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Glossary

What is Gas?

The short answer

The fee paid to have a transaction processed on a network like Ethereum.

Gas pays the network for the computing work needed to process your transaction. It rises when the network is busy and falls when it’s quiet. Check our gas estimator before sending anything.

Related terms

Full glossary

Seed Phrase

A set of 12 or 24 words that is the master key to a crypto wallet — anyone…

Exchange

A platform where you can buy, sell, and trade cryptocurrencies, usually for traditional currency.

Volatility

How much and how quickly a price moves, in either direction.

Token

A cryptocurrency built on top of another blockchain, rather than having its own independent network.

Market Cap

A coin's price multiplied by how many coins exist — a rough measure of overall size.

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