Bro, Do you know what is bitcoin?

1. A Beginner’s Step By Step Guide To BITCOIN: Everything You Need ToKnow incometwo.com/beginners-guide-bitcoin/ February 9,2018 This post was most recently updated on February 22nd,2018 A beginner’s guide forBitcoin You might have definitely heard of the word Bitcoin since it has created a lot of confusions worldwide. Brexit, Demonetization in India and the election of Donald Trumph as new US president, many economic events has been viewed with respect toBitcoin. If you are a newbie to Bitcoin, we shall take you through the beginners guideto understand basic and essential things related toit. Contents Investments are always worthy if you make them prudently. Bitcoin is the latest entrant which has created a huge buzz in themarket. This bitcoin for beginnersguide we have created to give an idea about how does bitcoin investing work?What is this? And why should you invest in this?Let’sdiscuss. Let’s start with an example to know what Bitcoinis? What isbitcoin?

2. How do you transfer money from India to USA now? Yes, by bank wire transfer service or by Payoneer or PayPal. Right? But you would have to pay big amount of fees in remitting or transferring money. You must be paying fees to the bank for the safe record of your money and if you use services from payment gateway Stripe, PayPal, 2Checkout, or any other, you must be paying transaction feestoo. If we say technically, for your every transaction of money, you pay money to the bank and everything is recorded and monitored on a ledger and money is just transferred digitally between theaccounts. Do you know that when you transfer the money, it is not moved physically like goods? Still, we pay service charge of2-10%. Have you ever thought why do we pay such service charge as fees even though it is done digitally? Yes, this is how they grab money from users like us. But it has asolution!!!! Bitcoin makes every cross-border transactions and remittance possible without any charges Bitcoin is regulated by any country, but its internet’s official currency and everyone can earn it with an internet connection. It is regulated by “Us” that are users and not any special regulatory bodies making it independent of any corporatemonopoly. The main thing about Bitcoin is that it can be transferred anywhere in the world with very minimal fees. Transferring any amount of bitcoin fromthe US to India may just cost about $2-3 and only sender and receiver get to know the details of thetransactions. Yes, the world is accepting Bitcoin now to save more money for doing business globally. Let’s do deeper to know how bitcoinemerged. What isBitcoin?

3. “Bitcoin is a cryptocurrency or digital currency which doesn’t belong to a particular country orgeographicalentityandcanbeusedbyanyonewhohasaninternetconnection.” You can store bitcoins in the “ Bitcoin wallets” just like you save money in your bank or wallets. Since everything is digital there is no fiat money like INR, US Dollars, YEN or any other paper currency involved. You receive or transfer bitcoin, you use bitcoin wallet and can have more wallet addresses too for every wallet. You can be assured of safety as a unique wallet address will be used for every transaction youmake. Install a Bitcoin wallet on your smartphone or your computer. After installation, you can receive or send bitcoins to anyone in the world by generating a Bitcoinwalletaddress. Bitcoin is a decentralized and digital currency system which is designed in such a way that it can give online users the facility to process transactions via a digital unit of exchange known asBitcoins. In other words, it is a virtual money or cryptocurrency. You can easily exchange it for other currencies (suppose you can buy bitcoins with US dollars or Euro) and it fluctuates in relation to other currencies aswell. Though Bitcoin is invented in 2009, it started gaining popularity from 2012 onwards. Since then, many venture capital firms and investors around the globe have started investing in bitcoin and are giving importance to thecryptocurrency. So, this is the high time that you need to enhance your knowledge on cryptocurrency and start investing in it. This article will help you how can you make your investment and can get benefit fromit. If you are planning to invest in cryptocurrency, you need two thingsfirst. An exchange or website from where you can buyBTC A wallet where you can store your purchased BTCsafely. Let’s discuss these two pointselaborately 1. An exchange to buyBitcoins

