New to crypto? You’ve probably come across unfamiliar words like blockchain, wallet, or altcoin. Don’t worry — we’ve got you covered. Here are 7 essential terms to help you navigate the crypto world with confidence.
1. Blockchain
A blockchain is a decentralized digital ledger that records transactions across a network of computers. It’s what makes crypto secure and transparent.
2. Bitcoin (BTC)
The first and most popular cryptocurrency, launched in 2009. It’s often called “digital gold” and is used as a store of value.
3. Wallet
A crypto wallet is a tool for storing, sending, and receiving cryptocurrencies. There are hot wallets (online) and cold wallets (offline).
4. Altcoin
Any cryptocurrency that is not Bitcoin is called an altcoin — examples include Ethereum, Cardano, and Dogecoin.
5. Exchange
A cryptocurrency exchange is a platform where you can buy, sell, or trade cryptocurrencies. Examples include Binance, Coinbase, and Kraken.
6. DeFi (Decentralized Finance)
DeFi refers to blockchain-based financial services like lending, borrowing, and trading — all without traditional banks.
7. NFT (Non-Fungible Token)
NFTs are unique digital assets (like art, music, or in-game