In 2022, there will be more than 15,000 cryptocurrencies available on various crypto platforms globally. This surge can be attributed to the advancement of technology and the awareness of the possibilities of cryptocurrencies and their future predictions. Hence the need to know the best cryptocurrencies to look out for in 2022. 

There has been a higher performance rate in recent times in the cryptocurrency market. Traditional assets rose on the strength of institutional crypto investments and acceptance in 2021, making it a watershed year for the market. 

Even though prices have paused in recent weeks, investors and market watchers remain optimistic about what 2022 will bring. The crypto market is prone to growth patterns, and as the year moves fast, some of these trends have begun to create ripples. 

Finding the best cryptocurrency to invest in can be difficult due to the many options available, but it's well worth it because these currencies can often yield triple-digit returns! This article identifies the trending cryptocurrencies globally in 2022 and preferable coins to invest into in 2022.

Bitcoin has a market capitalization of almost 725 billion dollars. After a strong price increase in 2021, Bitcoin is now the most popular cryptocurrency. This cryptocurrency has been termed the market's largest over the years due to its high-performance rate. In theory, BTC is a peer-to-peer internet currency, which means that all transactions are carried out directly between equal, independent network participants, with no need for an intermediary to allow or enable them. In layman's terms, this means that coins are migrating into the hands of powerful people. The quality of Bitcoin's float appears to be in good shape. This is, of course, only one side of the story.

This cryptocurrency comes highly recommended in 2022. In a nutshell, the project's purpose is to change the global lottery sector using digital assets. The protocol accomplishes this by decentralizing the lottery process using blockchain technology. The basic concept is that anyone may play lottery games from the comfort of their own home without having to go via a centralized operator. All game functions are governed and carried out via smart contracts to ensure that Lucky block provides its participants with integrity and validity. This ensures that all lottery games are completely honest and fair, with no chance for internal or external actors to tamper with the results. Those who want to invest in Lucky block can do so by purchasing the project's digital token, which is currently in pre-launch.

Ethereum's market capitalization is over $325 billion. It is a favorite of programmers because of its potential applications, such as smart contracts that run automatically when conditions are satisfied and non-fungible tokens. Ethereum is both a cryptocurrency and a blockchain platform (NFTs). It is the second most popular cryptocurrency after Bitcoin, and it is most recognized for its smart contract capabilities. Because these contracts are programmable, they can support a wide range of use cases, such as tokens, stablecoins, DeFi, and non-fungible tokens. It is one of the trending crypto's because of the launch of its updated version Ethereum 2.0

This cryptocurrency has over $20 billion in market capitalization. It is a stablecoin blockchain payment network that works by maintaining a balance between two types of cryptocurrencies. Terra's blockchain protocol powers price-stable global payment networks with fita-pegged stablecoins. TerraUSD and other terra-backed stablecoins are linked to the value of actual currencies. Luna, their counterbalance, is used to power the Terra platform and manufacture new Terra stablecoins.

Shiba Inu is another new cryptocurrency to invest in 2022. Thanks to chatter from social media sites like Reddit, SHIB took the scene in October 2021, exploding over 1000 percent in under a month. Because much of its popularity is built on hype, this 'meme coin' has a similar feel to Dogecoin. However, with actual use cases (such as ShibaSwap) having recently started, the SHIB price has room to rise through 2022.

The top-5 cryptocurrencies on a roll in 2022. What coins are more preferable to be added to your crypto wallet?

Trending Cryptocurrencies in 2022

The end of 2017 marked the beginning of one of cryptocurrency's best moments, crypto trading platforms gained high demand, and their popularity began to surge. This sudden development compelled preeminent cryptocurrency investors to seek new ways to keep their investments safe. The best-recommended way to go about this is to use the best cold wallets around (which doesn't come through.) The popularity of the cryptocurrency was going up, and more people were getting involved, so it is understandable it turned out to become the hacker's hub overnight.

Hacks were indeed becoming more common during this time. Because of this, hardware crypto wallet companies began having a field day because it is the most secure crypto wallet today. The fact remains that the hardware wallet remains the safest way to store your crypto assets out of the three major cryptocurrency wallets. In this article, we will list a few ways you can keep your crypto assets secure, including storing them in a hardware wallet.

The cold wallet system of storing crypto has always proven to be the best method of keeping crypto assets safe. Here, your login details are the access to your money; should anybody access it, you might as well lose your money, just as you will lose your faith should anybody gain access to your leather wallet.

There are several known cryptocurrency storage wallets: the desktop wallet used on desktop and laptop computers. Web wallets can be accessed from anywhere globally; all you need is an internet facility. And finally, hardware wallets are said to be the safest because they are entirely outside the internet grid. 

