Most crypto experts agree that the bull market has finally arrived. Bitcoin has recorded multiple all-time highs, and many altcoins, especially meme coins, have produced explosive growth.

This guide explores the top cryptos with the most potential for 2025. Read on to discover undervalued tokens that could increase by 20x or more.

Crypto With the Most Potential: Analysis

Many factors must be considered when choosing high-potential cryptocurrencies. These include everything from the crypto market capitalization and recent price performance to the token use cases, roadmap, and community size.

This section explores these key metrics, so read on to decide which cryptocurrencies offer the best upside potential for your portfolio.

1. Wall Street Pepe (WEPE) – Wepe Army-Exclusive Signals and Alpha Calls Aimed at Crypto Traders

Wall Street Pepe is a new top-rated presale, as well as our top pick for the crypto with the most potential. With its presale event launching in late November, the project has managed to raise over $3.3 million already. Like many presales, those investing early get the lowest cost basis, but also the highest stake rewards.

This Pepe-inspired project revolves around providing its holders utility to combat crypto whales. It does so by enabling its users with trading alpha calls covering both long and short-term plays, exclusive trading groups, as well as trading competitions. These perks will only be available to its Wepe Army.

We believe that Wall Street Pepe has tremendous potential for several reasons, including its strong community, adequate funding, as well as a straightforward yet utility-focused roadmap.

2. Crypto All-Stars (STARS) – The World’s First Unified Staking Vault for Meme Coins

With over $7.8 million raised, Crypto All-Stars is another top-rated presale project with explosive growth potential. It’s building the world’s first staking vault for meme coins. This enables meme coin holders to earn competitive rewards on their holdings.

The “MemeVault” supports the most popular meme coins from multiple blockchains, thanks to its cross-chain functionality. This includes everything from Shiba Inu, Brett, and Toshi to Bonk, Pepe, Dogecoin, and FLOKI. More meme coins will be supported as per broader demand.

Those staking meme coins will also earn STARS tokens, which are native to the Crypto All-Stars ecosystem. Currently, those invested in the presale event are earning staking APYs of 277%. The presale will end in 17 days and the final price available is $0.0016648.

3. Best Wallet (BEST) – Top-Rated Self-Custody Wallet App With a Huge Ecosystem 

Best Wallet is a top-rated wallet app, with an excellent rating on both the App Store and Google Play. It offers self-custody storage, so nobody but the user can control the private keys. This ensures investors own the cryptocurrencies they buy, and that transfers don’t require third-party approval.

Best Wallet offers tons of other features, converting to an all-in-one crypto ecosystem. This includes decentralized swaps, the ability to buy crypto with fiat money, and access to new presales. Other features include perpetual futures trading, portfolio management tools, and an NFT gallery.

BEST is the wallet’s native token and it’s currently being sold to presale investors. Many use cases have been created, including reduced transaction fees. The Best Token presale has already raised almost $2 million, even though it has been active for under three weeks.

4. CatSlap (SLAP) – Invest in the Cat-Themed Narrative at a Micro-Cap Valuation

CatSlap is one of the best meme coins to buy from the cat-themed narrative. While dogs still dominate the meme coin industry, cats have had an unprecedented run in 2024. Many experts predict this trend will continue throughout 2025, which is why CatSlap could be worth a look.

First, CatSlap has a micro-cap valuation of just $20 million. In contrast, the market leaders, such as Popcat and Mog Coin, are worth approximately $1 billion. This means CatSlap offers a much higher upside potential. In addition, CatSlap is one of the newest tokens in this niche.

It was listed on CoinMarketCap on November 25th. This enables investors to buy SLAP before the wider markets. We should also note that CatSlap’s momentum is increasing rapidly. It has risen by 63% in the past 24 hours on high trading volume (up 95% over the same period).

5. Flockerz (FLOCK) – Decentralized Meme Coin Project With DAO Voting Features

Flockerz could also be one of the top crypto assets with the most potential in 2025. This new meme coin project is being launched with DAO (decentralized autonomous organization) features, meaning it’s run by the community. Anyone holding FLOCK tokens can vote on key project proposals.

Additional FLOCK will be earned when voting, ensuring holders are motivated to engage with the DAO. This is in contrast to most meme coins, where decisions are made solely by the project’s anonymous founders. This goes against the blockchain’s decentralized ethos.

Flockerz is currently running its presale event, meaning you can buy FLOCK before the wider markets. An impressive $4.2 million has already been raised. This shows that crypto investors are bullish on Flockerz’s community-run ecosystem. The presale’s current price is just $0.0062245 per FLOCK.

6. Pepe Unchained (PEPU) – The Overall Best Crypto to Buy for the 2025 Bull Cycle

Pepe Unchained is our overall top pick. This brand-new crypto project has developed a layer-2 network that’s significantly faster and more scalable than Ethereum. The network has been designed specifically for Pepe, the large-cap meme coin with hundreds of thousands of holders.

This provides a more efficient and cost-effective ecosystem for Pepe transactions, especially for short-term traders. Pepe Unchained also offers a native protocol for building new meme coins from the ground up. Zero coding knowledge is required. Users simply provide the token’s name and ticker.

The good news is that Pepe Unchained hasn’t listed PEPU on exchanges yet. Instead, it’s still running its presale event, which ends in 10 days. This means investors still have a chance to buy PEPU at a presale discount. To date, the Pepe Unchained presale has raised over $65 million.

7. SPONGE V2 (SPONGEV2) – Second-Generation Meme Coin With Explosive Potential

SPONGE V2 is a second-generation meme coin. It follows on from Sponge V1, which previously generated gains of over 100x. V1 is now being discontinued, with V2 soon to launch on exchanges. New investors can purchase V1 tokens on the Sponge website, which are converted to V2.

Buyers enjoy staking rewards until the merge is complete. Currently, APYs of 18% are being paid. Sponge V2 is also bringing the V1 community on board, which consists of over 13,000 holders. V1 holders simply need to bridge their tokens to V2.

In doing so, they also earn staking rewards. Crucially, while Sponge is an unconventional project, the team knows how to create hype and FOMO. It also has existing contacts with over 10 exchanges, so V2 could achieve multiple listings from the get-go.

8. Uniswap (UNI) – The Biggest Decentralized Exchange for Ethereum-Based Tokens

Uniswap is the largest decentralized exchange globally. This decentralized finance giant specializes in Ethereum-based tokens, That said, cross-chain functionality is also possible. This includes popular networks like BNB Chain, Polygon, Base, and Arbitrum. Uniswap enables users to trade cryptos without an account.

Unlike centralized exchanges, users trade by connecting a self-custody wallet. Moreover, Uniswap doesn’t use order books. Trades are executed by smart contracts and prices are determined by liquidity. The latter uses an innovative method called “automated market making”.

Uniswap’s native token, UNI, has increased by over 120% in the past month. And 150% this year. However, UNI trades 66% below its all-time high of $44.97. Many experts believe that Uniswap will record new highs during the current bull market, making it a high potential crypto.

9. Helium (HNT) – Innovative DePIN Project Offering Rewards When Sharing Hotspots

DePIN (Decentralized Physical Infrastructure Network) investors rate Helium as one of the top cryptos with the most potential. This innovative project is making internet connectivity more accessible. It distributes hotspot devices to participants, who share the respective connection.

This enables anyone to connect to the hotspot after paying a small fee. Participants earn tokenized rewards, paid in HNT. This incentivization model could create an entire network of Helium hotspots, which will bode well for the HNT price.

Currently, HNT is enjoying strong momentum. It’s up 43% and 201% over the past month and year, respectively. HNT has increased by almost 3,000% since its inception in mid-2020. All that said, Helium trades nearly 85% below its all-time high, so there’s a massive discount available.

10. PAAL AI (PAAL) – AI-Based Bots for Businesses and Projects Trading at a 65% Discount  

PAAL AI (PAAL) is last on this list of high potential cryptos. This is a pure-play from the artificial intelligence (AI) niche. It offers AI-based bot solutions for businesses and projects. The use cases are limitless.

For example, bots can perform information-centric roles, such as performing research, analysis, and data aggregation. Bots can also be used for communities, such as providing support and guides. PAAL AI bots can also take action on the information they find.

This is particularly useful for automated trading bots. The project’s native token, PAAL, operates on the Ethereum blockchain. It has exploded by over 2,600% since launching in June 2023, and 42% in the prior month. However, those investing today can secure a 65% discount from PAAL’s all-time high.

How to Determine Cryptocurrencies With Potential

Finding cryptocurrencies with potential requires comprehensive research, analysis, and due diligence. Only a small percentage of projects see notable growth, so risk management and knowing your risk tolerance are also important.

Diversification sits at the forefront of risk mitigation, meaning investing in multiple cryptocurrencies from different narratives and types of blockchain technology.

Below, we explain how to build a portfolio of high-potential coins in 2024:

Project Fundamentals and Use Cases  

The first step is to shortlist projects with strong fundamentals. This could mean the project offers something unique. Or a solution to an existing problem.

For example, Pepe Unchained has built a network specifically for Pepe. Currently, Pepe transactions go through Ethereum, which charges high fees when the network is over-congested.

Pepe Unchained’s network is not only cheaper but 100 times faster. This is a solid example of a project with valuable use cases.

Market Capitalization

Investors should be realistic about the upside potential when buying cryptocurrencies. The market capitalization has a major say in this regard.

For example, Ethereum currently trades with a market capitalization of $465 billion. So, if you’re targeting 20x gains, Ethereum would require a valuation of over $9 trillion.

Compare this with Catslap, which is currently valued at $20 million. It would require a market capitalization of just $400 million to achieve 20x gains, which is far more realistic.

Presale Events

Another way to find the highest potential cryptos is via presale events. They provide early access to brand-new tokens, with presale buyers getting discounted rates. The tokens are listed on exchanges after the presale ends, often at a small market capitalization.

One of the best crypto presales right now is Crypto All-Stars, which has already raised $7.8 million. Its presale offers preferential pricing on STARS, its native ecosystem token.

Project Community  

You can also find cryptos with the most potential by assessing the project’s community. For example, successful meme coins like Dogecoin and Shiba Inu have several hundred thousand holders. Many of which “shill” their investments on social media.

This means promoting the respective tokens around the clock and encouraging new investors to join the project. It’s also wise to see how many followers the project has on X and other social networks. The more the better, but ensure they’re real followers and not bots.

Conclusion 

We’ve explored the best cryptos with the highest potential, and Wall Street Pepe comes out on top. This presale project has raised over $3.3 million, attracting thousands of investors along the way.

It offers strong utility for its users in the form of Wepe Army benefits, namely trading alpha calls, exclusive trading rooms, and competitions.

FAQs

The post Cryptos With the Most Potential for 2025 appeared first on ReadWrite.

Wall Street Pepe ($WEPE) is a meme coin on a mission to empower its community with trading insights and signals on the top meme coins. As $WEPE gains traction during its ongoing presale, interested investors are keen to know the future potential of this project. 

This Wall Street Pepe price prediction analyzes the future forecast of $WEPE for 2024 – 2030. To come to a conclusion, we will take a closer look at Wall Street Pepe’s tokenomics, use cases, and key features. 

Wall Street Pepe Price Prediction Summary

Wall Street Pepe Price History

Wall Street Pepe ($WEPE) is a hilarious meme token that aims to garner a community of loyal investors. The platform looks to take on the Wall Street degens by providing its community of token holders with access to trading signals and alpha calls. 

At the center of its ecosystem is $WEPE, the native token, which can be used to get access to VIP trading groups, trading signals, and high staking rewards. As of December 2024, Wall Street Pepe launched its presale campaign. Conducting one of the best crypto presales so far, Wall Street Pepe has raised more than $1 million in a matter of days. 

At the time of writing, $WEPE is priced at just $0.000202 per token. By analyzing the price history via the presale, it is clear that Wall Street Pepe is rising in demand. Now, let’s take a look at how the $WEPE price could change in the coming years. 

Wall Street Pepe Price Prediction for 2024

For the remainder of 2024, the $WEPE token will be available to purchase on presale. Notably, the token price will increase through each subsequent presale round. Therefore, interested investors may prefer acquiring $WEPE during the early stages, before the price increases. 

Wall Street Pepe Price Prediction 2025

Our Wall Street Pepe price prediction for 2025 is bullish due to several factors – such as the ongoing presale’s success and promising market conditions. 

Firstly, the token price in the short term will be affected depending on the overall performance of the presale. By attracting a large number of investors through the presale – Wall Street Pepe will have developed a solid customer base, while also increasing the demand for the token. 

This can also have a positive impact on the exchange listings, which are expected to take place in 2025. Another factor that can play a role in 2025 is the overall crypto market’s performance. 2024 has been a great year for cryptos – with Bitcoin touching the $100K mark for the first time ever. 

In fact, Bitcoin’s 115% year-on-year surge places 2024 among the top 5 years of the decade for this top cryptocurrency. As seen so many times before, Bitcoin’s rise has an overall positive impact on other meme tokens. 

Therefore, if the overall crypto space continues to be bullish as we enter 2025, more retail investors will be willing to invest in new projects such as Wall Street Pepe. By the end of 2025, we expect $WEPE to reach a high of $0.001 per token, with a minimum price of around the $0.0008 range. 

Wall Street Pepe Price Prediction 2026 – A Look Ahead

In the medium term, $WEPE has the chance to further establish its dominance in the meme coin space. The whole purpose is to build a large community of investors – that can become profitable together. 

From a 200 billion tokens supply – 40 billion tokens are being distributed through the presale. However, another 30 billion tokens will eventually be allocated to maintain exchange liquidity. Thus, in the coming years, we may experience an even larger and more vibrant community – as more tokens will be circulating in the market. 

One integral part of establishing a larger customer following, especially in the meme coin space, is virality. Since most meme coins, including Wall Street Pepe, have a humorous or parody element, it is effective to include innovative marketing strategies to provide global appeal. 

Wall Street Pepe takes this aspect very seriously – as it has set aside 38% of its 200 billion token supply to use for marketing activities. This can provide $WEPE a more global appeal, giving it potential to become the next crypto to explode. 

By 2026, we expect $WEPE to trade between the $0.01 – $0.05 range. 

Wall Street Pepe Price Prediction 2030 – Long-Term Outlook

We have a positive long-term outlook for Wall Street Pepe due to its token utility and passive income-earning potential. 

Firstly, any crypto token needs to provide real utility to holders, to survive the test of time. For example, Wall Street Pepe aims to achieve this by providing signals and trading strategies when investing in some of the most popular meme coins in the world. 

A successful implementation of these tools will garner widespread attention from token holders – as it can lead to more profits. However, there is a level of uncertainty attached to this feature – as it is yet to launch. 

Another standout feature of Wall Street Pepe is its staking mechanism. Wall Street Pepe ensures passive income through its dynamic staking feature – where one can lock $WEPE tokens and start earning a high APY (Annual percentage yield). The exact annual yield changes depending on how many tokens are staked. 

At press time, over 950 million tokens are staked on Wall Street Pepe – with a live APY of 840%. The staking yield is distributed in proportion to your overall percentage in the staking pool. Notably, 12% of the total token supply will be allocated as staking rewards. 

Keeping these factors in mind, we predict $WEPE to trade between the $0.5 – $1 mark by the end of the decade. 

Possible Highs & Lows of Wall Street Pepe 

Here’s a quick summary of our Wall Street Pepe price prediction for 2024 – 2030: 

What Is Wall Street Pepe?

Wall Street Pepe ($WEPE) is a meme coin inspired by the iconic Pepe symbol, designed to challenge the control of Wall Street elites and crypto market whales. Its mission is to empower a community of “degens” with the tools and insights to thrive in the volatile world of meme coins.

This new cryptocurrency provides real utility by offering holders access to premium trading signals, strategies, and alpha calls. Wall Street Pepe also introduces an exclusive WEPE Army group, where members can share knowledge, receive updates, and engage in weekly trading competitions that reward successful traders while fostering collaboration.

The project has carefully allocated its token supply for marketing, trading rewards, exchange liquidity, and a presale campaign. As mentioned above, $WEPE is priced at just $0.000202 per token, with the presale already having raised over $640K, demonstrating strong early interest.

Other standout features of Wall Street Pepe include the dynamic staking mechanism – which ensures that loyal and long-term token holders can earn regular passive income. 

Wall Street Pepe combines the humor of meme culture with real benefits, aiming to unite its community under a shared vision of financial empowerment. To learn more, check out the Wall Street Pepe whitepaper and join the Telegram channel. 

What Factors Influence the Price of Wall Street Pepe?

Here is a list of factors that can potentially influence the price of $WEPE: 

• Presale performance – In the short term, the token’s presale performance will play a major factor in influencing the price. Should $WEPE conduct a successful presale – the demand could continue to rise as the project lists on cryptocurrency exchanges. 
• Marketing focus – Most of the successful meme coins use the power of humor and community engagement to go viral globally. Wall Street Pepe has allocated 38% of its total token supply for marketing initiatives. 
• Staking benefits – The $WEPE token price could be beneficial for long-term investors due to the staking mechanism. 12% of the 200 billion token supply will be allocated as staking rewards. 
• Token utility – All of the best crypto tokens must provide some utility to withstand the test of time. Wall Street Pepe will provide utility to token holders by offering access to VIP group chats, trading rewards, and access to crypto trading signals. 

Is Wall Street Pepe a Good Investment?

It is important to note that all kinds of cryptocurrencies – especially meme coins are highly volatile investments. When one invests in such digital assets, they should do so carefully, as there is no guarantee of making a return. 

Having said so, interested investors keen to get their hands on new meme coins should effectively evaluate a project before investing. In the case of Wall Street Pepe, we know that the project is providing real utility via trading signals and alpha calls. This can lead to potential profits, especially when receiving signals about some of the best meme coins in the world. It’s important to note that WEPE took the #1 spot on our list of cryptos with the most potential. 

Another good sign for Wall Street Pepe is its ongoing presale – which has been selling out quickly only a few days into the launch. As more investors pick up $WEPE on presale – there may be an opportunity for further growth in the coming months. 

We also think Wall Street Pepe could be a good investment for long-term investors who value regular returns. Through its staking mechanism – Wall Street Pepe ensures that loyal investors can earn regular rewards. 

How to Buy Wall Street Pepe

Now, let’s look at how to buy Wall Street Pepe ($WEPE) on presale, in just a few simple steps: 

• Step 1 – Get a Crypto Wallet – Download a compatible crypto wallet such as Best Wallet or Metamask. Add the extension if you are using a laptop/desktop, or download the app (Compatible with iOS/Android). 
• Step 2 – Buy ETH/BNB/USDT Tokens – $WEPE can be swapped for other tokens such as Ethereum (ETH), BNB (BNB), and Tether (USDT). Purchase one of these tokens from a crypto exchange, and transfer them to your wallet. 
• Step 3 – Connect to the Presale – Visit the Wall Street Pepe presale website and select ‘Buy with Crypto.’ Choose the wallet of your choice, and follow the on-screen instructions to connect the wallet to the website. 
• Step 4 – Buy $WEPE – Once the wallet is connected, fill in the buy order. Choose the token with which you want to make the purchase, enter the purchase amount, and confirm the transaction.

Wall Street Pepe Price Prediction – Conclusion

According to our Wall Street Pepe price prediction, $WEPE could become a potentially lucrative investment in the long term. The practical utility and long-term staking rewards make $WEPE a strong token to hold. 

Furthermore, in just a couple of days since the presale launch – $WEPE has been selling out quickly, raising over $1 million. By the end of 2030, $WEPE has the potential to reach $1 per token. 

FAQs

The post Wall Street Pepe ($WEPE) Price Prediction 2024 – 2030 appeared first on ReadWrite.

Wall Street Pepe ($WEPE) is a hilarious meme coin project that is on a mission to take on the rich Wall Street degens – by creating a community of like-minded and profit-seeking individuals. The platform will specialize in providing trading signals, alpha calls, and passive income to all Wall Street Pepe token holders. 

In our How to Buy Wall Street Pepe guide, we show interested readers how to purchase the $WEPE token on presale. We also take a closer look at the features of Wall Street Pepe, along with the project’s tokenomics and use cases. 

How to Buy Wall Street Pepe – Step-by-Step Breakdown

The sections below will show readers how to buy Wall Street Pepe ($WEPE) in four simple steps:

Step 1: Download a Crypto Wallet

Before purchasing $WEPE tokens on presale, investors can download a compatible cryptocurrency wallet. The available wallets include Best Wallet, Wallet Connect, Metamask, and Coinbase Wallet. 

When using a desktop/laptop – simply add the wallet extension and create a new account. Mobile users can download the wallet app via iOS or Android. 

Step 2: Buy Compatible Tokens

$WEPE can be purchased using some of the best crypto tokens including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). If you do not hold any of these tokens, purchase them from a suitable crypto exchange, and transfer the tokens to your newly created wallet. 

Step 3: Connect to the Wall Street Pepe Website

Now that your wallet is funded, you can visit the Wall Street Pepe website. Below the price box on the home screen – select ‘Buy with Crypto.’ You can then select the crypto wallet of your choice – and follow the instructions on-screen to continue. 

Step 4: Purchase $WEPE Tokens

After the wallet is connected, start filling in the buy order. Choose which token you want to make the purchase with – and enter the quantity of $WEPE you wish to purchase. At press time, 1 $WEPE is priced at $0.000202 per token. Thus, for just a $10 investment you will receive 49,504 $WEPE tokens. 

After entering the number of tokens you wish to purchase, confirm the transaction. Alternatively, Wall Street Pepe allows investors to purchase $WEPE tokens directly with a Credit card. 

How to Ensure Safety and Avoid Scams When Buying Wall Street Pepe

Investing in cryptocurrency tokens can be exciting, but it also comes with risks, especially when dealing with new cryptocurrency projects like Wall Street Pepe ($WEPE). Here’s a detailed guide on how to protect yourself and make secure investments.

Beware of Scams

Since crypto transactions are irreversible, losing access to your funds can be very costly. Scams are a persistent issue in the crypto world. Fraudsters often use sophisticated techniques to gain access to investors’ wallets or personal information. Here’s how to protect yourself:

• Guard Your Recovery Phrase: Your wallet’s backup phrase is the key to your funds. Write it down on paper and store it securely in a location only you can access. Never share it online or with anyone.
• Enable Two-Factor Authentication: Before logging into crypto exchanges or wallets, activate 2FA. This extra layer of security requires a second step to verify your identity, such as a code from an app like Google Authenticator.
• Use Official Channels: Always purchase $WEPE from the project’s official website. Double-check URLs and links to ensure they’re legitimate. Scammers often replicate websites to steal sensitive information.

Be Cautious with Presales

While presales offer early investment opportunities, they carry inherent risks. Here are a few things to keep in mind:

• Volatility and Uncertainty: New cryptocurrencies, even some of the best meme coins lack a track record, making their prices unpredictable. Early enthusiasm can lead to sudden price swings, and investments may not always pan out.
• Invest Responsibly: Never invest more money than you can afford to lose. Approach presales as high-risk investments, and diversify your portfolio to minimize potential losses.

What Is Wall Street Pepe?

Wall Street Pepe ($WEPE) is a groundbreaking meme coin designed to unite its community of “degens” under a common mission: to challenge the dominance of elite Wall Street traders and crypto market whales. 

Inspired by the iconic Pepe meme, $WEPE symbolizes resistance against the market’s imbalance, aiming to “turn frogs into bulls” by equipping its community with tools for financial empowerment.

At its core, Wall Street Pepe isn’t just about laughs – it’s about providing real utility. Holders of $WEPE tokens gain exclusive access to premium trading signals, strategies, and alpha calls tailored for navigating the volatile world of meme coins. 

By fostering a collaborative environment through its private WEPE Army group, the platform allows members to share insights, receive timely updates, and participate in engaging weekly trading competitions. This gamified approach not only rewards successful traders but also strengthens the sense of community among holders.

Aiming to be one of the best altcoins, Wall Street Pepe further incentivizes participation through its dynamic staking mechanism, which offers generous rewards to long-term supporters. From a total supply of 200 billion tokens – 12% will be allocated via staking rewards.  

The compound effect of regularly earning returns via staking tokens can increase the growth potential of your portfolio. Staking yields are distributed proportionally, ensuring a fair system that benefits active contributors. At press time, $WEPE can be staked to earn an annual return of 1,500%. It’s important to note that WEPE took the #1 spot on our list of cryptos with the most potential. 

The remainder of the token supply is carefully distributed for marketing purposes, trading rewards, exchange liquidity, and the presale campaign. At press time, $WEPE is priced at only $0.000202 per token. Within a couple of days, the Wall Street Pepe presale has raised more than $370K. 

For more information, go through the Wall Street Pepe whitepaper and join the Telegram channel. 

Wall Street Pepe is positioning itself as more than just a meme coin. It’s a community-driven movement to flip the script on Wall Street dominance, combining humor, strategy, and financial opportunity.

Why Should I Invest in Wall Street Pepe?

Let’s take a look at a few reasons that may propel readers to invest in the Wall Street Pepe presale: 

• Ongoing success – In only a couple of days, the Wall Street Pepe has already raised more than $370K. This is a sign of rising demand – which may continue once $WEPE conducts its exchange listings. 
• Long-term staking rewards – By offering regular passive income through the staking mechanism, Wall Street Pepe is looking to build a base of loyal and long-term investors. 
• Focus on marketing – A majority of the world’s best meme coins are still popular as they are heavily marketed globally. Wall Street Pepe wants to tap into the viral nature and potential community engagement of this sector by focusing 38% of its overall supply through marketing initiatives. 

Wall Street Pepe Price Prediction

Several factors will come into play when determining the price prediction for Wall Street Pepe ($WEPE). Let’s start by focusing on the short term. 

In the coming months, the $WEPE token price will be heavily influenced by its presale performance. Should Wall Street Pepe conduct one of the best crypto presales in 2024 – it is likely that the demand will increase as the token approaches its exchange listings. Having already raised nearly $400K in a few days, it’s fair to say that the project is off to a good start. 

Looking at the longer term, the token price will be influenced depending on the utility and market factors. While many meme coins offer huge returns, very few can sustain themselves in the long-run. Wall Street Pepe has stated that it aims to provide $WEPE holders with trading strategies and several signals to improve their earning potential in the space. 

Therefore, the success of the token could depend on the efficiency of the trading signals provided. 

Conclusion

This How to Buy Wall Street Pepe guide has shown readers how to invest in the $WEPE presale in just a few simple steps. Wall Street Pepe is a Pepe-themed meme coin that promises to compete with the Wall Street degens by providing trading signals and alpha calls. 

