What are the most popular cryptocurrencies traded with INR?
Andy AndyDec 26, 2021 · 3 years ago3 answers
Can you provide a list of the most popular cryptocurrencies that are commonly traded with INR (Indian Rupee)? Which cryptocurrencies have the highest trading volume in the INR market?
3 answers
- Dec 26, 2021 · 3 years agoSure! The most popular cryptocurrencies traded with INR include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have a significant trading volume in the INR market, making them easily accessible for Indian traders. Bitcoin, being the first and most well-known cryptocurrency, usually dominates the trading volume. However, Ethereum and Ripple have also gained popularity due to their unique features and use cases. It's important to note that the popularity and trading volume of cryptocurrencies can vary over time as market trends change.
- Dec 26, 2021 · 3 years agoWell, when it comes to cryptocurrencies traded with INR, Bitcoin is the undisputed king. It has the highest trading volume and market capitalization among all cryptocurrencies. Ethereum, with its smart contract capabilities, is also quite popular in the INR market. Ripple, known for its fast and low-cost transactions, has gained traction as well. Litecoin and Bitcoin Cash are also commonly traded with INR, but their trading volume is relatively lower compared to Bitcoin and Ethereum. Overall, these cryptocurrencies offer Indian traders a range of options to diversify their portfolios.
- Dec 26, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I can confirm that the most popular cryptocurrencies traded with INR are Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash. These cryptocurrencies are widely accepted and have a strong presence in the Indian market. Many Indian cryptocurrency exchanges, including BYDFi, offer trading pairs with INR for these cryptocurrencies. Bitcoin, being the pioneer, has the highest trading volume, followed by Ethereum. Ripple has gained popularity due to its partnerships with banks and financial institutions. Litecoin and Bitcoin Cash also have a decent trading volume, making them popular choices for Indian traders.
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