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How to Use the Trading 212 App
The Trading 212 app has a wide range of tools. Trading 212 is known for its commission-free trading, their range of stocks and ETFs. They also facilitate trading via their mobile app.

The Trading 212 app is regarded as one of the best worldwide. It’s easy to use,, making them very popular among European traders. In this article, you’ll learn how to use the Trading 212 app in 2022.

Trade Stocks Quickly with Your Mobile Devices

Trading from mobile devices has become very popular. To become an Apple shareholder, you can buy Apple stocks from your phone. The Trading 212 app makes it simple and provides a little information.

The internet has made investing simpler for everyone. Whether you want to buy ETFs, CFDs, and other assets or invest in stocks, you can do so in minutes.

Since you can buy stocks directly, it’s less likely that you’ll encounter scammers, as you would in the old days. Trading 212 is a fully regulated company, so they protect your capital.

They are licensed by the Financial Conduct Authority (FCA) in the United Kingdom. You can learn more about the Trading 212 app in the video below.

They also have a CySEC license. CySEC is the Cyprus Securities and Exchange Commission. They’re Cyprus’ financial regulatory agency.

You can grab up to €100 worth of free stocks from Trading212 if you sign up for a new account using the code PetkoA. You can grab that opportunity at any moment, but ensure you verify your account within seven days to get your free stock.

Accessing Your Account on the Trading 212 App

You can sign up for an Invest account or a CFD account with Trading 212. The Trading 212 app makes it easy to access either account. You’ll find the Invest option in the upper left corner. You can also select the contract for differences (CFD) option there.

Several Forex traders like CFDs. If they buy an asset and the price goes in their favor, they can close the position, and benefit from that difference.

With CFDs, you don’t physically own the asset. It’s a contract that you make with the broker. The agreement says they will have to pay you the profit if the price goes in your favor.

CFDs are helpful if you are short-selling. For example, you can profit from selling an asset even if you don’t own it.

How to Use the Trading 212 App to Deposit Funds

You can deposit funds in several ways on the Trading 212 app. Your option will depend on how quickly you want the funds to reach your account and whether you’re willing to pay any fees.

For example, you could pay with Apple Pay right from your phone. You could also use a credit or debit card. Many traders use bank transfers since they won’t pay any fees or commissions.

Trading 212 also accepts bank wire transfers. If you’re in Europe, you can use SEPA. Single Euro Payments Area (SEPA) transfers are free right now. SEPA transfers are also quick.

Using Your WatchList

The Trading 212 app lets you create a watch list. So you can monitor specific stocks. You can add and remove caches from this list with the pencil tool provided.

Finding Popular Stocks on the Trading 212 App

You can check the popular stocks list if you want to learn which stocks are doing well on the app. This list includes stores like Google, Tesla, Amazon, and Netflix. Coinbase and Apple are also included on this list.

The popular stocks list gives you an idea of which stocks are volatile. However, it doesn’t tell you whether the price of a stock is likely to increase or decrease.

You have to do further external research to make your own decision about buying shares. Always do your due diligence when buying or selling stocks on the Trading 212 app.

Find US Stocks Fast

The US stock list contains all the United States stocks that you can purchase through the app. So, you’ll find companies such as Coca-Cola and McDonald’s.

Identify UK Stocks for Trading

To quickly find UK stocks on the Trading 212 app, you can check the list of UK stocks. You’ll find stores like Barclays and HSBC Holdings.

Finding New Stocks on the Trading 212 App

Several traders like to invest in new stocks. You can find all of the recently added stocks by checking the app’s new stocks category.

For example, right now, you’ll find Udemy by clicking there. Traders like these new stocks because some increase in value shortly after they’re added.

ETFs, Dividends, and Passive Income

Traders can select ETFs by using the app. They can also invest in stocks that pay good dividends.

Some investors use stock dividends as a source of passive income. Your dividends will be paid to your account automatically. You don’t really need to have any trading experience or skills if you wish to receive dividends as passive income.

To earn passive income via dividends, all you need to do is to purchase the stock. However, you should always look for stocks that pay dividends at a good rate. So, you should receive between 4% and 6% in dividends.

For example, if you have $100 invested in the stock, your dividend payment should be between $4 and $6. If you’re investing in order to earn passive income in this way, calculate your expected dividend based on historical data.

For example, with Apple we’ll have a very low dividend. They pay around 0.51% in dividends. So, although Apple is a viral stock, it’s not a good investment if you want passive income. If you have $100 in Apple stocks, you only get around 50 cents as your dividend payment.

How to Use the Trading 212 App to Invest in Stocks

You can use the Trading 212 app to invest in stocks while on the go. When you select a company, you’ll have the option to buy or sell its stock. This option will only be available to you whenever the markets are open.

For example, you won’t be able to trade on Sundays when the market is closed. You can click on a chart while using the app and zoom in. It’s essential to do this and check the stock’s performance before you buy or sell it.

You can check the stock’s historical price over several periods. For example, you can check it over a month by clicking on m. You can also check it over a week or three months.

You can also check the price performance over a day. That will show you what happened during the last trading session or the last day of trading.

You don’t need to Google extensively about the company all the time because the app provides useful information when you’re busy. For example, you can check how many employees it has and where it is located. You can also get information on the sector that it’s in and some key ratios.

Traders can get other fundamental information. You can check the financial summary, income statement, balance sheet, and cash flow. It’s essential to learn as much as you can about trading stocks by using this information.

Social Trading with Trading 212

Trading 212 has a large number of clients. So, they have many social communities interested in particular companies such as Apple. Some of their social communities are interested in dividends from companies in specific sectors.

You can join these groups and benefit from several aspects of social trading. For example, you can join Reddit and Discord groups and learn what most people are looking at.

We all know what happened with GameStop and how the community turned out to be stronger than a huge hedge fund. So it’s important to know what’s happening in the community while trading. You’ll have a chance of grabbing a stock that will do well.

Check Your Profit or Loss Quickly

You can check your profit or loss over time by looking at the average price line. Even if you’ve been making purchases using multiple currencies, such as the Euro and US dollar, the middle price line will quickly show you whether you’ve made an overall profit or loss.

Sometimes when you sell your stocks, you need to convert the cash from one currency to another. For example, if you hold Apple stock and sell it you may get dollars but your account might be in Euro so your dollars from the sale will be converted to Euro.

Trading 212 doesn’t charge commissions on trades. So, you’ll keep more of your profit. Trading 212 makes money from the difference between the local currency and foreign currencies. They profit from the spread or the difference between the bid and the ask price in the asset pair that you are converting.

Earn with Referrals on the Trading 212 App

If you know other traders who like to buy stocks on the go, you can recommend the Trading 212 app to them. You would probably do that naturally because you want them to do well.

The app makes it easy to recommend it to your friends. Each client gets a referral link that they can share on social media and elsewhere. When friends sign up through this link, they’ll receive a free stock bonus worth up to €100 and you will too. It’s a win-win. You can find your referral link on the bottom right corner of the app.

If you don’t already have an account, you can sign up for one today. If you sign up for a new account with the code PetkoA, you will get a free stock worth up to €100.

Trading 212 App Hot List and Other Helpful Features

The Trading 212 app has a hot list that shows you how many users currently own shares like Tesla and Apple. The app also lets you check:
- Which stocks are most wanted
- The economic calendar
- Other economic news that impacts the Forex market or the stock market
Always Check Before You Invest

The Trading 212 app provides you with a lot of information. You can use this information to check the balance sheet of the company, the price history of the stock, and many other details that will help you to make a good decision.

Do your due diligence and also check additional sources of information before you invest in stocks or ETFs. Trading 212 also has great socials, and they have large communities that you can join. If you’re interested in a particular stock such as Tesla or you like to trade penny stocks, you can learn what other people are doing.

So, as you can see, the Trading 212 app has a lot of features that are beneficial to you. If you don’t already have an account, consider getting one for free today.

Remember to use the code PetkoA while you’re signing up and you’ll get up to €100 worth of free stocks. Thanks for reading!
May 13, 2022
NFT Smart Contract
What is an NFT Smart Contract?

