When Bitcoin was born in 2009, the main purpose of this currency was to purchase everything from pins to planes. However, due to its rapid growth and popularity, many criminal heads turned their heads over it.

In the mainstream market, multiple vendors and retailers have now started to take payment in exchange for Bitcoins as they have understood the true potential of digital currency. Bitcoin Revolution helps you to understand the crypto game better.

In today’s scenario, many people are still unaware that they can buy stuff using bitcoins and other cryptocurrencies. The Crypto market is booming, and so is its consumer base. It’s high time that we understand the true potential of cryptocurrency.

How Can You Make a Purchase Using Bitcoins?

So, the very first question that pops into our heads is how we can carry out transactions using cryptocurrency. So, here the answer is that we can use a crypto debit card. This is one of the easiest and the most reliable ways to carry out digital currency transactions.

So, to use such debit cards for purchasing stuff, you have to get these cards preloaded with cryptocurrency. Any currency of your choice can be loaded and used to carry out transactions. The retailer will receive the fiat money as payments.

These transactions are carried out smoothly and safely as the crypto debit card partners with the industry’s big names like MasterCard or visa. Thus, you can now carry out digital transactions easily without any hassle.

What All Can You Buy Using Bitcoins?

The most crucial part is what we can purchase using cryptocurrency. Carrying out transactions using bitcoin is a very new concept. Therefore, it is rare to find out retailers and sellers who would very easily agree to accept payments in bitcoin or any other type of crypto. However, many e-commerce websites have now started to accept payments in bitcoins. So, let’s dive into details regarding what we can purchase using crypto.

Cars

Multiple luxury car dealers have been accepting payments in the form of cryptocurrency. This list only involves the big names in the markets which deal with luxury cars. Lamborgini is one such brand and has been in the game for a long time. Tesla, which deals in electric cars, has recently become a part of this exclusive gang and now accepts payments using bitcoins or any other form of crypto.

Tech

Companies that primarily deal with technology have been accepting payments in a cryptocurrency over their websites. Some of these names are Microsoft, Newegg, and AT&T.

Currently, most of these companies accept digital currency only on their websites, Microsoft being one of them. It accepts bitcoins only on its online platform and not on its Xbox gaming platform to streamline the process.

The first e-commerce website to accept crypto as the mode of payment was Overstock. Patrick Byrne was among the first founders who initiated this step of accepting digital payments. Shopify and Rakuten are the other names in this field. Paypal, which was once a subsidiary of eBay, assists its users in buying, selling, and sustaining cryptocurrency.

After the popularity of bitcoin and other cryptocurrencies, even the biggest players in the market, like Amazon and eBay, have also started accepting digital currency. So, now you can easily purchase any tech products from these websites in exchange for your crypto. Moreover, new companies are willing to become part of this list every day due to the rising benefits of using digital currency.

Expensive Items

Numerous retailers are now selling luxury goods and products in exchange for bitcoins. Expenses watches and cars are the epitomai of luxury, and now you can easily purchase them in the digital currency exchange.

Newsmedia and Insurance

Media houses whose world revolves around crypto give subscriptions to their users and the other services in exchange for cryptocurrency. Many insurance companies have started accepting premium payments using cryptocurrency for many services and products.

Anonymity and decentralization have made cryptocurrency everyone’s favorite. People who have a piece of deep knowledge and detailed information regarding cryptocurrency have started investing regularly.

After gaining the knowledge, you can take a chance on the low-priced cryptocurrency; visit site if you notice a price rise, you can buy or sell accordingly. This is how most people are making millions sitting in the comfort of their homes. Apart from just making profits, they can estimate the rise and fall in price to invest accordingly.

So, if you are wondering which crypto is the best option for investment, let me introduce you to the best and cheapest cryptocurrency options in which you can invest if you are a newbie.

Ethereum

In recent times Ethereum has experienced exponential growth in its value and popularity. After bitcoin, the next most reliable altcoin that can assist you in earning high profits. The hike in the prices of this altcoin was noticed in the year 2020, and since then, it has been a rollercoaster ride for the traders.

Ethereum also allows its developers to generate dApps with the complete assistance of smart contracts. However, this is not the case when we talk about bitcoin. Moreover, with the introduction of the new upgrade of Ethereum, i.e., Ethereum 2.0, people will experience speedy transactions and a decrease in fees.

Avalanche

Avalanche is a new cryptocurrency in the market, rising in value and popularity every day. The new thing about avalanche is that it uses three blockchains instead of using one blockchain. This means that now the tasks are bifurcated, and hence, the speed of transactions and overall process has also increased.

Apart from using three chains instead of one, it also uses two different consensus mechanisms so that the system can work smoothly and appropriately.

Lucky Block

Lottery and lottery system has been on the scene since ancient ages. Lucky block has been introduced to keep a similar idea in mind. This form of crypto is a crypto-lottery platform where new blockchain technology is being used to improve the old lottery systems. If you think that this might be unfair or a hoax, you are completely mistaken. This is fair as people can purchase the lotto tickets from the platform’s native token using Lblock.

As in this system, they are using Lblock instead of fiat, and it makes it possible for them to make payouts quickly and conduct daily lucky draws. Above all, as we all know, with cryptocurrency, you can make easy transactions across the globe, so now people sitting in any corner of the world can participate in these lucky draws.

Maker

Maker is a lending platform and is completely decentralized. Here, this crypto is built on the Ethereum platform. Users can easily take crypto loans here. It helps them to lend cryptocurrency without any hectic or mandatory KYC details.  It is your one shortcut way to buy the latest and the most profitable currency of the present times.

