
A Crypto currency is a digital asset developed using the technology of cryptography and decentralized/distributed database, which works as medium of exchange and controls the creation of additional units of the asset with extremely secure environment.
Since the launch of first Crypto Currency – Bitcoin in 2009, various cryptocurrencies have been created. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems.
As of present day, over a thousand cryptocurrency specifications exist; most are similar to the first fully implemented decentralized cryptocurrency, Bitcoin.
In this system the safety, integrity and balance of ledgers is maintained by a community of mutually distrustful parties referred to as miners – members of the general public using their computers to help validate and timestamp transactions and then add them to the ledger in accordance with a particular timestamping scheme, known as CryptoNight, Blake, SHA-3, X11 etc, also referred as hashing algorithm.
PayBito is the quickest and easiest way of buying and selling of Cryptocurrencies. You'll never get better rate anywhere.
PayBito is highly secured. We follow the Industry Standard Security protocols. Using PayBito is very easy and the you don't have to worry about security.
Once you login to the app you'll be asked to provide your ID Proof. Verify by filling the info and uploading the ID.
For buying Cryptocurrencies add money to the Money Wallet. The amount transferred to our bank account will reflect in your Wallet in the app.
In your app go to buy and sell option. Enter amount either as money value or cryptocurrency quantity to place buy or sell order.