</noscript><div id="__next"><div class="sc-33794857-0 gjNgMX"><div class="banner"><a href="https://www.seedrs.com/choise" class="main_link" target="_blank" rel="noreferrer">Tell me more</a><button class="close"><svg width="14" height="13" viewBox="0 0 14 13" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M6.98119 5.2L11.9312 0.25L13.3452 1.664L8.39519 6.614L13.3452 11.564L11.9312 12.978L6.98119 8.028L2.03119 12.978L0.617188 11.564L5.56719 6.614L0.617188 1.664L2.03119 0.25L6.98119 5.2Z"></path></svg></button><div class="left_image"><img alt="Think Big" srcSet="/_next/image?url=%2Fpic%2Fbanners%2Fseedrs-left.png&w=640&q=75 1x, /_next/image?url=%2Fpic%2Fbanners%2Fseedrs-left.png&w=1080&q=75 2x" src="/_next/image?url=%2Fpic%2Fbanners%2Fseedrs-left.png&w=1080&q=75" width="521.34" height="801.78" decoding="async" data-nimg="1" style="color:transparent"/></div><div class="logos"><img src="/pic/banners/banner-seedrs-2022.svg" alt="Choise Seedrs"/></div><div class="heading">our crowdfunding is live</div><p class="description">Become Choise.com Shareholder. Discover our Seedrs campaign</p><div class="button_link">View pitch</div><div class="right_image"><img alt="Become Choise.com Shareholder. Discover our Seedrs campaign" srcSet="/_next/image?url=%2Fpic%2Fbanners%2Fseedrs-right.png&w=384&q=75 1x, /_next/image?url=%2Fpic%2Fbanners%2Fseedrs-right.png&w=640&q=75 2x" src="/_next/image?url=%2Fpic%2Fbanners%2Fseedrs-right.png&w=640&q=75" width="319.52" height="447.18" decoding="async" data-nimg="1" style="color:transparent"/></div></div><div class="overlay"></div></div><div class="sc-c8a89cd3-0 fyqtNz"><div class="banner"><img alt="last offer" srcSet="/_next/image?url=%2Fpic%2Fbanners%2Flast-offer-banner-1.png&w=384&q=75 1x, /_next/image?url=%2Fpic%2Fbanners%2Flast-offer-banner-1.png&w=640&q=75 2x" src="/_next/image?url=%2Fpic%2Fbanners%2Flast-offer-banner-1.png&w=640&q=75" width="279" height="255" decoding="async" data-nimg="1" class="image1" style="color:transparent"/><img alt="last offer" srcSet="/_next/image?url=%2Fpic%2Fbanners%2Flast-offer-banner-2.png&w=384&q=75 1x, /_next/image?url=%2Fpic%2Fbanners%2Flast-offer-banner-2.png&w=640&q=75 2x" src="/_next/image?url=%2Fpic%2Fbanners%2Flast-offer-banner-2.png&w=640&q=75" width="318" height="193" decoding="async" data-nimg="1" class="image2" style="color:transparent"/><img alt="last offer" srcSet="/_next/image?url=%2Fpic%2Fbanners%2Flast-offer-banner-3.png&w=384&q=75 1x, /_next/image?url=%2Fpic%2Fbanners%2Flast-offer-banner-3.png&w=640&q=75 2x" src="/_next/image?url=%2Fpic%2Fbanners%2Flast-offer-banner-3.png&w=640&q=75" width="282" height="391" decoding="async" data-nimg="1" class="image3" style="color:transparent"/><a class="main_link" href="/earn?utm_source=websitechoisecom&utm_medium=bannerlastoffer&utm_campaign=web3interestaccounts">last offer</a><button class="close"><svg width="14" height="13" viewBox="0 0 14 13" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M6.98119 5.2L11.9312 0.25L13.3452 1.664L8.39519 6.614L13.3452 11.564L11.9312 12.978L6.98119 8.028L2.03119 12.978L0.617188 11.564L5.56719 6.614L0.617188 1.664L2.03119 0.25L6.98119 5.2Z"></path></svg></button><div class="title">last offer</div><p class="description">CHO celebration promo is coming to an end — it’s your last chance to get <span>up to 16%</span> APY on stable coins</p><div class="link_button"><span>Grab increased APY</span></div></div><div class="overlay"></div></div><div class="sc-77423e79-0 gkGpPf"><a class="link" href="/earn?utm_source=websitechoisecom&utm_medium=bannerlastoffer&utm_campaign=web3interestaccounts">last offer</a><div class="sc-e7592e74-0 ciaqJG center_block " width="1440px"><button class="close"><svg width="12" height="12" viewBox="0 0 12 12" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M6 4.66688L10.6669 0L12 1.33312L7.33312 6L12 10.6669L10.6669 12L6 7.33312L1.33312 12L0 10.6669L4.66688 6L0 1.33312L1.33312 0L6 4.66688Z"></path></svg></button><div class="title">last<svg width="38" height="38" viewBox="0 0 38 38" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M36 19C36 28.3888 28.3888 36 19 36C9.61116 36 2 28.3888 2 19C2 9.61116 9.61116 2 19 2C28.3888 2 36 9.61116 36 19ZM38 19C38 29.4934 29.4934 38 19 38C8.50659 38 0 29.4934 0 19C0 8.50659 8.50659 0 19 0C29.4934 0 38 8.50659 38 19ZM27.868 18.2929L21.504 11.9289C21.1135 11.5384 20.4803 11.5384 20.0898 11.9289C19.6993 12.3195 19.6993 12.9526 20.0898 13.3431L24.7467 18H10.4829C9.93062 18 9.48291 18.4477 9.48291 19C9.48291 19.5523 9.93062 20 10.4829 20H24.7467L20.0898 24.6569C19.6993 25.0474 19.6993 25.6805 20.0898 26.0711C20.4803 26.4616 21.1135 26.4616 21.504 26.0711L27.868 19.7071C28.2585 19.3166 28.2585 18.6834 27.868 18.2929Z" fill="#191B20"></path></svg>offer</div><div class="image"></div><div class="right_block"><p class="description">CHO celebration promo is coming to an end - it’s your last chance to get <strong>up to 16% APY</strong> on stable coins</p><div class="link_button"><span>Grab increased APY</span></div></div></div><div class="mobile_slogan"><p>last offer</p><span>up to 16% APY</span></div></div><div class="sc-bc0874e0-0 gDiygZ"><div class="sc-e7592e74-0 cCxdvk center_block " width="1200px"><ul class="mobile_nav"><li class="top_links"><span class="link_title "><p>Earn</p><img class="drop_arrow" src="/pic/mobile-drop.svg" alt="Earn"/></span><div class="sub_drop "><ul class="drop_block "><li class="drop_link "><a href="/nft/fend">🔥 NFT interest account<!-- --> <span class="label_heading yellow">+26% APY</span><p class="description">CHO, DAI, USDC and USDT</p></a></li><li class="drop_link "><a href="/earn">Web 3.0 interest accounts<!-- --> <p class="description">Stake USDT, USDC</p></a></li><li class="drop_link "><a href="/dual-currency-interest-account">Dual currency interest accounts<!-- --> <span class="label_heading ">Up to 50%</span><p class="description">Highest income rates</p></a></li><li class="drop_link "><a href="/interest-accounts">Interest accounts<!-- --> <span class="label_heading ">Up to 10.7%</span><p class="description">Earn on your crypto</p></a></li><li class="drop_link "><a href="/price-insurance">Price insurance<!-- --> <p class="description">Hedge your risks with Choise.com</p></a></li><li class="drop_link "><a href="/predictions">Price predictions<!-- --> <p class="description">Predict prices, win big</p></a></li></ul></div></li><li class="top_links"><span class="link_title "><p>Explore</p><img class="drop_arrow" src="/pic/mobile-drop.svg" alt="Explore"/></span><div class="sub_drop "><ul class="drop_block "><li class="drop_link "><span class="link_title_sub ">Wallet<img class="drop_arrow sub" src="/pic/main-nav-drop-arrow.svg" alt="Wallet"/></span><p class="description">All-in-one multi-coin wallet</p></li><li class="drop_link "><a href="/cards">VISA card<!-- --> <p class="description">Plastic & Virtual</p></a></li><li class="drop_link "><a href="/charism">Charism platform<!-- --> <p class="description">Earn with the top DeFi products</p></a></li><li class="drop_link "><span class="link_title_sub ">NFT<img class="drop_arrow sub" src="/pic/main-nav-drop-arrow.svg" alt="NFT"/></span><p class="description">Choise.com collections</p></li><li class="drop_link "><a href="/dao">DAO<!-- --> <p class="description">Your voice matters</p></a></li></ul></div></li><li class="top_links"><span class="link_title "><p>Tokens</p><img class="drop_arrow" src="/pic/mobile-drop.svg" alt="Tokens"/></span><div class="sub_drop "><ul class="drop_block "><li class="drop_link "><a href="/tokenomics">Tokenomics<!-- --> <p class="description">Use MetaFi tokens to the maximum</p></a></li><li class="drop_link "><span class="link_title_sub ">CHO<img class="drop_arrow sub" src="/pic/main-nav-drop-arrow.svg" alt="CHO"/></span></li><li class="drop_link "><a href="/crpt">CRPT<!-- --> </a></li><li class="drop_link "><a href="/million4cho">🔥 Win $1,000,000 for 1 tweet<!-- --> <p class="description">Literally, just publish 1 single tweet</p></a></li></ul></div></li><li class="top_links"><span class="link_title "><p>About</p><img class="drop_arrow" src="/pic/mobile-drop.svg" alt="About"/></span><div class="sub_drop "><ul class="drop_block "><li class="drop_link "><a href="/news">Blog<!-- --> <p class="description">Know as much as our CEO</p></a></li><li class="drop_link "><a href="/rebranding">Rebranding<!-- --> <p class="description">5 years of success</p></a></li><li class="drop_link "><a href="/wallet/referral">Referral program<!-- --> <p class="description">Invite friends and earn with us</p></a></li><li class="drop_link "><a href="/ambassador">Ambassador program<!-- --> <p class="description">Invest effort and be rewarded</p></a></li></ul></div></li><li class="top_links"><a href="/help">Support</a></li></ul><div class="sc-da7e5111-0 bvMnuY"><a href="https://crpt.onelink.me/WpQ0/enx4azef" target="_blank" rel="noreferrer nofollow" class="app_link">Open a free wallet</a><p class="copyright">2022 © Charism LLC, registry code: 1999 LLC 2022, Address: Beachmont Business Centre, Suite 336, Kingstown, Saint Vincent and the Grenadines</p></div></div></div><header class="sc-396d3095-0 dgFVAg "><div class="sc-e7592e74-0 cCxdvk center_block " width="1200px"><div class="left_block"><div class="logo"><a href="/"><img src="/pic/logo.svg" alt="Choise.com"/></a></div><ul class="sc-a28cda9e-0 czqXtK main_nav"><li class="nav_item"><p class="nav_item_title">Earn<!-- --> </p><div class="drop_menu"><ul class="main_drop_list"><li class="drop_item "><a href="/nft/fend"><p class="drop_title">🔥 NFT interest account<!-- --> <span class="label yellow">+26% APY</span></p><span class="drop_description">CHO, DAI, USDC and USDT</span></a></li><li class="drop_item "><a href="/earn"><p class="drop_title">Web 3.0 interest accounts<!-- --> </p><span class="drop_description">Stake USDT, USDC</span></a></li><li class="drop_item "><a href="/dual-currency-interest-account"><p class="drop_title">Dual currency interest accounts<!-- --> <span class="label ">Up to 50%</span></p><span class="drop_description">Highest income rates</span></a></li><li class="drop_item "><a href="/interest-accounts"><p class="drop_title">Interest accounts<!-- --> <span class="label ">Up to 10.7%</span></p><span class="drop_description">Earn on your crypto</span></a></li><li class="drop_item "><a href="/price-insurance"><p class="drop_title">Price insurance<!-- --> </p><span class="drop_description">Hedge your risks with Choise.com</span></a></li><li class="drop_item "><a href="/predictions"><p class="drop_title">Price predictions<!-- --> </p><span class="drop_description">Predict prices, win big</span></a></li></ul></div></li><li class="nav_item"><p class="nav_item_title">Explore<!-- --> </p><div class="drop_menu"><ul class="main_drop_list"><li class="drop_item "><p class="drop_title">Wallet<!-- --> </p><span class="drop_description">All-in-one multi-coin wallet</span><div class="sub_drop_menu"><ul class="sub_drop_list"><li class="drop_item "><a href="/wallet"><p class="drop_title">About wallet<!-- --> </p><span class="drop_description">Ultimate crypto wallet</span></a></li><li class="drop_item "><a href="/wallet/buy"><p class="drop_title">Buy crypto<!-- --> </p><span class="drop_description">Visa, Mastercard</span></a></li><li class="drop_item "><a href="/wallet/exchange"><p class="drop_title">Exchange<!-- --> </p><span class="drop_description">Enjoy best rates</span></a></li><li class="drop_item "><a href="/wallet/cashout"><p class="drop_title">Cashout<!-- --> </p><span class="drop_description">Withdaw funds to bank cards</span></a></li><li class="drop_item "><a href="/wallet/send"><p class="drop_title">Send<!-- --> </p><span class="drop_description">Use free international money transfers</span></a></li><li class="drop_item "><a href="/wallet/spend"><p class="drop_title">Spend<!-- --> </p><span class="drop_description">Pay with VISA cards, plastic and virtual</span></a></li></ul></div><div class="drop_arrow"><img src="/pic/main-nav-arrow.svg" alt="Wallet"/></div></li><li class="drop_item "><a href="/cards"><p class="drop_title">VISA card<!-- --> </p><span class="drop_description">Plastic & Virtual</span></a></li><li class="drop_item "><a href="/charism"><p class="drop_title">Charism platform<!-- --> </p><span class="drop_description">Earn with the top DeFi products</span></a></li><li class="drop_item "><p class="drop_title">NFT<!-- --> </p><span class="drop_description">Choise.com collections</span><div class="sub_drop_menu"><ul class="sub_drop_list"><li class="drop_item "><a href="/nft/fend"><p class="drop_title">🔥 NFT interest account<!-- --> <span class="label yellow">Up to 25%</span></p><span class="drop_description">CHO, DAI, USDC and USDT</span></a></li><li class="drop_item "><a href="/charism/beta"><p class="drop_title">NFT for beta testers<!-- --> </p><span class="drop_description">Exclusive offer for Charism testers</span></a></li><li class="drop_item "><a href="/nft"><p class="drop_title">CHO NFT Collection<!-- --> </p><span class="drop_description">First in space NFT token sale</span></a></li></ul></div><div class="drop_arrow"><img src="/pic/main-nav-arrow.svg" alt="NFT"/></div></li><li class="drop_item "><a href="/dao"><p class="drop_title">DAO<!-- --> </p><span class="drop_description">Your voice matters</span></a></li></ul></div></li><li class="nav_item"><p class="nav_item_title">Tokens<!-- --> </p><div class="drop_menu"><ul class="main_drop_list"><li class="drop_item "><a href="/tokenomics"><p class="drop_title">Tokenomics<!-- --> </p><span class="drop_description">Use MetaFi tokens to the maximum</span></a></li><li class="drop_item "><p class="drop_title">CHO<!-- --> </p><span class="drop_description"></span><div class="sub_drop_menu"><ul class="sub_drop_list"><li class="drop_item "><a href="/cho"><p class="drop_title">About CHO<!-- --> </p><span class="drop_description">Choise.com token</span></a></li><li class="drop_item "><a href="/cho/exchanges"><p class="drop_title">CHO markets<!-- --> </p><span class="drop_description">Listed on top exchanges</span></a></li></ul></div><div class="drop_arrow"><img src="/pic/main-nav-arrow.svg" alt="CHO"/></div></li><li class="drop_item "><a href="/crpt"><p class="drop_title">CRPT<!-- --> </p><span class="drop_description"></span></a></li><li class="drop_item "><a href="/million4cho"><p class="drop_title">🔥 Win $1,000,000 for 1 tweet<!-- --> </p><span class="drop_description">Literally, just publish 1 single tweet</span></a></li></ul></div></li><li class="nav_item"><p class="nav_item_title">About<!-- --> </p><div class="drop_menu"><ul class="main_drop_list"><li class="drop_item "><a href="/news"><p class="drop_title">Blog<!-- --> </p><span class="drop_description">Know as much as our CEO</span></a></li><li class="drop_item "><a href="/rebranding"><p class="drop_title">Rebranding<!-- --> </p><span class="drop_description">5 years of success</span></a></li><li class="drop_item "><a href="/wallet/referral"><p class="drop_title">Referral program<!-- --> </p><span class="drop_description">Invite friends and earn with us</span></a></li><li class="drop_item "><a href="/ambassador"><p class="drop_title">Ambassador program<!-- --> </p><span class="drop_description">Invest effort and be rewarded</span></a></li></ul></div></li><li class="nav_item"><a class="nav_item_title" href="/help">Support<!-- --> </a></li></ul></div><div class="right_block"><div class="buttons"></div><div class="sc-4f3303d4-0 dBSANL connect_metamask"><button class="connect_wallet_button"><svg width="18" height="16" viewBox="0 0 18 16" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M14.8333 3.83333H14V3C14 2.33696 13.7366 1.70107 13.2677 1.23223C12.7989 0.763392 12.163 0.5 11.5 0.5H3.16663C2.50358 0.5 1.8677 0.763392 1.39886 1.23223C0.930018 1.70107 0.666626 2.33696 0.666626 3V3V13C0.666626 13.663 0.930018 14.2989 1.39886 14.7678C1.8677 15.2366 2.50358 15.5 3.16663 15.5H14.8333C15.4963 15.5 16.1322 15.2366 16.6011 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13.8333H3.16663C2.94561 13.8333 2.73365 13.7455 2.57737 13.5893C2.42109 13.433 2.33329 13.221 2.33329 13V5.35833C2.60102 5.45251 2.88282 5.50042 3.16663 5.5H14.8333C15.0543 5.5 15.2663 5.5878 15.4225 5.74408C15.5788 5.90036 15.6666 6.11232 15.6666 6.33333V7.16667Z"></path></svg></button></div><button class="sc-1b9c98a3-0 digNOG nav"><span></span><span></span></button></div></div></header><div class="sc-596a0924-0 iqbMLA connect_wallet_modal "><div class="modal"><button class="close"><svg width="12" height="13" viewBox="0 0 12 13" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M5.98119 5.2L10.2242 0.957001C10.6147 0.566536 11.2477 0.566535 11.6382 0.957C12.0287 1.34747 12.0287 1.98053 11.6382 2.371L7.39519 6.614L11.6382 10.857C12.0287 11.2475 12.0287 11.8805 11.6382 12.271C11.2477 12.6615 10.6147 12.6615 10.2242 12.271L5.98119 8.028L1.73819 12.271C1.34772 12.6615 0.714653 12.6615 0.324188 12.271C-0.0662779 11.8805 -0.0662777 11.2475 0.324188 10.857L4.56719 6.614L0.324188 2.371C-0.066277 1.98054 -0.0662779 1.34747 0.324188 0.957C0.714653 0.566535 1.34772 0.566535 1.73819 0.957L5.98119 5.2Z"></path></svg></button><div class="sc-348fd2eb-0 jwtAHx title "><h5>Connect your wallet</h5></div><p class="description">to get access to your NFT and Ambassador profile</p><div class="list"><div class="buttons_item"><a target="_blank" class="wallet_button" rel="noreferrer nofollow" href="https://metamask.app.link/dapp/choise.com/"><span class="icon_title"><img src="/pic/nft/connect-wallet-icons/metamask.svg" alt="Metamask"/>Metamask</span><span class="label">Popular</span></a><p class="install_description">How to <a href="/news/tutorials/how-to-install-metamask">install Metamask?</a></p></div><div class="buttons_item"><button class="wallet_button "><span class="icon_title"><img src="/pic/nft/connect-wallet-icons/wallet-connect.svg" alt="WalletConnect"/>WalletConnect</span></button></div><div class="buttons_item"><button class="wallet_button "><span class="icon_title"><img src="/pic/nft/connect-wallet-icons/binance-smart-wallet.svg" alt="Binance Smart Wallet"/>Binance Smart Wallet</span></button></div><div class="buttons_item"><button disabled="" class="wallet_button soon"><span class="icon_title"><img src="/pic/nft/connect-wallet-icons/coinbase-wallet.svg" alt="Coinbase Wallet"/>Coinbase Wallet</span><span class="label soon">Soon</span></button></div></div></div><div class="overlay"></div></div><main><section class="sc-d0eb2d39-0 jjVKzX"><div class="sc-e7592e74-0 cCxdvk center_block " width="1200px"><div class="title">all to know <img src="/pic/decor/round-arrow-right.svg" alt="all to know about crypto"/> about crypto</div><form><input type="text" placeholder="Enter articles title" required="" value=""/><button disabled=""></button></form></div></section><section class="sc-9df503db-0 djmEYb"><div class="sc-e7592e74-0 cCxdvk center_block " width="1200px"><div class="sc-9248cc56-0 bfsbou categories"><div class="label">Blog categories</div><select class="mobile_select"><option value="/news">#all</option><option value="/news/cho-token">#CHO</option><option value="/news/crpt-token">#crpt</option><option value="/news/updates">#choise.com</option><option value="/news/blockchain">#blockchain</option><option value="/news/buy-crypto">#buycrypto</option><option value="/news/cash-out-crypto">#cashoutcrypto</option><option value="/news/crypto-lifestyle" selected="">#cryptolifestyle</option><option value="/news/crypto-wallets">#cryptowallets</option><option value="/news/crypto-world">#cryptoworld</option><option value="/news/dailyanalysis">#dailyanalysis</option><option value="/news/earn">#earn</option><option value="/news/featured">#featured</option><option value="/news/insights">#insights</option><option value="/news/latest">#latest</option><option value="/news/market-prices">#marketprices</option><option value="/news/opinions">#opinions</option><option value="/news/tutorials">#tutorials</option><option 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href="/news/tutorials">#tutorials</a></li><li class=""><a href="/news/uncategorised">#uncategorised</a></li><li class=""><a href="/news/urgent-updates">#urgentupdates</a></li></ul></div><div class="sc-96f74749-0 eBTFFU news_content" id="news_gallery"><div class="heading"><div class="sc-348fd2eb-0 jwtAHx title "><h1>Crypto Lifestyle</h1></div></div><div class="list"><article class="sc-25cbe3a1-0 fmmnff item"><div class="top_content"><a href="/news/crypto-lifestyle/become-choise-com-ambassador">Become Choise.com Ambassador</a><div class="image"><img title="Become Choise.com Ambassador" alt="Become Choise.com Ambassador" srcSet="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F10%2Fbecome_ambassador_blog_cover.png&w=640&q=75 1x, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F10%2Fbecome_ambassador_blog_cover.png&w=828&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F10%2Fbecome_ambassador_blog_cover.png&w=828&q=75" width="400" height="400" decoding="async" data-nimg="1" class="directus_image " style="color:transparent"/></div><div class="card_content"><h3>Become Choise.com Ambassador</h3><p>Educate and inspire the crypto community, expand your influence, complete tasks and be rewarded.</p></div></div><ul class="time_date"><li>Oct 27, 2022</li><li>15:10</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 fmmnff item"><div class="top_content"><a href="/news/crypto-lifestyle/best-cryptocurrency-news-websites">TOP-15 Best Crypto & Bitcoin News Sites</a><div class="image"><img title="TOP-15 Best Crypto & Bitcoin News Sites" alt="TOP-15 Best Crypto & Bitcoin News Sites" srcSet="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2020%2F04%2Fnews222-1.jpg&w=640&q=75 1x, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2020%2F04%2Fnews222-1.jpg&w=828&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2020%2F04%2Fnews222-1.jpg&w=828&q=75" width="400" height="400" decoding="async" data-nimg="1" class="directus_image " style="color:transparent"/></div><div class="card_content"><h3>TOP-15 Best Crypto & Bitcoin News Sites</h3><p>Blockchain and crypto are the two hot topics in the world that are gaining constant traction. Whether for investment or fun, it&#8217;s a fact that more and more people are taking an interest in cryptocurrencies. In this article, we&#8217;ll guide you through some of the best websites to read cryptocurrency news.</p></div></div><ul class="time_date"><li>Mar 09, 2022</li><li>13:03</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 fmmnff item"><div class="top_content"><a href="/news/crypto-lifestyle/best-bitcoin-faucets">TOP-7 Best Free Bitcoin Faucets For Earning BTC in 2022</a><div class="image"><img title="TOP-7 Best Free Bitcoin Faucets For Earning BTC in 2022" alt="TOP-7 Best Free Bitcoin Faucets For Earning BTC in 2022" srcSet="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2020%2F04%2Ffaucets.jpg&w=640&q=75 1x, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2020%2F04%2Ffaucets.jpg&w=828&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2020%2F04%2Ffaucets.jpg&w=828&q=75" width="400" height="400" decoding="async" data-nimg="1" class="directus_image " style="color:transparent"/></div><div class="card_content"><h3>TOP-7 Best Free Bitcoin Faucets For Earning BTC in 2022</h3><p>If you have decided to venture into the cryptocurrency industry, then we are confident you have heard about the world&#8217;s most famous digital currency — Bitcoin. Since this cryptocurrency dominates the entire market, it&#8217;s only natural for new investors to gravitate toward it.</p></div></div><ul class="time_date"><li>Feb 27, 2022</li><li>15:02</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 fmmnff item"><div class="top_content"><a href="/news/crypto-lifestyle/what-is-cefi-defi">CeFi vs DeFi (And What Is It) — Difference between CeFi and DeFi</a><div class="image"><img title="CeFi vs DeFi (And What Is It) — Difference between CeFi and DeFi" alt="CeFi vs DeFi (And What Is It) — Difference between CeFi and DeFi" srcSet="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F01%2Fcr_cefi_defi_blog.jpg&w=640&q=75 1x, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F01%2Fcr_cefi_defi_blog.jpg&w=828&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F01%2Fcr_cefi_defi_blog.jpg&w=828&q=75" width="400" height="400" decoding="async" data-nimg="1" class="directus_image " style="color:transparent"/></div><div class="card_content"><h3>CeFi vs DeFi (And What Is It) — Difference between CeFi and DeFi</h3><p>In the recent past, essential financial services such as money transfers, loaning, borrowing, and insurance were only offered by traditional financial institutions and banks. But with the emergence and rapid adoption of blockchain technology and cryptocurrency, things have transformed significantly.