Chainlink

This is the new age of cryptocurrency where chainlink makes off-chain data available to the blockchain. Chainlink uses oracles to carry out this process; hence, this entire process is streamlined and lucrative. However, what do you mean by off-chain data? Off-chain data means stock market prices, making them available, and smart contracts can use them. They can be used with the use of dApps.

Moreover, the data available on chainlink is not for free. The nodes of chainlink can be sourced after paying a certain fee. Therefore this is another good option to invest for the beginners or the pro traders

Uniswap

Another great option that can be accessed over the Ethereum platform is uniswap, also known as UNI. Users can buy this cryptocurrency over the Defi space, and it is one of the best cryptos in the market. The reason is that it is a completely decentralized exchange (DEX). The users can conveniently sell and purchase tokens without disclosing their identity, and thus, this process is safe and reliable.

Cryptocurrency has been in the market for a very long period. However, not everybody is well-versed in the basic terminologies that people use while dealing with digital currency. People are not aware of the creator and the developer as well. So, cryptocurrency was created by Satoshi Nakomoto.

Vitalik Buterin is the creator of Ethereum, and he created this crypto in 2015. digital yuan trading bot has been a gem in the crypto world. So, after some basic details, let’s dive into the topic and gather knowledge regarding some basic terminology used in the crypto world.

Altcoin

Understanding altcoins is very easy, as altcoins include all the other coins that are neither bitcoin nor Ethereum. Altcoins carry very little market value, and thus, it is advised that people should purchase the mainstream cryptocurrency most of the time to receive higher returns.

Bitcoin

Bitcoin is not a new name in the world of digital currency. Most people came to know about cryptocurrency by this name. So, cryptocurrency was launched in the year 2009 on January 3rd. Bitcoin has made many investors millionaires and many millionaires broke due to its fluctuating nature. However, bitcoin is the most reliable cryptocurrency that has been catering financial needs of multiple traders.

Bitcoin Cash

As we all know that even now, not every retailer or customer is very comfortable dealing with bitcoins. Carrying out transactions using bitcoins is not every marketer’s cup of coffee. So, to solve this issue, bitcoin cash is designed to optimize digital currency transactions.

Block

Every time a customer buys or sells bitcoins, it becomes part of a translation record. These records are collectively known as blocks. As multiple transactions are carried out daily over the digital platform, there are multiple blocks in the system.

Each block can store only a certain amount of transaction records. When a block reaches its full capacity, a brand new block is created to continue the blockchain.

Blockchain

A blockchain is like a storehouse of data and transactions for the world of cryptocurrency. It is also the underlying mechanism behind digital currency. A blockchain is formed when multiple individual blocks build upon one another, forming an unchangeable and permanent maze of transactions. These blockchains store all the transactions carried out by the people dealing with crypto.

Cold Storage

Cold storage is an offline place where you can securely keep your digital currency. Cold storage is also called cold storage and is stored in a device that looks similar to a USB device. This is a very secure form of the vault here, and your crypto is completely safe from theft and hacking. However, everything has its pros and cons, and here you might lose it or forget it somewhere along with all your digital currency.

Decentralization

Decentralization is a process of distributing power away from the middle point. If we talk about blockchains, they are completely decentralized, as every change in a blockchain requires approval from all its users. No centralized authority is not responsible for the normal functionality of blockchain and cryptocurrency.

Digital Gold

Cryptocurrency experts often identify some of the cryptocurrencies as digital gold. They classify them under this head after analyzing their value and how they can be stored. Often, they call bitcoin the digital gold.

Exchange

Exchange is a digital space where traders and marketers can easily sell and purchase cryptocurrency.

Gas

Gas is the fee that the developers have to pay to the authority of Ethereum to use the system. The payment of Gas is made in the form of ether.

Hot wallet

Carrying out monetary transactions online has become a very common and essential aspect of the human race. Similarly, to sustain and make your cryptocurrency easily accessible, you can use a hot wallet. This is a software-based crypto wallet where one can store their digital currency with an internet connection. It is just like storing your data in the cloud. However, it is not a very safe place to store your investment as it gets exposed to hacking and other cybercrime masterminds.

Mining

Mining is the process where a new cryptocurrency is formed. It is like a process where new digital currency is electronically produced and sustained in the market.

You can earn free Bitcoin by taking surveys online. Many survey websites offer rewards in gift cards or PayPal cash. However, some people prefer to earn bitcoin as a reward from bitcoinsbuyer.net. There are several ways to acquire a bit of this digital currency, including by completing surveys. In addition to these advantages, you’ll also find that some survey sites also allow you to make referrals. You can get started by signing up with a good survey site and earning right away.

The first step in earning free Bitcoin through online surveys is to check out the websites. Although many sites claim to earn free Bitcoin, you should carefully check the last update date. It will let you know how up-to-date a website is. For instance, Coinbucks, which was last updated four years ago, is a scam. In addition, you can also read reviews of various survey sites to avoid participating in surveys from sites that have negative feedback.

Bitcoin Survey Sites To Earn Free Bitcoin

Instars is another survey site that’s worth trying. Instar is a cryptocurrency that works with a point system. The surveys are easy to complete and earn you bitcoin as a result. Instars is a newer site, but it’s already one of the best Bitcoin survey sites to earn free Bitcoin. You can even make up to $1 per survey on this site. It is a great way to start accumulating Bitcoin. Below we listed some sites that offer bitcoin survey sites to earn free bitcoin.

• Timebucks
• PointPrizes
• InstaGC
• Bitcoin Reward

Instars is another popular survey site. Cointiply is another new site that offers free bitcoin. The surveys are short and easy, and the site itself is very user-friendly. You can earn free bitcoin by participating in surveys on Cointiply. The site is available in many countries, and it is easy to earn bitcoin by taking surveys. The rewards that you earn are paid through your wallet, so you’ll have the chance to keep it all as a bonus.