Today we will try to explain what NFT Smart Contract is. NFTs are causing a revolution in the digital space. What makes them more popular is the combination with smart contracts. A unique feature of NFTs is the use of blockchain technology.

Each NFT has a unique code identifiable to the original issuer. This feature makes them immutable and non-fungible. Combining them with Smart Contracts makes it possible to store automated transaction details.

This technology has opened up new opportunities for collectibles and expanded NFT digital market. Swiftly, music, games, fashion, and sports categories now use NFTs.

Let’s talk more about NFTs, Smart Contracts, and how they work. Shall we?

Hi, my name is Petko Aleksandrov and I will do my best to make the complicated staff simple and easy to understand. NFT stands for Non-Fungible Token. It represents ownership of tangible and intangible digital items such as music, art, videos, and in-game items. Only one individual can own an NFT, which makes it stand out.

However, other people can download or copy content uploaded as NFT. What does this mean? It means that someone else can access your work, but they cannot reproduce an NFT similar to yours. This helps to eliminate the circulation of fake NFTs.

The backbone of NFT is crypto technology. So, many traders buy and sell NFTs online using cryptocurrency. What sets NFT apart from other crypto assets is they are non-fungible. What does this mean?

Other cryptocurrencies such as bitcoin are interchangeable. For example, you can exchange one bitcoin with another bitcoin. A nature that makes transactions easy.

For NFTs, mutual exchange is not possible. Why? Because they are not the same. Each NFT has a distinct signature different from another NFT.

Check our video NFT Course and learn how to buy, sell and create NFTs.

Or jump straight into the action with our NFT Course: Learn How to Buy, Sell and Create Non-Fungible Tokens Online

Why Do NFTs Matter?

NFTs have been in the digital space since 2014. Initially, they were not very popular. But since 2017, they have become popular—$ 174 million has been spent in NFTs in four years. People are widely using them to trade digital artwork.

The use of crypto technology in NFTs has greatly benefited collectors and gamers. Mainly because they can own digital assets and earn lots of money from them. Also, they can trade individual digital items they earn during gameplay.

Artists are also in for the treat. Through NFTs, they can sell their music directly to a global audience. This way, they recoup a large portion of the profit from sales. Programming royalties to the digital artwork also streams profit each time the asset passes to a new buyer.

Why do NFTs Have Value?

Why would people spend thousand and millions on NFTs? Well, it’s because of their value. As you already know by now, NFTs are non-fungible. Blockchain has unique codes that help to track down ownership of each NFT. As such, no one can replicate any digital assets.

This attribute of NFTs makes them scarce and original. And like any other asset, demand and supply influence the price. High demand and scarcity hike the prices. And people are willing to give up any amount to own digital assets.

What is Smart Contract?

Smart contracts are very popular nowadays. But, what are they? And what problem do they solve? Nick Szabo coined the term smart card in 1997. He wanted to use computerized transactions to execute a contract. And his efforts came to fruition.

Smart contracts are similar to ordinary contracts. The main difference is that they are entirely digital. In simple terms, a smart contract is a small computer program embedded in a blockchain.

The agreement between the buyer and the seller is written in the code, which makes the contract self-executing. With smart contracts, transactions are trackable and irreversible.

How Do Smart Contracts Work?

The goal of smart contracts is to eliminate third parties in contracts. Let’s use an example to illustrate. If two parties, supporters and product team, want to contract, they will go to a crowdfunding company like Kickstarter to mediate their transactions.

When the project is successful, Kickstarter will give the promoters money. If not successful, return money to the supporters.

Now, it is possible to create such a system without involving a third party with a smart contract. How? You can program a smart contract to hold the money until a specific goal is achieved. The promoters transfer their funds to the smart contract. If the project is fully funded, the smart contract will transfer money to the creators.

If the project fails to reach the specified goal, the smart contract sends money back to the promoters. No one gets to control the money but the smart contract. The process of making a Smart Contract is known as minting. It involves writing the code underlying the smart contract.

What are the Applications of Smart Contracts?

Most organizations stand to benefit from smart contracts. By eliminating third parties, it becomes easier to execute transactions fasters. The use of blockchain eliminates errors and misunderstandings. Let’s look at some places where smart contracts can transform operations. Shall we?

Finance Trade

Finance trading involves a set of terms that each trading party has to honor. Creating a legally binding contract takes time and is labor-intensive. Now, smart contracts come in here. It saves time and money by automating workflow approval.

Record Keeping

Almost every business has a record-keeping system. However, cyber insecurity can compromise records and distort them. Such a situation impair the eligibility of transactions and agreements.

But, introducing blockchain technology in record keeping solves this problem. The records become safe and unchangeable. And because the technology uses a security key, only authorized persons can access records.

Insurance

Insurance claims are super sensitive, and insurance companies spend lots of time trying to process claims. In the process, they may end up losing money to fraudulent claims.

With smart contracts, the process becomes faster and accurate. The terms of the agreement become apparent, and the amount payable is defined.

Voting

It is so uncommon to hear fraud allegations in elections. Fraudsters still manipulate votes despite the heavy funding that uses a computerized voting system.

Smart contracts can help in validating voters’ identities and recording their votes. And because it uses blockchain technology, no one can change the vote records.

Stocktaking

Supply chains can also benefit from smart contacts. It is easy to track each product, which helps to minimize theft and losses. Also, automated reorders help to overcome stockouts.

What are the Benefits of Smart Contracts

The idea of security is one of the most important features of any technology, and smart contracts are no exception. Smart contracts are saved on the blockchain and can be stored securely without requiring any human intervention.

All data saved on the blockchain is immutable, meaning that it cannot be modified or unrecorded.

Every transaction on the blockchain are recorded, and these records are immutable and unalterable, which also implies that it is almost impossible to hack. Smart contract technology is secure because it reduces the risk.

Smart Contracts and Cryptocurrency

The future of cryptocurrency has been to use it in conjunction with blockchain technology to create smart contracts. Blockchain technology helps create a ledger. And the blockchain ledger is key to carrying out a smart contract.

Different Types of Smart Contracts

Now, there are three different types of Smart Contracts – application logic contracts, smart legal contracts, and decentralized autonomous contracts

Application logic contract

Application logic contract is the most popular type of smart contract. It is a program that runs on the blockchain. It contains rules and conditions of the application and can be executed by anyone on the blockchain. Application logic contract is sometimes called a simple smart contract.

Smart legal contract

A smart legal contract is a smart contract in which the program code is written in natural language and not in a programming language. It is used to automate specific business processes and cut the cost of hiring lawyers. Smart legal contracts are sometimes called smart-legal.

Decentralized autonomous contracts

Decentralized autonomous contracts are smart contracts that are self-executable and have a certain degree of autonomy. They have their internal state and can interact with other contracts.

Impressive Result From NFTs Project

I want you to understand me better so here are some Impressive Result From NFTs Project

In a world where all your assets and investments are in one central location, the only thing standing between you and losing everything is the security of that central location. If someone hacks into that location and steals your assets, you’re done.

Fungible token standards are all the rage to avoid such situations. Businesses and start-ups are racing to create platforms that use NFTs.

With NFTs, you can take your assets and store them in a decentralized location. No one can hack into the Ethereum network and steal your assets. You have complete control.

Gaming

This is a revolutionary change in the world of gaming and digital assets. Since you are in control of your assets, you can buy, sell or trade them at any time. You can even play games with them. And the best thing is that you may do all of this without ever having to leave the comfort of your own home.

You don’t need to go to a shop to buy items. You don’t need to go to a game studio to play your favorite games. And as if that’s not enough, you can even create your games and sell them to your friends, family, and the entire world.

You don’t need to give 30% to Apple, 30% to Google, and 30% to Microsoft. You may keep all the cash you make. No need to give up any of your profits.

Design

Another impressive impact of NFT projects is the emergence of luxurious fashion. NFT provides a way of transforming digital collectibles and designs into scarce and valuable items. While customers used to express their styles physically, now it is possible to do it virtually.

Virtual fashion is on the rise, and big companies such as Gucci intend to launch their NFTs. And such as Nike already did it with a fascinating result. And with such initiatives, it will be possible to create digital images wearing 3D clothing.

