Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

The Supreme Court of India has struck down a ban on banks dealing with cryptocurrencies in India, paving the way for users to start trading with renewed vigour in cryptocurrencies.<br /><br />While there was no ban on cryptocurrencies, the Reserve Bank of India in 2018 put a ban on banks from dealing with virtual currencies like Bitcoin. The central bank also asked banks to exit all existing relationships with cryptocurrency exchanges.<br /><br />Now that this roadblock too <a href="https://www.businessinsider.in/cryptocurrency-trading-can-restart-in-india-after-top-court-removes-rbi-ban-calling-it-unconstitutional/articleshow/74470872.cms">has been cleared</a>, here is how you can gain from the move. <br /><br /><strong>What is a cryptocurrency?<br /></strong><br />Cryptocurrency is a virtual currency that can be exchanged online for goods and services. Cryptography is used to secure and verify the transactions. Unlike traditional currencies, cryptocurrencies are not issued by a central bank and depend on a peer-to-peer system.<br /><br /><strong>How to open a <keyword id="8871185" type="UNKNOWN" weightage="20" keywordseo="crypto-trading-account">crypto trading account</keyword> in India?<br /></strong><br />There are several cryptocurrency exchanges from where you can buy and sell cryptocurrencies like Zebpay, Unocoin, Coinmama and more.<br /><br />Today, we will show you how to use Zebpay to buy and sell cryptocurrencies in India. Zebpay allows you to purchase various virtual currencies and store them.<br /><br /><strong>How to use Zebpay to buy and sell cryptocurrency<br /></strong><br /><div type="image" title="Zebpay" msid="74490879" hostid="261"></div>

<br /><br /><ul><li>Download and install the Zebpay app for <a href="https://play.google.com/store/apps/details?id=zebpay.Application">Android</a> and <a href="https://apps.apple.com/in/app/zebpay-bitcoin-wallet/id944854686">iOS</a>.<br /></li><li>Open the app and click on ‘Let’s go’ at the top.<br /></li><li>Enter your phone number and click on ‘Proceed securely’.<br /></li><li>Now, click on ‘Continue to Set Account PIN’.</li></ul><br /><div type="image" title="Zebpay" msid="74490890" hostid="261"></div>

<br /><ul><li>Now, enter a four-digit PIN.<br /></li><li>Re-enter the four-digit PIN.<br /></li><li>Once you have set the PIN, you can opt to use the fingerprint sensor.<br /></li></ul><div type="image" title="Zebpay" msid="74490905" hostid="261"></div>

<br /><ul><li>Now, click on ‘Verify Email Address’.<br /></li><li>Enter your name and email address.<br /></li><li>Go to your mail and verify your account.</li></ul><br /><div type="image" title="Zebpay" msid="74490918" hostid="261"></div>

<br />Now you will be asked to provide your ID proof and address proof.<br /><br /><ul><li>Click on ‘Continue’.<br /></li><li>For ID proof, you can submit your PAN card.<br /></li><li>Upload the front of your PAN card and click on ‘Continue.<br /></li></ul><br /><div type="image" title="Zebpay" msid="74490925" hostid="261"></div>

<br /><ul><li>For address proof, you can submit your Aadhaar card, driving license, passport or a utility bill dated within the last three months.<br /></li><li>Select an address proof and upload it.<br /></li><li>Click on ‘Continue’.<br /></li><li>Now, select your source of funds and occupation.<br /></li><li>Then, click on ‘Continue’.<br /></li></ul>Once your KYC details are verified, you can start trading in cryptocurrency.<br /><br /><div type="image" title="Zebpay" msid="74490953" hostid="261"></div>

<br />Here are the cryptocurrencies available on Zebpay.<br /><div type="image" title="Zebpay" msid="74490930" hostid="261"></div>
<br />You can select from the available currencies, enter the amount and click on ‘Buy’.<br /><br /><strong>See also:<br /><br /><a href="https://www.businessinsider.in/cryptocurrency-trading-can-restart-in-india-after-top-court-removes-rbi-ban-calling-it-unconstitutional/articleshow/74470872.cms">Cryptocurrency trading can restart in India after top court removes RBI ban calling it 'unconstitutional'</a><br /><br /><a href="https://www.businessinsider.in/business/startups/news/crypto-community-in-india-is-rejoicing-exchanges-are-ready-to-reopen/articleshow/74472080.cms">Crypto community in India is rejoicing ⁠— exchanges are ready to reopen</a><br /><br /></strong><a href="https://www.businessinsider.in/business/news/indias-crypto-market-was-worth-12-9-billion-in-2017-before-it-incurred-the-rbis-wrath/articleshow/74474034.cms"><strong>India’s crypto market was worth $12.9 billion in 2017 before it incurred the RBI's wrath</strong></a><br />

