Hello friends, many of you will know about bitcoin. In today's time this is a very good way to earn money. Due to which people are earning millions now. To make money in this, you have to invest first. If you do not know about it, then read this post completely. We are going to tell you about bitcoin in details and also about buying bitcoin in India.
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Table of Contents
Bitcoin is a new type of digital currency, unlike other forms of payment, designed for a world in which we are all digitally connected. Other types of payments, such as cash and credit cards, are replaced by bitcoins.
In fact, if you have a bank account, and especially if you use a credit card or PayPal, then you are already using digital currency. If you own or trade shares, you are using digital money.
The conclusion is that unless you are using cold, hard cash, whatever you do with your money has to go through banks, brokers or credit card companies. And, as you know, they all charge their fee and all kinds of circumstances and penalties, usually written on a form in micro printing, nobody takes time to read or understand.
Bitcoin Unit Satoshi I think you know Satoshi to USD converter
Nobody has control over your Bitcoin except you.
Bitcoin was created by Satoshi Nakamoto, an unknown individual or group name and released in January 2009. Satoshi set up a system that would create Digital token and control them so that Bitcoin could work both in gold and cash.
Why do they make it? He seems to have faced some similar concerns about banking and financial systems that are often used to justify Bitcoin. We came to know about this from its white paper in which he announced Bitcoin in 2008 and published a cryptography forum and email. It does not appear that there were any specific political objectives, but simply expressed dissatisfaction with the banking system and offered Bitcoin as a technical solution.
So in this post we will see how to buy bitcoins in India?
- Bitcoin address – An address at which you can receive Bitcoin.
- Bitcoin wallet – A safe place where you can keep your Bitcoin.
- Bitcoin Exchange – An Exchange platform.
- Payment method – debit card and credit card to buy bitcoin
- Identity proof – PAN card or Aadhar card
In this post we will take the example of Zebpay to buy Bitcoin.
So let's start,
You have to go to the playstore and download Zebpay's application if you are using mobile.
If you are using desktop, then https://www.zebpay.com/ this is the official link of Zebpay website, you can buy Bitcoin through it.
Zebpay has just updated its UI (UserInterface) a few days ago. Previously if you wanted to deposit, you could deposit your money from any bank on the platform.
But if you have to deposit your money in Zebpay right now, while verifying your KYC, you will have to deposit the money from the same bank account which you gave. Otherwise your money will not be transferred to your zebpay account.
If you cannot do this for some reason, then you can desposit your money through internet banking.
First to buy Bitcoin from Zebpay “Deposit” Select the option of
After this, you have to fill your amount as much as you want to deposit. Here you will see 2 payment options. The first will be RTGS / NEFT / IMPS or “Payment gateaway” ie Internet banking. The only difference between the two is that if you do RTGS / NEFT / IMPS then your money will take 1 working day to be deposited in Zebpay.
But if you do this through “Payment gateaway” then your amount will be deposited within 30 minutes.
The minimum deposit limit of RTGS / NEFT / IMPS is 5000 thousand and the maximum deposit limit is Rs 50,000.
“Payment gateaway” has a minimum deposit of Rs.1000 and a maximum deposit limit of Rs.2,000.
In RTGS / NEFT / IMPS, if you send money from the wrong account, you will get it back in 15 days, but you will get a penalty of 250 rupees.
Fill your amount and choose the mode of payment.
After this, you will see the account number, name and IFSC code of pocket money in which account you have to transfer your money. See all the details correctly after that “Next” Click on the option After clicking on “Next”, the bank account that you have verified at the time of KYC will be shown from which you have to transfer money.
If you are doing RTGS / NEFT / IMPS, scroll down and “Place deposit order” Click on the button.
After that you have to choose your transaction type (RTGS / NEFT / IMPS / Payment gateaway / Intra bank)
Intra Bank means that if Zebpay's account is with HDFC Bank and you also have KYCverified bank account of HDFC Bank, then you can transfer money through it.
If you are transferring money through “payment gateaway”, select the option of “Deposit”, fill the amount and select the option to proceed to pay. You can use any account for net banking.
When money is transferred to your Zebpay account, then click on the option of “Buy”. Fill the amount of Bitcoin you want to buy. After filling the amount, you will be able to see below how much bitcoin you get.
After this, click on the option of “Buy” given below.
Enter your “Pin” that you kept while creating the account. After this, the amount of Bitcoin you have purchased will be transferred to your wallet.
Here you can also put your “Bid” if you want. To do this, select the option of “Bid” and set the price at which you want to buy Bitcoin, fill the amount and click on the button of “Confirm Bid” do.
After this, whenever the market price matches your bid, Bitcoin will be automatically transferred to your pocket wallet.
Indian exchange platforms from where you can buy bitcoins?
The leading Bitcoin exchange platform in India was established in 2013 and allows users to purchase Bitcoin with any Indian bank account. Assisted by investors in the United States, Unocoin is a regulated company in India and pays a low 1% fee which comes to 0.7% with an increase in trading volume. It is an easy Bitcoin exchange to use, but requires ID verification.
Coinsecure is an Indian Bitcoin exchange platform with a low purchase fee of only 0.3%. It has been gaining popularity since its introduction in 2015. This bitcoin exchange platform used in India offers various different deposit options including NEFT, RTGS, IMPS, and cash.
International exchange platforms available in India?
Changelly was founded in 2015, and allows you to provide one cryptocurrencies for another. No personal information is required to signup to an account, and then you have a fast and easy way to exchange cryptocurrency with a wallet. There is a fixed fee of 0.5%, which is slightly higher than many other Bitcoin exchanges.
CEX.io is available in most countries around the world. Established in 2013 with its headquarters in London, this cryptocurrency exchange allows users to buy and sell Bitcoin as well as select altcoins. Payment methods are available with low fees of 0% -0.2% on both credit card and bank transfer trades.
I hope you like this post.
If you have some questions, then write in the comment box.