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Bitcoin Profit Review: Is it a Scam or Legit?

Bitcoin is one of the best performing asset classes of the past 10 years. One of the ways people are making money with cryptocurrencies is through trading. We review one of 2020s most popular trading technologies, Bitcoin Profit.

is bitcoin profit a scam

What is Bitcoin Profit?

Bitcoin Profit is a cryptocurrency trading software that uses market trends and signals to perform profitable trades by buying and selling cryptocurrency at the right time, with a win-rate estimated at 92%.

The Bitcoin Profit trading system uses a multiplex method to detect market trends. These ‘signals’ are used by experienced cryptocurrency traders to formulate trading strategies. The traders set the criteria of when to buy and sell cryptocurrencies and the system executes those trades when those conditions are met. The Bitcoin Profit trading system completes this whole process on autopilot, which is advantageous for beginners.

Bitcoin Profit operates 0.01 seconds faster than the market average for trading signals and claims to aid many of its users to make daily profits by trading Bitcoin and other cryptocurrencies.

Bitcoin Profit


Topics Covered on this Page:


Who founded Bitcoin Profit?

According to the Bitcoin Profit’s website, John Mayers is the creator behind the Bitcoin Profit trading technology program.


How Does Bitcoin Profit Work?

The Bitcoin Profit trading software is straight-forward. The application allows traders to receive trading signals for free and performs the purchase and selling of Bitcoin (this is also referred to as buying and selling of orders.) This process happens automatically with the selected broker of your choice inside the platform.  

The trading software is completely free to use. There are no hidden costs.

Bitcoin Profit


Yes, the Bitcoin Profit app is a legitimate trading technology program. It is an intuitive and effective trading system that makes it possible for ordinary people to earn money from cryptocurrency trading. Although it was developed to operate with Bitcoin, the trading technology program has progressed to work with other cryptocurrencies as well as forex.

With smart combinations, the Bitcoin Profit trading system can monitor the crypto market and to precisely spot profitable buy and sell signals. It buys at low prices and sells at high prices, ensuring users earn profits in the trading process. It has a success rate of over 92%, making it one of the best trading systems for cryptocurrency trading. 

Correct trading decisions are made when the trader has the ability to analyze and discern the many market events and trends, which enables the trader to hypothesize on the price movement of assets. Furthermore, there are a few crucial signals to watch out for in order to help identify possible profitable trades. When using Bitcoin Profit, you do not need to fuss about inspecting the markets because the entire process is systematized and handled by the trading technology program. All that is required of you is to enjoy your profits and continue to extract maximum earnings. 

Official Bitcoin Profit Registration

Register your Bitcoin Profit account through CoinInsider and receive a FREE Personal Account Manager to walk you through your account setup process.


Is it Beginner Friendly?

From the research done, we found out that the Bitcoin Profit is perfect for new entrants in the trading scene. As a trading application, it uses the trading signals generated from the algorithms to place trades. Considering that the analysis and trading is done for you, there is no need to have any form of formal experience or an intense understanding of the markets in order to make profits.

Based on this, it is evident that the Bitcoin Profit is a useful trading system for novice and well-seasoned traders.With the systematized functionality, you get to relax and enjoy your profits while Bitcoin Profit trades on your behalf. Additionally, it does not matter what the market conditions are or how volatile the market prices are.

 The Bitcoin Profit trading application is able to scan the markets and do a detailed market analysis, swiftly and correctly. As a result, users of the Bitcoin Profit are able to make money while trading cryptocurrencies.

Earning Potential

Since the introduction of the trading application to the markets, Bitcoin Profit has helped many individuals attain financial success. The primary users made millions within a few months while the recently introduced users are earning their share of the profits in the cryptocurrency sector. Many online testimonials confirm that people are making money from Bitcoin and crypto trading with the trading system.

In our review of the trading technology program, we did not encounter any difficulties with the Bitcoin Profit program. It is user-friendly and transparent. The way the algorithm of the trading application operates is fairly easy to understand, making it simple for one to test its features and capabilities.