How to open a cryptocurrency trading account in India

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>CEX</span></p></div><p></p></div></div></p><ul><li><strong>A number of cryptocurrency exchanges have temporally halted on-boarding of new users. </strong></li><li><strong>Crypto-exchanges are under pressure to keep up with the breakneck growth of the booming digital coin market. </strong></li></ul><p><br />Cryptocurrency exchanges are experiencing growing pains as the market for digital coins explodes.</p><p>Exchanges have struggled to keep up with the breakneck growth of the crypto-market and eye-popping volumes. Exchanges have halted trading, experienced outages, and crashed during periods of high volumes and demand. Part of that pressure has been driven by hundreds of thousands of new market entrants.</p><p>Now, at least three cryptocurrency exchanges - Bittrex, Bitfinex, and CEX.io - have stopped onboarding new users altogether.</p><p>"We have received an enormous number of new account registrations over the past few weeks," said an alert on Bittrex, a US-based exchange."Unfortunately, we have to make a few upgrades to our support and backend systems to handle the increased traffic and load."</p><p>Bittrex is the third largest exchange by volume, according to data provider <a href="https://coinmarketcap.com/exchanges/volume/24-hour/">CoinMarketCap.com</a>. </p><p>It's the same story for Hong Kong-based Bitfinex.</p><p>"Thank you for your interest in opening a Bitfinex account. However, due to extraordinary demand, new account creation has been temporarily paused," said an alert on Bitfinex. </p><p>Bitfinex said new account creation would be enabled by January 15. CEX.io, an exchange based in the United Kingdom, said the "enormous" amount of new users opening accounts on the exchange was making it difficult for the company to address a backlog of other technical issues on the site. </p><p>"Every day, an enormous number of users registers on our exchange, which we are extremely excited about," the company wrote in <a href="https://blog.cex.io/news/registration-on-hold-16870">a blog post dated December 21</a>. "At the same time, this has been putting additional pressure on our support and verification teams."</p><p>On the US-based exchange Kraken, it appears users can open a new account, but they cannot verify their account to buy and sell digital coins. This reporter was unable to verify his account when setting up a Kraken account, and other new users reported <a href="https://www.reddit.com/r/Bitcoin/comments/7matz9/kraken_get_verified_feature_disabled/">similar problems on Reddit</a>. A representative from Kraken did not respond immediately to a message seeking comment. </p><p><div class="KonaFilter image-container display-table center float_right"><div><div class="image on-image"><p class="source"><span>Kraken</span></p></div><p></p></div></div>Kraken chief executive officer Jesse Powell told Business Insider in November the firm was actively hiring new developers to build out its infrastructure to <a href="http://www.businessinsider.com/kraken-cryptocurrency-exchange-to-build-products-for-wall-streets-fastest-traders-2017-11">better handle record trading volumes</a>. </p><p>Global cryptocurrency markets are now <a href="http://www.businessinsider.com/daily-cryptocurrency-volumes-vs-stock-market-volumes-2017-12">seeing daily trading volumes similar to the New York Stock Exchange</a>.</p><p>Twenty-four-hour trade volume in the cryptocurrency market soared above $50 billion earlier in December, which is on par with trading activity on the New York Stock Exchange. The milestone illustrates just how hot the market has become in 2017. </p><p>Investors have flocked to the crypto-market to capture its eye-catching returns. <a href="http://markets.businessinsider.com/currencies/BTC-USD">Bitcoin</a>, the largest cryptocurrency by market capitalization, has grown by about 1,400% against the dollar in 2017. A boom in so-called initial coin offerings, an crypto twist on the initial public offering process, has created a raft of other digital assets for investors to speculate on. There are now more than 1,300 cryptocurrencies in circulation,<span> </span><a href="https://coinmarketcap.com/">according to CoinMarketCap.com</a>.</p><div><div><div><h2><span><strong><a href="https://t.co/WumVnuL8yj" target="_blank" rel="noopener">Subscribe to our Crypto Insider newsletter for the best of the blockchain every day.</a></strong></span></h2></div></div></div><p class="tagline">Get the latest Bitcoin price <a href="http://markets.businessinsider.com/currencies/BTC-USD">here.&gt;&gt;</a><br><br><div id="categorypromo" style="border:1px solid silver; min-height:90px; padding:10px;vertical-align:top;"><a href="http://read.bi/bitcoin-101-free"></a><strong>EXCLUSIVE FREE REPORT:</strong><br>The Bitcoin 101 Report by the BI Intelligence Research Team.<br><strong><a href="http://read.bi/bitcoin-101-free">Get the Report Now »</a></strong></br></br></div></br></br></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/paul-krugman-on-trump-the-fed-and-bitcoin-2017-12">We talked to Nobel Prize-winning economist Paul Krugman about tax reform, Trump, and bitcoin</a></h3>        <div>                    </div>    </div>

Some of the biggest crypto exchanges are shutting out new users because they can't keep up with demand

