annual percentage rate</strong></a>.</p>\n<p>Before entering the crypto yield programs it is mandatory to do brief research since there are different interest-earning procedures, types of crypto assets, fees, and entry barriers.</p>\n<p>Furthermore, <strong>promotional APYs are offered by crypto exchanges</strong>, but you should be cautious before investing in them. There is a possibility that a few of these programs employ the technique of first giving higher APYs to attract consumers and then lowering the rates after enough customers have been captured.&nbsp;</p>\n<p>Keeping that in mind, if you see a yield farming platform that provides high APYs, make sure to evaluate its reputation. Nonetheless, cryptocurrency savings accounts with annual percentage yield (APY) is a valuable tool to have for investors if chosen carefully.</p>\n<p>Moreover, the annual percentage rate (APY) is a way of calculating how much money was gained in a year on a money market profile. It can also be a way of discovering how interest rates increase over time. This can be referred to as <strong>compounding interest</strong>.</p>\n<p>As an example, you can stock your <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum and receive a defined rate of return over a set length of time.</p>\n<p>Compounding interest normally indicates that the money you placed into the account and the interest that has accrued have resulted in a certain amount being received. An essential tool of investment is the possibility to earn money, and the compound interest makes sure it's doable.</p>\n<p>&nbsp;</p>","level":"easy","meta_title":"What is Annual Percentage Yield (APY)? Definition & Meaning | Crypto Wiki","meta_description":"Annual Percentage Yield (APY) meaning: Annual Percentage Yield (APY) - the rate of return on investment that takes into account the effects of compounding interest.","meta_keywords":null,"language":"en","created_at":"2022-02-10T14:07:56.000000Z","updated_at":"2023-04-07T08:43:22.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-annual-percentage-yield-apy"},"readingTime":1,"chapterList":[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-blockchain.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/blockchain-101.jpg","rating":100,"sections":[{"slug":"what-is-blockchain","title":"What is the Blockchain?","featured_image_id":6412,"status":"published","chapter_id":1,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-blockchain","featured_image":{"id":6412,"uuid":"152ba579-ce8d-488a-9e06-bcd99e976b7d","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-blockchain-626fbe085a0cd.o.jpg","path":"crypto/storage/media/what-is-blockchain-626fbe085a0cd.o.jpg","original_path":"crypto/storage/media/what-is-blockchain-626fbe085a0cd.jpg","name":"what-is-blockchain-626fbe085a0cd.o.jpg","original_name":"what-is-blockchain.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.86KB"},"youtube_video":null},{"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","featured_image_id":7205,"status":"published","chapter_id":1,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/decentralized-blockchain","featured_image":{"id":7205,"uuid":"c5d6f6a7-4914-4d6b-9fdd-e94dfb0bae82","public_url":"https://assets.bitdegree.org/crypto/storage/media/decentralized-blockchain-featured-image.o.jpg","path":"crypto/storage/media/decentralized-blockchain-featured-image.o.jpg","original_path":"crypto/storage/media/decentralized-blockchain-featured-image.jpg","name":"decentralized-blockchain-featured-image.o.jpg","original_name":"decentralized-blockchain-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"136.00KB"},"youtube_video":null},{"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","featured_image_id":7397,"status":"published","chapter_id":1,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/blockchain-transaction","featured_image":{"id":7397,"uuid":"e60dff45-4c5d-4b44-a2c1-a27e49f700e7","public_url":"https://assets.bitdegree.org/crypto/storage/media/blockchain-transaction-featured-mage.o.jpg","path":"crypto/storage/media/blockchain-transaction-featured-mage.o.jpg","original_path":"crypto/storage/media/blockchain-transaction-featured-mage.jpg","name":"blockchain-transaction-featured-mage.o.jpg","original_name":"blockchain-transaction-featured-mage.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"85.83KB"},"youtube_video":null},{"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","featured_image_id":7442,"status":"published","chapter_id":1,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/crypto-fees","featured_image":{"id":7442,"uuid":"f554012e-7fe1-4636-9718-81abd3499361","public_url":"https://assets.bitdegree.org/crypto/storage/media/crypto-fees-featured-image.o.jpg","path":"crypto/storage/media/crypto-fees-featured-image.o.jpg","original_path":"crypto/storage/media/crypto-fees-featured-image.jpg","name":"crypto-fees-featured-image.o.jpg","original_name":"crypto-fees-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"78.90KB"},"youtube_video":null},{"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","featured_image_id":7662,"status":"published","chapter_id":1,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bridging-in-crypto","featured_image":{"id":7662,"uuid":"67564127-d9df-451e-8767-c28930039dc8","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-crypto-bridging-featured-image.o.jpg","path":"crypto/storage/media/what-is-crypto-bridging-featured-image.o.jpg","original_path":"crypto/storage/media/what-is-crypto-bridging-featured-image.jpg","name":"what-is-crypto-bridging-featured-image.o.jpg","original_name":"what-is-crypto-bridging-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"106.21KB"},"youtube_video":null},{"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","featured_image_id":7272,"status":"published","chapter_id":1,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/types-of-blockchains","featured_image":{"id":7272,"uuid":"6ad01272-67ac-4719-8e88-7f01752a0628","public_url":"https://assets.bitdegree.org/crypto/storage/media/types-of-blockchains-featured-image.o.jpg","path":"crypto/storage/media/types-of-blockchains-featured-image.o.jpg","original_path":"crypto/storage/media/types-of-blockchains-featured-image.jpg","name":"types-of-blockchains-featured-image.o.jpg","original_name":"types-of-blockchains-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"110.34KB"},"youtube_video":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-cryptocurrencies.