4. There are many countries which have an official cryptocurrency exchange and from that exchange, you can purchaseBTC. Countries like the USA (CoinBase, Gemini), India (Coinsecure, Coindelta, Zebpay and Coinome), UK (CEX), Israel (Coinmama), South Korea (Bithumb), Russia (Yobit) and Nigeria (Luno) have their own BTCexchanges. If you are living in any of the above-mentioned countries, then you can quickly sign up for these exchanges and can easilytransfer money from your bank account to purchasedbitcoins. But if you are the resident of such a country where there is no BTC exchange and you have no option of transferring funds from your bank accounts to purchased cryptocurrency, then the scenario will become intricate foryou. So, what will you do in this case? Don’t worry, your answer ishere. There are many websites from where you can buy bitcoins either by using cash or credit cards or debit cards orPayPal. Websites like CEX.io, Coinmana, and Changelly allow you to purchase bitcoins by using debit or creditcards. P2Pexchange: you can also go for P2P exchange to purchase BTC. The P2P exchange is another popular method which works for most of thecountries. This exchange allows you to connect with the seller directly so that you can comfortably purchasecryptocurrency. Generally, P2P exchangesupports various payment methods like cash, online transfer, PayPal, Moneygram, Amazon gift card, iTunes gift card, Payoneer and many othermethods. 2.Awalletwhereyoucanstoreyourpurchasedbitcoins Once you have bitcoins with you, then you need a wallet where you can safely store your purchased bitcoinssafely. The markets are crammed with a number of wallets, but you need to carefully hand-pick your wallet because most of the wallets are fake orfraud. And if you go for with these wallets, then at the end of the day you will meet hugeloss. Even you can find many cryptocurrency wallets in the Google play store and if you choose any of them randomly, then certainly you will face huge monetaryloss.

5. The BTC wallets in the Google play store are alsofeigned. Most of the users generally keep their cryptocurrency in an exchange’swallet. Exchanges like localbitcoins, CEX, Koinex, Zebpay, etc. embrace their customers with an in- built bitcoin wallet so that they can keep their bitcoins in theirwallets. If you are keeping the cryptocurrency in an exchange’s wallet, then you don’t have a direct control on the cryptocurrency. Unfortunately, only a few countries are working on cryptocurrencies and BTC, so there is a huge chance that these exchanges can shutdown. And if this happened, then you might lose your cryptocurrency if you kept them in an exchange. Since bitcoin is a virtual currency, so you need to take the whole responsibility for the security of the bitcoins and that’s why you should choose such a wallet which you can controlfully. Always go for such a wallet that allows you to keep the seed words with you. Seed word is basically a private key or password for yourBTC. With the help of the seed words, you can retrieve yourbitcoins. There are various types of wallets which you can use for yourbitcoins. Mobile wallets: This usually comes with a mobile application and is available for both iOS andAndroid. Desktop wallet which generally comes as asoftware Web wallet which comes as awebsite Hardware wallet which is the most secure ways to store yourcryptocurrency A paper wallet: This is another most secure method but its setup cost is veryhigh. There are some security issues with mobile-app wallets and desktop wallets because your bitcoin’s security depends on the security of the OS of thesystem. Hardware wallets are the best options by which you can keep your BTC safely. You can go for hardware wallets like ledger nano S and Trezor. Though hardware wallets are good, still their supply is very limited due to the hugedemand. It will take several months for you to get your hardware wallet. So, if you want to start investing in bitcoins immediately, then it’s better to use mobile wallets like Coinomi, MyCelium, and Jaxx and later, you can transfer the cryptocurrency to your hardware wallets once you will getit. In today’s world, BTC is an excellent investment. Since people are showing their interest in BTC, the prices are growing hurriedly. But before investing, let’s take a look at the pros and cons ofBTC.

6. Pros ofbitcoin: Easy to sendmoney: Since it is decentralized, so you can send money to anyone on the other side of the world within a few seconds. Instead of waiting for a wire transfer which can take days, you can send your payment in seconds. This is why bitcoin is popular among the customers. Private: Though people think that bitcoin is completely anonymous, actually, it’s not anonymous. It is more private. All cryptocurrency transactions can be easily seen on the Blockchain – the public Bitcoinledger. Cheaperthananyothermethods: Most of the businesses accept credit cards or debit cards but these cards take substantial fees for every transaction. But those who accept bitcoins don’t pay anyfees. Cons ofbitcoins Riskytransactions: BTC is famous for rising slowly. 24×7 its being traded and thus, the price is very fluctuating. There are several unknown factors that can affect theprice. Transaction speed isslow: The transaction speed of cryptocurrency is very slow as compared to the other cryptocurrencies. The Bitcoin miners are trying to solve thisproblem. Bitcointransactionsarenotreversible: Unlike a credit card charge, bitcoin transactions are not reversible. If you send bitcoin to the wrong address, then you will never get it back. Also, many people who have lost their cryptocurrency wallet address, have also lost their BTC. There is no way to get them back.

