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Bitcoin is a digital currency and a payment system that was introduced as an open source software by Satoshi Nakamoto who developed it. It utilizes peer to peer technology since money can be transferred from one individual to another directly without the involvement of a central bank. All payments are usually recorded on a public ledger. Individuals using software such as wallet software can get to send and receive bitcoins electronically through a PC, smartphone or web app.  What is a Bitcoin Private Key?  Bitcoin private key is a secret number generated to allow individuals to spend their bitcoins. When users are issued with a bitcoin address, they are also issued with a bitcoin private key. It is usually a 256 bit number and since it is the golden ticket that allows an individual to spend his or her bitcoins, it needs to be kept safe and securely. A private key can be used to accept, sell and donate bitcoin. Many charities are now accepting bitcoins.  How to Ke...

Bitbns. Unocoin. Bitpolo. Blocklink. Wazirx. Localbitcoins. Coindcx Changelly &  Cex.io  (Buy bitcoins using a debit/credit card) KoinOk (Offering 100 XDCE token for free.

The downward trend in cryptocurrency trading in India is mostly due to increased government regulations. However, this does not stop people from trading. Two ways in which many Indians trade are: 1) Exchanges and 2) P2P methods. Both these steps follow the KYC norms and usually require documents like Pan card, Aadhaar card or passports.  Top Bitcoin Exchanges in India Since banking institutions have banned cryptocurrency trading in India, popular exchanges like ZebPay have had to shut down. Nevertheless, the following top exchanges are still currently used in India: Unocoin Unocoin was founded in 2013 and is the leading bitcoin exchange in India. It is backed by investment from the USA and is a regulated company offering low 1% fees which fall to 0.7% with increased trading volumes. It is a relatively easy exchange platform, allowing users to buy cryptocurrency with any Indian bank account. However, with the banning proposal at hand, things might get challenging for Uno...

A type of digital or virtual money, cryptocurrency has no physical counterparts like banknotes or coins and exists only in electronic form. Even if you have decided to invest in virtual money, buying cryptocurrency can be a confusing process. Here are a few guidelines to help you out. Buying cryptocurrency There are five factors one has to keep in mind while thinking before buying cryptocurrency. • Location: One has to check country regulations before buying cryptocurrency • Payment method: These include credit card, bank transfer and cash. • Type of cryptocurrency: Buyers need to figure out which website sell cryptocurrency • Cost of fees: The cost of purchase of cryptocurrency varies from website to website. Where to store A cryptocurrency wallet is where one stores their virtual money after buying them. One can link the wallet with the bank account. There are three types of wallet: • Online wallets • Software wallets • Hardware wallets How to buy cryptocurr...

Looking for a multi-currency wallet to use on an iPhone or iPad? You might consider the following: Jaxx . Best known for supporting an enormous range of different cryptocurrencies within a user-friendly design. Bread . A bitcoin-only wallet that aims to make holding and using bitcoin as easy as it possibly can. Mycelium . A feature-filled bitcoin-only wallet that’s designed to work with your hardware wallet. Blockchain wallet . An exceptionally popular wallet designed for a competitive blend of user friendliness, flexibility and security for bitcoin and Ethereum tokens.

Coinomi . Simple design plus an extraordinarily wide range of supported currencies makes Coinomi one of the most popular Android wallets around. Blocklink . An extremely beginner-friendly bitcoin-only wallet that anyone can use with ease. Mycelium . Specially designed to integrate with your hard wallet, Mycelium’s security and features make this bitcoin-only wallet a popular choice. Blockchain wallet . An exceptionally popular wallet designed for a competitive blend of user friendliness, flexibility and security for bitcoin and Ethereum tokens.

Looking for a wallet you can use on your PC? You might consider the following: Exodus . One of few multi-currency desktop wallets. Exodus is customisable, artfully designed and lets you run the ShapeShift exchange, so you can exchange coins in the wallet itself. Jaxx . A multi-platform multi-currency wallet. Jaxx aims to be the one-stop wallet for anything crypto, on phone or PC. Armory . A popular bitcoin-only desktop wallet. Armory is best known for its high security and offline functionality. Blockchain wallet . An exceptionally popular wallet designed for a competitive blend of user friendliness, flexibility and security for bitcoin and Ethereum tokens.

Your wallet might not contain your actual coins, but it’s the gateway to those funds. Coins are sent to a public + private key combination, and if that combination is lost (by, say, accidentally uninstalling your desktop wallet), you will never be able to match those transactions to yourself, and all your digital currency will be lost. So how do you make sure you keep your coins? By  keeping your wallets secure . Employ standard best practices Wallets are built to be secure. They are almost completely unhackable and the weakest link is most often the user. So make sure to follow standard security best practices when using a computer on which you have a desktop wallet installed or when accessing an online/smartphone wallet: Always use strong usernames and passwords Install antivirus and anti-malware software ( and keep them up-to-date ) Set up a secure firewall Never install software developed by companies you don’t trust Only use verified and trusted wallets Update y...

The three different types of exchanges While each has its own method of doing things, exchanges generally fall into one of three different categories: Brokers Trading platforms Direct P2P Brokers A broker is the most similar to a regular brick-and-mortar store. It’s just like buying cryptocurrency from a cryptocurrency shop. Brokers purchase coins “wholesale” from exchanges, put a price tag on it and then sell it on to their own customers. Brokers can be a quick and simple option, but they also tend to be one of the more expensive ones. Exchange fees There are three main types of fees that might be incurred on an exchange. Deposit fees.  Fees for depositing funds into your account. These are usually not charged by the exchange itself, but rather your bank, credit card, money transfer or wallet provider as the cost of a transfer. If you’ll be converting currencies too, such as from AUD to USD, this will also usually cost more. Trading fees.  ...

