Sharan Nair on LinkedIn: How many crypto users does India have? Every few months, there is a… | 11 comments (2024)

After the new developments in India’s Web3 sector, learn about the new crypto asset class audience it has attracted,by clicking this link - https://lnkd.in/d2KbSBr3 #CoinDCX #LifeAtCoinDCX

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In the World of Crypto, Who Are India's Top Crypto Experts? | Mint: 1. Lavish Choudhary · 2. Abhyudoy Das: A Multifaceted Crypto Expert in India · 3. Sumit Gupta: Shaping the Future of Crypto · 4. Ashish Singhal:...

A 37% increase from 2022 - 2023 YoY in crypto adoption.The number of crypto users worldwide increased to 417.5 million as of May 2023 from 305 million in 2022, with an over 36.88% surge. Asia has become the continent with the highest crypto user number. The region also showed the biggest growth by doubling the number of crypto users from 130 million to 260 million in a year. Oceania, South America, and North America experienced relatively smaller growth in related figures. On the other hand, Europe and Africa have become the only two continents seeing a decrease in the number of crypto users year over year (YoY)https://lnkd.in/gRcA8cwS

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“As always, India will be left behind and this time it's the WEB3 Revolution.”And if this actually happens, we will be missing out on a huge opportunity.We all know that Web3 is going to be one of the biggest revolutions.And India's tax laws for crypto is becoming a hindrance for Indians to make the most of this revolution.Recently, I had a chat with Crypto Ady, one of India's top crypto content creators, about it.Crypto Ady isn't just making videos for fun, he's trying to make a difference.Two years back, he started a petition and movement called #ReduceCryptoTax. Over 1.5 lakh people joined in, all asking for fairer rules in the crypto world.Why does this matter? Well, the current crypto tax situation in India isn't just stopping new ideas, it's also holding us back from joining the global crypto revolution.Because of this, all big crypto companies are moving out of India.Crypto Ady shared how crypto isn't just about making money, it's about being at the forefront of something innovative instead of staying behind.He's using his voice to stand up for millions of Indian crypto enthusiasts.I even shot a 30-minute video of the conversation I had with Ady.He shared powerful insights and potential solutions for India's crypto future. You can soon watch the whole video on my YouTube channel.P.S. Huge thanks to Crypto Ady (Crypto India) for joining me on this important conversation!Are you worried about India's future in crypto?Share your thoughts in the comments! 👇

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Just a few years ago, it seemed cryptocurrencies and social media could not be connected in any way other than news. However, in the last year, there have been many integrations of blockchain and online platforms. Today, we will talk about the news related to crypto and social media that happened over the past week.Telegram Will Share Profits With UsersStarting in March, owners of Telegram channels in more than 100 countries will be able to receive financial rewards for their work. The app’s founder, Pavel Durov announced this on his official channel.“Broadcast channels on Telegram generate 1 trillion views monthly. Currently, only 10% of these views are monetized with Telegram Ads — a promotion tool designed with privacy in mind.In March, the Telegram Ad Platform will officially open to all advertisers in nearly a hundred new countries. Channel owners in these countries will start receiving 50% of any revenue that Telegram makes from displaying ads in their channels.” said Durov.All payments and withdrawals will be made on The Open Network (TON) blockchain. This network is being developed by the same company as Telegram. They will sell ads to channel owners and share the revenue in Toncoin.“This will create a virtuous circle, in which content creators will be able to either cash out their Toncoins — or reinvest them in promoting and upgrading their channels”, explains the founder.Exchanges Face Massive Bitcoin Withdrawals Every DayThe withdrawal of the world’s first cryptocurrency from exchanges is happening at a pace that the crypto industry has not seen in many years. This is because the price of Bitcoin is currently on the verge of exceeding its historical high. Crypto analyst James Van Straten drew attention to this phenomenon and the huge volumes of Bitcoin withdrawn from exchanges on March 3 in his X.Data from the Glassnode market analysis platform showed that more than $2 billion worth of Bitcoin was withdrawn on the first day of March. Van Straten commented on the situation as follows: “I don’t think I’ve quite seen anything like this before”. The total amount of funds withdrawn that Friday exceeded $2.3 billion, one of the largest outflows in a long time.These withdrawals are comparable to the outflows seen in June 2021, which also saw record withdrawals.Glassnode’s data shows that as of March 2, the total amount of Bitcoin assets available on exchanges fell to 2,286,347 BTC ($142.5 billion). This is the lowest figure since March 2018, when the value of the cryptocurrency was around $8,000.WhiteBIT Has Become an Official Broker of TradingViewWhiteBIT, one of the largest cryptocurrency exchanges in Europe, has been officially added to the list of brokers on TradingView. The exchange announced this in a blog post. From now on, users will be able to trade on the platform by linking their crypto wallet and using the balance on the exchange.In addition, users will be able to analyze the market

