Cryptocurrencies, often referred to as virtual currencies, are currencies supported neither by the Government of India nor the Reserve Bank of India. These are digital assets secured by cryptography that are used as a medium of exchange. They are valid as they are backed by a blockchain system with an open, distributed ledger recording transactions.

Cryptocurrency exchanges are slowly getting accepted. There are many platforms that allow customers to trade cryptocurrencies for other assets, including conventional currency and other digital currencies. There are different forms of cryptocurrencies such as Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Cardano (ADA), Polkadot (DOT), Stellar (XLM), Binance Coin (BNB), and countless others in the market now. Currently, one bitcoin equals 26,44,199.55 Indian Rupees.

When you’re looking into digital cryptocurrency companies and startups, we recommend that you confirm that they’re blockchain powered,…

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