How I made 3 Lacs from 50K within a month
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Bitcoin is subject to market risk therefore do proper research in the technology before investing in bitcoins. You can buy Bitcoin online in India using bank transfer, debit card or internet banking.
India has quite a few exchanges where you can buy and sell Bitcoin, here were top 3 picks but now I have a new favorite: All of the exchanges require you to be KYC compliant and you have to share your pan card and proof of address. The verification with Zebpay is supposed to take 3 days but mine was done in less than 12 hours.
Recently I started using Koinex as well and I prefer it as it allows me to not only buy Bitcoin easily but also directly buy Ethereum, Litecoin, Ripple as well as Bitcoin Cash. Also if you check out Bitcoinrates. Instead of buying from an exchange you can buy Bitcoin in India from someone else and pay them directly.
The seller will demand the payment first and you would ask for the transfer of Bitcoin. Services like escrow can be useful here. Sites like Local Bitcoins make this process a little more secure with reviews. Bitcoin mining is a lot like a giant lottery where you compete with your mining hardware with everyone on the network to earn bitcoins.
Mining Bitcoin requires a lot of upfront cost in hardware and recurring expenses in electricity and other factors, many people find mining other alt coins more profitable.
Each exchange has a program like this where you can refer people and earn a percentage of the mining fee. If you freelance or work onlineyou can get paid in Bitcoin if your clients agree to it. This is highly dependent on the work you do and the client-freelancer relationship. I personally pay all my employees in Crypto like Bitcoin Cash or Litecoin. One great plus that used to exist in the past is that since Bitcoin were sold at a markup in India.
I'm Jeremy - I was born and raised in Goa. After turning 18 I realized that the world wasn't for me, so I dropped out of college and began traveling the world working on my laptop. I've been on the road since April and on this blog, I share my thoughts and ideas to help you do the same!
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About Me Hey, I was born and raised in India. After realizing that the rat race wasn't for me, I dropped out of college and I learned to build websites off Youtube and Google and began traveling the world building websites. In the background, I started this travel blog and grew it so I could stop freelancing. Read More About Me.
