How To Buy Digital Gold (Bitcoin) in Zerodha
You can buy the Sovereign Gold bond through Zerodha easily and conveniently. Since the sovereign Gold bonds are issued by the Government of India with the fixed interest per annum (2.50% per annum)
What is Zerodha
Zerodha is India's leading financial technology company and one of India's fastest-growing fintech companies, backed by a team of highly skilled technology professionals with domain expertise across fintech, payment services, KYC, and wealth management. Zerodha has been recognized by Microsoft as a 'Cool Vendor in Trust and Security in the Technology category, for providing the next level of transparency and consumer convenience in online financial services.
How to buy Bitcoin in Zerodha
Visit zerodha.com to purchase Bitcoins in Indian Rupees. Fill in your personal details: BPS Code: You can also create a customized password for your account and log in with the same. Once you have created your account and logged in, then follow these easy steps to buy Bitcoin from Indian Rupees.
Why should you buy Bitcoin?
Advantages of buying Sovereign Gold bonds are secure – You are buying a security on the price of Gold. Sovereign Gold bonds are backed by the Indian government. Sovereign Gold bonds are better and secure than bitcoin – Gold is mined and held in the form of Bullion. Bitcoin is just digital software. It's also highly volatile. Sovereign Gold bonds are easily investable – When you buy a Sovereign Gold bond, you can easily invest it in your favorite mutual fund. Sovereign Gold bonds are regulated – A Sovereign Gold bond is issued by the Government of India under the Reserve Bank of India Act. Bitcoin on the other hand is an unregulated asset. The government of India has regulated cryptocurrency and blockchain and is part of the cryptocurrency movement.
Conclusion
Bonds issued by the RBI are widely held by retail investors all over the country. The sales of bonds are to fund the Government of India’s expenses as well as part of India’s budget. With such high safety of your money in your hands, now you can buy any kind of bond irrespective of the denomination.