On Tuesday, April 6, special purpose acquisition company (SPAC) Mudrick Capital announced that it plans to take Topps public later this year. The merger should close in late Q2 or early Q3. 

The markets reacted positively to this announcement, shooting up the price of Mudrick Capital (MUDS) 7.1% on Tuesday. Topps has been around for over 80 years and the company has stayed relevant selling sports cards, candy and now NFTs. A quarter of Topps company is now digital and growing fast. Since Topps has been able to significantly grow its digital footprint, investors speculate the brand could generate much more value in the coming years.

How to Buy a Company via SPAC

Buying a company through a SPAC is just as easy as buying a share of any other company. Some brokerages limit financial derivatives of SPACs, as they aren’t seen as the same as traditional companies that have an initial public offering.

SPAC vs. IPO

A SPAC typically issues units at $10 per share typically, most units include one common share and a portion of a warrant SPACs, also known as blank check companies, are companies without revenues, assets or debts. Blank check companies are groups of investors that raise funds for the sole purpose of acquiring another company. This way, the companies that get acquired can avoid the long and expensive process of filing for an initial public offering.

Being that the company that gets acquired doesn’t need to file with the SEC to go public, there is less transparency when it comes to the firm’s finances. This presents more risk to investors, and SPACs are generally considered riskier than normal stocks. This being said, Topps will still be regulated thoroughly by the SEC, but they don’t go through the same process needed to file for an IPO. 

For more information on upcoming initial public offerings, check out Benzinga’s IPO calendar.

When is the Topps IPO Date?

Topps isn’t conducting its own initial public offering. It will go public through a merger with Mudrick Capital, a special acquisition company that is already public. The company can be bought on the NASDAQ, and it currently trades at $10.87 per share. Upon closing of the transaction, which is expected in late second or early third quarter, the combined company will be named Topps and remain listed on NASDAQ under the new ticker symbol “TOPP.”

Topps Financial History

Former CEO of Walt Disney Michael Eisner bought Topps in 2007 for $385 million through his investment company, Tornante and Madison Dearborn. Eisner will remain a chairman at the company once the merger is complete. Eisner noted he will not sell any of his personal stake in Topps, further emphasizing his commitment to the company.

Mudrick Capital plans to invest $250 million into Topps, valuing the trading card company at $1.3 billion. Topps has been around for 83 years and it had a record-breaking $567 million in revenue in 2020. Topps has been able to increase its profit margins significantly. While the company is doing well, a valuation of $1.3 billion is roughly 12.5 times its expected earnings before interest, taxes, depreciation and amortization (EBITDA). This is a relatively high multiple, but investors speculate that the company will continue to grow through its digital initiatives.

Topps (MUDS) Stock Potential

Topps has continued to innovate, recently entering into the nonfungible token (NFT) industry. Given the increasing popularity of nonfungible tokens, Topps has had success selling collectibles on the blockchain and the company plans to continue expanding its NFT collections.

Investing in a SPAC before a merger closes presents a unique opportunity. Though the deal could fall through, SPACs give investors a chance to get into a newly public company early. If you seek to mitigate risk as an investor, you may want to wait until the merger closes before investing in Topps.

How to Buy Topps Stock 

The merger between Mudrick Capital and Topps has not yet closed, so you can’t directly invest in Topps just yet. You can buy Mudrick Capital stock on the NASDAQ exchange. If you don’t already have a stock brokerage account, signing up is a quick and easy process.

Best Online Stockbrokers

Not sure where you’d like to begin your search for the right broker? Consider a few of our top choices below. 

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Best For

Active and Global Traders

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Active and Global Traders

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Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale.  

IBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.

Best For

• Access to international markets
• Active traders
• Detailed mobile app that makes trading simple
• Wide range of available account types and tradeable assets

Pros

• IB SmartRouting provides significant price improvement vs. industry
• Fractional trading allows investing regardless of share price
• Industry’s lowest margin rates
• Earn more by lending your fuly-paid shares

Cons

• Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources

Best For

Leveraged Trading

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Disclosure: 81% of retail accounts lose money

Best For

Leveraged Trading

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81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Plus500 is an online CFD broker focusing on contracts for difference (CFDs). CFDs are similar to binary options in the U.S. where traders take all-or-nothing speculation on the prices of certain securities like indices, commodities or currencies. While not legal to trade in the U.S., CFDs are legal in many jurisdictions across the globe and Plus500 offers a wide array of tradable markets using these instruments. 

Plus500 doesn’t charge commission and only profits off the spread, which is the difference between the buy and sell price of a specific security. But Plus500 is not a broker for beginners — the education materials are sparse and CFDs are risky derivatives capable of sapping out all of an investor’s capital. Only trade these instruments if you understand how they operate and the risks involved with buying them.

The Plus500 CFD platform is for CFDs. The Plus500 Futures platform offers futures for U.S. customers, and Plus500 Invest offers stock trading.

Best For

• Traders looking for a smooth mobile experience

Pros

• Great mobile app
• Low spreads and commissions
• Unlimited demo account
• Plus500 offers three platforms: Plus500 Futures, Plus500 Invest and Plus500 CFD.

Cons

• Only derivatives are available
• Futures are available to U.S. residents while CFDs are not available for U.S. residents.

Best For

Trading Ideas

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Best For

Trading Ideas

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1 Minute Review

Public is the only investing platform that lets you trade stocks, ETFs, crypto, bonds, options and alternative assets—like fine art and collectibles—all in one place. Public also provides access to custom company metrics, live shows about the markets, and insights from a community of millions of investors, creators, and analysts.

Today, Public provides more ways to create a diversified portfolio than nearly any other online broker. Members can engage in sophisticated investing strategies and access a wealth of investing insights—from company-specific analysis to live audio shows and town hall-style Q&As. In addition, Public offers a premium membership tier with unique company KPIs, detailed performance metrics, and institutional-grade research. 

 

Best For

• Stock and ETF investors
• Crypto investors
• Investors looking to diversify with alternative assets or bonds and options

Pros

• Commission-free stock and ETF trading
• Fractional share investing
• Advanced data, tools, and insights with Public Premium

Cons

• You can’t transfer crypto to another wallet
• No mutual funds or precious metals
• At this time, only offers individual brokerage accounts and not IRAs

Best For

Commission-Free Mobile Trading

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Best For

Commission-Free Mobile Trading

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Robinhood is a popular trading platform known for its commission-free trades and user-friendly mobile app. Ideal for novice investors, Robinhood makes it easy to buy and sell stocks, ETFs and cryptocurrencies. The platform offers a straightforward, no-frills experience, making it accessible for users new to investing. With features like fractional shares and a sleek interface, Robinhood lowers the barriers to entry for investing, allowing users to start with just a few dollars. It lacks the advanced tools and research options that more experienced investors might seek. Overall, Robinhood is a great choice for beginners seeking a simple way to invest.

Best For

• Beginners looking for simplicity
• Mobile-first investors
• Commission-free trades

Pros

• User-friendly mobile app
• Instant double
• Cash management
• Access to cryptocurrencies

Cons

• Limited research tools
• No mutual funds available
• Basic customer support options

Best For

Active Short Sellers

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Best For

Active Short Sellers

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TradeZero is an online broker and free stock trading platform that provides everything you need to successfully share and trade, including round-the-clock customer support. TradeZero provides four different trading state-of-the-art software programs with its services, a locator for sourcing shares for shorting, commission-free trades, and real-time streaming, to name a few of the features promoted on their website. The software is a unique and (potentially) affordable option for anyone interested in stock trading.

Best For

• Traders seeking high transparency and mobility in a stock trading program
• Those attracted to commission-free trades
• Those seeking a free version of a high-quality trading program

Pros

• 24/7 live customer support
• Uses ZeroWeb technology, a powerful level 2 online platform with direct market access
• Mobile app allows users to access stocks and trade in real-time while on the go

Cons

• Enforces Pattern Day Trading restrictions (accounts need to maintain a daily equity balance of at least $25k)
• Mobile app could offer more features

Are SPACs Good Investments?

A record amount of companies went public via SPACs in the past year. If you believe in the investors who manage the special purpose acquisition company, then the blank check company may be a good investment. Investors should approach the SPAC market with caution, as these stocks are often more volatile than traditional stocks. In some cases, companies that fail to IPO themselves will try to go public via SPAC, as it’s an easy way to access public funding.

The post How to Buy Topps Stock via SPAC by Ryan McNamara appeared first on Benzinga. Visit Benzinga to get more great content like this.

Want to jump straight to the answer? The best crypto portfolio tracker apps are CoinStats and Blockpit.

A crypto portfolio tracker is a powerful tool that allows users to monitor the performance of their cryptocurrency investments in real-time. By connecting to various wallets and exchanges, these trackers can provide a comprehensive view of your crypto holdings and help you track your net worth over time. 

Not sure which crypto portfolio tracker you should download? Benzinga created a list of some of the best crypto portfolio trackers currently available — as well as some tips to help you find the best portfolio tracker for you. 

Quick Look: Best Crypto Portfolio Trackers

• Best for Enhanced Security Measures: CoinStats
• Best for Portfolio Analytics: Delta by eToro
• Best for Financial Planning: Domain Money
• Best for Precise Figures and Help With Taxes: Blockpit (formerly Accointing)
• Best for Active Learning: altFINS
• Best for High Net-Worth Investors: Vyzer
• Best for Holistic Portfolio Review: AssetDash
• Best for Dividend Investors: Snowball Analytics
• Best for Connecting Financial Accounts: Kubera
• Best for Customizable Portfolio Tracking: The Crypto App
• Best for Performance Tracking: Altrady
• Best for International Investors: Sharesight
• Best for Tracking Your Portfolio: Cova

Best Crypto Portfolio Trackers

Ready to get started with a cryptocurrency portfolio tracker? Check out our top choices for this year and get ready to manage your portfolio more effectively.

1. Best for Enhanced Security Measures: CoinStats

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Enhanced Security Measures

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Enhanced Security Measures

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CoinStats provides powerful and unique insights into users’ crypto portfolios. The site offers several features, including transaction analytics, instant notifications and fast trading. Users can connect their favorite wallets and exchanges within minutes and begin using the platform.

The site also offers up-to-date news to keep traders informed. This news is created by the CoinStats team and can help traders make better investments with a more thorough knowledge of the markets. CoinStats also collects news from over 40 sources to provide a powerful information service for its users.

Best For

• Crypto traders using several exchanges
• Conducting advanced crypto research
• Enhanced security measures

Pros

• Military-grade encryption of crypto assets
• Earn up to 20% APY by staking
• Allows traders to simplify their crypto portfolios
• Live cryptocurrency price data

Cons

• Premium features require a paid subscription
• Advanced features can be confusing for some beginners

As an all-in-one portfolio tracker, CoinStats enables you to buy crypto directly on the platform, connect your wallets and exchange accounts to track investments, as well as earn from your holdings by staking or by beating the NFT market through their CoinStats Midas tool.

If you’re looking to seamlessly track and manage a portfolio with diverse crypto, DeFi, and NFT assets, CoinStats is the definite go-to. The platform also supports over 20,000+ tokens, 300 crypto exchanges, and 1,000 DeFi protocols on 10+ chains. Here you have the opportunity to connect an unlimited number of portfolios (wallets and exchanges), including:

• Binance
• MetaMask
• Trust Wallet
• Coinbase
• Kraken
• Kucoin
• Bitstamp and 300 others.

Price: Free for Basic plan; $13.99 per month for Premium plan; $62.91 per month for the Degen plan

Download the mobile app or reach out to the customer service team for more information as you manage your portfolio and navigate the DeFi ecosystem.

Why We Love It: CoinStats is an excellent choice for anyone that wants to manage their crypto, DeFi, and NFT portfolios from one place, regardless of the size of their portfolio. We didn’t find any other portfolio tracker that supports as many wallets and exchanges. 

2. Best for Portfolio Analytics: Delta by eToro

Best For

Multi-Asset Investors

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Multi-Asset Investors

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Delta by eToro is an iOS and Android app that keeps track of your cryptocurrency holdings and trades in real-time on your mobile device. Delta was started in October 2017 and sold to eToro in November 2019. 

The Delta by eToro app is highly rated as the best and most intuitive app of its kind, both for its functionality and its interface. The app monitors the latest values of Bitcoin, Litecoin, Ethereum and over 7,000 altcoins and charts cryptocurrencies and your positions in your local fiat currency. You can set alerts on the app and keep track of cryptocurrency news on the app’s news feed so you don’t miss out on any potential trading opportunities. 

The app has support from more than 300 cryptocurrency exchanges and includes a portfolio manager that keeps track of your cryptocurrency portfolio’s value with its profit/loss shown for the last hour, the previous 24-hour period, the last week or since you began trading. The portfolio manager also generates a personal portfolio graph where you can see the progress of your positions in BTC, ETH or any fiat or cryptocurrency. 

Delta also allows you to set up unlimited different portfolios that let you track portfolios from different owners or that use different strategies. The app gives you a detailed overview of asset splits, sources and locations, the most used exchanges and the status of your positions. 

Delta also lets you customize your own personalized watchlists and market overview, and the app automatically generates personalized notifications based on your behavior using it. If you use several devices for your trading, Delta lets free users keep 2 devices in sync, while PRO users can have as many as 5 devices synced.

Best For

• Cryptocurrency traders with multiple portfolios
• Frequent crypto traders
• Those who require detailed cryptocurrency market and portfolio analysis on-the-go

Pros

• Over 7,000 supported cryptocurrencies
• Multiple crypto portfolio tracking capability
• Simple setup for connecting wallets and exchanges
• Personalized notifications and watchlists
• Companion desktop version for Windows, Mac and Linux OS

Cons

• PRO upgrade somewhat costly
• Buy/sell prices not auto-populated when entering new trades

With support for over 10,000 tokens and 300+ crypto exchanges, you can use Delta by eToro to see how your tokens are performing without signing up for a thousand different accounts. Delta is an eToro product which allows you to track your stocks, ETFs and other investments along with your crypto. You can see pricing in your local currency, and it’s possible to sync multiple devices so that you can work with others or support your clients.

Price: Basic: Free, Delta Pro: $6.99/mo, Delta Pro+: $13.99/mo

Why We Love It: Delta Investment Tracker is a great choice for anyone who wants an on-the-go portfolio tracker that doesn’t cut functionality for aesthetics or sacrifice features for mobile compatibility. With its robust features, customization options and user-friendly interface, this platform can help you track your investments effectively and make informed decisions about your cryptocurrency holdings. 

3. Best for Financial Planning: Domain Money

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Financial Planning

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Financial Planning

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Domain Money is an all-in-one wealth management program that is notable for managing customers’ entire financial life with a dedicated CFP® professional. Unlike traditional advisors, Domain Money advisors provide members with a simple, judgment-free, financial plan covering investing, saving, tax strategy, insurance and more. They don’t require you to transfer your assets, they don’t get paid to sell you funds and they don’t charge hidden fees. Domain Money simply wants to provide great advice at a flat fee. 

Domain Money reviews your existing investments, no matter where you hold them. They put the pieces of your financial puzzle together and provide you with a clear, actionable plan to take the stress out of money. All while charging customers a one time fee of $3,900 which in comparison to the industry standard of charging a fee equal 1% of your assets per year is great value. 

The service is a bit like having your own personal CFO. Their human advisers take the time to get to know their clients and build financial plans around their goals. 

The offering is an affordable, tech forward and convenient way to get your financial life in order, all from the palm of your hand.  

At $3,900, Domain may not be the cheapest option when it comes to planning for your financial future. However, for those who are ready for a more hands-on approach than those offered by DIY tools or robos, customers will find that the cost of this five-star platform is far less expensive than traditional financial advisors.  