Currently, $WEPE can be purchased on presale for only $0.000202 per token – and has raised more than $370K in a few days. 

FAQs

The post How to Buy Wall Street Pepe ($WEPE) – Detailed Guide appeared first on ReadWrite.

Cryptocurrencies with a low market capitalization are similar to penny stocks. They offer a huge upside potential, considering the project’s small valuation. However, the risks are also high – so early investors should expect extreme volatility and the potential for sizable losses.

This guide explores the best low-cap crypto tokens on the market today. We’ll assess credible projects from multiple narratives, including meme coins, Web3 staking, PolitiFi, and self-custody storage. Read on to discover top-rated tokens with the best risk-reward ratios.

Top 10 Low Market Cap Altcoins: Analysis

Understanding the fundamentals is crucial when buying potential low-cap gems. This includes the project’s USP, current price, past performance, tokenomics, and roadmap objectives.

Read on to learn more about the low market cap crypto tokens listed above.

1. Pepe Unchained (PEPU) – The Overall Best Low-Cap Token to Buy in 2024

• Launched: Currently in presale
• Current Price: $0.01295
• Funding Raised: $57 million

Pepe Unchained is a great option when exploring new low-cap tokens. This presale project allows you to buy PEPU tokens before the broader markets. Just 14 days are left until the first tier-one exchange listing. Crucially, the Pepe Unchained presale has raised over $57 million.

This makes it one of the best crypto presales in 2024. In terms of use cases, this project has built its own Layer 2 network on Ethereum, and dedicated it to the Pepe the Frog meme character. This means that users of the Pepe Unchained L2 will be able to benefit from cheaper and faster transactions, and access a brand-new meme coin ecosystem.

Pepe Unchained has also developed a “Pump Pad”, enabling anyone to create a new meme coin from the ground up. Another feature is the “Frens With Benefits” program, which provides grants to developers building on the Pepe Unchained network. The final presale price is $0.01295, should you wish to invest.

2. Catslap (SLAP) – Brand-New Cat-Themed Meme Coin on the Ethereum Blockchain

• Launched: November 2024
• Current Price: $0.002249
• Current Market Cap: $10 million

Catslap is a brand-new meme coin that launched on November 25th, 2024. It’s based on an angry cat that slaps anything and everything. Importantly, cat-themed tokens are one of the top-performing narratives in this current cycle.

As such, Catslap’s $10 million market capitalization is appealing. The long-term aim is to become the largest project in this niche. Catslap must replace Popcat (POPCAT) to achieve this goal – and the POPCAT token is currently valued at over $1.2 billion. Therefore, an upside of 120x would be required.

While this might sound far-fetched, consider that Catslap was initially launched at just $0.00011. This means early buyers have already witnessed 20x gains. What’s more, the SLAP price is currently 50% below its previous peak, so now could be a great time to secure a bargain.

3. Crypto All-Stars (STARS) – Web3 Staking Ecosystem for the Leading Meme Coins

• Launched: Currently in presale
• Current Price: $0.0016384
• Funding Raised: $6.7 million

Crypto All-Stars is bringing utility to the world’s best meme coins. Put simply, its “MemeVault” allows meme coin investors to stake their holdings in one safe place. This includes everything from Pepe and Dogecoin to Brett, Popcat, and Bonk.

Not only do investors receive competitive staking rewards, but they also earn STARS – the project’s native token. This makes Crypto All-Stars a solid option for long-term investors seeking passive rewards. Another benefit is that Crypto All-Stars is currently a presale project.

Over $6.7 million has been raised, and you can still secure a discounted price. The rate is currently just $0.0016384 – and the presale event will close in 21 days. After that, STARS will begin trading on exchanges. Do note that STARS has received two audits, including Coinsult and SolidProof.

4. Flockerz (FLOCK) – Innovative Meme Project Backed by a Vote-to-Earn Protocol

• Launched: Currently in presale
• Current Price: $0.006175
• Funding Raised: $3.7 million

Flockerz is reshaping the meme coin space with its innovative Vote-to-Earn protocol. Unlike most low-cap meme coins, Flockerz is a decentralized project run for and by the community. This means that all project decisions are democratic, with token holders voting on key proposals.

For example, FLOCKERZ could ask the community which social media networks to advertise on, or which exchanges to apply to. What’s more, voters receive free FLOCK tokens as an incentive, ensuring that a large percentage of the community engages.

FLOCKERZ, which is built on the Ethereum blockchain, is also one of the best small-cap crypto tokens for staking. Those investing in the presale are currently earning APYs of 621%. The ongoing presale has raised over $3.7 million, and the current price is $0.006175.

5. Best Wallet (BEST) – Revolutionary Self-Custody Wallet Packed With Crypto Features 

• Launched: Currently in presale
• Current Price: $0.02285
• Funding Raised: $1.4 million

Best Wallet is one of the fastest-growing presale projects in recent months, with over $1.4 million raised in the first two weeks. Unlike most presales, Best Wallet is already an established ecosystem. It offers self-custody wallet apps for iOS and Android, with a browser extension in development.

Best Wallet supports over 60 blockchains, ensuring investors can store all of their tokens in one safe place. Moreover, Best Wallet comes pre-built with a decentralized exchange. This enables users to buy, sell, and trade tokens without leaving the app.

Plus, the exchange provides complete anonymity and privacy. Other features include staking aggregators, access to new presales, and compatibility with regulated crypto casinos. Best Wallet will also launch a crypto-backed debit card, allowing users to spend their balances in the real world.

6. SPONGE V2 (SPONGEV2) – Buy-to-Stake Meme Coin Inspired by SpongeBob SquarePants

• Launched: Currently in presale
• Current Price: $0.000018
• Funding Raised: $390,000

SPONGE V2 is another good option for meme coin investors. This is “part two” for the SPONGE project, with V1 now being discontinued. For those unaware, SPONGE V1 generated gains of over 100x last year. This feat was even more impressive considering that the wider markets were bearish.

SPONGE V2 is currently running a buy-to-stake presale. This enables investors to buy V1 tokens, bridge them to V2, and benefit from a heavily discounted price. According to the SPONGE V2 website, over $390,000 worth of tokens have already been staked and bridged.

Those investing in the presale also earn staking rewards. The APY is modest at just 19% – but SPONGE is a strong brand in the global meme coin space, with nearly 60,000 people holding V1 tokens. The presale accepts MATIC and USDT on the Polygon network.

7. FreeDum Fighters (DUM) – Top-Rated PolitiFi Token With Community-Driven Experiences 

• Launched: Currently in presale
• Current Price: $0.000107
• Funding Raised: $660,000

FreeDum Fighters is one of the best low-cap crypto projects from the PolitiFi niche. This is one of the hottest trends right now, especially with the recent US election result. FreeDum Fighters has developed community-driven experiences that center on political voting.

There are two main characters – namely MAGATRON from the FreeDum Party, and Kamacop 9000 from the LibDum Party. Those holding DUM tokens can vote for their preferred candidate. Picking the winning party rewards holders with extra DUM.

While the FreeDum Fighters ecosystem is based on satirical humor, this narrative has proven popular with crypto investors – and the project’s presale currently offers a discounted entry price of just $0.000107. Over $660,000 has been raised, and the presale ends in eight days.

8. Mochi (MOCHI) – One of the Original Base Meme Coins With a Strong Social Brand 

• Launched: December 2023
• Current Price: $0.00001351
• Current Market Cap: $12 million

Mochi is one of the best Base meme coins on this list. Launched in December 2023, Mochi is based on Coinbase CEO Brian Armstrong’s pet cat. Alongside Toshi, it’s one of the original projects to build within the Base ecosystem, which is why it received a grant from Coinbase.

Mochi has developed a strong social brand since its inception, including over 43,000 Instagram followers and almost 1 billion GIF views across multiple social networks. What’s more, Mochi has acquired tens of thousands of unique token holders.

At the time of writing, Mochi has a market capitalization of just $12.6 billion. This is over -83% from its all-time high, which was hit in March 2024. However, Base is one of the fastest-growing L2 networks – so a substantial bull run is expected in the coming weeks and months.

Note: You can buy Mochi on MEXC, with commissions capped at 0.02%.

9. WiFi Map (WIFI) – Undervalued DePIN Project That’s Decentralizing the Internet  

• Launched: August 2023
• Current Price: $0.03463
• Current Market Cap: $18 million

WiFi Map is one of the best DePIN coins for low-cap investors. In a nutshell, the project is decentralizing internet connectivity. Anyone can join the WiFi Map ecosystem by providing a hotspot, either from a home-based device or a smartphone.

Anyone using that hotspot pays fees in WIFI tokens, which are distributed to the respective user. This incentivizes people to share their excess bandwidth. Users can also earn WIFI tokens by verifying existing networks and testing internet speeds.

WIFI can be redeemed for eSIM mobile data at a 15% discount, or simply sold on crypto exchanges like HTX and Gate.io. Currently, WiFi Map has a modest market capitalization of just $18 million. The project is up over 40% in the past week – however, it’s also down almost 75% since launching in August 2023.

Note: You can buy WiFi Map on Gate.io, with commissions capped at 0.1%.

10. DexCheck (DCK) – AI-Based Project With Crypto Analytics and Risk Management  

• Launched: July 2023
• Current Price: $0.04195
• Current Market Cap: $28 million

DexCheck AI is one of the best low-cap crypto projects for gaining exposure to artificial intelligence (AI). It has developed a proprietary algorithm that helps crypto investors make smart decisions, especially when trading on decentralized exchanges.

For instance, DexCheck can send real-time alerts when token unlocks are executed, new pairs launch on specified blockchains, and whale wallet movements are detected. It also offers complete automation, enabling users to instantly buy suggested tokens.

Risk management is also covered with immediate smart contract analysis, helping users to avoid scams. The project’s native token, DCK, is needed to unlock the full set of features. Plans cost $150 or $750, depending on the required functionality. DCK is currently valued at just over $28 million.

What is Low-Cap Crypto?

Low-cap cryptocurrencies have a small market capitalization, making them appealing to high-risk and high-return investors. No universally agreed amount defines a low-cap project – but in this guide, we’ve opted for coins and tokens valued at under $100 million. Anything above this would either sit in the mid- or large-cap categories.

A token’s market capitalization is based on two key metrics (which are multiplied together to determine the market cap):

• The token’s supply
• Its current price

Some investors opt for the general market capitalization, which considers the “circulating” supply. This only covers coins or tokens that have already been issued. For example, suppose the circulating supply is 10 million, and the current price is $1. This would translate to a market capitalization of $10 million.

Alternatively, some investors use the “fully diluted” market capitalization. This considers the “maximum” supply, even if some coins or tokens haven’t been released yet.

• For instance, the example above stated a circulating supply of 10 million.
• However, the maximum supply is 20 million, meaning only 50% is in circulation.
• At a current price of $1, this amounts to a fully diluted market capitalization of $20 million.

This is the safest metric to use when analyzing a low-cap crypto, as you won’t need to account for future token issuances.

How to Find Low Market Cap Cryptos

This section discusses common ways of finding low market cap cryptocurrencies.

CoinMarketCap

CoinMarketCap is one of the most popular platforms to use when searching for low-cap projects. It tracks thousands of cryptocurrencies from hundreds of exchanges. Cryptocurrencies are ranked from the highest market capitalization to the lowest.

Once you get to about page 7, you’ll see low-cap coins and tokens. You can then sort projects based on your preferred metric – such as the best-performing projects in the past day or week. Clicking on a project reveals additional information, including volume and social media links.

Birdeye

Birdeye is a data aggregation website like CoinMarketCap. However, it’s significantly more advanced and solely tracks cryptocurrencies from decentralized exchanges. This is where the vast majority of low-cap cryptocurrencies are listed.

Birdeye tracks millions of digital assets from almost every network, including Base, Arbitrum, and Solana. This enables investors to find low-cap projects from their preferred ecosystem. Birdeye comes packed with filters too.

For example, you can tell Birdeye to only show coins and tokens with a market capitalization below $100 million. You can then niche down further, and choose to focus on projects that were created at least one week ago, with a minimum trading volume of $500,000.

Follow Whale Wallets

Crypto whales are the industry’s biggest investors, often risking six or seven-figure amounts on a single trade. While some prefer large-cap projects, others focus on low-cap gems that have the potential to explode.

Therefore, using a whale-tracking site can be a smart move. You’ll receive a notification whenever a whale buys or sells crypto. The tokens they buy could be the next cryptos to explode – especially if the whales invest substantial amounts.

Presales

Another method is to explore crypto presales, also known as initial coin offerings (ICOs). These are new cryptocurrencies that haven’t been listed on exchanges yet, and are currently raising funds from investors.

One major benefit of ICOs is that presale investors get the lowest price possible, often meaning an immediate upside when the tokens are launched on exchanges. The top crypto presales also tend to be for low-cap tokens, as they’re brand-new to the market. However, this also means the risks are high, as you’re investing in early-stage projects that have yet to be proven successful.

We discussed several presale tokens earlier, including Pepe Unchained. This presale has raised over $57 million, and there are just 14 days left before it ends. Pepe Unchained, which has built its own Layer 2 network on Ethereum, will then be listed on tier-one exchanges.

Benefits of Investing in Low-Cap Crypto Coins

Let’s explore why low-cap crypto projects could be a solid investment.

High Growth Potential

The main reason to buy low-cap crypto coins is for their high growth potential. Importantly, low-cap projects have a much bigger upside when compared to their large-cap counterparts. This is because of the price impact that can occur when someone with significant funds invests in the project – especially if they happen to be a whale.

For example, suppose a crypto whale invests $2 million into Bitcoin. The price impact would most likely be minimal, as Bitcoin already has a market capitalization of about $1.9 trillion.

Now compare this with a project that has a $10 million market capitalization. A $2 million investment would likely cause a significant price increase. Crucially, these market dynamics mean that low-cap cryptocurrencies have a lot of room for further growth.

Invest in Undervalued Projects

Low-cap projects are often undervalued. This could be because the project is behind an unproven product or service, or because of broader market conditions. Either way, investing in undervalued cryptocurrencies can be a solid strategy – especially when you have courage in your convictions.

For example, we mentioned earlier that Catslap is currently valued at just $10 million. This could represent a smart buy if you strongly believe in the cat-themed meme coin narrative.

Simple to Diversify

Unlike large-caps, millions of low-cap cryptocurrencies exist. This makes it easy to create a diversified portfolio.

For example, suppose you’ve got $1,000 to invest in low-cap projects.

You could allocate the funds to five different blockchain ecosystems, such as Ethereum, Solana, BNB Chain, Base, and Arbitrum. Then, you could niche down further by investing in different crypto categories. These could include meme coins, DePIN, AI, RWA, and more.

Ultimately, diversification gives you the best chance possible of finding the next 100x crypto. It can also reduce the risks of significant financial loss (if combined with effective position sizing), as you won’t be overexposed to any single project.

Conclusion 

Low-cap cryptocurrencies are ideal for investors seeking the biggest gains. Their low valuation means that the upside is substantially higher than Bitcoin, Ethereum, and other large-cap projects. However, the risks are also far greater – so diversification is important.

Overall, our analysts have recommended Pepe Unchained (which is building its own Layer 2 network on the Ethereum blockchain) as a low-cap crypto with impressive potential. It’s a presale project with just 14 days left – and so far, over $57 million has been raised. Pepe Unchained will be listed on tier-one exchanges once the presale concludes.

FAQs 

The post 10 Best Low Market Cap Cryptos to Buy in 2024 appeared first on ReadWrite.

Join us as we break down MetaMask vs. Trust Wallet and look at their features, fees, customer support, and overall user experience!

Supported Cryptocurrencies

• Trust Wallet – 10/10
• MetaMask – 8/10

Trust Wallet supports over 10 million cryptocurrencies and NFTs and is integrated with over 100 blockchain networks. You can even add new custom tokens that aren’t displayed by entering the token’s contract address.

In contrast, MetaMask only supports EVM-based networks (Like Ethereum, Polygon, Base, etc.) and ETH-based tokens. According to estimates, there are more than 500,000 ETH-based tokens, so plenty of coins are available to store and swap. However, MetaMask is notably incompatible with Bitcoin.

Are Trust & MetaMask Wallets Centralized or Decentralized?

• Trust Wallet – 9/10
• MetaMask – 9/10

Trust and MetaMask are both decentralized wallets. These issue private keys, which you use to prove ownership of your digital assets and sign transactions, in contrast to centralized wallets, where a third party has complete control over your crypto, and you’re trusting them to store it.

Trust and MetaMask are also both software wallets. That means the wallets are connected to the internet, and you can access them from a desktop browser extension or mobile wallet app.

Hardware wallets like Trezor and Ledger are another type. These feature a physical device that stores your private key in an encrypted chip. To use a hardware wallet, you need to connect to your mobile or desktop.

Trust Wallet vs. MetaMask Pricing & Fees

• Trust Wallet – 8/10
• MetaMask – 7/10

These top-rated software wallets are free to download and use. However, Trust Wallet and MetaMask charge fees when swapping, buying, selling, and transferring cryptocurrencies.

To purchase cryptocurrency through Trust Wallet, you’ll be connected with Simplex, a third-party provider that charges between 3.5% and 5% per transaction. MetaMask also includes a Buy Crypto function and is integrated with payment processors like MoonPay and Onramp, which work just like Simplex and charge hefty transaction fees of around 5%.

When you swap cryptocurrencies within MetaMask, you’ll pay a 0.875% service fee. Trust Wallet doesn’t charge fees for swaps, but the spread can be vast depending on the tokens you are swapping.

As with all crypto wallets, when you transfer cryptocurrencies from MetaMask and Trust Wallet, you’ll have to pay a network fee. The fee is based on the blockchain network you’re using. The wallets recommend a fee, but you can also alter it.

Security & Regulation

• Trust Wallet – 8/10
• MetaMask – 8/10

MetaMask and Trust Wallet are hot wallets that rely on the internet, so they will never be as safe as hardware wallets like Ledger and Trezor.

Users of both wallets have had their accounts breached due to their seed phrase being exposed or accidentally downloading malware onto their devices. You need to be extremely careful about clicking links and downloading files and never give out your recovery phrase under any circumstance.

That said, if you follow basic cybersecurity recommendations, MetaMask and Trust Wallet are secure. These wallets use strong encryption to hide your private key. A password and FaceID protect your account, and you can restore your wallet anytime via your 12-word seed phrase.

MetaMask and Trust Wallet also run bug bounty programs and are constantly looking for patching vulnerabilities. Even though both are secure, we recommend investing in a hardware wallet if you hold a large amount of crypto.

Trust Wallet vs. MetaMask Features, Resources & Tools 

• Trust Wallet – 8.5/10
• MetaMask – 7/10

Trust Wallet and MetaMask offer almost identical features. These wallets let you buy, sell, and swap crypto directly from the app or browser extension. You can also securely store and trade NFTs and stake over 20 tokens.

1. Buying & Selling Crypto

Thanks to Trust Wallet and MetaMask, you no longer have to rely on an exchange to trade crypto. Both come with an instant buy/sell crypto feature and accept credit/debit cards, including Mastercard, Visa, and other payment methods like PayPal and bank transfer.

However, you need to be careful of the fees. The wallets rely on third-party payment processors like Simplex and MoonPay, which impose sky-high fees of up to 5%. MetaMask charges an additional 1%, while Trust Wallet doesn’t levy any fees. Also, Trust Wallet accepts more fiat currencies, and you can purchase over 300 cryptocurrencies for as little as $10.

In most cases, you’re better off trading at exchanges due to the lower costs (many exchanges offer free withdrawals via bank transfer and only charge 0.1% in trading fees) and then using MetaMask and Trust Wallet to store your tokens securely.

2. Swapping Crypto

You can swap thousands of tokens instantly at Trust Wallet and pay zero fees. However, watch the spread; you won’t receive the exact market price. Making swaps couldn’t be easier. You simply select the token you wish to exchange and receive, enter the amount, and confirm the transaction.

The swapping process at MetaMask is similarly smooth and fast. However, a significant downside is the 0.875% fee, which is 8x higher than you’d pay when swapping cryptocurrency at an exchange like Binance or OKX.

MetaMask and Trust Wallet are integrated with a number of market makers, exchange aggregators, and decentralized exchanges, including Uniswap, AirSwap, and OpenOcean. You won’t have any issues with liquidity or slippage, even if you’re swapping 5–6 figures.

3. Staking Crypto

At Trust Wallet, you can stake over 25 cryptocurrencies, including Ethereum, Solana, Tron, Sui, and Cardano. The process is simple, and you don’t have to leave the wallet. Trust Wallet is transparent about the exact rewards you’ll receive. For example, Tron is currently paying 5% PA, while you can also secure a 5% yearly yield on your Solana holdings.

Unfortunately, you can only stake Matic and Ethereum at MetaMask at the moment. MetaMask also charges a 15% fee. Right now, it only offers a 2.7% yield on Ethereum compared to Trust Wallet, where you can earn 3% on ETH.

4. dApps

dApps are applications built on blockchain networks that use smart contracts to execute tasks when conditions are met, such as granting loans when collateral requirements are fulfilled or paying out winning wagers when a bet has been settled.

Both Trust Wallet and MetaMask enable you to effortlessly connect to thousands of DeFi, marketplace, gaming, and social network dApps. Some of the most popular dApps we recommend checking out are Aave (crypto loans), Axie Infinity (p2e game), and Steemit (crypto-powered social media).

5. Bridging Tokens

Another service Trust Wallet and MetaMask provide is bridging. This is where you move a cryptocurrency to another blockchain network. For example, you may move USDC from Ethereum to Polygon.

MetaMask charges a 0.875% fee to bridge crypto tokens. Trust Wallet doesn’t charge anything for this service, and you can perform swaps across more networks than at MetaMask, including Ethereum, Bitcoin, Avalanche, and BNB.

6. NFTs

Trust Wallet supports upwards of 600 million non-fungible tokens (NFTs), enabling you to store and showcase your digital art collection across blockchains from one centralized place. Trust Wallet also seamlessly connects with Solanart, Rarible, OpenSea, and other top marketplaces so you can effortlessly add to your NFT collection or make a profit.

MetaMask is also a secure place to store NFTs and is integrated with top-rated marketplaces. However, MetaMask doesn’t support as many non-fungible tokens as Trust Wallet. Currently, you can only store ERC-721 and ERC-1155 NFTs and send ERC-721 digital artworks.

7. Debit Card

One aspect where MetaMask has Trust Wallet beat is spending ability. MetaMask is in the process of releasing its very own Mastercard, which lets you spend your crypto in over 200 countries with more than 100 million merchants.

The MetaMask Mastercard will work like a standard debit card, but you’ll spend crypto instead of fiat currency. Currently, Trust Wallet has no plans to offer a debit card.

DeFi & dApps Compatibility

• Trust Wallet – 8.5/10
• MetaMask – 7/10

If you’re looking for a DeFi-friendly wallet, Trust is a great bet. With a click of a button, you can stake over 25 cryptocurrencies. Stargaze currently offers the best yield, paying 25% per annum, while Tron, Solana, and Cardano all yield 5%.

Staking is flexible at Trust Wallet, and tokens are only locked up for a few days. For example, you won’t be able to access your staked Ethereum for 4 days.

MetaMask’s in-app staking is a little underwhelming, with only Ethereum and Matic available. Also, the rewards are significantly lower than at Trust Wallet because MetaMask insists on a 15% fee.

However, if you stake 32 ETH or more, your validator will be operated by MetaMask Staking. You’ll qualify for lower fees and higher rewards without having to run your own hardware, and no technical skills are required.

Neither Trust Wallet nor MetaMask offer crypto loans or prediction markets. However, these DeFi services are available through popular dApps like Aave and Polygon. Loans are approved instantly and are flexible. You just need to maintain the required capital and pay monthly interest.

Trust Wallet vs. MetaMask User Experience

• Trust Wallet – 8/10
• MetaMask – 8.5/10

Trust Wallet and MetaMask are beginner-friendly wallets with prominent Send and Receive buttons, so you shouldn’t encounter issues moving your digital assets around.

Likewise, swapping tokens is a walk in the park. You just hit the Swap button, select the crypto you wish to exchange, and enter the amount. Trust Wallet and MetaMask will handle the rest. When testing swapping on both wallets, we found transactions were processed instantly, and our freshly swapped crypto was waiting for us when we opened our portfolio.

MetaMask and Trust Wallet both simplify the staking process. Again, you select the token you wish to stake, and the wallets handle all of the technical stuff. Your rewards will be paid directly into your wallet, and we haven’t heard of anyone losing their tokens.

MetaMask presents a slightly cleaner and more aesthetic interface compared to Trust Wallet — both sport minimalist designs with light and dark modes available. However, in our opinion, MetaMask looks a little better, and the app is slightly faster.

Also, one thing we didn’t like about Trust Wallet is that you can’t protect your account with 2FA, which is available on MetaMask.

Withdrawal Processes

• Trust Wallet – 8/10
• MetaMask – 8/10

The withdrawal process is straightforward and virtually identical at Trust Wallet and MetaMask. All you do is select a cryptocurrency, tap the Send button, enter the number of tokens you wish to transfer, and paste the recipient’s wallet address.

The transaction will then be validated, and you can track its status on the blockchain. Typically, the recipient will receive the crypto within a few minutes. There are no limits when withdrawing crypto from Trust Wallet and MetaMask. You’ll just need enough funds to cover the network fee.

Trust Wallet vs. MetaMask Customer Support

• Trust Wallet – 6.5/10
• MetaMask – 7.5/10

MetaMask offers customer support via its FAQ section, community forum, and live chat. The live chat is available 24/7. Initially, you’ll talk to a chatbot, but you can quickly connect to a human agent.

Trust Wallet also features an FAQ page, but you can also email them at support@trustwallet.com. Unfortunately, Trust Wallet only offers a chatbot; you can’t connect directly with a support agent.

The Verdict

Now that you’ve read our Trust Wallet vs. MetaMask review, you’ve seen how the two industry-leading crypto wallets of them fare against each other.

On the one hand, MetaMask is the most popular wallet for DeFi interactions in the world, as well as the first wallet every developer integrates with its dApp. It’s slightly easier to use than Trust Wallet, and has a better customer support ecosystem built around itself.

On the other hand, MetaMask doesn’t support Bitcoin and charges very high fees for staking and swaps. Trust Wallet is compatible with BTC and 10 million other cryptocurrencies, offers fantastic staking rewards for over 25 cryptocurrencies, and doesn’t charge a dime for swaps.