I was nervous... pacing up and down the floor, waiting for a phone call from my mother that day. It was June 2020.A few days ago, we had shut down a profitable global product to focus purely on the Indian market. We could do that now because the Supreme Court had lifted the ban on crypto. But there was no easy way for Indians to buy crypto.So we launched CoinSwitch to simplify #crypto trading. We were the last to enter the Indian market and I had serious doubts about the future.After weeks of working day and night, we thought we had simplified the crypto experience. Our users didn’t have to remember key phrases or understand wallets and complex charts to invest in crypto. We did our best. But the doubts wouldn’t go away: is CoinSwitch really simple enough for mainstream adoption in India?Around that time, the Covid lockdown was in effect... my parents were in my hometown Meerut. I used to talk a lot about crypto at home. So my mother wanted to find out what is this “new thing” for which I had staked my career.माँ isn’t very tech-savvy and is in her sixties. So if she could buy crypto on our app, I knew we were ready for mainstream India, not just the Indiranagar, Koramangala, and HSR belt. So I asked her to try our app and find out.If we had “product mother fit,” I was certain we would achieve product market fit. I waited for her to call me about her experience. A few hours later, the phone rang. She said she had bought her first crypto — #Bitcoin. And then another — #Ethereum! She did all this on CoinSwitch without any external help.That moment when my mother called and said she had bought her first crypto, it hit me why it’s important to simplify the user experience. And it has become an important part of our product philosophy ever since.From that moment onward, there was no looking back for me. My doubts had evaporated. Within six months of launch, we had over one million downloads. Today we are over 2 crore users in India.PS: As the bull market sets in this time, I see a lot of new users looking to invest in crypto. If you are new to crypto, try CoinSwitch. We built it for you: https://bit.ly/4avNgZD

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WAZIRX REVIEW: IS THIS INDIA’S MOST TRUSTED CRYPTO EXCHANGE?WazirX has gained over 2 million users over the past three years, making it one of India’s more active crypto exchanges, taking the official count of over 15 million since its inception.With features like auto-matching for P2P trades followed by a robust and rewarding referral system, WazirX certainly has several aces up its sleeve, in addition to basic trading. But is it a good platform to be on?This crypto broker has a massive social presence with Twitter, Instagram, LinkedIn, and other handles listed on the home page.By the end of this detailed review piece, you should be able to answer the question yourself. I shall now evaluate this crypto broker across diverse parameters, showcasing its strengths and weaknesses. So let us waste no more time and get started.WazirX: Pros and ConsIn a hurry to decide! Here are the pros and cons of the WazirX platform, which can help you quickly pick a side:ProsSupports over 275 cryptocurrencies and over 450trading pairs.Supports quick Peer-to-peer tradesFast KYC and account setup processFree crypto-fiat swapsAuto TDS deduction for keeping up with the guidelinesAn info-loaded blogFeatures an NFT marketplaceMulti-platform app supportExcellent liquidity for most crypto marketsConsNo support for derivatives and margin tradesAttracts a fiat withdrawal feeNow let us delve deeper into the more granular details.As of August 2023, the XRP/INR is the most active trading pair at WazirX, followed by USDT/INR for P2P deposits.History and Background: The WazirX StoryIt was in March 2018 when three individuals started WazirX — Nischal Shetty, Siddharth Menon, and Sameer Mhatre, under the entity termed the Zanmai Labs. Since then, thecrypto broker turned exchangehas always tried to make crypto accessible to the Indians, all while scaling newer heights.In 2019, WazirX expanded to the global crypto community, tying up with Binance in the process.And while 15+ million users have used the WazirX app in some capacity, the platform currently boasts a registered user base of 6 million.In 2020, WazirX joined hands withBinanceto set up a $50 millionBlockchain India Fund, helping relevant projects kickstart their gigs.WazirX even published theirProof-of-Reserves reportearlier this year — 2023 — citing nearly 90 percent of the user assets in Binance wallets. Per the last update, 19 percent of the total reserves comprised Shiba Inu (SHIB), followed byBTCand ETH.What Does WazirX Offer?Unlike some of the other Indian crypto brokers that rely way too much on complex offerings like margin trading, derivatives, fixed earn plans, and even other financial products like FDs andMutual Funds, WazirX keeps things strictly crypto and that too trading oriented.Here are some of the features that make thiscrypto brokerstand out:Read more:https://lnkd.in/erXSS6DS#cryptocurrency#trading#broker#crypto

