{"id":91,"date":"2026-05-04T05:23:34","date_gmt":"2026-05-04T11:23:34","guid":{"rendered":"https:\/\/b4bit.com\/blog\/?p=91"},"modified":"2026-05-04T05:23:34","modified_gmt":"2026-05-04T11:23:34","slug":"your-pocket-crypto-glossary-10-words-you-need-to-know","status":"publish","type":"post","link":"https:\/\/b4bit.com\/blog\/en\/your-pocket-crypto-glossary-10-words-you-need-to-know\/","title":{"rendered":"Your Pocket Crypto Glossary: 10 Words You Need to Know"},"content":{"rendered":"<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Hey, I know the internet&#8217;s full of endless glossaries with 80 words that&#8217;ll blow your mind. But today I&#8217;m bringing you the pocket version: just 10, the ones you really use when starting out, explained like your buddy who&#8217;s already in the game would tell you.<\/p>\n<h2 id=\"the-10-words-you-actually-need-to-know\" class=\"font-editorial font-bold mb-2 mt-4 [.has-inline-images_&amp;]:clear-end text-lg first:mt-0 md:text-lg [hr+&amp;]:mt-4\">The 10 Words You Actually Need to Know<\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">They&#8217;re not in alphabetical order\u2014they go by how you&#8217;ll encounter them: basics first, then what you need for action. Let&#8217;s go!<\/p>\n<h3 class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>1. Cryptocurrency<\/strong><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">It&#8217;s digital money that doesn&#8217;t go through banks or government. It lives purely online and you send it straight to whoever you want, no permission needed. Easy, right? Next.<\/p>\n<h3 class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>2. Bitcoin (BTC)<\/strong><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">The first and the queen. Created in 2009 by some guy named Satoshi nobody knows. No company runs it, and people see it as digital gold for long-term value storage. No price bullshit. Pretty interesting.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-87\" src=\"https:\/\/b4bit.com\/blog\/wp-content\/uploads\/2026\/05\/michaelwuensch-bitcoin-2007769_640.jpg\" alt=\"b4bit_cryptocurrency_digital_money\" width=\"640\" height=\"449\" srcset=\"https:\/\/b4bit.com\/blog\/wp-content\/uploads\/2026\/05\/michaelwuensch-bitcoin-2007769_640.jpg 640w, https:\/\/b4bit.com\/blog\/wp-content\/uploads\/2026\/05\/michaelwuensch-bitcoin-2007769_640-300x210.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<h3 class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>3. Stablecoin (USDC \/ USDT)<\/strong><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">The real deal is useful for us living in Mexico. Always worth a buck, doesn&#8217;t dance like Bitcoin. To shield your pesos from inflation without gambling. At <a class=\"reset interactable cursor-pointer decoration-1 underline-offset-1 text-super hover:underline\" href=\"https:\/\/b4bit.com\/en\/pay\" target=\"_blank\" rel=\"nofollow noopener\"><span class=\"text-box-trim-both\">B4bit<\/span><\/a> we mainly use USDC, which is properly backed 1-to-1 with real dollars.<\/p>\n<h3 class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>4. Blockchain<\/strong><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Think of it like the neighborhood IOU notebook, but digital: everyone sees it, nobody erases or changes it. That&#8217;s where everything that happens with crypto gets recorded, totally transparent. It&#8217;s the shared ledger nobody can erase or modify.<\/p>\n<h3 class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>5. Wallet (digital wallet)<\/strong><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">A drawer for cryptos, but digital. Whether it&#8217;s an app on your phone, a hardware gadget, or an account on a platform. At B4bit we have it ready\u2014you just use it, no hassle setting it up. We handle that for you.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-88\" src=\"https:\/\/b4bit.com\/blog\/wp-content\/uploads\/2026\/05\/worldspectrum-cryptocurrency-3409655_640.jpg\" alt=\"b4bit_bitcoin_satoshi_origin\" width=\"640\" height=\"381\" srcset=\"https:\/\/b4bit.com\/blog\/wp-content\/uploads\/2026\/05\/worldspectrum-cryptocurrency-3409655_640.jpg 640w, https:\/\/b4bit.com\/blog\/wp-content\/uploads\/2026\/05\/worldspectrum-cryptocurrency-3409655_640-300x179.