Simple Ways to Buy and Invest in Bitcoin
What is Bitcoin?
Bitcoin is a type of cryptocurrency. It is one of the first digital currencies to use peer-to-peer (P2P) technology to facilitate instant payments. It is a user as well as a tech friendly digital currency and thus public can access it easily. Nobody owns or controls Bitcoin.
Why Bitcoin?
Bitcoin is a digitalised currency that can be used for making instantaneous payments. It is being termed as a global currency because it is facilitating easy and cheap international payments. There are no regulations or taxes associated with it as no central authority is controlling or governing bitcoin. Thus, due to the discreteness of the currency many individuals are also purchasing bitcoin as an investment expecting higher returns in future.
Why is Bitcoin becoming popular?
Bitcoin is gaining popularity due to certain benefits of the cryptocurrency over the traditional modes of payment. It ensures complete anonymity of transactions that enables user satisfaction and convenience. It also provides its users ease of monitoring their transactions by viewing their ledger or transaction summary on their personal computers or mobile phones. Thus, due to its very nature of easy, safer and securer transactions bitcoin is gaining popularity and momentum.
How to Buy Bitcoin?
The steps involved in the buying process of bitcoin are:
Find A Bitcoin Wallet
Signing up
Verification
Address Generation
Deposit an amount
Purchase Bitcoins
Using Bitcoin for transaction purposes
Need of senders/receivers addresses/ QR code
Send/ Receive Bitcoins
Storage
Withdrawal
Here’s a list of the top-most Bitcoin Exchanges in India:
Flitpay:
It is a bitcoin marketplace in India which helps you Buy and Sell bitcoins using Flitpay Bitcoin Wallet App. Flitpay bitcoin Wallet App enables you to perform fast peer-to-peer transactions since there is no intermediary in between. Thus, without any waiting one can make national and international payments. It verifies a user account by linking it with their PAN card, thus making it 100% authentic & 100% legal. Flitpay strives to provide customers the best price and services in the market along with cash back perks. It also guarantees transparency, safe and secure worldwide payments, faster transactions, user friendly UI etc.
Coinsecure:
Coinsecure is a private company based in India that provides web and mobile bitcoin services. They guarantee easy and secure bitcoin value-added services for consumers and merchants. Some of their salient features include: Automatic trade execution based on order books, Ensuring security by setting a PIN to protect the app access if lost or stolen, Deposits and Withdrawals in Indian Rupees etc. Coinsecure’s goal is to help provide easy access to a wide range of merchants, developers, stakeholders, and other parts of the ecosystem.
Unocoin:
Unocoin enables Indians to buy, sell, store, use and accept bitcoin. It was founded in July 2013 and was amongst India’s first entrant into the bitcoin space. Unocoin is committed towards its social objectives and has driven the bitcoin awareness program in India. With a series of meetups, seminars, guest talks, college activities and other collaborations, the awareness of bitcoin in India has skyrocketed in the recent times. The effort put in by the team at Unocoin translates towards building a cashless Indian economy.Their mission is “to bring Bitcoin to billions”.