There are many hardware wallets out there; some known ones include Ledger, Ledger Nano, Trezor Model T, CoolWallet Pro, KeepKey, etc. But note, you will also be compromising the security of your hardware wallet should you disclose the access information to a third party. Below are some other ways you can keep your crypto assets safe. 

The Two-factor authentication method for crypto wallets comes in three known forms: the PIN (Personal Identification Number) method, USB key method, fingerprints, signature, and retinal scanning method. The security of a 2FA factor is not in doubt, but many users have a different opinion about the convenience. The authentication token is sent in three ways: via email, text messages, and Google Authentication means. The email address and the Google authentication seem to be the most convenient and safer as it is rarely accessible by a third party, unlike the SMS method.

Once the bitcoin wallet is accessed, a confirmation token is sent to the owner on any selected channels. Once it is verified, the transaction automatically takes place.

This one also works, especially for people who use hot wallets. You are deliberately confusing criminals who wouldn't know when and what you changed your password by doing this. But make sure you write it down each time you change it; sometimes, it can get confusing to tell what was the last one you changed. 

Here is where we recommend you use a good Non-Custodial Wallet. A non-custodial wallet gives you complete control over your crypto wallet keys, and it is advised you don't enable third-party access. As secure as it may sound, using this device calls for more responsibility: you have to be more careful. This is because you can lose your entire cryptocurrency holdings if you lose these keys.

Whether you are using a laptop, smartphone, or desktop, make sure that both your OS and the wallet app in use are all updated. And as you know, there are so many other latest security features that come with each update. So, use them to keep your device safe. 

Here is where you apply the "don't put all your eggs in one basket" principle. By doing this, you are preventing all your cryptocurrency assets from being attacked at once.

For those who use web wallets, you must safeguard your device correctly. To do this, you either password it or limit the access to your device to yourself only.

In conclusion, the security of your crypto wallet should be prioritized, and it is the last line of defense for your crypto assets. Although both the hot and cold wallets are great in storing crypto assets, we recommend you use the cold wallets: they are less likely to be attacked.

Several crucial tips for providing more security to your crypto wallets

Crypto Wallets Security: The Safest Ways to Store Cryptocurrencies

Cryptocurrencies are renowned for the fact that they are not issued by any central authority, such as banks or governments, i.e. they are decentralized. Therefore, it is difficult for cryptocurrencies to be manipulated, or controlled by the government or any institution. This is also one of the reasons there has been a surge in the number of cryptocurrency types available globally.

Why are there so many different types of cryptocurrencies?

There was a time one could name all the cryptocurrencies present in the world, but currently, we have over 4000 different kinds of them. This is because blockchain technology can be easily accessed by anyone, especially software developers, and the knowledge base of people in the global world increases daily, so they can easily utilize the source code to construct a new cryptocurrency.

Over the years, investors, traders, and holders have discovered that cryptocurrencies such as Bitcoin and Ethereum have a growing track record of holding and gaining in value over time, despite their volatility rate. Therefore, more and more cryptocurrencies will continue to emerge.

We know that cryptocurrencies differ dramatically, from the variations in price on out to other aspects that influence investment decisions. All cryptocurrencies have specific unique features, they were created by different software developers, and all had a distinct areas for application. Cryptocurrencies are often classified based on their purpose.

How are cryptocurrencies grouped in the context of their purpose? 

As soon as the purposes come under consideration, most cryptocurrencies are grouped into the major four clusters. They include: 

The first cryptocurrency was created to be an e-money, i.e. a digital form of money. Due to the surge of bitcoin’s price, it was contended that it was too expensive to just be a digital form of cash, so a variation of it was created, and it was called Bitcoin Cash. 

Cryptocurrencies are also seen as assets, and they are usually compared with gold, hence, they are called digital gold. It can be stored in the blockchain and its value also increases over the years, like gold. This digital gold is also limited in quantity, therefore, they are usually bought and held for a long time for them to appreciate. 

As mentioned earlier there are more than 4000 cryptocurrencies globally. Some of them are categorized as meme coins because they have little to no value and sometimes, they cannot be valued.  

Some cryptocurrencies are proposed to meet a specific need in society or solve problems in a particular industry or across industries globally. It is sometimes regarded as the future of cryptocurrencies. An example for such a kind of cryptocurrency is Ripple, which is used to speed up the process of making payments in banks.

What are the popular types of cryptocurrencies?

Every cryptocurrency has its unique purpose, just like anyone or anything on earth. But there are popular cryptocurrencies, such as Bitcoin, Ethereum, Ripple, Tether, Cardano, and Dogecoin. Here is a rundown of some of these globally popular cryptocurrencies:

Bitcoin is the first manifestation of cryptocurrency that was launched in 2009. The main purpose of bitcoin was to trade goods and services. It is a form of electronic money that you can send to other people. But in recent years it is used for so many other purposes.

