For most people, the crypto subject feels cryptic, if not occult, with only a few with technological superpower minds claiming perfect knowledge. While getting overwhelmed by the peculiar new coins emerging, jargon and terminology is easy, the crypto sphere doesn’t have to be perplexing and overpowering. If you’re unwilling or able to take a crypto course or online tutorial, this article describes the best books on cryptocurrency by experts on the subject you can opt for. 

## Best books on cryptocurrency a source of invaluable insight   

Cryptocurrency, the new kid on the block in the rapidly evolving world of finance, has revolutionized the world’s approach to money and payments. As the industry continues to grow and more people pour into the crypto sphere, getting essential knowledge is necessary. Whether a seasoned trader, a complete greenhorn, or curious about digital assets, you can stay ahead of the knowledge curve by reading the most reliable and up-to-date books. 

From practical investment and trading strategies to in-depth technical analysis, the best books on cryptocurrency are a source of invaluable insight into the world of digital assets. These books provide the knowledge and confidence needed to expand your understanding of the nascent realm of fintech and the confidence you need to make smart decisions to exploit [emerging opportunities](/news/article/best-crypto-currency-2023). Since there are too many good books, deciding what’s worth your time and resources becomes difficult. We have compiled a list of the best books on cryptocurrency you should read in 2023. 

## The Internet of Money by Andreas Antonopoulos 

Author Andreas Antonopoulos’ book delves into the impact of Bitcoin as a ground-breaking technology and offers a comprehensive analysis of its implication for the world. Besides examining the emerging challenges and opportunities associated with this nascent technology, like faster transactions at lower costs and a more proficient financial system, Antonopoulos offers technical advice on using Bitcoin and other cryptocurrencies. The[ Internet of Money](https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/1537000454) is highly recommended for individuals interested in understanding the bolts and nuts or expert traders wanting to expand their knowledge of cryptocurrencies and their potential implications.         

## The Business Blockchain by William Mougayar  

[The Business Blockchain ](https://www.amazon.com/Business-Blockchain-Practice-Application-Technology-ebook/dp/B01EIGP8HG/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=)by William Mougayar is your go-to mini encyclopedia if you’re interested in [blockchain technology’s](/news/article/blockchain-for-dummies) business applications. The book provides a wide-ranging, eye-opening overview of blockchain and its potential applications in different industries. In addition to outlining the basics of blockchain and digital assets, the author digs deep into other applications, including business, finance, government, healthcare, and more. Mougayar’s book explaining blockchain’s increasing potential to disrupt traditional business models is an ideal read for anyone who’s new in this space or those that are familiar with it but want to sharpen their understanding of the technology.  

## The Basics of Bitcoins and Blockchains by Antony Lewis 

Read “[The Basics of Bitcoins and Blockchain](https://www.amazon.com/Basics-Bitcoins-Blockchains-Introduction-Cryptocurrencies/dp/1633538001)" if you desire an easy-to-understand introduction to the world of digital assets. The author assumes he's writing to people without prior knowledge of the concepts and covers everything from the history of money, blockchains, and the basics of cryptocurrencies, enterprise blockchains, and initial coin offerings (ICOs). The writer further simplifies the fundamental materials by including diagrams and illustrations that help drive every complex point home. This book is a must-have for anyone interested in understanding the intricacies involved in the crypto sphere.  

## The Financial Revolution by Susanne Chishti 

The[ Financial Revolution](https://www.amazon.com/Financial-Revolution-Bitcoin-Blockchain-Democratization-ebook/dp/B08X3R9GRR) dissects the subject of cryptocurrencies and delves especially into areas surrounding digital assets challenging the existing economic order. The book examines the weaknesses of traditional financial systems and demonstrates the potential implication of crypto's disruption. Author Susan Chishti provides a provocative overview of the blockchain space and how it's likely to transform business, finance, and politics. Besides offering important insights regarding the future of money, the writer further outlines potential opportunities and challenges surrounding the blockchain technology space. The book addresses the needs of a broad audience due to its informative and eye-opening approach.

## Early Bird Gets the Bitcoin by Andrew Wagner 

Andrew Wagner has penned the book [Early Bird Gets the Bitcoin](https://www.amazon.com/Early-Bird-Gets-Bitcoin-Everything-ebook/dp/B079DJ778D/ref=sr_1_fkmr0_1?crid=C9YN5AXMT756&keywords=Early+Bird+Gets+The+Bitcoin%3A+The+Ultimate+Guide+to+Everything+About+Bitcoin%22+by+Andrew+Wagner&qid=1671442232&s=books&sprefix=early+bird+gets+the+bitcoin+the+ultimate+guide+to+everything+about+bitcoin+by+andrew+wagner%2Cstripbooks-intl-ship%2C205&sr=1-1-fkmr0) to answer the many emerging questions regarding the potential of blockchain technology even beyond Bitcoin and cryptocurrencies. In addition to addressing the implication of cryptocurrencies for government, finance, business, and healthcare, Wagner's book outlines the potential opportunities people in different fields can take advantage of. The book is a perfect choice for anyone with some knowledge of the subject who wants to deepen their understanding.  

## Cryptocurrency Investing Bible by Alan T. Norman 

The [Cryptocurrency Investing Bible](https://www.amazon.com/Cryptocurrency-Investing-Bible-Blockchain-Cryptocurrencies-ebook/dp/B077BNFVW3) joins our list of the best books on cryptocurrency as it explains the basics of dealing with cryptos using language anyone who has learned to handle their money effectively can understand. Norman dispenses the fundamental and basic guidelines that anyone [investing in cryptocurrencies](/news/article/best-cryptocurrency-to-invest-in) ought to adhere to if their efforts will see the light of day. The book’s message can be significant for newbie investors who want to gain foresight on crypto trading and develop safe trading strategies. The Cryptocurrency Investing Bible is ideal for anyone who spends a lot of time online searching for knowledge on the cryptocurrency industry.   

## An Altcoin Trader’s Handbook by Nik Patel  

In his book [An Altcoin Trader’s Handbook](https://www.amazon.com/Altcoin-Traders-Handbook-Nik-Patel-ebook/dp/B07DK8J5XJ), author Nik Patel explores the history of the crypto sphere and especially the widest Bull Run before non-Bitcoin cryptocurrencies, also known as altcoins, exploded in 2017. While the book hasn't been updated to include some of the latest altcoins, it contains excellent nuggets of wisdom for those wanting to build strategies for trading other digital assets in addition to Bitcoin.    

## The bottom line 

Our comprehensive list of some of the best books on cryptocurrency may be partial, but it contains excellent learning tools that could support your knowledge and investment journey. Each book we mentioned here has its unique way of delivering knowledge on the crypto verse from a slightly different perspective. We recommend that you evaluate each book on its merit and hope they will be a good starting point for your learning curve. 




Best Books on Cryptocurrency to Read in 2023

[Token vs Coin ](https://www.analyticsinsight.net/crypto-coin-vs-crypto-token-understanding-the-difference/)yields millions of results across search engines like Bing and Google due to a demand for answers on the real differences between two terms, mostly used interchangeably. 

Why are certain digital assets referred to as coins, and why do some have tokens attached to them on crypto-tracking websites such as [CoinMarketCap](/news/article/coin-marketcap-analysis) and others?  

Below, we examine what they are, their differences, and examples that will help you categorize numerous cryptocurrencies you have been coming across on crypto news portals and exchanges. 

## Token vs Coin: What does coin mean? 

To explain the terms, let us understand that the two exist and came into being through the power of blockchain technology.  

Coins are primarily cryptocurrencies that are native to a particular blockchain. They are exclusive to a particular chain and cannot be used on other blockchains due to a lack of interoperability.  

They have several use cases, including serving as a store of value, exchange medium, and unit of account. 

You may have come across a term called mining. This is the process by which coins are produced. Mining allows computers relying on application-specified integrated circuits (ASICs) to solve complex math puzzles, which helps validate transactions to create coins. 

Miners are rewarded with newly minted coins, and their contributions are highly invaluable to the decentralization and security of a network. 

On having a decentralized feature, no intermediaries (central banks, clearinghouses, or insurance companies) are in charge of the coin's circulation. Instead, they are governed by their protocol's rules and the project's community's consensus. 