</p></div></div><ul class="time_date"><li>Jan 28, 2022</li><li>13:01</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 fmmnff item"><div class="top_content"><a href="/news/crypto-lifestyle/whats-the-tax-on-crypto-profits">Whats The Tax On Crypto Profits In 2022? Crypto Currency Capital Gains Tax</a><div class="image"><img title="Whats The Tax On Crypto Profits In 2022? Crypto Currency Capital Gains Tax" alt="Whats The Tax On Crypto Profits In 2022? Crypto Currency Capital Gains Tax" srcSet="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F01%2Fcr_tax_blog.jpg&w=640&q=75 1x, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F01%2Fcr_tax_blog.jpg&w=828&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F01%2Fcr_tax_blog.jpg&w=828&q=75" width="400" height="400" decoding="async" data-nimg="1" class="directus_image " style="color:transparent"/></div><div class="card_content"><h3>Whats The Tax On Crypto Profits In 2022? Crypto Currency Capital Gains Tax</h3><p>Virtual currencies have been around for a good decade already, and they don’t show any sign of disappearing. Indeed, the market of cryptocurrencies is booming.</p></div></div><ul class="time_date"><li>Jan 25, 2022</li><li>11:01</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 fmmnff item"><div class="top_content"><a href="/news/crypto-lifestyle/10-ways-to-hack-a-bitcoin-wallet-in-2020">10 Ways To Hack A Bitcoin & Crypto Wallet In 2022</a><div class="image"><img title="10 Ways To Hack A Bitcoin & Crypto Wallet In 2022" alt="10 Ways To Hack A Bitcoin & Crypto Wallet In 2022" srcSet="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F01%2Fimage-5.webp&w=640&q=75 1x, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F01%2Fimage-5.webp&w=828&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F01%2Fimage-5.webp&w=828&q=75" width="400" height="400" decoding="async" data-nimg="1" class="directus_image " style="color:transparent"/></div><div class="card_content"><h3>10 Ways To Hack A Bitcoin & Crypto Wallet In 2022</h3><p>Digital currencies are becoming a common payment method among consumers worldwide. Bitcoin and other cryptocurrencies are quickly expanding its reach as people are increasingly trusting them to make payments, transfer money and even save it.</p></div></div><ul class="time_date"><li>Jan 24, 2022</li><li>14:01</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 fmmnff item"><div class="top_content"><a href="/news/crypto-lifestyle/best-bitcoin-casinos-2020">TOP-10 Crypto Casinos & Bitcoin Gambling Websites</a><div class="image"><img title="TOP-10 Crypto Casinos & Bitcoin Gambling Websites" alt="TOP-10 Crypto Casinos & Bitcoin Gambling Websites" srcSet="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F01%2Fimgonline-com-ua-Compressed-VT9WciutN5XqN.jpg&w=640&q=75 1x, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F01%2Fimgonline-com-ua-Compressed-VT9WciutN5XqN.jpg&w=828&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F01%2Fimgonline-com-ua-Compressed-VT9WciutN5XqN.jpg&w=828&q=75" width="400" height="400" decoding="async" data-nimg="1" class="directus_image " style="color:transparent"/></div><div class="card_content"><h3>TOP-10 Crypto Casinos & Bitcoin Gambling Websites</h3><p>Are you looking for the best crypto gambling sites? If you’re a cryptocurrency holder that’s all-in for some fun online gambling, then this list of the best bitcoin casinos 2022 is for you. Betting cryptocurrencies is still a new thing for many of us. But digital currencies have become increasingly popular among gamblers and gamers</p></div></div><ul class="time_date"><li>Jan 21, 2022</li><li>11:01</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 fmmnff item"><div class="top_content"><a href="/news/crypto-lifestyle/how-traveling-on-crypto-could-save-you-money">How Traveling On Crypto Could Save You Money In 2022</a><div class="image"><img title="How Traveling On Crypto Could Save You Money In 2022" alt="How Traveling On Crypto Could Save You Money In 2022" srcSet="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2019%2F06%2Fimage-89.jpeg&w=640&q=75 1x, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2019%2F06%2Fimage-89.jpeg&w=828&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2019%2F06%2Fimage-89.jpeg&w=828&q=75" width="400" height="400" decoding="async" data-nimg="1" class="directus_image " style="color:transparent"/></div><div class="card_content"><h3>How Traveling On Crypto Could Save You Money In 2022</h3><p>Not only the crypto market is warming up, but also the weather. With the holidays season just around the corner, it&#8217;s time to sit down and think of that long-awaited well-deserved vacation. Whether you are going for the low-cost weekend getaway or a two-week all-inclusive trip, traveling is a financial burden and saving money is</p></div></div><ul class="time_date"><li>Dec 25, 2021</li><li>10:12</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 fmmnff item"><div class="top_content"><a href="/news/crypto-lifestyle/best-nft-crypto-how-to-invest-in-nft-crypto">Best NFT crypto. How to invest in NFT crypto?</a><div class="image"><img title="Best NFT crypto. How to invest in NFT crypto?" alt="Best NFT crypto. How to invest in NFT crypto?" srcSet="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2021%2F12%2Fcr_nft_blog-1.jpg&w=640&q=75 1x, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2021%2F12%2Fcr_nft_blog-1.jpg&w=828&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2021%2F12%2Fcr_nft_blog-1.jpg&w=828&q=75" width="400" height="400" decoding="async" data-nimg="1" class="directus_image " style="color:transparent"/></div><div class="card_content"><h3>Best NFT crypto. How to invest in NFT crypto?</h3><p>Learn how to invest in NFT crypto, where you can buy NFT assets, and how to create your own NFT. A beginner’s guide on how to start investing in non-fungible tokens (NFT)</p></div></div><ul class="time_date"><li>Dec 21, 2021</li><li>13:12</li><li>2 min reading</li></ul></article></div><div class="sc-bf0dd4a1-0 kurpRj pagination"></div></div></div></section></main><footer class="sc-872fce17-0 ezA-dXu"><div class="sc-e7592e74-0 cCxdvk center_block " width="1200px"><div class="top_block"><div class="content"><p class="description">The Choise website and Choise mobile apps are owned by the company incorporated in the Republic of Seychelles with company number IBC No. 233581, registered office at 102, Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles which is regulated by the laws of that country. Crypterium AS is incorporated in Estonia with company number 14352837 with a registered office at 5 A. Lauteri, Tallinn, 10114. 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The program aims to educate, inspire, incentivize and grow the Choise.com global community and reward its leaders (ambassadors) for valuable contributions.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAs the Choise.com Ambassador you will be provided with a unique opportunity to identify your talents, and develop them into full scale core skills.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cb\u003eYou will be guided by the following goals:\u003c/b\u003e\u003c/p\u003e\u003col\u003e\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eEducate the crypto community about the company and our MetaFi ecosystem and guide them on the available solutions and opportunities.\u003c/span\u003e\u003c/li\u003e\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eGrow and expand the Choise.com community in global and local social media.\u003c/span\u003e\u003c/li\u003e\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eInspire – encourage ideas within the Choise.com community.\u003c/span\u003e\u003c/li\u003e\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eIncrease the adoption of our products and services.\u003c/span\u003e\u003c/li\u003e\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eBuild brand recognition for Choise.com across the globe.\u003c/span\u003e\u003c/li\u003e\u003c/ol\u003e\u003cp\u003e\u003cb\u003eYour activities as the Ambassador depend on your interests:\u003c/b\u003e\u003c/p\u003e\u003cul\u003e\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eTalk about Choise.com on social media and invite friends.\u003c/span\u003e\u003c/li\u003e\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ePresent tutorials on our products to your community, as well as App’s reviews.\u003c/span\u003e\u003c/li\u003e\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eFind bugs or glitches on our website or in our App.\u003c/span\u003e\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eLooking forward you will also help to test products and offer ideas to improve the documentation.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"alignnone wp-image-14803 size-large\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/10/become_ambassador_4-1024x256.png\" alt=\"\" width=\"1024\" height=\"256\" /\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eApart from the respect and recognition that comes with the role of the community leader, you will be the first to know Choise.com news and to test the new products.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAlso, you will receive fair rewards. Note that the size of the reward depends on the task. Choise.com prioritizes quality and carefully reviews all the content submitted by the Ambassadors.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"alignnone wp-image-14800 size-large\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/10/become_ambassador_1-1024x256.png\" alt=\"\" width=\"1024\" height=\"256\" /\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWe are looking for Web3, DeFi, and the Choise.com community leaders who have the skills and determination to promote Choise.com across global and local channels and communities.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe Ambassadors will act as representatives, creators, educators, influencers, and more.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThis program is for you if you are an opinion leader in your community, a Youtube content creator, an influencer on Twitter, or someone who simply just likes to make memes.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"alignnone wp-image-14804 size-large\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/10/become_ambassador_5-1024x256.png\" alt=\"\" width=\"1024\" height=\"256\" /\u003e\u003c/p\u003e\u003cp\u003e\u003cb\u003eGrow alongside with Choise.com\u003c/b\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAll Choise.com Ambassadors start at Level 1. The Ambassadors who perform tasks accurately and efficiently will have the opportunity to increase their level and receive even more benefits within the program.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"alignnone wp-image-14802 size-large\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/10/become_ambassador_2-1024x256.png\" alt=\"\" width=\"1024\" height=\"256\" /\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAs the Ambassador, you will receive rewards for your participation in the program in Points. The points are special units for assessing the quality of tasks performed.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eJust log in your profile on the \u003c/span\u003e\u003ca href=\"https://clck.ru/32VoTf\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eAmbassadors’ prog\u003c/span\u003e\u003cspan style=\"font-weight: 400;\"\u003er\u003c/span\u003e\u003cspan style=\"font-weight: 400;\"\u003eam page\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, select the available reward (depending on the amount of Points) and send us your request via the “Get reward” button.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe requests can be sent anytime, while the distribution of rewards will occur on the last working day of each month.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYou can always check your Points’ history in your profile.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"alignnone wp-image-14801 size-large\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/10/become_ambassador_1-1-1024x256.png\" alt=\"\" width=\"1024\" height=\"256\" /\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWant to help spread the word about Choise.com and become a driver of the next era of MetaFi? \u003c/span\u003e\u003ca href=\"https://clck.ru/32VoTf\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eApply to become the Choise.com Ambassador now\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e and earn rewards while helping to educate, inspire, incentivize and grow the Choise.com community.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cb\u003eStep #1\u003c/b\u003e\u003cspan style=\"font-weight: 400;\"\u003e – Go to the \u003c/span\u003e\u003ca href=\"https://clck.ru/32VoTf\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eChoise.com Ambassadors’ program page\u003c/span\u003e\u003c/a\u003e \u003cspan style=\"font-weight: 400;\"\u003eand tap on the “Become an Ambassador” button on the main screen.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cb\u003eStep #1.1 \u003c/b\u003e\u003cspan style=\"font-weight: 400;\"\u003e– In case you are not registered in Choise.com App – \u003c/span\u003e\u003ca href=\"https://crpt.onelink.me/WpQ0/nbx2nw6f?b=site_choise_com\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eDownload Choise.com App\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e and create an account.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cb\u003eStep #2 \u003c/b\u003e\u003cspan style=\"font-weight: 400;\"\u003e– Connect your Metamask wallet (\u003ca href=\"https://choise.com/news/tutorials/how-to-install-metamask\"\u003eHow to connect MetaMask?\u003c/a\u003e).\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cb\u003eStep #3\u003c/b\u003e\u003cspan style=\"font-weight: 400;\"\u003e – Fill in the Verification form with your telephone number and password registered in the Choise.com App. You need to do it only once. Further authorization will be conducted with Metamask.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cb\u003eStep #4\u003c/b\u003e\u003cspan style=\"font-weight: 400;\"\u003e – Сhoose the task you’d like to complete.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cb\u003eStep #5\u003c/b\u003e\u003cspan style=\"font-weight: 400;\"\u003e – Complete the task and send the result to us. All your tasks’ results will be displayed in your profile.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWe have made the Ambassador club both in Telegram and Discord to provide you with opportunities to communicate with the team and other Ambassadors from all over the Globe.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eDiscuss tasks, ask you questions and propose your ideas here:\u003c/span\u003e\u003c/p\u003e\u003cul\u003e\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003ca href=\"https://clck.ru/zsYDB\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eDiscord – EN\u003c/span\u003e\u003c/a\u003e\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cb\u003eSee you among the Choise.com Ambassadors!\u003c/b\u003e\u003cb\u003e\u003cbr /\u003e\u003c/b\u003e\u003c/p\u003e","seo_title":null,"seo_description":null,"seo_image":null,"old_image":"https://wp.prod.testessential.net/wp-content/uploads/2022/10/become_ambassador_blog_cover.png","seo_keywords":null,"short_content":"Educate and inspire the crypto community, expand your influence, complete tasks and be rewarded.","image":null,"category":{"title":"Crypto Lifestyle","slug":"crypto-lifestyle"}},{"id":8800,"status":"published","sort":null,"user_created":"ca36dd59-e84f-4468-80da-d7762c746176","date_created":"2022-03-09T13:20:42.000Z","user_updated":null,"date_updated":null,"title":"TOP-15 Best Crypto \u0026 Bitcoin News Sites","slug":"best-cryptocurrency-news-websites","content":"\n\u003cp\u003eThese websites are aimed to cover all the blockchain and crypto-related news that can keep the readers updated regarding the latest happening in the industry.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cmark\u003eThe blockchain industry is ever-evolving; you can expect advancements at a lightning-fast pace. When it comes to cryptocurrency, there is always something new that awaits the miners and the crypto enthusiasts. \u003cstrong\u003eAll this news must be covered thoroughly to provide authentic news to the world\u003c/strong\u003e.\u003c/mark\u003e\u003c/p\u003e\n\n\n\n\u003ch2\u003eBest Cryptocurrency News Websites\u003c/h2\u003e\n\n\n\n\u003cp\u003eWhether you intend to invest in blockchain technology or not, knowing about the recent happening in the blockchain and crypto world is always beneficial.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cmark\u003eThere are plenty of crypto sites in the market that can provide you with recent news. But, it is essential to find the most authentic source.\u003c/mark\u003e\u003c/p\u003e\n\u003cp\u003eIf you are also in search of such reliable and credible sources, here is a list of best cryptocurrency news sites that you need to take a look at:\u003c/p\u003e\n\n\n\n\u003ch3\u003e\u003cstrong\u003e#1 — CoinDesk\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eOne of the leading names among the top cryptocurrency media websites dedicated to blockchain and crypto is \u003ca href=\"https://www.coindesk.com/\" rel=\"nofollow\"\u003eCoinDesk\u003c/a\u003e. Started its publishing back in 2003, CoinDesk has been growing tremendously since then.\u003c/p\u003e\n\n\n\n\u003cp\u003eFilling the readers with authentic news on the entire cryptocurrency industry, CoinDesk has been doing a great job. Whether it is to find the rise and fall in the Bitcoin Price Index or the new cryptocurrency making its way into the industry, \u003cstrong\u003eCoinDesk will cover everything for you\u003c/strong\u003e.\u003c/p\u003e\n\n\n\n\u003ch3\u003e\u003cstrong\u003e#2 — CoinTelegraph\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eIf you are looking for dedicated news sites that will cover everything regarding Ethereum, Bitcoin and other cryptocurrencies, then you can undoubtedly turn towards \u003ca href=\"https://cointelegraph.com/\" rel=\"nofollow\"\u003eCoinTelegraph\u003c/a\u003e. It is one of the active and popular crypto news sites that post a number of articles and news every day.\u003c/p\u003e\n\n\n\n\u003cp\u003eYou can learn about all the recent happenings in the crypto market at CoinTelegraph. Another great thing about Coin Telegraph is that it is available in different languages like English, Brazilian, Spanish, Japanese, Serbian, and many more.\u003c/p\u003e\n\n\n\n\u003ch3\u003e\u003cstrong\u003e#3 — CCN\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eCCN is a dedicated news website that provides all the recent news regarding all the major cryptocurrencies in the market. It is a Norway based media company that has shot to fame for its crypto news.\u003c/p\u003e\n\n\n\n\u003cp\u003eYou can also find valuable Blockchain insights on \u003ca href=\"https://www.ccn.com/\" rel=\"nofollow\"\u003eCCN\u003c/a\u003e, and other vital information regarding the market like ICO Calendar, cryptocurrency news, market cap, DLT events, etc. Apart from the news, you can enhance your knowledge regarding the industry with its blog section as well.\u003c/p\u003e\n\n\n\n\u003ch3\u003e\u003cstrong\u003e#4 — TodayOnChain\u003c/strong\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cimg loading=\"lazy\" class=\"aligncenter wp-image-13289 size-full\" title=\"best crypto news websites\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/01/todayonchain.jpg\" alt=\"best crypto news websites\" width=\"1109\" height=\"635\" /\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eIt is a famous news site that covers all the details regarding blockchain and cryptocurrency. \u003ca href=\"https://www.todayonchain.com/\" rel=\"nofollow\"\u003eTodayOnChain\u003c/a\u003e acquires news from different sources, so you can find an abundance of news related to the blockchain industry here.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cmark\u003eTodayOnChain takes reference from sites like CoinDesk, CoinTelegraph, CCN, etc. TodayOnChain is more like a news aggregator that forwards the trending news of the crypto and blockchain industry.\u003c/mark\u003e\u003c/p\u003e\n\n\n\n\u003ch3\u003e\u003cstrong\u003e#5 — News BTC\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eIt is a renowned blockchain and crypto news platform that will fill you up with all the latest happenings in the industry. \u003ca href=\"https://www.newsbtc.com/\" rel=\"nofollow\"\u003eNews BTC\u003c/a\u003e covers technical analysis, reviews, and other vital details of the crypto and blockchain community.\u003c/p\u003e\n\n\n\n\u003cp\u003eYou can find a wide range of news and articles published every day on the site that can provide you with insights regarding the industry. At News BTC, you can find a wide range of educational materials, ICO listing, and events calendars as well.\u003c/p\u003e\n\n\n\n\u003ch3\u003e\u003cstrong\u003e#6 — Bitcoin Magazine\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eAs the name suggests, at \u003ca href=\"https://bitcoinmagazine.com/\" rel=\"nofollow\"\u003eBitcoin Magazine\u003c/a\u003e, you can find everything about Bitcoin. It is one of the first publications that is exclusively dedicated to BTC news.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe founder of the magazine is also the creator of Ethereum that makes this platform another top-rated news outlet. Though it was started as a dedicated Bitcoin news site, now the site has also started to cover other cryptocurrencies. Bitcoin Magazine majorly \u003cstrong\u003efocuses on price analysis, reviews, research, etc\u003c/strong\u003e.\u003c/p\u003e\n\n\n\n\u003ch3\u003e\u003cstrong\u003e#7 — CryptoSlate\u003c/strong\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cimg loading=\"lazy\" class=\"aligncenter wp-image-13290 size-full\" title=\"top crypto sites\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/01/Skrinshot-16-03-2022-153319.jpg\" alt=\"top crypto sites\" width=\"902\" height=\"504\" /\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eIntending to provide transparent and authentic news of the cryptocurrency and distributed ledger technology industry, \u003ca href=\"https://cryptoslate.com/\" rel=\"nofollow\"\u003eCryptoSlate\u003c/a\u003e is a renowned news website in the industry.\u003c/p\u003e\n\n\n\n\u003cp\u003eIt is a Seattle based news and media company that was founded in 2017. Despite being a newly-established news company, CryotoSlate has claimed significant recognition in the industry over the past few years. Apart from the crypto news, CryptoSlate covers a wide range of information regarding ICOs, crypto ranking, and events.\u003c/p\u003e\n\n\n\n\u003ch3\u003e\u003cstrong\u003e#8 — Bitcoinist\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eDespite its name associated with Bitcoin, \u003ca href=\"https://bitcoinist.com/\" rel=\"nofollow\"\u003eBitcoinist\u003c/a\u003e covers all the major cryptocurrencies and its news. Not only regarding the cryptocurrencies, but Bitcoinist also focuses on providing readers with all the necessary information regarding the blockchain industry as well.\u003c/p\u003e\n\n\n\n\u003cblockquote\u003e\n\u003cp\u003eYou can read as many new articles as you want, as there are many engaging articles in a day that can keep you completely posted.\u003c/p\u003e\n\u003c/blockquote\u003e\n\n\n\n\u003ch3\u003e\u003cstrong\u003e#9 — Forbes\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eA popular magazine that has taken the digital market with a storm, \u003cstrong\u003eForbes is a name that is equivalent to media and entertainment\u003c/strong\u003e. The magazine was launched back in 2017 and soon took the digital version as well. Forbes is a leading outlet that covers the entire news regarding the DLT industry.\u003c/p\u003e\n\n\n\n\u003cp\u003eTo take their specialty a level further, Forbes took an initiative to bring the line of digital news distribution for blockchain, which was named Forbes Crypto. At \u003ca href=\"https://www.forbes.com/crypto-blockchain/\" rel=\"nofollow\"\u003eForbes Crypto\u003c/a\u003e, you can find everything under the sun related to distributed ledger technology and crypto.\u003c/p\u003e\n\n\n\n\u003ch3\u003e\u003cstrong\u003e#10 — Null Tx\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eEarlier known with the name The Merkle, \u003ca href=\"https://nulltx.com/\" rel=\"nofollow\"\u003eNull Tx\u003c/a\u003e is a dedicated news platform for the latest on cryptocurrencies, including Bitcoin, Ethereum, and many more.\u003c/p\u003e\n\n\n\n\u003cp\u003eApart from the news, you can find valuable educational articles that will make you learn more about the industry. It was founded in 2014, and since then, Null Tx has remained a prominent name in the list of best crypto news sites. Along with crypto news, Null Tx also has a dedicated section for the financial technology sector.\u003c/p\u003e\n\n\n\n\u003ch3\u003e\u003cstrong\u003e#11 — Bitcoin.com\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eAbiding by its name, Bitcoin.com is exclusively dedicated to the wide range of Bitcoin news. From news to information articles, you can find it all at \u003ca href=\"https://www.bitcoin.com/\" rel=\"nofollow\"\u003eBitcoin.com\u003c/a\u003e.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe site is not just a crypto currency news platform; it is a complete website that covered the Bitcoin happenings, and the news is only a small section on the website.