The Instars platform is a new site that uses the Satoshi currency. It’s a relatively new site, but the surveys are easy and quick. The Instars site is available to all countries, and it offers several ways to earn free Bitcoins. Instars are an excellent option for making free Bitcoin. You’ll have a choice between a wide range of options, so you’ll be able to find the best one for you.

Binance is a trusted platform for earning free bitcoin. It offers a wide range of options. Most of these sites require a BTC address to participate, but some countries don’t have enough tasks. If you’re interested in earning bitcoin, Binance will pay you in either bitcoin or BTC. Then, you’ll have the chance to spend your coins on whatever you like.

Bitcoin Reward is another popular bitcoin survey site. This website pays you in Satoshis, the smallest unit of Bitcoin. There are several different ways to earn free bitcoin, but the most common way is by completing surveys.To earn a few Satoshis, you can sign up for the service and wait for the payment to come. In return, you’ll be rewarded with a few minutes’ work.

Toluna website is another great survey site. Its member’s number is over one million. It has many different payment options, but you can choose between a small number of these. Then, you can decide which surveys to complete and what to do with the money. You can make a few hundred Satoshis by doing some surveys for this website. The best thing about this site is that it’s very easy to make Bitcoins.

Final Words

The best Bitcoin survey sites are legitimate. You’ll receive many rewards in the form of bitcoin. It’s important to remember that the amount of Bitcoin you earn from surveys is extremely volatile, so it’s important to have a reliable wallet before attempting to earn. In addition to using a Bitcoin wallet, you should also take advantage of other cryptocurrency exchanges, including Binance. You can use other exchanges to buy and sell Bitcoin.

The world is changing at an exponential rate, resulting in significant modifications. New unique things are replacing old traditions, and the world is entering the Metaverse. You must educate yourself about bitQT technology to keep pace with the changing world. Experts in fiat money who are unfamiliar with the digital market must update their knowledge and ability to cope with the transforming dynamics.

This article examines the differences between digital and fiat money and compares them in several aspects to provide a comprehensive picture. Let’s take a closer look at the parallels and contrasts between virtual and physical cash.

What is Fiat Money?

Fiat money is the physical form of money backed by precious commodities and is used as a medium of exchange of goods. It is available in either a note or in coin form. It is a legal tender that does not hold any intrinsic value. Government-based central authorities issue it. A few examples include Dollar, Euros, Yen, Rupees, etc.

What is Digital Money?

Digital money is defined as the virtual form of money that is not backed by a precious commodity. It is used to trade on software-based platforms. It has no physical existence and is available digitally. Legal authorities do not issue it. Instead, online software issues it through Initial Coin Offerings (ICO) campaign. Examples include Bitcoin, Ether, Litecoin, Ripple, etc.

How Are They Both Different From Each Other?

Fiat money is different from digital money in several ways, which are mentioned below:

Centralization

The digital currency is fully decentralized. By decentralization, it is indicated that the fund’s transfer takes place solely between two parties. No intermediary connects them. In contrast, fiat money is controlled and governed by a central authority, such as banks.

Privacy or Anonymity

The digital currency helps retain the users’ privacy. The transactions that take place using digital currency do not require user verification and can be done anonymously. On the other hand, transactions using fiat money require complete details of the sender and receiver, including their national identities.

Transparency

The digital currency offers a completely transparent system where the transactional data is accessible to all the network participants. At the same time, the money exchange in fiat currency is kept extremely private. The central authorities are the only governing bodies having access to the entire system. Therefore, it is not transparent.

Regulations

The digital currency is not regulated and does not follow laws. As opposed to it, fiat money is held by governmental authorities to enhance safety. In most cases, it is regulated by the state’s official bank.

Issuance

The digital currency is issued on a virtual platform and exists in computer-generated form. It is also traded on software-based platforms.. On the other hand, fiat money is issued on the orders of government officials.

What Are the Similarities Between Them?

Despite a number of differences, physical and virtual money have several similarities as well, which are listed as follows:

Increase in Value

Both currencies’ value depends upon the supply and demand rule. The more it is n demand, the more its value will skyrocket. The less it is in need, the lesser its value will be.

Medium of exchange

Both forms of currencies can be used as a medium of exchange for anything. The digital marketplaces have offered to sell goods against cryptocurrency as well.

Store of value

Both kinds of money can be used as a store of value. For instance, investors invest in US Dollars in fiat currency and Bitcoin in digital currency to gain potential returns. These two are among the top-rated currencies in the traditional and digital markets, respectively. Hence, both can be used as a store of value.

The Bottom Line

To close it in a nutshell, the transforming world has shifted the trend of people from the traditional market to the digital market. Cryptocurrency has provided several benefits, including anonymity, transparency, etc. Still, it has not gained enough popularity to replace fiat money because of specific properties, including lack of rules and regulations, high volatile rates, etc. Therefore, the future does not hold solid evidence for digital currencies overtaking fiat currencies.

War has always been an expensive undertaking, no matter which era or decade it has appeared in. Political and military tactics tend to drain a country’s coffers pretty quickly unless they have outside help. This has been true for Ukraine too. The nation is warring with Russia in one of the biggest global conflicts to date. However, this is a war that is being fought in 2022 and therefore, has been a little different from conflicts before it. So, let’s explore more around it with a focus on how the crypto market is influencing and getting influenced by it.