With this, users enjoy privacy and freedom over their funds and transactions – something many, like Satoshi Nakamoto (creator of [BTC](/news/article/how-to-invest-in-bitcoin-uk)), felt centralized financial institutions have taken away from people. 

On security, to prevent cybercriminals from engaging in unscrupulous activities using virtual currencies in fraud, censorship, and hacking, cryptography and encryption are used to protect coins.  

This way, users do not need to entrust the safety and authenticity of their coins to third parties.  

The last and most recognizable feature of coins is scarcity. Digital coins were created to challenge the status quo (fiat currency system), so they must possess all the attributes of currency money. 

Predetermined by their respective algorithms, most coins have a total and maximum supply, which positively reflects their value over time. 

With this in mind, you should know that four types of coins categorize the assets you have been reading about or trading online. They are native, forked, wrapped, and stable.  

Native coins run on independent blockchains and oversee all the activities of that particular network. Great examples are Bitcoin (BTC), Litecoin ([LTC](/news/article/litecoin-predictions)), Dash (DASH), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Dogecoin ([DOGE](/news/article/dogecoin-twitter-doge-payments)), among others. 

Stablecoins are pegged to the value of fiat currencies (USD, EUR, and GBP), commodities (gold, silver), and other cryptocurrencies. Examples are [USDC, USDT](/news/article/usdc-vs-usdt), BUSD, and DAI.  

Wrapped coins represent different assets on different blockchains. This was introduced to allow liquidity and cross-chain functionality for users. Wrapped Ether ([WETH](https://www.forbes.com/advisor/investing/cryptocurrency/wrapped-ethereum-weth/)) and Wrapped Bitcoin (WBTC) are examples.  

Ethereum Classic (ETC), Bitcoin Satoshi Version (BSV), Ethereum Proof-of-Work (ETHPoW), and Bitcoin Cash (BCH) are examples of Forked Coins – they were derived from their originally existing chains.  

    
## Token vs Coin: What does token mean? 

Unlike coins, tokens are housed in existing blockchains and rely on the possibilities of the technology for their operations.  

While coins are mined, tokens are pre-mined, and this means that the development team behind a protocol employs smart contracts to issue and distribute new tokens to their users.  

With the explanation of tokens in mind, you should know that there are four types; utility, governance, security, and non-fungible. Non-fungible tokens ([NFTs](https://trading-education.com/what-are-nfts-non-fungible-tokens-explained)) represent indivisible, indestructible, verifiable, and non-interoperable digital items such as collectables and art. Many popular NFTs are issued through Ethereum, including the [Bored Ape Yacht Club](/news/article/bored-ape-whale-buys-69-degods-nft), Axie Infinity, Otherdeeds from the Otherside Metaverse, NBA Top Shots, and Azuki.  

Utility tokens help users access functions and services on a blockchain or decentralized application (DApp). Examples include Uniswap ([UNI](/news/article/uniswap-ledger-connect-guide)). Governance tokens confer something like voting rights to users where they have a say in the governance of a particular DApp or chain. Compound (COMP), Aave (AAVE), and Maker (MKR) are examples of governance tokens. 

The last are security tokens, representing a share of ownership or claim on an income stream or asset. Polymath (POLY) is part of security tokens and, unlike the others, is subject to third-party influence such as regulation and compliance. 


Token vs Coin: What is the Difference?

Everyone loves free crypto, but when acquiring it, you must practise caution and conduct detailed research before exploring the free crypto sector. Here, we have compiled a comprehensive list of legitimate ways to earn free crypto. 

## Nine ways to earn free crypto 

### 1.    Airdrops 

Airdrops are a convenient method of obtaining free crypto coins, similar to a giveaway. New crypto projects utilise it to generate interest and promote the adoption of a new [cryptocurrency](/news/article/crypto-investing-for-beginners-uk) token before its official launch. Participants who express interest in the process receive free cryptocurrency as a reward. 

In the past, crypto projects like Uniswap and Ethereum Naming Service (ENS) have utilised airdrops to reward early users and involve them in future governance decisions of the protocol. 

### 2.    Play-to-earn games 

[Play-to-earn gaming](/news/article/free-play-to-earn-games) has emerged as a prominent sector within the crypto industry, experiencing substantial growth. Various games are available, with new ones continuously being developed. These include action-packed fighting, shooting, racing games, immersive RPGs, and captivating card-trading games. 

These games allow players to earn rewards within their respective ecosystems by completing various tasks, missions, and objectives. 

Moreover, many of these games have created expansive Metaverse worlds that enable players to construct and monetise virtual plots of land. Within these Metaverses, players can engage in activities such as resource mining, selling buildings, or even selling tickets to real crypto-based events. 

### 3.    Crypto staking 

[Crypto staking](/news/article/kda-staking-earning-kadena-rewards) involves holding or storing a cryptocurrency for an extended period to earn interest. This process is commonly carried out within a staking pool using the proof of stake consensus mechanism. By [staking](/news/article/what-is-staking-crypto) cryptocurrency, users can earn a consistent percentage of returns, particularly if they hold it for a considerable duration. 

There are two primary methods for participating in staking. The first approach involves directly depositing funds into the blockchain while eliminating the need for a third-party intermediary. However, the rewards obtained through this method tend to be relatively lower. 

Alternatively, a more favourable option is to utilise a staking service provided by a regulated broker. This choice offers greater benefits and security for staking cryptocurrency. 

### 4.    Crypto bounty 

Bug bounties are commonly utilised by cryptocurrency initiatives and exchanges to encourage software developers and security researchers to identify vulnerabilities within their programs. These bounties often come in the form of cryptocurrency rewards, the value of which varies based on the severity of the identified issue. The reward can range anywhere from a few hundred to tens of thousands of dollars. 

### 5.    Reddit 

Commenting on Reddit can be a smart move to earn free cryptocurrency. Users can acquire cryptocurrency by actively participating in discussions with fellow community members on the platform. 

Certain subreddits, such as r/CryptoCurrency, offer the opportunity to earn cryptocurrency rewards for users who receive upvotes on their posts and comments. 

### 6.    Yield farming 

[Yield farming](/news/article/yield-farming-crypto) involves stacking multiple decentralised finance (DeFi) protocols to maximise the obtained rewards. While some investors employ their distinct strategies, some opt for yield farming protocols to handle the laborious tasks on their behalf. Users can effortlessly earn free cryptocurrency by depositing their assets into a specific DeFi protocol. 

### 7.    Brave browser 

Consider switching from current browsers, such as Chrome, Firefox, Safari, or even Internet Explorer, to the Brave browser. 

Brave offers a browsing experience prioritising security and privacy, sparing users from constant ad bombardment. It is among the most popular browsers for crypto investors and has 50 million active users. 

Unlike mainstream browsers that collect user data for targeted advertising, Brave has introduced the innovative Brave Reward program. Users can earn free cryptocurrency in the form of BAT (Basic Attention Tokens), receiving 70% of the ad revenue by viewing ads. 

### 8.    Promotion and Welcome Bonuses on crypto exchanges 

Some cryptocurrency platforms and exchanges offer a sign-up or welcome bonus, rewarding individuals who register on their sites and fulfil the required verification procedures. 

However, it's important to note that some exchanges don't give immediate sign-up bonuses after creating an account. For example, Coinbase requires users to purchase crypto to claim the bonus. 

Additionally, exchanges run referral programs that let users earn free crypto by referring people to their platform. 

For example, with the Trezor referral program, users can earn up to 12%-15% in commission for each referral. Coinbase offers 50% of the referees' trading fees for the first three months after they create a Coinbase account. 

##   9.    Faucets 

Faucets are platforms that allow individuals to acquire small amounts of cryptocurrency by engaging in simple tasks such as viewing advertisements, completing a survey, playing mobile games, or solving captchas. 

These platforms serve as a convenient starting point for individuals who wish to earn crypto coins without requiring investments or specialised skills. Some notable examples of cryptocurrency faucets include [FreeBitcoin](https://freebitco.in/signup/?op=s), [Moon Bitcoin](https://www.moonbitcoin.cloud/), and [Satoshi Quiz](https://www.satoshiquiz.com/). 

Pile of cryptocurrencies including bitcoin, ethereum , ripple and more on a table

Nine ways to earn free crypto 

With the current surge in the popularity of cryptocurrencies, managing a diverse crypto portfolio has become increasingly challenging for investors. However, crypto portfolio trackers such as CoinStats offer a solution. 

