Trading of Bitcoin and other cryptocurrencies is on the rise worldwide. Even in India, the recent development where the supreme court of the country has revoked an unofficial ban on the cryptocurrency by the Country’s Central Bank, Reserve Bank of India bode well for digital coin future in India. The development has been welcomed by open arms by crypto enthusiasts as the decision is expected to have a positive impact on the adoption of digital currencies in the country.
Cryptocurrency Trading Platforms
As far as the number of cryptocurrency exchanges operational in India, only a handful number of options are available for buyers and sellers. The most popular model used in the country is the peer-to-peer (P2P) exchange, although there is a considerable variation in the prices of Bitcoin listed on different exchanges. This essentially means that it is an intelligent buying decision to buy Bitcoin from different cryptocurrency exchanges rather than putting all the eggs in one basket.
On top of the list of popular exchanges is the WazirX. It is a brainchild of a small group of experienced executives who are working towards realizing the dream of wider cryptocurrency adoption in the country. One of the unique features of the platform is its P2P network, which allows the Indian residents to trade cryptocurrencies by making a deposit in the native currency of the country, i.e., INR. Using the unified payments interface (UPI) method, WazirX has made owning/selling Bitcoin quite an easy affair.
If you are looking to buy Bitcoin using the cash, then look no further than LocalBitcoins. You can find the listing of Bitcoin on the exchange by a number of sellers who are ready to accept a number of different payment modes, including the cash, which many Indian residents find a convenient option to go with. This option is also popular among the people who want to buy Bitcoin using the option of PayPal. The cryptocurrency exchange also offers two-level authentication procedures and another layer of safety mechanism is added once the login is done from the new device.
Another credible option you can choose to buy Bitcoin in India is Bitbns. The exchange is founded by graduates from the Indian Institute of Technology and started its operations in 2017. Some of the important features on which Bitbns is trying to build its brand image are a high level of security, a dedicated customer support system, and easy to use interface, among others.
You can visit websites of any of the above-mentioned cryptocurrency exchanges in India and depend upon your requirement, level of expertise, and transaction charges; you can finally make a decision to buy Bitcoin and other cryptocurrencies. As the price of Bitcoin differs on different cryptocurrency exchanges on a real-time basis, it becomes extremely important to have comprehensive information about the pricing strategies of these exchanges. This will help you to minimize the cost while ensuring maximum returns from your investment. It is also a smart strategy to invest in the Bitcoin trading community, just like the Bitcoin Evolution Software. To start trading on the platform, you just need to open an account and make an initial minimum investment of $250. Once you are done with these two steps, you can start earning extra revenue by clicking on the auto-trade option provided by the platform. You also have the freedom to choose the manual trading option at any point in time.