Cryptocurrency that uses blockchain technology and is known to have varied uses and typically (Bitcoin) after even a significant correction post scaling all time high has been the best performer on a YTD basis among all assets and yielded 68% return and if we consider a time horizon of the last 1-year, the returns have been a phenomenal 387 percent.
Now though the global world has acknowledged the digital cryptocurrencies as an asset and is even considering it for payment, there is still reluctance for it in India. Nonetheless, with youngsters keenly interested to pocket in tremendous gain, we have seen new companies foraying into the area and providing cryptocurrency exchange platform. So, here we list some of the new entrants into the domain wherein you can approach for your bitcoin trading needs.
Founded in 2019, Cross Tower is a digital assets capital markets firm that has gone ahead to offer digital assets trading to both professional as well as institutional clientele. The company on Tuesday (September 7, 2021) launched its crypto trading platform in India.
Though the platform will be a new facility, it is an acclaimed player commanding 4th rank among 152 global exchanges by CryptoCompare- a company that leads in the authority of the global crypto data. The ranking has been suggested after taking into account asset and market quality, security, KYC, regulations, data and the team.
Introductory offer: To expand its base and also as a token of courtesy the company shall be providing its first 1000 customers with an opportunity to earn up to 500 on their first trade.
How to begin trading on Cross Tower crypto trading platform?
The new user would need to first create and get his credentials verified on the platform by visiting the India link. After you are done with KYC verification, for which proof of identity and proof of address are required, you can get on to access the 40 cryptos available for trading over the CrossTower platform in Indian Rupees.
This is a trading, lending Singapore-based crypto exchange that also offers its services in India. The company aims to treat its customers' cryptos as a separate asset class and offer services to ensure technologies based on blockchain are usable as of today. So, in all the crypto company aims to enable the core elements of banking for every crypto user, including store of value, capital growth, easy spending and as an exchange.
How to trade on Vauld?
Using VAULD app you need to first create your account, which will then need to be activated via the link sent on your registered email address.
Post this step, you would need to enter your credentials then again a one-time OTP will be received on your email and you can then begin your cryptocurrency investment journey in just 3 steps:
- Complete your KYC in just 2 minutes
- Deposit INR to Vauld
- Buy cryptos
Now the company has been increasing its crypto base available for trade and Dogecoin, SHIBA INU, Cardano are some of the latest additions to its 25 other newly listed tokens.
Cryptocurrency are a novel asset and millennials are resorting to them for making quick gains, while risks lies with the asset class, there is a risk at the hand of the crypto exchange, so you need to certain with its safety also.