Here is the English translation of the explanation about BTC (Bitcoin):
What is BTC (Bitcoin)?
Bitcoin (BTC) is the first and most popular cryptocurrency in the world. It is a digital currency that is decentralized, meaning no government, bank, or company controls it.
What is Bitcoin used for?
Making online payments
Investment (like gold or stocks)
Crypto trading
Key Features of Bitcoin:
Blockchain Technology: Bitcoin uses a public ledger called a blockchain, where all transactions are recorded.
Limited Supply: Only 21 million bitcoins will ever exist, which increases its value over time.
Mining: New bitcoins are created through a process called "mining" using powerful computers to solve complex math problems.
High Volatility: Bitcoin prices can go up or down very quickly.
Example:
If you had bought 1 Bitcoin in January 2017, it cost about ₹70,000 (roughly $1,000). In 2021, the price of 1 BTC went above ₹50 lakhs (around $60,000).
How to Buy Bitcoin in India:
You can buy BTC through crypto exchanges like:
Binance
WazirX
CoinDCX
ZebPay
You’ll need a crypto wallet, KYC (ID verification), and a bank account to start.
If you'd like a step-by-step guide on how to buy and invest in Bitcoin safely, just let me know!