Wallets7 minBeginner
Crypto terms every beginner should know
A jargon-light glossary for wallets, seed phrases, exchanges, chains, bridges, and DeFi.
Key takeaway
Learning a few terms makes crypto feel less like a wall of acronyms.
Key terms
Wallet: software or hardware that manages keys for blockchain addresses.
Recovery phrase: the backup phrase that can restore wallet access.
Exchange: a company that lets you buy, sell, and sometimes custody crypto.
Bridge: a tool for moving assets between networks.
DeFi: financial applications built with smart contracts.