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cryptohind1news · 1 month ago

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Current Trends in Bitcoin to INR Exchange, जानें ये ट्रेंड्स

📈 वर्तमान समय में Current Trends in Bitcoin to INR एक्सचेंज रेट को देखते हुए, बिटकॉइन (BTC) की कीमत भारत में लगभग ₹8,853,319.33 बनी हुई है। बीते 24 घंटे में इसमें करीब 1% की हल्की बढ़त देखने को मिली है, जबकि पिछले एक हफ्ते की तुलना में इसकी कीमत लगभग स्थिर बनी हुई है। इसका मतलब है कि बिटकॉइन फिलहाल एक स्थिर ट्रेडिंग ज़ोन में है, जहां न तो ज़्यादा गिरावट दिख रही है और न ही कोई बड़ा उछाल।

🚀 ऑल-टाइम हाई से सिर्फ 5% नीचे 20 जनवरी 2025 को बिटकॉइन ने ₹9,327,533.91 का ऑल-टाइम हाई छुआ था। मौजूदा ��ीमत उस स्तर से सिर्फ 5% नीचे है, जो यह संकेत देती है कि अगर मार्केट में पॉजिटिव एनर्जी बनी रही, तो यह फिर से अपने उच्चतम स्तर की ओर बढ़ सकता है।

🪙 सप्लाई और मार्केट कैप बिटकॉइन की वर्तमान सर्कुलेटिंग सप्लाई 1.986 करोड़ (19,865,290 BTC) है, जो कि अधिकतम सप्लाई 2.1 करोड़ BTC का लगभग 95% है। इसका मतलब है कि अब बहुत कम बिटकॉइन माइनिंग के लिए उपलब्ध हैं। वर्तमान कीमत के आधार पर इसकी मार्केट कैप ₹175.97 ट्रिलियन है, जबकि पूरी संभावित सप्लाई के अनुसार “Fully Diluted Valuation” ₹186.03 ट्रिलियन तक पहुंच सकती है।

📊 ट्रेडिंग वॉल्यूम और मार्केट डोमिनेंस Coinbase के डेटा के अनुसार, बिटकॉइन का मार्केट डोमिनेंस 65% है, यानी कुल क्रिप्टो मार्केट में सबसे बड़ा हिस्सा BTC के पास है। पिछले 24 घंटों में इसका ट्रेडिंग वॉल्यूम ₹3.628 ट्रिलियन रहा, जबकि 7 दिन की औसत ₹5.022 ट्रिलियन थी, जिससे यह साफ है कि फिलहाल ट्रेडिंग में थोड़ी सुस्ती है।

📅 30 दिन का आंकड़ा देखें तो कुल ट्रेडिंग वॉल्यूम ₹131.164 ट्रिलियन रहा, यानी हर दिन औसतन ₹4.372 ट्रिलियन का ट्रेड हुआ है। इससे यह संकेत मिलता है कि निवेशकों की रुचि बनी हुई है, हालांकि ट्रेडिंग एक्टिविटी में उतार-चढ़ाव सामान्य है।

🔍 सर्च और ट्रेडिंग बिहेवियर पिछले हफ्ते BTC को 1.14 लाख बार सर्च किया गया, लेकिन बायर्स की संख्या में 37% और सेलर्स में 8% की गिरावट देखी गई। बीते 24 घंटों में कुल 86,195 BTC ट्रेड्स हुए, जो दर्शाता है कि फिलहाल मार्केट एक शांत और स्थिर फेज़ में है।

🌍 वैश्विक घटनाओं का असर अमेरिका और चीन के बीच व्यापार समझौते की घोषणा के बाद BTC की कीमत $105,000 तक पहुंची, लेकिन बाद में यह $101,000 से नीचे गिर गई। फिलहाल यह $104,000 के आस-पास स्थिर है। Bitwise के Matt Hougan का मानना है कि बढ़ती इंस्टीट्यूशनल डिमांड और घटती सप्लाई की वजह से बिटकॉइन 2025 के अंत तक $200,000 तक जा सकता है।

📈 इंस्टीट्यूशनल इन्वेस्टर्स की भूमिका Spot Bitcoin ETF को अमेरिका में मंजूरी मिलने के बाद बड़े पैमाने पर कैपिटल इनफ्लो हुआ है, जिससे बिटकॉइन की कीमत को सपोर्ट मिल रहा है। इस साल अनुमान है कि माइनर्स द्वारा सिर्फ 165,000 BTC का उत्पादन किया जाएगा।

🔗 अगर आप जानना चाहते हैं कि INR में Bitcoin कैसे ख��ीदें (How to Buy Bitcoin with INR), तो इस लिंक पर क्लिक करें, जहां आपको स्टेप बाय स्टेप पूरी जानकारी मिलेगी।

✅ निष्कर्ष बिटकॉइन फिलहाल साइडवेज़ मोड में है, लेकिन Current Trends in Bitcoin to INR Exchange को ध्यान में रखते हुए यह कहा जा सकता है कि इसकी मजबूत मार्केट पोजीशन और डोमिनेंस निवेशकों के भरोसे को बनाए रखे हुए हैं। यदि मार्केट में पॉजिटिव मूवमेंट्स जारी रहती हैं, ��ो यह जल्द ही अपने ऑल-टाइम हाई को दोबारा छू सकता है।

#Current Trends in Bitcoin to INR Exchange #How to Buy Bitcoin with INR #Bitcoin #BTC #How to buy Bitcoin

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upbblog · 6 days ago

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UPB: Crypto x UPI – India’s New Trend

India is undergoing a quiet financial revolution, and at the heart of this transformation lies a new concept that’s starting to gain momentum — UPB, which stands for Universal Payment Bridge or Universal Payment Bank (depending on the context). But what's really getting attention is how UPB is blending two powerful forces: Crypto and UPI (Unified Payments Interface).

What is UPB?

UPB is not a company or a government platform (yet), but rather a conceptual model or service layer that aims to bridge the gap between traditional digital payments and decentralized finance (DeFi). Think of UPB as the future where your crypto wallet can interact directly with your UPI-enabled bank account — fast, secure, and compliant with Indian regulations.

Why Does It Matter?

India is the global leader in real-time digital payments, thanks to the UPI system. UPI has made money transfers as easy as sending a message. Meanwhile, interest in cryptocurrencies like Bitcoin, Ethereum, and stablecoins is steadily growing among Indian users, especially the tech-savvy youth.

But there's always been a gap — how do you easily convert or use crypto in your everyday life without complex exchanges or high fees?

That’s where UPB comes in.

UPB: The Crypto x UPI Connection

Imagine the following:

You receive payments in USDT (a stablecoin).

Instead of using a crypto exchange, you simply use a UPB app that converts your USDT to INR and instantly sends it to your UPI-linked bank account.

Or you want to pay your rent using your Ethereum holdings — the UPB service does the conversion and sends the INR to your landlord via UPI.

This kind of hybrid bridge is already being piloted by some fintech startups, and it’s only a matter of time before it becomes mainstream.

Benefits of UPB

Real-Time Settlement: Thanks to UPI’s speed, crypto conversions can also happen instantly.

Lower Fees: Avoiding traditional exchanges reduces transaction costs.

Accessibility: Anyone with a phone and UPI access can now tap into the crypto ecosystem.

Compliance Ready: When done right, UPB services can operate within Indian financial laws.

Is This Legal in India?

Currently, crypto is not banned in India, but it is regulated cautiously. The government imposes taxes (like 30% on profits and 1% TDS), but hasn't made crypto illegal. As long as UPB platforms comply with KYC, AML, and taxation norms, they can legally operate within the fintech ecosystem.

The Future of UPB

We are witnessing the merging of two financial worlds — decentralized and centralized — in a way that benefits the end user. UPB services could power everything from gig economy payouts to cross-border remittances.

In the coming years, we could see:

Government-backed stablecoins (like digital rupee) integrating with UPB models

Crypto-friendly neobanks offering seamless UPI + crypto features

Broader public adoption beyond crypto enthusiasts

Final Thoughts

India has already revolutionized payments through UPI. Now, UPB — the fusion of Crypto and UPI — could be the next big leap in how we think about money, value, and financial freedom.

Whether you’re a crypto believer, a fintech founder, or just someone tired of juggling wallets and exchanges, UPB is a trend to watch closely.