Even though Trust Wallet may have a slight edge against MetaMask, it’s not the top wallet on the market. Check out our guide to the best decentralized wallets to see which providers we have our eyes on!

FAQs

The post Trust Wallet vs. MetaMask – Which Is Best in 2024? appeared first on ReadWrite.

The two are still comparable, and it’s worth studying where they differ or operate similarly, and especially which is better.

That’s where this comprehensive eToro vs. Coinbase comparison guide comes in, exploring both platforms’ strong and weak points.

How Many Cryptos Can You Trade on eToro & Coinbase?

• eToro: 8/10
• Coinbase: 9/10

The eToro vs. Coinbase war revealed a clear winner in this battle, and it’s Coinbase. That’s simply because this popular exchange supports more cryptocurrencies — at least 260, while eToro lists just over 110.

Even though Coinbase’s number is double that of eToro’s, the two are still on relatively even ground as both platforms cover the major coins like Bitcoin, Ethereum, Solana, BNB, XRP, Dogecoin, and Cardano.

Unfortunately, USDT is unavailable on eToro, which might be an issue for some investors. On the other hand, Coinbase doesn’t let you trade BNB, Tron, and Monero. Keep in mind that Coinbase lists over 17,000 coins, but only around 260 of these can be traded on the platform.

eToro Fees vs. Coinbase Fees

• eToro: 9/10
• Coinbase: 8/10

eToro and Coinbase operate with very different fee structures. Like most other crypto platforms, Coinbase uses a standard maker/taker fee structure, while eToro charges a simple and, more importantly, fixed fee for buying and selling crypto.

Coinbase’s model leads to lower fees, as takers pay between 0.05% and 0.6%, depending on their monthly net trade amounts, while eToro charges a 1% fee on every trade.

Coinbase’s pricing is thus more competitive at first glance, but it falls short once you account for the various other fees you have to pay and the high spreads. The fees on Coinbase are among the highest in the crypto trading sector, which is one of the main reasons various traders are looking for the best Coinbase alternatives.

More importantly, depositing and withdrawing are often more expensive on Coinbase than on eToro. Depositing is free on eToro, while Coinbase charges a $10 fee for wire transfers and a €0.15 fee on SEPA transfers. ACH and swift deposits are free.

All withdrawals come with a fixed $5 fee on eToro, while Coinbase charges $25 for wire transfers and £1 for swift withdrawals. ACH and SEPA are free.

Conversion fees are levied on both platforms, but the pricing is complex and differs for various transactions, meaning there’s no clear winner.

Analysis, Tools & Features

• eToro: 9/10
• Coinbase: 7/10

Both eToro and Coinbase offer retail clients a comprehensive suite of features and services.

eToro focuses on diverse trading instruments beyond crypto, social trading, copy trading, smart portfolios, and demo accounts. Coinbase is primarily a crypto exchange with advanced trading tools, many staking options, and Web3 capabilities.

1. Staking

Staking exists on both platforms, but it’s much better on Coinbase for the sheer number of coins you can stake and typically good APYs. Coinbase lets you stake 150 cryptocurrencies, while eToro supports only four.

Coinbase tends to offer single-digit APYs, typically between 1% and 8% on popular coins, but it does feature some notable standouts. For instance, you can earn 12.36% staking Polkadot, 13.89% from Cosmos, and 20.43% from Terra.

The available cryptos on eToro, ETH, SOL, ADA, and TRX, all come with variable APYs of around 6%. Still, they can go up considerably depending on the network conditions and your club membership.

Speaking of the membership, the higher your tier, the more of the staking rewards you’ll keep, with Diamond members retaining 90% on all coins. This is far better than Coinbase, where the platform keeps 26.3% of the rewards from Coinbase One members.

If you want more options, check out our list of the best crypto staking platforms.

2. Derivatives

You’ll find derivative trading on both exchanges, but the two focus on distinct forms of derivatives. eToro specializes in CFDs, while Coinbase focuses on crypto futures.

The choices on eToro are much broader as it offers Contract for Difference (CFDs) on crypto, stocks, indices, forex, and commodities. At the same time, Coinbase only offers Bitcoin and Ethereum perpetual futures contracts.

3. Copy Trading

Copy trading is a neat feature ideal for beginners since it lets them copy trades from pro traders and gain insights from what the experts are doing. This is something eToro is renowned for as one of the best copy trading platforms on the market, while Coinbase doesn’t deliver any copy trading functionalities.

eToro includes the CopyTrader tool, which lets you automatically copy trades from others and seamlessly pick between investors based on their preferred assets, performance, and risk profile. Once you start copying investors, you can leave the tool to execute the trades automatically, while you can set stop loss orders to ensure you don’t suffer significant losses.

4. Smart Portfolios

Smart portfolios are another feature found only on eToro that complements copy trading. These portfolios are effectively baskets of assets with specific trading goals and targeting specific trading niches. You could compare them with smaller ETFs. You can easily copy any of these and start trading automatically.

5. Learning Rewards

Coinbase is equipped with a unique feature that rewards you for learning. In essence, you will watch lessons and complete quizzes to earn rewards in the form of crypto.

Learning Rewards is an excellent opportunity to learn something new and earn extra coins to boot. eToro does not offer a similar feature.

6. Demo Accounts

Demo accounts are a great way to try a trading platform without risking your own funds. Essentially, they work the same as real accounts, so you can place trades to see what happens, but without using real money. The feature is available on eToro and comes with $100,000 in virtual funds, but you won’t find it on Coinbase.

7. Wallet

Both platforms provide separate wallets for their users, and you can download either on your phone, with the Coinbase Wallet also working as a browser extension.

Overall, Coinbase’s wallet is better as it’s non-custodial, comes with a built-in dApp browser and DeFi support, and stores more cryptos than you can trade on the exchange. On the other hand, the eToro Money app is a simple custodial wallet primarily designed for storing crypto found on the eToro platform, and it doesn’t let you send crypto back to your trading account.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Coinbase vs. eToro User Experience

• eToro: 9/10
• Coinbase: 8/10

Good news for beginners: both eToro and Coinbase primarily target beginner traders. At the same time, they offer a good deal of features and tools that will appeal to more experienced traders.

The onboarding process is slow and long on both, but this is expected from highly regulated trading tools.

Both platforms are well organized, making navigation easy. However, eToro is slightly better in this regard, as its categories and sections are more intuitive. Plus, you can enjoy the same experience on mobile.

Trading on eToro is more straightforward; all you need to do is open up the page for the coin you want to buy and start trading. Every order comes with a fixed fee, and that’s it. On the other hand, Coinbase uses complex fee structures and deals with crypto pairs.

However, it’s worth noting that the rest of eToro might be a bit tougher to grasp for beginners, as it requires financial trading knowledge.

Mobile Trading Apps

• eToro: 8/10
• Coinbase: 7/10

Coinbase and eToro offer dedicated mobile apps for both iOS and Android devices, and both look much like their desktop counterparts. However, eToro does a slightly better job in this regard, owing to its minimalist design.

eToro’s app is quite fast on either operating system and offers the same features as the web-based platform. More than that, the fees are the same, and so are the spreads.

The Coinbase app makes searching for trades easy and quick, but bear in mind that the fees might differ from those on the web platform. This is one of the few downsides found while testing the apps.

eToro’s downsides were more on the technical side, with many investors complaining about crashes, typically on the Android app.

Deposits & Withdrawals

• eToro: 8/10
• Coinbase: 8/10

eToro and Coinbase are comparable in terms of their payment systems. Both offer a wide range of options for depositing and withdrawing, including commonly used options like debit cards, PayPal, bank transfer, and Sofort.

Minimum transaction amounts differ significantly, and even internally, between payment methods. eToro imposes higher requirements for first-time depositors, which vary based on your country, while subsequent deposits often need to be $50 or higher. Coinbase makes things easier here, with a $10 minimum in most cases.

As for minimum withdrawals, on Coinbase, they’re usually subject to the requirements of the specific payment providers on offer. eToro, on the other hand, imposes a straightforward $30 minimum requirement across the board.

eToro generally processes deposits within seconds, while Coinbase tends to handle withdrawals much quicker — instantly or within a few days.

Customer Support

• eToro: 9/10
• Coinbase: 8/10

Customer support systems are robust on both platforms. You can contact agents on eToro via live chat, which operates around the clock from Monday to Friday, and by email. Coinbase offers support via 24/7 live chat and phone, mainly in the US (1-888-908–7930) and the UK (+44 808 168 4635).

Both platforms are reasonably quick to respond via live chat, while eToro usually answers tickets and emails in one or two business days. Coinbase is reportedly harder to reach, at least judging by the many user reviews and feedback on sites like Trustpilot.

Licensing & Security

• eToro: 9/10
• Coinbase: 9/10

Both eToro and Coinbase are among the safest and most well-regulated trading platforms on the planet.

eToro holds your assets in both hot and cold storage, while Coinbase claims to keep as much as 98% of assets in cold storage. However, eToro partners with reputable banks like J.P. Morgan, Deutsche Bank, and UBP to store fiat funds so investors can rest easy.

As for account security, both platforms offer added security features like 2FA and biometric authentication.

Conclusion

During this eToro vs. Coinbase comparison, it was easy to grasp the overall quality of both platforms.

The two share many similarities, like similar crypto trading features, staking, and advanced trading tools. However, they are still quite different, especially considering that eToro offers a lot more than just crypto trading, such as stocks, commodities, indices, and forex.

When it comes to trading and transaction fees, Coinbase comes with more supported cryptos and lower trading fees, but eToro’s pricing is much more straightforward; it sports more advanced trading features and excels at derivatives trading. Moreover, eToro offers copy trading tools, smart portfolios, and demo accounts, none of which are found on Coinbase. Overall, eToro is the better choice.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FAQs

The post eToro vs. Coinbase — Which Is Best in 2024? appeared first on ReadWrite.

As the largest crypto exchange worldwide, Coinbase has a lot going for it. It’s a highly liquid marketplace that features an interactive design and supports hundreds of more and less popular coins with excellent passive income opportunities.

However, the platform imposes quite high transaction fees, offers weak customer service, and holds access to users’ private keys. If any of these flaws are a dealbreaker for you, our list of best Coinbase alternatives is worth checking out.

Keep reading to learn about other excellent crypto exchange brands you can use for trading and find out what they offer and how they’re better than Coinbase.

Best Alternatives to Coinbase — Reviewed

Now that you’re familiar with the 2024’s best Coinbase alternatives, let’s break down why they’re ideal for investors looking to switch platforms.

1. eToro — Best Coinbase Alternative Overall with Excellent Social Trading Tools

eToro ranks as one of the most popular crypto exchanges around the world. It’s an investment platform covering over 6,000 trading assets. Its portfolio includes ETFs, stocks, indices, commodities, and more, catering to users whose interests expand beyond crypto.

When it comes to coin selection, eToro doesn’t match Coinbase’s variety. With around 80 coins available internationally, it misses many niche options that Coinbase’s 240-strong lineup offers. Still, eToro remains the go-to option for many casual traders.

Why we like eToro over Coinbase: The platform launched in 2007 with the mission of making crypto trading accessible to everyone, and it still delivers on that goal. Its social trading tools and resources are unmatched, even by user-friendly platforms like Coinbase.

With features like CopyTrader and CopyFunds, eToro ranks among the best copy trading platforms worldwide. It lets beginners replicate the trades of experienced investors hassle-free, while FCA, CySEC, and ASIC regulations guarantee utmost safety in the process. Its great customer service is only the cherry on top. For a detailed review of how eToro fares versus Coinbase, check out our article on eToro vs. Coinbase.

2. MEXC — Diverse Selection of Cryptos with Advanced Trading Features

While not as well-established or famous as Coinbase and eToro, MEXC holds its own on the modern crypto exchange market.

Since its debut in 2018, MEXC has expanded to 170 countries and secured compliance licenses in the US, Canada, Australia, and Switzerland. Today, it features a sleek trading platform with over 10 million active users and billions of dollars in trading volume.

Thanks to its long track record, Coinbase ticks quite a few of these boxes. Still, it can’t compete with MEXC in terms of cryptocurrency variety and advanced trading features.

Why we like MEXC over Coinbase: MEXC currently supports over 2,700 coins and over 3,000 trading pairs, including many of the best altcoins you can buy in 2024. On top of that, its trading options, such as futures trading, margin trading, spot trading, and more, surpass the lineup available at Coinbase.

Coinbase offers only a small portion of these features, primarily to its Pro-plan users, with taker fees higher than MEXC’s 0.02%.

3. Margex — Competitive Fees and Great Leverage Trading Options

Launched in 2019, Margex is a small and relatively fresh digital asset trading platform.

During its short career, it has expanded to around 150 countries, amassed close to 500,000 active users, and incorporated nearly 60 cryptocurrencies. While these metrics still fall short of Coinbase’s, the younger platform’s fee structure and leverage trading make up for it.

Why we like Margex over Coinbase: Margex charges as little as 0.019% for limit orders and 0.06% for market orders and imposes no extra costs on crypto deposits and withdrawals.

The brand also offers up to 100x leverage on trading with popular cryptocurrencies like Bitcoin, as opposed to Coinbase’s 20x. Together with great forex trading opportunities, this advantage accommodates all risk-averse users seeking to magnify their gains.

4. Exodus — Non-Custodial Wallet Offering Full Control Over Your Assets

Exodus is another prominent crypto platform known around the globe. Unlike the other options on this best Coinbase alternatives list, it primarily functions as a non-custodial wallet.

Launched to help users buy, store, and sell cryptocurrencies, Exodus has built its reputation on a user-centric approach. This focus has enabled the platform to incorporate exchange-like features into its offerings. Today, Exodus supports over 300 cryptocurrencies, facilitates NFT trading, and integrates with various DeFi projects and dApps.

Why we like Exodus over Coinbase: Unlike Coinbase, which stores users’ keys on its servers, Exodus gives them complete control over their assets, enhancing security and ownership. Its Web3 non-custodial wallet also features built-in trading tools with no extra fees — just the standard blockchain network charges.

5. Kraken — Affordable High-Volume Trading with Robust Security

Founded in 2011, Kraken is a digital asset exchange platform that initially focused on Bitcoin, Litecoin, and euro-based trades. Its dedication to detail and responsiveness to industry trends have propelled it to the top of the best alternatives to Coinbase pecking order.

The two platforms now support a similar number of cryptos — 330 for Kraken and 500 for Coinbase — and feature comparable educational resources — articles and video tutorials for Kraken and lessons and quizzes for Coinbase. Yet, Kraken takes the lead when it comes to fee structure and security measures.

Why we like Kraken over Coinbase: Kraken offers lower trading fees, especially for high-volume traders. They may go as low as 0.0% for makers and 0.1% for takers, unlike the respective 0.4% to 0.6% they reach at Coinbase.

Kraken also goes the extra mile on security, conducting frequent audits and offering programs like bug bounties, which reward ethical hackers for identifying system vulnerabilities.

6. Binance — Crypto Trading Giant with Generous VIP Program

With 200 million users and $100 billion in assets under custody, Binance is the largest crypto exchange platform worldwide. It works with over 500 coins and offers a 3-level trading experience, along with up to 124x leverage trading.

Binance doesn’t have the beginner-friendly interface or simple dashboard that make Coinbase so accessible for crypto newcomers. It has also dealt with regulatory issues and security breaches its older competitor has never faced. Still, the platform’s better liquidity and loyalty benefits help offset these drawbacks.

Why we like Binance over Coinbase: Binance handles higher trading volumes than Coinbase, which keeps its liquidity higher and trade execution faster. It also treats its regulars to perks like lower fees, bespoke products, customized limits, and more through its multi-tier VIP program.

7. BloFin — Seamless Trading Automation and Loose KYC Requirements

Coming in seventh on our best Coinbase alternative list, BloFin is quite a promising trading platform. Like Coinbase, the brand operates as a centralized crypto exchange, but its later launch and blockchain influencer-based leadership have led to slower growth. Nevertheless, BloFin’s offerings fare well for its future.

It features futures, copy, and spot trading, alongside trailing stops and take-profit and stop-loss options, which helps it meet the needs of experienced traders. Yet, automation tools and KYC verification standards keep the platform attractive to beginners, as well.

Why we like BloFin over Coinbase: BloFin ranks as one of the best no-KYC crypto exchanges online, enabling users to register and start trading without full identity verification. It also offers automated tools like demo accounts and trading bots to help users practice and execute trades based on preset criteria without API integrations, unlike Coinbase.

8. OKX — Great Choice for Fine-Tuning Trades and Deep Liquidity

OKX is an international crypto company that has risen to become one of the top five exchanges in the world within a few years.

Coinbase may seem a few steps ahead of it because of its US-based regulatory compliance, more user-friendly trade features, and simpler account funding options. OKX currently offers fewer fiat payment terminals and costlier transactions and only provides its services to US traders through OKcoin, its fiat-focused sister company.

Nevertheless, OKX does have its strengths.

Why we like OKX over Coinbase: This Coinbase alternative offers users a wide selection of trading features, from futures to spots and margins. It features deep liquidity pools, especially for popular DeFi apps and many of the best crypto you can buy today. Plus, it charges lower trading fees — 0.1% and below for most available options.

Why Opt For Alternatives to Coinbase?

As one of the top crypto exchanges in terms of trading volume and user pool, Coinbase certainly delivers on many fronts. It boasts a strong reputation, a broad selection of cryptocurrencies, and an easy-to-navigate platform that appeals to beginners.

Still, its downsides have traders seeking out the best Coinbase alternatives. Here are the most prominent reasons that might lead you to do the same:

• High trading fees — The Coinbase fee structure is tier-based, so larger volume transactions usually cost less, though the fees are still fairly high compared to other high-quality exchanges. Maker and taker fees go up to 0.4% and 0.6% on average, respectively, and that’s on top of the network and crypto trading fees. MEXC, Margex, Kraken, and OKX all make a solid choice if you’re after a more affordable exchange.
• Default custodial wallet — Coinbase keeps your private keys on its servers, offering insurance for lost or stolen funds. While reassuring, this system prevents you from having full control over your assets since the platform may freeze your account or restrict your access at any time. If you prefer to have full autonomy and custody of your assets, exchanges like Exodus might be a better choice.
• Lack of advanced trading tools — Coinbase offers an easy-to-navigate dashboard and plenty of educational materials to accommodate crypto beginners. However, even its Advanced Trade platform lacks futures, margins, and derivatives trading and automation tools. To access these, check out our best Coinbase alternatives like eToro, MEXC, Binance, or BloFin.
• Poor customer service — Coinbase’s customer service operates through live chat and ticketing system, which many users find frustrating. These communication channels can feel more like self-service than interactive support, leaving you to resolve issues on your own. While Coinbase is working on enhancing its customer service excellence, you can resort to platforms like eToro, Exodus, or Kraken.
• Rigorous KYC checks — Like many competitors, Coinbase requires a Know Your Customer (KYC) process due to regulatory obligations and restricts trading until the KYC process is complete. If you’re looking for a less restrictive platform, options like BloFin, OKX, Binance, Margex, and MEXC enable limited trading without the need for a full KYC.

Conclusion

Following a comprehensive analysis, we’ve identified a list of the eight best Coinbase alternatives. Yet, eToro shines above the rest, offering a diverse range of trading features and catering to a broad audience.

eToro is a comprehensive digital asset platform with a long track record. It covers thousands of financial instruments and offers fantastic social and copy trading tools for beginners and top-notch advanced trading features for seasoned traders. It’s also fully licensed, well-regulated, and easy to use, thanks to its responsive customer support.

FAQs

The post 8 Best Coinbase Alternatives for 2024 appeared first on ReadWrite.

Kraken and Coinbase are two of the most popular cryptocurrency exchanges, having been around for over a decade and boasting millions of users. In this guide, we’re settling the debate regarding Kraken vs. Coinbase once and for all!

Join us as we share our thoughts on these two trading platforms and look at everything from fees and payment methods to mobile apps and features. After reading our article, you’ll know for sure whether you’re team Kraken or Coinbase!

How Many Cryptos Can You Trade on Kraken and Coinbase?

• Kraken — 7.5/10
• Coinbase — 6.5/10

Kraken is home to over 300 cryptocurrencies, while Coinbase is slightly behind, with just over 240. Both exchanges have liquid markets for all the top 20 cryptocurrencies, including Bitcoin, Ethereum, Solana, Ripple, Tron, and Cardano.

Kraken is more liberal with the tokens it lists and offers a wider selection of low market cap altcoins and meme coins. If Bitcoin isn’t volatile enough for you and you are looking for the next Doge, Kraken is the superior exchange.

Kraken Fees vs. Coinbase Fees

• Kraken — 7.7/10
• Coinbase — 6.3/10

Based on our analysis, it is cheaper to trade at Kraken than Coinbase. At Kraken, trading fees start at 0.25% (maker) and 0.40% (taker) if you trade $10,000 or less per month, while at Coinbase, they start at 0.60% and 0.40%.

Kraken consistently undercuts Coinbase in this regard — at least until you hit $50,000 monthly trading volume. At that point, the fees are pretty much the same, as Kraken charges 0.14% (maker) and 0.24% (taker), while Coinbase charges 0.15% (maker) and 0.25% (taker).

Kraken also has the edge when it comes to instant buy. When you purchase Bitcoin via bank transfer at Kraken, you’ll pay 1.5%, whereas Tether transactions come with a 0.9% fee. Card transactions cost 3.75% + $0.25.

On the other hand, Coinbase charges a 1.5% fee for ACH purchases and a 3.99% fee for card payments. Coinbase also includes a spread when you buy cryptocurrency.

Analysis, Tools, and Features

• Kraken — 7.5/10
• Coinbase — 6.5/10

Kraken and Coinbase share a lot of the same features, from margin trading to crypto staking. Overall, though, Kraken offers more in-depth tools (like technical indicators) and is home to features you won’t find at Coinbase, such as demo trading. This is why Coinbase tends to attract novice crypto enthusiasts while serious traders opt for Kraken.

1. Staking

Kraken and Coinbase offer staking, which allows you to earn a yield on your digital assets. These yields are risk-free, and no user has lost their crypto while staking at either exchange. You can stake a wide range of tokens on both platforms.

A key advantage of Kraken is that it offers staking for USDT and USD, which Coinbase doesn’t. Also, the rewards are slightly higher at Kraken. For example, right now, you can earn up to 10% APR on Solana at Kraken, while Coinbase pays a 5.67% APR.

2. Margin Trading

Kraken offers up to 5x margin for spot trading over 100 cryptocurrencies, including Bitcoin, Ethereum, Chainlink, Filecoin, Uniswap, Doge, and Solana. You are charged between 0.01% and 0.02% to open the position, and then rollover fees apply.

When trading derivatives at Kraken, you’ll enjoy up to 50x leverage, and the maintenance margin is just 1% of your position.

Coinbase is not a margin-friendly crypto exchange. It offers a 3x margin for limited spot trading pairs and just 5x for perpetual futures. As far as leverage is concerned, Kraken is a much better option.

3. OTC

Kraken’s OTC markets offer deep liquidity for over 150 cryptocurrencies. You’ll receive a single quote for orders over $100,000, which is guaranteed to be filled in full. Kraken consistently features the best prices for OTC trades, and based on what we’ve seen, transactions are settled within just 24 hours.

Coinbase does offer OTC trading, but its markets are far less liquid than Kraken’s, and it’s only available to select Prime clients. Coinbase provides wide spreads for OTC transactions and is not competitive with Kraken in terms of price.

4. Demo Trading

Create a demo account at Kraken within seconds and trade the crypto markets with real prices. There are over 200 trading pairs available, and you can even connect your bot using the exchange’s API.

As mentioned, Coinbase doesn’t offer demo accounts. You can only trade for real money at this exchange, which makes testing new strategies risky and potentially costly!

5. Futures 

Both Kraken and Coinbase offer perpetual futures. Coinbase’s futures markets are only available to pro users, though. Frustratingly, you must set up a separate account and transfer funds there. Also, users are unimpressed with the hidden fees, spreads, and tax implications, which turn winning trades into sudden losses.

Kraken, on the other hand, offers much more liquid perpetual futures markets for over 200 cryptocurrencies, compared to Coinbase, which has only 6 trading pairs. Kraken also features some of the lowest futures trading fees of any exchange, starting at only 0.05% (taker) and 0.02% (maker). The exchange even offers rebates up to 0.0060%.

6. Card 

Coinbase has its own Visa debit card, allowing you to use your cash and crypto portfolio around the world. There are no fees for USD or USDC, and you can even qualify for crypto rewards when making purchases.

At the moment, Kraken doesn’t offer a debit card.

7. NFTs

Buy NFTs at Kraken and pay zero gas fees. It charges a flat 2% transaction fee and gives instant access to a marketplace filled with thousands of Ethereum, Solana, and Polygon-based non-fungible tokens. Kraken is also an amazing platform for NFT creators, who receive a portion of the transaction every time an NFT changes hands.

You can also buy NFTs at Coinbase. However, gas fees do apply, and at the moment, selling non-fungible tokens directly from your Coinbase wallet is not supported.

Kraken vs. Coinbase User Experience

• Kraken — 8/10
• Coinbase — 7/10

Coinbase markets itself as being ultra-beginner-friendly. However, Kraken offers a more intuitive trading experience due to its more intuitive menus, faster page speed, and more responsive customer support team.

When comparing Kraken vs. Coinbase, you will notice that the two exchanges have similar themes. Both have gone with minimalist, mostly white designs, with Kraken opting for purple accents and Coinbase choosing blue. The sites are well-designed, and placing buy and sell orders is very straightforward.

Kraken’s instant buy feature is superior thanks to a greater range of payment options; plus, this exchange doesn’t hit you with a nasty spread, unlike Coinbase. Another thing we liked is that live chat is available 24/7 from Kraken’s mobile app, where you can chat with human agents. In contrast, Coinbase forces you to converse with a bot, and often, there aren’t enough support staff.

Kraken finds the perfect balance between usability and offering advanced features like technical indicators, endless charts, and easily accessible margins. Coinbase is great for buying and selling Bitcoin but feels too basic compared to Kraken.

Coinbase’s mobile app is, at times, clunky. We found that when there was serious volatility in the market, there was a delay in placing orders. On the flip side, Kraken’s app features very low latency, and we can consistently jump in and out of positions in real time.

Mobile Trading Apps

• Kraken — 8.2/10
• Coinbase — 7.8/10

Kraken and Coinbase have official apps for iOS and Android, which you can download from the App Store and Google Play. Kraken’s app offers a superior user experience. It accepts Apple Pay and Google Pay, so you can instantly buy crypto with a click of a button.

