A savings product offered by exchanges where you deposit crypto and earn daily interest. Funds are not locked, so you can withdraw anytime.
Terms
Crypto Terms — explained simply.
Plain-English explanations for the most important crypto concepts. No hype, no jargon — just clarity.
Terms starting with “F”
Quick, friendly definitions you can actually use.
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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