Bangalore: BitCoin, the digital currency was lately in news for various reasons, both good and bad. Currently 1 Bit coin is equivalent to about 6,491, which can be used for trade purposes like in selling and purchasing products. Unlike physical currency, BTC cannot be easily stolen because it requires an authorized physical device to transfer them and once the transaction is done, the ownership changes immediately. However the digital currency came under sever scanner for its vulnerability to the hackers. On the occasion when India has resumed using this digital currency, though cautiously, read on to know 9 things about BitCoins before you start collecting them, as Economic Times.

#9 Getting Started

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

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