How to invest in Bitcoin in India? Best app for Bitcoin trading in India 2022

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Experts believe that Bitcoin has a strong potential to grow ten folds in the future. Thus, now is the right time to search for how to invest in bitcoin in India.

Nowadays, Cryptocurrencies are the talk of the town, and for all good reasons. Ever since its emergence, Cryptocurrencies such as Bitcoin have only mostly seen growth. An example of this is the fact that from 2013 to 2021, the value of Bitcoin has grown by a staggering 30,000 percent. This rapid rise in its value has people searching for ways how to invest in Bitcoin in India and looking for the best app for bitcoin trading in India.

Introduced in the digital financial markets a decade ago, Bitcoin has evolved to become one of the most widely accepted types of Cryptocurrency globally. Bitcoin uses blockchain technology. Each piece consists of specific information that is verified and cannot be rewritten or altered. Thanks to the high rates of returns, increased transparency, and effortless processes, Indians are turning towards investing in Bitcoin.

Following are the reasons why financial experts believe investment in Bitcoin to be worth it;

⭐ Great Store of Value

According to experts, Bitcoin has the potential to level with the value of gold. Many analysts across the globe have noted that Bitcoin controls twenty percent of the market for stores of value. This percentage is predicted to grow in the upcoming years.

⭐ Potential for High Returns

The primary reason behind Bitcoin's popularity is the high rate of return. One look at Bitcoin's price charts available on the best app for Bitcoin trading in India will show you the tremendous rate of returns that this Cryptocurrency has yielded over the decade. For instance, between 2020 and 2021, the BTC experienced incredible growth of thirteen hundred and fifty-one percent. The high rate of returns makes now the best time to learn how to invest in Bitcoin in India.

⭐ Diversification Benefits

If your goal is to increase diversification, Bitcoin will make a remarkable addition to your portfolio. Suisse Gold, in an article related to Cryptocurrency, noted an inconsistency to a great degree between the returns made from S&P 500 and those generated from crypto trading. 

Methods of investing Bitcoin In India

In India, there are numerous ways through which investors can invest their capital in Bitcoin. Here are a few popular methods of investment in Bitcoin;

1. Crypto Exchange

The Cryptocurrency exchange is one of the most popular methods of Cryptocurrency trading. It is a platform that assists investors in purchasing and selling digital assets. The crypto exchanges work somewhat similarly to the Stock Exchanges. The only difference is that the latter is self-regulated and is functional throughout the year.

An investor can purchase or sell fractional shares of their digital assets like Bitcoins through the crypto exchange or the best app for Bitcoin trading in India, like Mitrade. In India, a majority of these exchanges offer low capital requirements and charge a very small fee for the procession of transactions.

2. Bitcoin Mining

Unlike exchanges where Bitcoins are either bought or sold, mining is a method where people can earn Bitcoins. If you are a beginner and confused about how to invest in Bitcoins in India, mining is ideal for you. The process of mining requires the user to add a block of transactions to the network of blockchains. In return, the miner earns the reward of new Bitcoins every 10 minutes.

3. Bitcoin CFD Trading

Contract for Difference or CFD is a method that allows the investors to invest or trade their assets by forming a contract between the broker and themselves. CDF trading of Bitcoins is contrary to traditional trading via exchanges. The reason is that it does not open a position for buying or selling Bitcoins in the market. The advantages offered by CFD trading of Bitcoins outweigh the benefits that direct trading provides, for instance, the ability to leverage trades, access to the international markets, and short positions for assets.

Bitcoin CFDs provide a great opportunity for investors to generate profits efficiently without utilizing much of their money by betting on the future movements of Bitcoins. Nonetheless, just like the conventional CFD trading in the stock exchanges, the presence of risk is there. It is mainly because since Bitcoin CFD trading doesn't require you to invest much of your capital, you become liable to compensate for the losses to the party/parties in the contract.

Similar to traditional CFD trading, Bitcoin CFD enables traders to leverage fluctuations in the digital asset markets. With CFD trading available, you need not worry about how to invest in Bitcoins in India.

Bitcoin CFD, unlike direct trading, does not work through platforms but instead through a trader's predicted value of the currency. In the Contract for Difference, the trader puts down a fraction of the asset's value as collateral. Then, it can be traded in pairs. In India, the popular pairs for BTC/Currency trading are BTC/USD and BTC/ETH. However, regardless of the limited pairs for trading, the profit potential is still high.

Trading Bitcoins through CFDs is one of the most successful and effective modes of investment in Bitcoins because they have a high potential to generate profits without the need for a high amount of capital investment. If you are new to Bitcoin trading and investment, CFDs are an ideal opportunity to get a grasp on Bitcoin investment and produce profits.

Furthermore, this puts an end to the worries of newbies on how to invest in Bitcoins in India. The freedom to choose which assets you trade with allows for more control and insight into which CFD trading strategies work best. This way, there's a strong possibility you'll be able to make a profit.