7. Though bitcoin investments are fruitful, still before investing into it, if you are a beginner, you must read our bitcoin investing guide, also do a thorough market research. Choose your wallet aptly and store your BTC safely there. How does itwork? Bitcoinworksonblockchaintechnology.Thecompletebitcoinnetworkreliesonthe blockchain which is a shared publicledger. The blockchain verifies and confirms each transaction and are added intoblockchains. By using Public-key cryptography, messages are authenticated by using double piece of information. Just like setting up a password, bitcoin also asks to set up a private key to ensure security. Never share withanyone. BeamasterbyidentifyingBitcointerms Altcoins: Alternative cryptocurrencies to Bitcoin like Ethereum, Litecoin, Dogecoin,etc Bit: A sub-unit ofbitcoin 1 bitcoin (BTC) = 1,000,000bits. When capitalized letter B is used inBitcoin: overanchoring Bitcoin concept like technology, software, community and theprotocol. When not capitalized letter is used: Unit of currency Mining: mathematical calculations done by computer hardware that is used to increase security duringtransactions HowdowegetbenefittedfromBitcoin? It is important to note that no individuals or bank is maintaining any transaction ledger. Every transaction is linked to Bitcoin address. Others can only view your wallet address and this ensures safe transactionsonline.

8. Using your private key, transactions will be signed by Bitcoin software. This cryptographic signature proves that you are an owner of thisnetwork. History ofBitcoin Still we are not sure about the founder of Bitcoin. A paper was published on The Cryptography mailing list under a pseudonym “Satoshi Nakamoto” and till now the real identity has not been revealed. This was happened in October 2008. And the very next year on January 2009, the first ever bitcoin was released and the mining gave a reward of 50 bitcoins for the first block of Bitcoin which named ‘genesisblock’. IfyouwanttoknowmoreaboutBitcoinofficially,herearesomeresources: AreBitcoinslegallyapprovedinIndia?Howtopurchase? Do you want to buy Bitcoins fromIndia? Don’t worry, we will help you. Our detailed procedure helps you understand every minute task to be carried out while purchasing for the first time in India, which is legallyapproved. Popular website for selling and buying Bitcoin are Coinsecure and Unocoin. If you wish to buy bitcoins using money, you can also visitLocalbitcoins. CheckthepointsbeforepurchasingBitcoinsinIndia Even though it is not regulated by Reserve Bank of India, it is legal in India to buy from Unocoin and othersites. The Reserve Bank of India has stated that creation, trading and utilizing of virtual currencies as a payment medium will not be regulated by any monetary authority or central bank, in a press release on virtual currencies like Bitcoins, Litecoins, Etherium, Dogecoins, etc issued on December 24,2013. In the past three years, Bitcoin has been adopted by users globally as it is quite stable and the current survey shows that in 2017, the threshold will cross $1,000. Without doubt we can say, it is better to take bitcoin for the timebeing. 7bestwebsitestosellBitcoininIndia ForBitcoinersacrosstheglobe,Indiahasthebiggestopportunitiesiftheyplaythecards right.HereisalistoftopwebsitesinIndiatosellBitcoin 1.Coinsecure

