Which cryptocurrency is best to invest now in India?

Here are some crypto recommendations for this festive season:

• Cosmos (ATOM) The Cosmos ecosystem has been rapidly evolving as an interoperable and independent blockchain.
• Bitcoin (BTC)
• Enjin Coin (ENJ)
• USD Coin (USDC)
• Solana (SOL)
• Pax Dollar (USDP)
• FTX Token (FTT)

What is the minimum amount to invest in Bitcoin in India?

Rs.100
In India, an investor can buy Bitcoin in Indian Rupees with a minimum capital of Rs. 100.

How much money do you need to invest in cryptocurrency?

You should invest in Bitcoin somewhere around 5\% to 30\% of your investment capital. I consider 5\% to be very safe and 30\% to be pretty risky. Personally, I sit most of the time between 15\% and 50\%.

How do I start buying crypto?

To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or Ethereum.

What are the most popular cryptocurrencies in India right now?

In the same time, Litecoin (LTC) moved up from ₹14,054 to ₹14,582, a change of 3.76\%, with a market cap of ₹867.4B. Ripple, or XRP, is another hugely popular token, with a market cap of ₹3.7T.

What are the best crypto tokens to buy in India?

Bitcoin is the oldest and most well-known crypto token that you can buy, and in the last 24-hours, its value has changed by 1.56\%. It was priced at ₹37,91,824, according to CoinSwitch, and is now at ₹38,50,857. Bitcoin’s market cap is now ₹69.7T.

What are the tax implications of investing in cryptocurrency in India?

For instance, if you buy an altcoin worth Rs. 10 and you spend it when it’s Rs 100, you may need to pay a fleeting capital gains tax of 20\% or Rs 20. This means you will have to keep detailed records of your crypto expenditures and then keep some money aside so that you pay tax at the finish of the financial year.

What is the current price of bitcoin in India?

It was priced at ₹36,15,200, according to CoinSwitch, and is now at ₹35,94,996. Bitcoin’s market cap is now ₹63.2T.