You can also set up recurring orders, allowing you to buy pre-set amounts of over 200 cryptocurrencies at specific times, which helps you dollar-cost average into positions. It’s also ultra-secure, as a password and Face ID protect your account.

Other things we like about the Kraken app are the wide range of currencies accepted, including USD, CAD, EUR, GBP, and CHF — and based on our experience, it offers some of the highest staking rewards of any crypto trading app on the market.

Coinbase’s app is also loaded with helpful features, from built-in charts for every time frame imaginable to NFT markets, dApps, and auto-enabled 2FA. However, the fees are significantly higher on this platform, the network latency is slower, and Kraken has a greater selection of cryptocurrencies.

Deposits & Withdrawals

• Kraken — 7.5/10
• Coinbase — 7/10

Kraken offers the following deposit methods:

• Visa
• Mastercard
• Apple Pay
• Google Pay
• Bank transfer
• Skrill
• PayPal
• Neteller
• Cryptocurrency

All deposit methods at Kraken, except bank transfer, are processed instantly. The minimum purchase is $10, and Kraken charges a 1.5% fee for Bitcoin and a 0.9% fee for stablecoins.

Currently, you can only withdraw from Kraken via ACH, bank transfer, or cryptocurrency. ACH withdrawals are free and processed within 2 days, and the minimum limit is only $1. Crypto withdrawals come with a small network fee and are processed within minutes.

At Coinbase, you can deposit via the following payment methods:

• Visa
• Mastercard
• Google Pay
• Apple Pay
• Bank transfer
• PayPal
• Cryptocurrency

When you purchase crypto at Coinbase via the instant buy feature, you’ll receive your tokens immediately. Card transactions come with a 3.99% fee, while Coinbase charges 1.5% for ACH deposits. The exchange also includes a price spread when you buy crypto.

At Coinbase, you can withdraw via ACH, wire, or instant debit card. ACH withdrawals are free and take up to 2 days to process, while wire transfers have a $25 fee, and you’ll receive your money within 3 days. As the name suggests, instant debit card withdrawals are processed right away but come with fees between 1.5% and 3.99%.

As you can see, Kraken offers a few more e-wallet payment options and reduced fees. Additionally, Coinbase only accepts debit card payments, while Kraken also processes credit card transactions.

Customer Support

• Kraken — 8/10
• Coinbase — 6/10

Kraken is renowned for its customer support, which is available via live chat (mobile app only), email (support@kraken.com), and phone (+1 888 837 8818).

When we contacted Kraken through live chat, we were greeted by a cheerful human agent within seconds. The support member offered detailed explanations about how leverage and staking rewards worked and went out of his way to ensure all our issues were resolved. We were also impressed with Kraken’s email support, as we received a reply in less than 4 hours.

Coinbase also offers email (support@coinbase.com), live chat, and phone support (+1 888 908 7930). Unfortunately, our experience with Coinbase’s customer support leaves a lot to be desired. We initially contacted them via live chat but were stuck talking to a useless bot and never managed to reach an agent.

We also tried to ring Coinbase but were left on hold for over 30 minutes. Based on other users’ reports, what we dealt with was standard for this exchange.

Licensing and Security

• Kraken — 7.5/10
• Coinbase — 8.5/10

Kraken is licensed across the world, including in the United States, Canada, United Kingdom, Australia, Italy, and UAE. In America, Kraken is registered as a money services business and is regulated by FinCEN. The exchange is also supervised by the Wyoming Division of Banking under a Special Purpose Depository Institution charter.

Coinbase is also licensed in numerous jurisdictions, including the US, Canada, Germany, Netherlands, Singapore, Italy, Spain and other countries. The exchange holds a money transmitter license in over 40 US states, including Texas, Florida, and New York.

Coinbase has the added benefit of being a publicly-traded company listed on the NASDAQ and is, therefore, subject to more stringent oversight than Kraken, a private company.

When it comes to security, Kraken and Coinbase are both industry leaders. They always keep 1:1 reserves, so there is no chance of a run on the exchange. Also, accounts are protected by 2FA, and the exchanges employ state-of-the-art encryption to keep hackers at bay.

Despite the high levels of security, your cryptocurrency is not insured at either exchange. Kraken and Coinbase will reimburse you if their platform is hacked, but if your account is breached due to your email account or password being compromised, it’s unlikely you’ll receive compensation. That’s why you should only use exchanges to trade and store your digital assets in a hardware wallet.

Conclusion

After comparing Kraken vs. Coinbase and looking at everything from trading fees and withdrawal processing speed to staking rewards and maximum leverage, a clear winner emerged: Kraken!

Kraken is home to more cryptocurrencies than Coinbase and offers much higher leverage and staking rewards. Kraken’s app is also smoother than Coinbase’s, and connecting with Kraken’s customer support is instantaneous, unlike at Coinbase, where getting a reply is often a challenge.

So there you have it, if you’re looking for the best cryptocurrency exchange with a user-friendly trading experience, sign up to Kraken!

FAQs

The post Kraken vs. Coinbase — Which Is the Best in 2024? appeared first on ReadWrite.

With meme coin prices rising and dozens of new meme coins entering the market, confidence that the next memecoin supercycle is just around the corner is increasing by the day.

A memecoin supercycle could see prices for established tokens like $DOGE, $SHIB, $PEPE, and others rocket higher. It could also deliver massive gains in emerging meme coins and result in a rush of new crypto projects into the market.

The upcoming meme coin season could present a once-in-a-lifetime opportunity for investors who know how to take advantage of it. In this guide, we’ll highlight 10 memecoin supercycle tokens that could mint the next generation of crypto millionaires.

Table of Contents Table of Contents

1. The 10 Best Memecoin Supercycle Tokens for 2024
2. The Top Meme Coin Supercycle Tokens: An In-depth Look
   1. 1. Pepe Unchained –  Ethereum Layer-2 Designed for Meme Coin Trading
   2. 2. Catslap - Cat-Themed Meme Coin Hosts a Click-and-Slap Game
   3. 3. Crypto All-Stars – MemeVault Offers Staking Rewards for Popular Tokens
   4. 4. Flockerz – Community-led Meme Coin with Vote-to-Earn Rewards
   5. 5. FreeDum Fighters – PolitiFi Meme Coin Set to Explode After US Election
   6. 6. Sponge – V2 Token for 100x Meme Coin, Developing P2E Game
   7. 7. Shiba Shootout – Wild West-themed Metaverse Game Building on Shiba Inu Meme
   8. 8. Baby Doge Coin – Binance Listed Small Cap Meme Coin with Massive Potential
   9. 9. Popcat – Explosive Solana Meme Coin with Bullish Momentum
   10. 10. Coq Inu – Leading AVAX Meme Coin with Deflationary Tokenomics
3. What Is a Memecoin Supercycle?
4. Is the Next Memecoin Supercycle Coming Soon?
5. Are Meme Coins a Good Buy During a Supercycle?
6. How to Pick the Best Meme Coin Supercycle Tokens
7. How to Buy Meme Coins During a Supercycle
8. Conclusion
9. FAQs
10. References

Show Full Guide

Table of Contents

1. The 10 Best Memecoin Supercycle Tokens for 2024
2. The Top Meme Coin Supercycle Tokens: An In-depth Look
   1. 1. Pepe Unchained –  Ethereum Layer-2 Designed for Meme Coin Trading
   2. 2. Catslap - Cat-Themed Meme Coin Hosts a Click-and-Slap Game
   3. 3. Crypto All-Stars – MemeVault Offers Staking Rewards for Popular Tokens
   4. 4. Flockerz – Community-led Meme Coin with Vote-to-Earn Rewards
   5. 5. FreeDum Fighters – PolitiFi Meme Coin Set to Explode After US Election
   6. 6. Sponge – V2 Token for 100x Meme Coin, Developing P2E Game
   7. 7. Shiba Shootout – Wild West-themed Metaverse Game Building on Shiba Inu Meme
   8. 8. Baby Doge Coin – Binance Listed Small Cap Meme Coin with Massive Potential
   9. 9. Popcat – Explosive Solana Meme Coin with Bullish Momentum
   10. 10. Coq Inu – Leading AVAX Meme Coin with Deflationary Tokenomics
3. What Is a Memecoin Supercycle?
Show Full Guide
4. Is the Next Memecoin Supercycle Coming Soon?
5. Are Meme Coins a Good Buy During a Supercycle?
6. How to Pick the Best Meme Coin Supercycle Tokens
7. How to Buy Meme Coins During a Supercycle
8. Conclusion
9. FAQs
10. References

The Top Meme Coin Supercycle Tokens: An In-depth Look

Wondering which of these meme coins is the best to add to your portfolio? We’ll take an in-depth look at each of our top 10 picks so you can decide which tokens to buy.

1. Pepe Unchained –  Ethereum Layer-2 Designed for Meme Coin Trading

Pepe Unchained is one of the most explosive new meme coins to hit the market this fall. It’s already raised $24.5 million in its ongoing presale and looks set to sell out all of the available $PEPU tokens ahead of its launch.

The project could also be one of the biggest winners of a meme coin supercycle. It’s building an Ethereum Layer-2 network designed specifically for developing and trading meme coins. The network will be ultra-fast and offer low transaction fees, making it ideal for trading.

As meme coin trading heats up, interest in Pepe Unchained’s network could soar. That’s good news for $PEPU token holders since the project’s native token is required to pay for every transaction on the blockchain. One viral meme coin on Pepe Unchained could send the price of $PEPU sky high.

Pepe Unchained is also bringing value to early investors with generous staking rewards. The project is currently offering 96% APY on staked $PEPU, and there are enough tokens allocated to keep rewards flowing to the community for several years to come.

All signs point to Pepe Unchained being the next crypto to explode. This is a presale investors can’t afford to miss ahead of the coming meme supercycle.

2. Catslap – Cat-Themed Meme Coin Hosts a Click-and-Slap Game

The next meme coin to watch out for is Catslap ($SLAP), a cat-themed meme coin that wants to compete with some of the best dog tokens in the world. In fact, in only a couple of weeks since $SLAP launched on decentralized exchanges, the price has been soaring. 

Up by more than 2,800% since launch, $SLAP is currently priced at $0.0032373 per token. At press time, Catslap boasts a live market cap of more than $18 million. A super engaging and humorous platform, Catslap has introduced a hilarious click-and-slap game, where users can take part in friendly competition. 

In the future, Catslap may even reward the game’s top performers with $SLAP token airdrops. $SLAP has a total supply of 10 billion tokens – of which 50% are used to maintain liquidity. Another 20% will be offered as staking rewards to those who lock their tokens on smart contracts. 

To learn more about this meme coin, read the Catslap whitepaper and join the Telegram channel. 

3. Crypto All-Stars – MemeVault Offers Staking Rewards for Popular Tokens

Crypto All-Stars is another meme coin that’s combining viral themes with actual utility designed to help the meme coin investing community. This project is introducing the first-ever MemeVault, a unique staking pool where investors can deposit top meme coins and earn rewards in $STARS tokens.

What’s really exciting about Crypto All-Stars is that it gives investors in top meme coins like $DOGE, $SHIB, $BRETT, $PEPE, $BONK, and others a chance to earn staking rewards on their tokens. It’s one of the only meme coin projects that encourages investors to hold onto their existing tokens rather than swap them for some hot new token.

The $STARS token has a lot of value for MemeVault depositors because it’s more than just a rewards token—it also controls your rewards rate. Investors who stake $STARS alongside their other meme coins can earn up to 3x higher rewards compared to investors who don’t stake $STARS.

Over time, that means $STARS tokens are likely to be locked up in staking rather than sold onto the market. As word about Crypto All-Stars’ rewards spread, demand for $STARS could spike and send the token’s price pumping.

The Crypto All-Stars presale has raised $3 million so far, and early investors can start filling their bags with 519% APY staking rewards before the MemeVault opens. This promises to be one of the best new cryptos to invest in for the upcoming supercycle.

4. Flockerz – Community-led Meme Coin with Vote-to-Earn Rewards

Flockerz is a meme coin that’s putting its community first and giving $FLOCK token holders a direct voice in everything the project achieves. $FLOCK token holders are incentivized to propose new developments for the project and vote on fellow community members’ proposals with token rewards for every vote they cast.

One of the really exciting aspects of Flockerz is that the project is giving its community a significant pile of funds to work with. 25% of the total $FLOCK token supply is set aside for a project treasury, and the community gets to vote on how this pile of tokens is used.

The vote-to-earn mechanism ensures that decentralized civic engagement is a major part of the Flockerz project. It’s also a key reason why this token could deliver 50x-100x gains during the memecoin supercycle. There’s a lot of value in decentralized communities—and once the world sees how rewarding participating in Flockerz is, everyone will want to get in on the $FLOCK token.

Flockerz has clearly caught the attention of the meme coin community—the $FLOCK token presale raised more than $1.25 million in its first few weeks. As an added incentive to join sooner rather than later, the project is offering 1,351% APY.

5. FreeDum Fighters – PolitiFi Meme Coin Set to Explode After US Election

FreeDum Fighters is a red-hot PolitiFi meme coin that looks ready to explode after the US presidential election on November 5. The project has created its own mock election with satirical candidates, pitting MAGATron against Kamacop 9000 for dominance of the free world.

FreeDum Fighters is more than just another presidential-themed meme coin. It’s giving investors in the $DUM token a chance to cast their vote for their preferred candidate. Voting is required to stake $DUM and start earning rewards, and the two candidates each have their own staking pool.

At this time, MAGATron is offering 286% APY and Kamacop 9000 is offering 787% APY. Rewards rates are adjusted automatically to keep the race as close as possible, just like the real US election.

$DUM token holders can also participate in weekly debates to advocate for their favored candidate. The winning side will receive an airdrop of $DUM tokens, increasing the stakes for having the best argument.

The FreeDum Fighters presale has raised more than $425,000 in its first two weeks, and the $DUM token could launch shortly after the November 5 election. The launch could produce fireworks, especially if the US presidential election result is contested and FreeDum Fighters is able to capitalize on the political news.

6. Sponge – V2 Token for 100x Meme Coin, Developing P2E Game

Sponge is an established meme coin that originally launched in May 2023, at the height of the meme coin season kicked off by $PEPE. When the original $SPONGE token launched, it pumped more than 90x and achieved a market cap of more than $100 million at its all-time high.

Now, $SPONGE is back with a V2 token that promises to pump even harder. The project has set a goal of delivering a 100x return for investors and making $SPONGE a familiar name alongside $DOGE and $SHIB.

To achieve that goal, the team behind Sponge is also developing a play-to-earn game that will let players race around an underwater landscape as the Sponge mascot and his friends. The game could broaden this meme coin’s appeal, helping to draw traditional gamers into the meme coin supercycle.

$SPONGE V2 hasn’t launched yet, so you can buy V2 tokens and staking them while the presale is ongoing. Those who held V2 tokens were able to bridge them earlier during the presale. Staked and bridged tokens will result in emissions of new V2 tokens at launch, plus earn V2 rewards at a rate of 23% APY.

More than $185,000 has been committed to the V2 launch. If Sponge’s original success is any indication, this could be one of the top cryptos to make you rich.

7. Shiba Shootout – Wild West-themed Metaverse Game Building on Shiba Inu Meme

Shiba Shootout is one of the best new play-to-earn games to hit the market in 2024. The project puts players in the heart of the Wild West, transporting them to the frontier town of Shiba Gulch.

The project is multifaceted, offering everything from exciting six-shooter duels to campfire stories to staking and more. Plus, $SHIBASHOOT token holders get a say in the project’s future through direct community development.

Shiba Shootout is unique among play-to-earn games in that the project released a preview of its full Web3 game even before the $SHIBASHOOT token launches. The Shiba Sharpshooters mobile game is available now in the Apple App Store and Google Play and offers players a chance to start earning tokens.

The full Web3 game is expected to launch in early 2025, shortly after the $SHIBASHOOT token hits the market. We think this could be perfect timing to coincide with the memecoin supercycle and could even result in Shiba Shootout being one of the next tokens to list on Binance.

The $SHIBASHOOT token presale has raised more than $1.25 million, showing that there’s a lot of appetite for a project that combines meme virality, metaverse gaming, and play-to-earn rewards. As an added bonus for investors who join the project early, Shiba Shootout is offering 745% APY on staked $SHIBASHOOT tokens.

8. Baby Doge Coin – Binance Listed Small Cap Meme Coin with Massive Potential

Baby Doge Coin is a meme coin developed at the tail end of the last meme coin supercycle in 2021. While its launch timing wasn’t great, the token built up its community during the crypto winter and broke out this fall with a surprise listing on Binance.

Now, Baby Doge Coin is poised to be one of the biggest winners of the next memecoin supercycle. This meme coin has a lot going for it: deflationary tokenomics, a fee system that distributes rewards to token holders, its own token swap, and a popular collection of NFTs.

$BABYDOGE also has momentum on its side. The token rallied more than 280% in September-October following the Binance listing. While the price has come down from those highs, $BABYDOGE has settled into trading at a higher level and could be consolidating before another pump.

Baby Doge Coin’s association with the doge meme could also help it during the upcoming meme coin season. As new investors flood into the cryptocurrency market, they’re likely to turn towards coins they recognize—and no meme coin has more name recognition than Dogecoin.

9. Popcat – Explosive Solana Meme Coin with Bullish Momentum

Popcat is one of the biggest winners of the rush on Solana meme coins over the past year. The token, which is based on a simple meme of a cat opening and closing its mouth, rocketed more than 7,300% in the past 12 months and has enjoyed an almost unbroken streak of gains.

The latest victory for Popcat is a listing on the US-based crypto exchange Gemini, making this meme coin available to the massive US market. Popcat is now the 3rd-largest Solana meme coin by market cap, just behind $BONK and $WIF.

We think Popcat could have a lot more room to run. It has a market cap of just over $1 billion, compared to more than $23 billion for the leading meme coin Dogecoin. Plus, the $POPCAT token’s price momentum and trading volume indicates that the token could pump higher at the first positive catalyst.

One thing to note is that Popcat doesn’t have utility, setting it apart from most of the other meme coins we reviewed. We think this could still help the token in a meme coin supercycle, since a lot of price gains are expected to be purely driven by speculation.

10. Coq Inu – Leading AVAX Meme Coin with Deflationary Tokenomics

Coq Inu is the largest meme coin on Avalanche, but it’s still a very low market cap meme coin by the standards of other blockchains. It’s valued at just $71 million, which means this token has plenty of upside potential. A run to $1 billion—which would put $COQ on par with Solana meme coins like $POPCAT—would represent a 1,400% gain for investors.

Coq Inu doesn’t have utility, but the token could benefit from the growth of the Avalanche network in the next crypto bull market. Avalanche has a strong community around it, and the Avalanche Foundation has been actively supporting $COQ to turn it into the next viral meme coin.

$COQ doesn’t have price momentum, but the token has been consolidating for several months around the $0.0000010 price level. That could provide a jumping-off point for significant gains when the meme coin season gets underway and crypto traders “rediscover” this Avalanche token.

Notably, $COQ has listed on some major exchanges, but not on Tier-1 exchanges like Bybit, Binance, or OKX. Listings on these exchanges in a bull market could send the token’s price sharply higher.

What Is a Memecoin Supercycle?

A meme coin supercycle occurs when meme coin prices push significantly higher for an extended period of time. A supercycle can last 6-18 months or longer and is typically marked by several characteristics:

• Rising prices for established and new meme coins
• A large number of highly successful new meme coin launches
• An overall gain in value in the crypto market sector
• Additional listings of meme coins on centralized exchanges

The term ‘memecoin supercycle’ was invented by Murad Mahmudov, a crypto analyst and prominent meme coin investor. According to Mahmudov’s memecoin supercycle theory, the supercycle is the result of the inherent value created by the decentralized communities that form around meme coins.

Of course, meme coin supercycles also rely on hype and speculation. Top meme coins in a supercycle can experience rapid gains of 100x or more, and prices typically fall when a supercycle ends.

Is the Next Memecoin Supercycle Coming Soon?

Signs are growing that the next meme coin supercycle could be just around the corner. In fact, many analysts and traders predict that meme coin season could begin in early 2025.

The most important marker of a coming supercycle is rapid growth in the meme coin market. Over the past 12 months, the overall market cap of the meme coin sector has grown from less than $17 billion to more than $56 billion.

That massive increase in value has been obvious to crypto insiders, but traditional investors who aren’t deeply involved with meme coins largely haven’t noticed. That’s expected to change in a supercycle environment, bringing new money into the meme coin market and driving prices even higher.

Another sign that the meme coin supercycle is coming is the explosive growth in new meme coin launches. Pump.fun, the Solana meme coin generator, has seen its daily revenue hit all-time highs. Meanwhile, new crypto presales like Pepe Unchained have raised millions of dollars and set the crypto world on fire. That’s a signal that there’s strong demand for new meme coins and expectations that prices will rise from their current levels.

A coming crypto bull market led by Bitcoin could also serve as a catalyst for the meme coin supercycle. Analysts predict Bitcoin could rocket to $200,000, kicking off a public frenzy that’s likely to spread to meme coins by next summer.

How to Pick the Best Meme Coin Supercycle Tokens

Picking the best meme coins heading into the supercycle is key to turning a profit. Here are some of the top factors to consider when evaluating which tokens to buy.

• Sentiment: Sentiment analysis is one of the best ways to gauge whether a meme coin is about to go viral and explode higher. Top meme coins have a large base of support, a core community of long-term holders, and urgency to buy the token before it becomes unaffordable.
• Wide appeal: In a memecoin supercycle, millions of investors who are new to cryptocurrency could flood into the market. Many of these new investors will be interested in tokens with name recognition or broad-based utility. So, tokens that offer these attributes can outperform.
• Price momentum: Tokens with strong upward price momentum tend to attract investors and retail traders, who see modest price gains as the runway to a more explosive movement. Look for coins that are not only seeing price gains over an extended period of time but also have rising trading volumes.
• Staking rewards: Staking rewards can increase the overall returns you earn from a meme coin. They also encourage investors to hold onto tokens rather than sell them when the price goes up, which keeps supply off the market and can result in bigger price gains when demand rises.
• Utility functions: A growing number of meme coins also work as utility tokens or have specific utility features. For example, Pepe Unchained is building an Ethereum Layer-2 blockchain and Crypto All-Stars is building a MemeVault for meme coin staking rewards. Utility functions that benefit the meme coin investing community could become extremely popular during a meme coin season.

How to Buy Meme Coins During a Supercycle

How you can go about buying meme coins during a supercycle depends on whether the token you want is available on exchanges or only being sold through a presale.

For tokens that are available on exchanges—which includes most established meme coins—you must create an account with an exchange that trades the token you want. After creating an account, you can make a deposit using fiat. Most centralized exchanges accept credit and debit cards or bank transfers.

Next, you can set up a buy order to purchase your chosen meme coin. You can either hold the tokens in your exchange account or withdraw them to a self-custody crypto wallet for safekeeping.

For tokens that are being sold through a presale, you must purchase through the presale site. You’ll need a crypto wallet that’s stocked with ETH, USDT, or another token the presale accepts. You can purchase these tokens through a centralized exchange, just like you would buy major meme coins.

Connect your wallet to the presale site, then choose how much ETH or USDT to swap for your chosen presale token. Purchased tokens are typically released at the end of the presale, so you’ll have to wait until then to add them to your wallet. However, you can often start staking your meme coins immediately to start earning additional tokens.

Conclusion

With the next meme coin supercycle fast approaching, now is the perfect opportunity for investors to get in on hot tokens before they rocket higher. Some of the best tokens to watch include Pepe Unchained, Crypto All-Stars, Flockerz, and FreeDum Fighters.

Want even more meme coin recommendations to prepare for the coming meme supercycle? We’ve got you covered with our complete guide to the best meme coins to buy today.

FAQs

The post Top 10 Memecoin Supercycle Tokens to Buy Today appeared first on ReadWrite.

Crypto cards are a great tool for crypto holders to use their digital assets to make real-world payments. In this review, we discuss two such cards: the Uphold Crypto card and the Coinbase card. 

Through our Uphold Crypto card vs Coinbase card review, we pick the ideal option for users by discussing their available fees, trading limits, cashback options, security measures, and much more. 

Uphold Crypto Card Review

The Uphold crypto card is a payment debit card for spending your digital assets. The best card for spending crypto, Uphold charges 0% foreign transaction fees and offers low exchange rates when traveling abroad. 

Uphold operates like a standard Mastercard and can be spent anywhere in the world. Notably, It offers multi-currency support, letting users spend in any currency. However, the Uphold Card does charge a 2% fee on crypto transactions and also charges ATM withdrawals within and outside of the United Kingdom. 

One of the best crypto debit cards in 2024, Uphold allows users to access more than 50 cryptocurrencies. Some of the best altcoins including Ethereum (ETH) and Litecoin (LTC) are supported, along with a diverse range of asset classes such as gold and national currencies. 

Through this Uphold debit card review, we have also found that this premium card offers a range of cashback benefits and rewards. Uphold regularly hosts promotions – offering up to 5% cash back on certain GBP purchases, up to a maximum limit of £100 per month. Other benefits include cashback paid out in XRP. 

The Debit Card is designed to work smoothly with the Uphold app, providing an intuitive platform for managing cryptocurrency holdings. This integration simplifies accessing and utilizing various crypto assets for everyday purchases, ensuring a streamlined experience for users.

Moreover, the Uphold card can be added to your mobile wallet and is compatible with Apple Pay and Google Pay. After reviewing the Uphold card fees, rewards, benefits, and compatible digital assets, we consider Uphold to be one of the top crypto cards in the market right now. 

Coinbase Card Review

The Coinbase crypto debit card offers straightforward spending options. It allows users to make purchases directly with crypto, which is converted to fiat at the point of sale.

The Coinbase card automatically handles the crypto-to-fiat conversion, simplifying transactions without the need for manual cryptocurrency exchanges. A 2.49% transaction fee applies for most crypto purchases, with no foreign transaction fees, making it appealing for global use. Additionally, free monthly ATM withdrawals up to a limit enhance its accessibility, though additional fees apply after the limit is exceeded.

One of the top crypto payment cards, the Coinbase card supports some of the best cryptos to buy, such as Bitcoin, Bitcoin Cash, Dogecoin, Litecoin, and many more. Integrated directly with the Coinbase App, the card lets users spend crypto like cash, providing flexibility in using their assets to make daily transactions. 