#upb #universalpayment #upbbank #upbcoin #upbpay

#upbcryptoblog #upb #upbbank #binance #upbpay #upbcoin #upbtoken

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upbonline7 · 6 days ago

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UPB Crypto x UPI – India’s New Trend

What is UPB?

Why Does It Matter?

But there's always been a gap — how do you easily convert or use crypto in your everyday life without complex exchanges or high fees?

That’s where UPB comes in.

UPB: The Crypto x UPI Connection

Imagine the following:

You receive payments in USDT (a stablecoin).

Instead of using a crypto exchange, you simply use a UPB app that converts your USDT to INR and instantly sends it to your UPI-linked bank account.

Or you want to pay your rent using your Ethereum holdings — the UPB service does the conversion and sends the INR to your landlord via UPI.

This kind of hybrid bridge is already being piloted by some fintech startups, and it’s only a matter of time before it becomes mainstream.

Benefits of UPB

Real-Time Settlement: Thanks to UPI’s speed, crypto conversions can also happen instantly.

Lower Fees: Avoiding traditional exchanges reduces transaction costs.

Accessibility: Anyone with a phone and UPI access can now tap into the crypto ecosystem.

Compliance Ready: When done right, UPB services can operate within Indian financial laws.

Is This Legal in India?

The Future of UPB

In the coming years, we could see:

Government-backed stablecoins (like digital rupee) integrating with UPB models

Crypto-friendly neobanks offering seamless UPI + crypto features

Broader public adoption beyond crypto enthusiasts

Final Thoughts

India has already revolutionized payments through UPI. Now, UPB — the fusion of Crypto and UPI — could be the next big leap in how we think about money, value, and financial freedom.

Whether you’re a crypto believer, a fintech founder, or just someone tired of juggling wallets and exchanges, UPB is a trend to watch closely.

#upb coin #universal payment bank #upb #crypto bank #upb crypto bank #upb token #upb blockchain

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unitconvertercalculatortool · 1 month ago

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Currency Converter Calculator: Simplifying Global Transactions

In a hyper-connected global economy, managing currency differences is no longer an issue limited to banks and financial institutions. From digital nomads and online shoppers to travelers and remote workers, real-time currency conversion has become a necessity for everyday life. This is where a smart and accurate currency converter calculator becomes indispensable.

Whether you're booking international flights, making online purchases in foreign currencies, or managing investments across different economies, the right currency converter calculator offers the clarity and precision required to make informed decisions—without confusion or miscalculation.

🔽 Download the Unit Converter Calculator Tool on Google Play

👉 https://play.google.com/store/apps/details?id=e.sk.unitconverter Your all-in-one tool for real-time currency conversion, unit measurement, and more.

The Role of a Currency Converter Calculator in Today’s Economy

The foreign exchange market (Forex) sees trillions of dollars traded daily. Exchange rates fluctuate by the second, driven by geopolitical changes, inflation, interest rates, and economic policies. A single miscalculation could result in significant loss, especially when dealing with large sums or recurring transactions.

This is why relying on a reliable currency converter calculator is not just convenient—it’s vital.

🔍 Key Benefits of a Digital Currency Converter:

Real-Time Exchange Rates A reliable app fetches the most current rates from authoritative sources, ensuring you’re not using outdated or inaccurate data.

Multiple Currency Support Converting between USD, EUR, GBP, JPY, INR, AED, or even cryptocurrencies like BTC or ETH is effortless when using the right tool.

User-Friendly Interface A clean design lets users make quick conversions without a steep learning curve.

Offline Access Top-tier converters save the last updated rates so users can still get approximate results even without internet access.

Introducing the Unit Converter Calculator Tool

Available now for download on Google Play, the Unit Converter Calculator Tool is more than just a unit conversion app—it’s also a powerful currency converter calculator.

✅ Features of the Currency Converter Module:

Live exchange rate updates

Support for over 160 currencies

Simple one-tap conversions

Automatic rate refresh

Historical exchange trends

Bookmarking favorite currencies

Whether you're converting 100 USD to Euros for a trip to Spain, checking the value of your Bitcoin in INR, or comparing the Canadian Dollar to the Japanese Yen, the app delivers with speed and accuracy.

Why a Currency Converter Calculator Is Essential for Everyone

✈️ International Travelers

When you’re abroad, shopping, dining, or tipping becomes easier when you know exactly how much you’re spending. Convert your home currency to local values instantly and stay on top of your budget.

🛒 Online Shoppers

If you frequently shop from platforms like Amazon, AliExpress, or eBay, you’ll often find prices in foreign currencies. Avoid surprises on your credit card bill by using the currency converter calculator to know exactly how much you're paying.

💼 Freelancers and Remote Workers

For professionals who get paid in USD but live in countries with different currencies, knowing the precise exchange rate helps in managing monthly budgets, negotiating payments, or calculating real income.

📈 Investors

Stock traders, forex investors, and crypto enthusiasts all need to keep an eye on currency values. A quick conversion helps in calculating returns, profits, or losses.

🎓 Students Studying Abroad

Converting tuition fees, rent, and daily expenses from local currencies into the student’s home currency allows better financial planning and transparency.

Real-Life Use Case: Converting Dollars to Euros in Seconds

Let’s say you’re traveling to Italy from the United States and want to convert $500 into Euros. By launching the Unit Converter Calculator Tool, selecting USD as the source currency and EUR as the destination, you’ll instantly receive the equivalent amount, based on real-time exchange rates. No more guessing, no need for calculators or spreadsheets.

And because the app updates exchange rates frequently, you can avoid overpaying due to fluctuating values.

How to Use the Currency Converter in the App

Download the App Search “Unit Converter Calculator Tool” on Google Play and install it.

Open the App and Navigate to Currency Conversion Tap on the Currency section from the dashboard.

Select Your Currencies Choose the source and target currencies (e.g., USD to INR).

Enter the Amount Type the value you want to convert. The result is displayed instantly.

Review the Current Rate The app shows the exchange rate, date of last update, and even lets you track changes.

Use Offline if Needed If you’ve recently used the app online, it will store the last exchange rate so you can still get a fairly accurate conversion offline.

🔽 Download Now from Google Play

👉 Get the Unit Converter Calculator Tool and gain instant access to accurate currency conversions.

More Than Just Currency: A True All-in-One Calculator

While it excels as a currency converter calculator, the app also includes:

📏 Length Converter

⚖️ Weight Converter

🌡️ Temperature Converter

🕒 Time Converter

📐 Area & Volume Converter

🔢 Scientific Calculator Functions

💰 Finance and Loan Calculator

This makes it not just a currency tool, but a daily utility powerhouse for anyone who deals with numbers—students, engineers, travelers, shoppers, and business owners alike.

Lightweight, Fast, and Privacy-Safe

The Unit Converter Calculator Tool is designed for speed and simplicity. With minimal permissions, no hidden charges, and no intrusive ads, it offers a clean experience focused solely on functionality. Whether you're offline in the middle of a desert or connected in a café in Paris, this app is your best companion for conversions.

Final Thoughts

In a world where exchange rates are volatile and globalization touches nearly every aspect of life, having a currency converter calculator in your pocket is not a luxury—it’s a necessity. And the Unit Converter Calculator Tool delivers exactly what today’s users need: accuracy, simplicity, and speed.

With powerful features and a wide range of supported currencies, it transforms your smartphone into a reliable financial companion. Don’t leave your currency questions unanswered.

🔽 Convert Smarter Today

👉 https://play.google.com/store/apps/details?id=e.sk.unitconverter Manage your money, plan your expenses, and travel with confidence—one conversion at a time.

#unit converter app #finance calculator #area calculator

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ustd-to-inr · 3 months ago

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USDT to INR: Live Exchange Rate and Future Price Trends

The USDT to INR exchange rate is a crucial metric for Indian crypto traders and investors. Tether (USDT), a stablecoin pegged to the US dollar, offers a reliable way to trade and hold digital assets without the volatility of traditional cryptocurrencies.

Current USDT to INR Exchange Rate

The exchange rate of USDT to INR fluctuates based on global demand, liquidity, and macroeconomic factors. Unlike traditional forex markets, crypto exchanges operate 24/7, leading to dynamic price changes.

Factors influencing the exchange rate include:

Global Cryptocurrency Market Trends – Bitcoin and Ethereum price movements impact the demand for USDT.

Regulatory Updates – Government policies and RBI guidelines on crypto trading affect market sentiment.

USD to INR Forex Rate – Since USDT is pegged to the US dollar, its value in INR changes with forex rates.

