cryptocurrency
noun (a cryptocurrency, cryptocurrencies; cryptocurrency, uncountable); informal crypto
Everyday
(money) A kind of digital money that exists only on computers, uses special codes to keep it secure, and is not issued by a government or bank, such as Bitcoin. tree →
In the lessons
In money and computing lessons it is explained as a new kind of money with prices that go up and down very fast. In the news it appears with scams, investments and energy use. Phrases: "buy cryptocurrency", "crypto wallet", "the price of cryptocurrency".
Examples
- Bitcoin was the first cryptocurrency. tree →
- The price of cryptocurrency can rise or fall a lot in one day. tree →
- My uncle lost money when his cryptocurrency crashed. tree →
- Cryptocurrency is kept in a digital wallet. tree →
- Scammers often ask for payment in cryptocurrency. tree →
- Some cryptocurrencies use a lot of electricity. tree →
Note
Plural: cryptocurrencies. Often shortened to "crypto". It is risky: values change fast and money can be lost or stolen, and there is usually no bank to get it back. Online, never send crypto to someone who promises to "double your money"; that is a scam.
On Mova
- Trees and pragmatics of «cryptocurrency» in the school dictionary: every meaning and example parsed by Mova, with its dependency tree and frames.
- «cryptocurrency» in the school dictionary on Mova free.
This page in Markdown → https://md.dictionary.elamur.ai/free/en/english/cryptocurrency/