The volatility of Bitcoins, like all Cryptocurrency assets, increases the chances of generating high profits in less time. These short-term trades in Bitcoin CFDs insinuate that limited dependency on a crypto asset's ability to do well in the longer run. What this means is that if you succeed in your trades, the chances for you become high to make a profit from these Bitcoin trades before the price of the asset plummets again.

It's now easier than ever to buy, sell, and swap Bitcoins, thanks to the best app for crypto trading in India.

While Bitcoin is a great investment opportunity, it is crucial to learn how to invest in Bitcoin in India. Bitcoin trading has resulted in a breakthrough in the finance industry, offering limitless possibilities to traders and investors. However, to make the most of this new opportunity, you must have the appropriate tools at your disposal. Bitcoin trading platforms are one of the most important of these instruments. Today, we'll look at the top six crypto trading apps accessible in India, as well as a brief description of each one.

WazirX

WazirX is a Bitcoin trading platform that allows traders and investors to track, trace, and analyze digital assets. WazirX is one of the most popular crypto trading apps in India, with over twelve million users. It not only provides a platform to trade your Bitcoins but also offers a set of tools that can assist traders with Cryptocurrencies. The application is available for free and can be downloaded by anyone; and includes a variety of features to help traders manage their portfolio, automated trading, and perform analysis.

The charges imposed on the trade value for each Bitcoin trade amount to 0.20 percent.  They offer the users single-window access to the world's most liquid marketplaces, allowing users to trade Bitcoins with ease. With WazirX, you can understand the process of how to invest in Bitcoin in India.

CoinSwitch Kuber

It is one of the best apps for Bitcoin trading in India. Platform. Since its inception in 2017, it has served millions of lakhs of traders.  To make crypto trading more accessible to the general public. It is one of the top crypto trading platforms because of its partnership with some of the most popular crypto exchanges. Since its launch, it has completed over $4 billion in Cryptocurrency transactions.

As they announce in their mission statement, their fundamental aim is to disrupt the status quo. They plan to do so by providing every person with the access to earn smartly, regardless of their educational background. The application has obligatory Know Your Customer requirements, which give an added level of security to your purchases.

Unocoin

Unocoin is India's first Bitcoin platform. It was founded in 2013 and has since executed approximately twelve million transactions. It offers low gas fees as well as dynamic pricing for extensive volume trading. It also lets the trader use its trading API to execute the trader's transactions by creating bots that use real-time market updates. This gives the trader a competitive advantage over other traders.

Unocoin has played an essential role in not just promoting Bitcoin trading but also in the struggle for the flexibility of trading rules in India, which makes it one of the best app for Bitcoin trading in India.

ZebPay

ZebPay is a 2014-launched Bitcoin trading application for users in India. It claims to have completed over $11 billion in transaction volumes since its inception. With over 5 million customers serviced since its debut in India, the team has demonstrated a dedication to introducing Bitcoin to the public. ZebPay prioritizes security and stores ninety-eight percent of all registered tokens in hardware/cold wallets rather than online servers. This high level of security together with stringent internal controls guarantees that the traders' assets are safeguarded in the event of a disaster.

Investors can earn a passive five percent return on their investment with ZebPay EARN. Additionally, owners of Bitcoins can loan their Cryptocurrencies to other traders and gain a ten percent interest with this platform.

CoinDCX

CoinDCX was founded in 2018 and has rapidly grown to become one of the best apps for Bitcoin trading in India. It is one of the most popular Bitcoin trading platforms in India, with over ten million members.

CoinDCX promises to conduct ongoing security audits to upgrade its current security procedures and maintain the highest levels of security. It has a gradated system for calculating gas fees, starting at 0.2 percent and going up to 0.020 percent.  It makes use of COMEX as a platform, giving CoinDCX traders access to a third of the worldwide crypto liquidity.

⭐ Mitrade

Amongst the other Bitcoin trading platforms, Mitrade has secured the position of becoming one of the most trusted trading applications. Facilitated with an intuitive interface, it offers traders the opportunity to trade anytime without worrying about the security of their transactions and assets. It leverages the latest web and cloud technologies and includes charts and indicators. This allows traders to keep up with the crypto market trends and make their bids and investments accordingly. The platform is also facilitated with a free risk management tool and one-stop account management, allowing powerful functionality and integration of market information and risk management. The Mitrade application allows new and seasoned traders to step into the crypto world and have a seamless experience with its user-friendly interface, easy three-step registration process, and access to 400+ financial markets.

Bitcoin has redefined the term asset and has birthed a whole new generation of investors whose views on 'assets' are different than the traditional capitalists, and for all the right reasons. The plummet of financial markets during various natural and man-made catastrophes - wars, pandemics, endemics, political turmoil - have time and again proved the risks associated with an investment in tangible property.

The key to successfully trading Bitcoins and effectively generating profits is to find the best app for Bitcoin trading in India. Given the scenario of the crypto market in India, learning how to invest in Bitcoin in India can help you generate high profits in short periods smartly.

You can try to use a demo account for Bitcoin cfd trading practice without any risks.

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