Cardano's native token ADA is currently trading over 66% below its all-time high set…
The post ADA sinks below $1.00 after market sell-off knock...
Cardano's native token ADA is currently trading over 66% below its all-time high set…
The post ADA sinks below $1.00 after market sell-off knocks off accrued gains appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.
In 2021, the worldwide crypto market capitalization surpassed $3 trillion, with lots of space for further expansion. Web 3.0 emerged as one of the ne...
In 2021, the worldwide crypto market capitalization surpassed $3 trillion, with lots of space for further expansion. Web 3.0 emerged as one of the new buzzwords in the crypto industry after the metaverse grabbed the internet by storm. While web 1.0 and web 2.0 aided in the growth of the internet, web 3.0 is more adventurous and focused on decentralization by giving users the ability to control their data. But, exactly, What is Web 3.0, and which are the best web 3.0 crypto coins to buy in 2022
Let’s jump right in!
Web 3.0 is one of the newest buzzwords for the internet's next major evolution. Web 1.0 took place between 1990 - 2004, when the majority of websites were static and created by corporations. During this period, many who recognized an opportunity purchased domain names with the intention of selling them later at a higher price to enterprises in need of these domains.
Web 2.0 was the period of social media and user-generated content. Users are encouraged to communicate and connect using social media platforms such as blogs, vlogs, and social media, which have since become popular. The transition results in a greater amount of content creation with the majority of data controlled by a smaller set of tech behemoths such as Google, Microsoft, and Facebook. This also led to the topic of whether or not the user's privacy is secure?
Web 3.0 focuses on decentralization, which is driven by the concept of peer-to-peer internet solutions, in which users have a choice over how their data is utilized. Web 3.0 is expected to improve data openness and content accessibility by depending on blockchain technology, as various applications and services begin to use blockchain technology, metaverse, and artificial intelligence (AI). The adoption of this technology helps to eliminate the need for a centralized authority to store data and helps to maintain security through widespread consensus. Essentially, Web 3.0 seeks to re-establish control in the hands of individuals – its users — rather than large corporations.
According to Web 3.0, user interactivity and scalability are critical to facilitating user operations. To be really useful, Web 3.0 must satisfy three key features: decentralization, scalability, and security. The development of NFTs, in which users engage with one another through virtual reality technology, demonstrates the interoperability of Web 3.0 and Metaverse, while Web 3.0 facilitates trade and communication.
Because Web 3.0 is a collection of apps on a decentralized platform, interoperability can be achieved by connecting apps with the metaverse concept. Decentraland MANA, for example, provides an open link enabling a global network of users to administer a shared virtual environment by purchasing and selling digital real estate. To begin, users must buy LAND to identify ownership of their land, which represents their digital real estate. The MANA, on the other hand, is used to facilitate the purchase of LAND and products in Decentraland. The marketplace allows users to swap LAND tokens and simplifies user interactions to transact in-game items.
Market Cap: $3.2B
Theta is similar to Airbnb for video streaming. On this Platform, viewers earn rewards for sharing extra bandwidth and computing resources. According to Steve Chen, co-founder of YouTube, Theta will disrupt the online video industry in the same manner that YouTube did in 2005, but in a different way. Theta solves the problem of delivering video to specific portions of the world by lowering costs while maintaining quality. As Theta feels it is critical to delivering high-quality streaming to all users.
When users share their bandwidth and computational resources, they are rewarded with the Theta Fuel token (TFUEL). The normal Theta token (THETA) is tied to the platform's governance. Another advantage of Theta is that it is an open-source platform, which allows for community innovation. Proof of stake (PoS) and multi-level Byzantine fault tolerance (BFT) consensus mechanisms are used to protect the network.
Market Cap: $2.0B
Helium is a decentralized wireless network. It enables Internet of Things (IoT) devices to connect to the Internet wirelessly and geolocate themselves without the need for satellite positioning hardware or cellular plans.
HNT is the native token of the network, which is powered by a blockchain. This token encourages a two-way marketplace between service providers and users.
Hotspots combine a wireless gateway with a miner to offer network coverage within a specific radius. HNT is mined by hotspots as well. Helium employs a consensus technique known as proof-of-coverage.
Market Cap: $21.3B
Polkadot is a decentralized project that provides a Layer 0 solution known as "Relay Chain," which is known to boost scalability, as well as a Layer 1 solution known as "Parachain," which functions as a bridge between chains.
Gavin Wood, the Co-founder of Ethereum, launched Polkadot. Its native coin, DOT, is used for governance and in parachain slot auctions. There are just a few parachain spaces available in Polkadot. Developers compete in auctions to acquire the privilege to build on Polkadot by locking up DOT tokens.
Market Cap: $4.0B
Filecoin (FIL) is a decentralized marketplace for cloud storage. A wide number of storage providers and developers power the network, which assists organizations and projects in finding cost-effective, decentralized, and secure data storage solutions. Filecoin is commonly used for the storing of big archives, NFTs, and frequently accessed data.
The majority of storage providers on the Filecoin network have "committed" to providing data center resources by investing in hardware and depositing collateral to ensure service quality, data availability, and long-term data reliability. Its native token, FIL, is used to pay storage providers for data storage and retrieval.
Market Cap: $6.7B
Chainlink is a decentralized oracle network that relays data to smart contracts, allowing contracts to be executed using real-world inputs and outputs. Sergey Nazarov and Steve Ellis launched the network in 2017. It swiftly became the market leader in the blockchain oracle area.
Web3, which is structured and maintained by pre-written programs and smart contracts, relies on Oracle networks like Chainlink to function. Users can create decentralized oracle networks (DONs) on Chainlink to distribute data to and from current blockchains while also ensuring data accuracy.
