Buy Bitcoin in India After years of intense battle in the halls of the Supreme Court, the Indian Crypto community rejoices after the Supreme Court verdict came out to be in the favor of cryptocurrency and allowing the exchange of cryptocurrencies like Bitcoin to INR. After the panel lifted the ban which was previously imposed by the Reserved Bank of India (RBI) that forbade regulated financial institutions from providing services to businesses that dealt in cryptocurrencies. Even though the upliftment of the ban might help in the propagation of the concept of cryptocurrencies in the sub-continent, it is the bitter truth that majority of the population are either unaware or are have a vague idea about the concept of cryptocurrencies. What is Bitcoin ? Bitcoin was created in the year 2009, during the wake of the global recession due to the housing market crash. The innovation was revolutionary in itself as it offered the promise of lower transaction fees than its traditional counterpart and has a decentralized authority, unlike government-issued fiat currencies. The Bitcoin transactions are recorded on a public ledger which ensures transparency as it can be accessed by anyone. The stock history of the cryptocurrencies has faced its highs and lows, especially during the year of 2017, when the price of Bitcoin hit an all-time high of $20,000. History of Bitcoin ? Bitcoin was invented by a group of unknown persons named 'Satoshi Nakamoto' and the domain name bitcoin.org was registered on 18th August 2008 and released as open-source software in 2009. There are so many cryptocurrencies pairs in India but Bitcoins in INR is one of the most popular cryptocurrency pair in India. Nowadays Cryptocurrencies are the most simple, fastest, transparent and less expensive way to exchange as compared to the physical currencies. The valuation of Bitcoins in INR as compare to other assets like real estate, stocks, gold, silver, coins and physical currency, American companies Visa and MasterCard is 15 times more. If you desire to buy bitcoins India and at the best price of bitcoins to Inr with full confidence then you are at right place. Buyucoin is one of the most secure and safest cryptocurrency exchange in India. It is the best platform to trade/ sell and buy bitcoins in INR. With easy manner, to make deposit of fund into Buycoin Wallet to buy bitcoins in India, you can choose any of your desired options like NEFT/RTGS/IMPS. At Buyucoin, using our expertise, we offer you the safe, direct and fast processing of funds with zero trading fees to buy bitcoins in Inr easily without any kind of hassle. We allow you to buy/sell bitcoins India easily with-in minutes. At our platform you can easily know about the current price of bitcoins to inr. To get the latest and accurate, price of bitcoins in inr to buy bitcoin India you can blindly count on us. What is Bitcoin Mining? Bitcoin mining is the process of utilizing high-powered computers to solve complex computational problems. Upon solving these computational problems, computers produce a Bitcoin, although the probability of a computer solving a problem is almost 1 in 13 trillion. Other than that, there are two outcomes of Bitcoin mining. The first is the production of new Bitcoin when the computer solves these complex problems on the Bitcoin Network. The second outcome is the by-product of the computation process of the computers, which make the Bitcoin networks trustworthy and secure as they verify its transaction information.