<p class="headline-regular financial-disclaimer">Our experts answer readers' investing questions and write unbiased product reviews (<a href="https://www.businessinsider.com/personal-finance/investing-rating-methodology" class="not-content-link" target="_blank">here's how we assess investing products</a>). Paid non-client promotion: In some cases, we receive a commission from <a href="https://www.businessinsider.com/personal-finance/our-partners" class="not-content-link" target="_blank">our partners</a>. Our opinions are always our own.</p><p><em>*Note: On October 24, 2023, BlockFi officially <a href="https://blockfi.com/blockfi-emerges-from-bankruptcy/">emerged from bankruptcy</a> after initially filing for Chapter 11 bankruptcy on November 28, 2022. The company is now accepting withdrawal requests through December 31, 2023. Current BlockFi account holders also have the option to participate in the platform's optional loan repayment program. The company has paused platform activity, so users can't invest at this time. </em></p><p><em>*Coinbase is currently under investigation by the SEC following charges in June 2022 for allegedly breaking security rules and operating as an unregistered securities offering through its staking-as-a-service program. In October, Coinbase <a href="https://www.reuters.com/legal/coinbase-asks-us-federal-judge-dismiss-secs-lawsuit-2023-08-04/" target="_blank" rel="noopener">filed motions to dismiss</a> the lawsuit but was denied. </em></p><p><strong>Bottom line:</strong> Both Coinbase - Product Name Only and BlockFi are cryptocurrency exchanges suited for intermediate and advanced crypto traders. But there's no competition in which platform stands out on top as BlockFi's platform remains paused following a bankruptcy filing in 2022. Investors who want access to a huge selection of cryptocurrencies, services, and advanced trading features are best off with Coinbase.</p><h2>BlockFi vs Coinbase: Which is Right for You?</h2><p>BlockFi - Product Name Only and Coinbase are both global cryptocurrency exchanges and wealth management platforms for individuals and institutions looking to trade and store crypto assets. While both platforms are big names in the crypto-trading market, BlockFi is not a recommended trading platform following its bankruptcy filing in 2022. </p><p>The good news is that BlockFi has officially emerged from bankruptcy only 11 months after its initial filing. The future looks promising for the exchange, but BlockFi isn't out of the water yet. Plus trading features are still paused, and new investors aren't allowed to sign up.</p><p>BlockFi now plans to recover assets previously owned by FTX and other bankrupt crypto exchanges, distribute assets back to existing BlockFi customers, and continue the claim reconciliation process. Existing users are now able to make withdrawal requests through December 31, 2023.</p><p>All that is to say that Coinbase is the overall better crypto exchange when comparing both platforms. Despite the current SEC investigation into the popular exchange, Coinbase is still one of the <a href="https://www.businessinsider.com/personal-finance/best-crypto-bitcoin-exchanges">best cryptocurrency exchanges</a> for individuals and institutions. </p><p>Coinbase is much more suitable for traders in search of a wider variety of <a href="https://www.businessinsider.com/personal-finance/what-is-cryptocurrency">cryptocurrencies</a>. It offers nearly 250 different assets, as well as several educational resources (including Coinbase learning rewards) for traders who want to learn more about cryptocurrencies.</p><h2>Is BlockFi Right for You?</h2><p>BlockFi - Product Name Only is a US-based crypto lender that has offered a variety of crypto services for individuals and institutions both in the US and abroad. These services include crypto trading, crypto-backed loans, and more.</p><table style="border-collapse: collapse; width: 100%; height: 287px;" border="1"><tbody><tr style="height: 22px;"><td style="width: 37.2078%; height: 22px;">Pros</td><td style="width: 37.7922%;">Cons</td></tr><tr style="height: 265px;"><td style="font-weight: normal; width: 37.2078%;"><ul><li>No minimum to set up account</li><li>Commission-free trades</li><li>Instant trades and recurring trades available</li></ul></td><td style="width: 37.7922%; height: 265px;"><ul><li>Platform activity is currently paused; new accounts are unavailable</li><li>Limited selection of cryptocurrencies</li><li>Platform filed for bankruptcy in November 2022</li><li>New York residents can't take advantage of interest perks</li><li>No longer offers a mobile trading app</li></ul></td></tr></tbody></table><h3>Who is BlockFi Best For?</h3><p>At the moment, BlockFi isn't a recommended platform for crypto investors as the platform is still frozen despite exiting bankruptcy on October 24, 2023. BlockFi is not currently allowing new investors to open accounts and existing BlockFi account holders only just got access to resume withdraws. </p><p>Crypto traders should consider alternative cryptocurrency exchanges or other <a href="https://www.businessinsider.com/personal-finance/what-are-the-best-investment-apps">best investment apps</a> if you're looking to trade stocks, bonds, and other assets.</p><h3>Ways to Invest With BlockFi</h3><p>Currently, you can't invest through BlockFi - Product Name Only as trading remains paused while the platform recovers from bankruptcy. Only existing BlockFi account holders and loan customers can access their BlockFi accounts to withdraw funds. The initial wave of asset recovery is expected to start in early 2024, as stated on the BlockFi website. </p><p>The following information reflects BlockFi's crypto offering and services before its initial bankruptcy filing on November 24, 2023. </p><p>BlockFi's selection was more limited compared to larger crypto exchanges. It offered 15 cryptocurrencies including bitcoin, ether, and litecoin. Its <a href="https://www.businessinsider.com/personal-finance/stablecoin">stablecoin</a> offering included US dollar stablecoin (USDC), tether (USDT), gemini dollar (GUSD), and paxos standard (PAX).