Crypto investment in 2025

[Navneetk24]

I am hearing lots of pro crypto voices online. I read on crypto years ago and understand its basics, but I am still sceptical about investing in it. I have some questions if you guys can kindly answer:
1. If I want to hold long term and not for short term speculation, which platform and coins would you suggest.
2. Is it safe to hold crypto in exchanges after WazirX hack. I am not a tech guy, so what other options do I have?
3. I have read of banks freezing accounts which did crypto transactions, is it true and how to overcome this.
4. Is crypto a liquid investment (conversion to fiat) and what tk know before I jump in.
5. Taxation of 30%. What else in taxes.
Please add any of your other tips too. Thank you.

 

[Pissant]

Use Binance. If assets are considerably big shift them to a self-custody wallet like Coinbase Wallet or Metamask. I have did plenty of transactions using my Axis/HDFC account and nothing happened. But, nowadays using the eRupee apps of the respective banks is a really safe way to go about buying Crypto p2p.

 

[Pissant]

I personally do not disclose nor pay any taxes on my Crypto so I can't really answer that question.

 

[AlgoTrader]

when i wanted to try it, govt brought in lot of regulations and taxes, so stayed away

 

[Navneetk24]

Use Binance. If assets are considerably big shift them to a self-custody wallet like Coinbase Wallet or Metamask. I have did plenty of transactions using my Axis/HDFC account and nothing happened. But, nowadays using the eRupee apps of the respective banks is a really safe way to go about buying Crypto p2p.

Thank you for your answer. Will check out binance and coin base. However i did not understand the usage of e-rupee apps for p2p buying, will you please say how it works..

 

[Dreams Of Desire 💓]

As reliance entered the market of crypto the norms will be soften.
All players have risk for hacking. So can't say for certain.
I believe this crypto is nothing but a ponzi scheme. Becomes billion or becomes zero.
Memecoin Hawk tuah coin memecoin etc.

 

[Pissant]

Thank you for your answer. Will check out binance and coin base. However i did not understand the usage of e-rupee apps for p2p buying, will you please say how it works..

You just scan the seller’s eRupee QR and make a payment to them. I feel like there is an even lesser chance of your account freezing/being put on hold as you first load money into the erupee wallet and then buy crypto. As apposed to buying it straight from your account via UPI/IMPS/NEFT.

 

[Navneetk24]

You just scan the seller’s eRupee QR and make a payment to them. I feel like there is an even lesser chance of your account freezing/being put on hold as you first load money into the erupee wallet and then buy crypto. As apposed to buying it straight from your account via UPI/IMPS/NEFT.

Okay got it, thanks again. I am new to P2P..is binance having P2P market? Or are you using private networks?

 

[Navneetk24]

As reliance entered the market of crypto the norms will be soften.
All players have risk for hacking. So can't say for certain.
I believe this crypto is nothing but a ponzi scheme. Becomes billion or becomes zero.
Memecoin Hawk tuah coin memecoin etc.

Yes...lots of new coins and meme coins, which are definately pump and dump ponzi schemes. But Trump's pro crypto stance and some countries making crypto legal tender is inducing some FOMO.

 

[Pissant]

Okay got it, thanks again. I am new to P2P..is binance having P2P market? Or are you using private networks?

Yes Binance has p2p. It is the primary method on there to purchase crypto.