Cryptocurrency Terms and Definitions
What is margin trading in cryptocurrencies?
Margin trading is trading on an exchange using borrowed funds that increase the size of a position through leverage. The method can amplify both a trader's profit and losses.
Who is a merchant in payments and cryptocurrencies?
A merchant is a trade or service business that accepts payment cards and, in many cases, cryptocurrencies. The term comes from the English word merchant.
What is a merchant account or trade account?
A merchant account is a special trade account for a business used to accept non-cash payments by cards and over the internet. It links the seller to the payment infrastructure and the acquiring bank.
What is a microtransaction in cryptocurrencies?
A microtransaction is a payment of a very small amount, often less than the minimum monetary unit. Such operations are unprofitable for traditional payment systems because of fees, while cryptocurrencies make them feasible.
What is a millibitcoin (mBTC) and how much is it in bitcoins?
A millibitcoin (mBTC) is one thousandth of a bitcoin, that is, 0.001 BTC. This fractional unit is used to conveniently display small amounts in this cryptocurrency.
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