</p><p>You could fund your BlockFi account with <a href="https://www.businessinsider.com/personal-finance/fiat-money">fiat money</a> or crypto transfers to skip out on transaction fees on all crypto exchanges (though you may incur a small spread fee of up to 1%). Plus, any crypto you would purchase immediately earned interest on the following day of the exchange.</p><p>The company's crypto-backed loans included interest rates as low as 4.5% for certain crypto assets as collateral for loans. This meant you wouldn't have to sell your cryptocurrencies in case of an emergency completely. BlockFi gave you the loan in USD, gemini dollar (GUSD), or US dollar stablecoin (USDC).</p><p>Institutions could also utilize a wide range of services through the BlockFi Prime institutional platform. These included over-the-counter (OTC) trading with 24/7 support, financing solutions ( this includes the lending of cryptocurrencies, US dollars, and stablecoins), corporate treasury solutions, and more. </p><p>BlockFi is no longer available on mobile.</p><p><a href="https://www.businessinsider.com/personal-finance/blockfi-investing-review">BlockFi review</a></p><h2>Is Coinbase Right for You?</h2><p>Coinbase - Product Name Only is a global cryptocurrency exchange serving millions of users. The platform caters both to individuals and institutions, and it offers a vast suite of services for both client types.</p><table style="border-collapse: collapse; width: 100%; height: 287px;" border="1"><tbody><tr style="height: 22px;"><td style="width: 37.2078%; height: 22px;">Pros</td><td style="width: 37.7922%;">Cons</td></tr><tr style="height: 265px;"><td style="font-weight: normal; width: 37.2078%;"><ul><li>Nearly 250 cryptocurrencies</li><li>Low account minimum</li><li>Can earn interest rewards from <a href="https://www.businessinsider.com/personal-finance/staking-crypto">staking-crypto</a> or completing courses on different crypto assets</li><li>Digital wallet storage, crypto-backed loans, educational resources, and multiple trading platforms</li></ul></td><td style="width: 37.7922%; height: 265px;"><ul><li>Lower balances cost more</li><li>Limited staking options</li><li>Under investigation by the SEC for allegedly breaking security rules and operating as an unregistered securities</li></ul></td></tr></tbody></table><h3>Who is Coinbase Best For?</h3><p>Coinbase is best for active individual investors and institutions who want to trade and store a wide range of cryptocurrencies all on the same platform. While the exchange doesn't offer copious staking options, it does offer flexible account options (including <a href="https://www.businessinsider.com/personal-finance/what-is-ira">IRAs</a> and custodial accounts), as well as margin trading. mobile access, and strong customer support. </p><p>Hands-off investors or crypto traders looking for more substantial staking reward opportunities may want to look elsewhere. Similarly, you want to consider a different crypto exchange if the current investigation by the SEC makes you uneasy about Coinbase. </p><h3>Ways to Invest With Coinbase</h3><p>Coinbase - Product Name Only exchange offers investors access to nearly 250 cryptocurrencies for trading for a Coinbase - Minimum Deposit minimum requirement. It also has an NFT trading platform and futures trading. There are two main account options:</p><ul><li><strong>Standard Coinbase account:</strong> Get you access to crypto trading, staking rewards, Coinbase learning rewards (an educational feature that pays you in crypto rewards for learning about different cryptocurrencies), and digital storage. </li><li><strong>Coinbase Advanced Trade:</strong> Get all the benefits of a standard Coinbase account plus access to order books, advanced charting tools, and trading APIs that let you use programmatic trading bots. You'll receive boosted staking rewards and additional security features. </li></ul><p>In response to the SEC's investigation alleging Coinbase of offering unregistered securities, Coinbase has paused staking reward features in the following four US states: California, New Jersey, South Carolina, and Wisconsin. Staking is still available for residents of Alabama, Illinois, Kentucky, Vermont, and Washington. </p><p>Some existing Coinbase users may have a Coinbase Pro account. Pro accounts are no longer available to new users as this account option is being phased out to be replaced with Coinbase Advanced Trade.</p><p>In addition, Coinbase offers a subscription service, Coinbase One, that allows for 24/7 customer support, premium market research, and fee-free trades on hundreds of assets. Coinbase One costs $29.99 per month and users are required to have a minimum of $100 in their accounts. </p><p>Coinbase also offers several products for institutions. These include the Coinbase Prime full-service prime brokerage trading platform, which gets businesses access to commerce services,  financing solutions, offline crypto storage, <a href="https://www.businessinsider.com/personal-finance/what-is-margin-trading-how-it-works">margin trading</a>, ventures fundraising for new crypto startups, and much more.</p><p>Coinbase is available on <a href="https://apps.apple.com/us/app/coinbase-buy-sell-bitcoin/id886427730" target="_blank" rel="noopener">iOS</a> and <a href="https://play.google.com/store/apps/details?id=com.coinbase.android&amp;hl=en_US&amp;gl=US" target="_blank" rel="noopener">Android</a> devices.</p><p><a href="https://www.businessinsider.com/personal-finance/coinbase-investing-review">Coinbase review</a></p><h2>BlockFi vs Coinbase: Which Should You Invest With?</h2><p>Coinbase - Product Name Only and BlockFi each offer crypto exchange services, crypto loan products, and card rewards. However, Coinbase has a much larger selection of cryptocurrencies, and it offers futures, NFTs, and multiple trading platforms for advanced traders. </p><p>Moreover, new investors aren't allowed to open an account with BlockFi as the platform recovers from bankruptcy. Existing BlockFi account holders are now able to start making withdrawals as the initial wave of distributions is set to begin starting early 2024. </p><p>If you want to trade assets besides crypto, <a href="https://www.businessinsider.com/personal-finance/nft-meaning">NFTs</a>, and futures — or want access to passive investing strategies such as managed accounts or robo-advisors — then Coinbase won't be the best platform for you. </p>