Why Use USDT for INR Transactions?

Stable Value – Unlike Bitcoin or Ethereum, USDT remains stable, making it a preferred choice for traders.

Faster Transactions – USDT enables quick transfers across exchanges without fiat conversion delays.

Hedging Against Volatility – Holding USDT protects funds from extreme price swings in other cryptocurrencies.

USDT to INR Price Prediction

While USDT remains stable, its INR value depends on forex rates and crypto market conditions. Analysts suggest that the USDT to INR rate will follow these trends:

Short-Term Outlook – Fluctuations between ₹80-₹85 per USDT, influenced by USD strength.

Long-Term Outlook – Increased crypto adoption may lead to higher INR demand, slightly affecting the rate.

How to Convert USDT to INR?

To exchange USDT to INR, traders can use:

Crypto Exchanges – Most platforms support direct USDT/INR trading pairs.

P2P Trading – Allows direct transactions with other users at agreed rates.

OTC Desks – Large-volume traders prefer OTC services for competitive pricing.

Final Thoughts

Understanding the USDT to INR exchange rate is essential for crypto traders in India. By monitoring forex trends, regulatory updates, and market demand, investors can make informed trading decisions.

#USTD to INR

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ustdtoinr · 3 months ago

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USDT to INR: Live Exchange Rate and Future Price Trends

Current USDT to INR Exchange Rate

Factors influencing the exchange rate include:

Global Cryptocurrency Market Trends – Bitcoin and Ethereum price movements impact the demand for USDT.

Regulatory Updates – Government policies and RBI guidelines on crypto trading affect market sentiment.

USD to INR Forex Rate – Since USDT is pegged to the US dollar, its value in INR changes with forex rates.

Why Use USDT for INR Transactions?

Stable Value – Unlike Bitcoin or Ethereum, USDT remains stable, making it a preferred choice for traders.

Faster Transactions – USDT enables quick transfers across exchanges without fiat conversion delays.

Hedging Against Volatility – Holding USDT protects funds from extreme price swings in other cryptocurrencies.

USDT to INR Price Prediction

While USDT remains stable, its INR value depends on forex rates and crypto market conditions. Analysts suggest that the USDT to INR rate will follow these trends:

Short-Term Outlook – Fluctuations between ₹80-₹85 per USDT, influenced by USD strength.

Long-Term Outlook – Increased crypto adoption may lead to higher INR demand, slightly affecting the rate.

How to Convert USDT to INR?

To exchange USDT to INR, traders can use:

Crypto Exchanges – Most platforms support direct USDT/INR trading pairs.

P2P Trading – Allows direct transactions with other users at agreed rates.

OTC Desks – Large-volume traders prefer OTC services for competitive pricing.

Final Thoughts

Understanding the USDT to INR exchange rate is essential for crypto traders in India. By monitoring forex trends, regulatory updates, and market demand, investors can make informed trading decisions.

#USTD to INR

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globalcryptocurrencyexchange · 2 years ago

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Ripple(XRP) Explained: XRP/INR

What is Ripple?

XRP is a digital currency created by Ripple Labs to make moving currencies across the globe fast and reliable. It's like digital cash that gets verified and recorded by a bunch of computers called validator nodes.

Ripple's goal is to make XRP a key player in digital payments, including powering up banking systems.

However, Ripple hit a rough patch when the U.S. Securities and Exchange Commission (SEC) accused them of selling XRP as unregistered securities. This caused some crypto exchanges to stop trading XRP until the situation cleared up.

What Makes XRP Special:

Speedy Transactions: Unlike other cryptocurrencies like Bitcoin or Ethereum, XRP finishes transactions in less than four seconds. Bitcoin can take up to an hour, and Ethereum about 15 seconds, but XRP is lightning fast.

Low Fees: It costs almost nothing (about $0.0001537 on average) to do an XRP transaction, making it super cheap compared to other options.

Unique Things About Ripple(XRP):

You can't mine XRP like you can with Bitcoin. There's a fixed amount (100 billion coins), and most of them are already out there. You have to buy XRP through certain crypto exchanges; you can't make it yourself.

To own XRP, you can use specific wallets like Koinpark Global Cryptocurrency Exchange. These help keep your XRP safe and secure.

So, XRP stands out for its speed, low fees, and different approach to how it's created compared to other cryptocurrencies.

How to Buy/Invest in Ripple(XRP):

Pick a Reliable Global Cryptocurrency Exchange:

Choose a reputable cryptocurrency exchange that facilitates ripple trading on a global scale. For instance, platforms like Koinpark in India are popular and user-friendly and get a konpark cryptocurrency exchange app.

Create an Account: Begin by signing up on your selected exchange. You'll need to provide essential details like your email, and phone number, and complete the KYC (Know Your Customer) process. This includes submitting a government-issued ID, proof of address, a passport-sized photo, and your PAN card.

KYC Verification: After signing up, complete the KYC process by submitting the necessary documents for verification.

Deposit Funds: Once your account is set up and verified, deposit Indian rupees (INR) into your exchange account. Koinpark offers multiple deposit methods such as bank transfers and UPI.

Navigate to Ripple (XRP) Market: After funding your account, go to the Ripple market on the exchange. Look for the trading pair XRP to INR.

Place a Buy Order: Specify the amount of Ripple(XRP) you want to purchase in INR. You can place a buy order at the current market price or set a specific price for your purchase.

Secure Storage: For enhanced security, consider transferring your purchased ripple to a secure wallet. Options like hardware wallets such as Ledger, software wallets like Koinpark’s Parkwallet, or the INR deposit wallet provided by the exchange are popular choices.

Monitor the Market: Stay updated with Ripple's market trends and keep an eye on information provided by the exchange (like Koinpark) to make informed decisions regarding buying or selling XRP.

Conclusion:

Interested in Ripple( XRP)? Use reliable exchanges like Koinpark. Sign up, verify your ID, deposit funds, buy XRP in the market, and secure it in wallets.

Join the festive CryptoXmas campaign hosted by Koinpark! Grab your chance to win an incredible prize worth 25,000 USDT. Don't miss out, join now! - https://www.koinpark.com/xmas-event?theme=light

Take a look at this blog for more information:

#XRPtoINR #buyXRP #buyandsellRipple

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w3villatechnologies · 5 years ago

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Cryptocurrency: Current Trends and Legalization in India

Also termed as digital or virtual currency, secured by cryptography, cryptocurrency is a new type of digital asset based on the blockchain technology, distributed over a large network of computers. A key feature of cryptocurrencies is their decentralized formation, defining that they are not issued by a central authority which makes them immune to any government or malicious interference.

Bitcoin being the first blockchain-based cryptocurrency still remains the most popular and most valuable among all. There are various other cryptocurrencies known as altcoins like Litecoin, Namecoin, Ethereum Etc. which have come up as alternatives to bitcoin.

Current trends in cryptocurrency to watch out for→

2019 proved out to be the most remarkable year for the global crypto market. This is because of the involvement of new groupings, new trading solutions, and the emergence of numerous blockchain protocols.

So let us now gaze upon how the crypto-market is going to turn out in 2020.

The Decentralized Finance Projects→ Also known as Defi, Decentralized Finance acts as a way to move forward with its numerous advantages. The Defi projects now value over $650 million. Being tough to believe years back, today these trustless and secure financial services enable traders to easily switch between different debt positions.

The improved Ethereum public main-net → Phase 0 of the Ethereum 2.0 with the launch of a multi-client test-nest has reached the final phase of its testing. Close attention has been paid by the development leading teams, to the feedback given by the community. A partial launch of the Ethereum 2.0 can be seen in 2020.

Cryptocurrency Derivatives→ Significantly growing in size and usage, Crypto derivatives were earlier offered by a few exchanges only. On the contrary, a majority of them assist their investors to trade in large-cap cryptocurrencies.

High-speed network→ The lightning network of the cryptocurrency has proved to be a boon for its traders. It is a layer-2 protocol of the blockchain-based network that eases the instant settlement of cryptocurrency transactions. The traders in the upcoming time will witness the initiation of more and more nodes, channels, and applications built on lightning network infrastructure.

Private Transactions→ With an ever-growing concern of transaction privacy, we have also seen the development of the required tools for the same. With the right tools available, we will also witness ample transactions.

Crypto-friendly regulations across the world→ In various countries across the world, various laws have emerged for blockchain and cryptocurrency. This also proves the upcoming years to be vital for blockchain technology.

