In earlier days, people used to invest in gold and use them during their bad times. But now, people are investing in Bitcoins with the hope that it will shelter them at the time of inflation. Bitcoin is a popular cryptocurrency. In India, Bitcoins are now getting more and more popular day in and day out. There is no such law in India that prohibits buying or selling Bitcoin.
Bitcoin is a computer file that is stored in a digital wallet application. People can send Bitcoins to other people’s wallets, and even people can receive Bitcoins from other people’s wallets. Every single transaction is recorded and is blockchain.
Best Bitcoin Exchanges and wallets
There are so many Bitcoin exchanges and wallets that have made the Bitcoin transaction easier and comfortable. The most popular one is Coinbase. There we can buy Bitcoins instantly with the help of our debit card or credit card. Coinbase was founded in 2012. 102 countries across the globe use this website. So, it is trusted by millions of customers across the world. Coinbase is a user-friendly interface. This website is highly secured. We need to open an account in Coinbase .one can even download it from the play store and open an account in Coinbase.
People who don’t have pc can easily buy and sell Bitcoins with the help of mobile. After opening the account in Coinbase, the user has to fill up all the necessary details. He needs to fill the KYC form, i.e., giving his Aadhar card details, pan card details, etc. Then he needs to add some money to Coinbase with the help of a debit card. Once the money is added to Coinbase, he can buy bitcoins instantly. So, it is very easy and simple to use. People done don’t have to involve in any complex process. We can even buy bitcoin with credit card. Now one Bitcoin is equal to 37, 16,023.65 in Indian rupees. But Bitcoins are highly volatile. Today if its value is in lakhs, then tomorrow, its value can be in hundreds. Bitcoin is a decentralized peer-to-peer network. Here there is no involvement of a third party.
Online websites for bitcoin trading
There are many websites where we can easily buy and sell Bitcoins. These sites are trusted websites and user-friendly. On these websites, we can purchase Bitcoins with different currencies like dollars, Euros, pounds, etc.
We just need to create an account and confirm our account through email verification. Then we need to give our debit card details. Once our card is successfully verified, we can deposit some money in the account, and with the help of it, we can instantly purchase Bitcoins. These websites are also simple to use.
The popularity of Bitcoins is increasing at an alarming rate. There are so many websites that are quite helpful in buying and selling Bitcoins. As these websites are trustworthy and user-friendly, more and more people are using them to buy and sell Bitcoins.