What is Cryptocurrency and Bitcoin

 

                 What is Cryptocurrency and Bitcoin

                    

What is Cryptocurrency and Bitcoin

 

Cryptocurrency- The Cryptocurrency word is made from two word one is crypto which mean is hidden and second is currency which mean money. The cryptocurrency is hidden currency.

The cryptocurrency is not exchange as hard currency like note and coin. It is digital format of currency which in save in digital account of customer. So crypto currency is also known as cryptocurrency There are so many is crypto currency like Bitcoin, Ethereum, Litecoin, Tether, Stellar and Libra etc. The Bitcoin is the most famous cryptocurrency.
 

There are so many big companies like Amazon and Facebook give allow for trading the cryptocurrency.

There are so many countries allow for trading transaction the cryptocurrency like USA.

What is Bitcoin-

(1)The bitcoin was innovated by Satoshi Nakamoto Japan.

(2)Bitcoin use for online payment and trading

(3)The Satoshi is the smallest bitcoin which is equal to 100 million of one bitcoin.

 

 I bitcoin = 10 crore satoshi

 1 bitcoin (BTC) equivalent to 1,000 mill bitcoins    (mBTC)

  

Cryptocurrency mining- To making new cryptocurrency.

How can buy Cryptocurrency or Bitcoin-

What is Cryptocurrency and Bitcoin

(1)The cryptocurrency can buy any person-

 

(2)There are so many website and apps from where you can buy cryptocurrency.

 

(3)First go on website or app than you have to registration on line. Give your basic information like name and mobile no.

 

(4)Submit Identity proof like PAN card, voter card etc.

 

(5)Phone e.mail submit.

 

(6)Bank detail submit.

  and after you can buy online cryptocurrency

Main points-

 

(1)The cryptocurrency is virtual currency.

(2)This currency can convert into one currency to another currency.

(3)It can hold in digital account.

(4)There is no any control any bank in all over world.

(5)The value of cryptocurrency changes according to market.

(6)It is decentralizing so there are no any government control on cryptocurrency.

 

Cryptocurrency mining- The process of making new cryptocurrency is called cryptocurrency.

 

Advantages-

What is Cryptocurrency and Bitcoin

(1)There is no need to carry hard currency.

(2)It can easily buy and sell.

(3)It is fastest way of transaction.

(4)The transaction fee is very low or not.

(5)It can easy transaction.

(6)It allows international transaction.

 

Disadvantage-

 What is Cryptocurrency and Bitcoin

(1)The price of cryptocurrency is change according to market. So if market is going to up it give profit to customer and if market is going down it can loss to customer.

 

(2)It is expensive.

 

(3)No any government control on cryptocurrency.

 

(4)No any control of bank on cryptocurrency.

 

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