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WAZIRX REVIEW: IS THIS INDIA’S MOST TRUSTED CRYPTO EXCHANGE?WazirX has gained over 2 million users over the past three years, making it one of India’s more active crypto exchanges, taking the official count of over 15 million since its inception.With features like auto-matching for P2P trades followed by a robust and rewarding referral system, WazirX certainly has several aces up its sleeve, in addition to basic trading. But is it a good platform to be on?This crypto broker has a massive social presence with Twitter, Instagram, LinkedIn, and other handles listed on the home page.By the end of this detailed review piece, you should be able to answer the question yourself. I shall now evaluate this crypto broker across diverse parameters, showcasing its strengths and weaknesses. So let us waste no more time and get started.WazirX: Pros and ConsIn a hurry to decide! Here are the pros and cons of the WazirX platform, which can help you quickly pick a side:ProsSupports over 275 cryptocurrencies and over 450trading pairs.Supports quick Peer-to-peer tradesFast KYC and account setup processFree crypto-fiat swapsAuto TDS deduction for keeping up with the guidelinesAn info-loaded blogFeatures an NFT marketplaceMulti-platform app supportExcellent liquidity for most crypto marketsConsNo support for derivatives and margin tradesAttracts a fiat withdrawal feeNow let us delve deeper into the more granular details.As of August 2023, the XRP/INR is the most active trading pair at WazirX, followed by USDT/INR for P2P deposits.History and Background: The WazirX StoryIt was in March 2018 when three individuals started WazirX — Nischal Shetty, Siddharth Menon, and Sameer Mhatre, under the entity termed the Zanmai Labs. Since then, the crypto broker turned exchange has always tried to make crypto accessible to the Indians, all while scaling newer heights.In 2019, WazirX expanded to the global crypto community, tying up with Binance in the process.And while 15+ million users have used the WazirX app in some capacity, the platform currently boasts a registered user base of 6 million.In 2020, WazirX joined hands withBinanceto set up a $50 millionBlockchain India Fund, helping relevant projects kickstart their gigs.WazirX even published theirProof-of-Reserves reportearlier this year — 2023 — citing nearly 90 percent of the user assets in Binance wallets. Per the last update, 19 percent of the total reserves comprised Shiba Inu (SHIB), followed byBTCand ETH.What Does WazirX Offer?Unlike some of the other Indian crypto brokers that rely way too much on complex offerings like margin trading, derivatives, fixed earn plans, and even other financial products like FDs andMutual Funds, WazirX keeps things strictly crypto and that too trading oriented.Here are some of the features that make this crypto broker stand out:Read more:https://lnkd.in/erXSS6DS#cryptocurrency#international#broker#crypto