Best For

• Millennials looking for holistic financial planning at an affordable price point
• Customers seeking a digitally native human financial advisor service
• Those looking for on-demand advice on a particular topic or a general financial tune-up

Pros

• Customers connect with a personal financial advisor to help with investments, tax strategy, cash flow, estate planning and more.
• Domain Money advisors are CFP certified professionals & experts in their field having worked at household names like Goldman Sachs & Morgan Stanley.
• Easy-to-use concise financial page plans make it easy to work towards multiple goals.
• No minimum investment amount is required.
• Moving assets to Domain Money is not required, but they offer 0% AUM investment management
• Bank-grade security & an excellent in-app experience

Cons

• $3,900 one-time fee can be uncomfortable for some users, but is still less than paying 1% over the lifetime of the portfolio

As you hunt for a portfolio management system, you will discover that every platform has its own schtick, something that it uses to stand out from the crowd. With Domain Money, there’s several portfolio options that you can select that will offer results you want. Everyone is different, and your goals could change at any time.

As actively-managed portfolios, Domain Money offers you the mix of investments that you want, and the platform does the rest on your behalf. Domain Money works behind the scenes to ensure that the portfolio you’ve chosen performs well, because they do well when you do well. Also, did you know that there are no lockups and a 1% annual management fee?

Price: One-time flat fee for three different plans ($2,500 for One-page, $4,500 for Strategic, $7,500 for Comprehensive)

Why We Love It: With its comprehensive features, user-friendly interface, and expert insights, this platform is a must-have for anyone serious about maximizing their cryptocurrency investments.

4. Best for Precise Figures and Help With Taxes: Blockpit (formerly Accointing)

Best For

Tax report generation

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Best For

Tax report generation

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Accointing isn’t your conventional crypto tax preparation tool —   it’s an online tool that lets you manage your cryptocurrency taxes and portfolio with ease. Crypto professionals and enthusiasts can leverage this robust solution as a one-stop-shop for crypto management needs.

Accointing provides an insightful dashboard, available in both desktop and mobile, to track your performance and transactions in real-time with a breathtaking user experience. Beyond providing the easiest way for connecting your wallets through CSV or API, Accointing also supports over 300 exchanges.

The platform also doubles up as a cryptocurrency portfolio tracking dashboard. You can import all transactions automatically via Wallet address, API Connect and manual input, as well as review your historical performance and analyze your portfolio gains and losses.

Think of Accointing as an all-in-one cryptocurrency tracker and tax report generator. Its intuitive interface is easy-to-use for both novice and pro crypto holders. Anyone can access most of the platform’s free features, but tax report generation is provided through affordable subscription tiers.

Best For

• Novice and professional crypto holders
• Tax report generation
• Cryptocurrency portfolio tracking

Pros

• Easy-to-use interface
• Supports over 300 wallets and exchanges
• More than 7,500 currencies supported
• Available for desktop and mobile
• Print an unlimited amount of reports
• Helps you track your cryptocurrency portfolio

Cons

• You’ll probably don’t need all its features

Blockpit, previously known as Accointing, connects to your cryptocurrency exchange accounts and supports over 300 different exchanges and wallets so you don’t have to worry about it not supporting your favorite trading platforms. This is vital for filing taxes but it’s also a great benefit for its use as a crypto portfolio tracker. Instead of painstakingly entering in every trade you have ever made to a portfolio tracker, all you need to do is connect your crypto wallets and exchange accounts and it will track your whole portfolio precisely.

Price: $49 for Lite; 109$ for Basic; $269 for Pro; $639 for Unlimited

Why We Love It: With its seamless integration with exchanges and wallets, and comprehensive tax reporting tools, Blockpit is a great fit for crypto traders who want to keep a close eye on their portfolio with precise figures or just want help with their crypto taxes.

5. Best for Active Learning: altFINS

Best For

Altcoin Traders

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Best For

Altcoin Traders

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altFINS is a cryptocurrency analysis and trading platform that allows users to scan, analyze and execute trades in a vast number of digital assets. AltFINS’s impressive technical analysis tools help crypto traders take advantage of trading ideas across various exchanges. 

The platform’s tools include more than 60 different analytics like the relative strength index (RSI) and moving averages (MAs) computed in as little as five-minute time intervals. These useful indicators can be applied to thousands of altcoins and crypto trading pairs. You can also access altFINS’ crypto screener, which lets you create unique screening criteria and save your own custom files.  

 

Best For

• Cryptocurrency traders
• Altcoin traders
• Novice traders

Pros

• Excellent crypto trading platform
• Advanced technical analysis features
• Extensive knowledge base
• Crypto trading course
• Customizable settings

Cons

• Limited features available to free users

altFINS is designed to help you manage and review all your digital assets. Yes, this can start with crypto and NFTs, but the platform wants to grow with the economy and help you come to better understand the assets that sit outside what many would call the “traditional” economy.

There are 60 analytics you can review, including options like the RSI and MA on every asset, which are very popular indicators that investors review every day. You can see these indicators on the charts for every asset, review altcoins, check out crypto trading pairs and set up the crypto screener so that you can set your criteria and get the alerts you need.

Price: Free for the Started plan; Three higher tiers priced at $20 per month, $40 per month and $60 per month.

Why We Love It: altFINS is the ultimate tool for active learning in the world of cryptocurrency. With its powerful analysis tools, sentiment analysis and educational resources, altFINS can help you take your cryptocurrency investments to the next level.

6. Best for High Net-Worth Investors: Vyzer

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High Net-Worth Investors

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High Net-Worth Investors

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If you’re a beginner investor, you’ve flexibility regarding your choice of investment management tools. At that basic level, your brokerage platform can efficiently manage your assets. However, managing your investments can become complex as your wealth grows and your investment portfolio diversifies across multiple sectors and platforms, especially if your portfolio contains alternative assets like real estate and private equity.

The reason is that most platforms don’t integrate smoothly. Without seamless integration, managing investments across sectors, platforms and regions can get messy. That’s where digital wealth management platforms like Vyzer become highly beneficial and essential. Founded in 2020, Vyzer is an Israel-based fintech platform offering an all-in-one solution that simplifies investment management, provides transparency for diverse portfolios, empowers informed decision-making and guides investors toward successful wealth growth.

Vyzer enables you to seamlessly integrate all your investment accounts, analyze financial documents, track transactions, generate and export reports, optimize passive investments and more. Vyzer delivers clarity and visibility across all your investment holdings in a single holistic dashboard, making it the perfect solution to manage your assets. Read on for a comprehensive breakdown of this platform, its core product or service offerings, its pros and cons and what sets it apart from competitors.

Best For

• High net-worth investors with diverse and complex portfolios across multiple sectors, platforms and regions
• Beginner investors seeking a simplified investment management and financial planning platform or services
• Passive investors aiming to optimize their investment via a transparent and integrated digital investment management platform
• People who want an all-in-one solution for managing their financial or investment accounts efficiently

Pros

• Clean, modern and user-friendly interface
• Seamless integration with numerous financial institutions
• Streamlines portfolio diversification
• Offers robust and comprehensive portfolio insights
• Robust and advanced technology
• Dependable management team

Cons

• Relies on third-party account aggregators services such as Plaid and Salt Edge to connect your investment account
• Can’t initiate a trade or capitalize on investment opportunities within — it is a read-only platform

When you have a range of investments that are both preparing for the future and potentially generating income in the present day, you might need a little help keeping track of all that cash. An account with Vyzer can help you analyze all your financial documents, integrate with financial platforms online, generate reports and track transactions made from these accounts.

Since the crypto scene exploded a few years ago, there are hundreds of platforms where you might be trading crypto, holding or staking. Handling all these platforms in one place is far simpler, and Vyzer lets you do it all for free. (You can step up to a higher tier if you ever feel the need).

Instead of running from one app, site or folder to another, you can enter everything with Vyzer. You even have the option to manage your investments through the Vyzer app on your Apple or Android device. 

Price: Starter, Free; Plus, $29 per month; Premium $79 per month; Elite $149 per month

Why We Love It: The platform helps with hodling, which is an important part of maintaining a diverse portfolio. You can even save financial documents on this platform so that you can keep track of everything.

7. Best for Holistic Portfolio Review: AssetDash

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AssetDash was founded in 2021 by Matias Dorta and Jorge Perez. The pair have extensive experience in investments, marketing and technology, and their goal with AssetDash was to offer investors an all-in-one solution to portfolio tracking. 

AssetDash’s web-based and mobile platform includes a crypto portfolio tracker, a non-fungible token (NFT) portfolio tracker and an investment tracker in one operating system. Its features include real-time portfolio tracking, software updates and value change alerts for your largest asset holdings. 

Best For

• Crypto traders and investors
• NFT investors and speculators
• Multi-asset investors and traders
• New and experienced traders and investors
• Those with assets stored on different networks, blockchains or exchanges

Pros

• All-in-one multi-asset investment tracking platform
• Intuitive and very easy-to-use interface
• Quick start-up process
• Anonymous login by default
• Allows monitoring of digital and NFT asset values

Cons

• Limited educational resources

When you use AssetDash, you can track your crypto, NFTs and other investments all in the same place. At one time, you might have had all your assets spread across several different locations, but you can solve that problem with just one download. Because AssetDash brings all your money into one portfolio tracker, you can see the big picture and make better financial decisions.

The platform connects to major exchanges like Binance, Robinhood, Coinbase and more. Plus, it offers a powerful mobile app, affordable prices and lots and lots of information. You can sign up in just moments, add all your financial information and you will discover that it’s easier to build wealth and grow your net worth. Yes, you’re investing in crypto today, but you can bring other investments alongside your crypto in the future.

Price: Free

Why We Love It: AssetDash is great for anyone who has multiple assets sitting on several platforms. With its user-friendly interface and advanced features, the platform is undoubtedly one of the best options for a holistic review of your crypto assets.

8. Best for Dividend Investors: Snowball Analytics

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Dividend Investors

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Dividend Investors

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Beginners, professional investors or portfolio managers seeking a robust portfolio tracker solution to turbocharge their investing decisions choose Snowball Analytics because of its simplicity and in-depth dividend reporting and analysis, leveraging its tools and innovative features. With Snowball Analytics, you can easily link your brokerage accounts and receive automatic updates, track the performance of various tradable instruments — including stocks, exchange-traded funds (ETFs) and cryptocurrencies — and assess your entire investment portfolio in one place. 

Snowball Analytics allows for automatic brokerage connections with over 1,000 brokers worldwide (including the U.S., U.K., Europe and Asia), enabling you to monitor the performance of almost any stock, ETF or mutual fund globally. It has a wide range of innovative tools, and you can tap into its user-friendly analysis of historical and real-time data for portfolio rebalancing, asset allocation, performance calculation and benchmarking. Knowledge that comprehensive lets you make informed and profitable investment choices. Benzinga spotlights Snowball Analytics, explaining how the platform can help you track your investment portfolio efficiently.

Best For

• Active traders looking to track and manage their investments across multiple brokerage accounts
• Financial advisors and fund managers who want to provide their clients with a comprehensive view of their investment portfolios
• Cryptocurrency traders and investors looking to monitor their digital assets alongside their traditional investments
• Passive investors who want to track their portfolio performance and make informed investment decisions
• Anyone who wants to stay informed about global market trends and news

Pros

• Excellent data visualization tools for a better understanding of your portfolio
• Benchmarking to compare your results with major funds and indices
• One-click portfolio rebalancing
• Diverse tracking capabilities — stocks, ETFs, real estate investment trusts (REITs), cryptocurrencies and precious metals
• Great web application for mobile
• Comprehensive dividend analytics and reporting
• Wide range of supported brokers — 1,000+ exchanges
• Streamlined data importation
• Automatic brokerage connections and updates
• Excellent community to learn and grow

Cons

• Requires subscription to access the full range of features
• No dedicated mobile app

Snowball Analytics works well for beginners, professional investors and portfolio managers that need a quality solution for portfolio tracking. You gain several benefits, including: 

• In-depth dividend reporting and analysis
• Easy linking to your brokerage accounts 
• Automatic updates
• Performance tracking for all your tradable instruments

You can connect automatically with over 1,000 brokers worldwide in the U.S., U.K., Europe and Asia. You can look into pretty much any stock, ETF or mutual fund globally, review crypto performance and make use of a massive array of innovative tools that allow you to see historic and real-time data, informing your rebalancing efforts, allocation of current assets and benchmarking for future review.

You can also join the community on the site to learn more, share ideas and grow as an investor. It’s easy to import data, and even fund managers or financial advisors can utilize this platform to help their clients without spinning their wheels with manual calculations. In short, you can track trends, learn how to handle your portfolio and use Snowball as your one-stop shop for all the investment info you require.

Price: Free; Starter $7.99 per month; Investor $14.99 per month; Expert from $24.99 per month

Why We Love It: Whether you’re a seasoned investor or just starting out, Snowball Analytics’ user-friendly interface, powerful analysis tools and automated dividend reinvestment options make it easier than ever to manage and grow your crypto investments.

9. Best for Connecting Financial Accounts: Kubera

Best For

Portfolio tracking

Account Minimum

N/A

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More Details

Pricing

$15 per month or $150 per year

Account Minimum

N/A

1 Minute Review

If you’ve tried to keep track of all your financial assets, investments, cryptocurrencies, credit card debt, mortgages, auto loans, real estate etc. and their values in order to get an accurate net worth, then you know how difficult it can be to keep current.  Kubera is a revolutionary online service that lets you track all of your assets in one place.

Best For

• Those who want an online only service
• Investors to track assets

Pros

• Tracks cryptocurrencies, as well as traditional investments.
• Connects to over 20,000 different banks worldwide.
• Values assets like your home, car and Internet domains.
• “Dead man’s switch” feature lets you leave access to your beneficiary.

Cons

• No mobile app currently available.

Kubera lets you connect all your financial accounts, including crypto, in a single space. This makes understanding your net worth with crypto simple. Often crypto portfolio trackers make you manually add all your investments instead of simply connecting accounts.

Price: $150 per year for Kubera Personal; $150 per month for Kubera White Label; $999 per year for Kubera Black (14-day trial for $1)

Why We Love It: Kubera is an excellent choice for anyone looking to connect their financial accounts in one convenient place. With its support for cryptocurrencies and user-friendly interface, it’s a top contender in the world of financial management apps.

10. Best for Customizable Portfolio Tracking: The Crypto App

Best For

Customizable Portfolio Tracking

Overall Rating

Get started securely through The Crypto App’s website

The Crypto App offers far more features and functionality than most crypto portfolio trackers. It offers an expansive tracking tool with customizable crypto watch lists, dynamic overviews of coin performance, a host of proprietary token and market insights and powerful advanced charting. Its portfolio manager also lets you conveniently centralize the data from all of your self-custodial wallets and accounts on various exchanges into one place.

This is where most cryptocurrency portfolio tracker apps stop but The Crypto App adds much more. Additional features include fully customizable widgets so that you don’t have to open the app to check your portfolio and real-time alerts to keep you up to date with the market, even while the app is closed. If that wasn’t enough, The Crypto App also offers a personalized news feed powered by top media names in the crypto space so you can stay informed on the news that is most important to your portfolio. This wide range of features and large degree of customizability make The Crypto App one of the most powerful crypto portfolio tracking apps available right now.

Price: Free for Basic plan; $8.99 per month for Pro plan; $14.99 per month for Pro+ plan

Why We Love It: Users can easily add and remove cryptocurrencies, as well as adjust the display settings to suit their preferences. Whether you want to focus on specific coins or track your entire portfolio, The Crypto App allows you to tailor your dashboard to meet your unique needs.

11. Best for Performance Tracking: Altrady

Best For

Performance Tracking

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Best For

Performance Tracking

N/A

1 Minute Review

Altrady is a comprehensive trading terminal that allows cryptocurrency investors to buy and sell on multiple exchanges from a single platform. This can be a major benefit for investors who want to diversify their portfolios quickly and easily. Altrady also provides investors with a large range of customization tools and features that can be used to create a personalized trading platform. Altrady’s system can be a bit overwhelming for investors who are complete beginners, but the platform offers a wealth of educational resources and instruction videos to help ease the learning curve.

