Digital currencies can be defined as the types of currencies or means of exchanges that are carried out over the internet other than the physical ones (notes and coins), which have properties similar to physical currencies. They are also called “digital money” since it is a medium that works as an exchange that is available only in digital form, not in physical form (without bills or coins).
Both virtual currencies and cryptocurrencies are a type of digital currency, but their conversion is incorrect. As well as the usual money, these currencies can be used to buy a wide variety of physical servicesand goods, although it can also be restricted to certain communities within a social network or in online games.
Some digital currencies, such as “bitcoin”, are known as fully decentralized digital currencies, which means that there is no central point that fully controls the money supply. These currencies allow for instant transactions, transfers, and crypto exchange across borders. Both virtual currencies and cryptocurrencies are listed as types of digital currencies.
Part of the origin of digital currencies dates back to the 1990s on the “Dotcom Bubble” websites. The first digital currency was E-gold, founded in 1996 and backed by gold; Another well-known digital currency is Liberty Reserve, founded in 2006 which allows all users to convert euros, dollars or Liberty Reserve euros and exchange them freely with a 1% commission charge.
Currently, buying Bitcoins is a very easy task that can be done in a few minutes in any of the multiple exchange houses that exist on the internet. The “ChangeNOW” website offers the best crypto exchange for the year 2020 and makes the option to buy bitcoin instantly available to everyone.
Despite the existence of several exchange houses for Bitcoins, only the ChangeNOW website offers security as the main priority in its non-custodial services. This page does not control any of the people’s crypto assets or store their funds.