India’s cryptocurrency market is on a rapid rise, projected to reach $6.5 billion by 2025. As first-time investors flood the space, smart investing now means more than just picking the right coin—it’s about making informed choices from the start.
From selecting a trusted crypto exchange and understanding KYC norms to navigating crypto tax rules and securing your assets in the right wallet, every step counts.
If you're new to crypto and asking questions like “How do I start investing in crypto in India?”, “Which crypto exchange should I use?” or “Where do I store my cryptocurrencies safely?” You’re in the right place. This blog is your all-in-one guide to building a secure, compliant, and successful crypto portfolio in India. Read on to know all the pieces of the puzzle to create a winning crypto investment story.
1. Choose a Reliable Crypto Exchange
At a time when crypto thefts, regulatory uncertainty, and fraud platforms are plaguing the global crypto space, choosing the right cryptocurrency becomes of paramount importance. Before you identify 100x potential cryptos in the upcoming bull run or the best meme coins to invest in, start your crypto journey by zeroing in on the optimal crypto exchange.
Here are some factors to consider while choosing the best crypto investment app:
- Absolute regulatory compliance and adherence to all applicable laws in India for crypto trading, investment, taxation and more.
- Low trading fees and on both the buy-side and sell-side of trades.
- Comprehensive customer due diligence and a thorough KYC process that prevents any fraudulent activities or accounts on the platform, thereby safeguarding the interest of all traders operating on the platform.
- Easy and simple user interface supported by a robust and safe technical framework, supporting the timely execution of trades and preventing crypto thefts and other security risks.
- A wide array of cryptocurrencies available for trade and investment across various genres such as gaming, AI, meme coins, payments, stablecoins and more.
- Continuous education and empowerment of investors through blogs, timely news pieces and more.
The interesting factor is; there is one app that has it all. Flitpay emerges as the best crypto app in India with 8+ years of legacy in Indian crypto space. Aside from the above important features, Flitpay’s other unique offerings and services include:
- A crypto interest-earning option wherein investors can earn a reward for staking their cryptos. If you are wondering how to stake crypto on Flitpay, there are fixed earning plans based on the duration and the respective crypto token.
- Comprehensive 24x7 direct customer support through various channels such as Telegram, e-mail and WhatsApp, upholding its customer-centric approach and offering timely assistance on all crypto-related matters.
- Flitpay offers one of the most competitive and cost-effective fee structures for cryptocurrency trading in India. The flat, uniform trading fee for both buying and selling, with all applicable organisational taxes included, is a transparent and affordable pricing model for traders.
- Flitpay does not impose any platform fees on cryptocurrency deposits or withdrawals, allowing users to seamlessly and cost-effectively transfer their crypto portfolios from other exchanges. This makes Flitpay the best crypto withdrawal app in the Indian crypto space.
- Instant INR withdrawals that let investors quickly transfer their crypto gains to a registered bank account. Note: crypto profits are subject to a 30% capital gains tax and 1% TDS. (Click here to learn more about Crypto Taxation in India)
For first-time and seasoned crypto investors, Flitpay’s one-in-a-kind offerings make it an ideal crypto trading and investment platform that is secure, compliant, cost-effective and easy to navigate.
2. Create an Account
To start your crypto investment journey in India using Flitpay, create your account and Signup using your e-mail address and a strong & safe password. These credentials will be your login details every time you access the Flitpay app or website. All the important updates on your trades and crypto wallet will be shared on the provided e-mail id, so make sure to key in details you can recollect. Your password must be at least 8 characters long, at least 1 number, 1 lowercase, 1 uppercase, and at least 1 special character from @#$%&.
Shortly after registration, Flitpay will send a verification email to the address you provided. Complete your registration using Flitpay’s two-factor authentication by clicking on the verification link in the email. This verification email is valid for only 15 minutes. If you do not verify within that time, log in to your Flitpay account again and click on the Resend Verification Email button.
Next up is the mobile verification, which involves entering your 10-digit Indian mobile number through which you want to activate your Flitpay account. You will receive an OTP via SMS to verify and activate your account, thereby completing the final part of Flitpay’s two-factor authentication.
3. Complete the KYC
To complete your KYC verification with Flitpay, select your country from the dropdown menu and click on the complete KYC option. You will be directed to a page to enter the following details and upload the required verification documents:
- Name
- Date of Birth
- Address
- Documents including Personal Account Number (PAN)
- Address Proof - Aadhaar Card/ Driving Licence/Passport
- Bank Account Details
4. Deposit Funds
Once you submit the above details, Flitpay will process and verify the details' accuracy, post which your Flitpay account will be activated and ready for trade.