Best For

• Investors who have previous experience trading cryptocurrencies
• Investors who are looking for a single terminal to manage all of their investments
• Traders who value cross-platform syncing and the ability to invest from their desktop

Pros

• Wide range of customization tools
• Hotkeys and journaling features allow investors to make notes on their trades and progress
• Its education system includes a wealth of videos showing users how to use the platform’s most popular features

Cons

• Monthly pricing comes in addition to standard broker fees
• Can be overwhelming for new users

Altrady is a buzzing hub for cryptocurrency enthusiasts. Use Altrady’s trading terminal to buy and sell crypto on multiple exchanges with the Altrady app. Use Altrady’s portfolio manager to see the growth of your assets in different exchange wallets and use it to make objective trading decisions.

Price: €17.47 per month for Basic; €31.47 for Essential; €55.97 for Premium

Why We Love It: Altrady provides comprehensive analytics, real-time data insights, and customizable reporting features that make it easy to monitor and optimize marketing campaigns in an all-in-one platform.

12. Best for International Investors: Sharesight

Best For

International Investors

Overall Rating

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Best For

International Investors

N/A

1 Minute Review

If you have multiple investment or brokerage accounts, it can be difficult to keep track of how your investments are actually performing — and where you can afford to trim the fat. Enter Sharesight, a comprehensive portfolio tracker that allows you to keep tabs on all of your investments in 1 simple spot. Track cash, stocks, mutual funds, cryptocurrencies and much more on Sharesight’s intuitive platform.

Getting started with Sharesight is exceptionally simple, which can be a major asset for new investors or investors who are managing their own accounts for the first time. Though Sharesight might not be all-inclusive when it comes to American brokerages, it can be an excellent choice for international investors searching for an easier solution to asset management.

Best For

• International investors with multiple Oceanic or European brokerage accounts
• Investors who want to automatically track the value of their cryptocurrencies
• Investors who are searching for a simplified portfolio tracker suitable for beginners

Pros

• Advanced reporting options make it easier to track how your investments are performing on a daily, weekly, monthly and yearly basis.
• Unique tax reporting tools allow you to set your own tax residency and the end of your tax year.
• A free trial allows you to test out Sharesight’s features with up to 10 holdings before making a commitment to a premium plan.
• The software tracks 8 major cryptocurrencies as assets.

Cons

• Only supports 8 major cryptos

Sharesight is a cloud-based portfolio tracking platform that allows investors to easily monitor their investments in global markets. With Sharesight, international investors can track their stocks, ETFs, mutual funds and crypto all in one place. You can track eight different cryptocurrencies in Sharesight: Bitcoin (XBT), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Stellar (XLM), Dash (DAS), Monero (XMR) and Bitshare (BTS).

Prices are updated every five minutes, with intraday cryptocurrency prices provided through Open Exchange Rates’ API. You’ll also benefit from Sharesight’s performance and tax reporting features, plus powerful reports including Performance, Portfolio Diversity, Contribution Analysis and Future Income (upcoming dividends).

Despite its benefits, Sharesight’s extremely limited cryptocurrency offering makes it a poor choice for those looking to accumulate a wide range of different altcoins.

Price: This platform offers four options that range from free to $23.25 per month.

Why We Love It: Sharesight provides international investors with a comprehensive and user-friendly platform to track and analyze their investments across multiple markets and currencies. With its robust features and global support, Sharesight is truly the best option for international investors looking to efficiently manage their investment portfolios.

13. Best for Tracking Your Portfolio: Cova

Best For

Tracking Your Portfolio

Overall Rating

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Best For

Tracking Your Portfolio

N/A

1 Minute Review

Cova is a smart asset register enabling users to track their traditional and digital asset portfolios. It enables users to sync their banks, wallets and investment apps to track their investments in one place. 

By combining all asset classes, Cova eliminates the scattered tracking of investments and enables beneficiary notification of the user’s portfolio in the event of their death. Using Cova ensures users that their assets are claimed by beneficiaries and well protected. 

Cova’s support of over 11,000 financial institutions in North America and global crypto exchanges provides convenient asset tracking while enforcing high-security measures of investment data.  

Cova’s smart asset register enables users to link apps, accounts and assets of digital and traditional portfolios in one place. This investment tracker allows syncing and automatic tracking of the user’s investments by providing balances and holdings of all accounts. 

If the user dies, their beneficiaries are notified about their portfolio. By doing so, Cova ensures the beneficiary claims the user’s assets, and it also offers an extra layer of surety by enabling the user to appoint a trusted helper.  

Best For

• Individuals wanting to organize their wealth in one place and securely manage important documents
• Benefactors desiring beneficiary notifications in the event of a death
• Traditional and digital asset investors wanting to track their portfolios
• Investors expecting fully encrypted data and high security of investments
• Individuals wanting to collaborate with their financial/legal advisors to optimize their portfolios

Pros

• Enables the syncing of all investment portfolios in one place
• Enforces high security to protect a user’s investment information and assets
• Offers traditional and digital asset tracking
• Supports numerous financial institutions and crypto exchanges to ensure convenient syncing
• Provides a secured vault for document storage
• Notifies the recipient of a user’s portfolio
• Offers automated liability tracking

Cons

• App unavailable for mobile investors

Cova bills itself as a “smart asset register” that helps you track your portfolio and fully understand your financial situation. Using this platform, you can collaborate with different platforms or professionals, including online brokerages, exchanges, financial planners, accountants and attorneys. This means that you can truly see all your investments in one place and all the stakeholders in those investments will know what is going on.

Plus, you can set up a beneficiary with the Lifecheck feature, dictating who will be alerted in the event that you pass away suddenly. This is important because your beneficiaries will not need to fight for access to these funds (as they are likely part of your will.)

You can also track liabilities like credit cards and loans. Completely secure, this platform also allows for document management so that you can keep track of all the odds and ends related to your finances.

Price: Cova offers a free plan and a premium plan that costs $10 per month or $100 per year.

Why We Love It: Whether you’re managing your own investments or handling funds for family members or clients, Cova offers an easy-to-use solution for monitoring and analyzing your portfolio. Cova is best for those who want to track their traditional assets and digital assets in one place.

What is a Crypto Portfolio Tracker?

A cryptocurrency portfolio tracker is a website, app or another type of platform that allows you to manage your investments and keep track of how the value of your coins is changing. Just like a GPS helps you navigate and stay on track while traveling to new destinations, a crypto tracker helps you navigate and stay on track with your investments in the exciting and ever-changing world of cryptocurrency.

Different cryptocurrency portfolio trackers have different sets of features, and no one tracker does everything perfectly. Some may allow you to buy and sell coins but don’t feature every coin you need. Others might allow you to purchase and catalog tons of different choices but don’t support tracking features. You’ll need to consider each crypto portfolio tracker individually and decide which one is right for your needs as an investor and a trader.

Why Use a Crypto Portfolio Tracker?

With the volatile nature of the crypto market, it can be challenging to manually monitor each of your investments and their performance. A crypto portfolio tracker is a tool that allows you to manage and monitor all of your cryptocurrency investments in one place. Here are a few reasons why using a crypto portfolio tracker is beneficial:

Real-Time Performance Monitoring

A crypto portfolio tracker helps users keep track of their investments in real-time, giving them quick updates on price changes and total portfolio value. This enables investors to make informed choices based on the current market situation.

Diversification Analysis

A crypto portfolio tracker allows investors to view the distribution of their assets among various cryptocurrencies. This summary helps them determine if their portfolio is too focused on one asset and aids in developing better diversification strategies.

Trade History and Analytics

Portfolio trackers offer in-depth analytics on previous trades, such as purchase prices, sales, and gains or losses. This historical information assists investors in assessing their trading strategies and identifying what is most effective for them.

Custom Alerts and Notifications

Crypto portfolio trackers usually have customizable alerts that inform users about price changes, percentage shifts, or when a particular asset hits a target price. This enables investors to respond promptly to opportunities or to exit trades before losses increase.

Tax Compliance and Reporting

A reliable crypto portfolio tracker helps users monitor their transactions and profits, which can assist in calculating capital gains taxes. This tool can ease the tax reporting process and help ensure adherence to local regulations.

How to Choose the Best Crypto Portfolio Tracker

Unfortunately, not every crypto portfolio tracker is equally useful and secure. Though every portfolio tracker will offer its own individual niche to appeal to a certain group of traders, every choice you consider should have at least these basic features. 

Safety and Security

The decentralized nature of the blockchain makes Bitcoin and other cryptocurrencies exceptionally difficult to track and trace. It’s also very difficult to determine who owns which wallet — and once a cryptocurrency transaction has been initiated, it’s virtually impossible to get that money back. This makes it especially important to choose a tracker that prioritizes security features like two-factor authentication and multi-layer encryption to protect your coins and money from potential hacks or data leaks.

Clean and Clear Layout

Choose a tracker with a simple and easy-to-use layout, and consider using a crypto portfolio tracker app on your phone for convenient access.

Wide Range of Available Coins and Exchanges

A crypto portfolio tracker should connect with all your coins and exchanges to make trading easier. It’s important to check the platform’s coin offerings before signing up to manage all your coins in one place.

Control Your Cryptos

Cryptocurrency is an exciting new investment front — and there’s never been an easier time to get started with a portfolio tracker or an individual exchange. However, it’s important to remember that cryptos are also still a very volatile market and it’s possible to lose money overnight.

Be a smart investor and do your due diligence before you buy any security. Always remember not to invest more than you can afford to lose. 

Frequently Asked Questions

The post Best Crypto Portfolio Trackers by Ryan McNamara appeared first on Benzinga. Visit Benzinga to get more great content like this.

Want to jump straight to the answer? The best altcoin exchanges are Gemini and Coinbase!

Alternative coins, or altcoins, include any cryptocurrencies other than Bitcoin and include tokens like Ethereum, Uniswap, Dogecoin and thousands of other cryptocurrencies. The best altcoin exchange depends on what you’re looking to invest in, as well as what features you’re looking for in a trading platform.

You need an account with a cryptocurrency exchange to get started. Some exchanges let you trade altcoin-bitcoin pairs, meaning you can buy and sell altcoins using bitcoin. Trading altcoins against bitcoin is a great choice if you want to track your portfolio’s performance against the king of crypto: Bitcoin.

Most crypto exchanges support at least some altcoins. Depending on the exchange you choose, the types of altcoins you can buy will differ. Some crypto exchanges offer financial derivatives, interest-bearing accounts and even pre-approved lending.

Take a look at our list of 6 best exchanges for altcoins.

Best for Active Investors: eToro

Best For

Social Investing

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Disclosure: Take 2 mins to learn more at https://etoro.tw/44JRWLY. 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. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk

Best For

Social Investing

N/A

1 Minute Review

eToro crypto offers access to wide range of tokens, investment opportunities and educational tools for investors of all styles and levels of experience.

Best For

• Investors looking to CopyTrade other traders
• Simple user interface

Pros

• Several major cryptocurrencies and altcoins
• Expansive network of social trading features
• Large client base for new traders to imitate
• 100+ coins available

Cons

• PayPal and Credit Card are not available for UK and FCA users

eToro is a great choice if you want to actively involve yourself in cryptocurrencies. eToro has a unique social media platform on its exchange and allows users to communicate trading ideas to each other. 

eToro is a great place for beginners to learn about crypto since it has this built-in platform. Many beginners find eToro’s simple interface easy to learn. Also, eToro has a unique feature called CopyTrader, where users can allocate a portion of their funds to mimic popular traders’ portfolios. 

Best for Mobile Users: Gemini

Best For

New Investors

Overall Rating

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Best For

New Investors

N/A

1 Minute Review

Gemini Trust Company LLC is a cryptocurrency exchange that supports trading in over 70 assets. While its selection of cryptocurrencies is limited compared to some competitors, Gemini excels in account security and regulatory compliance. The platform offers additional features such as a cryptocurrency rewards credit card, a built-in hot wallet, and the ability to pay crypto at various retailers. These tools and services make Gemini a robust choice for both new and experienced traders seeking a secure trading environment.

Best For

• Beginner-friendly platform offering handsome educational resources.
• Strong security features, including staking options.

Pros

• Gemini operates as a fully regulated cryptocurrency exchange.
• It accepts clients from the U.S.
• The platform employs stringent cybersecurity measures to protect users’ funds.
• Gemini is well-capitalized and adheres to banking regulations.

Cons

• Gemini is available in 60 countries, including the United States, the United Kingdom, Canada, Australia, Hong Kong, Singapore and South Korea.
• It offers fewer crypto assets to trade, with just over 70 available.

Gemini, a cryptocurrency exchange, offers a great choice for mobile users. It offers a sleek mobile app for iOS and Android so you can manage your crypto on the go. Gemini currently offers bitcoin and 25 different altcoins on its exchange. 

You can also get an insured wallet on Gemini which protects you from online security breaches. You can point to several crypto hacks throughout the years, so it’s good to have an extra layer of security like insurance. Purchase a hardware wallet if you don’t have insurance.

Best for Beginners: Coinbase

Best For

Active Crypto Traders

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Disclosure: Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.

Best For

Active Crypto Traders

N/A

1 Minute Review

Coinbase is one of the largest cryptocurrency exchanges by trading volume, serving customers in over 100 countries and supporting hundreds of crypto coins and tokens. The platform features a user-friendly interface with options like staking and earning, as well as a “learn and earn” feature where users watch educational videos and answer questions to earn crypto assets. Trading fees can be high on the basic platform, but users can access the advanced platform for free.

Best For

• Coinbase is best for beginners because of its user-friendly interface.
• The availability of over 30 products caters to the needs of traders of every mindset.

Pros

• Coinbase offers a learn and earn program.
• You can earn coins and tokens by watching tutorials and answering crypto-related questions. This platform lets you earn crypto just by spending your fiat via a debit card as you normally would when you use Coinbase’s Visa debit card.
• Offer a wide variety of altcoins.
• Ideal for new investors.

Cons

• Complicated fee structure
• Does not support margin trading (only 3x on Pro version)

If you’re a beginner who wants to invest in cryptocurrencies, take a look at Coinbase. Coinbase offers about 40 different altcoins to choose from and it offers a unique feature where you can convert any altcoin into another altcoin automatically on its exchange. Coinbase can do this because it’s a crypto brokerage, not an exchange. The 2 altcoins aren’t actually traded for each other, Coinbase just credits your account with the correct tokens. 

Coinbase offers a website and mobile app for iOS and Android. To fund your account, you can connect to your bank via wire or credit card. Alternatively, you can send cryptocurrency to your Coinbase wallet to fund your account. 

Best for DeFi Exchanges: Crypto.com

Best For

Sign Up Bonuses

Overall Rating

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Best For

Sign Up Bonuses

N/A

1 Minute Review

Crypto.com strives to make cryptocurrency a part of everyday life by offering a full suite of services for crypto users. The company offers a Crypto.com App, Exchange, Visa Card, DeFi swap, DeFi Wallet, DeFi Earn, Crypto.com Price, staking, crypto lending, and many other services. What really sets them apart, however, is the combination of super low fees and incredibly generous rewards programs for their users.

Best For

• Traders who want access to a secure, low-cost cryptocurrency exchange
• Passive investors who want to earn interest on their balance without frequent trading
• Mobile investors who prefer to handle all their crypto needs via their phone or tablet

Pros

• Low fees
• High security
• One-stop shop for all your crypto needs (wallet, trading, spending, and more)
• Lots of ways to earn interest, rewards, and rebates

Cons

• Low privacy
• Customer service response time could be improved

Crypto.com is a cryptocurrency platform that allows you to store, transfer and exchange more than 90 cryptocurrencies. It also offers its Crypto.com Visa Card, so you can spend your crypto anywhere Visa is accepted and earn up to 8% back.

Crypto.com can get you verified in less than 5 minutes, and it’s free to open an account. The platform offers 24/7 customer support.

