RealOpen Certified · Glossary

Crypto terms for real estate agents

Crypto buyers say things like “It’s USDT on Tron, in cold storage.” These are the 38 words they use, in the order you will meet them: enough to follow crypto buyers and get their purchases to closing, not a blockchain course. They come from Lesson 1, crypto basics for agents.

Address to DeFi

Address
A public string that works like an account number. Anyone can look it up
Block explorer
A public website showing the balance and history of any address
Blockchain
A network that keeps a shared public ledger. Also called a chain or a network
Bridge
A service that moves an asset from one network to another
Coin
The currency built into a blockchain, such as BTC or ETH. Fees are paid in it
Cold storage
Crypto held offline, usually on a hardware wallet
Confirmation
A network's acceptance of a transfer into a block. More confirmations mean more certainty
Conversion
Turning crypto into U.S. dollars. On the route RealOpen runs, it happens at funding
Crypto-backed loan
A loan secured by crypto the borrower pledges instead of selling
DeFi
Lending and trading apps that run on a blockchain with no company holding the funds

Destination tag to Network fee

Destination tag
An extra number some transfers need along with the address. Also called a memo
ERC-20
The label for a token on the Ethereum network
Exchange
A company such as Coinbase or Kraken that holds crypto for customers
Gas
The fee a network charges for a transfer, paid in that network's coin
Hardware wallet
A physical device, such as a Ledger or Trezor, that holds private keys
KYC
"Know your customer." Identity verification
Layer 1
A base blockchain, such as Bitcoin, Ethereum or Solana
Layer 2
A network built on top of a layer 1 to make transfers faster and cheaper, such as Arbitrum or Base
Multisig
A wallet that needs more than one key to move funds
Network fee
Another name for gas

OTC desk to Staking

OTC desk
An over-the-counter trading desk that converts large amounts at a quoted price
Private key
The secret that controls a wallet. Never shared
Proof of funds
A letter stating verified buying power, used with an offer
RealScore Report
RealOpen's asset verification report, built for a mortgage underwriter
Sats
Short for satoshis, the smallest unit of Bitcoin. One Bitcoin is 100 million sats
Seed phrase
A 12 or 24 word backup of a private key. Never shared
Self-custody
Holding your own keys, with no exchange in between
Smart contract
A program that runs on a blockchain. Tokens are built with them
Stablecoin
A token designed to stay at one dollar, such as USDC or USDT
Staking
Locking crypto with a network or protocol to earn rewards. It may take days to unlock

Token to Xpub

Token
An asset issued on top of an existing blockchain, such as USDC or USDT
Tokenized real estate
Tokens that represent a share of an entity that owns property. An investment, not a home purchase
Transaction ID
The public receipt for a transfer. Also called a hash or a TXID
TRC-20
The label for a token on the Tron network
Volatility
How much an asset's price moves
Wallet
The software or device that holds private keys and controls crypto
Wrapped token
A token on one network that tracks an asset from another, such as WBTC on Ethereum
Xpub
An extended public key. It shows every address in a Bitcoin wallet and cannot move funds

Buying with crypto rather than selling it? The transaction and tokenization terms (escrow, settlement, SPVs, RWAs) are in the crypto real estate glossary for buyers.

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