Bitcoin is a cryptocurrency. Cryptocurrency is the broader term for digital assets that use cryptography and typically a distributed ledger such as a blockchain. In other words, Bitcoin is one example of cryptocurrency, but not every cryptocurrency is Bitcoin.
The distinction matters because different cryptoassets can use different networks, rules and technologies. A description of Bitcoin should not automatically be applied to every other cryptoasset.
What is Bitcoin?
Bitcoin can refer to the Bitcoin network or protocol. Lower-case bitcoin refers to the units recorded on that network, while BTC is a common abbreviation.
The Bitcoin blockchain is a public record of Bitcoin transactions. A wallet manages the private keys used to authorise spending, while the blockchain records the transactions. The wallet is not a container holding physical coins.
Bitcoin.org’s vocabulary guide separates these terms because they describe different parts of the system: an address is used to receive bitcoin, a private key is secret information used to authorise spending, and a blockchain records transactions.
What is cryptocurrency?
Cryptocurrency is a broad term. It is commonly used for cryptoassets that use cryptographic methods and distributed ledger technology. The FCA describes cryptoassets as digital representations of value or rights that are secured by encryption and typically use distributed ledger technology.
There are many types of cryptoassets. They can have different networks, purposes and operating rules. Some use blockchains; some projects may use other forms of distributed ledger technology. The word cryptocurrency alone does not explain how a particular asset works or whether it is suitable for anyone.
Bitcoin and cryptocurrency compared
| Term | Meaning |
|---|---|
| Cryptocurrency | A broad category of digital assets that commonly use cryptography and distributed ledger technology |
| Bitcoin | A specific cryptocurrency and the network that records bitcoin transactions |
| BTC | A common abbreviation for the bitcoin unit |
| Blockchain | A type of distributed ledger that records data in linked blocks; Bitcoin uses one to record transactions |
A simple comparison is the relationship between a category and an example. Fruit is a category, while an apple is one type of fruit. Cryptocurrency is the category; Bitcoin is one member of it. The comparison is only a shortcut, not a description of how the technology works.
Why the difference matters
The distinction helps you read crypto information more carefully.
A Bitcoin wallet may use Bitcoin-specific terms and rules. A wallet or address for another network may work differently. An address is not the same as a private key, and a recovery phrase should never be shared with a website, seller or supposed support agent.
The name Bitcoin can also appear on physical objects. A metal Bitcoin-themed coin may be a souvenir or collectible rather than an object that controls a Bitcoin balance. The logo, printed denomination or a visible address does not prove that the object contains spendable bitcoin.
Common questions
Is Bitcoin a cryptocurrency?
Yes. Bitcoin is one cryptocurrency. The word cryptocurrency covers a wider group of digital assets.
Is every cryptocurrency Bitcoin?
No. Bitcoin is one particular network and asset. Other cryptoassets can use different networks, software and rules.
Is cryptocurrency the same as digital money in a bank account?
No. Money in a bank account is recorded within the banking system and is issued under a different legal and institutional framework. Cryptocurrency refers to a different class of digital asset. The terms should not be treated as interchangeable.
Is a physical Bitcoin coin real Bitcoin?
Not automatically. Many physical Bitcoin-themed objects are souvenirs or collectibles. Bitcoin exists as records on the Bitcoin network, and control depends on secret signing information rather than the metal object itself. Read our guide to physical Bitcoin coins for the details.
Further reading
For the meaning of terms such as wallet, address, private key and recovery phrase, see our crypto glossary. You can also return to Crypto explained for the beginner’s reading route.
Cryptoassets can be complex and risky. This article explains terminology. It is not financial, tax or legal advice, and it does not recommend buying, selling or using a particular cryptoasset.
Sources
Source check: 8 September 2026.