Asad Ali, Ingénieur logiciel chez Woo Dating App (2016-present)
Mise à jour il y a 35w
Qu'est-ce que Bitcoin?
Bitcoin is the world’s first decentralized peer to peer ledger currency. It is the most widely accepted payment system and a digital asset worldwide. Bitcoin allows a successful transaction between two parties without any intermediary such as bank, credit card company or other financial institution. Bitcoin enables most secure, fast, and cost-effective border less money transfer. When it come to owning bitcoin or any other crypto currency in India, things are not easy. Why is this so? Simply because there is not much information available about bitcoin exchange in India.
What is Bitcoin exchange?
Bitcoin exchanges or cryptocurrency exchanges are the companies that allows you to buy or sell of digital currencies for other assets such as fiat(dollar,INR, euro, etc.) currency. Most popular cryptocurrency exchanges in India deals with bitcoin, ether, ripple, and other cryptocurrencies. Bitcoin exchanges have become most common in India due to increasing bitcoin awareness.
How does cryptocurrency exchange works
Cryptocurrency exchanges enable trading by creating a spread of buy and sell orders, where spread refers to the difference between these two orders. The cryptocurrency exchanges keep the buying price slightly higher than its selling price. The exchanges make profit by compensating in the buy and sell orders. Some of the exchanges also charge extra withdrawal fees which seems small, however profits made are significant due to huge customer base.
So for our Indian readers, I am listing out the popular bitcoin exchanges in India, where you can buy and sell Bitcoin and other crypto currencies. You just need to sign up with them and complete KYC (Know Your Customer) to purchase and sell bitcoin. The listing of these exchanges are based on their popularity & easy of use.
- Koinex (Web/App)
- Zebpay (App)
- Coinome (Web)
- CoinSecure (Web/App)
- Bitcoin Inde
Finally, Here is the update from Supreme court of India regarding Bitcoin.
Shivam Singh, vit à Bangalore, Karnataka, Inde
Répondu il y a 61w · L'auteur dispose de réponses 117 et de vues de réponses 120k
Bitcoin is a crypto currency or internet money that is used to verify transactions worldwide without any involvement of central authorities. It is a first decentralized peer-to-peer payment network that is increasing its value day-by-day. With Bitcoin, people can make payments, buy products or services, and even buy an apartment in legalized country. From the day of inception to later one year in July 2010, 1 BTC value was $0.08 which has now drastically changed up to $4090 in August 2017.
At present, Bitcoin is getting some attention from Indian government; however that does not mean that it is illegal in India.
Most of the people are unaware of it and see this cryptocurrency in such a way. They do not know what Bitcoin is and calling it a scam.
When the government will get to know about this currency, it will be legalized in India just like other countries, including Russia and Japan. In addition, there are people in India, who are saving Bitcoins as well as Indian Exchangers.
Here are some of the leading bitcoin cloud mining companies offering wide range of services Ethereum, Monero, Dash. like as:-
Anil Singh, Analyste
Répondu il y a 45w · L'auteur dispose de réponses 88 et de vues de réponses 130.6k
I am giving a very comprehensive answer…which will try to cover all your queries regarding Bitcoin. Have a cup of coffee…and digest:
Today crypto currencies have become a global phenomenon known to most people. While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance.
Bitcoins were in news recently after a massive global ransom ware attack ‘WannaCry’ hit systems in over 100 countries. The cyber criminals demanded a fee of about $300 in crypto-currencies like bitcoin for unlocking affected devices.
In October this year, billionaire Warren Buffet had described Bitcoin as a “real bubble”, and said that one couldn’t value it considering it was not a value-producing asset.
Why the interest in virtual currencies?
Bitcoin saw its value trading at above $10,000 (about ₹6.43 lakh) per bitcoin, up by about 900% from its value on January 1, 2017. At a time when the Indian government is in the process of determining the legality of crypto currencies, it is important to understand what exactly a virtual currency means for the layman.
How it all started?
The origin of Bitcoin is unclear, as is who founded it. A person or a group of people, that went by the identity of Satoshi Nakamoto are said to be the one/s who conceptualised an accounting system in the aftermath of the 2008 financial crisis. Nakamoto published a white paper about a peer-to-peer electronic cash system, which would “allow online payments to be sent directly from one party to another without going through a financial institution”.
Qu'est-ce que blockchain?
The transactions and the value of money would be recorded digitally on a publicly available and open ledger that contains all the transactions ever made, albeit in an anonymous and an encrypted form. This ledger is called blockchain. Considering the public and open nature of the ledger, proponents of this currency system believe, it could help weed out corruption and inefficiencies in the system.
However, in December 2013, the Reserve Bank of India issued a warning that cautioned the users about the potential risks of virtual currencies, including Bitcoin.
Qu'est-ce que Bitcoin?
Bitcoin is one of many cryptocurrencies that have gained popularity across the world.
