Bitcoin – The cryptocurrency. To understand
bitcoin, let us first understand Cryptocurrency.
Cryptocurrency: It is digital currency,
unlike our tradition INR where you can touch and see the currency note. This
doesn’t work on the gold deposits or on RBI or World Bank norms. It is all
mathematical calculations, based on which the value of currency increases of
decreases.
Bitcoin is the first decentralized
currency. The underlying technical system upon which decentralized
cryptocurrencies are based was created by the group or individual known as Satoshi
Nakamoto. This must be pseudonym.
As per the current survey latest being done
in the year 2015, hundreds of cryptocurrencies are available in the market.
Questions that you may ask
1. Is it legal in India?
a. If not legal, it is not illegal either. You may buy and sale bitcoin
as you trade in sharemarket. There are number of apps available in the market
that allows you to buy and sale bitcoins. However, the price they allow you to
buy can be higher than the current bitcoin market price.
2. So, how do I buy the bitcoins in current market price
a. Well, you may have to use apps that allows current market price
purchase with minimal transaction fee. Most of these apps accepts USD, EURO and
other major currencies to exchange.
3. Are you tracked when you purchase or sale bitcoin?
a. Maybe you are. The reason being, it is widely used in the
darkweb/darknet for exchanges. These transactions are mostly for illegal or
controversial purchases and sale.
4. Is it okay to buy and sale bitcoin then?
a. Yes, it is.
5. Where can I buy bitcoins in India?
a. Use app based services or buy it online through bitcoin site. Zebpay
is the simplest app that lets you buy and sale bitcoin.
To understand, bitcoin, you may like to
view this video.
If you still have question, feel free to
comment.
This comment has been removed by the author.
ReplyDeleteGreat post !!! , I recommend your post that about cryptocurrenc. It is a digita cryptocurrency. One of the famous cryptocurrency is Bitcoin. Bitcoin topic you mention in this content it is good for readers. Thank you. you can transfer bitcoin money through Bitcoin wallet app
ReplyDeleteThank you so much for such an informative post! This article will discuss the features and costs associated with constructing a cryptocurrency exchange app similar to the WazirX Clone. We hope that after reading this blog, all of your uncertainties will be dispelled and you will be able to create the greatest mobile cryptocurrency trading application possible. I enjoyed reading a lot. keep up the good work.
ReplyDelete