What can you use cryptocurrency for?
Individual units of cryptocurrencies can be referred to as coins or tokens, depending on how they are used. Some are intended to be units of exchange for goods and services, others are stores of value, and some can be used to participate in specific software programs such as games and financial products.
Can you use cryptocurrency to buy things?
It is not legal tender in most countries, but some luxury items like watches and cars can be purchased with cryptocurrencies. Cryptocurrencies have created a whole new market, so buying items with cryptocurrencies is not only legal but enjoyable.
Can you use cryptocurrency anywhere?
Despite its use for buying goods and services, there are still no uniform international laws that regulate Bitcoin. Many developed countries allow Bitcoin to be used, such as the U.S., Canada, and the U.K. Several countries have made it illegal to use Bitcoin, including China and Egypt.