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/cryptocurrencies-101.jpg","rating":100,"sections":[{"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","featured_image_id":7751,"status":"published","chapter_id":2,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-cryptocurrency","featured_image":{"id":7751,"uuid":"791c4203-70ae-4c68-8a02-bc1769331e86","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-cryptocurrency-featured-image.o.jpg","path":"crypto/storage/media/what-is-cryptocurrency-featured-image.o.jpg","original_path":"crypto/storage/media/what-is-cryptocurrency-featured-image.jpg","name":"what-is-cryptocurrency-featured-image.o.jpg","original_name":"what-is-cryptocurrency-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"90.10KB"},"youtube_video":null},{"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","featured_image_id":7901,"status":"published","chapter_id":2,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-does-cryptocurrency-work","featured_image":{"id":7901,"uuid":"8cbcfe71-8bbf-4b46-88b5-3c093730a696","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-does-cryptocurrency-work-featured-image.o.jpg","path":"crypto/storage/media/how-does-cryptocurrency-work-featured-image.o.jpg","original_path":"crypto/storage/media/how-does-cryptocurrency-work-featured-image.jpg","name":"how-does-cryptocurrency-work-featured-image.o.jpg","original_name":"how-does-cryptocurrency-work-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"131.98KB"},"youtube_video":null},{"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","featured_image_id":7970,"status":"published","chapter_id":2,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/is-cryptocurrency-a-good-investment","featured_image":{"id":7970,"uuid":"97ba4b02-cac2-4a9a-97d9-517f29a0ba30","public_url":"https://assets.bitdegree.org/crypto/storage/media/is-cryptocurrency-a-good-investment-featured-image.o.jpg","path":"crypto/storage/media/is-cryptocurrency-a-good-investment-featured-image.o.jpg","original_path":"crypto/storage/media/is-cryptocurrency-a-good-investment-featured-image.jpg","name":"is-cryptocurrency-a-good-investment-featured-image.o.jpg","original_name":"is-cryptocurrency-a-good-investment-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"98.62KB"},"youtube_video":null},{"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","featured_image_id":6414,"status":"published","chapter_id":2,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/coin-vs-token","featured_image":{"id":6414,"uuid":"c272a929-e278-42e8-9f7c-5425cfa42224","public_url":"https://assets.bitdegree.org/crypto/storage/media/coin-vs-token.o.jpg","path":"crypto/storage/media/coin-vs-token.o.jpg","original_path":"crypto/storage/media/coin-vs-token.jpg","name":"coin-vs-token.o.jpg","original_name":"coin-vs-token.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"97.03KB"},"youtube_video":null},{"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","featured_image_id":8008,"status":"published","chapter_id":2,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-are-stablecoins","featured_image":{"id":8008,"uuid":"e4bf3c31-531e-4f10-87be-0fa1b4c428c4","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-are-stablecoins-featured-image.o.jpg","path":"crypto/storage/media/what-are-stablecoins-featured-image.o.jpg","original_path":"crypto/storage/media/what-are-stablecoins-featured-image.jpg","name":"what-are-stablecoins-featured-image.o.jpg","original_name":"what-are-stablecoins-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"118.95KB"},"youtube_video":null},{"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","featured_image_id":8074,"status":"published","chapter_id":2,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-bitcoin","featured_image":{"id":8074,"uuid":"46e1226b-b72e-4c63-86f3-00b36865dc24","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-bitcoin-featured-image.o.jpg","path":"crypto/storage/media/what-is-a-bitcoin-featured-image.o.jpg","original_path":"crypto/storage/media/what-is-a-bitcoin-featured-image.jpg","name":"what-is-a-bitcoin-featured-image.o.jpg","original_name":"what-is-a-bitcoin-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"117.78KB"},"youtube_video":null},{"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","featured_image_id":8199,"status":"published","chapter_id":2,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-ethereum","featured_image":{"id":8199,"uuid":"eea421af-8373-441f-98a1-a6ff7e5bf580","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-ethereum-featured-image.o.jpg","path":"crypto/storage/media/what-is-ethereum-featured-image.o.jpg","original_path":"crypto/storage/media/what-is-ethereum-featured-image.jpg","name":"what-is-ethereum-featured-image.o.jpg","original_name":"what-is-ethereum-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"65.20KB"},"youtube_video":null},{"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","featured_image_id":6525,"status":"published","chapter_id":2,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-cardano-in-crypto","featured_image":{"id":6525,"uuid":"b567449c-5b31-45c3-a8eb-4640d3b8ff69","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-cardano.o.jpg","path":"crypto/storage/media/what-is-cardano.o.jpg","original_path":"crypto/storage/media/what-is-cardano.jpg","name":"what-is-cardano.o.jpg","original_name":"what-is-cardano.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"91.90KB"},"youtube_video":null},{"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin Killer","featured_image_id":6541,"status":"published","chapter_id":2,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-shiba-inu-coin","featured_image":{"id":6541,"uuid":"c1bbdb54-6c30-4641-afd4-370b9e795091","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-shiba-inu-coin.o.jpg","path":"crypto/storage/media/what-is-shiba-inu-coin.o.jpg","original_path":"crypto/storage/media/what-is-shiba-inu-coin.jpg","name":"what-is-shiba-inu-coin.o.jpg","original_name":"what-is-shiba-inu-coin.