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Crypto, term by term.

Every word that trips people up, in plain English. No jargon explaining jargon — just clear definitions you can actually use.

40 terms

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  • 2FA (Two-Factor Authentication)

    A second check on top of your password — usually a code from an app on your phone. Even if someone steals your password, they still can’t get in without it.

A

  • Altcoin

    Any cryptocurrency that isn’t Bitcoin. The word is short for "alternative coin" and covers thousands of projects, from Ethereum to tiny new tokens.

  • AML (Anti-Money Laundering)

    The rules that stop criminals from hiding illegal money through crypto. They’re the reason regulated platforms ask who you are and where your funds come from.

  • ATH (All-Time High)

    The highest price a coin has ever reached. It’s a useful reference point, but it’s no promise the price will ever return there.

B

  • Bear market

    A long stretch where prices are falling and most people feel gloomy. The opposite of a bull market.

  • Bitcoin

    The first and best-known cryptocurrency, launched in 2009. It’s digital money that runs on a worldwide network with no bank or government in charge.

  • Blockchain

    The shared digital record that crypto runs on. Think of it as a public notebook, copied across thousands of computers, where every transaction is written down and can’t be quietly changed.

  • Bull market

    A long stretch where prices are rising and people feel optimistic. The opposite of a bear market.

C

  • Coin

    A cryptocurrency that has its own blockchain, like Bitcoin or Ethereum. It’s the native money of that network (unlike a token, which is built on top of one).

  • Cold storage

    Keeping crypto completely offline, so hackers on the internet can’t reach it. It’s the safest way to hold coins you don’t plan to touch for a while.

  • Custody / Custodian

    Who actually safeguards your crypto. A custodian is a regulated company that holds the keys for you, so you don’t have to worry about losing them yourself.

D

  • DCA (Dollar-Cost Averaging)

    Buying a small, fixed amount on a regular schedule — say a little every week — instead of trying to guess the perfect moment. It smooths out the ups and downs over time.

  • Decentralization

    When no single company or person is in control — the system is run by many computers around the world. It makes a network harder to shut down or censor.

E

  • Ethereum

    The second-biggest cryptocurrency, and a platform that lets developers build apps and tokens on top of it. Its coin is called Ether (ETH).

  • Exchange

    A platform where you buy, sell, and trade crypto — a bit like an online currency bureau. CryptoUnity lets you do this straight from the app.

F

  • Fiat

    Ordinary government money like euros, dollars, or pounds. "Fiat" is just the word crypto people use to tell it apart from cryptocurrency.

G

  • Gas fee

    The small charge you pay to make a transaction go through on a blockchain. It rises when the network is busy and falls when it’s quiet.

H

  • Halving

    A scheduled event where the reward for mining new Bitcoin is cut in half, roughly every four years. It slows down how fast new coins are created.

  • HODL

    Crypto slang for holding onto your coins through the ups and downs instead of selling in a panic. It started as a typo of "hold" and stuck.

  • Hot wallet

    A wallet that stays connected to the internet, so it’s handy for everyday buying and spending — but a little more exposed than cold storage.

K

  • KYC (Know Your Customer)

    The quick identity check you do when signing up — usually a photo of your ID and your face. It’s a legal requirement that keeps regulated platforms safe and above board.

L

  • Ledger

    A record of who owns what. On a blockchain the ledger is public and shared, so everyone can agree on the balances without trusting a middleman. (Ledger is also a popular brand of hardware wallet.)

  • Liquidity

    How easily you can buy or sell something without moving its price. High liquidity means there are plenty of buyers and sellers, so your order fills quickly and fairly.

M

  • Market cap

    The total value of all of a coin’s units added together — its price multiplied by how many exist. A bigger market cap usually means a more established coin.

  • Mining

    The process some networks use to confirm transactions and create new coins, done by computers solving hard puzzles. Bitcoin works this way.

N

  • NFT (Non-Fungible Token)

    A one-of-a-kind digital item recorded on a blockchain, like a piece of art or a collectible. Unlike a coin, each NFT is unique and can’t be swapped one-for-one.

P

  • Private key

    The secret code that proves you own your crypto and lets you move it. Anyone who has it controls your funds, so it must never be shared.

  • Public address

    Your wallet’s shareable "account number" — the string of characters people send crypto to. It’s safe to give out, unlike your private key.

S

  • Seed phrase

    A list of 12 to 24 simple words that can restore your entire wallet if your device is lost. Write it down, keep it offline, and never type it into a website.

  • SEPA

    The standard way to move euros between bank accounts across Europe. On CryptoUnity it’s how you deposit and withdraw cash, usually within a day.

  • Smart contract

    A small program that lives on a blockchain and runs automatically when its conditions are met — like a vending machine for digital agreements, with no middleman needed.

  • Spread

    The small gap between the price to buy and the price to sell at any moment. A tighter spread means you’re getting a fairer deal.

  • Stablecoin

    A cryptocurrency designed to hold a steady value, usually pegged to a currency like the dollar or euro. People use it to park funds without the wild price swings.

  • Staking

    Locking up some of your crypto to help run a network, and earning rewards for doing so — a bit like interest on a savings account. It only works on certain coins.

T

  • Token

    A cryptocurrency built on top of an existing blockchain rather than having its own. Many tokens live on Ethereum, for example.

V

  • Volatility

    How much and how fast a price swings up and down. High volatility means bigger possible gains — and bigger possible losses.

  • Volume

    How much of a coin has been bought and sold over a period, usually the last 24 hours. High volume signals lots of activity and interest.

W

  • Wallet

    Where your crypto lives. Rather than holding coins like a purse holds cash, a wallet stores the keys that let you access and move your funds.

  • Whale

    Someone who holds a very large amount of a coin — enough that their buying or selling can nudge the whole market.

Y

  • Yield

    The return you earn on crypto you put to work, for example through staking. It’s usually shown as a yearly percentage, like interest.

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