Ukraine War & Crypto

When people think of war, they mostly think about destruction and ruin. If they turn their minds to the economic aspect of it, they may perceive physical aid being sent to the country in question, like food, clothes, cash, and more. The Ukrainian War, however, is being called the world’s first-ever crypto war.

This is because generous benefactors from all over the world have been donating to war relief efforts through cryptocurrency. The innovation happened in March 2022, when Mykhailo Fedorov, Ukraine’s Vice Prime Minister shared details for two crypto wallets on Twitter. He urged people to donate using Bitcoin, Tether, and Ethereum to aid Ukrainian citizens.

People jumped on the chance, sending out millions of dollars worth of cryptocurrency to Ukraine. This worked out well at the time, considering the price of BTC (Bitcoin) had dipped in the early days of the war. It was cheaper to buy and send crypto and, subsequently, help Ukraine.

Since then, the Ukrainian government has also launched a website to centralize the flow of crypto coming into the country. We can say with certainty then that crypto has helped the Ukrainian war effort. But the question remains: is the war benefitting or harming crypto?

The Benefits of Donating in Crypto

Before we jump into how the war has affected crypto, let’s take a quick look at the benefits of using crypto to help relief efforts:

• The onslaught of war and the subsequent rise in crypto-based donations means that more and more people are now aware of how to access and buy cryptocurrency. This takes it out of the umbrella of being a niche area to eventually a better known and used investment method that can be backed by lawmakers and other key leaders.
• Crypto donations can’t be influenced or regulated by economic or political factors. Even if Ukrainians lose access to their traditional bank accounts, they can receive crypto donations by opening a digital wallet on their devices.
• Donating through crypto also means that younger people get to be involved where they couldn’t have been before. It’s much simpler to understand and send cryptocurrency across as compared to physical donations.
• Even though Ukraine is a warzone, it’s not impossible to use crypto-based aid. Almost all citizen can use the Internet and their personal device to set up a crypto wallet and receive donations straightaway. In fact, this has been one of the key ways in which Ukrainian NGOs have managed to stay afloat despite the ongoing crisis.

Has the Ukrainian War Benefitted Crypto?

Ukrainian government officials have realized and embraced the value of cryptocurrency. The President, Volodymyr Zelenskyy has already approved a law that will build a credible framework for crypto platforms in the country. This means that once the war is over, Ukrainians will be able to legally trade using crypto. What’s more, this law will also bring crypto into the mainstream, meaning it can be regulated using specific policies. This will be useful because more often than not, crypto has flown into Ukraine for criminal or shadow activities.

The flow of crypto into the country has also signaled benefits for those who own BTC. When the war broke out, BTC fell. Smart investors decided to invest immediately, anticipating that the tides would turn. And now they have. Ukraine-bound donations during the war have sparked an interest in BTC across the border, raising its value manifold.

Essentially, Russians are also facing global and internal sanctions on their money and depreciation in their currency. Given these tough circumstances, they have decided to use crypto to move money in and out of the country. Since crypto is unregulated, Russian citizens can buy and sell using their devices and still experience economic freedom. The Russian demand to buy BTC has sent it rising by at least 14% over the past one month period.

Overall, Bitcoin did crash initially as the war escalated, but it has managed to gain a steady footing over the past month. Following BTC’s lead, other coins like Solana, Ripple, and Ethereum have also shown an upward trend.

The War’s Impact on The Crypto Market

There is no doubt that the war has benefitted the flow of crypto. The millions worth of donations that have been sent to Ukraine have not only made the government more susceptible to regulating crypto but there has also been a shift in sentiment towards the concept of blockchain. Crypto stands to become more globally accepted and might make it to the mainstream sooner rather than later. While some traditionalists might have viewed it as a joke before, there is no denying that cryptocurrency must be taken seriously now, especially given its ability to influence or change political movements. BTC has benefitted the most as have investors who own it.

In a nutshell, the crypto market is on its way to becoming a dependable economic channel for citizens and governments alike.

People usually buy cryptocurrencies for investment, but it is not a requirement that you have to trade Bitcoin. Bitcoin can also come in handy for travel or everyday life. Many eshops and land-based merchants accept this virtual currency as payment.

Bitcoin (BTC) is the most widely used digital cryptocurrency. It was created in 2008 and is not controlled by any world government. Bitcoin is freely exchangeable and each transaction is recorded in a public ledger called a blockchain (which guarantees anonymity). The payment itself is then made almost instantly.

Visit bitcoin360ai online to learn more about crypto. 

Bitcoin has a limited supply of 21 million coins – there will never be more coins in circulation. The last bitcoin is expected to be mined around 2140.

A unit of bitcoin is referred to as a coin (1 BTC) and has 8 decimal places. The smallest unit is unofficially called a satoshi. This is one hundred millionth of one bitcoin (0.00000001 BTC).

How to Pay with Bitcoin

Bitcoins can already be paid for on many e-shops, for example in the USA. And not only e-shops. One of the most famous companies that are accepting bitcoin are Microsoft, Overstock, Twitch, PayPal, Rakuten, CheapAir and Tesla. You can add Bitcoin to the Starbucks app as a payment. You can also play games in bitcoin on many igaming platforms.

In addition, dozens of stores are adding more every day. An e-shop can have payment set up as one of the payment methods. Then you just need to copy their BTC receiving address for your goods and confirm to send the amount. Services like BITPAY will then convert the bitcoin payment they receive in the terminal at the current exchange rate into the local currency.

Small shops, for whom this method can be complicated, also solve this by, for example, emailing you their BTC address, you send bitcoins to it, and the address essentially serves as a variable symbol. The merchant and the customer can track the movement of BTC publicly on the Blockchain, for example.