Indian parliament legalizing Cryptocurrency

With favorable laws for cryptocurrency across the world, the supreme court of India, on 4th March 2020, struck down the Central Bank’s circular of April 2018 which banned regulated financial institutions from providing services to businesses dealing in cryptocurrency. Abiding by the supreme court’s order the cryptocurrency exchanges in India sped up to re-integrate with banking solutions and restore INR support.

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bowsetter · 6 years ago

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Indian Crypto Trading Volumes Accelerate on Positive Sentiments

Cryptocurrency trading volumes in India have accelerated despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India (RBI). Global trading platforms and service providers have also been expanding their operations to serve Indian users.

Also read: Mistakes Crypto Owners and Traders Should Avoid

Strong Trading Volume Growth

Banking services may be restricted and the government may be considering a bill to ban cryptocurrencies, but Indians continue to buy and sell cryptocurrencies. Trading volumes on some exchanges in the country have been rising significantly.

Paxful has reported steady growth in BTC trading in INR on its peer-to-peer (P2P) bitcoin marketplace. For the week ending Oct. 26, 85 BTC were traded, a 13% increase from the 75 BTC traded the previous week. In comparison, only 7 BTC were traded in the week ending Oct. 27 last year on the platform. Competing P2P marketplace Localbitcoins reported 146 BTC traded in the week ending Oct. 26 and 143 BTC the previous week. Bitcoin.com’s P2P marketplace for bitcoin cash is also growing in popularity among Indian traders.

Weekly BTC trading volumes in INR on Paxful.

Nischal Shetty, CEO of local crypto exchange Wazirx, is also seeing an encouraging trend on his platform. Trading volume has “grown really well this month,” he told news.Bitcoin.com on Monday, adding that “It has accelerated in the last week due to the positive sentiments around crypto.” He further shared that the top coins traded this month on his exchange are BTC, ETH, XRP, TRX, LTC, XLM, MATIC, BCH, BAT, and BTT.

Regarding trader sentiment in India, “It’s been very positive ever since the China news of President Xi Jinping announcing that China should get into accelerated blockchain development,” Shetty opined. “India and China share a very competitive relationship. This means we’re going to see positive crypto announcements in India as well very soon.”

The CEO continued: “The last couple of months were relatively slower compared to Q2 this year. But that’s been the situation throughout the crypto sector globally. Indian markets have always been on par with global crypto markets in terms of trader sentiments and excitement. However, the China news has created tremendous positive outlook in the last week.”

Sumit Gupta, CEO of local crypto exchange Coindcx, believes that “Trader sentiment has considerably improved in India lately, mainly because of the market reversal,” he told news.Bitcoin.com on Monday. “In 2019, change in market sentiments brought an inflow of new traders and new users (hodlers),” he added, emphasizing that “strong gains and volatility have attracted traders” this year.

Diwali Festival and Crypto Trading

India is currently celebrating a very popular five-day Hindu festival called Diwali or the Festival of Lights which began on Oct. 25. It “marks the beginning of a new year for businessmen who believe it to be an auspicious day which brings in wealth and prosperity throughout the year,” Coindcx explained. “Goddess Laxmi showers her blessings on the occasion of Diwali and therefore, any buy or sell trading brings a good fortune in the upcoming year.” To mark the importance of this festival, a number of crypto exchanges are running specials and giveaways.

U.K.-based banking services platform Cashaa also picked the start of this festival to launch its crypto service for Indian users, as news.Bitcoin.com previously reported. The company has since provided additional details of its service.

“On the occasion of Diwali, a festival for wealth and prosperity, we are announcing the launch of INR deposits with buy and sell of bitcoin, ether, and Cashaa for Indian residents, up to 1 crore INR [~$141,128] per month. Min deposit amount is 25,000 INR up to 10 lakh INR in a single transaction,” Cashaa detailed. The company explained that it “was able to find a stable P2P solution through its vast network of traders and brokers in India” to launch the service. “Our system will solve the problem of liquidity and speed using a P2P engine at the backend which does all the complex work and makes buying and selling simple for average users.”

Indian Crypto Bill and Regulation

The Indian government has been sitting on a draft bill that seeks to ban all cryptocurrencies except state-issued ones since February. The government has indicated to the country’s supreme court that this bill may be introduced in the next session of parliament.

The Indian crypto community believes that the bill is flawed and has been actively campaigning for the government to reexamine the bill. Shetty himself has been running a social media campaign called “India Wants Crypto,” which is only a few days short of its one year anniversary. He shared with news.Bitcoin.com that “the campaign has led to us meeting a few elected representatives of the Indian parliament,” emphasizing:

We’ll continue the campaign and we’re sure our elected representatives will hear our demands and help the crypto sector in India.

Meanwhile, the banking restrictions imposed by the central bank are still in effect. The ban has been challenged in the supreme court, which is expected to resume hearing the case on Nov. 19.

What do you think of how Indians are still trading strongly despite the banking restrictions and regulatory uncertainty? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Images courtesy of Shutterstock and Coin.dance.

Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.

The post Indian Crypto Trading Volumes Accelerate on Positive Sentiments appeared first on Bitcoin News.

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#cryptocurrency #cryptocurrency news #bitcoin #cryptocurrency market #crypto #blockchain #best cryptocurren

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linicoin · 3 years ago

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Can LiNi Coin Reach 1000 USD?

What is LiNi Coin?

LiNi coin is a peer-to-peer digital currency based on an advanced blockchain mechanism. It has dual utility being a store of value as well as a yield-forming asset. It is more scalable and energy efficient than other blockchains comparatively. Other cryptos that solely use a proof-of-work or proof-of-stake consensus mechanism, LiNi Coin has the Proof-of-Authority consensus for its functioning.

The LiNi coin has a unique algorithm that validates transactions faster, taking just 0.45 seconds to block creation. It can reach up to 2,00,000 transactions per second. Its smart contract can solve up to 93,000 transactions per second. All these pro-crypto features assure the emergence of Lini Coin as the fastest cryptocurrency in the world, having a transaction size as large as 610 bytes.

What Influences LiNi Coin Price?

Various factors might influence the rise and fall of the LiNi coin price. Below are some of the most common factors that can impact the value of LiNi coins.

Crypto Market Crashes

The crypto market crashes have made paupers out of the kings. Various factors, such as inflation, global war scenarios, pandemic, and others, have shaken the market and have turned it upside down.

The market crash acts as a test. Many Ponzi schemes, pump and dump projects, and altcoins have met their end.

With so much going around, LiNi Coin is a cryptocurrency project with high potential and a stable roadmap that stood the test of time.

FED Influences in the Money Market

The Federal Reserve has a say in maintaining the entire financial ecosystem. The shockwaves of raised interest rates during inflation have often adversely affected the market.

Other rules and regulations from each nation also govern the market trends.

Competition

Although mega market cap cryptocurrencies such as Bitcoin and Ethereum dominate the crypto market, the LiNi coin is competing with its competitors brilliantly. Maintaining a rising trend in the falling bullish market when almost all the coins were bleeding red, the LiNi coin has secured its place in this crypto market.

Use Cases

LiNi Coin is a store of value and can be used to exchange like any other currency. It is a widely chosen yield-forming asset by investors because of its growing trend.

Additionally, it can be used to take loans and lend or for collateral.

Social media hype

Like meme coins and other cryptocurrencies, the LiNi coin price is also affected by social media hype, news, and current rules and regulations worldwide. In 2017 Bitcoin was under the spotlight, which increased its demand and the limited supply ensured a growing price.

Though the LiNi coin is still not popular and has not gained that big audience, the growth trends assure that it will happen soon.

LiNi Coin: Price Prediction

The LiNi Coin, launched in Nov 2021 at INR 23.45, showed growth of 1036.9681% in just five months. Lini Coin survived the harshest crypto winter and hit its highest value of INR 4,660 recorded in Sep 2022, with a remarkable growth of 7900%.

Tracing the growth trend of the LiNi coin, it is expected to hit 80 USD in a month and can show up to 1000% - 1200% growth in the next six months. Therefore, experts predict that in April 2023, it will hit USD 1000.

Other analysts predict that LiNi Coin will trade at $1,077.03, with a maximum peak at 1,348.61.

As these predictions are trends and demands-based, others predict it to increase even further.

The unrealistic growth it has shown even in the longest bear run is surprising, indicating an extraordinary potential growth soon.

