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Coin Code Price Market Cap Trading Volume Bitcoin BTC ₹177,926.75511031 ₹2,919,495,503,673.0 ₹10,806,228,536.8 The value of Bitcoin for today is ₹177,926.75511031.It has a current circulating supply of 16.4 Million coins and a total volume exchanged of ₹10,806,228,536.8 .Buy Bitcoin Instantly BolehVPNBest VPN in Town Your Ad Here?View Full Chart 24h 7d 14d 30d 60d 90d Max Date Price (INR) 2 minutes ago 177,926.75511031 10 minutes ago 178,161.42702994 19 minutes ago 177,921.44529831 30 minutes ago 177,921.44529831 39 minutes ago 177,813.53705107 about 1 hour ago 177,728.26427339 about 1 hour ago 177,728.26427339 about 1 hour ago 177,846.87519368 about 1 hour ago 177,892.07875350 about 1 hour ago 177,892.07875350 Your Favorite Altcoin Not Listed Here?What is Bitcoin?Bitcoin is the world’s first digital decentralized currency and payment network.
It helps us connect financially just like the Internet has helped us connect socially.It is the modern way to send money.Bitcoin enables borderless, permissionless, fast and cheap access to the world of finance.Bitcoin stands out as perfect money.It is scarce, divisible, durable and portable.Bitcoin is the Internet of money.Learn MoreBuy bitcoins online in India Seller Payment method Show more… Sell bitcoins online in India Buyer Payment method Show more… Buy and Sell Bitcoins in these popular cities in India City Trading AmountHome > HTTP Status Code 404: Not Found Get an XE account Access premium XE Services like Rate Alerts.Unocoin is India's most popular bitcoin company Open an account have a coupon code?To open a free bitcoin wallet account, enter your email, choose a password and then click 'Sign Up'.We make it easy to buy, sell, store, use and accept bitcoin Buy Start buying and selling bitcoin through your Indian bank account.
Use Store your bitcoin securely in your Unocoin wallet or vault.Accept Accept bitcoin from your friends and customers around the world.Unocoin calculator for Buying Bitcoin Unocoin calculator for Selling Bitcoin Buy and Sell bitcoin Easily buy bitcoin with INR from any online banking or through NEFT/RTGS.Selling bitcoin is just as easy, you will receive INR directly into your bank account.All banks that have IFSC are currently supported.bitcoin magazine couponUnocoin's responsive design means that you will be able to use the service on any desktop, laptop, tablet or mobile phone by simply logging in through any browser.fedora 20 bitcoin clientSign Up Bitcoin Quotes... "Bitcoin is a technological tour de force."bitcoin 80 bytes"Bitcoins per se are not illegal in India.
This is in consonance with international approach.""Unocoin has the potential to become the leading bitcoin company in India for buying, selling and storing bitcoin, as well as merchant processing.""It's money 2.0, a huge huge huge deal.""Dell is now the world's largest ecommerce business to accept bitcoin" As a currency As a growing asset As a Gift Nafa.in Buy e-commerce platform vouchers by paying in bitcoin.Life on Bitcoin Stay and dine in hotels using bitcoin.Freelancers for bitcoin You may pay in bitcoin to get freelance work done or you may do work and get paid in bitcoin.Bitcoin is a wonderful gift for those you care about most.It may be exchanged for products, converted to local currency or even preserved for the future.Unocoin enables you to send bitcoin to your loved ones through email.The introductory email also includes a brief description of bitcoin and highlights the unqiue properties of this powerful protocol.Register now to start gifting bitcoins to your loved ones and have them love you even more!
Bitcoin is the world's first open-source decentralized digital currency (a digital token that has a perceived value) and payment network (that can be used to send and receive the bitcoin itself).Due to its many unique properties, Bitcoin allows exciting uses that could not be achieved by any previous payment system.Tweets by @unocoin Featured in... Registration process going on... Signing-In... Resetting password is in process...We offer an easy way to compare the price of bitcoin to INR with our charts and currency exchange rate.Bitcoin aka Internet Money aka Future of Money is the talk of the town.If you haven’t been living under a rock for the past 6 years, you must have heard about Bitcoin by now.Bitcoin has come a long way after debuting in 2009 when the financial crisis was still underway.Back then one Bitcoin was worth less than a dollar.2016 was a remarkable year (and it looks like 2017 will be as well) for Bitcoin.There were some scalability innovations that took place and the price per Bitcoin reached the highest in over two and a half years.
