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Reference

Reference

Plain-English definitions for the terms you'll encounter on your financial journey.

D
Digital Wallet🏦 Banking

A software application that stores payment information and allows users to make electronic transactions using a mobile device.

E
E-Wallet🏦 Banking

A digital application that securely stores your payment information and allows you to make electronic transactions using your smartphone or computer.

H
Hot Wallet₿ Crypto & Digital Assets

A cryptocurrency wallet that is connected to the internet, providing convenience for frequent trading but with higher exposure to security risks.

P
Public Key₿ Crypto & Digital Assets

An alphanumeric code that identifies a specific wallet address, allowing others to send cryptocurrency to that user safely.

S
Seed Phrase₿ Crypto & Digital Assets

A series of random words that acts as a master password to recover access to a cryptocurrency wallet if the original access is lost.

W
Wallet₿ Crypto & Digital Assets

A digital tool that allows users to store, manage, and interact with their cryptocurrency assets and blockchain addresses.