Is it safe to invest in Bitcoin or other cryptocurrencies in India?

[Rabia]

When you invest in a stock of a company there is a paper trail and your shares are securely held in your demat account. Crypto tokens, on the other hand, are stored in wallets which aren’t overseen by any central regulatory authority. Meaning you alone are responsible for the safety of it.

If your wallet, platform or an exchange is hacked there is no recourse to seek recompense. There are no investors protection funds, unlike capital markets and, hacks are common. So how do I guarantee the safety of my accounts in this case?