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Top 10 Questions You MUST Know BEFORE You Start Crypto Trading in 2024
Crypto Trading Tutorial for Beginners
In this guide, we cover the essential information you need to know to start crypto trading in 2024.
Questions Answered:
Question 1: Is Crypto Trading Legal in India?
Yes, Crypto trading is legal in India. You can buy Bitcoin and other cryptocurrencies from government-registered exchanges in India.
Question 2: What is the Timing of the Crypto Market?
The crypto market is open 24/7, 365 days a year. There is no worry for gaps or gap downs. You can buy or sell tokens at any time.
Question 3: Which Trading Account is Needed for Crypto Trading?
Delta Exchange India is a registered and legal exchange in India, licensed with FIU (Financial Intelligence Unit).
Question 4: What Should I Trade in Crypto Trading?
You can trade Bitcoin (BTCUSD) and Ethereum (ETHUSD).
Question 5: Can I Do Future and Options Trading in Crypto Like Indian Stock Market?
Yes, you can trade Futures and Options in Crypto.
Question 6: Do We Have Weekly or Monthly Options Expiry in Crypto?
Yes, in Crypto, we have daily expiry. For example, Delta Exchange Bitcoin options expire daily at 5:30 PM.
Question 7: Does Crypto Trading Provide Leverage?
Yes, you can get leverage. You can take up to 100x leverage when you buy or sell Bitcoin.
Question 8: How Much Capital is Required to Start Crypto Trading?
Even ₹1000 will work with 100x leverage.
Question 9: What Are the Charges to Buy and Sell Options?
The charges for crypto options trading are 0.03% when you sell options.
Question 10: How Much Money Can I Earn with Options Sell in Crypto Trading?
With 100x leverage, you can earn ₹10,000 every day in crypto trading, but you can also face the same amount of loss.
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Disclaimer:
This channel is for educational purposes only; trading involves risk, so consult a financial advisor before investing.
