Before you put a Rupees into Bitcoin or any other cryptocurrency, it is important to understand the risks. Bitcoin could easily make your investment double or even 10x times but it can also make your investment zero.
Note: We at wuzlla do not recommend someone to invest or trade in cryptocurrencies.
One should only invest money that they can afford to lose.
What is Bitcoin?
Bitcoin is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds,operating independently of a central bank. It can be used to make online transaction between individuals.
There are many success stories about bitcoins and as in real there are many loss stories about bitcoin because of the huge fall in past. It is become a hot commodity among the speculators.
The best Bitcoin wallet that we feel is best for India.
There are many Bitcoin wallets apps in the market like Unocoin, bitbns, coinsecure, koinex, etc.
It would be your specific features that you have to find out buy your own.
But if your question is which wallet do we prefer then the answer is we always prefer Hardware wallet as it supports more that 20+ currency and is secure than any of the online wallet in the markets.
Some of the wallets we prefer are…
- Ledger Nano S
As previously said we at wuzlla do not recommend someone to invest or trade in cryptocurrencies.
Do read our other post as well.