What is bitcoin, who made it and how to buy it.

Bitcoin Kya Hai: You must have heard the name bitcoin, because in today's time this cryptocurrency is very much discussed, so everyone wants to know about bitcoin. People interested in bitcoin or technology often search on the internet what is bitcoin.

 

If you also want to know about bitcoin then this article is for you. We have tried through this article to provide you with complete information about bitcoin.

 

In this article you will get to know what is bitcoin, who invented bitcoin, where is bitcoin used, how can you buy a bitcoin, what are the advantages and disadvantages of bitcoin, and whether is bitcoin legal in India.

 

We sincerely hope that in this article your many confusions related to bitcoin will be cleared, but for that, you have to read this article completely. So let's start this article today and know what is bitcoin in detail.

 

What is Bitcoin

 

sequence

1 What is Bitcoin (What Is Bitcoin )

2 Who Invented Bitcoin (Who Invented Bitcoin)

3 Uses Of Bitcoin

4 How To Make Money With Bitcoin (Bitcoin Se Paise Kaise Kamaye)

5 How To Buy Bitcoin (Bitcoin Kaise Kharide)

6 Advantages Of Bitcoin (Advantage Of Bitcoin)

7 Disadvantage Of Bitcoin

8 Bitcoin Price (Bitcoin Price In India)

9 Bitcoin FAQs

10 You Learned: What is Bitcoin 

10.1 Related Articles 

 

Bitcoin is a virtual currency, it is a currency that has no physical existence. You can't touch bitcoin, don't keep bitcoin in your pocket or purse. Bitcoin is a digital currency. A digital wallet is required to hold bitcoins.

 

Bitcoin is used for online payment, it works on P2P networks. No country, government, bank, or company has control over bitcoin. People of bitcoin can directly transact with each other without any medium. It is a decentralized currency.

 

Bitcoin is very fast and efficient in an online transactions. Bitcoin is not only used for online payment, but people can invest in bitcoin and earn profits in the same way as they invest in the stock market. That's why bitcoins are very much discussed nowadays.

 

Bitcoin comes under cryptocurrency, it is the first and most expensive cryptocurrency. There are many types of cryptocurrencies available in the market such as Ethereum, RED coin, Ripple etc. All these cryptocurrencies are governed by the laws of cryptography technology.

 

The records of all transactions that occur in bitcoin are kept secure by blockchain technology. In Blockchain technology, if a transaction takes place from any computer connected to the network, then its address becomes known to all the computers connected to the network. Therefore, the chances of fraud in bitcoin are very less.

 

Who Created Bitcoin (Who Invented Bitcoin)

 

Bitcoin was developed in 2009 by a Japanese engineer named Satoshi Nakamoto. Along with bitcoin, he also introduced blockchain technology to the world.

 

Satoshi Nakamoto wanted to create a currency by which people can transact directly with each other without any bank, government or company anywhere in the world, and the record of their transaction should be kept in a Public Ledger.

 

In 2011, Satoshi Nakamoto, the creator of bitcoin, suddenly disappears and leaves behind this open source software that bitcoin users can use and improve and update.

 

Many people also believe that Satoshi Nakamoto was not a person, it was just a fictional character. But no one knows yet what is the truth behind it.

 

 Uses of Bitcoin

 

Bitcoin is used for online payment. In today's time, many companies, and NGOs are using it in online transactions.

 

Bitcoin works on Peer to Peer network technology, due to which people can do online transactions from one place to another without the intervention of government or banks.

 

Many people also use bitcoin to earn money. You can easily earn money by trading in bitcoin.

 

How To Make Money With Bitcoin (Bitcoin Se Paise Kaise Kamaye)

 

If you want to earn money with the help of bitcoin, then for this you will need to buy bitcoin. If you do not have enough money to buy bitcoin then you can buy satoshi, the smallest unit of bitcoin.

 

Just as one rupee of 100 paise is made in India, in the same way 100 million satoshis make one bitcoin. You can accumulate one or more bitcoins by buying satoshis gradually.

 

The prices of bitcoins fluctuate and fluctuate randomly, so when the price of bitcoins increases, you can make a good profit by selling bitcoins.

 

How to Buy Bitcoin (Bitcoin Kaise Kharide)

 

To buy bitcoin, first, you need an online platform, in which you have to create an account with your Gmail ID, and complete KYC.

 

When you get into the dashboard of that platform, you will see many cryptocurrencies including bitcoins. You can buy bitcoin very easily from here.

 

Some of the platforms to buy bitcoin in India are as follows –

 

• CoinSwitch Kuber
• WazirX
• CoinDCX
• ZebPay etc.

 

Advantages of Bitcoin

 

Some of the major advantages of bitcoin are as follows –

 

• All records of bitcoin transactions are kept in the public ledger by blockchain technology. Therefore, there is less chance of fraud in it.
• Bitcoin can be sent anywhere in the world.
• Bitcoin is an efficient option in online payment.
• Bitcoin is a digital currency, we cannot keep it physically with us, so there is no problem of bitcoin being stolen, mutilated.
• Transactions can also be done in bitcoin without any third party (eg bank, company, government).
• Sometimes our bank accounts are blocked, but bitcoin accounts are never blocked.
• Good money can be earned by trading in bitcoin.

 

Disadvantage of Bitcoin

 

There are also some disadvantages of bitcoin such as –

 

• If you forget your bitcoin account password, you can lose all your bitcoins.
• Since bitcoin is a digital currency, the risk of hacking also remains. Although the security of bitcoin is of a very high level, but still hackers can be successful in hacking it.
• Some people can use bitcoin to buy illegal things.
• Bitcoin is not controlled by any country or government, so its prices fluctuate randomly.

 

Bitcoin Price in India

 

Talking about the time of writing this article, the price of bitcoin in India is Rs 36,68,444.73. But the price of bitcoin fluctuates rapidly every day. That's why you can check the current price of bitcoin on Google.

 

Bitcoin FAQ

 

How do you invest in bitcoin?

To invest in bitcoin, you need to create your account on an online cryptocurrency exchange platform and complete KYC. Once your account is verified, then you can easily invest in bitcoin.

 

How are bitcoin transactions accounted for?

All the records of bitcoin transactions are kept by blockchain technology.

 

Who created bitcoin?

Bitcoin was created in 2009 by Japanese engineer Satoshi Nakamoto.

 

Where is bitcoin used?

Bitcoin is used for online payment. Bitcoin is considered a fast and efficient medium for online payment, so most companies use bitcoin for online transactions.

 

Is bitcoin legal?

If we talk about the whole world, then in some countries bitcoin is a legal currency, then there are many countries that have not yet adopted bitcoin. If we talk about India, then bitcoin is legal in India. You can earn money by investing in bitcoin.

 

You learned: What is Bitcoin 

 

After reading this article, you must have understood Bitcoin Kya Hota Hai, where Bitcoin is used, how to buy Bitcoin, and what are the advantages and disadvantages of Bitcoin.

 

We have tried our best to give you complete information about bitcoin, if any information is left then you can give us your suggestions in the comment box below.

 

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