\u003c/p\u003e\n\n\n\n\u003cp\u003eNews regarding \u003ca href=\"https://choise.com/wallet\"\u003eBitcoin wallets\u003c/a\u003e, mining, \u003ca href=\"https://choise.com/news/crypto-lifestyle/best-bitcoin-casinos-2020\"\u003egambling\u003c/a\u003e, etc. can be spotted on this site every day. The site is openly biased towards BTC. Hence, they do not add anything related to other cryptocurrencies news unless they are the competitors.\u003c/p\u003e\n\n\n\n\u003ch3\u003e\u003cstrong\u003e#12 — Cryptovest\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eAn ideal place to get all the information regarding the ICOs and the blockchain industry, \u003ca href=\"https://cryptovest.com/\" rel=\"nofollow\"\u003eCryptovest\u003c/a\u003e is a leading news and media platform that you can come across. They are primarily dedicated to \u003cstrong\u003etop crypto news regarding ICOs and all the necessary information regarding it\u003c/strong\u003e.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe site also shares its opinion and outlook regarding blockchain development that provides the readers with a new perspective of the crypto world. Cryptovest also offers a directory of companies, people, and events in the distributed ledger industry.\u003c/p\u003e\n\n\n\n\u003ch3\u003e\u003cstrong\u003e#13 — Invest In Blockchain\u003c/strong\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cimg loading=\"lazy\" class=\"aligncenter wp-image-13291 size-full\" title=\"top crypto websites\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/01/a.jpg\" alt=\"top crypto websites\" width=\"1012\" height=\"631\" /\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eStriving to provide the readers with authentic information regarding blockchain and crypto, \u003ca href=\"https://www.investinblockchain.com/\" rel=\"nofollow\"\u003eInvest in Blockchain\u003c/a\u003e is a credible media site. It covers a wide range of information prevailing in the crypto market, and that needs to be broadcasted for investors\u0026#8217; knowledge.\u003c/p\u003e\n\n\n\n\u003cp\u003eInvest in Blockchain\u0026#8217;s forte is not limited to the latest news; they have multiple sections on the websites that are aligned with blogs, articles, reviews, analysis, technical tweaks, and whatnot. It is also one of the successfully running news platforms for DLT as well.\u003c/p\u003e\n\n\n\n\u003ch3\u003e\u003cstrong\u003e#14 — Blockonomi\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eLaunched back in 2017, \u003ca href=\"https://blockonomi.com/\" rel=\"nofollow\"\u003eBlockonomi\u003c/a\u003e was founded with a motto to cover all the aspects of fintech, cryptocurrencies, and blockchain economy.\u003c/p\u003e\n\n\n\n\u003cp\u003eWhile it is among the newest cryptocurrency media outlets, Blocknomi has quickly made a name of itself by offering all sorts of informative data that will take you through the latest happenings in the crypto world.\u003c/p\u003e\n\n\n\n\u003cblockquote\u003e\n\u003cp\u003eIf you are a beginner in the DLT industry, you can search for guides on the site to help you through the journey. In a nutshell, it is a one-stop destination to find everything about the blockchain and crypto community.\u003c/p\u003e\n\u003c/blockquote\u003e\n\n\n\n\u003ch3\u003e\u003cstrong\u003e#15 — Coinspeaker\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eLast but not least, \u003ca href=\"https://www.coinspeaker.com/\" rel=\"nofollow\"\u003eCoinspeaker\u003c/a\u003e literally speaks about everything happening in the crypto and blockchain market. It cannot be deemed as a news company per se, as it accommodates a wide range of information regarding the finance world that includes, BTC, stock market, fintech, cryptocurrency, etc.\u003c/p\u003e\n\n\n\n\u003cp\u003eCoinspeaker has a special section for news on the website where you can avail of all the recent information regarding the distributed ledger technology and crypto.\u003c/p\u003e\n\u003cp\u003e\u003ciframe loading=\"lazy\" title=\"best crypto news\" src=\"https://www.youtube.com/embed/YNqUjNTZ_wU\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"\u003e\u003cspan data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"\u003e\u003c/span\u003e\u003c/iframe\u003e\u003c/p\u003e\n\u003ch2\u003eYou may ask: \u0026#8220;Where can I find good crypto information?\u0026#8221;\u003c/h2\u003e\n\u003col\u003e\n\u003cli\u003eCoinDesk;\u003c/li\u003e\n\u003cli\u003eCoinTelegraph;\u003c/li\u003e\n\u003cli\u003eCCN;\u003c/li\u003e\n\u003cli\u003eTodayOnChain;\u003c/li\u003e\n\u003cli\u003eNews BTC;\u003c/li\u003e\n\u003cli\u003eBitcoin.com;\u003c/li\u003e\n\u003cli\u003eCryptoSlate.\u003c/li\u003e\n\u003c/ol\u003e\n\n\n\n\u003ch2\u003eThe Bottom Line\u003c/h2\u003e\n\n\n\n\u003cp\u003eThe blockchain and crypto industry is continuously evolving, paving ways for innovations and advancements. If you are investing or intend to \u003ca href=\"https://choise.com/interest-accounts\"\u003einvest\u003c/a\u003e in distributed ledger technology, it is essential to remain aware of the industry\u0026#8217;s happenings.\u003c/p\u003e\n\n\n\n\u003cp\u003eThere is a lot of information regarding blockchain and crypto out there that needs to be grabbed. For this, you need to choose a reliable news site that can provide you with the most authentic news regarding blockchain and crypto.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe above mentioned were some of the \u003cstrong\u003ebest crypto and blockchain news sites\u003c/strong\u003e that are highly popular in the industry for their credibility.\u003c/p\u003e\n","seo_title":"15 Best Cryptocurrency News Websites In The World 2022","seo_description":null,"seo_image":null,"old_image":"https://wp.prod.testessential.net/wp-content/uploads/2020/04/news222-1.jpg","seo_keywords":null,"short_content":"Blockchain and crypto are the two hot topics in the world that are gaining constant traction. Whether for investment or fun, it\u0026#8217;s a fact that more and more people are taking an interest in cryptocurrencies. In this article, we\u0026#8217;ll guide you through some of the best websites to read cryptocurrency news.","image":null,"category":{"title":"Crypto Lifestyle","slug":"crypto-lifestyle"}},{"id":8641,"status":"published","sort":null,"user_created":"ca36dd59-e84f-4468-80da-d7762c746176","date_created":"2022-02-27T15:08:37.000Z","user_updated":null,"date_updated":null,"title":"TOP-7 Best Free Bitcoin Faucets For Earning BTC in 2022","slug":"best-bitcoin-faucets","content":"\n\n\n\u003cul\u003e\n\u003cli\u003e\u003ca href=\"#what-are-bitcoin-faucets\"\u003eWhat are Bitcoin Faucets?\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"#how-do-bitcoin-faucets-make-money\"\u003eHow do Bitcoin Faucets make money?\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"#are-bitcoin-faucets-worth-it\"\u003eAre Bitcoin Faucets worth it?\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"#best-bitcoin-faucets\"\u003eBest Bitcoin Faucets\u003c/a\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eTrading digital currencies can be an intimidating process for newbies, and not all new blockchain investors are willing to invest their hard-earned cash in Bitcoin right away (or any other crypto coin for that matter).\u003c/p\u003e\n\n\n\n\u003cp\u003eAnd that\u0026#8217;s where the best faucets come into play. These platforms are a simplified and free way for new crypto users to accumulate bitcoins while learning more about investing in the industry. Think of them as the perfect method to taste the waters of the crypto business before making an educated decision to go all in.\u003c/p\u003e\n\n\n\n\u003ch2 id=\"what-are-bitcoin-faucets\"\u003eWhat are Bitcoin Faucets?\u003c/h2\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eBitcoin Faucets are applications or websites that give rewards to their users.\u003c/strong\u003e These rewards are usually in the form of Bitcoins and are distributed after one completes specific tasks on the platforms.\u003c/p\u003e\n\n\n\n\u003cp\u003eExperts in the crypto realm compare crypto faucets to automated mechanisms that pay you after completing mindless tasks on the internet, such as clicking links, signing up on websites, watching videos, and playing games.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cmark\u003eWith that definition in mind, all you need to get involved with faucets is a \u003ca href=\"https://crypterium.com/wallet\"\u003ebitcoin wallet\u003c/a\u003e, which you can get for free. Most faucets we will look at today also use collaborative wallets like FaucetHub and CoinPot, both of which allow you to put all your earnings in one place. However, we recommended using an external wallet for security reasons.\u003c/mark\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eOne detail to take into account is that \u003cstrong\u003efaucet rewards come in the form of Satoshis\u003c/strong\u003e. A satoshi is the smallest unit recorded on the Bitcoin blockchain, which equals to 0.00000001 BTC.\u003c/p\u003e\n\n\n\n\u003ch2 id=\"how-do-bitcoin-faucets-make-money\"\u003eHow do Bitcoin Faucets make money?\u003c/h2\u003e\n\n\n\n\u003cp\u003eAfter visiting one of the sites in the list below, you will instantly realize that bitcoin faucets rely on ad placements to keep their sites running. These types of advertisements allow them to earn through either pay per impression (CPM) or pay per click (PPC).\u003c/p\u003e\n\n\n\n\u003cp\u003eAs a general rule of thumb, \u003cstrong\u003ea bitcoin faucet will stay in service as long as the amount it earns through ad revenue is higher than the bitcoins it gives out\u003c/strong\u003e to the platform\u0026#8217;s members.\u003c/p\u003e\n\n\n\n\u003ch2 id=\"are-bitcoin-faucets-worth-it\"\u003eAre Bitcoin Faucets worth it?\u003c/h2\u003e\n\n\n\n\u003cp\u003eAs you can already tell, Bitcoin faucets allow users to earn free bitcoins in small increments, often 1000 to 10000 satoshis at a time. But if you keep doing this over a long period, it will result in decent gains when Bitcoin shoots up in price.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cmark\u003eA few years ago, users could earn up to a single bitcoin in 3 to 4 days through bitcoin faucets. Needless to say, that would be a massive profit today. So yes, Bitcoin faucets are worth it and \u003cstrong\u003ecan be profitable in the long run\u003c/strong\u003e, especially if you\u0026#8217;re just getting started with bitcoin investments.\u003c/mark\u003e\u003c/p\u003e\n\n\n\n\n\n\u003ch2 id=\"best-bitcoin-faucets\"\u003eBest Bitcoin Faucets\u003c/h2\u003e\n\n\n\n\u003cp\u003eNow that you understand the basics of what crypto faucets are and why they are worth trying, it\u0026#8217;s time to pick the faucet that will allow you to earn free bitcoins and satoshis.\u003c/p\u003e\n\n\n\n\u003cp\u003eAs you would expect, the internet is filled with countless options. But as with everything else, they weren\u0026#8217;t all created equal. And after spending days reviewing all of them on your behalf, here are the best of the best.\u003c/p\u003e\n\n\n\n\u003ch3\u003e#1 — Cointiply\u003c/h3\u003e\n\u003cp\u003e\u003cimg loading=\"lazy\" class=\"aligncenter wp-image-13235 size-full\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/04/Screenshot_6.jpg\" alt=\"Cointiply\" width=\"1290\" height=\"536\" /\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eCointiply is currently one of the leading bitcoin faucets, thanks to its huge payouts and a wide array of tasks one can take to earn satoshis.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe site has paid its members more than $450,000 since its inception. But what we believe sets it apart from most of its counterparts is its highly intuitive dashboard and friendly UX.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003ca href=\"https://cointiply.com/\" target=\"_blank\" rel=\"noopener nofollow\"\u003eCointiply\u003c/a\u003e also offers a wide array of tasks, including installing apps, browser games, watching videos, visiting other web pages, and more.\u003c/p\u003e\n\n\n\n\u003cp\u003eWith every faucet spin, each member stands a chance to win up to 100,000 satoshis. Once you accumulate at least 35,000 satoshis, you can withdraw your earnings to your cryptocurrency wallet.\u003c/p\u003e\n\n\n\n\u003ch3\u003e#2 — Bitcoin Aliens\u003c/h3\u003e\n\n\n\n\u003cp\u003e\u003ca href=\"https://www.bitcoinaliens.com/\" target=\"_blank\" rel=\"noopener nofollow\"\u003eBitcoin Aliens\u003c/a\u003e has one of the highest paying averages in the industry, averaging a payout of approximately 9,000 satoshis every five minutes. Currently, the site has more than 2.5 million registered users, and it claims to have paid more than 1090 Bitcoins since its launch in 2014.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image\"\u003e\u003cimg loading=\"lazy\" class=\"aligncenter\" title=\"Bitcoin Aliens | Mobile Apps | Free Crypto Coins\" src=\"https://i0.wp.com/free-crypto-coins.com/wp-content/uploads/2019/08/com.bitcoinaliens.faucet-featured.jpg?w=700\u0026amp;ssl=1\" alt=\"Bitcoin Aliens | Mobile Apps | Free Crypto Coins\" width=\"700\" height=\"342\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eAnother great advantage of Bitcoin Aliens is that you can get this faucet app on your smartphone and play on the go any of the games available to earn bitcoins and other digital coins.\u003c/p\u003e\n\n\n\n\n\n\n\n\u003ch3\u003e#3 — FreeBitco\u003c/h3\u003e\n\n\n\n\u003cp\u003e\u003ca href=\"https://freebitco.in/\" target=\"_blank\" rel=\"noopener nofollow\"\u003eFreeBitco\u003c/a\u003e is a fairly new player in the industry, having launched in 2018. Interestingly, this bitcoin faucet has already collected more than 100,000 registered users and has also paid out an astonishing 199 bitcoins to members since its inception. What\u0026#8217;s more? FreeBitco allows you to earn up to $300 in bitcoins every hour.\u003c/p\u003e\n\u003cp\u003e\u003cimg loading=\"lazy\" class=\"aligncenter size-full wp-image-13236\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/04/Screenshot_7.jpg\" alt=\"https://freebitco.in/\" width=\"1156\" height=\"317\" /\u003e\u003c/p\u003e\n\n\n\n\n\n\u003ch3\u003e#4 — Satoshi Quiz\u003c/h3\u003e\n\n\n\n\u003cp\u003eIf you\u0026#8217;re a brainiac and are looking to place your random trivia knowledge to good use, then consider checking out \u003ca href=\"https://www.satoshiquiz.com/\" target=\"_blank\" rel=\"noopener nofollow\"\u003eSatoshi Quiz\u003c/a\u003e. This platform allows you to participate in a timed \u0026#8220;who wants to be a millionaire\u0026#8221; type of game. For every question you get right, the platform rewards you with satoshis.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image\"\u003e\u003cimg src=\"https://i2.wp.com/opinions.prismprojects.biz/wp-content/uploads/2017/10/satoshi-quz-free-bitcoinsbanner.png?ssl=1\" alt=\"Satoshiquiz.com – Bitcoin Faucet, Earn Satoshi by answering quiz ...\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eThe questions pay an average of 100 satoshis, and the timer for each is 60 seconds. The minimum withdrawal is 11,000 satoshis, and bitcoin payments are processed once each week (typically on Sundays).\u003c/p\u003e\n\n\n\n\u003ch3\u003e#5 — Free Faucet\u003c/h3\u003e\n\n\n\n\u003cp\u003eAfter creating an account on \u003ca href=\"https://freefaucet.io/\" target=\"_blank\" rel=\"noopener nofollow\"\u003eFree Faucet\u003c/a\u003e, you\u0026#8217;ll be allowed to complete tasks on other websites to earn free altcoins and Bitcoin. Tasks include signing up for sites, joining email lists, logging in, and more.\u003c/p\u003e\n\n\n\n\n\n\n\n\u003ch3\u003e#6 — Bitcoinker\u003c/h3\u003e\n\n\n\n\u003cp\u003e\u003ca href=\"https://bitcoinker.com/\" target=\"_blank\" rel=\"noopener nofollow\"\u003eBitcoinker\u003c/a\u003e allows you to make money by solving captchas and playing ads. Just like TimeForBitcoin, all you\u0026#8217;ll need to provide to access Bitcoinker is your bitcoin wallet address.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe platform indicates its users can receive up to 100,000 Satoshis every five minutes. It also claims that it has paid its members a \u003cstrong\u003etotal of 1,640,181,911 satoshis to date\u003c/strong\u003e.\u003c/p\u003e\n\n\n\n\n\n\n\n\n\n\n\n\u003ch3\u003e#7 — Daily Free Bits\u003c/h3\u003e\n\n\n\n\u003cp\u003eDaily Free Bits allows you to claim your rewards every 1 hour and earn 5 – 1200 satoshis per claim. And as soon as you reach the payout threshold of 100 satoshis, \u003ca href=\"https://dailyfreebits.com/\" target=\"_blank\" rel=\"noopener nofollow\"\u003eDaily Free Bits\u003c/a\u003e will make an instant payment to your Bitcoin address via Faucethub.io. Better yet, per referral, you\u0026#8217;ll earn 10 percent of your referral\u0026#8217;s earnings forever.\u003c/p\u003e\n\u003cp\u003e\u003cimg loading=\"lazy\" class=\"aligncenter wp-image-13237 size-full\" title=\"Daily Free Bits\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/04/Screenshot_8.jpg\" alt=\"Daily Free Bits\" width=\"841\" height=\"263\" /\u003e\u003c/p\u003e\n\n\n\n\n\n\u003ch2\u003eThe Bottom Line\u003c/h2\u003e\n\n\n\n\u003cp\u003eWe get it. Earning Bitcoin with a faucet might not be the faster way to do it. Still, it\u0026#8217;s an entry point to generate a small profit in a highly volatile market without risking much.\u003c/p\u003e\n\n\n\n\u003cp\u003eWhile it may take a while to move the funds from the faucet to your wallet, that day will eventually come. And when it does, we highly recommend that you move then funds to a secure and flexible multi-currency wallet.\u003c/p\u003e\n\n\n\n\u003cp\u003eCrypterium is an all-in-one wallet that enables you to not only receive and store BTC and other digital currencies but also send, exchange, buy, cash out, and even spend with a global crypto card. The best part? It\u0026#8217;s lifetime free, and all your funds are 100% insured by JP Morgan-backed BitGo.\u003c/p\u003e\n","seo_title":null,"seo_description":null,"seo_image":null,"old_image":"https://wp.prod.testessential.net/wp-content/uploads/2020/04/faucets.jpg","seo_keywords":null,"short_content":"If you have decided to venture into the cryptocurrency industry, then we are confident you have heard about the world\u0026#8217;s most famous digital currency — Bitcoin. Since this cryptocurrency dominates the entire market, it\u0026#8217;s only natural for new investors to gravitate toward it.","image":null,"category":{"title":"Crypto Lifestyle","slug":"crypto-lifestyle"}},{"id":13096,"status":"published","sort":null,"user_created":"ca36dd59-e84f-4468-80da-d7762c746176","date_created":"2022-01-28T13:12:40.000Z","user_updated":null,"date_updated":null,"title":"CeFi vs DeFi (And What Is It) — Difference between CeFi and DeFi","slug":"what-is-cefi-defi","content":"\u003cnav\u003e\u003cul\u003e\u003cli\u003e\u003ca href=\"#centralized\"\u003eCentralized Finance;\u003c/a\u003e\u003c/li\u003e\u003cli\u003e\u003ca href=\"#decentralized\"\u003eDecentralized Finance;\u003c/a\u003e\u003c/li\u003e\u003cli\u003e\u003ca href=\"#how\"\u003eHow DeFi differs from CeFi;\u003c/a\u003e\u003c/li\u003e\u003cli\u003e\u003ca href=\"#services\"\u003eFinancial Services of DeFi and CeFi Compared;\u003c/a\u003e\u003c/li\u003e\u003cli\u003e\u003ca href=\"#crypto-assets\"\u003eCrypto Assets Liquidity: Where DeFi and CeFi Coincide;\u003c/a\u003e\u003c/li\u003e\u003cli\u003e\u003ca href=\"#pros-and-cons\"\u003ePros and Cons of DeFi and CeFi;\u003c/a\u003e\u003c/li\u003e\u003cli\u003e\u003ca href=\"#crypterium\"\u003eCrypterium Unites DeFi and CeFi under One Roof.\u003c/a\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/nav\u003e\u003cp\u003eAs the use cases of virtual currencies have only been increasing over the last decade, two different phenomena, stemming from the same concept, are receiving much attention from both crypto enthusiasts and institutional investors: centralized finance (CeFi) and \u003ca href=\"https://crypterium.com/news/post/what-is-defi-crypto\"\u003edecentralized finance (DeFi)\u003c/a\u003e.\u003c/p\u003e\u003cp\u003e\u003cmark\u003eWhile both crypto market concepts revolve around the same goal (to let ordinary people use digital currencies for monetary activities), their methods to achieve this are quite different.\u003c/mark\u003e\u003c/p\u003e\u003cp\u003eLet’s delve into these two concepts, find similarities and differences between CeFi and DeFi, spotlight the advantages and disadvantages of both, and explore where two worlds overlap.\u003c/p\u003e\u003ch2 id=\"centralized\"\u003eCentralized Finance\u003c/h2\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"aligncenter size-full wp-image-13098\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/01/cr_cefi_defi_blog_1.jpg\" alt=\"cefi crypto\" width=\"1200\" height=\"300\" /\u003e\u003c/p\u003e\u003cp\u003eIt may sound like a surprise but Centralized Finance platforms were the first in the industry to offer services for trading cryptocurrencies. In a centralized entity, all transactions are routed through a central exchange. That is, funds are controlled by a given central exchange. With a CeFi platform, you do not own a private key that gives you access to \u003ca href=\"https://crypterium.com/wallet\"\u003eyour wallet\u003c/a\u003e.\u003c/p\u003e\u003cp\u003eMore than that, the CeFi exchange decides on which coins they will \u003ca href=\"https://crypterium.com/crypto-lifestyle/whats-the-tax-on-crypto-profits/\"\u003einclude\u003c/a\u003e in their inventories for trading or which fees users will pay to use the functionality of this exchange.\u003c/p\u003e\u003cp\u003eYou do not have authority over your digital assets when you buy or sell crypto through a centralized exchange. Moreover, you are exposed to the rules that the \u003ca href=\"https://crypterium.com/latest/crypto-lending-platforms/\"\u003ecentralized platform\u003c/a\u003e establishes for its participants \u003cstrong\u003e(such as Know Your Customer procedures, withdrawal limits, restrictions on the volume of trading, etc.)\u003c/strong\u003e.\u003c/p\u003e\u003ch2 id=\"decentralized\"\u003eDecentralized Finance\u003c/h2\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"aligncenter size-full wp-image-13099\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/01/cr_cefi_defi_blog_2.jpg\" alt=\"what is cefi and defi\" width=\"1200\" height=\"300\" /\u003e\u003c/p\u003e\u003cp\u003eThe key characteristic of a decentralized exchange is that it does not require any middle man (a centralized entity) to offer \u003ca href=\"https://crypterium.com/news/categories/dailyanalysis\"\u003ecrypto trading\u003c/a\u003e services. A decentralized exchange (DEX) has a peer-to-peer nature, meaning it connects buyers and sellers directly, without involving any third-party intermediation such as a traditional bank. All processes on a DeFi exchange are automatically arranged, controlled, and handled by smart contracts developed on the basis of a blockchain.\u003c/p\u003e\u003cp\u003eThe purpose of \u003ca href=\"https://crypterium.com/crypto-lifestyle/the-main-idea-behind-digital-assets-is-decentralization-but-major-players-are-centralized-how-come/\"\u003edecentralized exchanges\u003c/a\u003e is to create an effective, transparent, and fair global financial system where anyone can participate, even if they don’t have a bank account. It enables millions of people all over the world, where banking services are poor or totally absent, to get easy access to quality financial and banking services with the help of blockchain technology.\u003c/p\u003e\u003cp\u003eDecentralized Finance aims to create an open-source, permissionless, and traceable financial ecosystem. It provides a good diversity of cryptocurrency-related financial activities, including crypto lending, margin trading, \u003ca href=\"https://crypterium.com/deposits\"\u003einvestment\u003c/a\u003e, borrowing, fund risk management, yield farming, digital asset storage, and even a decentralized predictions market \u003cstrong\u003e(one of the ground-breaking financial services of DeFi allowing you to make money on correct forecasts of future events)\u003c/strong\u003e.\u003c/p\u003e\u003cp\u003eDeFi solutions have one remarkable edge over centralized counterparts: with DeFi, you have full authority over your digital assets, and the private key to your wallet belongs only to you. Users willing to access DeFi services need to utilize decentralized applications (dapps) hosted \u003ca href=\"https://crypterium.com/news/categories/blockchain\"\u003eon the blockchain\u003c/a\u003e.\u003c/p\u003e\u003ch2 id=\"how\"\u003eHow DeFi differs from CeFi\u003c/h2\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"aligncenter size-full wp-image-13100\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/01/cr_cefi_defi_blog_3.jpg\" alt=\"difference between cefi and defi\" width=\"1200\" height=\"300\" /\u003e\u003c/p\u003e\u003cp\u003eWhen comparing DeFi and CeFi ecosystems, the question is whom users tend to trust more: \u003cstrong\u003ethe technology or humans\u003c/strong\u003e.