What Is Crypto? A Plain-English Guide

Money that lives on the internet, with no bank in the middle.

The short version

Crypto is digital money that runs on a blockchain: a public record of who owns what, kept by thousands of computers instead of one bank. Nobody can quietly change it, and anyone can check it.

Coins and tokens

A coin is a blockchain's own money (SOL on Solana, ETH on Ethereum). A token is built on top of a blockchain. Meme coins like $CRAIC are tokens on Solana.

Why people use it

Send money anywhere in seconds, any time.
You hold it yourself in a wallet. No account needed.
Communities can launch their own coins.

The catch

Prices swing a lot, many tokens go to zero, and there's no bank to reverse a mistake. Only use money you can afford to lose.

Keep learning

🪙 What Is CryptoMoney that lives on the internet, with no bank in the middle.👛 What Is a Crypto WalletYour wallet holds your keys. Your seed phrase is the master key.⚡ What Is SolanaThe blockchain Craic Hub runs on.🔁 How to Swap CryptoConnect, pick, review, confirm. You always sign.🛡 Crypto SafetyThe red flags, and how our safety check reads them for you.🎯 What Is a Limit OrderSet the price you want and let it fill if it gets there.🤖 Auto Trade ExplainedLet orders run while you're away, still non-custodial.

Open the swap with Beginner mode Glossary

Not financial advice. Crypto is risky and you can lose everything you put in. Do your own research. Craic Hub is non-custodial: you trade from your own wallet and nobody here will ever ask for your seed phrase. Fees paid in $CRAIC are burned.