You need to be careful in your decision before investing in any Cryptocurrency as an Indian.
Cryptocurrency has become a hot topic in the last decade, with everyone from regular people to government officials talking about it.
There is so much buzz around cryptocurrency that many people are trying to figure out what is best for them.
Since Cryptocurrency is legal in India to invest in – in this post, we will be talking about the best cryptocurrencies that you can invest in India.
This list is mainly based on market cap, popularity, and usability.
There are a lot of other factors to consider before investing but these are some of the best ones out there.
20 Best Cryptocurrencies to Invest in India
The best cryptocurrency to invest in India depends on many factors like:
- What is your best cryptocurrency to invest in India for the short term?
- The best cryptocurrency to invest in India for the long term?
- Do you want more risk or less risk when investing with cryptocurrencies?
These are all important questions you will need to answer before deciding on which best cryptocurrency to invest in.
That said, in my opinion, below are my favorite cryptocurrencies you can invest in as an India that ticks all of the above criteria:
1). Bitcoin (BTC)
Bitcoin is the king of cryptocurrencies, and it has been dominating the space for so long.
If you are looking to invest in a cryptocurrency with huge potential then Bitcoin should be your choice.
Moreover, if you want an investment that can give you some liquidity as well then this is also a good option since there are many investors/traders who buy BTC regularly on exchanges around the world and its price usually remains stable.
In India too we have many exchanges where people trade bitcoins like Binance and WazirX exchange.
2). WazirX token (WRX)
WRX is the utility token of the WazirX exchange. WRX token is based on the Binance blockchain.
WazirX is a cryptocurrency exchange, India’s newest and fastest-growing.
Launched in 2018 with over 400,000 users to date (with an average app rating of 4.6) WazirX has quickly become the go-to platform for traders looking to invest in Bitcoin or Ethereum without having any technical knowledge about crypto wallets or blockchain technology.
The company also boasts that they are part of Binance’s ecosystem – the worldʼs largest trading volume on cryptocurrencies just after its inception last year.
This is one of the best cryptocurrencies to invest in as an Indian.
With WazirX being acquired by Binance in November 2019 and its goal to make crypto accessible for everyone in India.
WRX token powers the platform and can be used to pay trading fees, commission rebates, and in-app purchases.
3). Ripple (XRP)
Ripple was introduced in 2012 to provide cross-border transactions with lower costs than what Bitcoin and Ethereum charge.
Ripple is considered the worldʼs most efficient, scalable blockchain technology that offers a wide range of solutions to financial institutions across the globe for providing liquidity digitally on demand.
It provides one frictionless experience to send money globally using its token called XRP which boasts faster transaction speeds compared to other major cryptocurrencies like Bitcoin or Litecoin since it settles any payment within seconds as opposed to minutes or hours.
This cryptocurrency is very good to invest in if you are an Indian looking for income generation opportunities or have any need for international transactions arising from business dealings such as import/export, eCommerce, etc.
4). Ethereum (ETH)
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, or fraud.
It’s also an open-source system based on blockchain technology with flexible data formats.
It provides many benefits to entrepreneurs and developers because it removes the need for trusted third parties so they can create markets, store registries of debts or promises, move funds in accordance with instructions given long ago, etc.
5). TRON (TRX)
Tron is a blockchain-based, decentralized protocol for digital content and entertainment.
Its mission is to “heal the internet” by giving people incentives to store their data on its network rather than more centralized services like Facebook or YouTube.,
TRON aims to create a global free content entertainment system with distributed storage technology where users can publish, store and own their data freely.
As an Indian, you can invest in this cryptocurrency because it has a lot of potentials to grow in the future.
6). Binance Coin (BNB)
A cryptocurrency was created by Binance, a company that provides individuals and businesses in over 180 countries with an easy way to trade cryptocurrencies.
The token can be used on the platform as well for paying transaction fees or traded against other tokens. It is also utilized within the system’s special features such as promotions, voting weight power, etc.
It has been doing very well this year because of its low supply coupled with increasing demand from investors all around the world.,
7). Cardano (ADA)
Cardano is another cool cryptocurrency to buy and invest in as an Indian, which is a decentralized public blockchain and cryptocurrency project.
Just as other coins on this list, Cardano is also a cryptocurrency with a limited supply.
Which makes it a nice investment.
With the Cardano coin, there is a lot of potentials to grow exponentially in the coming years as more and more traders start trading it.
This cryptocurrency has been ranked as one of the top coins in the market and really tends to have great potential in years to come.
Another nice coin to invest as an Indian.
NEO is a top cryptocurrency in the market and it has been doing well so far over the past few years.
With an ever-growing number of ICOs being launched on NEO’s platform, there is no denying that this coin will continue growing exponentially in years to come.
This could be one such investment opportunity as you wait with bated breath to see what unfolds next.
9). Litecoin (LTC)
Litecoin is one of the best coins to invest in and it has great potential.
One such reason for this could be that Litecoin’s founder – Charlie Lee – believes Bitcoin will soon become too expensive for common use, while Litecoin would still have room to grow from here.
This cryptocurrency may not be as popular as some others but its long-term growth potential is way higher than many other altcoins out there.
With investors now looking at alternative cryptocurrencies instead of just sticking with Bitcoins, LTC seems like a good option given how well-received it was by crypto enthusiasts when launched in 2011.
10). Stellar Lumens (Stellar)
Stellar is a cryptocurrency that has been dubbed as the “future of banking.”