BlockFi vs. Coinbase: Which is better?

<a href="https://markets.businessinsider.com/stocks/ibkr-stock"></a><ul class="summary-list"><li><keyword id="341581" type="COMPANY" weightage="60" keywordseo="Interactive-Brokers">Interactive Brokers</keyword> CEO Thomas Peterffy says his company will offer <keyword id="2721952" type="PERSON" weightage="60" keywordseo="crypto">crypto</keyword> trading by the end of summer.</li><li>Interactive Brokers saw its revenue jump 67.9% year-over-year to $893 million in the first quarter.</li><li>The company is now set to compete with <keyword id="1972612" type="PERSON" weightage="60" keywordseo="Coinbase">Coinbase</keyword> Global, Binance, and others for a slice of crypto trading market share.</li></ul><p><a href="https://markets.businessinsider.com/stocks/ibkr-stock">Interactive Brokers</a> CEO Thomas Peterffy said his company will offer cryptocurrency trading by the end of the summer on Wednesday.</p><p>Speaking at Piper Sandler's Global Exchange &amp; FinTech Conference, Peterffy said, "customers certainly are asking for [crypto trading] and we expect to be ready to offer it to them by the end of the summer," CNBC <a href="https://www.cnbc.com/2021/06/09/interactive-brokers-will-offer-crypto-trading-by-the-end-of-the-summer.html">reported</a>.</p><p>Peterffy said that the greatest hurdle his company will face in starting cryptocurrency trading is keeping customers "100% safe."</p><p>"As for hurdles, the greatest hurdle is how do you keep you customers 100% safe. How do you make it 100% sure that no one will steal their coins in spite of the fact that they are untraceable? We will find out more about this when we open for business at the end of the summer," the CEO said.</p><p>As of the end of May, <a href="https://www.businessinsider.com/personal-finance/interactive-brokers-review">Interactive Brokers</a> had 1.39 million client accounts and $348.3 billion in client equity.</p><p>In the first quarter, the American multinational brokerage saw its revenue jump 67.9% year-over-year to $893 million.</p><p><a href="https://markets.businessinsider.com/stocks/coin-stock?utm_source=markets&amp;utm_medium=ingestgest">Coinbase Global</a> and Binance, the two <a href="https://coinmarketcap.com/rankings/exchanges/">largest crypto exchanges in the world</a> by volume, will be Interactive Brokers' main competition in the crypto trading space.</p><p>Raymond James analyst Patrick O'Shaughnessy recently tagged Coinbase with an "underperform" rating arguing the company lacks a moat to protect from competition.</p><p>"Over and over again history has shown that brokerages and exchanges see excess profits competed away unless there is a structural barrier to entry," O'Shaughnessy wrote in a note to clients.</p><p>Now, the analyst's predictions may be coming to fruition as companies like Interactive Brokers begin to enter the crypto <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>. </p>

Interactive Brokers will offer cryptocurrency trading by the end of the summer, report says

