Converting Bitcoin to Fiat Currency

Bitcoin is been adopted by many countries including India. People are investing and trading in bitcoin on a large scale. But the awareness for the right use of cryptocurrency is still very scanty.  The Best Bitcoin exchange in India is spreading the knowledge for Bitcoin through their website and many other ways.

But there are still many bitcoin users who have invested in BItcoin at the Best Bitcoin rate but they are not aware of taking out the profit from it by converting the cryptocurrency to their local currency and buy goods and services using Bitcoins.

There are multiple ways to convert Bitcoin to local currency once you Buy Bitcoin in India. You can Sell Bitcoin in India from the same Bitcoin exchange in India from where you have bought bitcoin. The Best Bitcoin exchange in India like Unocoin and Bitxoxo allows its users to withdraw their bitcoins from their account to the registered bank address of yours. This way you get the amount in your local currency into your bank account.

To convert your Bitcoin you can also use the other international website like Neteller. You can try it but once go for the review as it's not my personal experience with this website. I always go with the Best Bitcoin exchange in India to buy and sell bitcoin in India.

Reasons to Buy Bitcoin in India

Bitcoin is heading high on its price since last few days. This week also bitcoin hit high of $3500 which is a great achievement for the cryptocurrency market. The rise in the price of bitcoin is giving rise to market cap reaching beyond $56 billion. Don't get behind to choose the best bitcoin exchange in India to buy your bitcoins.

There were a strong argument of trader, investors, and analyst on the price of bitcoin is going around. The best bitcoin rate is just a myth. Whenever you buy your own coin is the best bitcoin rate for you.
You need to look for the best bitcoin exchange in India to buy bitcoin and store them in your bitcoin wallet or in your bitcoin exchange in India.

Getting back to the reasons why to buy bitcoin in India:

1. Finance Industry and investors are taking bitcoin seriously

Since the bitcoin launch in the year 2008, the industry is growing to the great values. Recently the huge number of investors and entrepreneurs took a keen interest in the cryptocurrency. Due to rise in bitcoin price its has been gaining confidence in Investors.

There are many famous names of entrepreneurs and investors been associated with the bitcoin industry. Which is making the trade and investment safe for other bitcoin users. You can buy and sell bitcoin in India with any bitcoin exchange with hassle free procedures.

2. Bitcoin a new gold

The frequent rise in bitcoin price crossing above $3,500. People started comparing bitcoin with gold. As the price of gold is nowhere near to bitcoin though both the asset are the store for value and decentralized in nature. But bitcoin is more profitable in comparison to gold. As its price shoots up really fast you can gain profit in both long and short run investment. Easy to buy from any bitcoin exchange in India.

3. Bitcoin Limited in Number

It's a great deal for any buyer willing to buy bitcoin because there will be a scarcity of bitcoin in the market due to the limited in Number. Till now 80% of bitcoin has been mined and rest will be coming taking a lot more time. This will increase the demand for bitcoin with huge price rise could be expected in future. With lot more profit to the bitcoin users with best bitcoin rate in the industry.

Advantages to Buy Bitcoin in India

There are multiple advantages to buy bitcoin in India. I'm sure you must be wondering about them or starting figuring out some. Let me make your work easy. As we know bitcoin is a great profitable investment for every Bitcoin users in India or anywhere in the world.

Whether you make a short investment or long term, one can be sure of getting profitable returns from the digital currency. To buy and sell bitcoin in India have got a lot easier since the awareness regarding bitcoin came into existence. The bitcoin exchange in India is also doing an event, seminars, and one to one interaction in college and universities. These are of great help you can invest in any best bitcoin exchange in India for future.

Listing down the advantages of investing in bitcoin using best bitcoin exchange in India.

1. Fast Transaction

The transaction made through bitcoin wallet, mobile apps or online sites of bitcoin exchange in India is faster than any other private or government bank. No form filling or unnecessary wastage of time.

2. Low or No Fees

A fee has been charged by the bitcoin exchange in India for their service of transactions. Bitxoxo is the only bitcoin exchange in India who provide every service on its site for free with 0% fee.

3. Online Usage

You can use your bitcoin to buy and goods and services for yourself with no time.

4. Great Returns

Buy bitcoin in India with the best bitcoin rate you can get from your any best bitcoin exchange in India store them whether for a long or short term and sell bitcoin in India when you feel like with your Bitcoin exchange of your local currency with good returns.

3 Important Pillar of Bitcoin

We have been talking a lot about bitcoin and bitcoin industry. As you all know bitcoin is a decentralized digital currency that operates on the blockchain.

Let me tell you the most essential pillars of bitcoin.

The miner's bitcoin exchange and users. Without miners, we cannot get bitcoin if they stop mining and generating block it would be difficult to trade the cryptocurrency.
Best bitcoin exchange in India or anywhere is the most important for users like miners. Users, whether he is trader or investors, depends on bitcoin exchange in India to invest in bitcoin

1. Miners

Miners as we all know. They are the most important part of cryptocurrency. They mine bitcoin so we can buy or sell bitcoin in India and outside also. Mining is the concept in which the mathematical equation is been solved using hardware.
The current hardware used for mining bitcoin is ASIC hardware, the most powerful hardware. That enables to mine block in every 10 minutes and add them to block chain.

2. Exchanges

The leading supplier of bitcoin we get from the best bitcoin exchange in India. T o buy bitcoin in India we pitch to bitcoin exchange where we get the best bitcoin rate for investment and trade.
The user exchanges its fiat currency for bitcoins, the digital currency which is transferred to their account by the bitcoin exchange in India.

3. Users

All the bitcoiners who buy bitcoin in India through bitcoin exchange and exchange them for good and services. He can anytime convert his bitcoin to his local currency and vice-versa.

Bitcoin Price Cross $3000

The cryptocurrency bitcoin trading high by passing $3200 in the beginning of a new week of the month. This fork activation remained profitable for bitcoin rather than the new currency Bitcoin Cash. The digital currency that was launched with new blockchain after the split.

The best bitcoin exchange in India will not be supporting the Bitcoin Cash for now but there are the chances the bitcoin exchange such as Coinsecure, Bitxoxo, Unocoin may support the new digital currency with the increase in its demand.