Unlike Bitcoin, Ethereum is a platform that allows users to create decentralized apps, tokens, and smart contracts. Ether is the name of the currency, and it is represented as ETH.

Ripple is a blockchain created for banks to speed up payment processing, this is why it is called the banker’s coin. It has developed various partnerships in recent years with international banks. It is labeled as XRP.

Tether is the first coin that was directly linked to a physical currency, which was the US dollar. In terms of market capitalization, it is the most valuable stablecoin. It is represented as USDT.

Cardano uses proof-of-stake (PoS) protocol, which eliminates the need for the complicated PoW computations and high electricity consumption required for mining coins like Bitcoin, potentially making the network more efficient and sustainable.

Dogecoin is widely regarded as the first meme coin, having been introduced in 2013 as a satirical response to Bitcoin. It is one of the altcoins, but it is very similar to Bitcoin and Ethereum as it is based on a blockchain network and uses a proof-of-work (PoW) method. The unique thing about Dogecoin is that its mining capacity is limitless.

Why are there so many types of cryptocurrencies? How having a bitcoin wallet today may make your life easier in the nearest future?

Most Popular Cryptocurrencies and How They are Classified

Shiba Inu and Dogecoin continue to struggle. Many conversations have been triggered due to the mounting hype on each coin. While some people may compare Shiba Inu and Dogecoin based on their literal representation, others consider that behind the husk they still have a reasonable amount of fiat currency pegged to them. Even with the dog similarities, there are other unexplained differences between the two coins.

Interestingly, Dogecoin was introduced to interrupt the progressive performance of Bitcoin as far back as 2013. This was meant to make light of lots of people paying real money to own digital assets with little or no relevance. But unfortunately, the so-called “mock currency” created to interrupt a process ended up backfiring. It was a slap on the faces of the founders, even when they watched the same Bitcoin surge to become one of the world’s biggest cryptocurrencies.

Today, another coin has been created to do the same job Dogecoin did years back; that is Shiba Inu. According to the founders of the coin, they refer to their creation as a “Dogecoin killer.” The Shiba Inu works with the Ethereum blockchain, including three variants programmed to perform other functions. From the look of things, it’s getting more complicated for Dogecoin, and there are stormy days ahead of it.

The market capitalization of any coin is calculated by the total value of the coin in existence. The thing is, as the total number of coins keeps increasing, the market capitalization keeps increasing too. To find out the market capitalization of any coin, multiply the total number of coins by the current trading price. Today, Dogecoin’s market capitalization is calculated at $27 billion, considering 132.3 billion in the market, at the price of $0.20 per coin.

On the side of Shiba Inu, it is not doing bad on its own; it has continued to surge since its extraordinary hype back in 2021. With over 549 trillion units of Shiba Inu in the market and priced at $0.000020 (as at the time of writing this article), the coin has a total market value of over $24 billion. Even when admitting that both coins are among the cryptocurrencies with the biggest market cap, none of them can be compared with Bitcoin, which comes with a market cap of over a trillion dollars.

One has got a reason to believe that the enormous hype brought about the listing of Shiba Inu and Dogecoin on major exchanges like Bitfinex, Coinbase, Binance, and Kraken, respectively. Industry analysts believe that creators of Dogecoin have a plan to be releasing more than 5 billion new Dogecoins each year, but the interesting part is that there won’t be a cap on the total numbers. Releasing an unlimited amount of Dogecoin into the market should cause a total mess on the coin itself if economic theories are anything to go by. But surprisingly, it looks like no matter how many Dogecoin releases out there, the market keeps absolving it and even asking for more.

As for Shiba Inu, it looks like the founders go more emphatic in saying that they make a hoax out of Dogecoin, so with that, they have released over one quadrillion units of Shiba Inu coin. 40% of this coin is said to make its way into the market, as for the rest; it was given to the founder of Ethereum, Vitalik Buterin.

The major difference between Dogecoin and Shiba Inu seems to be just the medium promoted by the creators. There are also reasons to believe that Elon Musk has a role to play in boosting both coins. Their differences lie in their mode of marketing (which also looks similar anyway). But it looks like Shiba Inu makes use of the practical approach, applying a real-time increase to promote the coin.

While on the side of Dogecoin, they prefer using the aggressive hyping technique, which most of the time looks like deception because it barely reflects on the trend. Some of these aggressive promotion methods by Dogecoin can be better seen when Elon Musk posts a tweet about the Dogecoin price, and automatically, it bounces up. It is unlike Shiba Inu with its more or less natural fluctuations.

Why meme-based coins are so popular and what the differences are between Dogecoin and Shiba Inu. Is it worth buying Dogecoin?