Beyond the Visa card, Crypto.com products include its app, Crypto Pay, Crypto Earn, Crypto Credit and the Crypto.com Exchange and DeFi Wallet. Crypto.com wants to accelerate the world’s transition to cryptocurrency, and its wide range of products can help you start your own process.

Best for Altcoin Variety: Binance

Best For

Altcoin Trading

Overall Rating

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Best For

Altcoin Trading

N/A

1 Minute Review

Binance is the largest cryptocurrency exchange in the world by trading volume. In fact, it tops the ranks of cryptocurrency exchanges maintained by CoinMarketCap, which are ranked based on 24-hour trading volumes, exchange score and average liquidity. Binance triumphs over exchanges like Huobi Global and Coinbase, which follow closely in 2nd and 3rd places, respectively. 

Previously based in Malta, the Binance Group is now based in the Cayman Islands. Binance has several locations and entities registered across the globe. In the United States, it’s known as Binance.US. The exchange in the U.S. uses the same cutting-edge technology and trading services as its global counterparts with the difference being U.S. regulatory compliance. It is operated by San Francisco-based BAM Trading Services.

Binance.US ranks 9th on CoinMarketCap’s list of the top 10 exchanges based on metrics like 24-hour trading volume, exchange score and average liquidity. Binance could be a good platform for you to invest in cryptocurrencies if you are a U.S.-based trader who trades frequently, doesn’t intend to pay high trading fees and needs access to a large number of cryptocurrencies. 

Best For

• US Citizens
• Frequent day traders
• Users interested in Binance Smart Chain (BSC) and Binance Coin (BNB)

Pros

• Low trading fees
• Easy-to-use platform
• Wide selection of altcoins — it offers 51 cryptocurrencies apart from Bitcoin (BTC)
• Good customer service
• High liquidity because of large trading volumes

Cons

• Only residents of 43 states in the U.S. can trade on Binance.US. You cannot trade on this platform in New York, Connecticut, Hawaii, Texas, Vermont, Idaho and Louisiana
• Despite the wide selection of altcoins, the number of tokens offered on the U.S. platform is not comparable to the hundreds of choices available on the Binance global platform
• There is no option for telephonic customer support

Binance, a leading cryptocurrency exchange with several built-in features, offers you the choice to trade against bitcoin, U.S. dollars, or USDT trading pairs. (USDT is a stablecoin that’s pegged to the U.S. dollar and has a 1:1 ratio with the U.S. dollar.) Binance also has its own token, Binance coin (BNB), that you can use to pay transaction fees. 

Depending on your location, Binance may also offer financial derivatives. Binance offers margin trading in some regions and allows you to leverage your crypto positions. 

Best for Comparing Exchanges: Swapzone

Best For

Finding the Best Exchange Rates

Overall Rating

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Best For

Finding the Best Exchange Rates

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1 Minute Review

Swapzone is a cryptocurrency exchange aggregator that provides a 1-stop solution for finding the best instant exchange deal to proceed with. Swapzone helps traders browse through services, compare different exchange rates and analyze and swap 500+ cryptocurrencies in just 1 interface. All swaps are custody-free, with no registration needed.

Best For

• Finding the best exchange rates
• Active traders
• Long-term investors

Pros

• No additional transaction fees
• Fast and secure
• 24/7 customer support
• Dynamic interface

Cons

• May be confusing for novice traders
• May be unnecessary for experienced traders

Swapzone is an aggregator of what each exchange can offer you. With 15 supported exchanges and over 500 available currencies, you can use the simple forms on the homepage, review a few swaps, choose your favorite and close the deal.

At Swapzone, you enter the crypto you have, what you want to get back and you will see every available deal out there. You don’t have to scrounge through every exchange hoping to find the right deal when Swapzone shows you everything right away. This is far simpler than going for the safest deal. In the case of Swapzone, you always get the best deal.

You also get 24/7 live chat and Gmail support for any questions you may have. You only pay blockchain and partner exchange fees, avoid hidden fees and have the chance to make snap decisions without experiencing information overload.

Crypto Exchange vs. Broker

Crypto brokerages and crypto exchanges serve the same function but operate differently. Crypto brokerages such as Coinbase set the price of altcoins consistent with the market. Alternatively, crypto exchanges use order books consisting of buy and sell orders to set the price of their altcoins. Binance is an example of a cryptocurrency exchange.

Which Exchange Has the Most Altcoins?

Of the exchanges listed above, Binance has the widest variety of altcoins. Binance supports 184 different cryptocurrencies and over 500 trading pairs. Other exchanges still support most major market cap altcoins and both Coinbase and Gemini support dozens of altcoins. 

Argent technically supports more tokens than these exchanges, you’ll tap into less variety because Argent only supports Ethereum-based tokens. Most investors care more about the quality of altcoins supported on an exchange compared to the number of altcoins offered on an exchange. 

Altcoin Watchlist

With thousands of altcoins on the market, it’s hard to know which to invest in. As a general rule of thumb, smaller market cap altcoins are more volatile than larger market cap coins. Many altcoins are built on Ethereum using the ERC-20 token standard, but many others use their own blockchains or are hosted by alternative layer 1 blockchains, such as Solana and Avalanche. To see some of the top altcoins by market cap, check out our table below.

Bitcoin

BTC

$79,852.00

-1.16%

Trade

Ethereum

ETH

$2,307.58

-1.91%

Trade

Tether

USDT

$1.00

0.02%

Trade

BNB

$748.57

0.60%

Trade

XRP

$1.29

-2.86%

Trade

USDC

$1.00

0.01%

Trade

Solana

SOL

$99.88

-1.50%

Trade

TRON

TRX

$0.33

-0.17%

Trade

Figure Heloc

FIGR_HELOC

$1.03

0.09%

Trade

Zcash

ZEC

$1,243.23

-5.06%

Trade

↓

Should You Invest in Altcoins?

Only invest in volatile altcoins if you’re risk tolerant. More established altcoin projects like Ethereum are generally less risky than small market cap coins but offer less return. Before investing in an altcoin, do your research:

• What problem does this altcoin solve? Can’t figure out what problem an altcoin solves? Chances are, the project doesn’t add much value to the market. Some coins that solve trivial problems may still appreciate in the short term, but you should question the project’s long-term sustainability.
• Why does decentralization help solve this problem? Using blockchains where decentralization is unnecessary often creates inefficiencies. Blockchains are slow, power intensive and hard to operate. Before investing in an altcoin, ask yourself if decentralization on a blockchain is necessary for the project to operate. If it isn’t, then the company likely issued its altcoin as an easy way to raise capital. This was extremely common in the 2017 bull market when the initial coin offering (ICO) craze took place. 
• Who developed this project? Knowing the core developers and founders of the altcoin project you want to invest in will give you insight into how the project gets managed. If a project doesn’t display any team members on its website, it’s a red flag. Anonymously developed altcoins are fraudulent. It’s also a good idea to vet the founders/developers on external websites so you can see their past experience and verify their identity.
• How many coins will be minted/are in supply? An altcoin’s price has little to do with its growth potential. Just because a cryptocurrency is cheap doesn’t mean that it has more room to grow than a more expensive coin. You should also know the maximum supply of the coin and how many coins are currently in circulation, as this greatly affects the altcoin’s price.

Investing in the right altcoin projects can lead to huge returns. In the 2017 bull market, it wasn’t uncommon for investors to make 10 or even 100 times their return on altcoins they held through the market cycle.

Related link: COINBASE VS. ROBINHOOD

The post Best Altcoin Exchanges by Ryan McNamara appeared first on Benzinga. Visit Benzinga to get more great content like this.

Want to jump straight to how to earn interest on Bitcoin? Start earning passive income on your Bitcoin holdings with Uphold or Nexo.

As Bitcoin continues to gain popularity as a digital asset, many investors are exploring ways to earn interest on their cryptocurrency holdings. While holding Bitcoin may be a good investment strategy alone, there are other ways to grow your portfolio faster than simply holding digital assets. The easiest way is to earn interest on Bitcoin, which you can do on several investment platforms today.

If you’re interested in making your Bitcoin work for you, learn how you can start earning interest on Bitcoin now.

Can You Earn Interest on Bitcoin?

Unlike fiat money that accrue interest over time when held in a bank account, Bitcoin does not have a mechanism in place to generate interest on holdings. This is because Bitcoin operates on a decentralized network and does not rely on centralized institutions to facilitate transactions or manage accounts.

Despite this, there are opportunities in the market that allow you to earn interest on your Bitcoin, such as lending platforms, staking or decentralized finance (DeFi) protocols. While it is possible to earn interest on Bitcoin, it is important to be aware of the risks involved. The volatile nature of the cryptocurrency market means that there is always the potential for losses. Additionally, the lack of regulation in the industry means that there are risks of scams and fraudulent platforms.

Before choosing a method to earn interest on your Bitcoin holdings, make sure to do thorough research, understand the risks involved, and consider seeking advice from a financial advisor. Earning interest on Bitcoin can be a potentially lucrative opportunity, but it is important to proceed with caution and be informed.

How to Earn Interest on Bitcoin

If you have Bitcoin sitting in your digital wallet and you’re looking for a way to make it work for you, earning interest on your Bitcoin might be the way to go. There are several options available that allow you to earn passive income on your cryptocurrency holdings.

1. Bitcoin Lending Platforms

A popular option for earning interest on your Bitcoin is through Bitcoin lending platforms. These platforms allow you to lend out your Bitcoin to borrowers in exchange for interest payments. By lending out your Bitcoin, you can earn a passive income stream while also helping to facilitate the growth of the cryptocurrency ecosystem.

2. Bitcoin Savings Accounts

Many cryptocurrency platforms now offer Bitcoin savings accounts that allow you to earn interest on your Bitcoin holdings. These accounts typically offer fixed interest rates and can be a simple and secure way to earn passive income on your cryptocurrency investments. By depositing your Bitcoin into a savings account, you can earn interest on your holdings without having to actively trade or invest in the cryptocurrency market.

3. Staking

Staking is another popular way to earn interest on your cryptocurrency holdings, including Bitcoin. By staking your Bitcoin, you can help validate transactions on the blockchain network and earn rewards in the form of additional Bitcoin. Staking is a popular option for long-term investors who are looking to earn interest on their Bitcoin while also supporting the security and stability of the network.

4. Interest-Bearing Crypto Wallets

Some crypto wallets offer the option to earn interest on your Bitcoin holdings directly within the wallet. These wallets partner with lending platforms or staking services to provide users with a seamless way to earn interest on their digital assets.

5. Decentralized Finance (DeFi) Platforms

These platforms offer a wide range of financial services, including lending and borrowing, with no intermediaries. By participating in DeFi lending protocols, you can earn interest on your Bitcoin by providing liquidity to the platform’s lending pool.

Where to Earn Interest on Bitcoin

Some popular crypto accounts that let you earn interest on Bitcoin are Uphold and Nexo.io.

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Nexo is a unique lending platform that allows you to earn interest on your cryptocurrency investments. Interest rates vary by distribution method and coin, but you can expect to earn up to 16% APR. Nexo is based in Switzerland, which makes it less vulnerable to increasing regulation of crypto lending platforms in the United States.  

Nexo also allows you to take out loans based on the amount of cryptocurrency in your account without selling your coins and buying them back. Interest rates for loans begin at 2.90% APR. Though you cannot currently buy or sell cryptocurrencies through the Nexo platform, the crypto savings account provider offers a high-yield method for investors to earn money on idle coins and fiat. 

Best For

• Long-term cryptocurrency investors
• Those who already hold a stablecoin or altcoin
• Beginners who are new to cryptocurrency savings accounts

Pros

• High-yield savings accounts earn up to 16% interest on coins and fiat currencies
• Comprehensive mobile app makes management simple
• Advanced security features and insurance

Cons

• Fewer educational resources than some competitors

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Uphold is a unique broker that makes it easier than ever for you to trade on the crypto market, with quite a lot of information and access to cryptocurrencies that will help diversify your portfolio.

Uniquely, Uphold just released the option for a Trailing Stop Order. Unlike a Stop Order, which only protects you from losses based on purchase price, a Trailing Stop Order readjusts to the highest price after you buy. Therefore, you will follow the market up while the “going’s good” and get out if the price starts falling further than you’d like.

Also, ATOM is now a Tier 3 token, meaning that you can make deposits and withdrawals to and from the Cosmos Network.

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Pros

Cons

Nexo currently has a promotion that gives new users free cryptocurrency for signing up. The promotion bonuses scale up with the amount one deposits, starting at a $10 bonus for users that deposit $100 and topping out at $100 in free crypto for users that deposit $1,000 or more on the platform.

For beginners, cryptocurrency lending platforms are the easiest way to earn interest on your crypto. All you need to do is sign up for an account, and once you’ve funded your account, you can start earning interest. Most of these accounts don’t have minimum lockup times, so you can pull out your Bitcoin at any time. A centralized exchange like Uphold makes it easy for beginners to start earning interest on their Bitcoin.

Alternatively, you can use Bitcoin on Ethereum’s blockchain – Wrapped Bitcoin (WBTC). You can earn interest on Wrapped Bitcoin using many services on Ethereum’s blockchain, and you don’t even need to make an account to get started. Once you connect your Ethereum wallet to a decentralized platform like Compound or Aave, you can start earning interest on your Wrapped Bitcoin. 

How Does Compound Interest Work for Bitcoin?

There are two main types of interest you can earn from a savings account: simple interest and compound interest. Simple interest only earns interest from your principal investment, while compound interest earns interest on your principal investment plus previously earned interest. Because of this, compound interest grows your account at a faster rate than simple interest.

Compound interest is added to your account at certain intervals specified by the savings account you invest with. The shorter the time interval is, the more you will earn from compound interest. This is because you’ll start earning extra interest on your previously earned interest as soon as it’s deposited into your savings account. 

Some platforms offers compound interest that’s deposited into your account on a monthly basis. Other platforms offer even shorter intervals for compound interest; Nexo.io offers daily compound interest. 

While shorter time intervals will grow your portfolio faster, there is not a huge difference in earning potential between compound interest that’s deposited weekly and daily. Intervals for compound interest are much more important when the interval is quarterly or monthly, as the interest you earn in this time will be much more than the daily or weekly interest you earn.

Is Earning Interest on Bitcoin Worth the Risks?

A major benefit of earning interest in Bitcoin is the high interest rates you can receive. While most traditional savings accounts offer less than 1% annual interest, most Bitcoin savings accounts offer interest rates at least five times that of traditional savings accounts. And interest is paid in Bitcoin, so if the value of bitcoin appreciates so will the interest you’ve earned.

The biggest risk of using Bitcoin as a means of earning interest is the volatility of the cryptocurrency’s price. While you can earn 6% interest on your Bitcoin, if the price of bitcoin falls just 6% then the USD value of your account will be worth the same after a year of investing. If you believe Bitcoin’s price will rise in the long term, then an interest bearing bitcoin account may be a good investment for you.

Trading Bitcoin vs. Earning Interest on Bitcoin

As a Bitcoin investor, you’ll need to decide whether you’re going to trade or HODL your Bitcoin. Trading your bitcoin is another way to accumulate more cryptocurrency, but you risk losing your investment to the market. 

With the prices of cryptocurrencies continuing to be volatile, trading crypto is a high risk strategy. Instead many investors who believe in Bitcoin simply hold their crypto to speculate on its value. If you plan to hold your Bitcoin over the long term, earning interest is a great low risk way to increase your bitcoin position. When considering how to effectively utilize your Bitcoin holdings, it’s crucial to weigh the advantages and disadvantages of trading Bitcoin against earning interest on your investments, as each approach offers unique opportunities and risks.

Why Should You Trade Bitcoin?

• Potential for high returns: Trading Bitcoin can yield significant profits due to its volatility and price fluctuations.
• Flexibility: Traders can take advantage of short-term market movements and adjust their strategies as needed.
• Diversification: Active trading can provide opportunities to diversify your portfolio with different cryptocurrencies and trading pairs.