Its native token, LINK, is used to reward Chainlink node operators for fetching data from off-chain data feeds for smart contracts, converting data into blockchain-readable forms, off-chain computing, and uptime guarantees provided by operators. Chainlink is also developing a robust staking mechanism for its network.
Market Cap: $542.7M
Sia is a blockchain-based decentralized cloud storage platform that allows users to lease excess storage space on the network. Smart contracts are used to facilitate network transactions. The native token of the blockchain SC (Siacoin) is the currency used to pay for data storage on the network.
Sia's initial whitepaper said that the network's purpose was to compete with established storage solutions such as Amazon, Google, and Microsoft. Because of its decentralized nature, Sia has an advantage over its competitors in terms of storage rates.
Market Cap: $808.4M
Audius is a music streaming platform that aims to provide everyone with the freedom to distribute, monetize, and stream any audio content.
The native token, AUDIO, enables network security, unique feature access, and community-owned governance.
Musicians can use Audius to publish their songs and establish a fan following. When artists stake AUDIO, they gain access to badges and artist tokens, as well as voting power from their followers. Audius is supported by artists such as 3LAU,deadmau5, Rezz, and the Stafford Brothers. This platform provides 320 kbps high-quality audio streaming.
The Audius project has announced a partnership with TikTok, a streaming platform, with plans to integrate stablecoin on the network in the future to enable sponsored content.
Market Cap: $2.5B
The graph is an important decentralized protocol. In the DeFi world, the goal is to introduce a trustworthy decentralized public infrastructure to the mainstream market. It enables network users to create and publish an application programming interface (API), which is a workflow process that conceals complex code behind a simple API.
APIs are subgraphs in graph protocols, and they employ a specific query to retrieve data from a blockchain. The graph token (GRT) is used by graph network participants to secure the network's economic security. GRT is a work token that enables a community of stakeholders to deliver network indexing and curation services.
Market Cap: $1.5B
Arweave describes itself as a jointly owned hard drive that never forgets. It allows for permanent data storage for a one-time fee.
Arweave (AR) is a decentralized storage network that allows for indefinite data storage. At its core is the ‘permaweb’ — a permanent, decentralized web with applications and platforms such as UI hosting, database writes and queries, and smart contracts.
The network employs blockweave technology, a blockchain variant that connects a new block not just to the previous one but also to a random preceding block. Coinbase Ventures, Andreessen Horowitz, and Union Square Ventures have all invested in the network.
Market Cap: $950.5M
The purpose of this platform is to power global financial systems. Kadena offers more secure smart contracts, as well as unique energy efficiency and PoS security. Unlike many other platforms, Kadena continues to utilize the same amount of energy as network demand grows. It can handle up to 480,000 transactions per second (TPS) due to the usage of braided chains. The protocol scales to larger processing powers as additional chains are added.
The KDA token is used to process transactions on the Kadena blockchain. There are 1 billion KDA in total, which will be mined during a 120-year period.
Sign up for a free CoinStats trading account to invest in web 3.0 coins with a credit or debit card. To buy any web 3.0 coins listed above with the CoinStats app, follow the steps listed below:
Web 3.0 coins, metaverse coins, and NFTs are some of the biggest opportunities in the crypto market for 2022 and the years ahead. The internet is becoming increasingly decentralized, with artificial intelligence and virtual reality being integrated into the experience. More people are also adopting blockchain technology.
We feel the 10 tokens listed above are the best tokens you can invest in right now if you want to promote Web 3.0 and the crypto market while also giving yourself a chance to make a lucrative profit.
Investment Advice Disclaimer: The information contained on this website is provided to you solely for informational purposes and does not constitute a recommendation by CoinStats to buy, sell, or hold any securities, financial product, or instrument mentioned in the content, nor does it constitute investment advice, financial advice, trading advice, or any other type of advice.
Cryptocurrency is a highly volatile market and sensitive to secondary activity, do your independent research, obtain your own advice, and only invest what you can afford to lose. There are significant risks involved in trading CFDs, stocks, and cryptocurrencies. Between 74-and 89% of retail investor accounts lose money when trading CFDs. You should consider your circumstances and obtain your advice before making any investment. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant regulators’ websites.
Blockchain.com, a crypto/bitcoin wallet and exchange company, announced today the official launch of margin trading on the Blockchain.com Exchange. Ma...
Blockchain.com, a crypto/bitcoin wallet and exchange company, announced today the official launch of margin trading on the Blockchain.com Exchange. Margin trading is currently supported for Gold-verified users and is not currently available for users in the US, UK, Canada, Japan, Germany, Austria, Italy, France, The Netherlands, and other select countries. For now, the margin trading product […]
The post Blockchain.com Exchange launches BTC/USD margin trading with 5x leverage appeared first on CryptoNinjas.
The crypto market was reeking of volatility. Bitcoin [BTC], Cardano [ADA], and an array of coins were being subject to the constant fluctuations betwe...
Cardano recently dropped to the 6th position in the market as the monthly candle for November 2021 is up by nearly 8%. The previous months haven’...
CoinZoom, the well-established cryptocurrency exchange, just announced that it is adding both Tron and a TRC20 version of Tether to its exchange. Both...
CoinZoom, the well-established cryptocurrency exchange, just announced that it is adding both Tron and a TRC20 version of Tether to its exchange. Both of these tokens will be fully tradable, and also offer great yields. In addition to trading in more than 40 cryptos, CoinZoom also offers its clients the ability to gain from their [...]