Moreover, these predictions are not 100% and can vary.

However, since its inception, its price went bearish only once by 3.083%, soon taken over by growth of approx 7900% and an all-time high price of 4660 USD. This sharp recovery is a clear example of how volatile the crypto market is.

The volatility of cryptocurrency is a two-sided attribute. If enormous profit is one of its sides, then a downslope is also one of its features. Though these predictions come from expert analysis, they might not be accurate.

Can LiNi Hit USD 1000?

It is difficult to make accurate predictions about volatile markets like the crypto market. Investors' sentiments often play a crucial role and can suddenly change the dynamics of such volatile markets.

Still, the prospect of the LiNi coin hitting $1,000 is likely to happen soon, and it would probably take after this year. One reason for this delay is that the LiNi coin has still not gained social media hype, but it will generate more demand and popularity shortly.

Moreover, LiNi is still ahead of many competitors, like Solana and other popularly known cryptos.

Should You Invest in LiNi Right Now?

LiNi coin is worth buying for its advanced technology and growth potential. For this reason, many crypto experts and market analysts are confident that LiNi Coin will keep its current uptrend in the market and reach new heights.

LiNi coin uses an energy-efficient and eco-friendly Proof of History consensus mechanism and smart contracts that can make transactions faster than ever before.

Though most of you must be regretting not buying LiNi Coins during its beginning, don't worry, it is not late yet. The time you intend to is the perfect time to invest. The growth trend it has shown from its inception is unmatchable and highly surprising for investors.

Following the crypto trend till now, it is expected to hit $1000 in April 2023. The market trend for LiNi Coin also suggests that it has little to no chances of loss. It has helped people to recover their losses from other coins by opting for an ever-growing LiNi Coin.

Therefore, investing in LiNi Coin can be a wiser choice to diversify your portfolio and hedge against risks.

#lini coin #digital currency #digital coin

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blogoosposts · 4 years ago

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5 Essential Elements For How To Buy Bitcoin In india

Coinbase is the best cryptocurrency Trade for many people who are just starting off started off with bitcoin. The smartphone application is easy to work with, plus the System means that you can gain cryptocurrency just by Finding out with regard to the technologies. The money printing erodes the worth of your fiat forex, which undermine investors’ self esteem in the forex. Other central financial institution pursuits, like negative interest charges and asset buys, have also driven investors toward cryptocurrencies like bitcoin. Cryptocurrencies will also be observed as a hedge in opposition to inflation. You will discover pitfalls related to any expense. Crypto marketplaces are specially volatile, with substantial upswings and downswings. Only commit about you can afford to pay for to get rid of. Its extremely existence demonstrates Pakistan’s monumental likely in crypto-currency mining and investing. Cryptocurrency investments can pay off spectacularly. Nevertheless, bear in mind that mining is very electricity-intense and could wind up costing you greater than it can make you. Bitcoin mining is best for many who are extremely Computer system savvy. Is Obtaining Bitcoin Secure? The forex Trade fee basically reveals to us the value of our profit overseas currency. If any investor would like to do the getting and selling on the currency of Pakistan, the forex rate tells us the amount we would want to pay for to get that currency. Trade level for monetary forms is managed by international Trade brokers. As the totally free trade is develop into Substantially frequent on the globe, it is currently crucial for Pakistani companies to bear in mind regarding the forex charge in Pakistan including its important towns for instance Karachi, Lahore, Islamabad, and Peshawar. Currency Price in Pakistan – When speak about the Pakistan exchange level, the open up marketplace charges have an excellent significance as it offers All round outlook about the most up-to-date predicament and trending eventualities in the market. I've come upon A further Trade based in India, These are featuring important crypto currencies as well as their registration is easy . I've traded within their Trade and confronted beside none issues. need to attempt that Trade also-Bitbawa.com Many thanks for sharing information about cryptocurrency and bitcoin platform. its these kinds of beneficial for Best E-Currency Exchanges in Pakistan who need to know relating to this. From the current problem, they may have think of a different strategy for peer to look investing which allows Indians to withdraw and deposit INR even though trading cryptocurrencies. We publish impartial testimonials; our viewpoints are our own and they are not motivated by payments from advertisers. Learn about our unbiased assessment procedure and associates within our advertiser disclosure. A further significant aspect of it's its decentralized nature. It is far from issued or managed by any central agency or banking companies and governments can not get it away. This enabled it to stick out and rise higher than numerous major names inside the buying and selling field. This makes it a strong choice for traders who want to buy a cryptocurrency and however Restrict the expense of the transaction.

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rahulkohali79 · 5 years ago

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Top 5 Reasons why you should invest in cryptocurrencies today

Cryptocurrency is now the industry that grows tremendously every day and no one is willing to be indifferent. It’s no longer just digital cash. Instead, it is a huge investment opportunity that attracts the attention of large organizations, investors, and traders worldwide.

This new and experimental market is huge with more than 800 digital assets listed on different popular exchanges like Coinmarketcap.com. These are borderless and decentralized coins and probably why they are referred as people’s currency. The coin values are set by market forces of the particular coin, which is a direct result of human sentiments and not an individual’s or institutional decision. There are many types of cryptocurrencies. It’s up to you where you want to invest.

In 2020, most of the people are investing in cryptocurrencies in India. Have you ever thought about why? Well, there are a lot of good reasons why people are choosing to invest in this new form of cash. Some reasons have to do with the coin itself, other reasons are a result of the global financial trend. Other reasons are simply due to the maturing of the cryptocurrency investing industry as compared to traditional investing. Here are the 5 top reasons why investing in cryptocurrencies is the best option for you?

The Potential for Huge Profits

It is a known fact that people are getting rich and are receiving bigger benefits from investing in cryptocurrencies. Initially, when Bitcoin investing first started to take off a decade ago, each BTC worth was merely about $0.30. In the next few years, that number leaped to $13 then to $700 and eventually to an all-time high of just under $20,000 in 2017. Today, BTC is usually trading between $9000 and $11,000. Those who have identified the potential of cryptocurrencies in its initial days and invested in it have made a huge profit in the past few years.

But, one should keep in mind that the crypto market is highly volatile and quite risky. If there is a possibility that cryptocurrencies go up and up and up, there is also a possibility that it does the same in the opposite direction. The Bitcoin value mentioned above illustrates this quite well. So, for investors, it becomes important to analyze the market before investing to avoid loss.

Based on Blockchain Technology

Cryptocurrency is built on blockchain technology. This technology has great potential to establish itself as an independent technology soon. Many people believe that this is one of the inventions in human history which is going to reshape the global economy. Due to Blockchain’s strong security and adaptability features, this technology is gaining mainstream adoption rapidly across the world. Powerful features of blockchain technology have brought digital assets like cryptos in existence and thereby opened a new gate of investment for people all around the world.

Blockchain lies at the core of crypto payment networks. Hence, investing in cryptocurrency could be a better decision to put your money into the new technology of the future. Any emerging technology with a large number of people in it is bound to grow. This growth may unlock the potential for high returns in the long run.

Varied Options Available for Investment

When Bitcoin was the only coin in the market, only a few exchanges were available to buy and sell it. Due to this, only a limited people could invest. That continues to change as more cryptocurrencies are being created. In the current scenario, around 5,000 cryptocurrencies are being traded and many more are being developed continuously. And as the number of investment options increases, so do the exchanges.

As the number of coins and exchanges has increased so as the number of investors. Investors are now able to find cryptocurrencies according to their choice and at a price that keeps them comfortable. Like the rest of the investment, they will not all be winners but many have great potential as a good investment vehicle. Top cryptocurrencies such as Ethereum, Tether, Ripple, Litecoin, and Bitcoin Cash among others are all seen as good investments in 2020.

You will Certainly Use It in the Future

It is said by many that you are not using cryptocurrencies today, you are certainly going to use them in the future. The reason is that businesses are getting more and more involved in the crypto and blockchain startups popping up here and there in different spheres of business.

Also, during this period of economic slowdown which has been caused due to COVID-19, it is clearly illustrated just how interconnected the world’s economy is. This is the reason why people are shifting from stocks to cryptos. Most of the features point to the fact that cryptocurrency will be a very viable form of currency in the future and is something that more companies and investors will adopt and accept in one form or another. There are huge possibilities of widespread and mainstream use of cryptocurrencies in the future which will be beneficial for crypto fanatics.

