Posts  / #POST-210629
REDDIT

New to crypto, had some questions about broker

C
May 17, 2025 · 17:57

There are soo many crypto brokers like Binance, Wazirx, CoinSwitch, CoinDCX(India)

1- Can I purchase crypto with Rupees?
(Indian currency)
If yes, then why does Binance shows all crypto
prices in dollars?

2- In India we have National Securities Depository
Limited(NSDL) and Central Depository Services
Limited(CDSL)
These are Indian depositories i.e all stock
brokers in India are associated either with the
two.

If I buy shares in the Indian stock market NSDL
and CDSL are custodians and I am a
beneficiary

Is this same for crypto currencies i.e are there
any depositories?

If I purchase crypto through a broker and that
broker shuts his operations down then will I
still claim my crypto at another platform or it's
gone forever🥲