Unless you’ve been living under a rock, you’ve certainly heard terms like cryptocurrencies, bitcoin, and NFTs. Now, this is a good start but many of us have remained at this level of awareness. If you are already at this stage, you will also know that trading in cryptocurrencies is not restricted in India, so you can trade however you wish.
Given that cryptocurrency is being widely adopted by financial institutions such as PayPal, Visa and Mastercard, as well as by countries such as El Salvador, it is time to begin your journey into the world of crypto and ride the wave of opportunity. .
Why do you need crypto –
Let’s be real and accept that FOMO is real. Let’s also acknowledge that bitcoin has been one of the best investments anyone has made in the past decade. So, if you had bought Rs 10,000 worth of bitcoin in 2010, you would have been sitting on a pile of Rs 66 crore in 2017 just seven years later. This is an increase of 66,00,000% in just seven years and at a time when 1 bitcoin was worth US$2779 in July 2017.
Since 2017, Bitcoin skyrocketed even more with the price of one bitcoin currently trading at over USD 46,000 (INR 34.46 Lakh)! If you can spot any other asset class that has seen so much appreciation, we’ll eat our words right away.
In fact, analysts say that the price per bitcoin is expected to reach USD 318417 (INR 2.36 Crore) by December 2025! This is a good sign for first-timers and still part of bitcoin’s growth story. let’s get started.
Cryptocurrency: How to get started
Now that you have decided to start investing in cryptocurrency, you should know what is attracting you to this new asset class. Basically, once you realize that cryptos are the future, you will automatically be drawn to them.
Once you make up your mind, you have to choose which cryptocurrency you want to invest in and how much money you want to invest. Look at popular options like bitcoin and ethereum, but also keep an eye out for lesser-known coins. Possesses great leaping ability as compared to his popular peers.
To invest money, you must first sign up with a crypto exchange service in India, complete the KYC process and then transfer funds from your bank to the exchange to buy your first crypto. We recommend bitcoin exchange app zebpe More reasons that just the fact that it is one of the oldest and best known crypto exchanges in the country.
ZebPay, which impressed us with its intuitive and clutter-free app, also has some unique features that make it easy to recommend. to take pocket money for example. This feature allows you to earn crypto while maintaining crypto – almost like receiving an interest rate on your crypto savings. The rate of return varies between 1% to 7.5% depending on what coins you have, sitting down and doing crypto has never been easier.
Things to know as a first time crypto investor
As an added resource, keep the following in mind when investing for the first time.
1 – Initially allocate a small amount of your portfolio to cryptocurrencies. Don’t put more than you can afford to lose.
2 – You do not need thousands of rupees to start investing in cryptocurrencies. Exchanges usually offer an option to start investing as low as INR 100. This way, you can buy a fraction of any crypto like bitcoin instead of the whole coin.
3 – Keep an eye on the rules and news of the government. While crypto is not banned in India, there can be a lot of conflicting information regarding its regulation. Follow the right groups, forums and news sources to stay up to date with the latest information.
4-Remember the golden adage, if something is too good to be true, it probably is. Some crypto exchanges give mind-numbing returns but if the cryptocurrency crashes, you lose everything at once. Stick to known crypto exchanges like ZebPay.
We wish you the best of luck on your new journey into the world of cryptocurrency. Stay tuned and contact us as we share all the information you need to become a successful cryptocurrency investor.
Disclaimer –
Cryptocurrencies are unregulated digital assets and are not legal tender. Past performance is no guarantee of future results. Investing/trading in cryptocurrencies is subject to market risks and legal risks.
This article Zebpay. Written on behalf of Studio 18 Team
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