5 strategies to start day trading crypto

Table of Contents: Masthead Sticky<ul class="summary-list"><li>Cryptocurrencies are digital assets that can be transferred without third-party interference.</li><li id="recirc">There are generally three ways to buy crypto assets: crypto exchanges, brokerages, or payment services.</li><li>Order types greatly influence how much you'll pay for different cryptocurrencies.</li></ul><p><a href="https://www.businessinsider.com/what-is-cryptocurrency" target="_blank" rel="noopener">Cryptocurrencies</a> are digital assets that trade on a 24/7 global market. If you're thinking about adding cryptocurrencies like bitcoin, ether, or dogecoin to your investment portfolio, you have several options for doing so. </p><p>"<keyword id="11892695" type="UNKNOWN" weightage="60" keywordseo="cryptocurrency" source="Orion">Cryptocurrency</keyword> is a unit of measure. It is a digital token that can be transferred from one party to another, but not duplicated," explains Charles Allen, chief executive officer of <a href="https://www.btcs.com/" target="_blank" rel="noopener">BTCS, Inc</a>. </p><p>Unlike physical fiat currencies (e.g., the US Dollar), cryptocurrencies are decentralized, virtual currencies that are typically used to purchase goods or services. These assets utilize blockchain technology to ensure that transactions between each party are secure.</p><p>"If I own a bitcoin, I don't really own anything physical. I just own a key that allows me to move a record or a unit of measure from one person to another, without a trusted third party. And that's really all the cryptocurrency is. So if I own two bitcoins, I can move it from myself to someone else without a trusted third party in the middle. And that transaction would be verified by this decentralized network of computers from nodes and minors."</p><p>Here's how to buy cryptocurrency - along with an outline of where you can buy it and the different types of investment vehicles you can use for exposure to it.</p><h2>1. Choose a broker or cryptocurrency exchange </h2><p>If you're interested in buying and selling cryptocurrency, the first step is choosing a platform to do so. Generally, you can choose from a traditional broker or dedicated cryptocurrency exchange.</p><ul><li><strong>Traditional brokers: </strong>There are a few online brokers that offer ways to buy and sell cryptocurrency, in addition to other assets like <a href="https://www.businessinsider.com/what-is-stock" target="_blank" rel="noopener">stocks</a>, <a href="https://www.businessinsider.com/what-is-a-bond" target="_blank" rel="noopener">bonds</a>, and <a href="https://www.businessinsider.com/what-is-an-etf" target="_blank" rel="noopener">ETFs</a>. These platforms tend to offer lower trading costs but fewer crypto features.</li></ul><ul><li><strong>Cryptocurrency exchanges: </strong>You'll have many cryptocurrency exchanges to choose from, each with varying offerings of cryptocurrencies, wallet storage, interest-bearing account options, and more. Many exchanges charge asset-based fees.</li></ul><p>As you're comparing different platforms, it's wise to consider things like supported cryptocurrencies, security features, fees, storage and withdrawal options, and educational resources.</p><h3>Cryptocurrency exchanges</h3><p>A crypto exchange is a platform dedicated to buying and selling cryptocurrency. Each exchange has their own rules when it comes to the buying, selling, and trading of cryptocurrency. </p><p>The best exchange for you depends on your needs, but beginners should look for exchanges that offer simple web and mobile interfaces, educational resources, and readily available customer support.</p><p>Depending on the crypto exchange, you can trade one cryptocurrency for another, or exchange fiat money (like the US Dollar) for cryptocurrency, or vice versa. Prices are based on daily market rates. </p><p><strong>Quick tip:</strong> With crypto also comes stablecoins and <a href="https://www.businessinsider.com/nft-meaning" target="_blank" rel="noopener">non-fungible tokens (NFTs)</a>. Stablecoins are backed by fiat currencies like the US Dollar to stabilize their value (if it's backed by dollars, you can usually redeem one stablecoin for $1). NFTs, however, are unique, art-or-collectible-associated tokens that can't be exchanged for other tokens.</p><p>It should be noted that not every exchange offers every cryptocurrency. But here are several exchanges and brokerages that do:</p><table style="border-collapse: collapse; width: 100%;" border="1"><tbody><tr><td style="width: 50%;">Exchange/broker</td><td style="width: 50%;">Features</td></tr><tr><td style="width: 50%;"><a href="https://www.businessinsider.com/personal-finance/kraken-investing-review" target="_blank" rel="noopener">Kraken</a></td><td style="width: 50%;">Global support, 50+ cryptocurrencies, margin and futures trading, staking, and institutional services</td></tr><tr><td style="width: 50%;"><a href="https://www.businessinsider.com/personal-finance/etoro-investing-review" target="_blank" rel="noopener">eToro USA</a></td><td style="width: 50%;">15+ crypto assets, wallet storage, Copy Portfolios, video tutorials, and educational resources</td></tr><tr><td style="width: 50%;"><a href="https://www.businessinsider.com/personal-finance/binanceus-investing-review" target="_blank" rel="noopener">Binance.US</a></td><td style="width: 50%;">More than 50 cryptocurrencies, staking rewards, over-the-counter trading, and institutional services</td></tr><tr><td style="width: 50%;"><a href="https://www.businessinsider.com/personal-finance/sofi-invest-review" target="_blank" rel="noopener">SoFi</a></td><td style="width: 50%;">Commission-free stock and ETF trading, automated accounts, IRAs, and 20+ crypto assets</td></tr></tbody></table><h3>Brokerages</h3><p>Traditional online brokerages that offer cryptocurrencies are few, but more options are becoming available for crypto-oriented traders. </p><p>Online brokerages usually don't offer as many cryptocurrencies as crypto exchanges (nor do they provide interest-earning account perks like staking). If you're looking for a wider range of assets and account options, crypto exchanges might be a more beneficial option to consider.</p><p>So why should you choose a broker?</p><p>You should choose a broker if you're looking to trade a variety of asset types under the same roof. TradeStation offers cryptocurrencies in addition to its selection of stocks, ETFs, options, bonds, and mutual funds.</p><p><a href="https://www.businessinsider.com/is-robinhood-safe" target="_blank" rel="noopener">Robinhood</a> - another online brokerage - has a smaller investment selection, but you can trade cryptocurrencies commission-free. TradeStation, however, charges up to 0.30% for trades.</p><p>As mentioned above, more online brokerages are offering cryptocurrencies. Online brokerages are investment platforms that let you buy assets like stocks, bonds, ETFs, options, and mutual funds. Brokerages also offer accounts like IRAs, 529 college savings plans, and trusts.</p><h2>2. Fund your account</h2><p>After you've chosen a crypto exchange or online broker, you'll need to fund your account to begin trading. "Although it differs by platform, most crypto exchanges allow users to purchase crypto using fiat currencies such as the US Dollar or the Euro using their debit or credit cards," says Marie Tatibouet, chief marketing officer at <a href="https://www.gate.io/" target="_blank" rel="noopener">Gate.io</a>.</p><p>Tatibouet adds that you can usually either use Visa or Mastercard bank cards to make purchases. </p><p>However, <a href="https://www.businessinsider.com/buy-bitcoin-with-credit-card" target="_blank" rel="noopener">crypto purchases with credit cards</a> are especially risky and some exchanges, such as Coinbase, don't support them. Some credit card companies don't allow crypto transactions either. Cryptocurrencies are highly <a href="https://www.businessinsider.com/what-is-volatility" target="_blank" rel="noopener">volatile</a> assets, and it may not be the best idea to risk going into debt - or potentially paying high credit card transaction fees - for certain assets.</p><p>Another option platforms typically accept is ACH transfers and wire transfers, but the accepted payment methods and time it takes for deposits or withdrawals differs per platform (and not all exchanges accept credit cards).