Legit Trading of Cryptocurrency in India

Cryptocurrency is not issued by the Government or any Financial body, instead it operates through a network of computers and can be stored in “wallets.” Unlike traditional currency, cryptocurrency is present only as a digital record of ownership that is stored on a Blockchain. When a user has to transfer certain units of cryptocurrency, he/she does so by simply transferring the same to another individual’s wallet. The transaction may take several hours to get completed since it is not completed unless it has been verified and added through “mining.” Mining is a process to verify and check cryptocurrency transactions.

Legit Trading of Cryptocurrency in India - (mylawyersadvice.com)

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