The easiest way to find out where to pay with Bitcoin is to use the so-called bitcoin map. This online or mobile app shows shops and restaurants that accept bitcoin. Some of the most well-known one is map.bitcoin.com.

Bitcoin as an Official Currency

The very first country, which accepted Bitcoin as an official currency, was El Salvador. Before the actual introduction of bitcoin as an official currency in El Salvador, the government purchased 400 units of cryptocurrency worth US$20 million.

After bitcoin became El Salvador’s official currency, a decline in value soon followed; it depreciated by around 19% in 24 hours. The second-largest cryptocurrency, Ethereum, also suffered a decline.

However, the Salvadoran government took advantage of this recession by making another bitcoin purchase: this time it was 150 bitcoins for around $7 million.

Surveys of Salvadoran citizens have shown that there are many opponents of this controversial decision. Around 1,000 people even gathered in the capital to express their opposition in the form of a protest.

El Salvador is not the only country in the world that will have Bitcoin as an official currency. Another one could be the Kingdom of Tonga. It wants to push for a decentralized currency for its people, following the example of El Salvador. Lord Fusitu’a, a former member of parliament, has come forward with the information. According to him, it would “copy” a procedure that has proved effective in the case of the aforementioned El Salvador.

Hailing the power of Decentralization is the idea that anyone can reach their milestones. And the most significant evidence of this is “MetaKovan,” a pseudonym used everywhere. So, then who is “Metakovan”?

He’s a person from South India with a real identity, named “Vignesh Sundaresan.” Let’s know about his journey from nothing to a Billionaire. Instead, don’t mislead yourself, as he is not from a wealthy society background. He could not even afford to buy a laptop for himself but just a flash drive to learn to code 1k daily profit, as he is a software engineer by academic profession. Dominating the crisis, somehow, he managed to learn to code and created around 54 websites, out of which 51 of those flopped. He had the potential to learn & start a journey with nothing and make a $5000 investment into a Billion dollar, with a perspective of helping their surrounding people to grow.

Besides, Vignesh is a Y-Combinator alumnus and a co-founder of BitAcces, a Bitcoin ATM startup. He also founded the Lendroid Foundation, a credit card platform powered by the blockchain. Further, he founded a software techno enterprise named Portkey Technologies Pte Ltd. Moreover, he also financed some incomparable crypto projects, like Polkadot, Ethereum, Flow, and Decentral lands.

The legit user-friendly app that has blockchain software introduced in it that helps in keeping all our transactions safe and secure.

After studying at Carleton University, he fell in love with blockchain in 2013. Getting exposed to a globally leading idea of decentralized money, he accumulated that this will be a big boom in coming years. It’s almost turning a decade, and he had made it a long way journey from a broke software engineer to a “Billionaire” crypto holder. Vignesh spent most of his time on Bitcoin and blockchain and invested every little saving into learning and building a Bitcoin company. He acquired Bitcoin, Ethereum, Crypto, & Blockchain.

He founded the e-coin startup and later sold it to Casa Crypto in 2014. He also built Canada’s first Bitcoin Teller Machine (BTM) prototype, initiated in Ottawa. And ought to be an everyday conversation with Bitaccess. The startup became known as BitAccess, which was a Y-Combinator-funded enterprise. The Lendroid Foundation is a long-time dream that he finally realized.

Possessions

Vignesh believes so much in crypto; all that he owns is in crypto because he feels that everything is virtual in this world now, like decentralized money, Land, Art, and so on. He’s a billionaire with no cars, no properties or lands, or stocks. But he owns a lot in the virtual world, which made him achieve this position. As he’s a firm believer in crypto, he bought a Genesis edition crypto jacket worth $660, connected to a blockchain, and an address printed of his NFT having an NFID chip in it. Nevertheless, he made the most expensive purchase of virtual digital art by an American artist, “Beeple” in his “Everyday: the First 5000 Days” auction, which is worth $69.3M ~ $70M. It is the most extravagant virtual art sold in history via NFT on 11 March 2021. And is the third most costly art sold by the living artists in the world. Mr. Sundaresan also mentioned that “This is the most valued piece of art in this generation to be noticed as a Crown Jewel.”

MetaKovan, in his interview, also announced that they are planning to build a monument in a Metaverse, a virtual space, and is a part of one of his fundings in MetaPurse. He also owns land in Metaverse and plans to build a monument there for the public and introduce these 440 million pixels of digital art in its proper form as a digital native picture to enjoy its beauty.

The reason for buying extravagant art is its uniqueness. It is owned just by him as original, whereas others can download it for free to watch. Also, it was an act of kindness and a helping hand to all the artists, singers, and other persons out there.

Binance and Coinbase are two of the most popular cryptocurrency platforms today, each with a unique strategy.

Coinbase is a cryptocurrency exchange based in the United States, featuring a user-friendly interface and a restricted number of transaction options. Binance, on the other hand, is a bit more complex and widespread among professional users for international trading with a range of different currency trading options.

On a lighter note, Binance is user-friendly and offers a variety of levels for its users; however, Coinbase is a little easier to use when compared to Binance. Binance, based in the United States, is less user-friendly and has higher transaction fees and fewer alternatives. When comparing the low price of Binance to the high price of Coinbase, however, there is no competition.

This article provides a general overview of Binance and Coinbase. We’ll compare a few features to discover better for specific user types.

Features- Binance vs Coinbase

Both platforms are distinct from one another in that they cater to different categories of people. Given this, each has its own set of characteristics. They both have in common that they both offer a mobile application with watch lists and price tracking features.