The post CoinZoom Adds Tron & TRC20 Tether for Trading & Yields appeared first on Blockonomi.
For the second time in two weeks, Bitcoin has fallen below $40k, this time…
The post Crypto market sees red ahead of weekend – Bitcoin and Eth...
For the second time in two weeks, Bitcoin has fallen below $40k, this time…
The post Crypto market sees red ahead of weekend – Bitcoin and Ether down more than 7.50% on the day appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.
EMURGO, the official commercial arm of the Cardano blockchain, today announced the launch of a new Cardano ecosystem investment vehicle to invest in e...
EMURGO, the official commercial arm of the Cardano blockchain, today announced the launch of a new Cardano ecosystem investment vehicle to invest in early startup and growth-stage companies focused on building socially impactful solutions powered by Cardano. As wholly-owned subsidiaries of parent company EMURGO, this new Cardano investment vehicle will be two separate entities, EMURGO […]
The post EMURGO launches new $100M investment vehicle to bolster Cardano ecosystem appeared first on CryptoNinjas.
eToro is a leading multi-asset social investment platform, providing financial and copy-trading services globally. It offers a unique social trading ...
eToro is a leading multi-asset social investment platform, providing financial and copy-trading services globally. It offers a unique social trading feature, letting traders copy the experienced investors' trades or share their own trading strategies to receive exclusive perks.
Launched in 2007, Toro has developed from trades in foreign exchange to commodities, indices, stocks, etc. Today, eToro is a highly competitive cryptocurrency exchange with the crypto trading platform eToroX and a crypto wallet.
Read on to learn everything you need to know about the key features of eToro, its pros and cons, and how to buy cryptocurrency on eToro in a few simple steps.
Let's jump right in!
eToro was founded by Yoni Assia, Ronen Assia, and David Ring in 2007 in Tel Aviv, Israel, with offices in Cyprus, the United Kingdom, the United States, and Australia. Assia is still the company's CEO.
eToro, the world's leading social investment platform with innovative trading and investment tools, lets millions of users in 140 countries trade currencies, commodities, crypto-assets, stocks, and indices. It offers a USD investment option with mobile and web trading services in 21 languages.
The eToro trading platform has a straightforward pricing structure and offers a wide selection of digital assets that can be combined in the same account as stock investing. It lets users build a portfolio of cryptocurrencies, commodities, EFTs, CFDs, etc.
eToro offers a user-friendly interface with beginner-friendly tools and extensive capabilities for more experienced traders. Users can trade on the web version or the mobile app once they set up an account.
However, the platform's added features like CopyTrade and user interaction set it apart from its competitors.
Users can deposit fiat currency from a debit card or bank account to start trading through eToro's web-based platform and mobile app.
The guidelines below will explain the process of purchasing cryptocurrency on eToro.
Go to eToro.com and click "Join Now" to create your eToro account and start investing in cryptocurrency. On the next page, choose an email ID, create a strong password, and fill in your personal information, such as your name, zip code, birthday, and phone number.
You must then verify your account by uploading proof of identity and proof of address.
Upload proof of address and identity to authenticate your account. Your proof of address can be any bill, bank statement, government tax letter, or government-issued social insurance statement. Your proof of identity can be any government-issued ID card or passport that displays your full name, date of birth, and photograph, with a valid expiry date.
The eToro staff will complete the account verification procedure within 24 hours.
eToro requires a minimum deposit of $10 when you open a new eToro account. You can pay by credit or debit card (Visa or Mastercard), PayPal, Neteller, Skrill, Rapid Transfer, Klarna, Przelewy 24, POLi, or iDeaL. You can also pay by bank transfer if you deposit at least $500.
You can save your newly purchased coins in your eToro account or move them to a more secure personal wallet. eToro wallet is available for free download for IOS and Android smartphones. To link your eToro crypto wallet to your account, download the app and log in with your eToro credentials.
You can also choose a hardware wallet, also known as cold storage. Hardware wallets are usually considered the most secure wallets to store your digital assets as they offer offline storage, thereby significantly reducing the risk of hacks.
Whichever wallet you choose, always remember to keep your private keys safe and never share them with anyone.
Look for the search bar towards the top of the screen on eToro's dashboard. Enter the crypto you would like to purchase and click "Trade," or buy it through the "Trade Market" tab. Enter the quantity of crypto you want to buy in USD. When you are ready, click "Open Trade" to make your purchase.
Also Read: How to buy crypto on Webull
The selling process is relatively easy. Follow these easy steps to sell your purchased currency from your eToro account.
The selling process takes place during market hours.
The eToro trading platform is linked to an external wallet via eToro Money, a mobile app available for iOS and Android devices. You need to use the same username and password you use for your trading account for the eToro Money app.
Once you have installed and registered with the eToro Money app, you can withdraw supported crypto assets from there. The option to move crypto to your crypto wallet will show in the eToro trading platform if the transactions meet the transfer conditions.
You will need to go to the portfolio's "Edit Trade" window to transfer coins. Eligible users will have the option to transfer under "Invested."
You can send Bitcoin (BTC), Bitcoin Cash (BHC), Ethereum (ETH), Litecoin (LTC), Stellar Lumens (XLM), Tron, and Ripple (XRP) to your eToro Money crypto wallet.
Users can transfer any amount of crypto to their crypto wallet. However, if you are a new eToro user, your residual equity (total equity minus the transfer amount) must equal or exceed the total deposits made with one or more payment methods. This restriction is determined by your payment method and eToro Club level and is only valid for a fixed number of days after initially depositing to eToro.
The eToro USA LLC investments are subject to market risk, including the possible loss of principal.
