Welcome to the pulsating universe of cryptocurrency, where fortunes are made, and Bitcoin is the undisputed rockstar. Koinpark, the best cryptocurrency exchange in India, is your backstage pass to the world of digital gold. In this step-by-step guide, we'll walk you through the process, from creating your account to savoring the sweet taste of Bitcoin in your digital wallet.
Key Statistics about Bitcoin (BTC)
Before we dive into the nitty-gritty, let's take a glance at the powerhouse that is Bitcoin (as on 5th Dec):
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Market Cap: $817,758,357,985
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Price: $41,843.36
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Circulating Supply: 19,561,800 BTC
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24h Trading Volume: $27,316,117,127
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All-Time High (ATH): $68,789.63
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All-Time Low (ATL): $65.53
Bitcoin is the most popular and widely traded cryptocurrency in the world. It is the first decentralized digital currency, without a central bank or single administrator. Cryptography serves as the guardian of Bitcoin's security, making counterfeiting and double-spending endeavors a formidable challenge.
Bitcoin's price has been very volatile since its inception, but it has also risen significantly over time.
Bitcoin is used for a variety of purposes, including:
- Sending and receiving payments
- Storing value
- Investing
Beyond the numbers:
- Bitcoin has over 100 million active users.
- Bitcoin is accepted by over 15,000 merchants worldwide.
- Bitcoin's network consumes over 135 terawatt-hours of electricity per year.
Steps that will turn you into a proud Bitcoin owner
Step 1: Register on Koinpark
- Go to the Koinpark website.
- Click on the "Register" button at the top right corner.
- Fill in your name, mobile number, email address, and create a password.
- Complete the registration process.
If everything is correct, you will receive an account activation link in your email.
Step 2: Activate Your Account
- Click on the activation link in your email.
- You will receive a notification confirming that your account has been activated.
Step 3: Sign In
- Login using your registered email ID and password.
- An OTP will be sent to your registered email for verification.
Step 4: Complete KYC
For Indian Users:
- Tap on your profile.
- Complete your KYC by providing your Aadhar card, PAN card, and a selfie.
For Non-Indian Users:
- Tap on your profile.
- Complete your KYC by providing your passport or international ID card, and a selfie.
Step 5: Add Bank Account
- Tap on "Bank Account".
- Add a new bank account and fill in your bank details.
Step 6: Phone Verification
- Tap on "Phone Verification".
- Provide your phone number and verify your identity using the OTP sent.
Step 7: Deposit Funds
- Go to the home page.
- Tap on "Deposit and Withdraw Instantly".
- Select "Deposit".
- Choose the recipient's bank account (Koinpark).
- Select your bank account.
- Enter the amount you want to deposit.
- Choose the payment method (NEFT, RTGS, IMPS).
- Enter the transaction ID.
- Upload an image of the receipt.
- Click "Send Code" to your registered email.
- After a successful deposit, proceed to the market page.
Step 8: Buy Bitcoin
- Tap into the market page.
- Choose the market (INR).
- Select the BTC/INR pair
- Enter the amount you want to invest in Bitcoin.
- Buy Bitcoin.
Congratulations! You have successfully bought Bitcoin on Koinpark.
