We all want to lead a comfortable and healthy life but for this it is necessary to have money. If someone is following his passion to earn 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 just to earn money but also have to make good investments. A good investor invests in every sector according to his knowledge and gets good returns. For the time being, apart from the stock market, cryptocurrency is also a great 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 has seen a bounce back once.
By the way, apart from Bitcoin, there are many such Crypto Currency which get good returns but hardly anyone gets stable and best returns like Bitcoin. If you also want to invest in crypto currency, then bitcoin can prove to be a great option.
In this article we will talk about ‘what is bitcoin and how to buy bitcoin‘.
Table of Contents
What is Bitcoin?
Just as Rupee and Dollar are a type of currency, in the same way Bitcoin is also a type of digital currency. Bitcoins are slightly different from other currencies. Due to being virtual i.e. virtual, we can neither see nor touch it.
But we can use it the way we do with the money present in any wallet like PayTm or PhonePe. The price of crypto currency keeps fluctuating and rising, due to which it is also a great option for investment.
Bitcoin can be saved and kept in an online wallet through the Internet. It can be counted, spent and transactions can be checked through the wallet itself. Bitcoin was invented in 2009 by Satoshi Nakamoto and today it is the world’s largest and most expensive cryptocurrency.
Investing in bitcoin has changed the lives of many people because its price suddenly went from very low to high.
Bitcoin can be seen as a Decentralized Currency, that is, no one has any control over it. Neither any bank of any country has rights on bitcoin nor any other private institution.
The use of bitcoin and other crypto currencies is 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 biggest use of cryptocurrency at present is that it can be invested in it like the stock market because its price keeps on fluctuating.
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 other crypto currency, that is, you can exchange it.
- 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, people 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 then you need to understand the technology behind it. Bitcoins are completely based on Blockchain technology.
Blockchain technology is a type of open source digital technology. Blockchain is considered a type of Digital Ledger. Ledger can be considered as a type of record where debit and credit transactions are posted. If we understand Blockchain in simple language, then it is such a digital book where the transactions of debit and credit are recorded.
Bitcoin records are also recorded through blockchain technology. This shows that where, to whom and how much transaction was done. This technology was also invented by Satoshi Nakamoto 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 price of bitcoin will be 25 lakhs or it will go back to 18 lakhs.
Investing in bitcoin can also be considered as 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 have to verify it by creating an account on a trusted wallet. After that you will be able to buy bitcoin directly through Debit Card, Net Banking, Credit Card etc.
The way you can buy stocks in today’s time with the help of trading websites and apps, in the same way you can easily buy bitcoins. Currently the most reliable websites/apps to buy bitcoins are Wazirx, Unocoin, and 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 crypto currency very easily. At the same time, its UI is very nice and intuitive to use. At the same time, you also get to see many new features in this.
Features:
1. Accessible Across Platforms – You can access the WazirX trading platform in many different platforms. Whether it is 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 actually 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 crypto currency, then you can buy it by visiting Wazirx’s website.
Note: If you ask for Referral Code, then definitely use “x62d4j95”. You will definitely get 50% Cashback.
2. How to Buy Bitcoin with Unocoin
Unocoin is considered to be the best option for buying bitcoins 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 buy bitcoins with zero percent payment fees.
With the help of Unocoin, you can buy and sell bitcoin at any time, that is, with the help 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.
Note: – If you ask for Referral Code, then definitely use “U124697” so that you can easily get bitcoin of Rs.200/-.
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 have to do KYC and upload some common documents like PAN card etc.
With Zebpay you can not only buy and sell bitcoins but also do 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.
Note: – If you ask for Referral Code, then definitely use “REF77839482” so that you can easily get bitcoin of Rs.100/-.
How to Sell Bitcoins?
Selling Bitcoin is as easy as buying it. Why only bitcoin If you want, you can buy and sell any crypto currency. 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 a great job for the last 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 endeavor to provide complete information about the future of bitcoin to the readers, so that they do not have to search any other sites or internet in the context of that article.
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 you want that there should be some improvement in it, then you can write comments below for this.
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