By @CryptoSalma33 | #Salma6422
“I bought my first token… and didn’t even understand what I was buying.”
Crypto can be confusing at first. But knowing these 10 essential terms will turn you from a lost beginner into a confident buyer.
Let’s simplify it 👇
1️⃣ Wallet
Your digital “pocket” for crypto.
There are two main types:
Hot wallet: Connected to the internet (e.g., MetaMask, Trust Wallet)
Cold wallet: Offline & more secure (e.g., Ledger)
🔐 Pro Tip: If you don’t control the private key, it’s not your crypto.
2️⃣ Private Key / Seed Phrase
Think of this as your crypto password.
It’s a 12- or 24-word phrase that lets you recover your wallet.
⚠️ Never share it. If someone has this, they own your assets.
3️⃣ Blockchain
A public digital record of all crypto transactions — transparent, secure, and decentralized.
Popular blockchains: Bitcoin, Ethereum, BNB Chain
🧠 Each coin usually runs on its own blockchain or as a token on another.
4️⃣ Token vs. Coin
Coin: Native to a blockchain (e.g., BTC, ETH)
Token: Built on another blockchain (e.g., SHIB on Ethereum)
Tokens rely on smart contracts. Coins have their own chain.
5️⃣ Gas Fees
A small fee paid to process transactions on a blockchain.
Example:
Swapping tokens on Ethereum may cost $5–$25 depending on congestion.
💡 Use cheaper networks like Arbitrum, Polygon, or Base to save gas.
6️⃣ DeFi (Decentralized Finance)
Apps that let you trade, lend, or earn crypto — without banks or middlemen.
Popular DeFi platforms: Uniswap, Aave, PancakeSwap.
⚠️ Always check if a DeFi app is audited.
7️⃣ Stablecoin
A cryptocurrency pegged to the value of real-world currency (usually USD).
Examples: USDT, USDC, BUSD
🪙 Used to avoid market volatility and for trading between assets.
8️⃣ FOMO (Fear of Missing Out)
Buying because “everyone else is buying” and you don’t want to miss the pump.
Result: You buy high. The price crashes. You panic sell.
❌ Never invest emotionally.
✅ Learn → Analyze → Decide.
9️⃣ DYOR (Do Your Own Research)
A golden rule in crypto.
Never trust hype. Always double-check:
The project’s whitepaper
Tokenomics
Team and roadmap
Community engagement
📌 If you don’t understand it, don’t invest in it.
🔟 HODL (Hold On for Dear Life)
A funny typo that became a crypto slogan.
It means: Buy and hold long-term, no matter the market ups and downs.
🧘 Stay patient. Avoid panic selling. Trust your research.
🧠 Final Thought
Understanding these 10 terms won’t just make you sound smart —
It’ll protect your money, help you make better decisions, and avoid beginner mistakes.
The next time someone says “swap tokens on a DEX to avoid gas fees,”
you’ll nod… and actually know what they mean 😉
💬 Which of these terms were new to you?
Comment below — or share this post with a beginner who needs it.
🔔 Follow @CryptoSalma33 for:
– Beginner tips
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