This pandemic has made us realize that we can’t just depend on our jobs or businesses for income, we should do some investments as well that will give us returns. And when we talk about investment then nothing better than the stock market or nowadays the most famous cryptocurrency market. People are moving away from that traditional way of investing they are now exploring different zones. And that’s why the cryptocurrency is slowly moving towards mainstream investing ways.
For the last few months, cryptocurrency has been gaining the limelight for all right reasons. Be it the entry of big market players like Tesla in the market or every day making new all-time highs, cryptocurrencies are in news.
When someone hears the word cryptocurrency they understood bitcoins, but today there are many other cryptocurrencies as well which are giving competition to bitcoins. One of them is ethereum, which is the closest rival of bitcoin. Recently bitcoins has reached a new milestone that is its market capitalization has touched $1 trillion for the first time. Behind it is Ether with a market capitalization of $151.4 billion.
It has raised around 219% in price and 223% jump in market cap in just a few months. It is still far behind bitcoins in terms of price and market cap, but it is gaining popularity slowly. Ether is also used for making DeFi apps and other changes under changes in blockchain technology.
Buying ethereum is an easy task. This article will give you a step-by-step guide on how to buy Ethereum in India.
You can buy Ethereum from various exchanges such as CoinDCX, BitValve, etc. Buy ethereum in India using the following steps:
Step 1. Select an exchange in which you want to open an account then create a digital wallet. Digital Wallet is like a normal wallet in which you will hold your digital currency or cryptocurrencies.
Step 2. Register with the exchange and sign up. Then fill out all the details. Select the type of account Individual or corporate. Select your country and agree to their terms and conditions.
Step 3. For Indian accounts KYC is mandatory. For that, you will be needed your recent photograph, a picture of your Pan Card, and a mobile number that is linked with your Aadhar Card.
Step 4. You have to install an Authenticator app on your device. You will be asked to keep a six-digit one-time password and your email id and a permanent password.
Step 5. The last step is to add your bank details. Like bank name, bank account holder’s name, etc.
And your account is open now you can trade in any cryptocurrencies.
ETH in INR price
Ethereum is trading at $1813 USD which is down by around 8%. Over the weekend the cryptocurrency has reached a new all-time high of $2000. If we calculate Eth to INR price then it will cost around RS 1,35, 374. You must be thinking about how can a person buy it but don’t worry you don’t have to buy a minimum of 1 Ethereum, there is no minimum quantity you can even buy 0.001% of 1 ether as well.
Today 1 Ethereum equals RS 1,35, 374 in Indian rupees.