Buy Ethereum in India – Who has ever dealt with this? Granted, this cryptocurrency is not as well known as bitcoin, but has a larger market capitalization. Like Bitcoin, ETH Zurich is also now available in India. The course of Ethereum got really good in the last weeks. What is behind this cryptocurrency and where can Ethereum investors trade? A guide provides information about it.
Buy Ethereum in India – Since when is it possible?
Buying Ethereum in India is quite possible. There is a true success story behind the cryptocurrency, which is comparable to bitcoin. In 2015, Ethereum was first publicized in the digital world. Since then, the price on the stock market has increased by an impressive 3,000 percent. However, the cryptocurrency didn’t get a true boost until 2017: 1 Ethereum was 9 US dollars at the beginning of the year. A few months later, there were already more than $ 300 for 1 ethereum. Meanwhile, the price also climbed below $400. This helped Ethereum reach a market capitalization of over 20 billion euros. There are even days when the trading volume of ETH is comparable to that of Bitcoin.
Buying ETH in India – Something for Private Investors too?
Cryptocurrencies have also piqued the interest of many private investors. What is Ethereum and can you buy Ethereum in India? This question is often asked. Buying is possible through various options, such as through a CFD broker or directly on the market. There are also specialized Ethereum exchanges. Where are the differences? On the one hand, cryptocurrency can be bought directly and, on the other hand, traded as a CFD position
- CFD Brokers: More CFD brokers offer Ethereum positions for trading. Profit is the lever for investors. With its help, even small amounts of capital can be used to move higher on the market. Although, of course, the risk of loss is also high.
- Direct purchase: When buying directly, the cryptocurrency is charged directly. Like all other currencies, capital can also be “saved” or transferred. To save Ethereum, investors need a wallet.
Info: Is it possible to buy Ethereum without a wallet in India? If you want to buy cryptocurrency directly, you need an electronic wallet, the so-called wallet. It is comparable with a checking account. Currency units can be stored on it or used for other transactions.
Buy Ethereum in India – How It’s Done
How to Buy Ethereum in India?
- Decide whether the cryptocurrency is to be received as a CFD position or as a direct purchase.
- Find the right retailer.
- Opening a trading account and making the first capital deposit. For example, it is possible to deposit by credit card (VISA or MasterCard, electronic wallets [PayPal, NETELLER, Skrill], Paysafe and Paysafecard or bank transfers and instant bank transfers).
- Once capital is available on the trading account, currency units can be acquired.
Conclusion: Buying ETH in India is possible in a few steps. Once the right provider has been found and the capital has been paid in, the purchase of cryptocurrency can begin.
Buy Ethereum in India – CFD Trading
Buying Ethereum in India is possible with a CFD or crypto broker. Here, cryptocurrencies are not bought directly but only determined on their performance. Investors benefit from the performance of ETH quotes and can thus capture profits and losses. The key to CFD trading is the lever. With its help, a lot of money can be traded with a small capital investment. For example, the ETH lever could be at 30. When the price moves, investors participate 30 times more strongly in the price movement. If the price falls, the loss is also 30 times higher. How to buy Ethereum in India looks like a practical example?
- Capital investment: 100 Euro
- Leverage: 1:10
Investors call “calls” they anticipate a positive performance of the crypto currency. The capital investment is 100 Euro, the leverage is 1:10. This effectively moves €1,000 to the market. If a positive price development actually occurs and the ETH share price increases by 5 percent, the following calculation results:
1,000 euros x 5 percent = 50 euros
If investors had bought the cryptocurrency without leverage, i.e. directly, there would have been a profit of only 5 euros.
negative price growth
Investors can bet not only on positive, but also on a negative share price development. For this they open a put position. Profit is calculated as a positive price development. If the price of the underlying asset falls, a retracement occurs.
How safe are CFD brokers?
If buying ETH in India is linked to short-term investment intent, traders cannot avoid a CFD broker. Due to the rapid growth of Ethereum, many brokers have integrated the cryptocurrency into their offerings. Reputable brokers are based in the EU and licensed by reputable regulators. The issue of security is also very important for such CFD brokers. Data exchange takes place, for example, via an encrypted SSL connection and customer data is only used internally. However, CFDs are speculative financial derivatives that carry a risk of loss. Investors should not forget this when deciding to buy Ethereum in India. It is also possible to buy Ethereum in Austria.
Buy ETH in India – Direct Buy
If you do not want to make short-term or particularly risky investments, you can alternatively buy directly. It is comparable with stock trading on the stock market. There are also marketplaces for ETH and stock exchanges on which the cryptocurrency can be traded. However, currency units are exchanged for real currency. Euro against Ethereum – the cryptocurrency is stored in the so-called wallet. What is the process of buying ETH in India on a market?
- The buy order / sell order is created by the investor and published on the market.
- Users of the Marketplace can accept offers.
- Transactions are settled on the market place.
The marketplace, similar to the Internet auction house eBay, acts as an intermediary. However, it does not come down to different bids, but only to direct acceptance of the offer. For arbitrage, the market charges a fee. How are prices determined? Supply and demand regulate the price in the market place.
ETH Exchange
Another option for realizing the purchase of ETH in India is the stock exchange. Stock exchanges are generally more organized than marketplaces for cryptocurrencies. It will also create buy order / sell order. However, everything else happens completely automatically. The stock exchange searches independently for the buyer/seller. Transactions are also fully automated. Stock exchanges may pay for this service at a fee that is marginally higher than the cost of the market.
Note: Buying Ethereum in India only works with one wallet. It stores and manages currency units. Comparable This electronic wallet is about a checking account. Currency units are stored offline and are therefore secure. If you wish, you can sell the cryptocurrency again only through the stock exchange or marketplace.
Buying ETH – What to Know
In general, cryptocurrencies are a risky financial derivative. Whether Ethereum, Bitcoin or any other cryptocurrency, there is a risk of profit and loss for all. What’s there to know about ETH in general?
- The price development has been rapid within the last few weeks. Since the beginning of 2017, there has been a price increase of up to 3,000 percent.
- The fluctuations in the price of ETH were sometimes very high.
- Cryptocurrencies are not regulated by the state.
- Hacker attacks repeatedly affect the price development of ETH courses and other cryptocurrencies.
- Ethereum is next to Bitcoin one of the digital means of payment of the future.
buy ethereum in india cost
Stock exchanges and marketplaces finance themselves in different ways:
- Order commission: Order commission is levied on marketplaces and stock exchanges. Each provider can create its own commission.
- Spread: The difference between the buy and sell price that CFD brokers charge their investors. The unit of measurement is Pips.
Transaction Costs: If you deposit your deposit, you should also expect additional fees. So-called transaction costs, for example when it comes to currency conversion. When paying by credit card, transaction costs are often incurred by the credit card issuer. The broker or the marketplace has nothing to do with these costs. How high are the transaction costs, investors can read in the price list for their means of payment.
Conclusion: ETH in India is suitable for many investors
When it comes to buying Ethereum in India, investors have several options. On the one hand, they can trade cryptocurrency with a CFD, crypto or bitcoin broker and rely on their performance here. The actual purchase of Ethereum is possible on market exchanges or stock exchanges. Here, the digital currency is stored in a wallet like a checking account. The CFD broker is more suitable for short term investments, trading in the marketplace and the exchange for long term investments. If you have little capital available, you can take advantage of a CFD broker and trade with more capital. The liver also poses a greater risk of damage. It is less risky to buy ETH through a marketplace or stock exchange in India.