Hype Behind Dogecoin and Shiba Inu

Recently, you might have been hearing people talk about the blockchain and all the terminologies related to it. And you are probably wondering why people discuss it so much and how it works. Firstly, it is truly worth the hype. But to understand this, it is imperative first to comprehend how it works. Before you invest in crypto trading platforms, you should always get more informed. This article will explain what a blockchain is and how it works, and its applications across various fields in detail.

Blockchain is defined as a database used to store data securely so that it cannot be reformed, hacked, or misappropriated. It operates as a database and stores digital assets such as cryptocurrencies, NFT's, etc. The blockchain functions as a decentralized system, i.e., it is not regulated by anybody nor by the government.

It can also be called a Distributed Ledger system. It is run by the community of computers which are in the same network peer-to-peer. This technology has many prospects, especially because of its risk aversion, security, transparency, decentralization, as well as for the ways it is applied today and could be applied in the major industries worldwide in the future.

The main purpose of this technology was to support the first cryptocurrency ever discovered, which is Bitcoin. But it now powers all the other cryptocurrencies that have emerged over the years. In recent times developers have been looking to integrate this blockchain technology into other industries different from the financial sector, such as medicine, art, cybersecurity, and banking.

The unique and innovative structure of blockchain technology that distiguishes it from a typical financial technology ensures the loyalty, genuineness, and security of a data record while also generating trust for its users. That is, there is no need to doubt the security of your data even if a third or fourth party has access to it because it cannot be hacked or stolen. Blockchain thrives on three important models. They are: the block itself that makes up the chain, nodes, and mining.

A blockchain comprises different blocks stringed together to form a chain. Each block on the chain consists of stored data similar to the database. When a block is filled, it becomes permanent and part of the timeline. When each block is added to the chain, it is given an exact timestamp. The chain continues infinitely.

Nodes help with decentralization. Any electronic equipment that saves copies of the blockchain and keeps the network running is a node. Every node has its copy of the blockchain, and for the chain to be updated, trusted, and confirmed, the network must algorithmically approve any newly mined block. Also, bitcoin transactions are entered and distributed by these networks of powerful computers called nodes. The problem that anything can be copied on the internet, and that users can be anonymous is eliminated. Blockchain is updated and validated not by one, but by thousands or even millions of community members in a regular timeframe.

Instead of one bank or a government, the entire blockchain agrees on the same “reality”, the complete history of a transaction that has taken place. It is called consensus. Because every step of a transaction is recorded and stored permanently, it is not possible to send the same transaction twice (double spend is not possible). This creates trust across the network.

Mining is a freeway where people can acquire cryptocurrencies for free. It involves adding the details of transactions to the digital ledger in Blockchain technology. Earlier, cryptocurrencies were the only blockchain-related technology mined, but now it is also applicable to other Blockchain technologies.

What are the applications of blockchain technology?

The main purpose of blockchain is to store, share, and distribute digital assets so that they cannot be altered, hacked, or stolen. When digital assets or data are stored in the blockchain, it cannot be changed, erased, or destroyed by anyone else other than the user. Blockchain has multiple uses and applications across different industries. Blockchain technology can be used in:

To track financial crime, monitor and perform transactions, store, and secure digital assets.

To secure patients' medical records in a healthcare center and share or transfer important records with medical experts.

To track the intellectual properties of artists, musicians, and artisans and preserve their rights. These are known as NFT's.

To trace the origin of a food product or sample, especially in food contamination or food poisoning, to determine the source of the infection or disease.

To store and secure transactions performed with a particular cryptocurrency through its decentralized system. 

To sell various assets, including real estate, automobiles, and investment portfolios.

To build and foster trust between the retailers and consumers and aid collaborations across the global supply chain.

Why is bitcoin always used interchangeably with blockchain?

Bitcoin thrives on blockchain technology. Bitcoin and other cryptocurrencies are decentralized, and all transactions performed using bitcoin are stored on the blockchain. 

The discovery of bitcoin in 2009 brought a major awareness to blockchain technology, and then people thought they were the same. But over the years, the application of blockchain technology has broadened due to the multiplicity of cryptocurrencies.

What bitcoin blockchain is, how this technology functions and what it is applicable for

What is Blockchain and How does it Work?

Ethereum is defined as a blockchain-based cryptocurrency used for sending and receiving cryptocurrency value from anywhere in the world without any form of third-party interference. That's the basics, though, but it can do much more. Developed by a Russian and Canadian-based programmer "Vitalik", real name Vitalik Buterin, in 2013, it was created to extend the use of cryptocurrency by creating a means with which developers can also create their unique applications. This application is known as dapps, or decentralized application, that can self-execute with the help of smart contracts. Smart contracts are saved on the Ethereum blockchain, and it can also execute some functions each time preplanned terms are met automatically. This article is not about Ethereum and the programming; it has a lot to do with the pricing, hence, the progressive success of this crypto asset.

