What is Bitcoin? No Govt Control!
42sExplains Bitcoin's decentralized nature and huge price increase from pizza to lakhs, sparking curiosity.
▶ Play ClipThis video provides a comprehensive guide to Bitcoin, explaining its decentralized nature, security features, and price volatility. The host then demonstrates how to buy, sell, and trade Bitcoin using the ZebPay mobile app in India, covering account creation, KYC verification, deposits, and withdrawals.
Bitcoin is a currency not controlled by any government or authority. It cannot be hacked, and transactions are not tracked by banks. Instead, transactions are stored on thousands of computers worldwide, making them untraceable.
Bitcoin's price fluctuates rapidly based on demand and supply. In 2016, the price rose from ₹4 lakh to ₹13 lakh in two months, allowing people to earn significant profits quickly.
To start, download the ZebPay app and create an account by entering a mobile number, setting a PIN, and verifying email. Then complete KYC by uploading PAN card, Aadhaar card, and a declaration.
After KYC, add a bank account by entering account holder name, bank name, account number, IFSC code, and uploading a cancelled cheque. This account will be used for deposits and withdrawals.
To deposit money, click on Deposit and choose UPI. Enter the amount, select Go Cash Free, and verify via UPI app. The money reflects in the wallet within 5 minutes.
In the app, select Bitcoin to see buy and sell prices. Use Limit or Market orders to buy/sell. For example, buying ₹90 worth of Bitcoin places an order; selling is similar. Withdrawals to bank account take 12-24 hours.
To receive Bitcoin, share your Bitcoin address (barcode or text). To send, click Send, add a new address, enter the recipient's address and amount, then confirm. Transaction history is visible.
Bitcoin offers a decentralized, secure way to transact, but its price volatility presents both opportunities and risks. The ZebPay app simplifies buying, selling, and managing Bitcoin for Indian users.
"The title accurately promises a Hindi explanation of Bitcoin and a ZebPay tutorial, which the video delivers."
What makes Bitcoin transactions untraceable?
Bitcoin transactions are stored on thousands of computers worldwide, not on a central server, making them impossible to track.
00:43
What was the price range of Bitcoin in 2016 mentioned in the video?
From ₹4 lakh to ₹13 lakh in two months.
01:31
What documents are required for KYC on ZebPay?
PAN card (ID proof), Aadhaar card (address proof), and a declaration.
03:09
How long does it take for a UPI deposit to reflect in the ZebPay wallet?
About 5 minutes.
06:57
What is the difference between 'buy price' and 'sell price' of Bitcoin on ZebPay?
Buy price is higher (e.g., ₹8,05,550) and sell price is lower (e.g., ₹8,05,498), representing the spread.
07:54
What is a 'Santoshi' in Bitcoin?
A fractional unit of Bitcoin; you can buy portions of a Bitcoin called Satoshi.
09:23
How long does a Bitcoin withdrawal to a bank account take?
12 to 24 hours.
11:33
Bitcoin's Decentralized Nature
Explains the core value proposition of Bitcoin: no government control and untraceable transactions.
00:02Bitcoin Price Volatility Example
Illustrates rapid price changes with a real example from 2016, showing profit potential.
01:31Buy/Sell Price Spread
Demonstrates the spread between buy and sell prices, a key concept for traders.
07:54Fractional Bitcoin Buying
Highlights that you can buy small fractions of Bitcoin (Satoshi), making it accessible to small investors.
09:23[00:02] currency is this that neither any government nor any authority has any control over? In 2019, when Bitcoin was created by an unknown group, its value was so low that
[00:14] a person had to pay many Bitcoins to buy a pizza. However, today the price of one Bitcoin is more than eight lakh rupees, with which you can buy thousands of pizzas. The special thing about Bitcoin is that it is a very safe currency.
[00:29] Neither can it be hacked nor can Bitcoin transactions be tracked. For example, when you transfer money from your bank to someone, or someone sends money to your bank, the bank, which is the authority,
[00:43] tracks it. The bank knows who has transferred how much money to whom. But this does not happen with Bitcoin. In Bitcoin, the person to whom Bitcoin is sent cannot be traced because Big Coin transactions are not stored on a
[00:59] play store, but on thousands of computers around the world. Therefore, it is impossible to track it. Bitcoin price is quite high. It keeps going up and down rapidly, it does only 10 things, demand-supply, the more people
[01:15] buy it, the more its price will increase and the more people sell it, the more its price will fall, because bitcoin price rises very fast and falls very fast, hence people can earn lakhs of rupees from it in a very short time, and they
[01:31] can earn a lot of money from it, in 2016 the price of bitcoin reached from four lakh rupees to 13 lakh rupees in just two months, at that time people had earned a lot of money from bitcoin,
[01:43] so in today's video I am going to show you in detail how bitcoin transactions are done, how you can buy and sell bitcoin on your mobile phone, watch this video completely because after watching this video you will
[01:58] need to watch any other video, so let's start,
[02:11] you will find its link in the description of the video, on opening it you will get a user interface like this, you can see its highlights here, done, in this first you will have to create an account, for which you will click on three lines here, for
[02:25] this After this, you will have to click on Let's Go. In this, you have to enter a mobile number, accept the terms and click on the Proceed Secure link. An OTP will be sent to your mobile number. You will enter that TP and verify it here.