It provides a user-friendly platform that simplifies monitoring various cryptocurrencies available in the market. This tool particularly benefits investors primarily focusing on Ethereum and DeFi sectors. 

Unlike other prominent crypto portfolio trackers, the platform lets users seamlessly sync their MetaMask, Ledger, or other Ethereum-compatible wallets directly with the portfolio tracker. This integration feature allows users to conveniently keep track of all their investments within the Ethereum ecosystem from a single centralised platform. 

## How to get started with CoinStats 

To begin using [CoinStats](https://coinstats.app/), the first step is registering for an account. Upon registration, there is an option to choose the free plan, which provides numerous complimentary features. However, it offers two premium plans for optimal platform utilisation: CoinStats Pro and CoinStats Premium. 

The Pro plan is priced at $3.49 per month, enabling users to connect effortlessly to ten cryptocurrency exchanges and ten distinct crypto wallets. Additionally, users are granted the ability to track up to 1,000 transactions each month. It also offers valuable insights such as proprietary reviews and analysis, empowering users with comprehensive information. 

For more advanced features, users can choose the Premium plan that offers unlimited connectivity to various exchanges and wallets, eliminating any restrictions. With the Premium feature, users can monitor up to 100,000 monthly transactions. In addition to market insights, subscribers benefit from the assistance of personal account managers, who provide valuable guidance and support in managing their crypto portfolios. 

The platform also provides Android and iOS apps, ensuring accessibility via mobile devices. Users can track their crypto portfolio via just one tap on the go. 

Once users have successfully created an account and synchronised it with crypto wallets and exchanges, they can gain access to various tools. These include transaction analytics, facilitating detailed analysis of crypto transactions, fast trading capabilities, and instant notifications. Additionally, CoinStats keeps its users updated with the latest news, a valuable resource for traders seeking insights into market movements. 

Furthermore, the platform offers its crypto wallet, the CoinStats Wallets. This dedicated wallet enables users to leverage numerous decentralised finance (DeFi) features, including staking. 

## Exchange supported 

The platform offers support for a smaller range of crypto exchanges when compared to its competitors, such as [Blockfolio](https://www.cryptovantage.com/best-crypto-portfolio-trackers/blockfolio-review/). It currently supports Binance, Bitfinex, BitMax, BitMEX, [Bitso](/news/article/what-is-bitso), Bitstamp, Bittrex, CEX.io, Coinbase, FTX (with native support), Gemini, HitBTC, [Huobi](/news/article/huobi-global-explained), IDEX, Liquid, Kraken, Kucoin, and Poloniex. 

## Bottom line 

CoinStats has established a strong reputation within the Ethereum ecosystem, positioning itself as one of the top choices for[ crypto investors](/news/article/crypto-investing-for-beginners-uk) interested in ERC-20 tokens. 

The platform distinguishes itself by significantly emphasising the Ethereum ecosystem, unlike many competitors, who adopt a more generalised approach. 

It allows users to seamlessly integrate any Ethereum wallet into their account, enabling them to engage in trading or investment activities involving various ERC-20 tokens. 

Furthermore, it allows any crypto trading, specifically if it touches on Ethereum or Ethereum-based DApps. In addition, it provides market insights and analysis, allowing users to make better informed investment decisions within the crypto space. 

Coinstats logo on yellow image of person counting money

CoinStats - The Crypto Portfolio Tracker

A cryptocurrency exchange, also known as a DCE or digital currency exchange, is a company that enables customers to trade cryptocurrencies or digital currencies for various assets, including regular fiat money or other digital currencies. 

They accept different payment types, like credit cards, wire transfers, or other methods, in exchange for digital currencies or cryptocurrencies. A cryptocurrency exchange can earn money in two ways: by taking a commission from the difference in buying and selling prices (bid-ask spreads) or by charging transaction fees. 

## The operational mechanism of a cryptocurrency exchange 

When registering an account with a cryptocurrency exchange, you gain the ability to engage in buying and selling various cryptocurrencies such as [Bitcoin](/news/article/marathon-digital-sustainable-mining) (BTC), [Ether](news/article/polygon-matic-news) (ETH), [Litecoin ](/news/article/forked-bitcoin-ordinals-brought-to-litecoin)(LTC), [Polkadot ](/news/article/forked-bitcoin-ordinals-brought-to-litecoin)(DOT), [Dogecoin](/news/article/dogecoin-twitter-doge-payments) (DOGE), and more. The exchange you choose will determine whether you can purchase cryptocurrencies using fiat currencies like the US dollar or engage in crypto-to-crypto trading. 

Typically, larger and more established trades offer a wider selection of cryptocurrencies. Nonetheless, verifying the availability of your desired crypto before creating an account is advisable. 

You can use conventional fiat currency on a cryptocurrency exchange to purchase or conduct trades between cryptocurrencies. You may have the flexibility to convert your crypto into regular currency, hold it in your account for future trading purposes, or withdraw it as cash. The specific services provided can vary based on your exchange or application. For instance, some platforms may not permit the transfer of your crypto to an external crypto wallet. 

## Top seven factors in assessing a cryptocurrency exchange 

### 1. Jurisdiction 

Check if the cryptocurrency exchange you want to use is available in your state or country. If not, you cannot utilise that particular exchange due to various restrictions and regulations. 

### 2. Liquidity 

To trade effectively, traders need liquidity, meaning having many orders on exchange each day. Liquidity becomes particularly crucial during periods of high market volatility, which is common in the cryptocurrency markets. Insufficient liquidity can exacerbate volatility and result in rapid price fluctuations. 

### 3. Asset Preference 

Cryptocurrencies with larger market capitalisations will likely be listed and traded on well-established exchanges. However, investors interested in acquiring rarer or less popular coins may need to explore smaller exchanges. Having a wishlist of desired coins and conducting thorough research to identify the available options is advisable, as this may require additional effort and investigation. 

### 4. Technology Infrastructure 

Developers design matching engines that connect buyers and sellers to facilitate a seamless ordering process for exchange users. A robust matching engine enables exchanges to match orders efficiently, even during high trading volume and market volatility. 

A well-performing matching engine is an essential element of the infrastructure for exchanges to introduce new trading pairs and order types, enhancing their ability to serve consumers effectively. 

### 5. Trading Fees 

When purchasing cryptocurrencies, fees can often be overlooked as an additional cost. Exchanges generate revenue by imposing fees on most or all transactions. It is very important to understand the fees associated with any cryptocurrency trade fully. 

Just as ETH serves as the native token for the Ethereum blockchain, many exchanges have their own native "exchange tokens". The exchanges create these tokens and they are commonly utilised to charge holders with reduced trading fees. 

### 6. Insurance 

Several exchanges offer partial or full user fund insurance. Investors who don't like entrusting their money to a corporation they don't know may find this a compelling selling factor. If something disastrous occurs, an exchange that offers insurance could protect investors from damages (like a hack or employee theft). 

### 7. Transparency 

Transparency in [cryptocurrency exchanges](/news/article/bit2me-platform-explained) means being open about fees, trade execution, transaction times, legal frameworks, and security measures. If a platform avoids addressing certain aspects or seems elusive, it may indicate a lack of honesty and raise concerns. To protect yourself from fraud and hacks in the cryptocurrency industry, make transparency a top priority when making investment decisions. 

## Types of crypto exchange 

### 1. Centralised Exchange (CEX) 

Centralised cryptocurrency exchanges often employ a third-party intermediary like a brokerage to facilitate transactions and ensure proper execution. Even though cryptocurrencies are decentralised and not regulated by a central authority, centralised exchanges make it easy to buy cryptocurrencies with regular currency. 

However, the centralised ones, held and operated by a single entity, can be more susceptible to attacks or security breaches than decentralised alternatives. 

### 2. Decentralised Exchanges (DEX) 

This distribution concept is revolutionising various conventional financial services and redefining them. It's a type of digital currency trade that allows users to sell and buy crypto in a peer-to-peer manner without the involvement of an intermediary. 

Decentralisation is a core principle of blockchain and the cryptocurrency ecosystem. It aims to shift authority away from centralised powers and grant more control to individual users. This distribution concept is revolutionising various conventional financial services and redefining their operations. 

