Crypto Terms: Letter F

What is Fiat?

Meaning:

Fiat - a currency that is not supported by a tangible product, but rather by the government that created it, such as the Federal Reserve.

hard

4 minutes

Let's find out Fiat meaning, definition in crypto, what is Fiat, and all other detailed facts.

The term "fiat" is frequently used in the world of crypto. The most modern paper currencies are fiat currencies, including the euro, the U.S. dollar, and so on.

The term "fiat" refers to an authoritative or absolute order. In this respect, the government issues an order stating that the use of USD, GBP, INR, EUR, or any other international currency is legal and acceptable for the payment of both public and private obligations.

Fiat Money Supply Assortment

There are four main assortments of money supply categorized from the most to least liquid:

M1 - Physical coins and notes moving in the country's economy, as well as money available for use through other means, such as debit cards and bank accounts.
M2 - This contains everything in M1, but also savings accounts and linked funds, which may be turned into cash rather fast.
M3 - This contains everything from M1 and M2, but also large investments and less liquid professional money market funds.
M4 - contains all cash along with all bank accounts.

In economics, several types of fiat money supply are implied as “M’s”.

Fiat Currency or Cryptocurrency?

Firstly, cryptocurrency is decentralized, as opposed to fiat currency.

This indicates that no central banking system or country has authorized, or has a voice in the currency's circulation or usage. Moreover, cryptocurrency is completely digital so it does not have actual banknotes or coins.

Also, except for the situation in El Salvador, cryptocurrency is not legal money and cannot be used as a form of payment in several areas.

A central authority, on the other hand, manages and supports fiat money. As a result, it is regarded legal currency for all business and personal transactions. Nevertheless, digital fiat currency has become the most used way to do business in a lot of places around the world.

Even so, there are several governments that are now debating on launching a completely digital currency that could potentially be blockchain-based. These are referred to as CBDCs, or as central bank digital currencies. There is no secret that Bitcoin was among the cryptocurrencies that inspired these particular currencies.

However, CBDCs would differ from cryptocurrencies in that they are centralized and their value is determined by the government's financial regulation.

Some people appear to be debating whether cryptocurrency is superior to fiat cash. Meanwhile, cryptocurrency is already being used in place of fiat cash in all of its applications. Starting with the fact that cryptocurrency can be used as a value store, means of trade, and unit of account.

Furthermore, crypto and decentralized finance eliminate the need for costly and inefficient intermediaries like banks. Also, unlike it is with fiat currencies, the value of a cryptocurrency is not established by the government. It replaces archaic record-keeping, with an invariable and trustless ledger accessible to all users.

However, a lot of cryptocurrencies have their drawbacks surrounding transaction speed and high energy usage. Though modern technology is quickly evolving to solve these issues and develop a system of finance that is fully superior to fiat.

The Fiat Money System

To conclude, fiat money is created and circulated by governments' balance, treasury, and central bank systems. Fiat money is not supported by gold or silver, but rather by the governments that issue and distribute it.

This can be risky since governments have a habit of creating excessive amounts of money to boost their economy, leading to inflation. Fiat money empowers governments to enact policies aimed at controlling supply, liquidity, and interest rates.

Besides, if individuals lack confidence in a country's currency, the money loses its worth. This is not the same as a currency backed by gold, which has an inherent value due to the demand for gold in jewelry and ornamentation.

