We see our money in many forms, meaning our currency. As seen in our India Rupee. and Dollar in the US, Pound in UK, Euro in Europe, Rial in Saudi Arabia etc. You must have seen all these currencies as pieces of paper and you can even touch it with your hand and you can also keep it in your wallet and wherever you go in the world you have to use that currency. Every country has a different currency.
Cryptocurrency is a cryptocurrency in the present time, a cryptocurrency is a virtual currency, that is, it does not have any physical existence. It is a currency made on a computer algorithm, it exists only on the Internet. It cannot be controlled by any authority, it is also not affected by demonetization. There are many cryptocurrencies in the world like -Bitcoin, RED coin, SIA coin, Ethereum, Ripple (XRP) and Monero. Due to the huge profit in it, it is a very popular currency in the world.
What is cryptocurrency and bitcoin
Bitcoin is a digital currency that works completely free of charge. That is, no bank or government has control over it. There is such a currency. Which is completely virtual. You can also think of it as the online version of cash. We cannot see or touch it. No bank or government has control over bitcoin because this currency is a decentralized currency. It works on Blockchain technology. These currencies are linked to all the computers in the world. hat is why no bank or government can control it.
How do I invest in crypto
Just as we buy and sell company shares on exchanges, we can also buy and sell crypto like bitcoin on crypto exchanges. That is, if you want to invest in bitcoin, then you can easily invest money in it by going to an exchange.
There are many applications for investing in cryptos like WazirX, Zebpay Zebpay, CoinSwitch Kuber and Unocoin. The registration will have to be done through personal details by visiting the site of the exchange. That is, like we use an account to buy shares. Similarly, like a demat account, you have to create your account here too. Then you can invest in crypto through that account.
Types of Cryptocurrency
Cryptocurrency Cryptocurrency has many currencies but only few of them are working properly. Let us know the main types
1. Bitcoin
cryptocurrency The best and most discussed currency in cryptocurrency is bitcoin. Everyone knows bitcoin today. This currency was created by Satoshi Nakamoto in 2009. Whose price is running in lakhs (crores) today. Bitcoin is an online digital currency. From which you can buy the same and service online only. It is a decentralized currency on which the government has no right. In today's time its price is above 24 lakh rupees. Its price increases and decreases daily.
2. Ethereum (ETH)
In the best currency in cryptocurrency, Ethereum comes in second place. The name of the founder of this currency is Vitalik Buterin. The cryptocurrency token of Ethereum is called "Ether". This platform helps any user to generate digital tokens. With the help of which it is used as currency. Recently ethereum has been divided into two parts. One Ethereum (ETH) and the other Ethereum Classic (ETC)
3. Litecoin (LTC)
4. Dogecoin (Doge)
5. Tether (USTD)
6. Binance Coin (BNC)
7. Solana (SOL)
How does cryptocurrency work?
Cryptocurrency works like a block chain. Only two people can see the transaction of this currency, not the third. The blockchain of cryptocurrency is based on digital code. No one can hack this currency, it has very strict security.
Example: When we transfer pesos from one bank to another, then apart from our bank, the third person also knows. But in cryptocurrency, apart from two people, the third person does not know our information.
The process of sceneup in crypto
Sign up by visiting the CryptoCurrency website. After that, after the email verification, the security page will appear in which the option to choose the app, mobile SMS or no security option will come, after that the security options have to be OK. After that the option to select the country and select KYC will come. To do KYC, you have to choose between personal and company which is on by default personal. For KYC, you have to provide your personal information such as name, date of birth, address, PAN card, PAN card photo with Aadhaar (driving license or passport) details, photo with front and back side of Aadhar card will have to be uploaded . After that your KYC will be completed. After that you can shop in crypto.
How do I buy bitcoins?
on Google to buy cryptocurrency but most people use Coin Switch and WazirX . The application of both these websites is available on mobile play store from where you can download. If you really want to buy bitcoin then read step by step all the information.
1- First of all you coin switch download and install to download Click here
2- After the app is installed, open the app. You first enter your mobile number here and click on terms and condition and click on next. Now you have to verify your mobile number by entering your OTP.
3- After otp you have to create a 4 digit pin. Which is worth remembering because every time you open this app, it asks for a PIN of number 4. Now your account has been created on a coin switch. To buy or trade bitcoin here, you have to do KYC with your national card, which is quite easy.
4- In the dashboard of the coin switch app, you have to click on the bottom right side profile and after clicking you have to click on User Verification. Here you have to do KYC with your PAN card or National card. Now let's talk about how to buy cryptocurrency on coin switch app? On coin switch app you will see 4 or 5 popular cryptocurrency. Click on the currency you want to buy, such as bitcoin, litecoin, ethereum, dogecoin, according to you.
5- After clicking, you will see the option of buy and sell at the bottom. From here you can buy any crypto currency. In this way you can buy Crypto currency on Coinswitch app.
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