What are the NFT Smart Contracts

NFT Smart Contract includes a smart contract of the actual commodity and the corresponding virtual property. A platform such as EOS allows compiling a Smart Contract. An example of NFT Smart Contract is a digital song content and a song content token, or a digital real estate and a real estate token.

The design of the NFT smart contract is not complicated. The core content of the contract is to set out the right and obligations of the virtual commodity and the corresponding virtual property in detail.

To define the right and obligations of the related virtual property, it is important to determine whether the property itself has value and ownership rights.

The market price does not necessarily determine the property’s value. But the cost of creating and maintaining it determines its value. If the property has value and ownership rights, then it is possible to set out the right and obligations of such property in detail.

Uses of NFT smart contracts include:
- To establish a secondary market for virtual goods.
- To facilitate payments. In addition, the EOS platform can also support the payment function using EOS tokens.
- To facilitate cross-chain NFTs transactions. The cross-chain transaction means that the tokens on one chain can be exchanged for the tokens on another chain through the corresponding exchange contract.
- NFT Smart Contract can help establish a voting or dividend distribution mechanism based on NFTs.
The Future of NFT

The future of NFT is still in the exploration stage, and it is not easy to predict. The future of NFT will be closely related to the development of the underlying chain.

For example, if EOS develops rapidly, the market value of NFT may increase significantly. If the development of the underlying chain is relatively slow, the market value of NFT will also fall.

In addition, the emergence and development of other underlying chains such as Ethereum may also have a certain impact on NFT.   However, whether it is a game-based virtual currency or a digital asset transaction platform, its development will be closely related to its applications in various industries and scenarios.

Also, whether there will be a real economic model based on NFT in the future, whether it is applicable in the physical economy, and whether it will replace the traditional currency are unknown.

Blockchain technology is the reason NFT Smart Contracts exist. This technology makes them non-transferable and non-changeable, making them more secure. Also, they are usable on different platforms.

The adverse use of NFT Smart Contact in transactions will likely create more transparency and security on the internet.
May 4, 2022
Trading 212 Review

This Trading 212 review will explain how you can invest in stocks by using the platform. You’ll learn about the type of stocks that they have available and how traders are enjoying their no-commission structure on investments.

This broker makes it easy for investors to benefit from the performance of brands such as Google, Apple, and Amazon. They also give special offers to their members, which help traders to make the most of every dollar that they invest.

Trading can be risky. It’s important to do your due diligence before buying any shares at Trading 212.

Trading 212 Review – Trade CFDs and Forex

Trading 212 offers CFD and Forex trading, along with stocks. They currently have 1.5 million clients and £3 billion in client assets.

They have 184 Forex pairs. This includes several exotic Forex pairs. For example, they have 16 against the Bulgarian lev.

In all, over 1,785 symbols are offered for Forex and CFD trading. Your minimum deposit is EUR 10, so this is a good platform for beginners.

In addition, you’ll have a sense of security when you’re trading because of provisions made by their regulators. Traders get indemnity insurance over €1 million from their Cypriot regulator. More about regulation will be covered later in this article.

Trading 212 used to offer cryptocurrencies. However, you can’t trade crypto on this platform at this time.

Real Stocks for Trading

Trading 212 offers both US and international stocks for trading. You can go long or short on this platform.

You can buy stocks instantly, whether you’re using the web platform or the app. Either mode lets you choose your favorite company, select how much you want to invest, and get your shares in just seconds. They also have an Autoinvest option that lets you put your money to work.

The Pies and Autoinvest option lets you create an investing plan which includes stocks and ETFs that are slices of your Pie. This plan should match your budget and goals. You can deposit funds and reinvest your dividends. If you don’t want to use a lot of automation you can also actively trade to benefit from their trading tools.

You can create a chart template for trading that’s customized just for you. This template makes it easy to apply settings across a range of charts.

You can invest in real stocks at Trading 212

You won’t have a lot of information available if you’re a fundamental trader. However, they do have lots of indicators and drawing tools that you can use when you’re purchasing stocks and other instruments. You’ll learn more about these later in this Trading 212 review.

Good-till-date order expirations are available on the web platform. However, they’re not available on the app on the app. Those orders will default to good-till-cancel.

This platform lets you learn about upcoming events related to a particular symbol. For example, if you check the symbol properties of a particular currency pair, you can learn about the events that affect that pair. You’ll also receive an expected forecast and time.

Commission-Free Investment

Many investors and traders try to avoid high fees, which can cut into their profits. At EA Trading Academy, we’ve reviewed several brokers which offer low or no fees. You’ll be pleased to know that Trading 212 offers commission-free investments. That is, you can choose an account which saves you money in this way.

There are two accounts available. You’ll learn more about the easiest way to fund either of these accounts later in this Trading 212 review. If you’re planning to trade shares, you should get an Invest account. That applies to both fractional shares which will be covered later in this Trading 212 review, and regular shares.

If your main goal is trading CFDs, you need a CFD account. You won’t pay commissions with the CFD account. However, whenever you trade CFDs and Forex you’ll pay a spread.

This broker doesn’t have an average spread. That means it’s a little difficult to be clear on their pricing for the EUR/US Dollar and other popular Forex pairs. That makes it hard to compare their spreads with that of other brokers. You’ll need a minimum deposit of €10 to open the CFD account.

Trading 212 clients can fund their accounts by using an international credit card. The broker supports eight base currencies. When you want to withdraw money from your account, you won’t be charged a withdrawal fee.

You Can Purchase Fractional Shares at Trading 212

Trading 212 offers fractional shares. This makes it easy for you to stick to your investing budget while purchasing a small fraction of each type of share that you’re interested in. For example, you can buy Google for just $10.

You can buy fractional shares of companies like Google and Amazon.

You can invest a small amount of capital in fractional shares as an international trader. For example, you can invest with just £1.

To invest in fractional shares of expensive stocks, you’ll need to enable the Fractional Shares Indicator. You’ll find that in the Trading Preferences. That’s on your Settings menu. After you have enabled the indicator, you’ll see a small circle over each instrument that offers fractional shares trading.

Trading 212 Review – Educational Content and Research

Trading 212 doesn’t offer a lot of research. When there are economic calendar events, you will get information. However they don’t constantly offer news headlines in their app. You’ll also get updates in the web platform but these are just snippets. So, if you want to purchase fractional shares via this broker, you’ll sometimes need to use a third party for in-depth research.

They have a lot of videos which is a definite plus. However, if you’re a person who likes to read articles about the companies that you’re interested in you’ll be at a disadvantage. They don’t offer a lot of articles on their platform.

Trading 212 Review – MetaTrader Isn’t Available

Trading 212 doesn’t offer MetaTrader. This is a drawback for traders who are accustomed to using MetaTrader for back testing and to execute their trades. If you are Forex trader who has spent a lot of time learning how to use MetaTrader and you prefer it, this will be a con for you.

They offer their own in-house software. This software doesn’t yet have the functionality to run robots. So, if you have robots that you use with MetaTrader, you won’t be able to use them on the platform. However, the in-house platform is user friendly.

Access Your Account on Your Mobile Device

Trading 212 has a web platform that’s intuitive. Both beginners and experienced traders find it easy to use. However, you can also trade on the go at this broker.

They have a mobile app that’s a leader in the area. In fact, several traders use this broker just for the app because it’s really easy to use find the features that they need. For example, they can place orders easily with the app.

More than 10 million traders have downloaded the app on Google Play. It integrates educational content for beginners. So, if you’re just starting to trade you can comfortably do so from your mobile device. An app is also available for iOS users and this Trading 212 review will explain more about the features that you find on this app.

The app comes with watch list screeners. These make it easy to sort through the markets that you’re interested in and even quickly find symbols that have been recently added. However, you can’t use this app to do a lot of research on stocks or currency pairs.

You can customize the watch list easily. It’s also easy to sync the app with the web platform. Although this broker doesn’t have a lot of charts, they still have several useful indicators and drawing tools. Many of these have been integrated into the app.

For example, if you’re using the charting tool on the app, you’ll be able to access 45 indicators and at least 19 drawing tools. This means that the functionality of the app is almost the same as the web platform.

