Crypto Investment in india: detailed information 2024 |does crypto have a future in india?
Table of contents:
1.Introduction
2.Is crypto a good investment in 2024?.
3.Will 2025 be a good year for crypto?.
4.How high will Bitcoin go in 2024?.
5.What is the trend in crypto in 2024?.
6.Can I buy crypto in India?
7.What is India's top crypto platform?.
8.Here’s how you can safely invest in Cryptocurrency in India.
9.F.A.Q.
10.Conclusion
1.Introduction
"Are you planning to crypto investment in India and often wonder does crypto has a future in the India
Read this article; it's a detailed guide to crypto investment in india. I have explained the step-by-step process thoroughly, so make sure to read till the end."
2.Is crypto a good investment in 2024?
Depends on analysis,many peoples think it's good to invest in crypto but it's quite risky, market manipulator do major role (big institution like black rock) unlike stock market it's not regulated,if you manage to beat market move its good.
It's risky asset depends on liquidity of the market and market capitalisation, higher liquidity one can easily trade.
External factors also affect prices like war, finance changes etc.since it's very tempting to invest people stuck in wrong coins eg.meme coins.
3.Will 2025 be a good year for crypto?
Many finance experts and institutes predict that after the Bitcoin halving on April 19, 2024, government agency involvement will drive Bitcoin to $100,000 or more. Of course, if Bitcoin rises, altcoins will also likely see gains.
Studies show a two-year interval between Bull run , but no one can predict the market. With new investments in crypto, prices can increase. However, solid opposition from the government, particularly regarding plans for CBDCs, which also utilize blockchain technology, presents a challenge.
4.How high will Bitcoin go in 2024?
According to many finance experts Bitcoin achieve record high in 2025. Exact figure for 2024 is 100000$.
But prediction for crypto segment is hard it's depend on various factors like market sentiments, adoption rates etc.
Many predicted bearishness also.JPMorgan predicted fall in price after Bitcoin halving due to overbought market.
Do your own research it's best advice anyone can give in crypto investment because everyone has different analysis, different perspectives etc.
5.What is the trend in crypto in 2024?
A. Data availablity layer: Modular blockchain system like Dym etc.
B.Restaking: it's locking up staking tokens for higher yield.
C.Decentralised physical infrastructure network (DePIN):
It operates physical infrastructure in decentralised way.
D.Tokenization Real-World Asset (RWA) :
like real estate, gold, various asset backed stable coins.
The factors those on which trend is dependent are
5.1 Bitcoin ETF approval:
Now mostly countries allowing Bitcoin ETF,it will count as assets like gold,crude etc.
Spot ETF was introduced recently in USA, also in few days Hongkong, that will increase interest of peoples.
5.2 Bitcoin Halving:
Around 19 April 2024 is halving date of Bitcoin halving. It's technical phenomenon where Bitcoin supply adjusted to the half in a every 4 year.
When Bitcoin introduced in a market supply was 21 million.Every 4 years Halving happened.
Bitcoin is limited supply+halving,so no coder known can exploit it and print unlimited coins (education and being educated are two different things.)
When Bitcoin introduced in a market supply was 21 million.Every 4 years Halving happened.
Bitcoin is limited supply+halving,so no coder known can exploit it and print unlimited coins (education and being educated are two different things.)
6.Can I buy crypto in India?
Yes, you can buy crypto in India,it is not ban in India you can trade in crypto currency as long as you have KYC and use FIU compliment exchange ( Financial Intelligence Unit India )
FIU most likely crypto currency regulatory body like SEBI in stock market.so nothing to worry you can buy crypto in India.
FIU most likely crypto currency regulatory body like SEBI in stock market.so nothing to worry you can buy crypto in India.
7.What is India's top crypto platform?
CoinDCX, CoinSwitch, wazirX,zebpay ,unocoin,Mudrex etc.
Major issue is liquidity but I prefer CoinDCX platform.
Kucoin is foreign exchange it's FIU compliment exchange now people buy there since it's among top foreign exchanges.
Some other foreign exchange may be adding to this list like kucoin in future, India is big market some exchanges like binance ,coinbase,okx etc.are established names in crypto exchange.
Major issue is liquidity but I prefer CoinDCX platform.
Kucoin is foreign exchange it's FIU compliment exchange now people buy there since it's among top foreign exchanges.
Some other foreign exchange may be adding to this list like kucoin in future, India is big market some exchanges like binance ,coinbase,okx etc.are established names in crypto exchange.
UPI availablity is issue,UPI not available in many exchanges due regulatory problems.
8.Here’s how you can safely invest in Cryptocurrency in India
Investment in simple steps, I mentioned I prefer CoinDCX platform I will explain how to use it.(Others are almost same).
A. Sign up • Login in portal,it has both Android and Web interface
B. Complete KYC : complete know your customer (KYC) it's mandatory before depositing INR or crypto.
C.Use FIU compliment exchange: government agency released list of FIU compliment exchanges and more are adding since India is biggest market.
D. Deposit INR via RTGS, NEFT or net banking .
E. It is trusted platform but if you want security Dex wallets, hardware wallets are more for that how to use them I'll write different article.
A. Sign up • Login in portal,it has both Android and Web interface
B. Complete KYC : complete know your customer (KYC) it's mandatory before depositing INR or crypto.
C.Use FIU compliment exchange: government agency released list of FIU compliment exchanges and more are adding since India is biggest market.
D. Deposit INR via RTGS, NEFT or net banking .
E. It is trusted platform but if you want security Dex wallets, hardware wallets are more for that how to use them I'll write different article.
9. F.A.Q.
Q1.is crypto investment legal in india?
Answer: Yes, UPI is not regulated, not have outright ban so crypto investment is legal in india.
Q2.Is crypto legal in india?
Answer: crypto currency is legal in india as long as you have KYC and trade on FIU compliment exchange.
Q3.crypto investment platform india?
Answer: CoinDCX platform ( they're alternative also like Mudrex, delta exchange,coin switch, zebpay)
10.Conclusion
I explained how to crypto investment in india , also in brief tried to explain few crypto related things ,trends in crypto in 2024.
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