\u003c/p\u003e\u003cp\u003eWith DeFi, users trust blockchain technology to carry out and control services offered by decentralized protocols. On the flip side, with CeFi, users entrust people \u003ca href=\"https://crypterium.com/business\"\u003eto do business\u003c/a\u003e on their behalf: \u003cstrong\u003eto manage funds and handle transactions\u003c/strong\u003e. Yet, both industries offer a broad spectrum of cryptocurrency-related financial services.\u003c/p\u003e\u003ch3\u003eFeatures of CeFi\u003c/h3\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"aligncenter size-full wp-image-13101\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/01/cr_cefi_defi_blog_3-1.jpg\" alt=\"defi and cefi\" width=\"1200\" height=\"300\" /\u003e\u003c/p\u003e\u003ch4\u003eCentralized Exchange (CEX)\u003c/h4\u003e\u003cp\u003eThere is no shortage of centralized finance exchanges on the market. Large centralized exchanges include Binance and Coinbase. With a CEX, members send funds to the exchange, so it manages people’s money on an internal account. Although the funds are held on the exchange, they are not fully controlled by the user and exposed to stealing if the security measures taken by the exchange fail.\u003c/p\u003e\u003cp\u003eDue to their custodial nature, CeFi platforms often make lucrative targets for hacker attacks. To be able to access CeFi services, users need to provide plenty of personal information, and when users send funds, they virtually give control over their money to the CeFi exchange.\u003c/p\u003e\u003cp\u003e\u003cmark\u003eLarge exchanges have full-fledged departments with customer service teams that are eager to provide a helping hand to the clients that have issues. Easily accessible customer support of a CeFi cryptocurrency exchange gives clients peace of mind that their assets are in safe hands.\u003c/mark\u003e\u003c/p\u003e\u003ch4\u003eFiat-to-Crypto Conversions\u003c/h4\u003e\u003cp\u003eAn unbeatable advantage of CeFi space over DeFi is that it supports fiat-to-crypto (and vice versa) transactions. Conversions between cryptocurrencies and fiat money usually involve the mediation of a centralized authority (such as a bank or a credit organization). However, \u003ca href=\"https://crypterium.com/crypto-wallets/best-crypto-wallet/\"\u003eDeFi exchanges\u003c/a\u003e generally do not offer such flexibility. Onboarding customers into the CeFi ecosystem is easy and typically ends up with a positive user experience.\u003c/p\u003e\u003ch4\u003eCross-chain services\u003c/h4\u003e\u003cp\u003eCentralized Finance (CeFi) platforms support different independent blockchain technologies and allow you to trade various crypto assets and altcoins such as \u003ca href=\"https://crypterium.com/coin/buy-btc\"\u003eBTC\u003c/a\u003e, \u003ca href=\"https://crypterium.com/coin/buy-xrp\"\u003eXRP\u003c/a\u003e, \u003ca href=\"https://crypterium.com/coin/buy-ltc\"\u003eLTC\u003c/a\u003e among others. Due to the slowness and complexity of cross-chain transfers, DeFi services often do not support tokens issued on different blockchains. CeFi can solve this problem by getting custody of coins from multiple chains. This is a huge perk of CeFi because many trendy coins with a high market capitalization exist on independent blockchain systems and are not interoperable.\u003c/p\u003e\u003ch3\u003eFeatures of DeFi\u003c/h3\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"aligncenter size-full wp-image-13102\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/01/cr_cefi_defi_blog_4.jpg\" alt=\"\" width=\"1200\" height=\"300\" /\u003e\u003c/p\u003e\u003cp\u003eThe greatest allure behind DeFi is that you don\u0026#8217;t have to reveal your personal \u003ca href=\"https://crypterium.com/news/post/best-cryptocurrency-news-websites\"\u003einformation\u003c/a\u003e or trust the management of your funds to others. This minimizes the risk of using your information without your consent or stealing your funds. DeFi enables people to self-manage their assets without limiting their abilities to access services offered by a decentralized platform.\u003c/p\u003e\u003cp\u003e\u003cem\u003eKey traits of DeFi include:\u003c/em\u003e\u003c/p\u003e\u003ch4\u003eDecentralized Exchange (DEX)\u003c/h4\u003e\u003cp\u003eThe work of a decentralized exchange is ensured by a set of smart contracts deployed on some publicly distributed ledger like Ethereum. Smart contracts are programmed by a set of rules to autonomously execute transactions. The coded logic makes sure that it is only the users themselves and intelligent contracts that can be involved in the fulfillment of exchange operations.\u003c/p\u003e\u003ch4\u003ePermissionless\u003c/h4\u003e\u003cp\u003eYou require no permission to access DeFi. With a traditional \u003ca href=\"https://crypterium.com/insights/how-to-make-money-exchanging-cryptocurrency/\"\u003ecryptocurrency\u003c/a\u003e exchange, you will need to go through a KYC (Know Your Customer) procedure to access financial services, which means they have to share your private information or make a deposit with fiat before being able to use CeFi services.\u003c/p\u003e\u003cp\u003eIn DeFi space, users can directly perform financial operations using the wallet without sharing any personal info or depositing money. This is because DeFi is openly accessible to \u003ca href=\"https://crypterium.com/updates/new-year-2021-crpt-21/\"\u003eall participants\u003c/a\u003e, without any barriers or discrimination.\u003c/p\u003e\u003cp\u003e\u003cmark\u003eMoreover, developers can easily design their applications on top of a decentralized platform. DeFi provides high availability and collaboration within the community. Products developed in the DeFi ecosystem are designed to benefit from each other. For this reason, DeFi applications are also called money legos where one project stems from another.\u003c/mark\u003e\u003c/p\u003e\u003ch4\u003eTrustless\u003c/h4\u003e\u003cp\u003eThe biggest benefit of using DeFi services is that you don\u0026#8217;t have to trust that the service will perform as claimed. Users can confirm that DeFi services are working as needed by auditing their code and using external tools to determine if the transaction was completed correctly.\u003c/p\u003e\u003ch4\u003eRich ecosystem\u003c/h4\u003e\u003cp\u003eDeFi users can access a vast diversity of services and products to cover their everyday needs. Along with decentralized exchanges where you can buy and sell cryptocurrencies in a peer-to-peer manner, there is a bevy of other platforms offering vital DeFi financial services.\u003c/p\u003e\u003cul\u003e\u003cli\u003e\u003cb\u003eLending platforms\u003c/b\u003e. A crypto lending platform employs smart contracts to offer lending services without middlemen.\u003c/li\u003e\u003cli\u003e\u003cb\u003ePrediction markets\u003c/b\u003e. Taking classic betting to the next level, a decentralized predictions market allows you to wager on the outcome of future events and make money if your prognosis turns out correct. Such services are delivered without centralized mediation as well.\u003c/li\u003e\u003cli\u003e\u003cb\u003eYield farming\u003c/b\u003e: it is the way to earn interest on your crypto holdings by lending or staking your coins.\u003c/li\u003e\u003cli\u003e\u003cb\u003eInsurance. \u003c/b\u003eA decentralized insurance tool makes insurance more affordable, efficient, and transparent With the automation delivered by smart contracts, coverage becomes less expensive and payout claims are processed quicker. The circumstances to decide on the claim can be put into the contract’s logic to avoid errors and disputes.\u003c/li\u003e\u003cli\u003e\u003cb\u003eBorrowing\u003c/b\u003e. DeFi borrowing platforms offer crypto loans in a trustless fashion (without middlemen) and allow DeFi users to enlist their digital assets on the platform to earn interest from lending. Borrowers pay some interest upon returning a loan, and they also need to lock their collateral. If the loan is not paid off, a borrowing platform will confiscate the collateral and send it to the lender saving them from a financial loss.\u003c/li\u003e\u003cli\u003e\u003cb\u003eDeFi margin trading.\u003c/b\u003e Some decentralized lending platforms allow using borrowed funds to trade a financial asset that forms the collateral for the loan taken from the liquidity pool.\u003c/li\u003e\u003c/ul\u003e\u003ch4\u003eFast Technological Advancements\u003c/h4\u003e\u003cp\u003eAnother big advantage of DeFi is its swift innovation. The decentralized finance ecosystem is constantly building on cutting-edge technologies and experimenting with new opportunities, expanding the horizons of how crypto can be leveraged.\u003c/p\u003e\u003cp\u003eIn areas where CeFi prospers, DeFi is working to find alternative solutions to tackle issues. For example, to overcome DeFi\u0026#8217;s inability to facilitate the transfer of incompatible cryptocurrencies like Bitcoin, solutions like tBTC and WBTC that are compatible with DeFi protocols bridge the gap by acting as electronic tokens tied to the value of BTC. It allows DeFi users to access Bitcoin through decentralized platforms without using the token directly.\u003c/p\u003e\u003cp\u003e\u003ciframe loading=\"lazy\" title=\"CeFi vs. DeFi\" src=\"https://www.youtube.com/embed/BlS2sPioEEI\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"\u003e\u003cspan data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"\u003e\u003c/span\u003e\u003c/iframe\u003e\u003c/p\u003e\u003ch2 id=\"services\"\u003eFinancial Services of DeFi and CeFi Compared\u003c/h2\u003e\u003cp\u003eThe comparison of a business model of both ecosystems is presented in the table below:\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd rowspan=\"2\"\u003e\u003c/p\u003e\u003cp\u003e\u003cb\u003eCryptocurrency trading\u003c/b\u003e\u003c/td\u003e\u003cth style=\"text-align: center;\"\u003eCeFi\u003c/th\u003e\u003cth style=\"text-align: center;\"\u003eDeFi\u003c/th\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cb\u003eMargin trading\u003c/b\u003e\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cb\u003eDerivatives trading\u003c/b\u003e\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cb\u003eBorrowing\u003c/b\u003e\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cb\u003eLending crypto\u003c/b\u003e\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cb\u003eStablecoins\u003c/b\u003e\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cb\u003ePayments\u003c/b\u003e\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cb\u003eFiat-to-Crypto\u003c/b\u003e\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eNO\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cb\u003eCross-Chain Exchange\u003c/b\u003e\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003ePartly possible thanks to WBTC\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cb\u003eTransparent activity\u003c/b\u003e\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eNO\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cb\u003eRevealing personal information\u003c/b\u003e\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eNO\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cb\u003eNon-custodial\u003c/b\u003e\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eNO\u003c/td\u003e\u003ctd style=\"text-align: center;\"\u003eYES\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003ch2 id=\"crypto-assets\"\u003eCrypto Assets Liquidity: Where DeFi and CeFi Coincide\u003c/h2\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"aligncenter size-full wp-image-13103\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/01/cr_cefi_defi_blog_6.jpg\" alt=\"\" width=\"1200\" height=\"300\" /\u003e\u003c/p\u003e\u003cp\u003eIn the perfect scenario, CeFi and DeFi are supposed to provide users with the sufficient liquidity they need to transact at an adequate rate.\u003c/p\u003e\u003cp\u003eBut in reality, enough liquidity is what both DeFi and CeFi exchanges currently lack. When a user wants to trade, there may not be any existing trade orders in the liquidity market that meet the user\u0026#8217;s requirements. In addition, most of the liquidity in CeFi and DeFi is split across multiple exchanges.\u003c/p\u003e\u003ch2 id=\"pros-and-cons\"\u003ePros and Cons of DeFi and CeFi\u003c/h2\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"aligncenter size-full wp-image-13104\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/01/cr_cefi_defi_blog_7.jpg\" alt=\"\" width=\"1200\" height=\"300\" /\u003e\u003c/p\u003e\u003cp\u003eDeFi (decentralized finance) solutions offer decentralized protocols, platforms, and services that have completely removed the power of traditional intermediaries like banks and government-controlled financial institutions from any type of transaction.\u003c/p\u003e\u003cp\u003eCentralized finance (CeFi) offers banking services aimed at bridging the gap between legacy finance platforms and the fledgling economy of virtual assets. CeFi does not replace the role of intermediaries when dealing with both digital coins and fiat currency.\u003c/p\u003e\u003ch3\u003ePros of DeFi\u003c/h3\u003e\u003cul\u003e\u003cli\u003eDeFi platforms rely on permissionless protocols to ensure that no external party participates in a peer-to-peer transaction. In traditional finance, transactions are subject to authorization by the relevant banks or financial organizations. DeFi networks are also open to anyone to join without the need to apply and obtain permission from a centralized body.\u003c/li\u003e\u003cli\u003eThanks to the use of distributed ledger technology, DeFi services make all transactions publicly viewable for members. This ensures a high level of transparency.\u003c/li\u003e\u003c/ul\u003e\u003ch3\u003eCons of DeFi\u003c/h3\u003e\u003cul\u003e\u003cli\u003eThe absence of centralized governance makes DeFi platforms suffer from a lack of accountability and makes them a good foundation for fraud. The loss of a personal wallet address or private keys results in the loss of assets due to the lack of intermediaries who could assist in recovery.\u003c/li\u003e\u003c/ul\u003e\u003ch3\u003ePros of CeFi\u003c/h3\u003e\u003cul\u003e\u003cli\u003eThanks to the control from central authorities, centralized exchanges and platforms can offer an intuitive and comfortable user experience.\u003c/li\u003e\u003cli\u003eCeFi can offer a wider range of traditional banking services such as direct support for fiat-to-crypto purchases.\u003c/li\u003e\u003cli\u003eCeFi crypto lending platforms offer storage solutions to manage risk while ensuring that the recovery phrases, wallet addresses, and private keys of their users are well-protected.\u003c/li\u003e\u003cli\u003eSince CeFi employs compliance requirements similar to a conventional banking sector, it dominates the cryptocurrency market, leaving DeFi a bit behind.\u003c/li\u003e\u003c/ul\u003e\u003ch3\u003eCons of CeFi\u003c/h3\u003e\u003cul\u003e\u003cli\u003eIn CeFi platforms, users cannot have full authority over their funds.\u003c/li\u003e\u003cli\u003eCeFi provides no solutions for nearly two billion unbanked people in the world who are unable to take advantage of many financial opportunities due to their inability to enter any financial system that has strict regulatory requirements.\u003c/li\u003e\u003c/ul\u003e\u003ch2 id=\"crypterium\"\u003eCrypterium Unites DeFi and CeFi under One Roof\u003c/h2\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"aligncenter size-full wp-image-13105\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/01/cr_cefi_defi_blog_5.jpg\" alt=\"\" width=\"1200\" height=\"300\" /\u003e\u003c/p\u003e\u003cp\u003e\u003ca href=\"https://crypterium.com/\"\u003eCrypterium\u003c/a\u003e is a multi-purpose digital wallet coming with a bevy of essential tools to ensure your virtual holdings never sit idle but work and bring you gains. Crypterium takes the best from both worlds, letting you access vital DeFi services and deep decentralized liquidity while enjoying the security and accountability of CeFi space. By doing so, we enable our customers to stay compliant with applicable laws and regulatory requirements in their jurisdictions, while allowing them to harness the potential of cryptocurrencies.\u003c/p\u003e\u003cp\u003eThe wallet enables you to set up a savings account with high interest rates and \u003ca href=\"https://crypterium.com/deposits\"\u003eearn up to 15.6% APR on your virtual savings\u003c/a\u003e. You can also easily spend crypto right from your wallet by sending it to others, speculating on crypto exchanges that come embedded in Crypterium, accessing a cheap crypto loan, or just paying with tokens with the same ease as with fiat money.\u003c/p\u003e\u003cp\u003eUsers can access CeFi and DeFi liquidity for popular tokens like Bitcoin, \u003ca href=\"https://crypterium.com/coin/buy-eth\"\u003eEthereum\u003c/a\u003e, USDT to name a few at the greatest price available.\u003c/p\u003e\u003cp\u003eCrypterium can achieve this by integrating with the 10 world’s most popular exchanges (both DeFi and CeFi) to connect makers with takers to meet the demand. An AI-powered market tracker allows you to keep an eye on the price movements of your favorite coins to make weighted trading decisions.\u003c/p\u003e","seo_title":null,"seo_description":null,"seo_image":null,"old_image":"https://wp.prod.testessential.net/wp-content/uploads/2022/01/cr_cefi_defi_blog.jpg","seo_keywords":null,"short_content":"In the recent past, essential financial services such as money transfers, loaning, borrowing, and insurance were only offered by traditional financial institutions and banks. But with the emergence and rapid adoption of blockchain technology and cryptocurrency, things have transformed significantly.","image":null,"category":{"title":"Crypto Lifestyle","slug":"crypto-lifestyle"}},{"id":13036,"status":"published","sort":null,"user_created":"ca36dd59-e84f-4468-80da-d7762c746176","date_created":"2022-01-25T11:10:48.000Z","user_updated":null,"date_updated":null,"title":"Whats The Tax On Crypto Profits In 2022? Crypto Currency Capital Gains Tax","slug":"whats-the-tax-on-crypto-profits","content":"\u003cnav\u003e\u003cul\u003e\u003cli\u003e\u003ca href=\"#virtual-currency-legality\"\u003eVirtual Currency Legality;\u003c/a\u003e\u003c/li\u003e\u003cli\u003e\u003ca href=\"#crypto-tax-rules\"\u003eCrypto Tax Rules in Various Regions;\u003c/a\u003e\u003c/li\u003e\u003cli\u003e\u003ca href=\"#crypto-tax-compliance\"\u003eCrypto Tax Compliance: Tips to Stay On the Safe Side;\u003c/a\u003e\u003c/li\u003e\u003cli\u003e\u003ca href=\"#crypto-taxes-rules\"\u003eCrypto Taxes Rules: What You Need To Consider Before Owning Tokens;\u003c/a\u003e\u003c/li\u003e\u003cli\u003e\u003ca href=\"#crypterium-customers\"\u003eCrypterium Customers;\u003c/a\u003e\u003c/li\u003e\u003cli\u003e\u003ca href=\"#faq\"\u003eCrypto Tax FAQs.\u003c/a\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/nav\u003e\u003cp\u003eBoth ordinary people and institutional crypto investors eagerly buy, sell, and speculate with digital assets. Just a couple of successful deals with cryptocurrencies like Bitcoin, Ethereum, and others can make one filthy rich and even push you to forever quit your 9-5 job.\u003c/p\u003e\u003cp\u003e\u003cmark\u003eThis is where grey areas of cryptocurrencies get on the stage. Taxation. Must you pay capital gains taxes on the profits made from crypto transactions?\u003c/mark\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eCryptocurrency was developed as an alternative to traditional fiat money payments. Cryptocurrencies use a cryptographic system with decentralization as its main mechanism. Since its main mechanism is decentralization without intermediation of centralized financial authorities like banks, virtual currency presents a great way for international payments and transfers.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe decentralized and anonymous nature of cryptos has pushed many governments to take measures that will ensure the legal use of electronic tokens without giving rise to criminal crypto transfers. Many countries are still developing methods to regulate cryptocurrency, and in many parts of the globe, this remains a prohibited or semi-prohibited asset. That is why the cryptocurrency tax treatment varies drastically in different regions.\u003c/span\u003e\u003c/p\u003e\u003ch2 id=\"virtual-currency-legality\"\u003e\u003cb\u003eVirtual Currency Legality\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn some parts of the world, including the USA and Australia, decentralized finance products, in general, and crypto assets, in particular, are not viewed as a fiat currency, but rather as an investment asset.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn some jurisdictions (Russia, China), government is cracking down on cryptocurrency transactions, either prohibiting any operations with electronic coins or keeping a tight hold on such transactions. Banks in these countries also don’t accept cryptocurrencies and never provide any crypto-related services. Curiously enough but the central bank of China is going to issue its own digital currency – this news often flares in headlines.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn other lands, the tax regime is quite liberal, for example, in Finland, cryptos are exempt from VAT. In many regions, cryptocurrency is legal, but not recognized as an official currency. However, in Japan, in summer 2017, Bitcoin and other digital currencies were officially recognized as legal money. Salvador is also among the first countries to officially acknowledge Bitcoin and adopt liberal laws related to virtual money.\u003c/span\u003e\u003c/p\u003e\u003ch2 id=\"crypto-tax-rules\"\u003e\u003cb\u003eCrypto Tax Rules in Various Regions\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"wp-image-13039 size-full\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/01/cr_tax_blog_1.jpg\" alt=\"capital gains tax crypto\" width=\"1800\" height=\"451\" /\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eCrypto taxes will primarily depend on the legal definition of electronic currency in the given jurisdiction, as well as the tax system used in that specific country. Some countries utilize wealth tax instead of Capital Gains Tax (CGT), others use either income tax or capital gains tax without applying the wealth tax, the fourths can use both income tax and capital gains tax rules.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eCapital Gains Tax Policies in \u003c/b\u003e\u003cb\u003eUS\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn the United States of America, cryptocurrency is viewed as a property that incurs Capital Gains Taxes when you dispose of it. It is stated in the 2014-2021 IRS Notice that:\u003c/span\u003e\u003c/p\u003e\u003cblockquote\u003e\u003cp\u003e\u003cstrong\u003e«The Internal Revenue Service (IRS) is aware that virtual currency may be utilized to pay for goods or services, or held for investment. Virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value.\u003c/strong\u003e\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e(\u0026#8230;)\u003c/strong\u003e\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e… the sale or exchange of convertible virtual currency, or the use of convertible virtual currency to pay for goods or services in a real-world economy transaction, has tax consequences that may result in a tax liability.»\u003c/strong\u003e\u003c/p\u003e\u003c/blockquote\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eUS authorities don’t set a specific crypto Capital Gains Tax rate. The capital gains tax rate you will pay on your cryptocurrency depends on how long you hold your asset and how much money you make from it. If you hold virtual currency for less than a year, you will qualify for a short-term capital gains tax rate. If you hold crypto for more than a year, you will be exposed to the long-term capital gains tax rate.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eFor \u003c/span\u003e\u003cb\u003eshort-term capital gains,\u003c/b\u003e\u003cspan style=\"font-weight: 400;\"\u003e you will pay the same tax percent as you do with your regular income. For short-term gains, your crypto taxation rate can be as small as 10% or as high as 37%. This depends on several factors, including your marital status (single or married), the amount of annual income, married and filing jointly, or married and filing separately.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAt the same time, \u003c/span\u003e\u003cb\u003elong-term capital gains tax\u003c/b\u003e\u003cspan style=\"font-weight: 400;\"\u003e for cryptocurrency is significantly lower varying from 15% up to 20%. The final tax deduction will also depend on the same factors as with short-term capital gains.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhen you buy a cryptocurrency, it is in your best interests to properly document and maintain records\u003c/span\u003e \u003cspan style=\"font-weight: 400;\"\u003eof\u003c/span\u003e \u003cspan style=\"font-weight: 400;\"\u003ethe purchase price. This is the cost basis of your crypto asset. When you dispose of cryptocurrency, the disposal price constitutes the selling price. The formula to calculate the capital gain is simple: the selling price minus the cost basis. If you are a US tax resident, you will need to determine a fair market value of the electronic asset in US dollars at the date of paying or receiving cryptocurrency.