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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 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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":591,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Pegged Currency?","slug":"what-is-pegged-currency","section":"P","keyword":"Pegged Currency","status":"published","definition":"describes the process by which a country links or pegs its exchange rate to another currency, group of currencies, or other monetary indexes.","content":"<p><strong>Pegged</strong> currency, also referred to as currency pegging, refers to the process through which a country attaches or pegs its exchange rate to another currency, bundle of currencies, or another indicator of worth. As a result, it's often known as a fixed exchange rate.</p>\n<p>Pegging is something that is utilized to <strong>give structure to a currency</strong> by targeting its value at a predefined ratio in order to add a unique and more stable currency.</p>\n<p>When it comes to pegged money in the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">
cryptocurrency world, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-stablecoin/">
stablecoins are the current type of pegging. A stablecoin is a cryptocurrency whose value is tied to a real-world asset, such as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">
fiat money. </p>\n<p>There are numerous initiatives that use stablecoins, and they serve a crucial purpose in an industry that is recognized for its significant price fluctuation. Stablecoins make it simple to transfer crypto coins into fiat currency. Stablecoins can also help to tackle <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-liquidity/">
liquidity problems on <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-exchange/">
cryptocurrency exchanges</strong></strong></a>, and the technology can pave the way for new financial services, like loans and insurance, to be introduced inside the cryptocurrency ecosystem.</p>\n<p>Moreover, a pegged currency has advantages because it is a necessary foundation for a government that wants to maintain legitimacy and consistency in monetary policy, which is particularly important in impoverished and unstable countries.</p>\n<p>Besides, companies can obtain a strategic advantage in international markets over competitors that incur currency risk. Countries that do not implement currency pegs, on the other hand, are vulnerable to foreign influence, which leads to trade disparities where automatic exchange rate adjustments may be hard to achieve. A modest divergence from the norm might also result in severe anticipatory attacks.</p>","level":"easy","meta_title":"What is Pegged Currency? Definition & Meaning | Crypto Wiki","meta_description":"Pegged Currency meaning: Pegged Currency - describes the process by which a country links or pegs its exchange rate to another currency, group of currencies, or other monetary indexes.","meta_keywords":null,"language":"en","created_at":"2022-03-24T15:16:53.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-pegged-currency"},"prevSection":{"id":589,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Paper Wallet?","slug":"what-is-paper-wallet","section":"P","keyword":"Paper Wallet","status":"published","definition":"is essentially a piece of paper that contains a user's private and public keys.","content":"<p>A paper wallet is a <strong>sheet of paper</strong> that has the user's <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-private-key-secret-key/">private and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-key/">public keys</strong></a>. Or, in other words, a physical storage system. Cryptocurrencies are <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-digital-asset/">digital assets</strong></a>, so a paper wallet provides them with a <strong>system to securely keep unique keys to users' virtual funds</strong>. Besides, the keys can be maintained in their alphanumeric raw form or printed as a QR code. </p>\n<p><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">Wallet generators provide unique public and private keys that are generated at <strong>random</strong>. However, despite the fact that paper wallets are <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cold-storage/">cold storage devices</strong></a>, they also pose a number of concerns.</p>\n<p>For example, the paper might be destroyed or lost. Moreover, the printer's paper and ink quality could also have an influence on the readability of the keys, especially if they are stored for an extended length of time. Factors such as water, <strong>fire</strong>, or air moisture can potentially cause harm to the paper wallet. </p>\n<p>Furthermore, difficulties may develop if the wallet-generating software is updated and fails to recognize the format of the previous paper wallet. Though there are also “<strong>steel wallets</strong>” out there that are fire-resistant and should last a very long time.</p>\n<p>Since paper wallets are not connected to the internet, they were once thought to be safer than other kinds of virtual funds storage.</p>\n<p>Note that cryptocurrencies like <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin and <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum have both – public and private keys.</p>\n<p>For instance, a public key operates in the same way as a public email address and can be publicly disclosed to enable others to deposit it. However, it <strong>permits others from accessing BTC</strong> in your account. Speaking of private keys, they operate like vulnerable passwords and provide the holder with the possibility to access and exchange the funds.</p>\n<p>Despite the fact they are especially safe if they are placed in a safe spot, paper wallets are <strong>not as popular as they used to be</strong> as a result of upgrades in cryptocurrency storage technology.</p>\n<p>If you were to create a paper wallet, you would need a credible paper wallet generator. Nevertheless, make sure not to create a paper wallet from an electronic source because you can leave a digital footprint that might be used by hackers later on.</p>\n<p>The easiest approach to creating a paper wallet is to write down your recovery <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-seed-phrase/">seed phrase</strong></a> or the private key from your screen or device. Though check it at least twice, and then hide it in a secure place. This is something that can be accomplished in both <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-software-wallet/">software and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hardware-wallet/">hardware wallets.","level":"medium","meta_title":"What is Paper Wallet? Definition & Meaning | Crypto Wiki","meta_description":"Paper Wallet meaning: Paper Wallet - is essentially a piece of paper that contains a user's private and public keys.","meta_keywords":null,"language":"en","created_at":"2022-03-24T15:11:39.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-paper-wallet"},"currentChapter":"P","currentSection":"what-is-payee","chapterTitle":"P","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-payee","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter P
What is Payee?
Payee MEANING:
Payee -
is a party that receives money in a transaction involving goods or services.
Let's find out Payee meaning, definition in crypto,
what is Payee,
and all other detailed facts.
In a transaction involving products or services, a payee is a party that receives money. A payer pays the payee with cash, cheque, or another sort of transfer medium. The payer receives specific items or services in exchange. The bill of exchange includes the payee's name, which normally refers to a real person or an organization such as a corporation, trust, or guardian.
There will always be a party that involves the products or services and a party that gets the products or services in any type of transaction. To get products or services, a buyer must supply value, or an exchange value, which is usually money to the payee. It might be a cryptocurrency as well.
Currently, in a banking situation, the payee must have an active account that is in good standing and through which the funds can be transferred by the partaker himself. Though this is the case when the transaction is paid not in cash.
Then there's the promissory note, in which one party guarantees to pay another party a fixed quantity. In this case, the person receiving the money is referred to as the payee. The buyer is also aware of who carries out the payment.
Note that payees can be more than one party, which is common in electronic transfers when an individual withdraws money from a payer's account and ends up splitting it into a variety of distinct payee designations.
