Tesla has recently invested 1.5 billion dollars in Bitcoin. As soon as Elon Musk made these investments, once again the value of Bitcoin jumped and Bitcoin began to be discussed everywhere. Tesla has issued a statement that customers can use this currency to buy their products or cars in the coming time. Let us say that the price of one bitcoin has gone up to Rs 26 lakh at this time. However, the price of Bitcoin continues to bounce and fall
What is Bitcoin the way you can see or touch a normal currency, with Bitcoin you cannot do it? This is a virtual currency. It is also called cryptocurrency. Bitcoin was created by a person named Satoshi Nakamoto in the year 2009. At that time, the price of a bitcoin was Rs 5 or 6. But now the price has gone up to lakhs of rupees.
Bitcoin can only be used online. That is, where this currency is accepted, you can buy goods by making payments through Bitcoin. It is beneficial to make payments with Bitcoin at the international level. Bitcoin is not a currency issued by any country or government, nor is it a regulation of any institution.
How to buy Bitcoin there are many online markets where bitcoins are bought and sold. There are also a lot of websites that buy or sell them. Easy to understand in the language, bitcoin is also used in the way digitally cash transfers are made. Users have to create an account for trading it.
For this, you need to register on a cryptocurrency exchange platform. such as Wazirex, Binance, Zebape. Before starting trading, you will have to give some basic information-Aadhaar, pan, a bank account in your name, email address, and phone number. You can then buy and sell Bitcoin.
Bitcoin Wallet Bitcoins are stored in one of your digital wallets. This wallet is called a bitcoin wallet. It has a password through which you open it and use bitcoins. Is Bitcoin Safe? The question comes whether it is safe to use Bitcoin. Bitcoin is a little bit insecure because it does not record transactions. Most people use Bitcoin for unlawful activities.
Is Bitcoin Legal in India? In March 2020, the Supreme Court had removed the ban on Bitcoin. That means, now there is no legal ban on its purchase and sale. But they cannot be used to buy goods. To say, bitcoin cannot be used in lieu of money while buying something from a shop or e-commerce platform.
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