Bitcoin vs physical currency

Posted by Arnold Vargas on November 29, 2017 in Business |

Bitcoins in your wallet, you can buy anything in this century, from pizzas to salon services to Microsoft accessories. With the growing cashless transaction trend digital assets and cryptocurrencies are given warm welcome. With bitcoin no extra charges or fees are required, because it doesn’t involve a middle man. With the very recent demonetization incident in India, bitcoin exchange in India was a major hit. This is a completely hassle free process that allows users to acquire assets anonymously. It is a pretty much three step process that requires you to fill a registration form and associate yourself with an exchange, once you are on board you can buy and sell as many bitcoins as your wallet permits. Bitcoin is popularly known as BTC these days.

The Best bitcoin rate is not a fixed amount. In fact bitcoin itself is not a fixed currency. It is a digital asset that has floating rates. One moment it might soar sky high and next moment it can come down. However, the inflation rate will not stir ever unlike the physical currency. There are several ways to use bitcoins; small companies use them because there are no credit card fees. Some people buy them and store them hoping that there will be surge and the value will go up someday.
How to buy bitcoin in India? There are several bitcoin exchanges in India that allow buying and selling of bitcoins easily. You can use any countries’ currency and buy bitcoins. You can buy bitcoins and store them in your wallet. While you get a bitcoin transaction done only your wallet ID is revealed, nothing else is ever divulged. This is an unregulated arena and several crimes can happen. Tell you what, it is already chosen by those who want illegal activities to be taken care of.

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