Cryptocurrency is a very attractive and innovative investment throughout the globe.
The success of Bitcoin has dramatically explored the opportunity of digital assets like Crypto, NFT (no-fungible token) and etc.
In a decade Bitcoin earns huge popularity and investments.
The much more new development is experienced in the world like digital currency becoming an instrument for buying and selling property, vehicles, and other luxury and costly products and services.
Global service providers accept crypto as a payment mode and scale the business.
RBI Proposed Digital Rupee ( E-Rupee)
RBI is exploring the digital rupee or e-rupee is a digital version of the Indian rupee.
Two versions will be issued wholesale for interbank settlement and retail for the public as per the RBI proposal.
As per the proposed model, RBI will issue the digital rupee and commercial banks distribute it.
As proposed by RBI the retail version of the e-rupee is a token-based individual who finds out the recipient’s public key (like an email address) and transfers money to them using your private key ( a password).
Cryptocurrency ( digital currency, digital money, electronic money, or electronic currency) is an asset that is primarily managed, stored, or exchanged on computer systems mainly over the internet.
The most demanding cryptocurrency like Dogecoin, Bitcoin Cash, Litecoin, Ethereum, Ripple, Stellar, Cardano, Binance, USD Coin, Chainlink, and Monero.
Cryptocurrency platforms act as mediators for buying and selling digital currencies and exchanging them for fiat currencies like Indian rupees or dollars.
Cryptocurrency is dramatically popular all around the world in terms of long-term investment options, mode of payment, and trading and many countries are counting bitcoins as a substitute for money.
India has a large audience for crypto and there are many companies that are offering buying and selling of cryptocurrencies.
The Indian government is taking various steps to monitor transactions in cryptocurrencies because crypto transactions have big issues in tracking the movement of funds.
You must know there are many countries that are creating very
much favorable business environments in their countries for investors and businesses.
A blockchain is a digital database distributed among the nodes of a peer-to-peer network.
Electronically Blockchain stores information in digital format.
Blockchain has major importance in cryptocurrency, NFT systems like Bitcoin to maintain a safe and decentralized record of every crypto, NFT transaction.
We can say it is easier like a digital ledger that records every transaction.
Top Trading Platforms In India
The world is in the digital age and digital payment, digital assets, and more.
NFT and crypto became more popular as modes of investment.
Here we have shared the most growing and reliable platforms for buying and selling digital assets.
WazirX is India’s one of the old bitcoin and crypto exchange facilitators.
WazirX was founded in 2017 by Nischal Shetty, Sameer Mhatre, and Siddharth Menon.
WazirX is Mumbai based company that helps individual investors to build digital assets.
WazirX is a P2P (peer-to-peer) crypto exchange that will offer users to buy, and sell. and trade digital assets cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple (payment protocol), etc.
Zebpay is India’s growing Bitcoin and crypto facilitator and you can start trading with only Rs 1oo.
Zebpay is headquartered in Singapore and is a company expanding across the world.
The company target both crypto traders and crypto-focused investors from across the world.
Zebpay is expertise in blockchain and Bitcoin and still strengthening in this sector.
The company is targeting Indian investors and focusing on the utilization of growing demand and trends in digital money.
BuyUcoin best in-sector blockchain-based solution for crypto trading with automatic KYC/AML characteristics to ensure secure, easy, and fast crypto buying, investing and selling.
The company offers a fast and secure crypto wallet to Buy, sell, store and trade Bitcoin in India and throughout the world with 24/7 availability.
4. Coin DCX
CoinDCX was founded in 2018 with aiming user experience and security in the mind.
The company offers instant fiat-to-crypto conversion with zero fees.
Coin DCX is a Singapore-based company that claims to fastest cryptocurrency-buying, the seller of Bitcoin and other digital currencies.
Giottus is founded by two IIM alumni Vikram and Arjun Vikram Subburaj are the co-founder and CEO of Giottus.
Giottus was founded in 2017, headquartered in Chennai, Tamil Nadu, India.
Giottus offers to buy, sell, and trade Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Tron (TRX), Bitcoin Cash (BCH), and others.
CoinSwitch is Indian origin company headquartered in Bangalore India.
CoinSwtich is an app-based cryptocurrency facilitator especially Indian market for retail investors.
The company was founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar.
The company offers a trade of Bitcoin, Ethereum, Litecoin, Ripple, Dash, and others with Indian rupees.
Bitbns is another of India’s leading crypto trading and exchange platforms, founded in 2017.
Gaurav Dahake is the CEO of and company founded in 2017.
Prasant singh is the co-founder and CTO of Bitbns.
Major Types of Charges On Cryptocurrency Charges In India
What are The 1% TDS Crypto Assets?
From 1st July 2022, the 1% tax deductible source( TDS) rule for cryptocurrency transactions and 30% on crypto profit into effect by the government of India.