- A cryptocurrency is a basically a digital asset that has been created to function as a medium of exchange, like cash.
- It uses cryptography to ensure the security of transactions — authentication and prevention of duplicate transactions — and to control the creation of new units of currency.
- This is different from cash in that cryptocurrencies have no physical form. These blur the boundaries between fiat and non-fiat currencies. They are simply numbers on a screen and there is no central bank that issues new currency. However, bitcoin has emerged as the popular face of cryptocurrencies.
Fiat and Non-fiat currency
A fiat currency is any currency that has no intrinsic physical value, mais whose value is established by government decree. For example, most national currencies around the world, including the Rupee and the Dollar, are fiat currencies as their values are dictated by the government.
Non-fiat currencies such as the Gold Standard have more or less been effectively phased out, as they require adequate physical stockpiles to maintain their value.0
However, the new breed of digital cryptocurrencies such as Bitcoin blurs the boundaries between fiat and non-fiat – they don’t have any physical value as such, but are also not government-controlled. This has created uncertainties about their role in the modern financial system.
Quels sont les règlements?
While some of the countries such as Nepal, Bangladesh, Kyrgyzstan have declared Bitcoins as a means of payment illegal and in violation of the state law, a majority are yet to take a stand on it. In December 2013, RBI issued a warning with caution to users, holders and traders of virtual currencies, including Bitcoins, about the potential financial, operational, and legal, customer protection and security related risks that they are exposing themselves to.
Bitcoins are currently unregulated in India. There are no specific legal frameworks for Bitcoins and cryptocurrencies in India yet.
Can you use bitcoin as currency?
At the moment, the Reserve Bank of India has interdit transactions in India using cryptocurrencies. In other words, while you can buy and sell cryptocurrencies on online exchanges, you can’t use them to pay for goods and services within the country.
En avril, the government had constituted an inter-disciplinary panel to look into the legality of cryptocurrenciesand suggest a way forward, which included a having a regulator if they are legalised.
The panel, which included officials from the Department of Economic Affairs, Department of Financial Services, Department of Revenue, Ministries of Home Affairs and Electronics and Information Technology, the Reserve Bank of India, NITI Aayog, and the State Bank of India, submitted its report in August and it is being examined.
Pour et contre
It is possible to send and receive bitcoins from any part of the world irrespective of traditional hurdles like national borders and banking regulations.
- Bitcoin does away with the need for a regulator.
- By making everything public, bitcoin negates the need for a middleman.
- Selon http://bitcoin.org, no individual or organisation can manipulate Bitcoins because it is cryptographically secure and do not contain customers’ personal information.
Toutefois, not being backed by any government entity is Bitcoin’s biggest disadvantage and affects its adoption by people.
- With less Bitcoins in circulation and the number of businesses using Bitcoin still very small, relatively small events, can significantly affect the price.
- One of the biggest problems that cryptocurrencies face is acceptance.
However, many businesses have started accepting Bitcoins. One of the largest PC companies in the US, Dell, started accepting Bitcoin in 2014. Travel website Expedia allows you to pay with Bitcoins. Tech giant Microsoft also embraced bitcoins in December 2014. In India too, the adoption has started. Bengaluru-based exchange Unocoin has a growing list of merchants on its website that includes e-commerce firms, web-hosting companies and even schools.
Que disent les experts?
Experts and central banks across the world are slowly arriving at the conclusion — written about in various research papers but not yet implemented in policy — that cryptocurrencies are here to stay.
Les only way to regulate their value and quantity is for central banks to issue their own digital currencies. While the value of digital currencies such as bitcoin are market-determined, depending on what somebody is willing to pay, a central bank-backed digital currency will have its value controlled to an extent by the central bank itself, much like any other major currency in the world.
RBI’s research arm Institute for Development and Research in Banking Technology put out a paper in favour of the blockchain technology.
There is still a lot of analysis to be done regarding the effect of such a central bank-backed digital currency on factors such as inflation and price levels.
Tsunade Sama, studied at Postgraduate Education
Répondu il y a 205w · L'auteur dispose de réponses 112 et de vues de réponses 174.4k
Bitcoin is a software-based online payment system where payments are irreversible, unlike those made by conventional methods such as debit or credit cards. A credit card payment, for instance, can be later denied to the seller if the cardholder claims there was some fraud. At the start of April 2012, there were some 11 million Bitcoins in existence, with 25 being added every eight minutes as on April 11, 2012.
Around the year 2140, there will be around 21 million, the maximum currently permitted by the system. The currency has seen massive user interest since March 2012, thanks in large part to Cyprus's banking crisis. The Bitcoin was worth around $100 on April 1, 2013, up from $13 at the beginning of the year. With demand rising and supply limited, the digital currency rose steeply before a crash.
