MagicEden is known as a top-tier NFT marketplace for Solana NFTs. But, recently, it has also [started to support](/news/article/magic-eden-expands) Ethereum and Polygon NFTs and now offers a wide range of popular digital art collections. 

The marketplace also provides minimal transaction fees, which makes it a preferred platform for NFT trading. 

Here, we’ll delve into how to use [MagicEden](https://magiceden.io/) to buy and sell NFTs. 

## Buying NFTs on the platform 

1. Here’s the step-by-step procedure for buying an NFT from this diverse marketplace. 
2. Find the NFT project you want to buy from through the collections section or the search bar.   
3. After analysing the floor price, trading volume, and other important metrics, select the collectable to buy.
4. Once you have selected a collectable, integrate a compatible wallet with the marketplace. You can find the Connect Wallet button on the top right of the screen.  
5. Find your preferred wallet from a wide range of options. 
6. Open the NFT you've picked to buy to see all its details and attributes, along with two options. You can either purchase it instantly by clicking on Buy Now or make a different price offer for the collectable. 
7. If you’re comfortable with the price, you can proceed with the Buy Now option, and it will ask you to approve the transaction.   
8. Check the amount that will be deducted and the digital asset that will be added to your wallet, and click on Approve.  

That’s how easily you can buy NFT on MagicEden. Check it by clicking on the wallet option on the top right side.   

## Selling NFTs on MagicEden 

Selling an NFT is a bit trickier than buying one. Here’s how to do it.

1. Connect your wallet containing the NFTs you want to sell on MagicEden.  
2. Once done, click on the Sell option right next to the wallet. 
3. It’ll lead to your profile, where you can find all your digital assets. Select the one you want to sell. 
4. The sell page will appear with all the details, including the previous price, mint and token address, owner, transaction, and royalty fees.  
5. After analysing all the factors, set an appropriate price for the NFT and proceed with List Now.  
6. Now approve the transaction, and your collectable will be listed for sale. You can review the received offers for it from your profile.  

Buying and selling NFTs on MagicEden is a breeze. All you need is a compatible wallet and some trading knowledge, and you'll be good to go. 


How to buy and sell NFTs on MagicEden marketplace 

Forget everything you've always imagined about blockchain technology and its practice being something akin to rocket science. Besides learning to create a blockchain system from scratch, you can understand its nuts and bolts. 

This article unravels the mystery so you can fall in love with the art of encoding blockchain software.    

## Creating a custom blockchain 

If you already understand the power of [blockchain](/news/article/what-is-blockchain), you most likely believe building one is really hard; nothing could be further from the truth. 

You can create a blockchain as long as you collaborate with a good blockchain provider. Developing a blockchain requires learning to write your own source code, which requires plenty of time and vast technical knowledge. While beginning from the genesis block development to creating the blockchain network can be a titanic undertaking, we will show you a simpler process.   

## Why create a blockchain? 

If you already appreciate the power of distributed ledger technology, you know that creating your own blockchain is the key to ultimate flexibility. 

This creation allows you to choose your preferred consensus algorithm, control database, scalability, and balance of security and your programming language. Moreover, you'll be free to update as and when you want to. 

You want to create a blockchain fast so you can spend time on things that matter: stakeholder management, user interfaces, and perfecting the preferred use case for your application. The conventional way requires the expertise of a blockchain engineer, especially if you want to begin from ground zero, which can be overwhelming. 

However, considering using a blockchain as a service platform, you don't have to start from scratch. Following are eight simple steps to create a blockchain: 

### 1.   Identify a problem you want to address 

Creating a blockchain application begins with defining a problem you intend to solve. While many misconceptions surround the industry, there's every chance you have identified a problem you might solve using a blockchain application. 

Take the time to carefully perform a cost-benefit analysis and see whether investing your time and resources in the project is worthwhile. Once you identify a tangible issue, and consider the risks and positives involved positives, it's time to move to the next step.    

### 2.   Select an appropriate consensus mechanism 

As decentralized systems, blockchains require all the network’s members to authenticate transactions in a consensus process. Different consensus mechanisms have varying pros and cons based on individual needs. From the proof of work used by Bitcoin, there are others like proof of stake, federated, Byzantine fault tolerant, proof of elapsed time, delegated proof of stake, and Round Robin. Ensure the method you choose ties in with your particular use case.    

### 3.   Choose a suitable blockchain platform 

Choosing a blockchain platform is easier to build your decentralized application without creating a new blockchain from ground zero. Since most platforms are open-source, your choice will depend on the problem you wish to address and your preferred consensus mechanism. 

Among the leading platforms you can choose from include Ethereum, Hyperledger Fabric, BigChainDB, and Quorum. Audit the pros and cons of each blockchain before you make a decision.   

### 4.   Design the architecture 

There are three blockchain solution models: in-house, the cloud, and hybrid. Choose between hardware and software configurations like operating systems, processors, and disk size. Great care must be taken when designing the architecture based on your application and choosing from different types of blockchain solutions, permissioned or permissionless, private or public, and hybrid.   

### 5.   Configure the application 

Plan carefully how to configure your blockchain application because you can't make any alterations after that. The primary components you will integrate include access issuance and re-issuance mechanism, user permissions, consensus, parameters, atomic exchanges, key management and structure, signatures, and address formats. You may want to outsource this step if you're a complete newbie.   

### 6.   Building the APIs 

While getting a prebuilt Application Programming Interface (API) is possible, you could create your specific one for your unique use case. The most common purposes for creating an API include performing audit-related functions, addresses and key pair generation, data storage and retrieval, or triggering and managing smart contracts for payments, issuance, escrow, exchange, or retirement. 

### 7.   Design the admin and user interface 

The last step involves creating a user interface and admin console for your blockchain application. It would help if you now decided on your application's servers, front-end programming language, and external database. 

Include the correct analytics into the system since this is the console you will use to manage the app's soft launch. 

### 8.   Scale the POC and identify issues 

It would be best to use the minimum viable product (MVP) model to scale your application when your blockchain is still in its infancy. You want to ensure you have developed a workable application to prove your hypothesis before launching a high-end user interface. 

This is the stage where you identify performance issues, crashes, latency, and memory or storage glitches. Address any problems you encounter at this stage so you can save the resources you could have used to scale a meaningless application. If you're in doubt, you could consult an expert to help you scale your proof of concept (POC).     

## Conclusion 

Yes, it’s possible to create a blockchain by following these eight simple steps. While it may sound too simplistic considering the potential of the distributed ledger technology that supports Fintech uses cases cryptocurrencies, NFTs,[ DeFi](/news/article/what-is-a-defi-token), and many others, you’re now ready to launch your blockchain for free. 

Eight easy steps to create a blockchain like a pro 

"Stablecoin depeg" has been gaining traction over the past year due to the extensive usage of the digital asset by millions across the globe. 

Despite the negative effects of what became known as [crypto ](/news/article/waves-crypto)winter due to the plunge in the worth of the decentralized finance market, [stablecoins](https://thedefiant.io/stablecoin-volume-hits-record-high-of-7-4t-in-2022) executed around $7 trillion worth of transactions in 2022. 

What's impressive is that last year's value was a 23% rise from 2021, when the stable assets executed approximately $6 trillion worth of transactions. 

Trailing only Visa, the stable asset class [outpaced](https://twitter.com/TheChicagoVC/status/1605596279295201280) other payment processing companies such as Discover, Mastercard, and American Express during one of the worst periods in the trading history of virtual currencies.  

With the world of work changing, which has forced the hands of many employers worldwide to offer some employees’ salaries in crypto due to its relatively lower fees, it has become an instrumental part of the lives of several remote workers.  

This is why stablecoin depeg has risen above many terms in the crypto sector and has become a subject you should not take lightly.  

## Stablecoin depeg: Where does it begin? 

To understand this, you should first know what a stablecoin is.  

Its meaning can be directly derived from its name, a coin that is stable. According to [Investopedia](https://www.investopedia.com/terms/s/stablecoin.asp), it is a part of the crypto family and values are tied or pegged to commodities, financial instruments, or fiat currencies like the US dollar (USD), Euro (EUR), or the Great British pound (GBP).  

Satoshi Nakamoto introduced blockchain technology-backed financial currencies to compete directly with centralized finance-backed currencies. Therefore, we would be focusing on crypto paired with fiat currencies as a measure for explaining depegging. 

Most stablecoins are pegged 1:1 with fiat currencies, so depegging occurs when their values deviate substantially from their pegged rate. 

This unfortunate situation normally occurs on the back of regulatory changes, liquidity issues, and market conditions depending on the type of stablecoin.  

## What are the types of stablecoins?  

They come in three types: coins backed by fiat currency as earlier explained, others backed by commodities such as gold and silver, and those backed algorithmically by smart contracts. 

Among others, the most popular are Tether Limited’s United States Dollar Tether (USDT), [Circle’s](/news/article/stablecoin-issuer-circle-apple-pay) United States Dollar Coin (USDC), Binance’s USD (BUSD), DAI, USDP, Euro Coin ([EUROC](/news/article/euro-coin)), and TerraUSD (UST).  

While stablecoin issued by Circle and Tether is directly supported by USD and EUR, UST was an algorithmic stablecoin by Terraform Labs, a project that collapsed in May 2022.  

UST de-pegged due to its linkage to LUNA, the native asset behind the Terra ecosystem – a project that once surpassed $20 billion in total value locked (TVL).  

