How can I invest in cryptocurrency in India? What is the minimum amount in INR that can be invested?

The Supreme Court Of India has struck down the RBI ban on banks from providing services to crypto businesses. Cryptocurrency is a decentralized and digital currency that has gained significance in the investment market. There are two ways through which one can invest in cryptocurrencies.

Overseas Exchanges
Local Exchanges (PCEX Member, CoinDCX, WazirX)

Many crypto trading sites in India offer crypto pairs like BTC/INR, ETH/INR, LTC/INR, XMR/INR. These are super beneficial for investors as they can buy cryptocurrency using Indian rupees and cash out their cryptocurrency in the same currency.

Prominent crypto trading sites like WazirX and CoinDCX charge fees on the transaction process which increases the net worth of the cryptocurrencies. While Wazir X charges 0.2% fees on depositing and withdrawing, CoinDCX charges 0.1% on the processes. PCEX Member is proved to be better than these platforms since it has zero maker and taker fees.

This platform allows trading with INR, USD, USDT, C2USD. That means you can buy Bitcoin, Litecoin, Bitcoin Cash, Ethereum, and other available cryptocurrency using these four markets. You can even store cryptocurrency in a digital wallet that is provided by the exchange itself. Users are given full custody of the wallet to maintain transparency.

You can spend as low as Rs.10 for buying cryptocurrency. The best thing about cryptocurrencies is that they can be bought in chunks or small parts if not as a whole. Also, many well-known cryptocurrencies are economical, which can be bought by investors with less money

For buying and selling cryptocurrency, one needs to have a complete understanding of the crypto market. You can go through news and blogs that are posted on the PCEX Member website to know about the prevailing prices of different stable coins.

PCEX Member has multiple options of payment like net banking/UPI/ debit card through which you can transfer money to your PCEX Member wallet to trade cryptocurrencies. Just a bit of documentation and KYC is required for identification purposes and you are good to go!

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