What is BitCoin?

The first digital currency ever known to the world is BITCOIN. It could be the future of ecommerce as it is paving a way for virtual money.

Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.Without any intermeMember like bank or paypal, Bitcoins can be transferred online at a faster rate, with no requirement of personal details that are otherwise required.

How does Bitcoin work?

Since, Bitcoins are operated without the involvement of bank, agency or government no one can take away your money from you. The currency is decentralized and thus you own it completely. For those who lack trust in the banking system or third party payment, it’s a huge benefit. A transaction through Bitcoins is signed digitally and hence completely secured.

From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send and receive bitcoins with them. This is how Bitcoin works for most users.

Additionally, software is an open source making Bitcoin network completely transparent.

BitCoin is the first truly international currency that can be used anywhere in the world.

Bitcoin Value

Bitcoins have value because they are useful as a form of money. Bitcoin has the characteristics of money (durability, portability, fungibility, scarcity, divisibility, and recognizability) based on the properties of mathematics rather than relying on physical properties (like gold and silver) or trust in central authorities (like fiat currencies). In short, Bitcoin is backed by mathematics. With these attributes, all that is required for a form of money to hold value is trust and adoption.

In the case of Bitcoin, this can be measured by its growing base of users, merchants, and startups. As with all currency, bitcoin's value comes only and directly from people willing to accept them as payment.


Easily buy bitcoin with INR from any online banking or through NEFT/RTGS. Selling bitcoin is just as easy, you will receive INR directly into your bank account. All banks that have IFSC are currently supported.

All banks that have IFSC are currently supported.