glossary

Crypto terms for you to enhance
your trading experience

A

Active Order is an order that is still active and available in the order book to be filled.

Address is a unique identifier consisting of 26 to 35 alphanumerics characters that define the destination of a digital asset destination.

Airdrop is the distribution of free digital assets to the public such as tokens or coins. It is commonly used as a marketing strategy in promoting the respective asset or its parent company.

All-time high or ATH price refers to the highest point of a price that an asset has ever been in history.

All-time low or ATL price refers to the lowest point of a price that an asset has ever been in history.

Algorithm is a process or a set of rules to be followed in problem-solving operations. Bitcoin uses the SHA-256 hash algorithm.

Altcoin or Alternative coin is a digital currency (aka cryptocurrency) that is not Bitcoin and not depended on any national governance.

Anti Money Laundering or AML are measures taken by financial institutions or any responsible bodies, with a set of procedures, regulations, and laws that are created to end income generation practices through illegal activities.

Arbitrage is a selling and buying of an asset and its profits from the difference between the markets. It is profitable from exploiting the price differences or identical assets on the different financial instruments. Arbitrage only exists as a result of market inefficiencies.

Ask Price is the highest price that a seller is willing to sell their specific asset.

Auto Deleverage is a system that acts as a contract loss mechanism to protect traders from being affected by large losses caused by risky trades.

B

Bagholder refers to an investor who is holding onto his coins or tokens despite the significant decline of its market value.

Base Currency is the first currency in a currency pair.

Bear refers to a person who thinks that the condition or the value of the market is going down.

Bearish refers to market value of a certain asset that is in downward trend.

Bear Trap refers to a misleading signal that occurs when the price of an asset decline quickly in an upward trend.

Bid Price is the highest price that a buyer is offering to pay to purchase a specific asset.

Bitcoin is a digital currency that uses peer-to-peer technology to make transactions. It is a decentralized currency, which means it doesn’t need a central authority to oversee or approve the transactions.

Bitcoin Cash or BCH is a digital currency created in 2017 from a fork of Bitcoin.

Bitcoin height refers to the number of blocks in the chain between the current block and the very first block in the blockchain.

Bitcoin Pizza is referring to the infamous Papa John’s pizzas that costed Laszlo Hanyecz 10,000 BTC.

Block is part of the Bitcoin ledger that records all recent verified Bitcoin transactions.

Blockchain is a decentralized and digital ledger that records transaction information about a cryptocurrency in a chronological order. The recorded information cannot be forged and is highly secured, making it extremely difficult to hack into.

Block reward is the number of Bitcoin that one gets if they successfully solve a mathematical problem to mine a block of the currency. The amount of the reward halves at every 210,000 blocks or once in 4 years.

Bounty are rewards offered to participants of a program of various. The rewards could be in the form of token, coin or cash.

Bull refers to a person who thinks that the condition or the value of the market is going up.

Bullish refers to market value of a certain asset that is in upward trend.

Bull Trap refers to a misleading signal that occurs when the price of an asset inclines quickly in a downward trend.

Bug is a defect or an error in a system, site or computer program.

Buy The Fucking Dip or BTFD implies that one should buy the asset when the price is declining.

Buy Wall is the result of large block of buy orders of a certain asset at a specific price

C

Canceled Order is an order that has been withdrawn from the order book without being fully filled.

Candlestick is a graph representation within certain periods of price action that displays the open, close, high, and low points.

Chainlink is a program that attempts to aid with the gap between smart contracts on blockchain and real-world applications, which often tend to be off the blockchain. It uses oracles to confirm the real-world data and brings it onto the chain to be consolidated into the form of a smart contract.

Cipher, in cryptography, refers to an algorithm that performs decryption or encryption – a sequence of well-defined guides that may be followed as a procedure.

Circulating Supply refers to the number of cryptocurrency tokens or coins that are available publicly and circulating in the market space. It increases and decreases with time.

Closed Order is a completely filled order.

Coin is a form of digital cash or currency that is independant on any blockchain or platform.

Cold Wallet or Cold Storage refers to any cryptocurrency wallet that isn’t connected to the internet. It is often said to be the most secure form of storage.

Consensus is a fault-tolerant mechanism that allows users or machines to coordinate in distributed settings.

Cryptocurrency is a digital asset that has values and works as a medium of exchange for financial transactions. Most cryptocurrencies are not regulated by national constitutions.

Cryptography is the science of using mathematical theories and computation in order to encrypt and decrypt information.

