Skip to content
Metaspins Help center

Crypto basics

What Is Cryptocurrency?

Cryptocurrency is a digital asset recorded on a blockchain. Transfers use network-specific addresses and are approved through a wallet or custodial service. Sending the correct asset on the correct network matters because transfers generally cannot be reversed.

Terms you will see

TermMeaning
BlockchainA shared record of transactions maintained by a network.
WalletA tool or service used to manage addresses and approve transfers.
Network feeA fee associated with processing a blockchain transaction; a sending service may add its own charges.
ConfirmationProgress in recording a transaction on the blockchain.
StablecoinAn asset designed to track a reference value, without a guarantee that the value will be maintained.

Using cryptocurrency at Metaspins

Check the supported asset, network and minimum in Cashier before each deposit. Verification and location restrictions can still apply; cryptocurrency does not remove these requirements. Prices can change, transfers can be irreversible and you should never share wallet recovery information.

Looking for another answer?More in this topic