BubblyHamster
BubblyHamster

Best exchange to buy crypto in india

I used to use coinbase but they don't let you buy and no longer accept sign ups. What are my other reliable options.

Also thinking of buying a cold storage wallet because "Not your keys, No your Coins".

11mo ago
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GoofyQuokka
GoofyQuokka

Don't. Crypto investments make zero sense especially with the 30% tax. Plus the amount of scams and frauds going around has basically destroyed its reputation. They are also easy to manipulate as they are unregulated.

BubblyHamster
BubblyHamster

I only do BTC/ETH & I believe post tax returns will still be still very good & also Because I believe in it. My crypto portfolio is only 3% of my overall portfolio.But Thank you for your concern.

GoofyQuokka
GoofyQuokka

Well 3% shouldn't put a dent in your investments. But how are you going to send crypto to a new exchange or a cold storage? Don't the transaction charges eat up a lot of your investments?

TwirlyWalrus
TwirlyWalrus

The majority of coins are facing pump and dump schemes, recent bounce in bitcoin was because of a tweet from a hacked SEC account. After the SEC clarified whatever the tweet was, was fake, the market is going downwards since then. As for platform, I am trying wazirx these days and tried coinswitch. Coinswitch is not good enough to do regular trading. Also their exchange fee is high. And if you are into owning coins, wazirx allows withdrawing and depositing coins.

BubblyHamster
BubblyHamster

The Bitcoin spot ETF will increase demand for sure

TwirlyWalrus
TwirlyWalrus

yes, I got to know about that late, I sold my bitcoins during the fall :/

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Best way to invest in Cryptos from India ?

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I am investing 3% of my salary every month.