</p><p>Plus, the time it takes for deposits to settle varies for different payment methods. For instance, ACH transfers at Coinbase take three-to-five business days. However, debit card transfers are instant, but wire transfers can take one-to-three days.</p><p>Another thing to look out for is fees. You may run into deposit/withdrawal transaction fees in addition to trading fees. And the fees you pay for funding or withdrawing from your account typically depend on your payment method.</p><p>For instance, Coinbase charges a 3.99% fee for debit card transactions, and it charges $10 for wire transfers. ACH transfers, however, are free. </p><p>These fees vary per exchange, so you'll want to pay close attention to each platform's prices before you get started.</p><h2>3. Place an order</h2><p>You can usually place an order with the click of a button on your broker's or exchange's web or mobile platform. If you're planning to buy cryptocurrencies, you can do so by selecting "buy," choosing the order type, entering the amount of cryptocurrencies you'd like to purchase, and confirming the order. The same process applies to "sell" orders.</p><p>But when it comes to transactions, the type of order you select affects the price at which your order is executed. There are generally three types of orders: market orders, <a href="https://www.businessinsider.com/what-is-a-limit-order" target="_blank" rel="noopener">limit orders</a>, and <a href="https://www.businessinsider.com/stop-order" target="_blank" rel="noopener">stop orders</a>.</p><p>In general, you'll basically have all the order options available if you were buying any other asset. </p><p>"The three most popular order types used by global exchanges are spot, margin, and futures trading," says Tatibouet. Spot trading is when users place "buy" or "sell" orders on the open market to be filled as soon as the price hits their specific target.</p><p>"Margin trading is where users are able to trade in larger quantities than they can afford to by 'borrowing' funds from others, with many exchanges allowing a multiple of up to 20 times the trader's capital," says Tatibouet. "Finally, futures trading is when two parties agree on a specified price at a specified future date on any supported cryptocurrency."</p><h2>4. Select a storage method for your assets</h2><p>After you've purchased your cryptocurrency, you'll need to store it in a safe place to protect it from hacks or theft.</p><p>This is where cryptocurrency wallets come in. A crypto wallet is a physical device or online software used to securely store the private keys to your cryptocurrencies. Some exchanges offer built-in wallet services, making it easy for you to store directly though the platform. But all exchanges or brokers don't automatically provide wallet services for you.</p><p><strong>Quick tip:</strong> If your exchange doesn't offer a wallet, you may need to set up one with a personal wallet service. If your exchange doesn't offer a wallet, you may need to set up one with a personal wallet service. There are several different types of providers and may charge fees depending on if it's a hot or cold wallet. For example, cold wallets always generally charge fees, while hot wallets generally don't.</p><p>There are quite a few <a href="https://www.businessinsider.com/personal-finance/best-bitcoin-wallet" target="_blank" rel="noopener">wallet providers</a> to choose from, where you'll have the choice between two custody options: </p><ul><li><strong>Hot wallet storage:</strong> The phrase "hot wallet" describes a form of crypto storage that utilizes online software to protect the private keys to your assets.</li><li><strong>Cold wallet storage:</strong> Unlike hot wallets, cold wallets (also known as hardware wallets) rely on offline electronic devices to securely store your private keys.</li></ul><h2>Other ways to invest in crypto</h2><p>You'll also have multiple other options to choose from when it comes to buying crypto. In the past year, payment services like PayPal, Cash App, and Venmo all expanded their accepted payment options, allowing you to buy, sell, or hold cryptocurrencies like bitcoin.</p><p>In addition, you can throw your hat in the crypto ring by utilizing the following vehicles:</p><ul><li><strong>Bitcoin trusts:</strong> You can buy shares of bitcoin trusts with a regular brokerage account. These vehicles essentially give retail investors crypto access through the stock market. </li><li><strong>Bitcoin mutual funds: </strong>Though bitcoin ETFs are still under SEC speculation, two bitcoin mutual funds have launched: The Bitcoin Strategy ProFund (BTCFX) and the Cboe Vest Bitcoin Strategy Managed Volatility Fund (BTCVX). </li><li><strong>Blockchain stocks or ETFs: </strong>You can also indirectly invest in crypto through blockchain companies that specialize in the technology component of crypto and crypto transactions. Another option is to buy stocks or ETFs of companies that utilize blockchain technology.</li></ul><p>Overall, you'll have so many options for exposing your portfolio to crypto assets. The best option for you, however, depends on your goals and risk tolerance.</p><h2>Is crypto a good investment?</h2><p>Cryptocurrencies have many advantages. For one, you can buy them 24/7, so you won't be limited to trading during <a href="https://www.businessinsider.com/stock-market-hours" target="_blank" rel="noopener">set hours</a> like regular stock exchanges that open from 9:30 a.m. to 4 p.m. ET. Prices also regularly fluctuate by large percentages, opening the door for big returns if that price swing falls in your favor.</p><p>But this volatility is also what makes cryptocurrencies a <a href="https://www.businessinsider.com/what-is-speculation" target="_blank" rel="noopener">speculative</a> investment. In fact, even more passive crypto tactics like staking aren't completely immune to loss, nor are virtual assets absolutely invulnerable to cybersecurity threats. </p><p>Finally, many exchanges have geographic restrictions, meaning they don't serve residents in certain states because of regulatory reasons. Before you get started, you'll want to make sure your exchange is available in your region. </p><h2>The financial takeaway</h2><p>You'll have a number of options - such as crypto exchanges, online brokerages, and even payment services - when it comes to buying and selling cryptocurrencies. And in most cases, you can fund your account with credit or debit card deposits, ACH transfers, or wire transfers (though many exchanges also accept crypto deposits). </p><p>But it's important to choose the right place to buy your crypto. From online brokerages - like <a href="https://www.businessinsider.com/personal-finance/robinhood-investing-review" target="_blank" rel="noopener">Robinhood</a>, <a href="https://www.businessinsider.com/personal-finance/tradestation-review" target="_blank" rel="noopener">TradeStation</a>, and <a href="https://www.businessinsider.com/personal-finance/webull-investing-review" target="_blank" rel="noopener">Webull</a> - to crypto exchanges like <a href="https://www.businessinsider.com/personal-finance/coinbase-investing-review" target="_blank" rel="noopener">Coinbase</a> or <a href="https://www.businessinsider.com/personal-finance/gemini-review" target="_blank" rel="noopener">Gemini</a>, you'll have an array of avenues to utilize when purchasing crypto for the first time. </p><p>After you've set up and funded your crypto account, be sure to familiarize yourself with the different types of trading orders as these can influence the final price you'll pay for different assets. And although storage for crypto assets isn't mandatory, it can be useful in securing your holdings against cyber attacks or other threats.</p><a data-type="602bff0506adf848107b0559">What are the safest investments? 7 low-risk places to put your money - and what makes them so</a><a data-type="610ae71ab0b35f330c4d0734">Altcoins are the alternative digital currencies to bitcoin - here's what they are and how they work</a><a data-type="5fa43502e155cf25f6721a1d">What is diversification? A portfolio strategy that uses a variety of investments to limit risk</a><a data-type="600f72e1fdb68e08982d5365">A bitcoin IRA lets you profit from the cryptocurrency's potential gains in a tax-advantaged way</a>

