Everything about bitcoin

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What is a Bitcoin? 
It’s not a coin, but a code or a virtual token that can be freely transferred from one user to another through a secured network. Bitcoin is the most popular cryptocurrency. 

Where do you buy in India? 
There are about 11 trading platforms in India to buy Bitcoins. Those include Unocoin, Zebpay, Coinsecure, Coinmama, LocalBitcoins, Bitcoin ATMs. 

Is it too expensive to buy? 
Globally, the cryptocurrency surged past $11,000 to hit a record high on Wednesday. In rupee terms, it recently touched Rs 8.6 lakh per unit. 

Where can Bitcoins be used in India? 
As of now, there aren’t many avenues to use Bitcoins in India. But ecommerce players such as Flipkart, Amazon and MakeMyTrip run voucher programmes for people using Bitcoin exchanges, but they do not accept payment in Bitcoins. Many a time, exchanges convert Bitcoin into normal currency. 

How many Bitcoins are traded in India currently? 
Bitcoin trading volumes could be in the range of Rs 200–250 crore every monthWhat other cryptocurrencies are in play apart from Bitcoins? 
Ethereum, Litecoin, Dash and Ripple are quite popular among cryptocurrency users. The prices of many of these digital currencies have gone up in tandem with Bitcoins. 

How many people are using cryptocurrencies globally? 
More than three million people are estimated to be actively using cryptocurrencies, like Bitcoin. (Source: Cambridge Centre for Alternative Finance). 


Read more at:
//economictimes.indiatimes.com/articleshow/61873468.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst 


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