If you're not a fan of ejaculation, you've probably heard of cryptocurrency, bitcoin, and NFT. But most of us are not very aware of this. If you don't belong to that group, then you must know that cryptocurrency is no longer illegal in India. As a result, you can start trading according to your ability.
Cryptocurrency is currently accepted by various financial institutions such as Paypal, Visa and Mastercard and in countries like El Salvador. So it's time to start your journey in the world of crypto and make sure you take advantage of this great opportunity.
Do you need a crypto -
Let’s say something realistic and accept that FOMO exists. At the same time, it must be acknowledged that better investment options than Bitcoin have not been created in the last decade. As a result, if you bought Bitcoin for ₹ 10,000 in 2010, then just seven years later, in 2016, you became the owner of ৬৬ 6 crore. In other words, in just seven years, your investment has increased by 600,000% and in July 2017, the value of 1 bitcoin was 269 US dollars.
Since 2016, the price of Bitcoin has grown at a very rapid rate, and currently a Bitcoin is worth 48,000 (₹ 34.46 million)! If you can show another asset class whose value has increased at such a massive rate, we will admit our mistake.
In fact, analysts say that the price of Bitcoin will rise further and in December 2025, the price of a Bitcoin could touch 317418 US dollars (₹ 2.36 crore)! As a result, those who have not yet taken advantage of the opportunity must join the journey of improvement with Bitcoin. Let's get started.
Cryptocurrency: How to get started
If you have decided to start investing in cryptocurrency, you must know why you choose this asset class. In fact, once you understand that crypto is the future, you will automatically choose to invest in it.
Once you decide to invest here, you need to choose what type of crypto you want to invest in and how much money to invest here. You can look at popular alternatives like Bitcoin and Etherium, but also look at some less-popular coins, which are likely to improve rapidly and become the equivalent of the rest.
Before investing money, you need to sign up for a crypto exchange service in India, complete the KYC process and then transfer money from your bank account to that exchange to buy your first crypto. We are the Bitcoin Exchange app in this case ZebPay I would suggest using. There are many reasons to recommend it, one of which is that it is the oldest and most widely used crypto exchange in the country.
ZebPay It has won our hearts through its visionary and seamless app. It has some great features that make it easy to use it with your eyes closed.ZebPay Earn Hall is such a feature. With this feature you can earn crypto only by investing in crypto -
Much like getting interest at a fixed rate on top of crypto savings. The interest rate can range from 1% to 8.5%, depending on which coin you are investing in. There is nothing easier than earning a crypto by buying coins and storing them!
<<<<<<Everything you need to know when investing in crypto for the first time>>>>>>>>
As additional information, the following points must be kept in mind when investing for the first time.
1 - First of all, invest a small part of your portfolio in cryptocurrency. Invest in an amount that won't cost you much.
2 - The idea that you can't start without investing a few thousand rupees in cryptocurrency is wrong. Different exchanges usually offer the facility to start investing with less than টাকা 100. That way, you can buy a tiny fraction of a bitcoin instead of buying a whole coin.
3 - Keep an eye on the rules and news published by the government. Crypto is no longer illegal in India, but there is a lot of conflicting information about the rules. As a result, follow the right groups, forums and news sources, then keep yourself updated with the right information.
4 - Remember one thing, if you have an incredible mind after hearing something, you have to understand that it is not completely wrong. It is true that some cryptocurrencies have returned returns that can make you dizzy. But there is no denying that if the cryptocurrency crashes, you can lose all your investments. For this reason, choose a well-known crypto exchange like ZebPay.
We wish you all the best in your journey into this new world of cryptocurrency. Stay tuned and keep an eye on us, because we are always sharing a variety of information, which if you know, you will undoubtedly become a successful cryptocurrency investor.
Disclaimer:
Cryptocurrencies are unregulated digital assets and are not legal tenders. Past performances never guarantee future results. Investing / trading in cryptocurrency is always subject to market related risks and legal risks.
Wow good information,, thank you so much
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