Wallet

in

A digital tool that allows users to store, receive, and send cryptocurrencies. Wallets can be hardware-based, software-based, or paper-based.

Cold Wallet

in

A type of cryptocurrency wallet that is not connected to the internet, providing an extra layer of security. Hardware wallets are common examples

Hot Wallet

in

A cryptocurrency wallet connected to the internet. Hot wallets are more convenient for frequent trading but may be considered less secure than cold wallets.

Two-Factor Authentication

in

A security process in which a user provides two different authentication factors to verify their identity. It adds an extra layer of protection to accounts.

Blockchain Technology

in

A decentralized and distributed ledger that records all transactions across a network of computers. It is the underlying technology for most cryptocurrencies

Token

in

A digital asset created on a blockchain using smart contracts. Tokens can represent various assets or rights within a specific ecosystem.

Mining

in

Mining

The process by which new coins are created and transactions are added to a blockchain. It involves solving complex mathematical problems.

Maker and Taker Fees

in

Maker and Taker Fees:

  • Fees charged by exchanges for trades. “Maker” refers to those who provide liquidity (place limit orders), and “taker” refers to those who take liquidity (place market orders).

Cross-Platform Trading

in

The ability to trade cryptocurrencies across multiple exchanges or platforms using a single account or interface.