What Is A Simple Way To Start Investing In Crypto In India?

Last Updated:June 10, 2025, 11:41 IST

Cryptocurrencies have become a promising and popular investment option for Indian investors.

Crypto exchanges in India must register with FIU-India. (Representative Image)

Cryptocurrencies have rapidly gained popularity in India over the past few years, driven by the global shift toward digital finance. From Bitcoin and Ethereum to newer altcoins, many Indian investors, especially millennials, are exploring cryptocurrencies as an alternative asset class. Although the regulatory landscape remains uncertain, the growing awareness, media attention, and potential for high returns have led to increased interest across urban and semi-urban regions.

With the ease of digital platforms, investing in cryptocurrencies has become more accessible than ever before. As India embraces financial technology, cryptocurrencies continue to attract both first-time and seasoned investors looking to diversify their portfolios.

Types of Cryptocurrencies in India

In India, investors have access to a variety of cryptocurrencies through regulated exchanges.

– The most well-known is Bitcoin (BTC), often referred to as digital gold due to its limited supply and high value.

– Ethereum (ETH) is popular for its smart contract capabilities and wide range of applications.

– Other commonly traded coins include Ripple (XRP), Litecoin (LTC), and Cardano (ADA).

– Additionally, stablecoins like USDT (Tether) are gaining traction for their value stability.

While thousands of cryptocurrencies exist globally, most Indian investors focus on the top 10–20 coins for better liquidity, lower risk, and ease of access through domestic exchanges.

How to Start Investing in Cryptocurrencies in India

Starting your crypto investment journey in India is simpler than you might think. Here’s a step-by-step guide to help you get going:

Choose a Reliable Exchange: Start by selecting a registered and user-friendly crypto exchange. Popular platforms in India include Mudrex, CoinDCX, WazirX, ZebPay, and CoinSwitch. These exchanges allow you to buy, sell, and store crypto securely and often come with mobile apps for easy access.

Complete KYC Verification: To comply with Indian regulations, you’ll need to complete a basic Know Your Customer (KYC) process. Upload your PAN card, Aadhaar, and a selfie. Most verifications are approved within a few hours. It is important to note that all cryptocurrency exchanges operating in India must be registered with the Financial Intelligence Unit (FIU-India).

Fund Your Account: Once your KYC is complete, you can fund your exchange wallet using UPI, net banking, or IMPS. The process is instant and secure.

Start Small: For beginners, it’s wise to start with a small investment in top cryptocurrencies like Bitcoin or Ethereum. These coins are widely accepted and less volatile compared to smaller altcoins.

Use Wallets for Security: For long-term holding, consider transferring your crypto to a private wallet (hardware or software-based) for added security instead of keeping it on the exchange.

Stay Informed: Crypto markets are highly volatile. Stay updated through news sources, blogs, and alerts on your exchange app.

With minimal paperwork, user-friendly apps, and low starting costs, investing in crypto in India is now accessible to almost anyone with a smartphone and a bank account.

Business Desk

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A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…

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Delhi, India, India

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