May 19th 2022| Mike Humphrey

What is Avalanche (AVAX)

Avalanche is a layer 0 blockchain with an open, programmable smart contracts platform for decentralized applications. Launched in September of 2020 by  New York based  AVA labs, it is currently the third largest blockchain by TVL with over 200+ DApps.  The flourishing community includes platforms like Curve, Trader Joe, Pangolin, Aave and even Defi Kingdom’s Crystalvale. Avalanche has been built a little differently than many of the other Ethereum alternative block chains.  It runs on the Ethereum Virtual Machine, but consists of the 3 chains that each perform different functions.  They are X-Chain, P-Chain and C-Chain.  X-Chain is used to exclusively create and exchange tokens. P-Chain coordinates Avalanche validators and creates subnets (where developers can create their own proprietary blockchains secured by the Avalanche network). C-Chain executes and allows interaction with smart contracts and Defi protocols.

AVAX is the gas token for the Avalanche chain.  With it you can pay for transactions on the network. Below we will guide you on how to Buy AVAX and transfer it to a web wallet that will allow you to interact with the DeFi protocols on the Avalanche network.

Avalanche Wallets

Because Avalanche works on EVM, any Ethereum compatible wallet will work with Avalanche. Metamask due to its popularity and ease of use is a good choice (How to Add Avalanche to Metamask).  Below is a list of some of the wallets that will work on Avalanche.  For more information read our article about cryptocurrency wallets.  We also recommend purchasing a hardware wallet to secure your funds. Ledger and Trezor both offer Metamask compatible hardware wallets. Read our article about how to keep your crypto safe to find out what you can do to prevent your crypto from being stolen.

• Metamask
• Trust Wallet

Where to Buy AVAX Crypto

1. Buy AVAX Token on an Exchange

   In order to buy AVAX with FIAT you will need to purchase the token from an exchange. Once bought, you can then transfer the token from your exchange wallet to your personal wallet. There are many exchange options available including Coinbase, Kucoin, Kraken, Bitfinex and more. If you have a Crypto.com account, you can purchase AVAX directly with a credit card, bank transfer or crypto and send it to your web wallet with zero transaction cost. Below is a step by step  guide on how to purchase and transfer AVAX using the crypto.com app.  If you sign up with our link you will receive a 25USD$ credit in your account as do we.  You can read our article about how to buy crypto currency if you want to know more about the other options available. 
   **NOTE:You must set up your crypto wallet on Avalanche C-Chain before you can receive your tokens in your wallet.**

   Crypto.com How To

   1. Buy AVAX

      To purchase AVAX sign into the Crypto.com app, choose Accounts from the bottom bar and select buy. On the next screen search for and select AVAX.  Once selected you can then choose your payment method and the amount you want to purchase. Click purchase.
      

   2. Transfer AVAX to Web Wallet

      Once the transaction is complete, you will have AVAX in your crypto.com wallet. In order to use the AVAX with DeFi protocols, you will need to move the AVAX to your personal wallet. To do this again selects Accounts at the bottom of the screen and then select Transfer.  Choose to Withdraw and then select External Wallet.
      

      Click the + icon in the top right to add your web wallet to the Whitelist and then choose Wallet Address.  You will be asked to choose which cryptocurrency you want to withdraw, select AVAX.

      
      In the new pop-up window, choose AVAXC as the network (this will transfer your assets to C-Chain), and enter your wallet address.

      **Note: if you do not choose AVAXC your tokens will be transferrred to the wrong chain!**

      We recommend adding your wallet using the QR code scanner to prevent errors.  You can also add a wallet name so you can distinguish the wallet later on.  Click continue and follow the required steps.  If you have 2FA activated, you will need to enter your security code to complete the transfer.
      Crypto.com will confirm the transfer and your funds will appear in your wallet (this may take some time). You may need to add the AVAX token address to your wallet before your balance is visible in your wallet.  Follow the add token section in our Add Avalanche to Metamask article

2. Avalanche Bridge – Transfer to Avalanche

   If you already own crypto and want to transfer it to Avalanche you can bridge the assets over.  Your tokens will be wrapped into the Avalanche chain equivalent at the same value.  There are several options available to move your funds from one chain to another. You will require AVAX in your wallet before you can perform transactions on Avalanche. You can either purchase it from an exchange, or swap your tokens on another chain for wrapped AVAX and bridge the wrapped AVAX to Avalanche.  The AVAX will be unwrapped once the transfer is complete and can then be used for gas fees.

