Who owns Bitcoin and which country’s currency is Bitcoin?

The owner of Bitcoin is Satoshi Nakamoto of Japan. He was born on 5 April 1975 AD in Japan. He created Bitcoin in the year 2009, at that time the price of Bitcoin was the lowest, but as time passed, big people started investing money in Bitcoin, only after that its price increased rapidly. .

And today it is the most expensive cryptocurrency in the world, which is not possible for every person to buy. Said of the owner of a bitcoin. That he has done many types of discoveries and research in the field of cryptocurrency.

Only after that he created Bitcoin. Apart from this, the technology used in Bitcoin has been invented by Satoshi Nakamoto. The symbol of Bitcoin is ₿ and it is also called as BTC. Today Bitcoin is used almost all over the world.

Who owns Bitcoin and which country’s currency is Bitcoin?

Friends, in today’s time you must have heard the name of Bitcoin. Bitcoin is the most expensive Cryptocurrency in the world. As you know that every country has its own currency and every country imports and exports goods from other countries in its own currency. But Bitcoin is a type of currency which you can neither see nor touch.

With this currency you can buy or sell anything in many countries. Do you know who is the owner of Bitcoin (Bitcoin Ka Malik Kaun Hai), which country’s currency is it? Apart from this, how does Bitcoin work, is Bitcoin legal in India, all such questions might be coming in your mind, if you answer those questions. If you want to know then I would request you to read this article till the end so let us know.

What is Bitcoin?

Bitcoin is a type of digital currency, it has no physical existence, you can neither touch it nor see it, rather its existence is only digital. Today, among all the types of cryptocurrencies in the world, Bitcoin is the most expensive.

You can use Bitcoin to buy many things. Although the use of Bitcoin is legally banned in some countries, Bitcoin is still used as currency in most countries.

Digital violet in Bitcoin is exactly like this. Just like Paytm’s wallet in which your money remains and you can buy anything with that money, there is a Bitcoin wallet inside Bitcoin in which the value of Bitcoin is recorded in the form of digital numbers. The biggest thing is that the price of Bitcoin is not always stable, it can rise or fall at any time.

Who owns Bitcoin?

The owner of Bitcoin is Satoshi Nakamoto of Japan. He was born on 5 April 1975 AD in Japan. He created Bitcoin in the year 2009, at that time the price of Bitcoin was the lowest, but as time passed, big people started investing money in Bitcoin, only after that its price increased rapidly. .

And today it is the most expensive cryptocurrency in the world, which is not possible for every person to buy. Said of the owner of a bitcoin. That he has done many types of discoveries and research in the field of cryptocurrency.

Only after that he created Bitcoin. Apart from this, the technology used in Bitcoin has been invented by Satoshi Nakamoto. The symbol of Bitcoin is ₿ and it is also called as BTC. Today Bitcoin is used almost all over the world.

How does Bitcoin work?

Bitcoin works on Blockchain Technology. This technology is used today by all types of cryptocurrency companies and it is also considered very safe. The main reason for this is that no hacker in the world can hack this technology. But whatever money transaction takes place, its entire data is stored through blockchain technology.

And the work of storing the data is done by crypto miner which we call crypto mining. Where the transaction data of all types of people is kept safe in the block through hash code. The world’s most powerful computers are used to operate blockchain technology.

What are the advantages of using Bitcoin?

• Bitcoin is used in most of the countries of the world and through it you can easily pay money to any person.
• No one can block the account of Bitcoin because there is no monopoly of any kind on it by any government institution or any particular person.
• You can use it for international transactions and you will not have to pay any kind of international charge for this.
• It is not legally recognized in any country, so you can use it easily and you will not have to pay any tax here.

Disadvantages of using Bitcoin

There are some disadvantages of using Bitcoin which are as follows.

• Bitcoin is not authorized by the government of any country.
• If you make any mistake while using Bitcoin, you will not be able to get the money back nor will you be able to recover it.
• Bitcoin is used by terrorists for things like buying weapons and converting black money into white money.
• There may be a sudden fall in the prices of Bitcoin, in such a situation you may have to suffer huge losses because its prices are not stable.

Bitcoin is the currency of which country?

Bitcoin has been created by Japanese engineer Satoshi Nakamoto. Bitcoin is not the currency of any country. Although it has been created in Japan, the Japanese government has no control or authority over this currency. Therefore we can say that Bitcoin is not the currency of any country.

Rather, it has been given legal recognition in some countries of the world and in many other countries it is not legal. Central American country El Salvador has become the first country in the world to accept Bitcoin and Cryptocurrency as legal tender i.e. the country’s currency.

How to buy Bitcoin?

Bitcoin can be purchased through many apps. Some of the major apps for buying bitcoin are Coinswitch wazirx, Binance, zebpay, unocoin etc. You can buy Bitcoin through all these apps. And if you have Bitcoin in these apps, then you can get Indian currency by selling it.

Is Bitcoin legal in India or not?

Bitcoin is not legal in India. This can be understood that this type of digital currency has not been issued by the RBI Bank of India, hence it is not yet recognized legally in India. Apart from this, the government has banned Bitcoin. No law has been made in India regarding this. So that Bitcoin can be considered legal in India.

However, if you do any kind of transaction in Bitcoin, you will have to pay 30% tax to the government because recently, while presenting the country’s budget, Finance Minister Nirmala Sitharaman, while speaking on cryptocurrency in the Parliament, said that if any person If anyone transacts any kind of money through cryptocurrency, he will have to pay 30% tax to the government.

Is Satoshi Nakamoto really the owner of Bitcoin?

If we talk about the owner of Bitcoin, then technically it is false that the owner of Bitcoin is Satoshi Nakamoto, because no person or government of any country is controlling Bitcoin. In such a situation, if it is seen that no one is the owner of Bitcoin, but it can definitely be said whether the inventor of Bitcoin is Satoshi Nakamoto.

What did you learn today

Today we learned what is Bitcoin?, Who is the owner of Bitcoin? Bitcoin is the currency of which country and we saw what Bitcoin is used for. Hopefully you have got the answers to all these questions. If you still want to know anything on this topic, you can ask in the comment box. If you want to give some more suggestion, you can also give it in the comment box. We hope you liked this article very much. If you learn something from here, then definitely share it with your friends who want to learn about Bitcoin or cryptocurrency. Thank you.

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