Back in August 2014, Ethereum released a native token via an ICO. A few days after the launch, over 50 million Ethereum coins were bought at the initial price of $0.31 per coin, as in, 1ETH=$0.31 per. The company raised more than $16 million for its project. Unlike other currencies with little coins in circulation, Ethereum has an unlimited supply; so there is no limit to how many of these coins you can acquire. According to Ethereum's yearly inflation update published on their official site, the inflation rate was 4.5%. Also, since it was launched in 2014 to March 2017, the price of Ethereum remained 'range-bound.' It grew from $0.70 in 2014 to $21 in March 2017.

Ethereum experienced its first major bull run in 2017. There was significant activity in the coin's growth around May; a few weeks later, the world woke up to see the ETH go as high as $100. There was another dramatical jump to $414 around May 2017 before going into a major correction. This time, it took up to five months for it to bounce back, repeating its previous price behavior, which was bullish, by the way.

Ethereum wasn't the only coin that experienced a boom; others did too. This bull run lasted until 2018, when Ethereum had its first all-time highs at $1,418, although it slightly experienced a fall after that threshold. After that, the price increased even four times more than the current price. It rose to the whole $4,379, which was the biggest increase since its launch. Ethereum had its biggest all-time reset in 2021, which will be three years since its introduction, and has now become one of the largest cryptocurrencies and the one to invest in crypto trading platforms.

Some Chronological Price History of Ethereum

At this time, Ethereum was in the same situation as Dogecoin is today: just below $.67 per coin. In essence, this is to say that $1000 in your investment may have turned into over $4 million today.

After a fluctuating climb, it experienced its first bull run this time. But around the middle of June 2017, it was already at $343.42. So, with a $1000 investment, it would yield around $8,000 today.

Ethereum experienced its first rush since its introduction. For the first time, it hit $1,405.21. A $1000 investment then would have been $1,972 or more today.

Barely three months after hitting its first all-time high, there was a sharp price drop. The price had dropped as low as $379.75. But even at that, should anyone have invested at that price, they would have made $7,298 profit today.

Things didn't get better here; the price cut continued. But towards the end of 2018, the value of Ethereum dropped as low as $83.37. 

At this time, Ethereum experienced huge improvement, although it was slow, steady progress – this was the time it grew as high as $301.40. So investors could have made $9,195 in present days if they had invested $1000 at that moment.

Finally, it will be reasonable to add that Ethereum has risen to become the second most valuable cryptocurrency today. Be it as it may, it won't stop here, judging from the far-reaching activities in that sector. The thing is, more people will take notice of Ethereum, as the price will continue to surge. 

You can find more information about Ethereum here.

How the price of Ethereum has altered with the course of time. Is having ethereum wallet a rewarding thing to do?

How Ethereum Price Changed Over Time

As a crypto investor, apart from getting a secure crypto wallet, you also need a crypto exchange and one that offers the best crypto exchange rates. To buy cryptocurrency, you need to create an account with a crypto exchange platform. This is because you can’t buy cryptocurrency from your bank. But with a crypto exchange platform, you can exchange your local currency (fiat) for digital assets. Read on to find out who a crypto exchange is, different types of exchanges, and why you should choose Bitgron.

A crypto exchange platform is a platform that makes it easy to trade cryptocurrency for other assets. The assets could include digital assets as well as fiat currencies. As such, you can use a crypto exchange to swap one cryptocurrency to another. For example, if you want to convert bitcoin to ethereum, a crypto exchange will help facilitate the process. That is if the crypto exchange rates of the platform are favourable for you. A crypto exchange platform can also serve as an intermediary between a cryptocurrency seller and a buyer. For example, a crypto exchange saves you the stress of looking for a buyer, you can simply register on the platform, pay a commission, and sell your cryptocurrency with no stress.

Difference between centralised and decentralised crypto exchanges

When it comes to cryptocurrency exchanges, there are two major types; centralised and decentralised. The type of crypto exchange you choose depends on your interest when it comes to cryptocurrency. A centralised crypto exchange acts as a third party between a seller and a buyer. A centralised crypto exchange is owned by a company, thus making them more reliable. So, the crypto exchange rates are set by the company.

On the other hand, a decentralised crypto exchange creates a peer-to-peer platform for crypto transactions. In other words, a decentralised crypto exchange serves as an intermediary between the seller and the buyer. As such, crypto exchange rates in a decentralised crypto exchange are set by the seller.

According to several financial advisors, no one crypto exchange is best for every user. This is because whether you choose a centralised crypto exchange or a decentralised crypto exchange, they both come with their fair share of advantages as well as disadvantages.

Why choose Bitgron as your crypto exchange?

Before we get into the details of why Bitgron is such a great crypto exchange, note that it is a centralised crypto exchange. This means that their crypto exchange rates are set by Bitgron. On this note, here are a couple of reasons you should choose Bitgron as your crypto exchange.