### 3. Hybrid Cryptocurrency Exchanges 

Hybrid cryptocurrency exchanges blend the convenience of centralised exchanges with the security and freedom of a dispersed exchange. Hybrid exchanges are less common than centralised exchanges, but they could meet the needs of users and crypto enthusiasts. 

Person using cryptocurrency exchange app on their phone. Their desk has crypto coins and a macbook on it.

What is a Cryptocurrency Exchange?

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 

Studying from a textbook and successfully grasping an abstract concept existing on the page is a tall order for most people. Concentrating and maintaining interest amid surrounding distractions is easier said than done. This article explores how immersive learning technologies that integrate Artificial Intelligence (AI), [Augmented Reality](/news/article/augmented-reality-tokens-explained) (AR), and [Virtual Reality ](/news/article/metaverse-vr-project-guide)(VR) are creating new learning experiences that can engage learners better and help them comprehend and retain knowledge better. 

## Beyond video games and virtual chat rooms 

You will likely have heard the term "metaverse", a buzzword in the tech industry that's heard investors and gamers scrambling to benefit from its potential. 

The metaverse has been popularized for significantly impacting the digital world, especially in commerce and entertainment. However, beyond the world of video games and virtual chat rooms, technology has the potential to revolutionize education in ways no one could have ever imagined. 

Metaverse learning leverages the power of augmented reality and virtual reality to “transport” teachers and students to virtual classrooms to unlock boundless immersive learning possibilities. The immersive 3D experience aims to close the widening gap in learning abilities in the typical learning environment by offering a more inclusive approach that enables all students to participate in a tailor-made virtual space. Research already shows the potential of immersive technologies in education, offering students and teachers new ways to succeed.   

## Potential benefits of Metaverse learning technologies 

### Enhanced student engagement 

The metaverse avails an immersive virtual experience through applications that make lessons tangible using 3D models of familiar physical-world settings. These experiences enable learning in a way that deepens the lessons in ways that stimulate students to become active participants. This hands-on approach takes the study beyond the brick-and-mortar walls and captivates students' attention while igniting curiosity. 

### Higher real-time experiences 

AR and VR technologies have matured rapidly and have supported applications in parties, concerts, and sporting events allowing attendees to participate from home. 

The metaverse is built on principles like decentralized audience interaction and real-time engagement, which is in sync. This engagement level is moving into educational platforms offering students and teachers a sense of physical engagement, enabling collaboration, and solving real-life problems virtually.  

### Better learning outcomes 

Educators are taking the cue from businesses and gaining on the positive aspects of VR-enabled training. According to a recent [PwC report](https://www.pwc.com/us/en/tech-effect/emerging-tech/virtual-reality-study.html), training via VR and AR can be four times faster, and learners are also four times more focused than when using the typical remote e-learning models. 

Moreover, the study found that VR learners were 275% more confident and emotionally connected to the training content than regular classroom learners. 

### More authentic academic achievements 

Metaverse leverages the full potential of [blockchain technology](/news/article/what-is-blockchain), the cog of the wheel of cryptocurrency systems, and the transparency it provides. Out of its many use cases, blockchain keeps time-stamped records of activities and transactions that cannot be altered. 

When applied to metaverse learning, blockchain will authenticate all certifications, leaving no opportunity for anyone to falsify academic achievements.     

## Conclusion 

Metaverse learning is no longer a pipe dream, and it's already opening new ways to learn and teach. The development of AR and VR technologies and their related applications are bridging an existing gap and creating more opportunities for learners and teachers beyond our imagination. 

purple image of people learning at school with person wearing a Vr headset

Transform Your Experience with Metaverse Learning 

Are you new to the crypto industry and looking to make new connections? UK crypto events could be the key.
Perhaps you're a crypto enthusiast looking for a place to expand your knowledge. Or you could be a crypto veteran looking for a place to hang out with other cryptophiles discussing cryptocurrency.

If you relate to any of the groups above, then crypto events are for you. Like tech events, crypto events are gatherings where other people who love crypto come to learn, hang out, and discuss everything cryptocurrency.
It doesn't matter if you're new to the crypto space and don't know much, there's a place and a benefit for you at these crypto events.

## Why are crypto events important?

If you haven't attended crypto events before. Here are a few things you could be missing out on:

### Networking

Networking is a fancy way of saying that people come to these crypto events to make friends. And isn't it part of the point of these events? Sometimes these friendships could be a source of opportunities down the line. But, even when they aren't, the best part of networking is having a new friend who loves crypto just as much as you do.

### Opportunity to Learn, Unlearn, and Relearn

Most crypto events provide attendees with the opportunity to learn new things and unlearn and relearn outdated information. At each crypto event, the most recent advancements in cryptocurrency are discussed, and attendees contribute their ideas toward solving common crypto problems.

Beginners can learn a lot from attending these events.

### Access to Exciting Opportunities

Crypto events are rife with opportunities if you're looking in the right places. By mingling with people and contributing, your skills and relevance grow, and this could net you an opportunity. You can also meet people with great ideas that you can buy into early. The possibilities are endless at these events.

### Common Ground for Everyone

Although it's been here a while, the crypto industry is still relatively new. Following the recent [growth spurt in 2021](/news/article/2021-cryptocurrency-review), there are many new entrants into the industry trying to understand what the hype is all about.

Crypto events are a good place for everyone, both new and old, to meet and learn.

## How to find crypto events in the UK

There are websites that catalogue all crypto events. [Crypto Events UK](https://cryptoevents.global/blockchain-expo-global-2022/) is one of them. You can find out what crypto events are held in the UK and which ones are close to your location.

They offer information on all big and small crypto events, including workshops, webinars, and conferences. If you're looking for crypto events UK wide to attend, this website can guide you.

Attending events is an important part of the growth of any industry. It's even more critical in nascent industries like the crypto industry. So, head to crypto events UK to get the scoop on all upcoming crypto events.


blue image of crypto event with people sat in lecture hall

Crypto Events UK to Attend

Crypto is a bewildering world. New tokens and projects emerge daily, which makes [spotting the right ones](/news/article/congress-crypto-protection) more difficult. Besides, with new projects, new [crypto scams](/news/article/crypto-hacks-peaking-october) and rug pull incidents are also emerging. This further adds to the difficulties of the investors.

In the notorious rug pull scam, fraudsters portray the project to have a high potential and then vanish after taking investors’ funds. Disguising as a lucrative DeFi or DEX is the most common strategy for this scam. 

Here we have discussed rug pulling with some tips on detecting one to avoid it.

## What does ‘pull the rug’ mean?

The phrase 'pull the rug' literally means to draw out the floor under someone's feet so they fall. But, figuratively, it means leaving someone defenceless by deception.

In finance, it is a common terminology that refers to a company's stocks that promise a lot to gain investment. Then the company shuts down, selling its shares at a high price, leaving investors with valueless shares. 

## Rug pulling in crypto

The same goes for the crypto world too. Here, tricksters use [DeFi projects](/news/article/globex-crypto-scam) to target investors in an organised way. They propose a strong roadmap, alluring investors and pumping up the price of their tokens. Once the token’s price starts gaining momentum, they dump the project, taking all the funds.

Based on its nature, a rug pull can be of three types:

1.	Stealing liquidity.

2.	Limitations on sell orders.

3.	Pumping and dumping.

## Five ways to detect rug pulling schemes

Here's how you can detect one to protect yourself.

1.	Background of project developers
The background of the founding members of a project can reveal a lot about it. That’s why you must check the track record of developers and founding members in the crypto industry. 

The anonymity of the developers often turns out to be a strategy to hide their illegal doings. A similar kind of scam happened with [Wonderland TIME](https://wonderland.money/), where the CFO was a [convicted felon](/news/article/wonderland-time-crypto) who allegedly exited with a rug pull. 

2.	Sell order limits
Another red flag indicating the potential rug pull attempt is the limitation on sales. The scammers write a code that restricts the token holders from selling it. This can be one of the most prominent signs of a scam. That’s why you must diligently review the code before investing.  

3.	Total locked liquidity
Locked liquidity endorses the project’s security. However, when the founders intend to rob the investors, they often do not lock liquidity in smart contracts. It allows them to swindle out all the liquidity from a DeFi. 

