Hey everyone! I’m a college student looking to dip my toes into the crypto world. I can set aside about 1000 rupees each month for investing. I know crypto can be a good investment, but I’m not sure where to start.
I’ve got a few questions:
How do I avoid buying at the wrong time? I’ve heard it’s not smart to buy after a price pump.
What should I look for when choosing which cryptocurrencies to invest in?
With so many options out there, which ones are worth considering for a beginner?
Are there any reliable platforms in India for buying and selling crypto? I’ve heard about Coinswitch and Coindcx, but are there others?
Any tips or advice would be really helpful! Thanks in advance!
Starting with crypto investing as a student is commendable. With your budget, consider allocating funds across a few established cryptocurrencies like Bitcoin and Ethereum. Avoid the temptation to time the market; instead, focus on regular, small investments. Research is crucial – look for projects with strong fundamentals and real-world use cases. As for platforms, WazirX and CoinDCX are reliable options in India. Remember to secure your investments with a hardware wallet if possible. Lastly, stay informed about regulatory changes in India regarding crypto, as they can impact your investment strategy.
hey jade, fellow student here! started my crypto journey last yr. my advice: start small w/ bitcoin or ethereum. use reputable exchanges like wazirx or zebpay. dont chase pumps, do ur research. dollar-cost averaging is ur friend. remember, only invest wat u can afford to lose. good luck!