The trading systems generates trading signals once trading opportunities are found in the market and then the application proceeds to execute trades on the platform of the Bitcoin Profit’s preferred brokers. With our primary tests, we can attest that Bitcoin Profit presents an excellent opportunity for everyone to earn money from the cryptocurrency market. Furthermore, opening a Bitcoin Profit account is free, and there are no hidden costs for services provided. The information on the Bitcoin Profit website is clear and honest, presenting you with all the information you need to get started. 

Our research showcases that the developers at Bitcoin Profit are continually committed to improving the trading system regularly, to enable traders to make even more money from the market. The Bitcoin Profit is sustained using spreads (This is the difference between the buy and sell price of an asset). Therefore, allows a trader to hold on to 100% of the profit they make and to withdraw these funds with ease.

Opening a Bitcoin Profit Account

To experience how the features on the trading system work, we decided to create an account with Bitcoin Profit. This process lasted for a few minutes; our account was then activated right away. Here are the following steps to open an account:

Registration

To begin, you must create a Bitcoin Profit account. Simply go to the official Bitcoin Profit website and complete the signup form on the homepage. You will then be prompted to insert some basic personal information such as: 

  • Full name
  • Country of residence
  • Email address
  • Phone number. 

You are then to proceed to create a strong password for the account, consisting of letters, numbers, and symbols. We recommend you do this too as it makes it harder for hackers to gain access to your account. Click the ‘REGISTER NOW’ button, and your account will be activated instantly. You will then receive an email with the account confirmation link. Once you read the email, click on the confirmation link and you will be redirected to the website to login. You are now ready for the second phase. 

register for bitcoin profit

Deposit


bitcoin profit 2020 review
Next, you are to fund your Bitcoin Profit trading account. You will have access to the various payment options available. Some of the choices we saw included Visa, MerchantPay, MasterCard, GiroPay, Maestro, and many more. You then select a payment method and provide your card details. We started with a minimum of €250 to see the results we would obtain. Please note: Starting with the minimum amount is highly recommended for beginners to get a gist of the application and refrain from major losses due to the lack of making accurate trading decisions.

Demo Trading


Demo account for bitcoin profit trading
Bitcoin Profit developers made demo accounts available to users. We believe this a great initiative for many reasons. First reason being the demo account allows traders to learn and understand how the system works before they start trading with real money. Secondly, it will enable you to test your different trading strategies to assess the one that works perfectly for you. A strategy that does not work can be replaced or tweaked. You can choose your best trading strategy before you start live trading with real money. We then went ahead to experiment the demo account and we were pleased with the results. Its speed and full range features are amazing and are available to users. We advise all users to try out the demo account before switching to the live trading mode.

Live Trading


Live trading on bitcoin profit
Lastly, the live trading account. You can shift to the live trading session after you understand the demo account and how the system works. Upon entering the live trading platform, activate trading technology program. You are then allowed to set up your trading parameters to include information like amount to stake per trade, take profit and stop loss limits, risk levels, and many more. You can see all this data on the dashboard under the auto trade tab. 

During our experience, we went further to select our preferred trading pairs. We saw several popular trading pairs like BTC/USD, XRP/USD, LTC/USD, ETH/USD, and a wide range of others. These processes were easy to navigate due to the insightful layout of the trading system. All the required information was available on the screen. The platform has a help button that users can utilize to get in touch with the customer support team anytime they counter an or have a question or concern. 

Bitcoin Profit


Important Features on Bitcoin Profit:

Payouts

The payout system on Bitcoin Profit is easy to understand because the system is clear and concise. There are no hidden charges or fees on the platform. After a live trading session, the capital and any profit earned are credited to the traders account balance. These funds can be withdrawn when needed. We observed that the system is technologically flawless; we read testimonials from traders who cash out as much as €1,500 daily through the payout system without any limitations or technical mishaps.

