beginner

Nothing assumed. These articles explain every term as it appears and are the right place to start if you have never bought crypto.

Crypto Glossary 100 terms

Bag Holder

A cryptocurrency trader or investor stuck holding large amounts of a crypto asset that has severely depreciated and cannot be sold back into the market for a decent price. Full definition

Confirmation

Validation of a transaction or series of transactions. On the Bitcoin blockchain, each individual transaction must be validated by multiple independent nodes to be considered a true act. Full definition

Cryptocurrency

Refers to all digital currencies that are on a blockchain and work in a peer-to-peer fashion. Full definition

Faucet

Websites that give away a small amount of cryptocurrency in exchange for visiting the site or completing a survey. Full definition

FOMO (Fear Of Missing Out)

A term used to express the anxiety a trader could feel if they don’t act quickly when making trading decisions, generally arising when a coin’s price is rapidly rising. Full definition

Miner

The node/node operator which chooses to participate in the gamified/incentivized process of extracting bitcoin and securing its network. Full definition

Satoshi

The smallest divisible unit of bitcoin, equal to one hundred millionth of a single bitcoin (0.00000001 BTC). Full definition

Transaction Fee

A small amount paid by a user to have their transaction processed and included in a block on the blockchain network. Full definition

Bear Market

A prolonged period of declining prices, typically defined as a drop of 20% or more from recent highs, accompanied by widespread pessimism and low investor confidence. Full definition