Crypto is a digital currency, but fiat currency exists in the real world . Crypto is intangible, but fiat currency is tangible. Crypto has virtual existence, but fiat money is real-world currencies. The user controls crypto, but fiat currency is controlled by the government and a central banking system.
Read moreHow is crypto different from money?
A cryptocurrency is a digital representation of value that is built on a blockchain and utilizes cryptography. Crypto can function as a medium of exchange, a unit of account, and a store of value. Unlike fiat currency, most crypto is entirely decentralized and operates peer-to-peer without any intermediary .
Read moreIs cryptocurrency the same as real money?
Cryptocurrencies are digital assets people use as investments and for online purchases. You exchange real currency, like dollars, to buy “coins” or “tokens” of a certain kind of cryptocurrency . Craft a harder-working money plan with a trusted financial pro.
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