Verification System

We also tried the verification system while creating our test account to perform live trades. We think it is a great feature; it is vital to verify details such as the user’s email, and phone number, so the correspondence or payments are not sent to the wrong account holder. While creating our Bitcoin Profit account, the verification system worked seamlessly.

Withdrawal and Deposits

Despite the many other platforms we have tested, withdrawals on Bitcoin Profit is fast, we initiated a withdrawal, and the application was processed in less than 24-hours. This is convenience at its epitome for all users.

Charges

The Bitcoin Profit trading system is crystal clear, a commission is charged on the profit you make. A small fee is charged on the profit earned. It is free to open a Bitcoin Profit account and make withdrawals.

Feedback system

This segment features testimonials from satisfied users who are earning daily with Bitcoin Profit. We will be leaving positive feedback as well because we had a great experience with the trading technology program.

Customer Support

The Development Team managing Bitcoin Profit has created a 24/7 customer support platform. This is a brilliant feature; Bitcoin Profit is used by investors from all over the globe who may be in need to contact the customer support help-desk at any time. We contacted them and got a reply in less than two minutes, now that is what we call impressive customer services.

Brokers

Bitcoin Profit is in association with professional well learned brokers whose responsibility is to monitor the trading system to ensure the trading application is making profits for users daily. This is referred to as a double assurance.


Bitcoin Profit vs Other Crypto Trading Technology Applications:

Bitcoin Profit:

  • Bitcoin Profit has a high success score of more than 92%; this means each user can earn a profit daily.
  • Fast withdrawals, this is convenient for all users, the withdrawal request process occurs in less than 24-hours.
  • Simple account creation process, no need for elaborate details.
  • Demo trade feature.
  • Multiple payment options on Bitcoin Profit- Excellent customer support.

Other trading technology systems:

  • It is difficult to calculate the success score on many sites because the system is not transparent.
  • Tedious withdrawal process, sometimes this takes up to a week.
  • Inadequate customer support.
  • Lack of transparency, it is difficult to identify the charges and what the fees are for on many other trading technology programs.
  • Low success score, we know this from reviews posted by people who tried these platforms.

How to Earn More with Bitcoin Profit

While testing the Bitcoin Profit systematized cryptocurrency trader, we observed some ways that users can earn more with the system. We have the following tips for users:

  • Start with the lowest deposit: To get started, it is best to invest the minimum deposit permitted on Bitcoin Profit, which is €250.
  • Withdraw your earnings: It is also a good idea to withdraw your profit, so the system does not trade with everything in your account balance, withdraw, and start saving. Reinvest a portion of your profits.
  • Follow market trends: You can read more content about cryptocurrency to follow the market trends. This information helps when setting your stop –loss range because you know when there may be more earning opportunities in the market.
  • Invest carefully: It is best if you invest only funds that you can afford to lose. Do not borrow funds to invest in the market.

Bitcoin Profit


Advantages of Using Bitcoin Profit

After testing all the features of Bitcoin Profit, one can confidently confirm that it works; the system is not a scam. Here are our top benefits of using Bitcoin Profit:

  • Bitcoin Profit is easy to use. Everyone can use this trading system without any problems. All that is required is creating an account and making a deposit. The layout of the platform makes it easy for everyone to navigate and all the features work seamlessly.
  • High success score. One can earn a profit after their first live trading experience. Everyone can earn too. The success score is more than 92%.
  • Demo trials. The demo trials can be used by everyone to test the system before investing real money. The demo features are a duplicate of the real program used to perform live trades. It shows how the trading system perform trades and how the market signals are monitored. The demo feature can also be used with virtual funds to ascertain the high success score on the trading technology program.
  • 24/7 Customer support. This is very important; the customer support team are always ready to help. The winners in every cryptocurrency market are those traders who can perform quick trades to take advantage of the market. With support from the helpdesk, users can quickly resolve issues to keep their Bitcoin Profit accounts active. There is no chance to miss opportunities.

