What is CryptoCurrency in Hindi: Internet You must have heard about cryptocurrencies through this. but do you know What is cryptocurrency and how does it work, when was cryptocurrency invented, how to invest in cryptocurrency, how to earn money from cryptocurrency, what are the advantages and disadvantages of cryptocurrency and what will be the future of cryptocurrency in India.
If similar questions keep coming in your mind about cryptocurrencies, then through this article of today we will try to answer your questions.
Cryptocurrency is a digital currency that we cannot touch, hold or Bank Or can’t hide in safes. We can keep cryptocurrencies in our digital wallet and do online transactions as well as in cryptocurrencies. trading can also do.
Many experts say that cryptocurrencies will be used permanently in the future, and many say that cryptocurrencies have no future. For this reason, cryptocurrencies are considered illegal in many countries of the world, so cryptocurrency has been legalized in many countries. India is also in the list of countries where cryptocurrency is legal.
To get detailed information about cryptocurrencies, read this article till the end. So let’s start today’s article without any delay – what is crypto currency in hindi,
What is Currency (What is Currency in Hindi)
A currency is a money system that is recognized by a country and has a value. Currency is used as money by the people of that country, people can buy things using currency.
Currency is called currency in Hindi. Nowadays almost all the countries have their own currency like India’s currency is Rupee and America’s dollar similarly other countries also have different currency.
Currency is printed on paper or metal pieces (coins). Currency is in physical form, meaning we can touch it, keep it with us. That’s why currency is also called physical currency. But cryptocurrency is very different from this.
What is cryptocurrency and how does it work (Cryptocurrency in Hindi)
cryptocurrency is a digital currency computer is built on the algorithm of . It is a digital asset through which you can buy things online. Cryptocurrency is an independent currency, being decentralized, it is not owned by anyone nor does the government of any country in the world have authority in cryptocurrency. Cryptocurrencies work as a peer to peer electronic system by which we buy a service or a good through the Internet. No bank or government permission is required to use cryptocurrencies.
Being in digital form, we cannot touch the cryptocurrency nor can we keep it with us in physical form. Through cryptocurrencies, people can shop online as well as trade in crypto.
Technically speaking cryptocurrency Blockchain Technology It is a virtual currency based on cryptography which is secured by cryptography. Cryptocurrency is also known by the names of Digital Currency, Virtual Currency or Electronic Currency.
History of Cryptocurrency
Cryptocurrency was started in 2009 whose name is bitcoin was. Bitcoin was created by Japanese engineer Satoshi Nakamoto. Initially it was not so popular, but gradually the rates of cryptocurrencies started increasing very high and seeing the cryptocurrency became very expensive, after which people’s attention went to cryptocurrencies and people started investing in it.
In 2009 the value of cryptocurrency was 1 rupee but today 45 lakhs is the value of 1 bitcoin. Initially, cryptocurrency was made illegal, but gradually seeing the popularity of cryptocurrency, some countries made it legal. There are still many countries where cryptocurrency is illegal. Talking about India, cryptocurrency is completely legal here.
Names of some major cryptocurrencies
Although there are hundreds of cryptocurrencies out there, some of the major cryptocurrencies that are performing well are listed below –
- Shiba Enu (Shiba Coin)
Advantages of Cryptocurrency
There are many benefits of cryptocurrencies, some of which we have mentioned in the article –
- Cryptocurrency is a digital currency, the possibility of fraud in it is very less.
- Cryptocurrency is not available in physical form, we cannot keep it in vault or bank, due to which cryptocurrency is not likely to be stolen, mutilated or lost.
- Trading in cryptocurrencies is very easy. You can earn good money by trading in cryptocurrencies.
- Investing in cryptocurrencies is a good option, as its prices tend to fluctuate rapidly.
- Cryptocurrencies are not operated by any bank, government or country. It is a free currency.
- Cryptocurrency is very secure because Cryptography Algorithm has been used in it.
