So if you are in INDIA and want to invest in cryptocurrencies, here are the three simple steps to get you going:

Step 1: Choose an exchange platform on which you can buy and sell cryptocurrencies. Now if you have a smartphone you can very easily download these crypto exchanges on to your smartphone. These are simple applications which you would easily find on your Apple App Store or Google Play Store. Applications like WAZIR X, CoinDCX Go, CoinSwitch, ZebPay, Kuber etc are some of them. Choose which one of these crypto exchanges are easiest for you to navigate on and use that. Obviously an application which supports the Indian Currency (₹) will be far better in the long run as well.

Now each application will have a minimum amount you can start with, so maybe you know you initially do not want to invest anything more than Rupees 100, to make your first investment and see what happens in the crypto exchange, choose an app from the above listed few which offers you the least amount that you can start with! 

Step 2: Once you finalize which crypto exchange you want to use, next is going to be to set up your KYC details on that app. KYC details will include your Pan-card, your personal details, your address proof, your identity proof,  once those are filled in, you will also need to choose a payment option for making deposits and withdrawals. When you trade in cryptos now some of these exchange apps also act as mobile wallets so you transfer a certain amount into that app and use that amount to invest.

Step 3: Get started, start investing now! Unlike the stock market crypto exchanges are active 24/7. so you can actually invest at any time of the day now, once the trade order is complete you can either store the cryptos in your wallet or you can withdraw your money. These cryptocurrency exchanges have all the major cryptocurrencies that you hear about like Bitcoin, Ethereum, Ripple, Litecoin and last but not least Doge Coin to name a few. You'll find them listed in most of these apps. 

Now I would like to advise all our readers that cryptocurrencies are still new to most of us so if you are a first time investor do not get carried away by the  Bitcoin frenzy. Get trained, try to get some knowledge and then only invest with a bigger sum. Otherwise take smaller steps, take baby steps and invest smaller amounts and then see what happens and most importantly HODL. (More in the next Blog)!

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