Terms

Crypto Terms — explained simply.

Plain-English explanations for the most important crypto concepts. No hype, no jargon — just clarity.

All A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Terms starting with “B”

Quick, friendly definitions you can actually use.

Bitcoin (BTC)

The first and most well-known cryptocurrency, launched in 2009. Often called digital gold because of its limited supply and store-of-value role.

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Blockchain

Imagine a shared notebook everyone can see and add to — but no one can erase. Every entry stays forever. That’s why it’s transparent and hard to fake.

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Bridge

A tool to move assets from one blockchain to another (e.g., Ethereum → Arbitrum). Always verify the official bridge.

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Lanzo’s Crypto 4-Step Starter Pack

A beginner-friendly crypto starter pack: buy a little, self-custody, protect your backup, and learn the basics.

Step 1

Buy a small amount of crypto

Open an account and buy a tiny amount (50 €) to learn the flow.

Bybit (Global)Bybit EU

Guide: Create Bybit account

Stick to major coins (BTC/ETH/XRP) at first.
Enable 2FA on your account.

Step 2

Move to a wallet

Own your keys from day one. Use a Ledger for self-custody.

Get Ledger

Guide: Set up Ledger

Write the 24-word recovery phrase on paper during setup.
Never store the phrase in the cloud or as a photo.

Step 3

Protect your recovery phrase & device

Upgrade from paper to a fire/water-resistant metal backup and store the device safely.

Metal seed backup

Guide: Protect your phrase

Keep the metal backup separately from the device.
Consider a simple fireproof envelope or safe.

Step 4

Learn & practice safely

Read Lanzo’s guides and Crypto Terms to avoid common mistakes. Practice with tiny amounts.

Crypto Terms Read the blog

Guide: First transfer

Always test a small withdrawal first.
Double-check addresses and memos/tags.

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