Considerations Before Trading Bitcoin

• High risk: The volatile nature of Bitcoin can lead to substantial losses, making it a risky investment approach.
• Time-consuming: Trading requires constant monitoring of the market, which can be time-intensive and stressful.
• Market manipulation: The cryptocurrency market can be susceptible to manipulation, affecting prices unpredictably.

Pros of Earning Interest on Bitcoin:

• Passive income: Earning interest allows you to generate income without actively trading, providing a more hands-off investment approach.
• Lower risk: Earning interest on Bitcoin generally involves less risk compared to frequent trading, making it a more stable investment option.
• Long-term holding: Earning interest often promotes holding assets longer, potentially leading to greater appreciation over time.

Cons of Earning Interest on Bitcoin:

• Lower returns: Interest rates on Bitcoin may be lower compared to potential trading profits, limiting overall gains.
• Opportunity cost: By locking up your Bitcoin to earn interest, you may miss out on significant price movements.
• Trust and security: Using platforms to earn interest can involve risks related to platform security and reliability.

Frequently Asked Questions

The post How to Earn Interest on Bitcoin in January 2025 by Ryan McNamara appeared first on Benzinga. Visit Benzinga to get more great content like this.

Use your cryptocurrency to make purchases with ease by choosing one of the best crypto debit cards available. Find the perfect card for you today!

Crypto debit cards allow users to spend digital assets like Bitcoin or Ethereum at locations that accept debit cards. These cards deduct money from the user’s wallet balance and convert it into the merchant’s currency. Retailers may be hesitant to accept digital currencies due to volatility and exchange rates, but partnerships with traditional banks and debit card companies are making it easier for crypto debit cards to be used.

Discover the top crypto debit cards available in the market with this comprehensive guide. Find out which card suits your needs and start spending your crypto like cash!

The 5 Best Crypto Debit Cards of 2024

1. Best Overall: Coinbase Card

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Coinbase has offered a crypto debit card to its UK and EU-based customers for years, and it’s finally bringing the convenient option to U.S. customers. The U.S. version of the Coinbase debit card comes with lower fees, higher rewards and more supported cryptocurrencies.

Best For

• Crypto traders who want instant access to their cryptocurrencies
• Customers who want to earn rewards on purchases

Pros

• Ability to use your crypto account as easily as you use your bank account
• Extensive security features that keep your crypto fully protected while you spend
• Multiple reward offers, including the ability to earn BTC back on your purchases
• No card issuance fee
• No annual fee
• Fully-functional, user friendly mobile app to manage your card and your account

Cons

• 2.49% cryptocurrency liquidation fee applied to all transactions (except those using USDC)

The Coinbase Card is a Visa debit card that allows users to spend their cryptocurrency directly from their Coinbase account. You can use the card at over 40 million merchants worldwide that accepts Visa. The card supports eight cryptocurrencies, including Bitcoin, Ethereum, Litecoin and Stellar Lumens. With no annual fees, the Coinbase Card offers a rewards program that allows users to earn cryptocurrency cash back rewards on every purchase made with the card. Plus, you can maximize your crypto portfolio by having the option to choose what you want to earn from a list of rotating crypto rewards.

Why We Love It: With its wide acceptance, seamless integration with Coinbase, rewards program, and robust security features, users can trust that they are getting a reliable and convenient solution for their crypto spending needs.

2. Best UK Card: Uphold Card

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A Fast Trading Experience

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Uphold is a unique broker that makes it easier than ever for you to trade on the crypto market, with quite a lot of information and access to cryptocurrencies that will help diversify your portfolio.

Uniquely, Uphold just released the option for a Trailing Stop Order. Unlike a Stop Order, which only protects you from losses based on purchase price, a Trailing Stop Order readjusts to the highest price after you buy. Therefore, you will follow the market up while the “going’s good” and get out if the price starts falling further than you’d like.

Also, ATOM is now a Tier 3 token, meaning that you can make deposits and withdrawals to and from the Cosmos Network.

Best For

Pros

Cons

The Uphold Card is a top notch simple crypto debit card with all of the features you need. It has no annual fee and charges 0% foreign transaction fees. It is made by the fast growing crypto exchange, Uphold, which offers crypto, precious metals and fiat currencies. With over 250 supported digital currencies, it has one of the most impressive selections in the crypto market. With the Uphold Card you can spend any asset in your exchange account including cryptos, precious metals and fiat currencies at any merchant worldwide via the Mastercard network. The Uphold Card also gives you 1% cash back on eligible purchases, paid out in GBP.

Why We Love It: Uphold Card stands out as the best crypto debit card option due to its wide range of supported cryptocurrencies, low fees, instant conversion capabilities, high cash back rewards and global acceptance.

3. Best for Security: Nexo Debit Card

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long-term cryptocurrency investors

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Nexo is a unique lending platform that allows you to earn interest on your cryptocurrency investments. Interest rates vary by distribution method and coin, but you can expect to earn up to 16% APR. Nexo is based in Switzerland, which makes it less vulnerable to increasing regulation of crypto lending platforms in the United States.  

Nexo also allows you to take out loans based on the amount of cryptocurrency in your account without selling your coins and buying them back. Interest rates for loans begin at 2.90% APR. Though you cannot currently buy or sell cryptocurrencies through the Nexo platform, the crypto savings account provider offers a high-yield method for investors to earn money on idle coins and fiat. 

Best For

• Long-term cryptocurrency investors
• Those who already hold a stablecoin or altcoin
• Beginners who are new to cryptocurrency savings accounts

Pros

• High-yield savings accounts earn up to 16% interest on coins and fiat currencies
• Comprehensive mobile app makes management simple
• Advanced security features and insurance

Cons

• Fewer educational resources than some competitors

The Nexo debit card secures your digital assets with military-grade 256-bit encryption that also incorporates 24/7 fraud monitoring mechanisms to ensure the safety of your funds and transactions. You can order and manage your Nexo card at the comfort of the Nexo Wallet app, which gives you worldwide access to your credit line.

Use the Nexo app to create free virtual cards for safe online purchases, monitor your transactions in real-time, freeze and unfreeze your debit card and receive notifications about all your transactions.

Why We Love It: With its instant transactions, high limits, rewards program, security features, and accessibility, Nexo debit card offers a comprehensive solution for anyone interested in making the most of their crypto holdings.

4. Best for Spending Rewards: Crypto.com VISA Card

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The Crypto.com Visa Card, formerly known as the MCO Visa Card, is the world’s first free, metal and crypto-linked Visa card.

Until the introduction of crypto payment cards, users faced lead times of several days when trying to access their funds for spending. The Crypto.com Visa Card helps solve this issue by allowing users to load their crypto funds to the card and convert them to their preferred fiat currency.

If you are a cryptocurrency enthusiast looking for an easy, safe way to access and use your crypto assets, the Crypto.com Visa Card could be right for you.

Best For

• Transacting with crypto (anywhere Visa is accepted)
• Earning rewards: Get full subscription rebates for Spotify, Netflix, Amazon Prime, and more
• Travel: Enjoy airport lounge access and zero foreign transaction fees

Pros

• Easily manage your spending in the Crypto.com App
• Instant top-ups with a credit/debit card, your Crypto Wallet and Fiat Wallet, and Paypal
• No monthly, annual, or foreign transaction fees

Cons

• Users have to stake large amounts of CRO to get cards with better benefits

As one of the most popular debit cards on this list, the Crypto.com VISA card offers many great benefits to its users. Arguably the biggest benefit of the Crypto.com card is its reward system. Users can earn up to 8% cash back paid in crypto, as well as rebates on Netlix, Spotify and Amazon Prime subscriptions. What’s more, you can get exclusive airport lounge access and private jet partnership with the higher tiered debit card options.

It’s important to note that to receive the best rewards, you’ll need to stake Crypto.com’s native cryptocurrency, CRO token. The more CRO you stake, the better rewards you get. This is the perfect card for CRO holders and stakers but is still great for investors who don’t have CRO. While there’s a free option, you won’t receive as much cash back or get rebates on certain products. Luckily, there’s a range of tiers for the Crypto.com debit card, so you can choose the card that fits your needs best.

Why We Love It: Crypto.com Visa card also offers different tier options to cater to diverse user needs, each with its own unique benefits and features. Whether you are a crypto investor looking to maximize your rewards or simply someone who wants a convenient way to manage your cryptocurrency assets, this crypto debit card is worth considering.

5. Best for Converting Crypto: (Non US) Wirex Debit Card

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Secure accounts

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Wirex is a borderless, digital payment platform seeking to make traditional currencies and crypto equal and accessible to everyone. Its innovative mobile app and next-gen card lets you purchase, store, exchange and spend a broad range of traditional and digital currencies quickly and securely — zero fuss and no hidden fees.

You can customize the app the way you want it to work by choosing from more than 12 traditional and crypto currency accounts. Quick and simple money transfer options are readily available, as well as the freedom to spend 150+ fiat and cryptocurrencies in over 54 million locations around the globe using the Wirex card.

Funding your account is also as easy as using your debit/credit card, bank transfer or crypto. For a seamless experience, Wirex lets you manage your account and track payments with its live in-app messages.

Best For

• Secure accounts
• Quick and simple money transfer options
• Exchange multiple currencies instantly

Pros

• You can spend over 150 fiat and cryptocurrencies
• Easy account funding
• Earn up to 1.5% in Bitcoin for every in-store transaction you make
• Heavily-discounted fees
• High limits
• 24/7 live chat support

Cons

• There have been complaints about long running open tickets

Wirex allows you to open an account and utilize the Wirex card to spend in more than 50 million locations around the world. With their Elite membership plan, you can earn up to 8% cryptoback rewards on every card transaction.

Think of Wirex as a place to buy, sell, exchange and store crypto that also lets you sell crypto without the barriers that existed in the early days of Bitcoin.

Why We Love It: With its seamless conversion process, wide range of supported cryptocurrencies and worldwide acceptance, the Wirex debit card offers a convenient and cost-effective solution for cryptocurrency holders.

What Is a Crypto Debit Card?

A crypto debit card is a payment card that allows users to make purchases using Bitcoin, Ethereum and other altcoins. These cards work like traditional debit cards, but instead of drawing funds from a bank account, they convert the user’s cryptocurrency into fiat currency at the point of sale. This allows users to spend their cryptocurrencies at any merchant that accepts debit cards, both online and in-store. You shouldn’t have reservations about your plastic card being accepted by merchants since most of these debit cards are backed by Mastercard and Visa.

How Do Crypto Debit Cards Work?

Crypto debit cards differ from conventional cards in the way you spend your digital assets. First, you must top up your crypto debit card with a digital currency of your choice, often from the card provider’s wallet. Most providers will let you fund your card via their website or mobile app.

Once your card is loaded, you’re ready to hit the spending spree — whether in-store or online. Most crypto debit cards will reward you with zero transaction fees and generous spending limits per day. You can expect to use your debit card at points of sale that accept Visa or Mastercard.

Rather than buying a product or service in crypto, your card provider converts your digital currency into fiat currency that you’ll use to complete the transaction. Some crypto debit card providers will issue two card types: a virtual card for online purchases and a physical card for in-store purchases.

Why Should You Use Crypto Debit Cards?

Crypto debit cards are transforming the utilization of digital assets by effortlessly connecting cryptocurrencies with conventional financial systems.

Effortless Crypto-to-Fiat Conversion

Crypto debit cards facilitate immediate conversion of cryptocurrencies into fiat currency, making everyday transactions seamless. Experience swift access to your capital without the need for manual conversions.

Global Merchant Acceptance

These cards are recognized by millions of merchants around the world, simplifying both online and in-store shopping. From purchasing groceries to planning vacations, crypto debit cards offer the same level of convenience as traditional payment methods.

Exclusive Rewards and Incentives

Numerous crypto debit cards offer enticing rewards such as crypto cashback, reduced fees, and special discounts. By utilizing these cards, you can boost the value of your digital assets while reaping distinctive advantages.

Considerations Before Using Crypto Debit Cards

Crypto debit cards offer convenience that numerous users value; however, it’s essential to thoroughly assess several important factors before embarking on your journey with these cards.

Fees and Conversion Rates

Crypto debit cards frequently carry various fees, including transaction fees, monthly maintenance charges, and ATM withdrawal costs. Moreover, conversion rates can differ between providers, so it’s advisable to select one that offers clear and competitive terms to minimize unnecessary expenses.

Security and Regulatory Compliance

Choose a card supported by robust security features such as encryption and two-factor authentication. Additionally, verify that the provider adheres to your country’s regulations to protect your assets and prevent legal issues.

Tax Obligations

Transactions conducted using cryptocurrency may trigger taxable events. It’s important to maintain precise records of these transactions to accurately report any gains or losses to tax authorities, ensuring compliance with local regulations.

Are Crypto Debit Cards Safe to Use?

Certainly, yes. Crypto debit cards uphold some of the highest security standards. For starters, you’ll need to complete several know your customer (KYC) checks when applying for a crypto debit card. What follows is a raft of security measures including PIN login, 2-factor authentication, 256-bit encryption and fraud monitoring.

It is essential to choose a reputable and trustworthy provider that has a strong track record of protecting users’ funds and information. Like any financial tool, there are risks associated with crypto debit cards, so users should always conduct thorough research and exercise caution when using them.

There’s a Future in Crypto Debit Cards

Crypto debit cards could be the future of payments, especially if central bank digital currencies become a mainstay and are compatible with crypto debit cards. Some of the world’s largest crypto exchanges, including Coinbase and Binance, now offer Visa debit cards. Topping up your account is fairly easy since you’ll probably do it from your crypto wallet. Then you’ll have a fully functioning debit card that lets you convert your digital assets into fiat currency to pay for goods and services or withdraw funds.

But with hundreds of brands offering crypto debit cards, it’s important that you perform some due diligence, including understanding the regulations within each brand’s jurisdiction.

Frequently Asked Questions

The post Best Crypto Debit Cards in December 2024 by Ryan McNamara appeared first on Benzinga. Visit Benzinga to get more great content like this.

Want to start investing in Ethereum? You can buy ETH today on Coinbase.

Ethereum (ETH) has undoubtedly made a name for itself in the world of cryptocurrency, positioning itself as one of the most valuable digital assets available. As of July 2024, Ethereum has solidified its position as the second-largest cryptocurrency globally, boasting a market cap of over $395 billion. In the past year alone, Ethereum has seen a price increase of over 75%. This significant growth has sparked the interest of many investors looking to capitalize on the potential of Ethereum.

Understanding how Ethereum’s price and value are determined is crucial for investors looking to make informed decisions when buying and selling ETH. Unlike traditional assets like stocks or commodities, cryptocurrencies are decentralized and operate on a blockchain network. This means that factors influencing the price of Ethereum are unique to the world of digital assets.

Let’s explore the key factors that drive the price of Ethereum to better understand its market behavior.

Ethereum Overview

Ethereum is a decentralized blockchain network that supports smart contracts. Smart contracts execute agreements and holds escrow like traditional contracts. Unlike traditional contacts, you don’t need a third party, such as a court, to enforce the contract. Smart contracts are enforced by sets of code on Ethereum’s blockchain, commonly referred to as dApps.

Smart contracts are Ethereum’s main competitive advantage over Bitcoin. While Bitcoin is a great store of value, it doesn’t allow for complex financial transactions to be done on its blockchain. With smart contracts, you can loan or borrow money, insure property and even trade derivatives. All of these functions have already been made available on Ethereum, and many more protocols are being developed to extend the use case for smart contracts.