fiat money<\/strong><\/a> into <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrency. The platforms that enable on-ramp operations are usually exchanges. The fiat-crypto transaction amount on an exchange platform is based on the market rates at the given time.<\/p>\nThere are three methods to get cryptocurrencies or other <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-blockchain/">blockchain-based assets.<\/p>\nThe first method is <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-mining/">mining. This required computing power to solve <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-hash/">hashes that yield rewards in the form of crypto coins or tokens. The second way is selling goods or services and accepting cryptocurrencies<\/strong> as a potential payment method.<\/p>\nThe first two options may not be possible for some parties because they do not have appropriate hardware for mining or do not sell any services. The third option, fiat on-ramp, allows users to purchase cryptocurrency with cash. Customers can go to a cryptocurrency exchange platform or a crypto ATM and exchange fiat currency for crypto.<\/p>\nSuch an exchange method is referred to as on-ramp as it allows the user to access the whole cryptocurrency ecosystem. Off-ramp, on the other hand, refers to the opposite process when cryptocurrency is converted into fiat money. Off-ramp may also refer to exchanging cryptocurrency for goods and services.<\/p>\nIf a customer wishes to extract their cryptocurrency from the blockchain network<\/strong> and into the real world, they must use off-ramp services to trade their digital assets into fiat currencies. In most parts of the world, fiat currencies are the primary means of currency that act as legal tender, and the usability of cryptocurrencies is limited.<\/p>","definition":"a method of turning fiat currency into cryptocurrency.","status":"published","meta_title":"What is Fiat On-Ramp? Definition & Meaning | Crypto Wiki","meta_description":"Fiat On-Ramp meaning: Fiat On-Ramp - a method of turning fiat currency into cryptocurrency.","meta_keywords":null}" :prev-section="{"id":344,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Fee","level":"medium","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2024-01-02T17:53:41.000000Z","slug":"what-are-fee-tiers","title":"What are Fee Tiers?","section":"F","keyword":"Fee Tiers","content":"Fee tiers<\/strong> are the fee structure used to determine how much investors are charged for depositing and withdrawing assets, as well as trading on <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-exchange/">cryptocurrency exchange platforms<\/strong><\/a>. Every exchange platform may have its own fee structure based on <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-trading-volume/">trade volume<\/strong><\/strong><\/a> and types.<\/p>\nCrypto exchange platforms may offer a number of ways to deposit <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-fiat/">fiat currency<\/strong><\/a>, such as direct bank transfers, PayPal<\/strong>, or credit cards. These transfer methods may incur fees at around 2–5%.<\/p>\nTrading fees depend on various criteria, such as the amount spent and which tool is used<\/strong>. Fees for swapping, conversions, or trading may vary. Although some exchanges offer convenient swapping or conversion options for newcomers in the trading world, these companies tend to be more expensive<\/strong>.<\/p>\nIt’s important for investors to analyze the charges to minimize the potential expenses. Investors may be charged flat, percentage<\/strong>, maker, taker, or withdrawal fees.<\/p>\nThe value of the flat fee may fluctuate depending on whether the<\/strong> trade value is above or below a certain threshold. For example, trades below $50 may be charged $1, which increases a chance for bigger transactions<\/strong>.<\/p>\nUsing the “maker-taker” model, the fees are calculated as a percentage of the total trade. Customers must be notified that they are charged as the transaction is being executed, not when creating the trade order.<\/p>\nOn some crypto exchange platforms, percentage fees may be reduced by paying with the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-utility-token/">utility token<\/strong><\/strong><\/a> set up by the platform. This can lead to the platforms charging lower percentage rates with higher volumes and frequency of trading. Some exchange platforms offer VIP fee tiers that grant customers special discounts as an incentive<\/strong>.<\/p>\nIf a trade order is not instantly matched with a corresponding buyer or seller’s order on the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-order-book/">order book<\/strong><\/a>, a maker fee will be applied. Such trades are then added to the order book<\/strong>, which increases <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-liquidity/">liquidity. Maker fees often apply to <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-limit-order/">limit orders<\/strong><\/a> as the minimum and maximum price thresholds are marked by the trader and they might not be instantly fulfilled.