Although most people take time to develop a strategy in cryptocurrency trading, you can start to trade as a pro by learning the best practices. First, you will need to find the right platform to work with. Registering is easy as the process is straightforward, and you do not have to fill in many details. Ensure you consider the platform’s security since there are potential risks when using the internet. At the same time, customer feedback can help you know about the cryptocurrency exchange service provider and how they operate. HRAI is a user-friendly site that will make it easier to analyze the market data to make an informed decision on how you will trade cryptocurrency. Here are tips for setting you on your way to succeeding in the investments;

Strategize

Many people pose as scammers promising to help you make money from cryptocurrency. We hear about the incidences every day, and it continues to increase. It would be best to disregard misleading information online, like a promise to make a lot of money by buying a particular coin. At the same time, they cannot prove the claims. Therefore, you must create your strategy by learning the two  ways to make money using digital currency trading;

Buying and Holding: it involves purchasing a coin and holding it to sell in the future at a higher price. You will need to study how the currency has been performing previously. Still, you can earn dividends from certain coins.

Day trading: entails speculating on the price of cryptocurrency appreciating. It would help to consider the factors that affect digital currencies to predict their valuation. Also, it is necessary to research them and study their performance to be profitable.

Diversification

It is not prudent to stake all your money on one coin since cryptocurrency trading is high risk and the market is volatile. Diversifying your investments is the best choice to manage the risks. One coin in your portfolio can perform poorly, but you can have others in your portfolio doing well. Create a portfolio with different currencies to reduce the probability of losing all your money if you put your money on a single coin. Cryptocurrencies are many, and it is best to research them to pick those with the potential to rise in value.

Patience

Do not expect to make money as soon as you start cryptocurrency trading. Although it is possible to be profitable as a beginner, it is best to consider it a long-term investment. Due to the market volatility, the prices will fluctuate dramatically, but you need to be patient. You will likely feel the pressure to sell when prices decrease, but that should not be the case. It is rewarding to wait for the long term as you can withdraw part of your profits when the prices peak and recover your investments gradually.

Mistakes to avoid

Here are some mistakes to avoid;

• Purchasing a coin with depreciating value without understanding why it is happening.
• Trusting any internet person to help you make money with cryptocurrency trading. It will probably be a scam.

The online gaming industry is a massive one, and it’s also a growing one. More people than ever are now able to play games for free, thanks to sites like Steam and GOG. It’s also not difficult to see why, with a market value of over $100 billion, it’s one of the fastest growing sectors of the gaming industry. Today, we’ll be discussing everything you need to know about gambling online with cryptocurrencies. We’ll explain the different types of crypto gambling websites, the risks involved, and which cryptocurrencies are best for this kind of activity.

How Does Gambling Online With Cryptocurrencies Work

You can use any cryptocurrency to gamble online. The most common ones used for this purpose are Bitcoin, Ethereum, and Bitcoin Cash. As the name suggests, Bitcoin is the most established cryptocurrency, which is ideal for gambling purposes. This is due to its proven track record and large user base, as well as its low transaction fees.

Ethereum and Bitcoin Cash are newer cryptocurrencies that have the advantage of faster transaction speeds and lower transaction fees.  To use bitcoin or one of the other cryptocurrencies for gambling, you’ll first need to purchase some. Coinbase and Gemini are the two most popular cryptocurrency exchange platforms. Once you’ve purchased some cryptocurrency, you can use it to deposit money into online casinos.

Popular Cryptocurrencies For Gambling

There are a large number of cryptocurrencies to choose from when it comes to crypto gambling online. However, most people are likely to use Bitcoin, Ethereum, and Bitcoin Cash. These are all proven cryptocurrencies with proven track records. In addition, they are all relatively safe investments when it comes to online gambling, which is a key factor when looking at cryptocurrencies. As a general rule of thumb, the higher the market cap, the safer the investment.

The market cap is the total value of all the coins in circulation. Bitcoin, the most established cryptocurrency, has the largest market cap.  Bitcoin Cash is also a very popular cryptocurrency for online gambling. It was created as a hard fork of Bitcoin, meaning that it shares the same security features and is also open source. However, it has a faster transaction speed, which is important for gambling purposes.