When it comes to choosing a crypto exchange, Bitgron is as secure as it gets. Bitgron uses the latest security system, which is well encrypted, thus protecting your financial details from prying eyes. Even when you design to use our crypto wallet feature, you can be assured that your coins will be secure. We take all the necessary security precautions to ensure your coins are not stolen. We also have insurance policies in place to ensure you have that rest of mind when your coins are in our possession.

Another reason you should choose Bitgron is its user-friendly design. To set up an account with Bitgron is easy. Simply sign up, verify your account, deposit euros via SEPA, and you can buy and sell cryptocurrency anytime. Unlike other crypto exchanges, Bitgron is quite an easy website to navigate. So, even if it is your first time at the website, you will be able to easily find what you are looking for.

Bitgron is a great crypto exchange to choose from because they offer only the best crypto exchange rates. Their rates are very competitive, such that you will hardly find any other exchange that offers a higher rate. Take note that scammers use the greed of those looking for outrageously high exchange rates to steal their coins. So, be careful when any other exchange is offering a rate higher than the one you find at Bitgron.

Lastly, a lower fee than any other exchange, as you can see.

Unlike other centralised crypto exchanges that charge high transaction fees, at Bitgron, we charge a lower fee. We can offer this because we make a profit from the slight difference between our exchange rate and the market rate.

How do exchanges work and why is Bitgron the best crypto wallet platform to meet your interests?

What are Crypto Exchanges? Bitgron's Best Exchange Rates

If you compare crypto exchange rates across exchanges at the same time on any given day, you're likely to observe price differences ranging from 1-2 percent to 4-5 percent. Why are crypto exchange rates not the same on different exchanges?

In this article, dissect these reasons in order to help you understand why crypto exchange rates differ across various exchanges and how to invest in crypto with Bitgron, maximising the data available to compare crypto rates with competitors. Read on to find out more.

Why Crypto Exchange Rates Varies on Different Exchanges

Because markets are not really efficient, the price of a digital asset varies slightly across markets due to the various fees charged by crypto exchanges, as well as the differing levels of trading activity and liquidity on each one exchange. The purchase and selling of an asset in order to profit from disparities in the asset's price across marketplaces is known as an arbitrage opportunity, which is created by varying prices between exchanges.

The first and probably most important reason, is the complete lack of any type of pricing regulations or consensus. Cryptocurrencies in general, are decentralised digital currency, which means there is no set price at any one time. Crypto is not related to any fiat money, such as the US dollar or the Euro, nor is it linked to any single country or exchange. Those wishing to buy or sell cryptocurrency, such as bitcoin, will discover that, like with all commodities, supply and demand fluctuate based on the market and the time you decide to act.

Liquidity is another element responsible for crypto exchange rates differences. The bigger exchanges have significantly higher crypto trading volume, whereas smaller exchanges have much lower volume. The price of crypto on certain exchanges is affected by the supply gap. There is no set system for pricing cryptocurrencies in general, at this time. This means that no one truly knows how much it should cost, and the price is solely set by current trade levels.

How can you be certain that the results of a Google search for crypto price are accurate? To be frank, you can't be. This is because crypto price trackers will either use an average estimate or a recent crypto trade on a major crypto exchange to determine their pricing. When you Google the price of a particular crypto, for example, the price is provided via  an exchange API.

Finally, transaction fees are also another factor responsible for crypto exchange rates differences on exchange platforms. Most crypto exchanges will impose a transaction fee to people who utilise their service, which will add an additional layer of inaccuracy to your final trading price. Most crypto exchanges charge a small fee in proportion to the value of your trade. The average price charged by the more prominent exchanges is often between 0.1 and 0.2 percent, but if you do your research, you can find some amazing discounts.

The best advice for traders who are confused by the various rates offered by various exchanges is to first determine what type of trader you want to be and then search for an exchange that will meet your needs.

Investing In Crypto with Bitgron: Taking Advantage of Data To Compare Competitors Price

It's difficult to keep up with the fast-paced world of cryptocurrencies. The Crypto exchange rate is one area where there are a lot of complications. When it comes to cryptocurrency trading, traders have a lot of options, but many exchanges hide cost structures in the fine print and mislead users with overlapping charge structures and discounts. The good news is that you can invest in crypto with Bitgron and compare crypto exchange rates, your coins, trades, and fees across various wallets and exchanges simple.

Bitgron helps you to remove all needless processes and compare the best cryptocurrency exchanges for you. Whether it's a comparison of crypto exchange rates or a feature review, you'll find everything you need to know with Bitgron.

