How to Trade in Bitbns
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Buy Ethereum in India

Steps to buy Ethereum in India:

  1. Register: Sign Up with BitBnS either via Desktop PC or Bitbns Mobile App. Following which verify your mobile number and email id.

  2. Required ID Proofs: You will need to submit your:

    • PAN card
    • Bank account details, &
    • Aadhaar card snapshots

      Note: Residents of Assam can send a copy of their Driving license On successful verification of your documents, which would take a maximum of 1 working day, you will be notified via email.

  3. After verification, you can transfer funds to your BitBns account using UPI/NEFT/RTGS/IMPS.

  4. Once done, you can then begin placing trade orders!

Register Now

Some interesting statistics:

Ethereum is one of fastest growing cryptocurrency. It was 700 INR in the beginning of 2017 and now its trading at INR 80,000.

Ethereum network takes 15 seconds to complete successful payment whereas bitcoin takes almost an hour for a successful payment.

Ethereum is not limited to only payments, but it can build decentralised application on its platform using smart contracts. Ethereum recently switched its algorithm from PoW to PoS to scale its network performance.

Ethereum transaction fee are paid in the form of Ether tokens. Unlike in NEO where you need to purchase GAS to make a transaction.

Ethereum in 2018

Blockchain based projects are measured over the scalability, roadmap and many other important metric.

Scalability: In the beginning of the year, Ethereum founder and team have already shown that they are working towards the scalability of the project by updating the algorithm. The team recently released it PoW to PoS.

Ethereum as a platform is already being used to create smart contracts of ICO's or the creation of Dapps.

2018, will be a big year for the cryptocurrency market & Ethereum.

We present you below a simple distinction between Bitcoin and Ethereum:

BITCOIN (BTC)ETHEREUM (ETH)
STARTED20092015
SCALABLENoYes
MININGASICGPU
COINS21 millions81 millions
APPEARANCESuddenlyFinanced

Ethereum is an open and decentralized platform that allows executing intelligent contracts and other applications based on blockchain technology. The main advantage of Ethereum, with respect to other cryptocurrencies, is that it is a computing platform that allows executing programs, which gives it an enormous potential for uses that go beyond being a medium of exchange or deposit of value .

An important application of the Ethereum network are smart contracts. Smart contracts are scheduled protocols that run through the network. They serve to execute a contract when pre-established conditions are met and verify the execution thereof. For example, a smart contract can be a price coverage insurance. An entrepreneur can cover the fall in the price of a commodity through this type of insurance. Currently, you must go to a central agent who is in charge of verifying the conditions and executing the contract. Ethereum has the ability to replace this type of central agents, providing greater security, speed and reducing costs.