The best bitcoin rate is yet to come for bitcoiners. The investor's expectation getting high with the increase of bitcoin price now. To buy bitcoin in India for the people hold it and later they can sell bitcoin in India to their bitcoin exchange on high rates.

There is the chance you can see the rise more in the price of bitcoin. Where you earn a great profit with your bitcoin store in your bitcoin wallet.

What is BItcoin Fork?

In last so many articles I have been writing every information about bitcoin and factors related to digital currency.  A few months back you have been hearing about digital currency legal or not. What will be the take of India Government over bitcoin and what will be the effect of the decision on bitcoin exchange in India?

In these many days, the price of bitcoin has also shown a huge fluctuation. In a meanwhile, arrive the bitcoin hard fork. The SegWit, SegWit2x and BIP 148 don't get confused with all these terms. These all are the Bitcoin proposals for the upgrading of technology and increasing the block size from 1MB to 2MB or more.

The bitcoin soft fork and hard fork both are the scaling proposals of bitcoin. There is no fixed assumption of getting the best bitcoin rate as per the situation. All the best bitcoin exchange in India such as Bitxoxo, Unocoin, Zebpay, coinsecure and others have stopped their deposit and withdrawal services until the settlement of the fork.

There may be the late processing of buy and sell bitcoin in India and all over the country due to the proposal.

Things you can avail using bitcoin

Are you a bitcoin enthusiast, who love to get all the things using online sites and transactions. Then this cryptocurrency is a lot helpful for you. Bitcoin as you know the currency that operates electronically. It does not have any physical appearance.

Starting from the scratch, firstly choose the best bitcoin exchange in India from where you can buy and sell bitcoin in India conveniently. Always remember for looking the best bitcoin rate to your bitcoin exchange in India.

Services you can get from bitcoin

Airlines
In countries such as Japan and california, the airlines are offering their passengers to buy their ticket using bitcoin. It can be possible with the merchants who accept bitcoin for booking your tickets in your country.

Restuarant
Now it has become very common in India and out of the India, where the chains of restaurants and online food delivery sites have been accepting bitcoin as a mode of payment for their services and food.

Retailers
Similar to paytm which every retailer uses in its shop. You can buy your thing using bitcoin as payment from the online retailers in India and out of the country. There are few online retailer that accept bitcoin as a mode of payment.

Transaction in Bitcoin Exchange

You may have got the certain information regarding the bitcoin exchange in India. Now you may be looking for the further process done by the exchange. The transfer of your funds and the process of buy and sell bitcoin in India. 

There is no physical print of bitcoin, you can not see or touch bitcoin. They are the electronic transaction or the currency (digital currency). The bitcoin transaction is recorded on the chain and of a different address. You can store you bitcoin in bitcoin wallet with the exchange. 

If you are looking for the best bitcoin rate in the best bitcoin exchange in India. Try to look out for the bitcoin exchanges such as coinsecure, zebpay, bitxoxo and unocoin. Try to avoid the cash trading or buy and sell bitcoin in India. It can be risky and the transaction cannot be traced y any mode.

 

How the transaction by bitcoin exchanges work?

There are three stage process for the transaction using bitcoin exchange in India.

1. Input: Input is the bitcoin address used for making transaction. The transaction sends by a sender to receiver.

2. Amount: The amount of the bitcoin that has been sent.

3. Output: Output is the address of receiver on which the transaction has been made.

Bitcoin Transactions

The bitcoin transaction is made using bitcoin exchange or the bitcoin wallet. The transaction is done electronically with the digital signature for verification as the proof of the owner. Every transaction made through the bitcoin exchange in India or bitcoin wallet is traceable through the blockchain.

The best bitcoin rate you can get from Bitcoin exchange you choose to send and receive the bitcoin. The digital currency operates globally and any individual can buy and sell bitcoin in India within minutes.

How Transaction Operates:

Input:

 The first recorded bitcoin address send the bitcoin on. As if the first person receive the bitcoin on the same address from an individual.

Amount:

 This is the number of bitcoin send to the second person from the first person. (who Firstly was receiver)

Output:

 The bitcoin address of the second person(receiver) is known the output.

All About Bitcoin Transaction in India

Firstly the digital currency (bitcoin) does not have any physical appearance. it operates electronical n a chain that records all the detail of block and the transaction made in bitcoin whether you buy or sell bitcoin or you transfer it to anyone.

How the transaction made. We all know by now that if someone has to buy bitcoin in India at best bitcoin rate we all search for the best bitcoin exchange available. But have you ever imagine how these transaction works?

Sending BItcoin

The two important factor needed to send bitcoin are: the private key and address. The sender uses its own address which is generated randomly to send bitcoin to the person living miles away from his/her.

Transaction Fee

It is not necessary that all bitcoin exchange charges transaction fees. Bitxoxo the bitcoin exchange in India charge 0% transaction fee from its customers. Whereas the other bitcoin exchange charges transaction fee to send, receive or buy bitcoin in India but the fee is low.

Receipt for Transaction

Bitcoin is not designed in a way that provides the receipt for any transactions. But you can confirm the transaction through the text message you receive through bitcoin exchange.

Buy Bitcoin in India

Cryptocurrency has been introduced to India a long time back but few of the people are aware of digital currency. Gradually the knowledge regarding the digital currency bitcoin started spreading around the globe. Which reach its peak at the time of currency ban in India.

Many of the Indian young professionals faced towards the security of their funds to the digital currency. Where they got assure of best bitcoin rate to buy and sell bitcoin in India in both long and shorter run. Apart from the bitcoin people also started investing in other digital currency using bitcoin for the safe end.

At the time of demonetization, many of the India took a smart move and converted their fiat currency into bitcoin. The best bitcoin exchange in India worked as a savior for the investors at that time. The bitcoin exchange such as Zebpay, Coinsecure, Bitxoxo and Unocoin showed their real talent and service with the fast and secure transactions of people.

India is few step back in becoming the digital India in near future. THe adoption of bitcoin and legalization for bitcoin exchange in India would be the essential part of making India more developed financial and increase its strength as a country.

Best Bitcoin Rate in India

Best bitcoin rate falls under the best bitcoin exchange in India but before they let's talk about the world's best bitcoin exchange who offers the best bitcoin rate all over the world and are known for the brand and service among the bitcoin users. The few most popular Bitcoin exchanges are the Poloniex and Coinbase.