Returning to additional features, Binance provides the following to its users:

• Challenges and giveaways are a method to earn extra cryptocurrency.
• With around 100 indicators and overlays, this is an advanced level of charting.
• API keys are used to gain access to other software applications.
• Thirteen different types of transactions.
• Use of third-party wallets such as Trust wallet.
• Available in over 180 countries, however it can only be used in 48 states in the United States.
• Users in the United States cannot pay with credit cards or engage in margin trading.

On the other hand, Coinbase offers its users:

• Payment through credit card and access for making margin trades (US users).
• A secure digital wallet that can be linked with other exchanges as well.
• Access over withdrawing money in a PayPal account.
• Available in almost 100 countries and 49 states in the US.
• A newsletter feature updates users with the latest news related to the cryptocurrency topic.
• The limited charting features.
• A way to earn cryptos is just by watching short videos available on the platform.

Currencies- Binance vs Coinbase

If you are a user from outside the United States, you will have access to over 500 altcoins on Binance. If you are a user from the United States, you will use 60 different altcoins.

Coinbase, on the other hand, provides consumers with 107 currency trading options in its standard edition and 57 currency trading options in the pro version. Furthermore, the Coinbase platform supports fiat currencies such as the dollar, euro, and pound.

Similarly, Binance supports 18 fiat currencies, including the US dollar, Euro, Australian dollar, Hong Kong dollar, Indian rupee, etc.

The following are a few cryptocurrencies that both platforms support:

• Bitcoin
• Ethereum
• Litecoin
• Cardano
• Dash

Security- Binance vs Coinbase

Both systems are deemed secure; however, Coinbase has a little advantage in this regard.

Both Coinbase and Binance offer two-factor verification on their platforms, which may be done with a third-party authenticator or by SMS.

Coinbase requires users to provide identification in a government ID or an original image. Binance, on the other hand, verifies US users through investment demand. Binance’s security features also include address whitelisting and device management.

However, on the Coinbase platform, security features include biometric authentication for accessing the digital wallet.

Fees- Binance vs Coinbase

Binance has the lowest fees when comparing the two platforms, whereas Coinbase has the highest. If you are from the United States, you will have to pay slightly more than other customers, but the costs will still be lower than what you would pay on Coinbase.

Coinbase charges 0.5 percent for each transaction, which adds convenience according to the payment method, resulting in fees that can reach 4%. Binance, on the other side, has slightly lower fees and operates on a maker-taker model. As a result, both the maker and the taker pay the same fee.

End Note

Both platforms have distinct advantages and disadvantages. However, usability is determined by what you are searching for as a user.

Crypto enthusiasts also desire platforms where they can view currency listings and track the pricing value. not only gives its customers the ability to trade, but it also gives them the functionality that exchanges like Binance and Coinbase offer.

Ethereum and Bitcoin have shared the same market capacity for the previous two months. The current pandemic scenario, inflation, and potential fluctuations, on the other hand, have been a source of concern for investors.

With all of these significant issues, investors have been concerned and unsure whether to put all of their money into Trading App or Ethereum. Both Ethereum and bitcoin have their own value and individuality regarding the potential rewards.

However, is Ethereum on the verge of overtaking bitcoin as the most popular cryptocurrency? Read this article.

Significant Rise in Ethereum

The last time we checked, the value of Ethereum was $371 billion dollars, whereas the value of bitcoin was $789 billion dollars. This means that Ethereum is over 113 percent behind bitcoin in terms of price value. In order to overtake Bitcoin, Ethereum will have to increase its pricing value significantly in the following months, assuming that bitcoin’s value remains unchanged. Only in this fashion will Ethereum be able to overtake bitcoin.

This development may appear nearly unachievable, yet in 2022, Ethereum made significant progress toward making it possible.

In comparison to bitcoin, Ethereum features a programmable blockchain, which allows it to attract the attention of the developer community. These developers are responsible for the creation of non-fungible tokens, decentralized apps, and decentralized finance. The token marketplace is also expanding, as the number of dApps (decentralized apps) on the Ethereum platform has now surpassed 3000.

More utilization comes with convenience, which dApps provide. As the number of dApps users grows, the number of Ethereum users and the demand for Ethereum tokens increases. The developers are receiving more attention, which means that introducing applications is more likely.

Ethereum 2.0, released in 2022, will have more advanced and extensive features. This proof-of-stake consensus process will give the market better scalability, security, and environmental benefits. The improvement will completely transform the transaction process, increasing it from 30 seconds to 100,000 transactions per second.

The existing Ethereum mining method is similar to that of bitcoin, which uses blockchain technology to create a decentralized network where miners solve mathematical problems and pay with crypto for each problem solved. The solved block is added to the blockchain. This procedure consumes a lot of electricity and computational power, and it also lowers scalability and raises transaction fees. If only Ethereum 2.0 had been released by now, it would have already surpassed bitcoin as the most valuable cryptocurrency.

Will Ethereum Overtake Bitcoin in 2022?

The position is a little complicated and risky for Ethereum since the crypto must not only double its pricing worth in 2022, but it must also hope that bitcoin’s price value remains consistent during the year.

Bitcoin is highly volatile, but it has delivered more positive returns to its holders for the previous 5 years or more, with a claimed return of over 4700 percent. Given the increase in demand over the last few years and the increasing number of people interested in purchasing it, it’s practically difficult to believe it will remain steady at its current price. That’s why, despite the fact, it doesn’t appear that Ethereum will be able to overtake bitcoin.

In addition, the advent of Cardano and Solana in the smart-contract blockchain category has increased Ethereum’s competitiveness. Both of the freshly released cryptocurrencies are attempting to learn about Ethereum’s flaws and address them in their respective cryptos. One of the primary flaws that Cardona and Solana are examining is transaction speed and fees. Furthermore, both cryptocurrencies have seen more significant gains in the last 12 months than Ethereum.

