It's what you use today to pay commonly.
Your paper money to put it simply.
It is regulated by the government, unlike some crypto which we all know aren't regulated.
Topic: WHAT DOES IT REALLY MEAN (Read 614 times)
I am new to cryptocurrency world and I've learnt a lot since I started reading about it but I've not really gotten much of understanding on what is meant by FIAT CURRENCIES?
To make it simple, fiat currencies are provided or issued by our government, and the currency that you are using right now for making transactions is called cash, which is an precise example of fiat currency. I also think you are not making a good research here because I assume everybody knows what is a fiat currency. 
As the other users said, it is basically the money circulating in your country and issued by your local government. It is the traditional money we used to do different kinds of transactions for our daily life. What you have in your pocket or in your wallet is what we call fiat currency.
It's basically the money issued by the government. That's it. The crypto world thinks that Crypto can replace FIAT. Well, It's a possibility. But when will it happen? I feel like we are on the right track but still have quite a distance to the goal.
Fiat currencies are which we are using them in daily life, like dollar, euro, etc. It is controlled by banks, which means it is centralized monetary, but about cryptocurrency, it is decentralized monetary. That is why none or nothing can not control this world. It is a big difference between fiat currency and cryptocurrency. But no doubt if you start learning about both of currencies, you will know differences between them. Cryptocurrency gives us a good opportunity like we can make our transactions with fewer fees than our fiat currency.
I am new to cryptocurrency world and I've learnt a lot since I started reading about it but I've not really gotten much of understanding on what is meant by FIAT CURRENCIES?
Simple google search wont really cost you an arm and leg.https://en.wikipedia.org/wiki/Fiat_money
https://www.investopedia.com/terms/f/fiatmoney.asp
or simply means the money you've been using now is Fiat currency.
I am new to cryptocurrency world and I've learnt a lot since I started reading about it but I've not really gotten much of understanding on what is meant by FIAT CURRENCIES?
maybe by reading this article will help you to understanding about cryptocurrency my friend
https://en.wikipedia.org/wiki/Cryptocurrency and https://cointelegraph.com/bitcoin-for-beginners/what-are-cryptocurrencies
regards
this is the answer you've been looking for so far, hopefully with this picture you can understand what FIAT is, don't hesitate to ask anything in this forum if you still have questions
I am new to cryptocurrency world and I've learnt a lot since I started reading about it but I've not really gotten much of understanding on what is meant by FIAT CURRENCIES?
Fiat currencies are the currencies used in different countries. A good example is, in your own country or in your location, the money which is minted by the government and totally controlled by them is the fiat currency of that country. In a country like USA their fiat currency is US Dollars and also fiat comes in physical or hard form unlike cryptocurrencies which are digital currencies. Hence the typical differences between cryptocurrencies and fiat is; cryptocurrencies comes in digital forms while fiat is in physical or hard form, cryptocurrencies are not controlled by the government while fiat is owned and controlled by the government.
Welcome to the community! Glad to see more people trying to learn about crypto currencies and the technology behind it. Make sure you read the rules before you start posting. If you have a question, try searching for any threads similar to your question. You might get your answer over there.
Anyway, hope you got your answer over here. Also do look at the link the previous guy posted. The Glossary is going to be helpful!
Anyway, hope you got your answer over here. Also do look at the link the previous guy posted. The Glossary is going to be helpful!
Maybe he should get familiar with cryptocurrency glossary, it will help with most terms around here
https://coinmarketcap.com/glossary/
https://coinmarketcap.com/glossary/
the simplest explanation of fiat currencies is the money you use in your regular life when you go to the store or pay for fuel. but if you compare fiat money with cryptocurrency, it's just an outdated economic system
Paper currencies which are printed by respective central banks of eery countries are fiat currencies which are dollar,euro,etc...
Fiat currency is the centralized native currency of every country controlled by the government. Just like the Dollar , pounds , Dinari , Yen and so on. It's always in paper form used to make every dealings of buying and selling. But cryptocurency is decentralized with high anonymity.
FIAT is a legal or original currency but in paper form. for example like the Dollar and especially in my country Indonesia is called Rupiah. so you can redefine the meaning of the FIAT currency. I think your country also has a FIAT currency.
I am new to cryptocurrency world and I've learnt a lot since I started reading about it but I've not really gotten much of understanding on what is meant by FIAT CURRENCIES?
The money you spent in your country is Fiat, e.g USD, EUR, Pounds, Naira etc, i like the fact that you are a newbie and you don't mind asking questions, keep it up, this is the fastest way to learn in this space
You have many ways to know the deeper meaning of fiat currencies. As what you have said you learn a lot about cryptocurrency and this fiat currencies is the paper money you use to buy goods and services in your country.It is back by a government you belong in which guarantees the validity of that currency in your country. We have other ways to understand the true meaning of fiat so by having a research could help and enlighten you.
I am new to cryptocurrency world and I've learnt a lot since I started reading about it but I've not really gotten much of understanding on what is meant by FIAT CURRENCIES?
You do not need to understand what fiat currencies are if you are interested in cryptocurrencies and crypto market because fiat currencies are just the traditional paper currencies like usd, euro, gbp etc from where you are coming so why would you still want to stuck there? Just try to understand how cryptocurrencies work and what use cases they present and what problems they solve for the world atleadt focus on bitcoin and ethereum and you will understand it all in a few months.
it is a term for the money that we are using.. the cash/paper money that we can see in our everyday life that came from the government
I don't agree with your statement, as you have said you have learned a lot since you started here but I think if you had learned well you would not ask a question like this. As for your understanding flat means cash, for example, all country's currencies mean flat. Next time if you have a question like this you would have to search it before making any thread.
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