In continuation to my post, Earn Money I realised that it is important to understand that how bitcoins can be purchased and invested in platforms that accept bitcoins and provide you interest over a period of time.
- UNOCOIN: UNOCOIN is one of the leading Bitcoin exchange. You can download its mobile application. They need KYC documents in order to verify your account. Once you verify your account, you can either transfer money from your bank account, or you can use Payu Money to transfer the money and purchase the bitcoins. Hence, the process is simple, first, you need to have money in your UNOCOIN account, once the money is there, you can then use the buy Bitcoin feature and purchase the bitcoins.
- Zebpay: Zebpay is another leading Bitcoin exchange in India. Again the same thing, you need to submit your KYC document before you start transferring the money and purchase the bitcoins. This is a mobile only application. Once mapped to your bank account, you can transfer the money (which generally takes 24 hours to reflect in your zebpay account).
- Jaxx: This is the mobile wallet I use for storing the bitcoins I withdraw from Control-Finance website. it is safe and secure to use. From this wallet, you can transfer your bitcoins to Unocoin or Zebpay and then convert in rupees and withdraw it to your bank account.
Hence, the process is pretty simple. In case of any confusion let me know, I will be glad to help you 🙂