Enjoy the Benefits of a Fully-Regulated Broker

Trading 212 is authorized by a tier-1 regulator with high trust and a tier-2 regulator with average trust. Their tier-1 regulator is the Financial conduct Authority or FCA. The FCA is based in the UK.

Trading 212 doesn’t have any licenses from a tier-3 regulator. However, that’s not an issue. Tier-3 regulators are associated with the lowest level of trust.

This broker is registered in Wales, England, Bulgaria, and Cyprus. As mentioned earlier in this Trading212 review, in England and Wales they’re authorized by the FCA. However, the Financial Supervision Commission regulates them in Bulgaria. In Cyprus, they’re authorized by the Cyprus Securities and Exchange Commission.

As said earlier in this Trading 212 review, the broker protects your capital. They keep your funds in an account that the FSCS guarantees. However, the maximum amount of capital in that is £85,000 per trader.

The FSCS is the Financial Services Compensation Scheme. It’s based in the United Kingdom. It offers compensation for clients of companies if those companies fail financially.

Get Free Stock with a Promo Code

In this Trading 212 review, you’ve learned about several great benefits of purchasing stocks on this platform. However, it gets even better, with their free stocks offer. You can get up to $100 worth of free stocks just by using this promo code. EA Trading will also receive a bonus when you use this code.

To get free stock via this promotion, you need to be a resident of the United Kingdom or Europe. If you’re in the United States, you won’t be able to participate. Each new member won’t get the maximum. That is, the bonus that you get depends on the amount of money that you deposit. However, the maximum that you can get in free stock is $100, for an equivalent deposit.

You must use a referral link like the one above to create your new account and receive your bonus. In addition, the bonus applies to Invest or ISA accounts. If you create a CFD account you won’t get this particular bonus.

Best of all, you can sell your stock bonus right after you receive it. However, you must wait at least 30 days before you can withdraw the cash value of your bonus. If you already have an account with this broker, you won’t be able to get the free stock.

No Payment for Order Flow

Some brokers have the practice of payment for order flow(PFOF). This means that they receive compensation and other benefits whenever they direct orders to different parties. They do that to execute trades. However, PFOF puts traders at a disadvantage.

PFOF puts traders at risk because of a conflict of interest. Some brokers also don’t fully disclose the fact that they use PFOF. Robinhood got in trouble with the Securities and Exchange Commission (SEC) because it stated that it was a commission-free broker but it didn’t ensure that its customers got the best execution on their orders.

In this Trading 212 review, you learned that Trading 212 has a commission-free structure. However, they don’t use PFOF. So, you don’t need to worry that they’ll have your orders executed at prices that are inferior to other brokers’ prices.

Trading 212 Review – Final Thoughts on this Broker

This Trading 212 review has shown that the platform is good for beginners. For example, it’s easy to use, beginners can start with a small amount of capital, and it lets clients trade on the go.

However, as traders become more experienced, they might find that the platform has a few cons. For example, it doesn’t have a lot of advanced trading tools. In addition, it also doesn’t offer much research.

Trading 212 doesn’t offer crypto trading any more. So, this is a broker that you can only use if you focus on shares and Forex or CFDs. They also don’t use MetaTrader.

All in all, this platform offers lots of benefits to traders. International traders can choose from several exotic Forex pairs, trade on the go with an app that’s in demand among traders around the world, and invest in fractional shares. The platform even offers a significant free bonus to new clients.

April 16, 2022
How to Protect your Cryptocurrency from Hackers

You should know how to protect your cryptocurrency from hackers. Whether you’re a huge investor or you use a little bit of crypto to shop online, you can use the steps in this article to safeguard your funds as much as possible.

In this article, I’ll share my personal strategy for protecting my funds. Even my strategy isn’t 100% guaranteed to protect your cryptocurrency. However, doing something is better than not doing anything. If you don’t take any steps at all and you lose your funds to hackers, you’ll regret it for the rest of your life.

Store your Crypto Assets in Different Locations

The first thing is to not keep all of your crypto funds in one place. Diversification is always good. Put it on different exchanges. You can also split it through different devices.

Later in this article I’ll show you how I personally split my cryptocurrencies. I track everything on my portfolio with my spreadsheet. So in one column I keep track of my wallets. I can also monitor my ledger device.

I also store some of my crypto on Crypto.com and some on Binance.com. Additionally, I have some on Gate.io. So, pretty much, I keep my cryptocurrencies on these exchanges.

However, I also put some of my long-term crypto investments in a ledger device. That’s a hardware device that you can use to protect your cryptocurrency. I have to pay for it. Usually, the price range for a Nano X ledger is about ЛВ 300 in Bulgarian levs or $170 US dollars.

Since you keep the Nano offline, it’s relatively safe from hackers. You can connect to it via an app on your mobile. If you decide to get it, make sure you buy it through the official website.

If you keep your crypto on a hardware wallet, it’s relatively safe from hackers

Protect your Cryptocurrency by Using a Ledger Device for Long-Term Investments

Your ledger device or any other hardware crypto wallet will keep your long-term investments safe. If you’re planning to hold crypto investments for the rest of your life, it’s best to keep them on a hardware wallet. Keep them off the exchanges.

However, crypto that you’re trading and keeping for the short term can be kept on exchanges. I keep mine on Binance.com, Crypto.com and Gate.io.

If you keep your short-term investments on a hardware wallet, every time you transfer money for a trade, you’ll have to pay fees. So you’ll end up losing money from a lot of trading. It’s not profitable to transfer crypto from a hardware wallet every day.

Protect your Cryptocurrency by Selecting Exchanges that Protect your Funds

You can improve the safety of your crypto by staying on exchanges that have some kind of protection. Your options for protecting your crypto on an exchange will vary depending on the country that you live in.

Use a reliable exchange with an account protection program

For example, many of the exchanges in the United States guarantee funds for US citizens. However, if you live in the rest of the world there aren’t any such safeguards.

Crypto.com offers protections to international clients. They have an account protection program that was announced right after they had a huge hack. During that hack, there were unauthorized withdrawals for around 5,000 Ethereum and 500 Bitcoin.

Crypto.com compensated their clients after the hack. They also developed the account protection program to help protect your cryptocurrency. If you are a Crypto.com customer, you should enable multifactor authentication for all of your transactions. You should also set up an anti-phishing code.

Don’t Use Jailbroken Devices

The third tip is that if you want to protect your cryptocurrency, you should not use any jailbroken devices. If you’re affected by hacking, you should also file a police report. However, that might be difficult because some policemen might not know a lot about cryptocurrencies or what forms they should use for filing that type of report. So, this step might not always be appropriate.

Crypto.com customers should complete a questionnaire to support the investigation. All of these steps would be taken by Crypto.com clients. However, some traders wonder what would happen with a smaller exchange.

A smaller exchange might not have the resources to compensate their clients. That’s why, at the beginning of this article, I stated that you should split your cryptos among several exchanges.

Always Protect your Cryptocurrency

Even if you only have a few minutes to do so, you should always take a few steps to protect your crypto. Always aim to stay on several major exchanges, since they can afford to compensate you if they’re hacked. Choose exchanges that offer the maximum protection for your funds based on where you live.

Always choose exchanges that offer the maximum protection for your funds based on where you live.

If you have a few thousand dollars worth of crypto that you’re investing for the long term, you should get a ledger device to protect your cryptocurrency. It’s worth it to grab a hardware device so that you can protect your money. It’s better to spend that money then lose all of your crypto in a moment.

If the exchanges that you use offer multi-factor authentication or anti-phishing codes, you should use them for your protection. Always use whatever the exchange provides as a layer of security.

I hope you enjoyed this article. Please share your ideas on how to protect cryptocurrency from hackers in the comments below.

March 12, 2022
Why Dollar Cost Averaging is Wrong for Crypto Trading

Dollar cost averaging is one of the most popular strategies among traders. You can set recurring payments on all exchanges. So, for example, you can buy Bitcoin for $100 every Monday.

This strategy makes it easy for you to purchase crypto. Once you have it in place, you don’t have to worry about it. Every Monday, your exchange will charge your card for the sum that you’ve selected.

If you purchase crypto by using your wallet, the process is the same. This strategy will work with any payment method that you choose.

