The most detailed cryptocurrency dictionary

Blockchain and cryptocurrency are becoming an increasingly popular topic in the world and have long gone beyond the crypto community. Moreover, the regulation and use of cryptocurrencies are discussed at the state level. Also, a huge number of people join the crypto community and try to understand the market trends. But to understand the market and all the phenomena associated with cryptocurrency, users need to understand the cryptocurrency terminology, so the Cryptorobotics team has compiled a cryptocurrency dictionary that will help new users get comfortable in the crypto industry. Here, users will find the basic concepts and terms in the field of blockchain and cryptocurrencies to make it easier to navigate.

SEED phrase - is a set of words consisting of 12-24 words, with which the user can restore access to his crypto wallet. An analog of a code word for a bank account.
Semi-automated robots - are crypto trading bots that provide information to the trader about possible profitable trades but do not open orders themselves.
Short - is a trading strategy that involves opening a deal on credit when the value of a coin falls. A trader sells a coin in order to buy it cheaper after a while and earn on the difference in price. Thus, when traders want to make a profit by reducing the value of a digital coin, they open short trades.
Signal bot - is a signal to buy or sell a cryptocurrency at a certain price. The time and balance of the purchase of digital assets can be determined by both the trading bot and the user himself.
Smart contract - is a computer program that runs on a blockchain network and controls the execution of an agreement between two or more parties.
Stablecoin - is a digital asset whose value is pegged to fiat money (dollar, euro) or commodities (gold, oil).
Staking - is the receipt of passive income by simply storing cryptocurrencies on a smart contract, and is an alternative to mining.
Stop Loss - is a tool whose purpose is to minimize losses during trading when the value of an asset falls.
Take Profit - (TP) is a protective order that helps the trader to take profit when it reaches the set level.
Tokensale - is an initial sale of new startup coins at a price below the market price.
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