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Scalping

This refers to a trading strategy that involves buying and selling a digital token numerous times on the same day within short durations in order to profit from slight price swings throughout that period.

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Transaction Fee

This is also called miners’ fees, users of a cryptocurrency who send out coins on the cryptocurrency blockchain/network pay small amounts of their coins to miners whose work is to verify the authenticity of transactions on the network and are paid according to the size of value being sent.

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Transaction ID (TXID)

Every cryptocurrency transaction comes with a transaction ID the same way every bank transaction comes with a transaction ID. This ID is a unique string of letters & numbers that makes a transaction trackable on the blockchain of the cryptocurrency.

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