Entering the world of cryptocurrency can feel overwhelming with all the new terms and technical jargon. Whether you’re reading crypto news or using a wallet, understanding key crypto terminology is essential for beginners.
Here’s a simple glossary of the most common and important crypto words you should know.
🔑 Basic Terms
- Cryptocurrency – A digital currency that operates without a central authority.
- Blockchain – A decentralized, digital ledger that records all crypto transactions.
- Wallet – A digital tool to store, send, and receive cryptocurrencies.
💹 Investment & Trading
- HODL – “Hold On for Dear Life.” A strategy of keeping crypto long-term despite volatility.
- FOMO – “Fear Of Missing Out.” Buying crypto impulsively due to price hype.
- Whale – A person or group that holds large amounts of crypto and can move the market.
🔐 Security & Safety
- Private Key – A secret code that gives you control over your crypto. Never share it.
- Seed Phrase – A 12–24 word recovery phrase to restore your wallet.
- Rug Pull – A scam where a crypto project disappears after collecting investor funds.
⚙️ Technical Terms
- Smart Contract – A self-executing contract with terms coded on a blockchain.
- DeFi – Decentralized Finance. Financial services without banks or intermediaries.
- Gas Fees – The transaction cost you pay when sending crypto on networks like Ethereum.
🧠 Final Thoughts
Learning crypto terminology is the first step to becoming a confident and informed investor. The more you understand, the safer and smarter your crypto journey will be.
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