How to Buy Bitcoin in 2021, Try these 7 Legal Apps

How to Buy Bitcoin in 2021: Today everyone wants to know about Virtual currency. Bitcoin is first Virtual currency which is not operated by the central bank of any country. Everyone wants to know about What is Bitcoin and How to buy Bitcoin in 2021? Actually, Bitcoin is a kind of decentralized digital currency and it’s only trade through Internet.

Every country in the World has its own Currency and every Currency has a unique value, just like USD, GBP and INR. Similarly, in the world of internet there is also a currency which we call virtual currency or Digital Currency.

How to Buy Bitcoin in 2021, Try these 7 Legal Apps
How to Buy Bitcoin in 2021: Bitcoin is first Virtual currency which is not operated by the central bank of any country. (Image Source: Google)

History of Bitcoin

Bitcoin was discovered in 2009, its founder or discoverer is Satoshi Nakamoto. In mid 2010 some of business start accepting bitcoin as a trade currency. In May 2010 price of One bitcoin is around $0.01. In 2011 Price of a Single Bitcoin is Around $1. After 2 Years in 2013 Bitcoin takes a boom and its price rose to $1242 for 1 Coin. After that Price of this Virtual currency never slow down and in April 2021 Virtual Currency breaks all record price trade around $60,000 per Bitcoin. Now Everyone wants to know how to buy Bitcoin?

Bitcoin: World’s most expensive currency

Bitcoin has become the most expensive currency in the world. At present, the online or market price of a bitcoin is more than Rs 2.69 lakh. Through computer networks, this currency can be transacted without a bank. At the same time, this currency is also kept in the digital wallet.

How does bitcoin work?

Before we know How to buy Bitcoin let’s talk how this virtual currency works. You can install bitcoin as a bitcoin wallet on your computer or mobile phone. This will create your first bitcoin address and you can also create more than one address if needed.

How to Buy Bitcoin in 2021, Try these 7 Legal Apps
Bitcoin was discovered in 2009, its founder or discoverer is Satoshi Nakamoto. (Image Courtesy: Google)

How to Buy Bitcoin?

There is a lot of curiosity in the mind of many people about how to buy bitcoin. Although they do not know how to invest in cryptocurrency. Today we are sharing 7 Trading apps where you can invest in bitcoin. Don’t worry these 7 apps are totally legal.

1. Unocoin

Unocoin is a popular app among Indian investors, which is currently being used by many Indian users for trading bitcoin. Unocoin came into the limelight when its co-founders installed a bitcoin ATM in a mall in Bangalore.

Through this ATM kiosk machine, you could withdraw money from your bitcoin account and also deposit money in it. Later, declaring this ATM illegal, the court also took action against its founders. Through this app you can trade bitcoin. Users can buy bitcoins on this app.

WazirX

WazirX is considered to be the most trusted app for trading bitcoin in India. This app was launched in India on March 8, 2021. This platform provides its users with the option to do a large number of transactions on the basis of its best technology.

By visiting this platform, you can buy or sell bitcoins at any time. The KYC of the user is also done at the time of registration on this platform. Under which the user has to present documents showing his identity.

BuyUCoin

BuyUCoin is a great platform for trading cryptocurrencies. If you want to know how to buy bitcoin, this is a good platform. Here you can also trade in many other cryptocurrency. Try investing little amount on other currencies first. On this platform, you can also invest as a SIP, which reduces the risk of losing your money significantly.

BuyUcoin has created a sandbox system on its platform, which monitors all types of cryptocurrency traded in India.

CoinDCX

CoinDCX app used for trading bitcoin (How to Buy Bitcoin) was launched in India on April 7, 2018. This app is quite user friendly. This app provides a secure financial transaction platform to the user.

Apart from buying and selling bitcoins on this platform, you can also take advantage of the facility of transferring money. The facility of using UPI and IMPS has also been provided in this app.

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Pluto Exchange

Pluto Exchange is an open payment platform and decentralized exchange, issued on all crypto exchanges. The company has claimed that this is the first app-based wallet that enables bitcoin transactions (How to Buy Bitcoin) using a mobile number.

Pluto exchange solves the problem of coordination between payment processes, financial channels and financial institutions. It covers payments, remittances i.e. remittances, payroll deposits, BB commerce, supply-chain finance, loyalty.

Bitcoin has become the most expensive currency in the world. (Image Courtesy: Google)

Coinbase

Coinbase claims that they are the world’s largest cryptocurrency exchange platform, with over 56 million users across 32 countries worldwide. Coinbase allows you to securely buy, store and sell cryptocurrencies like Bitcoin and many cryptocurrencies through app and web platform.

Coinbase is best known for its easy-to-use website and crypto trading platform, Coinbase Pro. Coinbase supports 14 different cryptocurrency for trading.

eToro

eToro – Social Trading is a great tool that will tell you what you need to keep in mind to get into the stock market. Let us tell you that eToro is an app in which the given methods will help you to know more about the stock market. Through this app you can invest into Bitcoin (How to Buy Bitcoin) and other virtual currencies.

eToro app gives traders of all levels the ability to start investing in stocks, commodities and currencies. The Social Trading App connects traders from around the world to form a massive social investment network on which they freely and openly share trading tips, advice and strategies.

What is the future of Bitcoin and cryptocurrency

US investment bank Goldman Sachs said in a note sent to its customers last week that cryptocurrency cannot be ignored. It has strong potential for growth. According to Amit Bhardwaj, the operator of mCap Cryptocurrency, who is involved in early trading in crypto currency in India, the future of crypto currency is very good. If you missed investing in bitcoin, there are many more options for investing in crypto currency in the market. For example, the current price of mcap is close to $2.

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