Technically, Ethereum is the blockchain network, and ether is Ethereum’s native token. ETH and Ethereum are commonly used interchangeably. Ethereum’s blockchain also allows for new tokens to be created which serve specific purposes. Here are some of the most common types of Ethereum tokens:

• ERC-20 tokens are the most common type of Ethereum token. These types of tokens are fungible tokens –– each coin is identical and holds the same value. To learn about ERC-20 tokens in more detail, check out the Ethereum Foundation’s website. Coins like Uniswap (UNI), Binance Coin (BNB) and Tether (USDT) are ERC-20 tokens.
• ERC-721 tokens are non fungible tokens (NFTs). These tokens all hold their own distinct value and have unique properties tied to each token. NFTs are most commonly used for in-game collectibles, such as video game skins or exclusive in-game items.
• ERC-223 tokens are fungible tokens that are very similar to ERC-20 tokens. While ERC-20 tokens can be lost in a failed transaction, ERC-223 behaves exactly like Ethereum transactions, so they cannot be lost. 
• ERC-404 tokens are an experimental type of token that gained popularity in 2024. It combines features of ERC-20 tokens, such as divisibility and fungibility, with features of ERC-721 tokens.

Different types of tokens on Ethereum’s blockchain allow for a variety of use cases. Ethereum smart contracts have the potential to tokenize land deeds, auto loans, financial derivatives and even voting rights. 

Brief History of Ethereum

Vitalik Buterin first conceptualized a smart contract-enabled blockchain in 2013. At the time, Buterin was only 18 years old, but he quickly gained the support of blockchain enthusiasts. Ethereum hosted its ICO (Initial Coin Offering) in 2014, and by 2015 it was trading on cryptocurrency exchanges for around $2.

Ethereum’s price first began to skyrocket in spring 2017. At the time, each ETH was trading for around $10, but by the summer of 2017, ETH reached triple digits. ERC-20 tokens were being created by developers daily, although few of these projects had long-term sustainability. Ethereum’s price topped out in January 2018, surpassing $1,400.

During the 2021 bull market, Ethereum’s price approached nearly $5,000, recording an all-time high (ATH) of $4,891.70, before retracing over the following years. In 2024, Ethereum still holds the spot as the 2nd largest cryptocurrency by market capitalization with a market cap of over $395 billion.

The cryptocurrency bear market (2022-2023) washed out many ERC-20 tokens that were developed during the bull market. Many of these projects were rushed to the market and under-delivered on their promises. 

During the bear market, however, more promising projects on Ethereum were developed. These new dApps (decentralized applications) mainly focus on Decentralized Finance (DeFi). This aims to replace traditional banking services with smart contracts on the blockchain. Decentralized lending, insurance and automated trading are all examples of promising new developments on Ethereum’s blockchain.

It comes as no surprise that DeFi tokens are trending up in tandem with Ethereum because it is the network that hosts the most prominent DeFi tokens.

How is Ethereum Value Determined?

Ethereum’s price is determined by market supply and demand for the cryptocurrency. Just like stocks, cryptocurrency markets have order books with buy and sell orders. An increase in demand for Ethereum will drive the price up and an increase in sell order supply will drive the price down. 

Unlike Bitcoin, ether has more intrinsic utility. This is because ETH is needed to transact on any decentralized application built on the Ethereum blockchain. As more transactions on Ethereum occur, the price of transaction fees increases, as transaction fees are based on supply and demand. 

Moreover, Ethereum’s economic model is arguably stronger than Bitcoin’s. While Bitcoin has a set, decreasing inflation with a max supply of 21 million, Ethereum’s supply is dynamic. Following Ethereum’s EIP-1559 upgrade, ether has been deflationary – getting scarcer as time goes on.

What Affects ETH Price?

Many factors affect the market supply and demand for Ethereum. As stated previously, the market supply and demand for Eth tokens is what solely determines the price of Ethereum. The most important factors that affect the supply and demand for Ethereum are outlined below.

Market Sentiment and Speculation

Investor and trader sentiment regarding Ethereum can impact its demand considerably. Positive factors like good news, technological progress, or support from well-known individuals can increase demand, whereas negative issues such as security incidents or regulatory worries can reduce it.

Utility and Adoption

Ethereum’s practical applications, like smart contracts and decentralized applications (dApps), are key to its demand. As more businesses and developers start using Ethereum for different projects, the demand for ETH grows. On the other hand, a drop in adoption could lower demand.

Supply Dynamics

The overall supply of Ethereum can influence its market price. Unlike Bitcoin, which has a maximum supply, Ethereum does not have a set limit and is moving to a proof-of-stake model (Ethereum 2.0) that changes the way new ETH is generated, potentially affecting inflation rates. Adjustments to the supply mechanics or issuance rate can impact market supply and demand.

Regulatory Changes

Government regulations and legal changes related to cryptocurrencies can significantly influence the supply and demand for Ethereum. Tighter regulations may slow down adoption and decrease demand, whereas supportive legislation can attract investment and increase demand.

Competition from Other Cryptocurrencies

The rise of other blockchain platforms and cryptocurrencies that provide similar or enhanced features may impact Ethereum’s market share. If these new platforms become popular, it could result in decreased demand for ETH as developers and users may choose better or more efficient options.

How High Can the Price of Ethereum Go?

Historically speaking, Ethereum’s price has been more volatile than Bitcoin’s. If you invest in Ethereum instead of Bitcoin, you’d be increasing your risk for more upside potential.

Some investors claim that Ethereum’s market cap will surpass Bitcoin’s valuation due to the wide range of use cases on Ethereum. Some analysts predict that Ethereum can reach $40,055.99 in the coming years.

In the 2017 bull run, Ethereum reached a price of about 0.1 Bitcoin per Eth token. Assuming we can reach this proportion again, Ethereum would be trading around $7,000 at the current price of Bitcoin.

However, it’s unlikely that Bitcoin has reached its top for this bull market. In years past, Bitcoin has increased about 10 to 20 times in value each bull run. Bitcoin would have to increase around 125% this bull run to reach $150,000. If this happens and Ethereum reaches its previous Bitcoin proportion, Ethereum would be trading for over $4,000 per token.

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Is Ethereum a Good Investment in 2024?

At the beginning of January this year, ETH was trading for around $2,100. As of writing, the price of ether climbed to over $3,000. Many investors believe we’re still in the early stages of this bull market, with price predictions for ETH ranging from $5,000 all the way up to over $160,000.

Decentralized finance has recently gained attention from investors with applications in liquid staking and multi-chain lending gaining significant traction. Because no singular entity can control decentralized platforms, they cannot be corrupted by institutions. Decentralized Finance applications like Pendle (PENDLE) and EigenLayer have accrued billions of dollars in deposits, showcasing the demand for Ethereum’s on-chain applications.

Ethereum Price Prediction

It’s hard to predict where the price of Ethereum is headed, but if history is any indicator Ethereum has much more room to grow. With new decentralized finance programs being built on Ethereum’s network, more ETH is demanded to pay transaction fees. This is why some investors see Ethereum as the economic bandwidth of the internet. ETH price forecasts from experts and analysts see the token could hit $42K by year 2030.

Bitcoin or Ethereum?

The biggest advantage Ethereum has over Bitcoin is its ability to host smart contracts on its blockchain. Bitcoin is great to use as a store of value, but its use-case in DeFi is limited. Also, some investors believe that Bitcoin has less growth potential than Ethereum. 

While Bitcoin already boasts a market capitalization over $1.3 trillion, Ethereum’s market cap sits at about a fifth of Bitcoin’s. This means less capital inflows are needed to push the price of ether upwards, making it easier for ETH to appreciate than Bitcoin, given the same demand.

Best Exchanges for Ethereum

To buy ETH you need to set up a cryptocurrency brokerage account. Coinbase is a great option for beginners since it’s easy to use and offers a mobile app. Gemini is another cryptocurrency exchange that offers a wide variety of crypto tokens, including Ethereum.

Alternatively, you can use a decentralized exchange if you already own cryptocurrencies. Decentralized exchanges offer a platform for you to exchange your cryptocurrencies for Ethereum or any other ERC-20 token.

Best For

Active Crypto Traders

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earn free crypto securely through Coinbase’s website

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Disclosure: Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.

Best For

Active Crypto Traders

N/A

1 Minute Review

Coinbase is one of the largest cryptocurrency exchanges by trading volume, serving customers in over 100 countries and supporting hundreds of crypto coins and tokens. The platform features a user-friendly interface with options like staking and earning, as well as a “learn and earn” feature where users watch educational videos and answer questions to earn crypto assets. Trading fees can be high on the basic platform, but users can access the advanced platform for free.

Best For

• Coinbase is best for beginners because of its user-friendly interface.
• The availability of over 30 products caters to the needs of traders of every mindset.

Pros

• Coinbase offers a learn and earn program.
• You can earn coins and tokens by watching tutorials and answering crypto-related questions. This platform lets you earn crypto just by spending your fiat via a debit card as you normally would when you use Coinbase’s Visa debit card.
• Offer a wide variety of altcoins.
• Ideal for new investors.

Cons

• Complicated fee structure
• Does not support margin trading (only 3x on Pro version)

Best For

New Investors

Overall Rating

Read Review

get started securely through Gemini Crypto’s website

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Best For

New Investors

N/A

1 Minute Review

Gemini Trust Company LLC is a cryptocurrency exchange that supports trading in over 70 assets. While its selection of cryptocurrencies is limited compared to some competitors, Gemini excels in account security and regulatory compliance. The platform offers additional features such as a cryptocurrency rewards credit card, a built-in hot wallet, and the ability to pay crypto at various retailers. These tools and services make Gemini a robust choice for both new and experienced traders seeking a secure trading environment.

Best For

• Beginner-friendly platform offering handsome educational resources.
• Strong security features, including staking options.

Pros

• Gemini operates as a fully regulated cryptocurrency exchange.
• It accepts clients from the U.S.
• The platform employs stringent cybersecurity measures to protect users’ funds.
• Gemini is well-capitalized and adheres to banking regulations.

Cons

• Gemini is available in 60 countries, including the United States, the United Kingdom, Canada, Australia, Hong Kong, Singapore and South Korea.
• It offers fewer crypto assets to trade, with just over 70 available.

Best For

Social Investing

Overall Rating

Read Review

Discover eToro securely through eToro’s website

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Disclosure: Take 2 mins to learn more at https://etoro.tw/44JRWLY. 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. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk

Best For

Social Investing

N/A

1 Minute Review

eToro crypto offers access to wide range of tokens, investment opportunities and educational tools for investors of all styles and levels of experience.

Best For

• Investors looking to CopyTrade other traders
• Simple user interface

Pros

• Several major cryptocurrencies and altcoins
• Expansive network of social trading features
• Large client base for new traders to imitate
• 100+ coins available

Cons

• PayPal and Credit Card are not available for UK and FCA users

Unlock the Potential of Ethereum

As with any financial asset, the price of ETH is determined by a variety of factors that influence supply and demand. As the cryptocurrency market continues to evolve, understanding the factors discussed above, investors can make more informed decisions when trading ETH and navigate the volatile crypto market effectively.

Frequently Asked Questions

The post What Determines the Price of ETH? by Ryan McNamara appeared first on Benzinga. Visit Benzinga to get more great content like this.

When it comes to purchasing a home, one of the most important steps you can take is selecting the right buyer’s agent. A buyer’s agent is your advocate in the real estate market, guiding you through every stage of the home-buying process and representing your best interests. With their local market knowledge, negotiation skills, and industry connections, a skilled buyer’s agent can make your journey smoother, help you avoid potential pitfalls, and increase your chances of finding the ideal property at the right price. However, choosing the right agent for your needs can be challenging, especially with so many options available.

This article will walk you through the essential factors to consider when selecting a buyer’s agent, ensuring you partner with someone who understands your goals and works tirelessly to achieve them.

What is a Buyer’s Agent?

You’ll find 2 types of agents in a real estate transaction: a buyer’s agent and a seller’s agent. The buyer’s agent represents you, the home buyer, while the seller’s agent, also known as the listing agent, represents the property seller. 

Some agents work solely as a buyer’s agent or a seller’s agent but most realtors work with clients on both sides of the transaction. 

Buyer’s agents have several key responsibilities: 

1. Buyer’s agents find homes that fit your needs and show you the properties you’re interested in. 
2. Agents use a database of property sales and real estate information called the multiple listing service (MLS) to search for homes that could be the right fit for you. However, in order for sellers to have a home inputted into the MLS, they need to have hired a licensed realtor.  
3. The buying agent is responsible for all the negotiations that precede the sale of the property. These negotiations start with submitting a purchase agreement, also known as your offer. This includes the price you’re willing to pay, how you’ll transfer your funds, closing dates and any items in the house you want to include in the sale. 
4. After your offer gets accepted by the seller, the buyer’s agent is responsible for negotiating the inspection and appraisal on your behalf. Inspection negotiations happen after a formal inspection is conducted on the property under contract. During negotiations, the buyer’s agent will either request broken items to be fixed or ask for a closing credit to account for the broken items. Although buyers don’t typically get concessions for everything wrong with the home, concessions are typically given for substantial problems with the property, such as roofing, electrical or HVAC problems. 
5. If the buyer and seller cannot come to an agreement after the inspection, then they will sign a mutual release, which voids the purchase agreement.
6. You’ll undergo appraisal negotiations between the buyer and seller before you close on the property. Most lenders will only lend a percentage of the appraised value, so borrowers rely on the appraisal being at or above the purchase price. If the property doesn’t appraise for the purchase price, it’s the realtor’s job to negotiate a new purchase price that both parties can agree on. 

How to Find a the Best Agent for Your Situation

Find a local agent to help you purchase your next home. Online referrals are great, but make sure to vet the agent by asking for an interview. You can also find a realtor through referrals from friends or family. If they’ve had good experiences with a certain agent, it’s likely you’ll have a similar experience. 

A less traditional approach to finding a buyer’s agent is to use the seller’s agent on a property you are interested in. The biggest benefit in doing this is that the listing agent may be able to cut the commission to get you a cheaper price for the home. This is because the listing agent would be paid a total of 6% commission –– 3% on the buyer side and another 3% on the seller side, so they have more “room” to negotiate their commission. 

However, some agents won’t cut their commission to make a deal happen, and a conflict of interest sometimes arises if the agent represents both the buyer and seller in the transaction.

Should You Consider the Commission to be Paid?

You shouldn’t consider the buying agent’s commission when starting your home search. As mentioned, the seller is responsible for paying the buyer’s agent, and this commission is almost always a standard 3%. 

What to Look for in Your Agent

Look for an experienced buyer’s agent who has a good reputation in your area. Find out not only the number of homes an agent has had under contract, but how many of these properties actually closed. This is important because agents who have high closing rates generally negotiate the terms of the purchase agreement more successfully and close deals more often. 

Look for local agents who sell in neighborhoods you want to buy because they offer the most knowledge on the specific properties in your area. 

Help for Real Estate Buyers

Once you’ve picked 2 to 4 agents who you think would do a good job assisting you with your home search, it’s time to conduct interviews. Conducting interviews with real estate agents is not common practice but generally accepted. Interviewing prospective agents gives you an idea of how the realtor approaches your home search and gives the realtor an idea of what you’re looking for. Your realtor can then guide you toward neighborhoods that fit your needs and budget.

The post How to Choose a Buyer’s Agent by Ryan McNamara appeared first on Benzinga. Visit Benzinga to get more great content like this.

Want to jump straight to the answer? You can buy NEO on eToro!

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Neo is a direct competitor to Ethereum for creating financial products on a blockchain. It is often referred to as the “Chinese Ethereum” due to the Neo Foundation’s base in China. Neo offers cheaper transaction costs compared to Ethereum. The platform also has a fund to support ongoing development. As a result, Neo presents an appealing investment opportunity for those who believe another cryptocurrency may eventually surpass Ethereum as the primary platform for decentralized applications (dApps).

Discover the world of NEO with our beginner-friendly guide! Learn how to buy NEO and make informed investment decisions in the cryptocurrency market.

How to Buy Neo (NEO)

Ready to invest in NEO? Follow this step-by-step guide on how to buy NEO safely and effectively.

1. Open an Online Account

In order to purchase NEO tokens, you’ll need to make an account with a crypto trading platform that supports the trading of the asset. Unfortunately, some major crypto exchanges like Coinbase don’t support the trading of NEO, but you can watch the price movements of the token on the Coinbase app. The most popular cryptocurrency exchanges that support NEO are eToro and Binance.