Cryptocurrency as a Mode of Payment

The primary function of cryptocurrencies is to enable borderless transactions between people without the need for any intermediary and to maintain a high level of privacy. These features of cryptos create a good chance for these digital coins to be used for daily transactions, just like other current forms of digital payment.

Hence, it can be said that cryptocurrencies will become a global form of digital payment shortly. It’s highly likely that we will be able to use cryptocurrency for transactions as it is being increasingly accepted by banks, companies, vendors, ATMs in some countries. All of these factors will add further impetus to crypto coins adoption and will cause its value to grow.

If you too are planning to invest in digital assets and looking for one of the best cryptocurrency exchanges in India to buy & sell cryptos in INR, you should look no further than PCEX Member.

#cryptocurrency #crytpo #cryptonews

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hmollik · 5 years ago

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How to buy bitcoins on Localbitcoins

Localbitcoins is one of the fastest growing and safest bitcoin marketplaces where users (traders) can buy bitcoins directly from the sellers (advertisers). The number of global btc traders exchanging bitcoins on Localbitcoins continues to increase with each passing second, literally. Currently, localbitcoins is available in 248 countries and in over 16, 000 cities.

However, in an industry now known to be plagued by rampant cases of fraud, how are people on localbitcoins getting bitcoins with so much ease?

The following piece delves deep into how to buy bitcoins on the localbitcoins P2P (peer-to-peer) platform by answering common questions such as: how to buy bitcoins with localbitcoins, what is the easiest way to buy bitcoins on localbitcoins, and provide a step by step how to buy localbitcoins guide for beginners. It also includes a few tips on how to get low price bitcoin on localbitcoins and discuss how to do a cash deposit through localbitcoins among other payment methods.

Both seasoned and beginners will find all the answers regarding how to buy bitcoins from localbitcoins on this review.

But, first things first…

How to buy bitcoin from localbitcoins?

Buying bitcoins from locabitcoins is relatively easy compared to other bitcoin platforms. Learning how to buy btc from localbitcoins is also very simple because navigating the interface is straightforward, even for new bitcoin buyers. Here is how to buy localbitcoins first time buyer:

* The first step is signing up for a free account (for new users). Existing users can skip to step 2.

* The second step is logging in and finding local sellers (advertisers) with the best btc prices, and suitable payment method(s).

* Step three is initiating trade with your preferred seller and transferring money to the seller’s account according to the seller’s terms of trade. Other verification methods may be required depending on seller.

* The fourth and last step is receiving bitcoins to your localbitcoins wallet.

How to buy through localbitcoins using custom advertisements

For those with a clear idea of what buying price they want and they have time to wait, creating a trade advertisement to announce your intention to buy bitcoins at your specified price is also an option. You can do this by simply clicking on the Post a trade button.

How to create your buyer advertisement

Clicking on Post a trade takes you to the advertisement posting page where you are provided with five sections to specify your trade requirements.

1. The first section describes all the trade agreements and requirements. Follow each step correctly and fulfill all the verification processes to facilitate smooth trades.

2. Choose the trade type: Buying or selling.

3. Enter your location (street address, city, or postal code, for local trades; country for online trades).

4. Select the payment method and the currency you wish to use for the trade.

5. Set your margin. A negative margin means you are willing to buy bitcoins over the prevailing market price and it will attract more sellers. A positive margin does the opposite; it shows your willingness (or intention) to pay below the market price which attracts less attention from sellers. Leave it as 0 – Zero – if you are not interested in margins.

6. Determine the minimum and maximum amounts per transaction (optional).

7. Set your opening and closing hours which basically means the time you are expected to be available online, and detail your Terms of trade (optional for buyers).

8. Specify how long (in minutes) it will take you to complete payment when trades are initiated.

9. Select the security options to include trusted people only (marked as trusted), identified people only (ID verified), or people with verified phone numbers (SMS verification required).

10. Publish your buying advertisement and wait for sellers to contact you.

What is the easiest way to buy bitcoins on localbitcoins?

The easiest and most recommended way to buy bitcoins on localbitcoins is to find local traders dealing in easy local payment methods and currencies. Payment methods and currencies vary from country to country (or from city to city).

For instance, if you’re looking for how to buy btc from localbitcoins inr, go to the search filter and change the location to India – the currency switches automatically. All traders in India and all their preferred payment methods (e.g. IMPS Bank Transfer India), as well as their prices per 1 BTC and the amount limits, are clearly listed in Indian Rupee for you to select the deal that suits you best. Each row represents one advertiser.

Here is why you should buy from local advertisers.

a. All local buyers are listed in order from the lowest to the highest exchange rates, and their limits are tailored to specific economies or regional trends.

b. You can meet the sellers in person to build more trust. However, this should also be done cautiously and in public places. Please note that Localbitcoins removed in-person cash payments in order to comply to European anti-money laundering laws.

c. Using local currencies and local methods of payment allow for easier and relatively faster negotiations, and secure transactions that are familiar to both parties.

d. In the rare occasion where you come across unscrupulous traders, you can track down the seller physically using local law enforcement and prosecute them in a court of law to recover your money or get compensated for any other accruing damages. Going after fraudulent international sellers and recovering your money can be a bit tricky.

How to purchase bitcoins through a cash deposit through localbitcoins

If you’re looking for how to buy bitcoins with direct deposit localbitcoins, or how to buy on localbitcoins cash deposit, then follow the steps outlined below:

1. Log in and go to the homepage or buy bitcoins page and search for sellers with cash deposit as their preferred (or one of the preferred) payment method(s).

2. Select advertiser and enter the amount of bitcoins you want to buy. It will show you how much you should pay in your local currency.

3. Receive sellers account number and make deposit.

4. Confirm deposit and upload deposit slip as proof of completed cash deposit.

5. Receive purchased bitcoins into Localbitcoins wallet.

The above simple steps should guide any buyer on how to purchase bitcois through a cash deposit through localbitcoins.

How to buy through localbitcoins moneygram

If you’re a new user looking for how to buy at localbitcoins using remittance services, then buying through Moneygram is also another easy way to buy bitcoins on localbitcoins.

There’s no correct answer to how fast to get bitcoins on localbitcoins.

First, there is the issue of buy/seller location (city or country). Buyers from countries with streamlined fast payment methods will definitely receive their bitcoins a lot quicker compared to buyers from countries with complicated payment methods.

The buyer/seller location also influences the speed at which a buyer receives their bitcoins in cases where the two parties may be in different countries or cities. Such transactions may cause delays in the transfer of bitcoins to the buyers’ account/wallet depending on the terms applied in the agreement.

Secondly, the type of transaction; whether online or in person. While localbitcoins allows you to carry out online transactions through a number of wallets and wire transfers to hundreds of banks, there’s also an option to meet the trader(s) in person for a face-to-face negotiation.

Third, the method of payment also matters. Different countries have different local payment methods that are convenient for local buyers (and sellers). Online payments through Paypal, Neteller, Perfect Money, Google Pay, WebMoney, Advcash, or Skrill (and other similar wallets) are almost instantaneous – if the seller is readily available online to confirm the purchase (or basically the receipt of your money) in real-time. Receiving your bitcoin when using such online payment methods can take 5-30 minutes in some instances, especially when buying from localbicoins through Paypal.

Other methods of payments such as cash deposits may require you to upload proof which may take you time to prepare. For instance, some sellers ask you to upload a photo of the actual deposit slip from any specified bank with a few ink markings or torn corners to show proof of identity. Receiving your bitcoins in such cases where further verification of payment or identity are required can be delayed until the seller is done with the verification. It can take a few hours to receive your bitcoins when using other methods of payment.

Fourth, the seller’s reputation and response time. The advertisers’ (or sellers’) reputation is indicated by the number of successful transactions and feedback displayed next to their usernames. Sellers who are keen on maintaining clean reputations always respond in good time and never default on any agreement.

The process can take anywhere from a few minutes to a couple of hours depending on the responsiveness of the parties involved, and the chosen method of payment. Therefore, the question of how long it takes to receive your bitcoins is one that varies from transaction to transaction. On the upside, the escrow system on localbitcoins guarantees that you always receive your purchased bitcoins, regardless of how long it takes to receive your bitcoins.

How to purchase bitcoins from localbitcoins and not get scammed

If you’re wondering, how do i buy bitcoins from localbitcoins without getting scammed?, then the following tips should help you conduct your trades smoothly while avoiding scammers.

plagued by rampant cases of fraud, how are people on localbitcoins getting bitcoins with so much ease?