Is there a mobile app for Bitcoin Profit?

Currently, there is no mobile app for Bitcoin Profit trading system. We confirmed that the platform could be accessed through browser on the following devices: 

  • Mobile phones
  • Laptops
  • Desktop computers

Has Bitcoin Profit been featured on TV?

There have been numerous reports that the Bitcoin Profit has appeared on TV shows such as Dragon’s Den, This Morning and Shark Tank. There is no concrete evidence of these claims and for now, we’ve ruled them out to be rumours. 

We investigated all the claims about which TV shows Bitcoin Profit was featured on, here are the results:

Bitcoin Profit featured on Dragons Den?

dragons den bitcoin profit

Dragons Den is a famous British TV show where potential business people are given three minutes to pitch their business idea/plan to a panel of successful business people in the hope of getting them to invest. Dragon’s Den has a huge following and any product featured or associated with this show would gain overnight success. We cannot confirm that there is any link between Bitcoin Profit and Dragon’s Den at this stage.

 

Was Bitcoin Profit been featured on Shark Tank?

shark tank bitcoin profit

Shark Tank is an american investment show, similar to Dragon’s Den. Aspiring Entrepreneurs are given a few minutes to pitch their idea to a panel of millionaires looking to invest in the “next big thing”. We cannot confirm that there are any links between Shark Tank and Bitcoin Profit, however we do know that if the rumours were true, Bitcoin Profit would be all over the news. It is also important to note that Bitcoin Profit is not licensed in the states.

 

Has Bitcoin Profit been featured on This Morning?

This Morning bitcoin profit

This morning is a British daytime television programme on ITV that has been active since 1988. The show is a mix of celebrity interviews, show business news, topical discussion, competitions, health etc. If Bitcoin Profit were to be featured on this show, millions of British people would be reached, and social media and news would be flooded with news, questions and hashtags about Bitcoin Profit on This Morning.

 


Has Bitcoin Profit been endorsed by celebrities?

There have been claims that Bitcoin Profit has been endorsed by international celebrities. We decided to investigate each case where a celebrity has been link to Bitcoin Profit or any other crypto trading application.

Does Gordon Ramsay Support Bitcoin Profit?

Gordon Ramsay is one of the most famous chefs in the world. The Multi-Michelin starred British chef, restaurateur, writer and television personality has a huge brand so his endorsement would give any product credibility. We scoured the net and YouTube to find out if he has endorsed Bitcoin Profit unfortunately we did not find anything. So the rumours are false.

Does Peter Jones Endorse Bitcoin Profit?

Peter Jones is a British businessman and reality TV star on the popular investment show Dragons Den and American TV show American Inventor. He has an estimated net worth close to $500 million, therefore if someone of his financial standing endorses an investment product, many people would also invest in it. We looked for incidence that Peter Jones has endorsed Bitcoin Profit, however we did not find anything.

Does Elon Musk Endorse Bitcoin Profit?

Elon Musk is the eccentric billionaire with three nationalities, South African, Canadian and American. He is the man behind Tesla and SpaceX. Tweets from Elon Musk affect the stock market, if he were to endorse Bitcoin Profit it would be all over the news and the Bitcoin Profit website would crash. We searched the internet for any valid evidence that Elon Musk endorsed Bitcoin Profit, again we were unable to verify those claims.

Does Trevor Noah Recommend Bitcoin Profit?

Trevor Noah is a South African comedian, political commentator, actor and the host of the popular American talk show, The Daily Show. There have been rumours that Trevor Noah uses Bitcoin Profit due to ads circulating around the internet about Trevor getting rich because of Bitcoin. It is public knowledge that Trevor Noahs source of wealth is his contract with The daily show and his comedy tours. Whether Trevor Noah invests in bitcoin or not is not public knowledge. It cannot be confirmed that he uses Bitcoin Profit.

Does Kate Winslet use Bitcoin Profit?