Exchanges come in various shapes and sizes, from those that offer multiple levels of security to exchanges that don’t even ask you to create an account. So when you’re about to choose an exchange, it’s best to look at its features and go from there. The fees Fees vary widely from exchange to exchange and can pile up if you’re not careful. To find out how much you’ll actually be paying, consider running the numbers on a hypothetical trade before the real thing, with the same payment method, volume, coins and withdrawal. If an exchange does not publicly post its fees, steer away. Payment methods Exchanges accept all sorts of payment methods, from credit and debit cards to bank transfers, but not all exchanges accept all the various payment options. Also note that some exchanges might accept one payment method for withdrawal, but not for deposits. Make sure your exchange has deposit and withdrawal options that work for you, and make sure to check the fees associated wi...

he request was initially filed by Harish BV, a co-founder of local cryptocurrency exchange Unocoin last week. In March, the Supreme Court of India had struck down restrictions imposed by the RBI in a circular in April 2018 which directed all entities regulated by it not to deal in virtual currencies or provide services to facilitate any person or entity from dealing or settling in the same. The apex court termed it illegal. Harish filed the RTI query following concerns by traders who said banks continued to impose restrictions on crypto trade despite the top court ruling. “Bankers have been saying that they need new RBI circulars mentioning that there are no more restrictions for them to provide bank accounts for crypto businesses. Now, we have received a positive response from the Reserve Bank of India ,” Harish said. After RBI imposed the banking ban on cryptocurrencies, most Indian blockchain and cryptocurrency startups registered themselves in countries with crypto-fr...

Buying Bitcoin You can buy Bitcoin with fiat currencies, such as USD, and INR  also with other cryptocurrencies. From a cryptocurrency exchange Visit a  cryptocurrency exchange . Create an account and verify your identity as required. Follow the website’s instructions to buy your Bitcoin Cash (BCH) or Bitcoin (BTC). Your coins will appear in the exchange's wallet connected to your exchange account. Finally, keep it more secure to your personal wallet.  Selling Bitcoin The Bitcoin in your wallet can be sold for other cryptocurrencies, such as VIC & VMT, or for traditional fiat currencies, such as USD & INR. On a cryptocurrency exchange Visit a  cryptocurrency exchange . Create an account and verify your identity as required. Follow the website’s instructions to sell your Bitcoin Cash (BCH) or Bitcoin (BTC). If you sold it for fiat money, you can cash out the funds into your bank account. If you sold it for another cryptocurre...

The easiest way to acquire some Bitcoin is to just buy them, but Bitcoins can be obtained in numerous ways, here are some examples. Buy on an Exchange You can buy Bitcoins directly from other people or you can also use a cryptocurrency exchange such as  CEX.IO ,  Binance ,  Blocklink , and  Changelly . For a beginner, it’s probably easiest to start using some of these  exchanges . Buy bitcoin in person Marketplaces such as  HodlHodl ,  Paxful , and  LocalBitcoins  hook up local buyers and sellers and lets you use cash to buy bitcoin from someone else either directly, or via bank deposit. Bitcoin ATM ATMs work like a regular one, they allow a person to exchange bitcoins and cash. Find the closest ATM easily, using  Coin ATM Radar , a Bitcoin ATM map. Earn Free Bitcoins or Sell a product or service for bitcoins Lolli  makes it easy for you to earn up to 30% in Bitcoin rewards when shopping at your favorite store...

A bitcoin wallet is basically the equivalent of a bank account, It allows users to send, store and receive bitcoins, manage private keys; codes that allow you to spend your coins. In reality, it’s not bitcoins that need to be stored, but the private keys that give you access to them. Bitcoin addresses and private keys look like a long string of numbers and letters and they can also be represented by QR codes. Here is an example of what these keys look like: Public Key / Address: 13mvq8wD6VxoHrXTVaHPrSwjMwFkYUZxYU Public Key. Private Key: 5KMpGa6X1212AmqUd7kdbhevh63Lbt96LU82eQVSSotgFzCGvQ2 If you don’t have the private keys, you don’t control the bitcoins. You can use any of the following websites to easily search any public key online. Blockchain.com Blockstream.info Blockexplorer.com These block explorers allow you to watch all Bitcoin transactions happening live on the network. Searching a Bitcoin address will show how many coins are stored and all of its previou...

Mining is the backbone of the Bitcoin network, Miners provide security and confirm Bitcoin transactions. Mining is done by specialized hardware. The role of miners is to secure new transactions (or blocks) to the chain and keeping them in the queue. Miners achieve this by solving a computational math problem which gets increasingly harder to solve. The more computers there are mining on the network, the more difficult, secure and decentralized the network becomes. This service rewards miners with newly-created Bitcoins and transaction fees. It also provides a way to distribute the currency without a central authority and also gives people an incentive to mine. The Bitcoin block reward supply is controlled by design and is agreed by everyone in the network. The protocol is designed to create new Bitcoins every ten minutes and to reduce the mining reward in half every four years. To prevent inflation the total supply to ever be created is capped at 21 million bitcoins. The last Bitco...