Also, checking the project's total value locked (TVL) is advisable. Ideally, the TVL should at least be 80%.

4.	Pumping and shilling
Fake hype for any financial product is one of the easiest ways scammers trick investors. Through paid campaigns on social media, the founding team of a blockchain creates buzz around a cryptocurrency. Though it’s not illegal to advertise a coin, propagating false news about it is unethical. 

After gaining popularity, the criminals dump these projects, leaving investors clueless. That’s why you should avoid investing in shiny-looking tokens. 

5.	No third-party code audits
Third-party code audits are another way of gauging the authenticity of a cryptocurrency. Since developers can easily exploit the code, validation from an external source becomes necessary. Also, an audit from a trusted firm like [Hacken](https://hacken.io/) or [Certick](https://www.certik.com/) is a mandatory procedure to assure the audience about their funds’ security.

However, fraudulent cryptocurrencies often evade third-party audits. Therefore, it is one of the ways to detect a shady token. 

## Bottom line

Rug pull is a prevalent [scamming strategy](/news/article/bitcoin-doubler-scam) in the crypto world. In this, the criminals strategically create false hype for a cryptocurrency to lure investors. They pump its price by generating fake positive news. As its price goes suspiciously high, they pull the rug on investors by taking all the liquidity and shutting the project.

Therefore, it is advisable to know the indicators that allow you to detect rug-pulling ventures. For this, the founders’ background, locked liquidity, advertisement campaigns, and code — require careful research.


Rug Pull: What Is It?

[VeeFriends](https://veefriends.com/) has grown to be one of the largest NFTs in volume and community size since its launch in 2021. The founder, Gary Vaynerchuk, also known as GaryVee, became well-known by investing in start-ups experiencing rapid growth. In 2021, he was among the first people to show interest in the NFT market and the potential of Web3.

GaryVee's project, VeeFriends, was launched in 2021 to unite like-minded NFT collectors and celebrate each collection's unique human traits. It was one of the first promises of IRL utility for an NFT, as it doubles as a VeeCon ticket.

VeeFriends and Vaynerchuk have since grown to other NFT collections, but VeeFriends Series 1 remains the most popular and valuable.

## VeeFriends NFT: What is it?

GaryVee's VeeFriends was founded to build a community around Gary's business and creative passions through NFTs. Now, it is one of the most successful NFT membership use cases.

VeeFriends is the umbrella name for GaryVee's NFT collection, which debuted on Tuesday, 11 May, 2021. The VeeFriends brand includes Mini Drops, Book Games, and a large-scale "Series 2" collection, all of which stem from the initial drop of 10,255 VeeFriends tokens.

Within the first collection, or "Series 1," there is a special set of tokens known as G.O.O. (Gary Originally Owned). GaryVee reserved 1,242 tokens (more than 12% of the supply) for his collection, implying that only 9,013 NFTs were initially available.

Each token in the Series 1 is based on one of 268 characters created by Vaynerchuk as representations of human traits that he admires. Gary Vee's NFTs also provide their owners with a variety of benefits.

## VeeFriends Series 1

Series 1 consists of 10,255 NFTs divided into 268 characters. The collection is divided into three levels: Access (300 NFTs), Gift (555 NFTs), and Admission (9,400 NFTs). Of these, 1,242 NFTs belong to Gary and are labelled Gary Originally Owned (G.O.O.), making them more valuable than others.

All of the NFTs in this collection have human characteristics that Gary admires and believes can bring happiness. The Admission NFTs are classified into five rarities: Core, Rare, Spectacular, Very Rare, and Epic, with Epic being the rarest. 

Like most others, each Admission NFT in this collection has amusing animal names such as Karma Kiwi, Keen Kingfisher, Quick Quail, Zestful Zebra, Confident Cobra, Conviction Cockroach, and so on.

Courtside Cat, Keynote Koala, Poker Pirate, Shadow Me Scorpion, and other names are used for Access NFTs. These Access NFTs are utility NFTs that provide Gary with one-on-one access on various occasions.

This collection is available on [OpenSea](/news/article/nft-hackers-passports) for purchase or acquisition using ETH, WETH, DAI, and USDC. 

## Book Games NFT collection

The Book Games were released in August 2021. The Series 1 collection was minted on [Ethereum](/news/article/the-merge-ethereum-nft-impact) (layer 1), whereas the Book Games is a layer 2 NFT minted on Immutable X (an Ethereum layer 2 chain) to reduce gas fees. The game's scope was inspired by his book "Twelve and a Half," making it a valuable tool in the VeeFriends ecosystem.

He used the game to incentivise his community to buy copies of the book in order to receive NFTs because he linked his book to the ecosystem. This collection, according to Gary, contains 125,000 burnable game tokens, and the game can be played indefinitely.

An airdrop announcement stated that for every 12 books ordered by any user during a one-day promotional period, the buyer would receive one NFT. Gary used this strategy to sell one million copies of the book in less than 100 days.

The Book Games collection is divided into three categories: Attributes, Spectacular, and Token Frame. The Spectacular divisions are the same as in Series 1: Bubble Gum, Diamond, Gold, Hologram, and Lava.

Accountability, Ambition, Conviction, Curiosity, Empathy, Gratitude, Humility, Kind Candor, Kindness, Optimism, Patience, Self-awareness, Tenacity, and Special are the 14 attributes that the book's character may drive.

## Mini Drops 

According to Gary, VeeFriends Mini Drops is a sub-collection of VeeFriends that focuses on collaboration, scarcity, and cultural longevity. It is a limited-edition collection distributed to Series 1 collectors as an airdrop.

## VeeFriends Series 2

Series 2 is a massive collection of 55,555 NFTs derived from Series 1. Series 2 includes 236 characters from Series 1 and 16 new characters, totalling around 252 characters. Except for Gift Goat, each character in Series 2 has a total supply of 220 NFTs, with the exceptional Gift Goat having 555 1/1 NFTs.

Series 2 has 76 backgrounds, nine poses, and eight spectacular characters, compared to Series 1's five and one property (984 G.O.O.). Emerald is the first of these Spectacular characters to be revealed, followed by Bubble Gum, Hologram, Diamond, Lava, Gold, and another yet to be announced.

The opportunity to mint Series 2 at 0.335 ETH plus gas costs was given to community members who already owned Series 1 and Book Games. Holders of Book Games (also known as Friend list) received 32,000 NFTs, and the Series 1 holder received 10,255 NFTs. Each collection was given a specific number of NFTs.

On 18 April, 2022, 10,000 NFTs worth of unminted coins was added to the public supply. The 16 newly added characters, totaling 3,300 NFTs, were minted on 27 April, 2022, after the public minting on 25 April, 2022.

## Bottom line

VeeFriends has become one of the market's most influential and distinctive NFT collections. Gary Vee worked hard to establish his name in the [Web3](/news/article/web3-games) industry by meticulously attaching real-world utilities to his NFT collections.

In addition to the projects mentioned above, Gary hosted a special conference in Minneapolis from 19-22 May 2022. The speakers included well-known individuals like Steve Aoki, Danny Cole, Kevin Smith, and Beeple.

This also gave rise to VeeCon, a different NFT ticket that served as a pass for the event to which community members were already granted access. Except for the Book Games, which can be found on VeeFriends and TokenTrove, all of Gary's collections are accessible on OpenSea. The [NFT](/news/article/prime-ape-planet-nft) collection commands a high premium price, as it is associated with GaryVee.





VeeFriends NFT: A Comprehensive Guide

What is 'market cap in cryptocurrency? [Market](/news/tag/market) cap, or capitalisation, is a crucial metric for evaluating cryptocurrency. It is similar to stocks, where a company's total publicly traded common shares are counted.

However, there is one key difference between digital currencies and stocks. It is the ownership. Because, unlike stocks, cryptocurrencies do not indicate the possession of company shares. 

So, what is market cap cryptocurrency? Let’s take a deeper look at it and discuss why it is a crucial indicator for a digital token!

## Understanding market capitalisation in crypto

'What is market cap cryptocurrency?' is a frequently Googled query. It is one of the most asked questions by crypto newbies. But, it can be fairly easy to understand if you know how it is calculated and what it represents. 

