Like any other country, it is very straightforward to invest in Cryptocurrency in India.
First of all you need to start by purchasing some Bitcoins. They can be bought from the below three options in India.
- Zebpay
https://www.zebpay.com/
I personally use Zebpay and I have never had any issues buying or selling btc with them. They are slightly highly priced compared to exchanges in the West but in India this is one of the cheaper options.
Also note that you will need to link your bank account with Zebpay along with your PAN card. Once the account has been verified you can start purchasing your btc right away.
- Unocoin
https://www.unocoin.com/
This is an alternative to Zebpay, slightly higher in price but resourceful nonetheless. I have not got a chance to use it but the process to buy btc remains the same.
- Local bitcoins
https://localbitcoins.com/
It is used by many worldwide and you purchase and sell directly with the individual. Make sure to use the ratings feature to make sure you are dealing with someone that will not dupe you. Albeit the coins are cheaper than the first two options, this one needs to be sought carefully.
Once you have your bitcoins, you are halfway there. You have just entered the exciting world of cryptocurrency and in the next post we shall talk altcoins and how you can convert your btc to altcoins and even begin to day/swing trade them.