Cryptocurrency Facts-The New Fashion of Investment. Review on Tips on Cryptocurrency

Cryptocurrency has become the latest trend of investment. But what is it? I hope you all have heard of Bitcoin by now. Bitcoin is one and the most popular of many cryptocurrency out in the market.

These are digital codes in the form of currencies which are mined by several high end computing systems throughout the world. These currencies may be created by an open ended community or a company. It can be bought against fiat currencies all over the world.

Some of the highly popular cryptos are Bitcoin, Etherium, Litecoin, Ripple, Bitcoin Cash, Verge etc. The currencies other than Butcoin are called Altcoins.

A person holding Rs. 1000/- worth of Bitcoin a year back today worth few lakhs or even more. Isn't it great? Yes it is but there is always a downside for quick money earning. Sadly that is quick loosing.

These cryptocurrencies are highly volatile. So you need to study hard about the market sentiments , practical usage and background survey of these coins to gain a considerable amount of profit.

Another thing you need to keep in mind is never ever invest in cryptos more than you can afford to loose. But you may really give it a try. Who knows what is there in store for you ?

Which crypto should you buy? Is the price of Bitcoin going to increase or decrease? According to study price will definately increase since demand is still much higher than supply. But considering the price of 12 lacs it will increase in a much slower pace at least for next 10 years. So where should you invest? Ripple has shown really promising results in the last few weeks.

But only a couple of Indian exchange supports Ripple trading. But you may buy Ripple in lieu of your Bitcoins from foreign exchanges also.

These are the basic tips on cryptocurrency. Now I would like to give some insights on the various crypto exchanges in india.

Although before going further I would like to state that RBI has issued warning time and time against cryptocurrency usage. In India cryptocurrency is neither illegal nor legal. But still trade is going on full swing and people are investing. Basically government is saying that you will get no legal support if you are robbed but if you make a lot of money through cryptos then don't forget to pay your taxes.

Now let me focus on the various exchanges in India. I will throw some light on best three exchanges.

Number one in the list is Zebpay. It is one of the most trusted as well as one of the oldest crypto exchange in India. This is only App based exchange. And the interface is super easy and very much user friendly. They have quite standard bank charges for fund transfer. Charges for sending bitcoin to other addresses is also nominal compared to many other exchanges starting from around Rs. 100/- worth BTC. But you can only trade Bitcoin here and minimum amount of buying Bitcoin is Rs. 1000/- No other altcoin is available. Their security seems quite good. Their is a PIN lock feature and fund outgoing lock. Best thing is that if you change device or sim slots you have to relogin. You may use my promocode REF12431153 to get some free bitcoins after registering.

Next in mind is Unocoin. You may both trade in their app or website. They have one great facility like SIP in mutual funds for regular investment with a nominal amount of Rs. 50/- only. But you have to transfer minimum of Rs. 1000/- first to their wallet. This exchange is also trusted my many. Their bank charges are also nominal. This exchange only trade in Bitcoin and sending coins to other exchange are standard but fees may change dynamically subject to network congestion, amount of transfer etc. It seems good but I am not sure. If you don't log out then only the lock pin is required to access your account. In Referral Code please type U779618 along with any UNOCOIN Coupon Code like UNO200 etc. to get mutually benefitted and instant Paytm Cash.

The last but not the least one in my review is Koinex. This platform is relatively new. But one of the biggest advantage is that they support quite a few altcoin along with Bitcoin. The altcoins those are supported by them are Bitcoin Cash, Ripple, Litecoin, Ether. All of these cryptos have a promising future. Their bank charges are also nominal but sending Bitcoin to other address is around Rs. 1000/- worth of BTC which is fixed. This may sound a lot for little amount of transfer but for larger amounts its a boon. This exchange is quickly gaining a lot of popularity. But they have no proper app. Their trading site is best seen on a desktop or laptop. You may trade in Koinex with smartphone but it is not that convinient. Even you have to mandatorily use a desktop to KYC updation. One good thing is that they have recently 2F authentication by google authenticator. You may use my following referral link for opening an account in Koinex for our mutual benifit. Thankshttps: //koinex.in/? ref= 82e52aEven if you get registered and do nothing you will earn some value in your accounts if you use the referrals which will definately grow over time. Thats more like it ; -)

All of these exchanges will take your KYC and you may have to wait atleast one week or more to get them verified to start trading. Moreover you have to give your Bank details to get verified. You may send fund via RTGS/NEFT/ IMPS/TRF but remember to send fund from the same bank account which you have registered with the said exchange otherwise you may be penalised upto Rs. 2000/-.

The last thing which I definately want to warn you is that if you manage to have a considerable amount invested then you have to opt for other crypto storage options like cold storage etc.

Just think what if these exchanges gets hacked and their security gets jeopardised or if simple they close it down.

Wish you a Happy and Safe Crypto Journey.

Follow me look out for my next review on crypto storage.