Are ICO legal in India?
While ICOs are not yet regulated in India and were even banned from the Chinese markets, the US and Japanese markets have been opening up to the idea of raising funds through ICOs.
Can I invest in Cryptocurrency in India?
Some of the top crypto exchanges in India are — WazirX, CoinDCX, Coinswitch Kuber and Unocoin—users have to sign up with their KYC credentials, download the app, and buy cryptocurrency. These exchanges also help you to monitor the value of cryptocurrency and buy or sell it. Cryptocurrency can be purchased fractionally.
Should you invest in an Initial Coin Offering (ICO)?
If you’ve been kicking yourself for not getting in on the ground floor of blockbuster coins like Bitcoin and Ethereum, you might want to consider looking into investing in an initial coin offering (ICO). Be warned, however: ICOs are highly risky even under the best of circumstances and have a high potential for scams.
What do you need to buy into an ICO?
To buy into an ICO, you’ll need cryptocurrency and a cryptocurrency wallet. Any combination of coin and wallet may be requested for a given ICO. However, in many cases, you specifically need Ethereum (AKA “ether”) and a MyEtherWallet (or a full Ethereum Wallet ). This is because many ICOs are token-based systems built on the Ethereum blockchain.
How risky is it to invest in an ICO?
If investing in the coins with the highest market caps is risky, and investing in altcoins with low market caps is even riskier, then ICOs are even riskier than that. If you invest, please do your homework and be prepared for some ICO investments not to pan out.
Can you buy Ico tokens after they launch?
TIP: One thing to keep in mind is that you can buy ICO tokens after they launch (often at a lower price than are offered during the ICO) if you are savvy enough. Many ICO tokens have done well over time, but few have consistently traded above their ICO price during the first few months after launch.