Ethereum in India has become popular and is gaining a lot of attention from the general public.
Each day thousands of people are creating a cryptocurrency wallet and are beginning their journey with this amazing blockchain based platform called Ethereum.
There are hundreds of people who have made huge profits by trading in Ethereum.
And there are thousands of people who have invested in Ethereum for a long term.
Not only in India, but the cryptocurrency of Ethereum has become extremely popular overseas revolutionizing the world of information technology.
Some people might not know this, but Ethereum is not just a cryptocurrency.
It is way more than what you guys think it is, let me explain it in a few sentences regarding what Ethereum is, and what is Ether. And after that, I shall proceed on the topic of how to buy, sell and trade Ethereum in India.
What is Ethereum?
Ethereum is a decentralized blockchain based platform for writing smart contracts.
With the help of Ethereum, you can create software, applications and also run it on a cloud.
All of this can be done by writing a smart contract on Ethereum, this is equal to assigning tasks to random talented people inside the Ethereum community. And only once your task is completed your Ether (cryptocurrency) is transferred to them.
What is Ether?
A token name is the name of any respective cryptocurrency.
Every cryptocurrency has its own token name.
And Ether is the token name (cryptocurrency) of Ethereum.
How to buy, sell, invest and trade Ethereum in India.
If you want to buy, sell and trade Ethereum in India, you’ll require a cryptocurrency wallet which allows you to do it.
Even if you want to exchange Bitcoin to Ethereum, you’ll require a cryptocurrency wallet.
Because without a wallet, you cannot buy, sell, trade or store your cryptocurrency.
So, I’ll list 2 Indian cryptocurrency wallets, with which you can easily carry out any task which is associated with Ethereum.
Just signup in any of these wallets and in the dashboard you’ll see options to buy, sell and exchange the cryptocurrency.
ethexindia is one of the first Indian cryptocurrency wallets. With thousands of users and with thousands of cryptocurrency exchanges taking place each day. This wallet has become one of the trusted cryptocurrency wallet in India.
The user-interface of this wallet is easy to understand and you’ll have no problem of any kind with it.
Also, speaking of security measures. This wallet tries to prevent all fraud and hacking activities.
In order to create a wallet using ethexindia. just follow the below instructions.
- Visit ethexindia.
- Fill out the required details such as your name, Email address, mobile number, account type and signup (if you cannot find a form, then navigate to wallets, you’ll find it there).
- Once you click on sign up button, you’ll then have to verify your email address.
- On your wallet dashboard, you’ll see various options to buy, sell and trade Ethereum. Choose the one you’d want to do and enjoy Ethereum.
koinex is new in the cryptocurrency market, But is no different from ethexindia.
With just being online for few months, koinex managed to get thousands of users and helped them exchange cryptocurrency in India.
Many of the cryptocurrency folks in India love koinex.
And this wallet is said to be trusted by thousands of users and koinex fans.
The user-interface of this wallet is simple and neat. You’ll have no problems in navigating and making any transactions in your wallet.
There are a few security procedures implemented to keep your cryptocurrency safe in your wallet, and this becomes a plus factor for users.
Follow the below steps to create a wallet using koinex.
- Visit koinex and navigate to signup.
- Fill out the details such as, your name, Email address, password and phone number.
- Once you enter your phone number click on send OTP.
- Now type the OTP you’ve received on your phone and click submit.
- To proceed further you have to verify your Email address.
- Once you verify your Email address, you’ll have to fill in your KYC details and upload a few relevant documents on the profile page.
That’s it, by completing these steps, you will get access to your cryptocurrency dashboard.
From your wallet, buying selling and trading with Ethereum is as easy as purchasing some goods on an e-commerce website.
Below are some links to various cryptocurrency wallets you might like. Once you buy Ethereum, you can store them in the below wallets as well.
- Multi currency wallet for all cryptocurrencies.
- Cryptocurrency hardware wallet.
- Ethereum wallet for Android.
- Ethereum wallet for iOS.
Both the wallets ethexindia and koinex are equally good.
Both the wallets have decent user-interface and proper security measures implemented.
Right now these are the only two wallets if you want to buy Ethereum in India.
You can choose any one among these both and do all the things such as buying, selling and trading Ethereum in India.
If you wish to know more about anything related Ethereum, then feel free to let me know.