Planning to invest in cryptocurrency in India 2022? Cryptocurrency is the new age investment platform that is giving you the fastest returns on your investment currently. Many people around the world make millions of rupees after doing Investing in Cryptocurrencies or trading into crypto currency.
But before going to invest in cryptocurrency in India. You should have to grab some knowledge about crypto like ‘How to Invest in Cryptocurrency in India 2022’or ‘What is Crypto?’ and ‘who can invest in cryptocurrency?’.
In this depth guide, you will know all details about Cryptocurrency, strategies to invest and do’s and don’t.
How to Invest in Cryptocurrency in India 2022 – Detailed Guide
What is Cryptocurrency?
Cryptocurrency is digital or virtual currency, which is secured by cryptography. You can use Cryptocurrency to buy goods and services or for investment purposes. It is based on blocked chain technology. There are various popular versions of cryptocurrencies available in the market like BitCoin, Dogecoin and Ethereum. There are also different crypto launchpads like “PinkSale Finance” where you can launch your own token!
After the huge success in cryptocurrency, there are more than 5000+ different cryptocurrencies lying in the digital market. Many People use cryptocurrencies for the investment purposes or buying or selling digital products. But investing in cryptocurrencies is risky, so we advised you to do some relevant market research and get details about ‘how the cryptosystem worked’ before getting to buy any cryptocurrency.
How Cryptocurrency System Works?
Cryptocurrency is virtual currency, which is based on blockchain technology. You can easily use Cryptocurrency for exchanging or purchasing the digital products or doing investment through encrypted form via the internet. Unlike in India, you can use it to convert the crypto into dollars to INR or INR to dollars.
But there is no centralized system or authority to control cryptocurrency. Due to which, It may be risky for investors, if you are not familiar or not having proper cryptocurrency.
How BlockChain technology is used in Cryptocurrencies?
Blockchain is a technology that makes it easy for exchanging the cryptocurrency into other things like purchasing or investing into the digital world. By blockchain technology you can easily exchange, such as the US dollar into Rupees or any other currency, but it is possible only in the digital world & it uses encryption techniques to control the creation of monetary units and make it secure transfer of the funds.
How to Invest in Cryptocurrency In India 2022
You can easily buy cryptocurrency from site ZebPay for trading in India. It helps in trading in cryptocurrency like bitcoin, Dogecoin and more. You just need to do a KYC that is online, after succeeding in KYC ZebPAy can connect with your bank account.
You can also withdraw the amount from ZebPay back into your connected bank account easily. But one more thing to remember is that in this process you just need to mapped your PAN Card with ZebPay for fund transactions. ZebPay is available on both iOs and Android play store. For quick transfer of your funds to ZebPay you need to link your bank account to a specific smartphone. Which also gives you more reliable security while using the app.
In ZebPay you also get a digital wallet. That wallet can be operated through your PC or smartphones.
Types of Cryptocurrencies You Can Trade In India – March-2022
- Binance Coin
5 Best cryptocurrency to Invest in 2022 For Long-Term
There are various best cheap cryptocurrency to invest in 2022 for long term or mid term. We suggest you the 5 Best cryptocurrency to invest in 2022 for the long term.
Bitcoin is one of the most popular & highly liquidity value crypto since it’s launch. You can say it is a king in terms of investing in crypto currencies now. Bitcoin uses a P2P technology with no central authority or regulation that can control it’s pricing. Due to which, it will be marked by some financial authorities highly riskable. It is designed or managed with open source authorities, there is no owner or controller that manages it’s pricing.
Features of BitCoin
- Fast & Secure Peer 2 Peer Technology for safe Transactions
- All Currencies Accepted By Bitcoin
- Low Processing Fee
- Digital Wallet with linked Bank Account Feature (KYC Needed)
Price in India – 1 BitCoin Equal to 24,87,519.93 (INR)
BitCoin Price Dollar – 34,174.70 United States Dollar
Dogecoin is 2nd in our list, it stands strong after the latest crash. In 2013, it’s created by a team of professional software engineers. Dogecoin is still a strong contender in the cryptocurrency market. Dogecoin is rapidly growing it’s presence in the crypto market.
After Elon Musk announced that Dogecoin is officially accepted by them as mode of payment. Elon Musk also promoting Dogecoin and call himself as “dogefather”. Further, he is working with the development team of dogecoin for better secure transactions and smooth operations.
In early 2021 Dogecoin rapidly set new heights in it’s pricing. Due to which, the market cap of Dogecoin is also being increased. Dogecoin has also been hit by dozens of bank scams. Due to which, it also gets negative marking by financial institutions. But it still has a good share market value in cryptocurrency.
Dogecoin Price in India Share- ₹ 22.82
Dogecoin Price in Dollar – $$0.3061
Enthereum is the one of the first crypto currencies that execute smart contracts, and store data of 3rd party apps. It uses blockchain technology and allows developers to make desktop & mobile decentralized apps. Enthereum has maintained its position in top crypto currency since it’s initial release. They have a loyal team of share investors. Due to which, it remains steady & popular like bitcoin.
In Japan, Enthereum is popular, it is also called “Japanese Ethereum” as most of the people of Japan invested in this cryptocurrency.
Ethereum’s price today in (INR) -1,74,624/-
Ethereum’s price today in Dollars – 2,416.71
Litecoin is strong enough to make its presens as a strong contender in terms of investing in crypto currencies. As its market capital and liquidity value is far better than others crypto players.
Litecoin is a faster and smoother transactional coin with more than 84 million coins with a block reward of 12.6 LTC. It’s 3 times higher than other crypto players in the market like bitcoin etc. As it is growing & gaining popularity, litecoins make itself one of the most popular from the rest in crypto war.
Litecoin’s price today in INR: 12,801(INR)
Litecoin’s price today in Dollar: $175.88
Cardano is using blockchain technology, which uses a proof of stack platform. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies. In Feb 2021, Cardano hit a $30.7 billion market cap.
It uses two blockchain techniques, one is to keep a smooth transaction functioning and other will manage the smart contracts . After an initial release in 2015, it makes a strong contender ship in the crypto market.
The technique and logic behind in using 2 block chain technology is able to make Cardano fast in transaction and remain scalable and never ever slow down the operation
Cardano’s price today in INR (India) – 127.8848
Cardano’s price today in USD: $1.56
People Also Ask
Is Cryptocurrency in India legal?
As per the government regulated body (RBI) recently stated that indian government is not allowing Indian people to do trading in crypto currency. Due to previous scams and controversy. But many people are doing cryptocurrency trading online. There are no rules or laws against cryptocurrency trading in India currently.
Which Cryptocurrency should I invest in 2022?
Bitcoin is one of the popular digital currencies till it’s launched and many people invest in the same and good returns previously. Bitcoin has enough market cap you can say better than others. Also it is listed in the top 5 best cryptocurrency in top.
Can I invest in Cryptocurrency in India?
Yes, you can easily invest in cryptocurrency in India with some 3rd party apps like ZepCash etc. Your account will be ready after the successful KYC process which makes it easier to connect your bank account to ZepCash and ease for you doing financial transactions.
Is Bitcoin a good investment 2022?
Yes, Bitcoin is a highly scalable and stable digital coin till today. Also bitcoin is listed in the top 5 best crypto currency in the world.
Disclaimer– Investing in cryptocurrency or any other financial product is highly risk able. please do deep research before investing in crypto or any other financial product. We are not responsible for any losses or damages. This article is just for informational purposes.