Crypto Trading for Beginners In India: How to Start in India
Are you new to crypto trading and looking for a simple guide to get started? Don’t worry—you’ve come to the right place. In this article, we’ll explain what crypto trading is, whether it’s legal in India, and how you can start trading cryptocurrencies like Bitcoin and Ethereum with confidence. Let’s dive in!
What is Crypto Trading?
Crypto trading means buying and selling cryptocurrencies like Bitcoin, Ethereum, or others to make a profit from their changing prices. Unlike the stock market, the crypto market runs 24/7, so you can trade anytime, even at midnight!
Why is Crypto Trading So Popular?
Here’s why people are choosing crypto trading over traditional markets:
- Trade Anytime, Anywhere: The crypto market is open 24 hours a day, 7 days a week. No holidays, no restrictions.
- Start with Low Investment: You can begin trading with as little as ₹500.
- Leverage for Bigger Trades: Crypto platforms let you trade up to 100 times the money you have, increasing your profit potential.
- Fast-Paced Returns: Crypto markets move quickly, offering faster opportunities to earn.
Is Crypto Trading Legal in India?
Yes, crypto trading is legal in India. There’s no law banning it. However, cryptocurrencies are unregulated, so choose platforms that are registered and secure. For example, Delta Exchange is a platform registered with India’s Financial Intelligence Unit (FIU), ensuring safe and legal trading.
Do You Need to Pay Tax on Crypto Trading?
Yes, crypto trading profits are taxable in India. Here’s how it works:
- Direct Crypto Trading: If you buy and sell cryptocurrencies like Bitcoin or Ethereum, a 30% tax applies to your profits. Losses cannot be set off.
- Crypto Futures and Options: If you trade crypto futures or options (derivative contracts), the 30% tax does not apply. Instead, profits are taxed as regular income, which can save you money.
This is why many traders prefer futures and options trading in cryptocurrencies.
Stock Market vs. Crypto Market
| Feature | Stock Market | Crypto Market |
|---|---|---|
| Market Hours | Fixed (9:15 AM to 3:30 PM) | Open 24/7 |
| Leverage | Low | High (up to 100x) |
| Minimum Investment | Higher | Start with ₹500 or less |
| Volatility | Moderate | High (prices change fast) |
The 24/7 availability and lower entry cost make the crypto market a great option for beginners and part-time traders.
How to Start Crypto Trading For Beginners?
Here’s a step-by-step guide to get started:
- Choose a Reliable Platform: Use a secure and registered platform like Delta Exchange.
- Sign Up and Verify Your Account: Provide your PAN card, Aadhaar card, and a selfie for KYC verification.
- Add Funds to Your Account: Deposit money via UPI or bank transfer, which will be converted into USD for trading.
- Learn the Basics: Study charts, candlestick patterns, and market trends to make smart trading decisions.
- Start Small: Use a small amount and low leverage (5x to 10x) to minimize risk.
Why Choose Delta Exchange?
Delta Exchange is a trusted platform for crypto trading in India. Here’s why it’s a great choice:
- High Leverage: Trade up to 100x the money you have.
- No TDS on Trades: Save on taxes compared to direct crypto trading.
- Simple Interface: Ideal for beginners and experienced traders alike.
- Secure and Legal: Registered with India’s Financial Intelligence Unit (FIU).
Pro Tip: Sign up using a referral link to get discounts on trading fees!
Tips for Crypto Trading For Beginners
- Start Small: Trade with amounts you can afford to lose.
- Set a Stop-Loss: Always use stop-loss orders to limit your losses.
- Learn Before You Trade: Study basic trading strategies like support and resistance levels.
- Avoid High Leverage Initially: Stick to low leverage (e.g., 5x to 10x) until you gain experience.
- Stay Updated: Keep an eye on market news, as crypto prices are highly influenced by global events.
How much money do I need to start crypto trading?
Is crypto trading safe in India?
What is leverage in crypto trading?
Do I need to pay taxes on crypto trading?
Can I trade crypto while working full-time?
Final Thoughts
Crypto trading is a great way to explore new investment opportunities, but it also comes with risks. Start small, trade carefully, and choose a secure platform like Delta Exchange to begin your journey. With the right strategies and tools, you can confidently step into the world of cryptocurrencies.
Ready to start trading? Sign up on Delta Exchange today and take advantage of their beginner-friendly features and low fees.