   • • Avalanche Bridge (From EthereumMainnet)

       The Avalanche Bridge can transfer ERC20 tokens from Etherum Mainnet.  The other benefit of using the bridge is that if you move 75USD or more to Avalanche you will receive an AVAX airdrop that will cover the cost of your first couple of transactions.  This means you can transfer any asset and then swap it for enough AVAX once you are on C-Chain. If you are transferring from a chain other than mainnet (Polygon, Fantom, Arbitrum, Harmony etc) use one of the other options below to avoid the high cost fees on Ethereum.

     • Synapse (Multi-Chain)

       Synapse is a cross chain swap protocol that allows you to transfer directly from one chain to another. Synapse also has cross chain pools as well as their own nUSD & nEth wrapped tokens.  Use synapse if you have cryptocurrency sitting on another chain and you want to transfer it directly to Avalanche.

     • Anyswap (Multi-Chain)

       Like synapse, Anyswap is a cross chain bridge that allows you to swap directly from one chain to another.

Avalanche DEX’s  – Swap for AVAX Tokens

Once you have funds on Avalanche C-Chain, you will need AVAX tokens in your wallet in order to pay gas fees.  You will need to use a swap protocol to trade your bridged tokens for AVAX.  The following are some major swap protocols on Avalanche.  All three platforms offer liquidity pools, farming and staking opportunities as well.  Be sure to check out some of the great yield farming opportunities.

• • Pangolin
    
  • TraderJoe
    
  • Curve Finance

Welcome to Avalance

What do you think of Avalanche? Whats your favorite protocol? Let us know in the comments below!

Mike Humphrey

Hi I’m Mike, an active crypto investor DeFi enthusiast and crypto miner. I have been involved in crypto since March of 2021 and in DeFi since May 2021.

I’m also an avid outdoor adventurer!

MykHumphrey.com

mykhumphrey.com

November 29th 2021| Mike Humphrey

What is Harmony (ONE)

Harmony (ONE) is an Ethereum layer 2 solution that is fully EVM compatible.  Started on the Binance Launchpad, it went live in May of 2019 as a decentralized blockchain platform.  It’s goal is to bridge scalability and decentralization for fungible and non-fungible tokens.  It combines low gas fees (paid in ONE token) and fast transaction speeds.  Harmony (ONE) is home to the crypto gaming platform DeFi Kingdom.

Harmony Wallets

Any Ethereum compatible wallet will work on the Harmony (ONE) network. We recommend Metamask due to its popularity and ease of use.  Below is a list of wallets that will work on Harmony.  For more info and other wallet options read our article about cryptocurrency wallets.

• Metamask
  • How To Add Harmony to Metamask
• Harmony ONE Wallet
• Trust Wallet

How to Transfer Funds to Harmony

In order to start using Harmony you will need to transfer funds to the Harmony network.  You can do this in one of two ways – purchasing on an exchange or transferring from another network through a bridge.  If you already have funds on Mainnet or on another layer 2 solution proceed to Option 2.

1. Buy ONE Token on an Exchange

   In order to send funds from an exchange to Harmony you will first have to purchase the ONE token.  If you have a Crypto.com account, you can do this directly without fees.  See the guide below for purchasing and transferring ONE from Crypto.com to Harmony.  Prior to doing this, you must set up your wallet on the Harmony Network (Harmony to Metamaks Guide).

   

   Crypto.com

   1. Purchase One

      To purchase ONE sign into your Crypto.com app, and select buy.  Search for the ONE token.  Once selected, choose your payment method, the amount you want to purchase and click purchase.
      