It is a value determined by multiplying a token's price by the circulating supply. This value denotes the worth of a cryptocurrency in the marketplace. It is an indicator through which you can track the dominance of cryptocurrencies. [CoinMarketCap](https://coinmarketcap.com/), which is the most authentic crypto indexing site, also uses capitalisation to rank cryptocurrencies.

For instance, you can determine the Bitcoin market cap by multiplying its current price ([$19,131.50](https://coinmarketcap.com/currencies/bitcoin/)) by its circulating supply (19,180,081.00). This will give you the amount of around $366.94 billion, which is the [BTC](/coins/btc) capitalisation. 

This value can also help you make investment decisions regarding an asset. A digital token with a higher capitalisation is often perceived as a secure investment. 

However, it is noteworthy that capitalisation is a fluctuating value. Primarily, this amount is dependent on two factors; one is the change in supply circulation, and the other one is buying or selling pressure. 

## Why is market cap important in crypto?

It serves as one of the significant indicators for gauging a coin’s popularity and worth. A digital token’s market capitalisation can give you insights into its size. Also, it reflects on the profit ratio of the token. By comparing the values of two cryptocurrencies, you can evaluate which performs better.

In addition, these values of cryptocurrencies may also give an idea about whether they are over or undervalued. That's why it becomes a key consideration for your investment decisions in crypto.

However, it is not the only indicator you look at; several other factors must be part of your research about a project.

## How does market cap affect the crypto price?

It does not necessarily affect the crypto price. But it determines the rank of a digital asset in crypto trading. That’s why it becomes a crucial indicator, sometimes even more important than the price. 

For instance, if a token’s price is higher, its total value can still be lower because of the circulating supply. Similarly, a token with a lower price might have a better total value because of a higher circulating supply. This can be indicated through market capitalisation and helps determine a digital asset’s rank. 

## Final thoughts

Market capitalisation is one of the most significant scales for gauging the potential of a digital asset. It is the total value of an asset, which gives you an idea about its rank among the cryptocurrencies. 

You can easily determine this value by multiplying the price of a token by its circulating supply. Through this, you will get the worth of a cryptocurrency in the marketplace. 

Therefore, it becomes a key consideration when making an investment decision. Nevertheless, it is not the only yardstick for gauging the performance of a token. It is advisable to analyse several other aspects of a project to make an informed decision. 


What is market cap in cryptocurrency?


It is suggested that Web 2.0 is used by 3 billion people every day and occupies 80% of their waking hours. At its most basic, Web 2.0 is an online experience that emphasises user-generated content, ease of use, participatory culture, and interoperability (compatibility with other goods, systems, and devices) 

It is also referred to as participative (or participatory) web and social web. 

Web 2.0, notably between 1999 and 2004, shifted the world away from static desktop websites. These were sites built for information consumption and provided from expensive servers. It moved them to interactive experiences and user-generated content, giving us Uber, Airbnb, Facebook, and Instagram. 

It was fuelled by three fundamental layers of innovation: mobile, social, and cloud. 

 

## Web 3.0 Is The Next Step 

For the Internet, Web 3.0 is the next evolutionary step. It is expected to be the monopolistic digital dominance of major corporations and governments. 

Web 3.0, or [Web3](/news/tag/web-3.0-tag), is a decentralised online environment built on the blockchain at its most fundamental level. Users will own platforms and apps developed on Web3 rather than a central gatekeeper. Users earn their ownership stake by creating and maintaining those services. 


## It’s Easy as 1.0, 2.0, 3.0 

Since the early days of the original Web 1.0 in the 1990s, the Internet has evolved. It moved to Web 2.0, and Web 3.0 is next. 

Moving from Web 2.0, the Internet of today we are all familiar with, to the next phase will be enabled by [blockchain technology](https://www.investopedia.com/terms/b/blockchain.asp). 

Web 3.0, also known as the “read-write-execute” Internet, allows users to browse, produce, and publish content and directly execute intelligent contracts with one another. 

That this new Internet is decentralised is one of its most prominent qualities. It allows websites that are not hosted on servers or in data centres. Instead, everything is powered by [blockchain](/news/article/what-is-blockchain), the distributed ledger. 

The system offers improved security. The critical information hackers seek, such as credit card numbers or passwords, isn’t stored in a single central place. 

The fundamental difference between Web 1.0, 2.0, and 3.0 is the level of involvement between users. Users were confined to viewing static pages with Web 1.0. Users could produce and distribute their content with Web 2.0. Web 3.0 allows users to engage directly by executing smart contracts. 

It will result in a far more democratic Internet; an Internet where users have more control over their data and its use. 


## Why Does Web 3.0 Matter Now? 

Web 3.0 lays the groundwork for a future in which distributed individuals and computers interact with value, data, and other counterparties without third parties being involved. This is thanks to the peer-to-peer network foundation. 

The end product is a modular, human-centric, privacy-preserving computer fabric for the next web wave. 

 
 ## Advantages of Web 3.0 

 
### No Single Point of Control: 

Because intermediaries are eliminated, blockchains such as [Ethereum ](/coins/eth)provide a trustless platform with unbreakable rules and fully encrypted data. No corporation, and no government, will be able to shut down websites or services, and no single person will be able to manage other people’s identities. 

### Data Ownership: 

End users will recover total control of their data while also benefiting from encryption security. On a case-by-case and permission basis, information can then be shared. Big firms like Amazon and Facebook now have servers keeping data on dietary choices, income, interests, credit card numbers, and other personal information. It’s not just about improving services; marketers and advertising pay billions of dollars each year for the info. 

### New Beginnings: 

Other experts believe that Web 3.0 will begin from scratch. Rather than using HTML as the primary coding language, it will rely on an unidentified new language. According to these experts, it may be easier to start from scratch rather than improve the current Web. However, this form of Web 3.0 is so theoretical that predicting how it would work is nearly impossible. 

You can read more guest articles at [brendanbeeken.com](https://brendanbeeken.com/). 

What is Web 3.0 in Crypto?

While it's not as well-known as Bitcoin, it's still a currency worth paying attention to. If you're looking to convert your Dogecoin into GBP, you need to know some things to get the best rate.

[Dogecoin](/coins/doge) is a popular cryptocurrency. While it was originally created as a joke, the coin has gained much traction and has even been used to purchase goods and services.

## What is Dogecoin?

Dogecoin, or "Doge", is a decentralized, peer-to-peer digital currency that allows users to send money online. The currency was created in 2013 by Jackson Palmer and Billy Markus to make cryptocurrencies more accessible and fun. The name comes from the popular "Doge" [meme](/news/article/memecoins-whats-popular), which features a Shiba Inu dog.

Doge has several advantages over other cryptocurrencies. For starters, it has a much lower transaction fee than Bitcoin. Additionally, Dogecoin transactions are confirmed much faster than Bitcoin transactions. Finally, there is no limit to the amount of Dogecoins that can be mined, unlike Bitcoin, which has a 21-million-coin limit.

While Doge is not as widely accepted as Bitcoin, there are still a number of places where you can use it to purchase goods and services. In addition, a number of exchanges allow you to convert Doge to other currencies, including GBP.

## Converting Dogecoin to GBP

The first step in converting [Dogecoin](https://dogecoin.com/) to GBP is to set up a wallet. There are several different wallets available for Dogecoin, but we recommend using the official Dogecoin wallet.

Once you've downloaded and installed the wallet, simply open it up and create an account.

Once you've created an account, you'll need to find an exchange that supports both Dogecoin and GBP. We recommend using Binance or Kraken as they're both reputable exchanges with low fees.

Once you've found an exchange that meets your needs, create an account and deposit your Dogecoins into the exchange's wallet. Once your Dogecoins are deposited in the exchange's wallet, you'll be able to trade them for GBP (or any other supported currency).

Place an order for the amount of Dogecoins you want to sell at the current market price and wait for someone to match your order. Once your order is matched, your Dogecoins will be automatically converted to GBP and deposited into your exchange account. You can then withdraw the GBP to your bank account or use it to purchase goods and services online.

By following these steps, you can ensure that you'll get the best rate when converting your Dogecoin into GBP.


How to Convert Dogecoin to GBP

In 2022, interoperability and bridging have been the top priority of developers. Alongside Polygon Bridge, several [bridges](/news/article/binance-bridge) are already in place that connect different blockchains. Among them, the top blockchains that provide a solution for this problem have been [Binance](/news/article/guide-to-binance-uk) and [Avalanche](/news/article/avalanche-crypto-metamask). 

