According to recent reports, people traded cryptocurrencies fiercely in India during the Corona lockdown. This is true also. Cryptocurrency is no longer a strange concept for people. People’s interest in investing in this is at its peak.
Moreover, after the removal of the crypto ban imposed by RBI in 2018, now traders are not hesitant to participate in the cryptocurrency market.
At present the number of Indians investing in cryptocurrencies is close to 55 lakhs and it is increasing every day.
Former Finance Secretary of the country Subhash Chandra Garg also acknowledged this in a recent webinar. Therefore, now the discussion of regulating crypto assets as a commodity has also started.
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If you also have a desire to be a part of this rapidly growing crypto community, then you should start by buying some cryptocurrencies now.
Where and how to buy your favorite cryptocurrency?
WazirX offers an easy and intuitive way to buy cryptocurrencies in India, giving you the option to choose from a range of cryptocurrencies.
First of all, you need to open an account on this platform. For this, you will need a valid ID proof, through which the mandatory KYC process will be completed. Also, you will have to provide your bank account details for the transaction.
It takes a few hours to verify your given information, after which your account is opened.
You can buy any cryptocurrency of your choice directly using the amount deposited in your bank account.
Why should you buy cryptocurrency from WazirX?
Acquisition by Binance
In November 2019, WazirX was bought by Binance (Binance), the world’s largest cryptocurrency exchange.
This deal made WazirX the international exchange of the cryptocurrency world. This means that now crypto traders and investors from all over the world can use WazirX’s digital asset platform.
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maximum protection
WazirX is the safest exchange in India. It is investing in regular security audits to provide a safe trading platform in India.
Transaction speed
WazirX’s system can handle millions of flat-to-crypto, crypto-to-flat and crypto-to-crypto transactions. Their infrastructure is capable of scaling up its capacity in a matter of seconds to meet the growing demand.
user-friendly design
The trending speed of cryptocurrencies on the WazirX platform is very fast, which gives a great user experience. Its creators have already developed such technology, which is being used by millions of people around the world. This experience has helped WazirX to become a well-featured and efficient crypto exchange.
Blockchain Expert Team
With WazirX is a team of pure traders and passionate blockchain experts. He understands very well what crypto needs. WazirX has had great graphs, mobile apps since its inception.
Available on 5 platforms
WazirX delivers a great and seamless crypto trading experience across all platforms. It is available on web, Android, iOS, Windows and Mac app platforms.
Chance to get WazirX Token (WRX)
WazirX Token or WRX is WazirX’s own cryptocurrency. You can get rewards in WRX by buying WRX or trading crypto.
Apart from this, WRX can also prove useful in future for fee waiver, margin fee payment or other tasks.
A great referral program
You can earn as much as you want through WazirX’s trade commission program. You can refer your friends and get 50% commission on every trade they make. All commission will be credited to your account within 24 hours.
Well now you know how to buy crypto. But buying is not the only important thing. You should also know that what is the future of crypto in India and all over the world.
The future of cryptocurrencies in India and the world
India is emerging as an important player in the global cryptocurrency world. India has the potential to contribute up to $12.9 billion to the international digital currency market.
According to a report by Deutsche Bank, the population of working people in India will increase by 2030.
This means that working people in the country will increasingly adopt cryptocurrencies as cryptocurrencies go mainstream.
Apart from this, some studies also say that in the coming time some countries may also start supporting cryptocurrencies.
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With the increase in the number of retail consumers using cryptocurrencies, the download numbers of blockchain wallets will also increase. This rate can also increase with the increase in the number of Internet users.
If the current trend continues, the number of users using blockchain wallets could increase to 200 million by 2030, reaching 350 million by 2035.
Not only this, Bloomberg’s Crypto Outlook released in June 2020 said that the market valuation of stable coins like Tether (USDT) could see a huge jump in the coming times.
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