Bitcoin's journey has been nothing short of a rollercoaster. From nearly hitting $70,000 two years ago to dipping below $15,000 post-FTX collapse, its volatility keeps investors on their toes. As of mid-2024, Bitcoin trades around $45,000, reigniting market optimism fueled by ETF prospects and shifting interest rates.
👉 Discover the easiest way to buy Bitcoin today
What Is Bitcoin?
Launched anonymously in 2009 by Satoshi Nakamoto, Bitcoin pioneered decentralized digital currency. It operates without intermediaries like banks, using blockchain technology to verify transactions via "mining." Unlike traditional markets, Bitcoin trading is available 24/7, offering flexibility and high liquidity. Its success has spawned other major cryptos like Ethereum and Solana.
How to Buy Bitcoin in India: 5 Simple Steps
Follow this guide to purchase BTC securely using WazirX, a trusted Indian crypto exchange:
Sign Up on WazirX
- Register with your email and complete the verification process.
- Enable two-factor authentication (2FA) for added security.
Complete KYC
- Submit ID proofs to comply with regulations and enable withdrawals.
Fund Your Wallet
- Deposit INR via NEFT/RTGS/IMPS or buy USDT via P2P trading.
Place Your Order
- Navigate to the BTC/INR trading pair, enter your amount, and click "Buy."
Secure Your BTC
- Store purchased Bitcoin in your WazirX wallet or transfer to a private wallet.
👉 Start your Bitcoin investment journey now
10 Reasons to Invest in Bitcoin
- High Return Potential: Historic price surges attract growth-focused investors.
- Digital Gold: Limited supply (21 million BTC) acts as an inflation hedge.
- Decentralization: No government control ensures financial autonomy.
- Global Adoption: Increasing acceptance by merchants and institutions.
- Liquidity: High trading volume enables easy buy/sell transactions.
- Security: Blockchain technology offers robust protection against fraud.
- Institutional Backing: Growing support from corporations like Tesla and MicroStrategy.
- 24/7 Market: Trade anytime, unlike traditional stock exchanges.
- Low Entry Barrier: Start with just ₹100 (fractional investing).
- Technological Innovation: Continuous upgrades like the Lightning Network improve scalability.
FAQs
Can I buy Bitcoin for ₹100?
Yes! Platforms like WazirX allow fractional investments starting at ₹100.
Is Bitcoin legal in India?
The Supreme Court lifted RBI’s crypto restrictions in 2020, making Bitcoin trading legal but unregulated.
How do I convert Bitcoin to cash?
Sell BTC on exchanges like WazirX or via P2P marketplaces for INR deposits.
What’s Bitcoin’s current price?
Check real-time rates on WazirX. Prices fluctuate based on market demand.
How does Bitcoin mining work?
Miners use powerful computers to validate transactions and earn BTC rewards.
Key Considerations Before Buying Bitcoin
- Volatility: Prices can swing dramatically—invest only what you can afford to lose.
- Security: Use hardware wallets for long-term storage and enable 2FA.
- Research: Stay updated on market trends and regulatory changes.
Disclaimer: Cryptocurrencies are unregulated and highly volatile. Conduct thorough research before investing.
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