Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.In simple word it is a currency that does not have any physical existance only in digital area. It is free for everyone to be part of. It also has a payment system within its protocol which helps the transfer of value as instant as an email. In this post we will dicuss about How to earn money from bitcoin in india by using an android app.
In the first stage, when it is invented a very few people know about this and the invester is also very less. But as the day pass on the price of bitcoin arrice slowly and at 2010 the price was arround 5 indian rupees per bitcoin. But previous bitcoin in india is purely illigal but now a days it fully legal currency and anyone can buy or sell bitcoin in india freely and it is fully anonymous.
Now a days bitcoin is legal many compenies are coming as middle man between bitcoin and people.They basicaly buy bitcoin from user or from bitcoin and sell them to the user along with a gape between buying price and selling price.They drop or rise there price according to the price of bitcoin’s rising or dropping.So before selecting the middle first you have to check thier range of buying and selling price difference. You can also directly buy bitcoin from there site but the process is complex and when you trying to sell you have to find the best buyer for your botcoin.
So now How to earn money from bitcoin in india,the rule is very simple if you use any middle man like an app call zebpay, you show their selling price and buying price in thier app.
First download the app from playstore and install in your mobile
second you need to submit your bank detail and pan card to varify your account
After 3 days or before your account is varied and now you can deposit your money to zebpay account
after that you can buy bitcoin by this money whenever you want. So now the trick is that just wait when the price is drop then you buy the bitcoin and when price goes high just sell them but remember do not be greedy earn lessly do wait from very high price rise.In last 3 months price of the bitcoin goes 1.1 lakh to 2.25 lakh per bitcoin and one of my freind invest 5ooo when the price is 1.1 lakh and withdrow at at 2.1 lakh as double of his investment i.e 10,000 within a week. So if you earn some money try this and this is new for indian people but in other country they make profit of millions.
So, hope you like and it is informative to you. thank you!