Everything you should know about Bitcoin

Everything you should know about Bitcoin

BitCoin

As Bitcoin is really getting popular so I think its right time to spread awareness of it, who still don't know what Bitcoin is. So let me start with What Bitcoin is.

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency which basically removes the dependency on banks in order to exchange money.

Some of the benefits why you should invest in Bitcoin:

  1. User Anonymity
  2. No Third-party Interruptions
  3. Purchases Are Not Taxed
  4. Very Low Transaction Fees
  5. Mobile Payments

Is it legal in India to trade in Bitcoin?

Bitcoins are not illegal in India. There are some countries which have accepted Bitcoin legally, like:

  1. United States
  2. South Africa
  3. Canada and lot more

But there are some countries where Bitcoin are banned and can't trade in, like:

  1. China
  2. Russia and lot more...

If you are interested and want to invest in Bitcoin there are lot Indian Based companies registered with NASSCOM that provides a platform to trade in Bitcoin.

  1. Zebpay
  2. Koinex.in (Can trade in another coin as well apart from Bitcoins)

The above two are top rated companies in India, which after completing KYC (Know Your Customer) helps you to trade in Bitcoin.

The above two options mentioned are about trading, but if you want to mine the Bitcoins, then

  1. hashflare.io

is the good option. Here you can buy frequency and you can start mining Bitcoins.