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| Bitcoin |
Bitcoin is open source digital currency and payment system which is invented by Satoshi Nakamoto on October 31st, 2008. Bitcoin uses peer-to-peer technology and transaction occur between two user directly. There is no central authority or bank for operating bitcoin. That’s why bitcoin is described as first decentralize digitial currency. Transaction and issuing of bitcoin verified by Network. Bitcoin is mined using software, it has no existence like any other coin.
Value of Bitcoin in india:-
1 Satoshi = 0.00000001 BTC
1 BTC= $ 638 (approx) = Rs. 42686.28 (approx). Its rate fluctuates as the price of stock market.
Why Bitcoin?
1. Less transaction fees :- Compare to banking transaction like bank wire, bank transfer, credit card, takes more charge than bitcoin transaction. payza wallet transaction are following.
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| Payza wallet withdraw sec
2. Account fees is Zero: Bitcoin is stored in wallet like Unocoin, Blockchain, Coinbase etc.There is no charge for storing the bitcoin into wallet . Wallet provide 16 bit address, using this address people can send or receive their bitcoin anywhere from the world.
3. High Security & Instant transaction: As one wallet is required for to store the bitcoin and wallet provide 16-digit alphanumeric address and 2- factor authentication, 16 digit address and 2-FA provide high security. One wallet is like your own bank anytime and anywhere you can use for transaction your bitcoin instantly.
How Can I use bitcoin ?
Before getting bitcoin we should know that how can i use bitcoin. 1. people can use their bitcoin to recharge their mobile.it very easy. Use Bitrefill and recharge your mobile sit at your home any time .
2. Using bitcoin people can buy their product from Amazon, e-bay like site.list of companies who accept bitcoin are following
How to get Bitcoin
Before getting bitcoin you should open your wallet address. you can choose your wallet address like Unocoin, Blockchain etc.
I always prefer Unocoin because you can exchange your bitcoin to Indian currency to you local bank. And Unocoin also provide the referral income .
Simple registration necessary and after e-mail verification you have to provide you bank details, Adhar card, PAN card. After 24 hours you will get phone calls from Unocoin customer service for bank verification .
And if you want only bitcoin then choose Blockchain .Using Blockchain you can only send and receive your bitcoin. You can not cash out in your local bank.
If youwant know more about bitcoin than visit official site www.bitcoin.org
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