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Glossary

Bitcoin lexicon can be confusing for no-coiners. Here we help the noobs understand whats happening. WAGMI.

Apeing

Apeing bitcoin means buying a larger amount than usual due to your confidence or bullish feelings about current market conditions. However, the term has been co-opted by the wider cryptocurrency

Read More
November 11, 2022

AML

AML stands for “Anti-Money Laundering” and is a phrase you will come across when you register an account to buy Bitcoin from a centralised exchange or using any centralised financial

Read More
November 11, 2022

Airdrop

Airdrops are when a company gives out free cryptocurrencies to community members. Sometimes you can get free cryptos just by doing things like retweeting or sharing something about the company.

Read More
November 11, 2022

51% Attack

A 51% attack occurs when a person, or a group of people, can stop Bitcoin transactions and even cancel them by having the majority of the mining power to do

Read More
November 11, 2022

2FA

2FA stands for “2-Factor Authentication” and is an additional layer of security when using such things as your exchange account to authorize an action such as withdrawing Bitcoin to a

Read More
November 11, 2022
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