Reconciliation in the crypto context is the process of comparing and adjusting transaction records recorded on a blockchain or exchange with the internal records of an entity, such as a company or trader. The aim is to ensure accuracy and consistency between the data of transactions made on the blockchain platform or network and the records held by the entity. The reconciliation process involves matching transactions, balances, and other details to ensure that no errors or loss of funds occur during the transaction process in the crypto world.