Cryptocurrency is a digital currency that uses encryption to regulate the generation of units and verify the transfer of funds among individuals involved. It means that cryptocurrencies are not printed by any central bank, allowed for legitimate transactions without an intermediary such as a bank, used to buy goods or services like dollars or euros, used in exchange for any other currency, and also can’t be easily counterfeited.
The proliferation of cryptocurrencies has led to concern by central banks around the world just as they are beginning to realise how many people have switched their holdings over from traditional fiat currencies such as the US dollar.
As cryptocurrencies such as bitcoin, ethereum, ripple, mexc and others have surged in value the past year from a relatively small base, the cryptocurrency craze has reached fever pitch. Everyone wants to get their hands on a bit of digital gold.
If you are interested in Buying your first Cryptocurrency In India and earning amazing profits from it then this article is for you. You will know How to buy your first cryptocurrency in India and What are the best places to buy cryptos in India.
The popularity of Cryptocurrencies has also led to a radical increase in the number of people mining them. Cryptocurrencies are mined by running complex algorithms on computers. Although the process is not easy, it can be rewarding for those who know what they are doing.
Buying your first cryptocurrency in India is easier now than ever before, thanks to startups like Coinsecure and Unocoin that have enabled the process of buying Bitcoin, Litecoin, Ethereum and other altcoins like Poocoin using easily available payment mechanisms such as NEFT or RTGS.
Before we dive deeper into How to buy your first cryptocurrency in India, here are some popular cryptocurrencies to Invest and make huge profits on it.
Popular Crypto Coins To Invest In :
- Bitcoin: You can buy Bitcoin through Unocoin and Coinsecure. You can buy Bitcoin through Unocoin and Coinsecure. Bitcoins are already popular due to the fact that they are not controlled by governments or banks. They have become so popular in India that it is now used in daily transactions as a means of payment.
- Ethereum: Another useful cryptocurrency is Ethereum, which has been gaining popularity over the past few months and also gaining much praise from investors. It is basically a set of protocols that provide you a platform on which you can build decentralised applications, smart contracts, DApps and even uses for ICOs (Initial Coin Offerings).
- XWP: XWP is a cryptocurrency that originates from Bitcoin and Litecoin as it uses the Proof of Work (PoW) and Proof of Stake (PoS) algorithm.XWP Price have risen from $0.0024 to $1.68, is one of the hottest coins of 2018 and it’s about to really take off. XWP coin is a digital currency that can be used for purchases online and at local businesses with merchants like Amazon and PayPal accepting it as a form of payment.
You can learn more about crypto coins and can invest in these coins on many different exchanges. Binocs is one of the best places where you can know about different coins and it provides crypto taxation solutions.