Common Crypto Terms
Blockchain
A distributed ledger technology that records transaction information about a cryptocurrency in chronological order.
Bitcoin (BTC)
The first decentralized digital currency created in 2009.
Ethereum (ETH)
A blockchain-based decentralized platform enabling smart contracts and decentralized applications (DApps). The second-largest cryptocurrency by market cap.
Cryptocurrency
A digital asset secured by cryptography, operating independently of central authorities.
Wallet
Software for securely storing and managing cryptocurrency.
Mining
The process of creating new blocks and verifying transactions on a blockchain.
Smart Contract
Self-executing contracts with terms written into code.
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Trading Terminology
Order Types
- Market Order: Buys/sells immediately at current market price.
- Limit Order: Executes only at a specified price or better.
- Stop-Loss Order: Automatically sells an asset when it reaches a predetermined price to limit losses.
Key Concepts
- Liquidity: Ease of buying/selling without price impact.
- Spread: Difference between bid and ask prices.
- Leverage: Borrowed funds to amplify trading positions (common in margin trading).
Technical Analysis Terms
Support & Resistance
- Support: Price level where buying interest is historically strong.
- Resistance: Price level where selling pressure typically increases.
Indicators
- Moving Averages: Smooth price trends over time.
- RSI (Relative Strength Index): Measures overbought/oversold conditions (30–70 scale).
Trading Strategies
Day Trading
Opening and closing positions within the same day to capitalize on short-term volatility.
HODL
Long-term holding strategy regardless of market fluctuations.
Diversification
Spreading investments across multiple assets to mitigate risk.
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FAQ Section
Q: What’s the difference between a maker and taker?
A: Makers add liquidity by placing limit orders (lower fees), while takers remove liquidity by filling existing orders (higher fees).
Q: How do I secure my crypto wallet?
A: Use hardware wallets for large holdings, enable 2FA, and never share private keys.
Q: What is leverage in trading?
A: Leverage allows borrowing funds to increase position size, amplifying both gains and losses.
Risk Disclaimer
Cryptocurrency trading involves high risk. Only invest what you can afford to lose. This content is informational and does not constitute financial advice.
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