This currency was created by Jed McCaleb who co-founded Ripple in 2012 and sold it to Chris Larsen before leaving the company in 2013.
He then went on to create Stellar Lumens, which focuses more on micro-payments rather than transaction settlements between large institutions like banks.
As an investor in this coin myself – I also consider this as one of the best cryptocurrencies to invest in as an Indian in 2021.
11). Dogecoin (DOGE)
This cryptocurrency was created as a joke but has since then taken off because of its fast transactions and low fees.
And also being backed by world influencers and billionaires like Elon Musk.
Dogecoin happens to be one of the few cryptocurrencies that were generated using script-based mining, as a result, it is considered to be faster than other currencies in terms of confirmation time.
And if you’re looking for a coin to either trade or invest in India, consider Dogecoin. I bought into DOGE less than a year ago I’ve already made a ton trading this meme coin.
12). Nem (NEM)
Launched in 2015, NEM coin’s main goal is to create a blockchain that can be used by any industry or individual without requiring permission or any kind of membership.
The first one out there is to use a proof-of-importance algorithm which determines who will participate in securing each block through interest earned rather than just computer power alone like what Bitcoin does.
NEM is a nice choice for any Indian crypto investor who has plans for holding long-term.
13). Matic Network (MATIC) (rebranded to Polygon)
Polygon (previously Matic Network) is a platform that has been built to help Ethereum scale.
It aims at leveraging Bitcoin’s security and decentralized nature of blockchain, while also reducing on-chain prices by increasing its scalability.
It does this through an off-chain layer which enables faster transactions with lower costs than the traditional method of only using blockchains without any intermediary layers between them would do.
14). Solana (SOL)
Solana is a scalability solution that has been designed to be the fastest blockchain in existence by using Proof-of-History (PoH).
It does this not just through its use of PoH, but also with sharding and treechains which all work together as part of Solana’s design.
With Solana cryptocurrency, transactions can be confirmed in just a few seconds and the more Solana transactions are processed, the faster they become.
The idea behind this is to make sure that there is no need for mining so it will also reduce cryptocurrency’s carbon footprint without having any negative impacts on security.
15). Ethereum Push Notification Service (PUSH)
Another awesome cryptocurrency can that can be traded and invested in India is the Ethereum Push Notification Service.
This is a decentralized service that enables its users to send push notifications from a third-party server.
16). Kasuma (KMS)
Another cryptocurrency that has been doing really well in the Indian market lately is Kasuma.
It’s a decentralized platform for messaging and social media, which means users can chat using this service without any interruptions or censorship from any centralized parties.
17). PancakeSwap (CAKE)
The PancakeSwap is an Ethereum-based token that users can trade and invest in India.
This currency has been doing really well as it provides a platform for people to swap their cryptocurrencies without any intermediaries involved, making the process much more secure and faster than ever before.
It also provides its user with features like ratings of other traders on the network, so that every single transaction made through this system will be absolutely safe and transparent.
It makes sense to invest in PancakeSwap cryptocurrency India because of the fact that it provides a platform that is completely free from any centralized parties.
The best thing about this coin is that all transactions are made through smart contracts, so managing them becomes much easier than ever before and there will be no third party involved in the process either.
18) Polkadot (DOT)
The Polkadot is a distributed network with a token called DOT, and it has been designed to work in different blockchain platforms like Ethereum.
This technology allows not just interoperability between these blockchains but also any other type of decentralized system that can be found on the internet.
Therefore, even if two parties do not share a common language or codebase for their software stack they are still able to interact thanks to this project.
19) Terra Virtua Kolect (TVK)
Terra Virtua Kolect is a cross-platform non-fungible token (NFT) ecosystem that offers collectors and creators an interconnected marketplace for their NFTs.
Users are able to buy, sell, trade, or gift others with the items they’ve collected from across various platforms in order to expand on their virtual collections without having restrictions imposed by any single publisher.
Terra Virtua Kolect is the first cross-platform marketplace for NFT creators and collectors.
With this platform, users can interact with a curated selection of unique creations.
Indians can safely trade and invest in TVK Token and reach high returns. Because this is a token that was launched around mid-December 2020.
20). FTX Token (FTT)
FTX Token is a decentralized digital asset exchange.
FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that was launched on May 8, 2019.
This token (FTX) will be used to pay for transaction fees on FTX’s algorithmically determined maker/taker pricing model.
So, if you’re looking for a nice crypto project to invest in – as an Indian – you should consider investing in FTX tokens.
How safe is it to invest in Cryptocurrency in India?
It is very safe to invest in cryptocurrency in India
There are many best cryptocurrencies to invest in but the ones listed above are my favorite ones right now. And that could change anytime.
As you might know with everything related to finance and investing – nothing is guaranteed. Especially in the crypto world. It is highly risky.
So before you dive into investing either your savings or spare cash in cryptocurrencies, please do some research first by doing extensive due diligence.
Make sure to always buy your coins from a legitimate crypto exchange.
Below are my cryptocurrency exchange recommendations for Indians:
Conclusion – Best Cryptocurrency To Invest In India
In conclusion, the best way to get hold of the profitable crypto projects to invest in is to always keep track of the news.
And best practice is not to put all your eggs into one basket. That way you reduce some risk and also have a more diverse portfolio in terms of crypto coins.
Which of the above cryptocurrency projects is considering buying as an Indian?
Let us know in the comments.