Crypto terms,
in plain English.
The words you’ll run into while using Jupiter Global, explained simply.
28 terms
- Address
A destination identifier on a blockchain. Use the receiving service’s current address and supported network, not an unexplained address in a message.
Put it in context- Referral link
A sign-up link that opens Jupiter’s own registration page. New members earn 2% cashback on eligible Jupiter Card purchases, up to $100 a month.
Put it in context- All-in cost
The full cost of a journey, including any necessary funding, conversion, sending and receiving steps. Compare the final usable outcome.
Put it in context- Authorization hold
An amount reserved during card payment processing. A hold is not necessarily a settled charge; check its actual status.
Put it in context- Bank rail
The payment system or route used for a bank transfer. Currency and rail must both match the receiving instructions.
Put it in context- Beneficiary
The person or account receiving a payment. Use the legal details required by the payment provider.
Put it in context- Blockchain
A shared ledger used to record transactions. A blockchain confirmation is not the same as a completed bank payout.
Put it in context- Card issuer
The partner that issues and operates a card. Issuer rules can affect fees, supported features, and account management.
Put it in context- Cashback
Part of an eligible card purchase returned to you after the transaction settles. Jupiter Card members earn 2%, up to $100 a month, or 4% (up to $200) in the month after they refer two qualifying friends. Some transactions don’t count.
Put it in context- Custody
Who controls access to assets and how they are held. Self-custody wallets and partner-operated payment balances carry different responsibilities.
Put it in context- Effective exchange rate
Final recipient amount divided by total source-currency debit. Use the same currency pair and delivery type when comparing.
Put it in context- Fiat
Government-issued money, such as USD, PHP or VND. A token referencing a currency is not automatically a bank balance in that currency.
Put it in context- FX
Foreign exchange: converting between currencies. Examine the amount delivered and any charge rather than only the displayed rate.
Put it in context- Jupiter ID
The identity and sign-in layer described for Jupiter Spend. It should not be confused with a wallet recovery phrase.
Put it in context- KYC
Know Your Customer: the provider’s identity-verification process. Submit only through a verified official flow.
Put it in context- Network fee
A cost associated with processing an onchain transaction. It is distinct from a sending exchange or payment provider’s charge.
Put it in context- Off-ramp
A route from crypto into fiat money. Check the available asset, account, currency, and withdrawal requirements before funding.
Put it in context- On-ramp
A route for obtaining crypto using fiat money. Include its cost and permitted availability in a complete transfer comparison.
Put it in context- Payout
The delivery step to a recipient, such as a bank credit. Check whether the quoted amount is final and usable.
Put it in context- Private key
Secret information that controls a wallet. Do not enter one into a tutorial, fee calculator, or support message.
Put it in context- QR payment
A payment initiated by scanning a code. A code’s existence does not prove that every app or payment purpose is supported.
Put it in context- Recovery phrase
Secret words used by certain wallets to recover access. Not every account type uses one; follow your actual wallet’s instructions.
Put it in context- Settlement
The completion stage of payment processing. A pending authorization, submitted transfer, and settled payment are different states.
Put it in context- Stablecoin
A token intended to track a reference value. The intended peg does not remove access, issuer, market, or transfer risk.
Put it in context- Test transfer
A modest, valid initial transfer used to check a route. It must satisfy fees and minimums and does not guarantee future transactions.
Put it in context- Token
An asset represented on a blockchain. Always identify both the token and the supported network before depositing.
Put it in context- Transaction hash
An identifier for an onchain transaction, useful for investigation. It is not a private key or recovery credential.
Put it in context- Virtual account
Bank-style receiving details provided for a specified service and rail. They are not a crypto deposit address.
Put it in context
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