Where to Buy Bitcoin in India in 2024?

Cryptocurrencies like Bitcoin (BTC) came about to address issues with limited access to traditional banking services. Over the last decade, they've become incredibly popular, changing how we manage money. Today, Bitcoin remains relevant, offering a secure and global way to store value. In this guide, we'll explore how to buy Bitcoin, where to buy it, and the minimum price of Bitcoin in India.

What is Bitcoin (BTC)?

Bitcoin (BTC) is the first and largest cryptocurrency, created in 2009 by an anonymous figure known as Satoshi Nakamoto. It enables direct transactions without intermediaries, prioritizing security and transparency. Owners hold digital assets recorded on a public ledger called the blockchain, with transactions verified using cryptographic protocols. Its open-source nature fosters innovation by allowing developers to build applications on its network.

Here are some reasons to why buy bitcoin

1. Bitcoin has the largest market capitalization among all digital currencies worldwide.
2. Being the pioneer cryptocurrency, Bitcoin holds dominance and prominence in the crypto market.
3. Bitcoin's supply is finite, which adds to its value proposition.
4. Bitcoin serves as a hedge against substantial price swings and inflation.

As of February 2024, Bitcoin's total supply remains capped at 21 million tokens, with nearly 93% of them, approximately 19.6 million tokens, already mined. This scarcity adds to Bitcoin's value perception and its potential for long-term investment growth.

Where to Buy Bitcoin in India?

When looking to buy Bitcoin in India, investors have numerous exchange platforms to choose from. One such option is Koinpark, which is registered with the FIU as a global cryptocurrency exchange in India. These exchanges allow you to purchase bitcoins at the prevailing market rate. 

Koinpark, a cryptocurrency exchange platform, provides top-rated crypto trading apps that are downloadable and compatible with both Android and iOS devices. 

Before beginning to trade bitcoin, investors must complete a basic KYC (Know Your Customer) process. This requires them to have a PAN card linked to their bank accounts, as it is a mandatory requirement.

Conclusion

In summary, Bitcoin provides a secure and globally accessible means to store value, transforming financial transactions. Platforms like Kinopark recognized as the Best exchange platform to buy Bitcoin, offer straightforward access to Bitcoin trading via intuitive apps. Completion of the basic KYC process is mandatory before investing. Given Bitcoin's dominance and its potential as a hedge against inflation, there's no better time than now to delve into its advantages and embrace the digital currency revolution.