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"91.35KB"},"youtube_video":null},{"slug":"what-is-solana-in-crypto","title":"Is Solana an Improved Version of Ethereum?","featured_image_id":6497,"status":"published","chapter_id":2,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-solana-in-crypto","featured_image":{"id":6497,"uuid":"6c7c70ad-e117-4520-b0ce-8ef6b3c184de","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-solana-in-crypto-6270ec2042765.o.jpg","path":"crypto/storage/media/what-is-solana-in-crypto-6270ec2042765.o.jpg","original_path":"crypto/storage/media/what-is-solana-in-crypto-6270ec2042765.jpg","name":"what-is-solana-in-crypto-6270ec2042765.o.jpg","original_name":"what-is-solana-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"96.08KB"},"youtube_video":null},{"slug":"what-is-polkadot-in-crypto","title":"The Bridge Between Blockchains: Polkadot","featured_image_id":6891,"status":"published","chapter_id":2,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-polkadot-in-crypto","featured_image":{"id":6891,"uuid":"8419c664-891c-434f-8de9-c483cd825616","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-polkadot-in-crypto-featured-image.o.jpg","path":"crypto/storage/media/what-is-polkadot-in-crypto-featured-image.o.jpg","original_path":"crypto/storage/media/what-is-polkadot-in-crypto-featured-image.jpg","name":"what-is-polkadot-in-crypto-featured-image.o.jpg","original_name":"what-is-polkadot-in-crypto-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"87.09KB"},"youtube_video":null},{"slug":"what-is-polygon-in-crypto","title":"Polygon: the Essential Scaling Solution for Ethereum","featured_image_id":7085,"status":"published","chapter_id":2,"language":"en","order":12,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-polygon-in-crypto","featured_image":{"id":7085,"uuid":"3cdbe13d-9f88-4cc9-98a0-0b8515210f94","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-polygon-in-crypto-featured-image.o.jpg","path":"crypto/storage/media/what-is-polygon-in-crypto-featured-image.o.jpg","original_path":"crypto/storage/media/what-is-polygon-in-crypto-featured-image.jpg","name":"what-is-polygon-in-crypto-featured-image.o.jpg","original_name":"what-is-polygon-in-crypto-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"77.90KB"},"youtube_video":null},{"slug":"practical-use-of-cryptocurrencies","title":"The Practical Use of Crypto","featured_image_id":6631,"status":"published","chapter_id":2,"language":"en","order":13,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/practical-use-of-cryptocurrencies","featured_image":{"id":6631,"uuid":"574ad2ea-9601-4c1c-9cf6-1d8221134076","public_url":"https://assets.bitdegree.org/crypto/storage/media/crypto-practical-use.o.jpg","path":"crypto/storage/media/crypto-practical-use.o.jpg","original_path":"crypto/storage/media/crypto-practical-use.jpg","name":"crypto-practical-use.o.jpg","original_name":"crypto-practical-use.jpg","title":null,"alt":null,"width":1280,"height":720,"disk":"spaces","status":"uploaded","readable_file_size":"96.43KB"},"youtube_video":null}]},{"id":3,"title":"Crypto Exchanges","slug":"crypto-exchanges","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-exchanges.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-exchanges-101.jpg","rating":80,"sections":[{"slug":"how-do-cryptocurrency-exchanges-work","title":"How do Cryptocurrency Exchanges Work?","featured_image_id":8223,"status":"published","chapter_id":3,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-do-cryptocurrency-exchanges-work","featured_image":{"id":8223,"uuid":"fcb588c1-df45-4330-95de-a3aec84c8cdb","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-do-cryptocurrency-exchanges-work-featured-image.o.jpg","path":"crypto/storage/media/how-do-cryptocurrency-exchanges-work-featured-image.o.jpg","original_path":"crypto/storage/media/how-do-cryptocurrency-exchanges-work-featured-image.jpg","name":"how-do-cryptocurrency-exchanges-work-featured-image.o.jpg","original_name":"how-do-cryptocurrency-exchanges-work-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"110.40KB"},"youtube_video":null},{"slug":"dex-vs-cex","title":"DEX VS CEX: Two Sides of the Crypto Exchange Industry","featured_image_id":8448,"status":"published","chapter_id":3,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/dex-vs-cex","featured_image":{"id":8448,"uuid":"7fb54661-e36d-4dd5-bb54-f3e80a869640","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/cex-vs-dex-featured-image.jpg","path":"crypto/storage/optimized/cex-vs-dex-featured-image.jpg","original_path":"crypto/storage/original/cex-vs-dex-featured-image.jpg","name":"cex-vs-dex-featured-image.jpg","original_name":"cex-vs-dex-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"33.99KB"},"youtube_video":null},{"slug":"crypto-day-trading","title":"Crypto Day Trading: The Difference Between Buying, Trading, and Swapping","featured_image_id":8449,"status":"published","chapter_id":3,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/crypto-day-trading","featured_image":{"id":8449,"uuid":"025c58f1-f0ec-46b9-a58c-3fdec43a4f4c","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/crypto-day-trading-featurd-image.jpg","path":"crypto/storage/optimized/crypto-day-trading-featurd-image.jpg","original_path":"crypto/storage/original/crypto-day-trading-featurd-image.jpg","name":"crypto-day-trading-featurd-image.jpg","original_name":"crypto-day-trading-featurd-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"36.23KB"},"youtube_video":null},{"slug":"kyc-crypto","title":"KYC & AML: The Key to Complying With Legal Industry Standards","featured_image_id":null,"status":"published","chapter_id":3,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/kyc-crypto","featured_image":null,"youtube_video":null},{"slug":"how-to-buy-crypto","title":"From Fiat to Crypto: How to Buy Crypto for the First Time","featured_image_id":8748,"status":"published","chapter_id":3,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-buy-crypto","featured_image":{"id":8748,"uuid":"fe81c05d-c3da-4d7d-a132-bdb04f1fae9b","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-buy-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-buy-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-buy-crypto-featured-image.jpg","name":"how-to-buy-crypto-featured-image.jpg","original_name":"how-to-buy-crypto-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"46.15KB"},"youtube_video":null},{"slug":"fiat-to-crypto","title":"Taking Profits: Turning Crypto Into