<\/p>\nTaker fees<\/strong> apply if the trader order is immediately matched with a corresponding order on the order book. These fees often apply to <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-market-order-market-buy-market-sell/">market orders<\/strong><\/a>, which are set at the market price, as they are typically wholly fulfilled<\/strong>.<\/p>\nUsers may be charged withdrawal fees if they withdraw their digital assets and convert them into fiat currencies or move their crypto assets between platforms.<\/p>\nThe incurrence of different fees can lead to customers acting more calculatedly and avoiding impulsive trading decisions. This also minimizes the odds of the exchange platform receiving an influx of trade requests<\/strong> while keeping the revenue and funds intact.<\/p>\nThe various fees are used to further develop the exchange platforms. In the case of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-decentralized-exchange-dex/">decentralized crypto exchanges (DEXs)<\/strong><\/a>, fees are distributed into <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-yield-farming/">yield farming<\/strong><\/a> and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-liquidity-mining/">liquidity mining<\/strong><\/a> programs, thus acting as a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-roi/">return of investment (ROI)<\/strong><\/strong><\/a> for liquidity providers.<\/p>","definition":"fee structure that determines how much investors are charged for depositing and withdrawing assets, as well as trading on cryptocurrency exchange platforms.","status":"published","meta_title":"What are Fee Tiers? Definition & Meaning | Crypto Wiki","meta_description":"Fee Tiers meaning: Fee Tiers - fee structure that determines how much investors are charged for depositing and withdrawing assets, as well as trading on cryptocurrency exchange platforms.","meta_keywords":null}" :model="{"id":341,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Fiat_money","level":"hard","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2023-12-05T09:55:20.000000Z","slug":"what-is-fiat","title":"What is Fiat?","section":"F","keyword":"Fiat","content":"The term \"fiat\" is frequently used in the world of crypto. The most modern paper currencies are fiat currencies, including the euro, the U.S. dollar, and so on.<\/strong><\/p>\nThe term \"fiat\" refers to an authoritative or absolute order. In this respect, the government issues an order stating that the use of USD, GBP, INR, EUR, or any other international currency is legal and acceptable for the payment of both public and private obligations.<\/p>\n<h3>Fiat Money Supply Assortment<\/h3>\nThere are four main assortments of money supply categorized from the most to least liquid:<\/p>\n<ul>\n<li>M1<\/strong> - Physical coins and notes moving in the country's economy, as well as money available for use through other means, such as debit cards and bank accounts.<\/li>\n<li>M2<\/strong> - This contains everything in M1, but also savings accounts and linked funds, which may be turned into cash rather fast.<\/li>\n<li>M3<\/strong> - This contains everything from M1 and M2, but also large investments and less liquid professional money market funds.<\/li>\n<li>M4<\/strong> - contains all cash along with all bank accounts.<\/li>\n<\/ul>\nIn economics, several types of fiat money supply are implied as “M’s”.<\/p>\n<h3>Fiat Currency or Cryptocurrency?<\/h3>\nFirstly, cryptocurrency is decentralized<\/strong>, as opposed to fiat currency.<\/p>\nThis indicates that no central banking system or country has authorized, or has a voice in the currency's circulation or usage. Moreover, cryptocurrency is completely digital<\/strong> so it does not have actual banknotes or coins. <\/p>\nAlso, except for the situation in El Salvador, cryptocurrency is not legal money<\/strong> and cannot be used as a form of payment in several areas.<\/p>\nA central authority, on the other hand, manages and supports fiat money. As a result, it is regarded legal currency for all business and personal transactions<\/strong>. Nevertheless, digital fiat currency has become the most used way to do business in a lot of places around the world.<\/p>\nEven so, there are several governments that are now debating on launching a completely digital currency that could potentially be blockchain-based. These are referred to as <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-central-bank-digital-currency/">CBDCs, or as central bank digital currencies. There is no secret that <a href=https://www.bitdegree.org/"//crypto//buy-bitcoin-btc/">Bitcoin was among the cryptocurrencies that inspired these particular currencies.