9. It is one of the best Bitcoin exchanges in India. Market price selling of bitcoins is possible. If you are newbie to trading, this site is the best one to start with. At starting, you may have some confusion but you will get used to the interfaceeasily. HereisthestepbystepproceduretopurchaseyourfirstBitcoinusingCoinbase. Take Coinbase site and create an account forfree Verify email address with the verification mail sent to yourinbox. Complete the profile and enable two step authentication procedure to ensure security. Your personalized URL for Coinbase can be seen under your pageoption. To increase your BTC portfolio, you can share page URL to client and accept money in USD and this will automatically be converted inBTC. Get your documents (Passport, Driving license or any other Government approved ID) verified by either sending scanned copy or by laptopcamera. Once everything is verified, you will be able to sell or buybitcoins. Are you in USA, UK, Europe, Singapore? Wow! Then it’s easy for you to buy them with Credit card!! Singapore users can Xfers to purchase them throughCoinbase. This procedure is free and based on your necessities direct depositing of bitcoins can be done from other platforms to the Trade Engine Wallet or to CoinsecureWallet. 2.Unocoin

10. Here you can sell and buy Bitcoins at a fixed price and offers a Bitcoin wallet with trading option. The price can be slightly variable so that you can compare with others before transferring to any Indian Bitcoin sellingwebsites. HereisthestepbystepproceduretopurchaseyourfirstBitcoinusingUnocoin Take Unocoin website and as always you do with an account creation, sign up with it first. Verify your mail address after getting a registration verificationemail. Start adding your bank account details and the procedure is to complete KYC. If you want to sell Bitcoin, this is where you will also getmoney Fill in with the details of same person who is going to use Bitcoin. Click onNext YoumayneedtoupdatesomedocumentsforKYC. Copy of Pancard Address proof (Driving license OR Aadhar card showing address OR Passport page showingaddress) Photo Passport page/Aadhar card showingphoto Afterverificationofthedocuments,youwillbeabletobuyBitcoins.Ifyouarenot interestedtobuynow,youcanusethewalletaddressinyourfuturetoo. In order to buy Bitcoins, funds must be added to your account with the helpof NEFT/RTGS/IMPS. On the left side, click Indian Rupee column and click ‘Deposit’. When you go to next page you can deposit any amount of funds Note the reference number, this is quiteimportant Once you get the reference number, add in the number and it will take some time before the funds make a reflection in youraccount. 10/17

11. You can also use Unocoin Android or iOS App to add or buy bitcoins. Purchase more if you needmore. Done? Well!! You are now an owner ofBitcoin 3.BuyuCoin BuyuCoin supports multiple cryptocurrencies like ARK, Bitcoin, Zcash, ETH and many more. This site can be considered if you are quite serious about selling Bitcoins and the minimum amount you can sell on this site is 0.002BTC. 4.Koinex Yet another cryptocurrency exchange in India to sell bitcoins. You can get your documents verified very quickly which is useful when signing up for the firsttime. 5.LocalBitcoins 11/17

12. If you wish to start a career in Bitcoin trading, then this is your best website. Sell bitcoins at any price here. If you buy and sell bitcoins here, it is your decision at which price it must be sold. Use any payment methods like PayTM or cash or NEFT or bank deposit to sell and it is for net-savvy individuals and it is very important that you must be alert while using the site to make the best benefits out of it. It is always better to work with other individuals who have high sales and reputation. If you start with utmost determination right from the first day, then you can surely achieve highreputation. 6.Zebpay This is yet another good trading website. It allows you to recharge your mobile with Bitcoin or Zebpay and the company is based out in Ahmedabad, India. Zebpay was known as BuySellBitco earlier and you can transact in bits and also you can get vouchers for stores like Amazon, Flipkart, Cafe Coffe Day, Pizza Hutetc. They have both Android and iOSapp. 7.Koinex This is new site but definitely they have earned dignity over here. Koinex provides trading in the cryptocurrencieslike: 12/17