Now, let's switch to our topic the best bitcoin exchange in India offering the best bitcoin rate to its customers. In this category, the few most promising bitcoin exchane in Inida listed that are Bitxoxo, Coinsecure and Unocoin.

These all bitcoin exchange provide the best buy and sell rate of bitcoin in India. To operate these websites is super easy. You need not gain expertise for any kind of service. If you are new to bitcoin industry this user-friendly platform of the website will guide you through each and every step to go further.

These bitcoin exchanges also provide the secure and easy mobile apps for its users. So that you can buy and sell bitcoin from any corner of the world with no time.

Scaling Proposals Impact on Bitcoin Exchange

Since the cryptocurrency launched the experts have been giving and introducing Bitcoin Improvement protocol. To improve the technology of bitcoin and blockchain on which it runs. Due to this several scaling proposals have been in the history of Bitcoin and many still in the pipeline.

Currently the SegWit2x, BIP 148 and Bitcoin Unlimited are in the line to get activated. The result can be seen on August 1 which of the proposal gets supported by the miners and activated smoothly.

You must be thinking during this period will you bitcoin will be safe. What all are the effects of the proposal activation will be on bitcoin exchange in India and others countries.

So let me tell you that all the best bitcoin exchange in India are ready to accept the changes coming in technology. The adoption may take time and the best bitcoin rate will be coming back soon as this all get settles down.

Whichever the proposal got accepted and activated the exchange may take a time to get ready for the changes in interface and the security of their exchange from the hackers. As the time going to be unsafe for bitcoins theft. After the things settle you can normally buy and sell bitcoin in India easily and keep your transactions on.

Protect Bitcoin Wallet

Buy bitcoin in India is getting a lot easier from 2 years back. When hardly people know about the digital currency. The demand of Bitcoin is increasing every day with lot new users joining the bitcoin exchange and searching for the best bitcoin exchange in India.

In this situation the danger of illegal activities and theft like hacking which was help a few months back where the hackers asked for the Bitcoin as Ransome also increase

To get safe from these unwanted acts. You need to know some safety measures. To store your bitcoin and get the best bitcoin rate in the market when you sell bitcoin in India. Firstly store them to the safe place. Now, this safe places are bitcoin wallets.

When you buy bitcoin in India from any bitcoin exchange in India store them into a hot or cold wallet. The safest Bitcoin wallet to store bitcoins is a paper wallet. How can you make sure your bitcoin wallet is safe?

1. Take cold Wallets: Cold wallets are the offline wallets. They are the safe wallet because they are not in network most of the time. Keep control over your private key.

2. Encrypt: Always keep your wallets encrypted with a strong password. This way hackers get comparatively fewer chances to stole your bitcoin.

3. MultiSig: Multisig is the option where the 2 or more than two signatures are needed to spend bitcoin. This multi-signature transaction increases the security of you Bitcoin wallet.

Sell Bitcoin in India

Buy and sell bitcoin in India are way easier than before. Now the customers need not look for the platform to buy bitcoin in India. It is very easy to search for the best bitcoin exchange in India. Now coming to sell bitcoin in India.

You need to first look for the best-suited method to sell your bitcoin and time at which you are getting the best bitcoin rate in sell. Let's see some method you can use to sell bitcoin instantly.

1. Sell bitcoin Online: 
The most convenient way to sell bitcoin in India is online.Using the best bitcoin exchange in India you can sell your bitcoin. This method is safe and reliable. The bitcoin exchange in India like Bitxoxo, Coinsecure, and Unocoin give the best bitcoin rate for buy and sell bitcoin.

2. Common Trading Place:
 The place where the two people meet with different needs. One wants to buy goods and services from the online retailer using bitcoin and another wants to buy bitcoin from credit or debit card. This platform provides the common platform for two different people.

3. Selling in Person:
The most simple way to get hard cash in return for your digital currency. You need to scan a QR code of the buyer from your mobile phone and the bitcoin get transfer to his wallet which in return give you cash in hand.

Store Bitcoin in Wallets

Bitcoin Wallets need a private key to access to the bitcoin wallet address. There are different types of Bitcoin wallet to store your Bitcoin safely. The another safe option or you can say the backup option from the digital Bitcoin wallets is the paper wallet.

The digital currency is the another promising currency than fiat currency. Every next merchant accepts Bitcoin as payment now. The bitcoin exchange in India also provides the Bitcoin wallet for security. The different types of Bitcoin wallet are as follows:

Hardware Wallet
They are rare wallets. The hardware wallet can keep the private key to itself and facilitate the transactions.

Online Wallet
Connected with the internet all time. The private keys are stored online the system is controlled by someone else. The one advantage of online wallets is you can operate them anytime and anywhere because they are on the internet. And the disadvantage is being online the private key sometimes get out of control.

Paper wallet
The safest wallet to hold your Bitcoin is the paper wallet.They are kept offline such as cold wallets. They paper wallets are low on price. There are multiple websites providing paper wallet. They give you the paper wallet contain Bitcoin address and the two QR codes printed on it. One for a public wallet from which you can receive Bitcoin and another one is private use to spend Bitcoin store in a wallet.

Every best bitcoin exchange in India provides Bitcoin wallet for their customers to hold them safe. Once you buy bitcoin in India you can keep them in any wallet. Buy and sell bitcoin in India from the  bitcoin exchange and there are few specific companies that provide only wallets and you can have them.

Why to Use Bitcoin as Currency?

Bitcoin is the newly launched digital currency in India. Most of the people in India are not even heard about the word Bitcoin . But if I give you the few profitable and time saver reason to use bitcoin as you use your fiat currency will you believe me?

Buy bitcoin in India is super easy due to the bitcoin exchange in India. You get the best bitcoin rate from the top bitcoin exchange in India. Now it's up to you are you willing to invest your hard earn money in cryptocurrencies that can give you good returns in coming years or not. 

Why use bitcoin for a transaction?

1. Fast: The transaction made from bitcoin is fast and time saver. You can send your bitcoin from one country to another in less a minute. You just need to have the bitcoin wallet address of your receiver and by clicking send button you are done.