<\/p>\nHowever, CBDCs would differ from cryptocurrencies<\/strong> in that they are centralized and their value is determined by the government's financial regulation.<\/p>\nSome people appear to be debating whether cryptocurrency is superior to fiat cash<\/strong>. Meanwhile, cryptocurrency is already being used in place of fiat cash in all of its applications. Starting with the fact that cryptocurrency can be used as a value store, means of trade, and unit of account.<\/p>\nFurthermore, crypto and decentralized finance eliminate the need for costly and inefficient intermediaries like banks. Also, unlike it is with fiat currencies, the value of a cryptocurrency is not established by the government. It replaces archaic record-keeping, with an invariable and trustless ledger accessible to all users.<\/p>\nHowever, a lot of cryptocurrencies have their drawbacks<\/strong> surrounding transaction speed and high energy usage. Though modern technology is quickly evolving to solve these issues and develop a system of finance that is fully superior to fiat.<\/p>\n<h3>The Fiat Money System<\/h3>\nTo conclude, fiat money is created and circulated by governments' balance, treasury, and central bank systems. Fiat money is not supported by gold or silver, but rather by the governments that issue and distribute it. <\/p>\nThis can be risky since governments have a habit of creating excessive amounts of money to boost their economy, leading to <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-inflation/">inflation. Fiat money empowers governments to enact policies aimed at controlling supply, liquidity, and interest rates.<\/p>\nBesides, if individuals lack confidence in a country's currency, the money loses its worth. This is not the same as a currency backed by gold, which has an inherent value due to the demand for gold in jewelry and ornamentation.<\/p>","definition":"a currency that is not supported by a tangible product, but rather by the government that created it, such as the Federal Reserve.","status":"published","meta_title":"What is Fiat? Definition & Meaning | Crypto Wiki","meta_description":"Fiat meaning: Fiat - money is a currency that is not supported by a tangible product, but rather by the government that created it, such as the Federal Reserve.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\nWith close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\nAaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\nAaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}" :chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin Killer","status":"published","modified_content":null},{"chapter_id":2,"order":10,"slug":"what-is-solana-in-crypto","title":"Is Solana an Improved Version of Ethereum?","status":"published","modified_content":null},{"chapter_id":2,"order":11,"slug":"what-is-polkadot-in-crypto","title":"The Bridge Between Blockchains: Polkadot","status":"published","modified_content":null},{"chapter_id":2,"order":12,"slug":"what-is-polygon-in-crypto","title":"Polygon: the Essential Scaling Solution for Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":13,"slug":"what-is-luna-crypto","title":"The Bumpy Road of Terra (LUNA)","status":"published","modified_content":null},{"chapter_id":2,"order":14,"slug":"what-is-fantom-crypto","title":"Is Fantom (FTM) Yet Another Ethereum Killer?","status":"published","modified_content":null},{"chapter_id":2,"order":15,"slug":"what-is-aave-crypto","title":"Aave: Crypto Lending Trailblazer","status":"published","modified_content":null},{"chapter_id":2,"order":16,"slug":"what-is-algorand-crypto","title":"Did Algorand Truly Solve the Blockchain Trilemma?","status":"published","modified_content":null},{"chapter_id":2,"order":17,"slug":"what-is-olympus-dao","title":"Does Olympus DAO Have Anything to Do With Mythology?","status":"published","modified_content":null},{"chapter_id":2,"order":18,"slug":"what-is-avax","title":"Is Avalanche Network (AVAX) Rightfully Called the Future of DeFi?","status":"published","modified_content":null},{"chapter_id":2,"order":19,"slug":"what-is-monero-coin","title":"Monero: Where Cryptocurrency Meets Cryptography","status":"published","modified_content":null},{"chapter_id":2,"order":20,"slug":"what-is-ripple-xrp","title":"Is Ripple \"it\" When it Comes to Cross-Border Transactions?","status":"published","modified_content":null},{"chapter_id":2,"order":21,"slug":"practical-use-of-cryptocurrencies","title":"The Practical Use of Crypto","status":"published","modified_content":null}]},{"id":3,"title":"Crypto Exchanges","slug":"crypto-exchanges","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-exchanges.