Crypto.games is  a site that allows you to play online slots and other casino games, but there are also betting markets available. It’s important to note that there are a lot of scams online, and it’s not uncommon to get scammed in this way.

Conclusion

Online gambling is a growing industry, and it’s also a great way to get your hands on some cryptocurrencies. However, you need to be careful. There are a number of risks associated with this kind of activity, and you can also get scammed. We suggest sticking to reputable sites only. You can start by signing up with Coinbase or Gemini, and then buying Bitcoin or one of the other top cryptocurrencies. These can then be used to deposit money at online casinos.

Technology is shaping our lives at such a fast pace. Since the beginning of the 21st century, technological advancements have completely changed the world. Something that was once considered impossible or hopeless has become a reality. 

The financial world is seeing a major shift in its system of transaction and monetary exchange. The blockchain industry is slowly taking over by storm. Every person is on the edge of their seat to see what new blockchain updates could revolutionize the world completely. Currently, NFTs have become a digital craze. 

NFT marketplaces are emerging as the most visited websites around the world. As the popularity of NFTs rises, NFT marketplaces will also experience heavy traffic on its website. 

Currently, there are two main marketplaces to promote NFT collection. You can either feature them on OpenSea or Rarible. These marketplaces have a majority of NFT enthusiasts and investors who are most likely to buy NFTs from your collection.

What is OpenSea?

OpenSea is the first and the largest NFT marketplace founded in 2017 by Devin Finzer and Alex Atallah. It is an American, New York-based, marketplace which operates on the Ethereum blockchain for secure transactions between users. 

OpenSea is a decentralized P2P marketplace with more than 200 digital assets classifications.

What is Rarible?

Rarible is a software where you can create, buy, and sell NFTs. The marketplace exists on the Ethereum blockchain. It was founded by Alex Salnikov and Alexei Falin in 2020 in Moscow. Rarible is a US-based NFT platform that incorporates DAO and NFT technology together.  In other words, it is a “multichain community-centric NFT marketplace.”

Rarible has its own token named RARI in the NFT world. The platform operates on ERC-20, ERC-1155, and ERC-721 tokens. 

Both marketplaces serve as a platform for any creator and collector to promote NFT art collection. Many people have found their fame through these platforms. 

Creators can easily make their name in the NFT world if they promote NFT collection on Rarible or OpenSea. 

What is the difference between OpenSea and Rarible?

Although both are NFT marketplace and serve almost the same purpose, they still have differences that make them stand out from each other. Here are some of the differences:

Founding years

OpenSea is the oldest; since it was the first NFT marketplace, while Rarible is the most recent NFT marketplace. Both vary in terms of their founding years; however, each platform keeps up with the latest advancements.

Target audience 

Rarible and OpenSea differ in terms of the target audience. Although every type of creator and buyer exists on both platforms, there are some specifications that make each platform unique. 

OpenSea is considered a secure platform to buy NFTs, while Rarible contains the rarest NFTs in the world. One is the best option for small contracts, while the other is the best choice for creator-focused NFTs.

Payment Options

In OpenSea, users can use 150 payment options, including ETH, MATIC, WETH, and KLAY. Rarible can only trade NFTs using ETH, XTZ, and FLOW. 

Rarible also lets users pay through credit card now, while OpenSea doesn’t. This opens doors for non-wallet users to trade NFTs on Rarible. 

Royalty Fees

OpenSea has a fixed 10% royalty fee. Rarible gives flexibility to users to set the royalty fee; they can ask for up to 50% royalty fee. 

Original Token

Rarible has its own Token: $RARI; OpenSea doesn’t. 

Which one is the best place to promote NFT collection?

OpenSea and Rarible are two leading NFT marketplaces, each having its own special and unique features. If you were to pick between either one, you will have to first define your NFT; what audience you want, what opportunities are you looking for, and what NFT type do you want to sell. 

Once you decide on these specific questions, it will become easier to make the right decision. The best NFT platform to promote NFT collection is solely based on your personal preferences. 

