Trading bitcoin on WazirX is easy because WazirX allows you to buy bitcoins in fractions worth around Rs 52-53 lakh on its platform.
KNOW HOW TO BUY BITCOIN EASILY IN INDIA
Bitcoin is the largest crypto currency in the world. It has seen a manifold increase since its inception in 2009. It has seen an increase of more than 120 per cent since the beginning of this year. However, this asset class has faced setbacks in the middle. Nevertheless, the digital currency has gained tremendous popularity all over the world. Now all the central banks of the world are also considering how to recognize digital currency as a mainstream currency. Institutional acceptance has been one of the key reasons for bitcoin's tremendous growth.
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Bitcoin is being considered as the safe haven asset (safest investment option) amid rising concerns of inflation all over the world. The recent launch of the Bitcoin ETF (Exchange Trade Fund) on the New York Stock Exchange has also contributed to the strong jump in the price of bitcoin. Along with this, the month of October has also been record breaking for the entire stock market. Apart from this, PayPal, which has 350 million users, has also approved payments in crypto. All these factors led to the bitcoin price reaching an all-time high of $68,641.57 on November 9, 2021.
Amidst media reports, the government in India is working on making laws on cryptocurrency. Let us tell you that before this, there have been many such statements from the government that it was said that crypto currency will be completely banned. But now the attitude of the government has changed a lot and is considering regulation of cryptocurrency. After the lifting of the ban on cryptocurrency by RBI last year, there has been a strong jump in the price of crypto in India.
As of now there is no legal framework in the matter of cryptocurrency in India. Yet India is one of the fastest growing crypto markets in the world. According to media reports, about 1.5 to 20 million people have invested in crypto currency in India. Experts predict that with the rise in inflation in the world, the crypto currency will see a further rise.
Like a bank account, a blockchain wallet is used to store bitcoins. They are considered quite safe. Because they are cryptographically signed. Wazirex wallets also work on the same concept. Apart from this, it is also linked to global exchanges.
How to choose a bitcoin exchange.
Your investment journey can be quite simple and smooth if you research the platform used for trading crypto currency and choose it. When choosing a crypto exchange, one must keep in mind the ease of use, clean interface and on-platform support for trading pairs. Apart from this, you should choose a platform that has low trading fees. Otherwise, your earnings from bitcoin trade will go towards paying the fees.
Apart from this, you should also keep in mind whether the exchange has issued its order books or not? In doing so, there is transparency in trading. An order book contains the details of buy and sell orders entered in the exchange platform. This is an additional way of proving the quality of an exchange, and the order book shows that the exchange has sufficient liquidity. So that whenever investors want to exit crypto, they can do so easily.
Apart from this, while choosing an exchange for trading crypto, keep in mind the security aspects associated with it. You will want to stay away from trading platforms which do not have any KYC protocol. KYC system helps in avoiding or dealing with financial crime.
How to trade crypto with WazirX
How to trade(ट्रडे) using a trading (ट्रेडिंग) account. (ट्रेडिंग केसे करे पूरी जानकारी l
If you too have started finding it beneficial to invest in crypto currency, then you have to choose a well-known platform, through which you can invest in the crypto currency of your choice. WazirX is one such crypto currency platform. It provides its users with safe, simple and seamless trading facilities in crypto currencies in India. To avail this feature, the first thing you have to do is to go to the Play Store and download the WazirX app.
Here you have to fill your bank account details and then complete your KYC. After that you will be able to set up your account and fund this account through UPI, NEFT, RTGs and IMPS. PAN card and a valid address proof are the primary requirements for KYC. After this, the users bank account is linked to the account of the exchange. Then the verification process is completed.
Once the account set-up is complete, a digital wallet is automatically created on the trading platform. In which the user can store his bitcoins or through which the user can do transactions. With the funds held in your account, you can start buying cryptocurrencies by clicking on the Exchange tab. Finally you set the number of crypto currency you want to buy and click on the buy button. Your holdings after this purchase will be shown on clicking on the Funds option.
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WazirX allows trading of multiple cryptocurrencies on its platform. This includes Bitcoin Ethereum (ETH), MATIC, Dogecoin (DOGE), Shiba Inu (SHIB), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), and Tron (TRX).
Why trading cryptocurrencies on WazirX is easy.
Trading and investing in bitcoins on WazirX is so easy and simple because WazirX allows buying bitcoins in fractions of approximately Rs 52-53 lakhs on its platform. That is, you can also invest up to Rs 100 in bitcoin. Like bitcoin, you can also buy cryptocurrencies like Ethereum, Litecoin and Ripple on WazirX.
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