   2. Transfer One to Harmony Wallet

      Once the transaction has been approved and gone through on Crypto.com, you can then transfer directly to your wallet.  To do this, open the app, and choose transfer.  Select withdraw, and choose an external wallet as the destination.
      

      Add your wallet to the white list by clicking the + symbol in the top right and choosing wallet address.  Select the ONE token.

      
      In the new pop-up, choose ERC20 as the network, and enter your wallet address. You can use the QR code and camera on your phone to prevent entry errors.  Add a wallet name so you can distinguish the wallet after.  Click continue and follow the required steps.  If you have 2FA activated, you will need to enter in your security code to complete the transfer.
      Crypto.com will confirm the transfer and your funds will appear in your Harmony wallet.  If you are using Metamask, you may need to add the ONE coin before you will be able to see it in your wallet. (Harmony to Metamask)

2. Bridge Funds to Harmony

   If you already have funds, or ERC20 tokens on a different chain that you would like to transfer to Harmony, you can bridge these assets over.  Be sure to check the list of Harmony’s ERC20 (HRC20) tokens before transferring.  Depending on the location of your assets, there are different bridging protocols available.

   • • Harmony Bridge (Mainnet & Binance)

       The Harmony Bridge can transfer ERC20 tokens from either the Binance Smart Chain or Etherum Mainnet.  Be aware if you are transferring from Ethereum Mainnet, the fees may be quite high.  If you are transferring from a layer 2 (Polygon, Fantom, Arbitrum, Avalanche, etc) use one of the other options below that allow you to transfer directly without having to go through the Mainnet.

     • Synapse (Multi-Chain)

       Synapse is a cross chain swap protocol that allows you to transfer directly from one layer 2 solution to another.  Synapse also offers several cross chain pools as well as their own nUSD & nEth wrapped tokens.  Use synapse if you have funds currently sitting on an L2 chain that you wish to transfer to Harmony.

     • Anyswap (Multi-Chain)

       Like synapse, Anyswap is a cross chain swapping protocol that allows you to bridge assets from one layer 2 solution to another, without the fees of going through the Ethereum Mainnet.

     • Terra Bridge (Terra)

       For users of the Terra ecosystem, the Terra bridge allows you to send assets from Layer 1 to Terra, as well as from Terra to Harmony or Binance.  If you have assets on the Terra ecosystem that you want to transfer to Harmony, the Terra bridge with its low fees is the best option.

Where to Buy One Token

Once you have funds on the Harmony chain, you will need to have One token in your wallet in order to pay gas fees.  When you first bridge funds to Harmony you should receive an airdrop of ONE that can be used for your first transactions.  In order to get more you will need to use a swap protocol.  The following are two swap protocols active on Harmony.

• • Sushiswap
  • ViperSwap

Have you transferred funds to Harmony? Whats your favorite layer 2 solution? Let us know in the comments

Mike Humphrey

Hi I’m Mike, an active crypto investor DeFi enthusiast and crypto miner. I have been involved in crypto since March of 2021 and in DeFi since May 2021.

I’m also an avid outdoor adventurer!

MykHumphrey.com

mykhumphrey.com

November 22nd, 2021| Mike Humphrey

How to Invest in Cryptocurrency

Crypto investing can be as simple as buying a coin and watching it grow, or it can involve multi-tiered investment techniques that include leveraging your crypto to increase your rewards.  Below are some ways to get your cryptocurrency working for you.  Lets take the red pill and see how deep the rabbit hole goes.

Buy and Hold Crypto

Buying and holding is one of the most basic techniques for making money on your crypto.  It is a pretty passive strategy and involves selecting a coin or token that you believe will succeed in the long run.  Holding cryptocurrency for the appreciation can have huge returns.  For example Bitcoin’s 10 year compounded annual return is 200%, that outperforms the average annual return of the stock market (10%) by 20x.  If you are more comfortable with risk, you can consider  altcoins (coins other then Bitcoin).  SHIB for example has grown 7.7 million % since it’s inception.  If you are good a picking winners, buy and hold can be a great hands off strategy.  With big returns though, comes big risk.  Altcoins are similar to penny stocks, winners can win big, but there are lots that don’t win, especially in cryptocurrency where the barrier to entry for new coins is quite low.

