Crypto & marketplace glossary

The terms you\'ll meet when trading on CryptoLarz, explained simply.

Bitcoin (BTC)

Bitcoin is the first and best-known cryptocurrency, a borderless digital money you hold and send peer-to-peer.

Blockchain

A blockchain is a shared, tamper-resistant ledger that records cryptocurrency transactions across many computers.

Cryptocurrency

Cryptocurrency is digital money secured by cryptography that runs on a decentralized network like a blockchain.

Digital goods

Digital goods are products delivered electronically: software, e-books, accounts, gift codes, media and more.

Escrow

Escrow is a neutral hold on a payment until both sides of a trade do their part, protecting buyers and sellers.

Fiat currency

Fiat is government-issued money like the US dollar or euro, as opposed to cryptocurrency.

Gift card / gift code

A gift card is prepaid value for a retailer or network. On CryptoLarz, gift codes add value to your balance.

P2P (peer-to-peer)

Peer-to-peer trading means buying and selling directly between people rather than through a central institution.

Phishing

Phishing is a scam where attackers impersonate a trusted site or person to steal your password or funds.

Private key

A private key is the secret that proves ownership of cryptocurrency. Anyone who has it controls the funds.

Two-factor authentication (2FA)

Two-factor authentication adds a second step to login beyond your password, making accounts much harder to hijack.

Wallet

A crypto wallet stores the keys that let you receive and send cryptocurrency. On CryptoLarz it also means your balance.