{"id":4816,"date":"2020-08-22T21:12:00","date_gmt":"2020-08-22T15:42:00","guid":{"rendered":"https:\/\/blog.wazirx.com\/?p=4816"},"modified":"2023-05-09T15:07:48","modified_gmt":"2023-05-09T09:37:48","slug":"how-to-open-a-crypto-trading-account-in-india","status":"publish","type":"post","link":"https:\/\/wazirx.com\/blog\/how-to-open-a-crypto-trading-account-in-india\/","title":{"rendered":"How to Open a Crypto Trading Account in India?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wazirx.com\/blog\/how-to-open-a-crypto-trading-account-in-india\/#What_Is_A_Cryptocurrency\" >What Is A Cryptocurrency?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wazirx.com\/blog\/how-to-open-a-crypto-trading-account-in-india\/#How_To_Open_a_Crypto_Trading_Account_on_WazirX\" >How To Open a Crypto Trading Account on WazirX?<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>The Indian bitcoin and cryptocurrency space is ripe for growth and <a href=\"https:\/\/www.financialexpress.com\/money\/will-cryptocurrency-based-payment-cards-be-the-next-big-thing-in-india\/2059992\/\" target=\"_blank\" rel=\"noreferrer noopener\">innovation<\/a> way much more than before. <\/p>\n\n\n\n<p>In March this year, the Supreme Court of India annulled a ban on banks doing business with crypto exchanges in the country. <\/p>\n\n\n\n<p>This paved the way for both existing and new potential users to enter the digital asset market with newfound vigor. <\/p>\n\n\n\n<p>So much so that crypto trading activity in India shot through the roof surging 400 percent also because of the COVID-19 <a href=\"https:\/\/zeenews.india.com\/technology\/cryptocurrency-trading-witness-massive-surge-in-india-during-covid-19-lockdown-2296167.html\" target=\"_blank\" rel=\"noreferrer noopener\">lockdown<\/a>.<\/p>\n\n\n\n<p>Now that buying and selling bitcoin\/cryptocurrency assets are <a href=\"https:\/\/wazirx.com\/blog\/is-bitcoin-legal-in-india\/\" target=\"_blank\" rel=\"noreferrer noopener\">legal<\/a> in India, here is how you can start by opening a crypto trading account on WazirX. <\/p>\n\n\n\n<p>But before that, let&#8217;s understand what cryptocurrencies are in brief. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Is_A_Cryptocurrency\"><\/span>What Is A Cryptocurrency?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><br><\/strong>Two words make up the word cryptocurrency \u2013 \u2018crypto\u2019 and \u2018currency\u2019. Crypto stands for cryptography. A cryptocurrency uses cryptography to successfully secure, conduct, and validate monetary transactions.<\/p>\n\n\n\n<p>No individual or organization controls the creation and issuance of cryptocurrencies as they exist on distributed, decentralized networks called blockchains.&nbsp;<\/p>\n\n\n\n<p>Blockchains basically consist of information packets called \u2018blocks\u2019 that are interconnected in a \u2018chain\u2019 type arrangement. Contrary to centralized ledgers maintained by banks or data repositories \u2018controlled\u2019 by software and networking behemoths, blockchain is a decentralized \u2018peer-to-peer\u2019 digital ledger.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_To_Open_a_Crypto_Trading_Account_on_WazirX\"><\/span><strong>How To Open a Crypto Trading Account <\/strong>on WazirX? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At&nbsp;<strong><a href=\"https:\/\/wazirx.com\/\">WazirX<\/a><\/strong>&nbsp;we offer a plethora of options for you to buy bitcoin or any other cryptocurrency according to your budget. <\/p>\n\n\n\n<p>To start, you need to set up an account on WazirX. Follow the below steps for the same: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Download the WazirX&nbsp;<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.wrx.wazirx\">app<\/a>&nbsp;or visit the website. Then hit the&nbsp;<strong>Sign Up&nbsp;<\/strong>button<\/li>\n\n\n\n<li>Fill in your email address (one that you use frequently), and your desired password<\/li>\n\n\n\n<li>Click on the&nbsp;<strong>Terms of Service&nbsp;<\/strong>checkbox, but go through it once before checking<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img fetchpriority=\"high\" decoding=\"async\" width=\"378\" height=\"626\" src=\"https:\/\/i2.wp.com\/wazirx.com\/blog\/wp-content\/uploads\/2020\/08\/WazirX-Signup.png?resize=378%2C626&amp;ssl=1\" alt=\"WazirX-Signup\" class=\"wp-image-3823\" srcset=\"https:\/\/wazirx-prod.sgp1.cdn.digitaloceanspaces.com\/uploads\/2020\/08\/WazirX-Signup.png 