Fiat","featured_image_id":8840,"status":"published","chapter_id":3,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/fiat-to-crypto","featured_image":{"id":8840,"uuid":"6d0b98da-7eb5-4b1e-bfb1-d95f0938f85c","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/fiat-to-crypto-featured-image.jpg","path":"crypto/storage/optimized/fiat-to-crypto-featured-image.jpg","original_path":"crypto/storage/original/fiat-to-crypto-featured-image.jpg","name":"fiat-to-crypto-featured-image.jpg","original_name":"fiat-to-crypto-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"44.02KB"},"youtube_video":null},{"slug":"how-to-use-crypto","title":"You’ve Got Crypto: What Can You Do With It?","featured_image_id":8932,"status":"published","chapter_id":3,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-use-crypto","featured_image":{"id":8932,"uuid":"2248685e-3fbf-41a8-80f5-39ea5ce54c4c","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-use-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-use-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-use-crypto-featured-image.jpg","name":"how-to-use-crypto-featured-image.jpg","original_name":"how-to-use-crypto-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"34.96KB"},"youtube_video":null}]},{"id":4,"title":"Crypto Wallets","slug":"crypto-wallets","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-wallets.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-wallets-101.jpg","rating":80,"sections":[{"slug":"what-is-a-crypto-wallet","title":"What is a Crypto Wallet?","featured_image_id":10090,"status":"published","chapter_id":4,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-crypto-wallet","featured_image":{"id":10090,"uuid":"8b3d3575-1a58-449e-8583-34a4b43d1d39","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-a-crypto-wallet-featured-image.jpg","path":"crypto/storage/optimized/what-is-a-crypto-wallet-featured-image.jpg","original_path":"crypto/storage/original/what-is-a-crypto-wallet-featured-image.jpg","name":"what-is-a-crypto-wallet-featured-image.jpg","original_name":"what-is-a-crypto-wallet-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"58.62KB"},"youtube_video":null},{"slug":"hot-wallet-vs-cold-wallet","title":"Hot Wallet VS Cold Wallet: Which One to Pick?","featured_image_id":9000,"status":"published","chapter_id":4,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/hot-wallet-vs-cold-wallet","featured_image":{"id":9000,"uuid":"bf04c205-f96c-41bf-86f7-a2672133734e","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/hot-wallet-vs-cold-wallet-featured-image.jpg","path":"crypto/storage/optimized/hot-wallet-vs-cold-wallet-featured-image.jpg","original_path":"crypto/storage/original/hot-wallet-vs-cold-wallet-featured-image.jpg","name":"hot-wallet-vs-cold-wallet-featured-image.jpg","original_name":"hot-wallet-vs-cold-wallet-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"57.52KB"},"youtube_video":null},{"slug":"non-custodial-wallet","title":"What are Non-Custodial Crypto Wallets?","featured_image_id":7608,"status":"published","chapter_id":4,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/non-custodial-wallet","featured_image":{"id":7608,"uuid":"cdbc87df-190b-4a52-92ed-674c981bfbb1","public_url":"https://assets.bitdegree.org/crypto/storage/media/non-custodial-wallet-featured-image.o.jpg","path":"crypto/storage/media/non-custodial-wallet-featured-image.o.jpg","original_path":"crypto/storage/media/non-custodial-wallet-featured-image.jpg","name":"non-custodial-wallet-featured-image.o.jpg","original_name":"non-custodial-wallet-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"119.46KB"},"youtube_video":null},{"slug":"what-is-metamask","title":"Metamask: The Leading Non-Custodial Wallet","featured_image_id":6436,"status":"published","chapter_id":4,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-metamask","featured_image":{"id":6436,"uuid":"07afcb69-dec3-477f-8b1c-a78a2f7c8892","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-metamask-626fdf70526cf.o.jpg","path":"crypto/storage/media/what-is-metamask-626fdf70526cf.o.jpg","original_path":"crypto/storage/media/what-is-metamask-626fdf70526cf.jpg","name":"what-is-metamask-626fdf70526cf.o.jpg","original_name":"what-is-metamask.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"87.47KB"},"youtube_video":null},{"slug":"how-safe-is-cryptocurrency","title":"The Key Crypto Wallet Safety Practices: How Safe Can Crypto Be?","featured_image_id":9338,"status":"published","chapter_id":4,"language":"en","order":37,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-safe-is-cryptocurrency","featured_image":{"id":9338,"uuid":"f5b1da8e-dee9-43ea-b6d7-f2f057a71090","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-safe-is-cryptocurrency-featured-image.jpg","path":"crypto/storage/optimized/how-safe-is-cryptocurrency-featured-image.jpg","original_path":"crypto/storage/original/how-safe-is-cryptocurrency-featured-image.jpg","name":"how-safe-is-cryptocurrency-featured-image.jpg","original_name":"how-safe-is-cryptocurrency-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"64.98KB"},"youtube_video":null}]},{"id":5,"title":"NFTs","slug":"nfts","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-nfts.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/nfts-101.jpg","rating":100,"sections":[{"slug":"what-are-nfts","title":"What are Non-Fungible Tokens (NFTs)?","featured_image_id":6396,"status":"published","chapter_id":5,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-are-nfts","featured_image":{"id":6396,"uuid":"8b724ac3-532b-441e-bf9c-58a6af704a7f","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-are-nfts.o.jpg","path":"crypto/storage/media/what-are-nfts.o.jpg","original_path":"crypto/storage/media/what-are-nfts.jpg","name":"what-are-nfts.o.jpg","original_name":"what-are-nfts.