Due to its reliance on LUNA, once traders lost interest in Terra’s flagship cryptocurrency, UST could not be redeemed against its parent virtual currency. This led to mass selling and plunged the coin into irrecoverable zones.  

In March 2023, USDC briefly depegged from the USD in large part due to [Silicon Valley Bank](https://www.investopedia.com/what-happened-to-silicon-valley-bank-7368676), a now-defunct financial institution in the US where around $3 billion of the stablecoin's reserves were held. 

In 2018, USDT, which remains the largest stablecoin by market capitalization with approximately [$83 billion](https://coinmarketcap.com/currencies/tether/) in value, briefly depegged. 

## Should you be concerned about another major stablecoin depeg?  

Yes, you should be extremely concerned, considering the collapse of UST began crypto winter that wiped more than $1 trillion off the crypto economy in 2022.  

Understand that the DeFi sector is highly volatile, and several agencies continue to plan to introduce some [regulation](/news/article/is-crypto-regulated-across-the-globe) to the market, which could impact the asset class negatively. 

Aside from that, issuers can fail holders of a particular coin, while large selling by traders who want to cash out their assets can also affect their stable value. 

What is stablecoin depeg and why does it matter? 

Cryptocurrency has revolutionized how we think about money, and it's no surprise that scammers have been hopping on board. With cryptocurrencies, fraudsters can operate crypto scams with near anonymity and tap unsuspecting victims for large sums of money – faster than ever before. Despite the hype surrounding crypto investment opportunities, it's essential to remember that investing isn't without risk. 

If you're not careful when navigating this new international economy, then there's a strong chance you could become a victim of crypto scams. That's why understanding cryptocurrency is so essential – knowledge is power! 

Join us as we dive into common schemes criminals use against unwary crypto investors, how to identify potential traps ahead of time, and ways to protect yourself today! 

## What are crypto scams? 

Crypto scams are [increasingly prevalent.](https://time.com/personal-finance/article/popular-crypto-scams/) These scams often involve fraudulent schemes designed to trick individuals into buying fake or fraudulent cryptocurrency. It's essential to be aware of crypto scams as they can result in serious financial losses for those who fall victim to them. 

Common crypto scams include phishing, Ponzi schemes, and fake cryptocurrencies. By staying informed and cautious, you can protect yourself from falling victim to those who seek to take advantage of unsuspecting individuals in cryptocurrency. So be sure always to conduct thorough research and exercise caution before making any investments in the crypto space. 

## Common types of crypto scams 

As crypto continues to surge in popularity, so too do the number of scams that attempt to take advantage of unsuspecting investors. 

Phishing scams involve impersonating a legitimate company or individual to obtain personal information. 

Fake ICOs (initial coin offerings) make promises of huge returns on investment that never materialize. Ponzi schemes rely on new investors to pay existing investors, eventually collapsing when there are no longer enough new investors to sustain the scheme. 

Fake wallets or exchanges trick users into depositing money or crypto into a fraudulent account. 

By understanding the warning signs of these scams, investors can better protect themselves from falling victim. 

## How to protect yourself from crypto scams 

With the growth in crypto popularity has come [a surge of crypto scams](/news/article/isreal-crypto-scamming-network-targets-auusies). In 2022, more than $4 billion was estimated to have been lost to crypto scams. That is expected to rise in 2023. 

As the popularity of cryptocurrencies rises, so do opportunistic scammers looking to take advantage of unsuspecting investors. Protecting yourself from crypto scams can seem overwhelming, but it's crucial to safeguard your investments and financial information. 

An effective way to prevent scams is education. Familiarize yourself with common tactics scammers use, such as phishing emails or unsolicited investment offers. Additionally, research potential investments thoroughly before committing any funds. Ensure the company has a reputable history; don't hesitate to ask questions. 

Finally, be cautious of promises of high returns or quick profits. By staying informed and vigilant, you can protect yourself from scams and safely navigate the exciting world of cryptocurrency investment. 

## Red flags to look out for 

Navigating the cryptocurrency world can be daunting, especially for those new to the game. While many investors have made significant gains, exercising caution and vigilance is essential. 

There are several red flags that buyers and traders should look out for, such as scammers promising instant riches or unverified exchanges offering deals too good to be true. Researching potential investments thoroughly and utilizing reputable platforms is essential to avoid falling victim to fraudulent schemes. 

Individuals should be wary of investments that lack transparency or have anonymous developers with no established track record. By staying informed and aware of potential red flags, investors can adopt a proactive approach and safeguard their investments in the digital currency space. 

The world of cryptocurrency has become a money maker for many, but, unfortunately, the same opportunity has been used by scammers to perpetrate fraud. As demand for digital currencies grows, so does the number of fraudsters looking to exploit unsuspecting victims. 

## What if you become a victim? 

The cryptocurrency world can be exciting and risky, especially with the prevalence of scams. If you become a victim, there are essential steps to take. 

First, gather all evidence of the scam, including transactions, communications, and other documentation. Then, report the scam immediately to the relevant authorities, like the Securities and Exchange Commission. 

Contact your credit card company or bank to report fraudulent transactions and freeze your accounts if necessary. Remember to stay vigilant and educate yourself on the warning signs of crypto scams to prevent future incidents. 

## Resources available for victims 

It's important to know that if you've fallen victim to a crypto scam, resources are available to you. 

Some organizations can support and assist victims of crypto scams. The National Cyber-Forensics and Training Alliance is one such organization offering resources and guidance to victims. 

It's also important to be vigilant and educated about scams in the crypto world, so you can better protect yourself and your investments. Remember, help is available if you become a victim of a crypto scam. 

It is imperative to understand that [crypto scams are not always easy to spot](/news/article/infinox-forex-broker-scam-uncovered); however, with the proper information and understanding of the common types of crypto scams, how to protect yourself, and red flags to be aware of, your chances of becoming a victim can be reduced. 

Remember that awareness is key in protecting yourself from these increasingly sophisticated schemes, and finding ways to invest your hard-earned money wisely should always be at the forefront of your mind! 

It is essential to remember that crypto scams could rise in 2023. With the ever-growing popularity of cryptocurrencies, it is crucial to be aware of scams and always take precautions. 

Always check the service provider's legitimacy, research the project before investing, and never share your private keys or passwords with anyone. Lastly, stay informed about the latest news and developments in the crypto world to ensure you are not falling victim to a crypto scam. 

man coding crypto scam stock photo with red filter

Avoid becoming a victim of crypto scams 

Crypto investing for beginners in the UK is becoming increasingly popular among UK investors looking to capitalize on newfound opportunities in the digital asset space. With planning and consideration, it can be easy to unlock the secrets of crypto investment in the UK. 

## Unlocking the secrets of crypto investing for beginners in the UK 

Are you curious to learn more about cryptocurrency and want to explore the potential of investing in this digital asset? If so, you're not alone. A recent survey said that more than 30% of UK adults are either interested or very interested in learning more about cryptocurrency investments. 

[Cryptocurrency is becoming increasingly popular worldwide](https://www.koody.co/cryptocurrency/how-to-invest-in-cryptocurrency-uk#:~:text=Coinbase%20is%20highly%20regarded%20as,of%20them%20in%20one%20place.); however, as with any investment opportunity, specific risks and considerations must be considered. By balancing expenses against future profits while staying on top of the latest news developments, anyone can confidently venture into cryptocurrencies as an investment option. 

## Crypto Investing for Beginners UK 

Cryptocurrency investment has been making waves worldwide because of its unique approach to finance. The UK has embraced this modern currency investment practice. But what is it? And how does it work? 

Cryptocurrency investment involves buying digital tokens to receive high returns on investment. These tokens can be bought in exchange for fiat currency or other cryptocurrencies. These tokens are traded through digital wallets, which act as safe storage for your investments. 

As the market value of these tokens fluctuates, you can sell them. Understanding how cryptocurrency investment works requires a bit of research and understanding. However, the potential returns on investment make it an attractive option despite the risks. 

## Understanding the different types of crypto available 

As cryptocurrency popularity continues to rise, more and more investors are seeking to add them to their portfolios. However, with so many different types of cryptocurrencies available, it cannot be easy to understand their differences and know which ones are worth investing in. 

From Bitcoin to Ethereum, Ripple, and Litecoin, each cryptocurrency has unique features and potential risks that investors [must consider before deciding](/news/article/crypto-invest-strategy). 

Understanding the different types of cryptocurrencies available and their underlying technologies is crucial for any investor looking to add them to their portfolio. 

Investors can make informed decisions by taking the time to research and learn about each cryptocurrency. 

## Exploring the benefits of investing in cryptocurrencies 

Investing in cryptocurrencies has become an attractive option for many people. These digital tokens offer a decentralized currency free from government regulations and market fluctuations. 

With the rise of mainstream acceptance, more businesses are accepting crypto as payment. 

Additionally, cryptocurrencies can provide a hedge against inflation and a store of value. Investors can benefit from the potential growth and diversification that comes with investing in cryptocurrencies. While risks are involved, thorough research and a long-term approach can mitigate those risks and potentially lead to significant returns. Overall, the benefits of investing in cryptocurrencies are undoubtedly worth exploring for those looking to diversify their portfolio and participate in the digital revolution. 

## Crypto investing for Beginners UK choices 

With so many different cryptocurrencies available, deciding which one to invest in can be overwhelming. There are crucial tips to consider when deciding. 

First, do your research and understand the technology behind the cryptocurrency. Look into the project team and its track record. 