Buy and Hold Strategies

Dollar Cost Averaging (DCA)

Dollar cost averaging is a technique where you purchase an asset at consistent intervals.  Many cryptocurrency platforms will set up automatic purchasing for you, making this a very easy hands off strategy to follow.  Dollar cost averaging levels out your purchase price.  Over the long-run this allows you to take advantage of gains without being impacted by price fluctuations.  This is especially important with volatile assets like cryptocurrency where prices can fluctuate by +/- 20% a day(or more…).

Buying Winners

Buying the winners involves identifying the top assets that have increased the most within a given time frame.  The idea, is that these assets have momentum, that you expect to continue.  By purchasing the winners you are looking to continue to ride the wave.  This strategy can be combined with dollar cost averaging.

Buying Losers

To purchase losers, you identify the lowest performing assets in a given time frame.  The idea behind this strategy is to purchase an asset at a low price, with a large potential upside.  You may be lucky enough to find a diamond in the rough.

There are many more possible strategies.  We recommend if you are going to buy and hold, that you use dollar cost averaging with all of these.

Trading Crypto

One step up in complexity from the buy and hold strategy is trading crypto.  With this strategy your goal is to buy low and sell high, or sell high and buy low.  Investors experienced with day trading in the stock market will be familiar with this investment technique.  To better take advantage of the market, you can consider looking at short selling and options trading.  Being a very volatile market, trading can offer opportunities for investors who use strategies that depend on price fluctuations.  There are significant opportunities in cryptocurrency for experienced traders.

DeFi

All of the above strategies can be performed on exchanges.  These exchanges are usually a combination of Fiat/crypto where you use fiat to purchase and sell cryptocurrency.  The strategies below involve smart contracts, where you allocate your assets to a protocol, and in exchange earn a return.  Read our article about DeFi to learn more.

Staking (PoS)

In terms of complexity, staking is the first level in DeFi.  Proof of stake blockchains (Ethereum and Cardano) offer opportunities for investors to earn rewards for putting up their cryptocurrency to be used to verify the block chain.  This involves loaning your cryptocurrency to the blockchain for a set period of time.  Your assets are locked into the proof of stake protocol and used to verify transactions on the blockchain.

Staking Ethereum

• Lido

Staking Cardano

• Yoroi Wallet
• Deadalus Wallet

DeFi Returns

The world of DeFi is a very dynamic place, with new protocols being developed every day.  The main premise behind DeFi is lending and borrowing assets to provide liquidity to protocols.  In return investors earn a return on their liquidity.

Lending & Borrowing Platforms

lending & borrowing applications are central platforms for the DeFi space.  You deposit your assets into the protocol and earn an interest on your deposit.  You can then borrow against these assets, either in the same currency or in another currency offered by the platform.  You are required to pay interest on your borrowed asset which is secured by your deposit.  If the loaned asset reaches a threshold value versus your deposit, either due to interest accumulation or price fluctuation, then your position will be liquidated.

• Aave
• Compound
• Anchor

Liquidity Pool Swap Fees

Liquidity pools provide coins for swap protocols.  In order to exchange from one coin to another you must find someone to trade with.  Traditionally in centralized finance you would do this at a bank.  In DeFi, swap protocols have pools of coins that have been provided by third party users.  When you wish to exchange, the swap protocol takes your coins and gives you a different coin from the pool and charges a small fee for the service.  Investors who have added coins to the pool receive a portion of those fees as a reward.  Liquidity pools can be highly lucrative, but due to their nature are subject to impermanent loss.

