After the cryptocurrency trading ban in India was lifted earlier this year by the apex judiciary body, Supreme Court, the emerging digital assets industry in the region has been buzzing with activity. At the end of the two years hiatus, the old local cryptocurrency exchanges in India like ZebPay, CoinDCX, and BitBNS has resumed trading operations.
Leading global exchange Paybito recommenced their trading, and Binance took over WazirX to benefit from the newly liberated Indian crypto market. New local exchanges have been showing up in the horizon, global exchanges trying to penetrate the market through local collaborations or individual ventures. The trend launching new crypto assets and exchanges of Indian origin is also becoming increasingly popular, as per the market study.
Within just a few months, exchanges operating in the region have started experiencing trading volume surges displaying the potential of becoming one of the fastest-growing crypto industries in the world. The local traders have shown great interest in the crypto asset class, frequenting exchanges and participating in buy/sell activities just like stocks, bonds, and shares. You too can test the waters of the crypto world, and gain from the ongoing boom by opening a cryptocurrency trading account in one or more trading platforms.
How to Initiate Trade in a Cryptocurrency Exchange in India?
To initiate trading activities, first, you will need to create your cryptocurrency trading account in one or more of the exchanges in India. There are several digital assets trading platforms in the region (local and global), with their respective unique attributes. While ZebPay is the oldest of all, CoinDCX is known for its variety in crypto assets. Among global exchanges, PayBito leads in the region and is known to offer great asset prices.
Before, we begin trading and delve deeper into the world of crypto let’s first give you walkthrough of how to create a crypto trading account in exchange. For that, we have chosen the step-by-step process of signing up with PayBito.
Step 1: Download the PayBito app for iOS and Android. It is also available in the web version. We have chosen the web version to give you a demonstration.
Go to https://www.paybito.com/and select SIGN UP
Step 2: The sign up page for PayBito Pro will open, follow it up by entering all the necessary details for registration and SUBMIT.
Step 3: You will receive a request for OTP verification in your registered email address. Enter the OTP and compete the registration process.
Step 4: Once your registration is complete you will be redirected to the LOG IN page.
Step 5: Enter the LOG IN details and you will be directed to the PayBito KYC and profile creation page for registration completion. As mentioned in the picture below, you have to complete the KYC by submitting your Address Proof and ID Proof online, to initiate trading activities.
Step 6: After completion of the KYC, you will be able to access the dashboard and wallet and start trading.
PayBito has user-friendly interface that makes trading easy even for a first timer. Follow the steps mentioned above and start your crypto trading journey today.