BitCoin burning is the process by which digital currency miners and developers can remove bitcoins from circulation
I think you'll find that "Bitcoin burning" refers to owners of Bitcoin burning their own money (not anyone elses) by the equivalent of sending it to an address that no-one owns.
It is not something that miners or developers do with ...
Buying bitcoin is no different to buying carrots.
If you buy 10kg of carrots for $3 in one place and the next day buy another 10kg of carrots for $4 you have 20kg of carrots.
Can you buy some percent of bitcoin at different rates and merge them to form one bitcoin?
Yes you can totally take your carrots out of your two 10kg bags of carrots and put all your ...
Bitcoin is a form of money, asking if you can "receive it to your bank account" is like asking if you can "receive gold to your bank account".
The answer is generally going to be "no, you have to first exchange the bitcoin for your local currency, and then you can deposit that money to your bank account".
Be aware: bitcoin is a ...
TLDR: The highest bidder on the exchange will get it.
One of the main jobs of an exchange is to match sellers with buyers. The exchange will help users sell for the highest price possible, and buy for the lowest price possible. If the price you want is lower than the highest bidder (buyer), the exchange will tell the buyer, "hey, we found someone that ...
Tax questions should largely be off-topic here, as they are so jurisdiction-specific. But nonetheless, a general answer is sort of possible here:
In many jurisdictions, you will be liable to pay capital gains taxes when you make profit buying and then later selling some asset. This tax is calculated when you report your taxes to your local tax authority, so ...
Would I have access to those bitcoin?
Pieter has answered this but see answers to Is it possible to brute force bitcoin address creation in order to steal money? for an idea of how likely this sort of thing is.
There's some other points raised by your question that I think are worth examining.
I understand bitcoin is a ledger
We all say that but really, ...
bitcoin.com seems like an official website
No, it is in no way official. If I remember correctly it was started by a group of people who created a new cryptocurrency by forking Bitcoin, they wanted to take over the name Bitcoin for their altcoin. They are not well regarded by the Bitcoin community. Their altcoin is not Bitcoin
There are no officials and no ...
It is possible with json-rpc interface and one-time script.
Enable json-rpc port by changing bitcoin.conf used by your Bitcoin Core (usually ~/.bitcoin/bitcoin.conf).
Start bitcoind/bitcoin core.
Unlock your wallet using RPC walletpassphrase with timeout parameter ...
Are they lying about something? Not really. This would be like if you put a bunch of money in a vault, threw away the key, buried the vault, and then wiped your memory so you don't know where it's buried. Would that be fraud?
This is from LAtoken faq:
I can't see my deposit
If you have made a deposit to your LATOKEN account, but the amount is not
reflected in your balance, it might be caused by one of the following:
Deposit was below minimum deposit, please refer to min amount on
deposit screen. In this case, deposits are considered unrecoverable.
Deposit has wrong/missing ...
I create a wallet that just happens to be xyz. Would I have access to those bitcoin?
If you could do that, indeed you would get access to those coins.
But you can't. Doing so requires breaking the security assumptions underlying the signature algorithm. This must be true: if it wasn't, Bitcoin overall would be utterly broken.
Download and install Bitcoin Core: https://bitcoin.org/en/bitcoin-core/
Create a wallet and receiving address there (it's better to use encryption when creating wallet).
Buy bitcoin on any available BTC exchange (Coinbase, Binance, etc.).
I'd like to keep my own wallet and not use a Coinbase type of service.
You can keep your wallet on your own, but to buy ...
If you purchased Bitcoin a long time ago, and it's on an exchange, and that exchange still exists, and you can recover your username and password to that exchange, then you should be able to transfer your money off of there.
If you used your own Bitcoin wallet software such as Bitcoin Core, then you will need to have your wallet.dat or other wallet file to ...
AFAIK, if it is the same as stocks, then it is "The person who entered it first", meaning:
If somebody put in the limit order to Buy At $33,000, before you, then your $4000 will be matched to his limit order, but because he entered it first, then the transaction between you and him will be $33,000. That's the rule.
There are tons of buy orders to ...
Can anyone transfer bitcoins into my bank account or do i need to have some bitcoin account for that
You need bitcoin wallet. List of few open source bitcoin wallets: https://bitcoinwallet.guide/
Is it legal to receive bitcoins ? especially in India ?
Why should one take payments in bitcoins ? Is it a good idea or better avoid it ?
Depend on the ...
Keep an eye on the tax in your country. In Germany for example you have to store Crypto on one exchange or wallet for about one year, so you dont have to pay taxes.
But if you just once traded crypto in that year you have to pay tax for the profit you made.
The first fifteen exchanges here are famous and credible. Choose one of them, open an account, verify your ID (KYC would certainly be required), add your IBAN number, deposit Bitcoin, sell it, withdraw it to your account.
Will this device change make it impossible for me to exchange the earned bitcoins to dollar
No, it will make no difference whatsoever to your ability to exchange earned bitcoins to dollars.
However this is because all websites offering Bitcoin mining with mobile phones or laptops are scams which have no intention of ever giving you the Bitcoins they have ...