To create an account, you’ll need to provide the website or mobile app with information about yourself. The information you provide is for tax purposes, and it’s very similar to making an account with a stock brokerage. Some information you’ll need to is your Social Security number, address, email address and birthday. You need to verify your account by submitting identification documents to comply with the Know Your Customer (KYC) regulations.

2. Fund Your Account

Now that your account is ready for trading, you’ll need to fund it by depositing fiat money or a supported cryptocurrency. Most trading platforms offer a variety of payment methods to facilitate this process, including transferring funds from your bank account, credit card, debit card and cryptocurrency deposits from external exchanges or crypto wallets.

To get started, choose your preferred payment method and carefully follow the platform’s instructions for depositing funds. Make sure to enter the desired deposit amount and check for any applicable transaction fees before confirming the transaction, as these fees can vary based on the chosen payment method and platform policies.

3. Purchase Neo (NEO)

With a funded account, you can now start buying crypto. Go to the trade section of your selected platform. Search for NEO and select the option to buy. Enter the amount you wish to purchase. Review the transaction details carefully before executing the order. Once confirmed, NEO will be added to your portfolio. A confirmation email will be sent to you.

In a similar way to stocks, you can buy NEO as a limit order or a market order. Market orders purchase your NEO tokens at the market price which is determined by the highest bid and lowest ask in an exchange’s order book. Alternatively, you can buy your NEO using a limit order. Limit orders purchase NEO at a specified price you set when placing your order. If the market price dips to the price you’ve specified, the order will automatically purchase NEO at that price. 

What Is Neo?

Neo is a blockchain network that competes with Ethereum to provide a platform to build financial infrastructure on. Unlike Bitcoin, cryptocurrencies like Ethereum and Neo let developers build financial products directly on the blockchain. This eliminates the need for a centralized third party, making a financial ecosystem that is both trustless and permissionless. 

A trustless system means that there is no need to trust a third party to operate on your behalf. For example, you need to rely on a cryptocurrency exchange to hold your assets securely and continue supporting the cryptocurrency tokens you’re invested in. Instead of a third party controlling your assets, you control your funds with your crypto wallet and transact using code on Neo’s blockchain. This code is referred to as smart contracts, as they’re capable of handling assets on the blockchain. 

Neo’s network provides a permissionless financial system for anyone who can access the platform’s smart contracts. Unlike an exchange or bank, you can use a smart contract without having to gain “permission” by making an account or submitting paperwork. 

Brief History of Neo

NEO was initially released as Antshares back in 2014. The blockchain company is based out of China and is believed to be the first public blockchain to be developed in the country. In 2017, Antshares rebranded to Neo and quickly appreciated from sub $1 prices to almost $200 at its peak.

Da Hongfei and Erik Zhang are the co-founders of Neo. They operate the Neo Foundation, which is used to facilitate upgrades to Neo and aid in the adoption of Neo’s network. Currently, NEO is trading for around $9.28 and has a market capitalization of about $654 million, placing it at 88th spot in the top cryptocurrencies based on market cap.

The second token on Neo’s network is NeoGAS. NeoGAS is similar to Ethereum’s gas, but it’s not directly linked to the NEO token. NeoGAS is used to purchase computational power for transactions and smart contracts, “fueling” the network.

Where to Buy Neo (NEO)

Here are some platforms to consider for your NEO crypto investment. These platforms offer various features to help you get started. Make sure to evaluate each option based on your investment goals and preferences. Consider factors such as fees, user interface, and support services when making your choice.

Best For

Social Investing

Overall Rating

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Discover eToro securely through eToro’s website

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Disclosure: Take 2 mins to learn more at https://etoro.tw/44JRWLY. 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. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk

Best For

Social Investing

N/A

1 Minute Review

eToro crypto offers access to wide range of tokens, investment opportunities and educational tools for investors of all styles and levels of experience.

Best For

• Investors looking to CopyTrade other traders
• Simple user interface

Pros

• Several major cryptocurrencies and altcoins
• Expansive network of social trading features
• Large client base for new traders to imitate
• 100+ coins available

Cons

• PayPal and Credit Card are not available for UK and FCA users

Best For

Altcoin Trading

Overall Rating

get started securely through Binance’s website

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Best For

Altcoin Trading

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1 Minute Review

Binance is the largest cryptocurrency exchange in the world by trading volume. In fact, it tops the ranks of cryptocurrency exchanges maintained by CoinMarketCap, which are ranked based on 24-hour trading volumes, exchange score and average liquidity. Binance triumphs over exchanges like Huobi Global and Coinbase, which follow closely in 2nd and 3rd places, respectively. 

Previously based in Malta, the Binance Group is now based in the Cayman Islands. Binance has several locations and entities registered across the globe. In the United States, it’s known as Binance.US. The exchange in the U.S. uses the same cutting-edge technology and trading services as its global counterparts with the difference being U.S. regulatory compliance. It is operated by San Francisco-based BAM Trading Services.

Binance.US ranks 9th on CoinMarketCap’s list of the top 10 exchanges based on metrics like 24-hour trading volume, exchange score and average liquidity. Binance could be a good platform for you to invest in cryptocurrencies if you are a U.S.-based trader who trades frequently, doesn’t intend to pay high trading fees and needs access to a large number of cryptocurrencies. 

Best For

• US Citizens
• Frequent day traders
• Users interested in Binance Smart Chain (BSC) and Binance Coin (BNB)

Pros

• Low trading fees
• Easy-to-use platform
• Wide selection of altcoins — it offers 51 cryptocurrencies apart from Bitcoin (BTC)
• Good customer service
• High liquidity because of large trading volumes

Cons

• Only residents of 43 states in the U.S. can trade on Binance.US. You cannot trade on this platform in New York, Connecticut, Hawaii, Texas, Vermont, Idaho and Louisiana
• Despite the wide selection of altcoins, the number of tokens offered on the U.S. platform is not comparable to the hundreds of choices available on the Binance global platform
• There is no option for telephonic customer support

Best For

Sign Up Bonuses

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get started securely through crypto.com’s website

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Best For

Sign Up Bonuses

N/A

1 Minute Review

Crypto.com strives to make cryptocurrency a part of everyday life by offering a full suite of services for crypto users. The company offers a Crypto.com App, Exchange, Visa Card, DeFi swap, DeFi Wallet, DeFi Earn, Crypto.com Price, staking, crypto lending, and many other services. What really sets them apart, however, is the combination of super low fees and incredibly generous rewards programs for their users.

Best For

• Traders who want access to a secure, low-cost cryptocurrency exchange
• Passive investors who want to earn interest on their balance without frequent trading
• Mobile investors who prefer to handle all their crypto needs via their phone or tablet

Pros

• Low fees
• High security
• One-stop shop for all your crypto needs (wallet, trading, spending, and more)
• Lots of ways to earn interest, rewards, and rebates

Cons

• Low privacy
• Customer service response time could be improved

Best For

A Fast Trading Experience

Overall Rating

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get started securely through Uphold’s website

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Disclosure: Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

Best For

A Fast Trading Experience

N/A

1 Minute Review

Uphold is a unique broker that makes it easier than ever for you to trade on the crypto market, with quite a lot of information and access to cryptocurrencies that will help diversify your portfolio.

Uniquely, Uphold just released the option for a Trailing Stop Order. Unlike a Stop Order, which only protects you from losses based on purchase price, a Trailing Stop Order readjusts to the highest price after you buy. Therefore, you will follow the market up while the “going’s good” and get out if the price starts falling further than you’d like.

Also, ATOM is now a Tier 3 token, meaning that you can make deposits and withdrawals to and from the Cosmos Network.

Best For

Pros

Cons

How to Store NEO Coins Safely

If you don’t plan on actively trading your cryptocurrency, you should store your crypto assets on a dedicated crypto wallet. Storing your funds on a cryptocurrency exchange puts your digital assets at risk of being stolen, as hackers may be able to breach the exchange’s security. The two main types of cryptocurrency wallets are hardware and software wallets.

Software wallets are programs for storing funds on devices and offer more security than exchanges. Hardware wallets, which are physical devices that store crypto offline, provide the highest level of security for NEO tokens. Check out a few of our recommended wallets for Neo.

• Best hardware wallet: Ledger

Best For

ERC-20 tokens

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buy now securely through Ledger Hardware Wallet’s website

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Best For

ERC-20 tokens

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1 Minute Review

Launched in 2014, Ledger has transformed into a fast-paced, growing company developing infrastructure and security solutions for cryptocurrencies as well as blockchain applications for companies and individuals. Born in Paris, the company has since expanded to more than 130 employees in France and San Francisco.

With 1,500,000 Ledger wallets already sold in 165 countries, the company aims at securing the new disruptive class of crypto assets. Ledger has developed a distinctive operating system called BOLOS, which it integrates to a secure chip for its line of wallets. So far, Ledger takes pride in being the only market player to provide this technology.

Best For

• ERC-20 tokens
• All experience levels

Pros

• Easy to set up and use
• Supports more than 1,500 different digital assets
• Tamper proof
• Portable
• Long-lasting battery
• Bluetooth connectivity features

Cons

• Can be quite pricey

Ledger is an affordable hardware wallet that supports a variety of altcoins. Its Ledger Live platform allows you to download applications for lesser-known crypto assets. Ledger offers two models of cryptocurrency wallets: the Nano S, which is the basic model focusing on security and simplicity, and the Nano X, which includes Bluetooth and a larger screen at a higher price. Both models support major cryptocurrencies such as Bitcoin, Ripple, Ethereum and ERC-20 tokens.

• Best software wallet: Binance Wallet

Binance Wallet is an exchange wallet that holds your crypto assets off the cryptocurrency exchange. If you choose to use Binance to buy and sell NEO, it’s a great option to store your cryptocurrency since it’s so convenient. Also, Binance is one of the few wallets that lets you earn NEOgas, which is deposited to your wallet on the second day of each month.

Trade, Sell or Convert Your NEO

If you plan on day trading your NEO, then you’ll need to keep your crypto on an exchange. You can’t trade cryptocurrencies from most crypto wallets, but some high-tech wallets let you exchange crypto using smart contracts. If you’re holding your NEO in a crypto wallet, you’ll need to send it back to an exchange in order to sell it. To transfer your NEO tokens from your crypto wallet, just enter your exchange’s NEO address in your crypto wallet and send it on its way.

Current Crypto Prices

To get an idea of how cryptocurrency prices are moving, check out some of the major cryptocurrency prices below.

Is Neo a Good Investment?

If you don’t think Ethereum will be able to scale in a timely manner, then Neo may be a good investment for you. Right now, Ethereum’s market capitalization is over 400 times more than NEO’s, and most blockchain developers use Ethereum to build smart contracts. Network effects are an important part of the blockchain industry, and it will be hard for any smart contract-enabled blockchain to replace Ethereum as a decentralized financial service provider.

The post How to Buy Neo (NEO) by Ryan McNamara appeared first on Benzinga. Visit Benzinga to get more great content like this.

Want to jump straight to the answer? You can buy Worldcoin (WLD) on Binance.

Worldcoin is among the most hyped cryptocurrency launches in 2023. It aims to create a global identity and financial network by verifying users’ humanity through unique biometric data. This innovative approach involves scanning users’ irises to confirm their identity, which raises intriguing implications for both privacy and accessibility in the crypto space.

Interested in investing in Worldcoin? Let’s dive into what Worldcoin is and how to buy WLD on top exchanges today. 

How to Buy Worldcoin (WLD)

With large amounts of trading volume and a credible team, Worldcoin is already available on numerous cryptocurrency exchanges. You can buy Worldcoin using a decentralized exchange (DEX) like Uniswap or on centralized exchanges like Binance, Crypto.com and Bybit.

1. Open an Online Account

If you don’t already have a crypto exchange account that offers support for Worldcoin, you’ll need to make a new account. Signing up for these trading platforms requires know your customer (KYC) verification. This means you’ll need to verify your identity (without scanning your retina) before you can begin trading crypto.

2. Fund Your Account

After your account is opened, you can easily transfer funds and make deposits using various payment methods offered by many trading platforms. These methods typically include credit and debit cards, wire transfers and cryptocurrency deposits sourced from other exchanges and wallets.

To initiate a deposit, simply choose your preferred payment method, follow the instructions provided by the platform, enter the amount you wish to deposit, and review any applicable transaction fees before confirming your transaction.

3. Make Your Purchase

Once your cryptocurrency exchange account is funded, you’re ready to make your purchase. Search for Worldcoin or its ticker, WLD, and select the trading pair you’d like to trade on. Typically, this will be either BTC or stablecoins, meaning you’ll need to hold one of these assets in your account to purchase WLD. 

Once funded, set a limit or market order to buy your Worldcoin. Once executed, the assets will appear in your account balance. Then, it’s recommended to transfer your tokens to a crypto wallet to have full control over your funds.

Alternatively, you can send ETH from an existing exchange to a wallet. Once in your cryptocurrency wallet, you can connect to Uniswap and trade ETH for WLD tokens. 

What Is Worldcoin?

Worldcoin is a proof-of-humanity protocol that uses the Optimism Stack to secure its network. It can be difficult to tell who or what owns which crypto wallets — a bot or an individual who controls multiple wallets. Worldcoin seeks to solve this problem by assigning one ID, dubbed World ID, to each user. Worldcoin verifies users’ identities by scanning their retinas and issuing them a World ID.

That’s right, users can’t get a World ID without first scanning their retinas. People are incentivized to do so for WLD tokens, which they receive for “simply being human.” A specific device, called an Orb, is required to scan your retina, so you’ll need to find one near you to participate. In the meantime, you can download the World App and reserve your share of tokens ahead of your scan.

Worldcoin acknowledges the potential use cases for Worldcoin to discredit AI-generated content, power universal basic income (UBI), and enable global democratic processes. 

Brief History of Worldcoin

Worldcoin was co-founded in 2020 by Sam Altman. Altman serves as the CEO of OpenAI, the company that created ChatGPT. Altman also served as president of Y Combinator, an early-stage venture incubator that has helped grow Coinbase, DoorDash, DropBox and dozens of other large tech companies. 

Worldcoin officially launched its token on July 24, 2023. After much anticipation, Worldcoin began trading at a $23 billion market capitalization, making it valued similarly to OpenAI. As of Sept. 10, 2024, WLD is trading for around $1.47 with a market capitalization of over $629, ranking it within the top 100 coins by market cap.

Where to Buy Worldcoin (WLD)

Best For

Altcoin Trading

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get started securely through Binance’s website

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Best For

Altcoin Trading

N/A

1 Minute Review

Binance is the largest cryptocurrency exchange in the world by trading volume. In fact, it tops the ranks of cryptocurrency exchanges maintained by CoinMarketCap, which are ranked based on 24-hour trading volumes, exchange score and average liquidity. Binance triumphs over exchanges like Huobi Global and Coinbase, which follow closely in 2nd and 3rd places, respectively. 

Previously based in Malta, the Binance Group is now based in the Cayman Islands. Binance has several locations and entities registered across the globe. In the United States, it’s known as Binance.US. The exchange in the U.S. uses the same cutting-edge technology and trading services as its global counterparts with the difference being U.S. regulatory compliance. It is operated by San Francisco-based BAM Trading Services.

Binance.US ranks 9th on CoinMarketCap’s list of the top 10 exchanges based on metrics like 24-hour trading volume, exchange score and average liquidity. Binance could be a good platform for you to invest in cryptocurrencies if you are a U.S.-based trader who trades frequently, doesn’t intend to pay high trading fees and needs access to a large number of cryptocurrencies. 

