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How to invest in bitcoin?

How to invest in bitcoin? 

The demand for the virtual currency Bitcoin is increasing rapidly all over the world including India. There is a competition among people to buy Bitcoin. The biggest reason for this is the increase in its value.

Do you know that currently, the price of bitcoin is more than 38 lakh Indian rupees?

That's why many people are doing the business of buying bitcoin at a low price and selling it at a high price. People are also succeeding in this business. Its value and demand are going to increase in the future. That's why you should also invest in bitcoin.

So that's why today I thought why not provide you some important information about how to invest in bitcoin so that you can easily invest in it.

What is bitcoin?

Bitcoin is a virtual currency. It was invented by Satoshi Nakamoto in 2008 and released as bitcoin open-source software in May 2009. It can be used online only.

Initially, its price was $ 0.003 but in today's time, the price of one bitcoin is more than 20 lakhs. By looking at these figures, you can estimate how much the value of bitcoin has increased over time.

how to buy and sell bitcoin?

It does not have any virtual form i.e. it cannot be touched, but it can be spent. There is no owner of this currency like any country or government. That's why it can be easily transported anywhere and no fee is charged.

What are the documents required to buy bitcoin?

To buy and sell bitcoin, you must have some necessary documents so that your bitcoin account is verified and your digital currency remains with you. Those required documents are:-

1. Aadhar Card

2. PAN Card

3. Voter ID Card

4. Bank Account Details

How to invest in bitcoin in India?

To buy and sell bitcoin, you must have a bitcoin wallet because without a wallet you can neither hold nor sell bitcoin.

There are many such websites and apps are prevalent in India from where we can buy and sell Bitcoin. Wazirx, Zebpay, and CoinSwitch are very popular apps from where we can invest in Bitcoin.

But if I am asked, I will always choose "Wazirx". Because I myself have been using it for many years. I have never had a problem with anything on this platform.

1. Sign up for Wazirx App

First of all, you have to sign in to buy Bitcoin by visiting the Wazirx app or website. For signing, you have to verify your mobile number through OTP. After that, you will need to set a 4 digit PIN for security.

2. Complete the KYC

After signing up you have to complete KYC. For that, you have to upload the photo of your required documents to the app or website. Within 24 hours your KYC will be verified and you will be able to buy and sell Bitcoin.

KYC is completed within 1 hour in most of the apps.

3. Enter bank account details and deposit money

Here you have to enter your bank account information so that the account number you enter while selling bitcoin can be credited to that account. After this, you have to add money to the wallet of the app from which you will buy Bitcoin.

If you want, you can also deposit money through UPI and Credit Card.

4. Buy Bitcoin

After all the process is completed you can buy bitcoin. Search Bitcoin in the app or website you have signed up for and buy by clicking on Buy.

Apart from Bitcoin, there are many other digital currencies that you can buy.

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