Post
Topic
Board Trading Discussion
Re: What's your favorite crypto;Bitcoin
by
rby
on 27/06/2023, 08:35:44 UTC
Cryptocurrency has various digital currencies like altcoin,litecoin,cardano,bitcoin,ethereum.e.t.c
There is a very big fault in this your description. Cryptocurrency is made up of bitcoin and others which is called alternative coins (altcoins). So it is not fine to list altcoin as if there is a particular coin called an altcoin.

Bitcoin is fast and easy to use
Bitcoin provides anonymity
Compared to fiat, bitcoin is not fast and not easy to use. You have to set up a wallet and the task of setting up a secured one and learn how to transact.

For anonymity, it is privacy coins that does that. For bitcoin it lies in the hand of the user not to reuse addresses or tie their address to their identity. Also other methods are applied to improve anonymity,  such as bitcoin mixing.