The global bitcoin rush has rubbed off on the Indian investors too, making India the second biggest bitcoin nation in Asia after China, and the sixth biggest in the world, after the United States, Nigeria, China, Canada and the United Kingdom.
According to Nischal Shetty, CEO of WazirX, the most important thing that first-time investors should bear in mind is that any cryptocurrency such as bitcoin is a high risk, high reward investment option.
Before investing in a project, Shetty of WazirX recommends users to always read its whitepaper, about the team and their background, project development status, and team activity on social media.
https://www.cnbctv18.com/personal-finance/investing-in-bitcoin-know-these-risks-involved-7989621.htm
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