It also includes a few tips on how to get low price bitcoin on localbitcoins and discuss how to do a cash deposit through localbitcoins among other payment methods.

Both seasoned and beginners will find all the answers regarding how to buy bitcoins from localbitcoins on this review.

But, first things first…

How to buy bitcoin from localbitcoins?

The first step is signing up for a free account (for new users). Existing users can skip to step 2.

The second step is logging in and finding local sellers (advertisers) with the best btc prices, and suitable payment method(s). Step three is initiating trade with your preferred seller and transferring money to the seller’s account according to the seller’s terms of trade.

Other verification methods may be required depending on seller. The fourth and last step is receiving bitcoins to your localbitcoins wallet.

How to buy through localbitcoins using custom advertisements

How to create your buyer advertisement

Clicking on Post a trade takes you to the advertisement posting page where you are provided with five sections to specify your trade requirements.

The first section describes all the trade agreements and requirements. Follow each step correctly and fulfill all the verification processes to facilitate smooth trades.Choose the trade type: Buying or selling.Enter your location (street address, city, or postal code, for local trades; country for online trades).

Select the payment method and the currency you wish to use for the trade.Set your margin. A negative margin means you are willing to buy bitcoins over the prevailing market price and it will attract more sellers. A positive margin does the opposite; it shows your willingness (or intention) to pay below the market price which attracts less attention from sellers.

Leave it as 0 – Zero – if you are not interested in margins.Determine the minimum and maximum amounts per transaction (optional).Set your opening and closing hours which basically means the time you are expected to be available online, and detail your Terms of trade (optional for buyers).

Specify how long (in minutes) it will take you to complete payment when trades are initiated.Select the security options to include trusted people only (marked as trusted), identified people only (ID verified), or people with verified phone numbers (SMS verification required).Publish your buying advertisement and wait for sellers to contact you.

What is the easiest way to buy bitcoins on localbitcoins?

Here is why you should buy from local advertisers.

All local buyers are listed in order from the lowest to the highest exchange rates, and their limits are tailored to specific economies or regional trends.You can meet the sellers in person to build more trust.

However, this should also be done cautiously and in public places. Please note that Localbitcoins removed in-person cash payments in order to comply to European anti money laundering laws.

Using local currencies and local methods of payment allow for easier and relatively faster negotiations, and secure transactions that are familiar to both parties.

In the rare occasion where you come across unscrupulous traders, you can track down the seller physically using local law enforcement and prosecute them in a court of law to recover your money or get compensated for any other accruing damages. Going after fraudulent international sellers and recovering your money can be a bit tricky.

How to purchase bitcoins through a cash deposit through localbitcoins

If you’re looking for how to buy bitcoins with direct deposit localbitcoins, or how to buy on localbitcoins cash deposit,then follow the steps outlined below:

Log in and go to the homepage or buy bitcoins page and search for sellers with cash deposit as their preferred (or one of the preferred) payment method(s).Select advertiser and enter the amount of bitcoins you want to buy.

It will show you how much you should pay in your local currency.Receive sellers account number and make deposit.Confirm deposit and upload deposit slip as proof of completed cash deposit.Receive purchased bitcoins into Localbitcoins wallet.

The above simple steps should guide any buyer on how to purchase bitcois through a cash deposit through localbitcoins or any other method. If you have questions leave a comment.

Tagged With: How do you receive your bitcoins localbitcoins, How long to receive bitcoins on localbitcoins, How to anonymously buy bitcoins on localbitcoins, How to buy bitcoins online western union localbitcoins Source : https://localbitcoinswiki.com/how-to-buy-bitcoins-on-localbitcoins/

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coin-news-blog · 6 years ago

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Indian Crypto Trading Volumes Accelerate on Positive Sentiments

New Post has been published on https://coinmakers.tech/news/indian-crypto-trading-volumes-accelerate-on-positive-sentiments

Indian Crypto Trading Volumes Accelerate on Positive Sentiments

Strong Trading Volume Growth

Weekly BTC trading volumes in INR on Paxful.

Diwali Festival and Crypto Trading

Indian Crypto Bill and Regulation

We’ll continue the campaign and we’re sure our elected representatives will hear our demands and help the crypto sector in India.

Meanwhile, the banking restrictions imposed by the central bank are still in effect. The ban has been challenged in the supreme court, which is expected to resume hearing the case on Nov. 19.

Source: news.bitcoin

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vanessawestwcrtr5 · 7 years ago

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Bitcoin as the Ultimate Haven from Hyperinflation: A Country By Country Analysis Of Worldwide Fiat Currency Inflation – Crypto.IQ

Bitcoin was created during the Great Recession that started in 2008, when the governments of the world printed trillions of dollars to bail out banks and corporations. Satoshi Nakamoto intended Bitcoin to be a decentralized form of money that could not be printed by governments at will. In the the Genesis Block Satoshi included the message “The Times 03/Jan/2009 Chancellor on brink of the second bailout for banks.”

Fiat currencies continue to be the dominant form of global currency, but it seems logical that, if fiat currencies were to hyperinflate and collapse, Bitcoin would become the dominant global currency.

This is because Bitcoin can be sent instantly anywhere in the world and is cryptographically secure. It is easy enough to integrate Bitcoin into any e-commerce store or physical store, and the customers of the future will be able to send Bitcoin from their smartphones via QR codes. Therefore, if fiat currency becomes obsolete, Bitcoin could seamlessly take its place and keep the global economy running.

There has been plenty of hype that fiat currencies are collapsing, but this article will explore the current state of major fiat currencies in the world to ascertain the true situation. This is important information since the rate of fiat currency inflation by country is an important factor that will determine Bitcoin adoption rates and ultimately Bitcoin’s price.

United States’ Inflation Rate

The United States is perhaps the best place to start an analysis of global fiat inflation, since the USD is the world’s dominant fiat currency and perhaps the most stable long term. That being said, there is 2-3 percent annual inflation in the United States.

If we split the difference at a 2.5 percent annual inflation rate, it means $100,000 stored in a bank will lose a whopping $22,400 of value over the course of 10 years, corresponding to 22.4 percent inflation per 10 years. Therefore, even in the United States, saving money long term seems impractical, and this essentially forces people to risk their savings by investing in the hopes that the money earned from investing will outpace inflation.

It appears inflation will only worsen in the United States since the national debt is approaching $22 trillion, with a budget deficit of $1 trillion per year and growing. This situation will likely lead to increased money printing, which would increase the inflation rate. Therefore, saving money in USD long term does not make financial sense. Bitcoin is an alternative way to store money long term, although Bitcoin has yet to mature and can be extremely volatile from year to year.

Euro (EUR) Inflation Rate Is 37.5 percent Relative To USD During The Last 10 Years

One of the primary global currencies besides the USD is the Euro (EUR). For the rest of this global analysis, fiat currencies will be compared to the USD exchange rate to determine inflation, but it must be kept in mind that the USD itself is inflating at the rate of 2 to 3 percent per year.

When the EUR launched in 1999, the exchange rate was one USD per 0.85 EUR. By 2002 the EUR weakened to 1.16 EUR per USD. The EUR then entered a period of vigorous strengthening, and the exchange rate fell to 0.64 EUR per USD by 2008. The Great Recession caused the EUR to begin weakening versus the USD long term, and currently each USD is worth 0.88 EUR. This represents 37.5 percent inflation relative to the USD in roughly 10 years.

Back to the storing money in a bank analogy, $100,000 of EUR stored over the past 10 years would have lost the EUR inflation rate + the USD inflation rate. With this sort of inflation rate it seems dangerous to store money in EUR long term.

It gets worse. The EUR is one of the top global fiat currencies, and there are many currencies doing worse than the EUR.

United Kingdom’s Pound Has 65 Percent Inflation Relative to USD in 11 Years

The United Kingdom (UK) is one of nine European Union (EU) countries that does not use the EUR, and eventually, the UK will leave the EU via the Brexit. However, the native Great Britain Pound (GBP) has done far worse than the Euro, with the exchange rate going from 0.48 GBP per USD in 2007 to 0.79 GBP per USD currently. This is 65 percent inflation relative to the USD during the past 11 years.

