Some terms to know in crypto if you are new to it

Exchange

A platform where you can buy, sell, or trade crypto (e.g., Binance, Coinbase).

Centralized Exchanges (CEX): Run by companies (more user-friendly).

Decentralized Exchanges (DEX): Peer-to-peer (more private, but less beginner-friendly).

HODL

A slang term meaning "Hold On for Dear Life." It means keeping your crypto long-term and not selling during market dips.

FOMO / FUD

FOMO = Fear of Missing Out (leads to impulsive buying).

FUD = Fear, Uncertainty, Doubt (negative news causing panic selling).

Stay calm and invest wisely.

8. Smart Contract

Self-executing code on the blockchain that runs when conditions are met. They power things like DeFi apps, NFTs, and DAOs.

Token vs. Coin
Coins have their own blockchain (e.g., Bitcoin, Ethereum).

Tokens are built on another blockchain (e.g., USDT on Ethereum).

Gas Fees

These are transaction fees paid to use a blockchain network. Ethereum is known for high gas fees during peak times.

🎯 Final Tip:

Understanding the basics will help you avoid common mistakes and make smarter investment decisions. Always do your own research (DYOR) — and never invest more than you can afford to lose.