What Is The Cost Of Buying Bitcoin?

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Bitcoin is making gains for investors like no other financial instrument, at the same time it exposes the buyer to a great deal of price volatility. Indian government time and again has red flagged investors and dealers against dealing in bitcoins and similar cryptocurrencies as no legal framework regulating the system is currently present.

What Is The Cost Of Buying Bitcoin?

Here's a complete guide of the cost as well as the place from where you can procure the bitcoin

The bitcoins can be sourced from 4 different places from the exchange, get as trade or obtain in exchange of good or service as in the old-age barter system, mining or the last way to get it as gift.

Know how to buy cryptocurrency or bitcoin in India, here in detail.

Buying bitcoins is similar to buying any other financial asset that involves cost, in respect of minting. Different exchanges and brokerages charge a different fee for the same. It can be as less as 0.4-0.6% of the transaction involved in buying or selling and can go as high as 2%.

Also know about ways to make safe investment in bitcoins, here.


Story first published: Thursday, November 23, 2017, 13:26 [IST]
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