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAny gains or losses resulting from speculations with digital assets held for less than 12 months are taxed at the upper tax rate within which your taxable income falls. Any losses you inflict from cryptocurrencies can be used to offset income tax in a given reporting tax year\u003c/span\u003e \u003cspan style=\"font-weight: 400;\"\u003ein the amount not exceeding $3,000.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eAustralia\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eLike the United States, Australia defines cryptocurrency either as an asset that is subject to CGT on disposal or as trading stocks when buying and selling cryptocurrency takes on a business-like nature. If the latter happens, trading will not attract capital gain tax obligations, but rather standard business trading rules will be applicable.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf cryptocurrency is intended to be sold or exchanged in the normal course of business, the stock trading rules will come into play, not the capital gain tax treatment. Incomes from the disposal of cryptocurrency held as trading stock\u003c/span\u003e \u003cspan style=\"font-weight: 400;\"\u003eare viewed as ordinary income, and the cost of purchasing cryptocurrency can be deducted.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf CGT rules apply, virtual currency held by Australian tax residents for more than 12 months is eligible for a 50% capital gain tax discount. In essence, this means that 50% of the net profit is free from taxation. \u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf cryptocurrency has been disposed of but not removed from a digital wallet, it will still result in a CGT taxable event. Instead of the actual selling value, the tax authority will consider the AUD market value of the digital asset on the day of its disposal.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eCanada\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAs in other Commonwealth countries, in Canada, gains from crypto speculation can imply either CGT or income tax, depending on the essence of the cryptocurrency activity. If a business is engaged in crypto operations, then 100% of the income gained from such activities is taxable, while only 50% of capital gains are exposed to taxes.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eUnited Kingdom\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn Great Britain, HMRC (Her Majesty\u0026#8217;s Revenue and Customs) has released a guide to cryptocurrency taxation. This guide explains the tax regime for crypto assets. For individuals, the paper states that virtual assets as personal investments (used to increase the cost of capital or make certain purchases) may attract a capital gain taxable event when a person disposes of their virtual assets.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eLike in Australia, there may be cases where an individual runs a business that conducts financial trading in cryptocurrency. In this situation, taxable business profits eventuate, and the income tax rules take precedence over the CGT rules.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cb\u003eImportant Moments:\u003c/b\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eAs in many other countries, HMRC levies taxes on cryptocurrencies based on the holder\u0026#8217;s activity. In most scenarios, people hold cryptocurrencies as personal investments. These private investors are required to pay CGT (a tax levied on gains from the sale of property or investments) when they sell or dispose of their assets. Capital gains start from 10% up to 20% of profits, depending on which tax category you fall into.\u003c/span\u003e\u003c/li\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eHMRC does not treat cryptographic assets as currency or money. Instead, Bitcoin is classified as a unit (token) of exchange.\u003c/span\u003e\u003c/li\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf you manage to trade with the frequency and success that you consider to be a \u0026#8220;full-fledged trader\u0026#8221;, then you will be obliged to pay income tax instead. Unless you are a day trader who speculates with cryptocurrencies to earn a living, you should not worry about this tax. Income tax rates range from 0 to 46% depending on your income and place of residence.\u003c/span\u003e\u003c/li\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eIndividuals trading with cryptocurrencies may qualify for the reduction of their income tax accountability by offsetting some losses they incur while speculating with cryptos. UK taxpayers can also write off some costs associated with crypto trading, including price fluctuations in GBP from the day when the asset was acquired, transaction fees, and more.\u003c/span\u003e\u003c/li\u003e\u003c/ul\u003e\u003ch3\u003e\u003cb\u003eNetherlands\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eA taxation system in this European country uses a wealth tax approach, instead of capital gains tax. In the Netherlands, an anticipated interest is imposed on the value of all assets minus all liabilities at a beginning of the upcoming tax season (excluding primary residence, business income from sole proprietors, and major shareholdings in companies exceeding 5%). The anticipated interest is taxed at a flat rate of 31%.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eGermany\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIt may sound a bit unexpected, but Germany offers one of the lowest tax treatments for cryptocurrency in the European Union. Germany still charges 0% on Bitcoin transactions, although VAT may apply in some cases. Despite surprisingly easy taxation policies, Germany supports France\u0026#8217;s efforts to create a Europe-wide regulatory framework for cryptocurrencies.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe thing is that Germany does not recognize cryptocurrency as a real currency, commodity, or stock. Instead, Crypto is considered private money. This distinction is important because private sales offer tax benefits in this country. Private sales not exceeding €600 are tax-free.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cb\u003eImportant Moments:\u003c/b\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eUnlike Euro, Bitcoin, Ethereum, and other cryptocurrencies are not defined as a legal payment instrument in Germany. This means that companies are not required to accept cryptocurrencies in their daily operations. However, if a merchant wants to accept cryptocurrency for the exchange of goods or services, they can do so following private law.\u003c/span\u003e\u003c/li\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf your capital gain does not surpass 600 Euros, or if you have any amount in virtual currency for more than a year, your investment is tax-free.\u003c/span\u003e\u003c/li\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf you exchange cryptocurrency for fiat money or vice versa, you are free from VAT.\u003c/span\u003e\u003c/li\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eHowever, things are different when cryptos are used as business assets rather than private assets. Companies holding cryptos as a part of their business may attract trade tax liabilities.\u003c/span\u003e\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAs you can see, most of the countries mentioned above define cryptocurrency as a property or asset that is exposed to capital gains tax when sold.\u003c/span\u003e\u003c/p\u003e\u003ch2 id=\"crypto-tax-compliance\"\u003e\u003cb\u003eCrypto Tax Compliance: Tips to Stay On the Safe Side\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eMany cryptocurrencies including Bitcoin and Ethereum have been demonstrating an astonishing growth in their price, letting crypto enthusiasts make crazy money literally out of thin air. Rapid and remarkable profits are not the thing that will fall through the cracks of watchful tax authorities.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eTaxation bodies make serious endeavors to take operations with digital currencies (and profits they bring) under their control. If you are considering investing in cryptocurrency for the short or long term or would like to engage in crypto trading, make sure you never violate the local law related to activities with alternative currencies.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cmark\u003eIn America, for example, the IRS and FBI have become significantly better at monitoring and tracking cryptocurrencies during criminal investigations. And if necessary, these authorities can easily freeze your assets.\u003c/mark\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo for those who carry out transactions with cryptocurrencies, there is even more reason to know the law and to know what taxes they can incur by their actions. Good news: the IRS views electronic coins in the same way it views other major real-world assets like stocks and bonds. Bad news: this kind of tax treatment also makes it difficult to use cryptocurrency as a valid payment for goods and services.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eHere are a few key things you need to know about cryptocurrency taxes in the US and how to stay compliant with Law.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cb\u003ePay attention if you are not a US resident!\u003c/b\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eCryptocurrency taxes work differently in various jurisdictions. This article only covers only the USA crypto realm. If you do not have any U.S. tax liability, be sure to consult a qualified tax advisor in your country to get informed on your income reporting obligations in your particular place of residence.\u003c/span\u003e\u003c/p\u003e\u003ch2 id=\"crypto-taxes-rules\"\u003e\u003cb\u003eCrypto Taxes Rules: What You Need To Consider Before Owning Tokens\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"wp-image-13038 size-full\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/01/cr_tax_blog_1-1.jpg\" alt=\"whats the tax on crypto profits\" width=\"1800\" height=\"451\" /\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eYou will need to provide your crypto ownership history\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhen tax reporting, you will be asked whether you have performed operations with cryptocurrency. Form 1040 will ask you the following: \u0026#8220;At any time during the reporting period, have you received, sold, sent, exchanged, or otherwise acquired any financial interest made in any digital currency?\u0026#8221;\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAt this very point, it may be tempting to answer “NO”, lying to the government authority. If you don\u0026#8217;t answer honestly, you could find yourself in legal danger, and the IRS hates liars and tax fraudsters, turning their life into a nightmare. Individuals who fail to report income correctly may encounter strict penalties, asset freeze or confiscation, or even criminal proceedings. To stay safe, make sure you are never suspected by the IRS to owe some government taxes on virtual currency transactions.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eHowever, there is one nuance to be aware of. In a recent clarification from the IRS, it is stated that US taxpayers who buy virtual assets only with fiat currency do not have to answer “YES” to the question.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eDon’t try to avoid being taxed just because you didn’t receive Form 1099\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhen you deal with a bank or brokerage, you (and the IRS) usually receive a Form 1099, which shows the income you have received during the tax year. However, this may not be the case with cryptocurrency.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThere is not yet the same level of reporting for cryptocurrency compared to the typical 1099 tax forms for stocks, interest, and other payments. The IRS still cannot get valid reports from crypto exchanges, especially those that don’t establish clear KYC policies for their users.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eHowever, starting in November 2021, new tax regulations will require more detailed tax reporting for those working in the industry starting January 1, 2023. The law mandates brokers (including, strangely, any person who transfers digital assets to another person) to report this information to the IRS in a 1099 form or similar way.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eCritics say the law will require anyone who transfers cryptocurrency, including miners and crypto wallets, to comply with the new rules, including those who cannot have access to this information. However, lawmakers are already working on a new bill to better define who falls under the rules of the law.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eStill, an absence of a form 1099 will not free you from your tax obligations: anyway, you must report on your capital gains and pay tax on them. However, this is not all the bad news: if you have suffered a capital loss, you can deduct it from your tax returns and decrease the size of your taxable income.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eAny operations with cryptocurrency incur tax obligations\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eMany crypto users naively think that if they only use crypto tokens without engaging in trading, it will save them from the necessity to pay taxes.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNowise.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eEvery time you swap electronic tokens for fiat currency, or pay with crypto for products or services, you become tax-responsible. You will create a commitment if the selling price of your cryptocurrency exceeds its cost basis (the price you pay for it on the date of the contract). Therefore, if you get more money than you spend on your cryptocurrency, you end up with tax liabilities.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cmark\u003eOf course, you can also claim tax reductions if the value of goods, services, or real currency you buy with crypto becomes lower than the cost basis of your virtual currency. In any case, you need to know the cost basis of your virtual assets before making any calculations and reporting with the tax authority.\u003c/mark\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003ePlease note that this is not a transaction tax. This is a capital gains tax – a tax on the profit made from buying an asset at a lower cost and re-selling it at a higher cost. And, like stocks that you buy and hold, unless you exchange virtual currency for something else, you are not making a profit or loss.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAs a bit of friendly advice, consider using one cryptocurrency exchange (broker) to make tax reporting easier. If you use several crypto exchanges and wallets, a good rule of thumb is using top-tier crypto tax software that helps track your crypto transactions and calculate incurring taxes.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eProfits from virtual currency trading are treated as ordinary income gains\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf you have made a profit from selling or purchasing cryptocurrency, government taxes such gains the same fashion it does with any other type of profits made from capital assets.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo, you expect to pay regular short-term capital gains taxes (up to 37 percent in 2022, depending on your income size and marital status) on assets owned for less than 12 months. But for assets possessed for longer than 12 months, you will end up paying long-term capital gains taxes, at a lower rate (from 0 up to 20% depending on your life circumstances).\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe same tax treatment is applicable to virtual coins. You pay a corresponding capital gain tax based on your situation, as surely as you can deduct capital losses up to $3,000 per year. If your loss exceeds this amount, you may carry it further over to the next (upcoming) tax season.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eMiners may encounter a different crypto tax treatment\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIndividuals that engage in crypto mining can qualify for operational expenses deductions as any other regular business does. Your profit is generated from what you produce.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf you are a crypto miner, you earn income at fair market value, so this is your cost basis in the digital asset. If it is a trade or business, your expenses can be deducted.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBut the last point is the key: you must be in a trade or run a business to qualify for expense waives. Minting some tokens through your mining farm at your leisure doesn’t make you eligible for tax deductions.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eGifted cryptocurrencies are treated like other gifted assets\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf you give your virtual currency to somebody else, for example, to your friend or colleague to whet their interest in cryptocurrency, the tax system will treat your gift in the same manner as it would do with any other similar gift. As such, gifted tokens could encounter gift tax liability if their value surpasses $16,000 in 2022. If the recipient sells the gift, the cost basis remains the same as the giver’s cost basis.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eHowever, there are several methods of avoiding taxes on gifts even if you exceed the allowed threshold, such as by using the lifetime tax exemption.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cb\u003eInherited virtual currency is treated in the same way as other heritage assets\u003c/b\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eHereditary virtual coins are treated like other fixed assets that are transmitted by heredity. Such assets can be exposed to succession duties if the value of these assets exceeds a certain threshold ($12.06 million in 2022).\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eLike most stocks, the majority of cryptocurrencies will have an increased fair value on the day of coming into an inheritance. Thus, for tax authorities, cryptocurrency is considered a regular capital asset.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe use of cryptocurrencies can be surprisingly cumbersome, starting with tracking your cost basis, documenting your gains that result from disposing of the assets, and then potentially paying taxes (even if you don’t receive a Form 1099). In addition, tax authorities like IRS are enhancing their scrutiny and surveillance trying to identify potential tax evasions, so that those who are dealing with cryptocurrencies get on the radar of taxing entities. All of these factors make cryptocurrencies difficult to use and likely hinder their wider adoption.\u003c/span\u003e\u003c/p\u003e\u003ch2 id=\"crypterium-customers\"\u003e\u003cb\u003eCrypterium Customers\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWe at \u003c/span\u003e\u003ca href=\"https://crypterium.com/about\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eCrypterium\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e see cryptocurrencies as a foundation for tomorrow’s decentralized, open, globally-available financial system. Virtual currencies indeed open new finance horizons and change the way people pay, transact, and do business. We encourage our customers to stay compliant with tax laws. In virtually every jurisdiction, taxpayers are mandated to report their income and losses on all operations they have performed during a tax year.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eTax entities find you responsible for providing reports on all gains and speculations, whether they made from traditional trading, investing, dividends, or from dealing with cryptocurrencies. Crypto wallets like Crypterium record and keep the history of all your transactions for tax purposes. \u003c/span\u003e\u003ca href=\"https://crypterium.com/wallet\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe Crypterium digital wallet\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e allows you to generate reports on transactions with a breakdown on buying, selling, sending, or receiving crypto assets.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003ePlease keep in mind that these reports are associated with your Crypterium account only, and they do not reflect operations performed through other wallets or cryptocurrency exchanges. Crypterium cannot access the information about your virtual funds kept on other platforms or exchanges. If you use other solutions, you will need to generate reports from all of them to report to the tax authority.\u003c/span\u003e\u003c/p\u003e\u003ch2 id=\"faq\"\u003e\u003cb\u003eCrypto Tax FAQs\u003c/b\u003e\u003c/h2\u003e\u003ch3\u003e\u003cb\u003eDo I have to pay taxes on cryptos?\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn the USA and virtually any other part of the world, you will need to pay some taxes on the gains from your crypto activity. In America, virtual currency is not considered a real currency. Instead, it is treated as property – just like a stock or real estate. In most jurisdictions, you will encounter certain tax obligations whenever you give away shares, property, crypto tokens, collectibles, or Forex.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eCan the IRS monitor operations with cryptocurrency?\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe IRS is able to track and interfere with crypto transactions.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYou should be aware that the Internal Revenue Service closely works with cryptocurrency marketplaces like Coinbase, Binance, and other exchanges and obliges them to provide customer information to ensure crypto traders report their crypto profits (and losses) correctly. Many crypto exchanges that incorporate KYC procedures send Form 1099 to every user who makes over $600 during one financial year. And this information is also provided to tax authorities in the USA.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe IRS uses this information to send letters to US residents to remind them to report their cryptocurrency gains and pay corresponding taxes, and also to audit and confiscate assets from tax evaders.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe best route to follow is to comply with tax regulations and accurately report revenues from cryptocurrency to a local IRS office.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eWhat if I lose my crypto investment?\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eCapital gain tax liability will not occur if you suffer crypto capital losses. While losing your investment always hurts, the good news is that you can offset your capital losses against your net capital gains for the year to lower your overall tax bill. In the US, there is no cap on the amount of capital loss you can write off within one year, so if you bear significant losses, you can write off all of your net capital gains and avoid paying any taxes.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cmark\u003eThings can get even better because if your capital losses exceed your net capital gains, you can also offset up to USD 3,000 in capital losses against regular income to lower your overall tax bill even greater.\u003c/mark\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf your capital losses still outweigh the gains, you can carry forward the losses to later income years to offset against would-be gains. You can carry forward capital losses as many times as you wish (infinitely many times, in theory) until all your losses are written off.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eAre all crypto events taxable?\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAlmost every crypto event will be subject to tax liability. Main cryptocurrency taxable transactions include:\u003c/span\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eSelling crypto tokens for cash;\u003c/span\u003e\u003c/li\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003ePaying for products and services with crypto;\u003c/span\u003e\u003c/li\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eConverting one crypto coin to another;\u003c/span\u003e\u003c/li\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eProducing crypto (mining);\u003c/span\u003e\u003c/li\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eReceiving payment in crypto tokens or as a result of token airdrop;\u003c/span\u003e\u003c/li\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eBeing rewarded with crypto (including if you earn interest from staking your tokens in liquidity pools).