13. ETH BTC BCH (Bitcoin cash) Litecoin Ripple The best thing about this site is you don’t have to wait for the money to get deposited. The initial KYC takes about 2 days and following that you can start trading the listed cryptocurrencies inKoinex. IscomparingBitcoinrateanessentialstep? This must be an inevitable step for those Indian looking to trade in Bitcoin. A site called BitcoinRates displays the present selling and buying price in India. By comparing the prices, you can rely on the best website for your futuretrading. Bitcoin will never end up without any benefits, rather it gets heated up in the coming years especially in Asiancountries. Buying Bitcoins withPaypal So are you interested to buy Bitcoins using Paypal? Since Bitcoins transactions are irreversible, there is no direct way to buy Bitcoins using PayPal. But there are many indirect ways to buy Bitcoins that has been used by the usersworldwide. Here are some ways to purchase Bitcoins by PayPal. Localbitcoins Localbitcoins is yet another marketplace where you can buy Bitcoin utilizing PayPal. In any case, you should be watchful while picking the dealer. Click on merchant name to check his volume of trade. This will give you a smart thought of how trustworthy the vendoris. PaxFul This is another famous route for clients like you and me to buy Bitcoins utilizing PayPal, Payoneer, Skrill, Gift cards to give some examples. This one is like Localbitcoins yet with cleaner UI. Paxful is posting and escrow benefit for merchants to tradeon. You require a verified USA Paypal account. PayPal grants verified accounts if you connect your bank, debit card and upload id. Merchants will likewise request ID for themselves before enabling the acceptance of yourPayPal. 13/17

14. Wirexapp If you want to buy Bitcoins on a consistent basis using PayPal, then you are on the right place. Initially it may take a couple of days, but after that the procedure is easy and instant. The countries involved in using Wirexapp are Bahamas, Botswana, Bulgaria, Chile, Bahrain, Croatia, Georgia, Gibraltar, Honduras, Iceland, Indonesia, Estonia, Italy, Kazakhstan, Latvia, Lesotho, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mauritius, Moldova, Morocco, Mozambique, Jordan, Oman, Philippines, Romania, San Marino, Saudi Arabia, Senegal, Serbia, Slovakia, Slovenia, United Arab Emirates andUruguay As all other sites, you need to create an account with Wirexapp and get free virtual visa card. Now login to your account and add a card option must be clicked. Confirm the new card and PayPal will verify the account and ask you to enter a PayPalcode. After logging in to Wirexapp account verify your debit card using confirmation code. Usually it takes a week and now you can start purchasing Bitcoins at market rate. All other methods cost you more for purchasingbitcoin. Virwox UtilizingVirWoxtobuyBitcoinsutilizingPayPal: This is the most prominent method for obtaining Bitcoins utilizing PayPal. Simply take after the steps specified and you will have Bitcoin withyou. Make a free ccount onVirWox On the following page fill the registrationform. Enact your account by clicking on the verification sent to youremail. Login to Virworx site and click on Deposit to begin including cash utilizingPayPal. On the deposit page, look down to the PayPal express checkout section and select the sumthatyouwishto deposit.YoucanseemaximumallowedUSD andEuro. On the following page, you will get the affirmation of yourdeposit. Purchase SLL with Depositedsum: Click on USD/SLL under exchange and purchase SLL with your saved sum. Click place order and your request will be satisfiedquickly. Purchase BTC withSLL: Up until now, you have just bought SLL utilizing PayPal cash. Presently, it’s an ideal opportunity to exchange SLL for BTC. Under exchange, go toBTC/SLL. Confirm yourorder. Presently, it’s the best opportunity for you to pull back your Bitcoins into a walletaddress. 14/17

15. There are different courses too by which you can utilize PayPal to Purchase bitcoins however they are not as challenge free as one offered byVirWox. InstanttradingforBitcoinsinAmazongiftcards ItisthroughThePursewhichisaSanFrancisco-basedorganization,rightin thesiliconvalley. The procedure is entirely simple as you will trade your Amazon gift voucher cash consequently of Bitcoin. Step by step instructions to buy bitcoins with Amazon gift voucher atPurse Tobeginwiththis,yourequiretwothings: A Purseaccount Amazon account (You can utilize existing gift voucher or you can likewise utilize some other strategy to load cash to youraccount). The Purse is a marketplace which associates Amazon customers to clients with Amazon gift vouchers. In addition, if you are want to simply begin and need to purchase Bitcoin for a less amount, utilizing gift voucher is a simple way. Despite the fact that if you wish to purchase Bitcoin in the bigger sum, you ought to rather utilize different strategies like real money to buyBitcoin. Let’shaveaquickreviewontradingAmazongiftcardsfor Bitcoins Sign in to your Purse account and click on get bitcoin at thetop. This will take you to a page where you can see numerous customers from Amazon who have displayed their list of things to get and you can sort it in light of few factors, for example,Country. Click on the value that you wish to spend and BTC TOTAL will demonstrate to you the amount Bitcoin you wouldbuy. Click on accept offer and this wouldtake you to the Amazon site. When you acknowledge the offer, you have around one hour to finish theoffer. Click on purchase list of things to get and it would take you to the Amazonsite. You should simply complete the order and duplicate the order ID back. Once the order is conveyed to the customer and he affirms it, the cash will be credited to your account. You will likewise get an email from Purse with respect to your continuous trade. You can utilize the link on the email to see the status of yourtrade. 15/17

