10 terms people use every day for transactions.

Cryptocurrencies are not backed by governments or any other standard used with traditional currency.

Despite Bitcoin’s launch in 2009, it’s only recently that you can’t listen to the news or browse the web without coming across a mention of cryptocurrency.

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Unfortunately, I also hear from people who have been fooled by one crypto scam or another. Where there is money, criminals wait. Tap or click for five smart crypto scams doing the rounds right now and steps to stay safe.

Before you begin, be aware that this is not financial advice. The crypto world is volatile and you should never risk money that you are not comfortable losing. Now let’s look at some of the most common jargons: