What Are The Possible Ways To Invest In Bitcoin?

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How To Invest In Bitcoin In Four Simple Steps?
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Now even Indians are so curious to own
cryptocurrencies. But mere owning a
cryptocurrency is not a solution, you need to
know how to buy it for trading or selling. Among
other cryptocurrencies, Bitcoin is the most
popular one. So in this blog, we will know how to
invest in Bitcoin.
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Introducing Bitcoin

• To find the main reason behind the popularity of
  cryptocurrency which we notice today is Bitcoin.
  Ever since it made its debut on 3rd January 2009,
  it created a wave among the whole world. People
  became much fascinated with its use as the
  digital currency.
• Though there is much confusion about its real
  founder, however, Satoshi Nakamoto is popularly
  known to be the real founder. When we discuss
  Bitcoin, then it is not possible to not mention
  blockchain. For someone new to the crypto
  concept, might not be aware of the fact that
  blockchain is a digital ledger platform on which
  Bitcoin and other cryptocurrency operate. Without
  blockchain, the Bitcoin can't function.

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• In comparison to fiat currencies, Bitcoin has
  lower transaction costs. If you want to own
  Bitcoin, then you need to understand that these
  crypto coins are scarce. It is complicated to
  obtain it over time.
• Every four years, the rate of Bitcoins is
  produced in cuts. If you follow Bitcoin news
  today, then you might be knowing that in the year
  2020, the halving of Bitcoin is expected again.
• Although Bitcoin has become much popular choice
  among the people now in India, there might be
  some beginners who might not know how to buy it.

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How To Invest In Bitcoin
Now since the concept of cryptocurrency is
accepted in India, so it is possible to invest
Bitcoin in India. But are you aware of its
buying? If not, then know it now. If you want to
buy Bitcoin, then there are some exchange
platforms.
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Bitcoin ATM- You must be using ATMs of several
banks for transactions, but there is also an ATM
for especially obtaining Bitcoin. To deposit
cash, you need to have Bitcoin ATM nearby.
Bitcoin is sent to you when you get promoted for
Bitcoin address. You dont have to face any
exchange hassles as Bitcoin ATM features an easy
method. 5 to 10 is supposed to be the charges
for its services. Unocoin- If you want to invest
Bitcoin in India, there is another popular
exchange called Unocoin. It is prominently based
on Bitcoin. In this exchange, users can refer to
NEFT and IMPS bank deposits for buying the
Bitcoin. The cryptocurrency is received when the
payment reaches in the account of Unocoin. .7 is
the trading fee charges of this exchange.
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Local Bitcoins-In this exchange, amounts of money
and method are chosen by the users. Person to
person Bitcoin exchanges is allowed through an
escrow service. Changelly- Changelly is unlike
another exchange, where the user selects output
and input currency. When the two currencies are
chosen, a deposit address for the output currency
must be given by the user. A provided address is
then sent to the currency. In changelly exchange,
a user can use fiat currency to buy any
cryptocurrencies, including Bitcoin. 5 of fee is
taken by the simplex, whereas .5 fees go to
Changelly.
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Conclusion So this was all about how to invest
in Bitcoin especially in India. The emergence of
cryptocurrency did not seem easy in a big country
like India. It was not acceptable. But later on,
when this digital financial version proved its
worth, then it was acknowledged and made its
existence in India. Now more and more Indians are
making the best use of cryptocurrencies,
including the dominant one, Bitcoin.
Sources https//www.cryptoknowmics.com/news/how
-to-invest-in-bitcoin-in-four-simple-steps
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