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"101.34KB"},"youtube_video":null},{"slug":"how-to-trade-nfts","title":"NFT Trading: The Ins and Outs","featured_image_id":9454,"status":"published","chapter_id":5,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-trade-nfts","featured_image":{"id":9454,"uuid":"d5997c2e-a079-4b01-8bf5-4d05a21b091e","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-trade-nfts-featured-image.jpg","path":"crypto/storage/optimized/how-to-trade-nfts-featured-image.jpg","original_path":"crypto/storage/original/how-to-trade-nfts-featured-image.jpg","name":"how-to-trade-nfts-featured-image.jpg","original_name":"how-to-trade-nfts-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"39.43KB"},"youtube_video":null},{"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","featured_image_id":9674,"status":"published","chapter_id":5,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/buying-nft","featured_image":{"id":9674,"uuid":"ae025989-e689-4ece-b472-3434080810fb","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/buying-nft-featured-image.jpg","path":"crypto/storage/optimized/buying-nft-featured-image.jpg","original_path":"crypto/storage/original/buying-nft-featured-image.jpg","name":"buying-nft-featured-image.jpg","original_name":"buying-nft-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"48.93KB"},"youtube_video":null},{"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","featured_image_id":9873,"status":"published","chapter_id":5,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-store-nft","featured_image":{"id":9873,"uuid":"23f1f793-d48c-4007-9d1b-9dea00fef356","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-store-nft-featured-image.jpg","path":"crypto/storage/optimized/how-to-store-nft-featured-image.jpg","original_path":"crypto/storage/original/how-to-store-nft-featured-image.jpg","name":"how-to-store-nft-featured-image.jpg","original_name":"how-to-store-nft-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"44.13KB"},"youtube_video":null},{"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","featured_image_id":10971,"status":"published","chapter_id":5,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-create-an-nft","featured_image":{"id":10971,"uuid":"264558fd-a505-4b94-9844-a73588ead5f2","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-create-an-nft-featured-image.jpg","path":"crypto/storage/optimized/how-to-create-an-nft-featured-image.jpg","original_path":"crypto/storage/original/how-to-create-an-nft-featured-image.jpg","name":"how-to-create-an-nft-featured-image.jpg","original_name":"how-to-create-an-nft-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"50.40KB"},"youtube_video":null},{"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","featured_image_id":6524,"status":"published","chapter_id":5,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-make-passive-money-with-nft","featured_image":{"id":6524,"uuid":"b32da80c-c3a6-4042-8a35-032e843e93c2","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-make-passive-money-with-nfts.o.jpg","path":"crypto/storage/media/how-to-make-passive-money-with-nfts.o.jpg","original_path":"crypto/storage/media/how-to-make-passive-money-with-nfts.jpg","name":"how-to-make-passive-money-with-nfts.o.jpg","original_name":"how-to-make-passive-money-with-nfts.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"109.46KB"},"youtube_video":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-dapps.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/dapps-defi-101.jpg","rating":80,"sections":[{"slug":"what-is-defi","title":"What is Decentralized Finance (DeFi)?","featured_image_id":6482,"status":"published","chapter_id":6,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-defi","featured_image":{"id":6482,"uuid":"fe6a90e2-dd9b-4fde-a73d-4bd54f28333a","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-defi-6270d5ef7b36a.o.jpg","path":"crypto/storage/media/what-is-defi-6270d5ef7b36a.o.jpg","original_path":"crypto/storage/media/what-is-defi-6270d5ef7b36a.jpg","name":"what-is-defi-6270d5ef7b36a.o.jpg","original_name":"what-is-defi.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"100.87KB"},"youtube_video":null},{"slug":"what-is-defi-2-0","title":"DeFi 2.0: The New Version of Decentralized Finance","featured_image_id":null,"status":"published","chapter_id":6,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-defi-2-0","featured_image":null,"youtube_video":null},{"slug":"what-are-dapps-in-crypto","title":"What Are dApps and How Do They Work?","featured_image_id":6512,"status":"published","chapter_id":6,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-are-dapps-in-crypto","featured_image":{"id":6512,"uuid":"5b01af79-3366-4b9a-bbc4-a1e6511c23c2","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-are-dapps-in-crypto.o.jpg","path":"crypto/storage/media/what-are-dapps-in-crypto.o.jpg","original_path":"crypto/storage/media/what-are-dapps-in-crypto.jpg","name":"what-are-dapps-in-crypto.o.jpg","original_name":"what-are-dapps-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"143.97KB"},"youtube_video":null},{"slug":"defi-dapps","title":"Picking the Right dApps: Dos and Don'ts","featured_image_id":11150,"status":"published","chapter_id":6,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/defi-dapps","featured_image":{"id":11150,"uuid":"bead04d0-c7ab-484a-9a26-c279078cdafa","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/defi-dapps-featured-image.jpg","path":"crypto/storage/optimized/defi-dapps-featured-image.jpg","original_path":"crypto/storage/original/defi-dapps-featured-image.jpg","name":"defi-dapps-featured-image.jpg","original_name":"defi-dapps-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"64.91KB"},"youtube_video":null},{"slug":"what-is-web-3-0","title":"Web 3.0: The Future of the Internet","featured_image_id":6395,"status":"published","chapter_id":6,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-web-3-0","featured_image":{"id":6395,"uuid":"1ba8aae1-7977-415b-9e73-f68ad1219405","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-web3.o.jpg","path":"crypto/storage/media/what-is-web3.o.jpg","original_path":"crypto/storage/media/what-is-web3.jpg","name":"what-is-web3.o.jpg","original_name":"what-is-web3.jpg","title":null,"alt":null,"width":768,"height":476,"disk":"spaces","status":"uploaded","readable_file_size":"103.80KB"},"youtube_video":null},{"slug":"what-are-smart-contracts","title":"What is the Core Purpose of Smart Contracts?","featured_image_id":6413,"status":"published","chapter_id":6,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-are-smart-contracts","featured_image":{"id":6413,"uuid":"ec3a5a7b-d00e-4273-bfcf-60fa52a33851","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-are-smart-contracts.o.jpg","path":"crypto/storage/media/what-are-smart-contracts.o.jpg","original_path":"crypto/storage/media/what-are-smart-contracts.jpg","name":"what-are-smart-contracts.o.jpg","original_name":"what-are-smart-contracts.