Bitcoin is a great deal for small businesses.When you swipe your card every time you shop, the store has to pay a hefty card processing fee.Those fees significantly shrink when customers shop using Bitcoin.Also in developing countries where people don’t have bank accounts but do have phones, Bitcoins can play a major role in how people transfer money to one another.India is a great example of this – where Bitcoin is thriving, partly due to demonetization.Though, a vast majority of India is still unaware about Bitcoin.In a bid to fight corruption and terrorism, on November 8, 2016, Prime Minister of India Narendra Modi shocked the nation by demonetizing Rs.1000 currency notes – sparking a new interest in the digital currency and other cashless mechanisms such as internet banking, digital wallets, credit cards etc.The demonetized notes amounted to 86% of India’s cash in circulation.India is a country where 87% of transactions are done in cash.This resulted in long queues at the ATMs and banks for weeks.
There was not enough cash with the banks to dispense.People holding cash could deposit their money in the bank accounts or exchange for new Rs.2000 notes before 30 December.People who were hoarding “black money” (unaccounted cash) could not deposit money into their accounts because banks were keeping a close eye on suspicious deposits.What options do these people have?Let go all of their money?Well some of them did exactly that.Old notes were found floating in the river.While others turned to look for commodities to hedge the risk of an economic slowdown; some bought gold, some bought silver.What did government do to curb this?They started raiding gold jewellers.When gold wasn’t working, people were buying silver which significantly increased the demand of silver.Interestingly Fergal O’Connor, a senior lecturer in Finance at the University of York (my alma mater), stated that a 10% reallocation from gold jewelry investment to silver could double world silver demand, which could cause a drastic change in the silver market.
With gold and silver being targeted by authorities, these souls saw Bitcoin as a safe haven.Using their connections and by paying up to 30-35% premium they started buying Bitcoins with cash.Bitcoin price started to surge and weekly volume of bitcoin trading nearly doubled.As compared to other countries like the US, the UK and China where the total Bitcoin trade value is around Rs.10,000 crore per day, India still lags at Rs 500 crore (per year) with 700-800 Bitcoin traded every day.Not to forget, India is one of the largest remittance markets with a total value of more than $70 billion.On this a user usually pays up to 15% in bank charges and conversion fees.This is where Bitcoin’s true potential lies.Sandeep Goenka, founder of Zebpay, one of the largest Bitcoin exchanges in India, said that post demonetization his exchange is now adding about 50,000 new users per month and the queries have gone up by 30 percent.He said, “We hail the unprecedented move by PM Modi’s vision for a cash less and corruption free India.
More people have started looking at Bitcoins and interest has surged.We are working hard so that Bitcoins and this technology can help fulfill the government’s dream.” Unocoin, another India’s leading Bitcoin exchange said the average number of daily visitors to its website has spiked to 14,000, compared to roughly 4,000 prior to demonetization.“We are seeing an increased demand for Bitcoin and India clearly has shortage of supply, making the demand and lack of liquidity push up prices of Bitcoin as compared to global exchanges” said Mohit Kalra, CEO, Coinsecure.As mentioned earlier, countries like the US and China with large liquid Bitcoin markets, can lead the global price, but when a smaller market experiences a big change it doesn’t trigger a global effect, and it creates arbitrage opportunities.Before demonetization, Bitcoin prices in India were hovering between $866 to $896 per Bitcoin; with 18 days after demonetization the prices surged from $757 to $1020.The demand in India was so high that Indian Bitcoin price was nowhere close to rest of the world’s.
It was trading at $100 premium on Indian exchanges creating huge arbitrage opportunities.Lots of people in the know that had bank accounts in India and the US took advantage of the situation.They bought Bitcoins in the US and sold them in India making a decent profit.To understand how Bitcoin may progress in India it will be beneficial to know the role gold plays in Indian society.An American couple’s most valuable asset is typically their home, income and education.An Indian couple’s possession of gold touches on all these areas.It is fair to compare Bitcoin to gold, as they both are liquid commodities.Bitcoin as a result can be seen in the middle of fiat currency and gold – only lacking the cultural weight that gold has.After two months of demonetization circus the situation looks under control.Bitcoin prices have also settled down to normal.But experts believe these arbitrage opportunities will come again.All we have to do is wait and watch the crazy Bitcoin price fluctuation.The real impact of demonetization will be long term.