[Polygon](https://polygon.technology/) is also an emerging network for interoperability. It offers two bridges that allow easy transfers between MATIC and Ethereum. Here, we discuss the workings of Polygon and explore how you can transfer tokens between different networks! 

## Polygon Bridge explained

It is yet another solution in the crypto space for asset transferring between different blockchains. Since the blockchain provides scalable infrastructure for networks supported by [Ethereum](/news/article/ethereum-the-merge), moving assets between blockchains is necessary. That's why a bridging mechanism was created to allow interoperability.

This provides the MATIC network with a cross-chain feature, which operates on a trustless smart contract. With the availability of this feature, you can send ERCs and [NFTs](/news/article/polygon-nft-drops-2022) to its side chains. 

There are two [Polygon bridges](https://wiki.polygon.technology/docs/develop/ethereum-polygon/getting-started/#pos-vs-plasma); one is Proof-of-Stake (PoS), and the other is Plasma. PoS bridging is a widely used option as it is highly flexible and supports more token standards.  

## How to use a PoS bridge

The following steps will guide you on using the PoS bridge. 

1.	Firstly, go to the [web wallet](https://wallet.polygon.technology/) and choose the Polygon Bridge option.
2.	Link your cryptocurrency wallet, like [MetaMask](/news/article/what-is-metamask) or any other, to it. Then, you need to sign a verification message and proceed to it by verifying the URL.
3.	It will redirect you to the bridging interface. Else, you can go to that page by selecting the option from the menu bar on the left. 
4.	Then you would need to send tokens from Ethereum to the Matic network. For this, click on the ‘Deposit’ tab and select the token you have to bridge. 
5.	After that, enter the amount as per your preference and proceed with ‘Transfer.’
6.	Next, it will show you important reminders about what it supports and what it does not. After reading that, you can go ahead with ‘Continue’.
7.	Then you will be able to review the estimated transaction fee. Here check all the transaction details and proceed with ‘Continue’.
8.	 Next, it will ask for your approval via signature. If all the details are correct, continue by clicking ‘Confirm’.
9.	Your transaction will take a few minutes. Meanwhile, you can monitor its status through [Etherscan](https://etherscan.io/).  
 
[Polygon](/news/article/polygon-crypto) provides a formidable infrastructure for Ethereum-compatible blockchains whose bridging tool completes it by providing cross-chain asset transfers. It has two bridging options; PoS and Plasma. 

PoS can be ideal as it allows flexibility and supports many tokens. If you own a crypto wallet, like MetaMask, you can easily integrate it with the Polygon Bridge to transfer your assets between different blockchains.
 


Polygon Bridge Guide: Transfer Your Asset

Wrapping your head around Wrapped Luna, or WLUNA, cryptocurrency could prove a profitable investment, so let's dive straight into it.
WLUNA is a wrapped version of Luna cryptocurrency that belongs to the Terra ecosystem. But to fully understand what it is, we should first understand what a wrapped token means.

A wrapped token is a copy of a cryptocurrency on a blockchain separate from its native network and backed on a 1:1 basis. This is why a wrapped token's value is the same as its underlying native currencies. As such, wrapped coin holders can redeem them for the cryptocurrency they represent.

Speaking of the role wrapped tokens play in the crypto ecosystem, they increase interoperability between blockchains and are used to provide liquidity to a growing DeFi ecosystem.

Along similar lines, WLUNA is pegged to the value of Luna and has the same value as Luna.

## Rebranded as WLUNC

As seen on [CoinMarketCap](https://coinmarketcap.com/currencies/wrapped-luna-token/), by April 2022, there were an increasing number of different addresses holding Wrapped LUNA as the token became widely available. At the time, WLUNA was trading at $116, the same as the Luna.

However, this was before the [collapse of the Terra stablecoin](/news/article/terra-luna-collapse) and the subsequent crash of Luna in May 2022. After the collapse of the ecosystem, the Terra community voted to split the blockchain into two separate chains.

As such, the original chain was then rebranded as the Terra Classic network, which also led to the creation of a new LUNA Coin called LUNA Classic (LUNC). Its wrapped version was named Wrapped LUNA Classic (WLUNC).

Since WLUNC is tied to the value of Luna, it also suffered the same fate as the original cryptocurrency and lost 99.9% of its value. As of writing, WLUNC is trading at [$0.00023](https://coinmarketcap.com/currencies/wrapped-luna-token/).

## How does it work?

Unlike Luna, WLUNA is minted on Ethereum and is an ERC-20 token. WLUNA basically represents Luna on the Ethereum blockchain. 
As for how it works, you freeze your original tokens and mint Wrapped LUNA tokens on Ethereum. This way, you can make your idle Luna tokens work by locking them up in DeFi protocols.

Being based on the Ethereum blockchain allows it to be used on [Ethereum](/news/article/ether-price-prediction), which wasn't possible for Luna. This way, the holders of [WLUNA](https://www.livecoinwatch.com/price/WrappedLUNAToken-WLUNA) tokens not only get to utilize the Terra ecosystem but also participate in the vast and thriving DeFi ecosystem of Ethereum.

WLUNA is designed to provide Luna holders with greater liquidity and flexibility in using their Luna tokens.

So, if you have an Ethereum wallet, you can store, lend or borrow your WLUNA token on the decentralized applications (Dapps) built on the second-largest cryptocurrency network.

To buy WLUNC, you can head over to Coinbase and Uniswap.



Understanding Wrapped Luna

[SOS](https://www.finder.com/uk/how-to-buy-opendao) will not be available for purchase on an exchange in the United Kingdom. So, where can you buy OpenDAO in the UK?

Users can still buy SOS by using a decentralised exchange (DEX). Decentralised exchanges run on blockchains such as Ethereum and are essentially exchanges allowing users to trade any asset with one another directly.

1.	Find SOS on a decentralised exchange and ensure OpenDAO is tradable for ETH, Ethereum's native asset. Popular DEXs include Uniswap, SushiSwap, and 1INCH. 

2.	Using an exchange such as CoinJar, purchase ETH to trade for SOS. Users must buy enough ETH to swap for SOS and ETH to cover Ethereum network transaction fees (gas). You can find out how much gas fees currently cost by using a service like Etherscan. 

3.	To connect to the DEX, deposit the ETH into a web 3.0 wallet such as MetaMask.

4.	Follow the on-screen instructions to trade ETH for SOS on the DEX of your choice. Users must ensure they have enough ETH in your wallet to cover gas costs. 

5.	Wait for the transaction to complete before receiving the SOS tokens in your wallet.

6.	Users can now keep the tokens in their web 3.0 wallet or transfer them to a more secure location, such as a hardware wallet.

## Best OpenDAO wallets to store your SOS

Investors can keep their SOS on the exchange they bought it on or move it to a personal wallet:

•	Some people prefer to use their wallets to ensure total ownership of their assets or to use them in conjunction with other applications such as DeFi services. 

•	Hardware wallets are regarded as the safest type of cryptocurrency wallet because they use a physical device to improve security in various ways.

## Is OpenDAO a good investment?

Purchasing cryptocurrency can be a risky endeavour, but there are precautions users can take to reduce risk, such as conducting thorough research about [OpenDAO](/news/article/daomaker-guide) before purchasing: 

Investors can spend time researching a coin before deciding to invest, especially if the coin's price is seemingly spiking for no apparent reason. 

Stick to reputable exchanges: Stick to more well-known crypto exchanges to avoid losing money in a scam. Try to store cryptocurrency in a hardware wallet instead of on an exchange.

Investigate the coin's creators and developers: A frequent red flag is anonymous teams. You might want to consider alternative cryptocurrency investments if you can't find information on the coin's creator.

## How to trade, convert or sell OpenDAO

Users can convert or sell their SOS on the same exchange where they purchased it: 

1.	Sign into the exchange where SOS is.
2.	Compare crypto exchanges to convert or sell your [OpenDAO](/news/article/nrch-crypto-explained) if you keep it in a digital wallet. 
3.	Select Sell or Convert and enter a sell order. 
4.	Select the amount of SOS you want to convert or sell. 
5.	Confirm the selling price and fees, and then complete the sale of OpenDAO. 
6.	Complete your transaction and save your SOS in a wallet.