Furthermore, a popular reason for selecting crypto cards such as Coinbase is the associated cashback or reward programs from which you can benefit. The Coinbase crypto card benefits include a stellar rewards program through which users can earn crypto back on every purchase they make. Up to 4% cashback is provided for selected cryptos, as the reward percentages vary per asset. 

Apart from the Coinbase card cashback and fees, the card also provides seamless integration with the Coinbase platform, allowing users to easily manage their spending, rewards, and investments all in one place. 

Thus, these features lead to wider acceptance of crypto debit cards, leading to a broader acceptance and making them an invaluable asset for everyday spending. 

Uphold Card vs Coinbase Card Compared

Our review will now compare the benefits, features, fees, and use cases of the Uphold crypto card vs the Coinbase card below: 

Fees & Costs

Both the Uphold Crypto and Coinbase cards offer competitive fees and costs. In terms of direct transaction fees, Uphold stands out – charging just 2% per transaction, compared to Coinbase’s 2.49% per transaction. 

A fee structure designed for flexibility and travel – Uphold charges 0% foreign transaction fees, and extremely low exchange rates when traveling abroad. Notably, those interested in issuing the physical Uphold Mastercard must pay a one-time shipping fee of £9.95 and will receive the card within 7-10 working days. 

Coinbase, by comparison, is also a simple and intuitive platform. Users can link their bank accounts or deposit a part of their paycheck on the platform, paying no fees. No credit checks are required to set up the card, and users can start making payments without paying any foreign transaction fees. 

Both the Uphold and Coinbase cards charge no additional setup and annual fees. However, while the Coinbase Card’s ATM withdrawals are free up to a monthly limit, Uphold’s is costlier. Each local (GBP) ATM withdrawal attracts a fee of £2.50, while foreign ATM withdrawals cost £3.50 per transaction. 

Supported Cryptos & Fiat Options

The Coinbase card supports several cryptocurrencies such as ApeCoin, Bitcoin, Ethereum, and Litecoin. The card provides flexibility to spend a variety of digital assets wherever Visa is accepted.

By comparison, the Uphold card stands out as it supports more than 50 digital assets. Users can buy Bitcoin and other top altcoins, such as Ethereum, but also invest in lesser-known assets. On the Uphold crypto card, users can directly convert crypto holdings into fiat currency during transactions. Uphold’s system simplifies crypto-to-fiat transactions at real-time rates, allowing users to leverage both crypto and fiat seamlessly. 

Coinbase also supports multiple fiat currencies for global users, making transactions simple without additional currency exchange steps, broadening the card’s appeal for both crypto-savvy and everyday users. The Coinbase card auto-converts crypto to USD, offering a seamless spending experience without manual conversion steps.

Cashback & Rewards

The Uphold Debit Card offers a straightforward rewards program, allowing users to earn cashback on every purchase. First, users can receive up to 5% cashback on certain GBP purchases, with a maximum monthly earning of $100. 

Secondly, through ongoing promotions, users can receive up to 4% cashback in XRP on certain purchases. This applies to recurring buys of at least $100. The exact cashback rates vary depending on factors such as the transaction amount and location, encouraging a loyalty-based incentive. 

On Coinbase, rewards are issued in popular cryptocurrencies, and users can select which crypto they’d like to receive, adding flexibility for those looking to diversify their holdings. The rewards and payback options make Coinbase an appealing option to both beginner and advanced traders. 

The exact benefits include up to 4% cash back in selected cryptos for transactions. Reward percentages vary per asset. Through this crypto rewards comparison, we give the edge to the Uphold card, as the rewards appeal to crypto users looking to enjoy regular spending benefits. 

Accessibility and Ease of Use

The Uphold Debit Card seamlessly integrates with the Uphold app, offering a user-friendly experience for managing crypto assets. Through the app, users can easily convert cryptocurrencies into fiat currency for spending, providing flexibility for everyday transactions. 

The app also includes features like real-time transaction tracking and customizable notifications, making it easy to monitor spending. Overall, this integration enhances the user experience, empowering individuals to navigate their crypto and fiat holdings efficiently. 

Through the Coinbase card, users can access additional perks such as real-time spending notifications, streamlined tax reporting tools, and customized spending summaries. These features enhance financial tracking and simplify crypto-related expenses, making the Coinbase card a good choice for everyday transactions.

The card’s integration with the Coinbase platform makes it easy to switch between fiat and crypto payments, track transactions, and monitor crypto rewards through the Coinbase app. Due to these features, Coinbase stands out in comparison to Uphold when it comes to accessibility. 

Security & Privacy

Our Uphold vs Coinbase debit card review will now take a closer look at the available security features. The Uphold Debit Card prioritizes security with several robust features designed to protect users. 

It provides real-time spending tracking, allowing cardholders to monitor transactions as they occur. Instant spending notifications keep users informed about their card activity, enhancing awareness and control. For added convenience, the card can be locked instantly in case of loss or theft, offering peace of mind. 

Users can also withdraw crypto as cash from any ATM, further facilitating easy access to funds. Additionally, the card’s virtual option enables users to get started immediately, ensuring they can begin managing their crypto assets without delay.

By comparison, the Coinbase Debit Card also offers a range of security features, such as fraud protection, which helps detect unauthorized transactions and ensures that users are alerted to suspicious activity. Additionally, the card can be locked instantly via the Coinbase app, providing an extra layer of security if it is lost or stolen. 

Users also receive notifications for every transaction, allowing for real-time monitoring of their spending. Coinbase adheres to stringent privacy measures, safeguarding personal information while allowing users to manage their crypto assets securely. 

Overall, Uphold’s user-friendly features, combined with strong security measures, create a safe and efficient payment experience.

Customer Support

The Uphold Debit Card has garnered mixed reviews regarding its customer support and overall user experience. Users appreciate the card’s straightforward interface and ease of use within the Uphold app, which facilitates seamless management of crypto assets. 

However, some customers have reported delays in customer support response times, particularly when dealing with account-related issues. Overall, the Uphold Debit Card offers a solid experience for managing digital currencies, but there is room for improvement in customer service responsiveness.

The Coinbase Debit Card generally receives positive feedback regarding customer support and user experience. Users appreciate the card’s seamless integration with the Coinbase platform, making it easy to manage crypto assets and transactions. The app is user-friendly, offering quick access to account information and transaction history.

However, some reviews indicate that customer service response times can be slow, particularly during peak times or when handling complex issues. While the self-service options and resources are helpful, customers sometimes feel the need for more direct support. 

Overall, while both the Uphold crypto card and Coinbase card user interfaces are appreciated, there are slight concerns regarding response times. 

Pros and Cons of Each Cards

Now that we have evaluated the main features of each card, it is time to analyze the benefits and disadvantages of Uphold and Coinbase crypto cards. 

Who Should Use Which Card? 

Before determining whether to use Coinbase or Uphold for crypto spending, it is important to determine what type of user you are and what benefits you require. 

In the sections below, we discuss two user categories and which card would be ideal depending on your varying needs: 

Reward-Focused Users

Reward-focused users will tend to choose a crypto card that offers premium benefits, such as regular cashback per transaction. While both Coinbase and Uphold offer several rewards, we would pick the Uphold crypto card for this category. 

This is due to Uphold’s stellar rewards program. Users can earn up to 5% cashback on specified GBP purchases—up to £100 per month. Furthermore, Uphold provides up to 4% cashback in XRP for certain purchases as well. 

High Spenders

Interestingly, both the Uphold and Coinbase debit cards offer different benefits to high spenders. For instance, both cards charge no foreign transaction fees – ideal for travelers looking to use crypto for everyday transactions internationally. Moreover, Uphold charges low exchange rates as well. 

However, while ATM withdrawals are free up to a certain limit with the Coinbase card, Uphold charges a fee for all local and international withdrawals. This may make Coinbase Card more ideal. 

Nonetheless, Uphold offers other benefits, such as a daily limit of £10,000 on a single transaction—a maximum of 50 transactions per day. 

FAQs

The post Uphold Crypto Card vs. Coinbase Card: Which is the Best Choice for Crypto Spending? appeared first on ReadWrite.

That’s precisely what this guide aims to cover. Read on to discover the steps for buying BTC with PayPal and the best platforms to use. You’ll also learn the benefits of this method, the levels of safety, the fees you need to worry about, and more. Let’s begin.

Where to Buy Bitcoin With PayPal 

You can buy Bitcoin using PayPal on numerous regulated exchanges and other crypto trading platforms. Here are some recommendations you should consider.

Exodus

Exodus is one of the most popular non-custodial crypto wallets, and it comes with built-in trading capabilities. It covers crypto purchases and crypto swaps and even offers multi-chain support. It operates on most devices because it offers apps for desktop and mobile, as well as a browser extension.

Exodus lets US clients use PayPal to buy Bitcoin. You can choose to pay via your bank account or debit card linked to PayPal, and you can also go for your PayPal balance.

You can safely store your BTC on Exodus, but it is also possible to buy a hardware wallet for extra security. Exodus has partnered with Trezor, so it will be easy to transfer between the two.

Ledger

Ledger is one of the most reputable and secure hardware wallet providers in the crypto market, known for its advanced security features, including certified secure chips and a custom OS. While Ledger doesn't operate as a traditional exchange, it enables its users to buy and manage various cryptocurrencies directly through Ledger Live, its official app. Ledger Live also enables users to buy several cryptocurrencies, including Bitcoin, with PayPal.

This hardware wallet not only enables you to buy BTC with PayPal, but makes owning BTC highly secure as it keeps your private keys offline. Transaction fees vary depending on network conditions, but the device itself has no additional fees for storing or managing crypto.

Other than that, Ledger Live offers a simple and user-friendly interface for buying, selling, and managing crypto assets while connecting seamlessly with Ledger hardware wallets.

Gemini

Gemini is a popular crypto exchange offering a safe trading environment suited for beginners and seasoned traders alike. It’s also one of the leading P2P crypto trading platforms with a good regulatory compliance history.

You can buy Bitcoin with PayPal instantly because Gemini offers instant purchases when using select payment methods, including PayPal. However, it does charge a 2.5% fee from the total deposit amount on top of its trading fees.

It supports over 70 cryptocurrencies and offers insurance coverage for your digital funds so you can keep your BTC assets safely stored on the platform.

Kraken

Kraken, founded in 2011, is one of the longest-standing and most trusted cryptocurrency exchanges, known for its robust security measures and regulatory compliance, particularly in the US, Europe, and select other regions. Offering a comprehensive range of trading options, Kraken allows users to buy, sell, and trade various cryptocurrencies, including Bitcoin, directly with PayPal integration on third-party platforms. However, it's important to note that Kraken only supports PayPal deposits from the United Kingdom, the European Union (excluding Hungary and Croatia), and Australia.

It makes buying BTC relatively affordable and straightforward, with competitive fees and advanced trading tools. Kraken’s fees will vary depending on the region and are displayed on the final confirmation page.

PayPal deposits on Kraken have a 1,000 EUR daily rolling limit, as well as a minimum deposit of 1 EUR (GBP equivalent). When it comes to Australian users, the weekly rolling limit comes to 7,000 AUD, with a minimum deposit of 1 AUD.

Coinbase

Coinbase is a well-known and beginner-friendly crypto exchange. The fact that it is publicly traded and fully regulated in the US makes it a popular choice for users who prioritize ease of use and regulatory compliance. Coinbase enables users to buy Bitcoin and other cryptocurrencies directly with PayPal, providing a simple and familiar payment option for new and experienced investors alike.

Buying BTC on Coinbase is straightforward, with a transparent fee structure that includes both flat-rate fees and percentage-based fees for larger transactions – all visible on the confirmation screen. For PayPal purchases, fees are generally higher (around 4%) than bank transfers but provide added convenience and speed.

Coinbase has a daily PayPal purchase limit of $25,000. Note that not every region is supported for PayPal deposits and withdrawals; for example, cash withdrawals to PayPal are only available in the US, Canada, EU and UK.

Is PayPal the Best Way to Buy Bitcoin?

Buying BTC on a crypto exchange with PayPal is great for anyone who uses PayPal extensively. However, if you prefer other payment methods, then opting for them can easily be a better solution for you.

The main reason behind this is that you’ll often only deposit funds to your exchange account using those payment methods, while the very act of buying BTC will be done within the exchange.

Buying Bitcoin With PayPal vs. Credit Card

Whether you’re using PayPal or a credit card, depositing funds on a crypto exchange to buy BTC works largely the same. Both options are often available, with almost every exchange covering cards. However, there’s a difference between debit and credit cards, as some platforms, like Gemini, only permit the former.

In most cases, there’s no fee for depositing, but if you’re buying using PayPal or a credit card and not the funds you have on the platform, you’ll have to pay the trading fee PayPal or the credit card provider charges.

Other Ways to Buy Bitcoin

Besides PayPal and credit cards, there are other payment methods you can use to buy BTC. These vary across platforms, but the most common options include:

• Debit cards
• Bank transfer
• Neteller
• Skrill
• Google Pay
• Apple Pay
• Other cryptocurrencies

Fees for Buying Bitcoin With PayPal

If you’re buying BTC directly on PayPal, you’ll have to pay a trading fee of around 1.8%. Note that this applies to trades between $200 and $1,000, while those above come with a 1.5% fee, and those below have fixed charges ranging from $0.49 to $2.49. There’s also a spread fee that depends on market conditions. Due to this, the total fees can often be 3% or more.

However, if you’re buying Bitcoin on other platforms while still using PayPal, the situation is different and less expensive. There are also spread and trading fees, but that’s it. The former usually depends on the market conditions, but the trading fee is typically lower than that on PayPal.

If you want to buy BTC with PayPal on an exchange or wallet, you usually won’t have to worry about deposit fees because platforms like Exodus don’t have them.

Conclusion

If you’re looking to buy Bitcoin with PayPal, now you know that the process can be incredibly simple, fast, and cheap if you’re using a reputable crypto wallet like Exodus. You can go for various other options, including PayPal itself, as it lets US users buy, sell, and store BTC.

However, Exodus seems to be a better choice because it comes with added functionalities like staking, as well as non-custodial BTC storage. As soon as you download the app, you can buy BTC with PayPal and either hold or trade it.

FAQs

The post How to Buy Bitcoin With PayPal in 2024? appeared first on ReadWrite.

Launched in 2015, Ethereum (ETH) is the second-most popular cryptocurrency to buy. It has produced unprecedented returns since its inception and remains the leading blockchain for smart contracts.

This guide explains how to buy Ethereum in the UK, covering the best exchanges, available payment methods, and expected fees.

We also explore the Ethereum investment thesis, allowing UK investors to consider the risks and potential rewards.

Where to Buy Ethereum: Top Methods for UK Investors

Ethereum can be purchased from various places, including FCA-regulated platforms, no-KYC exchanges, and cryptocurrency wallets.

Read on for more information on each method. This will help you determine the best place for Ethereum investing in the UK.

Cryptocurrency Exchanges

The first, and most common way to buy Ethereum in the UK is via cryptocurrency exchanges.

In a nutshell:

• Exchanges are like share dealing platforms, but they offer cryptocurrencies rather than stocks.
• Investors open an account and deposit funds. Often with a credit or debit card or another convenient payment method.
• Finally, investors search for ‘Ethereum’, type in the investment size, and confirm.

The investment process rarely takes more than a few minutes.

One of the main benefits of exchanges is that they often support hundreds of different coins. This means you can buy Ethereum, Bitcoin, Litecoin, and many other popular cryptocurrencies. This is ideal for diversification. Some of the best cryptocurrency exchanges are regulated by FCA, meaning a safe investing experience.

Let’s take a closer look at the top reputable exchanges in this investing category:

1. eToro – The Overall Best Place to Invest in Ethereum in the UK

eToro is the go-to exchange for first-time investors in the UK. It holds multiple licenses, including approval and regulation from the FCA. It’s also covered by the FSCS, although this doesn’t apply to digital assets like Ethereum (this applies to your fiat currency balance). Nonetheless, eToro’s safe and licensed environment is why it’s used by over 35 million clients. It takes less than five minutes to register and get verified.

UK investors can deposit GBP without paying fees. Visa, MasterCard, PayPal, Skrill, and other common payment types are accepted. The minimum deposit is on the high side at $100 (about £77). That said, you only need to risk $10 (about £7) when buying Ethereum. The balance can be used on other markets. eToro supports over 100 cryptocurrencies, plus thousands of UK and international shares.

It also offers commodities, indices, and forex. It’s also possible to invest passively; eToro’s copy trading service allows users to replicate experienced pros. We should note that eToro fees are higher than most exchanges, with a 1% commission being charged on cryptocurrency trades. Additionally, eToro’s customer support team only operates Monday to Friday during standard working hours.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

2. MEXC – Buy and Sell Thousands of Cryptocurrencies at 0% Commission  

MEXC is another popular option when buying Ethereum in the UK. It supports almost 3,000 cryptocurrencies, including Ethereum, Bitcoin, and Solana. MEXC offers an instant buy feature that’s ideal for first-time buyers. Just type in the investment amount and debit/credit card details and Ethereum will be added to the account immediately.

The minimum purchase requirement is £22. Fees average 3-5% when using this feature. MEXC is also a great choice when investing in meme coins. It supports everything from Mochi, Dogecoin, and Pepe to Shiba Inu and dogwifhat. MEXC also offers copy trading tools, with thousands of investors and strategies to pick from.

MEXC’s spot trading exchange offers super-low competitive fees. Market orders cost 0.02% per slide, so you’ll pay just 20p for every £1,000 traded. Commissions are reduced to 0% when placing limit orders. MEXC also offers savings accounts, meaning you can earn interest on cryptocurrency investments. It currently offers a 4.8% APR on Ethereum without minimum holding requirements.

No KYC Exchanges

No KYC exchanges also enable UK investors to buy Ethereum. These platforms operate offshore, meaning they don’t hold an FCA license. While no regulatory protections are in place, the best no KYC exchanges typically attract millions of active users, and billions of pounds in daily trading volume.

What’s more, you can open an account and deposit funds without uploading ID verification documents. You won’t be asked for your country of residence, meaning you can access Ethereum derivatives with high leverage.

Let’s take a closer look at the top options.

1. Margex – Trade Ethereum Perpetual Futures With 100x Leverage     

Margex is suitable for those looking to trade on margin. You can trade Ethereum with leverage of up to 100x. This means a £50 account balance can be amplified to £5,000 in trading capital. Margex also supports other popular cryptocurrencies, ranging from Dogecoin and XRP to Bitcoin and Solana. Trading fees are competitive too.

Limit orders are charged 0.019% per slide. This means a 19p commission for every £1,000 traded. Market orders cost slightly more at 0.06%. Margex also accepts debit/credit card payments as well as Google Pay and Apple Pay, meaning you can buy Ethereum instantly. This option is more suitable for beginners, considering the high risks of leverage trading.

Margex fees average 3-5% when using Visa and MasterCard. Another feature of Margex is staking, where investors can earn 5% interest on Ethereum balances. However, Margex isn’t approved or licensed by the FCA. It’s also located offshore, so UK consumer laws don’t apply. Therefore, you should consider these risks before proceeding.

2. BloFin – Buy Ethereum With a Debit/Credit Card and Trade Hundreds of Other Coins

BloFin is another low-cost exchange that offers a wide range of markets. You can buy Ethereum with a debit/credit card instantly. The minimum deposit is about £8 and fees average 3-5%. The purchased coins can be withdrawn to a private wallet. No KYC is needed, meaning a seamless and anonymous investing process.

Alternatively, you might consider trading Ethereum on BloFin’s spot exchange. It supports hundreds of coins, ranging from Bitcoin, Pepe, and Arbitrum to BNB, XRP, and Litecoin. Spot trading commissions start at 0.1% per slide. That’s just 10p for every £1,000 traded. BloFin is also a futures platform with leverage of up to 150x.

However, these markets are better suited for experienced traders. BloFin also offers Ethereum savings accounts. The current interest rate is 4% but this requires a 360-day lock-up period. Flexible accounts are also available, though these pay just 0.1%. BloFin is available online or via an Android/iOS app. Both options provide a smooth trading experience.

Ethereum Wallets

Ethereum wallets are required to store ETH privately, typically on a mobile app or browser extension. Some wallet providers also support GBP payments, meaning you can buy and sell Ethereum with ease. This also comes with added convenience; Ethereum will be added to the wallet balance straightaway.

Wallets are also a great option for swapping cryptocurrencies. For instance, suppose you’re holding Ethereum but want to buy Bitcoin. You can instantly exchange Ethereum for Bitcoin without leaving the wallet interface.

Let’s explore the best options for UK investors.

1. eToro Money Wallet – User-Friendly Ethereum Wallet With Fee-Free Payments

eToro Money Wallet offers everything an Ethereum investor needs. First, it enables users to store Ethereum in a safe environment. eToro provides a custodial service, so beginners don’t need to learn about private keys and other wallet functions. It keeps the majority of client-owned Ethereum in offline wallets – known as ‘cold storage’.

This makes online hacks almost impossible. Another security feature is two-factor authentication. This requires an SMS code whenever core wallet features are used.  Additionally, the eToro Money Wallet supports transfers. This means you can send and receive Ethereum to and from other locations. The wallet also supports GBP payments.

Crucially, you can buy Ethereum instantly with a debit/credit card. No deposit fees are charged on GBP payments. A potential drawback is that approval is needed when transacting. This is unlike non-custodial wallets, which provide full autonomy. What’s more, the wallet comes with fewer features when compared to the primary eToro platform.

eToro is a multi-asset platform which offers both investing in stocks and crypto assets, as well as trading CFDs. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

2. Exodus – Non-Custodial Ethereum Wallet for Browsers, Mobiles, and Desktops 

Exodus is a non-custodial Ethereum wallet that launched in 2015. This means investors can store ETH without trusting a centralized provider. Only the wallet owner can access their private keys, offering complete autonomy and privacy. What’s more, Exodus is available on multiple devices.

This includes a browser extension for Chrome, an Android and iOS app, and desktop software for Mac and Windows. Exodus is free to download and the user experience is suitable for beginners. However, learning how wallet security works is crucial, as you’re 100% responsible for keeping it safe.

Exodus also enables UK investors to buy Ethereum with Visa or MasterCard. The transaction is settled instantly but expect fees of about 3-5%, depending on the partnered processor. Exodus also accepts Bitcoin, XRP, Litecoin, Solana, and thousands of other popular cryptocurrencies.

Comprehensive Walkthrough on How to Buy Ethereum UK

It takes less than five minutes to buy Ethereum in the UK, especially when using a debit/credit card or e-wallet. Read on for the complete step-by-step walkthrough.

Step 1: Choose a Cryptocurrency Exchange

Choosing the right cryptocurrency exchange is the first step. Our top pick is eToro. It’s an established platform with FCA approval and regulation.

It offers fee-free payments when using GBP, covering Visa, MasterCard, PayPal, and Skrill. eToro is also user-friendly and the minimum Ethereum trade requirement is just $10 (about £7).

Step 2: Open an Account

The next requirement is to open an eToro account (or whichever exchange you’ve chosen). Simply complete the registration form by entering your name, home address, date of birth, email, mobile number, and national insurance number.

Next, complete the KYC process. This requires a copy of your passport or driver’s license, plus proof of address. This can be a utility bill or bank/credit credit statement, but the document must have been issued in the past three months.

Step 3: Make a Deposit

The eToro account can now be funded in GBP. Instant deposit methods include debit/credit cards and e-wallets. You’ll need to deposit at least $100 (about £77). No deposit fees apply.

Bank transfers are accepted too but take several days to clear. Plus, the minimum increases to $500 (about £380).

Step 5: Search for Ethereum

Use the eToro search bar to find Ethereum. Click the ‘Trade’ button to be taken to the investing page.

eToro also provides analysis and research insights, allowing you to explore Ethereum’s performance before investing.

Step 6: Buy Ethereum

You can now complete the investment form to buy Ethereum. Just type in the investment size in US dollars.

Click the ‘Buy’ button to confirm. You’ll find the purchased Ethereum in your eToro portfolio.

Step 7: Decide How to Store Ethereum

Most eToro clients keep their cryptocurrency investments on the platform. This means eToro is the custodian, so it’s responsible for keeping the coins secure. What’s more, this makes it easy to sell Ethereum for cash, as it’s just a case of clicking the ‘Close’ button.

That said, eToro also enables clients to withdraw Ethereum to an external wallet, such as Exodus or MetaMask. This will appeal to long-term investors who want to avoid counterparty risks.

What is Ethereum?

Ethereum is both a decentralized blockchain and a cryptocurrency. Its native digital coin is called ‘Ether’, although Ethereum and ETH are used interchangeably.

Unlike Bitcoin, Ethereum offers more than just peer-to-peer transactions. It enables third parties to deploy ‘smart contracts’, providing decentralized products and services. This includes metaverses like the Sandbox and Decentraland, play-to-earn games like Axie Infinity and Gala, and decentralized exchanges like Uniswap.

Ethereum is also home to some of the best meme coins, including Shiba Inu, Pepe, and FLOKI. Crucially, projects operating on Ethereum pay transaction fees in ETH, ensuring demand isn’t exclusive to speculative investors.

That said, most people buy Ethereum to make money, considering its unprecedented performance since its inception. While Ethereum launched in 2015, it held an initial coin offering (ICO) a year earlier. The ICO sold ETH for just $0.31. At its peak in 2021, ETH was trading at almost $5,000. This translates to growth of over 1.6 million percent.

Market volatility has seen Ethereum decline in recent years, but has still outperformed the traditional investment markets. For instance, the Ethereum price has increased by 71% in the past year. The FTSE 100 has risen by just 13% over the same period. Today, investors can buy Ethereum 43% below its all-time high. This provides an enticing entry point for first-time buyers.

Key Considerations Before Investing in Ethereum

First-time investors should make the following considerations before buying Ethereum:

• Ethereum Prices are quoted in USD: Most exchanges list Ethereum against USD, similar to gold, oil, and other commodities. USD is also used by analysts when discussing its performance and future potential. Therefore, UK investors should get comfortable with ETH/USD prices, rather than constantly converting back to GBP.
• Making a profit: Investors will make a profit when selling Ethereum for a higher price than was originally paid. This is the same concept as investing in shares. For example, suppose you buy 0.5 ETH when it trades at $2,000. You sell that 0.5 ETH when the price is $3,000. This means you’ve made a $500 profit ($3,000 – $2,000 * 0.5).
• Prepare for volatility: Ethereum is a volatile investment, with wild price movements being a regular occurrence. Historically, Ethereum has declined by over 70% from its peak on multiple occasions. First-time investors should be aware of the risks involved and prepare for enhanced volatility; rapid increases or decreases can happen at any time.
• Selling Ethereum for cash: Ethereum can be sold for cash at any time. Unlike shares, you don’t need to wait for the markets to open in the crypto world, meaning 24/7 trading. Crucially, Ethereum has a market cap of over $330 billion, so liquidity will never be an issue.
• Capital gains tax: Tax could be due if you make money from an Ethereum investment. This will depend on the overall returns, with UK investors getting a capital gains tax-free allowance of £3,000. For instance, suppose you make an £8,000 profit. This would leave £5,000 liable for tax.

