Let’s start with the fact that there are two kinds of currencies in the game.

Bells

The first of the currencies is the classic Bells.

Bells can be also used for paying for improving the island.

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Over time, you will be able to buy infrastructure improvements from Tom Nook.

This includes bridges and stairs to the upper parts of the island.

Expanding the house requires some bells fee as well.

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You must pay it so that you’ve got the option to continue investing in your house.

Nook Miles

Nook Miles is the second currency available in the game.

you could read more about iton this page of the guide.

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Nook Miles are obtained in a much slower pace.

Later however, you will receive them less frequent.You shouldn’t spend all of them at once.

Nook Miles are also very useful during the first week of the game, while you lack resources.

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During these trips, you will also encounter new characters.

you could invite them to your island if you have enough place for them.

You won’t be able to come back to it later.

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Animal Crossing: New Horizons