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.