Guides

Before investing in fiat financial markets, one of the essential things that every investor must have is a bank account. The account helps in not only storing the investments but also as a way to receive profits made from trade. What about crypto? What is the first thing every rookie investor must have when joining crypto? Well, a crypto wallet.  A crypto wallet protects investors' assets as they tread in the crypto space. You cannot purchase crypto assets without having…

Financial markets, including stock and cryptocurrency exchange platforms, are among the most lucrative investments of today. However, should anyone assume that investing in financial markets is easy? No! Investing in crypto markets is among the most complex investment options today.  Many rookie investors make the mistake of inputting emotions in their investment decision-making in crypto and lose fortunes. However, that has always been a catalyst of business failure, especially when trading cryptocurrency. Fortunately, there are various ways an investor can…

The cryptocurrency world has its share of success stories and tales of bankruptcy – including scams. However, over a decade since cryptocurrencies became a reality, the sector has advanced rapidly to the present-day solid, stand-alone market. Knowing how to invest in cryptocurrency may seem complicated, especially for beginners in trading, but it can be a profitable venture with the correct information. In today's guide, we will focus on mining vs. day trading vs. hodling; thus, read on to find out…

A staking pool is where multiple stakeholders can combine their computation resources to increase their chances of getting a reward. In layman's terms, staking pools allow stakeholders to unite their staking power in verifying and validating new blocks, thus increasing the probability of earning block rewards. A pool operator manages a staking pool where the stakeholders who join the pool lock their digital assets in a specific blockchain address (wallet). It is important to note that the number of rewards…

Decentralized Finance Tokens are gradually becoming one of the significant use cases of smart contracts. It has helped solve the fundamental issue of providing banking services to people who do not use banks. However, as the DeFi ecosystem grows, selecting the best wallets to store or hold DeFi tokens safely has proven daunting. That brings us to our guide today, which will help make choosing DeFi wallets straightforward. The Best DeFi Wallet should: Allow access to DeFi Assets: A good…

The world of crypto is growing, and now people are eager to get in on the frenzy. Crypto stands for all cryptography applications, including DeFi, which mirrors traditional banking and financing concepts except on blockchain technology. The advent of DeFi tokens has caused a frenzy reminiscent of the booms of bitcoin and other cryptocurrencies in 2017. DeFi tokens have joined the race in disrupting traditional finance by allowing the following: lending and borrowing within a peer-to-peer network without any intermediaries,…

The advent of DeFi projects for farming pales compared to the aptitudes of traditional finance like lending and borrowing Into oblivion. However, the underlying capabilities of farmers to earn rewards in the form of interest for locking up their funds allows these DeFi projects to reach new highs in the future.  A market with over $5.2 billion in Total Value Locked of liquidity pools in yield farming projects explains why many want to join the craze. Yield farming involves farmers…

A quiet battle rages behind the scenes of the decentralized exchange (DEX) community. The recent surge in the decentralized finance (DeFi) sector has driven interest in DEXes to new heights. There are currently a variety of top-performing DEXes in the market. Each platform introduces new features and services based on its technical structure. Here are the differences between the four major contenders in the market - Uniswap vs. SushiSwap vs. PancakeSwap vs. MDEX. Uniswap Uniswap is the largest Ethereum Dapp…

If you are a true cryptocurrency enthusiast, I bet we both know that the industry can be pretty lucrative. However, that doesn't mean anyone can hop in, invest and make huge chunks of money. The returns are never guaranteed, and success isn't that easy. Seasoned traders use different trading strategies, including software, to help them choose the right coins and detect the correct entry and exit times. Nevertheless, everyone must start somewhere. It's so easy to get tempted to join…