What is Blockchain
Blockchain is a distributed ledger that is completely public and open to anyone. It is a continuously growing list of records, called Blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data.
What is Bitcoin
Bitcoin is a cryptocurrency (or a decentralized digital currency) that uses rules of cryptography for regulation and generation of currency blocks. The reason is called decentralized digital (or virtual) currency is that it does not require any mediator (such as Banks or Govt. institutions) for authorizing the transaction. It can be transferred from person to person without going through a Bank or clearing house.
How To Buy Bitcoin (or other Cryptocurrencies)
Tips for Buying Bitcoins:
- Never invest more than you can afford to lose – Keep in mind that Bitcoin is a very risky investment.
- If you’re willing to hold Bitcoins for long time, after buying Bitcoins make sure to move them into your own personal wallet and never leave them at the exchange.
- Do not buy all of your Bitcoins in one trade. Instead, buy a fixed amount every month, week or even day throughout the year. This way you average the price over the course of a whole year.
- Make sure to buy Bitcoins only from Exchanges that have proven their reputation over a period of time. Some popular Exchanges are mentioned below:
Koinex is India’s most advanced digital assets exchange. It’s the first complete exchange supporting multiple cryptocurrencies/tokens on a single platform. It allows you to trade in Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash.
Official Website: koinex.in
Zebpay is the fastest and easiest way to Buy and Sell Bitcoin and Bitcoin Cash. It is only available on mobile platform. So, you have to download their Mobile App for your phone.
Official Website: zebpay.com