Crypto terms you should know about

Over the years, there has been an increase in crypto investors. This is because many have seen the potential of it knowing the different advantages it brings its users. If you are interested in investing in crypto, there are many things to consider. 

Reading beginner’s guides and being familiar with the various phrases and terminology used in the crypto world are the best ways to get over this learning curve. You are familiarizing yourself and improving your understanding of crypto in general by doing this.

At Nano Links, we want you to be informed and prepared for anything in this vast crypto sphere. With this, we have prepared a list of beginner crypto terms you need to know about before investing:


Known as the first crypto to ever exist, Bitcoin remains the most popular coin in the market. Launched back in 2009 by Satoshi Nakamoto, one of the biggest reasons why it remains the biggest token is due to how blatantly decentralised it is. Bitcoin runs on an open network of computers and is maintained by a group of programmers. 


All tokens that do not identify as Bitcoin are referred to as an altcoin. Some examples include Ethereum, Litecoin, and Ripple. In fact, there are thousands of coins available in the crypto market. 


This is another type of cryptocurrency. These coins are pegged to key currencies such as the USD and EUR. Stablecoins minimise the volatility associated with other digital assets while providing fast and cheap transactions to their users.


Crypto mining is the process of validating transactions on a blockchain network. This is done by solving mathematical equations with hardware designed for it. Miners are in constant competition with each other and earn rewards in the form of crypto.


A blockchain is a decentralised digital ledger that records all crypto transactions. It does it securely and transparently. Compared to fiat transactions, there is no longer the need for a middleman when it comes to crypto transactions.

Crypto exchange

Exchanges are digital marketplaces in the crypto sphere. This is where users can buy and sell their assets for other digital or fiat currencies. Some of the most popular exchanges are CoinBase, Binance, Kraken, and Gemini. They help facilitate trading between buyers and sellers.

Crypto key

Keys are used to maintain the confidentiality and security of every crypto transaction done. There are two types which are private and public. These are codes that are made up of a combination of letters and numbers. They are used to conduct transactions with your crypto assets.

Crypto wallets

These are tools used by crypto users to store, send, or receive assets such as Ethereum and Bitcoin. Each wallet has a unique address that allows users to access their funds. There are three major types of crypto wallets. This includes hot, cold, and paper wallets. 

Invest in crypto

These are just some of the basic crypto terms you should know about. Besides the mentioned crypto terms above, there are tons more you need to know. We here at Nano Links recommend to you continuously expand your knowledge in crypto for you to be able to invest in it confidently. 

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