Bitcoin exchange launches fix apiionectar

Like Unocoin is a Bitcoin wallet, this one is Bitcoin exchange site. Like all other websites, you need to do KYC verification. The interface is not beginner friendly, but for experienced Bitcoin users, it offers lots of details within the dashboard. They recently launched Android app which makes it easier to do Bitcoin exchange in real time. They also have a dedicated YouTube channel for beginners to get started with CoinSecure. Create free CoinSecure account.

You can also recharge your mobile phone, DTH, and data card using Bitcoin. Once you are inside the app dashboard, you will see continuous activities from other members.

This one reminds me of the ticker feature of Facebook. Koinex is a new enterant in this list of Indian exchanges but definitely they earned a space over here.

Koinex offers trading in following cryptocurrencies:. The initial KYC takes about hours and after that you can start trading in above mentioned crypto on Koinex. Unocoin is the first website that I recommend you to get started with if you have never purchased Bitcoin before.

This is a more conservative approach to investing in bitcoin than spending all your money on Bitcoin at once. This technique allows you to commit to a fixed INR amount on Bitcoin on a regular schedule regardless of the price. This feature helps with financial discipline by averaging out your cost and thereby reducing risk resulting in generating better returns. At the time of writing, one can invest a maximum of up to 50K at once either in a daily, weekly, or monthly schedule.

How to purchase Bitcoin in India using Unocoin. Well, this is where LocalBitcoins comes into the picture. Here you can find a seller who wishes to sell Bitcoin using different payment modes including cash. In the below screenshot you can see the various options available for an Indian to buy Bitcoin.

LocalBitcoins is also popular for those who are looking to buy Bitcoin using PayPal. If you wish to buy Bitcoin via cash, make sure you do the transaction in a public place. If you are looking to sell Bitcoins in India at a higher price, this is a great choice for you. I like Unocoin for their simplicity but their pricing is certainly not the best.

Koinex is fairly new and I will be doing a detailed review of it in coming days. There is one more site which is on my radar: CoinDelta but it lacks volume right now. You can choose any of the listed websites based on your preferences.

For all those outside India, here is a guide to buying your first Bitcoin. Before we look at the current value of cryptocurrencies, one has to understand what usually drives the price of cryptocurrencies. These factors include but are not limited to the following:. Media reports over the years on Bitcoins have made both positive and negative impact on the price value of these digital currencies. Media outlets can manipulate the price of Bitcoins by influencing the perceptions of the ethereum value cad of people regarding Bitcoin investment.

Basically, when the media reports the positive aspects of investing the currency it can increase the value of cryptocurrency but when negative reports are passed to the general public it follows that the value of the currency reduces and as a result, there would be price fluctuation.

This is simply an economic factor. When demand for these currencies increases the value will rise but when there is less demand the price falls. Some countries see bitcoin as an asset while others categorize it as a currency. When there is constant supply a lot of people would want to invest in it with the impression that it must ethereum value cad value. A lot of energy is usually put in generating blockchains. The amount of energy used affects the value. It takes a certain amount of power to generate just one Bitcoin.

So as the difficulty increase so does the value. Investors can manipulate the prices of cryptocurrencies, most especially lesser ones by putting in a lot of capital to get the coins and promoting them in order to raise the value of the coins. When people see that investors are willing to put their funds into cryptocurrencies, it gives them a sense of ethereum value cad to buy into the investment and the demand increases, therefore, putting a value on the currencies.

This can affect the price especially when there are high tax regulations which make it detrimental for investors to hide their assets using cryptocurrency. If the country puts a value to this currency, it will definitely affect the price value. When cryptocurrency is accepted by the country legally by taking a step to recognizing it an official currency, it would also make the currency have value. When the currency is banned, it, in turn, reduces the value of the currency.

Bitcoin is the most ethereum value cad of all the other cryptocurrencies and so when the price rises or loses value, it would affect the value of other currencies. Litecoin is commonly known to always react to the fluctuating price of Bitcoin. In the same vein if the value of Bitcoin increases it would secure other currencies.