What is Digital currency, Bitcoin, cripto

What is digital currency | crypto currency | bitcoin | 04 Advantages & Disadvantages

what is digital currency

What is digital currency Digital currency is another form of virtual currency. Which is the exact opposite of virtual currency.

The way you can keep the currency of your country with you and deposit it in your home locker.

You can spend virtual currency wherever you go. and invest in it.

But digital currency is not virtual.

You can also call digital currency as digital money, electronic money, electronic currency or cyber cash.

Digitalcurrency is completely dependent on the Internet, you cannot keep it in any locker or safe place.

It resides on the Internet and hence is operated and viewable by the computer itself.

Digitalcurrency is used for transactions more easily than local currency.

Transferring it from one country to another does not take much time, it happens very quickly.

This is the reason why many countries are attracted to it and it is much safer than the local currency.

The rules of the bank do not apply in the transaction of this currency.

what is crypto currency

Digital currency is called crypto currency that crypto means hidden i.e. it is not subject to the rules of government and banks.

Thousands of digital currencies have come under cryptocurrencies

All the types of digital currencies that are prevalent in the present time, such as Bitcoin, Tether, Ethereum, Binance Coin etc., all come under crypto currency.

Who started crypto currency or digital currency

Who is Satoshi Nakamoto

The beginning of digitalcurrency, the detailed information about a person named Satoshi Nakamoto still remains a mystery, neither anyone has seen them till date nor does anyone know much about them.

But by searching about them on the Internet, some information can be found, but no information is completely complete.

When was digital currency launched

Although the creation of bitcoin was started in 2007, the digital currency was launched in 2009 by Satoshi Nakamoto.

This thing was told by Satoshi Nakamoto himself. But it was first published in October 2008 via its white paper on a website called metzdowd.com via a cryptography mailing list.

Satoshi Nakamoto’s goal was to add more developers to him, for this he launched his first software on January 9, 2009.

Which was uploaded on a website called SourceForge.

Its version was 0.1, and its first cryptocurrency unit was named bitcoin.

What technology was used to create cryptocurrency

Satoshi Nakamoto has used cryptography technology for its use and payment, hence it is also called crypto currency.

what is cryptography

Cryptography is a type of encode version, in which the sent message or information of crypto currency has to be encoded so that only the sender can read it.

The name of the world’s first cryptocurrency is bitcoin

Is cryptocurrency accepted by the government

In the early times, crypto currency was prevalent only in countries like America, Japan, but now slowly it is spreading all over the world and due to people getting more attracted towards it, now the government is also about to launch crypto currency in their country. are thinking.

Advantages of Crypto Currency

01 – There is very little charge for transferring crypto currency from one country to another.

02- Due to the fact that crypto currency is digital, you can buy and sell it from anywhere in the whole world.

03- Being digital, it is much safer than your local currency.

04- You can easily access it in your mobile, laptop computer, smartphone.

Disadvantages of crypto currency

01- Investing in crypto currency is a huge risk.

02- If your government does not allow it, then you cannot invest in it.

03- Just as fast as cryptocurrency makes you rich, it can also bring you down.

04- Due to the fact that the cryptocurrency is completely digital, the chances of it being hacked are also high.

How to trade in digital currency

When it comes to trading or investing, we all think more about safe investments like Fixed Deposit Mutual Funds.

All these investments do not carry much risk but we do not get the desired returns either.

Investing in digital currency such as bitcoin, ethereum, etc. is a huge risk.

If you are thinking to invest in these then you should do a thorough market research.

After doing research, you invest in these. Investing in a digital currency will take you to great heights in a jiffy and bring you down in a jiffy.

The higher the risk, the higher the returns, so it is up to you whether you want to invest in it or not.

If you want to invest in this, then I am telling you about an app through which you will be able to trade in digital currency very easily.

Trading with this app will be as easy for you as you do online shopping.

Through this app you can trade in any digital currency like Bitcoin, Ethereum, Cardano, Dogecoin, Litecoin, Tethr etc. The name of that app is CoinSwitch Kuber App.

The CoinSwitch Kuber app is available on the Play Store for both Android and iOS.

This app is absolutely free.

After downloading it, you have to verify it with your mobile number.

After that complete your KYC.

You can also earn reward bonus by sharing this app.

You can download CoinSwitch Kuber from here.


Can anyone invest in digitalcurrency?

If the government of your country alludes to digitalcurrency, then you can invest in it.

Can digitalcurrency be deposited in a bank?

No, to deposit the digitalcurrency in the bank, it will have to be exchanged.

Where can I keep digitalcurrency?

You can keep digitalcurrency in your e-violet.

Can digital currency be bought and sold?

You can buy and sell digital currency online.

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