Additionally, consider the market demand for the cryptocurrency and its level of adoption. Finally, diversify your investments and not put all your eggs in one basket. These tips will help you to make well-informed decisions about choosing the right cryptocurrency. 

## Researching potential returns before you invest 

Investing can be an exciting way to put your money to work, but knowing what you're getting into is essential. Before you jump into any investment opportunity, take the time to research potential returns. 

Not all investments are created equal. You must understand the risks and rewards before you invest. Look at historical performance data and analyze trends. Also, consider diversifying your investments across various assets to reduce risk. 

Lastly, stay up to date on the latest economic news and market trends. Remember, making wise investment choices takes time and effort, but it's worth the effort to reap the benefits of long-term growth potential. 

## Crypto investing for Beginners UK critical risks 

As cryptocurrencies continue to rise in popularity, more and more investors are getting involved in this exciting new market. But as with any investment, critical risks must be considered to ensure a successful outcome. 

A significant risk of investing in cryptocurrencies is that the market is highly volatile, with prices fluctuating rapidly and unpredictably. The risks of fraud and hacking can result in significant financial losses. 

Additionally, the regulatory landscape surrounding cryptocurrencies is uncertain, which can create added complexity for investors. While investing in cryptocurrencies can be incredibly rewarding, it is crucial to carefully evaluate and manage these risks to make informed investment decisions. 

Digital asset investment can be a great way to diversify and capitalize on the growth potential of this exciting new asset class. Some risks must be considered. 

Before making any decisions, investors should thoroughly [research different types of crypto coins ](/news/article/blackrock-investing)available for purchase, understand the associated risks and rewards, and familiarize themselves with the key features of each one. 

Additionally, cautionary consideration should be taken before investing large sums of money, as price fluctuations can happen rapidly in this ever-evolving market. Taking these necessary steps to understand a crypto investment before jumping into it is ultimately the best pathway to success for those wanting to take advantage of the profits that could be made from crypto investments within the UK. 

man investing while sat at his desk with blue filter

Tips for crypto investing for beginners in the UK 

Where should you keep your cryptocurrency? In a custodial wallet or a non-custodial wallet? 

The last five years have witnessed a dramatic rise in the popularity of cryptocurrencies. For their continuing development, the average user must be comfortable managing and securing their digital assets. Therefore many industry experts believe the development of the crypto wallet is [crucial to market expansion](https://dailyfintech.com/2020/08/31/crypto-built-on-top-crypto-wallets/). 

The modern crypto wallet is essentially a piece of secure digital software allowing consumers to store their precious digital assets safely. 

Crypto wallets fall into two main categories: 

- Custodial wallet. 

- Non-custodial wallet. 

The difference is relatively straightforward. In the custodial example, a third party takes ownership of your private keys and provides management services for the user. Conversely, a non-custodial wallet is managed purely by the consumer, private keys and all. 

In the simplest terms, [private keys](https://www.investopedia.com/terms/p/private-key.asp) are those held by the user, whereas public keys are given to any third party wishing to send crypto to that wallet's address. Two keys for the same lock. 

Choosing between a custodial or non-custodial wallet is about personal preference. However, as we can see from the example above, a non-custodial wallet provides users with total control over their digital assets. Given the number of exploits and crypto hacks in recent years, non-custodial wallets have seen an explosion in growth concurrent with the rise in the popularity of crypto. For more information on some of the best UK wallets available, check out [our article](/news/article/best-crypto-wallet-uk-top-picks). 

## Differences 

So, other than private keys, what are the main differences between custodial and non-custodial wallets? 

Firstly, non-custodial options provide the consumer with much greater control over their private finances and effectively allow the user to become their own private bank. 

Secondly, with non-custodial wallets, all transactions are shown in real time, while custodial methods tend to back-log transactions to make use of more profitable times to transact. 

Thirdly, because custodial wallet providers need to store data on their customers, there is a much higher risk of data breach and hacking, leading to higher costs and slower transaction times due to increased security measures. 

One of the main drawbacks of the non-custodial wallet is the lack of backup and recovery possibilities should things go wrong. Of course, non-custodial providers often feature opportunities for backup, but if this is lost, you are really on your own. While this isn't the case across the board, third-party providers of custodial options often have a more robust recovery procedure if anything goes wrong. 

Finally, any custodial wallet is only accessible if connected to the internet, while non-custodial balances are available 24/7. This could prove problematic in more ways than one. 

Overall, the choice between a third-party custodial and a non-custodial provider is personal, but the non-custodial option provides the consumer with much greater flexibility, even if it requires more personal responsibility. 

As we all know, given the current economic climate, having control over your personal finances isn't such a bad thing. 

Man with wallet. Question mark overlayed with blue filter

Is a non-custodial wallet right for me?

If you have ever wondered, "where can i buy LOOM crypto?", this article will outline some of the exchange the Loom Network native token is available on, and explain how to buy it.

Loom Network, launched on 1 October, 2017, is a platform as a service built on [Ethereum](/news/article/ethereum-shanghai-upgrade) that enables developers to operate decentralised applications on a large scale. Its primary objective is to provide developers with smart contracts for greater computing power as needed or to maintain the same level of power while reducing costs for specific tasks, such as user onboarding trials or applications that don't require full blockchain security.

It facilitates the execution of Ethereum Solidity apps via side chains, providing specific consensus mechanisms and enhanced security. It streamlines the scaling process of decentralised apps on the Ethereum network, utilising DPoS side chains. LOOM token serves as a membership token, granting access to all apps, allowing for seamless transfer of digital assets and data between Ethereum and Loom DAppChains.

## Where can I buy Loom crypto?

The most popular trading platforms for Loom Network are [Huobi](/news/article/huobi-exchange-who-owns-it), VCC Exchange, Coinbase Pro, Upbit, Bilaxy, Bittrex, Bithumb, Binance, and HitBTC.

## Step-by-step guide on buying LOOM on Coinbase

Step 1:
To begin using [Coinbase](/news/article/coinbase-singapore-approval), complete the sign-up process by downloading the app or signing up on its website. It's important to have a valid ID and proof of address readily available, as these may be required for transactions. Remember that ID verification times may vary based on your location and could take longer than a few minutes.

Step 2:
To incorporate a payment method, click the payment method field and link a payment option. You can opt for a bank account, debit card, or initiate a wire transfer.

Step 3:
Initiate a transaction by selecting Buy & Sell on Coinbase.com or tapping the ( + ) Buy option on the Home tab of the Coinbase mobile app.

Step 4:
Choose Loom Network from the list of available assets. To find and select Loom Network on Coinbase.com, click the Buy panel. For Coinbase mobile app, type "Loom Network" into the search bar to find it. Once you see Loom Network in the search results, tap on it to access the purchase screen.

Step 5:
Specify the desired purchase amount. Use the number pad to indicate the amount you wish to spend in your local currency. The application will then convert it into an appropriate crypto amount. The arrow keys positioned to the right of your chosen money amount can be clicked to switch it to the corresponding token amount.

Step 6:
Complete the acquisition by tapping "Preview buy" when you're prepared. Examine the specifics of your purchase to ensure everything is in order, then validate your acquisition by clicking "Buy now". Following the completion of your order, you will be directed to the confirmation page, indicating that you have successfully purchased this cryptocurrency.

## Buying Loom Network crypto on Binance

After creating a free account on the Binance website or app, click on the "Buy Crypto" link on the website to view the available options in your country. Binance recommends purchasing a stablecoin like USDT or BUSD first for better coin compatibility and then using it to buy $LOOM.

You could pay using:

- Credit Card and Debit Card.

- Bank Deposit.

- Third-Party Payment.

You are given 60 seconds to confirm your order at the present price, or the order will be updated in accordance with the current market value. By clicking the Refresh button, you can check the revised amount of the order.

After purchasing your cryptocurrency, you can keep it in your personal crypto wallet or leave it in your Binance account. Additionally, you can trade it for other cryptocurrencies or earn passive income by staking it on Binance Earn. If you wish to trade it on a decentralised exchange, Trust Wallet could also be a great option as it supports a wide range of assets and blockchains.

## Choosing the right order type for buying Loom crypto

Market order: This type of order is executed immediately at the current market price of the coin or token. For instance, if LOOM is currently trading at $0.05, a market order will purchase LOOM tokens at approximately $0.05 per token.

Limit order: A limit order is a buy order that is executed at or below the price you specify. For example, if you set a limit order to buy 100 LOOM tokens with a limit price of $0.08, you will not pay more than $0.08 per token. If the broker is unable to fill the order at or below $0.08, the order will remain open indefinitely.

## What is the circulation of Loom Network digital token?

This digital token is utilised for Proof-of-Stake to secure Basechain. It can be staked by token holders to earn rewards. Additionally, developers can use the token to pay for DApp hosting on Loom Network without any transaction costs for users.

It operates on the Ethereum platform and follows the ERC-20 standard, serving as a means of payment for services on the network. It's important to note that LOOM isn't mined but acquired through user participation in DApps. The maximum quantity of tokens is limited to 1 billion.

## LOOM price predictions 

[CryptoGround](https://www.cryptoground.com/loom-network-price-prediction)'s price prediction for this token in 2022 was bearish. 

However, the site predicted that the token could rebound to $0.0607 in March 2023 and potentially rise to $0.0743 by August. The forecast also projected a token price of $0.1197 in 2024 and $0.3088 in 2025, with a potential value of $0.4789 by September 2027.

