There are several common mainstream virtual currencies:
- Bitcoin (BTC) : The originator of digital currency, with decentralization, limited total volume (21 million coins), anonymity and other characteristics. It is regarded as digital gold and is often used in value storage and transactions.
- Ethereum (ETH) : An open source blockchain platform that supports the development of smart contracts and decentralized applications (DApps). Ethereum (ETH) is used to pay for online transaction fees, and is widely used in fields such as DeFi, NFT and games.
- Binance Coin (BNB) : Tokens issued by Binance Exchange can be used to pay transaction fees, participate in exchange voting activities and pledges to obtain rewards, with a wide range of application scenarios.
- Ripple (XRP) : Focusing on solving cross-border payment problems, it provides fast and low-cost cross-border payment solutions to banks and financial institutions around the world through its unique distributed ledger technology and decentralized network.
- Tether (USDT) : A stablecoin anchored to the US dollar 1:1, which ensures the stability of its value by collateralizing assets such as the US dollar. It is an important tool for investors to hedge and preserve value in the virtual currency market.
- Dogecoin (DOGE) : It is widely popular with a humorous, people-friendly image and a strong community culture. Although it was initially regarded as a digital currency of entertainment nature, it has some influence in the fields of small transactions and social media.
- ADA : The currency belonging to the Cardano Agreement is a digital currency project that focuses on scientific research and technology. It adopts a hierarchical architecture and proof of stake mechanism (POS), which has high scalability and security.
- Solana (SOL) : famous for its high throughput and low latency blockchain technology, adopts unique consensus mechanisms and sharding technology to achieve fast and efficient transaction processing, and is widely used in finance, gaming and DeFi.
- Polkadot (DOT) : A cross-chain project aims to achieve interconnection between different blockchains and break data silos. Its cross-chain solutions provide important support for the coordinated development of the blockchain ecosystem.
- Litecoin (LTC) : An improved version of Bitcoin, which improves transaction speed and reduces transaction fees by optimizing algorithms and increasing block size. It is suitable for daily payments and small transactions.

These mainstream virtual currencies can be traded on many well-known trading platforms, such as:
- Binance : One of the world's largest virtual currency exchanges, providing a wide range of trading pairs and advanced trading functions, with low transaction fees.
OKX : The world's leading multi-currency digital currency trading platform, providing trading services for more than 1,500 cryptocurrencies and 5,000 trading pairs, is known for its high-speed, low-cost, multi-functional and multi-language support.
- Gate.io : A historic exchange with a large and diverse user base, providing over 1,400 cryptocurrencies, and a wide range of trading services including spot, futures, options and fiat currency trading.
- Huobi : One of the leading exchanges in Asia and one of the earliest digital currency trading platforms. It has a loyal user base and provides a wide range of trading products, including spot, futures, leveraged trading and fiat currency trading.
- Coinbase : A friendly platform for beginners, known for its simple and intuitive user interface and safe and reliable service, supports various payment methods, suitable for beginners.
- Kraken : The old virtual currency exchange in the United States is known for its security and compliance. It is one of the preferred exchanges for institutional investors, with a variety of advanced trading features and professional customer support.
The above is the detailed content of What are the mainstream virtual currency currencies? Where to trade?. For more information, please follow other related articles on the PHP Chinese website!