So we'll come back friends. You guys are trading in the stock markets. You guys are trading in the futures market. You guys are trading in the currency market or you guys are trading on the MCX Exchange. That means you are trading on the commodity's market.
But now guys, there are other opportunities of earning money, there are other exchanges. So in this video, I'll discuss about new openings on how you can earn money by trading in the cryptocurrencies.
Now guys, why I have not discussed this cryptocurrency trading with you previously?
This is because previously cryptocurrency trading in India was illegal and
few months back, the government has come up with that circular that nowadays the cryptocurrency
trading in India is not illegal. So guys, in this video, I'll show you how you can make extra money
and really extra money. Because Bitcoin trading, trading in the cryptocurrencies is really
a profitable business. So I'll show you how you can also start trading in the cryptocurrencies?
What are the pros? And what are the cons? And I'll show you how to start trading in the Bitcoin
in India. So guys, let me take you to a Moneycontrol write up where I'll show you
how Bitcoin trading is nowadays legal, whether Bitcoin trading is illegal in India, not, and
if it is legal, how much legal is it? So guys, let me take you over to the Moneycontrol write up.
So guys, this is the write up from Moneycontrol and you can see the headline is cryptocurrencies.
Even if legal invest only what you can afford to lose. That means
this is once again, very true in the stock market. So invest only what you can afford to lose.
So never invest something that you cannot afford to lose, never invest such money
that you require every now and then. So only invest your sub plus capital for some extra income
and this extra income can really be extra because if you can learn the cryptocurrency trading, well,
there are chances that you can make a hell lot of money.
So guys, I'll just show you the main points here. You can see
cryptocurrency is legal in India, not. So here, This is not an easy question to answer, to be
honest, the Indian government still, isn't very sure about how to deal with this new phenomena.
But you can see the Supreme Court of India reversed RBI's ban of 2018.
So nowadays cryptocurrency trading is not banned in India. So this is
legal. You can say this is semi legal, but the problem is that, that cryptocurrency trading
is not regulated. So that is the thing. You can see here. It is written that
cryptocurrency trading are not illegal in India, but are unregulated
as you guys know that if you are trading on the stock market, you are trading with some broker.
Suppose you are trading with Zerodha. You was trading with Upstox or something like that.
But these brokers are regulated. They're regulated by SEBI. But here in cryptocurrencies,
There are exchanges, I'll show you what are the exchanges. But the problem is that these exchanges
are not yet regulated. So you can start trading on Bitcoin, but only invest the amount that you can
afford to lose. Because as these exchanges are unregulated, if you lose money, if the broker
simply goes away with your money, you cannot go someone and you can make a complaint.
So that is the problem. You can make a complaint against a stock broker with SEBI. But here,
all the exchanges are unregulated and you cannot make a complaint. So that is the issue. But still
you can start trading on Bitcoin and why you'll start trading in Bitcoin? I'll show you that.
Now guys, let me show you the Bitcoin price now. So Bitcoin is the most traded cryptocurrency all
over the world. So that's why I'll just tell you about how to start trading in Bitcoin and
you can see guys the price of one Bitcoin equall to 32,76112.70 Indian rupees. So that is huge.
So guys, you can understand that Bitcoin is highly priced, but historically it was not highly priced.
So let me show you the maximum chart of Bitcoin. You can see on 2015, Bitcoin was
even below rupees 25,000 in India. On 27th November, 2015, it was coating at
23,899 rupees, and now it is 32,76112.70 rupee. So you can understand the power
at which the Bitcoin has multiplied. So you can see the chart, the Bitcoin is rising,
and this is the new era where you can start investing in cryptocurrencies. It is not yet still
late. So now Bitcoin is from 25,000 rupees. It is more than 32 lakhs, but still it is not late. You
can start trading on Bitcoin and you can make hell lot of money. So now how will you start trading
in the Bitcoins? So for that, I have written a blog post on my website, StockManiacs.net,
you can see, which are the best Bitcoin exchanges in India. So this is the title of the blog post
and don't worry, I'll give you the link of this blog post on this video description.
