Crypto
Cryptocurrency
Example
How many new cryptos do we need?
Crypto definition by Slang.net
This page explains what the abbreviation "Crypto" means. The definition, example, and related terms listed above have been written and compiled by the Slang.net team.
We are constantly updating our database with new slang terms, acronyms, and abbreviations. If you would like to suggest a term or an update to an existing one, please let us know!
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Those who trade in Bitcoin, Ether, or Dogecoin may refer to cryptocurrency as crypto. You're most likely to see this abbreviation used on social media and in online forums, when users are discussing either a specific cryptocurrency or the merit and make-up of cryptocurrencies as a whole.
What is cryptocurrency?
A cryptocurrency is a digital currency that can be used to complete financial transactions secured using cryptography. Most cryptocurrencies are distributed and exchanged upon decentralized computer networks, which use blockchain technology to track and validate transactions. This concept, of conducting financial transactions using decentralized networks, is often referred to as DeFi.
As cryptos (especially Bitcoin) have become more popular, they've spawned an entire subculture devoted to buying, selling, and discussing different currencies. These discussions often contain a variety of other crypto-related slang, some of which you can learn more about in the Related Slang section below.