Cryptocurrencies' prices can fluctuate by 20% in a single day. As a result, traders and investors may find many opportunities in the asset class, but they must objectively analyze the risks involved in trading rather than blindly follow any investment advice. Also, one must not invest more than one is prepared to lose.
eToro is free to sign up for and has relatively low fees. There is no eToro deposit fee, and it doesn't take a commission on stocks. Fees may differ depending on your location.
eToro makes its money based on the spread, which is the difference between cryptocurrencies' buy and sell prices.
eToro offers some of the most competitive Bitcoin purchase rates of any major cryptocurrency exchange. While buying Bitcoin or any other cryptocurrency on eToro, you will pay a charge of 1% of your total transaction. eToro doesn't charge extra fees for using a credit or debit card. When you purchase Bitcoin or send Bitcoin from your eToro account to your eToro wallet, you will be charged a $5 transaction fee.
When you buy through eToro, you will only be charged once for each asset, rather than twice when you buy and sell. eToro also charges a $10 inactivity fee per month for accounts that have been inactive for over one year.
Also See: How to buy Bitcoin
eToro supports more than 40 different crypto assets.
In 2014, eToro added support for BTC, letting users purchase and sell CFDs (to non-U.S. users). Four years later, Ethereum (ETH) and Ripple (XRP) became available on the platform, and more digital assets were added in the following years.
In 2018, the launch of the eToro crypto wallet and eToroX in the US made trading more accessible. The most widely traded crypto assets on eToro are Bitcoin (BTC), Bitcoin Cash (BHC), Cardano (ADA), Dash (DASH), DogeCoin (DOGE), Ethereum (ETH), Litecoin (LTC), Polkadot (DOT), Polygon, Solana (SOL), and Stellar Lumens (XLM).
There's a $25 minimum for buying any cryptocurrency on eToro, but you'll also need to fund your account with at least $50 to get started (this is also the minimum for any deposits you want to make later). There are no fees for withdrawing your funds from your eToro account, but there is a $30 withdrawal minimum.
eToro supports mobile and web trading services in 21 languages, including English, French, Spanish, Italian, Chinese, Dutch, Arabic, etc. You can select the preferred language on the web version through settings.
Designed with beginners in mind, eToro is available for iOS and Android devices and offers the same functionality as a web trader.
eToro's account-opening process is fast and seamless. It provides the following innovative features:
You can follow or mirror the moves of experienced crypto traders or investors on the platform to help you make trading decisions. Click on a successful trader's profile and click "copy" when that person trades.
The cost of copying a user's trades is $200, and users can track up to 100 traders simultaneously. Users can access millions of other traders' portfolios, metrics, and risk scores even if they're not using the CopyTrader. While they have complete access to all public profiles worldwide, US clients can only copy other US users.
Despite the availability of the option, you need to remember that the past performance of a trader is not an indication of future results.
eToro takes account safety very seriously - it employs cutting-edge security technologies for top-notch protection of your assets and personal data.
To protect users' funds, eToro uses warm storage and cold storage. Warm storage is the online wallet, while cold storage is the physical hardware where eToro stores crypto offline, protecting it from hackers. No one at eToro has the authority to transfer cryptocurrency from the cold storage system.
Furthermore, eToro employs cutting-edge monitoring systems to detect and prevent frauds like money laundering and duplicate spending.
To protect your eToro account and your personal and financial information (e.g., login attempts), eToro uses advanced encryption, masking methods, and rate-limiting on account operations. You can also use the two-factor authentication (2FA) feature to add an extra degree of security to your account.
eToro is a regulated trading platform with operations in London, Tel Aviv, Israel, and Cyprus operations. It adheres to the legal and regulatory requirements put forth by leading regulatory organizations like:
eToro offers a free $100,000 virtual portfolio for you to try all of its trading platform features before investing real money. It lets you get a taste of cryptocurrency's volatility and understand the risks involved in trading before committing.
You can invest in one of four crypto portfolios designed by eToro and regularly rebalanced: Crypto Portfolio Copy Portfolio, CryptoCurrency Copy Portfolio, Crypto Equal Copy Portfolio, Crypto Takeover Copy Portfolio, in addition to buying and trading specific cryptocurrencies.
Investing in these portfolios involves a risk because you need to invest in crypto other than Bitcoin and Ethereum, with a considerable investment of $2,000-$5,000. These high minimums can impede many investors, especially newcomers because experts recommend only spending 5% or less of your whole portfolio on cryptocurrency.
eToro provides free insurance from Lloyd's of London with coverage of up to 1 million euros, pounds (GBP), or Australian dollars (AUD). All eToro customers are protected with no need for a special registration. The insurance covers cash, all CFD positions, and securities.
Note that the insurance doesn't cover crypto-asset parts.
Content on eToro's social trading platform is generated by members of the collaborative trading community eToro. You can connect with investors on eToro and learn from them by commenting on their articles, interacting with them, and copying their investment methods and portfolios.
But remember that these investors give investment advice based on their experience, and investing entails risk, so don't follow them blindly — conduct your independent research first, then invest.
You can also use the CoinStats crypto portfolio tracker to track the progress of all your crypto assets from one place.
eToro has an active community and is an excellent choice for cryptocurrency trading. With unique features, eToro provides real-time insights and tiered membership options for advanced users.
Despite offering many advantages, eToro has a few drawbacks as well. From providing limited services and charging higher spreads than other cryptocurrency exchanges to its below-average customer service.