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<h3 class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>6. Private key<\/strong><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Your master key to crypto, like your bank PIN, but if you lose it, bye-bye. No bank to help you. Take care of it, dude. At B4bit we safeguard it with Fireblocks so you can chill. But others don&#8217;t do it that way&#8230;<\/p>\n<h3 class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>7. Exchange<\/strong><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">The digital shop to buy, sell, or swap crypto. Like a currency exchange but 24\/7. B4bit is a good one to start with, everything clear from the get-go.<\/p>\n<h3 class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>8. Fee<\/strong><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">The little bill you pay for every crypto move. There&#8217;s always one\u2014the cool thing is we tell you upfront, unlike others&#8230; At B4bit, the SPEI fee comes out at 1 USDC fixed + 0.35% spread, no surprises.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-89\" src=\"https:\/\/b4bit.com\/blog\/wp-content\/uploads\/2026\/05\/sebastianperezhdez-coin-5982783_640.jpg\" alt=\"b4bit_stablecoin_usdc_mexico\" width=\"640\" height=\"360\" srcset=\"https:\/\/b4bit.com\/blog\/wp-content\/uploads\/2026\/05\/sebastianperezhdez-coin-5982783_640.jpg 640w, https:\/\/b4bit.com\/blog\/wp-content\/uploads\/2026\/05\/sebastianperezhdez-coin-5982783_640-300x169.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<h3 class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>9. SPEI<\/strong><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">The bridge between your pesos and the crypto world. You transfer from your bank like always and get crypto in minutes. It&#8217;s Mexico&#8217;s interbank payment system (<a class=\"reset interactable cursor-pointer decoration-1 underline-offset-1 text-super hover:underline\" href=\"https:\/\/www.banxico.org.mx\/indexen.html\" target=\"_blank\" rel=\"nofollow noopener\"><span class=\"text-box-trim-both\">Banxico<\/span><\/a>), the one we use at B4bit to make it quick and hassle-free.<\/p>\n<h3 class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>10. KYC (Identity verification)<\/strong><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Why do they ask for your ID and stuff? To comply with Mexico&#8217;s Fintech Law and protect you from money laundering. It&#8217;s like opening a bank account\u2014legal and required by the <a class=\"reset interactable cursor-pointer decoration-1 underline-offset-1 text-super hover:underline\" href=\"https:\/\/www.gob.mx\/cnbv\" target=\"_blank\" rel=\"nofollow noopener\"><span class=\"text-box-trim-both\">CNBV<\/span><\/a>.<\/p>\n<h2 id=\"ready-to-start\" class=\"font-editorial font-bold mb-2 mt-4 [.has-inline-images_&amp;]:clear-end text-lg first:mt-0 md:text-lg [hr+&amp;]:mt-4\">Ready to Start?<\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">With this you already know the basics so you won&#8217;t get lost. <a class=\"reset interactable cursor-pointer decoration-1 underline-offset-1 text-super hover:underline\" href=\"https:\/\/b4bit.com\/ramp\" target=\"_blank\" rel=\"nofollow noopener\"><span class=\"text-box-trim-both\">Open your account<\/span><\/a> in 3 minutes and hit the gas. What are you waiting for, bro? At your own pace.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hey, I know the internet&#8217;s full of endless glossaries with 80 words that&#8217;ll blow your mind. But today I&#8217;m bringing you the\u2026<\/p>\n","protected":false},"author":4,"featured_media":85,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-91","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-educacion-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Your Pocket Crypto Glossary: 10 Words You Need to Know - B4BIT Blog<\/title>\n<meta name=\"description\" content=\"Your pocket crypto glossary: 10 key words explained simply\u2014Bitcoin, blockchain, wallet, stablecoin, KYC and more. 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