Glossary

12/24 words that back up a wallet. Whoever has it owns the funds.

Secret that signs transactions. Never share.

Where others send you crypto. Safe to share.

Hot = online app; cold = offline/hardware, safer for savings.

The blockchain a transfer happens on. Sender and receiver must match.

Ethereum-compatible chains (Ethereum, Base, BNB Chain…) that share the same address format.

Fee paid to the network to process a transaction.

Token designed to track a currency like USD. Still carries issuer risk.

Exchange run by smart contracts, no account needed.

Funds locked in a DEX pair that make trading possible.

Difference between expected and executed price; large in thin markets.

Creators pull liquidity or dump supply, leaving holders with worthless tokens.

Power to create new tokens. Safer when revoked.

Power to freeze holders' tokens. Safer when revoked.

Fake sites/messages that trick you into revealing secrets or signing.

Permission letting a contract move your tokens. Revoke unused ones.

Simulated trading with virtual money.

Buying fixed amounts at intervals instead of all at once.

Identity verification required by regulated platforms.