More volume means it is easier to buy and sell the cryptocurrency. Liquidity means how many coins have been traded in the past 24 hours. Here you can check the market capitalization of different cryptocurrencies.įor example, the market cap for bitcoin will be 18,707,650 BTC (circulating supply) x $57,230.82 (Price) = $1,070,654,149 (market capitalization). You should multiply the total available coins with the price of the coin to find which coin is more valuable.Ī high market capitalization indicates that the particular crypto has people’s interest and their willingness to pay for a coin. It’s not always true that a coin of 1 Rs. The price of the coin is not the right parameter to evaluate a coin. I can help you evaluate the cryptocurrencies based on some parameters that represent the strength of a cryptocurrency. So it’s better to do your own research than buying crypto based on a random tip from a Facebook group or Redditt group. There are more scammers than real crypto investors. You can’t trust the information blindly that is published on the internet. It’s really hard to select the best coin out of more than 5000 available cryptocurrencies. I should also inform you that It’s a good practice to keep the cryptocurrencies safe in a wallet rather than keeping them in the exchange for safety reasons. I will go through the bitcoin buying process later in the article. People like you and me can buy bitcoins directly from the crypto exchange. Most of the bitcoins are mined in China and countries like Norway where computer infrastructure and electricity are cheap.

It’s not profitable to mine bitcoins in India due to the high cost of electricity in India. Mining process needs large powerful computers and a continuous electricity supply. You can only see the bitcoin address, like the one shown below.īitcoin codes are generated during the bitcoin mining process.

The article helps you understand – how cryptocurrency investment works and how you can invest in cryptocurrency in India.Ĭryptocurrencies came into existence in 2009 with the creation of the first cryptocurrency – Bitcoin.īitcoins do not have a physical presence like the US dollar or Indian Rupee note. It’s similar to investing in the stock market where you can trade daily or invest for the long term. You need to have an account with the cryptocurrency exchange (like WazirX, Binance, Zebpay) to invest in cryptocurrencies like Bitcoins, Ethereum, Ripple and Doge.

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