What is Bitcoin and how does it work, what is Bitcoin and why? Bitcoin earning business, how much money is 1 bitcoin



What is Bitcoin and how does it work, what is Bitcoin and why? Bitcoin earning business, how much money is 1 bitcoin

What is Bitcoin, how does it work, where is it kept,  you will have many questions in your mind. Everyone's life has become easier today because of the internet. From getting all kinds of information to shopping, ticket booking etc. we are able to do everything with the help of internet.

Nowadays it is possible to earn money with the help of internet. There are many ways to make money from home on the internet. One of those ways is Bitcoin , due to which we can earn a lot of money.

Some of you must have heard about Bitcoin and those who don't know anything about Bitcoin, today they can know through this article. Yes, today I will tell you what Bitcoin is.

What is Bitcoin - What is Bitcoin in Bengali

Bitcoin is a virtual currency. Like other currencies like rupees, dollars etc., Bitcoin is also a digital currency. It is completely different from other currencies because we cannot see or touch Bitcoin like money.

We can only store Bitcoins in an online wallet . Bitcoin was invented by Satoshi Nakamoto in 2009 and has been growing in popularity ever since. Bitcoin is a decentralized currency, meaning there is no bank or authority or government to control it, i.e. no one owns it.

Anyone can use Bitcoin just like we all use the internet and it has no owner, so is Bitcoin.

Why is Bitcoin used?

We can use Bitcoin to make online payments or do any type of transaction. Bitcoin works on peer to peer network basis which means people can easily transact with each other directly through any bank, credit card or any company.

Bitcoin is considered the fastest and most efficient to use in transactions. Nowadays many online developers, entrepreneurs, non-profit organizations etc. are accepting Bitcoin and due to this Bitcoin is being used for global payments all over the world.

As we transact online using other currencies, we have to follow the payment process of our bank, only then we will be able to make the payment and account of every transaction made by us is present in our bank account so that it can be traced. Where and how much money is spent, but nobody owns bitcoin, so transactions made with it are recorded in a public ledger (account) called the bitcoin “blockchain”.

There, the details of all transactions made with Bitcoin are stored and the proof of whether the same blockchain transaction has taken place or not.

Bitcoin rate today

Bitcoin is worth around $11,855 today, meaning one bitcoin is worth 8,85,000. Its value fluctuates because there is no authority to control it, so its value changes according to demand.

What is Bitcoin Wallet?

We can only store bitcoin electronically and need a bitcoin wallet to hold it. There are many types of Bitcoin wallets such as desktop wallets, mobile wallets, online / web based wallets, hardware wallets, using one of these wallets, we need to create an account in it.

This wallet gives us a unique ID in the form of an address, like if you have earned bitcoins from somewhere and you need to store it in your account, you need that address there and with that you can transfer bitcoins to your account. You can keep it in your wallet.

Besides, if you want to buy or sell bitcoins, you need a bitcoin wallet and then the money you get for the bitcoins you sell, you can transfer it to your bank account through bitcoin wallet.

How to earn bitcoins?

We can earn bitcoins in three ways . Here we have given complete information on how to create a Bitcoin account.

1. The first way is if you have money, you can directly buy a bitcoin by paying $999. Not even if you want to buy Bitcoin, you have to pay the full $999, you can buy “Satoshi”, the smallest unit of Bitcoin.

Just as we have 100 paisa in 1 rupee in India, 1 bitcoin has 100 million satoshi, so if you want, you can buy small amount of bitcoin satoshi and gradually accumulate 1 or more bitcoins. When you have Bitcoin and its price increases, you can sell it to make more money.

2. Another way is that if you sell a product to someone online and if that buyer has bitcoins, then you get bitcoins in exchange for money, in this case you sell those products to them and you also get bitcoins which are stored in your bitcoin wallet.

If you want, you can later sell those bitcoins to other people at a higher price to make a profit.

3. The third way is Bitcoin mining. For this we need a computer with high speed processor which should also have good hardware. We only use Bitcoin for online payments and when someone pays with Bitcoin that transaction is verified.

Those who verify them, we call them miners and those miners have high performance computers and GPUs and they verify transactions through it. They verify whether the transaction is correct or if there is any tampering in it. In return for this verification, they receive some bitcoins as a reward and thus new bitcoins enter the market.

