What Actually Happens When You Send Crypto?
In plain English Understanding the sequence makes confirmations, fees and delays far less mysterious.
The In Plain English library: jargon-free explainers of the concepts and headlines that confuse newcomers. Start with a quick answer, then go deeper if you want to.
In plain English Understanding the sequence makes confirmations, fees and delays far less mysterious.
In plain English What that ownership entitles you to varies enormously, and is often much less than buyers assume.
In plain English It lets people get exposure through an ordinary investment account, without wallets, keys or crypto exchanges.
In plain English Bridges hold large amounts of assets in one place, which has made them a repeated target for very large thefts.
In plain English Hardware is meaningfully safer for larger amounts, because the keys never touch an internet-connected machine.
In plain English It is a spectrum, not a yes or no, and a great deal of crypto marketed as decentralised is not especially so.
In plain English Expect the value of anything you hold to move sharply in both directions, sometimes within a single day. That is normal behaviour for this asset class, not a sign something has gone wrong.
In plain English The same transaction can cost pennies at a quiet moment and a great deal more at a busy one. Checking before you send can save real money.
In plain English Real ones exist, but the format is heavily abused: fake airdrops are among the most common ways beginners lose everything in a wallet.
In plain English A large market cap does not mean that much money could actually be taken out, and it does not mean a coin is safe or established.