What is Bitcoin and How it Works ? Understand in Simple & Easy Way || What government Says about Bitcoin
Bitcoin
You All must be listening about Bitcoin. what is bitcoin? Here are some of the advantages of buying or selling it. So first let's know what is bitcoin. Bitcoin is an virtual currency you can also say that it is a kind of cryptocurrency, it means that nor you can see it nor you can touch it. if you want to buy something online there is always an option to pay with Bitcoin like rupees,dollars, Euro Bitcoin is also a kind of currency but the only difference is that you cannot touch or see it. Bitcoin was invented in 2008 by satoshi Nakamoto during this time when was newly launched it was very unknown two people Bitcoin price during 2009 was 0.23 rupees but in 2017 the rates and value of cryptocurrencies touched the sky and if we specifically talk about Bitcoin, The value of Bitcoin in 2013 was just 985 rupees and during 2017 Bitcoin value rise rapidly and was around 20000 rupees now in 2020 the value of 1 Bitcoin is 6,37,854.
Click here to get latest Value of Bitcoin in india
Now let's know how to buy Bitcoin in India. The most popular and commonly used websites in India are:-
Zebpay
Unocoin
To buy Bitcoin you have to first go to their official websites or download their official apps from playstore app Store and then sign up.the important documents you will need to sign up there are voter ID card, Aadhar card, PAN card and bank account details.as soon as you will enter the details the company will verify your details and if your details will be legal and authorised your account will be activated in next 24 hours.after your account is activated you can login and deposit the money from your bank account and you can convert the amount it added in rupees to Bitcoin.It's not compulsory that you have to buy at least one bitcoin you can buy bhai 1000 rupees Bitcoin 2000 rupees Bitcoin and so on and if you think you are getting a good value against deposited money you can sell the Bitcoin and withdraw the profit amount into your bank account.
Now we know what is bitcoin how it works how to buy and sell it now let's know Indian governments view on Bitcoin.
On 6th April 2018 RBI banned on trading of Bitcoin in India. Now the ban is been lifted and the people who wants to trade in Bitcoin can easily buy and sell Bitcoin.
Stay Home , Stay Safe
Now let's know how to buy Bitcoin in India. The most popular and commonly used websites in India are:-
Zebpay
Unocoin
To buy Bitcoin you have to first go to their official websites or download their official apps from playstore app Store and then sign up.the important documents you will need to sign up there are voter ID card, Aadhar card, PAN card and bank account details.as soon as you will enter the details the company will verify your details and if your details will be legal and authorised your account will be activated in next 24 hours.after your account is activated you can login and deposit the money from your bank account and you can convert the amount it added in rupees to Bitcoin.It's not compulsory that you have to buy at least one bitcoin you can buy bhai 1000 rupees Bitcoin 2000 rupees Bitcoin and so on and if you think you are getting a good value against deposited money you can sell the Bitcoin and withdraw the profit amount into your bank account.
Now we know what is bitcoin how it works how to buy and sell it now let's know Indian governments view on Bitcoin.
On 6th April 2018 RBI banned on trading of Bitcoin in India. Now the ban is been lifted and the people who wants to trade in Bitcoin can easily buy and sell Bitcoin.
Stay Home , Stay Safe
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