What is Bitcoin?
Bitcoin exchange is a new system of money for the internet that works on the idea of digital currency. It initializes the peer to related to someone within a similar age group or academic field payment system for people having no central authority. A new idea of crypto currency is used that was, at first, introduced in 1998. the science of making secret codes controls the creation and transactions of digital money. Bitcoin works through a software system and does not have any central controlling authority so it is equally managed and controlled by its users around the globe.
Becoming very hard :
After you get the knowledge of the origin of every single bitcoin, which is based on a mining process, you’ll believe that the best way to convert 1 btc to inr is by joining this mining process. The thing is that, this has become very very hard, because the fast quality of being liked a lot or done a lot grow of the crypto currency.
Sell products or services :
Every single bitcoin comes as the result of a previous transaction. So, the way to get them, when you don’t have any, is by receiving a transaction from someone else, when you buy them using cash or also by mining new bitcoins.
When you know an individual who uses bitcoins, you can ask them to convert from 1 btc to inr. In case you don’t know anyone who groups of armed men theme, you can get bitcoins by offering another kind of transaction with just another bitcoin user, resulting in you getting paid in bitcoins. The different option is by mining them yourself.