Kate Winslet is a famous British actress known for her work on Titanic and period dramas. There has been a rise of searches from people wondering if Kate Winslet supports any advanced cryptocurrency trading platform. We have investigated and found no evidence of Kate Winslet endorsing any trading platform.

Holly Willoughby  and Bitcoin Profit?

Holly Marie Willoughby is a British author, model and TV presenter on This Morning and Dancing on Ice. Like the other celebrities on this list there have been claims that she supports advanced crypto trading application but there is no evidence to support this.

Does Patrice Motsepe Use Bitcoin Profit?

Patrice Motsepe is one of the richest South Africans, with a net worth of over $1,6 billion. He made his wealth from his mining interests. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He has made his money from traditional business, we found no evidence of his involvement in Bitcoin or Bitcoin Profit.

Does Aliko Dangote Use Bitcoin Profit?

Aliko Dangote is a Nigerian billionaire and the richest man in Africa, valued at over $8.5 billion. He is the founder and chairman of industrial conglomerate Dangote Group. Being the richest man in Africa makes him famous, this makes people want to associate products with him especially if the products have something to do with making money. If the richest man in Africa invests in bitcoin then other Africans would want to invest in bitcoin as well in the hopes of accumulating a fraction of his net worth. Unfortunately there is no evidence out there to suggest Aliko Dangote uses Bitcoin Profit or whether or not he invests in bitcoin.

Even though none of the celebrity endorsement have checked out, it’s important to note that none of the claims were actually made by the creators of Bitcoin Profit. It is affiliate marketers who use the celebrity names as click bait. The Bitcoin Profit system delivers on the what it says it can do.

Bitcoin Profit


What celebrities actually say about bitcoin

Bitcoin is the best performing asset class in the last decade, with those kinds of results it has attracted the attention of millionaires in the form of celebrities and business people. It is literally changing how we view and use money. Here is what famous have to say about bitcoin and cryptocurrencies:

1. “There are 3 eras of currency: Commodity based, politically based, and now, math based.” – Chris Dixon (Co-founder of Hunch now owned by Ebay, Co-founder of SiteAdvisor now owned by McAfee)

2. “Entire classes of bugs are missing.” – Dan Kaminsky (Security Penetration Expert for Cisco and Avaya)

3. “It’s money 2.0, a huge huge deal.” – Chamath Palihapitiya (Previous head of AOL instant messenger)

4. “You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust.” – John McAfee

5. “Bitcoin is here to stay. There would be a hacker uproar to anyone who attempted to take credit for the patent of cryptocurrency. And I wouldn’t want to be on the receiving end of hacker fury.” – Adam Draper

6. “If there is one positive take away from the collapse of Mt.Gox, it is the willingness of a new generation of Bitcoin companies to work together to ensure the future of Bitcoin and the security of customer funds.” – Brian Armstrong (CEO of Coinbase)

7. “Bitcoin seems to be a very promising idea. I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker. It is a very modern notion that exploits the power of the long tail.” – Hal Finney

8. “Bitcoin enables certain uses that are very unique. I think it offers possibilities that no other currency allows. For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself.” – Pieter Wuille

9. “Hey, obviously this is a very interesting time to be in Bitcoin right now, but if you guys want to argue over whether this is reality or not, one Bitcoin will feed over 40 homeless people in Pensacola right now. If you guys want proof Bitcoin is real, send them to me, I’ll cash them out and feed homeless people.” – Jason King

10. “Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.” – Marc Kenigsberg

11. “Bitcoin was created to serve a highly political intent, a free and uncensored network where all can participate with equal access.” – Amir Taaki

12. “As the value goes up, heads start to swivel and skeptics begin to soften. Starting a new currency is easy, anyone can do it. The trick is getting people to accept it, because it is their use that gives the “money” value.” – Adam B. Levine

13. “At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.” – Peter Diamandis

14. “Bitcoin, and the ideas behind it, will be a disrupter to the traditional notions of currency. In the end, currency will be better for it.” – Edmund C. Moy

15. “There is so much potential, … I am just waiting for it to be a billion dollar industry.” “Wow, Silk Road actually works” – Charlie Shrem

Bitcoin Profit


FAQs

  • Does the Bitcoin Profit really have a high win ratio?

