Basic cryptocurrency terms that every beginner trader should know 2


Bears are those who sell cryptocurrency and wait for the price to fall, or those who cause the price to fall through their actions, thereby creating a supply.

A bear market is a situation when most assets decrease in value.

Volatility is the fluctuation of the price of assets over a certain period of time.

Gas is a unit of calculation that represents the amount of commission for a certain action or transaction.

Two-factor authentication (2FA) is an additional level of security for your account based on two-factor authentication.

DYOR (Do Your Own Research) - do your own research.


Know Your Customer (KYC) is the process used by the exchange to verify the identity of the person using the platform.