Cryptographer is a person who creates a security system, ciphers, and algorithms to encrypt sensitive information and provide privacy for people and companies.

D

DAO or Decentralized Autonomous Organization is an organization that is represented by regulations enciphered as an operating system that is transparent, managed by the team members, and is not controlled by the central government.

dApp or Decentralized applications is a computer application that runs on a distributed computing system.

Decentralization means the movement of authority from being controlled by the central government to none.

Decryption is a process of transforming encrypted information into an understandable form.

Deflation is a term used when the prices are decreasing informally. It is often not a decrease in the prices itself, but a monetary phenomenon that sometimes causes decreasing prices.

Deposit Fee is a type of fee that is sometimes fixed and is required when a deposit is placed. This fee usually a small percentage of the total deposit amount.

Depth Chart is a constantly changing display showing the total number of orders to buy and sell as an asset. This chart splits in the middle, which indicates the price of the asset during the last trade, and across the bottom, it organizes by the price.

Derivatives is a financial contract between two or more people based on the later price of an underlying instrument.

Digital Currency, also known as virtual currencies are centralized where a group of people and computers regulates the state of the transaction in the network.

Digital Signature is a sign that one can use to show that their private key is connected to a public key without revealing the actual private key.

Distributed Ledger us a database that consensually shared and synchronized across multiple sites, institutions, or geographies accessible by multiple people. It has the same technology used by blockchain.

Double Spend is a potential flaw in a digital cash mechanism in which the same transaction can be copied to make it look legitimate which results in lost/stolen cryptocurrency.

Dump is a part of the ‘pump and dumps’ scheme where insiders usually purchase the digital assets at an extremely lower price and attract investors to purchase at a higher price and then the assets are dumped when the price falls back down and the investors lose money.

DYOR or do your own research simply reminds traders to make their own research and base their financial decision on it.

E

Entry Price is the price you input to enter or buy into a trade or an investment.

Ethereum is the second-largest altcoin, an open-source, blockchain-based, and a decentralized software platform that uses its own cryptocurrency, Ether.

Exchange is a marketplace for cryptocurrencies where users can buy and sell coins.

Exit Price is the price that you input to exit or sell out a trade or an investment.

F

Fiat Currency has no intrinsic value and is established as legal tender by a government such as MYR, USD, EUR etc.

Fill or Kill Order is a type of order that executes a transaction immediately entirely or else it will be cancelled entirely.

Filled Order is an order that can be “partially” or “fully” filled. To fill a buy or sell order is to match it with one or more orders of the opposing type.

FOMO or Fear of missing out is an expression of fear that applies to any situation to describe any fear-based factor that could get in the way of trading.

Fork in cryptocurrency means a divergence in the blockchain which could either be temporary or permanent. It happens when a blockchain breaks into two branches and this happens as a result of a change in consensus algorithm or other software changes.

FUD stands for “fear, uncertainty and doubt”, it reflects on sentiments in the market especially when there’s a big price shift or on risks of getting scammed or hacked.

Fundamental Analysis is a method of evaluating an assest in an attempt to assess its intrinsic value by evaluating its related economy, finance, and other factors.

Futures Contract is an agreement between a buyer and a seller on the longer-term value of a cryptocurrency, without buying or selling the assets directly.

G

Gas in cryptocurrency refers to a fee or pricing value that is required to successfully execute a contract or conduct a transaction on the blockchain platform.

Genesis Block is the name of the first block of Bitcoin that was ever mined.

Good Till Canceled Order is when a trader either buys or sells a contract and the order will stay in the order book until it’s completely filled or canceled.

H

Halving is an event where the reward for mining new blocks is halved or cut in half.

Hard Cap is the total issuance of a coin that will ever be created. This amount is secured and defined before an ICO is launched. The distribution of the coin can never surpass this amount.

Hard Fork is a progressive change to a software protocol or an update that isn’t backward compatible, which makes previously invalid blocks and transactions valid, or conversely. An upgrade to the latest version of the software protocol will be required.

Hash Rate, sometimes called Hash Power is the speed at which a cryptocurrency mining device runs. Speed is essential for a miner who is trying to solve a question, add blocks to the chain, and harvest the rewards before others.

HODL is a term surface from a misspelling of ‘Hold’ that refers to buying and holding digital assets. Some variation refers to it as an acronym for ‘hold on for dear life’.

I

Immediate Or Cancel Order (IOC) is a type of order where a trader would buy or sell immediately. The remaining contracts in the order that was not sold or bought immediately will be canceled as well. The IOC is also known as “Accept Order”

Index Price is a measure of relative price changes, consisting of a series of numbers arranged in a way that the values for any two periods or places will show the average change in price.

