How to start bitcoin trading in India: Earn 10X Return

Bitcoin, a cryptocurrency that has been in existence for a few years now, is a form of decentralized digital currency. 

Compared to other traditional currencies, it is controlled by the users rather than a central authority and offers secure transactions at much lower costs. 

Read the article How to start bitcoin trading in India.

What is Bitcoin? 

Bitcoin is a form of digital currency created and held electronically. No one controls it. 

Bitcoins aren’t printed, like dollars or euros – they’re produced by people and increasingly businesses, running computers worldwide, using software that solves mathematical problems. 

How does Bitcoin work? 

The bitcoin value is determined by how much people are willing to exchange it (like with any commodity). 

Just like we use an exchange rate to determine how much our currency is worth in another currency – such as the Indian rupee’s value in dollars – we use the price of bitcoin on the exchanges to record its value in real-world currencies such as Indian Rupees. 

Also Read: Instant loan in 1 hr. 

How do I buy bitcoins? 

You can buy bitcoins from several places online. You can buy them from exchanges or directly from other people via marketplaces. 

You can sell your bitcoins online through a website such as Vauld; a Singapore-registered startup Darshan founded alongside Sanju Kurian in 2018.

Now that you know what bitcoin is and how it works, you might be wondering how to start bitcoin trading in India. 

Well, there are two ways of doing this; one is by buying the coin when its value is low and then selling it when its value increases (following the ‘buy low, sell high’ principle), and second would be using an automated trading software which uses trading bots to handle transactions for you during fluctuations in price. 

How to start bitcoin trading in India 

You can accept them as payment for products or services, purchase them from a friend or someone near you, or mine new ones yourself. 

To receive Bitcoins, you need to generate a Bitcoin address – this is like your bank account number but for Bitcoin.

When someone wants to send you some bitcoins, they check out the list of all Bitcoin addresses on the system. They then use their private key (basically like an ATM PIN), which verifies that it belongs to that person (although there are several ways of using cryptography to ‘unlock’ each address).

This ensures that the transaction is secure, and nobody can use your address to take your coins without knowing your private key. 

Buy Bitcoin Through Vauld App

You can buy bitcoins from several places online. You can buy them from exchanges or directly from other people via marketplaces. 

You can sell your bitcoins online through a website such as Vauld; a Singapore-registered startup Darshan founded alongside Sanju Kurian in 2018.

Now that you know what bitcoin is and how it works, you might be wondering how to start bitcoin trading in India. 

Well, there are two ways of doing this; one is by buying the coin when its value is low and then selling it when its value increases (following the ‘buy low, sell high’ principle), and second would be using an automated trading software which uses trading bots to handle transactions for you during fluctuations in price. 

Also Read: Navi Instant Loan 

How to start bitcoin trading in India

If you would like to buy Bitcoin online in India, there are a few options available for you to invest and transact using Bitcoin. The main difference between these exchanges lies in what payment methods they accept and the fees associated with each of them.

The transaction fees will also vary depending on the payment method you choose, so be sure to check for any hidden fees!

Nowadays, investing in Bitcoins has become easier than ever. With a few simple clicks, anyone can send and receive Bitcoins from their computer or smartphone, but there are a few steps that need to be taken before making your first purchase. 

One of the easiest ways to acquire Bitcoin would be through an exchange such as Vauld – this step-by-step tutorial will tell you everything you need to know about buying Bitcoin online in India using our app! 

To get started, download Vauld android app (you can also use it if you’re using iOS) and follow the prompts: 

Step 1: Find an Exchange 

The first step is to find an exchange that accepts Indian Rupees or your local currency. Here are a few of the most common exchanges in India: 

Step 2: Register Your Account 

Once you’ve decided on the platform, registration is very straightforward – enter an email address and password. You can also opt to create a username if you feel more comfortable with it! Once submitted, the registration page will load – make sure all details are correct before clicking ‘register.’

Step 3: Activate Your Account & Secure It 

After adding a bank account or wallet in Valud App, a new current version is generated there. Add money through a registered bank or UPI ID/Wallet. Now activate it by OTP received on your mobile number. 

 Once you’ve activated your account, make sure to enable two-factor authentication to keep your wallet safe from outside threats! 2FA provides an extra layer of security by sending a unique code to another device you own – this means that even if somebody were able to access your email address and password, they would still need access to the second device (for example, your phone) to gain access.

Step 4: Deposit Money & Buy Bitcoin 

The final step would be to deposit some money into your exchange wallet by transferring directly from your bank or through a UPI Payment. The difference between these platforms lies in what payment methods they accept and the fees associated with each of them.   

The transaction fees will also vary depending on the payment method you choose, so be sure to check for any hidden fees! Once this step has been completed, you can quickly transfer your newly bought Bitcoins out of the exchange and into an offline wallet (see below) or somewhere more secure (expressly noted as cold storage). 

You can use Vauld through a mobile app or website. You can store or send bitcoins from one wallet to another. By using Vauld wallet, you will get the following benefits:

Benefits of Vauld Cryptocurrency Exchange App

  • You can easily store, send or receive bitcoins anywhere in the world. You do not need usernames, passwords, or any registration to use bitcoin.
  • Earn massive interest in storing coins.
  • Get an instant loan by exchanging Cryptocurrency. But you will get a minimum $ 1000 loan. That means you have to hold these amount coins in your Vauld wallet. 
  • No processing fee is required for creating an account with Vault Android App.
  • No Deposit charge is required. 

You can also buy Bitcoin by linking your bank account or debit/credit card using the website version of the wallet. 

Please note that all these services are available completely FREE OF CHARGE! The only fees you will be charged are through the exchange rate itself (which is calculated automatically) or through any payment provider you choose to transfer money from – make sure to check out the specific fees beforehand!

With this guide on how to start bitcoin trading in India, we hope you feel comfortable making your first purchase! Happy trading!

FAQs of Start Bitcoin Trading in India

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