Digital Currency Overview

Learn about Cryptocurrency, the digital currency

Digital currency, more commonly know as cryptocurrency, can be bought or sold with fiat currency, such as US dollars. Cryptocurrencies can also be transferred from one individual to another directly, without a mediator such as a bank. Bitcoin is an example of a Cryptocurrency.

To buy or sell a cryptocurrency, a Cryptocurrency Exchange must be used, such as Coinbase. To hold or transfer cryptocurrency, a Cryptocurrency Wallet must be used. You store your cryptocurrency in a wallet. To better understand the different types of wallets, refer to our post “What Are The Cryptocurrency Wallet Types

Following is a quick glance of the differences between Gold, Fiat currency, such as the US Dollar, and Cryptocurrency, such as Bitcoin.

Traits of Money