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.
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.
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