2. Cheap: Bitcoin transaction from one person to another is not only fast but way cheaper than any other fund transfer app or website you have been using till now. The transaction fee is very low and in some bitcoin exchange in India, they don't even charge the transaction fee such as Bitxoxo.

3. Traceable: Bitcoin uses the blockchain technology to keep the back for every transaction made from one address to another. The blockchain is a public ledger through which any one can see the transfer of bitcoin without revealing the individual identity. This technology is available with every bitcoin exchange in India.

You can easily and fearlessly buy and sell bitcoin in India with all legal formalities done. From the best bitcoin exchange in India because they provide great services and support to their customer. The bitcoin exchanges are the safest and best way to invest in cryptocurrency.

Safest Way to Invest in Bitcoin

Investing in Bitcoin is the most asked question by many bitcoin enthusiasts. There are multiple ways you can go for investing in but choosing the safest and secure one is the most important step to take first in the field of the digital currency market.

It is the huge industry where every step you take does matter because the internet is flooded with several scams related to bitcoin and other cryptocurrencies. Take the suggestions and reviews from experts experienced people involve in cryptocurrencies. You can even check the internet for same if the reviews or article is genuine.

If you are looking to invest in Bitcoin the first step is you should have all your government authorized document with you. Such as Pan card, Aadhar card, and Passport. The reputed and top bitcoin exchange in India asks for the authorized photo and address proof ID's in order to allow you to open account in bitcoin exchange in India.

Never go for the firms or exchanges who exchange cash for bitcoin. These type of exchanges are not safe and can be dangerous for you. There is no surety whether you will receive bitcoin or not if you have given hard cash to a dealer first.

Mentioning below few names of best bitcoin exchange in India that are reliable and safe to invest in bitcoin as they all follow the government KYC measure and use authorized banks online service for the transfer of funds from your bank account to a bitcoin exchange and vice-versa. You can make an online transaction to buy bitcoin in India by using IMPS, RTGS and NEFT of your bank attached to the bitcoin exchange.

Bitxoxo: The best bitcoin exchange in India. It provides the best operation services to its users with 24x7 customer service support. Bitxoxo is the only bitcoin exchange in India that provides gift cards to its customers. With the 0% transaction fee, the exchange also gives the best bitcoin rate among the all other bitcoin exchange in India.

Zebpay: Zebpay is one of the best bitcoin exchange in India running for a long time. Even its name has been dragged in multiple issues but it is running with all dignity in the market. Popular among people and media. But lacking in service to the customers. You can always invest in the exchange as it is well established.

Unocoin: The bitcoin exchange based in Banglore is also a good exchange. They exchange to provide the easy interface to the users. The mobile app for Android and IOS is also available for the customers for the fast and convenient transactions to buy and sell bitcoin in India.

How Bitcoin Created?

Bitcoin is generated by the decentralized and the competitive process knows as bitcoin mining. The process of mining is basically a generating process which is done by miners by solving difficult numeric equations.

Every individual miner is eligible to get a reward or the transaction fee in a form of bitcoin who have generated a block. The miner also secure the bitcoin network by using specialized hardware for the use of mining. The bitcoin exchange in India, as well as others, receive bitcoin with the best bitcoin rate.

No one can change the bitcoin price as the bitcoin protocol is made is such a way that every bitcoin created comes with its fix rate. Which makes the process more difficult and as the people get involved means the more miners join the pool the difficulty level to generate bitcoin kept on increasing. Therefore it is hard to make a profit in pool mining. No developer or authority are eligible to make changes in the system to increase the profit in mining. Bitcoin nodes immediately reject the change which does not comply with the rules and the system follows.

These thing does not effect the buy and sell of bitcoin in India or any other country. You can conveniently go for the best bitcoin exchange in India and buy and sell bitcoin in India.

Is it Possible to Regulate Bitcoin?

Bitcoin is a decentralized currency. That is not governed by any government or an individual. Bitcoin is limited in number and is generated by the process called bitcoin mine. The bitcoins when created it was created with some strict rules and setup that can never be changed by anybody or an individual.

The Bitcoin protocol as given in bitcoin white paper by its inventor Satoshi. It is mentioned that nobody can modify the bitcoin protocol, not even the bitcoin protocol can make changes to itself by any means.

Any individual or the organization can invest in the bitcoin mining and take over the half of the control on the computing power of the network. However, the bitcoin can be regulated just like any other fiat currency. The bitcoin rise in price and the assumption to get the best bitcoin rate is beneficial fo investors.

As the Indian government is trying to regulate and legalize the Bitcoin in India. Let see what change it comes within digital currency. Till then the best bitcoin exchange in India are running and people keep on to buy bitcoin in India to invest or trade.

Is Bitcoin Legal?

Till now the bitcoin is neither legal nor illegal. The fact is the bitcoin is not announced as the illegal digital currency by any legislation or judiciary. The digital currency is operation in most of the countries now with no ban or any issues. 

 

The best part of the digital currency is it is the first decentralized cryptocurrency which is growing so fast and accepted in most of the countries. And which are left they examine the digital currency and soon be giving their verdict on the currency. But no one can hold the growth of the Bitcoin for sure as the digital currency is not governed by any central body or individual.

The countries like India and Russia are still in the progress in examing the bitcoin and making norms to regulate it in the country but the bitcoin exchange in India is still operating and gaining profits. The best bitcoin exchange in India has established an association DABFI that includes Zebpay, Bitxoxo, Coinsecure and other bitcoin exchange in India. 

You can easily buy and sell bitcoin India with no restriction and issues. The bitcoin become the best investment vehicle for the people. they are moving toward digital currency rather than LIC, mutual funds and other saving schemes. People trust bitcoin and believe it the best investment with great returns.

Make Money With Bitcoin

Buy and sell bitcoin in India is the most simple thing people are doing nowadays in India. It just became a trend since the bitcoin came to India and more and more people getting aware about the digital currency.

But making money out of bitcoin have you every thought about this. If no, this going to be exciting for you. Till now you did has you opened a bitcoin account in best bitcoin exchange in India. You buy bitcoin in India make invest. What else you did?

Let's come to the point making money using bitcoin. As you now Bitcoin is a brand new thing covering the Indian financial market rapidly. The best bitcoin rate is always to come. Never wait for making and investment thing for the price down.