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-exchanges-101.jpg","rating":80,"sections":[{"chapter_id":3,"order":1,"slug":"how-do-cryptocurrency-exchanges-work","title":"How do Cryptocurrency Exchanges Work?","status":"published","modified_content":null},{"chapter_id":3,"order":2,"slug":"dex-vs-cex","title":"DEX VS CEX: Two Sides of the Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":3,"order":3,"slug":"crypto-day-trading","title":"Crypto Day Trading: The Difference Between Buying, Trading, and Swapping","status":"published","modified_content":null},{"chapter_id":3,"order":4,"slug":"kyc-crypto","title":"KYC & AML: The Key to Complying With Legal Industry Standards","status":"published","modified_content":null},{"chapter_id":3,"order":5,"slug":"how-to-buy-crypto","title":"From Fiat to Crypto: How to Buy Crypto for the First Time","status":"published","modified_content":null},{"chapter_id":3,"order":6,"slug":"fiat-to-crypto","title":"Taking Profits: Turning Crypto Into Fiat","status":"published","modified_content":null},{"chapter_id":3,"order":7,"slug":"how-to-use-crypto","title":"You\u2019ve Got Crypto: What Can You Do With It?","status":"published","modified_content":null}]},{"id":4,"title":"Crypto Wallets","slug":"crypto-wallets","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-wallets.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-wallets-101.jpg","rating":80,"sections":[{"chapter_id":4,"order":1,"slug":"what-is-a-crypto-wallet","title":"What is a Crypto Wallet?","status":"published","modified_content":null},{"chapter_id":4,"order":2,"slug":"hot-wallet-vs-cold-wallet","title":"Hot Wallet VS Cold Wallet: Which One to Pick?","status":"published","modified_content":null},{"chapter_id":4,"order":3,"slug":"non-custodial-wallet","title":"What are Non-Custodial Crypto Wallets?","status":"published","modified_content":null},{"chapter_id":4,"order":4,"slug":"what-is-metamask","title":"Metamask: The Leading Non-Custodial Wallet","status":"published","modified_content":null},{"chapter_id":4,"order":37,"slug":"how-safe-is-cryptocurrency","title":"The Key Crypto Wallet Safety Practices: How Safe Can Crypto Be?","status":"published","modified_content":null}]},{"id":5,"title":"NFTs","slug":"nfts","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-nfts.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/nfts-101.jpg","rating":100,"sections":[{"chapter_id":5,"order":2,"slug":"how-to-trade-nfts","title":"NFT Trading: The Ins and Outs","status":"published","modified_content":null},{"chapter_id":5,"order":3,"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","status":"published","modified_content":null},{"chapter_id":5,"order":4,"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","status":"published","modified_content":null},{"chapter_id":5,"order":5,"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","status":"published","modified_content":null},{"chapter_id":5,"order":6,"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","status":"published","modified_content":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-dapps.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/dapps-defi-101.jpg","rating":80,"sections":[{"chapter_id":6,"order":1,"slug":"what-are-nfts","title":"What are Non-Fungible Tokens (NFTs)?","status":"published","modified_content":null},{"chapter_id":6,"order":1,"slug":"what-is-defi","title":"What is Decentralized Finance (DeFi)?","status":"published","modified_content":null},{"chapter_id":6,"order":2,"slug":"what-is-defi-2-0","title":"DeFi 2.0: The New Version of Decentralized Finance","status":"published","modified_content":null},{"chapter_id":6,"order":3,"slug":"what-are-dapps-in-crypto","title":"What Are dApps and How Do They Work?","status":"published","modified_content":null},{"chapter_id":6,"order":4,"slug":"defi-dapps","title":"Picking the Right dApps: Dos and Don'ts","status":"published","modified_content":null},{"chapter_id":6,"order":5,"slug":"what-is-web-3-0","title":"Web 3.0: The Future of the Internet","status":"published","modified_content":null},{"chapter_id":6,"order":6,"slug":"what-are-smart-contracts","title":"What is the Core Purpose of Smart Contracts?","status":"published","modified_content":null},{"chapter_id":6,"order":7,"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","status":"published","modified_content":null},{"chapter_id":6,"order":8,"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","status":"published","modified_content":null},{"chapter_id":6,"order":9,"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","status":"published","modified_content":null},{"chapter_id":6,"order":10,"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":6,"order":11,"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming Techniques","status":"published","modified_content":null},{"chapter_id":6,"order":12,"slug":"what-is-an-oracle-in-crypto","title":"Crypto Oracles: The Link Between Blockchain and Outside World Data","status":"published","modified_content":null},{"chapter_id":6,"order":13,"slug":"crypto-gambling","title":"The Peculiarities of Decentralized Crypto Gambling","status":"published","modified_content":null},{"chapter_id":6,"order":14,"slug":"what-is-the-metaverse","title":"Metaverse: A New Perception of Reality","status":"published","modified_content":null}]},{"id":7,"title":"Trading & Investing","slug":"trading-and-investing","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-trading.