• Curve
• Uniswap

Native Token Rewards

Protocols offer native tokens that provide additional return for users who have added liquidity.  The goal of the protocol is to increase liquidity to a point where the platform can become large enough that it is ubiquitous.  As rewards are distributed it decreases the value of the native token, meaning the rewards are deflationary and not sustainable in the long-run.  Often native tokens can be staked in the protocol to give the owner governance rights.  Native tokens are often used in yield farming strategies and then exchanged for stable coins or Eth/BTC.

• Curve
• Polygon (Liquidity Program)
• Avalanche (Liquidity Program)

Protocol Fees

Protocols create non-governance tokens that can be staked to receive a portion of the platform revenue.  The tokens can be purchased or received as rewards, and are then staked back in the protocol.  This provides the protocol with additional funds and in return the investor gets a share of the revenues.

• Sushi Swap

Arbitrage Opportunities

Liquidity pools depend on arbitrage.  Token prices in a pool are regulated by users exploiting price differences between the pool and actual market rates.  By their very design, they present investors with the opportunity to capitalize on price differences.  There are a few protocols that allow investors to automate and take advantage of arbitrage opportunities.

• Stabalize

Options Protocols

Options protocols function the same as options do in a centralized market.  Put or call options can be purchased based on the expected future value of an underlying asset usually Bitcoin or Ethereum.  Two protocols that offer option trading in DeFi are listed below.

• Ribbon Finance
• Hegic

Insurance Protocols

Insurance protocols offer users the ability to insure their funds against unforeseen circumstances.  They can be used to insure specific tokens, or even tokens in specific protocols.  Insurance providers require liquidity to cover insurance claims and users who provide liquidity earn a portion of the fees paid by insurers.

• Unslashed finance

Conclusion

Cryptocurrency is an exciting place, the speed of the changes happening, especially in DeFi is astounding.  Cryptocurrency is so much more than just an asset to hold or trade for a profit.  For those interested in taking the time to learn, and become comfortable, there are great returns to be had.  Be forewarned, DeFi is still the wild west. With new advancements comes risk.  Be sure to do your own research before investing in any project!

How are you investing in crypto? Let us know in the comments.

Mike Humphrey

Hi I’m Mike, an active crypto investor DeFi enthusiast and crypto miner. I have been involved in crypto since March of 2021 and in DeFi since May 2021.

I’m also an avid outdoor adventurer!

MykHumphrey.com

mykhumphrey.com

October 20th, 2021| Mike Humphrey

What is Cryptocurrency

First things first, let’s get a handle on what cryptocurrency is.  A cryptocurrency is a form of digital money or coin. Unlike traditional currencies that are issued by a central bank, like the U.S. Federal Reserve, cryptocurrencies are issued on a blockchain.  Every time a coin is sent from one person to another, a network of validators must review and approve the transfer.  Once approved this transaction or block is added to the previous block making a chain of approved transactions, also known as a blockchain.  Every validated transaction earns the validators newly minted coins which then go into circulation.  This means coins are minted or created by the validators of the blockchain instead of by a central bank, making the coin decentralized.  Validators can be crypto miners using proof of work, or coin holders using proof of stake.  This depends on how the blockchain is set up with different chains (coins) having different validation methods.

Each cryptocurrency has a different blockchain or “central bank.”  This means that many of the coins are not directly interchangeable; each chain is different and the blocks cannot be fit together.  To trade between coins on different chains you would need to buy and sell them on an exchange similar to how you buy and sell stocks.

Top 4 cryptocurrencies by market cap:

Enough with the explanations, let’s buy some crypto!

Step-By-Step Guide To Buying Cryptocurrency

1. Choose a Crypto Coin

   As mentioned above each coin exists on a blockchain, many of which are not directly interchangeable. This impacts which wallets you can use and how you go about purchasing each coin. The coin you choose will also impact your investment strategy for that coin. Some blockchains have more capabilities than others. Bitcoin for example can only perform simple transactions, whereas Etherium and the Binance Smart Chain can execute contracts (multi-tiered transactions that are coded directly into the blockchain). Contracts are the building block of decentralized finance (De-Fi) and allow you to loan and borrow coins in various protocols. Whichever coin you choose, the next step is to select a wallet to send those coins to.

