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what is bitcoin and how to buy and invest in bitcoin

Some features of bitcoin:


So if you had 23 lack rupee in Bitcoin on 1 Jan 2020, so within a year your investment would have turned into 21.22 lack rupee. And if you'd invest dollars thousands five years ago of Bitcoin so you have got return with dollars 51,269
 

To get about Bitcoin, first of all, you could have the information of Cryptocurrency if you knew so it's better if case doesn't then go ahead with every sentence.

For one to get initiated, there's no minimum amount as a requirements for investing in Bitcoin

what is bitcoin and how to buy and invest in bitcoin
what is bitcoin and how to buy and invest in bitcoin

What is bitcoin and how to buy and invest in bitcoin?


Cryptocurrency:  cryptocurrency is a type of currency that uses digital files as money... The cryptocurrency was made independent of government-issued currencies. Cryptocurrency use 'decentralized control', which means that they aren't controlled by one person or government. There's one way to spend your cryptocurrency is to connect it to debit cards. The card is issued by major credit card companies, including Visa and Master card so wherever a visa is used or accepted, you can spend your cryptocurrency


Following are some cryptocurrencies that are mentioned are Bitcoin, Litecoin, Bitcoin cash, United States dollar, monero, dash, Dogecoin, and NEM-new economy movement. 

Bitcoin: Bitcoin which was made in 2009 is also counts as a cryptocurrency. Marketplace known as ''Bitcoin exchanges'' allow people to buy or sell Bitcoin using different currencies. It is a new Currency that was made in 2009 by an unknown person using the alias SATOSHI NAKAMOTO, transaction is made with no middlemen meaning, no banks! 


How does it work and what its purpose: each and every Bitcoin is commonly a computer file which is stored in a digital wallet app on a computer or a smartphone too. People can spend Bitcoin(or part of one) to your digital wallet, and you can send Bitcoin to other people. Every single transaction is recorded in a public list known as Blockchain. The main moto of Bitcoin is a consensus network that enables a new payments system and a fully complete digital wealth. It's the first decentralized peer-to-peer payment network that is powered by its user with no control authority or middlemen. From user's, perspective Bitcoin is damn pretty much like cash for the internet. 

Now we'll see whether is legal or no(India) :

As it's stands, Bitcoin selling, trading, or mining is fully legal in India. Telling the publication sources also adds that any decision that ruled the cryptocurrency to be legal in India would mean that India's nascent however growing Bitcoin industry will have to shut down. 

How do you start investing in Bitcoin:


The basic way to start in Bitcoin is you can buy invest is to buy a coin or a fraction of a coin via trading apps like coinbase. In major conditions you'll need to provide your personal information to set up an account, then deposit money you'll use to buy Bitcoin. Bitcoin is still considered by most to be w risky investment and you should invest more than you can afford to lose. You should always consult a licensed financial planner. 

I advised minimum hundred dollars of investment in Bitcoin. That said you can invest little as a few dollars into an asset like Bitcoin. You don't have to buy one Bitcoin because the value of a single Bitcoin is probably dollars 11,000 at the time of writing, however, you can purchase it into fractions so you can have fractions of Bitcoin up to dollars 100 and you'll be building your portfolio. 

The best places to buy Bitcoin is given as below:
Coinbase, Robinhood, square cash, Binance, Coinbase pro, 

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The above information presented to you is fully legit and collected through the help of the internet and if you'd any doubt or query, so you can connect us by the provided social media Or drop it into the comment box. For more update



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