Hello everyone, in this article we are going to cover the topic Can you trade cryptocurrency 24/7 in India? The answer is yes you can trade cryptocurrency 24/7 in India. As we all know Cryptocurrency markets are open 24 hours a day including weekends. In the Crypto market, there is one advantage you can see the market 24 hours and trade according to your trading setup. Cryptocurrency is a very volatile market, it’s very challenging for a trader to capture. That’s the reason many people across the world are investors, there is never a time limit to buying cryptocurrencies. In India Zebpay, WazirX, CoinDCX, and CoinSwitch Kuber are the best crypto trading platform.
Best crypto trading times
It is found that many professional traders use to trade cryptocurrency from 8 am to 4 pm. This is the time when the Indian stock market opens, and this is the time when the most volatility occurs. The best times and days to trade cryptocurrencies tend to be “when it suits you”. In the field of trading, there is no best or worst timing it’s totally on you which type of trader you are, either you are a swing trader or a scalper it’s you.
But it is found that on weekends the volumes in cryptocurrency trading are very less. Many people take days off (on weekends), including from cryptocurrency trading. Consequently, the volume of transactions falls.
Pros and Cons of crypto markets being open 24/7
Advantages
- Convenience for traders to trade as it is open 24/7.
- You can trade anywhere and anytime.
- Higher potential returns due to a larger market and liquidity.
- No fear of gap up and gap down.
disadvantages
- High risk and volatility are very high in crypto.
- Over trading as it opens 24/7.
- Lack of knowledge.
- High trading fees.
Before trading or investing, you should do your research, because cryptocurrency markets are a wild ride with no beginning or end.
Best cryptocurrency exchange in India
There are many cryptocurrency exchanges there in India, it’s difficult for a beginner to find which one is best. We are here to give you the right knowledge so don’t worry. If you have an account in this exchange, you can trade cryptocurrency 24/7.
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ZebPay
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CoinSwitch Kuber
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WazirX
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CoinDCX
Zebpay
ZebPay is the Indian oldest crypto trading platform launched in 2014. This exchange will be user-friendly and easy to use for the beginner as well as intermediate and also you can do trade in it. It mainly focused on Strong safety and security for the users. After its Indian relaunch in May 2020, ZebPay has a focus on security – 98% of all tokens registered with ZebPay are stored in cold / hardware wallets instead of online servers. You can trade cryptocurrency 24/7 after creating an account.
CoinSwitch Kuber
CoinSwitch kuber is ideal for novices because it has no trading fees on all Bitcoin transactions. Users may trade over 80 cryptocurrencies for as little as INR 100. With this platform, you can exchange INR for cryptocurrencies as well as trade cryptocurrencies against cryptocurrencies. In this exchange, you will get 90+ Cryptocurrencies. Here you will get the benefit of Free deposit and withdrawal.
WazirX
WazirX is one of the most dedicated and fastest-growing cryptocurrency exchanges. It offers a wide range of coins and trading pairs at competitive trading fees. In this exchange you will get 200+ Cryptocurrencies, it also offers the lowest trading costs for stablecoins and other cryptocurrencies.
CoinDCX
CoinDCX is the safest platform for crypto trading and investing in India. This platform offers a wide range of cryptocurrency-related goods and services, including staking, futures trading, lending options, and margin trading. CoinDcx offers free deposit and withdrawal fees and also this exchange supports over 100 cryptocurrencies. CoinDCX helps investors who want to buy and hold cryptocurrencies for the long term. If you are into trading, you will get 20X leverage.
5 Safest Crypto to invest in January 2023 in India
There are more than 1000 cryptocurrencies there in the market to trade or invest in, but finding which one is best for the long term, is difficult for a beginner to find them.
As we all know that there is a massive fall in crypto and all cryptocurrencies are down by almost 80%, here is an opportunity for new investors to invest in established coins.
So here we are picking the top 5 cryptocurrency coins which are risk-free and can give higher returns in the long term.
Read till the end, and you going to know which are the hidden gems of 2023, which you need to add to your wallet.
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Bitcoin
Bitcoin is one of the most popular crypto coins and also one of the oldest coins which gives high returns in the last 5 years. Bitcoin is a decentralized digital currency that has retained its #1 spot in terms of market capitalization ever since it was created.
- Bitcoin market cap – $325 billion aprx.
- Bitcoin total supply – 19.1 million
- Bitcoin Coinmarketcap ranking – #1
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Ethereum
Ethereum operates through a decentralized computer network known as a blockchain, which manages and tracks the currency. It allows developers to create smart contracts and decentralized applications (Dapp), in which users can access various types of transactions without an intermediary.
- Ethereum market cap – $152 billion aprx.
- Ethereum total supply – 122 million
- Ethereum Coinmarketcap ranking – #2
- Ripple (XRP)
Ripple‘s main process is a payment settlement asset exchange and remittance system, similar to the SWIFT system for international money and security transfers, which is used by banks and financial middlemen dealing across currencies. The token used for the cryptocurrency is premined and uses the ticker symbol XRP. Best Non-Blockchain Technology Investment.
- Ripple market cap – $19 billion aprx.
- Ripple total supply – 50.2 billion
- Ripple Coinmarketcap ranking – #7
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Solana (SOL)
Solana is a high-performance blockchain supporting builders around the world creating crypto apps that scale today. Solana is a decentralized blockchain built to enable scalable, user-friendly apps for the world. Scale for global adoption, Low cost, forever, Fast, forever.
- Solana market cap – $4 billion aprx.
- Solana total supply – 363.8 million
- Solana Coinmarketcap ranking – #16
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Cardano (ADA)
Cardano is best for Investing in Future Smart Contract Ecosystems. Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibilities for the many, as well as the few, and bring about positive global change.
- Cardano market cap – $10 billion aprx.
- Cardano total supply – 34.4 billion
- Cardano Coinmarketcap ranking – #9
Conclusion
The answer is yes you can trade cryptocurrency 24/7 in India. But, we need to focus on risk management and avoid over-trading as it is opens 24/7. There are many benefits of opening crypto 24/7, you can trade anywhere and anytime. Higher potential returns due to a larger market and liquidity.