There is also no guarantee for anything in this world and that to digital currency. You can invest in Bitcoin for a longer period. go for the bitcoin mining, or get into the new business with bitcoin. You can make handsome amount until the currency remains. As you know it is the fastest growing digital currency in the market you can also make some profit out of. 

Advantages of Bitcoin

Bitcoin investment and trading are becoming two most common things in India nowadays. Everyone talking about bitcoin and look to buy bitcoin in India. But there are also many of us who examine the bitcoin advantages, risk and disadvantage of bitcoin before going to any bitcoin exchange in India. And another wait for the best bitcoin rate to come.

Will look upon some advantages of investing in Bitcoin

1. Safe and Controlled: The person who buy bitcoin has full control over its transactions in the bitcoin exchange. The identity is not revealed at the time of the transaction and you can even protect your funds using backup and encryption.

2. Low risk on merchants: The transaction held in bitcoin are secure they do not disclose the personal information.The transaction is irreversible saves merchant from frauds. Due to which the merchants can pitch nay new market.

3. Transparency:  There is lot transparency due to blockchain technology. The one from any organization or individual can control the blockchain or make changes to it. The manipulation of bitcoin protocol is much difficult as it is cryptographically safe.

Anyone can now invest in bitcoin by choosing your best bitcoin exchange in India and follow the procedure as per the bitcoin exchange in India offers.

How Bitcoin Operates?

Bitcoin is a digital currency that we all know. But ho it works and keeps running. Bitcoin is a first digital currency to use peer to peer technology that gives instant payment transactions to its users.
It is a decentalized currency which is not governed by any central body or individual.

Bitcoin is mined by the miners or the group of miners a process is known as pool mining. For every block generated by the miner, he receives the reward and the transaction fee in the form of bitcoin. The smallest unit in bitcoin is called as Satoshi.

The process of mining is a solving of numeric equations which gradually becomes difficult on ever block generation. The every new block generated through mining is added to the blockchain. The reward for generation every new block is received by a miner in a for of bitcoin. The first reward given to the miner was of 50 bitcoin in the year 2009. IN every four years this reward is cut in the half which is the process known as 'Bitcoin halving."

Bitcoin is operated on the network called blockchain technology.The blockchain technology is a public ledger that has the record for every transaction and generated block.
The person can easily buy and sell bitcoin in India and other countries now. The generation of bitcoin and adaptation is increasing gradually. The awareness is spread all over the countries even in which it is yet to be legalized like Russia and India with the best bitcoin exchange in India. The bitcoin exchange in India gives the user a best bitcoin rate in the market. You can trust them and buy bitcoin in India. 

Fastest Growing Bitcoin Exchange in India

The best investment deal for people and the fastest growing market of cryptocurrency is on its path of growth. Being a volatile currency, bitcoin has given huge returns to its investors and profit to traders. Customers are having a huge demand for Bitcoin in India. Due to which the best bitcoin exchange in India decided to provide 24x7 service to their customer.

This step has given the great opportunity of buy and sell bitcoin in INida convenient and easy with no fixed time bars.You can buy bitcoin in India anytime you want with the best bitcoin rate in the market. Here are some best bitcoin exchange in India providing 24x7 service to their users.

1. Bitxoxo

Bitxoxo is the fastest growing and trusted bitcoin exchange in India. They provide 100% satisfaction to the customers. This is the only exchange that first started the 24x7 service for its users and customer support. Bitxoxo service for transaction comes absolutely free with 0% fee. They are the only bitcoin exchange in India who provide gift card, which can be taken from their website and shopclues.

2. Zebpay

Zebpay is the first bitcoin exchange in India. The provide fast service with their app. You can buy and sell bitcoin in India using their mobile Apps available on both Android and IOS. Their trading platform is good with frequent updates.

3. Coinsecure

Coinsecure established in New Delhi. The bitcoin exchange gives best bitcoin rate to its users. The exchange has both the website and mobile App trading platform.

Best Bitcoin Exchange: Gift Card

There are several bitcoin exchanges in India. Providing multiple services to their customers. But recently I came across the most exciting thing with the bitcoin exchange in India.

There is multiple online retailers website who are providing gift cards to their customers. In India, there are many such as Amazon, Flipkart, and etc. From gift card, you can do many things which you can't imagine. The bitcoin gift card is also the same.

Are you looking for some idea for a surprise gift to your wife you should be happy because the gift card can do this for you? Or you are confuse finding some wedding gift to your friend. For all this thing you get to have a bitcoin gift card.

Where you can get your gift card?

Bitxoxo the only bitcoin exchange in India who are providing the gift card to their customers. You just need to join to their website. After completing the verification process and legal formalities. You can login to your account and buy and sell bitcoin in India and yes your gift card too!

Bitxoxo provides the facility to drop your gift card to your doorstep. Means IF you purchase the bitcoin gift card and want it to deliver to your friend's place or anywhere in INida. Bitxoxo does it for you without any hassle your friend and family receives the gift card and they can shop anytime anywhere using the bitcoin you offered them through the gift card. You get the best bitcoin rate India for your gift cards also to buy bitcoin for investment.

How Bitcoin Wallet Work?

Before you buy bitcoin make sure you have the bitcoin wallet provided by bitcoin exchange in India and other countries exchanges also. The bitcoin wallet is the best place to hold your bitcoin. You need to buy and sell bitcoin in India from the best bitcoin exchange in India. As the investing in bitcoin and other cryptocurrency is a bit risky due to market fluctuations.

A market is a thing you can't control but keeping your bitcoin safe is the best thing you can do by storing them in bitcoin wallet.

Using bitcoin wallet:

Before storing or starting your process you should see your PC and laptop is secure by antivirus.

• Open your account using your email address and password in Bitcoin Wallet.
• The password should be unique and keep it safe without losing it because there is no password reset option available.
• Keep a backup for keeping your email address safe.
• After receiving your bitcoin address keep it safe and add your public address to the wallet.
• Now you can send and receive the cryptocoin using your Bitcoin address with others.
• You can hold an enormrous number of bitcoin in your wallet.
• Send and receive the bitcoin free without paying any transaction fee or waiting for transfer confirmation.