According to [PricePrediction's](https://priceprediction.net/en/price-prediction/loom-network) forecast, the token price could increase to $0.081 by 2023 and $0.12 by 2024. The site also predicted that the token may reach $0.17 by 2025, $0.24 by 2026, and $0.35 by 2027. By 2028, the estimated price was around $0.52, potentially rising to $0.75 by the decade's end. PricePrediction also forecasts that the price could hit $1.15 by 2030 and $1.73 by 2031.

[WalletInvestor's](https://walletinvestor.com/forecast/loom-network-prediction) prediction was more pessimistic, predicting that this project may face challenging times and that the token's value could decrease significantly to approximately $0.0692 by September 2023.

It's important to note that predicting the price of a token is challenging due to the highly volatile nature of cryptocurrency markets. Short-term and long-term predictions can be incorrect since market fluctuations can occur within hours. Therefore, it's important that you make your own judgments and not rely on any predictions before making any investments.


green image of loom crypto logo over abstract tech art

Where Can I Buy LOOM Crypto?

[POLi Payments](https://www.polipayments.com/index.html) is an online payment system that provides customers with a secure and convenient payment method, and allows them to buy cryptocurrencies, including Bitcoin.

This payment system is a subsidiary of Australia Post, one of the world's largest postal services. The company has been operating since 2010 and is headquartered in Melbourne, Australia.

The platform enables users to purchase [Bitcoin](/news/article/bitcoin-fear-and-greed-index) or crypto using POLi deposits through trusted exchanges regulated in Australia by AUSTRAC. It employs a direct connection to the user's bank account, meaning there is no need to provide credit card details when making a payment. The only requirement is the user's internet banking login details.

Once the user has logged into their bank account via the POLi platform, they can select the amount of money they want to transfer. The funds are transferred immediately from the user's bank account to the merchant's account.

## How to buy Bitcoin with POLi Payments

In Australia, it is advisable to purchase Bitcoin or other cryptocurrencies using POLi through a broker registered with AUSTRAC (the Australian Transaction Reports and Analysis Centre) and regulated by ASIC (the Australian Securities and Investments Commission).

[eToro](/news/article/etoro-uk-review) is a trusted multi-asset investing platform that meets these requirements, offering a broad range of more than 70 cryptocurrencies. The platform is ideal to buy Bitcoin with POLi. Below is the step-by-step process:

•	Step 1: Register an account with [eToro](/news/article/etoro-fees) and complete the verification process, whether for personal or company use.

•	Step 2: Input the desired amount in AUD that you wish to deposit on the eToro platform.

•	Step 3: Log in to your bank account via the POLi platform and deposit your preferred fiat currency.

•	Step 4: Locate the cryptocurrency you wish to purchase and execute your trade.

## Is the payment platform safe?

The platform provides a secure and reliable online payment system to safeguard your personal and financial information. The company employs cutting-edge security protocols such as 128-bit SSL encryption to ensure the safety of your data. 

Furthermore, your transactions are processed through a secure connection to your bank, and your bank login details are never stored on the server. This makes it an ideal option for online payments, particularly if you do not possess a credit card or do not wish to use one for online transactions.

## Bottom line

POLi Payments is a reliable and efficient option for individuals purchasing cryptocurrencies such as Bitcoin in [Australia](/news/article/australia-crypto-regulation). This payment method is characterized by its fast, secure, and user-friendly process. Using POLi deposits, customers can securely buy digital assets through the eToro exchange at low transaction costs.

For those searching for a viable alternative to traditional payment methods when acquiring cryptocurrencies within Australia, POLi payments could be the ideal solution.


How to Buy Bitcoin with POLi

CoinsKid is a website highlighting the most popular crypto projects at the time, including hot crypto projects and trending cryptos.

Crypto financial recommendations, analyst reports, top crypto 2023, currency trends, technical analysis, forecasts, and hot markets are among the things to be found on the [CoinsKid](https://www.coinskid.com/) website.

The site also includes:

•	Links to the most recent and popular cryptocurrencies.

•	Connections to offers and trades.

•	Social networking links.

There are 18,612 cryptos on the watchlist, with a total market value of $1.17 trillion.

The CoinsKid website tries to answer the following questions: Which cryptocurrency is popular now? Will the price of it rise? Will the price of cryptocurrency fall? Is the price of cryptocurrency rising? Is cryptocurrency a good investment? When will the price of cryptocurrency drop?

## How to find market capitalisation on the CoinsKid website

Market [capitalisation](https://www.fidelity.com/learning-center/trading-investing/fundamental-analysis/understanding-market-capitalization), often known as Marketcap, is the value of a cryptocurrency project. In most circumstances, it is simple to compute simply by multiplying the price of a cryptocurrency by its supply. The CoinsKid website has a market capitalisation calculator.

## Dedicated section to MoonShot crypto on the CoinsKid website

[MoonShot crypto](https://project-moonshot.me/) is a unique sort of cryptocurrency asset. It is a "deflationary, self-regenerating autonomous liquidity supplying protocol". The website also has a section dedicated to the most recent MoonShot crypto projects. 

MoonShot crypto initially had a total quantity of one quadrillion tokens. Presently, almost 300 billion tokens have been permanently destroyed. The term "protocol" merely refers to the blockchain definition underpinning the [crypto](/news/article/crypto.com-under-investigation) asset. A "liquidity supplying" system is a blockchain that pays out money to MoonShot token holders.

Every transaction on the [blockchain](/news/article/blockchain-energy-fud) results in 4% of the transaction value being paid directly to MoonShot holders. Also, 6% of each transaction is added to the liquidity pool, helping to reduce volatility and maintain a rising price floor.


What is on the CoinsKid Website? 

Ocean mining crypto may require you to purchase a mining hardware setup. It is important to factor in the volatility of Ocean Protocol (OCEAN), the number of competing OCEAN miners, the cost and power of the mining rig (note: crypto mining [consumes considerable energy](/news/article/norway-bitcoin-mining), and profitability metrics before investing.

There are many hardware rig options on the market today. We have made it easy to choose one best suited to Ocean mining crypto and your requirements.

![oceanmining.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/oceanmining_9736398af3.png)

## Ocean crypto options: mining hardware rigs

There are several Ocean mining crypto options, but before we explore them, let's revise some crypto mining basics.
The power of a crypto hardware rig is determined in the form of hashrate.

The greater the hashrate, the more guesses your hardware setup can make to solve cryptographic puzzles (and earn cryptocurrency as a reward). When there are a large number of competing miners, mining difficulty increases, and it is beneficial to have a system with greater computational power.

If you are considering investing in a long-term crypto-mining option, we recommend purchasing an ASIC miner. An ASIC rig comprises a motherboard, ASIC chip, and cooling system. Here is a list of the [best options](https://www.softwaretestinghelp.com/best-asic-miners/) for the same.

Avoid mining with a GPU setup, as they are more expensive than ASIC miners and generate less power. DO NOT mine with a CPU!
It should be noted that earning a return on investment (ROI) may take a few months. Mining setups produce significant noise and heat and [consume considerable electricity](/news/article/sustainable-mining) (as mentioned before).
You may also have to invest in repair work, as these setups run 24/7 and are prone to wear and tear.

We have great news for you if you do not want to invest in hardware. [The IQMining platform](https://iqmining.com/) makes it possible to mine OCEAN without purchasing hardware equipment. Simply sign up, purchase a cloud mining contract, and withdraw your profit to a compatible digital wallet (more on this later).

![ocean2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/ocean2_8cae447f68.png)

Source: [IQMining](https://iqmining.com/)

The above chart displays the list of available cryptocurrencies, price in USD, hashrating algorithm, block number, and network H/S. Please study each of these concepts and make an informed investment decision.

IQMining makes it possible to mine hundreds of altcoins from the comfort of your home. The shortest available contract spans a duration of one year. You can avail yourself of a lifetime contract as well!

## Everything you should know about OCEAN

The OCEAN utility token is an ERC-20 token that powers the Proof of Work (PoW) Ocean Protocol ecosystem - an ecosystem of next-gen tools to unlock data at a large scale. You can purchase the cryptocurrency at a number of [popular cryptocurrency exchanges](/news/article/coinmama-crypto-exchange), including Binance, Kraken, Uniswap, and Crypto.com.

The digital asset can be stored in any wallet with ERC-20 compatibility. We recommend hardware wallet options, as they are the safest. [Some wallets to choose from](/news/article/best-crypto-wallet-uk-top-picks) include Ledger, Trezor, and MetaMask. Once you have purchased/mined the digital token, you can earn additional rewards via staking.

The longer you stake OCEAN, the more staking and voting rewards you receive. If you stake OCEAN, you will receive veOCEAN tokens corresponding to the staking period.

For example, if you stake X OCEAN for one year, you will receive 0.25X veOCEAN. For a two-year staking period, you will receive 0.5X veOCEAN. For three and four-year staking durations, you will receive 0.75X and X veOCEAN, respectively. veOCEAN holders will receive rewards from Data Farming and community fees.

The price of the crypto asset at the time of writing is nearly $0.46, according to [CoinMarketCap data](https://coinmarketcap.com/currencies/ocean-protocol/). Do factor in the digital asset's price, the potential of the ecosystem in the long-term, and each of the listed metrics when making an Ocean mining crypto decision


Ocean Mining Crypto: All You Need to Know 

## What is DexGuru and how can you use it? 

DexGuru, peculiarly, is not a DEX (Decentralized Exchange) itself, as the name might suggest. Instead, it helps you better understand other DEXs, with a well-executed user interface to make things easier. As the company explains on [its blog](https://blog.dex.guru/DexGuru101) – “DexGuru offers data”. 