Twitter is one of the world’s most popular social media platforms, with 397 million users worldwide. Here’s how you can make the best out of Twitter and leverage it as the perfect platform for crypto or NFT marketing.

Twitter is one of the world’s most popular social media platforms, with 397 million users worldwide. It is also one of the go-to channels for cryptocurrency and NFT project marketing, as it is abuzz with all the latest updates about cryptos and NFTs, including news and memes. By following the right profiles, channels, and hashtags on Twitter, you can access the most recent information on the subject. It is the hub for anything related to crypto and NFT, and that’s why it is critical to promote your blockchain project on this platform.

Here’s how you can make the best out of Twitter and leverage it as the perfect platform for crypto or NFT marketing:

Build your community

Building a community around your crypto or NFT project even before its release is crucial, and Twitter is the best social media platform to grow your presence and promote your project. Generating interest in your project and gaining support from a network of followers is one of the first steps in an effective crypto and NFT marketing strategy. Tweeting regularly, mentioning the hashtags and profiles that are relevant to your crypto or NFT project, will yield maximum engagement. Building a network from the ground up on Twitter will help amass several loyal fans, generate plenty of leads, and set your project up for success. You may also hire a professional NFT marketing agency to get the best results for your NFT project on Twitter.

Follow the #NFT feed closely

Following all the relevant profiles and hashtags on Twitter will keep you abreast of everything that is going on in NFTs and crypto, from new releases and sales opportunities to new platforms to try. Follow the #NFT feed closely. Like, comment, repost, and engage in posts, artworks, and collections that resonate with you. Support and interaction are the keys when it comes to NFT and crypto promotion on Twitter. Also, make sure to follow the leading crypto influencers on the platform. Many artists are also collectors, and thus it becomes important to attract those who may want to buy your crypto or NFT.

Get your Twitter account verified

Make sure that the Twitter profile for your crypto or NFT brand is verified. That blue tick next to your name means that it is vetted for by the platform and is, therefore, more credible and trusted than those accounts that are not. People will be much more likely to conduct business with you with Twitter verification. This is because a verified Twitter account rules out the possibility of it being fraudulent or inauthentic. It also increases your authority among crypto and NFT circles on Twitter. You can take the help of a reputed online PR agency that offers social media verification to achieve this.

Use Twitter DM marketing

To promote your project most effectively, it is necessary for it to receive the right kind of traction from potential customers and investors. Direct message (DM) marketing on Twitter is an excellent tool to achieve this, but it must be done in a targeted and sophisticated way. An NFT marketing agency may offer Twitter DM marketing as a service. Choose one that has demonstrated expertise and experience in the field. The right one will have specialized targeting and copywriting skills that are key in doing the job well.

Collaborate with other crypto and NFT projects

Twitter is the ideal place to find and connect with other like-minded people who are developing their crypto or NFT projects. This provides a valuable opportunity to collaborate with such artists and collectors for your own project and get some unique ideas that you may not come by anywhere else.

All in all, it’s abundantly evident that Twitter is the go-to platform to promote your crypto and NFT project. So, consult a professionalNFT marketing agency to optimize your strategy and liken your chances of success on Twitter.

Non-fungible tokens have quickly grown in popularity in the crypto industry, with everyone rushing to cash in on the craze. But what are they, what are their uses, and why are they so special? This guide explores all you didn’t know about non-fungible tokens.

What are non-fungible tokens?

Fungible means that a token is interchangeable; for instance, fiat currencies such as banknotes are interchangeable because you can exchange one-dollar bill for another, and there will be no distinction between the two. Cryptos like bitcoin are fungible as well. For instance, if you send someone one bitcoin and they send you another back, you still have one bitcoin.

However, non-fungible tokens  (NFT) are unique. For instance, there can only be one Monalisa in the whole world. So, non-fungible tokens are digital assets with unique information recorded in smart contracts and immutably recorded on the asset’s blockchain.

One thing about non-fungible tokens is that they can be associated with any asset and are used to prove ownership, including physical items such as clothing and real estate. However, most of the NFTs are linked with digital assets.

