We all want to lead a comfortable and healthy life, but it is necessary to have money for this. If someone is following his passion for earning money, then someone is trying to reach that target by setting a target according to his interest.
But to become rich, it is not enough to earn money but also have to make suitable investments. A good investor invests in every sector according to his knowledge and gets good returns. At present, apart from the stock market, cryptocurrency is also an excellent option for investment.
In today’s time, whether anyone knows about Crypto Currency or not, everyone has heard the name of Bitcoin. The price of Bitcoin had increased very rapidly in the last few years and later became stable, and some time ago, it saw a bounce back once.
Apart from Bitcoin, there are many such CryptoCurrency that gets good returns, but hardly anyone gets stable and best returns like Bitcoin. If you also want to invest in cryptocurrency, then bitcoin can prove to be a great option.
In this article, we will talk about ‘ what is bitcoin and how to buy bitcoin ‘.
What is Bitcoin?
The rupee and the dollar are a kind of currency in the same way Bitcoin ( Bitcoin ) is a digital currency type. Bitcoin is a little different from the rest of the money. Due to being virtual, i.e. virtual, we can neither see nor touch it.
- How to invest in bitcoin
But we can use it the way we do with the money present in any wallet like Paytm or PhonePe. The price of cryptocurrency keeps fluctuating and rising, which is also an excellent option for investment.
Bitcoin can be saved and kept in an online wallet via the Internet. It can be counted, spent, and transactions can be checked through the wallet itself. Satoshi Nakamoto invented Bitcoin in 2009, and today, it is the world’s largest and most expensive cryptocurrency.
Investing in bitcoin has changed many people’s lives because its price suddenly went from very low to high.
Bitcoin can be seen as a decentralised currency; no one has any control over it. Neither any bank of any country has rights on bitcoin nor any other private institution.
Bitcoin and other cryptocurrencies are also banned in many countries, but Bitcoin transactions can be done in India. Bitcoins can be sent directly from one wallet to another. The value of bitcoin keeps on fluctuating, and currently, the value of bitcoin is more than 20 lakh rupees.
Uses of Bitcoin
Bitcoin is a cryptocurrency that we can use in many ways. The most extensive use of cryptocurrency is that it can be invested in it like the stock market because its price keeps fluctuating.
- how to buy bitcoin in India
- how to earn free bitcoin
But there are other uses of bitcoin as well, which are as follows:
- Online shopping can be done through bitcoin.
- You can use bitcoin for national and international payments.
- Through bitcoin, you can also buy another cryptocurrency; that is, you can exchange them.
- By selling bitcoin, you can get money directly in your bank account.
The Technology Behind Bitcoin
Many people want to invest in bitcoin. But in this fast-moving digital world, even today, the executives are afraid of digital investment. The main reason for this is that they do not understand the technology behind it.
If you want to invest in cryptocurrency or bitcoin, you need to understand its technology. Bitcoins are entirely based on Blockchain technology.
Blockchain technology is a type of open-source digital technology. Blockchain is considered a type of Digital Ledger. The ledger can be viewed as a type of record where debit and credit transactions are posted. If we understand Blockchain in simple language, it is such a digital book where debit and credit transactions are recorded.
Bitcoin records are also recorded through blockchain technology. This shows that where to whom and how many transactions were done. Satoshi Nakamoto also invented this technology with bitcoin, on which today hundreds of cryptocurrencies rest.
How to Earn Money By Investing in Bitcoin?
Investing in bitcoin is exactly like investing in the stock market. Bitcoin is legal in many countries, but in India, money can be earned from legal bitcoin. The value of bitcoin keeps on fluctuating.
Like a month ago, the price of bitcoin was 18 lakh, and one is 20 lakh rupees. Maybe next month, the cost of bitcoin will be 25 lakhs, or it will go back to 18 lakhs.
Investing in bitcoin can also be considered investing in the stock market or real estate, but it is a bit more unpredictable.
How is Bitcoin Bought?
To buy bitcoin in India, you must verify it by creating an account on a trusted wallet. After that, you will accept bitcoin directly through Debit Card, Net Banking, Credit Card etc.
The way you can buy stocks in today’s time is with the help of trading websites and apps; in the same way, you can easily buy bitcoins. The most reliable websites/apps to buy bitcoins are Wazirx, Unocoin, Zebpay etc.
1. How to Buy Bitcoin from Wazirx
Wazirx is currently the most preferred and most used cryptocurrency exchange in India. In this, anyone can buy and sell cryptocurrency very quickly. At the same time, its UI is very friendly and intuitive to use. At the same time, you also get to see many new features in this.
1. Accessible Across Platforms – You can use the WazirX trading platform on many different platforms to access Web, Android smartphones, Apple iOS mobiles, Windows and Mac systems.
2. Range of Cryptocurrency – In this, you can trade around 100+ cryptocurrencies pair with USDT. USDT is a Tether USD currency that is 1:1 backed by US dollars.
3. Speed Transaction – Their platform is very stable, and it has the capability that it can easily handle crores of transactions smoothly.
How to buy
If you want to buy Bitcoin or any other cryptocurrency, then you can buy Wazirx. You can buy by visiting the website.
2. How to Buy Bitcoin with Unocoin
Unocoin is considered to be the best option to buy bitcoin in today’s time. You can easily buy and sell bitcoins by creating an account on Unocoin. With the help of Unocoin Wallet, you can purchase bitcoins with zero per cent payment fees.
With the help of Unocoin, you can buy and sell bitcoin at any time, that is, with the use of this wallet, you can also invest long term in bitcoin, and you can buy and sell it instantly. With the help of Unocoin, you can also trade on bitcoin like a stock market.
3. How to Buy Bitcoin with Zebpay
Zebpay is an easy-to-use platform that you will learn to use very quickly. Creating an account on Zebpay is very easy. To create an account on Zebpay, you need to do KYC and upload some standard documents like PAN cards.
With Zebpay, you can buy and sell bitcoins and mobile recharge, DTH recharge, online shopping, etc. Zebpay’s app is also present on the Play Store so that you can easily do bitcoin transactions from your smartphone.
How to Sell Bitcoins?
Selling Bitcoin is as easy as buying it. Why only bitcoin? If you want, you can buy and sell any cryptocurrency. The best exchange in such a case is “Wazirx”. I use it and also encourage everyone to use it.
This is because this exchange is very trustworthy, and its founder is also an Indian. They have been doing an excellent job for the past several years and will continue to do so.
What did you learn today?
I hope you have liked my article on how to buy bitcoin. It has always been my endeavour to provide complete information about the future of bitcoin to the readers to be seen on any other sites or websites. There is no need to search in the context of that article on the internet.
This will also save their time, and they will also get all the information in one place. If you have any doubts about this article or want that there should be some improvement, you can write comments below for this.
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