It’s unlikely that Ethereum will replace bitcoin this year, but that doesn’t mean it’s not profitable or worth investing in.

Is it Time to Invest in Ethereum?

Visit the official website to discover more about cryptocurrencies and the best moment to buy in Ethereum. According to data and expert predictions, there are also numerous valuable growing cryptocurrencies on the market. However, Ethereum cannot surpass bitcoin’s original value and outperform it.

Ethereum is undoubtedly a valuable cryptocurrency; however, if you are purchasing it with the expectation that it will overtake bitcoin in 2022, this is quite doubtful.

It’s 2022 and digital apes have taken over the internet. Who knew that 2D monkeys smoking cigars would carry the kind of thumb-stopping power that content creators and brands dream of? Or that pixelated punks in cool kid’s hats would break Twitter because their creator turned down a multi-million-dollar sale offer?

Unique art pieces and their equally unique creators are getting their moment and we couldn’t be more excited. You’ve probably guessed what we’re talking about: Non-Fungible Tokens, otherwise known as NFTs. These blockchain-based tokens are attached to tangible or intangible works and are non-fungible, meaning unique. They cannot be copied, replaced, or reproduced and are therefore used to price digital assets.

NFTs do sound interesting, but most of us have no clue how to use NFTs to start earning a passive income. Don’t let the thoughts deter you. NFTs sound a lot more complicated than they really are, and once you sink your hooks into the ecosystem, you can set up a passive cash flow pretty quickly. Before we get into the various methods of how to earn your passive income, let’s take a deeper look at NFTs and the current state of the market.

NFTs – A Brief Overview

We’ve already defined NFTs as unique tokens that are used to buy and sell digital assets, but what exactly are these assets? Essentially, anything can be made into an NFT. We’re talking digital art, 2D and 3D animations, sports highlights, Tweets, Instagram Reels, and a lot more. One of the rarest and best-selling NFTs last year was Pantone colors. Imagine paying over $100,000 to purchase a solid color block. And yet, people do.

Can NFTs Be Copied?

One of the major questions people have when talking about NFTs is about duplication. If you think about it, a digital art piece that’s online can easily be copied and downloaded for free. For example, when Nyan Cat was sold as an NFT for about $590,000, a lot of eyebrows were raised because the asset had already been saved and passed around for years. How did a viral video go from being available everywhere for free to become one of the highest valued NFTs in history?

The answer isn’t simple but it is intuitive. Consider this: if you went to the Louvre and took a picture of the Mona Lisa, would the picture be as valuable as the real thing? You already know the answer to that question. Owning the Mona Lisa and owning a picture of it are vastly different because, in the former, you’d be recognized as the legal owner versus the latter, where you’d be known for having a cheap imitation.

It’s pretty similar with NFTs. Owning a copy of Nyan Cat isn’t the same as owning the real thing simply because the owner has the NFT. And since the token is encrypted into the blockchain for the NFT, there can only be one owner. NFTs don’t currently have concrete laws that back them up, but this is also in the works.

How Can You Earn Passive Income with NFTs?

Here are a few passive income ideas through NFTs:

Royalty Fees

This is one of the best ways to keep earning through NFTs. Since NFTs are unique codes, they allow creators to set their own terms depending on their earning requirements. This means that once a creator sells his NFT, he can continue to receive royalties from it. For example, if a creator sets his royalty percentage to 15, he will receive 15% of the sale price whenever the NFT is sold onwards.

The best part about this process is that it’s regulated by machines. This means creators don’t need to worry about getting their royalty payments because the whole system is governed by smart contracts. So, all you have to do is get to work on creating and minting your first NFT!

Staking

Think of NFTs as ownable entities and the people who own them as stakeholders. Staking is the process that allows you to lock or seal your NFT into a DeFi (Decentralized Finance) smart contract to ensure it keeps generating money.

Staking allows buyers to keep interests in their NFTs and generate a substantial yield every so often. Owning a staking token means you also get to reinvest in different protocols, much like in a corporation. You can earn staking tokens through different platforms, although some of them may require you to purchase NFTs from them first.

Put Your NFTs on Rent

Another great way to earn passive income from your NFTs is to rent them out. This is another process that’s regulated through smart contracts and is therefore safe to participate in. All you have to do is lease your NFT on terms that suit you. You have full freedom to set the duration and rate of the agreement.

This is particularly lucrative for assets like digital trading cards or NFTs that allow you to attend high-profile and exclusive events. As a renter, you can get access to privileges you wouldn’t normally have without shelling out millions of dollars.

Are NFTs Worth It?

Collins Dictionary called ‘NFT’ the word of the year for 2021. All in all, it’s a good time to invest in or create NFTs for passive and active income. The market is open for early adopters because, despite their virality, NFTs hold endless untapped potential. They are currently minted using Ethereum and gas fees are relatively low. These may go up once more people start investing. In a nutshell, considering the popularity of NFTs, it seems a wise choice to mint or invest in NFTs as soon as possible so you can set up a reliable stream of passive income right away!

The global interest in cryptocurrencies, the whooping profits, and the expected rewarding future have made crypto a trending topic everywhere. Today, investors are investing millions of dollars into the crypto market and the investment scale is just getting bigger and bigger.

However, there are investors too that are concerned with the future of crypto considering the China crackdown, unpredictable prices, regulations, and similar other factors. As a new investor, if you are confused about whether to invest in the crypto market or penny stocks, then follow up this blog to have a detailed comparison of both.

