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Bitcoin is a digital currency just like US dollars, Japanese Yen, British Pounds, and the Philippine Peso. It can be bought, sold, and exchanged for goods and services. When you go shopping, you either pay using paper money, or you can pay using your bank card.

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Cryptocurrency or digital currency or cyber cash is a type of currency that has no physical form and only exists in digital form. It is also used as traditional money to buy and sell goods without necessarily having a bank to verify the transaction.

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People are becoming aware of the advantages of using cryptomoney in almost every transaction. It has become a widely accepted method of payment, even though it started with a lot of people being skeptical about it.

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