Drawback of Dollar Cost Averaging

Dollar cost averaging (DCA) has a drawback. This strategy works very well when the market is positive. If the market is negative, you’ll lose money with this technique. For example, if you were using this technique with BTC since the beginning of 2022, you would have lost money.

If you used dollar cost averaging in 2021, when the market was positive you would have made a profit by buying Bitcoin. That’s because the price of Bitcoin kept going up. So, if you spent $200 every day on Bitcoin you would always make a profit on your previous purchase.

However, in 2022 the market started to drop. That means if you spent $200 on Bitcoin every day and the price fell every day, you would lose money every day on your previous purchases.

If you’re buying Bitcoin every Monday for 50 weeks, that’s similar to having a 50 moving average on a weekly chart. For beginners, I’ll quickly explain the idea of a moving average. Moving averages are lines that we have on the charts. Moving averages smooth the prices.

The 50 MA shows the average closing price of Bitcoin over the past 50 days

It’s really easy to calculate moving averages. You’ll take a certain period and take the average price for that. For example, a 50 moving average on a weekly chart means that we take 50 weeks, summarize them and then divide that by 50.

That gives you an average price. If you look at the price chart on Bitcoin at the beginning of 2020, it’s below the 50 moving average. In other words you would be on a loss. At the end of January you would have reached over 30 on a loss.

Use Dollar Cost Averaging Carefully

Dollar cost averaging can be helpful. However, instead of purchasing crypto weekly, monthly or even daily, you should always wait for the best moment to purchase.

Let’s say you’re investing $1,000 a month or $200 a week. You know that for January, February and March you would have $3,000 to invest. However, you shouldn’t just invest because it’s Monday.

My Experience with DCA in 2022

There’s no reason to buy on a particular day. If the market is negative, don’t buy any coins. Just hold your money.

For example, in November December and January I didn’t spend $1,000 each month on crypto. That’s because the market was negative.

So, I saved $3,000 as a reserve. When the market started to rise again and the price found strong support, it broke the trend line and we had higher lows.

I had plenty of reasons to buy Bitcoin at that point. So, I used the money that I would have spent in November, December and January at the right time.

When to Start Buying Via Dollar Cost Averaging

How long should you wait before you reenter the market? When is the best time to start buying by using dollar cost averaging?

You can observe each crypto and learn how much of its value it usually loses. For example, 30%, 40% or 50% is a lot of value for Bitcoin. It doesn’t lose 80% as other coins do. That’s because the market cap for Bitcoin is huge.

Bitcoin’s price won’t drop more than 50% because its market cap is huge

A lot of people and institutions are into Bitcoin. When the price drops to somewhere around $30,000, a lot of investors and companies are ready to buy.

They wait for these moments. So instead of rushing and purchasing every week and then watching as you lose money while the price goes down, wait.

Use DCA Carefully and Reduce Losses

Beginners lose money because they buy crypto at the wrong time and then they’re forced they sell at a loss when the price starts to drop. The exchanges emphasize the convenience of automatically charging your credit or debit card every Monday. However, it’s better for you to wait for the right moment when the price drops and you see a few buy signals.

I hope you enjoyed this article. If you want to improve your technical analysis even more, please check out the related videos on the YouTube channel and courses on technical analysis that are available here.

They cover investing, Bitcoin and cryptocurrencies. If you have any questions don’t hesitate to ask in the comments below.

March 9, 2022
NFT Marketing Strategy: Boost Your NFT Project

An NFT marketing strategy is important for every artist who creates and sells NFTs. Marketplaces such as OpenSea and Solana are competitive. However, they make it possible for an artist to reach a wider audience.

With a carefully developed NFT marketing strategy, you can sell your work to people around the world. Whether you’re just starting out or have years of experience as an artist, you can build a community and generate multiple revenue opportunities from your artwork. This article will explain how you can develop a profitable NFT marketing strategy.

An NFT Marketing Strategy Helps you to Succeed

This article is for people who don’t already have a community. Artists who already have a community on Twitter or on other social media channels are already using an NFT marketing strategy. In this article, I’ll cover five steps that you need to take, to become successful with your NFT project.

All of the top collections that you see on OpenSea started from scratch but the artists used an effective strategy to reach where they are now. So, you can do the same with the NFTs you create if you’re patient and don’t give up.

Build the Right Community for your NFTs

If you already have a large community on YouTube or another social media channel, don’t assume that you can sell them NFTs. You have to build the right community that’s interested in your NFTs. A community that’s interested in travel, footwear or sports, won’t necessarily be interested in NFTs.

The people who are interested in your recipes, your voluntary organization or your skateboarding tips won’t necessarily know what cryptocurrency really is all about. They don’t know what a crypto wallet is or how to use one. They don’t know how to connect a MetaMask wallet to OpenSea and they don’t know how to fund that wallet.

A community that isn’t focused on your type of art won’t know how to do all of those things. After 10 on 15 years, NFTs will be very popular. However, right now NFTs are not that popular everywhere. That makes them a good opportunity for investors.

Focus on your Art

So, you’ll need to build an NFT community just for your art. For example, my YouTube channel has turned out to be an NFT community. The most popular uploads are all related to NFTs.

The most popular uploads on my YouTube channel are all related to NFTs

However, it’s important to remember that my subscribers were also interested in crypto and trading assets on the blockchain. They knew how to use cryptocurrency wallets long before I started uploading videos about NFTs.

Be Transparent with your Brand

I started recording about NFTs in 2021. Since then, all of my subscribers have become so interested in NFTs that they want me to keep on recording about them. Even though I also put videos on trading on my YouTube channel, I also like recording videos about NFTs.

So, I have an NFT community now. It would be easy for me to launch a collection and sell NFTs to my community but I’m not planning to do that. I’ve created my Shiba Toons collection and I decided to give it for free to everyone who watches my videos.

Your NFT marketing strategy will help you to build the right community. So, a niche community of 10,000 people is better than a community of a million people who are interested in a different topic. Always be super transparent and clear to your community. Let them know where you’re from and know a little bit about you as a person.

For example, my community knows that I’m Petko Aleksandrov. I’m from Bulgaria and I’m a father of three children. This is how you build trust; by being yourself.

People need to know the real team that’s behind the project. This is important because they’re investing in your art. They need to know where the project is coming from. You can also openly let your community know what your plan is and why you’re creating art. This way everyone who likes the idea will follow you.

Build your Community Before Launching

It’s important to build your niche community before you launch your project. It’s not a good idea to work on your collection, launch it on OpenSea, Solana or another platform and then start doing marketing. You’ll fail if you do it in that order.

Start building your pages on Twitter and Discord long before you create your very first NFT. Other social media channels are important but Twitter and Discord are the most popular ones for NFTs.

The Bored Ape Yacht Club has communities on both Twitter and Discord

For example, the Bored Ape Yacht Club has pages on both channels. They have 134,000 followers on Discord and over half a million followers on Twitter. After you start building your communities on these platforms you can also build communities on Instagram and Facebook.

If you aren’t sure what you want to post about, look at what popular channels are posting about to get ideas. In your NFT marketing strategy, you can also follow them and post on similar topics. However, ensure that you include images of your NFTs. If they’ve done giveaways or airdrops you can do those as well.

Paid Promotions on Rarity Tools

If you plan to spend a little money on promotions, you can consider listing your collection on Rarity Tools. It costs money to do that. So, this step is for the people who have a marketing budget.

It’s not cheap but if you put your project in the upcoming section it gives you good exposure. Many NFT collectors look at this website in order to grab NFTs before they are put on the aftermarket.

Sponsored YouTube Videos

Sponsored YouTube videos are also a good way to get the word out about your NFTs. You’ve seen that some of my videos are sponsored by NFT artists. So, I’ll explain how that works.

As a YouTuber I can accept sponsorships from different companies and projects. Even though my YouTube channel is still small and I have around 14,000 subscribers, every day I receive between 10 and 20 offers. However, I reject 99% of them because I only select the ones that I really like.

Projects that I choose are the ones that I really want to show you guys. In the same way, you can pay to have YouTubers promote your project. So, you’ll reach their audience.

NFT Marketing Strategy – Have a Few Giveaways

When you’re starting from scratch and you don’t have a community, there’s no one to buy your first NFTs. However, what you can do is give away some of your NFTs for free.

