Digital currency has many names that can be called e-currency too. That is, it is not like your notes or rupees or dollar etc.., it is seen only on the computer that does not come directly in your pocket, hence it is called Digital Currency or Virtual Currency, it was launched in 2009. It uses a technique called cryptography — a process used to convert legible information into an almost uncrackable code. The world's first crypto currency is Bitcoin. The deposit is called mining. The crypto currency can be easily transferred to any corner of the world and can be converted into any kind of currency such as dollar, euro, rupees etc.
Mining
Cryptocurrency mining includes two functions, namely: adding transactions to the blockchain (securing and verifying) and also releasing new currency. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.
you can buy bitcoins from (These are the most reputed bitcoin exchanges of india)
- Zebpay
- Unocoin
- Coinsecure
- Koinex
How can I buy other Cryptocurrency in India?
You cannot buy most of the crypto-currencies directly against INR in india.
Alternatively, you would need to follow this route:
- Buy Bitcoins in any Indian exchange. ...
- Create an account on a reputed foreign exchange that supports other crypto currency. ...
Then you’ll get able to exchange those bitcoins with some other coins.
Before buying bitcoin or any cryptocurrency you need to first analyse the current market rate of the digital currency. you can view the digital currency current rate on - https://coincap.io or https://coinmarketcap.com
https://coincap.io
https://coinmarketcap.com
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