What is Bitcoin?
Bitcoin is a digital asset and a payment system. It is also known as btc commonly called a decentralized digital currency.It is a type of crypto currency.
It was invented by Satoshi Nakamoto in 2009.
It is an open source software. This means, that no person, company or country owns this network just like no one owns the Internet.
The system is peer-to-peer, that is, users can transact directly without an intermediary like a bank, a credit card company or a clearing house.
Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain.
Where we can buy Bitcoins in India?
We can buy bitcoins from many exchanges available in India.
They are
Coinsecure
Zebpay
Unocoin
Localbitcoins
Personally I suggest you to use Unocoin as the buying price is low and transaction fees are very less compared.
Sign up at Thier website, give profile for verification, after verification deposit the money the money into the account. After verified deposit, you will be able to buy bitcoins from Thier app or website.
It's easy and secured.
Having very good support.
Regarding legality of bitcoin in India.
Govt is reacting positively for regulation of bitcoins. The official decision will be known by next month.
Courtesy:Google,Quora,Zebpay
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