I am simply Explained What is Bitcoin?  What is Cryptocurrency?  What is Ethereum?  Learn all these things.  Is cryptocurrency legal in India?  If you want to trade.  How to trade cryptocurrency.  Why their prices are rising and falling.

First we need to know...




 What is Bitcoin?

Bitcoin is a cryptocurrency.  Now the question is what is cryptocurrency?  Cryptocurrency is a type of online currency.  What is the currency we know a little bit about this matter.  See currencies such as - Indian Rupee, Bangladeshi Taka.  This is the meaning of Indian 100 rupee paper note.  And if you have the rupee in your hand, you can buy anything worth 100 rupees with it anywhere in India.  Similarly Bangladeshi taka.  

So if you have a 100 taka Bangladeshi note in your hand, it means that the government is giving you that money. The government is telling you.

Why cryptocurrency?  Need some cryptocurrency.

It will be very useful to know what cryptocurrency is.  Now you understand one thing better.  This is the concept of money, the concept of currencies, as I said.  Indian Rupee, Bangladeshi Taka Every country in the world has a different currency.  If you go to USA, you will get US dollars.  There is Europe, there is Europe, there is different in England.  India and Bangladesh are different.  There are two very big problems.  See what those two problems are.  The first problem is suppose I am in India. 

Now I want to send some money from India to Bangladesh.  Any business purpose for friends who send money from India to Bangladesh for anything  If you want to send Indian currency to Bangladesh first, you have to convert your currency  The bank has a charge.  It means a little time if I want to send money from India to America now.  My Indian currency is being converted to US dollar but there is a bank charge plus this conversion.

Rupee vs Cryptocurrency 

This money, rupee, dollar, these are all government control currencies.  Digital currency  is a better alternative to get rid of all this.  Paytm wallet in India can hold the entire digital currency.  Cryptocurrency is a kind of digital currency because you can't handle it.  You can't hold Bitcoin, like Ethereum breads.  It's a whole digital currency like our Paytm Wallet.

Crypto Wallets  Bitcoin wallet, Binance, Coinbase.

How do we trade bitcoin.  And how we send and receive cryptocurrencies.  We need an account to take money from such banks  Similarly, it takes an account for cryptocurrency called crypto wallet.  There are many popular wallet such as bitcoin wallet, binance, coinbase.

Benefit Of Cryptocurrency 

And the biggest thing is that we have regular banks.  If you trade them, you will not be able to trade too much.  And the transaction will take a long time.  But with Bitcoin or Cryptocurrency, you can do a lot of transactions very quickly.  And these transactions will not be known to third party companies or individuals.  The transaction will be limited to only two transactions.