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How Can Alpyne Labs (Backed by 100x) Help Your Business Accept Crypto Payments Using INR?Do you own a business and are planning to make the most out of the thriving Indian market? Are you considering expanding your business payment options to include digital assets?With the increasing popularity of cryptocurrencies, businesses are seeking ways to accept digital assets as payment. If you're planning to expand your business into the Indian market, Alpyne provides a seamless solution for accepting fiat payments in exchange for cryptocurrencies.We offer an ideal solution for accepting payments in Indian rupees (INR) in exchange for cryptocurrencies.Alpyne is a trusted platform that helps users to buy and sell cryptocurrencies with the lowest processing fees. It supports multiple payment methods, including UPI, IMPS and NEFT, making it easy and convenient for users to deposit INR and buy crypto. With Alpyne, businesses can provide their customers with a fast, efficient, and cost-effective way to purchase their products or services using digital assets.Never miss a good investing opportunity with Alpyne’s best real-time rates and secure transactions, businesses will easily be able to reach the Indian user base, get the lowest rates, and assure that all the regulations required to operate in India are taken care of. Look forward to minimizing costs and maximizing profits, with Alpyne’s unique banking relationships, custom integration and regulatory support. Alpyne offers support for a variety of blockchains, including TRON DAO, Ethereum, Polygon Labs, Solana Labs and more to come. This flexibility empowers businesses to select the blockchain that aligns with their specific requirements and preferences.Alpyne offers an extensive range of features through our onramp and offramp solutions. When using Alpyne for your business payments, you can enjoy a significant reduction in transaction dropouts by up to 70%, along with lightning-fast onboarding in under 60 seconds. To sum it up, Alpyne is an invaluable platform for businesses aiming to accept fiat payments in exchange for cryptocurrencies in India. With its competitive fees, diverse payment methods, and compatibility with multiple blockchains, Alpyne emerges as the perfect solution for businesses seeking to tap into the expanding Indian crypto market.Durgaprasad MujumdarShabahat M. AyubiNabhdeep ChoudharyBharat kumar NarayanaPranav BGRajkumar MaragathavelHarsh*t SainiBhairavi J. #Alpyne #web3#crypto #business #onramp

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WAZIRX REVIEW: IS THIS INDIA’S MOST TRUSTED CRYPTO EXCHANGE?WazirX has gained over 2 million users over the past three years, making it one of India’s more active crypto exchanges, taking the official count of over 15 million since its inception.With features like auto-matching for P2P trades followed by a robust and rewarding referral system, WazirX certainly has several aces up its sleeve, in addition to basic trading. But is it a good platform to be on?This crypto broker has a massive social presence with Twitter, Instagram, LinkedIn, and other handles listed on the home page.By the end of this detailed review piece, you should be able to answer the question yourself. I shall now evaluate this crypto broker across diverse parameters, showcasing its strengths and weaknesses. So let us waste no more time and get started.WazirX: Pros and ConsIn a hurry to decide! Here are the pros and cons of the WazirX platform, which can help you quickly pick a side:ProsSupports over 275 cryptocurrencies and over 450trading pairs.Supports quick Peer-to-peer tradesFast KYC and account setup processFree crypto-fiat swapsAuto TDS deduction for keeping up with the guidelinesAn info-loaded blogFeatures an NFT marketplaceMulti-platform app supportExcellent liquidity for most crypto marketsConsNo support for derivatives and margin tradesAttracts a fiat withdrawal feeNow let us delve deeper into the more granular details.As of August 2023, the XRP/INR is the most active trading pair at WazirX, followed by USDT/INR for P2P deposits.History and Background: The WazirX StoryIt was in March 2018 when three individuals started WazirX — Nischal Shetty, Siddharth Menon, and Sameer Mhatre, under the entity termed the Zanmai Labs. Since then, the crypto broker turned exchange has always tried to make crypto accessible to the Indians, all while scaling newer heights.In 2019, WazirX expanded to the global crypto community, tying up with Binance in the process.And while 15+ million users have used the WazirX app in some capacity, the platform currently boasts a registered user base of 6 million.In 2020, WazirX joined hands withBinanceto set up a $50 millionBlockchain India Fund, helping relevant projects kickstart their gigs.WazirX even published theirProof-of-Reserves reportearlier this year — 2023 — citing nearly 90 percent of the user assets in Binance wallets. Per the last update, 19 percent of the total reserves comprised Shiba Inu (SHIB), followed byBTCand ETH.What Does WazirX Offer?Unlike some of the other Indian crypto brokers that rely way too much on complex offerings like margin trading, derivatives, fixed earn plans, and even other financial products like FDs andMutual Funds, WazirX keeps things strictly crypto and that too trading oriented.Read more:https://lnkd.in/erXSS6DS#cryptocurrency#exchange#broker#crypto

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