Terms
Crypto Terms — explained simply.
Plain-English explanations for the most important crypto concepts. No hype, no jargon — just clarity.
Terms starting with “D”
Quick, friendly definitions you can actually use.
Investing the same amount regularly, no matter the price — to smooth out market ups and downs and reduce emotional trading.
Financial contracts like futures or options whose value comes from an underlying asset (e.g., Bitcoin). Used for speculation or hedging.
An investment product where you deposit one coin and earn yield based on two assets (e.g., BTC or USDT). Higher returns, but you may get paid in either asset depending on market price.
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.
- 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.
- 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.
- 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.
- Always test a small withdrawal first.
- Double-check addresses and memos/tags.
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