[02:40] After this, you have to set a PIN. Click on Set PIN and enter the PIN here whichever you want to set. If you want, you can also set your fingerprint here. OK. After this, you will have to verify your email address, for which you
[02:55] address, for which you and you will choose the email ID through which you want to log in. After this, you will have to update your KYC, for this you will
[03:09] click on Quasi here. In this, you will choose Nationality as India. After this, you will give consent here and continue. For KYC, you will have to provide an ID proof, address proof and a declaration. You will continue. In ID proof, you will
[03:24] click on Select Document here and choose PAN card. Here you You will have to upload the front side of the PAN card. You will upload the PAN card here by clicking on the plus icon. If you want, you can click a photo of the PAN card directly from the camera
[03:39] and if you want, you can also upload it from your gallery. Continue, after this click on the plus icon. If you want to click a photo, you will choose the camera, otherwise you will choose the gallery. The card has been uploaded here,
[03:53] after this you will continue. After this you will have to provide your address proof. If you click on Selected Activate, then the documents will appear in front of you. In this we choose the Aadhar card. Now here you will have to
[04:09] click on the plus icon here and click the photo of the front side of the Aadhar card. After this you will have to give a declaration in which you will first select the source of the PAN. If you have used your front side, then here we select Personal Savings Bank. After this,
[04:24] what is your work, you will choose it, like we choose Oil Employment. After this, continue. The process has been successful and quickly. Your KYC will be completed only after the withdrawal, you will have to add your bank account here, through
[04:39] which you will deposit money here and you will also be able to withdraw in the same bank account, so here you will have to enter the account holder's bank name, account number and the account number again here to confirm, after this you will
[04:54] enter the IFSC code here, after this you will upload a cancelled cheque here, if you want you can also upload the bank statement or passbook, this is only for verification, after this you will continue, now see here,
[05:11] as the declaration has been accepted and the ID address proof will also be accepted soon, then your KYC will be completed, after the KYC is complete, you can deposit money here, you can
[05:26] purchase bitcoin, you can also withdraw money to your bank account by selling bitcoin, it will be visible from the portfolio on the dashboard that how much bitcoin you have purchased and its value is here below You can add this by clicking on Deposit.
[05:41] You can add this by clicking on Deposit. given all three options, next9 RTGS and IPS. To deposit money, you will click here and the Pay account will appear in front of you. You will
[05:58] add this beneficiary through internet banking in your bank and whenever you want to add money, you will transfer money on this and it will be added to your wallet here. But if you added to your wallet here. But if you
[06:14] can also add it through internet banking or UPI. Like, if I will add it through UPI, then click on UPI. I will add it through UPI, then click on UPI. You will enter the amount you want to add here. For example, if I add ₹1000 here, then you will
[06:28] choose the Go Cash Free option here and click on Krishi to Deposit. You will choose which UP application you use and enter its ID here and click on Verify and Pay. A notification will be sent to your interested application.
[06:42] As you can see, the notification has come, so click here. You will make the payment by using the same bank that you have linked in your account. Click on send, enter your UPI PIN and click OK.
[06:57] ₹1000 has been successfully sent. After this, open your debit wallet and you can see here that the payment has been successful. If you add money through UPI, then it takes 5 minutes for the wallet to be added. After this, there
[07:12] is Revolt. You can click on it and sell Bitcoin and withdraw the money directly to your bank account. After this, there is History. By clicking on it, you can see is History. By clicking on it, you can see when and how much money you deposited and
[07:25] how many Revolts you made. Below here, you will find a lot of points. In this active audit, you can buy and sell not only Bitcoin but many other points as well, such as Ripple Lite for XX Raw. For example, if we want to buy and sell Bitcoin, then here
[07:40] you can see this Bitcoin. If you click on it, its price will appear in front of you. There is a bike price and a soldier price. The bike price of one Bitcoin is price. The bike price of one Bitcoin is Rs 8 lakh 6 thousand, whereas the selling
[07:54] Rs 8 lakh 6 thousand, whereas the selling price is Eight lakh 5498 rupees means that if you purchase a bitcoin, you will get one bitcoin for eight lakh five thousand five hundred and fifty thousand rupees, whereas if you sell it, you can sell it for eight lakh 5498 rupees right now.
