Cryptocurrency Terms and Definitions

An output is the part of a Bitcoin transaction that sets the recipient's address and the transfer amount. A single transaction can have several outputs at once: for different recipients and to return change to the sender.

An OTC exchange is a venue where participants make deals directly with one another, without placing orders in the shared order book of a centralized exchange. The format is in demand for large volumes.

A block reward is the payment a miner receives for a successfully created block of transactions added to the blockchain. It consists of new coins and transaction fees.

Volatility is a measure of how much an asset's price varies over a given period. The stronger and more frequent the price swings, the higher the volatility and the associated risk for market participants.

A withdrawal is the operation of transferring money or cryptocurrency from a platform or service to an external wallet, bank card, or user account, based on a request the user submits specifying the details and amount.