When it comes to crypto trading, eToro is a fantastic option. The UI is simple, with unique features that make trading straightforward, hassle-free, and secure.
eToro is entirely secure; it uses two-factor authentication (2fA), powerful SSL encryption, and masking techniques to protect your account.
It's regulated by top-tier financial regulators such as the FCA, ASIC, and CySEC and insures users' funds.
However, don't disclose any personal information or your login credentials, and always look for security signs on your browser.
The exchange offers the option to buy crypto with a debit card, credit card, or bank transfer. If you don't want to use these methods, you can opt for PayPal, Skrill, Neteller, Rapid Transfer, Klarna, Przelewy 24, POLi, and iDeaL.
eToro supports almost 40+ world's popular cryptocurrencies, including Bitcoin ((BTC), Ethereum (ETH), Cardano (ADH), Bitcoin Cash (BHC), Stellar Lumens (XLM), etc.
Each product on the platform has two prices: a buy and a sell price. Spread is the difference in price between these two options.
Selling an asset is often known as "short selling," either entering into a contract with a broker or simply investing in an asset that you predict will decrease value.
Buying an asset is called "BUY" on the eToro platform; it suggests investing in something you think will grow in value.
With innovative investment tools and a collaborative trading community, eToro empowers millions of users in over 140 countries to quickly and securely trade and invest in cryptocurrencies, commodities, stocks, etc.
eToro makes buying cryptocurrency trading easy and fulfilling, with more than 40 cryptocurrencies to choose from. The account opening process is swift and straightforward.
eToro provides several unique features, such as social trading, letting you copy other traders to help you get started. It also offers a mobile version, allowing you to trade anytime and anywhere. It provides insurance, a virtual portfolio to test the waters before plunging in, and some of the lowest fees to buy Bitcoin.
However, you should remember that cryptocurrency trading is highly risky, so do your research before investing. References to the earlier performance of a financial instrument, index, or packaged investment product should not be considered reliable indicators of future results.
You can also visit our CoinStats blog to learn more about wallets, cryptocurrency exchanges, portfolio trackers, tokens, etc., and explore our in-depth guides on buying various cryptocurrencies, such as How to Buy Bitcoin, What Is DeFi, How to Buy cryptocurrency, etc.
Investment Advice Disclaimer: This information is for educational purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. CoinStats makes no representation and assumes no liability as to the accuracy or completeness of the content of this guide. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose.
This material has been prepared without regard to any particular investment objectives or financial situation and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index, or a packaged investment product are not and should not be taken as a reliable indicator of future results.
The FTX Exchange ranks among the world's most prominent centralized cryptocurrency exchanges and the top five crypto derivatives exchanges in terms o...
The FTX Exchange ranks among the world's most prominent centralized cryptocurrency exchanges and the top five crypto derivatives exchanges in terms of daily trading volume. The FTX cryptocurrency derivatives exchange has its own native token FTX and offers competitive trading fees, innovative features like derivatives, options, OTC trading, futures trading, leveraged tokens, and more than 300 cryptocurrencies.
The FTX token has several use cases in the FTX ecosystem and is designed to increase network effects and demand for FTT and decrease its circulating supply.
Read on to learn everything you need to know about the FTX ecosystem and how to buy FTX token in a few simple steps.
Let's dive right in!
FTX is a cryptocurrency derivatives exchange based in the Bahamas. Sam Bankman-Fried and Gary Wang founded the FTX cryptocurrency exchange in 2019.
The FTX marketplace provides many advanced options to skilled investors and commercial trading organizations and also simple spot trading for newbies to the crypto industry. The FTX platform is an extensive international FTX crypto derivatives exchange, offering a wide range of cryptocurrencies, leveraged tokens, and derivatives services such as spot, futures, over-the-counter (OTC), prediction market trading, etc. Residents of the US have limited access to FTX due to strict regulations; however, they can access the US division of the international FTX exchange FTX.US, which has limited offerings compared to the global platform.
The FTX derivatives exchange aims to fix the issue of forced liquidation that most leveraged trading platforms have. It deploys a backstop liquidity program to detect when a user has dropped below the maintenance margin and sends volume-limited liquidation orders to close down positions that drop below the maintenance margin.
As of writing, the FTX exchange has a seven-day trading volume of 11.1 billion USD, according to data from CoinStats.
The FTX derivatives exchange has its own native token with the ticker FTT, which is an ERC-20 token on the Ethereum blockchain.
FTX token (FTT) holders get a discount on the trading fees and can use FTT as collateral for future positions. Active traders on the FTX exchange can get a percentage difference as high as 60%. In addition, using FTT comes with insurance protection, which enables traders to continue trading during volatile markets without triggering margin calls. FTT can be used to create leveraged tokens, and the insurance is beneficial when using leveraged tokens where profits and losses are multiplied according to the leverage.
Users can stake FTT tokens to validate a transaction. Staking FTT comes with many benefits, such as getting additional rebates and spinning the non-fungible swag wheel to win a free NFT. Other benefits include increased airdrop rewards, bonus votes, and IEO tickets.
The FTX token (FTT) attained an all-time high of USD 79.68 on 9th September 2021, and the price dropped significantly afterward, in line with the entire crypto market, due to global uncertainties and inflation.
Now that you know everything about the FTX derivatives exchange and the FTX token let's get into how to buy FTX token (FTT). The best place to buy the FTX token is the FTX cryptocurrency exchange, as it offers multiple incentives to investors; however, it's not available in all countries.
So let's first look into buying FTX token (FTT) on the FTX exchange and then get into other popular exchanges such as Binance, Coinbase, etc.
