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The shadow ban on cryptocurrency exchanges in India. Don’t panic, keep/transfer your funds in compliant exchanges or decentralised exchanges. You will have to pay taxes if you transfer funds to compliant exchanges. I think best option for now is to keep funds in decentralised exchanges and wait for new developments. Panic will only force you to make wrong decisions. They haven’t completely banned exchanges yet but it can happen soon. I hope binance will talk to Indian Govt. sort things out soon.
Want to Become a crypto millionaire in this bull market of 2024-2025 ?
Here are some Tips
1) Arrange the Capital to start with. Save from Job, Cut back on expenses, or work for some crypto project to get that starting capital. Never invest by taking a LOAN
2) Once you have some capital. Learn and understand the 4 Cycles in crypto and yes it is possible to start from $1000 and take that to $1M
3) Set small goals $1000 to $10,000 Then $10k to $100k then $100k to $1M. Don’t get trapped into making it big in a one shot. Take baby steps
4) Avoid futures trading and don’t get tempted to those 100x in a one trade, it will never work. You will likely loose your capital and hate crypto
5) Start learning the narrative in the market and follow some good twitter accounts to help ( there are many ). When they post something you take then and do your own research to See if that’s actually good
6) Take positions in the projects which Are undervalued and just hold for the Bull market. I bought ETH in 2019-20 at $88 and it went to $4,800 ( that’s 55x ) I wasn’t lucky, I bought after my research on how undervalued it is. Projects like FTM went 1600x
7) There are plenty of opportunities in the market, what you need to do is take positions in the bear market and hold for 1.5-2yr.Don’t Fomo and don’t panic sell
8) Investors / Holders make the real gainz not the traders. You don’t have to look at screen all day to make money.
9) Take profits and chase your $1M target slowly.
Recap - Save money, No loans, put in time and research, take positions & wait for the targets / bull market
Research and patience will make you a millionaire in crypto.