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Binance is well known crypto exchange which also provides various other crypto related services. One of these services is the ability to invest cryptocurrency. It is one of the few platforms in India that allows you to invest different cryptocurrencies. In this article, we will take you through a step-by-step guide on how to invest cryptocurrencies in India on Binance.
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Bet Crypto Meaning
Before we move forward with the investment guide, let’s take a brief look at what investing is and what benefits it provides.
Fit is a low risk method of earning interest on your crypt. Think of it as a fixed deposit for cryptocurrency. Your crypto is locked for a certain period of time, earning interest during that period. When the period ends, your crypt is returned to your wallet along with the interest they earned. It is an excellent option for long-term cryptocurrency holders.
Also, read | 3 best ways to earn passive income from cryptocurrency
How to invest crypto in India
We will use Binance to invest as it is a reliable platform and one of the few stock exchanges that allow investing in India from now on. You can choose between Locked and DeFi Staking. Investment closed is when your crypt is locked for a certain period and earns interest only when that period ends.
DeFi Staking have Flexible period so you can withdraw your crypt at any later time without losing interest. It allows you to participate DeFi projects and Dapps. So instead of going through the hassle of creating and understanding a private wallet and DeFi platform, you can invest directly through Binance.
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Prerequisites
- Verified Binance Account
- The cryptocurrency you want to invest
Investing in Binance
Step 1: On the Binance homepage go to To earn section at the top, then select Fit from the list.
Now you can choose between Locked and DeFi Staking. We’ll look at Locked Staking, but the process is similar for both.
Step 2: To go Locked Staking, And select the cryptocurrency you want to invest. You have over 80 options available.
Step 3: Once you find the right one, choose the duration of the commitment. Some cryptocurrencies have a minimum duration of 30 days. Then click on Bet now.
Step 4: You must enter the amount you want to invest. In the lower right corner you should see the interest rate based on the duration and summary of your deposit.
Step 5: Once you have completed everything, just accept the terms and services and click on Confirm.
Great! You have successfully invested your crypt. You can view its status on the Wallet overview page.
Also, read | Top 5 Crypto-Based Debit Cards in India with Advantages and Disadvantages (2022)
Finish
Investing is a useful low-risk method for long-term owners or those who just want to earn passive income from their cryptocurrency. In the future, there could be more platforms that allow cryptocurrencies to be invested and provide more benefits. This was our guide on how you can invest cryptocurrencies in India using Binance. We hope the process was simple and easy to follow.
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