You can also promote your NFTs by having a few giveaways

You can go to Facebook groups to promote your giveaways. To cover all the bases with your NFT marketing strategy, you can also promote your giveaway on Twitter, Instagram and another social media channels. This way your collection on OpenSea or Solana will gain more exposure and you’ll start to have buyers.

It’s important to do that before you launch your collection. If you launch your collection and no one owns any of your art yet, people will be skeptical about it. People will always be wary of being the first one. So, giving away some free NFTs is not a bad idea.

It’s important to only give away a few of your NFTs if you’re planning to sell most of them eventually. You don’t want to build a community of people who aren’t willing to spend money. If you do that, when you launch your NFT collection those people won’t buy any because they’re only interested in collecting free NFTs.

Put Time into your NFT Marketing Strategy

I’ve shared five steps that you’ll need to follow if you want to have a profitable NFT marketing strategy. However, it’s up to you to put time and work into it in order to succeed. You can follow these five very basic steps to start building your community and boost your project.

There’s huge competition on OpenSea and Solana nowadays. In addition, if you don’t have a budget for promoting your NFTs, it’s hard to stand out. However, if your project is outstanding and you follow your plan all the way, you’ll get results. If you have any other NFT marketing strategies in mind, please share them in the comments below.

March 7, 2022
Solana Trading Strategy

Your Solana trading strategy could help you to become a millionaire. However, you should always do your due diligence when you’re trading any type of crypto. There are no guarantees in crypto trading and the Solana blockchain has a few disadvantages.

How many Solana do you need to be a Solana millionaire? That depends on the exchange rate. A few months ago, Solana was at $177.

In March, 2022, Solana is at $86.92. In this article I’ll tell you about my own experiences with trading Solana.

Is Solana the next goldmine?

There are some people who think that Solana is the next goldmine. Here at EA trading Academy, we don’t recommend any particular type of crypto. However, I’ll tell you why traders like Solana. I’ll also share my Solana trading strategy.

Several traders compare Solana to Ether. At the start of the pandemic, ETH was just below $100. Since then, Ether reached an all-time high of $4,867. It’s currently trading at $2,598.

Solana Trading Strategy – Calculate How Many Solana You’ll Need

I’m not a financial advisor. Don’t take what I’ve written in this article as advice. However, I’ve done my own calculations to find out how many Solana it would take to become a millionaire.

How many Solana would it take to become a millionaire?

So, if you have $1,000 and you want to use that to buy Solana, the amount of SOL that you get will vary depending on the price. For example, if Solana is selling for $177, you would get 5.6 SOL

Cryptocurrencies always have retracements. If you look at the most recent retracements that Solana has had, you’ll see that there was an amazing move back in September. I caught that one and made some great profits.

Solana Trading Strategy – Buy During a Retracement

Retracements or price drops, happen in markets for several reasons. For example, the market might be bearish or people might be starting to panic.

Retracements always take place. The price never just goes in one direction. For example, the recent retracements took the price back as much as 46%.

If you enter the market during a retracement and then the price goes up, you’ll have the opportunity to make a sizeable profit. For example, with Solana, if you bought it at $129 you would have made a profit of at least 100% as the price moved up to $258.

A Retracement Always Occurs

Repeat the Process

After the price went up, SOL lost over 40% again. The price went down to 156. If you bought at that price and held your crypto until SOL went up to 308, you would have made almost 100% in profit.

At that point, it would have doubled your investment. So, if you started with $1,000 you would now have two thousand dollars.

If you invest that $2,000 in Solana again when the price drops another 40%, you would double your investment twice. If you repeat this process, you could eventually become a Solana millionaire. You would have to do that 10 times to reach a million dollars, if you started with just $1,000.

Enter the market during retracements to make a profit

How many times will Solana keep doing that? How many times will it lose 40% and then gain 100%? I don’t know and I can’t predict that.

You can also check if Ethereum is doing the same thing. If so, you would use the same strategy as with Solana. That is, you would wait for the price to drop 40%, enter the market and then wait for the price to rise 100%.

I would keep the profit from my Solana trading strategy in USDT. This is a simple strategy. However, I’ve been using it for many different cryptos and it works for me.

Solana Trading Strategy – Monitor Rankings and Market Capitalization

Sometimes, you may only use the strategy around four or five times with a particular crypto. After that you might want to change because another crypto gets into the top 10. For example, you might switch to LINK.

Always look for a crypto that loses around 40% and then increases in price by around 100%. However, Ethereum and Bitcoin don’t follow that retracement pattern. That’s because their market cap is very big.

Bitcoin has only lost close to 50% once. That was when Elon Musk had made some comments on Twitter back in 2021. Ethereum also lost around 40% of its value once. So, my Solana trading strategy might not work for Ethereum.

However, I don’t see those drastic reductions in price happening often. That’s because both of these cryptos have large market caps. A lot of people are investing in them.

However, cryptos with smaller market caps will fluctuate more often. In fact, you should avoid some of them. Cardano has lost a lot of its value. So, it’s not a good idea to invest in Cardano in the near future.

I’ve been trading Litecoin, Algo, Chainlink, Bitcoin Cash and several other tokens. I just wait for them to drop 40% or 50%, buy them and then sell when they increase in price.

So, that’s my Solana trading strategy. It also works for me with several other cryptos. I know you might have some skepticism but you can’t tell me with 100% certainty that I can’t make a million with this strategy. So, let me know what you think in the comments below.

March 5, 2022
Investing in Solana NFTs

Investing in Solana NFTs can help you to profit in several ways. Solana is one of the fastest-growing cryptos in recent times.

Many traders and investors are looking for new opportunities in 2022 and Solana might seem like a good one. However, before you invest, you need to know more about the pros and cons of the Solana blockchain.

In all, there are three things that you need to consider before investing in Solana NFTs. I’ll cover all of these in detail in this article.

Investing in Solana NFTs

Investors like Solana for several reasons. You can flip NFTs easily and cheaply on Solana without gas fees.

Solana has also increased in price very quickly. In July 2021, it was trading at around $22. It rose to a high of $259 and then dropped to $160.

The price reduction was caused by news that the Solana blockchain was experiencing congestion. This slowed transactions to 10,000 per second.

Solana was considered to be a revolution in the NFT market. This is because of the number of transactions that it could do per second and because it didn’t have the gas fees which are associated with Ethereum.

Solana price chart

On December 11th, Solana suffered another loss. It sustained a DDoS attack. That cause its price to drop further.

Solana was susceptible to this type of attack because it operates on a central network. This system consists of several smaller nodes and servers.

At this point, Solana has dropped at least 16%. This is the highest reduction among the top 10 cryptos by market cap. However, investing in Solana NFTs is still affordable because you don’t have to pay a one-time gas fee of $200 when you sign up.

Investing in Solana NFTs is a Cheaper Option from the Start

Solana is cheaper for beginners. You’ll have to pay a one-time gas fee when you sign up with OpenSea. You’ll also have to pay gas fees whenever you do transactions on OpenSea. That’s because you’ll be using the Ethereum blockchain.

When you’re just starting out with trading NFTs, it’s tough to spend over $200 in gas fees just for signing up. You’ll avoid this initial gas fee completely if you’re investing in Solana NFTs. That means you can use the money you saved to buy more NFTs.

Avoid Gas Fees for Transactions by Investing in Solana NFTs

On the Ethereum blockchain, you’ll have to pay gas fees for all of your transactions. So, if you’re buying an NFT at a fixed price, you’ll have to pay a gas fee. Similarly, if you auction an NFT and you accept an offer, you’ll also have to pay gas fees.

Solana doesn’t have any gas fees. That’s one of the reasons why it became so popular in 2021. Traders realized that they could make bigger profits by investing in Solana NFTs because they didn’t have to pay expensive gas fees.

Solana’s Projects Are Similar to OpenSea

The projects on Solana are similar to those that are on OpenSea. For example, they have SolPunks which are similar to CryptoPunks. However, the price is cheaper. To compare both projects, you need to look at the floor price.