Using Bitcoins :
Bitcoins can be broken into small units of up to eight decimal points, and are transferred like e-mail. They are used to pay for goods and services on websites that accept them. Every time they change hands, they are stamped with the transaction details and the identification key of the new owner. All transactions are communicated to the public network and indexed for future verification.Buyers and sellers remain anonymous, as the identification numbers include no personal details.
Launched in 2009 by an unidentified person or group known as Satoshi Nakamoto, Bitcoins are encrypted sets of digital data representing past transactions. The opensource currency, abbreviated as BTC, is powered by a peer-to-peer network similar to torrent file-sharing networks, and is in the public domain both in terms of issuing and valuation.
It's supply is distributed evenly throughout the network, grows at a rate known to all parties in advance, and can never exceed the predetermined limit. It cannot be manipulated by governments and political bodies, and cannot be inflated or deflated artificially. No central authority issues Bitcoins. All transactions are directly between the two parties involved, with no financial institution as intermediary. So transaction costs, if any, are low.
Le côté obscur
Digital cryptographic currencies are new, and there are not enough regulations governing them. Mining, buying and selling Bitcoins is not illegal in India, but it is not recognized by law either, and their taxability is a question mark. "As long as you retain Bitcoins and do not convert them into rupees, it need not be included in your income" .The anonymity of Bitcoin payments has led to their use for illegal activity. Money-laundering is a threat, as is illegal trade.
Bitcoins can be lost or stolen if digital wallets are not secured through encryption and paper or digital back-ups. A lost or deleted Bitcoin cannot be replaced. Despite the criticism and risks, the Bitcoin is gaining popularity. The system is still experimental, and has a few aspects that can be exploited or result in a glitch!
Rakesh P, works at Zoho
Répondu il y a 58w · L'auteur dispose de réponses 456 et de vues de réponses 165.1k
I have explained about bitcoin in details in the below videos.
Do you know the fact?
If you had invested in Bitcoin instead of buying a lollipop of 1 Rupee in 2009, now you would have money to buy a house of 1 Crore Rupees.
Bitcoin value has increased from 1 Rupee to 1 Crore Rupees in a very short span of time from 2009 to 2017.
In 2009 1 Bitcoin cost is 3 paisa now the bitcoin cost is 3,30,000 Rupees.
Then, why are we waiting?
Dive into the details of Bitcoin by watching videos in three different languages English, Tamil and Telugu.
If you want to watch many more videos like these then subscribe the channel. https://www.youtube.com/channel/...
If you want to buy bitcoins from zebpay exchange then you can use my referral code. You will get 100 RS free for your first transaction. http://link.zebpay.com/ref/REF96...
Research more about bitcoin before investing. You may become crorepathi or you might loose your complete investment.
Do reasearch before investing................
Do you know the fact?
The money that we put in savings bank account is actually making our money less worth.
Do you know the another fact?
If you had spent Rs 55,000 to buy a Royal Enfield motorcycle in 2001, you would now have an old, rugged bike. But if you had invested the same Rs 55,000 in shares (at Rs 17.50 per share) of Eicher Motors, the company that makes Enfield bikes, your investment will be worth Rs 10 crore now.
Then, why are we waiting to invest in Stock Markets?
To know about the basics about Stock market and how it works?
Watch out videos from the below playlist in your preferred language. (English, Tamil, Telugu)
Divyanshu Verma, B.Tech (Computer Science) from Chhatrapati Shahu Ji Maharaj University (2016)
Répondu il y a 49w
Réponse d'origine: Is Bitcoin legal in India?
Bitcoin est peer-to-peer crypto-monnaie that made its debut in 2009. Currently there are more than 500 cryptocurrency to choose from but Bitcoin is still at the top. Cryptocurrency is created through computer-generated process called exploitation minière. Usually it's not regulated by central bank of the respective countries that's why it is getting so popular.
The fact that bitcoin can be anonymously used to conduct transactions between any account holders, anywhere and anytime across the globe, makes it attractive to criminal elements. They may use bitcoins to buy or sell illegal goods like drugs or weapons. Most countries have not clearly made determinations on the legality of bitcoin, preferring instead to take a wait-and-see approach. Some countries have indirectly assented to the legal usage of bitcoins by enacting some regulatory oversight. However, bitcoin is never legally acceptable as a substitute for a country’s legal tender.
Now come to your answer.
The deputy governor of India’s central bank has revealed the authority is working on a regulatory policy for cryptocurrencies like bitcoin in the country.
According to Indian business daily Economic Times, Reserve Bank of India (RBI) deputy governor NS Vishwanathan was speaking at an event in the city of Kolkata when he was asked if the RBIwould encourage cryptocurrency adoption in India. While holding details close to the vest, the central banker confirmed the authority’s effort to introduce a clear regulatory policy in a country where bitcoin deemed neither legal nor illegal.
‘I can’t comment on a policy which is still in the making' il ajouta
Recently a government panel has reportedly recommended shutting down cryptocurrency dealers operating in the country to put an end to use of cryptocurrencies such as Bitcoin.
Notes de pieds