Crypto Dictionary
Your one-stop to catch up on all beginner crypto terms!
Last updated
Your one-stop to catch up on all beginner crypto terms!
Last updated
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HODL: Holding crypto for the long term, despite market fluctuations. (Originated from a typo of "hold").
FUD (Fear, Uncertainty, and Doubt): Negative information spread to manipulate markets.
Shilling: Aggressive promotion of a crypto project, often biased.
Whale: Individual with large crypto holdings that can impact markets.
WAGMI (We're All Gonna Make It): Optimistic belief in the future success of crypto.
Bullish: Positive outlook on the future price of a crypto.
Bearish: Negative outlook on the future price of a crypto.
REKT: Lost a lot of money on a crypto investment (slang term).
Moon: Slang for a crypto price going up very quickly.
Diamond Hands: Holding crypto even through price drops (opposite of paper hands).
NGMI (Not Gonna Make It): Pessimistic belief about the future success of crypto (opposite of WAGMI).
Flippening: Hypothetical scenario where Ethereum overtakes Bitcoin in market cap.
DeFi Summer: Period of rapid growth in the DeFi market (e.g., 2020).
GM (Good Morning): Informal greeting in the crypto community.
Blockchain: A public record book for transactions, secure and decentralized (no single owner).
Cryptocurrency (Crypto): Digital money like Bitcoin or Ethereum, used for payments or investment.
Wallet: Stores your crypto securely, like a digital bank account.
Exchange: Platform to buy, sell, and trade cryptocurrencies.
NFT (Non-fungible token): Unique digital certificate of ownership for digital items (art, music, etc.).
dApp (decentralized application): App built on a blockchain, not controlled by a single entity.
Mining: Adding transactions to the blockchain for rewards (crypto-specific).
Staking: Locking up your crypto to earn interest or rewards.
Gas Fee: Transaction fee on a blockchain network (varies based on traffic).
Airdrop: Free tokens or coins distributed to crypto wallets for promotion.
Phishing Attack: Deceptive attempt to gain access to your crypto wallet.
Rug Pull: When developers abandon a project after taking investors' money (common in DeFi scams).
Ponzi Scheme: Investment scam that pays returns using new investors' money.
Seed Phrase Recovery: Process of recovering your crypto wallet using your seed phrase.
Multi-Signature Wallet: Requires multiple approvals for transactions (more secure).
Cold Storage: Storing your seed phrase securely offline (e.g., metal wallet).
Seed Phrase: Secret words to access your crypto wallet, keep it safe and private!
Cold Wallet: Offline device for secure crypto storage (hardware wallet or paper wallet).
Hot Wallet: Online wallet for easy access to your crypto (but less secure).
Public Key: Address to receive crypto (like a bank account number).
Private Key: Secret key to access and spend your crypto (like your ATM PIN).
Fiat: Traditional currencies like USD or EUR.
Volatility: Price fluctuations of cryptocurrencies (can be high).
ATH (All-Time High): Highest price a crypto has ever reached.
ATL (All-Time Low): Lowest price a crypto has ever reached.
FOMO (Fear Of Missing Out): Anxiety about missing out on a profitable opportunity.
DYOR (Do Your Own Research): Never invest blindly, research projects before investing.
Web3: The next iteration of the internet, aiming for decentralization and user ownership.
Metaverse: A network of interconnected virtual worlds where users can interact.
DAO (Decentralized Autonomous Organization): Community-run organization on a blockchain.
DeFi (Decentralized Finance): Financial services built on blockchain, without traditional intermediaries.
Play-to-Earn: Games where players can earn crypto through gameplay.
P2P (Peer-to-Peer): Direct transactions between users without a central authority.
Smart Contract: Self-executing code on a blockchain, automatically triggers actions when conditions are met.
dApp Protocol: Set of rules that govern how a dApp functions.
Consensus Mechanism: Process for verifying transactions on a blockchain (e.g., Proof-of-Work, Proof-of-Stake).
Scalability: Ability of a blockchain to handle a growing number of users and transactions.
Interoperability: Ability of different blockchains to communicate with each other.
Fork: A split in a blockchain creating two separate versions.
ICO (Initial Coin Offering): Crypto fundraising event where new coins are sold to investors.
Order Book: List of buy and sell orders for a crypto on an exchange.
Limit Order: Order to buy or sell at a specific price.
Market Order: Order to buy or sell at the best available price.
Stop-Loss: Order to automatically sell a crypto if the price falls below a certain point.
Technical Analysis (TA): Using charts and historical data to predict price movements.
Fundamental Analysis (FA): Evaluating the underlying value of a crypto project.
ROI (Return on Investment): Profit or loss on a crypto investment.
DeFi Lending: Borrowing and lending crypto through DeFi platforms.
Yield Farming: Earning rewards by staking or lending crypto in DeFi protocols (high risk).
Liquidity Pool: Pool of crypto assets used to facilitate trading on decentralized exchanges (DEXs).
NFT Utility: Additional features or benefits associated with owning an NFT (e.g., access to exclusive content).
Play-to-Earn Mechanics: Ways players earn crypto in play-to-earn games (e.g., battling, breeding, quests).
DAO Governance: Process by which DAO members vote on proposals to make decisions.
Soulbound Tokens (SBTs): Non-transferable NFTs representing aspects of your digital identity.
SocialFi: Integration of social media and DeFi, allowing users to earn rewards for social interactions.
Regenerative Finance (ReFi): Using blockchain to support sustainable environmental practices.
Web Monetization: Rewarding content creators directly through micropayments on websites.
Zero-Knowledge Proofs (ZKPs): Cryptographic technique for proving information true without revealing the details.
Layer 2 Scaling Solutions: Blockchain protocols built on top of existing blockchains to improve scalability.
Proof-of-Work (PoW): Consensus mechanism used by Bitcoin, criticized for high energy consumption.
Proof-of-Stake (PoS): More energy-efficient consensus mechanism used by Ethereum 2.0.
Carbon Footprint: Total amount of greenhouse gas emissions associated with an activity (e.g., crypto mining).
Sustainable Blockchain Initiatives: Efforts to reduce the environmental impact of blockchain technology.
KYC (Know Your Customer): Regulations requiring verification of user identity for financial transactions.
AML (Anti-Money Laundering): Regulations to prevent money laundering using cryptocurrencies.
Decentralized Governance: Decision-making processes within DAOs and other blockchain projects.
CBDCs (Central Bank Digital Currencies): Digital versions of fiat currencies issued by central banks.