The FTX platform is the best place to buy and trade FTT tokens, and most of the token's use cases are applicable only on the FTX crypto exchange. While FTX crypto exchange is available in the United States and allows users to buy and trade in many major cryptocurrencies, it doesn't allow US citizens to trade in FTT tokens. For the countries where FTX token (FTT) can be purchased and traded, it's the best place to do so. Almost one-third of the gas fees collected by the exchange are used to buy FTT tokens, which are then burnt. Also, FTX claims that the gains made due to its backstop liquidity fund would be distributed amongst the FTT holders. On top of that, every week, FTX gives away three SRM tokens to every FTX token holder that has over 500 FTX tokens (FTT).
To buy FTX token directly on FTX, follow these easy steps:
To buy FTT, you need to create an account on FTX and verify your identity by providing basic identity proofs and documents. Personal information such as your name, contact number, email address, home address, social security number, and a copy of your driver's license, passport, or government-issued ID will be required. You will also need to identify yourself through a webcam or smartphone in compliance with Know Your Customer (KYC) rules if you plan to use a debit or a credit card. Tap on Account Limits in your settings menu to fully unlock your account for greater limits and the ability to use debit/credit cards.
The exchange would verify your identity quickly, and you should be able to buy and trade in almost any cryptocurrency of your choice, including the FTT token.
Once you've verified your account and uploaded all your necessary documents, the next step is to deposit cryptocurrency or fiat currencies into your account. FTX supports several fiat currencies, including USD, EUR, GBP, AUD, etc.
You can use your bank account, credit or debit card, crypto coins from a different crypto wallet, or make a wire transfer. You may also deposit euros via SEPA.
To deposit funds from your bank account, you must fill in your bank account details and transfer the desired amount into your FTX wallet. Typically, the USD and other major currency transfers from bank accounts take one day to process, but they can take longer in some instances. You can also deposit fiat currency into your FTX wallet using credit cards to make an instant purchase or set up a recurring purchase. However, you must be aware that using your cards for buying crypto may attract an additional fee. You will see the fees associated with using your debit card. This is a convenience fee charged by the card processor and is equivalent to 2.9% + 0.30 USD per transaction. You can trade immediately on your funds deposited with your card as long as you've not had any chargebacks. Coins purchased with cards can be withdrawn after 7 calendar days.
You can also deposit cryptocurrency into your FTX App account, and funds will usually be available anywhere between a few minutes to an hour, depending on the speed of the blockchain’s verifications of your transaction.
Once you've deposited funds into your account, the next step is to buy the FTX token (FTT). There are multiple trading pairs available for FTT. In the Futures Market, the trading pair is FTT-PERP, while in the spot market, the trading pairs are FTT/BTC, FTT/USD, and FTT/USDT. So you can choose a trading pair to buy FTX (FTT) token.
Binance is among the most popular cryptocurrency exchanges in the world. While it has disadvantages compared to a decentralized exchange, its ease of use and wide range of supported cryptocurrencies make it a popular choice for purchasing FTT and other digital tokens.
To purchase FTT on Binance, you need to create a retail investor account on the platform and verify your identity by uploading identity proof documents. Once the account is verified, Binance allows users to purchase the FTX token (FTT) or any other crypto of their choice through fiat deposits using a credit or debit card, crypto coins from a different crypto wallet, or a bank transfer.
FTT is available on Binance in 4 trading pairs, namely FTT/USDT, FTT/BUSD, FTT/BTC, and FTT/BNB. You could also use the comparison service of CoinStats to select what asset you want to trade FTX token (FTT) against. Once you select the asset, you wish to trade FTX token (FTT) against, e.g., USDT (TETHER), the next step is to purchase the required amount of USDT needed for purchasing FTT. After you’ve added USDT (TETHER) to your wallet, go to FTT/USDT trade and buy your desired amount of coins. After the transaction is completed and your order for FTT has been fulfilled, the new coins should reflect in your wallet.
Congratulations on purchasing FTX tokens (FTT) in a few easy steps!
When it comes to cryptocurrencies, one of the most important things to consider is how to store them. While most major cryptocurrency exchanges, such as FTX, Binance, etc., provide their own wallets to store your crypto assets, these wallets are prone to online attacks, hacks, malware, etc., due to being connected to the internet at all times. The 2019 hack of Binance, when Bitcoin worth USD 40 million was stolen from it, is a vivid example.
Therefore it's advisable for all traders and investors in crypto to store their assets in wallets that they control.
The FTX.US cryptocurrency exchange provides a custodial wallet to store your crypto, including the FTX token; however, the exchange has your private keys, which means it has control of your crypto.
If you want to have complete control of your crypto, you need to transfer it to your own external wallet.
Crypto wallets randomly generate a recovery phrase (or "seed phrase"), a list of 12 to 24 words given in a specific order. A recovery phrase is a human-readable form of your wallet’s private key—the unique, secret passcode used to authenticate and encrypt your wallet access. This phrase allows you to sign transactions and claim ownership of your wallet addresses, recover your wallet if it gets lost or damaged (in case of hardware wallets), or if the device you use to access your wallet gets lost, stolen, or becomes otherwise inaccessible.
Note that you’ll see this phrase only once during account setup, and be sure to write it down, take a screenshot, add it to a password manager, or find another way to keep it safe.
Depending on your investing preferences, you might choose between software and hardware wallets, the latter being a more secure choice.
Depending on your preferences, you can go for either of the kinds mentioned above of wallets and safely store your assets, including the FTX Token (FTT). You can also check out CoinStats Wallet to securely manage all your assets in one place.
FXT is a legitimate cryptocurrency exchange that offers its users innovative trading products such as leveraged tokens and futures trading. Users will not be short of trading opportunities with over 100 trading pairs, leveraged tokens, futures, indexes, and options.
