How To Invest In Bitcoin In Four Simple Steps_
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How To Invest In Bitcoin In Four Simple 
Steps?
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Now even Indians are 2
so curious to own 
cryptocurrencies. But 
mere owning a 
cryptocurrency is not a 
solution, you need to 
know how to buy it for 
trading or selling. 
Among other 
cryptocurrencies, 
Bitcoin is the most 
popular one. So in this 
blog, we will know how 
to invest in Bitcoin.
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Introducing Bitcoin
● To find the main reason behind the popularity of cryptocurrency which we 
notice today is Bitcoin. Ever since it made its debut on 3rd January 2009, it 
created a wave among the whole world. People became much fascinated 
with its use as the digital currency. 
● Though there is much confusion about its real founder, however, Satoshi 
Nakamoto is popularly known to be the real founder. When we discuss 
Bitcoin, then it is not possible to not mention blockchain. For someone new 
to the crypto concept, might not be aware of the fact that blockchain is a 
digital ledger platform on which Bitcoin and other cryptocurrency operate. 
Without blockchain, the Bitcoin can't function.  
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● In comparison to fiat currencies, Bitcoin has lower transaction costs. If 
you want to own Bitcoin, then you need to understand that these crypto 
coins are scarce. It is complicated to obtain it over time. 
● Every four years, the rate of Bitcoins is produced in cuts. If you follow 
Bitcoin news today, then you might be knowing that in the year 2020, the 
halving of Bitcoin is expected again. 
● Although Bitcoin has become much popular choice among the people 
now in India, there might be some beginners who might not know how 
to buy it. 
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How To Invest In Bitcoin
Now since the concept of cryptocurrency is accepted in India, so it is possible 
to invest Bitcoin in India. But are you aware of its buying? If not, then know it 
now. If you want to buy Bitcoin, then there are some exchange platforms.
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Bitcoin ATM- You must be using ATMs of several banks for 
transactions, but there is also an ATM for especially obtaining Bitcoin. 
To deposit cash, you need to have Bitcoin ATM nearby. Bitcoin is sent 
to you when you get promoted for Bitcoin address. You don’t have to 
face any exchange hassles as Bitcoin ATM features an easy method. 5 
to 10% is supposed to be the charges for its services.
Unocoin- If you want to invest Bitcoin in India, there is another popular 
exchange called Unocoin. It is prominently based on Bitcoin. In this 
exchange, users can refer to NEFT and IMPS bank deposits for buying 
the Bitcoin. The cryptocurrency is received when the payment reaches 
in the account of Unocoin. .7% is the trading fee charges of this 
exchange.
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Local Bitcoins-In this exchange, amounts of money and method are 
chosen by the users. Person to person Bitcoin exchanges is allowed 
through an escrow service.
Changelly- Changelly is unlike another exchange, where the user 
selects output and input currency. When the two currencies are 
chosen, a deposit address for the output currency must be given by the 
user. A provided address is then sent to the currency. In changelly 
exchange, a user can use fiat currency to buy any cryptocurrencies, 
including Bitcoin. 5% of fee is taken by the simplex, whereas .5% fees 
go to Changelly. 
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Conclusion
So this was all about how to invest in Bitcoin especially in India. The 
emergence of cryptocurrency did not seem easy in a big country like 
India. It was not acceptable. But later on, when this digital financial 
version proved its worth, then it was acknowledged and made its 
existence in India. Now more and more Indians are making the best use 
of cryptocurrencies, including the dominant one, Bitcoin. 
Sources
https://www.cryptoknowmics.com/news/how-to-invest-in-bitcoin-
in-four-simple-steps
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