\u003c/span\u003e\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eTransactions must be recorded at their fair market value, calculated in US dollars. For example, if you buy a cup of cappuccino and pay with Bitcoin (BTC), you need to record the disposal of Bitcoin equal to the value of one cup of cappuccino (fair market value) in dollars.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eVery often, cryptocurrency projects conduct so-called airdrops, giving users some tokens for free. If you get some crypto through an airdrop event, your cryptographic assets will be taxed in the same manner as ordinary income is and at the fair market value on the day of receipt.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf the airdropped tokens are just kept in your crypto wallet and you do not perform crypto transactions with them, these assets are not taxable. If you receive tokens as a result of a fork, your tokens become taxable the moment you start transferring, selling, exchanging, and otherwise using them.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eFor a better understanding of tax rules applied to forks and airdrops, check the \u003c/span\u003e\u003ca href=\"https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eIRS FAQs\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e and \u003c/span\u003e\u003ca href=\"https://www.irs.gov/pub/irs-drop/rr-19-24.pdf\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eRev Rule 2019-24\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eAre there non-taxable crypto events?\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThere are a few non-taxable events with cryptocurrencies:\u003c/span\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eBuying electronic currencies with real currency (fiat money like USD and EUR) and holding it without performing any other operations.\u003c/span\u003e\u003c/li\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eDonating virtual tokens to a qualified tax-exempt charity or no-profitable organization\u003c/span\u003e\u003c/li\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003eTransferring tokens between your wallets (make sure such transactions are not treated as the disposal of virtual currency by your cryptocurrency exchange or service provider).\u003c/span\u003e\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cb\u003eCharitable contributions and gifts in the form of virtual currency and possible tax liability\u003c/b\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003cstrong\u003eThe gift receiver.\u003c/strong\u003e Crypto tokens received as a gift generally do not produce a taxable event until the gift receiver decides to sell the tokens. If you decide to sell the gift, its cost basis will remain the same as on the day when you received it.\u003c/span\u003e\u003c/li\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003cstrong\u003eThe gift giver.\u003c/strong\u003e You can give up to $15,000 in cryptocurrency annually per recipient without incurring tax obligations. If your gift’s value exceeds $15,000 per recipient, you can file a gift tax return.\u003c/span\u003e\u003c/li\u003e\u003cli\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003cstrong\u003eCharitable donations.\u003c/strong\u003e If you donate virtual currency directly to some charitable organization, you can apply for a charity deduction equal to the fair market value of the donated cryptocurrency. Your charitable contribution deduction is typically equal to the fair market value of the electronic asset at the time of the donation if you have owned the electronic asset for more than 12 months.\u003c/span\u003e\u003c/li\u003e\u003c/ul\u003e\u003ch3\u003e\u003cb\u003eFair market value – what is it?\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe Fair Market Value (FMV) of an asset is the specified price at which this asset will be sold on the open market. The fair market value is negotiated between the willing buyer and seller, both of whom are fully informed about the asset in question.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eMeanwhile, the cost basis is the initial cost of the asset for tax reporting, usually the purchase price adjusted for stock splits, dividends, and revenues from capital distributions. The cost basis is used to determine the capital gain, which is equal to the difference between the cost basis (the original value) of the asset and the current market value.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cb\u003eWhat tax forms may I need?\u003c/b\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003cstrong\u003eTax Form 8949.\u003c/strong\u003e If you have performed virtual currency transactions that fall in the category of capital gain and loss, then these transactions must be reflected in Form 8949. To fill it out, you may need your transaction history reports from all the cryptocurrency exchanges where you transacted.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003cstrong\u003eTax Form 1040.\u003c/strong\u003e Schedule D, Capital Gains and Losses. Simply called Schedule D for short, this form summarizes all your capital gains and losses during the tax year.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003cstrong\u003eTax Form 1099-MISC.\u003c/strong\u003e Miscellaneous Income. You will need this form to report rewards/gained profits from such virtual currency activities as staking, lending, and other similar programs if you have earned \u003cstrong\u003emore than $600 in a tax year\u003c/strong\u003e.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eTo pay tax on Bitcoin and other cryptocurrencies is a complex and onerous process. If you have any doubts, consult an experienced tax professional. This article does not provide tax advice. It is for general informational purposes only, and it must not be used as a substitution for talking to a qualified tax advisor regarding your financial products or crypto assets.\u003c/span\u003e\u003c/p\u003e","seo_title":null,"seo_description":null,"seo_image":null,"old_image":"https://wp.prod.testessential.net/wp-content/uploads/2022/01/cr_tax_blog.jpg","seo_keywords":null,"short_content":"Virtual currencies have been around for a good decade already, and they don’t show any sign of disappearing. Indeed, the market of cryptocurrencies is booming.","image":null,"category":{"title":"Crypto Lifestyle","slug":"crypto-lifestyle"}},{"id":8295,"status":"published","sort":null,"user_created":"ca36dd59-e84f-4468-80da-d7762c746176","date_created":"2022-01-24T14:00:08.000Z","user_updated":null,"date_updated":null,"title":"10 Ways To Hack A Bitcoin \u0026 Crypto Wallet In 2022","slug":"10-ways-to-hack-a-bitcoin-wallet-in-2020","content":"\n\n\n\u003cp\u003eDigital currencies are becoming a common payment method among consumers worldwide. Bitcoin and other cryptocurrencies are quickly expanding its reach as people are increasingly trusting them to make payments, transfer money and even save it.\u003c/p\u003e\n\u003cp\u003eYet, volatility and security remain two important aspects that people cannot ignore when considering cryptocurrencies. The introduction of so-called \u003ca href=\"https://choise.com/cho\"\u003estable coins\u003c/a\u003e has mitigated the risks for volatility, offering digital currencies pegged to stable fiat money, like the dollar, euro or pound.\u003c/p\u003e\n\n\n\n\u003cp\u003eAs for security measures, there are plenty of things to consider. For example, the wallet service provider you’ve chosen to store your cryptocurrencies. Take a minute to ask yourself: \u003cstrong\u003edoes it provide protection for your funds? Are the accounts insured? What about 2FA verification?\u003c/strong\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eWhile it’s only natural to blame others, it’s also important to keep an eye on our own behavior… Am I storing my private keys safely? Have I share private information with anyone? Who has access to my accounts? These are questions that cannot be ignored if you want to ensure your funds remain away from hacker’s hands in the long run.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cmark\u003eThe good news? One very useful way to enhance your account’s security is to understand how hackers can actually get access to your wallet. In the list below, we look at some of those methods:\u003c/mark\u003e\u003c/p\u003e\n\n\n\n\u003ch2\u003eHow To Hack A Btc Wallet\u003c/h2\u003e\n\n\n\n\n\n\u003ch3\u003e\u003cstrong\u003e1. Hacking your devices\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003ePhysical wallets can be lost and stolen. And the same goes for digital wallets, especially those containing cryptocurrencies. Blockchain wallets consist of two keys:\u003c/p\u003e\n\n\n\n\u003cul\u003e\n\u003cli\u003e\u003cstrong\u003ePublic key\u003c/strong\u003e: similar to a bank account number you share to receive funds\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003ePrivate key\u003c/strong\u003e: sort of a security code used to withdraw funds\u003c/li\u003e\n\u003c/ul\u003e\n\n\n\n\u003cp\u003eIf your private key is stolen, it’s the equivalent of losing your credit or debit card with the PIN code written on the back of it. No need to explain what will happen to your account next.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cmark\u003eKeeping your private keys stored online, say, in a file on your computer isn’t really a wise idea. If hackers access your computer, they can easily find the file and use it.\u003c/mark\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eFor that reason, security experts always suggest keeping a hard copy of your private keys. Since a piece of paper doesn’t seem like the most resilient way to storing your keys, it’s also a good idea to laminate it so that your morning coffee won’t ruin your financial stability.\u003c/p\u003e\n\n\n\n\u003cp\u003eIn some cases, hot wallet services like \u003ca href=\"http://Choise.com\"\u003eChoise.com\u003c/a\u003e, \u003ca href=\"https://wirexapp.com/en\"\u003eWirex\u003c/a\u003e or \u003ca href=\"https://blockchain.com/\"\u003eBlockchain.com\u003c/a\u003e will store your private keys for you, saving you the trouble of handling it yourself. Obviously, you should only entrust your keys to respected providers such as the aforementioned.\u003c/p\u003e\n\n\n\n\n\n\u003ch3\u003e\u003cstrong\u003e2. Sending phishing emails\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eNowadays, we receive plenty of emails a day. Hackers know this and have the tools to leverage it against you. Email phishing consist of an email allegedly coming from a service you’re most likely familiar with, and asking you for data to complete certain operations.\u003c/p\u003e\n\n\n\n\u003cp\u003eIf you’re using a wallet service like Wirex, hackers could send an email impersonating a company representative and asking you to share some personal data, even your private keys. While some of you may realize an official representative will never ask for such information, others may fall into the trap and provide the information.\u003c/p\u003e\n\n\n\n\u003cp\u003eRemember that private keys are like PIN codes. No official bank representative will call you or send you an email asking for such information. If you get a message of such kind, get in touch with official representatives and report the issue as soon as possible.\u003c/p\u003e\n\n\n\n\n\n\u003ch3\u003e\u003cstrong\u003e3. Installing keyloggers\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eIt’s all about the data. And hackers are constantly trying different ways to get hold of it. Keyloggers are malwares that record every seed, password and PIN introduced on your computer or mobile device and then transfer them to hackers.\u003c/p\u003e\n\n\n\n\u003cp\u003eIf the malware makes it to your device, then it becomes an easy gateway for hackers to access your private keys. But… how do they get into your device in the first place? Well, there are basically three ways you can get infected with a keylogger:\u003c/p\u003e\n\n\n\n\u003cul\u003e\n\u003cli\u003eEmail: make sure your antivirus system scans all attachments\u003c/li\u003e\n\u003cli\u003eRunning an infected software from a specific website or torrent\u003c/li\u003e\n\u003cli\u003eInserting an infected USB on your personal computer or device\u003c/li\u003e\n\u003c/ul\u003e\n\n\n\n\n\n\u003ch3\u003e\u003cstrong\u003e4. Downloading fake wallets\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eHackers will go to any length to steal cryptocurrency, and fake wallets are a great example of how far they are willing to go. A recent study found several apps on Google App Store impersonating Trezor, a popular cryptocurrency wallet service.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe examination concluded that the fake mobile apps masquerading the official wallet used similar names and included convincing marketing banners to not only trick users, but also receive a \u003cstrong\u003egreen light from Google’s platform and avoid getting banned\u003c/strong\u003e.\u003c/p\u003e\n\n\n\n\u003cp\u003eA useful tip to avoid falling into this trap is downloading the app straight from the official website of the wallet service. The \u003ca href=\"https://choise.com/wallet\"\u003eChoise.com Wallet\u003c/a\u003e, for instance, asks for your phone number to send you a safe link that takes you to the app store.\u003c/p\u003e\n\n\n\n\n\n\u003ch3\u003e\u003cstrong\u003e5. Impersonating a company or person\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eOkay. Picture this: you are a small investor and you’ve been looking into a promising company in the cryptocurrency space. Suddenly, a representative from that company reaches out to tell you about an exclusive pre \u003ca href=\"https://choise.com/crpt\"\u003etoken\u003c/a\u003e sale offer. Sounds like a deal, right?\u003c/p\u003e\n\n\n\n\u003cp\u003eImpersonating companies, cryptocurrency exchanges or people is one of the most common ways hackers rely on to gain access to your funds. Why? Let’s just say it’s easier to trick someone than a break into a computer system. In this particular case, impersonators aren’t interested in hacking your account, but simply stealing it. They will convince you to transfer an X number of bitcoins to specific addresses.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cmark\u003eMore sophisticated hackers will create websites so that you can log in and visualize your “\u003ca href=\"https://crypterium.com/deposits\"\u003einvestment\u003c/a\u003e”. Then, ask you to share data to access certain perks, etc.\u003c/mark\u003e\u003c/p\u003e\n\n\n\n\n\n\u003ch3\u003e\u003cstrong\u003e6. Attacking you with Trojans\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eSimilarly to keyloggers, Trojans can enter your computer and monitor your behavior, stealing anything that resembles a cryptocurrency private key.\u003c/p\u003e\n\n\n\n\u003cp\u003eTrojans aren’t exactly a new thing, and most likely you already know how to prevent them from infecting your devices. Regular antivirus checks, downloading files from secure sources, etc.\u003c/p\u003e\n\n\n\n\u003cp\u003eIf a cryptocurrency Trojan gains access to your device and identify your keys, a hacker can easily wipe out your Btc address in a matter of minutes without you even noticing.\u003c/p\u003e\n\n\n\n\n\n\u003ch3\u003e\u003cstrong\u003e7. Installing browser extensions\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eFrom print screens to grammar checks, browser extensions make our lives easier in so many ways. But their hidden nature also makes a potential threat to our security.\u003c/p\u003e\n\n\n\n\u003cp\u003eThere’s been numerous reports of browser extensions that apart from delivering the expected service, also monitor and copy data for hackers. So the next time you give access to an extension, verify the company or developer behind it, and double check reviews online.\u003c/p\u003e\n\n\n\n\n\n\u003ch3\u003e\u003cstrong\u003e8. Bypassing two-factor authentication\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eTwo factor authentication, or 2FA, is an extra layer of security that trusted wallet providers like Choise.com use to ensure real users are behind certain transactions or operations. For example, if you want to withdraw funds from your account to an external wallet or bank card, you’ll be required \u003cstrong\u003eto enter a security code sent to your specified email address or via text message\u003c/strong\u003e.\u003c/p\u003e\n\n\n\n\u003cp\u003eWhile this remains an extremely effective way to protect customers from unsolicited transactions and fraudulent activities, there’s been cases when hackers found ways to bypass 2FA. For that reason, it’s vital to always keep an eye on the notifications you receive.\u003c/p\u003e\n\n\n\n\n\n\u003ch3\u003e\u003cstrong\u003e9. Publishing fake advertisements\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eCryptocurrency companies don’t find it easy to advertise on Google, Facebook or Twitter\u003c/strong\u003e. Only a few respected firms are allowed to do so.\u003c/p\u003e\n\n\n\n\u003cp\u003eYet, some fraudulent companies might find a way around and launch short-lived campaigns targeting people willing to \u003ca href=\"https://choise.com/wallet/buy\"\u003ebuy or sell cryptocurrencies\u003c/a\u003e.\u003c/p\u003e\n\n\n\n\u003cp\u003eA common red flag is the ridiculously competitive rates or fees offered by these services. As a general rule, always go with licensed companies instead of trying unknown providers.\u003c/p\u003e\n\n\n\n\n\n\u003ch3\u003e\u003cstrong\u003e10. Messing up your clipboard\u003c/strong\u003e\u003c/h3\u003e\n\n\n\n\u003cp\u003eRetailers that accept direct cryptocurrency payments will usually share their wallet address on their website so that you can copy and paste it into your wallet to transfer money. But what if there’s a malware that messes up that simple operation and instead of pasting the retailer’s address, introduces a different one. You get the idea.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eThat type of malware isn’t our invention.\u003c/strong\u003e A program under the name CryptoShuffler has reportedly stolen over $150,000 by doing exactly that. The simplest way is to double check the address you are pasting, although it isn’t really an appealing task.\u003c/p\u003e\n\u003ch2\u003eBottom line\u003c/h2\u003e\n\u003cp\u003eAnd so, how can your bitcoin or crypto wallet be hacked:\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eHacking your devices;\u003c/li\u003e\n\u003cli\u003eSending phishing emails;\u003c/li\u003e\n\u003cli\u003eInstalling keyloggers;\u003c/li\u003e\n\u003cli\u003eDownloading fake wallets;\u003c/li\u003e\n\u003cli\u003eImpersonating a company or person;\u003c/li\u003e\n\u003cli\u003eAttacking you with Trojans;\u003c/li\u003e\n\u003cli\u003eInstalling browser extensions;\u003c/li\u003e\n\u003cli\u003eBypassing two-factor authentication;\u003c/li\u003e\n\u003cli\u003ePublishing fake advertisements;\u003c/li\u003e\n\u003cli\u003eMessing up your clipboard.\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eThat your wallet is not hacked \u003ca href=\"https://choise.com/wallet\"\u003edownload Choise.com Crypto Wallet\u003c/a\u003e, buy and store cryptocurrency.\u003c/p\u003e\n\n\n\n\n","seo_title":"How to Hack Bitcoin Wallet (Private \u0026 Public Key): TOP-10 Ways","seo_description":null,"seo_image":null,"old_image":"https://wp.prod.testessential.net/wp-content/uploads/2022/01/image-5.webp","seo_keywords":null,"short_content":"Digital currencies are becoming a common payment method among consumers worldwide. Bitcoin and other cryptocurrencies are quickly expanding its reach as people are increasingly trusting them to make payments, transfer money and even save it.","image":null,"category":{"title":"Crypto Lifestyle","slug":"crypto-lifestyle"}},{"id":8418,"status":"published","sort":null,"user_created":"ca36dd59-e84f-4468-80da-d7762c746176","date_created":"2022-01-21T11:54:31.000Z","user_updated":null,"date_updated":null,"title":"TOP-10 Crypto Casinos \u0026 Bitcoin Gambling Websites","slug":"best-bitcoin-casinos-2020","content":"\n\u003cp\u003eAre you looking for the best crypto gambling sites? If you’re a cryptocurrency holder that’s all-in for some fun online gambling, then this list of the best bitcoin \u003ca href=\"https://onlinecasinobestreviews.com/\"\u003ecasinos 2022\u003c/a\u003e is for you.\u003c/p\u003e\n\u003cp\u003eBetting cryptocurrencies is still a new thing for many of us. But digital currencies have become increasingly popular among gamblers and gamers for several reasons, including the speed of transactions, enhanced transparency and privacy.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cmark\u003eYet, choosing the best Bitcoin casino can be challenging. The instability of the cryptocurrency prices and the multiple cases of fraud in the industry raise a lot of questions. As someone who’s about to deposit real money in an online btc casino, it’s just natural to wonder\u0026#8230;\u003c/mark\u003e\u003c/p\u003e\n\n\n\n\u003cul\u003e\n\u003cli\u003eWhich are the best btc casinos?\n\n\u003c/li\u003e\n\u003cli\u003eIs bitcoin gambling safe?\n\n\u003c/li\u003e\n\u003cli\u003eWhich crypto gambling sites are the best?\u003c/li\u003e\n\u003cli\u003eWhich crypto casino offers the best no deposit bonus?\u003c/li\u003e\n\u003c/ul\u003e\n\n\n\n\u003cp\u003eNo worries! We’re here to help you decide what’s the best crypto casino for you. Read on!\u003c/p\u003e\n\n\n\n\u003ch2\u003e\u003cstrong\u003eTop 10 Best Bitcoin Casinos In 2022\u003c/strong\u003e\u003c/h2\u003e\n\n\n\n\u003cp\u003eInstead of giving you a list of the top 30 bitcoin casinos (seriously, so confusing\u0026#8230;), we’ve come up with a shorter, well curated ranking. \u003cstrong\u003eThe idea is simple: we save you time and you get to play your favourite games even faster.\u003c/strong\u003e\u003c/p\u003e\n\n\n\n\u003ch3\u003e#1 – Bitstarz\u003c/h3\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003cimg loading=\"lazy\" class=\"aligncenter wp-image-8425\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/Bitstarz-1024x107.jpg\" alt=\"Bitstarz\" width=\"1024\" height=\"107\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eWhen in doubt, go for Bitstarz. This provably fair casino is certainly the most popular choice among crypto gamblers for a good reason: it hosts over 2,000 quality games and it is compatible with a wide range of cryptocurrencies, such as Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Dogecoin. Bitstarz casino also supports other convenient payment and withdrawal methods like Visa, Mastercard, Bank Transfers, Skrill and Neteller.\u003c/p\u003e\n\n\n\n\u003cp\u003eOne key feature of this crypto gambling site is the outstanding support team behind it. You can reach out to them through the website, email and even social media. The customer support team is live 24/7, which is a great advantage against other players on the market.\u003c/p\u003e\n\n\n\n\u003cp\u003eIn terms of user experience, Bitstarz is user-friendly and intuitive enough for total newbies in the world of cryptocurrency casinos. Also, they’ve unlocked an exclusive FIRST DEPOSIT BONUS for Crypterium News readers, which includes \u003cstrong\u003e180 Free Spins + 100% bonus up to 1 BTC\u003c/strong\u003e.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003ca href=\"https://www.bitstarz.com/slots\"\u003e\u003cimg loading=\"lazy\" width=\"1024\" height=\"107\" class=\"wp-image-8423\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/Button-1024x107.jpg\" alt=\"\" /\u003e\u003c/a\u003e\u003c/figure\u003e\n\n\n\n\u003ch3\u003e#2 – mBit\u003c/h3\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003cimg loading=\"lazy\" class=\"aligncenter wp-image-8426\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/mbit-1024x107.jpg\" alt=\"mBit\" width=\"1024\" height=\"107\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003emBit is one of the oldest bitcoin casinos out there. The Curacao-regulated casino offers a wide variety of online crypto games. From blackjack to roulette to craps, gamblers have hundreds of different options available in this single platform.\u003c/p\u003e\n\n\n\n\u003cp\u003eAn interesting feature of mBitcasino is the anonymous betting mode, which allows you to play without providing any additional information. In this industry, that’s a big plus.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cmark\u003eNo need to say, all payments are 100% secure and private. mBitcasino also allows you to withdraw your funds at lightning speed, typically it takes 10 minutes or less to receive funds.\u003c/mark\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eA nice feature of mBitcasino is the open chat room. It enables all players to share their experience on the go, which enhances the sense of community and works as an additional contact channel for support-related matters.