What is Bitcoin? Is Bitcoin legal? How to get bitcoin for free? How to buy and sell bitcoins?

Bitcoin is a name you may have heard of. Bitcoin is a name of the present age that uses the internet but has not heard of. I guess that's why you probably heard the name Bitcoin before and after.


After hearing the name Bitcoin or knowing more or less about it, you may have tried to find out more about it or maybe you have tried on the internet to find out how to get Bitcoin.


If you are really interested in Bitcoin, I hope you will read this article today to know all the ideas. But let's not look at what Bitcoin is from the beginning.

What is Bitcoin?

Bitcoin is a conventional currency on the internet or in simple language money that we can feel but can't get our hands on but can store anywhere and use it as needed.


As we can never touch our money or keep it in a bank or digital wallet and use it. There is no such thing as a bitcoin and a currency like the one used on the internet today.


While all of this may surprise us, Bitcoin has been created electronically, which can never be destroyed, and you can use it as you wish if you have it.


Bitcoin is a type of decentralized currency whose trading is all possible on the internet so you can own a bitcoin if you wish but keep in mind that this is the bitcoin you buy but you will never get it.


There are many wallets for keeping electronic coins just like we use Paytm, Phone Pay Wallet etc. in India for keeping Bitcoin. If you buy this type of coin or bitcoin, you can keep it in all these wallets.

History of Bitcoin.

The creation of Bitcoin on August 18, 2008 is generally considered to be an article about Bitcoin published this year and the following year the Bitcoin network was opened to the public so that everyone could gain an idea about Bitcoin or this currency of the Internet.


Bitcoin is divided into 8 decimals, in which case you need to understand a computer language because all the languages ​​that the computer understands are binary. Suppose eight bits is one byte. And for this reason, these currencies of all types of internet are divided into eight decimal numbers.


Each of these parts of Bitcoin is called Satshi, since the current market price of Bitcoin is much higher, so Satsi Bitcoin is worth a lot. But when this bitcoin was created its value was much less slowly as its acceptance and popularity pushed its value so high.

Is Bitcoin legal?

The biggest question that comes to mind is whether Bitcoin is legal or not. This type of digital currency or currency on the Internet depends on different countries whether it is legal or not.


This is because Bitcoin is considered legal and invalid only if a country considers whether it can accept these currencies and how much of its acceptability there is a risk of harm. The government is in talks to introduce Bitcoin in India in November 2021.


One thing to keep in mind in this case is that all the transactions that take place in Bitcoin do not have any data, that is, there is no specific address of who gave to whom and who took from whom. For this reason, various countries have declared Bitcoin to be illegal.


But some companies have tried to control this calculation by inventing some means by which different countries can use this kind of digital currency. In other words, it is not possible to buy Bitcoin directly in the money through the bank or directly from the money of the bank.


In order to buy or sell Bitcoin, you have to buy or sell Bitcoin through certain means. This is how different countries have legalized Bitcoin.


In India, for example, although its legitimacy is not recognized by the government, millions of people continue to trade with different types of cryptocurrencies through various digital exchange wallets.

How do I get Bitcoin for free?

There was a time when Bitcoin could be easily earned by playing a game or watching an ad on the internet because its market value was very low then. The market value of Bitcoin is so high today that it is no longer possible to get it this way.

You can earn very little bitcoin by playing different games but its value is much less than your time. This is the reason why many people do not try to earn bitcoin income like this anymore. So let's see how to earn Bitcoin -


At present cryptocurrency mining systems have been developed in different countries, meaning that all these cryptocurrencies can be mined or mined. When you hear this, you will think that if coal can be mined from a mine, then in the same way bitcoin is mined by someone.


The answer is no. In this case, the term mining applies to the Internet, meaning that it is possible to mine Bitcoin or similar cryptocurrencies using the Internet mining system. However, it is better to keep in mind that although there are some target cryptocurrencies used in the world today, it is not possible to mine all the cryptocurrencies.


However, Bitcoin mining is possible and requires a high quality computer, a high quality graphics card and an operating system used in that computer which starts mining Bitcoin at any Instant and deposits it in a specific place.

All these cryptocurrencies are traded around the world every minute. And a transaction fridge is cut off from these ongoing trades at different times. In fact, we are mining with some very strong hashing power from the last shot of these transactions.


The value of a bitcoin mining system in Indian rupees is one to one and a half lakh rupees which is able to give you bitcoin income of 5 to 7 thousand rupees per month. In other words, if you set up a mining machine with one and a half lakh rupees, your income will be 5 to 7 thousand rupees per month.

Now let's talk about how to trade bitcoin.

How to trade Bitcoin?

We first discussed that Bitcoin is a type of digital currency or Internet currency that can never be touched by hand but can be felt and traded.


To buy or sell Bitcoin we need blockchain accounts that we can create in different types of internet wallets such as - Binance, Azurex, Coin Payments, Coinbase etc.


If you want to buy and sell Bitcoin, you need to create an account in all these types of Internet Wallet. You can easily buy or sell Bitcoin through that account.


However, all of these wallets use internet banking or Visa debit cards, so you can easily buy these cryptocurrencies only if you have them.


You can sell Bitcoin, but you can keep the misaligned value directly in your bank account when you sell it, so there is no problem.


Friends, if you like what we have discussed here in detail about Bitcoin or this currency of the internet, you must comment later and if you need any other information about Bitcoin, you must write that question in the comments. So that we can post about this again with that question of yours.


In conclusion, I would like to express my opinion - digital currency or this type of Internet currency is very dangerous. Because you can't see him, you can't recognize who sent you, you can't know who is giving. So at any time there may be a problem with your bitcoin for this reason, if there is any problem, it is your responsibility.


All this information about Bitcoin that I and my website provide is for educational purposes only. I will never or will never give you advice on my website for all these types of risky work.


So it will be entirely up to you to decide whether or not to do such risky work.