378w, https:\/\/wazirx-prod.sgp1.cdn.digitaloceanspaces.com\/uploads\/2020\/08\/WazirX-Signup-181x300.png 181w\" sizes=\"(max-width: 378px) 100vw, 378px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Then press the&nbsp;<strong>Sign Up&nbsp;<\/strong>button<\/li>\n\n\n\n<li>You will be sent a verification email after hitting the sign-up button. If you have received it, click on<strong>&nbsp;Verify Email<\/strong>&nbsp;to complete the process.. If you haven\u2019t, check your spam folder. Or hit&nbsp;<strong>Resend Here<\/strong>. On successful verification, you should see this message:<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"380\" height=\"380\" src=\"https:\/\/i1.wp.com\/wazirx.com\/blog\/wp-content\/uploads\/2020\/08\/WazirX-Signup-Successfully.png?resize=380%2C380&amp;ssl=1\" alt=\"WazirX-Signup-Process\" class=\"wp-image-3829\" srcset=\"https:\/\/wazirx-prod.sgp1.cdn.digitaloceanspaces.com\/uploads\/2020\/08\/WazirX-Signup-Successfully.png 380w, https:\/\/wazirx-prod.sgp1.cdn.digitaloceanspaces.com\/uploads\/2020\/08\/WazirX-Signup-Successfully-300x300.png 300w, https:\/\/wazirx-prod.sgp1.cdn.digitaloceanspaces.com\/uploads\/2020\/08\/WazirX-Signup-Successfully-150x150.png 150w, https:\/\/wazirx-prod.sgp1.cdn.digitaloceanspaces.com\/uploads\/2020\/08\/WazirX-Signup-Successfully-100x100.png 100w, https:\/\/wazirx-prod.sgp1.cdn.digitaloceanspaces.com\/uploads\/2020\/08\/WazirX-Signup-Successfully-140x140.png 140w, https:\/\/wazirx-prod.sgp1.cdn.digitaloceanspaces.com\/uploads\/2020\/08\/WazirX-Signup-Successfully-350x350.png 350w\" sizes=\"(max-width: 380px) 100vw, 380px\" loading=\"lazy\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Securing Your Account<\/strong><\/h4>\n\n\n\n<p>For&nbsp;<a href=\"https:\/\/support.wazirx.com\/hc\/en-us\/sections\/360000342873-Security\" target=\"_blank\" rel=\"noreferrer noopener\">security<\/a>&nbsp;purposes, we highly recommend enabling 2-factor authentication (2FA). You can do so by downloading the Google Authenticator app and connecting it to your account.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"432\" height=\"465\" src=\"https:\/\/i1.wp.com\/wazirx.com\/blog\/wp-content\/uploads\/2020\/08\/WazirX-Signup-Process1.png?resize=432%2C465&amp;ssl=1\" alt=\"WazirX Signup Process\" class=\"wp-image-3836\" srcset=\"https:\/\/wazirx-prod.sgp1.cdn.digitaloceanspaces.com\/uploads\/2020\/08\/WazirX-Signup-Process1.png 432w, https:\/\/wazirx-prod.sgp1.cdn.digitaloceanspaces.com\/uploads\/2020\/08\/WazirX-Signup-Process1-279x300.png 279w\" sizes=\"(max-width: 432px) 100vw, 432px\" loading=\"lazy\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>KYC Verification<\/strong><\/h4>\n\n\n\n<p>The last stage in the account set up process is&nbsp;<a href=\"https:\/\/support.wazirx.com\/hc\/en-us\/articles\/360000504293-Guide-to-Signing-Up-KYC-Verification\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>KYC verification<\/strong><\/a><strong>.&nbsp;<\/strong>Select your country from the list:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"576\" src=\"https:\/\/i0.wp.com\/wazirx.com\/blog\/wp-content\/uploads\/2020\/08\/WazirX-Signup-KYC-Verification.png?resize=448%2C576&amp;ssl=1\" alt=\"WazirX Signup KYC Verification\" class=\"wp-image-3839\" srcset=\"https:\/\/wazirx-prod.sgp1.cdn.digitaloceanspaces.com\/uploads\/2020\/08\/WazirX-Signup-KYC-Verification.png 448w, https:\/\/wazirx-prod.sgp1.cdn.digitaloceanspaces.com\/uploads\/2020\/08\/WazirX-Signup-KYC-Verification-233x300.png 233w\" sizes=\"(max-width: 448px) 100vw, 448px\" \/><\/figure>\n\n\n\n<p>Then verify your KYC and finish the process. After that, you are all set to buy XRP from WazirX!<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian bitcoin and cryptocurrency space is ripe for growth and innovation way much more than before. In March this year, the Supreme Court of India annulled a ban on&#8230;<\/p>\n","protected":false},"author":186226385,"featured_media":109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-4816","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Open a Crypto Trading Account in India? - WazirX Blog<\/title>\n<meta name=\"description\" content=\"At WazirX we offer a plethora of options for you to buy bitcoin or any other cryptocurrency according to your budget. 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