Invest via Wazirx, CoinSwitch, Binance. Apart from this lot of apps are available for investing in crypro.
First thing First
- Highly unregulated market.
- Gov. laws are archive & not proper.
- Hacking of exchange or wallet is possible.
Getting Ready
- Start with small account.
- Price action & charting works well here..
- Don’t look for 10-15% return.
- Look for 50% or 2X returns here
- Highly risky asset class.
Apps to prefer
Wazirx & Binance
We can also transfer crypto coins from Wazirx to Binance.
Binance preferable from my side as it is international platform.
Indian platform have lot of hanging issues during event of high volatility.
Now about Binance
Binance provides Web/Desktop App/ Mobile app.
But it doesn’t support buying crypto directly.
One can buy from P2P network.
It is something like buying from unknown people but protected by Binance.
Highly regulated by Binance Support.
P2P (peer to peer) network supports both buying & selling in INR.
About P2P
It is based on peer to peer network users.
Different users post they prices if you agree to them you can go and buy or sell.
Before doing any transaction check payment methods available.
Supported payment are gpay/paytm/upi/imps.
What to Buy from P2P?
Preferable buying with liquid currency like USDT etc.
Liquid currency is less volatile and comparatively very safe like other crypto currency.
When buying or selling on P2P one should Look for lowest rates for buying & highest for selling.
Bought USDT from P2P, Now What?
Once you have bought coin from p2p just transfer them to spot wallet.
Once transferred to spot wallet, just go to Market tab, where you can place buy order and later on sell order.
Buy only on popular coins which have high liquidity.
