How to Invest in Cryptocurrency? Step By Step Guide

So, you have researched enough about Cryptocurrency, and now you are ready to invest in Cryptocurrency. You need a broker or exchange to invest your money in cryptocurrency. There are a lot of companies that have provided a platform in the form of mobile applications which makes it super easy to invest in Cryptocurrency.

How to Invest in Cryptocurrency? Step By Step Guide

Through the mobile app, you can invest, check coin rates, coin’s growth over time, sell, buy coins easily. Here we will give you some options to choose the best apps for investing in Cryptocurrency.

Cryptocurrency Investing Moible Apps

There are a lot of mobile apps which provide investment in cryptocurrency. But these are the few apps that are already established and have gained the user’s faith over time.

  • WazirX
  • CoinDCX
  • Zebpay
  • Unocoin
  • Coin Switch Kuber
  • Binance

Step by Step Guide How to Invest in Cryptocurrency

Although there are various apps that allow the online buy and sell cryptocurrency, here we are using the one example of WazirX to show the complete registration process, KYC, and investing in Cryptocurrency. The process is almost similar in the other apps. you can follow these steps to invest in Cryptocurrency online.

  • Step-I: Download the mobile app WazirX from Play Store or App Store whichever you are using.
  • Signup using the Email and Password
  • Check your mail and verify the Email Address.
  • After Email Verification, Secure your account with the Authentication App, or mobile SMS as shown below in image
WazirX Verify Account
  • Complete the Security Step with the Mobile SMS by verifying your mobile number by entering the OTP received on moibile.
  • Now enter the country, Type of KYC in the next window
  • Click on the Complete KYC to utilize fully the Investment in Cryptocurrency.
Wazirx KYC Details
  • Fill out your personal information like Name, Date of Birth, Address, State, City, PIN Code, etc.
  • Fill out the details of PAN Card and one ID out of Aadhar, Passport, Driving License, and upload the Photographs.
  • Click on “Submit for Verification”
  • Wait till the KYC verification is completed, You will get email after the successful verification of account. It may take 1-2 days.
  • If your KYC is not successful and you get rejected email, then rectify the problem and submit again for KYC Verification.
  • After the successful verification, you need to add money to your account. Click on Funds Tab in the bottom right corner of the App Screen.
  • Then click on Deposit, and again click on deposit.
  • Here you can find the four ways to make payment
    • UPI Transfer
    • Net Banking Transfer
    • Wallet Transfer (Using Mobikwik App)
    • WazirX P2P
  • Choose your preferred method to pay and click on it
  • It may take some time to verify your payment method. Wait for the approval.
  • After the successful verification of the payment method, you will recieve the email from the wazirX team.
  • After verification again go to the deposit step as given above.
  • Choose the method you want to pay with.
  • List of Supported banks for Net Banking Transfer
    • Catholic Syrian Bank
    • Deutsche Bank
    • Dhanlaxmi Bank
    • Federal Bank
    • Indian Bank
    • Indian Overseas Bank
    • Jammu & Kashmir Bank
    • Karnataka Bank
    • Karur Vyasya Bank
    • Laxmi Vilas Bank
    • Tamilnad Mercentile Bank
    • IDFC First
    • PNB
  • It is suggested to use the Mobikwik app to deposit the money in the WazirX account.
Crypto quick buy wazirx
  • After adding money in the WazirX account. click on the “quick buy” option in the bottom right corner of the app.
  • Select th Coin/ Tocken you want to buy. Click on “Buy” button in front of that.
  • Enter the amount you want to invest and click on ” Review Buy” button
Cryptocurreny Buy preview
  • Verify the details and click on”Slide to Confirm”
  • After the succsseful buy you will recieve this message on your screen
Crypto buy final image

Now you have successfully invested in Cryptocurrency. Using a similar method you can invest in Crypto from other platforms also.

Hope you like this tutorial, please share this article to know others about how to invest in cryptocurrency. and comment in the comment section below, if you have any doubts or if you are facing any problem while investing in Cryptocurrency online.

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