The Difference between 'Digital Currency' and 'Cryptocurrency'

[JuliaNedz 25]

Thanks for the info it was very interesting to read this article. Cryptocurrency is a type of digital currency. Also in digital currencies there is a central body that deals with problems.

[Amir YT 202]

On 11/15/2019 at 9:39 PM, PiroSense said:

Just to clear things up, and to help newbies further understand these words, to avoid confusion in the usage of these words;

 

Digital Currency is a type of currency in which is not tangible, something you cannot physically see/touch. In simple words, any currency/mode of payment not using any physical material is considered as a digital currency. Some examples:

1. Digital Fiat issued by banks (your local currency, only in digital world)

2. Cryptocurrency (Bitcoin and altcoins), and even,

3. Online Gaming Currency (the ones you use in online games), are all considered as digital currencies.

 

Read more about Digital Currencies here.

 

Cryptocurrency, on the contrary, pertains to a specific currency that relies on having a blockchain of irreversible data to handle transactions with the element of cryptography, hence its name 'crypto'currency.

 

To summarize,

 

Digital Currency is a general term for all modes of payment made digitally, without physical material.

 

Cryptocurrency is a kind of Digital Currency which has a blockchain that stores transactional data between users.

I didn't find any major difference between them. Because in this time cryptocurrency known as digital currency. We know that our digital payment system will be online currency and i think it's crypto.

[hadi6t6 6]

Interesting article! In addition, in digital currencies, there is a central authority to solve problems. Any transaction may be canceled or frozen at the request of one of its partners or state agencies, as well as if fraud or moneylending is suspected. Cryptocurrency is regulated by society.

[lifelline1262 15]

The difference between digital currency and cryptocurrency is all the same, but cryptocurrency means hidden currency

[Captain Karim 0]

Amazing, a clear article for digital currencies and crypto currencies, after reading your article no one will be confused about how to use these terms. thanks

[Jmax555 6]

On 11/15/2019 at 9:58 PM, So Rio said:

All cryptocurrencies are digital currencies but not all digital currencies are cryptocurrencies. Crypto has something no other currency can do! Cryptocurrencies are keys to digital freedom 

Thanks for your nice reply.i never khow before about digital currency and cryptocurrency and now i'm clear about it.i hope this reply will helped newbies more.

[Maroua 1159]

This is great. I did not know all this information. Thank you for posting this helpful post. I am a beginner and I am trying to learn anything about cryptocurrency.

[Bikash3317 58]

You have well defined about both currency. Digital and crypto currencies both are alike currencies in terms of physically appearances as we cannot touch or see those currency untill we convert and transfer.

[Amdadul11 17]

 There are many differences between 'digital currency' and 'cryptocurrency', and there are many differences between cryto currency.  And I don't know. Digital currency is different currency of different countries.  And this cryto currency is an online currency. There are many differences between this and digital currency.  Thank you !!

[SuperCrypto 7193]

Digital currencies are money used on the Internet. And digital money is in the form of numbers. It has no material equivalent in the real world. But for cryptocurrencies all the characteristics of traditional money just as local money.

[andrehol 16294]

Cryptocurrency has two big advantages over digital money. The first is anonymity. The second is decentralization! All centralized cryptocurrencies, in fact, are just a variant of digital money.

[CryptoMaxim 3829]

On 30.01.2020 at 13:59, thangvn00lc said:

Differences between Cryptocurrency and digital currencies ... Like classic currencies, you can use, transfer or exchange money for another currency. ... The centralized digital currency; there's a group of people and computers that adjust their state ...

There is also a difference in the fact that in most cases ordinary money is used for purchases and cryptocurrencies for trading.

[malik6314193 5449]

On 11/15/2019 at 8:39 PM, PiroSense said:

Just to clear things up, and to help newbies further understand these words, to avoid confusion in the usage of these words;

 

Digital Currency is a type of currency in which is not tangible, something you cannot physically see/touch. In simple words, any currency/mode of payment not using any physical material is considered as a digital currency. Some examples:

1. Digital Fiat issued by banks (your local currency, only in digital world)

2. Cryptocurrency (Bitcoin and altcoins), and even,

3. Online Gaming Currency (the ones you use in online games), are all considered as digital currencies.

 

Read more about Digital Currencies here.