Check the Floor Price

While investing in Solana NFTs, check the floor price in SOL and USD

The floor price is the minimum price. That is, the floor price of a collection is the lowest price for an NFT in that collection. The floor price for SolPunks is 4.74×150, which is $750. However, the floor price for CryptoPunks is much higher.

You’re unlikely to get a CryptoPunks NFT for less than $100,000. The cheapest one costs 25×3865, which is $96,625. That’s about $100,000.

The floor price is different for each trading platform. When we look at the trading volume, you will see that they’re also different.

Over the last 7 days, the Degenerate Ape Yacht Club on Solana had $1,420,000. This is pretty good. The Bored Ape Yacht Club on OpenSea had nearly $30,000,000.

The projects on Solana are doing well. They’re only a few months old. However, they’ve increased significantly in price during that time. So, people who started investing in Solana NFTs early made a lot of profits.

Investors have made a lot of money from flipping or holding NFTs on Solana. If you’re wondering if it’s worth it, it’s definitely worth it.

What’s the first step when you’re investing in Solana NFTs?

To start investing in Solana NFTs, you’ll need a wallet to use on Solana. One of the best options for OpenSea, Rarible and other popular platforms is a MetaMask wallet. However, you can’t use a MetaMask wallet on Solana.

You can use a Solflare or Phantom wallet. Both of these can be used to store your Ethereum and Bitcoin offline. That keeps your crypto investments safe from hackers in the long term.

Keep your crypto investments offline

Make sure you get your wallet from the official website. There are fake websites out there. Use Phantom.app, Solflare.com or Solart.io to get your wallet.

That way, you’ll ensure that you’re sending your crypto to the good guys. There are a few steps you’ll need to follow to create your own unique wallet after visiting each official website to get the software.

How to Create your Wallet with Phantom

Phantom works as a browser extension for Chrome. You’ll need to click on Add to Chrome and add the extension. After that, click on Create New Wallet.

You’ll receive a unique 12 digit code that’s your private key. You need to store that code in a safe place. Make sure you’re the only person who has access to it and you can find it easily when you need to.

You’ll also need a password of your choice. Copy and paste your password to store it safely. You’ll also need to go over the terms and conditions. After you’ve agreed to them, you can click Save.

Save your Phantom code securely

Fund your Account and Select Projects

When you’re ready to deposit some SOL, you’ll need to click on Deposit. You’ll have several ways to fund your wallet with Solana. You can buy SOL with Moonpay, send crypto from FTX or send crypto from another exchange.

If you transfer some SOL from another wallet, you’ll be ready to buy NFTs on Solana. You can choose from hundreds of projects on Solana.

When you’re investing in Solana NFTs, the best thing is to get NFTs before their launch date. Buyers can also invest before they reach the secondary market.

You can find statistics on the collections by visiting the homepage. You will see the top collections and you also see those that are coming soon.

Click on each one of the upcoming collections. After that, you’ll need to follow them on Twitter. By following them on Twitter and clicking the notification bell, you will learn when they’re going to mint NFTs. That way, you can be one of the first to grab one.

On Twitter, you can also learn how many people are in the community. That is, you’ll see how many followers like the art and are likely to trade those NFTs.

For example, Snoop Dogg’s Babolex project has 29.3K followers. That’s a large number of followers. Zoolana has 14,000 followers on Twitter. I’m not recommending either of these projects and you should do your own due diligence.

Final Thoughts on Investing in Solana NFTs

Projects with big communities are usually successful. If you buy the NFTs when they are minted and then sell them on the secondary market, you’ll usually make a profit.

As you know, I’m a huge fan of the Metaverse. I’m considering getting one of these MetaHomes and they’re selling for 4 SOL. I’ll write more about those in the future.

So, investing in Solana NFTs can help you to make a profit. Solana has had a few problems, such as the recent DDoS attack. However, That’s not unusual because most blockchains have had problems at some point in the past. I hope you found these tips helpful and I would like to hear more about your own investment strategies in the comments below.

March 2, 2022
Flipping NFTs On Solana, OpenSea and Veve

Flipping NFTs on Solana, OpenSea and VeVe will help you to make money. However, you’ll get profits more quickly on Solana than when you’re flipping NFTs on OpenSea.

That’s because most of the NFTs that are traded on OpenSea are on the Ethereum blockchain. This means that most of the time, you’ll end up paying huge gas fees when you trade NFTs on OpenSea.

On Solana, we don’t have to worry about gas fees as much. You’ll make a bigger profit on Solana because you don’t always have to include gas fees in your costs. On Solana, the difference between the price that we paid and the price that we sell at is pure profit.

We only have to pay a small commission when we’re flipping NFTs and that’s reasonable. In this article, I’ll tell you what I look for when I’m flipping NFTs on Solana.

What do I look for when I’m flipping NFTs on Solana?

The first thing that I look for is a collection that matches how much I want to spend. For example, if you want to spend $160 which is about 1 Solana, you can search for collections that match this floor price.

In this article, I’ll look at collections that are in the middle. So, I’ll look for collections that are about 2 or 3 Solana.

First, I’ll click on Stats on the Solana platform. This will give me information about different collections.

The Bold Badger Squad is in the price range that I have in mind.

The Bold Badger Squad, Frakt and Grim Syndicate are all in the price range that I have in mind. They all cost about 2 Solana. That’s equal to $320.

So, that’s an example of what you’ll see when you’re flipping NFTs on Solana. I’m not recommending any of these collections. You should always do your own due diligence before you buy a collection on Solana.

When I find a collection that interests me, I look for two positive columns. The first column is the average price.

I check to make sure the average price is increasing for the last full day. The volume should also be increasing for the last 24 hours.

Buy Projects In Collections That Are Traded Frequently

Ideally, I want to make a purchase in a collection where NFTs are being traded every few minutes. While flipping NFTs on Solana, I also look at market capitalization.

I want collections with a market cap of at least $1,000,000. I’ll add five to separate columns. These five satisfy all three of my criteria for average price, increasing volume and market cap.

After that, I want to see how many people are involved in buying and trading these collections. So, I’ll check social media. I’ll look at the Twitter pages for all of these collections.

The Grim Syndicate has 7,000 followers. Frakt has 29,200 followers, which is even better. The Bold Badger Squad has the largest number of followers, at 36,900. If you invest in a collection that has a large number of followers on social media, you can get buyers from within that community.

Frakt combines math and fractals to produce 1,000 pieces of generative art on the blockchain.

When you’re flipping NFTs on Solana, it’s a good idea to look for art that has a particular look or brand. You might not personally like that style but other buyers might appreciate it a lot. For example, Frakt combines math and fractals to produce 1,000 pieces of generative art on the blockchain. I don’t really like this type of art but it’s very popular.

The Bold Badger Squad is also generative art. So, each NFT in this collection has the same body but different attributes. For example, the backgrounds are different. The wearables such as sunglasses and cigarettes are also different.

Find Affordable Projects On Solana

Now, I want you to notice that for the Bold Badger Squad, the cheapest one starts at 1.99. However, the prices go up a lot from that. For example, you can find NFTs in the collection that are five or six times that price.

Flipping NFTs on Origin Story

Origin Story is a white-label marketplace platform, meaning only verified collections are supported on the marketplace. While it’s built on Ethereum, users can get around gas fees by using Polygon on Origin Story.

Some major collections that Origin Story supports are Pudgy Penguins, 0N1 Force, The Doge Pound, Lil Pudgies, and OnChainMonkey.

Origin Story helps investors flip NFTs by providing a bespoke analytics dashboard. The dashboard shows notable holders, trading volumes, holder distribution, and more data to better inform your NFT purchases. Moreover, the platform aggregates liquidity from leading marketplaces, giving you a birds-eye view of the best prices on the market.

My Strategy for Flipping NFTs On Solana

While flipping NFTs on Solana, the strategy is to buy the cheapest ones at a low price and then sell those at a higher price to make a profit. This is the way that I like to make quick profits with NFTs.

This is a common strategy on OpenSea. It’s easy to profit this way on Solana because we don’t have to pay any gas fees. In fact, if I buy an NFT for 0.99 and sell it at 2.00, I’ll still make a profit.

