Glossary
Short definitions of key terms about gift cards, P2P, and crypto.
LFG
“Let’s f***ing go” — slang used to express excitement or confidence.
GM
“Good morning” — a common crypto community greeting.
NGMI
“Not gonna make it” — used to mock bad decisions or weak conviction.
WAGMI
“We’re all gonna make it” — community optimism and hype.
REKT
Slang for “wrecked” — taking heavy losses.
FOMO
“Fear of missing out” — chasing a move because others are doing it.
Degen
Short for “degenerate” — someone taking high-risk trades, often for hype.
Ape (ape in)
To buy in aggressively with little due diligence.
Airdrop
A distribution of tokens to users, often for marketing or incentives.
Rug pull
A scam where insiders drain liquidity or abandon a project, causing the price to collapse.
Exchange rate
The price of one currency (or asset) expressed in another.
Premium
When an asset trades above a reference price (often due to local demand or risk).
Liquidity
How easy it is to buy or sell without moving the price too much.
Margin
The extra amount added to cover costs, risk, and profit.
Platform fee
A fee charged by the marketplace or service.
Network fee
A fee paid to a blockchain network to include a transaction.
Withdrawal fee
A fee charged by a platform to withdraw funds to an external wallet.
Currency conversion fee
A fee charged when converting one currency into another.
Escrow
A protected holding mechanism that releases funds only when conditions are met.
Dispute
A formal conflict resolution flow when buyer and seller disagree about a trade.
Counterparty
The other person you trade with.
Proof of payment
Evidence that you paid (receipt, screenshot, reference number, etc.).
P2P (peer-to-peer)
Direct trading between people, usually facilitated by a marketplace platform.
Phishing
A scam that tricks you into revealing credentials or signing malicious actions.
2FA (two-factor authentication)
An extra security step in addition to your password.
KYC
“Know Your Customer” — identity verification required by many financial services.
AML
“Anti-Money Laundering” — rules and controls to detect and prevent illicit funds.
Chargeback
A payment reversal initiated by a cardholder via their bank/card issuer.
Gift card code
The alphanumeric code you redeem to add value to an account or balance.
Gift card PIN
A secondary code used with the gift card code for redemption or verification.
Denomination
A fixed value amount, like $25, $50, or $100 on a gift card.
Spread
The difference between the buy price and the sell price.
Wallet
A tool to store and manage crypto addresses and sign transactions.
Custodial wallet
A wallet where a service holds the private keys for you.
Non-custodial wallet
A wallet where you control the keys/seed phrase.
Seed phrase
A list of words that can restore access to a self-custody wallet.
Blockchain
A public ledger that records transactions in blocks.
Block
A batch of transactions added to a blockchain.
Address
A destination identifier for sending crypto on a blockchain.
TXID (transaction ID)
A unique identifier you can use to track a blockchain transaction.
Mempool
The waiting area where unconfirmed transactions sit before being included in a block.
RBF (Replace-by-Fee)
A feature that lets you re-send a transaction with a higher fee to speed it up.
CPFP (Child Pays for Parent)
A technique to speed up a stuck transaction by spending its output with a high-fee “child” transaction.
SegWit
A Bitcoin upgrade that improves transaction efficiency and often reduces fees.
Lightning Network
A Bitcoin layer for near-instant, low-fee payments (off-chain).
On-chain
Activity recorded directly on a blockchain (visible in the ledger).
Off-chain
Activity that happens outside the blockchain ledger (often within a platform).
ATH (All-Time High)
The highest price an asset has ever reached in its history.
Stablecoin
A crypto asset designed to track a stable reference value (often USD).
Gas fee
A network fee paid to process a blockchain transaction (common on Ethereum-like networks).
Confirmations
Proof that a blockchain transaction has been included in blocks and is increasingly final.
Volatility
How much and how quickly price moves up and down over time.
DCA (dollar-cost averaging)
A strategy of buying a fixed amount regularly to average entry price over time.
Limit order
An order to buy/sell at a specific price or better.
Market order
An order that fills immediately at the best available price.
Slippage
The difference between the expected price and the executed price.
Impermanent loss
A temporary-looking loss in AMMs when token prices move relative to each other.
Leverage
Borrowing to increase position size relative to your collateral.
Liquidation
Forced closing of a leveraged position when collateral is insufficient.
Fiat
Government-issued currency like USD, EUR, or GBP.
On-ramp
A way to move from fiat to crypto (buying crypto).
Off-ramp
A way to move from crypto back to fiat (selling crypto).
Block explorer
A website/app that lets you look up blockchain transactions, blocks, and addresses.
Private key
A secret cryptographic key that controls funds in a wallet.
Public key
A key derived from the private key, used to verify signatures and generate addresses.
Cold wallet
A wallet whose keys are kept offline (higher security, less convenience).
Hot wallet
A wallet connected to the internet (convenient, higher exposure to attacks).
SIM swap
An attack where someone hijacks your phone number by taking over your SIM.
Dust attack
Sending tiny amounts to many addresses to deanonymize or track wallet behavior.
Whitelist
A list of allowed accounts, addresses, or actions.
Blacklist
A list of blocked accounts, addresses, or actions.
Peg
A target reference value (often $1) that a stablecoin aims to track.
Depeg
When a stablecoin trades away from its intended peg.
Recommended sections
Glossary FAQ
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A set of short definitions for key gift card, P2P, and crypto terms used across the site.
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