So you want to know how to invest in cryptocurrency? And you want to hop on to the recent crypto train and start investing in Bitcoin or other altcoins? But before you straight up jump into the bandwagon let us understand what cryptocurrency is.
What is cryptocurrency?
Cryptocurrencies are digital assets, tokens or coins which can be bought for real currency like dollars. There are many different cryptocurrencies out there. Bitcoin, Litecoin, Etherium, Libra (Facebook’s cryptocurrency) are some examples of cryptocurrencies.
How does cryptocurrency work?
You can buy cryptocurrency on the web directly from a seller. There are exchanges which help make this process easier by giving you a medium to buy them with fiat currencies. Cryptocurrencies are decentralized coins. This makes them different from your ususal real currencies. No government or bank controls their exchange or price.
A transaction happens using a technology called Blockchain. Each blockchain is a long bill of all transactions ever occured of a coin. Your coins are deposited in a digital wallet which has a unique private key. This key helps to verify transactions to and from your wallet.
How to invest in cryptocurrency?
There are dozens of different cryptocurreny exchanges out there. Choosing the one that is right for you can seem difficult at first. As a result we have listed some great exchanges in India to buy cryptocurrency from.
Binance is an international cryptocurrency exchange created by Changpeng Zhao. It is one of the most consistant and reliable exchanges. You can trade on binance through their website and apps. The apps are available on every platform from Windows to iOS. If you want to start trading on binance (Click Here)
2. Wazirx (Indian traders only)
For all those Indian traders out there Wazirx is an awesome option. It allows you to trade using INR which is really helpful. It is one of India’s largest crypto exchange. It’s fees are very low also the app is very good. And as a bonus you can transfer your coins directly from Wazirx to Binance. The app is available on Android as well as iOS. Here is the link if you want to start trading on Wazirx. (Click Here)
Coinbase is another international exchange which many traders use. Not only is the app user friendly but also has a minimal UI. It is based in San Fransisco. Many high profile traders from all around the world use coinbase. It is rumoured that Elon Musk used Coinbase for Tesla’s $1.5 dollar Bitcoin purchase. If you want to start trading on Coinbase follow this link. (Click Here)
So there you have it. Some of the best crypto exchanges to buy cryptocurrency from. Also let us know in the comments if this article helped you to buy some coins. And as always stay happy!!!