Investment in Bitcoin in India may be done via selected Bitcoin exchanges. These are registered entities which have received seed investment from reputed sources. One must also know the legitimate ways to put money into Bitcoin mining in India because even though mining activities could be profitable, they are risky and difficult to invest in.
There are some of the methods mentioned to invest in bitcoin
Cryptocurrency Exchange
Making an investment through a cryptocurrency exchange is one of the safest and easiest methods to put money into Bitcoin. One just needs to create an account and register. After completing the required KYC-verification, Bitcoin can be bought.
Investing through a cryptocurrency exchange helps you to get an exceptional marketplace rate, provides a relaxed and handy manner of creating transactions and helps to take full advantage of the cryptocurrency market.
Coinbase
This is a well known option for U.S. Bitcoin purchasers, to a certain extent, as they can interface with a bank account. Coinbase offers access to Etherium, Litecoin and other digital currencies. On every exchange, Coinbase charges a spread (a change in the buy or sale price of a venture) of about 0.5%, in addition to an expense.
Binance.US Binance.US charges a 0.1% expense at all its exchanges (a few limits are accessible), in addition to a withdrawal charge.
Gemini
This is a US-based exchange that deals in Bitcoin, Ether, Bitcoin Cash and Zcash. Exchange charges range from $0.99 to 1.49% of order value, contingent upon the size of the buy or deal, in addition to an expense of about 0.5%.
Bitcoin ATM
Bitcoin ATMs function just like other traditional ATMs.However, here we could purchase and sell Bitcoin for cash by using these machines.
We can spend money on Bitcoins by using debit cards or cash and send it to our Bitcoin wallets. A few Bitcoin ATMs also dispense paper wallets that we could scan later and use accordingly.
However, there are just a few Bitcoin ATMs around the world, which makes them tougher to access.
Ethereum
Unlike Bitcoin, Ethereum is not available in as much volume as digital money. It is available on decentralised applications (phone applications) though. We can think of Ethereum as an application store. The token utilised here is called Ether, which is used as money by the app developers and users.
NEO
NEO was developed in China where it is called Antshares. It is aggressively looking to turn into a significant worldwide crypto player. Its focus is largely on users to make and execute agreements without the utilisation of an intermediary.
IOTA
IOTA represents the Internet of Things Application. Unlike most other Blockchain techniques, it doesn’t really work with a square and chain; it works with brilliant devices on the Internet of Things (IoT).