Disadvantage of Cryptocurrency in Hindi
Due to the many advantages of cryptocurrency, it also has some disadvantages which are mentioned below –
- Cryptocurrency is a digital currency, so there is a risk of hacking in it. Ethereum This has happened with
- Cryptocurrency is not under the control of any country, so its prices keep fluctuating unexpectedly.
- There is no option to reverse the cryptocurrency once the transaction is done.
- Some skeptical minded people can use cryptocurrencies for illegal purposes such as buying weapons, drugs etc.
How To Make Money With Cryptocurrency (Cryptocurrency Se Paise Kaise Kamaye)
Following are some of the major ways to earn money from cryptocurrency –
1 – Earn money by trading cryptocurrencies
Trading is the best way to earn money from cryptocurrencies. You can earn good money by trading in cryptocurrencies. You can buy and hold cryptocurrencies until the price of cryptocurrencies increases. And when the price of cryptocurrencies increases, then you can earn good profit by selling crypto.
The price of cryptocurrencies fluctuates unexpectedly, so the crypto you are buying today for 10 rupees can be worth 10 thousand or 1 lakh or even more after a year or two.
2 – Earn money by stacking cryptocurrencies
cryptocurrency stacking You can also earn good money through this. But many people do not know about Staking. the way we are in the bank FD In which we deposit money once for a certain period of time, and when we withdraw money from FD, we get that money with interest.
Similarly there is cryptocurrency Staking, we can keep the crypto we bought by stacking it in some place and we will keep getting interest as long as we keep the crypto stacked. In this way you can earn money from Crypto Staking.
However, not every crypto has the feature of Staking, so whenever you want to do Crypto Staking, check once whether the cryptocurrency you buy has the feature of Staking or not.
How to Invest in Crypto Currency (Invest Crypto In Hindi)
cryptocurrency trading Best Crypto Exchange or peer to peer Network Happens on To invest in cryptocurrencies, you have to choose a right platform and in that platform email id You have to create your account through, and your account KYC have to be completed.
After that you can invest in cryptocurrencies. You can select a best currency by doing research. The returns in cryptocurrencies are very good. But there is also an unexpected fall in its prices, due to which there is also a risk of losing money, so it is important to research well before investing in cryptocurrencies.
Best Platform Application to Invest in Cryptocurrencies in India
Best Crypto App Platforms are available to invest in cryptocurrencies in India. But we have suggested some reliable platforms below by which you can invest in hundreds of cryptocurrencies –
future of cryptocurrencies in india
Cryptocurrency has been legalized in India. Many platforms are also present in India to invest in cryptocurrencies. And many people are also investing in cryptocurrencies.
Talking about the future of cryptocurrencies in India, looking at the present time, it seems that a large number of people will invest in cryptocurrencies going forward. Many experts believe that cryptocurrencies are the currency of the future. In future people will use cryptocurrencies in place of physical currency.
Uncertain fluctuations are also seen in the prices of cryptocurrencies, due to which nothing can be said whether the value of cryptocurrencies will increase or decrease in the future.
FAQ: Cryptocurrency FAQs
Yes cryptocurrency is completely legal in India. However, cryptocurrency is considered illegal in many countries of the world. But right now it is completely legal in India, you can invest in cryptocurrencies.
Cryptocurrency was created in 2009 by a Japanese engineer named Satoshi Nakamoto.
To trade in cryptocurrencies, first you have to choose a platform and you have to do KYC by creating your account through Gmail ID. After this you can trade in cryptocurrencies.
Bitcoin comes first in the list of best cryptocurrencies, whose prices have increased tremendously in the last few years.
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Last words: what is crypto currency in Hindi
In this article we have What is Cryptocurrency In Hindi So that you can learn about the basics of cryptocurrencies, if you are also thinking of investing in cryptocurrencies, then this can be a good option for you. Because many big industrialists of the world are also considering cryptocurrencies as the currency of the future.
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