First steps: Basic tips for getting started investing in DeFi
DeFi is a complicated space, but with research and some patience, average investors can still get involved. Decentralized finance (DeFi) protocols have diversified investment opportunities in the crypto industry by facilitating novel and innovative passive income generation schemes.Delving a bit into how they work, DeFi systems are based on blockchain technology and run on programmable chains such as the BNB Chain and the Ethereum Network.The chains use decentralized peer-to-peer (P2P) finance architectures to cut out the middleman and enable lending, borrowing and liquidity provision.....
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Cointelegraph shares six tips on how to safely invest in Defi projects in our latest in-depth video. In our latest in-depth video, Cointelegraph shares six key tips on how to increase your safety when investing in DeFi by identifying rug pulls — One of the most widespread types of crypto scams. Booming growth coupled with a lack of oversight by traditional authorities has attracted an influx of fraudsters to the DeFi ecosystem. According to a recent report by Ciphertrace, while overall fraudulent activity in crypto is decreasing, rug pull scams in DeFi have been on the rise in 2021.In the....
You don't need thousands of dollars to invest in Bitcoin and getting started is not as difficult as you might think. As Bitcoin (BTC) keeps gaining momentum, the fear of missing out on investing in the world’s largest cryptocurrency is growing each day.On Nov. 18, Bitcoin (BTC) broke a $18,000 price mark for the first time since December 2017, less than a 10% away from its all-time high price of $20,000.As some analysts believe that an upcoming $20,000 threshold is not the end but the start of Bitcoin’s upcoming explosion to a $1 trillion asset, it may still not be too late to get into....
Trading stocks and cryptocurrencies can be complicated, but here are a few tips on how to get started. It doesn’t matter how experienced you are at trading because nothing can be done to protect a person against the might of cryptocurrencies’ price swings. Currently, Bitcoin’s (BTC) volatility, the standard measure for daily fluctuations, stands at 64% annualized. As a comparison, the same metric for the S&P 500 stands at 17%, while the volatility spec for WTI crude oil is at 54%.However, it is possible to avoid the psychological impact of an unexpected 25% intraday price swing by....
A Bitcoin IRA is nothing different from a traditional IRA. It is an individual Retirement Account (IRA) in which instead of investing fiat currencies, you invest Bitcoin. An individual Retirement Account (IRS) is an important program, which helps you to secure your future and save tax as well. However, have you ever heard about Bitcoin IRA? A Bitcoin IRA is nothing different from a traditional IRA. It is an individual Retirement Account (IRA) in which instead of investing fiat currencies, you invest Bitcoins. When you have a traditional IRA account you hold currencies, but in case of....
DeFi project takes its first steps into the real world TreeDefi is a growing DeFi project that has been active for over 5 months, focusing on tree planting activities through their protocol. As their project has grown further they’ve taken the opportunity to develop the idea by taking their first steps into the carbon credit […]