An exchange is a website or mobile application where individuals can buy and sell cryptocurrencies using fiat money, bitcoins or altcoins.
Exchange (Crypto)
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- 🔥 (Gen Z Slang)
- 简体中文 (Simplified Chinese)
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Related Terms
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Fiat money is a government or central bank-issued currency that is not backed by the value of a physical asset (like gold). Fiat money refers to currencies that have minimal or no intrinsic value...
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Money supply refers to the total amount of currency and liquid financial assets circulating within an economy at a given time.
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The Quantity Theory of Money is based on the idea that the overall price level of goods and services is determined by the amount of money in circulation.
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Altcoins are cryptocurrencies other than bitcoin. Many altcoins are forks (variations) of bitcoin. “Altcoin” is a combination of two words: “alt” and “coin”. The word “alt” is short for alternative and “coin” means currency. This wording comes from the idea that bitcoin is the original cryptocurrency and that all others are then considered “alternate” or […]
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“Halving” is an artificial, preprogrammed means to control the supply of a cryptocurrency by reducing the mining reward by half. It “pumps the brakes” on the issuance and circulation of new units...