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What is the difference between currency and money?

Currency is a tangible concept, which includes tokens that act as money in a nation to facilitate financial transactions. On the other hand, money is the store of value that maintains buying power over an indefinite period. It is used as a medium of exchange, through which one can buy goods or services for consideration.

What is a currency & how does it work?

Currency is physical form of money, such as coins and banknotes, issued by a government or central authority for use as legal tender. Money serves as a medium of exchange, a unit of account, a store of value, and a standard of deferred payment, facilitating economic transactions and trade.

What is a currency & why is it important?

Currency can be termed as that money that brings the latter to life. Currency must be in circulation to be traded and grow. At the same time, money is intangible and can be easily circulated anywhere. Currency has its limitations.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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