How to invest 100 Rupees in Bitcoin: Cryptocurrency investment in India: How to Invest in Cryptocurrency? Learn step by step.
Choose a Crypto Exchange Company
Cryptocurrency is now becoming a lucrative financial investment path for investors. Even if the price goes up and down, a fixed return can be obtained from here It is a kind of digital resource Initially, cryptocurrency is a network-based network that is spread over several computers The decentralization of this virtual currency is structured in a way that no government or central authority can regulate by law.
Also Read – Invest 100 Rupees And Earn High: An investment of Only 100 Rupees Can Give a Gift of Crores of Rupees
Billionaire Elon Musk’s electric car maker Tesla has invested in Bitcoin, the world’s largest cryptocurrency, in addition to other cryptocurrencies such as Ethereum and Dodgecoin. And Bitcoin then attracts the attention of big investors as well as ordinary people
Many people in India now see cryptocurrency as an asset Recently, Finance Minister Nirmala Sitharaman said that the Cabinet note on the cryptocurrency bill has been prepared and the matter will be approved by the Cabinet soon. Cryptocurrency is not currently regulated in India, making it a risky place for investors.
However, before investing in cryptocurrency, it is important to have some idea about this issue As a result, you need to know what kind of steps to take to invest in this way As a result, step by step investment in cryptocurrencies like Bitcoin, Ethereum, Dodgecoin etc. should be done in this country.
You Have To Open an Account at The Exchange of Your Choice
How to invest 100 Rupees in Bitcoin: The first step is to find a suitable crypto exchange Since there is no established framework for cryptocurrency transactions, crypto exchange is a platform for buyers and sellers to buy and sell this digital asset. Some of these popular exchanges are WazirX, CoinDCX and CoinSwitch Kuber
The second step is to create an account Once the crypto exchange is fixed, the investor has to open an account on that platform for the transaction. After that, if that account is opened, then you have to plan how much money will be invested and where it will be invested At that time it is necessary to read and understand the policy of that particular platform The platform will then ask the investor to submit all documents as evidence to prevent fraud.
You Need to Activate The Account And Make The Transaction
The third step is to activate the account for the transaction This means that since it takes money to buy a cryptocurrency, you need to keep the money in that account before you can buy it. In that case, of course, one can also transfer money from his bank account to the specified exchange. However, before transferring money in this way, you need to make sure that the two accounts are properly linked.
The fourth step is to invest Once the accounts have been properly linked and the money has been credited to the crypto exchange account, the investor will have to decide which cryptocurrency to invest in. The largest and most popular cryptocurrency in the country is Bitcoin 8 Then there is Ethereum 6 on the market Other well-known cryptocurrencies are Tether, Dodgecoin, Cardano, XRP, and Binance coin. After purchasing, the investor needs to confirm the store code of his account to avoid hacking risks. Therefore, experts suggest that the purchased coins be kept in a crypto wallet
