This is how you can buy Bitcoin, investment can start from only 100 rupees

This is how you can buy Bitcoin, investment can start from only 100 rupees

The way the price of Bitcoin is going up, it has attracted retail investors a lot. Big investors of the world are discussing it and large-scale investment is also being done in it. Now questions are being raised about the credibility of investing in cryptocurrency. Till a few years ago, if someone wanted to invest in it, this work was very difficult, because it required technical experts, but now things have changed completely.

If you are also thinking about earning by investing in Bitcoin, then this task has become very easy. Many startups are working for this. Investing in cryptocurrency has become like investing in the stock market. In this article, we will tell you how to invest in any cryptocurrency and what are the platforms for it. Before investing, we know that Bitcoin is the end. It is the world's first digital currency or cryptocurrency. In any country of the world, full regulation of this is not allowed yet. It is a de-centralized currency, meaning no individual or organizations controls it.

Everyone wants to invest in Bitcoin because it has given excellent returns in the last few years. The price of one bitcoin was 38 in 2010, it increased to Rs 2393 in 2011. Rs 1153 in 2012, Rs 85836 in 2013, Rs 74475 in 2014, Rs 34899 in 2015, Rs 73124 in 2016. After that it reached 14.62 lakh in 2017, 13.14 lakh in 2018, 9.76 lakh in 2019, 11.73 lakh in 2020. At this time its price is at all time high and it is trading beyond 35 lakhs. This is the reason why everyone wants to make big profits by investing in it.

There are many crypto exchanges in the country at this time. Its biggest feature is that it is open 24 hours and seven days a week. There is no regulation on this and these exchanges are self-regulated. With the help of these exchanges, apart from Bitcoin, other cryptocurrencies like ethereum can also be bought and sold. At least 100 rupees can be invested in it. Instead, they deduct exchange transaction charges.

If you want to avoid exchange charge or use corporate platform then you can choose person to person mode of purchase. Here buyers and sellers meet again and then the transaction is completed.

The price had reached close to $ 49000.

The easiest way to invest in bitcoin is through crypto exchange. If you also want to invest, then take help of the exchange. One has to first reach the website of the exchange and login and complete the KYC process. Here you are asked for PAN card and Aadhar card information. After the process is complete, you have to add money from the account to the wallet. At least 100 rupees will have to be invested.

As such, the selection of crypto exchange is a complex process. The things here are understood by technical experts only. However there are some exchanges like Coins Switch Kuber, where retail investors can invest easily. Even after all this, retail investors are asked to invest in it carefully. If you also want to invest in cryptocurrency, then study it in depth. Only after understanding the specifics, decide to invest in it.