Era Of Bitcoins

On By Mayank Nautiyal
Era Of Bitcoins

Era Of Bitcoins

In this Era Of Bitcoins, Bitcoins to a normal man Can be Confusing so,
So we will be learning

What is bitcoin?

It is just a type of currency like our Coins, Notes as these are physical currency through which we transact, but bitcoins are virtual, means those cannot be touched but it can be kept in a virtual wallet and can be transacted,
these currencies are nothing but a code which is kept safe by encryption through cryptographic techniques,
these currencies are so-called cryptocurrencies as they are made through cryptographic Techniques…

Bitcoin is a Type of cryptocurrency…
There are many cryptocurrencies other than bitcoins they are-

 Bitcoins

Ripple

Litecoin

There are Certain Companies in India Too, which deals with Bitcoins…

UnoCoin-

Unocoin is India’s leading Bitcoin platform. Their customers can buy bitcoin with any Indian bank account via online banking or NEFT and RTGS…

Zebpay-

Zebpay is a Bitcoin platform and broker based in India. It has Android and iPhone apps that make it easy to buy bitcoins with a connected Indian bank account.

CoinSecure-

Coinsecure is an Indian Bitcoin exchange and trading platform. It offers very low fees at just 0.3% per buy and a number of deposit options; including NEFT, RTGS, IMPS and cash deposit…

Pros-

1.Payment Freedom

  • payments in the form of Bitcoins can be sent or received anywhere
  • In terms of Bitcoins, you are the real owner of that Currency as Bitcoin does not have a central authority Figure In the Network

2.Very Low Fees

  • Currently the fees for the transaction of bitcoins there is no fees or there is a very low fee
  • With transactions, users might include fees in order to process the transactions faster. The higher the fee, the more priority it gets within the network and the quicker it gets processed.

Cons-

1.Lack Of Awareness

  • The fact is many people are still unaware of Bitcoins or Cryptocurrencies
  • Public should be Educated and must be Given knowledge of this growing currency

2.Risk and Volatility

  • As more payments portals accept and process this currency it will be settling down
  • As this is still in the developing Timeframe…

So Guys this the Summary about the cryptocurrency…

For more Tips and Tricks http://www.cybrot.com