April 30, 2024

55% of Indians have already invested in cryptocurrency

55% of Indians have already invested in cryptocurrency

Consulting company Deloitte conducted a study and found that 82% of Indians are going to invest incryptocurrencies after the government formulates a clear position on measures to regulate the circulation of digital assets.

The company conducted a survey, which was attended by1800 inhabitants of India. 55.2% of respondents admitted that they have already invested in virtual currencies and will continue to invest. 26.8% want to buy coins, but do not do so due to the unclear future of the cryptocurrency. And finally, only 18% of respondents do not plan to acquire digital assets.

In India, there has been a sharp increase in investment invirtual currencies. However, the crypto industry has been waiting for the moment when officials will adopt a law on digital assets, which will describe the regulatory requirements and taxation of the cryptocurrency industry,— said Deloitte partner Saraswati Kasturirangan.

Last year, politicians developed a regulatoryact on virtual currencies, but so far it has not been approved. Recently, the chief economic adviser to the government of India, Sanjeev Sanyal, said that cryptocurrencies could negatively affect the financial stability of the country. Therefore, the state needs to use a "balanced approach" to the regulation of the industry. According to Sanjiv, work on the decree on digital assets has not yet been completed.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Huobi https://huobi.com 7.4
3 Exmo https://exmo.me 6.9
4 OKEx https://okex.com 6.5
5 Bybit https://bybit.com 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Additional features and services— futures, options, staking, NFT marketplace.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade– the average number of points for all indicators determines the place in the ranking.

55% of Indians have already invested in cryptocurrency

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