Best For

• US Citizens
• Frequent day traders
• Users interested in Binance Smart Chain (BSC) and Binance Coin (BNB)

Pros

• Low trading fees
• Easy-to-use platform
• Wide selection of altcoins — it offers 51 cryptocurrencies apart from Bitcoin (BTC)
• Good customer service
• High liquidity because of large trading volumes

Cons

• Only residents of 43 states in the U.S. can trade on Binance.US. You cannot trade on this platform in New York, Connecticut, Hawaii, Texas, Vermont, Idaho and Louisiana
• Despite the wide selection of altcoins, the number of tokens offered on the U.S. platform is not comparable to the hundreds of choices available on the Binance global platform
• There is no option for telephonic customer support

Best For

Sign Up Bonuses

Overall Rating

Read Review

get started securely through crypto.com’s website

More Details

Best For

Sign Up Bonuses

N/A

1 Minute Review

Crypto.com strives to make cryptocurrency a part of everyday life by offering a full suite of services for crypto users. The company offers a Crypto.com App, Exchange, Visa Card, DeFi swap, DeFi Wallet, DeFi Earn, Crypto.com Price, staking, crypto lending, and many other services. What really sets them apart, however, is the combination of super low fees and incredibly generous rewards programs for their users.

Best For

• Traders who want access to a secure, low-cost cryptocurrency exchange
• Passive investors who want to earn interest on their balance without frequent trading
• Mobile investors who prefer to handle all their crypto needs via their phone or tablet

Pros

• Low fees
• High security
• One-stop shop for all your crypto needs (wallet, trading, spending, and more)
• Lots of ways to earn interest, rewards, and rebates

Cons

• Low privacy
• Customer service response time could be improved

Best For

API Trading

Overall Rating

get started securely through ByBit’s website

More Details

Best For

API Trading

N/A

1 Minute Review

Founded in 2018, Bybit is a Singapore-based cryptocurrency exchange offering derivatives in 17 different trading pairs. Available to clients around the world, Bybit has over 2 million users trading traditional futures contracts and perpetual contracts with no expiration. Spot trading is available on the platform, which features a compatible mobile app for download on both iOS and Android devices. Bybit has reliable customer service, sophisticated trading tools, and a wealth of knowledge in its education libraries. However, US residents are shut out from its services.

Best For

• Cryptocurrency traders of all levels
• Affordable trading fees
• API trading
• Multiple order types

Pros

• Fast server with no downtime
• Accessible customer support
• Can make deposits with more than 50 different currencies
• Intuitive platform with mobile functionality

Cons

• Not available to residents of the US, Quebec, Singapore, or China
• Spot trading only available to whitelist clients

How to Store Your Worldcoin (WLD) Safely

While using a wallet is only required if you plan on buying Worldcoin via a DEX, it’s recommended that you use a hardware wallet to store your crypto assets. Unlike holding your tokens on an exchange, using a cryptocurrency wallet allows you to hold custody over your funds, and it reduces the risk of your funds being stolen. 

• Best hardware wallet: Ledger Nano S

Best For

ERC-20 tokens

Overall Rating

buy now securely through Ledger Hardware Wallet’s website

More Details

Best For

ERC-20 tokens

N/A

1 Minute Review

Launched in 2014, Ledger has transformed into a fast-paced, growing company developing infrastructure and security solutions for cryptocurrencies as well as blockchain applications for companies and individuals. Born in Paris, the company has since expanded to more than 130 employees in France and San Francisco.

With 1,500,000 Ledger wallets already sold in 165 countries, the company aims at securing the new disruptive class of crypto assets. Ledger has developed a distinctive operating system called BOLOS, which it integrates to a secure chip for its line of wallets. So far, Ledger takes pride in being the only market player to provide this technology.

Best For

• ERC-20 tokens
• All experience levels

Pros

• Easy to set up and use
• Supports more than 1,500 different digital assets
• Tamper proof
• Portable
• Long-lasting battery
• Bluetooth connectivity features

Cons

• Can be quite pricey

Ledger stands out as the best hardware wallet for several reasons. It’s one of the longest-lasting wallet manufacturers, selling millions of units since its inception in 2014. Ledger hardware wallets support thousands of tokens, so you won’t need to have separate wallets for different types of digital assets. 

• Best software wallet: Coinbase Wallet

Best For

Active Crypto Traders

Overall Rating

Read Review

earn free crypto securely through Coinbase’s website

More Details

Disclosure: Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.

Best For

Active Crypto Traders

N/A

1 Minute Review

Coinbase is one of the largest cryptocurrency exchanges by trading volume, serving customers in over 100 countries and supporting hundreds of crypto coins and tokens. The platform features a user-friendly interface with options like staking and earning, as well as a “learn and earn” feature where users watch educational videos and answer questions to earn crypto assets. Trading fees can be high on the basic platform, but users can access the advanced platform for free.

Best For

• Coinbase is best for beginners because of its user-friendly interface.
• The availability of over 30 products caters to the needs of traders of every mindset.

Pros

• Coinbase offers a learn and earn program.
• You can earn coins and tokens by watching tutorials and answering crypto-related questions. This platform lets you earn crypto just by spending your fiat via a debit card as you normally would when you use Coinbase’s Visa debit card.
• Offer a wide variety of altcoins.
• Ideal for new investors.

Cons

• Complicated fee structure
• Does not support margin trading (only 3x on Pro version)

If you’re not ready to shell out cash for a hardware wallet, software wallets are good alternatives. Software wallets are free applications that allow users to self-custody their assets, such as MetaMask and Coinbase Wallet. Coinbase wallet stands out for its decentralized finance (DeFi) integrations and support for layer 2s, allowing you to interact with DeFi without needing to pay high gas fees. 

Trade, Sell or Convert Your Worldcoin

When you’re ready to sell or convert your WLD tokens, you can do so using the same exchange you used to make your purchase. If you seek to convert your WLD using a centralized exchange, you may need to transfer your tokens back to the exchange from your wallet. Once funded, you can choose to sell your Worldcoin for stablecoins or Bitcoin on most crypto exchanges. 

Current Crypto Prices

Monitoring cryptocurrency prices is essential for making informed investment decisions. Gain insights into the price movements of leading cryptocurrencies today, including Bitcoin, Ethereum, Solana and Dogecoin.

Is Worldcoin a Good Investment?

The fully-diluted valuation of Worldcoin is tens of billions of dollars, but it’s hard to justify this value based on fundamentals. It’s difficult to predict how the market price of WLD will react to its token distribution, as everyone who scans their retinas will receive tokens in return. While the protocol would be invaluable if it achieves its goals, it’s important to consider what Worldcoin must overcome to bring its ambitions to life.

Frequently Asked Questions

The post How to Buy Worldcoin (WLD) by Ryan McNamara appeared first on Benzinga. Visit Benzinga to get more great content like this.

To buy PENDLE, create an account on an exchange like Coinbase to purchase ETH, then swap your ETH for PENDLE via Uniswap.

Pendle

$1.38

Buy Pendle

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Our team is diligently working to keep up with trends in the crypto markets. Keep up to date on the latest news and up-and-coming coins.

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Pendle is an emerging protocol in the liquid staking finance sector. It has gained traction due to its innovative approach to liquid staking yield. Following Ethereum’s Shapella upgrade, liquid staking on Ethereum experienced significant user growth. The Shapella upgrade, which occurred earlier this year, increased the liquidity of staked ETH deposits. In 2023, many protocols in the liquid staking sector have outperformed the broader market. Pendle (PENDLE) distinguishes itself in the liquid staking token finance (LSTfi) space, with notable increases in both its token price and total value locked (TVL) this year.

Want to enter the world of Pendle crypto? This step-by-step guide will teach you how to buy PENDLE quickly and easily, ensuring you make informed decisions.

How to Buy Pendle in 3 Steps

Here’s a step-by-step guide on how you can buy PENDLE crypto today.

1. Create a Crypto Exchange Account

If you don’t already have a cryptocurrency exchange account, you’ll need to make one using an email address, regardless of whether you purchase Pendle on a centralized exchange or decentralized exchange (DEX). The signup process involves inputting Know Your Consumer (KYC) information such as your date of birth, driver’s license photo and home address. The verification process usually requires a few days to complete. Once verified and an account is created, it is important to securely store your login information.

2. Set Up a Wallet (Optional)

The safest way to store cryptocurrency is in a self-custody wallet, out of the hands of any malicious third parties that could potentially misuse your digital assets. You will need a cryptocurrency wallet if you use a DEX to trade Pendle. Connect your wallet to the platform to swap crypto assets.

Binance is a great option if you want to purchase Pendle directly from a centralized exchange, but you can also use Coinbase or Robinhood to purchase ETH and send it to an Ethereum wallet. Once in your crypto wallet, you’ll be able to easily swap your ETH for PENDLE via Uniswap. 

3. Purchase PENDLE

If you’ve made an account on Binance, then purchasing PENDLE is the same as purchasing any other cryptocurrency on the exchange. Binance supports USDT and BTC trading pairs, so you’ll need to first fund your account with one of those assets before trading PENDLE. 

If you own ETH on a cryptocurrency exchange that doesn’t currently support PENDLE, then you’ll need to send your ether to an Ethereum wallet to swap for PENDLE. Send the funds by using your public Ethereum address, and your ETH will appear in your wallet shortly after you approve the send and pay gas fees. After the ETH lands in your wallet, visit Uniswap or Balancer, approve the tokens to be spent, then approve the transaction to be processed.

Once approved, you may need to manually add PENDLE to your Ethereum wallet, using the token’s contract address: 0x808507121B80c02388fAd14726482e061B8da827.

What Is Pendle?

Pendle is a decentralized finance (DeFi) protocol that allows users to tokenize and trade their yield-generating assets, such as cryptocurrencies that earn interest or rewards. By separating the ownership of the underlying asset from its future yield, Pendle creates a new financial primitive called “yield tokens.” These tokens enable users to unlock liquidity from their assets, allowing them to trade or use them while still holding onto the original asset.

Pendle aims to enhance the efficiency of capital allocation in the DeFi ecosystem, empowering users to better manage and optimize their returns on investments. With its innovative approach, Pendle attracts both investors and users looking to capitalize on the burgeoning DeFi landscape.

Brief History of PENDLE

TN Lee founded Pendle in 2021, and the PENDLE token launched in May of that year. It initially found a price floor of around $0.05 and traded between $0.04 and $0.07 for most of 2022. In July 2023, the token saw a significant increase in value, reaching $0.81. The token has continued to rise, reaching its all-time high price of $7.52 on Apr. 11, 2024. It has experienced price fluctuations since then. As of Sept. 10, 2024, PENDLE is trading for around $3.10 with a market capitalization of over $490 million, ranking it within the top 150 coins by market cap.

Where Can I Buy Pendle Crypto?

As a relatively new token, Pendle isn’t listed on many cryptocurrency exchanges. However, it is available on Binance, making it accessible to many users across the globe. If you’re comfortable using DeFi, Uniswap and Balancer are solid options.

Here are some of the most popular and reputable exchanges to begin trading PENDLE.

Best For

Active Crypto Traders

Overall Rating

Read Review

earn free crypto securely through Coinbase’s website

More Details

Disclosure: Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.

Best For

Active Crypto Traders

N/A

1 Minute Review

Coinbase is one of the largest cryptocurrency exchanges by trading volume, serving customers in over 100 countries and supporting hundreds of crypto coins and tokens. The platform features a user-friendly interface with options like staking and earning, as well as a “learn and earn” feature where users watch educational videos and answer questions to earn crypto assets. Trading fees can be high on the basic platform, but users can access the advanced platform for free.

Best For

• Coinbase is best for beginners because of its user-friendly interface.
• The availability of over 30 products caters to the needs of traders of every mindset.

Pros

• Coinbase offers a learn and earn program.
• You can earn coins and tokens by watching tutorials and answering crypto-related questions. This platform lets you earn crypto just by spending your fiat via a debit card as you normally would when you use Coinbase’s Visa debit card.
• Offer a wide variety of altcoins.
• Ideal for new investors.

Cons

• Complicated fee structure
• Does not support margin trading (only 3x on Pro version)

Best For

Social Investing

Overall Rating

Read Review

Discover eToro securely through eToro’s website

More Details

Disclosure: Take 2 mins to learn more at https://etoro.tw/44JRWLY. 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. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk

Best For

Social Investing

N/A

1 Minute Review

eToro crypto offers access to wide range of tokens, investment opportunities and educational tools for investors of all styles and levels of experience.

Best For

• Investors looking to CopyTrade other traders
• Simple user interface

Pros

• Several major cryptocurrencies and altcoins
• Expansive network of social trading features
• Large client base for new traders to imitate
• 100+ coins available

Cons

• PayPal and Credit Card are not available for UK and FCA users

Best For

A Fast Trading Experience

Overall Rating

Read Review

get started securely through Uphold’s website

More Details

Disclosure: Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

Best For

A Fast Trading Experience

N/A

1 Minute Review

Uphold is a unique broker that makes it easier than ever for you to trade on the crypto market, with quite a lot of information and access to cryptocurrencies that will help diversify your portfolio.

Uniquely, Uphold just released the option for a Trailing Stop Order. Unlike a Stop Order, which only protects you from losses based on purchase price, a Trailing Stop Order readjusts to the highest price after you buy. Therefore, you will follow the market up while the “going’s good” and get out if the price starts falling further than you’d like.

Also, ATOM is now a Tier 3 token, meaning that you can make deposits and withdrawals to and from the Cosmos Network.

Best For

Pros

Cons

How to Store PENDLE Safely

There are two main types of cryptocurrency wallets: hardware wallets and software wallets. Each type has its own pros and cons, but both are designed to maximize control and security over your digital assets. Hardware wallets are offline devices that store cryptocurrency securely, while software wallets are online applications that are more convenient but more vulnerable to hacking.

• Best hardware wallet: Ledger has sold millions of devices globally, and it has been securing investors’ digital assets since 2014. It’s by far the most popular hardware wallet, and it offers tons of great features to keep your assets safe.

Best For

ERC-20 tokens

Overall Rating

buy now securely through Ledger Hardware Wallet’s website

More Details

Best For

ERC-20 tokens

N/A

1 Minute Review

Launched in 2014, Ledger has transformed into a fast-paced, growing company developing infrastructure and security solutions for cryptocurrencies as well as blockchain applications for companies and individuals. Born in Paris, the company has since expanded to more than 130 employees in France and San Francisco.

With 1,500,000 Ledger wallets already sold in 165 countries, the company aims at securing the new disruptive class of crypto assets. Ledger has developed a distinctive operating system called BOLOS, which it integrates to a secure chip for its line of wallets. So far, Ledger takes pride in being the only market player to provide this technology.

Best For

• ERC-20 tokens
• All experience levels

Pros

• Easy to set up and use
• Supports more than 1,500 different digital assets
• Tamper proof
• Portable
• Long-lasting battery
• Bluetooth connectivity features

Cons

• Can be quite pricey

• Best software wallet: Coinbase Wallet offers a user-friendly way to store crypto in your own custody. Coinbase Wallet is a separate app from Coinbase, which is a third-party custodian that holds cryptocurrencies on behalf of users. The digital wallet allows for seamless integrations with DeFi and non-fungible tokens (NFTs), allowing you to manage all your digital assets from one place. 

Trade, Sell or Convert Your PENDLE

When you’re ready to trade or sell your PENDLE, you can do so on the same cryptocurrency exchange you acquired the tokens. Swapping on a DEX requires gas fees, varying based on how many people are using Ethereum’s network. However, centralized exchanges typically charge higher fees, so it may be more cost-effective to convert your PENDLE on a DEX if you’re trading large amounts of tokens. 

Is Pendle a Good Investment?

As with any cryptocurrency investment, the risk of investing in Pendle is high. Regulatory, smart contract and custody risks should be considered before investing, and it’s highly recommended to do your own research before making any investment decisions. Pendle has offered outsized returns to investors in in the past year alone, and the liquid staking landscape is quickly growing to be the hottest sector of crypto.

Frequently Asked Questions

The post How to Buy Pendle (PENDLE) by Ryan McNamara appeared first on Benzinga. Visit Benzinga to get more great content like this.