What is Cryptocurrency?
Cryptocurrency is digital money that you can use online. Unlike Indian Rupees (INR), crypto is not controlled by any bank or government. The most popular ones are:
✅ Bitcoin (BTC) – The first and most valuable crypto
✅ Ethereum (ETH) – Used for smart contracts
✅ Dogecoin (DOGE) – Started as a joke but became popular
People buy, sell, and trade crypto just like they do with stocks or gold. The goal is to buy low and sell high to make a profit!
🚨 Warning: Cryptocurrency is risky! Prices go up and down quickly. Only invest what you can afford to lose. Do it at your own risk.
1. How to trade in India (Buy Cryptocurrency):
If you are new to crypto, follow these simple steps to buy your first coin.
Step 1: Choose a Crypto Exchange
A crypto exchange is like an online shop where you can buy, sell, or trade cryptocurrencies such as Bitcoin, Ethereum, and many others. Just like you use an app to order food or shop online, you use a crypto exchange app to handle your crypto transactions.
In India, there are several trusted exchanges to choose from, each offering something a little different depending on your experience level:
✔️ WazirX is great for beginners. It has a simple design, easy steps for buying and selling, and works well for people who are just starting with crypto.
✔️ CoinDCX supports a wide range of coins. If you want to explore and invest in different cryptocurrencies beyond just Bitcoin or Ethereum, this platform gives you more options.
✔️ Binance is ideal for advanced traders. It offers professional tools like charts, market data, and low trading fees, which are perfect for people who already know how crypto trading works.
✔️ ZebPay is known for quick and simple transactions. It’s a good choice if you want fast buying and selling with fewer distractions.
Each exchange has its own features, so it’s good to try a few and see which one works best for your needs.
Step 2: Create an Account
To begin your crypto journey, you first need to create an account on a crypto exchange. This is just like signing up for any other app or website, but with a few extra steps for security.
📲 First, download the exchange app from the Play Store or App Store, or go to the exchange’s official website (like WazirX, CoinDCX, or Binance).
📝 Then, sign up by entering your basic details.
📧 You’ll need to provide your email address, which will be used for login and updates.
📱 You’ll also enter your mobile number to help secure your account with OTP (one-time password) verification.
🆔 To complete your account, you’ll go through a KYC (Know Your Customer) process. This means you’ll need to upload a document like your Aadhaar card or PAN card. This step is required by law to prove your identity and prevent fraud.
Once your KYC is verified, you’re ready to start buying and selling cryptocurrency!
Step 3: Add Money to Your Account
To buy crypto, you need to deposit Indian Rupees (INR) into your exchange account. You can use:
💰 UPI (Google Pay, PhonePe, Paytm)
💰 Bank transfer
💰 Debit/Credit card
Step 4: Buy Your First Crypto
If you’re ready to start your crypto journey, buying your first coin is easy. Here’s how you can do it:
📱 Open the exchange app
First, open a trusted crypto exchange app on your phone or computer—like WazirX, CoinDCX, or Binance.
🔍 Search for Bitcoin (BTC), Ethereum (ETH), or any other coin
Use the search bar to find the cryptocurrency you want to buy. Popular options include Bitcoin (BTC), Ethereum (ETH), and many others.
💵 Enter the amount you want to buy
Type in how much of the coin you want to purchase. You can either enter the amount in crypto (like 0.01 BTC) or in INR (like ₹1,000).
🟢 Click BUY
Once you’re ready, hit the BUY button. The app will process the transaction and add the coin to your wallet.
🎉 Congratulations!
You now officially own cryptocurrency! You can view it in your wallet inside the app.
🚨 Remember: Crypto prices change quickly—sometimes within minutes. Make sure to double-check the price and do a bit of research before you invest.
2. How to trade in India (Sell Cryptocurrency)
Once the price of your cryptocurrency goes up, you might want to sell it to lock in your profit. Here’s how the selling process works, step by step:
📱 Open your exchange app
Start by opening the app where you bought your crypto—like WazirX, CoinDCX, or any other crypto exchange you use.
💰 Select the crypto you want to sell
Choose the specific cryptocurrency you want to sell—for example, Bitcoin, Ethereum, or any other coin in your portfolio.
✍️ Enter the amount and sell it for INR
Type in how much you want to sell. The exchange will convert your crypto into INR (Indian Rupees) based on the current market rate.
🏦 Withdraw INR to your bank account
Once the crypto is sold, the money will appear in your exchange wallet in INR. From there, you can easily transfer it to your linked bank account.
💡 Pro Tip: Always try to sell when the price is high. That’s how you can earn the most profit from your investment.
🚨 Warning: The crypto market is very unpredictable. Prices can rise fast—but they can also crash without warning. Be careful, do your research, and never invest more than you can afford to lose.
