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 41 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 Crypto-backed loan

Address
A public string that works like an account number. Anyone can look it up
Advance-fee scam
A demand for a payment (a tax, a release fee, an unlocking fee) before promised money can be delivered. The money never arrives
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. RealOpen has no part in these

Custodian to Layer 2

Custodian
A company that holds crypto on someone's behalf. An exchange is one kind
DeFi
Lending and trading apps that run on a blockchain with no company holding the funds
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 that holds crypto for customers and lets them trade it
Gas
The fee a network charges for a transfer, paid in that network's coin
Hardware wallet
A physical device that holds private keys offline
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

Liquid to Self-custody

Liquid
Able to be sold or sent today, without waiting on an unlock, a hold or another party
Multisig
A wallet that needs more than one key to move funds
Network fee
Another name for gas
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 to Wallet

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
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
Vesting
A schedule that releases tokens over time. Unvested tokens cannot be moved
Volatility
How much an asset's price moves
Wallet
The software or device that holds private keys and controls crypto

Wrapped token to Wrapped token

Wrapped token
A token on one network that tracks an asset from another, such as WBTC on Ethereum

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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