\u003c/p\u003e\n\n\n\n\u003cp\u003eWhat’s in for you? \u003ca href=\"https://crypterium.com\"\u003eCrypterium\u003c/a\u003e readers get access to a Welcome Bonus which unlocks \u003cstrong\u003e50 FREE SPINS\u003c/strong\u003e with no deposit required and \u003cstrong\u003e300 FREE SPINS\u003c/strong\u003e afterwards.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003ca href=\"https://www.mbitcasino.com/\"\u003e\u003cimg loading=\"lazy\" width=\"1024\" height=\"107\" class=\"wp-image-8423\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/Button-1024x107.jpg\" alt=\"\" /\u003e\u003c/a\u003e\u003c/figure\u003e\n\n\n\n\u003ch3\u003e#3 – Fortune Jack\u003c/h3\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003cimg loading=\"lazy\" class=\"aligncenter wp-image-8427\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/firtunejack-1024x107.jpg\" alt=\"Fortune Jack\" width=\"1024\" height=\"107\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eFortuneJack was launched in 2014 and since then it has become one go-to choice among gamblers. This online crypto casino offers more than 500 games in 5 different categories: \u003cstrong\u003esports, dice, casino, live casino and provably fair\u003c/strong\u003e.\u003c/p\u003e\n\n\n\n\u003cp\u003eJust like the aforementioned entities, this casino is also registered in Curacao. The platform supports a wide range of cryptocurrencies, such as Bitcoin, Litecoin, Dash, Ether, Tron, and also some prominent privacy coins like Monero and ZCash.\u003c/p\u003e\n\n\n\n\u003cp\u003eFortuneJack offers a solid support center as well as an FAQ section. The highly diverse selection of games, along with excellent customer reviews has earned FortuneJack an AskGamblers’ Certificate of Trust.\u003c/p\u003e\n\n\n\n\u003cp\u003eThis crypto casino offers a loyalty program — the Loyal Players Club. From Bronze to VIP, each of the six categories available give gamblers \u003cstrong\u003eup to 20% in monthly cashbacks and 50% reload bonuses\u003c/strong\u003e. Ready to try it out? Click below to sign up and \u003cstrong\u003eget 25 FREE SPINS\u003c/strong\u003e.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003ca href=\"https://fortunejack.com/\"\u003e\u003cimg loading=\"lazy\" width=\"1024\" height=\"107\" class=\"wp-image-8423\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/Button-1024x107.jpg\" alt=\"\" /\u003e\u003c/a\u003e\u003c/figure\u003e\n\n\n\n\u003ch3\u003e#4 – BitCasino\u003c/h3\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003cimg loading=\"lazy\" class=\"aligncenter wp-image-8428\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/bitkazino-1024x107.jpg\" alt=\"BitCasino\" width=\"1024\" height=\"107\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eBaccarat? Blackjack? How about some Roulette? If you’re into these games, then BitCasino is exactly what you’re looking for. This fully regulated online casino is among the first of its class and it currently offers more than 3000 bitcoin casino games.\u003c/p\u003e\n\n\n\n\u003cp\u003eA great feature of BitCasino is the opportunity to maximize the impact of your deposits with bonuses and cash rebates up to 10%. The platform also has a point-based reward program so that you can multiply your chances to win!\u003c/p\u003e\n\n\n\n\u003cp\u003eApart from being exquisitely designed compared to other crypto casinos, BitCasino is fair. That’s right, the platform lets you cash out your rewards with no wagering requirements attached.\u003c/p\u003e\n\n\n\n\u003cp\u003eAnother interesting fact about BitCasino is that it supports non-standard currencies, such as the Japanese Yen and the Indian Rupee.\u003c/p\u003e\n\n\n\n\u003cp\u003eYet, the key differential for this crypto casino is the possibility to play on the go. Correcto! You can have fun and earn Bitcoin using their mobile app. Have they twisted your arm? Then go ahead and sign up \u003cstrong\u003efor 100+ FREE SPINS\u003c/strong\u003e:\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003ca href=\"https://bitcasino.io\"\u003e\u003cimg loading=\"lazy\" width=\"1024\" height=\"107\" class=\"wp-image-8423\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/Button-1024x107.jpg\" alt=\"\" /\u003e\u003c/a\u003e\u003c/figure\u003e\n\n\n\n\u003ch3\u003e#5 – CloudBet\u003c/h3\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003cimg loading=\"lazy\" class=\"aligncenter wp-image-8429\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/cloudbet-1024x107.jpg\" alt=\"CloudBet\" width=\"1024\" height=\"107\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eEstablished in 2015, Cloudbet has made a name for itself offering a truly expectional user experience to gamblers and enabling \u003ca href=\"https://live-stavki.ru\"\u003elive sports betting\u003c/a\u003e with cryptocurrencies.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cmark\u003eAt the moment, gamblers can take part in bets for all major leagues including the Champions League, NBA, UFC, NFL, NHL, Tennis and other world renowned tournaments.\u003c/mark\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eBut this bitcoin gambling site offers so many other options for gamblers such as live casino games. And regardless of what’ll be betting for, \u003cstrong\u003efirst deposits get a 100% bonus up to 5 BTC\u003c/strong\u003e. Yes, that’s a big plus of this particular online betting site.\u003c/p\u003e\n\n\n\n\u003cp\u003eWhat we love the most about CloudBet is their approach to security. All Bitcoin (BTC) and Bitcoin Cash (BCH) deposits go straight to cold storage, preventing any kind of cyber threat.\u003c/p\u003e\n\n\n\n\u003cp\u003eSo… Does it mean your withdrawals will take longer to process? Not really. CloudBet keeps a hot \u003ca href=\"https://crypterium.com/wallet\"\u003ewallet\u003c/a\u003e with enough money to promptly process all players withdrawals.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003ca href=\"https://www.cloudbet.com/en/\"\u003e\u003cimg loading=\"lazy\" width=\"1024\" height=\"107\" class=\"wp-image-8423\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/Button-1024x107.jpg\" alt=\"\" /\u003e\u003c/a\u003e\u003c/figure\u003e\n\n\n\n\u003ch3\u003e#6 – 1xBit\u003c/h3\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003cimg loading=\"lazy\" class=\"aligncenter wp-image-8430\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/1xbit-1024x107.jpg\" alt=\"1xBit\" width=\"1024\" height=\"107\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eIt doesn’t matter what sports you like, 1xBit lets you bet on it. Yes, this crypto casino is one of the most well-established and best bitcoin casino sites out there. The reason? It covers almost all sports. From football to badminton to darts and even ski jumping.\u003c/p\u003e\n\n\n\n\u003cp\u003eAre you more into esports? Yeap, 1xBit has it too. League of Legends, FIFA, StarCraft… You name it! As you could imagine, this online casino also includes the traditional live casino games, like poker, blackjack, baccarat and roulette.\u003c/p\u003e\n\n\n\n\u003cp\u003eYes, this is an amazing site because of its extensiveness. Yet, there’s a downside. Not everyone can access it. If you’re based in the United States, the United Kingdom, the European Union and Iran, then you better look for another service.\u003c/p\u003e\n\n\n\n\u003cp\u003eFor those in other countries, get your cryptocurrencies ready! 1xBit accepts Bitcoin over 15 cryptocurrencies, including ETC, ETH, DASH, LTC and others.\u003c/p\u003e\n\n\n\n\u003cp\u003eOne of the most attractive things about 1xBit is the bonuses. You can get a 100% deposit bonus up to 7 BTC. Not one, not five, SEVEN.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003ca href=\"https://1xbit.com/en/\"\u003e\u003cimg loading=\"lazy\" width=\"1024\" height=\"107\" class=\"wp-image-8423\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/Button-1024x107.jpg\" alt=\"\" /\u003e\u003c/a\u003e\u003c/figure\u003e\n\n\n\n\u003ch3\u003e#7 – 7Bit Casino\u003c/h3\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003cimg loading=\"lazy\" class=\"aligncenter wp-image-8431\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/7betcasino-1024x107.jpg\" alt=\"7Bit Casino\" width=\"1024\" height=\"107\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eDespite its reduced size, 7Bit Casino remains a good bitcoin casino for newbies. The number of games available isn’t particularly appealing, but the welcome and deposit bonuses are totally worth it. For starters, your first deposit gets a 100% bonus up to 1.5 BTC. The second and third deposits are awarded with a \u003cstrong\u003e50% bonus up to 1.25 BTC and the fourth one goes up to 1 BTC\u003c/strong\u003e.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe various incentives are perfect for those giving first steps in the world of crypto gambling, since you can play more and therefore, learn more.\u003c/p\u003e\n\n\n\n\u003cp\u003eWhen it comes to payments and withdrawals, the options available will match any need. Gamblers can choose from payment cards (Visa, MasterCard, Maestro) to regular wire transfers and, of course, cryptocurrencies (Bitcoin, Bitcoin Cash, Dogecoin, Litecoin, Ethereum). Neteller and Skrill are also among the payment alternatives.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003ca href=\"https://7bitcasino.com/\"\u003e\u003cimg loading=\"lazy\" width=\"1024\" height=\"107\" class=\"wp-image-8423\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/Button-1024x107.jpg\" alt=\"\" /\u003e\u003c/a\u003e\u003c/figure\u003e\n\n\n\n\u003ch3\u003e#8 – BetChain\u003c/h3\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003cimg loading=\"lazy\" class=\"aligncenter wp-image-8432\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/betchain-1024x107.jpg\" alt=\"BetChain\" width=\"1024\" height=\"107\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eDespite being on the market since 2013, BetChain has successfully adapted to new technologies to establish itself as one of the best bitcoin casinos. Cryptocurrency gamblers can enjoy BetChain’s wide variety of games both on their browsers and mobile phones alike.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cmark\u003eBetChain operates under an AntillePhone N.V. Gaming Licence. At the moment, games include slots, poker, craps, baccarat, roulette and plenty of others.\u003c/mark\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eWhen it comes to payments, one distinctive aspect of BetChain is the possibility to pay with stablecoins. Of course, you can also opt for traditional cryptocurrencies like Bitcoin, Dogecoin or Litecoin. MasterCard, Visa, Qiwi, Yandex, Skrill and other methods are also supported.\u003c/p\u003e\n\n\n\n\u003cp\u003eWithdrawals tend to be really fast and you can transfer money straight to your credit or debit card. While BetChain officially says the withdrawals can take up to 24 hours, typically the payments are executed within one hour or less.\u003c/p\u003e\n\n\n\n\u003cp\u003eIn terms of incentives for new gamblers, BetChain does provide a standard 100% welcome bonus \u003cstrong\u003eup to 1 BTC or 200 EUR\u003c/strong\u003e (if you deposit fiat currency). This bitcoin casino isn’t available for gamers in the USA, France, Australia, France, Spain or the Netherlands.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003ca href=\"https://www.betchain.com\"\u003e\u003cimg loading=\"lazy\" width=\"1024\" height=\"107\" class=\"wp-image-8423\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/Button-1024x107.jpg\" alt=\"\" /\u003e\u003c/a\u003e\u003c/figure\u003e\n\n\n\n\u003ch3\u003e#9 – Argo Casino\u003c/h3\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003cimg loading=\"lazy\" class=\"aligncenter wp-image-8433\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/argocasino-1024x107.jpg\" alt=\"Argo Casino\" width=\"1024\" height=\"107\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eArgo Casino offers unbeatable flexibility. Whether you are an Android, iOS, Windows or Linux user, Argo Casino has you covered. Their mobile apps are easy-to-use and give you a unique chance to play on the go.\u003c/p\u003e\n\n\n\n\u003cp\u003eAs many of the key players in the crypto casino industry, Argo Casino is regulated in Curacao. It’s worth mentioning that some users complain about the low withdrawal limits and limited availability of provably fair games.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cmark\u003eArgo Casino works with the most popular payment methods, such as credit cards, Skrill, Neteller and Bitcoin. Their sign up bonus isn’t big compared to others: \u003cstrong\u003e200 EUR worth of BTC\u003c/strong\u003e. Still, it seems like a fair option for gambling newbies.\u003c/mark\u003e\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003ca href=\"https://argocasino.com/en\"\u003e\u003cimg loading=\"lazy\" width=\"1024\" height=\"107\" class=\"wp-image-8423\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/Button-1024x107.jpg\" alt=\"\" /\u003e\u003c/a\u003e\u003c/figure\u003e\n\n\n\n\u003ch3\u003e#10 – Bitcoin Casino\u003c/h3\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003cimg loading=\"lazy\" class=\"aligncenter wp-image-8434\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/bitcoin-casino-1024x107.jpg\" alt=\"Bitcoin Casino\" width=\"1024\" height=\"107\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eLooking for a bitcoin casino for US residents? BitcoinCasino.us is your way to go. This crypto gambling site is open for the US and other usually restricted destinations.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cmark\u003eThe welcome bonus goes all the way up to 1 BTC, making it a really attractive choice for gamblers based in the United States. They also \u003cstrong\u003egive a 50% bonus for subsequent deposits and weekends\u003c/strong\u003e.\u003c/mark\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eAs far as the games variety, BitcoinCasino.us has nothing to envy other bitcoin casinos in this list. From the traditional slot games to card games to poker, this crypto betting site has it all.\u003c/p\u003e\n\n\n\n\u003cp\u003eBoth deposits and withdrawals are executed instantly, which is a great plus for players. While the gambling is done mainly through a BTC balance, the online casino also accepts Litecoin, Dogecoin and Ethereum as payment options.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003ca href=\"https://bitcoincasino.us\"\u003e\u003cimg loading=\"lazy\" width=\"1024\" height=\"107\" class=\"wp-image-8423\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2020/02/Button-1024x107.jpg\" alt=\"\" /\u003e\u003c/a\u003e\u003c/figure\u003e\n\n\u003ch2\u003eTOP Crypto Casino Online\u003c/h2\u003e\n\u003cp\u003eIf you are interested in gambling with winning in cryptocurrency, then we have collected TOP popular crypto casinos. Companies on the list use \u003cstrong\u003eEtherium (eth), Lightcoin (ltc), Ripple (xrp), Tether (usdt), Dogecoin (doge)\u003c/strong\u003e. You can quickly deposit and withdraw money in cryptocurrency online.\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eBitStarz;\u003c/li\u003e\n\u003cli\u003e7Bit Casino;\u003c/li\u003e\n\u003cli\u003emBit Casino;\u003c/li\u003e\n\u003cli\u003eCloudbet;\u003c/li\u003e\n\u003cli\u003eRed Dog Casino;\u003c/li\u003e\n\u003cli\u003eIgnition Casino.\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e","seo_title":"Best Bitcoin (BTC) Casinos \u0026 Crypto Gambling Sites 2022","seo_description":null,"seo_image":null,"old_image":"https://wp.prod.testessential.net/wp-content/uploads/2022/01/imgonline-com-ua-Compressed-VT9WciutN5XqN.jpg","seo_keywords":null,"short_content":"Are you looking for the best crypto gambling sites? If you’re a cryptocurrency holder that’s all-in for some fun online gambling, then this list of the best bitcoin casinos 2022 is for you. Betting cryptocurrencies is still a new thing for many of us. But digital currencies have become increasingly popular among gamblers and gamers","image":null,"category":{"title":"Crypto Lifestyle","slug":"crypto-lifestyle"}},{"id":6113,"status":"published","sort":null,"user_created":"ca36dd59-e84f-4468-80da-d7762c746176","date_created":"2021-12-25T10:20:02.000Z","user_updated":null,"date_updated":null,"title":"How Traveling On Crypto Could Save You Money In 2022","slug":"how-traveling-on-crypto-could-save-you-money","content":"\u003cp dir=\"ltr\"\u003eNot only the crypto market is warming up, but also the weather. With the holidays season just around the corner, it\u0026#8217;s time to sit down and think of that long-awaited well-deserved vacation.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eWhether you are going for the low-cost weekend getaway or a two-week all-inclusive trip, traveling is a financial burden and saving money is something that is on everyone\u0026#8217;s mind.\u003c/p\u003e\u003cp\u003eBelieve or not, digital currencies can help you stay on budget when traveling abroad. And considering the odds of winning the lotto are slim to none, here is why cryptocurrencies might be your best choice the next visit to Disneyland (or anywhere else really).\u003c/p\u003e\u003ch2 dir=\"ltr\"\u003eSending money internationally\u003c/h2\u003e\u003cp dir=\"ltr\"\u003eEven if you do your best to set everything up before going on a trip, there is a high chance you would forget to cross something off your to-do list. Paying an electricity bill, your kid\u0026#8217;s kung fu class or giving your mother a birthday present (good luck with that one).\u003c/p\u003e\u003cp dir=\"ltr\"\u003eRelying on a bank or a remittance service to send money internationally is both time-consuming and expensive. In most cases, these institutions would take from 1 to 5 business days to process a single transaction and ask for a substantial fee to do it.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eWith cryptocurrencies, it\u0026#8217;s a different story. Blockchain technology allows them to move instantly across the world at a minimum cost. Unlike traditional money transfers, fees aren\u0026#8217;t related to the amount sent but to the computer power required to store the data.\u003c/p\u003e\u003cp dir=\"ltr\"\u003e\u003cstrong\u003eToo good to be true? In 2018, cryptocurrency exchange Binance moved 109,000 BTC (~$614 million) from one wallet to another. Guess how much it costed them? $7. Oh, and the transactions was completed in under 8 minutes.\u003c/strong\u003e\u003c/p\u003e\u003cp\u003eThat said, your next question should sound like\u0026#8230; \u0026#8220;how to send money using cryptocurrencies?\u0026#8221; With solutions like Crypterium, you can send money internationally in seconds without any fees.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eTo get started, all you need to do is \u003ca href=\"https://app.crypterium.com/sign-up\"\u003edownload the app\u003c/a\u003e and top it up with your favorite crypto (Bitcoin, Ethereum, Litecoin, etc.) and click on \u0026#8220;Send\u0026#8221;.\u003c/p\u003e\u003cp\u003eOne great thing about sending money with Crypterium is that you don\u0026#8217;t need to enter a long blockchain address. All you need is the recipient #39;s phone number. If you\u0026#8217;re transferring money to your friend and he/she doesn\u0026#8217;t have a wallet, we automatically create one for them and notify them via SMS about the incoming transaction.\u003c/p\u003e\u003ch2 dir=\"ltr\"\u003eReceiving money from overseas\u003c/h2\u003e\u003cp dir=\"ltr\"\u003eIt happens. Everything goes as planned until it suddenly doesn\u0026#8217;t anymore. The airline loses your luggage, your wallet mysteriously vanishes from the hostel or you simply cannot stop spending (oh, those souvenir stores hellip;) For one reason or another, you might find yourself in need for urgent extra cash.\u003c/p\u003e\u003cp dir=\"ltr\"\u003e\u003cstrong\u003eSo, what do you do? You ask for help, naturally. But the fact that your family and friends are ready to save you, it doesn\u0026#8217;t mean Western Union is on board.\u003c/strong\u003e\u003c/p\u003e\u003cp dir=\"ltr\"\u003eGetting money could take some time if you rely on traditional methods. Luckily, you can access fresh funds in seconds when receiving money through the \u003ca href=\"https://crypterium.com/wallet\"\u003eCrypterium Wallet\u003c/a\u003e. And nobody pays for commissions. Now that\u0026#8217;s what we call lsquo;convenient\u0026#8217;.\u003c/p\u003e\u003ch2 dir=\"ltr\"\u003eShopping offline\u003c/h2\u003e\u003cp dir=\"ltr\"\u003eNothing like foreign transaction fees to ruin your post-holiday mood. If you\u0026#8217;ve ever swiped your bank card outside your home country, then you have already paid foreign transaction (FX) fees.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eForeign transaction fees are applied to each transaction made abroad, payments processed by foreign banks or purchases in other currencies than your base one.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eThe average foreign transaction fee is 3% of your payment. Typically, this fee is divided in two parts. One that is charged by the card network (Visa, MasterCard, UnionPay) and another taken by the card issuer (the bank or fintech company).\u003c/p\u003e\u003cp dir=\"ltr\"\u003eHopefully, fiat-based cards are no longer the only alternative for you. Instead, you can order a multi-currency Crypterium Card mdash; the first global crypto debit card mdash; and instantly lower that fee to 2%. In the long run, that difference adds up.\u003c/p\u003e\u003ch2 dir=\"ltr\"\u003eWithdrawing cash abroad\u003c/h2\u003e\u003cp dir=\"ltr\"\u003eDigital currencies can also be useful when trying to withdraw cash in foreign territory. Apart from the foreign transaction fee mentioned above, bank cards charge an additional fee each time you withdraw funds in a foreign ATM.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eAs you could imagine, that doesn\u0026#8217;t happen with our card. The \u003ca href=\"https://crypterium.com/cards\"\u003eCrypterium Card\u003c/a\u003e only applies the same 2%. However, some ATM networks might add their own fees. But that is a cruel reality that affects all cards in the market, not just ours.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eAlternatively, Crypterium App users can withdraw cryptocurrencies to a regular card using the lsquo;card payout\u0026#8217; feature. It works with any debit or credit MasterCard account in the world and the transactions are processed instantly. As for the fees, we only take 1% + fixed 1 EUR.\u003c/p\u003e\u003ch2 dir=\"ltr\"\u003eTopping up your phone\u003c/h2\u003e\u003cp dir=\"ltr\"\u003eThis one is more about saving your from a headache rather than extra charges. If you run out of phone credit while \u003ca href=\"https://juicytravel.ru\"\u003etraveling\u003c/a\u003e, you might need to ask someone back home to help you out. Or visit your operator\u0026#8217;s website, purchase some credit\u0026#8230; A waste of your time. With the Crypterium App, you can use your favorite digital assets to top up your mobile balance instantly in over 100 countries. That, of course, if you want to stay reachable.\u003c/p\u003e\u003ch4 dir=\"ltr\"\u003e\u003cstrong\u003eAbout Crypterium\u003c/strong\u003e\u003c/h4\u003e\u003cp dir=\"ltr\"\u003eCrypterium is one of the most promising fintech companies, according to KPMG and H2Ventures. We are building a mobile app that meets the banking needs of the digital assets era.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eOur goal is clear: with Crypterium, whatever you can do with traditional money you will able to do with digital assets. This idea is supported, among others, by the co-founder of TechCrunch Keith Teare and over 400,000 registered users, and the number is growing by day.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eThe team is led by former General Manager of Visa Central amp; Eastern Europe Steven Parker, and C-level executives from global financial institutions, like Renaissance Insurance, London Derivatives Exchange, American Express etc.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eJoin our \u003ca href=\"https://t.me/crypterium_en\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eTelegram news channel\u003c/a\u003e or other social media to stay updated!