2. Crypto is a Digital Currency, it is in form of Digital assets. It is emerging as
one of the popular digital assets in India. It is maintained by a network of
computers. They are formed by mining. Buyers buy these currency as
assets and hold them for a certain time then they sell according to there
profit. It works same as stocks market, some people buy them some
people sell them this cycle remain continuous. Market price of crypto
currency is depend on supply and demand. Future of Crypto Currency
in India is very strong .
3. • They make easier for two persons to transfer funds with each
other without including third party like bank or credit card
company.
• But there is very big disadvantage also that after crypto come
there is increased in no of online fraud , illegal activities and
money laundering.
• Crypto has no any legal status in India and it is unregulated. It
is likely our government will pass an bill on crypto currency.
• As India is a very big in population, it in no2 in population,
many people do there investment in bank RD and FD. But due
to increase in digital transation many people start investing in
stock markets and mutual funds, now its time for crypt. Many of
youth invest in crypto currency. Future of Crypto Currency in
India is very vast.
4. Best crypto coins:-
Bitcoin- it is a decentralized crypto
currency without a bank or administrator. It
is invented in 2008 by a unknown person
or a group. They are created by mining.it
current value is 38,44,497 Indian rupee.
CODE – BTC
Etherum – it is second after bitcoin, is also
decentralized crypto currency , open
source blockchain ,Ether (ETH) is a native
crypto currency. Was developed in 2015.it
value is2,88,665 Indian rupee.
CODE – ETH
5. Cardano- is a public blockchain platform .
it is Decentralized and open source with
proof to stake. Was released in 2017 by
Cardano foundation , its value is 214
rupee.
CODE- ADA
Dogecoin – DOGE coin was
develop by software engineers Billy
Markus and Jackson Palmer in
2013.it value is 21.40 Indian rupee.
CODE- DOGE
6. • Litecoin- LTC was created by Charlie Lee in 2011.in
technical detail Litecoin is identical to Bitcoin .its value is
15,677 Indian rupee.
• CODE- LTC
7. • Crypto trading apps in India:-
• WazirX
• It has more than 6.5 Million users.
• Coinbase
• It has more than 13.3 Million users.
• Binance
• It has more than 13.5 Million users.
• Coinswitch
• It has more than 4.5 Million users.
• Zebpay Crypto Exchange
• It has more than 4 Million users.
•
•
• So you can download any app from playstore for android users as
well as from app store for IOS users, and start investing according to
your budget.
• Cryptocurrency use decentralized technology to let there users make
there payments and store money without use of there name or going
to bank. They work on blockchain.