## OpenDAO Vision

1.	Maintain USDO health:

•	Maintain [peg](https://opendao.gitbook.io/whitepaper-v4/introduction/dao-mission-statement).

•	Increase liquidity.

•	Use only appropriate collateral to support USDO borrowing.

2.	Increase the circulation of USDO. Increase the amount of USDO in the market by pre-seeding various lending markets.
3.	Boost USDO Adoption 
4.	Encourage native use cases, such as on-chain applications, off-ramps, and real-world acceptance. 

The DAO is responsible for ensuring that only high-quality collateral is whitelisted. Following this goal, OPEN token holders can stake OPEN for veOPEN, which grants them voting rights in governance matters such as minting more USDO, determining which collateral on the whitelist is accepted, and seeding whitelisted markets. 

veOPEN holders receive mint and interest fees generated by the OPEN protocol. If a whitelisted collateral market experiences a black swan collapse, treasury OPEN must be sold to cover any losses.

After a three-month lock, OPEN locked in to create veOPEN can only be unstacked. Only committed OPEN holders have the right to vote on governance and fees. 

## Use Cases for OpenDAO

As a stablecoin, USDO is for whatever purpose the user desires. On various AMMs, different USDO token pairs allow the swap of USDO against other tokens such as BUSD, USDC, and USDT. OpenDAO is working to develop various native use cases for USDO.


How to Purchase OpenDAO in the UK

[Cobak](https://cobak.co.kr/) is a Korean-based cryptocurrency platform that has shaped Korea’s most influential community in the crypto space. The platform runs an app with around 60,000 daily active users and 300,000 total downloads. It also has introduced the [CBK crypto](https://www.forbes.com/digital-assets/assets/cobak-token-cbk/) coin, one of the largest Korean cryptocurrencies.

The Cobak token is currently valued at only $0.807. But, one reason it has grabbed investors’ attention worldwide is its low-risk rank. Because of this reason, many investors consider it a somewhat safer bet in a speculative asset class.

Are you interested in knowing more about its potential? Let’s take a deeper dive into Cobak blockchain and CBK crypto!

## A brief overview of Cobak

Cobak is a blockchain and cryptocurrency platform launched in March 2018. Earlier, it started as a news service related to cryptocurrencies. But, later, it rolled out its CBK token with its first sale through ICOs (Initial Coin Offering) in 2019. The platform also develops blockchain wallets and organises several airdrops through its Pop Quiz and Cobak Live. 

The token is based on the ERC-20 standard and can be supported by all Ethereum-based wallets. In addition, it works on the Proof-of-Stake ([PoS](/news/tag/pos)) mechanism like [Ethereum](/news/tag/ethereum). The token is used to power the Cobak ecosystem and precisely has four significant roles within the ecosystem. These are:

•	CBK crypto serves as the utility token on the network and facilitates transactions.

•	It helps in unlocking exclusive benefits for the members.

•	It is distributed as a reward among members for performing certain acts that are helpful to the community and the network.

•	You can use it to pay platform fees.

## CBK crypto tokenomics

CBKs facilitate all the economic activities on the Cobak network. The total supply of CBK crypto is 100,000,000 tokens. The largest part, which makes up 33% of these tokens, has been allocated to the ecosystem. 

The second-largest allocation, 30%, is assigned to private sales. Another 20% is for [DeFi](/articles/learn-moni/what-is-a-defi-token) staking incentives, and 15% is for the Cobak team. Lastly, 2% of tokens are reserved for the platform partners.

![cobaj.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/cobaj_d8a46cc098.png)
 
#### Source: Cobak Whitepaper

However, there is a token-burning mechanism which eliminates tokens from the total supply. This mechanism is in place for the development of the network. It will burn 20% of the tokens to maintain their value over time. A percentage of the withdrawal fee and service payment will be used for burning.   

## Where to buy the CBK Crypto coin?

It is relatively easy to find this cryptocurrency, as it is available on most top exchanges. You can quickly trade it on [Coinbase](/news/tag/coinbase), [Kraken](https://www.kraken.com/), [Gate.io](https://www.gate.io/), [MEXC](https://mexc.com/), Upbit, DigiFinex, and others. Most commonly, it is available in CBK/USDT and CBK/BTC trading pairs. Some exchanges might also allow fiat exchanges.

## CBK token price prediction

As of October 06, 2022, the worth of one CBK token is $0.807. However, CoinMarketCap shows it touched its highest level of $16.31 in April 2021. On the other hand, its lowest was $0.746 in June this year. 

As per the observations by various analysts, the token holds [low risk](https://www.investorsobserver.com/crypto/8107/cbk). This implies that only a large flow of dollars can impact the price of CBKs. That’s why small movements in or out of the market will not necessarily translate into big-price actions. 

Other economic factors may not influence the CBK price volatility much as other cryptocurrencies. Therefore, it poses a less risky option for investors. 

The prediction from [DigitalCoinPrice](https://digitalcoinprice.com/forecast/cobak-token) is in line with this view. It suggests that in 2023, the coin will trade at an average value of $1.82. In addition, its highest may reach $1.92, and its lowest could be $1.72. Its steady growth may continue until 2025, with the price likely averaging $3.28. In 2030, the CBK token’s price is forecast to reach $11.45. 

## Is CBK crypto a good investment?

The CBK crypto is a relatively new project that offers informative content and blockchain wallets. The forecast for the coming years for this crypto shows steady growth. Though you would not get as much upside as other coins, it may provide profitable gains. 

It is likely to be a less risky bet for investors as small-scale dollar inflows and outflows do not influence its price. Nonetheless, as the crypto market is volatile, thorough research is advisable to avoid risks. 
 



CBK crypto 101: a thorough guide to the platform

The [Celo platform](https://celo.org/) is a layer-1 protocol that introduces an ultralight and fast app through which you can do transactions in stablecoins or tokens. This protocol allows you to develop user-friendly and borderless financial tools accessible via mobile.

The Celo token as it is the native currency on the platform. You can earn this crypto in various ways, including staking, [lending](/news/article/crypto-lending), or yield farming. However, as it is based on PoS, staking is highly rewarding.

This article runs through the steps to stake Celos to make better profits. 

## How to stake Celo?

The following simple steps will help you figure out how to stake Celo tokens!

1.	Create a Celo web wallet

![celo 1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/celo_1_20be758d83.png)
 
You first need to create a web wallet to earn Celo staking rewards. For this, go to the [Celowallet.app](https://celowallet.app/setup) and click on *Create New Account*. It will show a warning for security risks of using the browser version. Here you can proceed by clicking the *I Understand* button. 

![celo 2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/celo_2_84ae71b2aa.png)

Then, it will show your public address, unique icon, and seed phrase. Note down your wallet address and seed phrase so that you can securely access your account in future. 

2.          Set up the desktop app

After that, install the desktop app on your device. Sign in to your wallet by entering your details. Once your wallet runs on the app, you can send Celos to it for staking.  

3.          Lock Celos

Now, you need to lock the Celos you want to stake. For this, click on the *More* button, which will open a dropdown menu. Select the Lock option here and enter the amount you want to stake. After that, proceed with *Continue* and confirm with *Lock*.
 
4.          Assign Celos to a validator group

Once you have locked the tokens for staking, you can assign them to multiple validators. Again, go to the More dropdown menu and select *Stake* for assigning them to a validator. It will lead you to a list of validators in the system. 

This is tricky, as you have to choose the right validator to earn better rewards. However, you can easily check their track records by clicking on their names. If the status is good, you can proceed with the *Vote for Group* button.

After that, you can enter the number of tokens you would like to delegate to the selected validator. Finally, continue and confirm by clicking on Vote.

5.          Activate validator votes

The last step for staking Celo is to activate your validator votes. As the platform requires 24 hours to verify the votes, you would have to wait. Then, revisit the app after the period, and it will ask you about vote activation. 

Proceed with *Activate*; a page will appear with all the details about the validator and staked amount. Finally, verify these details and activate these votes to stake Celos.

## Bottom line

Celo staking is one of the easiest ways of earning rewards on the platform. First, you must set up a Celo wallet and app on your device. Then, send Celos to your wallet and lock them for staking. After that, delegate the tokens to a validator by voting for them. Finally, activate your votes after 24 hours to earn staking rewards. 



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