NEW DELHI – Since the advent of the cryptocurrency in the trading world in 2009, its popularity has increased at an alarming rate. While cryptocurrency continues to intrigue investors, many people often confuse the cryptocurrency market with the stock market. Fundamental differences between the two.
cryptocurrencies buying vs. buying stocks / bonds: On the stock exchange, stocks can be bought and traded in two ways.
First, companies list and sell stocks and bonds on the primary market for the first time; then these stocks and bonds are traded on the secondary market with other investors on exchanges such as the BSE or NASDAQ. The risks are determined by the investment method chosen by the investor. With cryptocurrencies, trading is done by buying and selling digital currencies such as Bitcoin, Ethereum with INR, dollars, pounds, etc. A crypto asset is bought with local currency first and crypto investors directly start exploring and trading for a profit.
Trading Platforms: The Indian Stock Exchange has 8 established exchanges, of which NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) are the highest trading venues in the country. In the case of cryptocurrencies, there are online trading platforms like ZebPay that are growing rapidly and gaining ground in the fledgling cryptocurrency market in India.
Volatility and Market : Cryptocurrency exchange is an excitingly lucrative trading option that is fraught with risk due to its emerging market making cryptocurrencies extremely volatile and consequently a source of quick and high returns and a diversified trading market where investment returns are relatively easier to track and predict.