Because the cryptocurrency exchange market is so crowded, it's easy to become lost among the numerous exchange platforms and their offers. Some exchanges make bold statements that aren't necessarily true in order to get the user's attention. That is why, by comparing cryptocurrency exchanges, Bitgron helps to distinguish between fact and fiction. You'll be able to uncover actual data and choose the best crypto exchange with this comparison tool and available data.

Understanding the price differences across various exchanges and how to buy bitcoin or other crypto with Bitgron at more favourable price

Bitgron Crypto Exchange Rates Analysis

If you are looking for a way to diversify your crypto investment strategy, look no further. It's time you check out synthetic investment strategy with cryptocurrency as it uses a combination of assets or securities to produce the same effect as ownership of another asset. And the best part is that you do not have to be investment savvy to get on board.

With Bitgron, you can join several investments in synthetic crypto investment strategy, to earn interest. All you have to do is choose an investment strategy with an expiration date and we will handle the rest for you. Curious about how our synthetic crypto investment strategy works? Keep on reading to find out more.

To understand the working principle of synthetic investment strategy, we need to first know what synthetic investment means. In simple words, synthetic investment is an investment model where there is no ownership of the underlying assets. Hence, a synthetic investment strategy replicates or tries to replicate the cash flow incident to ownership of an asset. This is often achieved through the use of an equity swap or total return swap.

The truth is that with the synthetic option, a lot of problems are averted compared to other options like the vanilla option. The synthetic option does not own an asset and does not sell assets. But what are the risks involved in the vanilla option? The plain Vanilla option brings lower risk to the investor while the Exotic options are higher in risk.

How to earn with Bitgron synthetic investment strategy in crypto?

At Bitgron, your earnings will depend on several factors, but you can check our earn tab and simulate profitability to see up to your percentage of interest.

Our synthetic investment strategy underlies the use of assets and future contracts. And the best part is that we do all the work for you, this includes buying bitcoin, as well as selling the future contract on Bitcoin or other cryptocurrencies. All you basically have to do is to choose an investment strategy with an expiration date.

Note that when we buy Bitcoin for you using our synthetic crypto investment strategy, the situation on the market must have some conditions before we go through with it. First, there must be a contango situation at the time of the transaction. A contango situation is simply the one where the price of the future is higher than the price of the underlying asset which may be Bitcoin or other cryptocurrencies. It's quite common to see such a difference in price and by the time the future contract expires, it fades away. This then allows you to make a profit from the transaction.

Again, to ensure you make a profit with our synthetic crypto investment strategy, we also take note of the volumes of transactions. The volume of the transaction must be identical for us to go through with the strategy as it is way safer. So, whatever strategy you see at Bitgron, you can be sure that they meet these conditions stated in this section.

Are synthetic crypto investment strategies profitable?

A synthetic crypto investment strategy is profitable. And the best part is that there is an unlimited profit potential when you use a synthetic crypto investment strategy since there is no limit on the price appreciation of the underlying stock. Let’s look at an example, maybe it will help put things in perspective. Let’s say if the price of Bitcoin at the time in which you start the synthetic investment strategy is €57,654, how much profit can you possibly make?

Well, we consider the price of the future which could be somewhere within €60,000. If at the time of closing the deal and fixing the profitability, the prices are adjusted to €59,000, then there are two possible actions we can take to earn you profit. First, we sell Bitcoin at €59,000 and make you a profit of €59,000 - €57,654 = €1,346. Secondly, we can redeem the futures at €59,000 and make a profit of €60,000 - €59,000 = €1,000. As such, the total profit of the operations with a synthetic investment strategy will be €1,346 + €1,000 = €2,346.

Can I invest in more than one synthetic crypto investment strategy?

As an investor interested in synthetic crypto investment strategies, you can invest in as many strategies as you want. Simply choose from as many synthetic crypto investment strategies as you can find in the list we provide at Bitgron. To understand more about the synthetic investment strategy read here.

Synthetic Investment Strategies: what is it, how profitable can they be for your bitcoin wallet and how to apply them at Bitgron?

Crypto Investment - Synthetic Investment Strategy

You've probably heard of USD Coin (USDC) and USD Tether (USDT). They're both connected to the US dollar, as you're aware. So, what's the difference between the two? Why are there two different cryptos for the same function? What is better for crypto investment? Bitgron offers synthetic investment strategies in USDC, and is working on adding more options in USDT and fiat later.

If you've been wondering about these, this article is for you. We'll explain the differences and similarities between USDC and USDT so you can make informed crypto investment strategy decisions.

USDC and USDT are stablecoins that are backed by the US dollar 1:1, resulting in less volatility than other digital currencies. They are extremely similar, but because they were developed by separate companies, there are some minor variances in the details, such as the auditing process for USD savings accounts.

