2021 has been an interesting year for cryptocurrency, to say the least. While earlier we were only talking about the underlying blockchain platform that powers the cryptocurrency, this year has seen the rise of applications such as NFTs and the metaverse that can be used to perform transactions. transactions and buy valuables using crypto.
With so much going on in this space, it’s only natural to get a feel for FOMO if you’re still waiting to join the era of new age digital assets. But before you do that, one of the most basic questions you need to answer is which cryptocurrency exchange you are going to put your hard-earned money into. This unique decision can define how well your cryptocurrency journey will unfold, in more ways than one.
What is a cryptocurrency exchange:
Let’s first understand what a cryptocurrency exchange is. A cryptocurrency exchange is a business or corporation that allows customers to buy and trade crypto assets. The exchange basically allows the customer to buy crypto assets by accepting traditional currencies like Indian Rupee, from traditional bank accounts or other payment methods like UPI etc.
Buying cryptocurrency can be an overwhelming process if you choose the wrong exchange to use for trading. Fortunately, we’ve found one of the best exchanges you can use to start your crypto asset journey in India – ZebPay. Here are a few things that make ZebPay a preferred exchange in our opinion.
Top reasons to consider ZebPay:
- No entry barrier
A myth of many new users of crypto assets is that they have to buy an entire coin. Looking at the prices of Bitcoin which is currently trading at INR 36.5 lakh for a single coin or Ether which costs around INR 3 lakh for a coin is a deterrent to many entering crypto assets.
With ZebPay for example, one can start investing with as little as INR 100 in any crypto of one’s choice. This allows a new person to learn the intricacies of crypto assets, overcome volatility, and gain the confidence to invest more in their journey. Simply deposit money into your ZebPay wallet, buy Crypto, and watch your wallet grow with ZebPay’s unique features that allow you to earn returns just for holding.
- Build your own wallet with over 60 cryptocurrencies
There are thousands of crypto assets today, although only a few are mentioned all the time. There are others that just turn out to be scams (remember the Squid Game token?). A good cryptocurrency exchange needs to offer more options than the top 10 cryptocurrencies, for example, which is why we recommend ZebPay. Cryptocurrency exchange allows you to build a wallet with a single crypto or from a pool of 60 different cryptos, giving you more choice over your investments.
- Hold Crypto and Earn Get additional returns on your crypto assets simply by holding them in your ZebPay account. Some cryptos are eligible for daily returns between 0.5% and 6%. Returns are calculated daily on the client’s spot or trading portfolio balance and even on pending sell (sell) orders. Imagine your ZebPay account like a normal bank account that gives you interest just to store your crypto there. It seems pretty incredible to us.
- Take advantage of the lending platform, ZebPay’s exclusive feature allows you to lend your cryptocurrency to the exchange and earn even more returns on your investments.
Now here’s how it works –
You can decide to lend either Open Term or Fixed Term. In the first case, you will earn returns on your crypto asset as the case may be on that day. The returns will be deposited daily and you can choose to return your holdings to your account at any time.
Under Fixed Term, you can choose to lend your crypto for periods of 7 days, 30 days, 60 days, or 90 days, with the rate of return varying depending on the length of time you select. The returns along with your assets will be deposited into your trading portfolio at the end of the term.
Essentially, these work the same as a traditional market fixed deposit account except that you earn fixed returns on the assets which may also increase in value over time. Lending your crypto asset to the exchange to earn more return on your investments is another great feature that makes ZebPay a great choice.
- Recognized by over 66% of Indian investors, ZebPay is one of the oldest exchanges in India, founded in 2014. In fact, in a survey by crypto-Crypto influencer Kanoon, in 2020, found that the 2 / 3 (or 66.6%) of Indian investors bought their first Bitcoin on ZebPay.
One of the most important factors that should determine which cryptocurrency platform you choose should be based on the trust and security of the exchange itself. On these two points, you will find ZebPay leading the awareness and spread of crypto assets, with its robust platform and distinctive features. More importantly, more than half of the country’s crypto investors trust the exchange – something that should make you feel secure while opening your own account with Zebpay.
With so many great things to do, we can only recommend that you open your own ZebPay account and start enjoying its many products and features. Open your account here.
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