Buying Ethereum in the UK: Risks and Rewards

Like any investment, it’s important to consider the risks and potential rewards before buying Ethereum. Read on to determine whether this digital asset is right for you.

Potential Rewards When Buying Ethereum

Some analysts believe that Ethereum is worth just a small fraction of its true potential. After all, thousands of projects operate on the Ethereum blockchain; each one pays fees ETH when transacting. This means Ethereum has a proven use case, which will likely only increase over time.

For example, ARK Invest’s Cathie Wood believes that Ethereum’s market capitalization could reach $20 trillion by 2032. This would mean a 60x upside from current valuations, amplifying a £100 investment to £6,000.

While Wood’s projections are speculative, Ethereum has already produced substantial returns. For example, you could have bought Ethereum for just $140 in late 2019. Peaking at under $5,000 two years later, this would have returned over 3,200%.

More recently, Ethereum was trading at about $1,500 in September 2023. It surpassed $4,000 in March 2024, meaning gains of over 160% in just six months.

Risk When Buying Ethereum

Ethereum’s past performance doesn’t guarantee future returns. Nobody can predict the markets with conviction, especially in the volatile and speculative cryptocurrency sector.

The best practice is to only invest money you can afford to lose. After all, Ethereum’s price history shows multiple bearish cycles, where its value has declined by significant amounts.

• For example, suppose you bought 1 ETH when it peaked in late 2021. You would have paid just under $5,000. It declined to about $1,000 the following year. Had you sold, you would have made an 80% loss.
• Similarly, Ethereum peaked at about $1,200 in early 2018, only to drop to lows of under $100 a year later. That’s an even greater decline of over 90%. 

This is why risk-averse investors should consider dollar-cost averaging when investing in digital currency. You can avoid these wild pricing swings by investing small amounts at regular intervals. For example, investing £50 every month, consistently for several years.

Conclusion

You now know how to invest in Ethereum in the UK safely. The best practice is to use an FCA-regulated platform; this will provide a secure environment to invest. Diversification and dollar cost-averaging are also important when mitigating risk.

eToro is worth considering when investing for the first time. Its regulated and beginner-friendly platform is used by over 35 million people. While commissions are more expensive than other platforms, eToro ensures UK investors can trade safely.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

FAQs

The post How to Buy Ethereum in the UK: A Simple Guide for First-Time Investors appeared first on ReadWrite.

The UK crypto market is booming, with an estimated 12% of Brits having previously invested in crypto assets. Getting started is simple; just choose an exchange, deposit funds, and decide which crypto to buy. However, not all platforms are safe, while others charge high fees.

This guide explores the best crypto exchanges in the UK, focusing on security, commissions, accepted payment types, supported coins, and customer service. Read on to select the right exchange for you.

Reviewing the Top UK Crypto Exchanges

Various factors should be considered when selecting an exchange. This includes everything from supported coins and fees to licensing, payment types, and account minimums.

Read on to learn more about the top 10 crypto exchanges in the UK.

1. eToro – The Overall Best Crypto Exchange for UK Investors

• Supported Cryptos: 100+
• Spot Trading Fees: 1%
• Min Deposit: $100 (about £77)
• Bitcoin Withdrawal Fees: 2%
• FCA License: Yes
• KYC?: Yes
• Mobile App? Yes
• Leverage: Professional clients only
• Staking/Earn Tools: Yes

eToro is a regulated crypto exchange with over 35 million users. It’s approved and licensed by the FCA, among other regulatory bodies. This makes eToro the safest place to buy crypto in the UK. It supports over 100 cryptocurrencies, including Bitcoin, Solana, BNB, Ethereum, Bitcoin Cash, and Litecoin. This is in addition to thousands of shares, ETFs, commodities, and currencies.

eToro is a user-friendly platform aimed at novice investors. It’s available on desktop browsers and an iOS/Android app. It also offers copy trading and smart portfolios, an ideal choice for passive investing. However, eToro charges higher fees than many exchanges. This could be worth it for the added peace of mind, considering its strong regulatory framework.

Crypto Trading Fees

eToro charges 1% per slide on crypto trades. This means UK investors pay 1% when entering and closing positions. Like all crypto exchanges, eToro also charges a market spread.

Key Features

Copy trading enables eToro users to replicate successful crypto traders like-for-like. Smart portfolios are professionally managed by eToro, providing a diversified and passive investing experience.

Safety & Licensing

eToro is authorized and regulated by the FCA. It’s also licensed by CySEC (Europe) and ASIC (Australia), and approved by FINRA (US).

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

2. Margex – Instantly Buy Bitcoin With Visa and MasterCard (£4 Minimum)

• Supported Cryptos: 49
• Futures Trading Fees: 0.019% (limit orders), 0.06% (market orders)
• Min Deposit: £4
• Bitcoin Withdrawal Fees: 0.002 BTC
• FCA License: No
• KYC?: No
• Mobile App? Yes
• Leverage: 100x
• Staking/Earn Tools: Yes

Margex is a popular trading platform that accepts Visa and MasterCard payments. The purchasing process is simple and fast; choose which crypto to buy (e.g. Bitcoin), state the investment size, and type in the card details. The transaction will be credited instantly. Margex has a minimum deposit of just £4, so it’s an ideal choice for investing small amounts.

Margex also offers perpetual futures. These are crypto derivatives supporting long and short orders, plus leverage of up to 100x. This offers £1,000 in trading capital for every £10 deposited. Margex also offers staking tools, copy trading, and a mobile app. However, it isn’t regulated by the FCA or any other licensing bodies. This increases the risks, considering no consumer protections apply.

Crypto Trading Fees

Margex traders pay just 0.019% (limit orders) or 0.06% (market orders) when trading crypto. Financing fees also apply when trading with leverage.

Key Features

Margex offers perpetual futures with up to 100x leverage. These allow traders to go long or short, meaning profits can be made from rising and falling prices. It also offers 4% interest when staking Bitcoin.

Safety & Licensing

Margex is an unregulated exchange without any licenses. That said, it offers robust security features, including email confirmations, two-factor authentication, and SSL encryption. 100% of client-owned coins are held in secure cold wallets.

3. MEXC – Trade Over 2,900 Crypto Markets Without Paying Commission

• Supported Cryptos: 2,900+
• Spot Trading Fees: 0% (limit orders), 0.02% (market orders)
• Min Deposit: £30
• Bitcoin Withdrawal Fees: 0.0001 BTC
• FCA License: No
• KYC?: No
• Mobile App? Yes
• Leverage: 200x
• Staking/Earn Tools: Yes

MEXC is popular with UK traders seeking a huge range of crypto markets. It currently lists over 2,900 cryptocurrencies with more being added daily. This includes up-and-coming projects with small market capitalizations and high upside potential. MEXC offers 0% commissions when placing limit orders. Market orders are charged slightly more than 0.02%.

No KYC is needed when joining MEXC and multiple deposit methods are accepted, including debit/credit cards. The minimum Visa/MasterCard payment is £30. MEXC offers copy trading tools too, alongside savings accounts and leverage of up to 200x. The latter covers perpetual futures with the ability to short-sell. However, MEXC holds no regulatory licenses.

Crypto Trading Fees

MEXC can’t be beaten when placing limit orders; no trading commissions are charged. Market orders are charged 0.02%.

Key Features

MEXC offers leverage of up to 200x when trading futures. This provides £20,000 in trading capital for every £100 deposited. Other features include copy trading and crypto savings accounts.

Safety & Licensing

MEXC is an unregulated crypto exchange. It does, however, have verifiable proof of reserves, ensuring client balances are 100% covered by assets. Accounts are also protected by two-factor authentication and email confirmations.

4. BloFin – No-KYC Exchange With High Withdrawal Limits and Low Fees

• Supported Cryptos: 300+
• Spot Trading Fees: 0.1%
• Min Deposit: £8.31
• Bitcoin Withdrawal Fees: Quoted on the account withdrawal page
• FCA License: No
• KYC?: No
• Mobile App? Yes
• Leverage: 150x
• Staking/Earn Tools: Yes

BloFin is a no-KYC exchange. This means traders can open an account anonymously and without ID verification procedures. Only an email address or UK mobile number is needed. Those choosing not to verify their identity can withdraw up to 20,000 USDT every 24 hours. BloFin lists over 300 cryptocurrencies, including the best altcoins like Ethereum, Dogecoin, and Solana.

Traders can also buy Bitcoin with a debit/credit card; the minimum requirement is £8.31. BloFin offers competitive trading fees, with spot markets costing 0.1% per slide. It also offers perpetual futures with leverage of up to 150x. BloFin is also a popular choice for mobile trading, with its mobile app offering a user-friendly experience. Traders can also earn 3% interest on Bitcoin savings accounts.

Crypto Trading Fees

Spot trading fees are 0.1% per slide, with discounts offered for higher volumes. Those trading perpetual futures pay 0.02% (limit orders) or 0.06% (market orders), with volume-based discounts also available.

Key Features

According to our BloFin review, this crypto exchange is ideal for diversification, with over 300 cryptocurrencies supported. Leverage of up to 150x is available, plus 3% interest on Bitcoin savings. BloFin also offers accounts with KYC.

Safety & Licensing

BloFin operates without licensing, but it offers proof of reserves, liability insurance, and cold storage for client-owned coins.

5. OKX – A Great Option for Buying Bitcoin via a Peer-to-Peer Market

• Supported Cryptos: 350+
• Spot Trading Fees: N/A (Not offered to UK clients)
• Min Deposit: £13
• Bitcoin Withdrawal Fees: 0.00005 BTC
• FCA License: No
• KYC?: Yes
• Mobile App? Yes
• Leverage: N/A (Not offered to UK clients)
• Staking/Earn Tools: N/A (Not offered to UK clients)

OKX is a safe and trusted exchange with millions of active traders. It’s one of the best options for buying Bitcoin via a peer-to-peer (P2P) market. This means buyers transact directly with sellers. P2P trades are protected by the OKX escrow, meaning the seller must deposit the coins before the buyer makes the payment. GBP payment methods include local bank transfers, Revolut, and Wise.

Fees are set by sellers and built into the quoted exchange rate. Alternatively, UK clients can instantly buy crypto with a debit/credit card; the transaction is processed by OKX. The minimum purchase requirement is just £13. Other OKX services, including spot trading, futures, options, and earning tools aren’t available in the UK. This is due to regulatory restrictions.

Crypto Trading Fees

P2P trading fees are set by sellers. OKX’s debit/credit card fees are built into the quoted exchange rate.

Key Features

The P2P marketplace allows UK traders to buy crypto directly from sellers. Payment methods include UK bank transfers and Revolut. Also offers instant crypto conversions.

Safety & Licensing

Legally operates in the UK market but isn’t regulated or licensed by the FCA. Offers a secure framework with cold storage and two-factor authentication.

6. Binance – Buy Dozens of Cryptocurrencies Instantly With a UK Debit/Credit Card

• Supported Cryptos: 420+
• Spot Trading Fees: 0.1%
• Min Deposit: £15
• Bitcoin Withdrawal Fees: 0.0001 BTC
• FCA License: No
• KYC?: Yes
• Mobile App? Yes
• Leverage: N/A (Not offered to UK clients)
• Staking/Earn Tools: Yes

Launched in 2017, Binance is the largest crypto exchange globally. UK clients can instantly buy dozens of cryptocurrencies with a debit/credit card. This includes the best meme coins like FLOKI, Shiba Inu, and Pepe. The minimum and maximum purchase amount is £15 and £5,000, respectively. Binance requires a government-issued ID before the transaction is processed.

UK clients can then access the spot trading markets, where over 420 coins are available. High-level charting tools are offered, including technical indicators. Binance charges competitive fees; those placing limit and market orders pay just 0.1%. Discounts are offered based on the 30-day trading volume or by holding BNB in the Binance account.

Crypto Trading Fees

Spot trading commissions start from just 0.1% per slide. Buying crypto with a debit/credit card incurs variable fees, built into the exchange rate.

Key Features

A diverse spot trading platform with advanced charts, drawing tools, and technical indicators. Some features aren’t available to UK clients, including automated bots, derivatives, and copy trading.

Safety & Licensing

Binance operates in the UK, although it has received several warnings from the FCA. This is why Binance doesn’t directly accept GBP bank deposits (debit/credit cards are processed by third parties).

7. Bybit – Passively Buy and Sell Crypto via Automated Trading Bots

• Supported Cryptos: 1,500+
• Spot Trading Fees: 0.1%
• Min Deposit: £10
• Bitcoin Withdrawal Fees: Quoted on the account withdrawal page
• FCA License: No
• KYC?: No
• Mobile App? Yes
• Leverage: 200x
• Staking/Earn Tools: Yes

Bybit is one of the best crypto trading platforms in the UK for automated investing. It offers a wide selection of bots that trade crypto automatically 24/7. Multiple strategies are available, ensuring all trading goals and risk tolerances are supported. This includes dollar-cost averaging bots for long-term investors, not to mention Martingale bots for those with an increased risk appetite.

Bybit supports spot trading and crypto futures, and lists more than 1,500 coins. This includes the best cryptocurrencies to buy, such as Bitcoin, Solana, and Ethereum. Bytbit offers leverage of up to 200x and trading commissions are competitive. It also offers earning tools with high interest rates, advanced analysis tools, and a KYC-free experience.

Crypto Trading Fees

Entry-level traders pay 0.1% per slide when using the spot trading exchange. Futures are charged 0.02% (limit orders) and 0.055% (market orders)

Key Features

Bybit offers one of the most diverse crypto ecosystems, including automated trading bots, earning tools, and leverage of up to 200x, not to mention loans and a crypto-backed debit card.

Safety & Licensing

Bybit is another popular exchange without any regulatory licenses. Even so, it boasts over 54 million registered users and some of the highest daily trading volumes. Bybit keeps client-owned coins in cold storage and offers two-factor authentication for additional security.

8. PrimeXBT – Trade Crypto Futures and CFD Asset Classes Anonymously

• Supported Cryptos: 30
• Futures Trading Fees: 0.01% (limit orders), 0.02% (market orders)
• Min Deposit: £1
• Bitcoin Withdrawal Fees: 0.0005 BTC
• FCA License: No
• KYC?: No
• Mobile App? Yes
• Leverage: 200x
• Staking/Earn Tools: No

PrimeXBT is a multi-asset platform that supports a wide range of markets. This includes 30 crypto futures, covering everything from Solana, Bitcoin, XRP and Dogecoin. Traders can go long or short and obtain leverage of up to 200x. PrimeXBT also supports forex pairs like GBP/USD, commodities, and indices. These assets are backed by contracts-for-differences (CFDs).

PrimeXBT is also a no-KYC platform. Traders can withdraw up to $20,000 (about £15,000) every 24 hours without completing ID verification. Moreover, you can buy up to $2,000 (about £1,500) worth of crypto with a debit/credit card anonymously. PrimeXBT offers a diverse selection of educational tools, including a free trading course.

Crypto Trading Fees

PrimeXBT charges 0.01% (limit orders) and 0.02% (market orders) when trading crypto futures. Other asset classes, including forex, commodities, and indices, can be traded commission-free.

Key Features

PrimeXBT is aimed at advanced traders looking to speculate on crypto futures. Its charting dashboard comes packed with features, including over 50 technical indicators. Also offers copy trading and leverage of up to 200x.

Safety & Licensing

PrimeXBT isn’t regulated by the FCA but it does hold licenses in Lithuania and Saint Lucia. However, these licensing bodies provide little if any customer protections for UK clients.

9. Gemini – Licensed and Secure UK Exchange With Convenient Plaid Payments 

• Supported Cryptos: 70+
• Spot Trading Fees: 1.49%
• Min Deposit: £10
• Bitcoin Withdrawal Fees: Quoted on the account withdrawal page
• FCA License: Yes
• KYC?: Yes
• Mobile App? Yes
• Leverage: N/A (Not offered to UK clients)
• Staking/Earn Tools: Yes

Next on this crypto exchanges list is Gemini. This is another good option for those favoring safety over low fees. Gemini is approved and licensed by the FCA, alongside regulatory bodies in other countries. It offers institutional-grade security, including multi-sig cold storage for client funds and two-factor authentication.

A small percentage of coins are held in hot wallets, which are adequately insured. Gemini – which lists over 70 coins, accepts GBP payments via Plaid. This enables users to connect a UK bank account and instantly transfer funds. The minimum deposit is £10 and no fees apply. However, Gemini charges standard trading commissions of 1.49%, which is expensive.

Crypto Trading Fees

Gemini users pay 1.49% when trading crypto. However, there’s a flat fee of between £0.75 and £2.25 for orders under £150.

Key Features

Gemini is ideal for UK clients looking to buy crypto via fee-free bank transfers. It also offers Ethereum staking, but the minimum requirement is 32 ETH for those in the UK.

Safety & Licensing

Gemini offers robust security measures and holds a range of licenses, including the FCA. A majority of client funds are held in cold storage. The balance is held in insured hot wallets.

10. Coinbase – Deposit GBP via Faster Payments Free and Near-Instantly

• Supported Cryptos: 260+
• Spot Trading Fees: 1.49%
• Min Deposit: None
• Bitcoin Withdrawal Fees: Quoted on the account withdrawal page
• FCA License: Yes
• KYC?: Yes
• Mobile App? Yes
• Leverage: N/A (Not offered to UK clients)
• Staking/Earn Tools: Yes

Launched in 2012, Coinbase is a safe and user-friendly exchange. It’s approved and licensed by the FCA, keeps the majority of client-owned coins in cold storage, and is trusted by over 100 million people. It also offers two-factor authentication and IP address whitelisting. Coinbase is a good option for depositing funds via a UK bank account.

Not only are transfers free but they’re credited almost instantly. However, Coinbase charges 1.49% when buying crypto with GBP. This increases to 3.99% when using a UK debit/credit card. Coinbase supports over 260 coins, so is also a suitable choice for diversification. It also offers a recurring buy feature, allowing UK clients to set a regular investing schedule.

Crypto Trading Fees

Coinbase charges a standard commission of 1.49%. This is reduced when using the Coinbase Advance platform, which is aimed at more experienced traders.

Key Features

Coinbase offers a simple and safe way to invest in the crypto market; features are limited when compared to other UK exchanges. Nonetheless, it offers earning tools, allowing investors to generate a yield on their idle crypto balances.

Safety & Licensing

Coinbase is a heavily regulated exchange, with approval and licensing from the FCA. It’s also licensed in other countries, including the US and Australia.

Our Methodology for Ranking Crypto Exchanges

Hundreds of crypto exchanges exist; many accept traders from the UK. We created a methodology to ensure only the best platforms were discussed.

The key points we looked for are summarized below:

• Supported Cryptos: The best crypto exchanges in the UK offer a wide range of markets. MEXC, for instance, offers over 2,900 cryptocurrencies. This includes everything from Bitcoin and Ethereum to meme coins like Pepe and dogwifhat.
• Trading Fees: We prefer crypto exchanges with low trading fees. For example, Margex charges a commission of just 0.019% when placing limit orders. That said, we found that trading fees are much higher when using FCA-regulated platforms, considering the costs of compliance.
• Minimum Deposit: Our methodology also explored the minimum deposit for UK investors. Beginners will like Margex, which requires just £4.
• FCA Regulation: eToro was our overall top pick for its FCA regulation. It also holds licenses with other licensing bodies. Crucially, UK investors benefit from a safe investing experience, albeit, with higher trading charges.
• Payment Methods: We also explored payment methods when ranking UK crypto trading platforms. Most providers accept instant payments via debit/credit cards. We also included exchanges that support near-instant bank transfers, which are often fee-free.
• No-KYC: A selection of no-KYC exchanges was also included. This enables users to register, deposit funds, and trade anonymously. It also provides access to a broader range of crypto products, such as leveraged futures and automated bots.
• Trading Tools: Preference was also given to exchanges with notable trading tools. eToro offers copy trading and smart portfolios, making it the go-to platform for passive investing. MEXC and BloFin are good choices for technical traders seeking indicators and drawing tools.

Best Crypto Exchanges in the UK Compared

The best crypto exchanges in the UK are compared below:

How Do Crypto Exchanges Work?

Crypto exchanges provide a platform for buyers and sellers to trade. Some operate like brokers, where buyers can instantly purchase crypto directly from the platform. For example, you might buy £50 worth of Bitcoin, and £25 worth of Ethereum. Those coins can be kept in the exchange until you’re ready to sell or withdrawn to a private wallet. 

Some exchanges use the order book system, where traders place limit or market orders. These platforms are ideal for active traders seeking advanced analysis tools and charts. Either way, crypto exchanges make money by charging trading commissions. Users are often charged when depositing and withdrawing funds too.

Types of Crypto Exchanges

UK investors have access to many types of crypto exchanges. This section discusses the popular.

FCA-Regulated Exchanges 

A small selection of crypto exchanges are approved and regulated by the FCA. This includes eToro, Coinbase, and Gemini. These platforms offer brokerage services, meaning UK clients can buy crypto without using order books.

Instead, users choose the crypto they want to buy (e.g. Ethereum), the amount (e.g. £100), and the preferred payment method (e.g. Visa). The purchase is instantly settled and delivered to the user’s account. FCA-approved crypto exchanges are the safest option but they typically charge higher fees.

No-KYC Exchanges 

Unlike FCA-regulated platforms, no-KYC exchanges don’t collect personal information. There’s no ID verification process, so traders can invest in crypto anonymously. These platforms offer a wider range of services, including those that aren’t available on FCA platforms.

For example, many no-KYC exchanges offer crypto futures, where traders can apply leverage. Margex, for instance, offers 100x leverage on major coins like Bitcoin and Ethereum. This enables users to control £10,000 worth of crypto with just £100.

Peer-to-Peer Exchanges 

Peer-to-peer exchanges are another option to consider. They enable users to buy crypto directly from sellers in the UK. This often means a wider selection of payment methods, such as bank transfers, PayPal, Revolut, and Wise.

An escrow service is provided to ensure safety. This means the seller deposits coins into the platform’s wallet, which is locked until the trade is complete. The main drawback with peer-to-peer exchanges is fees; they’re set by sellers and thus are often much higher than the spot price.

Decentralized Exchanges  

Experienced traders in the UK might consider decentralized exchanges. No account is needed, meaning users can buy and sell crypto anonymously. Users connect a wallet to the exchange and use liquidity pools to transact.

Decentralized exchanges are backed by smart contracts, so traders can avoid third-party intermediaries. The traded crypto is delivered straight to the user’s wallet, so counterparty risks are reduced. However, decentralized exchanges only accept crypto, meaning you can’t deposit GBP.

Crypto Exchanges Fees Explained

We’ve established that even the top crypto exchanges in the UK charge fees. This section discusses the most common charges to expect, with some relatable examples.

Instant Buy Fees

Some exchanges allow UK investors to instantly buy crypto with a debit/credit card. In most cases, the fees are built into the exchange rate. This lacks transparency, so you’ll need to manually compare the quote to the real-time spot price.

For example, say you want to buy ETH in the UK:

• You want to buy £500 worth of ETH with Visa
• We’ll say the current spot price is £2,000 per ETH
• This means you’d get 0.25 ETH when investing £500
• However, the exchange quotes 0.24 ETH
• This is 4% above the spot price
• As such, you’re paying a 4% fee

Instant buys are almost always the most expensive way to purchase crypto in the UK. However, they’re also the fastest and most convenient.

Deposit Fees

Some UK crypto exchanges allow users to deposit GBP. eToro, for example, accepts debit/credit cards, PayPal, and Skrill. No fees are charged on these payment methods.

However, many crypto exchanges average 3-5% when processing GBP. This is why shopping around for the lowest deposit fees is crucial.

Trading Commissions

Almost all crypto exchanges charge commissions. The only exception is MEXC, which offers 0% commission when placing limit orders.

In contrast, Coinbase and Gemini have standard trading commissions of 1.49%. This is charged ‘per slide’. This means the commission is paid when buying and selling crypto.

For example:

• You have £1,000 in your Coinbase account.
• You want to swap that £1,000 for Bitcoin.
• You’re charged 1.49%, so that’s a buy commission of £14.90.
• A few months have passed and your Bitcoin investment is worth £1,500.
• You decide to cash out, so pay any 1.49% commission. That’s £22.35.
• In total, you paid Coinbase £37.25 in commissions.

Spreads

Spreads are considered a hidden fee when buying and selling crypto. This is also the case with other asset classes, including shares and forex. The spread is the gap between the buy and sell price. It will vary depending on the exchange, the crypto being traded, and wider market conditions.

For example:

• Let’s say you’re trading BNB
• The buy price is £440
• The sell price is £400
• You buy BNB at £440, which is 10% above the sell price
• This means you need BNB to increase by 10% (to £440) to break even
• And hence, the spread is 10%

The best crypto exchanges in the UK offer competitive spreads, often below 1%. It’s a good idea to evaluate them before trading.

Tips for Staying Safe When Using Crypto Trading Platforms

The following tips will help you stay safe when buying and selling crypto in the UK:

• Use Exchanges Regulated by the FCA: While fees are higher and you’ll have access to fewer products and services, FCA-regulated exchanges provide the safest trading experience. The FCA ensures its licensees comply with UK laws, including keeping client funds in FSCS-covered bank accounts. However, this only applies to fiat, as crypto investments are not a ‘specified investment’ under the Financial Services Compensation Scheme.
• Know the Risks: Cryptocurrencies are high-risk investment products. They’re speculative and volatile, and often have no intrinsic value – especially meme coins. Only consider investing amounts you can realistically afford to lose.
• Set Up Exchange Security Controls: Most UK crypto exchanges offer security tools to keep client accounts safe. However, you often need to set them up manually. Ensure you activate two-factor authentication at a minimum. IP address/device whitelisting should also be used.
• Use Stop-Loss and Take-Profit Orders: Another safety tip is to deploy risk-management tools like stop-loss and take-profit orders. Stop-losses automatically sell crypto investments when they decline by the chosen percentage (e.g. 10%). Take-profits work the same but in reverse. You’ll automatically close a position when it reaches the profit target (e.g. 30%).
• Diversify Your Crypto Portfolio: Buying just one crypto is risky; if it declines heavily your entire portfolio will be down. Consider spreading your investment funds across at least 10 cryptocurrencies. You can also ‘weight’ the portfolio to further reduce the risk. For example, you might have 30% in Bitcoin and Ethereum, 50% in large-cap altcoins, and 20% in small-to-medium caps.

