What is Bitcoin? Complete Guide (2026)

Quick Answer: Bitcoin (BTC) is the world's first decentralised digital currency, created in 2009 by Satoshi Nakamoto. It runs on blockchain technology with a fixed supply of 21 million coins — no bank, no government controls it.

How Bitcoin Works

Bitcoin uses a peer-to-peer network where transactions are verified by miners through Proof of Work (PoW). Every transaction is recorded on the blockchain — a public, immutable ledger.

• Supply: Only 21 million BTC will ever exist
• Block time: ~10 minutes per block
• Halving: Mining reward halves every ~4 years
• Divisibility: 1 BTC = 100,000,000 satoshis

Bitcoin in India (2026)

Bitcoin is legal in India. The government taxes crypto at 30% flat tax on profits + 1% TDS on transactions above ₹50,000.

Use the CryptoSyntix Crypto Tax Calculator to calculate your exact tax liability.

How to Invest in Bitcoin in India

1. Choose a SEBI-registered exchange (WazirX, CoinDCX, Zebpay)
2. Complete KYC with Aadhaar + PAN
3. Deposit INR and buy BTC
4. Store in a secure wallet (hardware wallet recommended for large amounts)
5. Track your portfolio using CryptoSyntix Portfolio Tracker

What Affects Bitcoin Price?

• Halving events — reduce supply, historically bullish
• Institutional adoption — ETF inflows, corporate treasury buys
• Regulation — government policies in US, India, EU
• Whale movements — track live at CryptoSyntix Whale Tracker
• Macro economy — interest rates, USD strength, inflation

Frequently Asked Questions