16. You can utilize earned Bitcoin to purchase a considerable measure of stuff the same number of online services acknowledgeBitcoin. Herearesomemoretipsforthebeginner: Coinimal: Use this site to trade your Amazon gift voucher for Bitcoin. For Europian clients. Coinbase: Use this to purchase Bitcoin utilizing Fiatcash. ConvertBitcoinstoanyotherAltcoins(eg:Ethereum) Bitcoin is unquestionably a good savings but you ought to likewise realize that there are different cryptographic forms ofmoney. It’s savvy to likewise put resources into different cryptographic forms of money like Ethereum andLitecoin. ConvertBitcoinstoEthereuminstantlyusingChangelly Changelly is a completely fledge stage that let you change over any cryptographic money into some other. For instance, for this situation we have 1 BTC and we need to change over it into Ethereum. With Changelly, this should be possibleimmediately. Hereisthemannerbywhichtobegin: Take Changellysite Select BTC and ETHPair Click on next and on the following page you will get the details of thetransaction. Do note, Changelly would expect you to make an account utilizing email address. This is something worth being thankful for as you can whenever login to your Changelly account in future and see every one of yourconversions. Click next and enter your Ethereum wallet address where you need to get the convertedEther. Cick on next and on this page you will see the details of the conversions you are making. In the case of everything looks alright, click confirm and payit. On the following page you will see the QR code and the Bitcoin Wallet address in which you have to send the BTC to change over it into ETH. While paying you can close the tab as you will get email when everything isfinished. 16/17

17. HowquicklycanyouexchangecryptocurrencywithShapeshift? Like Changelly, Shapeshift is a money swapping site which does a certain something: Allows clients to trade amongst Bitcoin and differentcryptocurrencies. So suppose you need to trade Bitcoin forEthereum. You require only twothings: Bitcoin Ethereum walletaddress If you are changing over to something unique separated from Etherium, you simply need to know the wallet address where you get the convertedmoney. If you don’t have an Ethereum wallet address, you can sign up to Coinbase and get an Ethereum walletaddress. When you have satisfied the two prerequisites, go toShapeshift.io. Select Bitcoin in Deposit and (any cryptocurrency or Ethereum) in Receive under the “Choose Which Coins to Trade”choice. Click on Continue. This is the place you have to include your Ethereum wallet address and yourBitcoin address. The Bitcoin wallet address isn’t important, however it’s helpful if a discount should bemade. When you have entered the sum and your wallet address, click on Start Transaction. On the following page, you will get the address to send itto. Mostly, it takes around 30-60 seconds for this exchange to happen and you will see a win screen that implies that Bitcoin has been effectively changed over into Ethereum or any cryptocurrency of your choice and it has been exchanged to your Ethereum wallet address. The Ethereum wallet in your Coinbase account will demonstrate the new sum, however it will be in a ‘Pending’ state for around 30 minutes until is it confirmed by thenetwork. You can take after a similar manual for change over Bitcoin into Nubits, Peercoin, Omni, Monacoin, or some otheraltcoins. Conclusion Cryptocurrency is not going to get faded away soon. So far, 2017 has been the great year for digital assets. The last few months of 2017 has witnessed an exponential increase in demand as $100Bn was added to the economy in just 20+ days. Just get focused and choose the right website for yourtrading. 17/17