Frequently Asked Questions

TRC20 (the TRON network) is almost always cheaper — fees are typically around $1 or less, while ERC20 (Ethereum) fees can run into several dollars, or tens of dollars during network congestion. Always confirm that both the sender and recipient are using the same network — sending to the wrong network can result in lost funds.

Gas is the fee paid for processing a transaction or smart contract on a blockchain network such as Ethereum. The amount depends on how congested the network is at that moment: the more people are sending transactions at once, the higher the fee, since users are competing for limited space in each block.

Most exchanges treat a transaction as final after 1–6 confirmations (roughly 10–60 minutes), depending on the transfer amount and the specific platform's policy. The larger the amount, the more confirmations are typically required.

This usually means the fee you set was too low for current network congestion. Some wallets let you speed up the transaction (Replace-By-Fee) or cancel and resend with a higher fee. If that option isn't available, you simply have to wait for the network to clear — the funds are not lost in the meantime.

If you lose both your seed phrase and access to the device holding the wallet, your funds cannot be recovered — no company, including the wallet developer, holds a backup of your keys. That is why you should write your seed phrase on paper (or metal) and store it in more than one secure location, not just in your memory or in phone notes.

A hardware (cold) wallet stores private keys offline on a physical device and is considered the safest option for holding large amounts. A software (hot) wallet is more convenient for frequent small transactions, but is more vulnerable since the device stays connected to the internet.

A CEX (centralized exchange, e.g. Binance) holds your funds in its own wallets and usually requires identity verification (KYC). A DEX (decentralized exchange) lets you trade directly from your own wallet via smart contracts without handing funds to a third party, but typically has no customer support and cannot reverse mistaken transactions.

Regulated exchanges are legally required to verify user identity in order to prevent money laundering and fraud (AML/KYC requirements). It also helps the exchange restore access to your account if you lose your password.

In most countries, selling or trading cryptocurrency at a profit is a taxable event. Rules vary significantly by country and change frequently, so we cannot give a universal answer — consult a tax advisor in your jurisdiction. This is not tax advice.

Blockchain transactions are irreversible. If the address exists and belongs to another user or an incompatible wallet, the funds can only be recovered if the recipient voluntarily sends them back — there is no way to guarantee this. Always double-check the recipient address and network character by character before sending.

For small amounts and active trading it is acceptable, but exchanges remain attractive hacking targets, and if an exchange goes bankrupt, access to funds can be lost. The general rule is: move any amount you are not actively trading into your own non-custodial — ideally cold — wallet.

Check whether the project's liquidity is locked, whether the smart contract has been audited by a reputable firm, how concentrated the token supply is in team wallets, and whether the team is verifiably real (public history, talks, code on GitHub). The less transparency there is, the higher the risk.

Bitcoin was designed as digital "gold" — an alternative to money and a store of value. Ethereum is a smart-contract platform on which DeFi apps, NFTs, and thousands of tokens are built. They run on different blockchains, use different consensus mechanisms, and serve different primary use cases.

Staking means locking up cryptocurrency to help validate transactions on a Proof-of-Stake network in exchange for rewards. Yields vary widely between networks and providers — from 1–2% to 15–20% annually — but the higher the promised yield, the higher the risk, including the risk of losing the funds entirely.

Technically, most cryptocurrencies are divisible into very small fractions (such as satoshis for Bitcoin), so you can start with just a few dollars. However, network and exchange fees can eat up a significant share of very small amounts, so it's worth factoring that in.

A whitepaper describes a project's technology, goals, and token economics. Reading it carefully helps you understand whether the project solves a real problem, how well thought out its tokenomics are, and whether the document shows obvious red flags — such as unrealistic return promises.

A single coin's price says nothing about a project's size — a cheap coin can simply have a huge circulating supply. Market cap (price × circulating supply) reflects a project's real size and lets you compare different cryptocurrencies meaningfully.

The crypto market trades around the clock, has relatively low liquidity compared to traditional markets, and reacts strongly to news, regulatory decisions, and the actions of large holders ("whales"). This makes it noticeably more volatile than, for example, the stock market.

Spot trading means buying actual cryptocurrency without leverage, so your risk is limited to the amount invested. Leveraged futures can amplify gains when your prediction is right, but they can just as quickly trigger liquidation when it's wrong. Spot trading is significantly safer for beginners.

A market order executes immediately at the best available price. A limit order only executes once the market reaches your specified price or better — it may never fill, but it gives you more control over the trade price.