3. How to Trade Crypto in India Like a Pro
Trading in crypto means buying and selling cryptocurrencies often, with the goal of making a profit. Instead of holding onto one coin for a long time, traders take advantage of price changes to earn money. To do this effectively, there are a few simple tips to follow.
🔻 Buy Low, Sell High
You should try to purchase a cryptocurrency when its price is low and sell it when the price rises. For example, if you buy Bitcoin at $25,000 and sell it at $30,000, you make a profit of $5,000. This is the basic idea behind successful trading.
🛑 Use Stop-Loss Orders
A stop-loss is a tool that automatically sells your crypto if the price falls below a certain point. This helps limit your losses. For instance, if you bought a coin at $100 and placed a stop-loss at $90, it will automatically sell when the price drops to $90, protecting you from a bigger loss.
🧺 Diversify Your Investments
Don’t put all your money into just one coin. Spread your investments across different cryptocurrencies. If one coin performs badly, others might still do well. Diversifying reduces your overall risk and gives you a better chance of steady returns.
📰 Stay Updated
The crypto market changes rapidly. News, social media trends, and government regulations can cause prices to rise or fall quickly. By staying informed through crypto news websites and social channels, you can make smarter and quicker decisions.
4. Best Crypto Exchanges in India (Comparison)
Each exchange has different features. Here’s a quick comparison:
Exchange | Features | Fees | Best For |
WazirX | Easy to use | Low | Beginners |
CoinDCX | Many crypto options | Medium | Traders |
Binance | Advanced tools | Low | Experts |
ZebPay | Quick transactions | Medium | Instant buyers/sellers |
Choose the one that suits you best!
5. Is Crypto Legal in India? What About Taxes?
✅ Crypto is legal in India, but the government has rules for it.
✅ If you make a profit, you have to pay 30% tax.
✅ Every trade has 1% TDS (Tax Deducted at Source).
✅ Always report your earnings when filing your income tax.
💡 Tip: Keep a record of all your transactions to stay safe.
🚨 Warning: Government rules may change anytime. Stay updated to avoid legal issues.
6. How to Keep Your Crypto Safe
Since crypto is digital, hackers can steal it. Follow these safety tips:
🔐 Use Strong Passwords – Never share your login details.
🔐 Enable Two-Factor Authentication (2FA) – Adds extra security to your account.
🔐 Use a Hardware Wallet – A physical device that keeps your crypto safe.
🔐 Avoid Scams – Never send money to strangers or fake websites.
🚨 Warning: If you lose access to your crypto wallet, you cannot recover your money! Always keep your passwords safe.
Conclusion
Now you know how to buy, sell, and trade crypto in India like a pro! 🚀
💡 Final Tips:
✔️ Start small and invest only what you can afford to lose.
✔️ Always research before buying any cryptocurrency.
✔️ Keep your crypto safe from hackers.
🚨 Crypto is risky! Prices go up and down quickly. Invest at your own risk!
👉 Ready to start? Choose a crypto exchange and begin your journey today!
Is Crypto Trading Legal in India?
Yes, crypto trading is legal in India, but it is not regulated by the government. This means you can buy, sell, and trade cryptocurrencies, but there are tax rules to follow. The Indian government charges:
✅ 30% tax on crypto profits
✅ 1% TDS (Tax Deducted at Source) on each trade
Important: While trading is allowed, the government can change laws anytime, so stay updated!
Which Platform is Best for Crypto Trading in India?
Here are some of the best crypto exchanges in India:
Platform | Best For | Features |
WazirX | Beginners | Easy to use, UPI deposits |
CoinDCX | Investors | Many cryptos, fast withdrawals |
Binance | Advanced traders | Low fees, global platform |
ZebPay | Instant trading | Simple interface, high security |
👉 WazirX & CoinDCX are best for beginners, while Binance is great for experienced traders.
How to Trade Crypto in India for Beginners?
Here’s a simple step-by-step guide for beginners:
1️⃣ Choose a Crypto Exchange (WazirX, CoinDCX, Binance)
2️⃣ Sign Up & Complete KYC (Upload Aadhaar/PAN card for verification)
3️⃣ Deposit Money (INR) via UPI, bank transfer, or card
4️⃣ Buy Crypto (Bitcoin, Ethereum, etc.)
5️⃣ Trade Crypto – Buy low, sell high!
6️⃣ Withdraw INR to your bank when you make a profit
💡 Pro Tip: Start with small investments, as crypto is risky!
Can You Make $100 a Day with Crypto?
Yes, you can make $100 a day with crypto, but it depends on:
✅ Investment Amount – Higher investments mean higher potential profits.
✅ Market Volatility – Crypto prices change quickly, so timing is important.
✅ Trading Strategy – Day trading, swing trading, or investing for long-term gains.
✅ Risk Management – Never invest more than you can afford to lose.
💡 Reality Check: Many traders lose money too. Making $100/day is possible, but not guaranteed!
