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What is Bitcoin and How To Buy it

What is Bitcoin and How To Buy it, Here you will learn about What is bitcoin and how to buy bitcoin, benefits, facts, developer, release date, Satoshi Nakamoto, bitcoin symbol 

(What is bitcoin, how to buy bitcoin, bitcoin facts, release date, satoshi Nakamoto, symbol)

Bitcoin is a cryptocurrency and it is a decentralized digital currency. It is a pair-to-pair electronic cash system. The bitcoin cryptocurrency was conceived by a person named Satoshi Nakamoto. 

It is based on blockchain technology, through which goods or services can be purchased. 

Also, bitcoin can be traded and bitcoin is the first cryptocurrency

 

Bitcoin information

Benefits of bitcoin

There is no problem of blocking in bitcoin account i.e. bitcoin account is also not blocked Bitcoin can be exchanged i.e. it can be sold or bought. Bitcoin transaction fees are very low

Bitcoin Facts

The first bitcoin was used by Laszlo Honecz. This coin was used for buying pizza and hence May 2nd is also celebrated as “Bitcoin Pizza Day”. 10,000 bitcoins were paid by Laszlo Honecz for a slice of pizza and The value of 10,000 bitcoins at the time of purchasing the pizza was approximately $41 and in Indian rupees was approximately ₹ 2664.

The name or identity of the person sending the bitcoin and the person receiving the bitcoin cannot be traced at the time of the transaction. Only Bitcoin Key Address can be traced anywhere

No more than 21 million bitcoins can be created because the total number of bitcoins has already been fixed.

The White Paper for Bitcoin was released by Satoshi Nakamoto on October 31, 2008, and it is not possible to ban bitcoin. The price of bitcoin is volatile and it can rise and fall at any time.

You buy bitcoin, Coin Switch Kuber App can use to you have to install it and follow the steps given below.

Coin Switch Kuber App Open and now enter your mobile number
You will receive an OTP on your mobile number, you need to enter it and press the Next button.

You need to set a PIN for creating your account, after that you will need to set it, then you will confirm it by entering it again.

Now your count will become
Now we will discuss KYC in Coin Switch Kuber App in detail

Click on option

Now click on User Verification
Now you have to follow three steps and after that, your KYC will be completed.
You need to click on (Basic Verification and enter your basic details) here
Click on the option of PAN Card Verification and enter your details
Next is to click on Your (Identity Card Verification and enter your details).

How to buy bitcoin in Coin Switch Kuber App

  • You have to come to the home screen of the app and here you have to click on the option of deposit.
  • Now you have to choose the option for the deposit according to you and also enter the amount for the deposit according to you.
  • When the money will be deposited in your account then you have to click on the market option
  • Here you have to select bitcoin and click on buy
  • Enter the amount of bitcoin you want to buy according to you
    Now click on Buy

 Bitcoins will be credited to your account

Bitcoin mining is a method by which new bitcoins can be created, computing power is used in it, and transactions are processed with the help of bitcoin. Computing power is used to complete the transaction process, then in such a case, the power of your computer is used to complete the transaction and the person who does the mining work is called a miner. 

How Bitcoin Mining is done

A computer system is required to do bitcoin mining and the speed of mining depends on the specification of your computer system, that is, it depends on the hardware of your computer, the software is used in the computer for bitcoin mining.

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