\u003c/p\u003e\u003cp dir=\"ltr\"\u003e\u003ca href=\"http://crypterium.com/\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eWebsite\u003c/a\u003e ๏ \u003ca href=\"https://t.me/crypterium\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eTelegram\u003c/a\u003e ๏ \u003ca href=\"https://www.facebook.com/pg/crypterium.org\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eFacebook\u003c/a\u003e ๏ \u003ca href=\"https://twitter.com/crypterium\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eTwitter\u003c/a\u003e ๏ \u003ca href=\"https://www.reddit.com/r/crypterium_com/\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eReddit\u003c/a\u003e ๏ \u003ca href=\"https://www.youtube.com/channel/UChl-t3ilQK9mKj0jgXCdaxA\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eYouTube\u003c/a\u003e ๏ \u003ca href=\"https://www.linkedin.com/company/crypterium/\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eLinkedIn\u003c/a\u003e\u003c/p\u003e","seo_title":null,"seo_description":null,"seo_image":null,"old_image":"https://wp.prod.testessential.net/wp-content/uploads/2019/06/image-89.jpeg","seo_keywords":null,"short_content":"Not only the crypto market is warming up, but also the weather. With the holidays season just around the corner, it\u0026#8217;s time to sit down and think of that long-awaited well-deserved vacation. Whether you are going for the low-cost weekend getaway or a two-week all-inclusive trip, traveling is a financial burden and saving money is","image":null,"category":{"title":"Crypto Lifestyle","slug":"crypto-lifestyle"}},{"id":12846,"status":"published","sort":null,"user_created":"ca36dd59-e84f-4468-80da-d7762c746176","date_created":"2021-12-21T13:14:59.000Z","user_updated":null,"date_updated":null,"title":"Best NFT crypto. How to invest in NFT crypto?","slug":"best-nft-crypto-how-to-invest-in-nft-crypto","content":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe explosion of blockchain news and events leave many people baffled: “What is going on here?”. When you know that Jack Dorsey sold his the very first tweet for nearly 3 million dollars, or that the pixel GIF of Nyan Cat making its way through the cosmos scooped insane $580 thousand, the natural reaction of many of us would be to raise the eyebrows and drop the F-bomb.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003ePeople want to pay house-money sums for digital files that you otherwise can easily download or screenshot from the Internet absolutely for free – NFTs look like the general craze that deprives users of common sense.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYou might be wondering: what the thing is with NFTs, and how to invest in those notorious non-fungible tokens to live high off the hog? In this article, we will outline the basics of NFT investing and hold forth on whether NFT crypto makes any decent investment choice.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBut first things first: here is everything you need to know about NFTs before you plunge into action.\u003c/span\u003e\u003c/p\u003e\u003ch2\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-large wp-image-12869\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2021/12/cr_nft_blog_1-1-1024x256.jpg\" alt=\" where to invest in nft crypto, best nft crypto to invest, invest in nft crypto\" width=\"1024\" height=\"256\" /\u003e\u003c/h2\u003e\u003ch2\u003e\u003cb\u003eWhat Is an NFT?\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAn NFT can be decoded as “a non-fungible token”. It is essentially a digital asset like a cryptocurrency token, but unique, rare, and valuable. Non-fungible tokens are designed to be “one-of-a-kind”, exclusive, unrepeatable, with no two NFTs ever identical or interchangeable. Since NFTs are matchless, there has been no recognized market price for them so far.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFTs can be exemplified with an original piece of artwork, such as an iconic painting of Van Gogh “The Starry Night”. It is original, unique, and exists in a single copy (although there are thousands of replicas, none of them are original). The painting is the only of its kind, and nothing can be equivalent to it. It cannot be exchanged like-for-like or reproduced (fake copies never count).\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eA dollar banknote, on the other hand, can be reproduced in large quantities. You can exchange a dollar banknote for another one and always enjoy the same value. One Bitcoin token is also always equal to another Bitcoin token. These assets are fungible, and interchangeable. NFTs – never.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn a very technical sense, each NFT presents a piece of unique data recorded on some blockchain such as Ethereum, and it is also connected with the cryptocurrency supported by a given blockchain technology. Many NFTs are built on the top of Ethereum and require Ether (ETH) to purchase them. Ethereum even offers the purposefully designed standards ERC-721 and ERC-1155 to enable the production of NFT collectibles.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eHowever, there are many other blockchain networks that support the production (“minting”) of non-fungible digital assets, including Tron, Solana, Cardano to name a few.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFTs can be linked to easily reproducible digital or real-world unique items, such as portraits, videos, music compositions, video game gear, virtual real estate, virtual worlds, GIFs, memes, trading cards, and others (similar to a certificate of authenticity). Blockchain technology secures the token with public proof of ownership. Copies of the original file are not limited to the owner of the NFT and can be duplicated and transferred like any other file.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFTs are generated when a blockchain writes records of a cryptographic hash (a set of characters that identifies a set of data), onto previous records, thereby creating a chain of identifiable data blocks. This cryptographic transaction process authenticates each digital file by providing a digital signature that is used to track the ownership of the NFT.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eOwnership does not inherently grant copyright or intellectual property right to any digital asset that the token represents. While someone might sell an NFT representing their work, the buyer does not necessarily acquire copyright, and therefore the original owner is allowed to create more NFTs for the same work.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBuyers do not own the copyright in the main work unless the copyright is explicitly transferred. In practice, buyers usually do not acquire the copyright for the underlying artwork –they simply possess the NFT art.\u003c/span\u003e\u003c/p\u003e\u003ch2\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-large wp-image-12870\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2021/12/cr_nft_blog_2-1-1024x256.jpg\" alt=\" where to invest in nft crypto, best nft crypto to invest, invest in nft crypto\" width=\"1024\" height=\"256\" /\u003e\u003c/h2\u003e\u003ch2\u003e\u003cb\u003eHow Can NFTs Be Used?\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe unique identity and ownership of an NFT can be verified using the public distributed ledger. Ownership is often associated with a license to use the underlying digital asset, but usually does not provide the buyer with copyright. Some agreements only grant a license for personal, non-commercial use, while other licenses also permit the commercial application of the underlying digital asset.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eMost people buy NFTs to showcase their “bragging rights.” They have a penchant for expensive masterpieces and want to indulge in the status of the official owner. Many celebrities create NFTs and auction them off to fans that are willing to pay insane bucks for the feeling of “getting closer to their favorite star”.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eDigital art was an early use case for NFTs due to the blockchain\u0026#8217;s ability to guarantee a unique signature and ownership. A digital collage work titled “EveryDays: The First 5000 Days” by famous artist Mike Winckelmann (known professionally as Beeple) was sold for $69.3 million in 2021.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAnother Beeple’s article titled “Crossroad”, a 10-second video showing busy pedestrians passing by the Donald Trump figure, was sold for $6.6 million at the Nifty Gateway in March 2021.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn March 2021, a blockchain company Injective Protocol bought an original screenprint called \u0026#8220;Morons (White)\u0026#8221; for $95,000 from English graffiti artist Banksy and filmed someone burning it with a cigarette lighter. The video was minted and sold as NFT. The man who destroyed the artwork, calling himself \u0026#8220;Burnt Banksy,\u0026#8221; described the act as a way of transferring a physical artwork into the NFT space.\u003c/span\u003e\u003c/p\u003e\u003ch2\u003e\u003cb\u003eAre NFTs Suitable for Long-Term Investment?\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhile Blockchain and cryptos have been around for a fair decade, NFTs are truly a new asset class in the economy. Since there is much hype around them, non-fungible tokens (NFTs) are gaining momentum, with some NFT arts being sold for millions of dollars.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBut the increasing popularity and advocacy from icon celebrities do not immediately make NFTs the right asset for a long-term investment.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYou need to be aware that NFTs are speculations, and their demand is determined entirely by customer willingness to buy and sell them, not by market factors.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf you do decide to try your hand in NFT investing, make sure you put at stake as little personal finance\u003c/span\u003e \u003cspan style=\"font-weight: 400;\"\u003eas you can safely afford to lose. Given its novelty, the market performance for NFTs is hard to predict, and these digital assets have yet to be tested by time. They also do not provide any steady cash flows, such as interest or dividends gained from stocks.\u003c/span\u003e\u003c/p\u003e\u003ch2\u003e\u003cb\u003eWhere to Get the Best NFT Tokens and Collectibles?\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe demand determines the supply. Since NFTs are rather sought-after products nowadays (despite their inherent riskiness), there are many online NFT marketplaces offering you all sorts of NFT files to pick from.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe most popular platform is OpenSea, a peer-to-peer marketplace for NFTs, rare digital assets, and crypto collectibles. This marketplace also offers the ability to create and sell your NFTs. There are other NFT marketplaces available, including Rarible, NBA Top Shot Marketplace, Nifty Gateway, Larva Labs among others.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe main way to make money from NFT investment is to buy it at one price and then resell it at a higher price to another buyer. It is hard to imagine any better profit-making scheme, especially for an asset as novel as NFTs.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe best strategy could be to search for digital artwork that you think is particularly attractive or may be of a greater importance in the future.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003ePutting all eggs into one basket is not the best plan when it comes to investing in non-fungible tokens. Consider limiting your investment in any particular non-fungible token. It will also help you follow one of the best investment rules, which is diversification across multiple tokens.\u003c/span\u003e\u003c/p\u003e\u003ch2\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-large wp-image-12871\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2021/12/cr_nft_blog_3-1-1024x256.jpg\" alt=\"\" width=\"1024\" height=\"256\" /\u003e\u003c/h2\u003e\u003ch2\u003e\u003cb\u003eHow to Invest In NFT Crypto?\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf you want to learn how to become an NFT investor, let’s satisfy your curiosity.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eCreate an NFT Marketplace Account\u003c/span\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eOnce you have done your research and picked a perfect NFT marketplace with a stellar reputation, it is time to obtain a digital wallet to hold and secure your virtual possessions. The wallet must be funded with cryptocurrency, such as Ether (ETH). A good rule of thumb is to explore, which wallets are supported by the NFT marketplace of your choice to avoid any hurdles when making a transaction.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eOnce your wallet is up and running, you need to go to your NFT marketplace and connect your digital wallet. By doing so, you will officially create an account with your chosen NFT marketplace. It will further guide you throughout the process prompting on what you should do next, so connecting your digital wallet and creating an NFT marketplace account will be a breeze. Once you are all set, you can participate in the marketplace and start investing in NFTs.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eObtain a Digital Wallet to Buy NFTs\u003c/span\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eA wallet acts like a physical wallet that stores your banknotes as well as debit and credit cards, but a digital wallet is specifically designed to hold cryptocurrency.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eGenerally speaking, your best bet is a digital wallet that uses enterprise-level security measures making sure your wallet will be hard to get hacked. Crypterium is exactly this type of \u003c/span\u003e\u003ca href=\"https://crypterium.com/wallet\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ewallet\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYou will need a digital wallet that works with your selected NFT marketplace (for example, OpenSea is built on the Ethereum blockchain). Your wallet must be compatible with the cryptocurrency you want to buy and sell on the platform. For example, Crypterium supports cryptocurrencies like Ether, \u003c/span\u003e\u003ca href=\"https://crypterium.com/coin/buy-btc\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eBitcoin\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, Ripple, and other trendy coins.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eFund Your Account\u003c/span\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYou need to purchase a cryptocurrency like Ether to be able to trade on an NFT marketplace platform.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYou can do so quickly and easily through Crypterium, a multi-asset wallet that offers fiat-to-cryptocurrency purchases. This high-end solution allows users to buy their first coins like Bitcoin and Ethereum paying as little as €2.50 from their bank cards. A full-fledged storage solution, Crypterium lets you buy, sell, and store your cryptocurrencies. It also offers plenty of tools to manage your tokens with the uttermost efficiency.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eOnce your wallet is loaded with some cryptocurrency, you can go to an NFT marketplace and buy an NFT.\u003c/span\u003e\u003c/p\u003e\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eBuy an NFT\u003c/span\u003e\u003c/h3\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhen your digital wallet is running and contains enough cryptocurrency, you are ready to make a purchase.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIt is important to understand that NFT marketplaces usually sell NFTs through auctions. You will need to submit a bid for the token you want to acquire. The deal will be concluded if you offer the highest bid, or if you are the only bidder.\u003c/span\u003e\u003c/p\u003e\u003ch2\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-large wp-image-12872\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2021/12/cr_nft_blog_4-1-1024x256.jpg\" alt=\"nft marketplace crypto, nft gaming crypto, top nft crypto\" width=\"1024\" height=\"256\" /\u003e\u003c/h2\u003e\u003ch2\u003e\u003cb\u003eHow to Create Your Own Non-Fungible Token?\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhile this nascent class of asset might seem complex, creating your own NFTs is surprisingly easy. In this guide, we will use OpenSea marketplace as an example because this platform offers everything you need to design and verify your creations.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eFrom\u003c/span\u003e\u003ca href=\"https://opensea.io/\"\u003e \u003cspan style=\"font-weight: 400;\"\u003eopensea.io\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, navigate to your profile icon and click “Create” in the upper right corner.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYou will land on the page for creating an item. This page will allow you to upload the NFT file, give it a name, and add a description.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBy completing these fields, you can further customize your NFT. This includes putting it in an existing collection, or adding properties, levels, statistics, and even unlockable content.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYou can even choose the distributed ledger that you want to mint your token on.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhen you\u0026#8217;re done with customizing your NFT, hit the “Create” button. Congratulations, you\u0026#8217;ve just created your first NFT!\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThere is no cost to set up an NFT with this marketplace, but there is a 2.5% fee to be deducted from you if your product is bought.\u003c/span\u003e\u003c/p\u003e\u003ch2\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-large wp-image-12873\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2021/12/cr_nft_blog_5-1-1024x256.jpg\" alt=\"where to buy nft crypto, where to buy nft\" width=\"1024\" height=\"256\" /\u003e\u003c/h2\u003e\u003ch2\u003e\u003cb\u003eHow to Sell an NFT?\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eLet’s assume you deal with OpenSea and are willing to sell your NFTs on this platform. This is how you can do so.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eFrom\u003c/span\u003e\u003ca href=\"https://opensea.io/\"\u003e \u003cspan style=\"font-weight: 400;\"\u003eopensea.io\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, select your profile picture in the upper right corner and press \u0026#8220;Profile\u0026#8221;.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSelect the NFT you want to sell from your collection.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eChoose an NFT and press “Sell” in the upper right corner to be redirected to the listing page.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYou will be taken to the listing page, where you can select the price and type of sale.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe Fixed Price sale is a sale, in which the price remains fixed. Alternatively, you can opt for the Timed Auction sale, herein the value of your product will be suggested by bidders.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYou can also set the duration of the sale. The default options are 1 day, 3 days, or 1 week, but you can also set an individual duration using the calendar.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYou can also include an item in a bundle (grouping of NFTs from different collections).\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eFinally, you can also reserve an item for a specific person. To do this, simply paste their address into the field called \u0026#8220;Reserve for a specific customer.\u0026#8221;\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn all of these options, you will see the potential fee deducted from the sale. OpenSea charges 2.5% for the deal, and 10% for “Creator Royalty.” Depending on your choices, you may end up paying 12.5% from a single NFT sale.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYou will then be asked to confirm the sale by signing the transaction.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003ePlease note, if the item you are selling was not minted by OpenSea but at some other platform, additional approval and signature may be required to allow OpenSea to trade that item on your behalf.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eOnce your item is successfully listed for sale, you will receive a pop-up notification. It only remains to wait for the right buyer to come and get inspired with your NFT, so you can earn some (or pretty many) bucks. Connecting your NFT inventory to your social media pages will increase your chances for a lucrative deal.\u003c/span\u003e\u003c/p\u003e\u003ch2\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-large wp-image-12874\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2021/12/cr_nft_blog_6-1024x256.jpg\" alt=\"where to buy nft crypto, where to buy nft\" width=\"1024\" height=\"256\" /\u003e\u003c/h2\u003e\u003ch2\u003e\u003cb\u003eNFT Investing: What to Consider?\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eInvesting in an NFT is not without its risks, the biggest of which is being unable to resell the item for the money you spent on it. In the worst-case scenario, you may not be able to sell it at all.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFTs should be considered collectibles. Whether you are buying or creating a token, it could be difficult to further sell one. There may simply not be a market for this item right now. But there may be a market for it in the future as global events and trends can facilitate the increase of its value.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThis is why it is vital not to invest more money in NFTs than you can afford to lose. The best approach might be to create your own NFTs. Since it will cost very little or even be cost-free to create your own non-fungible tokens, any money you make from the sale will be pure profit.\u003c/span\u003e\u003c/p\u003e\u003ch2\u003e\u003cb\u003eAdvantages of NFTs\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFTs have been increasing in value since March 2021, and this trend is not showing any signs of subsiding so far. If this trend continues, investing in NFT crypto can be highly profitable.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe creation of your own NFTs costs as little as nothing. Even if you sell it for a petty price, you will still benefit.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAs nearly everything else in the economy goes digital, collectibles can go digital as well. This could mean that the future of one-of-a-kind digital artworks is indeed bright.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThere are already established online marketplaces for NFTs. This makes it easy to buy, sell, and even create exclusive, rare tokens.\u003c/span\u003e\u003c/p\u003e\u003ch2\u003e\u003cb\u003eDisadvantages of Non-Fungible Tokens\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNon-interchangeable digital assets present a new and insecure asset class.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThere is no efficient way to predict how much any given token will cost in the future.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIt is impossible to know if NFTs represent the future of collectibles, or if they are just a bubble on the verge of popping.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSince anyone can create an NFT, the market can soon become oversaturated.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe recent price spike makes current and future NFT purchases even more risky.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThere is a possibility of copyright infringement if your asset uses part or all of someone else\u0026#8217;s work. It is even possible that your own work will be easy to duplicate.\u003c/span\u003e\u003c/p\u003e\u003ch2\u003e\u003cb\u003eWhat Does the Future Hold for NFTs and Should You Invest In Them?\u003c/b\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eGiven that NFTs don\u0026#8217;t have a lot of history and any proven market performance, it\u0026#8217;s impossible to forecast their future. Surely, digital art is rapidly developing, and creations of artists need their own market, so this may give NFTs a good impulse. But it’s hard to say whether it is the art itself or general crypto-frenzy that encourages people to buy NFTs for megabucks.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAt the moment, NFTs are new. Consider any participation as speculation and invest as much money as you can afford to lose lightly. Buying NFTs now does not guarantee any profits in the future.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThis article is not investment advice and is for educational purposes only.\u003c/span\u003e\u003c/p\u003e","seo_title":null,"seo_description":null,"seo_image":null,"old_image":"https://wp.prod.testessential.net/wp-content/uploads/2021/12/cr_nft_blog-1.jpg","seo_keywords":null,"short_content":"Learn how to invest in NFT crypto, where you can buy NFT assets, and how to create your own NFT. A beginner’s guide on how to start investing in non-fungible tokens (NFT)","image":null,"category":{"title":"Crypto Lifestyle","slug":"crypto-lifestyle"}}]},"page":1,"category":{"id":63,"title":"Crypto Lifestyle","slug":"crypto-lifestyle"}},"__N_SSP":true},"page":"/news/[category]","query":{"category":"crypto-lifestyle"},"buildId":"Eg775cRt6RyArj0C5bgiQ","isFallback":false,"gssp":true,"locale":"en","locales":["en"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>