Buying The Dip Or Invest For The Future? How to invest in Cryptocurrency, In INDIA

There are always two sides to cryptocurrency. Someone suggests that if prices fall, you buy a dip because things will get better again. Someone suggests cutting your losses and getting out. If you've been following the cryptocurrency market for a long time, you've probably seen what can be described as a mass extinction. The prices of Bitcoin and cryptocurrency have plummeted, in part because of what Elon Musk last tweeted and China's new guidelines ban financial institutions and payment companies from trading cryptocurrencies - while people are not subject to the new rules. In the midst of all this, memes galore on social media. However, black investors or those with a certain risk of risk will view this as a blip on the horizon, likely to see crypto prices rise again. And some apps allow you to invest easily.

How to Invest in Cryptocurrency, In INDIA

If you want to take in and invest in cryptocurrencies including Bitcoin, Ethereum, Litecoin, Cardano, Dogecoin, Shiba Inu, and Polygon, in India you have apps that allow you to easily trade in cryptocurrencies. Note, we do not offer investment advice. Popular apps are CoinSwitch Kuber, CoinDCX, ZebPay, and WazirX. CoinDCX has two applications, the second being simple for starters called CoinDCX Go which lists cryptocurrency for investing. These apps are available for Android and Apple iPhone phones, the last two platforms, and allow you to trade on Web Types. In fact, the CoinDCX app allows you to set up two authentications via different OTPs sent to your mobile number and email, to further protect you from any unauthorized access to your crypto trading application. All apps have two-factor authentication that enables you to make your account more secure. In my experience, I've noticed that the CoinSwitch Kuber app sends notifications via email every time you sign in, on any phone. CoinDCX also sends alerts notifying you of the nearest location where your account has been logged in, and if not you, that may set alarm bells ringing for corrective action. Attractive looking, none of these three apps affect the face recognition feature on phones and still need to dial PINs.

The process for setting up your account remains the best in all applications and was specified by the RBI guidelines for any applications related to trading and transfers. Before you can add money to your wallet and start trading, you will need to complete a KYC, or know your client's process. This means sharing your PAN card with Aadhaar card numbers that will be verified by the application using authentication systems. This can take anywhere between 5 minutes to 24 hours, in my experience. CoinSwitch was quick to complete my KYC, CoinDCX took about 24 hours and WazirX took longer. This, however, maybe a different matter for you, with many things including a simultaneous registration number that need to be considered in terms of time taken. To make time for these cases, CoinDCX and WazirX allow you to add money to your crypto app wallet and start buying digital currency with some hats and restrictions. In my experience, CoinSwitch Kuber requires a complete KYC to be completed before any trade can be made. You need to realize that not all cryptocurrencies will be available for trading, which is buying and selling on all these platforms. For example, at the time of writing, the Shiba Inu cryptocurrency is not in CoinSwitch Kuber but can be traded on CoinDCX or WazirX. You’ll see this nice difference from time to time, and much of this also depends on what crypto exchanges these apps get into. Over time, expect a high-quality playground with all the coins mentioned in all the options.