Through Instant deposit services, investors can deposit INR into their Flitpay wallet from their registered bank account in a breeze and buy or invest in cryptocurrencies using INR.
5. Choose a Cryptocurrency to Invest in
Flitpay provides investors access to over 300+ cryptocurrencies across key sectors such as AI, gaming, meme coins, and more, offering exposure to assets that shape the global crypto landscape. With all these options available on a single platform, building a diversified crypto portfolio is as easy as building a stock portfolio in India.
6. Place the Order
Investors can easily choose their preferred cryptocurrency to invest and place the order from the Quick Buy/Sell or the Spot options available on the Flitpay website.
Simply select the cryptocurrency you wish to invest in and enter the volume you wish to purchase and place the order using the INR funds in your Flitpay trading account.
7. Store Your Crypto Safely
Investors can use their Flitpay wallets to store their crypto assets safely. What’s more, Flitpay charges zero fees on crypto deposits and withdrawals, allowing users to transfer their crypto portfolios from other platforms to Flitpay without incurring any additional costs. This ensures all your crypto holdings are on a single platform that is secure and consolidated.
8. Track Your Portfolio & Be Tax Compliant
Flitpay is a one-stop crypto trading platform for investors to create a winning crypto portfolio.
From understanding crypto taxation in India to staying in-tune with crypto regulations, Flitpay creates an ecosystem that makes it easy for investors to stay compliant with the laws of the land regarding cryptocurrencies.
Further, with various niche services like Crypto Cashback Rewards and Flitpay Referral Programs, investors have plenty of avenues to boost their crypto returns.
FAQs
1. Which is the best platform to buy and invest in Bitcoin and other crypto in India?
Flitpay is India’s best free-to-use cryptocurrency exchange offering a smooth and user-friendly experience for trading digital assets and handling INR deposits and withdrawals, without any hidden terms or conditions. With a secure, FIU-compliant infrastructure and a zero-fee KYC process, it’s the best platform for securely and instantly buying Bitcoin and other cryptocurrencies in India.
Now trusted by over 1 million users, Flitpay continues to grow, thanks to its reliable service and powerful trading tools such as Spot Trading, Spend & Earn, and Quick Buy/Sell. These features have helped position Flitpay as a rising star in India’s crypto landscape and a leading choice for cryptocurrency trading in the country.
2. Is it safe to invest in crypto in India?
Yes, cryptocurrencies are a safe, legal, and regulated investment option in India. The Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the Ministry of Finance oversee the trade of cryptocurrencies in India, safeguarding investors' interests.
The cryptocurrency space in India is rapidly developing and evolving. With the proposed Digital Currency Bill 2021 allowing CBDC (Central Bank Digital Currency) and rolling out a host of other legal frameworks to strengthen the cryptocurrency ecosystem, crypto investments in India are going to move in a positive direction.
Investors are encouraged to trade on FUI-compliant crypto exchanges such as Flitpay that offer a secure, simple, and regulated environment for crypto investors in India.
3. Is it legal to invest in Bitcoin and other crypto in India?
Yes, investing, owning, and trading in Bitcoin and other cryptocurrencies is entirely legal in India. The Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the Ministry of Finance regulate the trade of cryptocurrencies in India. However, cryptocurrencies are currently not accepted as legal tender in India. As a result, while individuals are permitted to buy, sell, and invest in crypto assets, they cannot use them for routine transactions or everyday purchases.
To safeguard your interest and investments, ensure to invest in Bitcoin and other cryptos in India through a reliable and FIU-compliant crypto exchange in India, such as Flitpay.
4. Can I invest Rs. 100 in Cryptocurrency?
Yes, investors can invest in cryptocurrencies for as little as Rs. 100. Just like investing in the stock market, there is no minimum amount for investing in cryptocurrencies.
Using Rs. 100, one can invest in a cryptocurrency of their choice through the Quick Buy/Sell option on the Flitpay website. All you need to do is select the cryptocurrency of your choice from the list of cryptocurrencies available on Flitpay, enter the INR value of your investment and execute the purchase. For example, if you wish to buy Ethereum (ETH) in INR on Flitpay, you can own 0.00065 ETH for INR 100 based on the current price of ETH (INR 1,54,496.18) at the time of writing.