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"103.94KB"},"youtube_video":null},{"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","featured_image_id":6502,"status":"published","chapter_id":6,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-dao-in-crypto","featured_image":{"id":6502,"uuid":"e58df8a9-b000-4267-91f3-bd0d697c8984","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-dao-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-dao-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-dao-in-crypto.jpg","name":"what-is-a-dao-in-crypto.o.jpg","original_name":"what-is-a-dao-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"79.33KB"},"youtube_video":null},{"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","featured_image_id":6498,"status":"published","chapter_id":6,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-staking-in-crypto","featured_image":{"id":6498,"uuid":"b76303ce-48b0-4c97-812d-cb2589859f47","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-staking.o.jpg","path":"crypto/storage/media/what-is-staking.o.jpg","original_path":"crypto/storage/media/what-is-staking.jpg","name":"what-is-staking.o.jpg","original_name":"what-is-staking.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"258.60KB"},"youtube_video":null},{"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","featured_image_id":6488,"status":"published","chapter_id":6,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-liquidity-pool-in-crypto","featured_image":{"id":6488,"uuid":"2fc1d0cc-8577-43c0-bc7d-f00a6291caea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-liquidity-pool-6270dd6a4c693.o.jpg","path":"crypto/storage/media/what-is-liquidity-pool-6270dd6a4c693.o.jpg","original_path":"crypto/storage/media/what-is-liquidity-pool-6270dd6a4c693.jpg","name":"what-is-liquidity-pool-6270dd6a4c693.o.jpg","original_name":"what-is-liquidity-pool.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"108.86KB"},"youtube_video":null},{"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","featured_image_id":null,"status":"published","chapter_id":6,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-automated-market-maker","featured_image":null,"youtube_video":null},{"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming Techniques","featured_image_id":6528,"status":"published","chapter_id":6,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-yield-farming-in-crypto","featured_image":{"id":6528,"uuid":"bc531000-9b52-4db5-93fc-80d3317a660d","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-yield-farming-in-crypto.o.jpg","path":"crypto/storage/media/what-is-yield-farming-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-yield-farming-in-crypto.jpg","name":"what-is-yield-farming-in-crypto.o.jpg","original_name":"what-is-yield-farming-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"184.57KB"},"youtube_video":null},{"slug":"what-is-an-oracle-in-crypto","title":"Crypto Oracles: The Link Between Blockchain and Outside World Data","featured_image_id":10249,"status":"published","chapter_id":6,"language":"en","order":12,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-an-oracle-in-crypto","featured_image":{"id":10249,"uuid":"035b2dde-8494-4742-9b7e-4b442aff7955","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-an-oracle-in-crypto-featured-image.jpg","path":"crypto/storage/optimized/what-is-an-oracle-in-crypto-featured-image.jpg","original_path":"crypto/storage/original/what-is-an-oracle-in-crypto-featured-image.jpg","name":"what-is-an-oracle-in-crypto-featured-image.jpg","original_name":"what-is-an-oracle-in-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"53.26KB"},"youtube_video":null},{"slug":"crypto-gambling","title":"The Peculiarities of Decentralized Crypto Gambling","featured_image_id":9901,"status":"published","chapter_id":6,"language":"en","order":13,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/crypto-gambling","featured_image":{"id":9901,"uuid":"60ea4f3a-9576-4004-aa96-619dc96e4319","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/crypto-gambling-featured-image.jpg","path":"crypto/storage/optimized/crypto-gambling-featured-image.jpg","original_path":"crypto/storage/original/crypto-gambling-featured-image.jpg","name":"crypto-gambling-featured-image.jpg","original_name":"crypto-gambling-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"61.02KB"},"youtube_video":null},{"slug":"what-is-the-metaverse","title":"Metaverse: A New Perception of Reality","featured_image_id":6411,"status":"published","chapter_id":6,"language":"en","order":14,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-the-metaverse","featured_image":{"id":6411,"uuid":"fad79626-bbf1-4fc0-9e99-bde5597c1bc7","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-metaverse.o.jpg","path":"crypto/storage/media/what-is-metaverse.o.jpg","original_path":"crypto/storage/media/what-is-metaverse.jpg","name":"what-is-metaverse.o.jpg","original_name":"what-is-metaverse.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"88.15KB"},"youtube_video":null}]},{"id":7,"title":"Trading & Investing","slug":"trading-and-investing","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-trading.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-trading-101.jpg","rating":80,"sections":[{"slug":"where-to-trade-crypto","title":"Where Can You Trade Cryptocurrencies?","featured_image_id":10342,"status":"published","chapter_id":7,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/where-to-trade-crypto","featured_image":{"id":10342,"uuid":"0bd8d78a-9423-48ee-9161-34dc1872b97c","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/where-to-trade-crypto-featured-image.jpg","path":"crypto/storage/optimized/where-to-trade-crypto-featured-image.jpg","original_path":"crypto/storage/original/where-to-trade-crypto-featured-image.jpg","name":"where-to-trade-crypto-featured-image.jpg","original_name":"where-to-trade-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"85.96KB"},"youtube_video":null},{"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","featured_image_id":10729,"status":"published","chapter_id":7,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-invest-in-crypto","featured_image":{"id":10729,"uuid":"3439a1db-9892-404a-b4b6-a1db5a34bca4","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-invest-in-crypto-featured-image.jpg","name":"how-to-invest-in-crypto-featured-image.jpg","original_name":"how-to-invest-in-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"75.22KB"},"youtube_video":null},{"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","featured_image_id":11310,"status":"published","chapter_