4 Types of Bitcoin Wallet

There are several types of bitcoin wallet. The priceless bitcoin if you buy Bitcoin in India or anywhere in your country to store them you need to have a hot or cold wallet. These wallets are available in the bitcoin exchange in India and other.

1. Hardware Wallets

The hardware wallets are physical wallets and fall under the category of cold wallet. The wallets are portable and similar to the USB port. The port is to be plugged into the computer for the transaction.

2. Paper Wallet

The paper wallet is the suitable option to store bitcoin in the wallet. The process involves the printing out of your public and private bitcoin key on paper. It operates offline, therefore, it is a cold wallet.

3. Desktop Wallet

The desktop wallet is the wallet to secure and hold your bitcoin. even your system is offline. Access them on laptop and PCs.

4. Online Web Wallet

The are the hot wallet property the online wallet or web wallet are same. These wallets are easy to use. The key is stored in the cloud rather than your computer. You can access your wallet anytime as they are connected always with the internet on multiple devices.

Types of Bitcoin Wallet

The bitcoin wallets are the simple wallet that helps you to hold bitcoins. There are basically two types of Bitcoin wallet available. The bitcoin exchange in India and worldwide provide the bitcoin wallets for their customers.

Until the time buy or sell Bitcoin in India. You need to store your bitcoin which is very necessary for that bitcoin wallet works best. As you get the best bitcoin rate you can instantly release them means sell bitcoin in India easily.

1. The Hot Wallets 

2. The Cold Wallets

The Hold Wallets: 

The hot wallets are linked with the internet. These wallets are virtually connected with the bitcoin user address. The bitcoin can be spent using hot bitcoin wallet. You can the instant withdrawal from exchanges due to the hot wallet. The hot wallets are not much safe and there are chances to get attached easily as they operate online.

The Cold Wallets:

The cold wallets are much safer than hot wallets. The bitcoin cold wallet is necessary for people having bitcoins. They store bitcoin offline; the wallet is indirectly connected to the internet. The connection between wallet and internet is zero. But you can receive your bitcoin in the wallet on a given time. Due to the offline system of cold wallet, there is no chance of hackers to steal your bitcoin. It is more likely a saving account for your bitcoin and funds.

Safe and Best Bitcoin Exchange in India

There is multiple bitcoin exchange in India. The exchanges not only for bitcoin but all other altcoins as well. The best thing is to search for the best bitcoin exchange in India before you make the decision to buy bitcoin in India.

The several things to know before you start your trade in any cryptocurrency. Look for the exchange that is reputed and established in the country. The exchange should have the easy interface with two-way authenticator security is important.

The other points are as necessary as above such as the reputation of bitcoin exchange including the safe measures they provide to the customers, some exchanges also provide an app to make the trading and buy and sell bitcoin in India easy for their users. The app provided are both IOS and Android.

Look for the exchange that offers best bitcoin rate in India which is the best thing to see if you are getting good service with discounted price go for it. The are other factors too which you come through while choosing the best bitcoin exchange in India. Below given few name of exchange you can choose:

1. Bitxoxo
2. Coinsecure
3. Unocoin
4. Zebpay

Legal Staus of Bitcoin in India

 The bitcoin has been accepted by most of the western countries including Asian countries like China, Japan, and Korea. Where Japan has legalized the currency and announce the use of the digital currency as a mode of payment by the retailer in the country.

The high volume of trading has been recorded from the countries like Japan and China with increasing demand for bitcoin. Recently its has also been announced that Japan is going to get its first bitcoin ATM in the country.

Where these countries are leading in digital currency move, India is still examining on bitcoin and the bitcoin exchange in India looking for positive result out of it.

The Reserve Bank of India has also announced that the transaction or investment in bitcoin is neither legalized nor illegal in the country.  The warning has been giving by the central regarding the investment and trading were done by people in cryptocurrency using bitcoin exchange in India like Zebpay, Coinsecure, Bitxoxo and Unocoin can be done but at their own risk.

The government concern is that the payment and transaction are made in digital currency is peer to peer there is no third party involvement or proper framework. Mean no security or dispute to be solved by any authority. Government is still working on the decision. Till then you can trade buy bitcoin in India, trade and invest even you can sell bitcoin in India The cryptocurrency bitcoin is not banned by the central government.

Beginners Tip To Buy Bitcoin

The three major points for beginners to understand before you decide to buy bitcoin from th best bitcoin exchange in India.

1. Invest Small Amount

It is highly advised for the beginners to find out for the best bitcoin exchange in India to buy bitcoin instantly in India. The should be limited or small because it is a cryptocurrency market. In the digital world, it is hard to predict or give security for your money.

Invest a small amount to buy or sell bitcoin in India. The amount which you can bare a loss if it gets dissolved.

2. Keep Records

Always keep records for your details regarding the digital currency. Such as if you buy bitcoin or sell them using your wallet address. You need to have every information of your bitcoin transaction and wallet key both online and offline. Which can be made using pen or paper or MS word.

3. Bitcoin Wallet

You need to open your account in bitcoin exchange in India to transfer your bitcoin into fiat currency for which you need bitcoin exchange. The other option is you can use bitcoin wallet to store your bitcoins which are safe ad convenient to buy bitcoin next time.

Bitcoin Games for Free Bitcoin

There are multiple ways to get free bitcoin in which the bitcoin games are getting popular these days. Since the bitcoin started the gaming world is offering free bitcoin to any individual who participated in the game. These websites are not linked with any bitcoin exchange nor you can buy bitcoin to play games.

There are different categories of game you get on google play, website or using an app. Listed below are some name of gaming a website that claimes to give free bitcoin to the winner.

1. Play Dice
2. Roll and Ball
3. Pop Bubbles
4. The Blockchain Game

The Promising Cryptocurrencies of 2017

Croptocurrencies are flowing everywhere worlwide in 2017. There are more then 700 virtual currencies running in financial market. The year 2017 has been the most promising year for the cryptocurrencies. From the acceptance of bitcoin and other virtual currencies to making them a mode of payment multiple decision had been taken this year.


Naming some popular cryptocurrencies of 2017 below:

1. Bitcoin

Bitcoin is the most popular and promising virtual currency of 2017, The best bitcoin rate till date is $2,238 according to coindesk. The assumptions made for the bitcoin value will be reaching $3000 by the end of this year. It's not too late for investing in bitcoin.