2. Choose Your Crypto Wallet

   A cryptocurrency wallet is in some ways very similar to the wallet you might have in your back pocket. A crypto wallet however differs in that you don’t actually carry your money with you. A crypto wallet consists of an address (a set of numbers and letters that identify your individual wallet) and a private key (the code required to be able to access your wallet). When sending a transaction you need your wallet address, the other person’s wallet address, and your private key to allow that transaction to happen. Your coins never actually leave the blockchain, but rather coins are identified as being at your wallet address on the blockchain. People who lose crypto coins have actually lost their private key and can no longer access the coins that are sitting on the blockchain at their wallet address.  You can read our complete guide to crypto wallets to find out more.

   Software Crypto Wallets

   A software wallet is a program that stores your private key in its software. Software wallets are easy to use and let you check your balances and interact with De-Fi websites quickly and easily. These web3 enabled wallets are the backbone of De-Fi and are the key to quickly and easily using De-Fi Apps (DApps). The downside to software wallets is that your private key is stored either on your computer or inside your web browser, this creates the potential to have your private key stolen.

   Below is a list of some of the top software wallets currently available. I have provided links in the list below, but be sure to take the time to check the website you have gone to as well as the download location for the browser extension.

   Web Crypto Wallets:

   • Etherium Wallets
     • MetaMask
     • Coinbase Wallet
     • MyEtherWallet
   • Binance Wallets
     • MetaMask
     • Binance Chain Wallet
     • Trust Wallet
   • Cardano Wallets
     • Yoroi Wallet
     • Deadalus Wallet

   Hardware Crypto Wallets:

   A hardware crypto wallet stores your wallet’s private key on a hardware device that needs to be connected to the computer any time you make a transaction. It adds a level of security that limits how easily someone can access your cryptocurrency. There are two main crypto hardware wallets on the market Ledger and Trezor.  Both wallets offer a web interface to set up your wallets and also integrate with MetaMask.  Be aware you need to set up your wallet on Ledger or Trezor first and then add the wallet to MetaMask.  Every time you make a transaction with your wallet you will have to connect the hardware wallet and authorize the transaction from the device.  As with all wallets, security is critical.  Only purchase your hardware wallets directly from either Trezor or Ledger.

   A Further note on security:  Keeping your private keys safe is critical to ensuring your cryptocurrency does not get stolen! Keep your keys safe, never save them on your hard drive, write them down and keep them in a safe spot, and remember not your keys, not your crypto! Keeping your crypto on an exchange where you don’t control your key means it can be stolen – – Coinbase Hacked

3. Decide How You Want to Pay

   With the rise in popularity of cryptocurrency more and more payment options are becoming available to crypto investors. Whether you want to make a bank transfer, pay with your credit card or pay with Paypal, there are different platforms that support different options.

   • Bank Transfer: Purchasing cryptocurrency through a bank transfer can be an easy way to buy digital coins. It involves registering on a crypto purchasing site, setting up an account and a wallet, and then sending funds from your bank to the site. It’s a secure method of transfer, but you should be aware that it creates a paper trail. For many investors, this is not a problem, but if your primary concern is privacy and anonymity, a bank points back directly to you through your bank account.
   • Credit Card: Using a credit card to buy cryptocurrency offers a quick and easy way to purchase your first crypto coins. Again this method can point back to you directly through the credit card, but it does offer the added benefit of being able to void a transaction in the case that you want to cancel the purchase. You should also take into account that you are purchasing a potentially volatile asset using debt, and credit card debt often comes with a hefty interest rate. I would not recommend using a credit card unless you have a plan to pay off the card immediately. The purpose of purchasing cryptocurrency as an investment is gains and carrying a balance with a high interest rate will quickly cut into any of your returns.
   • PayPal: If you run an online store or receive payments through Paypal, this can be a great option to quickly and easily purchase cryptocurrency. Your funds are already accessible online which makes the purchase process a little easier. As with the above methods, your crypto purchases can be traced back to you through your Paypal account details.  In the U.S. you can purchase cryptocurrency directly through PayPal, and they have plans to open this up to other countries over time.