So from there, you can check how you can start trading on Bitcoin. Simply you need to open
account with a Bitcoin Exchange as in the stock market you need to open an account here also,
you need to open an account. So here you can see, I have given some faq on Bitcoin trading.
We have given frequently asked questions. Then we have given the definition of the Bitcoin Exchanges
and some famous Bitcoin Exchanges in India and we have actually jotted down four exchanges. Number
one is WazirX.in, If you are seeing the cricket on Sony live, you have seen the advertisement
of WazirX. So WazirX.in Is the number one Bitcoin Exchange. Then we have given other exchanges also.
So here you can see there is the link to visit the WazirX.in? And I'll also give you these links
in the video description. So from there also, you can go to
these exchanges, you can open an account and you can start trading in Bitcoin.
So after WazirX there are CoinDCX so you can once again read about CoinDCX over here.
So we have given some pros and cons. There is the link to go to CoinDCX.
So from here you can go to CoinDCX and you can open an account. Then there is Bitbns, we have
given details about Bitbns. We have given the link to go to Bitbns. So then there is Coinbase. So
I have written about Coinbase and also I have given the link to go to Coinbase.
So these four exchanges, all these four exchanges are good, but my suggestion is that if you want
to open an account really to start trading in Bitcoin. You can start trading with WazirX.
I don't worry, I'll give you link to all the Bitcoin Exchanges in this video description.
So from there you can go to these exchanges. You can open an account and you can start trading
in Bitcoin and guys, most of these exchanges are giving free Bitcoin with account opening. So here,
this is WazirX. Now I'll show you how to log in there. I'll not show you the demo of Wazirx
rather I'll show you how to log in there. First, you need to sign up as I have already
signed up. I'll just simply click on the log in option and here by email and password is there
and I'll click on login. So it will actually send an OTP to my mobile. Let me check the OTP.
Whether the OTP has come or not. Let me check the OTP. I have got an OTP.
So I have given the OTP. I'm clicking on authenticate and you can see,
I am logged to WazirX.in. You can see here, the chart of BTC (INR). This is one hour chart.
Let me make it one week. Let me once again, show you the power of Bitcoin.
So guys, you can see how the Bitcoin has increased in price. So you can see Bitcoin
was trading at around six lakhs rupees and now it is trading at 35 lakhs. So this is the power
of Bitcoin trading. So you can see it was went up more than above 50 lakhs. So now as it corrected.
It is now coating around 35 lakhs. Still, there are chances that you can make money
by investing on Bitcoin. You can trade in Bitcoin and why I'm suggesting using WazirX.
Because WazirX, the charts are very good. They are giving Tradingview charts and you can actually
trade just like you are trading on the stock market, like Zerodha, Upstox. You are trading
with the stock brokers. Similarly, you can start trading on Bitcoin, you can invest in Bitcoin.
But one thing you need to make sure that you know the rule that these brokers are unregulated.
So that is that the risk associated with Bitcoin trading. So guys later in a next video, I'll give
you more demo about the WazirX Exchange. Now in this video, I have just shown you, how to start
trading on Bitcoin and I have given you name of four Bitcoin Exchanges where you can open account.
So guys, if you have liked this video, just give me a thumbs up and also do not forget to share
this video with your friends and relatives and you can open account with all these exchanges.
Account opening is free. You just need to fund your account after you open account
and most of the exchanges are giving free Bitcoin with account opening. Now, guys,
I'll give you the link of this account opening with all the exchanges in the video description.
So from there you can go there and you can open account with them and guys,
if you are not yet subscribed to me in Youtube, do not forget to click the subscribe button and
also do not forget to hit the bell icon. Because I do come up with this kind of videos every week,
at least once or twice. So if you are subscribed to me, if you are subject to my alarts, so you
will get next video notifications immediately. So guys, you need to wait for my next video
till then happy trading in Bitcoin. Open an account with Bitcoin Exchanges. Start trading,
start earning money. I wish you lots of luck till I come up with the new video. Bye bye.
No comments:
Post a Comment