Cryptocurrency Terms and Definitions

Bitcoin is the world's first decentralized digital currency, running on blockchain technology without a single issuer or intermediaries. It is the foundational asset of the entire cryptocurrency market.

A Bitcoin Investment Trust is a company that invests funds in Bitcoin and takes on its purchase and storage, sparing the investor the technical complexities.

BitPay is a payment service that allows merchants to accept payments in Bitcoin and other cryptocurrencies, acting as an intermediary between buyer and seller.

BitStamp is one of the oldest and largest cryptocurrency exchanges, known for high trading volumes and its work with fiat currencies. The platform focuses on reliability and regulatory compliance.

A cryptocurrency exchange is an online platform where users buy, sell and exchange digital assets at market prices. It brings buyers and sellers together and handles the settlement of trades.