What will happen if India changes its currency from INR to Bitcoins?
Brian Bitcoin is highly scalable as the lightning network enables instantaneous transactions, which are much more efficient and faster than any transactions. It has even incorporated SegWit (the Segregated Witness soft-fork) to solve transaction malleability. The best part is that Bitcoin purchases are discreet, i.e the user can stay anonymous while making a transaction. Last but not the least, the BTC transaction costs are kept very low since Bitcoin transactions have no intermediary institutions or government involvement.
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INR to Bitcoin Exchange Benefits
When you initiate INR to Bitcoin exchange, you tend to earn rewards. Not only that, but that can also be considered as financial leverage. If your Bitcoin is treated as a purchase, then converting INR to Bitcoin will let you leverage the large credit lines, which can be profitable in times of price swings. But remember not to overspend, as that can land you in massive debt. Bitcoin is considered as a prestigious asset across the world and holding Bitcoin would be a wise decision as it is considered to grow exponentially.
Convert INR to BTC at Best Rates | INR to BTC Calculator
CoinSwitch is the world’s largest cryptocurrency exchange aggregator which supports trading of over 300 cryptocurrencies and more than 45000 pairs. CoinSwitch is an ideal place for ETH to BTC conversion. It provides the best rate for your trade. CoinSwitch compares world-leading cryptocurrencies exchanges and allows you to exchange your coins from the exchange which provides the highest rate at the moment.
If you are using CoinSwitch then you don’t have to visit multiple exchanges. You can trade from the exchange of your choice just from CoinSwitch. The user interface of CoinSwitch provides an effortless way to convert Ethereum to Bitcoin and to track your trades as well.
INR to Bitcoin Exchange - Store and Invest in Crypto
To exchange your fiat currency INR to Bitcoin, you need a Bitcoin wallet that you can download from any trusted wallet provider. CoinSwitch doesn’t keep your coins and you will receive Bitcoins in your own wallet once the INR to Bitcoin exchange process is completed.
Keeping your coins in your own private wallets is the best way to keep your cryptos safe. So you can buy Bitcoin with INR and keep it in your private wallet. CoinSwitch provides the list of major Bitcoin wallets as well, which you can use.