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Which digital currencies are most widely used for online transactions?

avatarRudransh MaheshwariDec 17, 2021 · 3 years ago3 answers

What are the most commonly used digital currencies for conducting transactions online? I'm interested in knowing which cryptocurrencies are widely accepted and trusted by online merchants and service providers.

Which digital currencies are most widely used for online transactions?
Digital Currencies
Online Transactions
Cryptocurrency

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Bitcoin (BTC) is by far the most widely used digital currency for online transactions. It has the largest market capitalization and is accepted by a large number of online merchants and service providers. Bitcoin's popularity and acceptance have made it the go-to cryptocurrency for online transactions.
  • avatarDec 17, 2021 · 3 years ago
    Ethereum (ETH) is another popular digital currency used for online transactions. It is known for its smart contract capabilities, which allow for more complex transactions and decentralized applications. Many online platforms and decentralized applications (dApps) accept Ethereum as a form of payment.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we believe that the most widely used digital currencies for online transactions are Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). These three cryptocurrencies have established themselves as trusted and widely accepted forms of payment in the digital world. Bitcoin and Ethereum are well-known for their market dominance and widespread acceptance, while Binance Coin has gained popularity due to its association with the Binance exchange and its utility within the Binance ecosystem.

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