Terms

Crypto Terms — explained simply.

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

Read the blog About

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 “P”

Quick, friendly definitions you can actually use.

Passkey

Passwordless login using device-based cryptographic keys (WebAuthn).

→

Passphrase (25th word)

An optional extra word on top of your seed phrase that creates a hidden wallet.

→

Phishing

Tricks to steal your credentials or seed phrase via fake sites or emails.

→

Private Key

A secret code that proves you own your crypto.

→

Proof of Reserves (PoR)

An independent audit showing that an exchange holds enough assets to cover deposits.

→

Proof of Stake (PoS)

A system where validators lock coins to secure the blockchain and earn rewards.

→

Proof of Work (PoW)

A blockchain security method where miners solve puzzles.

→

Public Address

Like your bank account number — shareable for receiving crypto.

→

Public Key

The cryptographic key derived from your private key; used to verify signatures.

→

Pump and Dump

When a coin’s price is artificially pumped up, then dumped.

→

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.

Contains affiliate links — supports Lanzo at no extra cost.