CRYPTO TERMS YOU’LL SEE EVERYWHERE
New to crypto? These are five terms you’ll come across again and again.
🟠 BTC — Bitcoin
Bitcoin was the first cryptocurrency, introduced in 2008 and launched in 2009. It operates on a decentralized network and enables peer-to-peer transfers without a central intermediary.
🔹 Altcoin
An altcoin generally refers to any cryptocurrency other than Bitcoin. Altcoins can have very different purposes, technologies, and supply designs.
💵 Stablecoin
A stablecoin is a crypto asset designed to maintain a relatively stable value, often by being linked to a reference asset such as a fiat currency.
🌐 DeFi — Decentralized Finance
DeFi refers to financial services built using blockchain technology and smart contracts. These can include activities such as decentralized trading, lending, and borrowing.
🖼️ NFT — Non-Fungible Token
An NFT is a unique digital asset recorded on a blockchain. Unlike interchangeable cryptocurrencies, NFTs have distinct properties and can be used for things such as digital art, collectibles, and gaming.
Why do these terms matter?
Because understanding crypto isn’t only about knowing how to buy or sell.
It starts with understanding the language of the ecosystem.
📚 Keep learning with Binance Academy.
Educational content only, not financial advice. DYOR and use official Binance sources.
#Binance #CryptoEducation #crypto #BTC
New to crypto? These are five terms you’ll come across again and again.
🟠 BTC — Bitcoin
Bitcoin was the first cryptocurrency, introduced in 2008 and launched in 2009. It operates on a decentralized network and enables peer-to-peer transfers without a central intermediary.
🔹 Altcoin
An altcoin generally refers to any cryptocurrency other than Bitcoin. Altcoins can have very different purposes, technologies, and supply designs.
💵 Stablecoin
A stablecoin is a crypto asset designed to maintain a relatively stable value, often by being linked to a reference asset such as a fiat currency.
🌐 DeFi — Decentralized Finance
DeFi refers to financial services built using blockchain technology and smart contracts. These can include activities such as decentralized trading, lending, and borrowing.
🖼️ NFT — Non-Fungible Token
An NFT is a unique digital asset recorded on a blockchain. Unlike interchangeable cryptocurrencies, NFTs have distinct properties and can be used for things such as digital art, collectibles, and gaming.
Why do these terms matter?
Because understanding crypto isn’t only about knowing how to buy or sell.
It starts with understanding the language of the ecosystem.
📚 Keep learning with Binance Academy.
Educational content only, not financial advice. DYOR and use official Binance sources.
#Binance #CryptoEducation #crypto #BTC
