After extreme variations in bitcoin price, everyone is getting interested in the topic of cryptocurrencies! But apart from bitcoin, there are more than 900 cryptocurrencies in the world. Even you can create your own cryptocurrency. Now you might be thinking if there are 900 cryptocurrencies all over the world then How many cryptocurrencies are there in India? And Is Cryptocurrency Legal In India? At the time of writing this article, there are total 3 cryptocurrencies that you can buy directly. The top cryptocurrency currently in 2017 is Bitcoin, followed by Ethereum and Litecoin which you can directly buy in India. Now let’s take a look at the List of Cryptocurrencies In India.
List Of Cryptocurrencies in India Best To Invest In Now
Buy on Zebpay (Use code REFAMEY6599 to get bitcoins worth Rs. 100) or Coinsecure
It’s no brainer that it is the best cryptocurrency all over the world right now. But in India too, Bitcoin ranks first as usual. It has a great dominance and great value in the market. Bitcoin has always kept their users cheerful which take Bitcoin to the top of this list even in India. Now if you want to Buy Bitcoin in India you might be thinking how to buy Bitcoin in India legally? So, we already have one article on Best Bitcoin Wallets In India.
Following Bitcoin, Ethereum is also not far behind in top cryptocurrencies in India. There is tough competition between Bitcoin and Ethereum. Its value has increased exponentially recently. If you want to invest in Ethereum, we already have one article on Best Ethereum Wallet Apps in India.
Now in the leaderboards on the third position comes the Litecoin. Litecoin is also a very popular cryptocurrency in India. The game of cryptocurrency is too large so if you are getting started I recommend you to use Litecoin as it is also among the top contenders in this game of cryptocurrency. Lecoin network will produce three times as many currency units as will be issued by the Bitcoin network. So it is also a very great contender in the game of cryptocurrency. It recorded $1.5 million until May 2017.
To buy following Cryptocurrencies in India, you need to have Bitcoins that you can easily buy on Zebpay.
It is an open payment network similar to Bitcoin. It is distributed financial technology enables banks to send real-time international payments across networks.
5. NEM (XEM)
Next one in our List of Cryptocurrencies In India is NEM is written in Java with a C++ version. It also has a multi-signature transaction system.
DASH is also known as Darkcoin. It is very similar to Bitcoin but offers more features such as instant transactions, private transactions, and decentralized governance. It is the first decentralized autonomous organization. As per the statistics, it is the seventh most valuable cryptocurrency by market capitalization by June 2017.
It has business-to-business models. It has no fees and it provides services to be traded on the open market in real time.
Monero is a cryptocurrency created in April 2014. It mainly focuses on privacy, decentralization, and scalability. As of April, it has market-cap of over $6 million.
The target number of total EOS token supply is 1 billion with of up to 5% inflation per annual.
It has a mainly blockchain-based platform. Its prices went high since 2016.
Built using the latest in industry research, BitShares offers a stack of financial services including exchange and banking on a blockchain.
It has a decent popularity. It offers selective transparency of transitions and selective transparency supply of 21 million units.
It ranks 14th on the leaderboard of cryptocurrencies. It’s price is 1.62% BTC in the market. This is basically a Chinese cryptocurrency.
Bytecoin is a cryptocurrency launched first back in July 2012. After its launch, it remained at 10 satoshis (Smallest unit of Bitcoins 0.00000001 Bitcoin or 10^-9 of Bitcoin) price and continued at it for a long time but then suddenly it rose to 109 satoshis on Poloniex. Currently, it ranks 15th on the list of top cryptocurrencies.
Last one in our List of Cryptocurrencies In India The Steemit is a site which runs a blogging and social networking website on top of blockchain called as Steem. Like Bitcoin, Steem is a blockchain transferable tokens.
Modi Government on Cryptocurrency
Modi Government warns against use of Bitcoins and has warned not to use Bitcoins. Indian Government says whatever you are doing online using Bitcoins is at your own risk the government is not responsible for your loss at Bitcoins. It is not authorized by RBI and thus could result in a breach of anti-money laundering provisions.
More the number of countries accept cryptocurrency will be a great way for the people to look at cryptocurrency as an alternative for investment. After an issue with the Bitcoin exchange regarding some laws in August which pushed the Bitcoin down it has been moving up and it has been touching new heights from the beginning of 2017.
Finally, let’s revise the List of Cryptocurrencies In India.
- NEM (XEM)