Decryptopedia Terms Beginning With 'K'

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Rug Pull

A scam tactic perpetrated against crypto traders and investors, that results in all investment funds disappearing without a trace. The scam usually takes the shape of scammers setting up a brand new coin that promises instant gains or too-good-to-be-true scenarios. Once the coin is made public, the scammers (criminals) drum up attention on social media and chat rooms, in hopes of enticing investors to buy the cryptocurrency of the project. The fraud materializes when the founders of the coin disappear without notice, taking all investor funds with them.

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Common Crypto Terms

The crypto market, born out of money meeting technology, covers a vast amount of subjects. Crypto not only covers cryptocurrency trading, but it includes everything from digital payments,...

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Terms that start with “K”

Know Your Customer (KYC)
Regulations imposed by governments and regulatory agencies on financial institutions and services providers that require them to identify and verify their customer’s identities. The purpose of requiring KYC information primarily revolves around complying with anti-money-laundering programs that have been required by banks and other traditional finance companies and institutions for years.

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Terms that start with “K”