Cryptocurrency Trading Guide For an NRI

Anisa Batabyal
| 04 May, 2020 | 2 min

NRI or Non-Residential Indians can buy cryptocurrency based on the trading guidelines of that particular country. NRIs can depend on the local exchange for trading purposes, as that is considered more feasible than trading on exchanges based in other countries. But as far as leading global exchanges are concerned, they operate in most of the countries across the world and have earned good trust and credibility by the users. For an NRI, the trading guide will be more or less similar to that of an Indian citizen, based in India. As India lifted the crypto ban on March 4, 2020, now the Indian users can easily buy BTC in India.

CoinSwitch is a platform, hailing from India, which supports most of the countries across the globe, and is preferred by Indians and NRI to perform seamless trading, at the best rate. CoinSwitch enables you to trade more than 300 cryptocurrencies with INR, and wherever you are, you can track your transaction till you receive in your crypto wallet. Convert INR to BTC at the best rate here.

Let us show you the basic cryptocurrency trading guide for an NRI:

#1 Go to www.coinswitch.co, and you will come across this window, where you can see the instant coin converter, which gives you the conversion rate from Coin A to Coin B in real-time. If you are a beginner, you must start with one coin, which gives you confidence and scalability and idea on how to trade cryptocurrency. At CoinSwitch, you can get all the updated details of the coin on our page (Value, Market cap, circulating, and total supply), including the five-year price prediction. Based on the analysis, you can make a better and improved decision.

#2 Then, you click on view all offers, where you can check out the rates of all the CoinSwitch partners- which are the leading exchanges like Binance, OKEx, HitBTC, SwapLabs, etc. Then you can choose the best rate as per your own choice. Here, the recommended offer given is for OKEX, you can click on that.

#3 Then you can see this window, where you have to put your Ethereum wallet address, where you want to receive your funds, once the transfer is initiated. Then you have to agree to the terms and conditions and go “next”.

#4 Now, this shows that the transaction is initiated, and you can use the given order ID to track your transaction, whenever you want. Just sit back and relax; you will receive the amount in your wallet in no time.

Frequently Asked Questions (FAQ)

  1. Can NRI do Bitcoin trading?

Yes, an NRI can do Bitcoin trading, as per the guidelines and regulations of the particular country he is located in.

  1. How can an NRI invest in cryptocurrency?

An NRI can invest very easily by going to www.coinswitch.co. The steps are described above.

About CoinSwitch

CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!