There are a lot of complexities and technicalities when it comes to trading – especially cryptocurrency. You need to weigh hundreds of different variables to ensure you have the relevant information to make proper trades. 

To a novice trader, all these 'switches and knobs' won't really make sense, nor will they matter. However, if you're enthusiastic about trading and want to understand how the market works, DexGuru could be the perfect tool. 

You can do much with DexGuru, with [charting](/news/article/understanding-crypto-price-charts) at the core of the feature list. You can play around plenty with the charts on the app, with functions like overlaying various charts on top of each other, looking through different periods for comparison, and multiple indicators to understand trends. Moreover, you can compare and view up to nine different charts simultaneously – a dream come true for avid traders! 

You can also monitor all the trading activity related to your favourite crypto tokens 24/7. It's not just basic information like buying and selling prices; DexGuru can also help you dive in much deeper, like how much of the token whales, sharks, and bots are buying, respectively. 

You can also trade using the DexGuru platform, with a feature referred to as a "swap tool" by the developers. You can buy and sell "spot" assets on the platform without using another DEX. 

## Trading crypto, but it’s not a DEX – how? 

You might have this question in mind, "they said it isn't a DEX, but then how can you buy and sell crypto assets on it?". 

The catch is that it uses the [0x API](https://www.0x.org/) as its foundation to facilitate all crypto-related transactions. This not only helps its users trade “in-house”, but it also provides the best rates on the market. Moreover, because of using 0x, DexGuru itself doesn’t charge any extra fees, as most other DEXs do. 

It's a win-win situation for everyone, making DexGuru a great application for trading. It's insightful, easy on the eye, and facilitates cheap trading for users while providing a mountain of important data – what more could you possibly need? ## 

dexguru logo on blue image of blockchain code

What is DexGuru and How Does it Work?

Eager to join the Metaverse and want to buy Sandbox land? Here's how.

With virtual reality (VR), augmented reality (AR), and artificial intelligence (AI) becoming integral parts of our lives, individuals and organizations want to be a part of this growing sector. Increased interest in having a presence in the Metaverse led to Facebook rebranding itself as Meta Platforms Inc. In March 2022, banking and financial services company [HSBC](https://cointelegraph.com/news/hsbc-enters-the-sandbox-to-offer-educational-finance-games) entered the Metaverse through The Sandbox, intending to offer educational financial games to its customers.

While the market size of this booming sector is forecast to be worth [$825 billion](https://www.prnewswire.com/news-releases/metaverse-market-size-worth--824-53-billion-globally-by-2030-at-39-1-cagr-verified-market-research-301585725.html#:~:text=Metaverse%20Market%20size%20worth%20%24%20824.53,CAGR%3A%20Verified%20Market%20Research%C2%AE) by 2030, how can you buy land from The Sandbox so that you can contribute to the development of this growing industry?

## Buy Sandbox land: What is The Sandbox?

It is an integral part of Metaverse gaming, allowing users to create, distribute, and monetize their in-world goods and gaming experiences. Despite its popularity, The Sandbox does not reside in an independent blockchain. Instead, it is housed on Ethereum.

Engaging with The Sandbox involves experiences such as Play-to-Earn (P2E) and Free-to-Play (F2P). Opportunities on the platform are not limited to just gamers. Creators and landowners also have an equal chance of making passive income from The Sandbox Metaverse.

Many colours can be found on The Sandbox. Each represents the state of LANDs on the platform. GREEN is a symbol of ESTATEs and LANDs that belong to other people. RED represents ESTATEs and LANDs owned by you. YELLOW shows premium LANDs that can be purchased due to their availability. GRAY indicates ESTATEs and LANDs that are available on the market and can be purchased. 

PURPLE denotes ESTATEs and LANDs that you and others have booked. Should you come across BLUE, you should know that it represents ESTATEs and LANDs that have been reserved for Game Maker Fund recipients and partners of The Sandbox.

Now that you know the main tenets of the platform, let us investigate how you can buy land on The Sandbox.

## Buy Sandbox land

To buy virtual properties, you must go through the following steps.

### (1) Create an account on The Sandbox

You cannot buy a piece of virtual real estate if you are not a platform member. You can [sign up](https://www.sandbox.game/en/sign/?redirectTo=%2Fen%2F) directly by connecting your wallet. While many wallets support SAND tokens, such as Ledger, imToken, Coinbase Wallet, TokenPocket, iToken Wallet, Coinomi Wallet, Freewallet, TrustWallet, ABC Wallet, Ambire Wallet, SafePal, and Math Wallet, The Sandbox recommends the use of [MetaMask](/news/article/what-is-metamask). 

Aside from directly signing up with a crypto wallet, you can also create an account using your Google Mail or Facebook details.

You have to FUND your crypto wallet with SAND, the novel token of this Metaverse application. Since the platform is housed on Ethereum, its native asset in the form of Ether (ETH) acts as the base currency that oversees all transactions on the current Proof-of-Stake (PoS) blockchain. Therefore, you need to fund your wallet with ETH as well. With SAND and ETH in your wallet, you can navigate to finding LAND on the menu. 

### (2) LAND selection

Search for the "LAND/MAP" option on your screen. Before you find this, note that there are two main types of LAND in The Sandbox. They are PREMIUM and REGULAR LANDs. Regular Lands can be likened to residential areas where lands are occupied by houses. 

Premium Lands can be compared to the commercial areas of cities where social hubs and the major partners of The Sandbox can be found. Such areas come with relatively higher traffic than regular lands. Premium lands are denoted by YELLOW, while Regular lands are shown in GRAY.

### (3) Buy virtual land

Select the LAND you want to buy. With your crypto wallet containing SAND and ETH, you can buy a virtual land by following the notification messages on your wallet.

## Buy land through OpenSea

As the largest NFT marketplace by volume, you may prefer buying LAND from OpenSea. With this, you can click on [The Sandbox](https://www.sandbox.game/en/) and scroll down until you find BECOME A LAND OWNER. 

Click on BUY LAND and it will redirect you to OpenSea. 

There are [1,253](https://opensea.io/collection/sandbox?search%5bsortAscending%5d=true&search%5bsortBy%5d=UNIT_PRICE&search%5btoggles%5d%5b0%5d=BUY_NOW&search%5btoggles%5d%5b1%5d=ON_AUCTION) Sandbox-related items on the biggest NFT marketplace. Click on the LAND you want to buy, connect your crypto wallet to OpenSea, and make the purchase. 

Since LAND is priced in ETH, you will need to fund that wallet with the primary cryptocurrency of Ethereum. 

## Conclusion

In any investment, you should always weigh the pros against the cons. If the potential rewards from buying LAND from the Sandbox Metaverse outpace the risks, you can invest in the virtual land.

As of 16 January, 2023, total sales stand at more than [$370 million](https://nonfungible.com/market-tracker/thesandbox) by more than 30,000 buyers involved in over 69,000 transactions.


pink image of sandbox land map and sandbox logo

Buy Sandbox Land - A Simple Guide

Amid uncertainties in the digital currency market, you may be contemplating the best cryptos to buy now. This selection process can be easier when you know your desired goals.

A lot has happened in the crypto industry in the past year. Several cryptocurrencies, such as Bitcoin and Ethereum, have dropped almost 75% from their all-time high (ATH) values.

While developers have doubled down on their building efforts, other firms such as Celsius, Three Arrows Capital (3AC), FTX, Alameda Research, and [BlockFi](/news/article/ftx-collapse-blockfi-suspend-withdrawals) have all gone bankrupt.

Lower crypto values could be the result of the bearish market intensified by the collapse of the Terra ecosystem and [FTX trading protocol](/news/article/ftx-bankrupt-who-to-blame). Nonetheless, there are solid crypto assets investors can buy and earn some profits. This guide encompasses some coins to buy now and hold either short or long-term.

## Seven best cryptos to buy now

The current crypto winter has had some far-reaching effects on the industry. Investors wanting to buy crypto for investment sakes may opt for less volatile assets, such as stablecoins or wrapped tokens.

In the same way, you may decide to invest in diverse crypto assets. 

The rationale behind this is to have a diversified portfolio to minimize risk. Investing in just one crypto asset may be extremely risky, given the volatile nature of cryptocurrencies.

Thousands of crypto assets exist in the market, making it challenging to choose the best investment. However, this guide simplifies the selection process. Below are eight digital coins investors can buy now.

## Bitcoin (BTC)

Bitcoin has remained at the forefront of the crypto market since the release of its white paper in 2008. With a market capitalization of more than $321 billion, Bitcoin represents about 36% of the entire cryptocurrency market.

Currently, Bitcoin trades at $16,696, 75% down from its all-time high (ATH) value of $68,000 in October 2021. While Bitcoin does not show any potential of rising to double its current price, it remains the safest bet for most investors.

Even though the price of Bitcoin is highly speculative, it still dominates thousands of other existing crypto assets in the market. This is all thanks to the Bitcoins Lighting Network, which prompts lower fees and higher transaction speed.

Bitcoin currently maintains a resistance level of $17,000, and failure to break through may result in a downside movement. An hourly relative strength index (RSI) of above 50 points and resistance levels at $16,800 and $17,000 could make this a good time for "buy the dip" investors to step in. Nonetheless, Bitcoin has shown significant growth since the beginning of the year.