ICO, also known as Initial Coin Offering. It’s a fundraising method in which new projects sell their cryptocurrency to investors.

Initial Margin represents the number of funds, which a trader needs to open a trade, depending on the leverage ratio.

Insurance Fund acts as the first line of defense against contract loss and prevents the ALD mechanism from being triggered.

J

JOMO or Joy of missing out is an expression that most often used to describe the feeling that one is happy that they didn’t get on the train or onboard with a plan that turned out to be a scam or rumor.

K

KYC (Know Your Customer) allows a business to identify a client and access their suitability along with potential risks of illegal activity towards the relationship.

L

Lambo is a short form for Lamborghini, the Italian sports car that many cryptocurrency investors promise to purchase in the event that they become rich from their investment.

Last Traded Price simply means the last price that a trade occurred in a futures contract.

Leverage is a feature that allows users to place trades in larger amounts than what they have in their balances. BitOrb has leverage up to 100x.

Limit Order is when a trader buys or sells a digital asset at a pre-specified price. This order consists of a maker or taker depending on whether it crosses the order book.

Liquidation describes the amount of activity on a market. When there is a high liquidity in the exchange, there is a high volume of trade orders occuring in the market of a digital asset.

Long in cryptocurrency means that there is a rise with the price movement of the said asset and opening a long position during this period will result in traders making a profit.

M

MACD, or also known as Moving Average Convergence Divergence is a trend following, an oscillator-type indicator that is used by traders for technical analysis. MACD is a trend-following tool that utilizes moving averages to determine the momentum of a digital asset.

Maintenance Margin is the base amount an investor must keep in their margin account after the purchase has been made.

Maker Fee is a type of fee that is paid when traders add liquidity to the order book by placing a limit order that is below the buying price and above the selling price. If a trader places a limit order that matches a hidden order, the trader will pay the maker fee.

Margin refers to the trading borrowed funds used to place orders instead of the funds deposited or existing in the user’s current balance.

Margin Trading allows users to borrow money by leveraging their current funds to trade digital assets “on margin” on an exchange.

Market order will buy or sell at the best average market price and all market orders as taker.

Mark Price is the global rated average reference price that is calculated from the underlying index, often calculated as a weighted index spot price of an asset across multiple exchanges, to avoid price manipulation of a single exchange.

Miners are people independently verifying transactions on the asset’s network using computational powers.

Mining or crypto mining is a process of adding transaction records to the blockchain digital ledger after miners verifying it.

Mining Pool is a group of digital asset miners who comes together and combine their computational resources over a network. The reward is then split equally, based on the amount of work they have contributed.

Mooning describes a digital asset that is rising in price rapidly and sharply. Traders would say the coin is “Going to the moon!”, implying that the price is on a rocket ship.

Moving Average or also known as MA is an arithmetic method of smoothing price numbers for traders to see and measure a trend. A moving average line describes more accurately with what’s going on than a straight line.

Multisignature or multi-sig means is a digital signature program that allows a group of people to sign a document, this adds additional security for the asset transactions.

Multipool Mining is the ability to mine from multiple pools for multiple altcoins.

N

Network, in the world of digital currency, are the decentralized systems that are correlated by an underlying blockchain-based asset.

Node is a computer that connects to the blockchain network. It follows consensus rules and also determines whether transactions are valid. It supports the network through validation and relaying transactions.

O

The Orchestrator is a unique feature in BitOrb that allows traders to create and execute strategy-based orders 24/7.

Order Book is a list of unfilled buy and sell limit orders.

Open Interest indicates the total number of contracts that are currently out there. These are contracts that are traded but not yet liquidated. It is often used as an indicator to determine market strength and the sentiments behind the price trend.

Overbought refers to a condition when an asset is believed to be trading significantly and consistently above it’s intrinsic or fair value over a period of time without much pullback.

Oversold refers to a condition when an asset believed to be trading significantly and consistently in a downward move in price over a specified period of time and has the potential for a price bounce.

P

Perpetual is something that is never-ending or changing. With cryptocurrency, a perpetual contract is a type of futures contract that doesn’t have an expiry date, which means one can hold a position for as long as they can.

Private Key is a cryptographic code made that allows users to access and manage their cryptocurrencies in their accounts. It is an important aspect of Bitcoin or any altcoins. Coupled with the public key, its security helps to protect users from any theft or unauthorized access for their funds. If a user loses their private key, they can no longer access their wallet.

