Glossary of Terms for Nebeus

Glossary of Terms for Nebeus

  1. Crypto Account: A digital wallet within your Nebeus account that allows you to securely store and manage your cryptocurrencies.

  2. Fiat Account: A traditional currency account within your Nebeus account where you can hold and transact with fiat currencies like EUR or GBP.

  3. Money Account: An account within your Nebeus account that holds your fiat funds, providing you with easy access for deposits, withdrawals, and transactions.

  4. Crypto-to-Fiat Conversion: The process of converting your cryptocurrencies into traditional fiat currencies.

  5. Fiat-to-Crypto Conversion: The process of converting fiat currencies into cryptocurrencies.

  6. Buy Order: An instruction to purchase a specific amount of cryptocurrency at the prevailing market price.

  7. Sell Order: An instruction to sell a specific amount of cryptocurrency at the prevailing market price.

  8. Deposit: The act of transferring funds, either in fiat or cryptocurrency, into your Nebeus account.

  9. Withdrawal: The process of transferring funds, either in fiat or cryptocurrency, from your Nebeus account to an external wallet or bank account.

  10. KYC Verification: Know Your Customer (KYC) verification is a process that requires users to provide personal identification documents to comply with legal and regulatory requirements.

  11. Two-Factor Authentication (2FA): A security feature that adds an extra layer of protection to your Nebeus account by requiring a verification code in addition to your login credentials.

  12. Crypto Card: A physical or virtual card that allows you to spend your cryptocurrencies for everyday purchases, similar to a traditional debit or credit card.

  13. Renting: Nebeus' unique service that enables users to earn passive income by renting out their cryptocurrencies to Nebeus for a fixed period.

  14. Crypto Backed Loan: A loan provided by Nebeus where users can use their cryptocurrencies as collateral to borrow funds.

  15. Staking: The process of holding and validating cryptocurrencies to support the operations of a blockchain network and earning rewards in return.

  16. Vault: A secure storage feature offered by Nebeus where users can store their cryptocurrencies with enhanced security measures.

  17. Transaction History: A record of all the deposits, withdrawals, conversions, and other financial activities associated with your Nebeus account.

  18. Market Order: An order to buy or sell a cryptocurrency at the best available price in the market.

  19. Limit Order: An order to buy or sell a cryptocurrency at a specific price or better.

  20. Liquidity: The ease with which a cryptocurrency can be bought or sold without causing significant price fluctuations.

Please note that this glossary provides general definitions for common terms used in the context of Nebeus. If you have any specific questions or require further clarification, please refer to our official documentation or contact our customer support team.

    • Related Articles

    • How to Contact Support at Nebeus?

      If you need assistance or have questions regarding your Nebeus account, our support team is ready to help you through two convenient options: Email and Chat Support. Here’s how you can reach out: Email Support For issues that require detailed ...

    • Restoring Two-Factor Authentication (2FA)

      If you need to restore Two-Factor Authentication (2FA) for your Nebeus account, follow these steps: Open Settings: Log in to your Nebeus account and click on your avatar or profile picture located in the top right corner of the screen. A dropdown ...

    • Can I close my account?

      At Nebeus, we understand that circumstances may change, and you may decide to close your account. This article outlines the process of closing your Nebeus account, including information about any associated fees. Closing Your Account: Yes, you have ...

    • Two-Factor Authentication (2FA)

      To enhance the security of your Nebeus account, you can enable Two-Factor Authentication (2FA) using Google Authenticator. Follow the steps below to add 2FA to your Nebeus account via the web version: Open Settings: Log in to your Nebeus account and ...

    • My account is closed - what can I do?

      Q: Why was my Nebeus account closed? A: As a regulated entity, Nebeus monitors accounts continuously. If we detect any activity that raises alerts or violates our policies, we may close the account for security and compliance reasons. Q: What happens ...