3 Apps to buy Bitcoin in India?

3 Apps to buy Bitcoin in India?

3 Apps to buy Bitcoin in India? 1200 900 Anurag

Cryptocurrency, it’s a topic that has been in trend for months now, and like everyone, you too might not want to miss out.

Bitcoin Cryptocurrency
Bitcoin

 So, let me clarify, Cryptocurrency is not all about ELON MUSK. That’s obvious, but many people think that way. So let’s uncover Cryptocurrency!

Before we move ahead, these are some apps that I and most of my friends used to deal with cryptocurrency. Make sure you checkout and have your reward.

Earn up to $80 when you buy, deposit, and trade crypto on OKEx:

https://www.okex.com/join/2828244

Sign up on CoinDCX, and earn $25 when you trade worth 5 BTC or more  – including if you use 5x leverage on DCXmargin to place a 5 BTC order with just 1 BTC. 

https://coindcx.com/signup?r=26240585$$Xkroxd

Easiest way to buy/sell 100s of crypto. Signup on CoinSwitch Kuber and get Rs. 50 worth FREE BTC. Link expires in 24 hours 

https://coinswitch.co/in/refer?tag=6Z7h

(PS- CoinSwitch is best to start off with)

So let’s start with, 

What is Cryptocurrency?

A cryptocurrency is a form of payment that can be traded online for goods and services. 

Cryptocurrencies work using a technology called a blockchain. Blockchain is a decentralized technology that circulates across several computers that manage and record transactions.

How does cryptocurrency work?

Bitcoin trader

Cryptocurrencies work using a technology called a blockchain. Blockchain is a decentralized technology spread through many computers that manage and record transactions.

Blockchain does not stock any of its data in a central location. Instead, the blockchain is copied and circulate across a system of computers. Whenever a new block is expanded to the blockchain, every computer on the network revises its blockchain to indicate the change.

That’s why it’s safe, or is it.

Is Crypto safe?

Due to their nature, cryptocurrencies are not legislated, which holds the risk of market volatility and expiration for investors. However, the defense risks and risk of fraud when using Bitcoin and other cryptocurrencies are largely reduced.

Also, due to the highly protected nature of transactions, bargains cannot be traced.

Is the a Cryptocurrency ban in India?

Cryptocurrencies are not banned in India and neither is it illegal. We can buy, sell and trade cryptocurrencies but it’s unregulated, there’s no council regulating it.

What are the benefits of cryptocurrency?

Bitcoin

It’s a good asset and has given much higher returns than any other investments in the last 10 years.

How to buy Bitcoin or other Cryptocurrency in India? How to choose the best app for crypto?

There are many websites and apps which let you buy Cryptocurrencies in India. But not all are safe and some take too much of a transaction fee. I have selected a few apps that I myself use because of ease and low transaction fee.

These are few apps that take very low charges as compared to other apps. You can directly start and they are safe. I’ve been personally using them for months now!

  1. Okex

Earn up to $80 when you buy, deposit, and trade crypto on OKEx:

https://www.okex.com/join/2828244

  1. Coin DCX

 Sign up on CoinDCX, and earn $25 when you trade worth 5 BTC or more  – including if you use 5x leverage on DCXmargin to place a 5 BTC order with just 1 BTC. 

https://coindcx.com/signup?r=26240585$$Xkroxd

  1. Coin Switch Kuber

Easiest way to buy/sell 100s of crypto. Signup on CoinSwitch Kuber and get Rs. 50 worth FREE BTC. Link expires in 24 hours 

https://coinswitch.co/in/refer?tag=6Z7h

There are few more apps but they are complicated and charge way too much transaction fee.

(I am not an advisor, I am just sharing my personal experience)

Cryptocurrency Volume Distribution

So, now you might think what are the Best Cryptocurrencies to buy or which crypto will make me the most profit.

What is the best cryptocurrency to buy in 2021?

As of now, 2021 Ethereum is the best investment by my research as it’s growing and has multiple applications due to which is more valuable than Bitcoin.

What are NFTs? 

NFTs or Non-fungible token is a unit of data stored on a digital ledger, called a blockchain, that insures a digital asset to be unique and therefore not interchangeable.

It uses ETHEREUM!

NFTs allow someone to link a digital object or a digitized object to a file either on or off the blockchain

Comment below if you want a separate blog on NFTs (the next big thing!)

Can Bitcoin replace real money?

Umm, no, Bitcoin is way too unstable to be used as money. For cryptocurrencies to seriously question the dollar and other government-made money, they must be fixed in value.

If you want to read more about it. Check out this article by Money Control

https://www.moneycontrol.com/news/business/wait-a-minute-can-cryptocurrencies-replace-paper-money-6592531.html

What is Bitcoin?

Bitcoin is a cryptocurrency created in 2009 and we all know it’s the most famous one. 

Currently,

1 BTC = Rs. 43,29,151.41 

Wish your father had bought it when it was cheaper than 1000 bucks. 

Bitcoin is a type of cryptocurrency. There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to.

 All bitcoin transactions are verified by a massive amount of computing power. Bitcoins are not issued or seconded by any banks or governments, nor are individual bitcoins valuable as a commodity. 

What is Ethereum and why is it so special?

Ethereum is the blockchain web in which decentralized applications are rooted, while ether is the token or currency that enables or drives the use of these applications.

Launched in July of 2015, Ethereum is the enormous and most well-established, open-ended decentralized software program. Ethereum enables the deployment of smart agreements and decentralized applications (apps) to be built and run without any rest, fraud, control, or interference from a third party.

DeFi Decentralized Finance also runs over Ethereum.

PS- Etherurm has grown 79% in May 2021!

Books and Videos on Cryptocurrency

1. Cryptoasset

2. Blockchain Revolution

Check out Audible for FREE first audiobook

Top Channels to see

Coin Bureau

Dapp University

(My two favorites)

Comment below your queries and I’ll try my best to answer them precisely.

Have a good day. 

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