The comparison will try to assess which asset class can provide a better return on investment, keeping in mind the risk-to-reward ratio involved in both. Bitiq app is the perfect platform for anyone looking to trade bitcoins in a safe and secure environment. With its user-friendly interface and variety of features, Bitiq app makes it easy for traders of all experience levels to get started.

A Starter’s Guide to the Crypto-Market

Investing in the crypto market comes with its fair share of technicalities that must be understood before making an investment. Often while researching any cryptocurrency, the fundamentals that you will be looking at won’t probably be easily comprehensible at the start. Words like “second-layer solution”, “side-chain”, “Proof-of-stake”, and similar others will be the selling point for most coins, confusing the average retail investor. However, it is important to develop a solid understanding of the underlying technology, as it is easy to lose money on a cryptocurrency that might have a good marketing team that promotes how they will “revolutionize finance”, but the underlying fundamentals are weak.

Taking Note of Market Capitalization

For a new retail investor coming into the cryptocurrency market, it is also important to stay in projects that have a relatively high market cap. This is because while a newcomer might gain a high reward by investing in a low market cap coin at the start, he/she can also lose all of the principal investment on a low market cap project. This is why it’s better to earn a decent amount of profit on your principal investment on a high market-cap cryptocurrency and then use those profits to diversify into low cap coins. This approach might take some time to reward you, but it is also a safer way to make money in the cryptocurrency market. Using platforms like the Eralmonum App and other trading sites can give you an advantage when venturing into the crypto market.

Pros and Cons of Investing in the Crypto Market

Below, we have listed the pros and cons of the cryptocurrency market and how your investment can be affected positively and negatively as a result.

Pros of the Crypto Market

• High Reward: The primary factor that draws investors towards the crypto market are the high rewards involved. To compare, Bitcoin has remained the best performing asset of the last decade when compared with other asset classes, such as stocks, gold, silver, etc. Investors have enjoyed gains ten times more than the NASDAQ 100 over the long term.
• Security: Another core philosophy upon which the crypto market was built is security. If your funds are invested in crypto, it is very next to impossible for the technology to get hacked or for any government to seize your funds due to the encryption involved with blockchain technology.
• Utility: Many major cryptocurrencies hold a promise of utility that can create major value for the world once it’s fully achieved. Compared that with penny stocks, the likelihood of long-term value creation is higher in crypto. Thus utility is another major factor why investors can achieve lucrative profits in the crypto market.

Cons of the Crypto Market

• Volatility: For some, the volatility might present an opportunity. But for most who wish to invest in the cryptocurrency market, volatility has always remained a major issue. This is because it is not uncommon to make an investment in crypto and lose 50% of its value within a month, thus causing the investment to get stuck until it reaches breakeven again.
• Altcoins follow BTC: Almost all altcoins gain or lose their value according to Bitcoin. This makes it an issue for investors putting money in altcoins, as Bitcoin has a major influence on them. Thus, all investments in crypto have to be made while considering how Bitcoin might perform in the future.
• No Government Oversight: While zero government intervention was a core philosophy upon which the cryptocurrency market was established, it does have major drawbacks as well. Major rug pulls, pump and dumps, and other forms of market manipulation are very common in crypto. Due to the lack of government oversight, the investor has no one to turn to in case of becoming the victim of any such events.

A Starter’s Guide to Penny Stocks

Commonly in the larger stock market, any stock that has a price less than $1 is typically referred to as a “penny stock”. While some even consider $3 or $4 stocks to be penny stocks. A good way to categorize any share as a penny stock is by classifying any company with a market cap of less than $250 million.

For a new investor looking towards penny stocks, it is important to know that this is a market of its own where investors with a very specific mindset come to trade. The market is typically known to be volatile, as many companies fail that are listed in the “pink sheets”. This is why any investor looking to invest here needs to perform thorough due diligence into the company’s financials.

Pros and Cons of Investing in Penny Stocks

More can be understood by considering the pros and cons attached to penny stocks as listed below.

Pros of Penny Stocks

• High Reward: The primary reason anyone invests in penny stocks is due to the high rewards involved. Typically, getting a 50-100% return on investment in a very short period of time is possible with penny stocks. It is very common for share prices to move to $2 from $1.
• Low Capital Required: As the share price is small, the investor requires less capital to pick up more stocks of the company. Since with less capital, investors can get a high return on investment, penny stocks have historically attracted a lot of retail investors.

Cons of Penny Stocks

• Risk of Default: Since the companies listed as penny stocks are usually very small, it is fairly common for many to default and shut down completely. In such a case, investors have to bear the significant financial loss.
• Low Volume/Lack of liquidity: Because most individual penny stocks do not have a lot of buyers and sellers, the investor can possibly get trapped with shares that no one else wants to purchase in the future.
• Market Manipulation/Frauds: Many market movers are aware of major retail activity happening in the penny stock market. This is why investors can become victims of fraud or market manipulation, as the share price can be more easily manipulated to low volume/small market cap.

Final Verdict: Crypto or Penny Stocks?

Both the crypto market and penny stocks promise a common outcome: high rewards for the right investments. However, both come with their own forms of risks/worst-case scenarios. According to our opinion, cryptos hold a fundamental advantage over penny stocks, i.e., cryptocurrencies are still building towards a final product that has not been widely adopted. In comparison, most businesses that are penny stocks are unlikely to rate highly in the value-creation department.

Investors who invest in the crypto market have a higher likelihood of getting high rewards if the project adds major value to the world. This is why large institutions are more likely to invest in cryptocurrencies in the future than penny stocks. Thus, given the risk profile for both options, the crypto market holds a more promising long-term future for investors, despite the volatile price action.