### Ethereum (ETH)

Ethereum has shown significant consistency in the last few years. It not only trails Bitcoin as the second-largest cryptocurrency based on market capitalization, but is also a central hub for crypto developers.

This is evident in the development of decentralized autonomous organizations (DAOs), decentralized finance (DEFI), and non-fungible tokens (NFTs).

With a market capitalization of about $144 billion and a price of $1,184, [Ethereum](https://ethereum.org/en/) is down some 69% off its all-time high (ATH) value of more than $4,000, reached in October 2021.

Currently, thousands of crypto-based projects are built on the Ethereum network, which makes it extremely valuable among crypto developers. In addition, regular upgrade such as the  EIP 1559 and the "[Merge](/news/article/ethereum-merge)” makes Ethereum reliable and faster, and deflates the native Ether token.

### Dogecoin

[Dogecoin](/coins/doge) is the fastest-rising memecoin in the crypto industry, all thanks to the push by Tesla founder Elon Musk. Created by Billy Markus and Jackson Palmer, this open-source coin was forked from Litecoin in December 2013 as a fun crypto.

Currently trading at $0.077, Dogecoin is about 89% down from its all-time high (ATH) value. Nonetheless, Dogecoin is highly speculative and has turned several investors into millionaires and billionaires.

Doge's success story is closely linked to Musk's love for it. In early 2021, the billionaire tweeted about Dogecoin by sharing a Lion King DOGE meme, prompting a strong rally with intermittent dips. Several months later, the coin's price tanked by more than 70% following Musk's seeming lack of interest. Nonetheless, occasional tweets by Musks show he still has power over the price of Dogecoin.

For instance, when [Musk announced his intentions to acquire Twitter](/news/article/elon-musk-twitter-dogecoin), the popular microblogging platform, the price of DOGE briefly spiked by 10%. If you are looking for quick gains, DOGE may be one of the top cryptos to buy now.

### Cardano (ADA)

Considered an Ethereum killer, Cardano (ADA) boasts a whooping market capitalization of more than $9 billion. Currently trading at $0.26, the ADA token is in excess of 80% down from its all-time high (ATH) price of $3, reached in October 2021.

Charles Hoskinson, the network's founder, announced the Alonzo hard fork in August 2021, prompting Cardano to surge by more than 116% the following month. The hard fork launch in September 2021 ushered in smart contracts deployed in just 24 hours.

Even though Cardano’s rate of developing products may be slow compared to other projects in the crypto market, it still promises to launch “gigantic” products. And its investors pride themselves on this.

### Ripple (XRP)

Ripple (XRP) currently boasts the position of the seventh-largest coin in the industry, with a market capitalization of roughly $17 billion. The XRP coin currently trades at $0.34, 85% down from its all-time high value of $3.40, achieved more than five years ago.

The price of XRP has struggled for years due to the l[ingering legal battle](/news/article/elon-musk-twitter-dogecoin) between the company and the Securities and Exchange Commission( SEC). The contention is whether or not XRP is a security.

The SEC filed a lawsuit against Ripple and two of its executives in December 2020 on the allegation that they traded $1.3 billion worth of XRP tokens as security without being registered with the commission.

The current interest is whether or not the SEC will file for reconsideration of summary judgment. Investors believe XRP will have a favorable outcome, ultimately leading to a bullish run. This explains why XRP is being closely watched by crypto investors.

### Binance (BNB)

Binance has been in the news lately, especially with the collapse of the FTX trading protocol. The largest crypto trading protocol also stated that it will build Proof-of-Reserves to drive transparency in the crypto industry.

Build and Build (BNB), the native coin of the [Binance](https://www.binance.com/en) exchange, currently trades at $247, more than 65% down from its all-time high value of $600, reached in October 2021. One of the advantages of Binance is its developmental strides as it strives to not only be an exchange, but to become an infrastructure service provider for the entire blockchain ecosystem.

Unlike Bitcoin, which suits the need of aspiring investors whose aim is a long-term investment, Binance is ideal for short-term investors. In addition, Binance's stablecoin, BUSD, has maintained optimum stability as its books show that the token is tied to real-world assets.

### Polygon (MATIC)

Polygon is a popular blockchain infrastructure built on the Ethereum protocol to enhance scalability and lower transaction fees. As a layer-2 solution, [Polygon](https://polygon.technology/) enables developers to build optimistic rollup chains, ZK rollup chains, and other stand-alone chains. Over time, Polygon has transformed the Ethereum network into an internet of blockchains.

Polygon is well known for its partnership with companies such as Meta, Robinhood, and Starbucks. These partnerships serve as a frontier to scale its native token, MATIC.

MATIC currently trades at $0.8, about 60% down from its all-time high of $2.32 a year ago. Investors believe that a bullish run may result in a surge in the price of MATIC.

## Best cryptos to buy now - what to consider

Before buying any cryptocurrency, some factors must be considered. These include:

•	What is the risk involved?

•	Do I store the coins in a hot or cold wallet?

•	Does the coin fit into my long-term or short-term portfolio goals?

If, after answering these questions, you feel convicted to invest, then you should. But do not compromise on security.

Holding crypto is risky. Losing your recovery phrase, sharing your password with third parties, physical damage to your hardware wallet, or even a malicious attack on your hot wallet or exchange wallet may result in the loss of coins. Caution must be taken at all times.

## Best cryptos to buy now - conclusion

It is essential to understand that there is no perfect cryptocurrency to invest in at the moment. It all depends on individual choices and the risk level each investor can take.

The issue of speculation must not be overlooked. Major news in the industry could affect the market positively or negatively, ultimately leading to a profit or loss. With cryptocurrency investments being tricky, every investor must research adequately before deciding to invest.


Best Cryptos to Buy Now Revealed

Before we look at how to buy FTM in a straightforward way, let's look at the history of the token and the Fantom project.

Founded in 2018, Fantom is a layer 1 project that uses a single consensus layer to support the creation of multiple chains.

Fantom uses a novel consensus mechanism developed by the Fantom Foundation called the "Lachesis Protocol". Lachesis can provide security to multiple layers, the first one being Fantom's Ethereum Virtual Machine (EVM)-compatible smart contract chain called Opera.

Its unique consensus Lachesis allows it to be plugged into any distributed ledger. This also enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality while remaining permissionless, decentralized, and open-source.

## The FTM Token

FTM is the native token of the Proof-of-Stake (PoS) network, which is used to maintain on-chain governance and pay block rewards to validators and delegators who stake FTM. You can also utilize FTM for sending and receiving payments, paying network fees, smart contract deployment fees, and transaction fees. Additionally, the token can be used as collateral on the network's DeFi ecosystem.

FTM tokens can be stored safely in the platform's official wallet, fWallet, enabling staking, sending, receiving, and accessing the DeFi ecosystem.

As of writing, FTM is trading at $0.4357. Its all-time high (ATH) was hit a year ago, according to [CoinGecko](https://www.coingecko.com/en/coins/fantom).

Late in November 2022, Fantom Foundation's "Architect," Andre Cronje, [released](https://andrecronje.medium.com/fantom-an-inside-financial-peak-at-being-a-crypto-company-323d29fb5e81) the firm's financial records. They reveal that it had $340 million worth of digital assets and had been earning more than $10 million annually.

"Over 450,000,000 FTM, > $100,000,000 in stables, > $100,000,000 in crypto assets, $50,000,000 in non-crypto assets", he noted.

## How to buy FTM with a CEX

If you are interested in this project, the easiest way to buy FTM is from a centralized cryptocurrency exchange. As a prominent high-performance, scalable, EVM-compatible, and secure smart-contract platform, FTM is available on several major exchanges such as Binance, Crypto.com, KuCoin, OKX, Bybit, Bitfinex, Huobi, Gate.io, Kraken, Bitstamp, and Gemini.

## Create an Account

Once you decide which crypto exchange you want to use, based on factors like low fees, ease of use, crypto selection, and customer support, register on the platform.

To create an account on an exchange, your email address and identity will need to be verified. For this, you must provide personal information such as full name, residential address, date of birth, photo ID, and identification documents. Make sure you activate 2FA once your identity verification is complete.

## Make a Deposit

Once verified, you can deposit funds to your account using the payment method that best suits you. Debit cards, credit cards, PayPal, wire transfers, and online banking payments are widely accepted at many exchanges.

To fund your account, tap "Deposit Funds", enter your desired amount, and click "Deposit".

## Buy FTM

On the exchange, search for FTM, enter the amount you want to purchase, and click on the buy button. You'll find the tokens in your exchange wallet right after that. You can now withdraw your FTM tokens to your personal wallet.

## How to buy FTM with a DEX

If you don't want to go through KYC or want to use a decentralized exchange (DEX), FTM is also available on DEXs like Uniswap, Babyswap, Sushiswap, and Apeswap.

## Download a Wallet

For this, you must first get a wallet like MetaMask, Coinbase Wallet, or Trust Wallet, which supports several assets and blockchains.
Next, you must set it up by choosing a username and password. 

However, remember to save the recovery phrase of 12 random words you will get while creating a new self-custody wallet. This is the key to your crypto, as anyone with your recovery phrase has access to your crypto. Keep it safe and protected, and do not share it with anyone.

Once done, fund it with crypto, which you can buy directly within the wallet or transfer from an exchange or another wallet.

## Swap tokens to get FTM

Now go to the DEX of your choice and click "Connect to a Wallet". There, select the wallet you want to connect to. Once connected, use the swap feature, which is generally available on the main page.

