Unless someone has been living under a rock for the past few years, there is no way to not recognise the world’s largest cryptocurrency i.e., Bitcoin (or BTC). Since the year of 2009, when it was created by an anonymous creator Satoshi Nakamoto, bitcoin has been a rewarding opportunity to make profits. As of today, more than 100 million people are proud bitcoin owners and around half of that figure represents the number of bitcoin traders in the world. This article serves as a guide to all those who want to know how to learn Bitcoin Cryptocurrency Trading in India.
Most of the bitcoin advocates are people belonging to the new generation because they believe in new technologies and innovation more than the traditional financial markets.
Truths about trading forex with bitcoin in India
- A bill to ban cryptocurrencies was proposed to the Supreme Court of India which has not yet passed and remains under consideration. Read more about the proposal here https://www.reuters.com/article/uk-india-cryptocurrency-ban/india-to-propose-cryptocurrency-ban-penalising-miners-traders-source-idUSKBN2B60QP
- However, the Supreme Court has banned bitcoin trading all over India. Financial institutions and banks are no longer allowed to involve with crypto dealings.
- Investors have the option to deal with cryptos including through reliable and legally operating crypto exchanges based in India such as WazirX, BuyUcoin, and Unocoin, etc.
- Knowledgeable forex traders in countries other than India, trade bitcoin CFDs using regulated and best-in-class bitcoin brokers such as IG, AvaTrade, and eToro.
Things to consider before learning to trade forex with Bitcoin
The bitcoin market turned 12 years old this year and it is observed as a matured alternative asset for millions of people. The global cryptocurrency market capital recently crossed $2.5 trillion this month leaving behind giants like Tesla, Facebook, and Apple Inc. Many have joined this bullish bandwagon to unlock new opportunities but any investors considering doing the same should be aware of the many benefits and risks.
Any Potential investor should consider concerns regarding liquidity, regulation, volatility, and pseudo-anonymity before dealing with forex using bitcoin. It is true that until now, bitcoin has never been directly hacked but often stolen from different exchanges and wallets.
Following resources can help you find information on how to learn forex trading in India with bitcoin.
1. Resourceful websites
Due to bitcoin’s growing popularity, countless websites offer standard knowledge regarding the first cryptocurrency in the world.
Bitcoin.org
Based on the information on this one of the oldest websites about bitcoin, it was registered and owned by Satoshi Nakamoto and fellow bitcoin developer Martti Malmi. This is the first and ultimate learning resource for anyone interested in bitcoin, its software, and its system.
Features:
- Bitcoin.org acts as an independent open-source project which includes information and resources collected from countless contributors all over the globe.
- Including a basic rundown regarding the bitcoin project, you can find updates, fixes, suggestions, and improvements on this website.
- The website has value as well as historic information that dates back to the time of the release of bitcoin core versions.
Check out definitive resources about bitcoin on https://bitcoin.org/en/resources.
Bitcoin Wiki
Synonymous to a bitcoin Wikipedia, this one is also one of the oldest learning resources available for free online that helps beginners understand features and the idea of bitcoin since April 14, 2010. It consists of 1,272 pages with valuable information.
Features:
- There are several technical articles available for reading and learning about how a blockchain works.
- Bitcoin traders get reliable information regarding how to get started and what to avoid during crypto trading.
- The site also contains genuine advice such as how to secure your bitcoin wallets and best practises for crypto traders to follow these days.
Browse the constantly updated site of https://en.bitcoin.it/wiki/Main_Page today.
2. Free online courses
Bitcoin trading could be a massive opportunity for either making profits or facing unparalleled losses for beginners. It involves a lot of learning experiences for traders through online courses that help them avoid obvious scams and pitfalls of the market.
Coursera’s Bitcoin and Cryptocurrency Technologies (by Princeton University)
Coursera is known as one of the leading free high-quality courses providers which cater to global online users. This particular crypto-based learning course makes cryptography easy to understand for beginners through series of videos.
Features:
- This Princeton University-developed free course educates people about the basics of blockchain cryptography and allows them to implement it for practicing.
- Information regarding bitcoin mining and safe storage is explained in this course by an expert lecturer.
- There are no certifications for completing this course but that should not discourage people interested in learning how to make use of bitcoin.
- This course focuses on all stable and secure features associated with bitcoin and also its principles are presented in the form of useful information.
Enrol for this course for free on https://www.coursera.org/learn/cryptocurrency#
Coinbase Learn
Coinbase is considered one of the world’s most trusted and legally compliant crypto company which offers several useful services like a world-class crypto exchange, crypto custodial, and a helpful crypto learning resource called Coinbase Learn.
Features:
- In addition to crypto basics, people get the opportunity to access Coinbase’s special tips and tutorials section to find answers to the most confusing questions about crypto.
- On Coinbase Learn, beginners get access to several guides, tips, and quick market updates that helps even experienced investors.
- Besides many freely available features of Coinbase Learn, it also offers a crypto resources guide which tells you what to read, watch, and stream to increase knowledge about bitcoin and crypto markets.
Give https://www.coinbase.com/learn a try and become accustomed to bitcoin markets.
Coinbase Earn
The best way of learning anything these days is when people get something more than the knowledge in return and the Coinbase Earn option allows you to do that. This is a collaborative resource where you learn about various cryptocurrency projects, not just bitcoin, and earn cryptos as a result.
Features:
- It is a helpful as well as a rewarding way to learn more about specific crypto projects without having to trade anything.
- Coinbase Earn helps you diversify your crypto portfolio which helps you during crypto winter and decreases a trader’s dependency on bitcoin.
- Coinbase Earn works in a simple way which is presenting educational videos to teach people about various altcoins after which they have to complete an easy quiz to earn a crypto reward that is directly paid to their Coinbase wallet.
Unlock earning opportunities through learning with https://www.coinbase.com/earn.
3. Free books
For those who still prefer reading books and manuals to learn about something new like cryptocurrency markets, there are some very helpful textbooks available online. On the other hand, one could simply follow blog series written by experts in Bitcoin that help break down the mystery around this complex concept.
Mastering Bitcoin: Programming the Open Blockchain
This unique book has been written by Andreas Antonopoulos who crypto enthusiasts know and admire as one of the best spokesmen for bitcoin and blockchain technology in the modern world. This particular publication of Antonopoulos has inspired several people to enter the crypto trading world and become a part of the bitcoin community.
Features:
- Recently a second edition has been revealed for the book which includes a broad introduction to blockchain technology in an easy-to-understand approach for users who prefer non-technicalities.
- The book is easily available for online purchases and serves as a perfect guide for anyone interested in learning about the ultimate decentralised digital currency, bitcoin.
- The second edition is not only expanded but also revised to relay knowledge about the currency of the internet properly.
The most fascinating attribute of knowing how to trade forex with bitcoin is that people from every corner of the world are presented with the same opportunities to make use of the freely available information, analysis, and platforms.