id":7,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/ico-vs-ido","featured_image":{"id":11310,"uuid":"315e8a2b-93a1-4870-be48-a2a09d801663","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/ico-vs-ido-featured-image.jpg","path":"crypto/storage/optimized/ico-vs-ido-featured-image.jpg","original_path":"crypto/storage/original/ico-vs-ido-featured-image.jpg","name":"ico-vs-ido-featured-image.jpg","original_name":"ico-vs-ido-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"64.39KB"},"youtube_video":null},{"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","featured_image_id":11359,"status":"published","chapter_id":7,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-an-airdrop","featured_image":{"id":11359,"uuid":"7b43c968-1275-4d3e-acb1-1707a43a4014","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","path":"crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","original_path":"crypto/storage/original/what-is-an-airdrop-featured-image.jpg","name":"what-is-an-airdrop-featured-image.jpg","original_name":"what-is-an-airdrop-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"66.05KB"},"youtube_video":null},{"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-arbitrage-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","featured_image_id":6526,"status":"published","chapter_id":7,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-crypto-taxes","featured_image":{"id":6526,"uuid":"1e44162c-ef1d-4010-81b4-9e8d1809aedf","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","path":"crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","original_path":"crypto/storage/media/how-to-avoid-crypto-taxes.jpg","name":"how-to-avoid-crypto-taxes.o.jpg","original_name":"how-to-avoid-crypto-taxes.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"99.10KB"},"youtube_video":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":27,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Anti-Dump/Anti-Dumping Policy?","slug":"what-is-anti-dump-anti-dumping-policy","section":"A","keyword":"Anti-Dump/Anti-Dumping Policy","status":"published","definition":"The anti-Dumping policy prevents investors from falling into the pump-and-dump scheme.","content":"<p>There is a form of fraud referred to as the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-pump-and-dump-pandd-scheme/">pump-and-dump scheme. It takes place by fraudsters luring innocent investors into purchasing an asset that is based on false information. Therefore, the anti-dumping policy is a way of saving investors from falling into the scheme.</p>\n<p>To be exact, the scenario of when a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-whale/">whale (a person that holds a large number of specific cryptocurrencies) purchases a lot of tokens with the goal that the price will significantly increase resulting in him gaining a profit by selling everything at once, is called dumping.</p>\n<p>A great example of this is the Squid Game token, which was created after the show. It skyrocketed to <strong>14,300%</strong> in the span of one week and dropped to zero in a few seconds. To put things into perspective, the creators had a malicious plan in mind - once you bought the token, it&rsquo;s impossible to sell it as a result of the anti-dumping policy.</p>\n<p>The developers earned approximately $12 million, while everyone else was left with nothing.</p>\n<p>It can be tempting to take your chances and invest, nevertheless, to ensure that you won&rsquo;t end up like the ones that purchased Squid Game tokens, you must follow some regulations.</p>\n<p>For instance, you need to be alert if any social media groups indicate that a pump should take place soon. These individuals might be directing the pump, therefore, it might be a pump-and-dump scheme.</p>\n<p>Another thing is - don&rsquo;t take drastic measures. <strong>Don&rsquo;t invest an amount you can&rsquo;t lose,</strong> everything might not go the way you expected. So, make sure that your investment won&rsquo;t become a major problem.</p>\n<p>Lastly, make smarter investment decisions by having professional guidance. You can do your own investigating, but if preferred, there are always people that could help. But be cautious of the influencers who tend to promote a particular token out of nowhere.</p>\n<p>Other rules, such as buybacks, exist. Buybacks contribute to a reduction in the number of tokens in circulation over time. The overarching trend is for token prices to rise, resulting in increased anticipation. Nexo, <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance</strong></a>, and other projects are known to use a buyback policy.</p>\n<p><em>Following an incident, Nexo chose to limit the number of project tokens in circulation, which greatly aided in boosting the market price.</em></p>\n<p>Furthermore, there are tokens that work differently. As an example, DrunkDoge controls price volatility since whales are unable to buy or sell large amounts of tokens in a single transaction. To discourage excessive currency dumping, it has bigger taxes and an anti-dumping regulation that imposes a 1/2/6 hour cooling-off.</p>\n<p>To keep whales out of THUDERCAKE environment and to prevent dumping the token, it has a few regulations. For instance, <strong>it is forbidden to sell more than 0.1 percent of the entire quantity of tokens</strong>.&nbsp;</p>\n<p>Furthermore, THUNDERCAKE token buy orders can&rsquo;t go over 0.5 percent of the total supply.</p>","level":"medium","meta_title":"What is Anti-Dump/Anti-Dumping Policy? Definition & Meaning | Crypto Wiki","meta_description":"Anti-Dump/Anti-Dumping Policy meaning: Anti-Dump/Anti-Dumping Policy - The anti-Dumping policy prevents investors from falling into the pump-and-dump scheme.","meta_keywords":null,"language":"en","created_at":"2022-02-10T14:08:23.000000Z","updated_at":"2022-05-13T14:32:22.