What is Bitcoin and How to Buy It?
In this article you can learn about bitcoin and know how to purchase bitcoin.
Bitcoin:
Bitcoin is a cryptocurrency, created by a group of people they named as Satoshi Nakamoto. He invented bitcoin and released white paper in 2008.
The Bitcoin blockchain is a decentralized, distributed ledger that records all Bitcoin transactions.
It is maintained by a network of nodes (computers) that validate and propagate transactions and blocks.
The blockchain ensures security and integrity through cryptographic techniques and a consensus mechanism called Proof of Work (PoW).
Step-by-Step Guide to Buying Bitcoin in India
Choose Your Exchange:
Select a cryptocurrency exchange platform like Koinpark, WazirX, or Zebpay.
Create an Account:
Sign up on your chosen exchange by providing your email ID and identity proof.
Buy a Crypto Wallet:
Purchase a crypto wallet from the exchange. Fund it with a minimum of ₹100.
Deposit Funds:
Use GPay, PhonePe, or other methods to deposit money into your account.
Buy Bitcoin (BTC):
Go to the Trade option, select Bitcoin (BTC) paired with INR or USD.
Confirm the order and click 'Buy' (Buy Bitcoin) to complete the purchase.
Your Bitcoin will be saved in your wallet.
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