Augustus
Augustus

Best way to invest in Cryptos from India ?

Time to invest in Cryptos is coming in next 3-5 months as we go near to Bitcoin Halfing. Wanted to ask these questions from the operational standpoint.

  1. Indian exchanges have a lot less liquidity and so not safe enough for us. So what do you guys use ?

  2. Too much money getting deducted ( almost 17%) while buying USDT by using Binance P2P? How do you guys transact ?

What to know how are some of you crypto bros seriously investing from India.

14mo ago
LooseGoose
LooseGoose

Don't keep money on exchanges. Use hardware wallet.

You can try to get p2p OTC trades. There are traders, groups and market makers you can approach. Only go for trusted ones though.

There's also onramp that allows UPI purchases.

Augustus
Augustus

Is onramp safe ? I saw many promoted videos. But I am not too sure about it

LooseGoose
LooseGoose

You can experiment with small amounts, but no exchange is really safe. Be it Dex or cex. Hardware wallet is the way to go for custody.

CodingSherlock
CodingSherlock

Crypto is ded

LooseGoose
LooseGoose

Said everyone every year since 2012 lol. You must be new here.

17% is getting deducted while buying USDT at Binance? How?

Augustus
Augustus

I bought 100rs worth USDT and the deposited value of USDT in app is 0.99$

I thought USDT to INR was a 0 fee trading pair, are you sure it wasn't just price fluctuation? I sell USDT for INR quite often, always get 100% of the paid value

Gambler1
Gambler1
Crypto14mo

Buy on dex keep it in hot wallets Just buy on binance and stake it

Ajmonk96
Ajmonk96

I did it for zero p2p is free dude

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