How to Buy Bitcoin in India? What is cryptocurrency? In simple words – cryptocurrency is a virtual currency. A digital or virtual currency with an alternative to currency notes. This means that the currency is not like the Indian rupee, the US dollar or the British pound. No country’s government or bank ‘prints’ the currency. Cryptocurrency is only available online. These currencies are created through mining and these cryptocurrencies are traded through blockchain.
What is Bitcoin?
Bitcoin is a type of cryptocurrency. Bitcoin is a currency like a rupee, dollar or any other currency. It is only online and encrypted by computer code. Just like you get notes from banks, here on online sites you can buy this currency with your own money. When you buy this, you create a wallet in which you can store this currency. With each such purchase, a new block is created. And this process is called mining.
What are the benefits of Bitcoin?
We can trade Bitcoin in the shortest time and 365 days a year, 24 hours a day. Bank holidays and bureaucracy do not affect these transactions. Any transaction takes place only between two accounts. It does not require an intermediary. This is not the case with any other online transaction. It can be used as a payment service gateway provider. This means that money can be exchanged online. There is an easy gateway to it all.
What is a blockchain?
Blockchain technology is used for cryptocurrencies.
Blockchain is simply a Chain of Blocks – or a list of records. In which a wide variety of information is stored – in real-time. And each chain is related to the information in our previous chain. This information cannot be changed once it is recorded.
Top cryptocurrency exchanges How to Buy Bitcoin in India?
You can buy bitcoin just like gold, you can buy it in Indian currency. So let us know that there are websites from such cones in India from where we can buy Bitcoin very easily, that too in our own currency.
When choosing a Best Cryptocurrency Exchanges, you have to keep many things in mind such as Trading charges, Deposit fee, Withdrawal fee, Cryptocurrency pair ie BTC / ‘NR, XRP / BTC, XRP / USDT, XRP / BNB, XRP / INR, and how many Cryptocurrency coin is available on the exchange you can buy/sell and trade. Here are the top crypto exchanges in India.
Zebpay’s interface is very attractive in which it is very simple and easy to trade, it has 1 M + Active users on its Mobile Version Apps available on Google Play Store.
Coinswitch’s Best Currency Exchanges supports India, as well as almost all countries, Coinswitch also supports 300+ Cryptocurrencies And 45000 Trading Pairs.
Wazirx is one of the most trusted cryptocurrency exchanges of India, which has launched its own Coin called WRX, which can produce a maximum of 1 Billion quantity. Wazirx also has a partnership with Binance whereby you can link your Wazirx Account with Binance and trade in Binance an All over the world Cryptocurrency exchange
The main features of Wazirx are:
- Highly safe
- Instant transaction
- Good customer support
- Link to other trading platforms
Uncoin is one of the top cryptocurrency exchanges in India which also provides an OTC (Over the Counter) facility which allows you to trade SIP (Systematic Investment Plan) and Bulk in cryptocurrency like a mutual fund and decided by you. A certain amount of money is automatically deducted from your bank account on a fixed date of the month and as many coins are deposited in your account at the market price.
The main features of Uncoin are as follows
- OTC and SIP Facility
- Reliable exchange
- Transaction in INR Rupees
- Better Customer Support
Coindcx is a simple and secure cryptocurrency exchange that allows you to trade in 200+ coins. It is very beneficial for users in India who trade in bitcoin and cryptocurrency with rupees and trading fees are also very low.
The best features of Coindcx that entice users
- Simple, Fast, and Secure
- Can trade in coins
- Trading fees are around 0.1%
- Can trade with INR
- Have a good customer support