 

Cryptocurrency, on the contrary, pertains to a specific currency that relies on having a blockchain of irreversible data to handle transactions with the element of cryptography, hence its name 'crypto'currency.

 

To summarize,

 

Digital Currency is a general term for all modes of payment made digitally, without physical material.

 

Cryptocurrency is a kind of Digital Currency which has a blockchain that stores transactional data between users.

Thanks for sharing this useful information with us. I was wounder about that and looking for it. Such type of information can can boost our knowledge. 

[Dark_Sky 8489]

On 11/15/2019 at 11:39 PM, PiroSense said:

Just to clear things up, and to help newbies further understand these words, to avoid confusion in the usage of these words;

 

Digital Currency is a type of currency in which is not tangible, something you cannot physically see/touch. In simple words, any currency/mode of payment not using any physical material is considered as a digital currency. Some examples:

1. Digital Fiat issued by banks (your local currency, only in digital world)

2. Cryptocurrency (Bitcoin and altcoins), and even,

3. Online Gaming Currency (the ones you use in online games), are all considered as digital currencies.

 

Read more about Digital Currencies here.

 

Cryptocurrency, on the contrary, pertains to a specific currency that relies on having a blockchain of irreversible data to handle transactions with the element of cryptography, hence its name 'crypto'currency.

 

To summarize,

 

Digital Currency is a general term for all modes of payment made digitally, without physical material.

 

Cryptocurrency is a kind of Digital Currency which has a blockchain that stores transactional data between users.

Thank you for this sir, as a newbie I thought they are the same. 

Gonna share this information to those who will ask or those who wants to know. 

 

 

[Prince90 668]

Well all the crypto currencies are digital currencies because they are stored in digital world in electroni wallet. But all the digital currencies are not crypto currency , as your fiat currency can be also be stored in digital world in electronic wallets.

[Calvinpriva 17296]

Good topic, crypto currencies are digital money which we can use them in different services, fiat money can also be digital money when we deposit them to our banks or other online wallets. But the only different in those two currencies is that we cant use crypto offline as it is! We must exchange it to fiat money and there we can use it.

[Hanuman 253]

Now a days come every where is digital. 

All the crypto currency are digital currency but all digital currency are not crypto currency.

Digital currency is Nation currency.

Crypto currency is bitcoin, altcoin etc.

Digital currency is made by government of the nation.

But the crypto currency is made through electric.

[SuperCrypto 7193]

In short, digital currencies exist in the economic system in the form of digital in digital form. As for cryptocurrencies decentralized, they are subject to an encrypted system at a high level of privacy protection, not subject to any economic control authority.

[gkapoxm 84]

Digital currencies doesnt mean they are working with the cryptography matematical formulas. BTC and paypal are two different things.

Edited March 12, 2020 by gkapoxm

[harzallah 161]

In fact there is no defference between them ( currency - digital ) if you go in google traduction and write by your language it will be find 'digital ' in other websites you  find currency .

[harzallah 161]

2 hours ago, gkapoxm said:

Digital currencies doesnt mean they are working with the cryptography matematical formulas. BTC and paypal are two different things.

No you are wrong man you don't understand anything , i read in article that digital maybe is fiat coins in wallet online exemple Paypal-Payeer.

[Bodarbala 1]

As far as I know the cryptocurrency is providing the same local currency services,The difference appears to be evident in the tangible and intangible, but both currencies can provide access.

[Babubu609 0]

On 12/5/2019 at 3:22 AM, Rifat773 said:

I don't know the difference between 'digital currency' and 'cryptocurrency'. Let me know if anyone knows. Then I think cryptocurrency will become 'propeller' in the global market very soon

digital currencies and cyrtpto currencies both are equal coins and sure there's no variations between the digital and crypto currencies.

[iloveyobit 6599]

Simply the difference between them is that crypto is devoted to new currencies that came after Bitcoin and which have decentralization, while digital currencies, even Forex and dollars and all other currencies are digital currencies.

[BTC Future 3946]

Basically a digital currency can be centralized, completely run by the company that creates it, just as Steem Dollars are. They can control the total coins in circulation and can block accounts, limit transaction ammounts and basically block transactions and accounts for any reason. 

Cryptocurrencies offer a decentralized environment, where no central authority exists and no trust to an individual or an organization is needed. With crypto, you can transact anywhere in the world, sent money to anyone at any given time, for a small fee and transactions take a relative small amount of time to be complete.