Therefore, if you are looking to invest in cryptocurrency, then the FTX token (FTT) might be one of the best choices to diversify your crypto portfolio.
Investment Advice Disclaimer: The information contained on this website is provided to you solely for informational purposes and does not constitute a recommendation by CoinStats to buy, sell, or hold any securities, financial product, or instrument mentioned in the content, nor does it constitute investment advice, financial advice, trading advice, or any other type of advice. Our information is based on independent research and may differ from what you see from a financial institution or service provider.
Investments are subject to market risk, including the possible loss of principal. Cryptocurrency is a highly volatile market and sensitive to secondary activity, do your independent research, obtain your own advice, and be sure never to invest more money than you can afford to lose. There are significant risks involved in trading CFDs, stocks, and cryptocurrencies. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider your circumstances and obtain your advice before making any investment. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant regulators’ websites before making any decision.
Helium (HNT) is a cryptocurrency that powers the Helium network. Dubbed "The People's Network," the Helium network is a distributed and globally avai...
Helium (HNT) is a cryptocurrency that powers the Helium network. Dubbed "The People's Network," the Helium network is a distributed and globally available network designed for Internet of Things (IoT) devices.
Helium Network Tokens or HNTs serve as utility tokens in the Helium ecosystem. The tokens are used to reward users running Helium Hotspots.
Helium (HNT) tokens entered the crypto market in 2019. Like every other cryptocurrency, they started slow but quickly picked up in price. Due to the continued mass adoption of the Helium network, HNTs continue to grow in value which clearly shows that the coin's success is heavily dependent on the growth of the Helium network.
Besides earning the coins by running Helium Hotspots, those wishing to invest in the coins can also buy them from various crypto exchanges that list them.
Read on to learn more about how to buy Helium (HNT), where you can buy the tokens, and why they might be the best crypto investment option for you.
Helium (HNT) is the native cryptocurrency of the Helium network, a blockchain-based network for the Internet of Things (IoT) devices. Even though Helium, the company behind the Helium network, was founded in 2013, the Helium network only went live in 2019. HNT tokens also hit the crypto market that same year.
Helium (HNT) tokens serve as an incentive in the Helium ecosystem as they are awarded to users running Helium Hotspots. In case you don’t know, Helium Hotspots are physical devices used to broadcast the Helium network. The devices are also used to mine more HNT tokens.
Helium Network Tokens or HNTs have a supply cap of 223,000,000 and according to CoinStats, there are currently 100,539,362 HNT coins in public circulation.
Helium is backed by an impressive team of developers and engineers headed by Amir Haleem, the CEO and co-founder of Helium. He previously worked as the CTO of the video game startup Diversion and was also among the programming team of Battlefield 1942 from DICE.
Marc Nijdam is the CTO of Helium who is a technology professional with over 25 years of experience. Before joining Helium in 2015, he worked as a senior engineer for Yahoo.
Frank Mong is the COO of Helium. Before joining Helium, he was in the cybersecurity space for 20 years where he held several vital positions in different top companies. He was a CMO at Hortonworks, SVP of marketing at Palo Alto Networks, and VP/GM of Security at HP.
Shawn Finding is a co-founder and one of Helium's advisors. He is a computer programmer, entrepreneur, and angel investor. In addition to being the co-founder of Path and Airtime, he is best known for building the first popular P2P file sharing platform Napster.
Helium can be bought on crypto exchanges that list them and some of those exchanges include;
Founded in 2017, Binance is a popular crypto exchange that supports the buying, selling, and trading of more than 500 cryptocurrencies. The crypto exchange is highly secure, simple, easy to use, and fast. It also has low, competitive fees along with other attractive features.
Users of Binance can buy Helium (HNT) with a credit/debit card, bank deposit, Binance P2P service, or supported third-party payment channels. Once you've bought your HNTs, you can choose to store them on the platform or transfer them to a supported crypto wallet.
Binance is best suited for crypto investors living in Australia, Canada, Singapore, and the UK, among other countries. US citizens, however, have to use Binance US, however, it's not available in all States.
Launched in 2017, KuCoin is a leading crypto exchange available to users in more than 200 different countries. Like Binance, KuCoin supports the buying, selling, and trading of more than 500 cryptocurrencies, including Helium (HNT).
In addition to being quite easy to use, KuCoin boasts great security and low fees, making it ideal for crypto investors and traders of all levels. As a user, KuCoin allows you to buy Helium (HNT) using a credit/debit card, bank wire transfer, or PayPal.
Launched in 2015, Uphold is a web-based and mobile app crypto exchange operating in over 180 countries worldwide. The platform currently supports over 75 cryptocurrencies, including Helium (HNT).
Uphold is a fast and simple to use crypto exchange that features decent security, making it highly reliable. Also, its ease of use makes it perfect for beginner crypto investors and traders.
Unlike other crypto exchanges, Uphold supports buying and trading various assets. So apart from crypto, you can also buy and trade precious metals and stocks as a user. Uphold allows the use of a credit/debit card or bank deposit to buy Helium (HNT) from the platform.
Founded in 2013, Gate.io is one of the oldest crypto exchanges. It is well-known for its many built-in security mechanisms.
Gate.io supports the buying, selling, and trading of over 1,200 cryptocurrencies. As a user, you can buy Helium (HNT) from the platform using only a bank transfer or credit card. The limited payment method, especially when compared to other exchanges, is a disadvantage of this platform. .
