First of all, what is Bitcoin? You can find many theories regarding this but, in simple words it is a digital currency like ‘cryptocurrency’ system where the online transactions are made by the users.There are many benefits of using bitcoin as a payment system. Most of the major websites such as Amazon,Reddit, WordPress, etc are accepting bitcoin.
It is a game changer, imagine entire world using digital currency without actual currency. If you are not aware of bitcoin here are few things you must know: (1)There is no third party involvement so huge transactions can be made within few minutes. (2)Bitcoin wallets can be used on android, apple and PC so you can carry it anywhere.(3)In the coming years bitcoin can be a trending technology and the value might possibly increase.
You are missing out so much if you are not aware of this so called ‘digital gold’.
BITCOIN WALLET IN ANDROID:
You can simply install bitcoin app in your mobile and you don’t have to carry cash everywhere. In this case, you might be wondering you got credit or debit cards for that but trust me paying through bitcoin will be much more cooler.
In order to use it through phone you just have to upload your pan card details, bank details, address details some times more depending on the app .Later, after registering you will get the notifications regarding the price fluctuations of bitcoin making it easier to buy and sell.
Security is the first issue which comes to our mind when we are talking about online transactions. But, you don’t have to worry about that most of the apps are password protected and these mobile wallets are developed by experienced so can be used by consumers and sellers as well with trust.
For every transaction a separate code is generated and this code is unique for every transaction so you can check security off your list.
BEST BITCOIN WALLETS IN ANDROID:
ZEBPAY: This is one of the leading apps in India which has got huge user base and positive reviews.
UNOCOIN: This one is similar to Zebpay. According to users, it is simple and easy to use.
BITXOXO: This is similar to other two and had got very good reviews regarding support and service.
COINSECURE: It has got considerably lesser rates compared to other exchange.It is similar to Unocoin. Lowest fees.
These are some of the trending bitcoin apps in india.
ANDROID APPS FOR MINING BITCOINS:
Mining bitcoins is done through blockchain and then a new bitcoin is released. Unless you have an upgraded version of android you can’t mine or get new bitcoins.
But if you want to try mining new bit coins you can use following apps
- LTC MINER
- EASY MINER
But these apps does not verify safety and security of android apps in playstore.
Still, mining bitcoins consumes lot of time even though you have a best version of android but as the future of this currency is of huge demand it might as well be worthy.