2. Ethereum

Ethereum is also sparkling and shows the continued surge in its value. By the few percent of slip in currency its value again stood up. Ethereum has also shown its potential by its bullish trend when it reached $300 in March. the currency may reach $100 this year assumed by the analyst.

3. Ripple

The banks may adopt ripple network in their use of transaction and other banking operation due to its fast and traceable service. The virtual currency has been shooting high starting from the least price value. Ripple has great possibilities to surge high, a good chance to make handsome amount.

Seeing all these cryptocurrencies such as litecoin, altcoin, dash etc. The bitcoin seems more promising this year. The acceptance of bitcoin in western and Asian countries. The increasing demand to buy bitcoin making the best bitcoin exchange register in most of the countries.

What Best to Buy Bitcoin or Gold?

Bitcoin is a virtual currency and gold is a commodity. The bitcoin price is not affected by the other fiat currency situations and not even with the countries conflict and other problems. Therefore gold price can easily get the effect with the disturbance in fiat currency and internal or external issues.

The bitcoin rate increases as a skyrocket and gold remain steady moving slowly. One can get best bitcoin rate from any of the best bitcoin exchange in India. The value to buy bitcoin remain more or less similar in all the bitcoin exchanges. The difference is in their fees, some may charge or some not to buy or sell bitcoin.

The bitcoin rates are touching the sky in comparison to gold in 2017. The gold market is not in a good position since the bitcoin arises. If someone is looking for the good return from the investment, need to invest in bitcoin.

The other cryptocurrencies are also getting a launch for short term or long term it's up to you. But you get the good return once is for sure and if not better try next time.
The best thing to note is always invest the amount you can bear lose. First, examine the finance market you want to invest then move on. 

Future of Bitcoin in India

Bitcoin is the fastest and easy mode of money transfer from one place to another even it's out of your country. As people are becoming totally depended on the internet for their every single need. The day is not far that these cryptocurrencies will be circulating all over the globe.

After the financial crises in several countries. The most of the western and Asian countries are adopting the virtual currencies. A few days back the bitcoin price jumps hitting the best bitcoin rate of all time due to the increasing demand for bitcoin in Japan. The country has also made the bitcoin as a legal currency equal to its fiat currency. Announcing the bitcoin as a mode of payment in Japan the brand new 10 bitcoin exchange came in front to register themselves as best bitcoin exchange in the country.

The countries like Russia and India are still to give their verdict on same Most probably the Russia will legalize the bitcoin in 2018 according to the sources. But India still busy examining the virtual currency. The best bitcoin exchange in India has also tried to explain the virtual currency to the government and waiting for the positive response from the other side.

The users and adopters of bitcoin are kept on increasing in India every day. According to one of the bitcoin exchange in India (Zebpay), the 2,500 people are registering themselves as bitcoin users daily.

This growth and interest of people to buy and sell bitcoin in India show that the virtual currencies are spreading their ways in India and people getting addicted to it for trading or investment which clears the great future ahead for the cryptocurrencies in India.

Increasing Growth of Bitcoin in India

Indian Citizen finds bitcoin and other cryptocurrency as a best investment asset for both longer and shorter run. 

There can be multiple reason behind the increasing bitcoin rate such as: 

• The rise in demand of bitcoin by the citizen of India as well as the entire world. 
• The acceptance of bitcoin is given by the most of the countries around the globe and making digital currency as a mode of payment for retailers.
• Being a decentralized currency the interferance of third party is zero.
• The money trasfer has been made more comvenient and quick around the globe.
• In wire transaction you can even track your funds through bitcoin ID provided (auto generated)by your bitcoin exchange in India you register.

Around 2,500 Indian citizen register themselves in best bitcoin exchange in India like, Bitxoxo, Zebpay etc. This number is been increasing everyday from registering to the website to the bitcoin exchange app.

People buy bitcoin for their investment purpose or for trading. You can even buy other cryptocurrencies from bitcoin, which is the another beneficial part of this digital currency.

Unknown Facts About Bitcoin

Bitcoin is the decentralized currency runs virtually, using peer to peer network. The digital currency best to buy from the bitcoin exchange. It can be transferred through wires in minutes taking very minimal time in comparison of fiat currency transfer from one place to another.

The currency transfer from digital currency has been made so easy and convenient without the interference of the third party the money can be received and send from one user to another. One of the best quality of digital currency is the transactions made through bitcoin are public. 

The transferred bitcoin can been seen without unveiling the identty of an individual. The id generated at the time of registration in bitcoin exchange commonly known as bitcoin address of the individual user. (blockchain technology).

The two popular websites accepted bitcoin for first time were WordPress and Reddit. The bicoin is far different from the fiat currency. The bitcoin is a virtual currency that is not regulated by any central body nor printed.

Bitcoin received the good number of users at the time of demonetiztion in India. When Prime Minister Narendra Modi banned the 500 and 1000 rupees note in India on 8th November 2016. Many of the Indian Citizen find bitcoin and other cryptocurrencies as great investment vehicle and started looking for the best bitcoin exchanges in India such as Bitxoxo, Coinsecure and etc.

An alternative to the fiat currency bitcoin started from $1 in October 2009 and now surging to the best bitcoin rate till date is $1,768 as on May 2016.

How to Buy and Sell Bitcoin in India

Bitcoin in India is accepted by many of the citizens but the Indian government is still to give its final decision to regulate the bitcoin the (digital currency) in India. To make the decision over the regulation the committee of the higher government officials are appointed.
These officials are responsible for giving their decision on the basis of analysis report and all data of the digital currency.

There are multiple ways to buy and sell bitcoin in India, the most trustworthy mode to buy bitcoin is the bitcoin exchange. It is important to look for the best bitcoin exchange in India before you invest your money in digital currency.

The one has to register itself in bitcoin exchange and after the verification of the PAN card and KYC formalities from the bitcoin exchange, you can use your account to buy gift cards, buy or sell bitcoin or other commodities.

What is Bitcoin?

Bitcoin is a decentralized currency. The currencies that run virtually and the transaction such as buy or sell bitcoin are done safely through web.

The digital currency bitcoin is invented in 2009 by the mystery programmer of bitcoin named Satoshi Nakamoto. The currency is virtual asset and not printed such as dollar, rupee and euro.