Proof of Stake or PoS is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. The PoS algorithm allows a person to mine or validate block transactions based on how many coins they have acquired. The more coins they hold, the more mining power this person has.

Proof of Work or PoW requires proof of work of some kind that occurred in order to mine or validate block transactions. PoW is a system that is hard to compute but easy to verify functions limit exploitation with cryptocurrency mining.

Public Key is a cryptographic code that allows users to receive cryptocurrencies into their accounts. Both the public and private keys are significant tools to ensure the security of one’s digital assets.

Pump is a part of the ‘pump and dumps’ scheme where insiders usually purchase the digital assets at an extremely lower price thus resonating the illusion of popularity and attract traders to invest further and drive the price up.

Pump and Dump is a type of financial fraud where one or a team manipulates the market price by artificially inflating the price of the asset through spreading misinformation. This misinformation involves cheaply purchasing assets and then selling it at a higher price.

Q

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. 

R

Realised PnL is all the realised profit or loss of a closed order or position.

RSI, or also known as the Relative Strength Index is a momentum indicator. This indicator measures how great are recent price changes in the market. Using this data, it helps traders to understand whether the current market is overbought or oversold.

REKT also refers as ‘wrecked’ describes a severe financial loss caused by a bad trade or investment.

Resistance Level is a technical analysis tool that represents the highest price of the digital asset. At the resistance level, traders could anticipate the price value to either stall, break above, or reverse.

S

Satoshi Nakamoto is the name utilised by the supposedly anonymous person or a team who developed Bitcoin, wrote the Bitcoin whitepaper, and deployed the Bitcoin’s original implementation which also originates the primary blockchain data network.

SATs is an abbreviation for Satoshis, a term derived from the name of the Bitcoin founder, Satoshi Nakamoto. It reflects the smallest fraction of a Bitcoin that can be transacted, which is 0.00000001 of Bitcoin

Sell Wall is the result of large block of sell orders of a certain asset at a specific price

Shitcoin is a derogatory term used referring to an altcoin that has little to no value or the ability to sustain in the long run.

Short in cryptocurrency means that there is a fall with the price movement of the said asset and opening a short position during this period will result in traders making a profit.

Smart Contract is a self-executing contract with terms as an agreement between two people that is digitally signed and stored on a public database on a blockchain.

Soft Fork is a progressive change to a software protocol or an update that is backward compatible.

Stop Loss refers to the trading tool available to limit the maximum number of losses from trade by automatically liquidating assets once the market price reaches the specified value.

Support Level is a technical analysis tool that represents the lowest price of the digital asset. At the support level, traders could anticipate the price to either stall, break below, or reverse.

T

Take Profit refers to the profit traders gain upon a trade, position, or an order closing. It is largely used to set a target profit on unleveraged or leveraged positions.

Taker Fee is a type of fee that is paid when traders remove liquidity from the order book by placing any order that is executed against an order on the order book.

Technical Analysis is the study of the price behavior of a particular asset, accompanied by its volume too in order to predict the upcoming price movement. This analysis often helps traders make better trading decisions.

Testnet is a platform or software that is similar to the original. It is built to experiment with new ideas without breaking or interfering with the operations of the main platform and the digital currency used will be useless.

Token is a unit value of the cryptocurrency that represents an asset and exists on an existing blockchain.

Trailing Stop refers to the difference between the take profit value and stop loss value in order to protect the trader’s profits. If the stop loss value inclines, the trailing stop value inclines as well as long as the value difference remains the same.

Transaction Fee is a type of fee incurred to incentivize the parties involved in processing the transaction on the network.

U

Unrealised PnL is all the unrealised profit or loss coming from an active order or an open position.

Unwind is a term used to describe of closing out an open or an active position or order due to various reasons.

V

Volatility is the degree of variation at which the price of an asset increases or decreases over time.

Volume is the total number of anything that is accumulated over a period of time and it helps traders understand the general interest of a certain market and the depth of it.

W

Wallet is a freeware app that allows cryptocurrency users to store, send and receive digital assets.

Wedge is a technical analysis pattern that forms when the current trend line moves differently than the defined current trend.

Whale is a term used to describe an individual or an organization that acquires a large amount of a certain cryptocurrency.

Whitelist refers to a list of individuals, entities, computer programs, sites or cryptocurrency addresses that are identified as not harmful and/or valid to participate or access a particular event, promotion, or activity.

Whitepaper is an official document issued to explain the objective and technology of a project by the company owners.

X

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. 

Y

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. 

Z

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. 

#

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. 

Add Your Heading Text Here