Yes, we can confirm this from a personal experience using the trading technology program. Our calculations revealed a high win ration above 92% for all trades.

  • Have any celebrities endorsed the Bitcoin Profit?

We checked the claims and can state that at this time, there is no public endorsement of the Bitcoin Profit by any celebrities.

  • Can I withdraw Bitcoins from My Bitcoin Profit account to a crypto wallet?

No, this will not be possible. While the system trades Bitcoins, deposits and payout are done with real money in your local currency. This means you can earn money passively without having any solid experience as a Bitcoin trader.

  • Is Bitcoin Profit affiliated with any other systematized cryptocurrency trading platform?

Bitcoin Profit is an independent platform, and there are no affiliations with other trading platforms. The names might be similar, reason being is that many trading platforms focus on Bitcoin, which is the most valuable and common cryptocurrency in the market. Always ensure you are on the authentic website for the Bitcoin Profit before starting your registration. 

  • What is Bitcoin?

Bitcoin is a digital currency traded and managed through a decentralized system called the Blockchain which reduces potential online risks. The Bitcoin was invented by Satoshi Nakamoto in 2009. It is remotely mined by thousands of miners all over the world to ensure transactions done using Bitcoin are quick and trustworthy.

  • Are there any particular requirements before the Bitcoin Profit can be used?

The platform is open to the public. Users do not need to have any formal training or certification in cryptocurrency trading prior to them trading on the platform and earning profits. We tested the trading technology program feature on the Bitcoin profit; it is flawless and reliable. Everyone can use it, after making a deposit, the system handles the entire trading activities, makes a profit, and the user’s account is credited thereafter.


Bitcoin Profit Review: Our Conclusion

The earning potential in the cryptocurrency market is now evident. However, many people are not sure how to start earning; hence the trading technology program such as the Bitcoin Profit has been developed. There are still doubts and concerns about the software and its benefits, therefore the need for this review. Trading in Bitcoins is an easy way to expand passive income consistently, and after the thorough review and tests, we can attest that Bitcoin Profit is one of the best ways to trade Bitcoins and earn an impressive profit range with little or no effort.

Despite some people experiencing losses and bad trades using trading systems, from our discovery, this may only occur when the traders cannot fully comprehend the concept of how trading applications work. It is therefore paramount that users only register on platforms such as Bitcoin Profit where they can have access to demo trading platforms, tutorials and a tested trading technology program that guarantees to help them earn much more profit.

We recommend Bitcoin Profit to everyone based on our personal experience and earnings during the tests we carried out. The system offers all users, irrespective of experience, a chance to earn profits trading Bitcoins with very little effort. The system handles the entire process after a deposit has been made.

Give it a trial, start your experience trading Bitcoins, we are confident, your testimonial will be up on the homepage within a few days.

