Bitcoin is not a real currency but a cryptocurreny or digital currency but not backed by the central government. You can buy bitcoin using your money and every transactions are maintained and new units of currency are generated by the computational solution of mathematical problems. Bitcoin is not a physical currency like rupee, a dollar, euro or pound. Ledgers known as blockchains are used to keep track of the existence of bitcoin. This enables the transaction to be safe and secure.


Installing a bitcoin wallet to on your computer or mobile phone, which will generate your first Bitcoin address and later you can create more as an when required.

Step 2: Create an account with cryptocurrency exchanges as per your wallet provider. Cryptocurrency exchanges is nothing unique but a market where buyers and sellers trade cryptocurrencies in exchange for fiat money or other digital currencies.

Step 3: Verify your identity through KYC, mobile number and set up a code. Add your bank account details.

Step 4: Add money to the wallet and now you can buy Bitcoins. Every exchange has set up a minimum limit of the amount that has to deposited into your exchange account. Now You can start buying and selling bitcoins on exchange.

Step 5: Withdrawal of bitcoins is optional as per your requirement. All you need to do is to sell the bitcoins you hold. Your wallet will reflect the amount you sold the bitcoins, now your bank account. After deducting the liable tax on the amount of profit your bank account will also reflect the amount, which can be used as per your preference.

So you can easily invest in bitcoin by installing the bitcoin wallet and creating an account with cryptocurrency exchanges. I hope I have answered your question. Happy investing!