The bitcoin currency is generated through mining. The numerical equation solving which is known as bitcoin mining. These currency is flourishing all over the world and accepted. The bitcoin currency is not governed by any authority and runs independently.

The bitcoin can be acquired conveniently at best rate among the best bitcoin exchange in India, where you can buy and sell bitcoin. The multiple exchanges operates in the India with higher services that run 365 days in 24x7 assistance.

Buy Bitcoin in India

Investing in bitcoin is a great deal as bitcoin price going up by crossing $1800 in a week. The acceptance of bitcoin worldwide is a great attraction for the citizen. If you are also willing to buy bitcoin in a best bitcoin rate before you miss the bitcoin train to hop waiting for the price to come down.

You'll need to register to the bitcoin exchange to buy or sell bitcoin India. Some bitcoin exchange is also providing bitcoin wallet in which you can hold your bitcoin for later use. Listed below are the best bitcoin exchange to buy bitcoin in India.

Unocoin

The leading exchange in India supported by investors from U.S. The exchange provides bitcoin wallet for storing the bitcoins. The bank transfer facility is given to transfer the funds via NEFT and RTGS.

Bitxoxo

The fastest growing bitcoin exchange in India is bitxoxo. The exchange has 24x7 supportive customer support and hassles free trading platform. The transaction is fast and secure with 0% fees charged for transactions.

Coinsecure
The trading platform really useful with video to guide you. Coinsecure charges minimal fees to buy bitcoin. An interface is a little bit confusing if you are new to this website.

Zebpay
The bitcoin exchange providing bitcoin wallet and introduced their android and iPhone app for its users for quick purchasing and trading of bitcoin.

Tips For Searching Best Bitcoin Exchange in India?

Searching for the best bitcoin exchange in India can be difficult as there are many bitcoin exchanges and much more are opening in every few days.

In this scenario, there are only two ways to decide from. Firstly you can take an advice from any financial expert on this. Secondly, make your decision by experimenting yourselfBy experiment I mean make a list for top 3-5 bitcoin exchange in India.

Given below are few tip you can keep in mind to decide the best bitcoin exchange in India

• Register urself and after your identity verification and KYC, you are good to go. 

• Track the time consumed in the process for verification and processing other legal norms.

• The facilities provided by the exchange such as their customer support, are they active and resolve the customer's issue in given time. 

• Have a check on their price, are they giving you the best bitcoin rate in comparison to the other bitcoin exhange in India. 

• The exchange is providing fastest and secure trading platform.

• Is your exchange keeping you updated with buy and sell bitcoin rate?

Top 4 Bitcoin Exchange in India

Bitcoin is becoming a great source of investment these days. The demand for bitcoin in the market is increasing every day. This increase in demand for bitcoin giving rise in the price of cryptocurrency. However, before investing your money in any sort of assets the individual should have the proper knowledge for it. And to clear your confusion between deciding a best bitcoin exchange in India you need to read this article.

The list of top 4 bitcoin exchanges in India:

Bitxoxo

The fastest growing exchange with best bitcoin rate in the bitcoin industry you can get from Bitxoxo exchange. The exchange provides real-time solution to its users. The exchange charges 0% fee for the transaction. You need to verify you KYC to get started with your services which hardly takes few minutes.

Unocoin

The Unocoin is the first bitcoin exchange opened in India. It gives good service interface to its customers, but it is also the expensive exchange in India. This bitcoin exchange provides both app and website as a trading platform.

Zebpay

Zebpay comes among the popular bitcoin exchanges in India. The company is based in Ahmedabad, India. They provide a user-friendly app for its users.

Coinsecure

The Coinsecure exchange is also one of the trustworthy exchange. They provide average bitcoin rate but take huge time for the process of verification of KYC. Office based in New Delhi and they also give both app and website for trading.

How to get bitcoin?

Bitcoin is a new and exciting virtual asset people talking about nowadays. Most of the people want to invest in cryptocurrencies looking out some easy and hassle-free option to get their own bitcoin on the best bitcoin rate. Bitcoin can be used for many ways from transferring funds worldwide to shopping. Here are few ways from where you get your virtual asset in hand.

Bitcoin Exchange

The most popular and reliable way to buy bitcoin is the best bitcoin exchange. These exchange platforms provide services such as trading, buy and sell bitcoins. You can even hold your bitcoin in the wallet provided by these bitcoin exchange.

Bitcoin Mining

One of the processes for getting bitcoin is Mining but it’s not always profitable. But if you have favorable weather conditions for mining such as cold climate, strong hardware etc. you can mine bitcoins.

Earn Bitcoin

Yes, you can even earn bitcoin without investing a single penny or labor. There are several websites or gaming portals who offers bitcoin to register on their platform. If you love playing games like roulette, blackjack and etc. you can win bitcoin rewards instead of buying them.

Where can you buy bitcoin in India?

There are multiple ways to buy bitcoin in India. The companies and bitcoin exchanges in India are claiming its users for providing a fast and secure platform to buy and sell bitcoin in India or around the globe.

Being a bitcoin enthusiasts, the experiment shows that few of the bitcoin exchanges are operating in India.  Every exchange has different procedures based on their security norms. Some of them are really time taking and slow, whereas others are quick and hardly takes few minutes.

The top 3 bitcoin exchanges are as follows:

1.    Bitxoxo

Bitxoxo is the fastest communicating and easy accessible bitcoin exchange. The procedures from sign up to buy or sell bitcoin is quick. The best thing about the exchange is that they don’t charge any kind of fees for their services and offer best bitcoin rate in the industry. Bitxoxo bitcoin exchange provides 24x7 customer service and three payment ways: IMPS, RTGS and NEFT from any national bank.

2.    Zebpay

Zebpay is also a good exchange. They provide good service and customer support a bit slow. The transaction is fast and secure. They also accept payment through NEFT, IMPS, RTGS bank transfer. The exchange is more in the headline in past few days due to various reasons resulting in the loss of users from their platform.

3.    Unocoin

The Unocoin gives great service to its users. You can buy or sell bitcoin anywhere around the globe in minutes. The exchange you can trust for your bitcoins. The bitcoin can be purchased or sell via bank transfers. The fees for the services are on the lower side.