How to buy and sell bitcoin in 2024?
We all want to live a comfortable and healthy life, but for this, it is necessary to have money. Some follow their passion for earning money, while others try to reach that target by setting it according to their interests.
But to become rich is not enough to earn money but also has to make the best investment. A good investor invests in every sector according to his knowledge and gets good returns. At present, apart from the stock market, Cryptocurrency is also an excellent option for investment.
In today’s time, whether anyone knows about Crypto Currency or not, everyone has heard the name Bitcoin. The price of bitcoin had increased very fast in the last few years and later became stable, and just some time ago, it saw a bounce back.
Apart from Bitcoin, many such Crypto Currencies get good returns, but only some get stable and excellent returns like Bitcoin. If you also want to invest in Cryptocurrency, bitcoin is a great option.
In this article we will discuss ‘What is bitcoin and how to buy bitcoin.’
What is bitcoin?
Rupee and Dollar are a type of currency; in the same way, Bitcoin is also a digital currency. Bitcoin is slightly different from the rest of the currencies. Because of being virtual, we can neither see nor touch it.
But we can use it the way we do with the money in a Wallet like Paytm or PhonePe. The price of Cryptocurrency keeps decreasing and increasing, due to which it is also an excellent option for investment.
Satoshi Nakamoto invented Bitcoin in 2009, and today it is the world’s largest and most expensive Cryptocurrency. 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.
Investing in bitcoin has changed many people’s lives as its value suddenly went from very low to very high.
Bitcoin can be seen as a Decentralized Currency; that is, no one has any control over it. Neither bank of any country has authority over bitcoin nor any other private institution.
The use of bitcoin and other Cryptocurrencies is also banned in many countries, but bitcoin transactions can be done in India. Bitcoin can be sent directly from one wallet to another. The value of bitcoin keeps increasing and decreasing, and currently, the price of bitcoin is more than 20 lakh rupees.
Uses of bitcoin
Bitcoin is a cryptocurrency that we can use in many ways. The most extensive use of Cryptocurrency currently is that it can be invested like the stock market because its price keeps increasing and decreasing.
But apart from this, there are some uses of bitcoin, 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 Cryptocurrencies; that is, you can exchange.
- By selling bitcoin, you can get money directly into your bank account.
Technology behind bitcoin
Many people want to invest in bitcoin. But in this rapidly moving digital world, even today, doctors are afraid of digital investments. The main reason is that they need to understand the technology behind it.
If you want to invest in Cryptocurrency or bitcoin, you need to understand its technology. Bitcoins are entirely based on blockchain technology.
Blockchain technology is a type of open-source digital technology. Blockchain is considered a type of Digital Ledger. If you understand blockchain in simple language, it is a digital book where debit and credit transactions are recorded. The ledger can be considered a type of record where debit and credit transactions are posted.
Bitcoin’s records are also recorded through blockchain technology only. Satoshi Nakamoto also invented this technology along with bitcoin, on which hundreds of cryptocurrencies are based today. It shows where to whom and how many transactions were done.
How to earn money by investing in bitcoin?
Investing in bitcoin is just like investing in the stock market. The value of bitcoin keeps on increasing and decreasing. Bitcoin is illegal in many countries, but in India, money can be earned from legal bitcoin.
A month ago, the price of bitcoin was 18 lakhs, and one is 20 lakh rupees. Next month the bitcoin price will be 25 lakhs or go back to 18 lakhs.
Bitcoin can also be similar to investing in the stock market or real estate, but it is more unpredictable.
How to buy bitcoin?
To buy bitcoin in India, you must create an account on a trusted wallet and verify it. After that, you can buy bitcoin directly through Debit Card, Net Banking, Credit Card, etc.
You can buy stocks today with the help of trading websites and apps; in the same way, bitcoin can be bought easily. The most reliable websites/apps to buy bitcoin are Wazirx, Unocoin, Zebpay, etc.
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How to buy bitcoin from Wazirx
Wazirx is currently the most preferred and widely used cryptocurrency exchange in India. In this, anyone can easily buy and sell Cryptocurrency. At the same time, its UI is quite fantastic and easy to use. At the same time, you also get to see many new features in this.
Features:
- Accessible Across Platforms – You can access the WazirX trading platform on many different platforms, whether Web, Android smartphones, Apple iOS mobiles, Windows, or Mac systems.
- Range of Cryptocurrency – You can trade in around 100+ cryptocurrencies paired with USDT. USDT is a Tether USD currency that is backed 1:1 by US dollars.
- Speed Transaction – Their platform is very stable and can handle transactions running into crores smoothly.
How to buy
If you want to buy bitcoin or any other cryptocurrency, you can visit Wazirx’s website.
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How to buy bitcoin from Unocoin
Unocoin is the best option to buy bitcoin 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 bitcoin with zero percent payment fees.
With the help of Unocoin, you can buy and sell bitcoins anytime; with the help of this wallet, you can make long-term investments in bitcoins and buy and sell them immediately. With the help of Unocoin, you can also trade on bitcoin, like the stock market.
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How to buy bitcoin from Zebpay
Zebpay is an easy-to-use platform, which you will learn to use very quickly. Creating an account on Zebpay is very easy. To create an account on Zebpay, you must get KYC done and upload standard documents like PAN cards, etc.
With Zebpay, you can buy and sell bitcoins and do mobile recharge, DTH recharge, online shopping, etc. Zebpay’s app is also available on the Play Store, so you can easily do bitcoin transactions from your smartphone.
How to sell bitcoin?
Why only bitcoin? Bitcoin is as easy as buying it. If you want, you can buy and sell any cryptocurrency. In such a case, the best exchange is “Wazirx.” I use it and encourage everyone to use it.
This is because this exchange is very trustworthy, and its founder is also an Indian. They have been doing great work for the last several years and will continue to do so.
What did you learn today?
I hope you liked this article of mine 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 the Internet in the context of that article.
This will also save them time, and they will get all the information in one place. If you have any doubts regarding this article or you want that there should be some improvement in it, then for this you can write comments below.
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