Canada’s Inflation Rate Is 45.2 Percent Relative to USD During the Last 7 Years

The United States’ neighbor to the north is similar to the United States in many respects. It is a fully developed and industrialized first world country. However the native fiat currency, the Canadian Dollar (CAD), has been experiencing severe inflation since the Great Recession. In 2011 1 USD was worth 0.95 CAD, and now the exchange rate is 1.36 CAD per USD. This represents 43.2 percent inflation relative to the USD since 2011, and of course, the USD has an underlying inflation rate as well of 16.2 percent during the last 7 years.

Even in the first world country of Canada, it is becoming impossible to save cash for retirement or even for short-term goals like buying a house, forcing people to invest in the risky stock market.

Mexico’s Inflation Rate Is 97.6 Percent Relative to the USD During Past 10 Years

Since the 2008 financial crisis, the exchange rate of the Mexican Peso (MXN) has gone from 10.12 MXN per USD to 20 MXN per USD. This represents 97.6 percent inflation relative to the USD, and USD inflation means the true Mexican inflation rate is well over 100 percent per 10 years. This sort of inflation rate ensures that people have to work their entire lives and can never retire, and overall, this sort of inflation can cause the entire economy of Mexico to struggle. Bitcoin seems like an obvious alternative to holding MXN long term.

It is quite shocking that a country bordering the United States has such high inflation, yet the mainstream media never mentions it.

Russia Has 194 Percent Inflation Relative to USD Since the 2008 Great Recession

Russia is a global superpower, with a gross domestic product (GDP) of $1.58 trillion versus the United States’ $19.39 trillion GDP. Despite being a superpower, the native currency of Russia, the Russian Ruble (RUB), has gone from 23.48 RUB per USD in 2008 to 69.08 RUB per USD currently. This yields a 194 percent 10 year inflation rate relative to the USD. Clearly, the Great Recession that started in 2008 is a common point when fiat inflation accelerated in many countries around the world.

Japan’s Inflation Rate Is 46 Percent Relative to USD Over the Past 7 Years

Japan is a first-world country and has one of the most important stock markets in the world. The GDP of Japan is ranked number three in the world at nearly $5 trillion. However, its inflation rate is far higher than the United States, at least since 2011. In 2011, the exchange rate was 76 JPY per USD, but it has now risen to 111 JPY per USD, a 46 percent inflation rate relative to the USD over the past 7 years. This is actually almost exactly the same as Canada’s inflation rate.

China’s Inflation Is Only 14.4 Percent Relative to USD Since 2013, but China Tightly Controls the CNY

China is the second ranking economy in the world with a $12 trillion GDP. Its position as the number one trading partner of the United States gives it power to manipulate the exchange rate of its native currency the Chinese Yuan (CNY). The CNY actually strengthened greatly versus the USD until 2013, when China relaxed its control over the CNY exchange rate to make it more competitive in the global import and export markets. Chinese control over the CNY and therefore, control over the profitability of Chinese imports, is a primary reason for the “trade war” between China and the United States.

Since allowing the CNY to lose value relative to the USD, the exchange rate has gone from 6.04 CNY per USD in 2013 to 6.91 CNY per USD currently, a 14.4 percent inflation relative to the USD in 5 years. China is an outlier and has one of the lowest inflation rates relative to the USD.

Switzerland Has One Of The Lowest Inflation Rates At Less Than 5 percent Relative To The USD In 7 Years

Switzerland has remained independent of the European Union and does not use the EUR. Instead, it uses the Swiss Franc (CHF). The CHF actually strengthened greatly relative to the USD during the Great Recession, but the trend reversed in 2011. There was a rapid devaluation of the CHF relative to the USD from 0.76 CHF per USD to 0.94 CHF per USD during 2011. In The 7 years since then, the CHF has roughly five percent inflation relative to the USD and sits at 0.99 CHF per USD currently.

That being said, it cannot be forgotten that the USD itself is experiencing 2.5 percent inflation per year, so even countries that have low inflation rates relative to the USD have a significant inflation rate overall.

India Has Seen 79 Percent Inflation Relative to USD Since the Great Recession Began

India has the sixth highest GDP in the world at $2.6 trillion, and the second highest population at 1.34 billion. Since the Great Recession began, the Indian Rupee (INR) has gone from 39.18 per USD to 70.14 INR per USD, a 79 percent inflation relative to the USD in 11 years. Unfortunately, India is slowly making Bitcoin more illegal and could fully outlaw it, so citizens may have to break the law in the future in the event that inflation accelerates and Bitcoin becomes a preferred way to store money.

Indonesia Has 76 Percent Inflation Relative to the USD in Seven Years

Indonesia has a population of 265 million, not far behind the United States, but its GDP is 20 times less than the United States at $1 trillion. Part of the reason Indonesia’s economy is weaker may be that the native fiat currency, the Indonesian Rupiah (IDR) has gone from 8,250 per USD in 2011 to 14,550 IDR per USD currently. This is 76 percent inflation relative to the USD in 7 years, around the same rate as India. However, Indonesia has banned Bitcoin as of 2018, which would make it difficult for citizens to use Bitcoin in the event inflation spirals out of control.

Brazil Has 152 percent Inflation Relative To USD In Past Seven Years, Despite Being the Strongest Economy In South America

Brazil has the most powerful economy in South America with a $2 trillion GDP. However, South America as a whole is experiencing out of control hyperinflation, and Brazil seems to be feeling the effects. The Brazilian Real (BRL) has gone from 1.55 per USD in 2011 to 3.91 BRL per USD currently. This is 152 percent inflation relative to the USD in 7 years. There does not appear to be any inflation safe haven in South America, and this could make South America a Bitcoin adoption hotspot.

Venezuela Has Ridiculous Inflation Around One million percent Per Year; Bolivar Collapsing

The end game of fiat currency inflation, if left unchecked, is currency collapse. A classic example of currency collapse is the situation in Venezuela, where the Cafe Con Leche Index suggests 400,000 percent inflation per year, although if a shorter term average is used it is 1 million percent per year or more. It would be shocking if the native fiat currency of Venezuela, the Sovereign Bolivar (VES), is still usable one year from now. Bitcoin is legal in Venezuela, and there is plenty of news which indicates people are abandoning the VES for Bitcoin.

South Korea Has Zero Inflation Relative to the USD

South Korea is considered a powerful economy relative to most of the world, with a GDP of $1.5 trillion despite the country’s small size. The South Korean Won (SKW) has essentially zero inflation relative to the USD long term aside from an exchange rate shock during the 2008 Great Recession. That being said, inflation is still a reality in South Korea since the USD has average inflation of 2.5 percent per year.

Australia Has 53 Percent Inflation Relative to the USD in Seven Years

Australia essentially has a continent to itself, but it is not isolated from the global fiat inflation crisis. The AUD actually strengthened massively versus the USD from 2001 to 2011. However, the trend reversed, and the exchange rate has gone from 0.93 AUD per USD in 2011 to 1.42 AUD per USD currently. This is 53 percent inflation relative to the USD in seven years.

Israel Has Zero Inflation Relative To USD Long Term

Israel is in the Middle East but does not have strong connections to the economy of the rest of the Middle East and, apparently, a different monetary policy than most of the rest of the world. Israel is only comparable to the United States, South Korea, and perhaps Switzerland when it comes to fiat currency since the Israeli New Shekel (ILS) has practically zero inflation relative to the USD long term although there are shorter term oscillations. Like the other countries listed with zero USD relative inflation, inflation still exists because the USD itself is inflating.

In total, there are 180 fiat currencies in the world, and here, we’re covering just 16 of them. We could keep going, but the trend is already clear. Even in major countries with powerful economies, inflation has become a serious issue, with some major countries experiencing 50-200 percent inflation relative to the USD over the past decade, and those numbers don’t even take in the 2.5 percent per year USD inflation underlying them.

It is possible that worldwide fiat inflation will accelerate due to the growing global debt crisis. That’s especially true if an economic recession occurs since that would force a rapid increase in money printing.

So we’re in a global situation that needs to be actively monitored. Even if the status quo is maintained long term, most of the world’s population cannot realistically save money for the future because it’s going to lose value over time. This is a major shift from our parents’ generation when saving money was the smart thing to do.

The good news is Bitcoin is waiting on the sidelines. It’s ready to become the global currency if fiat currency collapses worldwide. Even if fiat does not totally collapse, perhaps once Bitcoin matures and becomes more stable, it will be a good option for saving money long term since its value is independent of fiat inflation.

Original Source http://bit.ly/2EOSnso

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adrianjenkins952wblr · 7 years ago