9 Things About The Powerful Online Money, Bitcoin

[SARAVANA RAMESH]

Bangalore: Online shopping is transforming in to a norm these days, and electronic money pays a pivotal role when it comes to transactions. We are used to the idea of swiping the credit/debit card at shopping outlets or entering the card details to buy online, but then there is another novel way to do it; through Bitcoins.

Bitcoin is a cryptocurrency that can be transferred through a computer or Smartphone without an intermediate financial institution. And they are as real a currency as you want it to be. Bitcoins are becoming powerful day by day and it might one day turn to the only way to conduct transactions.

Here are 9 points that you want to know about Bitcoins as compiled by Economic Times.

#9 Getting Started

First step to get your Bitcoins currency is by signing up for free at http://www.coinbase.com or at any international digital wallet that accepts Bitcoins. Once signed up you will get an ID, essentially a alpha-numerical string to be used for each of Bitcoins transactions. The account can also be created offline with free software tools like Armory (http://www.bitcoinarmory.com).

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