---
title: "What is a digital currency with example?"  
description: "What is a digital currency with example?"  
author: "Sandra Emily"  
published: 2022-05-23  
canonical: https://answers.mindstick.com/qa/97549/what-is-a-digital-currency-with-example  
category: "troubleshooting"  
tags: ["troubleshooting", "digital currency"]  
reading_time: 1 minute  

---

# What is a digital currency with example?

What is a [digital currency](https://www.mindstick.com/news/1151/binance-turkey-unit-slapped-with-try-8-million-for-violations-of-digital-currency-laws) with example?

## Answers

### Answer by Hitesh Vohra

- **[Digital](https://answers.mindstick.com/qa/97575/how-many-countries-use-digital-currency) currencies** have no physical properties and are only available in digital form. Computers or electronic wallets connected to the internet or specified networks are used to conduct digital [currency](https://www.mindstick.com/news/2105/rbi-has-released-a-concept-note-on-central-bank-digital-currency-and-digital-rupee) transactions. Physical currencies, on the other hand, such as banknotes and minted coins, are palpable, meaning they have distinct physical qualities.
- Centralized and decentralised digital currencies exist. Fiat currency is a centralised system of production and distribution by a central bank and government agencies that exists in physical form. Decentralized digital money systems include well-known cryptocurrencies like **Bitcoin and Ethereum.**
- Cryptocurrencies include Bitcoin, Mana, Ethereum, and others.
- Cryptocurrencies are classified as virtual currencies because they are unregulated and only exist digitally.

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**Read More: [What is a Digital Rupee?](https://answers.mindstick.com/qa/97548/what-is-a-digital-rupee)**


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