[2022] How To Buy Bitcoin From CoinSwitch Kuber?

Bitcoin is a fast becoming popular name these days all over the world including India. The reason for this is that the people who invest in it benefit rapidly. In many cases, it has also been seen that the money of people investing in Bitcoin has increased manifold. Due to which they have become garlands overnight.

In such a situation, if you also want to invest in Bitcoin, then read this post of ours till the end. In this post, we will tell you how to buy bitcoin sitting at home. Also, what are the things you should keep in mind while investing to get more benefits.

What is bitcoin?

“How to Buy Bitcoin?” Before you know this, let us once briefly know what is Bitcoin. In this, first of all you should know that Bitcoin is a Cryptocurrency which we cannot see with our hands. However, you do not need to be worried about this at all. It is as safe as a paper note in your hand.

Through this you can transact in those countries where it is recognized. Just like you pay someone online with your phone. But its cost is very high. If we talk about 1 Bitcoin, then it is around 30 to 35 lakhs in India’s currency. This price is constantly changing. Let us now know how to buy bitcoin?

How to buy bitcoin?

The way to buy bitcoin is quite simple. You just need to invest in it a little carefully. So that you do not have to worry in any way later. There are many applications available on the Play store to buy it, you can create your account on any of them.

After this you can invest in bitcoin as much as you want. You can pay this money through any medium online. To invest in this, it is very important to know what is going on in the world these days. Because with this you can guess at what time you will gain and at what time you will lose.

What are the Government of India’s rules on Bitcoin?

If we talk about the rules of the Government of India on Bitcoin, then you do not need to panic at all. Because when the budget was presented in Parliament in February 2022, the government made it clear that it does not intend to ban bitcoin at all. But if someone invests in Bitcoin, then the Government of India will take full account of the money received from them.

Also, if someone benefits from investing in Bitcoin, then 30 percent of his profit will also have to be paid to the Government of India in the form of tax. After which it was also seen that people had reduced their investment in Bitcoin for fear of 30 percent tax. But now it has become normal again.Coin switch How to buy bitcoin with Kuber App?

CoinSwitch How to buy bitcoin with Kuber App?

  • First of all, you go to the play store of your phone and search here ‘Coin switch Kuber’, download it in your phone. Through this application you can invest in more than a hundred Cryptocurrency. Which are present in the world these days.
  • As soon as you open the Coin switch Kuber in your phone, your phone number will be asked, you fill it. Now an OTP will be sent to that number. After this you will be asked to create a Pin which you will have to make of four characters. When you open the application again, you will have to fill this PIN first. So make a pin that is easy for you but difficult for others.
  • Now you will first need to create an account in Coin Switch Kuber. For this, you have to click on the Profile visible on the home screen. In which you will need some important documents. Whose names we will tell you further.
  • If you invest money through this application, then you have to first deposit money in the wallet of this application. Only then can you invest your money anywhere.
  • To deposit money in your wallet, you have to click on the Port Folio shown at the bottom. You can put at least 100 rupees in the wallet of this application. So keep your money above it.
  • Now a new page will open in front of you, in which first you have to fill how much money you want to deposit in your wallet. After this, many options of online payment will come. You can transfer money from whomever you want. As soon as the money comes in the Wallet, you will start seeing it.
  • Now you click on Market appearing at the bottom. By clicking here, many Cryptocurrency will open in front of you. Now write Bitcoin in the search bar appearing at the top. After this, Bitcoin will be visible directly in front of you. You click on it.
  • Now you will go to a different page today where the current rate of your Bitcoin will be displayed. Also a graph will appear below in which you can see the price of last one week to one year. This will make it easier for you to understand where is the trend of Bitcoin at the moment.
  • Now you have to click on Buy visible at the bottom. By clicking here, a page will come in front of you in which you want to buy bitcoin for how much money, enter that money. In this, you will see written on the top that if you click here ‘Instant’, then three options will open in front of you, in which the first will be ‘Instant order’ which means you want to buy Bitcoin now.
  • Whereas the second is ‘Limit order’ which means that you fix a rate of Bitcoin. When Bitcoin reaches that rate, it will automatically be bought. You will not have to watch it again and again. Whereas the third option ‘RBP’ means that if you want someone to buy your Bitcoin on a certain date of every month. So whatever money you set here, the amount of bitcoin will be automatically bought on that date of every month.
  • Now if you want to buy bitcoin immediately, then fill your money and click on ‘Preview Buy’. In whatever money you have filled here, you will start seeing how much bitcoin will be given to you. Which will be in Point. Because to take a bitcoin, you have to pay 30 to 35 lakh rupees.
  • If everything seems right to you, then you can click on Buy shown below. After this, BTC Bought will be written in front of you which means you have bought Bitcoin.
  • Now if you want to see your bitcoin, then click on port folio in Coin switch Kuber application. Here you will start seeing how much money is currently in your wallet, as well as how much bitcoin you have purchased and what is its value currently.

How To Sell Bitcoin?

  • For this, first you have to come to your port folio where you will see how much bitcoin you have bought now. To sell you click on Bitcoin. Now you will see Buy and Sell written in front of you, in which you click on Sell.
  • After this, the option will come in front of you in which you will have to fill in how much bitcoin you want to sell. The special thing is that the way you had filled the money while buying, here you have to fill it in percentage. Which you can choose between 25, 50 and 100 percent. That is, if you choose 50 percent, then 50 percent of the bitcoin you have bought will be sold. Now click on Preview sell.
  • As soon as you click on Preview sell, it will be written in front of you that if you sell so much bitcoin, then how much money you will get for it. Which will be according to the rate of Bitcoin at that time. If you think everything is right, then click on sell shown below.
  • Now BTC sold will be written in front of you which means that your Bitcoin has been sold. Its money will come in your Wallet. Which you can see by going to Port Folio. From here you can transfer your money to your bank account as well.
  • If you want to see History, then on the page of Port folio you will see written above. As soon as you click there, you will have to go to History. Here you will see when you bought and sold bitcoin. Also, how much profit and how much loss did you make in it?

Documents Required for Kuber Coin Switch

  • Your Aadhar Card.
  • Pan Card.
  • Bank account.
  • Email ID.
  • phone number.

Keep these things in mind while investing in Bitcoin

  • Whenever you invest in Bitcoin, always keep in mind that you do not do it through anyone else. Whatever medium you are investing in, your account should be created on it.
  • If you are starting out while investing in Bitcoin, then keep in mind that always start with a little money. So that you get an idea of ​​its market.
  • Invest in Bitcoin, do not fall under anyone’s delusion. For this it is important that you must see the rate of Bitcoin in the last few days of the day you are going to invest. If you think that Bitcoin is going up then you must invest in it.
  • If you are investing in Bitcoin, then you have to tie one thing that you cannot get good investment in it in ten days. For this, at least you have to invest money for a couple of years. The more you increase this time, the more you will benefit.
  • This investment market is very risky, so you should never invest all the money in one place. For example, if you have a hundred rupees, then you invest 20-20 rupees in five places. So that all the loss never happens to you at once.
  • If we talk about fluctuations in the price of Bitcoin, then demand and supply have the biggest impact on it. That is, when more people invest money in it, then its value increases and when people simultaneously start withdrawing money from it, then its value falls significantly. In which if you invest money, then you will benefit later.
  • Bitcoin completely depends on the market. In such a situation, many people earn and lose money from it. Therefore, before investing money here, you should never sit thinking that you will benefit. This can prove to be harmful for you.

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