How to Get Started with a Crypto Exchange

Here’s how to get started with an FCA-regulated exchange like eToro:

• Step 1: Open an eToro Account – Visit the eToro website to open an account. Complete the registration form and verify your email address and mobile number.
• Step 2: Upload ID – eToro requires ID from all registered users, as per FCA regulations. Upload a passport or driver’s license to get verified.
• Step 3: Deposit GBP – Deposit at least $100 (about £77) with a debit/credit card or an e-wallet (e.g. PayPal or Skrill). No deposit fees are charged on GBP payments.
• Step 4: Choose a Crypto to Buy – You’ve got over 100 cryptocurrencies to choose from at eToro. Click the ‘Discover’ button to see which markets are available. Or, use the search bar.
• Step 5: Buy Crypto – Click the ‘Trade’ button next to the crypto you’re purchasing. Specify the investment amount ($10 minimum, about £7). Click ‘Buy’ to confirm. The crypto investment is processed instantly and added to the eToro portfolio.

Conclusion

In summary, choosing the best cryptocurrency exchange in the UK requires careful consideration. Overall, eToro could suit beginners seeking a safe and regulated environment. While fees are on the high side, eToro is approved and licensed by the FCA.

It offers over 100 cryptocurrencies, plus instant payment methods like debit/credit cards. eToro also offers shares and ETFs, so UK investors can diversify with ease.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

FAQs

The post Best Crypto Exchanges UK in December 2024 appeared first on ReadWrite.

Ledger, the world-renowned manufacturer of crypto hardware wallets, has launched an exclusive promotion offering up to $50 in Bitcoin (BTC) rewards when you purchase one of their premium crypto wallets.

The promotion runs from October 8th, 4 pm CET, to October 16th, 9 am CET, giving you a narrow window to claim Bitcoin rewards with your new Ledger hardware wallet purchase.

Buy the Ledger Nano S Plus to Get Your Hands on $20 in BTC

One of the standout offers in this promotion is the ability to earn $20 in BTC when you purchase the Ledger Nano S Plus. Known for its affordability and reliability, the Ledger Nano S Plus is ideal for those looking to store a variety of cryptocurrencies securely without breaking the bank.

Thanks to the powerful Ledger Live app, available as a desktop and mobile app, Nano S Plus holders can buy crypto, stake it, or simply monitor their crypto portfolio. This hardware wallet supports over 5,500 tokens and coins across various blockchains, including Bitcoin, Ethereum, and Solana, making it one of the most versatile wallets on the market.

For just $79, you can grab this wallet and enjoy a $20 BTC bonus, making it a fantastic deal for crypto traders who want an affordable yet robust storage solution.

Even if you already have another Ledger wallet, grabbing one Nano S Plus could be useful as a backup device in case your main device is damaged.

Get $30 in BTC When You Buy a Ledger Nano X

If you’re aiming for a more advanced crypto wallet to manage your portfolio on the go, the Ledger Nano X might be the perfect option, thanks to its Bluetooth connectivity. The Nano X comes at a competitive price of $149, and it’s also eligible for a $30 Bitcoin reward during the promo period.

Buying the Brand New Ledger Flex Unlocks $50 in BTC

The newest addition to the Ledger family, the Ledger Flex, is sure to impress with its touchscreen design. As part of this limited-time promotion, purchasing the Ledger Flex will also unlock the highest Bitcoin reward of $50 in BTC.

The Ledger Flex hardware wallet boasts an intuitive touchscreen interface, making it easier than ever to interact with your crypto wallet. Thanks to its Clear Signing feature, all crypto transaction details are easily readable in human language.

Moreover, the touchscreen makes your device customizable, allowing users to add their favorite NFT or images to appear as a screensaver when the Ledger Flex screen is turned off.

Similar to the Nano X, the Ledger Flex uses Bluetooth connectivity to interact with the Ledger Live app on your smartphone, making it easy to manage your crypto assets on the go. Users can also connect to a desktop device using the USB cable. Windows, macOS, and Linux are all supported.

If you’re ready to future-proof your crypto security, upgrading to the Ledger Flex could be a smart move.

Why Ledger Hardware Wallets Have Become the Talk of the Town

With increasing threats from hackers and scammers, where over $1.4 billion have been stolen in the first half of 2024 alone, securing your crypto assets with the Ledger cold wallet devices has become essential.

Each of the Ledger hardware wallets stores your private keys offline, ensuring that your assets remain safe, even if your computer or phone is compromised. Thanks to its PIN lock, even if someone steals your Ledger device, they won’t be able to unlock it.

In addition, Ledger wallets are compatible with a wide range of cryptocurrencies, giving you the freedom to manage a diverse portfolio. You can store your Bitcoin, Ethereum, Solana, or any of the thousands of meme coins on these blockchains in a single Ledger device.

With its user-friendly interface via the powerful Ledger Live app, managing and buying crypto is straightforward for both beginners and experienced crypto users. Moreover, all Ledger devices can be integrated with popular third-party wallets like MetaMask on Ethereum and Phantom on Solana, allowing users to engage in DeFi activities like yield farming and NFT trading.

Don’t miss out on this chance to invest in your crypto security while earning BTC.

How to Get Started With the Exclusive Ledger BTC Promos

Ready to claim your Bitcoin rewards? Here’s a quick step-by-step guide to help you take advantage of these exciting deals:

1. Visit Ledger’s official website. Navigate to Ledger’s official store, where you’ll find all Ledger devices available for purchase.
2. Choose your wallet. Choose the hardware wallet that best suits your needs. Remember the corresponding BTC rewards: $20 for Nano S Plus, $30 for Nano X, and $50 for the Ledger Flex.
3. Complete your purchase. Add the wallet – or multiple wallets – to your cart, fill in your details, and complete the transaction.
4. Redeem your BTC. Along with your Ledger wallet, you’ll receive a Bitcoin voucher card with a redemption code. Enter the code on the Ledger Live app.

Is Ledger Worth it in 2024?

Ledger’s range of hardware wallets provides industry-leading security, ensuring your crypto assets remain safe from hackers, scammers, and computer malware. Whether you’re just starting with crypto or are a seasoned crypto trader, investing in a Ledger wallet in 2024 is a smart move.

With features like Bluetooth connectivity and support for thousands of coins and tokens across various blockchains, Ledger wallets offer a seamless way to manage your crypto portfolio. With this limited-time promotion offering up to $50 in Bitcoin rewards, this could be an excellent time to secure your assets.

References

1. Crypto hacking thefts double to $1.4 bln in the first half of 2024, researchers say (Reuters)

The post Earn Up to $50 in BTC When You Buy a Ledger Hardware Wallet – Promo Ends October 16th So Act Fast appeared first on ReadWrite.

Read on to discover the best crypto swap sites in 2024. We evaluate fees, safety, reputation, supported coins, and KYC requirements. You’ll also learn how crypto swaps work, and whether they’re the best way to exchange digital assets.

Detailed Reviews of the Top Crypto Swap Platforms

The top crypto swap platforms will now be reviewed in full. Read on to choose the right provider.

1. Best Wallet – The Overall Top Crypto Swap App in the Market

Best Wallet is our overall top pick. It’s a decentralized crypto wallet offering non-custodial storage. Best Wallet has an in-built tool that supports crypto swaps. Thousands of tokens are supported from dozens of blockchain standards. The latter includes Bitcoin, Solana, Ethereum, BNB Chain, and Polygon. Swaps are funded via the user’s wallet balance.

For instance, suppose you’re currently holding 10 SOL. You could instantly exchange that 10 SOL for ETH. The purchased ETH will immediately show in the Best Wallet balance. Another benefit of choosing Best Wallet is low fees. It obtains the most competitive exchange rate from external liquidity pools. These are sourced from decentralized exchanges, ensuring users remain off-chain.

Best Wallet is also a great option for security. Its mobile app for iOS and Android is compatible with two-factor authentication and biometrics. Best Wallet will also appeal to users who favor privacy. It offers an anonymous experience from the get-go, considering no account is needed. Best Wallet will soon support staking, crypto debit cards, derivatives trading, and other tools.

2. Exodus – Swap Thousands of Crypto Tokens From 50+ Blockchains   

Exodus is also a decentralized crypto wallet with a great reputation for safety. Launched in 2015, Exodus offers native software for desktops and mobiles. Supported operating systems include Windows, Mac, Android, and iOS. Once installed, users can store and swap thousands of cryptocurrencies without leaving the wallet interface.

More than 50 blockchains are supported, ranging from Bitcoin, BNB Chain, and TRON to Ethereum, Solana, and Dogecoin. Exodus’ swapping tool is simple to use and fees are sourced from decentralized liquidity providers. However, fees are automatically built into the exchange rate. This means a manual calculation is needed when evaluating competitiveness.

Nevertheless, the purchased tokens are instantly deposited into the user’s wallet balance via smart contracts. Exodus also offers an in-built staking tool with competitive interest rates. This covers some of the best cryptocurrencies to buy, including Cardano (2.76%, Cosmos (14.75%, and Kava (8.05%). Exodus also connects with decentralized applications like Uniswap.

3. Margex – Instantly Swap Large-Cap Coins Without Paying Any Fees   

Margex is a popular trading platform that doubles up as a crypto swap site. It offers instant conversions on 10 large-cap cryptocurrencies, including Bitcoin, Ethereum, Solana, and TRON. The two leading stablecoins, USDT and USDC, are also supported. Although Margex supports a smaller range of cryptocurrencies than other swap sites, several benefits should be considered.

To start with, Margex doesn’t charge fees when swapping cryptocurrencies. It holds billions of dollars in exchange liquidity, so it’s just a case of transferring coins from one web wallet to another. What’s more, users only need to meet a $10 minimum based on the current exchange rate. Cryptocurrency ‘Whales’ are also catered for; the maximum swap volume is $30,000 per day.

Margex is also a great option for accessing high leverage levels. It offers leverage of up to 100x, meaning a small margin requirement of just 1%. This provides $10,000 worth of trading capital for every $1,000 held in the account. Margex’s leverage products are perpetual futures, so long and short positions are supported. Margex also offers copy trading tools and competitive staking yields.

4. MEXC – Trade Over 2,500 Crypto Assets at 0% Commission   

While MEXC doesn’t have a traditional swap tool, we’ve included it in this list for two key reasons. First, MEXC’s spot trading cryptocurrency exchange offers commissions of 0%. The only requirement is to place limit orders. This is beneficial, as you get to choose the trade execution price and can avoid slippage. Second, MEXC supports more than 2,500 cryptocurrencies.

Most trade against USDT, making it seamless to invest in new and established projects alike. Another reason why MEXC is so popular is its KYC-free experience. Users can open an account with an email address or mobile number, meaning no personal data or KYC documents. MEXC also offers lightning-fast payouts, with crypto withdrawals typically approved instantly.

MEXC is also a great option when trading on margin. It offers a maximum leverage threshold of 200x, converting a $100 account balance into $20,000. MEXC also supports Web 3.0 products, including staking tools, savings accounts, and crypto loans. Not to mention a peer-to-peer platform and a safe launchpad for investing in new cryptocurrencies.

5. BloFin – A Great Option for Trading Meme Coins With Low Fees   

BloFin is also one of the best crypto swap sites to consider. It supports thousands of cryptocurrencies, including some of the top meme coins. This covers everything from dogwifhat, Myro, and Pepe to Dogecoin, Shiba Inu, and FLOKI. However, do note that users must place limit or market orders when trading cryptocurrencies.

While this might be intimidating for beginners, we found BloFin’s trading dashboard super user-friendly. This is the case when using the desktop website and mobile app for iOS and Android. BloFin also offers competitive fees. The maximum commission is just 0.1% per slide. For instance, suppose you swapped $1,000 worth of USDT for Pepe.

This trade would cost just $0.10 in fees. And, commissions are reduced when trading volumes increase. This incentivizes users to remain on BloFin long-term. In addition to spot trading, BloFin also offers futures. These markets come with leverage of up to 150x. Additional features include copy trading, earning tools, and comprehensive learning materials. For more details why not read our full BloFin review as well?

6. OKX – Swap Hundreds of Cryptocurrencies Without Fees or Slippage

OKX is a tier-one crypto exchange that supports hundreds of coins and tokens. It offers an instant conversion tool that’s ideal for beginners. Simply enter which coins or tokens to swap, type in the amount, and confirm. The purchased cryptocurrencies will then be added to the OKX wallet. OKX doesn’t charge fees when using the conversion tool.

It also offers slippage-free swaps. This ensures the quoted and final prices are like-for-like. However, users should still manually evaluate the exchange rate provided, especially when swapping lower-cap cryptocurrencies. Another option on OKX is to use its decentralized Web 3.0 platform, which is separate from its centralized exchange.

This offers token swaps via hundreds of external liquidity pools. Dozens of blockchain standards are supported, including Solana, BNB Chain, Ethereum, and Arbitrum. OKX’s decentralized ecosystem also includes a non-custodial wallet. Users can even activate MPC (multi-party computation) security for enhanced safety and protection.

How do Crypto Swaps Work?

Crypto swaps enable users to exchange one digital asset for another. The process is aimed at novice traders who aren’t familiar with spot trading exchanges or order books. Swaps simply require three pieces of information.

• First is the payment asset – which is the crypto the user currently holds.
• Second is the receiving asset, which is the crypto the user wants to receive.
• Third, the swap amount.

For example, let’s say the user wants to swap BTC for SOL. They enter BTC and SOL as the payment and receiving assets, respectively. They type in 0.1 BTC as the amount. The swapping tool shows that the user will receive 42.58 SOL. This means the quoted exchange rate is 1 BTC = 425.85 SOL.

Once the user confirms, BTC will be exchanged for SOL, and the purchased SOL will be added to their account. Ultimately, the best crypto swapping platforms are ideal for quickly exchanging coins or tokens without placing orders. However, although the exchange rate is quoted in real-time, users must manually assess whether it’s competitive.

Exchange Rates and Slippage 

Most crypto swap sites advertise a fee-free experience. However, hidden fees must be considered. This is because the swap will be quoted an exchange rate.

This will vary from one swap site to the next.

• For example, suppose you want to swap 1 ETH for DOGE.
• The first site quotes 20,006.70 DOGE for that 1 ETH.
• The second site quotes 21,975.69 for the same 1 ETH.
• This means you’re getting an extra 1,968.99 DOGE by using the second site.
• This is why comparing exchange rates is so important.

Additionally, you can avoid slippage when using crypto swap sites. This is because the quoted exchange rate is final. You’ll often be given a few minutes to confirm the swap. Otherwise, a new exchange rate will be quoted.

Avoid Multiple Trades

Swap platforms are also ideal when swapping cryptocurrencies that aren’t typically ‘paired’ on exchanges. For example, you can easily swap BTC for ETH or SOL for USDT. But trying to swap PEPE for TOSHI isn’t as straightforward. This is because a PEPE/TOSHI pair doesn’t exist.

As such, you’d likely need to trade PEPE for USDT, and then USDT for TOSHI. Needing to execute two trades is both cumbersome and costly. In contrast, the top crypto swap platforms enable users to exchange hundreds or thousands of digital assets via a single trade.

Funding a Swap

The funding process varies depending on the crypto swap platform.

For example, Best Wallet simply requires users to connect a non-custodial wallet. The token swap is executed instantly from the connected wallet’s balance. The newly purchased tokens are added to the same wallet via smart contracts. This means Best Wallet never touches client-owned tokens.

Conversely, traditional centralized exchanges like Margex and MEXC have a different funding process. Users must first deposit funds into their account by making a wallet transfer. The deposit is normally credited in a few minutes. Users can then swap those cryptocurrencies for their preferred digital asset.

Difference Between Crypto Swapping and Trading 

Swap platforms are tailored to audiences outside of the crypto trading space. This includes complete beginners who simply want to convert two different cryptocurrencies. For example, suppose they want to swap BTC for ETH. Newbies can enter the amount of BTC they want to swap, and the conversion tool will automatically display the equivalent in ETH.

The user can then decide whether or not they want to accept the quoted exchange rate. Swapping tools are also popular when converting cryptocurrencies from different blockchain standards. For instance, swapping WIF (Solana) for PEPE (Ethereum) or BNB (BNB Chain) for BRETT (Base). However, active traders don’t use crypto swaps aimed at outperforming the market.

For a start, there’s often a disparity between the spot trading price and the exchange rate quoted by the swap site. This almost always means that swap prices are more expensive in real terms. Moreover, swap sites rarely support limit orders, meaning users have no control over prices. They also lack advanced trading tools, such as charts, technical indicators, and market insights.

Ranking the Best Crypto Swap Platforms: Our Criteria 

An increasing number of platforms offer crypto swap services. Listed below are our main criteria when ranking the best providers.

• Supported Crypto Assets: We prioritized swap sites offering a wide range of cryptocurrencies across multiple blockchain standards. This ensures users can seamlessly swap cryptocurrencies without using multiple platforms. Best Wallet, for example, supports thousands of coins and tokens, including those operating on Ethereum, BNB Chain, Polygon, and Solana.
• Security: We only considered swap sites offering a safe user experience. Best Wallet and Exodus stand out for their decentralized swaps, meaning they never touch client-owned funds. Margex and MEXC offer two-factor authentication, while OKX users benefit from MPC technology.
• Fee Structure and Swap Rates: The best crypto swap sites offer a cost-effective experience. This should include fee-free swaps and slippage protection. We manually evaluated average exchange rates too, ensuring the users get the best market prices.
• Liquidity: The amount of liquidity available is another important factor. Swap sites with access to vast liquidity pools are the best option. This ensures even large trades get competitive exchange rates. Conversely, platforms with limited liquidity will struggle to meet the full swap amount, often meaning higher prices or failed orders.
• Funding Method: Our criteria also explored the funding method. For instance, we included swap sites that support wallet connections, meaning fast execution without needing to manually transfer cryptocurrencies.
• KYC Requirements: Some swap sites offer a KYC-free experience. This means personal information, contact details, and ID documents aren’t collected. We also included centralized swap exchanges with KYC procedures, considering some users are happy to link their crypto trades to their real-world identity.
• Additional Features: We also prioritized swap sites offering additional features. For example, Best Wallet stands out for its non-custodial storage, while Margex is ideal for obtaining leverage. MEXC is a good option for those seeking copy trading tools, and Exodus is suitable for earning competitive staking rewards.

Can You Make Money When Swapping Crypto

Crypto swaps can generate a profit, but it’s not their primary purpose. Instead, swapping tools are merely a way to convert one digital asset into another. The swap will be conducted at an exchange rate, which could be higher or lower than the spot trading price. Nonetheless, a profit will be made if the value of the newly purchased cryptocurrency increases.

• For example, let’s say you buy $4,000 worth of Bitcoin. This gets you 0.063 BTC based on the existing Bitcoin price.
• You immediately swap that 0.063 BTC for dogwifhat, which gets you just over 1,522 WIF.
• You hold that 1,522 WIF for several months, seeing its price increase by 150%.
• This means swapping BTC for WIF was a smart move, considering it generated a 150% profit.

However, crypto swaps can also result in financial losses. For example, suppose the WIF price declined by 60% after making the swap. And Bitcoin increased by 15% over the same period. Not only does this mean you’re 60% down. But you missed out on the 15% gains by not holding BTC.

Beginner’s Guide on How to Swap Crypto

This section offers a practical guide on swapping crypto via Best Wallet, our top pick for 2024.

Step 1: Visit the Best Wallet DEX

The first step is to visit the Best Wallet DEX.

No account is needed, let alone KYC documents. Click the ‘Trade’ button to open the swapping tool.

Step 2: Connect a Wallet

Best Wallet offers the fastest and most secure way of swapping crypto. This is because swaps are executed by decentralized smart contracts and liquidity pools.

Put otherwise, Best Wallet never holds your cryptocurrencies – even when the swap is being administered. So, the next step is to connect a private wallet to the DEX. Multiple wallets, including Coinbase Wallet and MetaMask, are supported.

Best Wallet, the DEX’s native wallet, can also be connected. The DEX also supports WalletConnect, which is compatible with over 500 non-custodial wallets.

Step 3: Enter the Crypto Swap Parameters

The next step is to enter the swap parameters. This includes the coins or tokens you want to swap, and the amount.

In our example, we’re swapping 400 USDT for BABYDOGE. We’re quoted 184,755,000,000 for that amount. This is a competitive rate, but users should assess their own swap quotes independently.

Step 4: Confirm the Crypto Swap

Finally, after assessing the swap quote, confirm the conversion.

Here’s what happens next:

• Best Wallet will immediately execute a transparent and decentralized smart contract.
• This deducts the payment asset (in our example, USDT) from the connected wallet.
• Then, the receiving asset (BABYDOGE in our example) is deposited into the same wallet.
• The entire process takes seconds.

A notification will appear once the swap is completed. You can then disconnect the wallet from the DEX.

The Verdict

We’ve ranked and reviewed the best crypto swap sites, with Best Wallet being our overall top pick. This top-rated mobile app offers non-custodial storage and swapping tools in one safe place.

Thousands of coins and tokens are supported and the best exchange rates are obtained from external liquidity pools.

FAQs

The post Best Crypto Swap Sites in December 2024 appeared first on ReadWrite.

With the price of Bitcoin rising and a bull market in the forecast, now could be the perfect time to buy the world’s largest cryptocurrency. However, if you’re new to crypto, figuring out exactly how to buy Bitcoin can be challenging.

eToro, a global brokerage firm and crypto exchange with more than 33 million users, makes buying Bitcoin easy. You can get started in just 2 minutes and make your first crypto purchase with a debit card, bank transfer, and more.

In this guide, we’ll walk you through the steps to buy Bitcoin on eToro and explain why eToro is one of the best places to buy $BTC in 2024.

How to Buy Bitcoin on eToro: 5 Easy Steps

Let’s dive straight into the steps for how to buy Bitcoin on the eToro app. We’ll focus on the eToro mobile app—available for iOS and Android—since most investors want the ability to buy $BTC on the go.

Step 1: Sign Up for eToro

To get started, head to the Apple App Store or Google Play and download the eToro app for your device. Open the app and tap ‘Get Started.’

To create a new eToro account, enter a username (your public display name in eToro’s social trading community) along with your email and a secure password. Then tap the boxes to accept eToro’s terms and conditions.

When you’re done, tap ‘Create Account.’

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Step 2: Complete KYC Checks

Before you can deposit funds or make a purchase with eToro, you need to complete Know Your Customer (KYC) checks. These checks are required by financial regulators to prevent money laundering and fraudulent activity.

Tap on eToro’s main menu at the top left of the screen, then tap the ‘Complete Profile’ button at the top of the menu. Tap ‘Continue,’ then enter the required information. This includes your name, address, date of birth, gender, and Social Security number. You’ll also need to take a photo of your driver’s license or passport to complete this step.

Step 3: Make a Deposit

Once your profile is verified, you’re ready to make a deposit on eToro. Tap on the main menu again, then tap ‘Deposit Funds’ at the bottom of the menu.

Enter the amount you want to deposit and choose a payment method. US users can choose from 4 payment methods:

• Debit cards (Visa and Mastercard)
• Bank transfer
• PayPal
• Wire transfer

Debit card, bank transfer, and PayPal deposits have a minimum of $10 and funds are available in your account instantly. Wire transfers have a minimum of $500 and can take up to 7 days to reach your account.

Step 4: Search for Bitcoin

From eToro’s home screen, tap the magnifying glass at the top of the screen to open the search bar. Enter ‘Bitcoin’ or ‘BTC,’ then tap on Bitcoin when it appears at the top of the drop-down results. This will take you to the asset page for Bitcoin, which includes information about the token’s current price, price analysis, and more.

Step 5: Buy Bitcoin

To purchase Bitcoin, tap ‘Trade’ at the top of the Bitcoin asset page. This will bring up an order form where you can enter the amount of Bitcoin you want to buy (in dollars). Be sure to tap ‘Buy’ rather than ‘Sell.’

If you just want to buy and hold Bitcoin, that’s all you need to do before tapping ‘Open Trade’ to complete your purchase. Your purchased Bitcoin will instantly appear in your eToro account.

However, eToro offers more advanced order tools for traders, including limit orders, stop-losses, and take-profit orders. You can access these advanced options by tapping ‘Trade’ and selecting ‘Order’ from the drop-down menu. Once your order is ready, tap ‘Open Trade’ to submit it. Depending on your order parameters, it may not execute until certain Bitcoin market conditions are met (such as reaching a certain price), at which time you’ll get a notification from eToro.

Fees for Buying Bitcoin on eToro

One of the most important things to consider when deciding where to buy Bitcoin is how much each platform costs. So, let’s look at the fees to buy $BTC on eToro and how they stack up.

Deposit Fees

eToro doesn’t charge US users deposit fees. This is great news, but keep in mind that most US crypto exchanges don’t have deposit fees, either.

Transaction Fees

eToro charges a flat 1% transaction fee to buy all cryptocurrencies, including Bitcoin. That’s in addition to a spread, the difference between the buy and sell prices for $BTC and other tokens. The spread for Bitcoin is usually very small, around 0.0005%.

This fee is either very low or very high, depending on how you compare it to what other exchanges charge. At Coinbase, you’ll only pay 0.60% per Bitcoin transaction if you make a deposit with a bank transfer and then place your order using Coinbase’s trading platform. However, Coinbase charges up to 4.5% to buy Bitcoin if you use the instant buy tool, which lets you buy Bitcoin using a credit or debit card.

It’s also noteworthy that Binance.US offers no trading fees on Bitcoin if you use the exchange’s trading platform. However, if you use Binance’s instant buy feature, you’ll pay around 3.5% per transaction.

So, eToro’s pricing is a great deal if you plan to buy Bitcoin with PayPal or a debit card, or don’t want to take the time to learn how to use other exchanges’ dedicated trading platforms. However, if you’re buying Bitcoin with a bank transfer, you could find lower fees at Coinbase, Binance.US, and other exchanges.

However, it’s important to note that, for numerous reasons, eToro was ranked #1 on our Coinbase alternatives list. For more information on how eToro fares against Coinbase, check out our eToro vs. Coinbase review.