USDC is a stablecoin that is fixed to the US dollar's price, therefore 1 USDC equals $1. It was launched in 2018. Since its first listing, the currency has been integrated into additional exchanges. The launch of gasless sends in August 2020, which allows users to pay gas prices in USDC rather than ETH, was a significant improvement for USDC.

USDC is powered by the Ethereum blockchain's ERC-20 smart contract and is also supported on other blockchains (Algorand, Solana, Tron, Stellar). It is an open-source project, making it a blockchain-based stablecoin that is transparent and verifiable.

Regular audits are conducted to guarantee that the circulating quantity of USDC equals the amount of USD held in reserve bank accounts, providing transparency. This method involves sending USD to these bank accounts, which are then utilised to generate an equal amount of USDC via a smart contract and returned to the user.

USDC has a difficulty in that it is a centralised stablecoin, despite the fact that it is issued by third-party American institutions and thus ensures stability and safety. This means that the Centre Consortium has complete authority over the stablecoin and can make any decision that affects it.

Tether (USDT) was the first stablecoin in the crypto industry, and it has a market capitalisation of approximately $64.5 billion, making it the most valuable stablecoin as a crypto investment strategy. USDT was introduced in 2014 and is backed by Tether Limited. USDT is the most traded stablecoin in the world as of 2021, with the ability to swap blockchains rapidly providing several benefits without being exposed to volatility. It is based on the ethereum blockchain, but it also exists on other blockchains like Bitcoin, Tron, and EOSIO.

Tether Limited issues and governs USDT, making it a centralised stablecoin. In terms of evidence of funding, detractors have expressed concerns about Tether's openness in recent years, claiming that it was unclear what USDT was backed by. However, following a legal battle that began in 2019, the New York Attorney General resolved the problem.

To demonstrate its commitment to transparency, Tether has produced an attestation report detailing the makeup of its reserves. The rest is made up of fiduciary deposits, cash, reverse repo notes, and treasury bills, with commercial paper accounting for more than half of the total. Despite the fact that USDT has been the subject of some controversy, Tether claims that it is completely backed. Their balances are also made public, and the circulation of USDT may be checked using the Bitcoin blockchain's Omni Layer protocol.

Our Synthetic Investment Strategy in crypto:

USDC is already available in our synthetic investment strategies, and USDT is coming shortly. We made it really simple for you no matter what currency you invest, we allow  you to earn on our platform by easily choosing the strategy among the available options, play with profitability with our easy to use calculator, and choose the most suitable investment strategy for you in USDC or the other available options.

USDT was introduced by Tether Limited in 2014, whereas USDC was introduced by Circle and Coinbase in 2018.

Freeh Sporkin & Sullivan LLP audits USDT accounts. However, the frequency with which these accounts are audited is unknown, which creates some crypto investment strategy concerns.

Grant Thornton, one of the world's top five consulting and accounting audit firms, audits USDC. Every month, the USD savings account is audited, and the results are published on the Circle website.

Users can choose from a variety of benefits, ranging from transaction speed to utility, using multiple blockchains. Bitcoin, Ethereum, EOS, Tron, Algorand, SLP, and OMG are all on the USDT blockchain

Meanwhile, USDC Ethereum, Algorand, and Solana are all part of the USDC blockchain.

The crypto market has a circulating supply of 62.20 billion USDT and 26.09 billion USDC as of 2021.

Explore USDT and USDC together with Bitgron's synthetic investment strategy to boost your crypto wallet efficiency

Differences Between USDC And USDT Investment Strategies

The new directive makes the operators of platforms through which cryptocurrencies are traded, as well as providers of wallets for cryptocurrencies, obliged to execute stricter customer verification requirements under the terms of anti-money laundering law. 

To comply with the new directive, Bitgron, a simply better crypto platform to deposit, buy, sell, keep, and invest cryptocurrencies and fiat, implemented  all the required steps

Bitgron is careful about it’s due diligence towards our users and the maximum safety of users’ assets within the scope of a sound legal framework.

If you are already verified, you can use all of our services as usual without further action required from your side. To check your account status on our platform.

Bitgron made it as simple as possible to start deposit and invest!

If your residential address and phone number are in one of the supported countries you can use Bitgron platform to deposit, buy, sell crypto for euro, and withdraw euro to the same bank account that you deposited from, as far as your portfolio do not exceed 1000 euro. You will be requested to pass full verification later.

If you are from the SDD (Simplified Due Diligence) countries list, then in order to be able to deposit and trade, you will be asked to pass full verification, in a very fast, and  user-friendly process.

Do you need help verifying your account? Head over to our Helpdesk to find a full list of countries and documents our verification providers support. Please note that we don’t manually verify accounts.

Bitgron complies with the AML5 requirements to provide the best crypto wallet services for users

Bitgron is Fully Compliant with AML5

Learn more about the best crypto wallets, various exchanges, investment strategies and blockchain

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