4. Choose Where You Want to Buy From

   There are three main places to buy cryptocurrency – exchanges, PayPal, and 3rd party services/institutions. Cryptocurrency exchanges function like the stock market allowing you to easily purchase and exchange coins. Often crypto exchanges will create your wallet for you which means they hold the private key to your wallet. This can present a risk as you don’t actually have control of the funds in your wallet. Third-party crypto purchasing services and pseudo exchanges are another method of purchasing crypto. These services will often have exchange-like features, or may simply offer the ability to deposit Fiat which you can then exchange for Crypto. Again, these services may create wallets for you, but we recommend creating your own and transferring your coins to a wallet that you fully control. Each of these options provides different levels of security and anonymity. The list below gives a summary of some of the options available.

   • Crypto Exchanges
     • Kraken
     • Coin Base
     • Binance
     • Crypto.com
     • Gemini
   • PayPal (U.S. Only) If you live in the United States (excluding Hawaii) you can now purchase cryptocurrency directly through PayPal and send it to your crypto wallet. PayPal will allow you to buy, sell and hold cryptocurrency without ever having to leave PayPal. All trades must be executed in U.S. Dollars (USD) and users must have a Personal PayPal Cash or PayPal Cash Plus account. PayPal plans to extend this service to other countries within 2021.
   • Other Options
     • Buy Cryptocurrency in Canada
       • Coin Smart offers Canadians a user-friendly coin exchange that allows you to transfer funds by Interac, SEPA, Wire Transfers, and E-transfers. Funds can be accessed the same day they are deposited, giving you immediate access to the market. Coinsmart offers Bitcoin, Etheriumn, Litecoin, XRP, Bitcoin Cash, XLM, EOS, Tether, USD Coin, and Cardano purchasing and trading.
       • Shakepay is a Canadian-based platform that allows you to purchase Bitcoin or Etherium. Simply transfer your funds to your Shakepay account using an interact transfer and then use these funds to purchase either Etherium or Bitcoin. The process is quick and easy and funds are immediately transferred into your Shakepay wallet that is created when you purchase. You can then send your new coins to your private wallet on an exchange.
       • Wealth Simple is another purchase/trading platform for Canadian investors. They offer over 25 coin options to choose from including many ERC20 De-Fi platform coins, as well as Bitcoin, Etherium, and Cardano. If you are looking to get more involved in De-Fi and want to purchase coins directly with Fiat (dollars) then Wealth Simple may be the platform for you. There are zero fees on deposits and withdrawals.
     • Buy Cryptocurrency in Japan
       • BitFlyer is a crypto exchange platform in Japan. If you live in Japan this is the best way to purchase and trade cryptocurrency.
     • Buy Cryptocurrency in The United States
       • CashApp primarily allows you to transfer money, though it does also allow you to purchase stocks and Bitcoin (similar to Robinhood). Its simple and easy-to-use interface makes it ideal for first-time crypto buyers.
       • Bisq is a little different than most of the other sites listed here.  It is a decentralized exchange that allows you to swap your funds with other users. It allows you to buy and sell Bitcoin for Fiat (or other cryptocurrencies) privately and securely using a peer-to-peer network and open-source desktop software. There is no registration required.

Conclusion

With your wallet in hand and newly purchased crypto, you are ready to take on the world of digital currency.  Be sure to take a look at some of our other articles to find out what you can do with your new coins.

Let us know if the article was helpful in the comments below

Mike Humphrey

Hi I’m Mike, an active crypto investor DeFi enthusiast and crypto miner. I have been involved in crypto since March of 2021 and in DeFi since May 2021.

I’m also an avid outdoor adventurer!

MykHumphrey.com

mykhumphrey.com