Withdrawal Fees

eToro doesn’t charge to withdraw your Bitcoin to a third-party crypto wallet, such as a self-custody wallet. You’ll need to pay Bitcoin blockchain fees, but eToro doesn’t charge a markup on these.

For reference, Coinbase, Binance, and other major US exchanges don’t charge withdrawal fees, either.

Should You Buy Bitcoin on eToro?

There are a number of advantages to buying Bitcoin on the eToro app. Here are some of the main reasons to consider eToro:

• Low fees for debit card and PayPal purchases: eToro charges a simple 1% transaction fee to buy Bitcoin no matter what payment method you use. Other exchanges charge less for bank transfers, but far more for card purchases.

• Advanced order options: eToro supports limit orders, stop-losses, take-profit orders, and more so you can manage your risk when trading Bitcoin. You can also set up recurring orders to buy Bitcoin, which makes it easy to take advantage of dollar-cost averaging.

• In-depth crypto research: eToro provides detailed research on Bitcoin and other cryptocurrencies, including price targets, data from the Bitcoin blockchain, and data about other eToro users’ sentiment on Bitcoin.

• Supports copy trading: eToro supports copy trading, enabling you to automatically mimic the moves of other crypto traders and Bitcoin investors. The minimum to start copy trading is only $200 and there are no extra fees.

• Offers a dedicated crypto wallet: You can store Bitcoin in your eToro account, but eToro also has its own crypto wallet app called eToro Money crypto wallet. It’s available for iOS and Android, is highly secure, and supports a wide range of crypto tokens.

What to Consider Before You Buy Bitcoin on eToro

While there’s a lot to like about eToro, there are some things to keep in mind before you use this platform to buy Bitcoin:

• Limited selection of cryptocurrencies: Following a recent settlement with the US Securities and Exchange Commission, eToro is only able to offer Bitcoin, Ethereum, and Bitcoin Cash for trading on its platform. If you’re interested in building a diverse crypto portfolio instead of just owning Bitcoin, then eToro may not be the best choice.

• Not available in all states: eToro is not available in Hawaii, Nevada, or New York at this time.

• Limited charting and analysis tools: eToro’s charting platform is beginner-friendly, but offers limited support for advanced traders who need a variety of technical indicators and drawing tools.

How to Sell Bitcoin on eToro

The process of selling Bitcoin on eToro is even easier than purchasing Bitcoin. All you have to do is open the eToro app, navigate to your portfolio, and tap on your Bitcoin position. Then tap ‘Close Trade’ and confirm the sale.

Cash from your sale will be available in your eToro account immediately.

Conclusion

eToro is one of the most popular exchanges to buy Bitcoin in the US. It’s a very easy process that involves opening an account, completing KYC checks, making a deposit, and then buying Bitcoin. You can use a debit card, bank transfer, PayPal, or wire transfer, and you’ll pay a flat 1% fee for every Bitcoin purchase.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

FAQs

The post How to Buy Bitcoin on eToro in 2024: Complete Guide appeared first on ReadWrite.

This Flockerz price prediction explores the project’s upside potential. Read on to evaluate $FLOCK’s price trajectory.

Flockerz Token ($FLOCK) Price History

Flockerz is a presale project, meaning it won’t list on exchanges until the fundraising event is over. The presale will conclude in February 2025. Nonetheless, the presale runs over 50 stages, each increasing the price. This rewards early investors with the best cost basis.

The initial presale price was $0.00550000 per $FLOCK, the native token of Flockerz. The current round is priced at $0.0056785, meaning a solid discount is still available. What’s more, those investing today can secure an immediate upside of 17%. This is because the final presale price is $0.00668830.

The presale is being run directly on the Flockerz website. This removes the need to join a launchpad or complete KYC requirements. Investors connect a private crypto wallet and exchange a supported coin for $FLOCK. Options include ETH, USDT, and BNB.

Flockerz Token ($FLOCK) Price Prediction 2024

No Flockerz price prediction can be made for 2024. This is because the presale event doesn’t end until February 2025.

Nonetheless, the table below highlights the key presale prices across the 50 stages.

Flockerz Token ($FLOCK) Price Prediction 2025

We’ve established that the Flockerz presale will end on February 4th, 2025 at $0.00668830. The initial exchange listing event will take place a few days later. This could be the perfect time to launch, considering many experts believe the broader crypto market will be bullish throughout 2025.

In fact, we’re already seeing signs of the next altcoin season in Q4 2024, with many meme coins producing explosive growth. What’s more, some analysts believe Bitcoin will surpass $250,000 in 2025. This will bode well for the Flockerz exchange launch.

These factors mean $FLOCK could hit an all-time high of $0.0965345 in 2025. This is 17x from the current presale price. Achieving this feat would require an approximate market capitalization of $1.2 billion. This is based on a starting valuation of about $73 million, assuming the presale sells out.

Flockerz Token ($FLOCK) Price Prediction 2030 – Long-Term Outlook

Flockerz could be one of the best meme coins to hold long-term. Unlike most cryptocurrencies in this space, Flockerz has a use case. It has developed a decentralized autonomous organization (DAO) with voting rights.

Those casting votes not only have a say in the project’s growth. But they earn $FLOCK tokens. This means the $FLOCK price could be worth considerably more in 2030. We anticipate a potential all-time high of $0.1873905.

This requires a market capitalization of about $2.4 billion and would return presale investors 33x gains. However, we also expect increased volatility, so the average $FLOCK price in 2030 could be lower at $0.144490.

Likely Highs & Lows of Flockerz Token ($FLOCK)

Our Flockerz price prediction is summarized below:

What Is Flockerz Token ($FLOCK)

In simple terms, Flockerz is one of the newest cryptocurrencies in the meme coin space. It’s based on a fictional blue bird with highly shareable artwork.

Flockerz has developed ‘The Flock’, a revolutionary DAO for token holders. This means the project’s growth and direction will be decided by the community.

Here’s how it works:

• Flockerz will create a poll for new project proposals, such as how to allocate marketing funds
• $FLOCK holders will cast their votes
• The vote-to-earn framework means voters are rewarded in $FLOCK
• Once the vote ends, Flockerz will implement the community’s decision

This combines decentralization and democracy in a safe and secure ecosystem. It also rewards active participation and community engagement.

In addition, Flockerz has allocated 25% of its total token supply to staking rewards. This is another way for loyal holders to earn passive income. The current staking APY – which is available to presale investors – is 7,480%.

Our How to Buy Flockerz Guide dives into the process of investing in the Flockerz presale, including setting up a crypto wallet.

What Factors Influence the Price of Flockerz Token ($FLOCK)?

Investors should evaluate what factors will influence the $FLOCK price. This will help craft a strategy based on the investor’s risk profile and goals.

• Meme Coin Sentiment: Sentiment plays a huge role in crypto prices, especially speculative meme coins like $FLOCK. Broader confidence will enable Flockerz to reach its full potential. This could mean an initial price rally once $FLOCK is listed on exchanges. Conversely, negative sentiment on cryptocurrencies could mean $FLOCK enters a bearish cycle.  
• Presale Popularity: The Flockerz presale has a modest fundraising target of just over $14.5 million. Successfully achieving this goal would be highly beneficial for the $FLOCK exchange listing. An element of scarcity would be created, considering those who missed out on the presale must buy $FLOCK at market prices. 
• DAO Growth: The Flock – which is Flokerz’s DAO – can also impact the $FLOCK price. This, alongside the vote-to-earn platform, is the project’s unique selling point. The DAO will need to build and retain trust and loyalty with community members. This can help Flockerz reach the crypto mainstream. 
• Exchange Listings: The project will list $FLOCK on decentralized and centralized exchanges. The latter is the most important, as centralized exchanges generate the most trading volume. Achieving tier-one listings like OKX or Binance can help $FLOCK become the next big meme coin. However, being listed solely on decentralized platforms can hinder its growth trajectory. 

Conclusion

We’ve provided a Flockerz price prediction for presale buyers, with a potential valuation of $0.0965345 by the end of 2025. Long-term holders will be targeting bigger gains, with an estimated all-time high of $0.1873905 by the end of the decade. 

Those investing in the Flockerz presale today can secure a 17% upside immediately. This is because the presale price increases every few days. The presale accepts ETH, USDT, and BNB. Consider the risks before proceeding. 

FAQs

The post Flockerz Token ($FLOCK) Price Prediction 2024 – 2030 appeared first on ReadWrite.

Every crypto payment comes with some sort of fee, and the ones specific to Ethereum transactions are called gas fees. They are an integral part of the cryptocurrency experience, and you must keep them in mind while making transactions.

So, what are gas fees in crypto, and how do they work? How do you calculate them, and what affects their magnitude? Read on to get answers to all of your burning questions, including a few tips on how to minimize gas fees and make your transactions cheaper.

Understanding Crypto Gas Fees

The first thing you need to understand about gas fees is that they are primarily connected to the Ethereum blockchain. That said, nearly all cryptocurrencies have some form of transaction cost, and the term is sometimes used to denote the fees paid to the blockchain network.

In other words, transaction or on-chain fees refer to all transaction costs on any network, while gas fees are exclusive to the Ethereum blockchain.

With that out of the way, we will mainly focus on ETH gas fees since Ethereum is among the most prominent and widely used cryptocurrencies. Gas fees are integral to Ethereum, enabling users to conduct transactions and execute smart contracts on the blockchain. The fee is shown in small fractions of a single ether in a denomination commonly called gwei. One gwei is equal to one billionth of an ETH or 0.000000001 ETH.

The amount you’ll have to pay will depend on current supply and demand and network capacity, which we’ll cover later in the article.

How Do Crypto Gas Fees Work?

Gas fees are essential to the operation of the whole network, as they are the ones that compensate validators for staking and verifying transactions within the network. They enable the whole network to be self-sufficient, allow people to participate in its functioning, and get rewards for their participation.

Gas fees will fluctuate based on the current supply and demand of transactions. More specifically, if the network is crowded, the gas fees will rise, and the price will fall if the network congestion is lower. Moreover, gas fees tend to differ depending on the type of transaction you’re making. For instance, regular transactions are cheaper than calling a smart contract function like minting an NFT. The more complex the action, the more gas is required.

Naturally, these figures fluctuate constantly and are usually much lower on normal occasions, often around a dollar or a few dollars at the most.

This gas fee system hasn’t changed much over the years, even after the Merge. Namely, at the time, the Ethereum network moved from the proof-of-work (PoW) mechanism to the more eco-friendly proof-of-stake (PoS). Before the Merge, miners were awarded the fee for mining ETH, while those staking ETH would get compensated.

How to Calculate Gas Fees

You’re probably confused by the NFT craze examples and are wondering why the amount in gwei doesn’t correspond to the amount of the actual ETH (in dollar value) you pay when you’re making the transaction.

The truth lies behind the formula used to determine the exact fee. The current one in use was introduced with the August 2021 London upgrade and is as follows:

The minimum gas unit that has to be spent is 21,000 gwei. So, let’s say you want to send 0.05 ETH to someone. You choose to pay 70 gwei (or the base 60 gwei for that time and 10 gwei in priority fees). The amount you have to shell out would be 21,000 x (60 + 10) = 1,470,000 gwei.

The sum amounts to 0.00147 ETH, meaning you’ll have to send 0.05 + 0.00147 = 0.05147 ETH instead of 0.05.

As you can see, even though the base gas price might seem low, you still have to account for the gas limit and the priority fee you’ve chosen, both of which increase the final charge, i.e., the actual amount you must pay to make the transaction.

Before the London upgrade, the formula only contained the gas price instead of the base and priority fee. The actual gas price at any given moment was different, making it quite unpredictable. The said update was introduced to eliminate this volatility, resulting in users always trying to outbid each other and causing the gas fees to soar in many instances.

Why Do Blockchains Need Gas Fees?

As already mentioned, almost every blockchain needs some form of transaction fee to function and be self-sustainable.

With Ethereum, gas fees are paid to validators who hold ETH and are in charge of validating transactions of regular users. Considering Ethereum uses the proof-of-stake mechanism, users get to stake their ETH and automatically participate in this validation system, where they get a portion of the fees as staking rewards.

In other words, by staking ETH, you’re not only being a validator, which is crucial for the blockchain, but you also receive a form of passive income as compensation.

Gas fees are also used to calculate the number of transactions the network can handle per second. Transactions Per Second (TPS) metric is the standard, and the Ethereum network can handle roughly 12 to 15 TPS on average, while the max theoretical value is 119 TPS.

Moreover, gas fees also prevent transaction spamming as they increase the cost of a potential DDoS attack.

Gas fees also contribute to the stability and security of the blockchain, prioritize transactions, and prevent network congestion.

Post-Merge Ethereum Gas Fees

The introduction of the massive upgrade called the Merge in September 2022 moved Ethereum from the PoW to the PoS consensus mechanism. Since that moment, everything has changed for the Ethereum blockchain, especially when it comes to how validators are rewarded.

However, the adjustment didn’t really impact the actual gas fees users had to pay. Instead, the fees continued to change largely based on the supply and demand.

Consequently, the network continued having the same problems with the high gas fees it has faced since becoming one of the most popular cryptocurrencies on the planet.

How to Minimize Gas Fees

You can’t avoid paying gas fees, but you can minimize them. Here’s three main ways to minimize gas fees:

1. Your main goal should be to make transactions when the network isn’t too busy, as that’s when the gas fees are the lowest. You can use resources like the already-mentioned Etherscan, as it shows you the day’s highs, lows, and averages.
2. If you’re not in a rush to have your transactions processed quickly, you can choose a minimal priority fee, which will lower your overall gas fee.
3. You can also tamper with your wallet’s fee settings to reduce the amounts spent.

Developers who use smart contracts can strive to optimize them further to get better gas efficiency.

Gas Fee Differences by Transaction Type

Whether you’re making a regular transaction with some other user, buying an NFT, interacting with a dApp, or making a more complex transaction with the help of smart contracts, gas fees will always apply.

However, the exact gas units will differ depending on the type of transaction. Sending ETH to someone is the cheapest type of transaction, and the gas units required are equal to 21,000 gwei. More complex transactions require more units. For example, sending an ERC-20 token would cost 65,000 gwei, while transferring an NFT would be as much as 84,904 gwei, at the time of writing.

Conclusion

Ethereum gas fees and transaction fees on most other blockchains are crucial for the functioning of the whole network. They determine how much you need to pay to get your transaction validated and are added to the amount of ether you’re sending. They also ensure the security of the network, prevent spam, and keep everything running smoothly.

Now that the question of what are gas fees in crypto has been answered, you’ll have a better grasp of them and be able to keep them as low as possible for your next transaction.

FAQs

The post What Are Gas Fees in Crypto? appeared first on ReadWrite.

Often, crypto investors focus on market capitalization, which is the total value of all the coins or tokens in circulation. However, fully diluted valuation (FDV) measures the value of the currently circulating supply as well as the additional supply that may come online later. In this guide, we’ll answer the question, “What is FDV in crypto?” and learn how to evaluate FDV before making a trading decision.

Fully diluted valuation and fully diluted market capitalization both measure the total value of a crypto asset once all the overhanging supply is released. However, fully diluted valuation is commonly seen with initial coin offerings (ICOs) and pre-launch coins, whereas fully diluted market cap often refers to coins trading on crypto exchanges. Nonetheless, you might see either term used. Let’s look at fully diluted valuation in crypto and why it matters.

Fully Diluted Valuation (FDV) Explained

FDV refers to the value of the total supply of a cryptocurrency, including the supply that has yet to be released. This metric helps you make more informed investment decisions because it multiplies the current token price against the total supply once locked tokens or yet-to-be-mined coins come to market.

How Is FDV Calculated?

To calculate the fully diluted value, multiply the current price per token by the total number of tokens that will be available after unlocks. To make the concept clearer, let’s look at an example.

The $ZON token offers a good example of FDV in crypto and why it matters.

According to the tokenomics published on the ZON website, the presale allocated 70 million tokens. However, the total supply is one billion tokens.

As of this writing, the presale price is $0.0051 per $ZON token. To calculate the FDV, multiply the per-token price by the total supply of one billion.

• 1,000,000,000 * $0.0051 = $5.1 million FDV

FDV vs. Market Capitalization

In contrast to FDV, the current market cap only considers the circulating supply to calculate the value. FDV looks at the total token supply. For example, we can look at Toncoin (TON). Let’s gather the relevant numbers first.

• Token Price: $5.45
• Circulating Supply: 2,533,054,436
• Total Supply: 5,111,902,435

• Market Cap: $13.8 billion
• Fully Diluted Valuation: $27.8 billion

Only about half of the total supply is in circulation, so TON’s current market capitalization is about half of its fully diluted valuation. The market cap reflects the current market value. However, the price per token could change dramatically, particularly if new demand can’t keep up with new supply coming to market in the future. This makes FDV an important metric to understand. An FDV dramatically higher than the market cap could indicate downside risk as more supply comes online.

How to Check a Crypto’s FDV

You can use a crypto data website like CoinMarketCap to check the FDV for a cryptocurrency project you’re researching. CoinMarketCap uses the term fully diluted market capitalization rather than fully diluted value. CoinGecko offers similar token metrics but uses FDV rather than a fully diluted market cap. In this context, the terms are synonymous. Let’s look at XLM on CoinMarketCap.

CoinMarketCap does the math for you. In this example, you can see that about 60% of the supply is already in circulation, leaving about 40% to be distributed. Correspondingly, the market capitalization is about 60% of the fully diluted market capitalization, a synonym for fully diluted valuation in this case.

However, you won’t find every token listed on websites like CoinMarketCap or CoinGecko. Newer tokens, ICOs, and presale coins may require doing the math yourself. You can usually find the total supply on the project’s website or in the whitepaper. Multiply the current token price by the total supply to calculate the fully diluted value.

How Accurate is FDV in Crypto?

FDV provides a clearer picture of a token’s price, but it isn’t always an accurate way to predict future price action. While the math follows a simple formula, several factors can change the price trajectory. These range from adoption to competitors to supply changes or even regulatory challenges.

For example, the Radiant Capital DAO (decentralized autonomous organization) voted to increase the token supply by up to 50%. The effects of an increase in supply combined with a soft market proved disastrous for the RDNT token price, which cratered by more than 66% on the one-year chart shown below.

This example also demonstrates that FDV isn’t always accurate. Prior to the DAO vote, tools like CoinMarketCap showed a maximum supply of one billion tokens. Now, the maximum supply is shown as 1.5 billion tokens.

In some cases, FDV can’t be calculated at all. For example, Ethereum has no cap on the amount of ETH tokens. This makes it impossible to calculate the FDV. However, the protocol burns base fees on the network while minting new ETH to pay staking rewards. The result is a largely stable ETH supply.

Limitations of Using FDV in Crypto

The dramatic increase in supply for RDNT highlights one of the limitations of using FDV to make investment decisions. When using FDV as a metric, you should also consider potential changes to supply or restrictions to supply. For example, minting new tokens increases supply, whereas burning tokens decreases supply.

• Minting: RDNT offers one example of a token that has minting enabled. This means that more more tokens may become available and small investors may not have much say in the matter. Research whether additional tokens can be minted and which process is required for such a change.
• Burning: Token burning refers to sending tokens to an unrecoverable address, reducing the supply. FDV cannot account for this change in supply until the tokens are burned. For example, a varying amount of BNB tokens are burned quarterly.
• Token Locks: In many cases, early token purchases and team allocations are locked, meaning they can’t be sold until a specific date. However, a token lock that is still years away from unlocking might not bring as much risk if the project is growing and demand is high. Investigate when tokens unlock to make a more informed decision.
• Changes in Demand: FDV enables value comparisons for similar projects. However, fully diluted valuations don’t provide any insight into future demand. Without additional research into the prospects for demand, FDV only tells part of the story.

Conclusion

FDV in crypto measures the total market value of a cryptocurrency once all of the supply reaches circulation. Fully diluted valuation allows you to compare the values of similar cryptocurrencies, including comparing well-established projects to newly launched projects. However, this metric isn’t perfect for every situation. Minting or burning tokens can change the maximum supply, making FDV calculations from before the minting or burning event less telling.

FAQs

The post What Is Fully Diluted Valuation (FDV) in Crypto? appeared first on ReadWrite.

In this guide, we explain how to buy Memebet Token via the recently launched presale. Read on to purchase $MEMEBET at a presale discount.

How to Invest in Memebet Token – Beginner’s Guide

We’ll now explain how to buy Memebet Token. Learn how to get a self-custody wallet, fund it with an accepted crypto, and connect to the presale dashboard. The process shouldn’t take more than 5-10 minutes.

Step 1 – Download Best Wallet

You’ll need a self-custody wallet before getting started.

The wallet is needed to:

• Purchase $MEMEBET tokens via the presale event
• Store $MEMEBET tokens
• Sell $MEMEBET tokens on exchanges
• Wager $MEMEBET tokens on the Memebet Casino (optional)

Best Wallet is a good choice for beginners and experienced traders alike. This self-custody wallet supports over 60 blockchains. It also comes with an in-built DEX and solid security tools.

Download the Best Wallet app for iOS or Android. Complete the installation process, including choosing a PIN and setting up two-factor authentication.

Step 2 – Buy Some Crypto 

The Memebet presale accepts ETH, USDT, BNB, and MATIC. You’ll need to add one of these coins to Best Wallet.

You’ve got two options:

• Buy Crypto on Best Wallet: You can buy crypto with fiat money on Best Wallet. The payment is processed by partnered on-ramp providers. Accepted payment types include debit/credit cards and e-wallets.
• Buy Crypto on an Exchange: Alternatively, you can buy crypto from a traditional exchange, and transfer the coins to Best Wallet. This is the cheaper yet less convenient option.

Step 3 – Connect Best Wallet to the Memebet Token Presale 

You’ve got a self-custody wallet with some coins. Next, head over to the Memebet Token presale website. You’ll need to connect Best Wallet to the presale dashboard.

This will enable you to swap the purchased coins for $MEMEBET. Just click ‘Buy Now’ and select ‘Best Wallet’ as the wallet provider.

A notification will appear from the Best Wallet app. It will ask for authorization before completing the connection. Confirm the wallet connection and move to the next step.

Step 4 – Decide How Much to Invest in Memebet 

While Memebet could be one of the best cryptocurrencies to buy, it’s a high-risk investment. Therefore, consider how much you’re realistically comfortable losing. Fortunately, there’s no minimum investment requirement. Once you’ve decided how much to risk, select the payment method from the list of options.

This will be ETH, USDT, MATIC, or BNB, depending on what coin is stored in Best Wallet. Then type in the number of coins to invest. In our example, we’ve opted for 0.2 ETH. This amounts to 18,495 $MEMEBET tokens based on the current presale price.

Step 5 – Confirm Memebet Investment 

Finally, check you’ve entered everything correctly and confirm the presale purchase. Once again, Best Wallet will send a notification asking for authorization.

Providing it will release the coins, and transfer them to Memebet’s presale wallet. The $MEMEBET tokens will then be deposited into your Best Wallet balance.

What Is Memebet?

Memebet has built a Web3 casino for the Telegram app, offering a solid use case to the meme coin community, Telegram trading bot users, and gambling enthusiasts. Deposits and withdrawals are processed in popular meme coins like Pepe, dogwifhat, Shiba Inu, and Bonk. Payments are approved instantly via the blockchain.

Players simply need a crypto wallet to place bets. Not only is Memebet Casino accessible but it offers a private gambling experience. No KYC processes are needed, let alone an account. Thousands of games will be available, including keno, video poker, blackjack, roulette, and slots.

Not to mention live dealers and a fully-fledged sportsbook. The latter will support everything from soccer and American football to tennis, baseball, and ice hockey. Memebet Casino – which operates on the Ethereum network, also accepts $MEMEBET when placing bets.

In fact, this is the best altcoin to use, considering $MEMEBET holders get exclusive bonuses. This could include matched deposits, free spins, and cashback. What’s more, gambling with $MEMEBET offers access to the airdrop campaign.

In a nutshell, players receive $MEMEBET rewards, based on the amount wagered. The first airdrop allocation is available before the presale ends. This incentivizes players to buy and wager $MEMEBET from the get-go. The second allocation will be an ongoing airdrop, also based on wagers.

Reasons Why Memebet Is a Strong Buy

Some crypto analysts believe that Memebet could be the best new cryptocurrency to buy.

Here are some of the reasons why $MEMEBET could be a strong buy:

• Small-Cap Gem: Cryptocurrencies with a small market capitalization have the best chance of producing substantial gains. Memebet Token will be listed on exchanges with a maximum market capitalization of about $53 million. This is based on selling 1.4 billion tokens during the presale, which is 70% of the total supply. Crucially, Memebet Token could grow by 15x and still be valued at under $800 million. In contrast, large caps like Ethereum and BNB wouldn’t need trillion-dollar valuations for similar gains.
• Presale Incentives: The Memebet presale is offering a discounted price to early investors. This is a reward for buying $MEMEBET tokens before the exchange listing. What’s more, there are 30 presale stages, each increasing the price. So, those investing in the current round will secure multiple upsides.
• Crypto Gambling Market: The crypto gaming market continues to grow year-on-year. However, it’s still worth just a small fraction of the overall online gambling market. This is why Markets and Markets predicts a CAGR of over 70% through 2027. As such, Memebet Token is primed for huge growth in the coming years.
• Telegram Appeal: Launching Memebet Casino on Telegram comes with many benefits. It offers an accessible way to gamble meme coins; all that’s needed is a Telegram username. What’s more, privacy protections are in place, considering Memebet Casino doesn’t have KYC requirements. And of course, Memebet has access to almost 1 billion Telegram users.
• Exclusive Wagering Airdrops: Airdrops have been a huge success in recent years. It helps build communities and enables projects to grow organically. This is why Memebet Token is launching airdrop campaigns. The eligibility requirement is simple; wager $MEMEBET on the Memebet Casino. The more wagered, the more airdrop rewards received.

The Verdict

Overall, Memebet Token offers a solid investment proposition. Its blockchain casino not only allows players to wager established meme coins like Dogecoin and FLOKI but also $MEMEBET.

What’s more, players benefit from anonymity, instant payouts, and exclusive bonuses – all without leaving the Telegram app.

It takes minutes to invest in the Memebet presale; all that’s needed is a private wallet that’s funded with ETH, USDT, MATIC, or BNB. Consider the risks before proceeding, Memebet Token is a new and unproven project.

FAQs

The post How to Buy Memebet Token ($MEMEBET) – Detailed Guide appeared first on ReadWrite.