Cryptocurrency
Cryptocurrency is a digital format of coin that manages itself and prices itself according to the market value and it’s decentralized and the Cryptocurrency network is so secure.
This is the best investment idea if you want to get investment returns often, the Cryptocurrency you buy today for Rs.20 may be worth Rs.5000 tomorrow no one knows.
When the Cryptocurrency was invented no one believed that it would be this much massive growth and market cap.
You can also say Cryptocurrency will be currency for the future within 2 years or decades.
All Bitcoin transactions are totally visible to everybody. It's like every transaction will be stored in a spreadsheet and everyone can access it.
Diversification
This is one of the methods to invest in cryptocurrency where you buy it and hold it for a long period or short period of time when the value increases you sell the coins for a great profit.
Diversify your investment in top cryptocurrencies and in some alt coins so that you don’t lose money.
Trading
This is another method of investing in cryptocurrency where you open a trading account in websites like Binanace and complete KYC and connect your bank account.
Here you trade the your cryptocurrency for a different one and make profit,for example you sell Tron coin for dodge Coin and make a profit this all depends on the market the time you buy etc.,
Here is link to free cryptocurrency trading course for beginners to get started with,
Stock Trading & Bitcoin/Cryptocurrency Trading | Technical Analysis: Beginner to Pro - link
Buying Cryptocurrency
Here are the top 5 wallet apps that I recommend for buying cryptocurrency in india.
1.Coinswitch Kuber
This is one of my favorite cryptocurrency wallets and has almost 10M registered users.
The minimum amount of money you need to buy coins is Rs.100 and you can withdraw at any time if you want.
You need to download the app and complete your KYC with Aadhar , PAN card and Selfie. You can buy around 100 cryptocurrencies.
Download the app here
2. Wazrix
This is one of India's most trusted and largest cryptocurrency exchanges. You can download apps for your mobile and laptop.
The one thing I like about this app is it has a simple UI and top security features and with superfast transactions.
You can buy famous coins like Bitcoin,Ethereum,tron,Ripple and lite coin and it also has P2P so that you can make your purchases faster and safer on its platform.
Download the app here
3. CoinDCX
The process is very simple. You create an account and start adding money to your wallet and buy any cryptocurrency you want.
All of the funds you invested have been insured by BitGo and this platform has deep encryption.
Apps are available for both android and IOS with a cool user Interface design. You can start investing as low as Rs.100 and need to complete KYC to buy more.
Download the app here
4. Binance
This is one of the most popular crypto exchanges out there in the market , this is the best platform for beginners to start with.
It has apps for both mobile and desktop with an amazing user interface and top level security features.
You can also trade cryptocurrencies using this app and also store your cryptocurrencies in a wallet.
Download the app here
5. Zebpay
This is one of the best and oldest cryptocurrency wallets in the market that started first in India.
It has a clutter free simple user interface with secure transactions which makes it the best app still many of them are using it since 2015.
You need to sign up for an account and complete KYC to start buying crypto. This has also a premium membership with a lot of advanced features like charting and instant support.
Download the app here
Tips for investing
1.Start Small
You don't need to invest more, start with as little as Rs.100 and leverage it and never invest in a single cryptocurrency as I mentioned above try to invest in alt coins too.
2. Own Research
Do your own research on the coin background , past performances and take the decision by yourself so that you don’t have to blame anyone for losing your coins.
3. Be patient
This is the most important thing when you are holding the cryptocurrency when the price becomes low, don't panic and sell out.
If you sell now later it will increase its value, who knows maybe in two days cryptocurrency will hold it, don't worry the price will increase.
4. Separate Email
This is one of the recommended tips from my side whenever signing up for a crypto platform please create a new Email that is only for cryptocurrency purposes and don’t use for any other.
By having like this if your mail has been hacked your investments will be safe.
5. Mobile wallet
Don’t store all your cryptocurrency in a mobile wallet. Yes, it is convenient. I understand it also has the problem of being hacked.
Store in other wallets or in hardware formats so that you don’t lose anything.