Additionally, non-fungible tokens are not divisible, which means that you cannot send someone part of it like you can do cryptos. For instance, you cannot share a part of a concert ticket because it wouldn’t be worth or redeemable on its own.

Some of the initial NFTs were crypto kitties. Note that every blockchain-based crypto kitty is unique. Suppose you send someone a crypto kitty, and they send you another one in return; in that case, the one you receive will be entirely different from the one you sent.

Why all the fuss about NFTs?

You may be wondering, what makes NFTs so special that everyone is suddenly interested in them? A non-fungible token has a distinct characteristic associated with a particular asset. It is used to prove the ownership of a digital asset like digital art to the right of the physical asset. Many types of content have been transformed into NFTs, including movies, music, digital art, etc.

Suppose you bought an in-game item in a video game; in that case, it is controlled by its publisher. That means they can stop supporting or updating the video game if they choose to or even turn off its servers, and your in-game item will vanish.

However, NFTs are based on a decentralized platform, which confirms the actual ownership; therefore, no single entity owns your NFT. In the future, you can move it across the digital world as you see fit.

How do they work?

Non-fungible tokens represent digital collectibles and are mainly used for digital assets that need to be differentiated from each other for proving their value or rarity. In simple words, they can represent anything from ownership licenses to artworks. You can trade NFTs on NFT marketplaces. In an increasingly digital world, NFTs are used to prove digital ownership.

Summary

NFTs are unique digital assets that can prove ownership of both tangible and intangible items.

Three main reasons that have enticed the crypto traders the world over include excellent investment opportunities in different types of digital currencies (the options are endless), the idea that there is anonymity in trading makes it appealing, and there is no interruption from a third-party are the main selling points why people are flocking to the crypto exchanges.

However, we have also seen that this is one type of trading, where it is highly unpredictable, and the market is volatile enough and as such not all traders like to face the risk of losing their money.

But if you are aware of how these crypto assets might behave in 2022, it becomes easier for you to plan your crypto investment portfolio. So, see more about the how the industry will take shape in 2022, in this brief article.

Survey data and crypto in Australia

Data obtained from survey from Senate Select Committee on Australia as Technology and Financial Centre indicates that 17% of Australians have cryptocurrencies and a further 13% are planning to invest in cryptocurrency in the current year. This would make Australia the world’s biggest adopter of cryptocurrencies if you take it on a per capital basis.

Commonwealth Bank of Australia recently said that it has plans wherein it would let customers go ahead with cryptocurrency trading like Bitcoin but on its mobile banking app.

Cryptocurrency trade – A High Risk Game

However, there are regulators and decision makers that believe that cryptocurrency lets traders take high risks. The Australian Securities and Investments Commission or the ASIC has warned in January 2022 that self-managed superannuation fund investors must be aware since a large number of crypt related scams are being reported with every passing day.

The ACCC or the Australian Competition and Consumer Commission assesses that due to investments, Australian had to lose over $150 million in 2021, in just a single year.

Why does it call for regulation?

Since this trade type lacks regulation, the incidence of money laundering and cyber attacks are on the rise. This has necessitated introduction of regulations in Australia sooner.

See more on what to expect in 2022 from the cryptocurrency market

Here is an outline of how things might move in 2022 in this industry.

1. Current regulation

The role played by the regulators in Australia when it comes to cryptocurrency regulation is limited. Other than requiring the cryptocurrency exchange service providers to register with the AUSTRAC, the Anti Money Laundering and Counter-Terrorism Financing Act 2006 is not into regulation of digital assets and cryptocurrency. This only implies that the role of AUSTRAC’s in monitoring the financial transactions, keeping tab on money laundering and fraudulent activities is limited. Also, if the crypto assets are in the category of “financial products”, the ASIC has the power to regulate. The reserve Bank of Australia does not have the power in cryptocurrency regulation.

Ironically, those aspects that have attracted cryptocurrency traders to trade on these exchanges are the same reasons that have posed to be challenges for the digital asset regulators. As such, unless there is regulation, there always lies a risk of losing money for the investors. Most importantly, no regulations means the retail investors cannot be protected.