In recent years, cryptocurrencies have ceased to be a passing trend and have become an integral part of the global financial ecosystem. However, not all cryptocurrencies are the same. There are different types, with different functions and objectives. In this guide we explain the main types of cryptocurrencies, their uses and how to differentiate them so that you can make more informed decisions in the crypto world.
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Classification of cryptocurrencies:
1. Bitcoin (BTC): the pioneer cryptocurrency
Bitcoin was the world’s first cryptocurrency, created in 2009 by Satoshi Nakamoto. Its main purpose is to function as a decentralized means of payment, without the need for intermediaries such as banks. It is considered a digital store of value, comparable to gold, and remains the most widely used and recognized cryptocurrency on the market.
Main uses of bitcoin: investment, security of value, international transfers.
2. Altcoins: alternatives to Bitcoin
The term altcoin refers to all cryptocurrencies that are not Bitcoin. Some of the best known are Ethereum (ETH), Cardano (ADA), Solana (SOL) and Polkadot (DOT). Many altcoins have more advanced features, such as smart contracts or support for decentralized applications (dApps).
✅ Main uses of altcoins: advanced blockchain technology, smart contracts, decentralized finance (DeFi), gaming and NFT.
3. Stablecoins: stable cryptocurrencies
Stablecoins are designed to hold a fixed value, usually pegged to a fiat currency such as the US dollar (USD). Popular examples include USDT (Tether), USDC (USD Coin) and DAI.
✅ Main uses of stablecoins: protection against volatility, international payments, fast transactions within the crypto ecosystem.
4. Tokens: digital assets within platforms
Unlike native cryptocurrencies (such as BTC or ETH), tokens are created on top of existing blockchains. For example, many tokens run on top of the Ethereum network using the ERC-20 standard.
✅ Main uses of tokens: representing assets, access to services, governance in DeFi platforms, rewards in games and metaverses.
5. Privacy cryptocurrencies
These currencies are designed to offer anonymous and untraceable transactions. Examples include Monero (XMR) and Zcash (ZEC). They use advanced encryption technologies to protect users’ identities.
✅ Main uses of privacy cryptocurrencies: financial privacy, sensitive transactions, protection against digital surveillance.
6. Governance currencies
Governance tokens allow users to participate in important decisions within a blockchain or decentralized application. Common examples include UNI (Uniswap) and AAVE.
✅ Main uses of governance currencies: financial privacy, sensitive transactions, protection against digital surveillance.
What financial services does Futswap offer and how does it transform crypto finance in the world?
Futswap is an innovative crypto-financial platform that offers a complete ecosystem for digital asset management and fiat transactions in Latin America. Its value proposition is based on facilitating the daily use of cryptocurrencies and eliminating the traditional barriers of the financial system.
Wallet Neoexchange:
A secure and easy to use digital wallet that allows you to buy, sell, exchange and store more than 400 cryptocurrencies. Ideal for traders and users looking for full control of their digital assets.
Futcard Visa:
Visa-backed financial card that allows cryptocurrencies to be used for payments in physical stores, online purchases or ATM withdrawals worldwide.
Crypto-friendly payment gateway:
Innovative solution for merchants who wish to accept cryptocurrencies as a form of payment, without technical complications or high costs. Encourages crypto adoption and expands the customer base.
Savings in commissions and time: Thanks to its blockchain technology, Futswap enables faster and cheaper transactions than the traditional banking system.
Financial accessibility: Facilitates the financial inclusion of unbanked people or those with limited access to financial services, especially in emerging Latin American countries.
Conclusions
From Bitcoin to specialized tokens, the crypto world continues to grow and diversify. And with companies like Futswap, it’s now easier to leverage their benefits in everyday life. It’s not just about investment anymore: cryptocurrencies are also real tools for paying, saving and connecting to the global digital economy.
- What is Futswap and how does it work?
Futswap is a crypto-financial platform that allows users to buy, sell and use cryptocurrencies easily. It offers a digital wallet, a Visa card called Futcard, and a crypto payment gateway for merchants. - How can I pay with cryptocurrencies using Futswap?
You can use the Futcard, a card linked to your Futswap wallet, which allows you to pay at any merchant that accepts Visa, whether in physical stores, online or even withdraw money at ATMs. - What cryptocurrencies does Futswap accept?
Futswap allows you to manage more than 400 cryptocurrencies, including the most popular ones such as Bitcoin (BTC), Ethereum (ETH), USDT and many other altcoins.
- Is it safe to use Futswap to store and transfer cryptocurrencies?
Yes, Futswap implements advanced security protocols, blockchain technology and authentication features to protect users’ funds and data. - What are the benefits of Futswap’s crypto-friendly payment gateway for merchants?
It allows to receive cryptocurrency payments instantly and securely, reduce commission costs, eliminate bank intermediaries and attract a wider global audience.