Bitcoin (BTC) is the first decentralised digital currency or cryptocurrency as it works without a central repository or single administrator. It was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto and released as open-source software in 2009. Over the years it has gained a lot of value and was around $13000+ or approximately ₹ 11,00,000+ for 1 Bitcoin (BTC) in January ‘ 2018 and dropped down to less than ₹ 7,00,000 or $8000+ in February ‘ 2018. However the value of BTC is very volatile but the great thing with Bitcoins is that you can earn a fraction of a complete bitcoin unit in the form of satoshis which makes them a great income resource on the internet and you can earn money online with them.
1 Bitcoin(BTC) = 10000000 Satoshis OR 1 Satoshi = 0.00000001 BTC
In various countries like USA, UK and Australia bitcoins are considered as property or assets and Japan has classified bitcoins as a legal method of payment. In India they are currently being studied upon to be regulated & whether to classify them as a security or currency as RBI is very cautious of virtual currencies but due to the innovative and great technology of the virtual or cryptocurrencies they are very interested in them. Please check the below news articles to get the current status of Bitcoins in India :-
We will update with the latest news on the status of bitcoins in india
Bitcoin is considered as digital Gold and is obtained from mining. There are few ways to earn bitcoins for free and without investment by doing some work because the growing popularity of bitcoins is allowing merchants to pay in the form of this virtual currency. There are wallets to hold Bitcoins and you can save them in those wallets very easily and you can convert your bitcoins in Indian Rupees (INR) through Bitcoin Exchanges. We recommend you to use Coinsecure that provides Bitcoin(BTC) wallet and BTC ≅ INR(₹) exchange facility to Indians. Remember there are more Bitcoin exchanges in India that you can use to exchange BTC and INR but after studying their rates of conversions and facilities we have provided the best to you.
Click Here to Register/signup in Coinsecure. You have to SUBMIT KYC DETAILS after making an account. You can use the wallet and exchange services after that only. Please contact us if you need any help regarding Coinsecure. They also have an app to use their facilities.
How to earn Bitcoins for free and fast without investment in India ?
There are many sites/apps that claim to pay you in BTC but we have made a list of methods or sites/apps for you to earn bitcoins for free as per our experience. You can always receive BTC in your coinsecure wallet from these methods/sites/apps, send them to exchange for free, convert them to Indian Rupees and finally withdraw INR(₹) to your Bank Account.
Method 1: FreeBitCoIn website/app
Click Here to go to FreeBitCoIn website and make a free account.
After making a free account you can download their App also for smartphones to work smoothly. We have used it a lot to earn satoshis and withdrawn many times. Here you can earn Bitcoins by completing captcha work every hour as this site/app is run by bitcoin miners and they provide earning opportunity to all the bitcoin lovers every hour. You can also earn upto 50% referral commission for referring this site. They have a mining section and you can use your browser to earn satoshis but it is not seen as a great source in the long run on this site.
Here, you have to remember that activity is the most important thing to earn bitcoins as this site is run by bitcoin miners and they reward you for maximum activity and referrals apart from taking part in their mining through your browsers only
Method 2: BitForTip.Com Website/App
This is a platform where anyone can ask anything and an answer or solution provider is given a tip in the form of bitcoins. Learn more about them in this video presentation :-
Method 3: Freelancing Sites that pay in Bitcoins
There are many sites that pay Bitcoins in return of the work they provide you with. This can be any kind of engineering, designing, freelancing, marketing or developing of work. Some of these site are as follows :-
We are researching on more methods to earn bitcoins regularly in India and will update you with more methods that allow you to earn free bitcoins. However there are more methods like bitcoin mining and trading of cryptocurrencies that need an investment and you can check them out if you want. We recommend checking out Genesis mining if you want to know about BTC and other cryptocurrencies mining.
This was all we had to put on earning bitcoins & status of bitcoins in India. Please leave comments below with queries or suggestions if you have any to help our readers.