Is Safe Investing in Crypto Still a Myth in 2025?
Cryptocurrencies have long been marked as the financial industry’s future. Millions of Indians entered the digital asset market with the promise of decentralization, transparency, and possibly large returns. However, as of 2025, two significant hacks on WazirX and CoinDCX, two of India’s leading cryptocurrency exchanges, have once again sparked grave worries: Is it really safe to invest in cryptocurrency, particularly in India? The Indian ecosystem is still struggling with inadequate regulation, a lack of investor protection, and technical vulnerabilities, despite the fact that the use of cryptocurrencies is expanding globally. On the other hand, a lot of Indian traders are now investigating foreign exchange trading, which is a more developed, highly liquid, and better-regulated market. CoinDCX Hack: Insider Involvement, ₹380 Crore Lost According to an NDTV report from July 2025, CoinDCX, one of the biggest cryptocurrency exchanges in India, experienced a ₹380 crore security breach. The initial investigation revealed that an insider employee with access to backend systems was responsible for the breach, which was not solely the result of external hacking. The accused person was taken into custody by the authorities. But the incident sent a shockwave through the industry. Once renowned for its large user base and funding rounds, CoinDCX is currently under fire for its internal security flaws. A resolution, reimbursements, or even updates are still pending for investors impacted by the breach. This demonstrates how precarious investor protection is in India’s cryptocurrency market. WazirX Security Breach: Exposure of ₹2,000 Crore in User Funds WazirX, another prominent Indian exchange, experienced a massive hack just weeks after the CoinDCX incident. According to The Times of India, a staggering ₹2,000 crore worth of assets were compromised. According to reports, the attackers used technical flaws to obtain access to the platform’s wallet management systems. The platform’s slow response, lack of transparency, and uneven communication with impacted users exacerbated this breach. Trust was further damaged when many retail investors experienced account freezes during market turbulence. One thing emerged from both situations: the Indian cryptocurrency market is not yet safe or well-regulated enough to provide investor protection comparable to that of other countries. Indian Investors Are Now Considering a Safer Option: Forex Trading Following these incidents, an increasing number of Indian traders are using foreign forex trading platforms. Forex trading is highly regulated, transparent, and supported by international financial laws, in contrast to cryptocurrency exchanges that operate in gray legal areas. The world’s most liquid financial market, the forex market, is open around-the-clock and is where currencies are traded internationally. But the secret is this: Trading forex with Indian brokers differs significantly from trading with foreign brokers. Indian Forex vs International Forex: A Clear Comparison Feature Indian Forex Trading International Forex Trading Regulators SEBI, RBI FCA (UK), ASIC, CySEC Currency Pairs INR-based only All major/global pairs Leverage Up to 1:20 Up to 1:500 Tax & GST 18% GST + capital gains No GST; country-specific tax only Onboarding PAN, Aadhaar, income proof Minimal or no KYC Platform Access Limited MT4, MT5, cTrader Fund Transfers Strict FEMA rules Cards, wire, crypto (USDT) Withdrawals Subject to RBI/FEMA Flexible, global transfers Strategies Allowed Often restricted Scalping & hedging supported Liquidity Local markets only Deep institutional liquidity Support Hours Indian business hours 24/7 multilingual global support Why More Traders Are Moving to International Forex The cryptocurrency and forex markets are still severely restricted and overregulated, despite the fact that Indian regulators are gradually moving toward greater clarity in these areas. Domestic forex and cryptocurrency are less appealing due to stringent fund controls, limited trading instruments, tight leverage, and an 18% GST on services. On the other hand, there are fewer limitations on Indian traders’ access to international markets thanks to foreign forex brokers. Better leverage, quicker trade execution, and access to a variety of asset classes (currencies, commodities, indexes, and crypto CFDs) are all benefits. Additionally, there is no GST on services like commissions or spreads, and depending on broker policies, profits can frequently be kept in the trading account or withdrawn internationally. How We Assist You in Beginning – Securely & Rapidly We are aware of the hesitancy Indian investors have when switching to global platforms. To make it safe and simple for you to get started, we provide end-to-end support. Account setup with the following internationally reputable forex brokers is one of our services. Links to Open a Forex Trading Account. Open Free Demo Forex Trading Account: ✅ PU Primehttps://puvip.co/fiaqEf ✅ Doo Primehttps://user-ind.dooprimeglobal.com/signup/bnvk-bsuwiqekc-A01 ✅ Alpari(FXTM)https://alpari.com/?Referral=71912 We offer complete support, from registration to funding and even strategy advice, if you would rather have one-on-one help. What You Get: Get Started Right Now We can assist you if you are prepared to safely and confidently expand your trading internationally. To start trading with some of the most reputable brokers in the world, open an account with PU Prime, Doo Prime, or Alpari. To begin, get in touch with us right now, or open your account right away by clicking on any of the broker links above. For any helpCall: 9297506666Visit: www.thesafetraderacademy.com