BITCOIN SITUATION IN INDIA.

How to buy bitcoin in India? 

Let us know the details of Bitcoin: A cryptocurrency. 

Simple Guidance On How To Buy Bitcoin In India 2021 .

You must have heard the name of bitcoin. It is one of the most talked-about currencies at this time. In today’s article, we will know what is bitcoin? How to buy or sell bitcoin? How to invest bitcoin in India 2021?

Bitcoin is not a physical currency. It is a digital currency. You would be very surprised to know that the price of a bitcoin in India is more than 43,00,000 rupee. Yes, you heard right, the price of a bitcoin is more than 43 lakh rupees.

In 2009 the price of a bitcoin was one thousand rupees, and later in 2013, its price became 25 thousand rupees. And at this time, the price of a bitcoin is in the millions. Right now, the price of bitcoin is constantly touching the sky’s highs. So this is an excellent time to invest in cryptocurrency.

If you also want to get complete information about bitcoin, then you will read this article completely. In today’s article, I will give you complete information about bitcoin. So let’s start our today’s article “What is bitcoin?” without wasting your time.

How to buy bitcoin

What is Bitcoin?

Bitcoin is a virtual currency, also known as electric currency. We cannot touch it or cannot see it physically. Bitcoin is a currency like a rupee, a dollar. But rupee, a dollar, is a real currency, and while bitcoin is a virtual currency.

In the same way, we can divide our Indian currency into 100 parts. And we also know him as Paise (100 paisa= 1Rupee). Similarly, bitcoin can be divided into 1,00,00,000 parts. And its smallest part is called “Satoshi” (1,00,00,000 Satoshi = 1 Bitcoin). This is because 2008 Satoshi Nakamoto made it. It was named “satoshi” after him.

Bitcoin is a cryptocurrency. And it has no authorized bank. And it is not the real currency of any country. Therefore, its price always increases and decreases. Just two years ago, not many people knew about it. And just about two years ago, its price was $5,000 US dollars. The price of which was Rs.3,70,477 Indian rupees.

And today, in May 2021, the price of a bitcoin is $58,186, which is Rs.43,09,890 in the Indian rupee. So you can see that in these two years, the price of a bitcoin has increased almost 12 times.

And its price is expected to increase in the future. But before investing in cryptocurrency, you must consider once because there is no authorized bank of bitcoin currency, so its price continuously decreases and increases. If its price increases, you will be profit, and if its price decreases there, you can be a loss. So always invest money in it thoughtfully.

Is Bitcoin Legal in India?

Do many people doubt that Is bitcoin legal in India? As I have already told you that bitcoin is a cryptocurrency. And the first cryptocurrency in India was considered illegal, but in March 2020, the supreme court ordered that the cryptocurrency will be considered legal in India.

Now you can trade it in bitcoin through any of the apps. So now, in India, Bitcoin and all cryptocurrency with it is legal.

How is Bitcoin made?

As I told you, bitcoin has no physical existence. It is a type of virtual currency. So you must have a question in the minds of the people that when it is a virtual currency, how is it made? So let’s now know how to make Bitcoin?

When we complete the transduction using computer power, it is called bitcoin mining. This transaction can complete the same success, which has a good GPU, and its computer processor is very powerful.

Although it is not so easy to successful this transaction, you have to solve many mathematical questions in a second. And the one who resolves it successfully, then is given some bitcoin as a reward. So this is how a new bitcoin is created.

How to buy Bitcoin in India 2021

Many people have a doubt “how bitcoin is purchased?”. And where to see the balance after purchasing bitcoin? Friends, such doubt comes to mind almost all the people. So let me tell you that just like our mobile have Paytm wallet, google pay wallet, phonepe wallet, in the same way, bitcoin currency has also its wallet.

There are many applications on the Internet. With the help, you can buy and sell bitcoin. In this article, I will tell you the name of any popular application. Where you can sell and buy bitcoin very quickly. In this app, you can do all this in just one click.

Best Application to Buy or Sell Bitcoin in India 2021

There is a lot of Application on the Internet where you can sell and buy bitcoin. But today, I will tell you about the top Best Application to buy or sell bitcoin in India 2021.

1. Zebpay

Zeppay is a cryptocurrency trading app. Where you can trade all types of cryptocurrency like., Bitcoin, XRP, Tron, Ethereum etc. It is effortless to sell and buy bitcoin on the ZebPay app.

Pay started in 2014. Pay is an own crypto trading platform. There is no regulation or control on this Application by the currency governor of any country. So if you get lost in this Application or any type of problem, you cannot make a case on this Application.

Creating an account on ZepPay is also very easy. To create an account, you have a mobile number, e-mail id, pan card, aadhar card, etc. So there should be detailed, and there should also be a bank account to deposit money.

The minimum deposit on the ZebPay app is Rs. 100 and maximum is Rs.50,00,000. So, to buy bitcoin, first, you have to deposit money from the bank account in ZepPay. Then, after depositing the money, open any number of cryptocurrency that you want to buy. Now you will see two options in front. The first is to buy and the second is to sell.

You can buy bitcoin by clicking the Buy option, and you can sell your bitcoin by clicking on the sell option.

2. Coin Switch Kuber

CoinSwitch Kuber is an excellent cryptocurrency trading platform. I have used it for a long time. I have not seen any issue with this app. Creating an account on CoinSwitch Kuber is very easy. This app is legal in India. And it is easily found on google playstore and app store. So you can install it from there.

First, to create an account on this, download it and then sign up with your mobile number. After this, you will be login successfully to this app. You get a bitcoin worth Rs.50 as soon as you log in, which you can trade easily.

To deposit money in the coin switch app from the bank, first, you have to complete your KYC. To complete KYC, you will need a pan card and aadhar card. And you will need a photo pan card.

And to buy and sell bitcoin in it, the same ZebPay process has to be followed. The minimum deposit on the Coin switch is Rs.100, and the maximum is Rs.50,00,000. Here you get to see two options, first of buy and second to sell. You can buy bitcoin by clicking the Buy option, and you can sell your bitcoin by clicking on the sell option.

Minimum amount to invest in bitcoin in India?

The minimum amount to invest in bitcoin in India is Rs.100 and the maximum amount to invest in Bitcoin is 50,00,000.

How to sell bitcoin in India?

It is a very common question asked by people that what is the process of selling bitcoin in India? With the help of the Application mentioned above, you can quickly sell your bitcoin.

Step 1. First, opens any crypto trading application and create an account on that app.

Step 2. And complete KYC in this app.

Step 3. And after that, deposit a minimum of Rs.100 in the app or more than Rs.100.

Step 4. Open any cryptocurrency that you want to buy and then click on “BUY” option. And fill in how much bitcoin do you want to buy. And click on buy.

Best bitcoin exchange in India?

There are many Platform available on the Internet, but ZebPay and Coin Switch are among the best platforms.

Bitcoin price in India.

As I already told you, bitcoin is a cryptocurrency. There are no rules and regulation of any government. Therefore, its price continuously decreases and increases. Now its price in India is click here

Conclusion

So friends, in this article, I have shared what bitcoin is? How to buy or sell bitcoin? How to invest bitcoin in India 2021?

Let’s recap it, bitcoin is a virtual cryptocurrency. That has no physical state. It means that we cannot physically touch or see. There are many crypto trading applications, but in my opinion, ZebPay and Coin Switch is the best Platform.

And the minimum amount to invest in bitcoin is Rs. 100 and the maximum amount is Rs. 50,00,000.

Thank you