Bitcoin Profit


Glossary of Terms

TermDefinition
FiatFiat is traditionally referred to as paper money, that has no intrinsic value, but whose value is essentially established by the creator, in most cases this would be the government.
BitcoinBitcoin is reported to be the world’s most popular cryptocurrency. Bitcoin runs on a Bitcoin Blockchain and is a decentralized currency that operates independently from central banks and authority
EthereumEthereum, like Bitcoin, is a cryptocurrency that is decentralized. Here, investors can transfer and exchange value.
LitecoinLitecoin is also a cryptocurrency and a blockchain mirroring Bitcoin.
ExchangeThe crypto exchange is basically an online platform where crypto investors get to exchange different cryptocurrencies for other cryptocurrencies.
Bitcoin miningBitcoin mining occurs when Bitcoin transactions are verified and confirmed before being added to the Bitcoin Blockchain.
Crypto walletA crypto wallet is a software program that stores the private and public keys of investors. It also allows users to transfer, receive, spend, store and check their balances.
Circulating supplyThis refers to the amount of a given cryptocurrency or tokens that are publicly available and circulating on the market between buyers and sellers.
Market capMarket cap refers to the market value of all of the cryptocurrencies available in the market per day.
AltcoinsBitcoin was the first and most successful of all cryptocurrencies. All other coins are grouped together under the category of altcoins.
Block ExplorerAn online tool for exploring and analysing the blockchain of a cryptocurrency.
Block HeightBlock height refers to the number of blocks connected in the blockchain.
Block RewardAn incentive given to a bitcoin miner who has successfully calculated the hash (verification) in a block.
Chain LinkingTransferring one cryptocurrency to another. This requires the transaction to be lodged in two separate blockchains.
Consortium BlockchainA privately owned and operated blockchain.
CryptographyThe process of encrypting and decrypting information.
Decentralized Autonomous OrganizationRefers to organisations that are run by computer programs or software rather than a human input. There is no central authority in this regard.
TokenTokens are strongly associated with ICO’s and are often built on pre-existing standard from established ‘smart contract’ blockchains like Ethereum.
ICOThis stands for Initial Coin Offering and refers to a disruptive new method for projects to gain funding.
ForkIn cryptocurrency terms, a fork is an event where an existing cryptocurrency splits into two variations of the code.
WalletA cryptocurrency wallet is the primary way owners of cryptocurrencies are able to access their coins.
Hot and cold storageThis refers to where a particular wallet is hosted. Hot storage refers to a wallet that is accessible from an internet connection, where cold storage refers to hosting your wallet offline on a separate piece of hardware.
EscrowAn escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction.
Smart contractThe Ethereum blockchain allows for code to be deployed onto it in the form of a smart contract. This contract is essentially a set of mathematical rules that dictate how the transactions function
Proof-of-work (PoW)For transactions to be confirmed and added to the Blockchain ledger, there are various approaches that have been developed to complete this process.
Proof-of-stake (PoS)In PoS-based cryptocurrencies, the creator of the next block is chosen via various combinations of random selection and wealth or age.
Proof of Importance (POI)This is a style of proof pioneered by the coin NEM as a third alternative to PoW and PoS.
TAShorthand for a technical analysis, or the analysis of coin values based on historical price movements and sophisticated indicators.
Nodea computer that is connected to the network of a particular cryptocurrency.
MiningMining is the process of validating new transactions on a cryptocurrencies distributed ledger.
MoonshotThis refers to a cryptocurrency shooting upwards dramatically.
Bear and Bull marketsA bull market is refers to rising prices and optimistic sentiment that encourages buying. Bear markets are considered the opposite of bull markets, with downward price trends and a pessimistic sentiment that encourages selling
WhaleRefers to someone who holds an large amounts of cryptocurrency
HODLRefers to the passive investment strategy of ignoring market turbulence and waiting for long term returns.
Hard ForkRefers to a type of fork that creates a permanent change to a digital currency’s standard protocol
Long/Long PositionRefers to making a wager that a certain asset will eventually rise in value.
Private KeyA piece of information that is presented as a string of letters and numbers a investor can use to access their digital currency
Public KeyAn address where a investor can receive his/her digital currency using a combination of letters and numbers.
RektOccurs when an investor loses large sums of money on the cryptocurrency market
Short/ShortingOccurs when an investor takes a short position- making a bet that a asset or currency will fall in value
Mining IncentiveA reward miners get for confirming transactions and mining them in to blocks
NoobRefers to new investors on the cryptocurrency market.
DAppRefers to a decentralized application.

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Disclaimer: The content on this page should not be taken as financial advice. It is for informational purposes only. Never invest what you can’t afford to lose. Always consult a financial advisor or do as much research as possible before making any financial decisions.