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-anti-dump-anti-dumping-policy"},"prevSection":{"id":25,"original_id":null,"author_id":41,"translator_id":null,"title":"What are Algorithmic Market Operations (AMOs)?","slug":"what-are-algorithmic-market-operations-amos","section":"A","keyword":"Algorithmic Market Operations (AMOs)","status":"published","definition":"operations that automatically manage the supply of algorithmic stablecoins. They control the collateral ratio, improve scalability, decentralization, and transparency of the stablecoins.","content":"<p>There are four primary types of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-stablecoin/">stablecoins: fiat-backed, crypto-backed, commodity-backed, and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-algorithmic-stablecoin/">algorithmic. The <strong>first three categories</strong> can be considered <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-collateralized-stablecoin/">collateral stablecoins</strong></a>. As the names imply, these coins are backed by fiat, crypto, and on-chain tokens. These tokens can be <strong>redeemed</strong> or swapped.</p>\n<p>One of the best-known biggest collateralized stablecoins is <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-tether-usdt/">Tether (USDT)</strong></a>. The value of one tether is pegged to the value of one US dollar. It is currently the most used stablecoin in the market. Its market cap, or total market value, is recorded at $82 billion as of <strong>April 2022</strong>.</p>\n<p>The supply of collateralized stablecoins is manually regulated by regularly <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-minting/">minting and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-burning/">burning the cryptocurrency, thus increasing or <strong>decreasing</strong> it.</p>\n<p>Algorithmic stablecoins are cryptocurrencies that use an <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-algorithm/">algorithm to regulate the supply. These algorithms are known as market operation modules, or algorithmic market operations (AMOs). AMOs enable scalability while maintaining decentralization and transparency. One of the longest-running algorithmic stablecoins is <strong>Ampleforth (AMPL)</strong>.</p>\n<p>An AMO solution can help a stablecoin reach the growth and size requirements for cryptocurrency adoption. Thanks to AMOs, a centralized team is not needed to make in-house decisions. Instead, decision-making is done by using <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</strong></a>, which reduce the risk of human error and market manipulation.</p>\n<p>Algorithmic market operations have three core features:</p>\n<ul>\n<li>Decollateralization - the collateral ratio is automatically decreased;</li>\n<li>Recollateralization - the collateral ratio is automatically increased;</li>\n<li><strong>Market operations</strong> - the part of the strategy that does not affect the collateral ratio.</li>\n</ul>\n<p>If the price of the algorithmic stablecoin ever goes above its pegged value, the collateral ratio is automatically lowered. The supply then expands and the AMO controllers proceed as normal. This way, the value of the stablecoin maintains the balance.</p>\n<p>If the collateral ratio drops too low and the stablecoin falls below the pegged value, the AMO runs the recollateralization. That way, the collateral ratio is brought back up, and the value is once again kept stable.</p>\n<p>An AMO can be built following the general specifications of anyone who wants to maintain an algorithmic stablecoin. Algorithmic stablecoins can <strong>perpetually increase or decrease the circulation</strong> of their tokens thanks to algorithmic market operations or the algorithms programmed in their smart contracts.</p>\n<p>This makes the capital of algorithmic stablecoins efficient. Additional coins are automatically minted if the price rises and the excess is burned&nbsp;if the value sinks. Having this system in place means there is no need for collateral backing.</p>","level":"medium","meta_title":"What are Algorithmic Market Operations (AMOs)? Definition & Meaning | Crypto Wiki","meta_description":"Algorithmic Market Operations (AMOs) meaning: Algorithmic Market Operations (AMOs) - operations that automatically manage the supply of algorithmic stablecoins. They control the collateral ratio, improve scalability, decentralization, and transparency of the stablecoins.","meta_keywords":null,"language":"en","created_at":"2022-02-10T14:01:24.000000Z","updated_at":"2022-05-13T14:32:22.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-are-algorithmic-market-operations-amos"},"currentChapter":"A","currentSection":"what-is-annual-percentage-yield-apy","chapterTitle":"A","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-annual-percentage-yield-apy","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter A

What is Annual Percentage Yield (APY)?

Annual Percentage Yield (APY) MEANING:
Annual Percentage Yield (APY) - the rate of return on investment that takes into account the effects of compounding interest.
Easy
1 minute

Let's find out Annual Percentage Yield (APY) meaning, definition in crypto, what is Annual Percentage Yield (APY), and all other detailed facts.

The annual percentage yield (APY) is basically the rate of return that is obtained on investment, keeping in mind that there are effects of compounding interest. Moreover, it can act as a cryptocurrency reserves account, just like the annual percentage rate.

Before entering the crypto yield programs it is mandatory to do brief research since there are different interest-earning procedures, types of crypto assets, fees, and entry barriers.

Furthermore, promotional APYs are offered by crypto exchanges, but you should be cautious before investing in them. There is a possibility that a few of these programs employ the technique of first giving higher APYs to attract consumers and then lowering the rates after enough customers have been captured. 

Keeping that in mind, if you see a yield farming platform that provides high APYs, make sure to evaluate its reputation. Nonetheless, cryptocurrency savings accounts with annual percentage yield (APY) is a valuable tool to have for investors if chosen carefully.

Moreover, the annual percentage rate (APY) is a way of calculating how much money was gained in a year on a money market profile. It can also be a way of discovering how interest rates increase over time. This can be referred to as compounding interest.

As an example, you can stock your Ethereum and receive a defined rate of return over a set length of time.

Compounding interest normally indicates that the money you placed into the account and the interest that has accrued have resulted in a certain amount being received. An essential tool of investment is the possibility to earn money, and the compound interest makes sure it's doable.

 
Prev Section
All Crypto Terms
Next Section