Digital assets are becoming the new normal - here's how to buy cryptocurrency

<ul class="summary-list"><li>9% of US teens claim they've traded cryptocurrencies, according to a Piper Sandler survey.</li><li> 81% of those teens who trade <keyword id="2721952" type="PERSON" weightage="60" keywordseo="crypto">crypto</keyword> were males.</li><li>Most crypto exchanges require investors to be 18 or older to open an account.</li></ul><p>A small fraction of US teens have traded cryptocurrencies, according to a new survey from Piper Sandler. </p><p>In a recent study of 7,000 US teens, 9% claimed they had traded cryptocurrencies, while 81% of those surveyed were males. There was no further detail on which cryptocurrencies the teens have invested in, or whether teens were actively buying and selling crypto or simply holding. </p><p>Although the bitcoin's massive rally has spurred more retail interest into cryptocurrencies, teens are still putting their money to work elsewhere. According to the survey, teens' top spending priority is food, while the top payment method for teens was cash, followed by Apple Pay.</p><p>While there are no official age requirements to buy cryptocurrencies, most popular crypto exchanges including <keyword id="1972612" type="PERSON" weightage="60" keywordseo="Coinbase">Coinbase</keyword>, Binance, Gemini, and Kraken require investors to be 18 or older to open an account, which could be a barrier to further participation. </p><p>The survey results were from the latest Piper Sandler "Taking Stock With Teens" study, a semi-annual project that surveys teens with an average age of 16.1, with representation from 47 states. It was conducted from February 19 to March 24.</p>

You Searched For "how to open crypto trading account in india" and got 7 results

How to open a cryptocurrency trading account in India

Rounak Jain

Some of the biggest crypto exchanges are shutting out new users because they can't keep up with demand

Frank Chaparro

BlockFi vs. Coinbase: Which is better?

Rickie Houston,Tessa Campbell

Interactive Brokers will offer cryptocurrency trading by the end of the summer, report says

Will Daniel

5 strategies to start day trading crypto

Ryan Austin

Digital assets are becoming the new normal - here's how to buy cryptocurrency

Rickie Houston, CEPF

9% of US teens say they have traded cryptocurrencies - and 81% of those are male, a Piper Sandler survey finds

Emily Graffeo

Popular Keywords

Buying Guides