If you’re a beginner looking to get started with crypto trading in India using Bedane, here鈥檚 a simple step-by-step guide:

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1. What is Bedane?

• Bedane is an Indian cryptocurrency exchange platform where users can buy, sell, and trade digital assets like Bitcoin (BTC), Ethereum (ETH), and other altcoins.
• It supports INR deposits & withdrawals via UPI, IMPS, and bank transfers.

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2. How to Get Started on Bedane?

Step 1: Sign Up

• Visit Bedane鈥檚 official website or download the app from Google Play/App Store.
• Register using your email ID or mobile number.
• Complete KYC verification by submitting PAN & Aadhaar details (mandatory for INR transactions).

Step 2: Deposit Funds

• Go to the "Wallet" section 鈫?Select "Deposit INR."
• Choose UPI/Bank Transfer/IMPS and add funds securely.

Step 3: Buy Crypto

• Navigate to the "Buy/Sell" section.
• Select a cryptocurrency (e.g., BTC, ETH) and enter the amount in INR.
• Confirm the transaction.

Step 4: Start Trading

• Explore spot trading pairs like BTC/INR or ETH/INR.
• Place market orders (instant buy/sell) or limit orders (set your price).

Step 5: Withdraw Crypto/Funds

• To withdraw crypto: Send coins to an external wallet address.
• To withdraw INR: Request withdrawal via bank transfer.

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3. Key Features of Bedane for Beginners

鉁?Low trading fees (~0.1% per trade).
鉁?Supports major cryptos like BTC, ETH, SOL, XRP & more.
鉁?Secure with two-factor authentication (2FA).

鈿狅笍 Note that crypto investments are volatile鈥攖rade responsibly!

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4. Alternatives in India

If you want more options:

• WazirX
• CoinDCX
• ZebPay

Would you like help understanding wallets or tax rules for crypto in India? Let me know! 馃殌

Great! Let鈥檚 continue with more essential details for crypto beginners in India using Bedane or other exchanges.

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5. Understanding Crypto Wallets (Self-Custody vs Exchange)

When you buy crypto on Bedane, it stays in your exchange wallet (custodial). For better security, consider moving funds to a private wallet:

馃攼 Types of Wallets:

• Hot Wallets (Connected to the internet) 鈥?e.g., Trust Wallet, MetaMask (for Ethereum-based tokens).
• Cold Wallets (Offline storage) 鈥?e.g., Ledger Nano S/X, Trezor (most secure).

鈿狅笍 Never share your private keys/recovery phrase! Exchanges can get hacked; self-custody reduces risk.

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6. Trading Basics: Spot vs Futures

馃搶 Spot Trading

• Buy/sell crypto at current market prices. Best for beginners. Example: Buying 鈧?000 worth of Bitcoin instantly.

鈿狅笍 Futures/ Derivatives Trading (Risky!)

• Trade with leverage (borrowed funds), amplifying gains/losses鈥攁void as a beginner!

馃挕 Tip: Start with small amounts in spot trading before exploring advanced strategies like staking or margin trading.

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7. Crypto Taxes in India 馃挵馃搳

The Indian government taxes cryptocurrency under:

• 30% Tax on Profits: If you sell crypto after holding and make a gain (+ TDS 1% on trades above 鈧?0k per transaction).
• No loss offset allowed against other income types yet 馃槩
  馃敆 Use tools like KoinX or CoinTracker to calculate taxes automatically.

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8 Staying Safe from Scams 馃毃

Indian crypto scams are rising鈥攑rotect yourself by:
鉁?Avoid "Telegram pump groups" promising 100x returns 鉂?br>
鉁?Never share OTPs/SMS codes with anyone claiming to be from support teams ("SIM swap fraud").
鉁?Double-check URLs before logging into exchanges (Phishing sites mimic Binance/WazirX).

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馃敟 Final Tips for Beginners:

1锔忊儯 Start small & learn first鈥攄on鈥檛 FOMO into trends blindly!
2锔忊儯 Use DCA (Dollar-Cost Averaging) 鈥?Invest fixed amounts weekly/monthly instead of lump sums during volatility.
3锔忊儯 Follow trusted Indian YouTubers/podcasts (CoinSwitch Kuber鈥檚 education section is decent).
4锔忊儯 Bookmark regulatory updates via Moneycontrol Crypto Section.

馃殌 Ready to explore further? Want help picking coins or understanding DeFi/NFTs next? Let me know where you’re stuck!