Anyone can do this, it requires a computer with a high speed processor, which is not in everyone's budget to buy.

Just as every country has a limit on how many notes you can print a year, Bitcoin has some limitations and no more than 21 million Bitcoins can enter the market. That is, the Bitcoin limit is only 21 million, more Bitcoins than that will never be available.

Talking now, about 13 million bitcoins have hit the market and new bitcoins will now come through mining.

What are the benefits of using Bitcoin?

1. Here your transaction fees are much lower than paying through credit cards and debit cards.

2. You can send bitcoin anywhere in the world and anytime without any hassle.

3. There is no account block in Bitcoin, like sometimes the bank blocks our credit or debit card for some reason, then that problem does not happen here.

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5. If you are not monitored by any government or authority on the transaction process of Bitcoin, then there are many people who use it for wrong purposes as well, then it is beneficial for them.

What are the disadvantages of using Bitcoin?

1. There is no authority, bank or government to regulate bitcoin, so due to this, bitcoin price fluctuates a lot, then it becomes somewhat risky.

2. If your account is ever hacked you will lose all your bitcoins and it cannot be recovered, no one can help you with this.

How to buy bitcoin?

You can buy bitcoins like gold, that too in Indian currency. So let us know that there are websites in India from where we can easily buy Bitcoins, that too in our own currency.

Here on these websites, you can easily see their fair price, that too in real time. Read here for detailed information on how to buy bitcoins.

1. Wazirx

2. Unocoin

3. Jebpay

1. Wazirx

Wazirx is currently the most preferred and widely used cryptocurrency exchange in India. In this, anyone can buy and sell cryptocurrencies very easily. At the same time, its UI is very nice and intuitive to use. At the same time, you will see many new features in it.


1. Accessible Across Platforms – You can access WazirX trading platform on many different platforms. Be it web, android smartphone, apple ios mobile, windows and mac system.
2. Range of cryptocurrencies – You can trade around 100+ cryptocurrencies with USDT. USDT is actually a Tether USD coin backed 1:1 by the US dollar.
3. Speed ​​Transactions – Their platform is very stable and has the capacity that it can easily handle crores of rupees transactions easily.

how to buy

If you want to buy Bitcoin or any other crypto currency, you can buy it by visiting the Uzirx website.

Note: – If you want referral code, then definitely use “x62d4j95”.

2. Unocoin

Unocoin is a very friendly website that anyone can use. Through this you can buy and sell bitcoins very easily. Unocoin has many features that make it different from others.


1. Zero % Fees – Unocoin charges no fees for customers to accept Bitcoin as a payment method

2. Easy Integration – You can easily integrate your business with Unocoin.

3. 0% Volatility Risk – If there is some fluctuation in Bitcoin price, you can keep Bitcoin or you can sell instantly.

4. No Chargeback – If you use Unocoin you will not have to pay any chargeback.

5. OTC Trading (Over the Counter)

6. Bitcoin Auto Sell

7. Netkey – You can create your own Bitcoin address that anyone can read

8. 2 step authentication for more security

how to buy

If you want to buy Bitcoin, you can visit the Unocoin website and buy it.

Note: If you want referral code, then definitely use “U-124697” so you can easily get 200/-Tk Bitcoin.

3. ZebPay

Zebpay is a very user friendly website from which you can easily buy Bitcoins. Zebpay has access to many vendors so it provides more convenience.


1. You can also top-up your mobile and DTH with Bitcoin.

2. You can buy vouchers from Amazon, Flipkart and MakeMyTrip so you can save up to 10%.

3. The fastest way you can buy bitcoins.

4. It is very safe.

5. Lowest price in the market.

6. You can also buy from mobile using the app.

how to buy

If you want to buy Bitcoins, you can do so by visiting the ZeePay Android app.

Note: If you want referral code, then definitely use “REF77839482” so you can easily get 100/-Tk Bitcoin.

Our last words

So guys, I hope you must have liked an Article ( What is Bitcoin , how it works and how to earn?). I always wish that you always get the right information. If you have any doubts about this post, you must let us know by commenting below. Finally, if you like the Article ( What is Bitcoin ), then definitely Share the Article on all Social Media Platforms and with your friends.

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