Once there, click on the crypto asset icon you have and want to swap from, such as [USDT](/coins/usdt) or [ETH](/coins/eth), enter the number of tokens you wish to swap, and select the token you want to swap for, which is FTM in this case. Finally, click on the swap button.

You'll be asked to approve the transaction. Remember to leave enough tokens to cover transaction fees. Once you have confirmed the transaction in your wallet, you'll have FTM tokens in your wallet.

After you have bought your crypto, you can either hold it in your exchange account or software wallet or store it in your personal hardware crypto wallet. It is recommended to move your funds to a wallet that you control. Only keep funds on an exchange that you can afford to lose.

When you are ready to trade or sell your cryptocurrency, you can send it to the exchange from your wallet. This is much safer than leaving it on the exchange, giving you more control over your funds.


green image of fantom logo and ghosts having a party

How to Buy FTM Easily

Synthetix (SNX) is a cryptocurrency that allows users to trade synthetic assets on the Ethereum blockchain. Synthetic assets are digital assets backed by real-world assets, such as gold. Later, we'll discuss how to buy SNX, but first a bit of history.

Kain Warwick founded Synthetix, which was originally named Havven. The project raised $30 billion in 2018 through an ICO, and the same year, its name was changed to Synthetix in line with its broader objectives.

The Synthetix network is powered by SNX tokens. When token holders stake their SNX tokens using Mintr, they earn weekly rewards.

With a market cap of $445 million, SNX is trading at $2.46, up by 4.55%. The tokens all-time high of $28.50 was hit about two years ago in February 2021, according to [CoinGecko](https://www.coingecko.com/en/coins/synthetix-network-token).

If you're looking to buy this digital asset, you have to perform the following procedure.

## How to Buy SNX on a CEX

The easiest way to buy Synthetix (SNX) is on CEXs such as Binance, Coinbase, Kraken, Bistamp, Gemini, Kucoin, Huobi, Crypto.com, and others.

## Create an Account

Once you have chosen a cryptocurrency exchange to buy SNX on, you must register with a valid email or mobile number. The platform will send a link to your address to verify your account. Once the account is activated, you have to create a strong password.

Usually, most CEXs have strict KYC and AML requirements. This means you must now provide personal information such as name, address, date of birth, and ID document to get verified. You may even have to undergo video verification to finalize the verification process. It's recommended to activate 2FA once your identity verification is complete.

## Fund Your Account

In the next step, you have to deposit funds in your account. Just tap "Deposit Funds", enter your desired amount, and click "Deposit".

Many crypto exchanges support fiat currencies like US dollar and Euro. Choose the deposit method of choice, such as a bank transfer, wire transfer, credit card or debit card, electronic wallet, PayPal, and the currency you want to deposit. You can deposit the local currency from your bank account or credit card or transfer cryptocurrency from another exchange or wallet.

## Buy SNX

The easiest way to purchase SNX is to place a buy order instantly to purchase SNX at a fixed price. Just search for SNX, click "Buy SNX," input the amount you wish to buy, and once confirmed, the SNX tokens will be displayed in your balance.

You can place a limit order, indicating you would like to purchase SNX for a specific price or less. You can set your own price to buy or sell with such an order. Your order gets executed if the market reaches your limit price, and you'll have your SNX tokens in your exchange wallet. But remember, your order will only get executed if the market reaches your limit price.

## How to Buy SNX on a DEX

If you don't want to go through the KYC procedure of a CEX, you can also buy the coin on a decentralized exchange (DEX) like SushiSwap, Uniswap, Bancor, ApeSwap, or EnergiSwap.

## Download a Wallet

First, you must download a digital wallet such as [MetaMask](/news/article/what-is-metamask), Coinbase Wallet, Trust Wallet, and Exodus that allows you to interact with Dapps. These wallets are available for free on the Google Play Store and the App Store.

To use a wallet, you will need first to download the wallet onto your computer/mobile devices, or you can simply use the Chrome extension.

## Fund your Wallet

Once you have downloaded the wallet, create an account, and fund it with cryptocurrency like ETH. You can either buy directly within the wallet or buy the crypto from a centralized exchange and then transfer it to your crypto wallet.

To transfer crypto to your wallet, click on withdraw, provide the required information, including your wallet address and the amount you want to transfer, and then click the withdraw button. Soon, you'll have your ETH in your wallet.

## Connect your Wallet

Now go to a DEX that supports ETH and SNX tokens and your crypto wallet. Once on the platform, click on "Connect a Wallet".

Use Swap to Get SNX

Now use the swap feature by selecting ETH and the number of tokens you want to swap. Then select SNX as the coin you want to get. Once you are done filling in all the information, click on the Swap button. Confirm the transaction, and you'll have SNX tokens in your wallet.

It is wise not to keep your SNX tokens on an exchange. Not only can they get stolen on trading platforms, but you can also lose access to your crypto if the exchange shuts down or goes bankrupt. It's considered a good idea to store your coins in a wallet that you control.


How to Buy SNX

Metaverse, an alternative digitised reality, is rapidly taking shape. According to [research](https://www.precedenceresearch.com/metaverse-market), the global Metaverse market is expected to be worth $1.3 trillion by 2030. No wonder so many are asking how to buy land in Metaverse worlds.

More blockchain projects and brands are exploring it to stay ahead of their competitors.

But, the gaming and tech industries aren't the only ones interested in it. Entertainment, fashion, food, and other industries have also jumped on this bandwagon. Furthermore, Metaverse real estate [investing](/news/article/how-to-invest-in-metaverse) is becoming popular among the masses.

It is the reason virtual land prices are inflating and gaining investors' attention. If you, too, are looking to invest, here's how to buy land in Metaverse worlds!

## Why should I buy land in the Metaverse?

Before we address the “how to [buy land](/news/article/how-to-buy-metaverse-land) in Metaverse" part, think about how it could be beneficial. Here's how a plot in a 3D immersive world could be a rewarding investment!

1.	Sell it for profit
You could invest in Metaverse land to use it as an asset, just like traditional real estate. Once the value of land increases, you can flip it to earn markups. The transactions in the virtual world are secure as they use blockchain technology. So, every transaction is immutable, and you can easily prove it anytime. 

2.	Build on it
Secondly, you can create different things in 3D worlds, such as your [virtual home](/news/article/the-crypto-house) or a business. You can also create gaming experiences or organise live events for others. Users can also make it premium, so people have to pay to become part of it.

3.	Rent it out
Another profitable option is to rent it out. Many platforms allow you to buy a 3D plot and give it for rent. This way, you can generate a stable passive income. 

4.	Metaverse marketing
Another excellent opportunity virtual real estate possesses is a new way of marketing. You can become part of paid marketing campaigns via your lands. This kind of advertising would be less intrusive for customers and allow you to earn your share.

## Five steps to buy land in the Metaverse

We have listed five easy steps to help you purchase a virtual property.

Step 1: Set up a crypto wallet
To enter the Metaverse, the first thing you’ll need is a digital wallet. Choose a trusted one where you can securely keep your assets. Select a wallet compatible with most of the Metaverse platforms. 

Additionally, you should look at the wallet’s asset management ability, liquidity, and range of supported cryptocurrencies. Some ideal choices concerning these requirements are [MetaMask](https://metamask.io/), [Coinbase](https://www.coinbase.com/), and [Trust wallet](https://trustwallet.com/). 

Step 2: Pick a Metaverse platform
Pick a platform where you want to buy your virtual real estate. To select the right one, evaluate the projects based on their popularity, asset value, and use cases. Platforms that are popular among celebrities, brands, and tech companies offer better investment opportunities.

Until now, the Metaverse worlds that have been the most impactful are the [Sandbox](/news/article/sandbox-games) and [Decentraland](/news/article/decentraland-price-prediction-2025). However, more projects are being introduced as technology evolves. You can find a few new platforms later in this article. 

Step 3: Purchase the platform’s crypto
Once you have sorted out which 3D immersive world would be best for you, consider buying its crypto. Since plots in virtual worlds are sold as NFTs (non-fungible tokens), [Ethereum](/coins/eth) is the most common crypto to acquire. Other than that, the choice of platform will determine [which crypto coins](/news/article/metaverse-crypto-coins) you need in your e-wallet. 

For instance, to buy land in Decentraland, you must have MANA tokens. Similarly, for Sandbox, you would need SAND tokens. 

Step 4: Choose your land
The next step is to decide which plot would be appropriate for you. Here, three things are important to consider:

•	Location.

•	Size.

•	Your purpose for buying the plot.

Firstly, check out whether the locality is populated or not. If yes, see who owns the surrounding land and whether there is a presence of brands. These things will determine the future value of the real estate.

Secondly, check its size to know what you can build on it. This will allow you to evaluate whether it’s overpriced.

Most importantly, consider what you want to do with the piece of 3D land. It could be flipping it as an asset or renting it to generate passive income. You can also create experiences for people. So, choose according to your purpose. 

Step 5: Buying the land
Once everything is sorted out, you can move ahead with buying the land. The following two options may help you further in making an informed decision.

Option 1:
One way to do it is to integrate your e-wallet with the Metaverse platform you selected. Download the crypto wallet’s extension and set it up on your browser. Then go to the Metaverse’s website and create an account there. 

It will ask you to select one of its compatible wallets. Choose your wallet and go ahead with account creation. Now, directly go to the platform’s marketplace and buy the chosen land after checking its price.

