Bitcoin is the world’s first cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
Bitcoins are legal in India. To know more about authenticity and global bitcoin instruction here.
From million dollar worth Pizzas to breaking all-time high records every other year, bitcoin’s history is extremely fascinating. Click here for bitcoin timeline. Anybody can buy, sell and do trading of Bitcoins in India. Here Zebpay is the most fast growing and the easiest portal through one can buy, sell and do trading of Bitcoins. By using Zebpay you can learn how you can buy, sell and can do trading of bitcoins very easily. Bitcoins can be exchanged for other currencies, products, and services. Bitcoins are also rewarded as a process known as mining. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
Transactions of Bitcoins are exclusive and they are anonymous and classified. A person can only know the addresses of the bitcoin wallet on which the payment has been sent and received.
- Payment Freedom
You get the utmost freedom of paying through bitcoin. One can transfer bitcoins to anyone in any part of the world.
- Low/Minimal Fees
One doesn’t have to pay any transaction fee or have to pay a very nominal charge on the transfer of Bitcoins.
- Fewer Risks for Merchants
Transaction of bitcoins is the safest among all the other plastic money and does not contain any customer’s sensitive or personal information. This also gives protection to merchants from losses caused by fraud.
- Its fast
Transaction through bitcoins is faster as compared to other transfer channels. A bitcoin transaction is as fast as an e-mail which is processed with 10 minutes