Buy ICP Coin in India — Step by Step guide for beginners
How to buy Internet Computers (ICP)in India?
What is ICP Coin?
The Internet Computer Protocol is the world’s first blockchain that operates at web speed and has limitless capacity. Along with Bitcoin and Ethereum, it is the third major blockchain innovation — a blockchain computer that scales smart contract computation and data run at web speed, processes, and stores data efficiently, and provides powerful software frameworks to developers.
Key elements of ICP Coin include:
Unstoppable Rally Since Its Launch
The ICP coin first appeared on the market in May 2021. Within a few days of its debut, it soared to an all-time high of $737.20 on May 10th. It is one of the top ten cryptocurrencies in the market, ranking eighth on CoinMarketCap with a market cap of $39,378,980,310.
Internet Computer A Unique Crypto Project
The Internet Computer is a revolutionary public network that enables an infinite environment for smart contracts to run at web speed and reduces computing costs by a million times. It is a public blockchain with several novel features that set it apart from other smart contract-enabled blockchains.
ICP, the Internet Computer network’s native utility token, is primarily used for network processing power. As the tokens used in transactions are burned, the currency becomes deflationary. The maximum supply of ICP tokens is 469 million, with 123 million already in circulation.
Internet Computer Is Going To Explode In 2021- 2026
ICP has gained so much popularity and attraction in such a short period of time that analysts predict the coin will explode with bullish momentum in the coming years. ICP is a great long-term investment option for investors, according to Wallet Investor. It forecasts that a $100 investment in ICP could be worth up to $1,634.33 by 2026.
How to Buy ICP Coin?
The easiest way to buy Internet Computer ICP in India is on BuyUcoin with INR or you can also buy ICP in India directly. BuyUcoin supports wire transfers and credit card payments to buy Bitcoin, Bitcoin Cash, Litecoin & Ethereum. The Internet Computer is the first blockchain in the world to run at unlimited online speed — a blockchain computer, scale smart contract calculation and data, operate it efficiently at web speed, process and store data, and provide developers with powerful software frames.
Step by Step Guide For Beginners, How to Buy ICP Coin in India?
BuyUcoin is an exchange that provides buying and selling ICP coins in India as well as other cryptocurrencies. Below is a step by step guide for buying ICP Coin via BuyUcoin:
Step 1 — Open a Digital Wallet
A digital wallet houses your cryptocurrencies and uses blockchain technology to communicate with other citizens. It is important to make in-depth research before you decide what one is best for you, however, there are several providers of digital wallets. Today, BuyUcoin’s the leading digital wallet provider.
Step 2 — Register & Open an Account
When you enter the BuyUcoin/Signup account, register and open a service account. Choose your person or company form of account. Choose your country and adhere to the terms and conditions of your crypto-trading account.
For the Indian jurisdiction, KYC and AML are compulsory. Your data are secure and encrypted and stored only in Indian data centers. To complete your KYC, you are redirected to another URL. With your last selfie, please be ready. Pictures of your pan card will be required. The mobile number connected to your Adhar is important.
Step 4-Google 2 step Verification
To use 2FA, the Authenticator app must be enabled on your smartphone or tablet. If enabled, any time you log in to your BuyUCoin, you will be asked to include a 6- digit one-time password with your email and password. This only functions when an email and password are entered. You should set up 2FA for your social media provider settings by using Facebook or LinkedIn.
Step 5-Add Bank details
Add your name credentials, the account name of the holder, and the IFSC code information.
Trade ICP Coin
At BuyUCoin you can not only buy/ sell at the best ICP price in INR but also more than 110 cryptocurrencies and It follows payment industry best practices with strict KYC-AML policies because of these features BuyUCoin has become a leader in the Indian cryptocurrency Market of cryptocurrency exchanges.
The price of ICP at writing time is INR 2755,46 with a trading volume of 24 hours INR 12.071.484.198, where the market capitalization of ICP is 377,220,800,083 INR. It has 136,899,214 ICP coins in circulation and 469,213,710 ICP coins in circulation.
Can I Use Regular Money to Buy ICP Coin?
Yes, you can use regular money to buy ICP Coin as BuyUcoin is one of India’s leading crypto exchanges that support trading with fiat currencies like ICP — INR pairs.
It is a good time to invest in ICP and other cryptocurrencies while the price is still low and the upturn has not fully subsided. In any event, buying on the way up could be a safer method. However, it’s early and you set up your lengthy exchange before things start moving. This is a significant advantage because it enables any device, including smartwatches and mobile phones, to validate the authenticity of artifacts from the Internet Computer.
Getting an ICP Coin Wallet
As BuyUcoin is a multi-exchange wallet all the tokens are viable to exchange with INR and it also supports good and efficient cold storage wallets for cryptocurrencies. BuyUcoin Wallet for ICP can be downloaded here.
The mobile app is compatible with a variety of crypto tokens and blockchain wallets. You have complete control over your funds with BuyUcoin Wallet. Within the mobile interface, you can receive, send, store, and exchange your cryptocurrency.
ICP Coin Exchanges
You can easily exchange any token or coin using BuyUcoin as the intermediate exchange medium. Whether you want to buy ICP in India or you want to sell ICP in India at the best ICP price in INR then you can count on Buyucoin- The most secure and safest platform in India.
It is the best Indian Exchange that offers ICP to INR trading pairs. It is India’s most secure, dedicated, User friendly, and trusted digital exchange.
The unique feature of the Internet Computer is its proprietary protocol, Internet Computer Protocol, which is designed to allow anyone to create software or publish information on the internet without relying on web services provided by large corporations such as Amazon, Google, or Facebook.
Its creator, Dfinity’s chief scientist Dominic Williams, claims that the protocol provides a hack-proof infrastructure, lowers costs, and is interoperable. The Internet Computer blockchain, in contrast to Ethereum, is much faster and less expensive, and its speed and capabilities are comparable to the internet.
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Buy ICP Coin in India — Step by Step guide for beginners was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.