Option 2:
Another easy way around it is to look for your desired plot on the NFT marketplaces. Since [virtual real estate](/news/article/nft-land) is NFT, you can find them on any top-rated marketplaces like [OpenSea](https://opensea.io/). Sandbox and Decentraland's NFTs are listed on OpenSea, and you can buy them through Ether. 

## Best Metaverses to buy a digital real estate

Here are some popular Metaverses to buy digital real estate from:

1.	[The Sandbox](https://www.sandbox.game/en/) is a P2E game that introduces you to a highly developed 3D world. Celebrities like Snoop Dogg, Paris Hilton, and Justin Bieber have already invested in it. 

2.	[Decentraland](https://decentraland.org/) is the second most popular name. It uses MANA tokens and has the most expensive land.

3.	[CryptoVoxel](https://www.voxels.com/) is a small project but has all the features of virtual worlds. You can find plots at cheap rates here.

4.	[Treeverse](https://www.treeverse.net/) is an MMORPG that provides realistic gaming experiences in the digital world.

5.	[Pax World](https://pax.world/) is another name that recently became popular as [Prince Harry and Meghan Markle](/news/article/harry-and-meghan-news-metaverse) decided to join it. It creates experiences through which people can socialise virtually.

## Final thoughts

We are gradually moving towards a virtual world imagined in sci-fi movies. Many platforms are now taking shape, allowing you to own real estate virtually. Therefore, we laid out the step-by-step process on how to buy land in Metaverse worlds. By following it, you can become the owner of a virtual land and generate profit through it.


"Rent or Buy" sign planted in metaverse digital landscape. 

How to Buy Land in Metaverse Worlds

Ever since 2017, DAI has been adopted and widely used because of its non-volatile characteristic. The belief is that certain cryptocurrencies will gain enough traction to be globally adopted and used for trading, enhancing the global finance ecosystem. But how do you convert DAI to GBP stablecoin?

## DAI

DAI is a decentralized cryptocurrency, specifically, a stablecoin. 

Stablecoins are crypto versions of traditional currencies like the US dollar (USD) that solve the volatility query with many cryptocurrencies. DAI is pegged to USD and maintains a 1:1 ratio against USD.

DAI is built on the Ethereum blockchain-based application. You can receive, store, and or transfer it to anyone despite their location without the need for an intermediary. Unlike other cryptocurrencies, it does have a central authority controlling its supply in circulation.

To get value, DAI relies entirely on demand. When you deposit ETH or any alternative ERC-20 token into the market as collateral, DAI is created and provided to you at a collateral loan ratio of 66%. This criterion increases the overall supply and acts as a prime value source.

Use cases for DAI include a secure store for value, a stable payment method, and a reliable tool for minimizing risk among crypto traders. You can also get access to loans without the need for approval from creditors.

## GBP stablecoin

GBP is a stablecoin backed by the sterling pound with an alternative market name of "pound token". You can redeem GBP one-for-one with the sterling pound.

While the initial launch was [Ethereum](/coins/eth) blockchain-based, the developmental team, Blackfridge, has plans to bridge other networks. You can buy and or sell GBP on Gate.io, Bittrex, and Uniswap.

The key reason behind this project was to provide a seamless way to convert fiat GBP to cryptocurrency without delay. Other use cases are a rigid value store and smooth exchange for value. The pound token goal is to provide stability and boost the stablecoin market confidence through strict regulation and frequent comprehensive audits. It aims to be the benchmark for other stablecoins.

## Converting DAI to GBP

To convert DAI to GBP, you need a wallet for storing your crypto. If you are a beginner, I would recommend opening an account at [Binance](https://www.binance.com/en).

Navigate to the buy/sell crypto tab and click on buy. Once you click on "buy crypto", the available payment options in your country will pop up. Key in DAI, pick your preferred payment means and enter your credentials. Press enter to confirm your order. Go back to your wallet and check your balance. It should reflect the purchased amounts.

Now go to [Binance Convert](https://www.binance.com/en/convert), found at the top left corner under the "Trade" section. On the 'convert' page, select DAI, and the desired token, GBP. Preview the conversion rate through the convert button. 

You can refresh every five seconds to get a new rate, perhaps a better one. Click on convert and GBP will be available in your wallet in less than a second. Ensure you follow these instructions to get the best conversion rates for DAI to GBP.



Green image of pile of GBP coins with DAI crypto coin in centre of the pile

DAI to GBP Stablecoin Conversion

Over the last decade, the popularity of cryptocurrencies has grown. Increased interest in the nascent asset class has led to new exchanges popping up, making it easier to purchase crypto. But how do you buy crypto with Amex?

Payment options to purchase cryptocurrencies have expanded. Methods like bank transfers, cash, debit, and credit cards have grown in acceptance.

Despite this, major credit card issuers in the US, like TD Bank, Capital One, and PNC Bank, have blocked crypto transactions. They claim that they're risky assets for their customers. Other financial service providers, like American Express, have maintained support for buying crypto through their credit cards. This is not without caveats, however.

## The American Express Crypto Broker

American Express has maintained a cordial relationship with crypto. It allows customers to deposit money using their Amex card to fund their crypto account. This means that American Express provides the services of a broker that acts as a middleman, allowing you to execute trades while charging small fees.

It is simple to purchase cryptocurrencies on the market with credit cards that permit the transaction. According to a [LendEDU poll](https://lendedu.com/blog/bitcoin-and-credit-cards/), 18.15% of Bitcoin investors claim to have funded their accounts with credit cards.

However, you must find a third-party cryptocurrency exchange that accepts American Express if you want to purchase Bitcoin and other cryptocurrencies using it. First, open an account and then fund it with a credit card.

## What you must know before you buy crypto with Amex

### Brief History

The headquarters of American Express is located in New York City's Three World Financial Center. The company was established in 1850 in Buffalo, New York, as an express mail service. Later, it expanded its offerings to include credit cards, traveller's checks, and money orders. More than 130 countries are served by American Express.

American Express is governed by state banking regulations in the United States and has a license from the US Department of Treasury Financial Crimes Enforcement Network to operate as a money transmitter. American Express is also a Federal Deposit Insurance Corporation (FDIC) member.

### What to know

Credit card issuers are generally still wary of crypto. Hence, there are caveats surrounding Amex's facilitation of crypto purchases.

First, most exchanges limit large purchases of crypto assets when using a credit card. This is to protect users from possible fraud and not allow them to max out their credit cards by funding their account.

Amex limits users to $200 worth of Bitcoin daily and up to $1,000 per month.

Second, credit cards like Amex also offer an additional level of security that other modes of payment don't provide. 

Safeguards like [fraud protection](/news/article/crypto-scam) and the ability to call and reverse purchases help customers secure their funds.

Third, the cost of purchasing crypto with credit cards differs from exchange to exchange. You will pay a transaction fee of 3.5% of your purchase plus $0.15 when using 247Exchange. When you consider that Coinbase charges 3.99% and Coinmama comes in at almost 6%, this is one of the lesser fees. However, CEX.io only charges 0.2%, but using the exchange requires a time-consuming verification process.

American Express transaction fees might be as high as 4%. When you buy crypto with Amex, it may result in a higher fee because American Express charges merchants a larger fee than other payment processors.
An annual fee can be associated with your card, depending on which Amex card you choose. Amex can also charge you for currency conversion fees, returned payments, and late payments.

Furthermore, before deciding to buy crypto with Amex, potential customers should consider the speed, ease of use, and reputation of the intended exchanges.

## Where can you buy crypto with Amex?

All major exchanges accept credit cards as a payment method for crypto. Here are some exchanges to consider:

1.	Paxful: 
Paxful allows users to trade crypto directly with one another. It's an open marketplace where users can quickly buy the crypto of their choice with less hassle. Amex works [seamlessly](https://paxful.com/buy-bitcoin/american-express-card/?paymentMethod=american-express-card&countryIso=NG&hasScroll=true) on the platform.

2.	CEX.io: 
This crypto exchange is one of the pioneer exchanges in the market. It dates back to 2013, when it was established in London. It supports virtually all countries around the globe.
It's registered with [FinCEN](https://en.wikipedia.org/wiki/Financial_Crimes_Enforcement_Network) in the US. In the UK, it's listed as a Money Service Business. The exchange says it's never lost user funds.

3.	eToro: 
This company was established in 2008 as a social trading platform. It caters to CFDs, stocks, indices, currencies, commodities, and cryptos.

Amex is an accepted broker on the platform.

## How to buy crypto with Amex

1.	Choose your preferred exchange: 
The first step is to look for an exchange that allows you to buy crypto with American Express. Though Amex is not as widely accepted as Visa and MasterCard, all the exchanges listed above accept Amex.

Also, confirm the processing fees, trading fees, and withdrawal fees.

2.	Registration and KYC: 
Once you've been able to choose a preferred exchange, you have to set up your account.
Hit the sign-up button and provide any personal information required. Regulated platforms will ask for complete KYC, including a photo ID.

3.	Deposit funds: 
Once you're done with registration, select the "deposit funds" option. Enter your deposit amount, then choose "credit card" as your preferred payment method. Enter the Amex card details required to connect your card. Then make a deposit.

4.	Buy crypto: 
When your deposit reflects on the exchange, you can begin purchasing the crypto of your choice.

## Bottom Line

The pros of using the Amex credit card to buy crypto cannot be overstated. Users enjoy fast processing of their deposits and industry-standard fraud protection.

Though Amex is plagued by high transaction fees and a limited purchase size, its crypto-friendly stance has made it a more widely accepted method of payment on crypto exchanges.


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