An accounting entry that results in either an increase in assets or a decrease in liabilities.
A debit is an accounting entry that either increases an asset or expense account or decreases a liability or equity account. It is positioned on the left side in an accounting entry. In the context of cryptocurrencies, a debit may refer to the increase of cryptocurrencies in a wallet or a decrease in liabilities related to digital assets.
Recording a debit in an accounting ledger for a Bitcoin payment received.