Still, Gate.io is easy to use. It features low fees and can be accessed via a desktop or mobile app. It is also available for both Android and iOS devices. Please note that it's prohibited in USA and Canada.
Next on our list is WazirX, an Indian crypto exchange founded in 2018. The platform became available to users around the world in 2019 when Binance acquired it.
WazirX is highly secure and quite easy to use. Its sign-up process is also straightforward. The platform allows users to buy more than 120 cryptocurrencies, including Helium (HNT). Payment is typically made through bank transfer, net banking, and UPI.
A plus for WazirX is that it is accessible via desktops and mobile devices. You can also download the WazirX app on your Android or iOS device. Note that WazirX is prohibited for US residents.
If you are interested in investing in Helium (HNT), here are easy steps to follow:
The crypto space has plenty of crypto exchanges but not all of them list Helium (HNT). You’ll therefore need to scout for one that lists the coin. Once you do find it, consider checking its ease of use, payment methods, fees, and whether it’s available in your locality.
Binance is a good example of a popular crypto exchange that is accessible almost everywhere but in the US. US citizens can only use Binance US, which is quite limited when compared to the internationally available Binance.
Once you’ve settled on a good crypto exchange, the next step is to create a user account. Different crypto exchanges require different information to open a user account. However, most exchanges will require some personal information, including your name, phone number, and email address.
Some exchanges, on the other hand, will require your social security number and form of identification like your driver’s license, passport, or government-issued ID. Then there are other exchanges that will even require you to identify yourself through a webcam or smartphone while creating a user account. Whatever it is, ensure you can meet the requirements or you will not be verified.
The crypto exchange you choose to buy Helium (HNT) crypto from will either be a crypto-to-crypto exchange or fiat-to crypto-exchange.
A crypto-to-crypto exchange requires you to use other cryptocurrencies to buy Helium (HNT) crypto. while a fiat-to-crypto exchange allows you to buy Helium (HNT) crypto using fiat money.
Most fiat-to-crypto exchanges allow you to buy crypto using bank deposits or credit/debit cards. To do this, you’ll have to deposit some funds to your bank account before you can buy Helium crypto from such exchanges. But if you are using a crypto-to-crypto exchange, you will first have to buy crypto from a fiat-to-crypto exchange and then use that crypto to buy Helium (HNT).
If you are using the fiat-to-crypto option, log in to your crypto exchange account.
Choose bank deposit as your preferred payment method. Then choose the amount of Helium (HNT) crypto you wish to buy.
You can as well consider checking the performance of your existing crypto portfolio using CoinStat’s crypto portfolio tracker. This tracker helps you monitor Helium’s (HNT) current price so you can know the best time to buy.
After you've bought your Helium coins, you can either choose to store them on the exchange or transfer them to a private crypto wallet. Most people prefer to transfer their purchased crypto coins to private wallets for more control over their funds. It also helps that private wallets tend to offer more security than public wallets.
You can shop around for a crypto wallet if you don't already have one. There are free software wallets on the net or you fork out cash to purchase a hardware wallet. The difference between them? Software wallets are ideal for people who love convenience while hardware wallets are a great option because they offer much better security. The Helium wallet app, for instance, is a good software wallet to store Helium (HNT) coins while Ledger wallet is a great hardware wallet.
In any case, the best wallet is one that can store Helium coins and suits your crypto investment needs.
There are many reasons to consider buying Helium (HNT) cryptocurrency.
Firstly, Helium is a cryptocurrency that has been rising steadily ever since it first appeared in the crypto market. The coin entered the crypto market trading at around $0.50 and rose to$2.00 within two months. It dropped to $1.25 the following month and is currently trading at around $20, after hitting a high of $40 earlier this year. While it might look like a negative run, understand that Helium’s price is slowly starting to pick up. And to be frank, Helium’s current price makes it a great entry point in the crypto market for bargain hunters who might be put off from other expensive top-performing cryptocurrencies.
Secondly, Helium’s strategic partnerships are helping with tokens price appreciation. In 2021, Helium partnered with DISH network, Actility, and Senet to help with its mass adoption. The same year the city of San Jose became the first city to officially join the Helium network and use it to provide internet access to low-income residents.
In 2022, Helium strategically partnered with Canadian LoraWan provider X-TELIA to unlock coverage across the country. With these moves, the Helium network is growing its user base exponentially, which can help with its cryptocurrency’s price movements. Besides, many people are already using the network.
Buying Helium is not the only way to get the crypto coins. You can also earn the coins by mining them or building coverage for the Helium network using Helium Hotspots.
Helium Hotspots are physical devices used for mining and broadcasting on the Helium network. The devices are available for purchase from third parties. Once you buy the device and it's up and running, you can participate in the Helium network.
Hotspots earn Helium by submitting valid proof of coverage challenges, witnessing proof of coverage challenges, transferring device data over the Helium network, and serving as a consensus group member.
Proof of coverage is an algorithm used by Helium to verify that hotspots in the network are physically where they claim to be. The algorithm also ensures that Hotspots are honestly representing wireless coverage created by the Hotspot for its location.
Helium (HNT) is a crypto coin backed by a decentralized and distributed network that aims to improve the communication capabilities of IoT devices.
From a barely known network in 2019, the Helium network has quickly grown to a global brand in 2022. For a network that once only had 7K Hotspots and now boasts over 470,000 Hotspots globally, this growth is quite impressive and there are no signs that it is stopping any time soon.
The phenomenal growth of the Helium network continues to drive the performance of the Helium coin in the market. It is therefore certain that the coin will experience some positive price movements as the network continues to be adopted across the globe.
As for now, Helium stand out as a great cryptocurrency worth investing in.
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