[08:09] Below here you will find a menu. By clicking on trade, you can buy and sell bitcoin from here. By clicking on my hotels here, you can see how many orders you have placed. By clicking on that here, you
[08:24] can see your trades. And by clicking on history here, you can see the history of bitcoin price, what was the price of bitcoin at any time, so by clicking on this chart, you can also see the bitcoin chart. Look, if you look at this bitcoin chart,
[08:40] just a few days ago, the price of bitcoin was seven lakh rupees and in two days it reached nine lakh rupees. So, whoever purchased one bitcoin would have made a
[08:52] profit of 2 lakh rupees in just two-three days. After this, you can see that the price is not moving very high and after that it has come down a lot. So the interest in this is that its price increases very rapidly, an example of which you can see here. You can see
[09:07] that in a single day it had reached nine lakh rupees and after that it has fallen very fast which you can see here, the ₹1000 which I have added has come into the wallet which you can see here, so now we
[09:23] will purchase Bitcoin here for ₹1000, it is not necessary that you purchase the entire Bitcoin, rather you can also buy some portions of Bitcoin which are called Santoshi, for which you will click on Bitcoin here, here you will get two options, Limit and this topic,
[09:38] like when we like a share, there is a limit and this option, similarly in purchasing Bitcoin also there is an option of Limit and Stop, like in Limit here you can set a limit that at a price higher than this you do
[09:53] not have to change the Big Coin, on Police Jam here I will enter, I want to purchase Bitcoin worth ₹90, click on 22, after this I will confirm, then Bitcoin will be successfully bought here, which you can see here The order has been placed. In
[10:09] this way, there is a seal here. You can set a limit here that I do not want to sell at a price lower than this. When you place an order,
[10:22] Your bitcoins will be sold and they will not be sold at a price lower than this. Now, because we have purchased bitcoins worth ₹90 more, the they will not be sold at a price lower than this. Now, because we have purchased bitcoins worth ₹90 more, the
[10:34] If you want to sell bitcoins, you will click on bitcoin here. You will use the oil red option. How innocent were the big coins you want to sell, you will enter them here, like I entered 31 rupees. After this, click on sell here and
[10:48] confirm the sale. Your order will be placed and that many bitcoins will be sold. Below here in the wallet, you can see that the amount has become zero because we have sold the bitcoins. After selling between, if you want to
[11:03] withdraw money to your account, you will click on withdrawal here. After this, Whatever balance is there in your wallet will start here and whatever you want to withdraw from that balance will start here. You will enter it here, like where I put
[11:18] 200 teaspoons of the police. After this, click on Tulsi Withdrawal. This will be added to this bank account. After this, you will have to enter the PIN which you had set while creating the account. As soon as you enter the PIN, your transaction will be successful and you will see
[11:33] that the request for Rs. 20 has been accepted and within 12 to 24 hours, the thing will come to your bank account like this. Now the question comes how you can send and receive Bitcoin. If
[11:45] you click on Address here, your Bitcoin address will appear in front of you. You can see that this is a barcode and the address is given here. You and the address is given here. You
[12:01] can copy the address and send it to anyone. You can send it directly by clicking on the share icon here. with anyone. They can also scan it and want to send Bitcoin to someone, you will click on Send here. Here you can enter many
[12:16] addresses to which you can send Bitcoin. I've sent Bitcoin before. If you want to send Bitcoin to a new address, you'll click on "Add New Address." Click "OK." After that, you'll enter the name of the person you want to send Bitcoin to.
[12:31] You'll paste their address here. If you want, you can also scan their ID code. After that, click on "Send." The Bitcoin address will be created. Click on it and enter the quantity of Bitcoin you want to send.
[12:47] After that, click on "Send." The Bitcoin will be sent. To see the history of how many Bitcoins you've sent and how much it's worth, We just made this withdrawal from our Bitcoin wallet. You
[13:02] can see that within a few minutes, our bank account has been credited with 11,890 rupees because a charge of ₹10 has been deducted. In this way, you can transact Bitcoin and you can buy and sell Bitcoin. So, you must have
[13:17] liked this video a lot and you must have understood what Bitcoin is and how it's bought and sold. If you liked the video then like it and share it with your friends and if you have any confusion in your mind then you
[13:31] any confusion in your mind then you can ask by commenting below.
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