Investment in cryptocurrency has become a dream of every individual. Multi fold growth of cryptocurrency up to 1000% in 2017 has attracted investors of all category to buy Bitcoin and other alt currencies. Although Bitcoin is still dominating 50% market in the world of cryptocurrency still the rocketing price of top currencies like; Bitcoin Cash, Ripple, Ether, Litecoin, Dash, Monero, Cardano, IOTA and others have shown strong market hold during the time.
Investment in cryptocurrency is open on national and international platforms, 24x7. India has very limited platforms like; Koinex, Coinme and Buyucoin where you can buy Litecoin directly in INR. All follow the same process of INR deposit and then bidding process to buy. The steps are-
- Verify email and mobile no.
- Complete KYC with Aadhar Card, Pan Card, Bank details.
- Link your bank account with platform for IMPS/ NEFT transfer
After this, you can transfer money directly in their dedicated account for further process.
There is no smoothest way to buy any cryptocurrency be it INR or other currency. All the trading and exchange platforms source cryptocurrencies from other platforms or they also buy from other exchanges or buy from mining firms for supply at their own platforms. Now Marginal Trading and trading fee/ charges are only source of income since they offer Zero charge on “IMPS/ NEFT” and “withdrawal”. All of them do “Marginal Trading” that is their source of income. You have to understand the concept of marginal trading or else you will fall in the gap of margins and lose good sum amount while bidding and trading. Other than marginal trading, they charge trade fee also that remain very low, less than 1% generally.
They always maintain and a substantial margin of 5k to 50k on various currencies depending on the demand and supply volume at platforms. They attract bidders to bid at close price displaying at platform and they fill the order or complete the bid of many in a short range. Also they charge 0.25%, nominal trading charge/ fee on each bid based on the amount. So be careful in bidding to buy cryptocurrency and invest wisely to earn maximum profit.
But for the rest you have to transfer either Bitcoin or Ether. First deposit money at Zebpay, Bitxoxo, Unocoin and Coinsecure and then transfer it at Bittrex, Poloniex, Coinbase, HitBtc etc. platform that offers whole lot of coin to trade and exchange. Only thing is that you need to tally prices of USD and BTC.
Both options are open to buy cryotocurrencies.