What is Bitcoin?
First of all, Bitcoin is the most popular among all cryptocurrencies. It was created back
in 2009 by the mysterious Satoshi Nakamoto. This decentralized digital currency can be
exchanged, sold, or bought without the bank’s interference. Bitcoin is a means of
exchange, also called currency, representing a place for value storage and another way
of investment.
Regardless of where one buys Bitcoin in the world or India, verification is done through
“mining.” It requires a lot of computational power. Unlike the traditional stock markets,
one can invest in Bitcoins in India anytime. Fast earning worldwide acclaim, Bitcoin is
one of the first and most popular digital cryptocurrencies. It, however, has also seen
dramatic price changes, thus telling a theatrical ups-and-downs story. Despite Bitcoin’s
success, high-value crypto coins such as Ethereum, Cardano, Solana, and Dogecoin,
amongst many others, have emerged to dominate the markets by their market
capitalization.
How To Buy Bitcoin in India in 5 Easy Steps?
Below are a few easy steps to buy a Bitcoin (BTC) in India with Bitcoiva, India’s
best crypto exchange platform.
The best way to buy a BTC token is to deposit the INR in your Bitcoiva wallet.
Alternatively, you can also buy BTC using P2P trade. For more queries about P2P
trade, click here!
How To Buy Bitcoin in India in 5 Easy Steps?
Bitcoiva is the best cryptocurrency exchange in India to buy BTC INR and BTC USDT.
Here is the step by step guide to buy buy BTC INR and BTC USDT in India.
Step1: Sign up on the Bitcoiva Account
To buy BTC INR, you must create an account on Bitcoiva India’s Crypto exchange platform. You can log in with your credentials if you already have an account. Click the link below to create an account.
Step 2: Set up your Security key
First, activate your Bitcoiva account and generate a six-digit security key in Bitcoiva. Bitcoiva allows 2FA authentication and sends OTP for the registered mobile ID and phone number.
Step3: Complete the KYC process
You have to upload your bank details to complete the KYC process.
Step 4: Deposit Funds
To buy BTC INR, Deposit fiat currencies. Bitcoiva is the only crypto exchange in India that allows you to purchase cryptocurrencies using INR.
Step 5: Buy dYdX INR on Bitcoiva
Now, you can buy BTC INR on Bitcoiva in the spot trade using the option Limit and Market.
Top Reasons Why You Should Invest in Bitcoin
Though Bitcoin does not require any introduction, the reasons mentioned herein are the
top ones to buy BTC in India:
High-return potential: Investors seeking high returns have been attracted to it because
it has earlier shown the potential for high price appreciation.
Store of Value: Because of the general public’s perception of its ability to store value
over time and its limited supply, Bitcoin is often called “digital gold.” Some people treat
it like an inflation hedge and insurance against economic uncertainty.
Decentralized: Bitcoin runs on a decentralized system, meaning that any government
or central authority does not control it. That feature benefits people who value financial
independence and resistance to censorship.
Increasing Adoption: More and more people, businesses, and organizations use and
accept Bitcoin. This growing adoption at the retail level is one positive signal for its long-
term prospects.
Scarcity of Supply: The elementary concept of demand and supply suggests that
restricting the number of bitcoins produced by 21 million creates scarcity and potentially
raises its value over time.
Global Accessibility: Anyone with an internet connection can acquire and use Bitcoin.
Due to its accessibility, it will appeal to investors seeking investments and transactions
that do not require borders.
Liquidity: Bitcoin’s large, bustling market and high trading volume make it more
liquid. Its liquidity simplifies buying, selling, and trading compared to other
cryptocurrencies.
Security: Bitcoin’s underlying technology, blockchain, is protected by cryptographic
features and decentralized nature. Many investors are attracted to its security features
even though it is not entirely risk-free.
Institutional Support: Investors, including well-known businesses and financial
institutions, are paying increasing attention to and supporting Bitcoin. This recognition
by established players confirms its potential value.
Early Stage Investment: A few investors believe Bitcoin’s growth potential is still early.
Early investment may provide a chance to profit from upcoming developments and
increased adoption.
You can buy Bitcoin with a minimum investment of INR 100 after learning why Bitcoin is
the most popular investment and trade-in option. Read more about it in the section
below.
Can I Buy Bitcoin for 100 Rupees?
Yes, it’s true! You can buy Bitcoin for as low as INR 100. Similar to investing in
stocks, buying Bitcoin in India is not restricted.
The difference is that investors who want to purchase only part of the cryptocurrency
can buy a unit of Bitcoin.
People can buy Bitcoins by putting money into their wallets after registration. Investors
in India can invest as low as Rs.100 in buying Bitcoin. However, this limit may vary for
various crypto exchanges. The safe storage of the purchased Bitcoins after the
transaction is equally crucial to trading Bitcoin.
Why is Bitcoin the No.1 Choice in India in 2024?
Bitcoin created a brand-new asset class, attracting investors from everywhere. But why
buy and sell cryptocurrency in India? Cryptocurrencies, especially Bitcoin, give great
returns and have proved to be one of the best-performing assets in the world. With their
prices changing frequently, Bitcoin is an excellent investment for traders who want to
generate quick and high returns and for investors who are ready to take risks. The
rapidly growing crypto trading market in India shows that the Indian market feels the
same way.
Surprisingly, Bitcoin reached its all-time high above $68,000 in November 2021,
indicating a new high in the coming years. Well, why not invest? The price for one
Bitcoin now is approximately 51730 dollars as of the middle of February 2024.
As a result, investors now have the upper hand. More Bitcoins can be owned with less
money, translating into extraordinary returns in the subsequent bull market! Bitcoin is a
deflationary digital asset, with its supply capped at 21 million units. Of these, almost 19
million are currently being sold. With this supply and the price halving, Bitcoin gives
investors a hedge against inflation and more reasons to use Indian cryptocurrency
exchanges.
Key Points to Remember Before Buying Bitcoin in India
Investment markets in cryptocurrency, like stock markets, fluctuate within seconds.
Hence, it is essential to DYOR (Do Your Own Research) before any new investment.
The user must maintain a perfect tab for price changes before the investment.
Moreover, traders need to stay updated about the external circumstances that may
affect the price of that particular asset.
How to Choose a Good Bitcoin Exchange in India?
It would help if you were very research-oriented while using a crypto exchange to invest
or trade cryptocurrency in India. Before selecting an exchange to invest in Bitcoin in
India, you should explore the credibility of the platform and the team behind the
exchange.
The following points should be offered to you before investing in Bitcoin through the
platform:
The website and the exchange app are user-friendly with a simple interface. It offers trading pairs for Bitcoin. The exchange does not compromise on upgrading security from time to time.
The latest security techniques are used. Try to avoid such exchanges that do not have a KYC protocol. It charges reasonable trading fees for buying Bitcoin in India.
Visit: www.bitcoiva.com