How to invest in Cryptocurrencies?

Cryptocurrencies, especially bitcoins have gained prominence as an asset class and a popular investment option in the last couple of years. Many advanced nations such as the US, the UK, Canada and Australia have recognised cryptocurrencies. In this blog, we have covered aspects using which an individual can buy and sell cryptocurrencies, know about the popular exchanges that provide facilities for trading and the risks involved in the investment.

How to buy and sell cryptocurrencies (majorly bitcoins)?

There are three methods through which cryptocurrencies can be bought/stored and sold: Online platforms of various exchanges/from the exchange offices; bitcoin ATMs; and transactions between two parties without the need of an exchange.

Online platforms

Buying and selling cryptocurrencies through exchanges is probably the most popular and the less risky method available till now. There are a number of exchanges that allow trading of cryptocurrencies online.