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-trading-101.jpg","rating":80,"sections":[{"chapter_id":7,"order":1,"slug":"where-to-trade-crypto","title":"Where Can You Trade Cryptocurrencies?","status":"published","modified_content":null},{"chapter_id":7,"order":2,"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","status":"published","modified_content":null},{"chapter_id":7,"order":3,"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","status":"published","modified_content":null},{"chapter_id":7,"order":4,"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","status":"published","modified_content":null},{"chapter_id":7,"order":5,"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","status":"published","modified_content":null},{"chapter_id":7,"order":6,"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","status":"published","modified_content":null},{"chapter_id":7,"order":7,"slug":"what-is-a-perpetual-contract","title":"Perpetual Contracts: Futures Contracts Without an Expiration Date","status":"published","modified_content":null},{"chapter_id":7,"order":8,"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","status":"published","modified_content":null},{"chapter_id":7,"order":9,"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","status":"published","modified_content":null},{"chapter_id":7,"order":10,"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","status":"published","modified_content":null},{"chapter_id":7,"order":11,"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","status":"published","modified_content":null},{"chapter_id":7,"order":12,"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","status":"published","modified_content":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-analysis.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-analysis-101.jpg","rating":100,"sections":[{"chapter_id":8,"order":1,"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","status":"published","modified_content":null},{"chapter_id":8,"order":2,"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","status":"published","modified_content":null},{"chapter_id":8,"order":3,"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","status":"published","modified_content":null},{"chapter_id":8,"order":4,"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","status":"published","modified_content":null},{"chapter_id":8,"order":5,"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","status":"published","modified_content":null},{"chapter_id":8,"order":46,"slug":"portfolio-diversification-definition","title":"Portfolio Diversification: The Whats, the Whys, and the Hows","status":"published","modified_content":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-mining.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-mining-101.jpg","rating":80,"sections":[{"chapter_id":9,"order":1,"slug":"what-is-crypto-mining","title":"Crypto Mining: What It is and How Does It Work?","status":"published","modified_content":null},{"chapter_id":9,"order":2,"slug":"what-is-a-mining-pool","title":"Mining Pools: Is Collective Mining Better Than Solo Mining?","status":"published","modified_content":null},{"chapter_id":9,"order":3,"slug":"what-is-staking-crypto","title":"An Advanced Look into What is Staking Crypto","status":"published","modified_content":null},{"chapter_id":9,"order":4,"slug":"what-is-proof-of-stake-vs-proof-of-work","title":"Proof-of-Work VS Proof-of-Stake: The Differences That Matter","status":"published","modified_content":null},{"chapter_id":9,"order":5,"slug":"what-is-crypto-mining-rig","title":"Crypto Mining Rig: What It is and How to Build One?","status":"published","modified_content":null}]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/crypto-101-glossary.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}]" current-chapter="F" current-section="what-is-fiat">

Learn to gain real rewards

New Courses Announced

Most Secure Wallets To Start With

Exclusive Crypto Deal List of 2023

Learn to gain real rewards

New Courses Announced

Most Secure Wallets To Start With

Exclusive Crypto Deal List of 2023

Collect Your Rewards

Unlocked: Crypto Handbook!

Grab Binance $600 Bonus

My Learnlist: Coming Soon!

Web3 Exam: Starter

Web3 Exam: Explorer

Web3 Exam: Evangelist

All Crypto From

Scratch!

Crypto 101 Handbook

What is Fiat?

Fiat Money Supply Assortment

Fiat Currency or Cryptocurrency?

The Fiat Money System

Top Cryptocurrencies

Top Spot Exchanges

Buy Crypto

Top Reviews

Crypto Guides

Project