The most happening topic these days is cryptocurrency .
This blog is to aware you of the same topic.
Cryptocurrency is basically a digital asset designed to work as a medium of exchange wherein individual coin are stored through ledgers .
The highest cc as of today is bitcoin .
1 bitcoin costs around $33521 us dollars and 24,96,932.73 indian rupees
Bitcoin is a decentralised digital currency without central bank .
Now I will share some questions regarding cryptocurrency and bitcoin.
Q is cc legal?
A... yes ,except for countries like china and Russia.
Q is cc printed like cash ?
A... no ,cc is not published or printed but they can be converted into cash ( which is printable).
Q does cc have benefits ?
A .....yes, like the
transaction cost being low .,
No limits on purchases and withdrawls ,
Available any tym and many ,
Accessible easily and other .
Q does cc have disadvantages ?
A...Just like pros it has cons such as
Volatility i.e, value keeps changing,
Online hacking,
Limited use etc....
Q who invented bitcoin?
A ....satoshi nakamoto he owns one million bitcoins.
Q do we have to pay taxes for bitcoin profits ?
A... as bitcoins are long term a 20 percent tax is collected as indexation benefit
Q can we expect cc in banks ?
A ...no in 2018 rbi banned banks from supporting crypto after cases of fraud through virtual currencies reported
Q is bitcoin banned in india ?
A.... not as 0f now but shortly government may introduce cryptocurrency and regulation of digital currency bill 2021 to ban private cryptocurrencies
Q can i invest 1000 in bitcoin?
A ....yes any one can buy even a fraction of bitcoin i.e, from 100 or 1000
Q what. Are the famous bitcoin wallets in india ?
A.... bit coin mobile wallet
Web bitcoin wallet
Desktop bitcoin wallet
Hardware bitcoin wallet and other such
So people, this is my 1 st blog
I did quiet some research to bring this together .
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Wonderful blog pinky 😁❤️