If I buy an NFT at 1.99 SOL and flip it at 2 SOL, I’ll still make a profit of 0.01 SOL. When I check Frakt, the cheapest one is at 2.5 and the next one after that is at 2.99. That’s an easy profit that I could make.

On the left in green, we can see the cheapest Frakt, which is 2.5.

You could buy the next NFT in the collection for 3 SOL. So, even if I sold the NFT that I bought for 2.9, it would still be the cheapest one.

My profit would be equal to about $64 at the current price for SOL.The next three NFTs in the collection are priced at 3.5 SOL each.

I Always Check These Criteria

So, you see that my general strategy for flipping NFTs is to look for NFTs with a high trading volume. The collection should also have positive trading on price over the last 24 hours and a market cap of at least $1,000,000.

I also checked the size of the community that’s interested in the collection. The last thing that I look for is a project with a floor price that’s a lot lower than the others in the collection.

I look for a project with a floor price that’s a lot lower than the others in the collection.

That way, I’ll have space to flip it. I didn’t purchase the Frakt NFT because I don’t like that type of art but that’s my personal choice.

When You’re Flipping NFTs on Any Marketplace, Supply Exceeds Demand

So, the question of how to make money flipping NFTs on OpenSea is a huge one. This question is becoming more and more difficult to answer. That’s because many more people are listing NFTs for sale on OpenSea. So, supply exceeds demand.

The number of buyers who are interested in NFTs is smaller than the number of people who are selling NFTs. That’s because some buyers are scared of putting money into NFTs. They don’t want to buy something and hold it for months or even years. They prefer to buy it and flip it.

When they flip an NFT, they buy it today and resell it tomorrow. At a maximum, they’ll resell it within 48 hours.

Flipping NFTs On OpenSea

Earlier in this article I showed you how to make money flipping NFTs on Solana. There are several other marketplaces and now I’ll show you how to flip NFTs on OpenSea.

I mentioned fees before and I’ll go into more detail on fees and commissions in this section of the article. You’ll easily get information on fees and commissions on most marketplaces. It’s important to know how much you’ll be charged before choosing a marketplace because this will affect your profits.

What type of NFT would you like to flip on OpenSea?

NFT is an abbreviation for non-fungible token. An NFT is a virtual piece of art. When you buy it you’ll own the rights to that NFT.

Some people like to flip NFTs that are wearables. Other NFTs in the Metaverse include land that you’re renting or have purchased. You can even trade video games in the Metaverse as NFTs.

Several individuals will buy NFTs from you as an investment. So, they’ll hold the NFTs for weeks, months or even years. When NFTs are held for this length of time, they’re considered an investment.

Some people may buy NFTs from you in order to flip them, just like you’re doing. So they’ll buy the NFTs and quickly sell them at a higher price.

First Steps for Flipping NFTs on OpenSea

When you’re flipping NFTs on OpenSea, the first thing that you need to do is look at the collections with the highest volumes over the last seven days and the previous 24 hours. You should also check the rankings. You can find the top collections by doing that.

the first thing that you need to do is look at the collections with the highest volumes and rankings

The most popular collections that people invest in are Sandbox, Bored Ape Yacht Club and CryptoPunks. Each CryptoPunk is part of a set of 10,000 NFTs. The Bored Ape Yacht Club is very popular, partly because it’s been invested in by celebrities such as Steph Curry and Jimmy Fallon.

Sandbox is a Metaverse, where you can buy land. You can build on your parcel in Sandbox. You can also trade in-game items as NFTs on Sandbox.

For example, you can trade characters or avatars from games as NFTs. Game-based NFTs are usually very expensive. Keep this in mind as you arrange the collections by their floor price.

Always Check the Floor Price

When you’re flipping NFTs on Solana and OpenSea, remember that the floor price is the lowest price of an NFT in the collection. For example, for the Bored Ape Yacht Club, the floor price is 49 ETH. If I click on Buy Now, I’ll know which NFTs have a fixed price and aren’t on auction.

The Bored Ape Yacht Club has two NFTs that cost 49 ETH. The next one after that costs $50 ETH. So, if I buy one of the two at the floor price and resell it, I’ll make 1 ETH.

That’s the strategy that I like to use on OpenSea. I look for a collection where the cheapest or the two cheapest NFTs have a gap between them and the third or fourth NFT.

The person who is looking for the cheapest NFT will find your NFT. There’s a lot of potential for you to resell it and make a profit of 1 ETH. It’s equal to $4,000, which is enough to cover gas fees and commissions.

Polygon blockchain

Sometimes, when you click on a collection, you’ll see that the gap between the lowest-priced NFT and the next one isn’t that big. It might only be 0.01. That’s not enough to cover your gas fees. You won’t make a profit.

Always look at all the NFTs in the marketplace. You can find good opportunities in that way. For example, you can look at the filter that lets you select the Polygon blockchain.

The Polygon blockchain doesn’t have gas fees. So, whatever you make from each sale of an NFT on this blockchain is almost pure profit. When you look at all the collections on this blockchain, you can use the filters to select the minimum and the maximum sum that you’re willing to spend.

How much capital should beginners start with?

If you’re a beginner, it’s usually not a good idea to jump into the NFT market by purchasing the most expensive art. Instead, consider flipping NFTs in the range of $200 to $500.

If you also want to flip NFTs on the Ethereum blockchain, you’ll need to cover gas fees. So, you’ll need to budget for gas fees with every NFT you buy on that blockchain. A budget of $1,000 is reasonable if you want to flip NFTs on both blockchains.

There are also other fees to consider. For example, when you sign up on OpenSea, you’ll need to pay a one-time registration fee. You’ll synchronize your account with OpenSea at that point.

After you’ve registered, you can start looking at collections. I’ll click on TheGateKeepers collection to learn more about it. TheGateKeepers was the first project to have 10 properties and 527 traits on Polygon.

The NFTs are at a fixed price. An average of 20 of these NFTs were bought each week, so they’re popular. The next thing I always look for is a collection with a significant gap between the cheapest and the second NFT, third and so on.

After I checked, I found that there isn’t much of a gap between the cheapest NFT in TheGateKeepers and the one that’s next in price. They start at 0.0044 and the next that’s higher in price is at 0.0045. My profit would be 0.0001 ETH, which is almost nothing.

Flipping NFTs On Solana and OpenSea – Buy NFTs On the Minting Date

You can use another strategy to make a profit with NFTs. Try to buy NFTs as soon as they’re minted. For example, with the High Monkeys collection, you got the opportunity to buy NFTs from the collection at a low price during their pre-sale.

While flipping NFTs on Solana, OpenSea or Veve, the strategy is to buy the cheapest ones at the lowest price. So, try to buy NFTs on their minting date.

Always keep track of the minting date. Sometimes you can subscribe to the project’s newsletter so you’ll get information on the minting date that way.

Check the Size of the Project’s Audience

As I mentioned earlier in this article, you can also profit by flipping NFTs on Solana. In addition to avoiding gas fees, flipping NFTs on Solana also helps you because I think Solana is poised to increase in value just like Bitcoin.

If you look at the main page on Solanaart.io, you can find upcoming projects. You can also look at the number of followers these projects have on social media such as Twitter.

For example, ChimpFight.io that was recently minted, has 12,000 followers. CryptoPets has less than 10,000 followers but still more than 6,000. So, that’s pretty good.

It’s always a good idea to get to projects before the aftermarket. However, you should check whether their audience is increasing or decreasing. If their community is increasing, that means there’s a lot of interest in that project.

I’ll check social media to see how many people are involved in buying and trading these collections. I also learn whether the audience is increasing or decreasing.

There’s also a lot of potential to profit from a pre-sale. If you get one of those NFTs on the minting date, you can flip it at a profit quickly. Some people who missed the pre-sale will be willing to spend more money on aftermarket NFTs.

Flipping NFTs On the VeVe App

The VeVe App is another marketplace where you can flip NFTs. However, it’s really becoming difficult to find NFTs on their launch date by using this app.

As soon as you get the VeVe app, you can start collecting. They have new comics, collectibles and drops coming in almost every day. These come in at a specific hour. From my students in the United States, I’ve learned that it’s easy to get these NFTs there.

In Europe, especially in Bulgaria, where I live, it can be difficult to get these NFTs. They’re making contracts with large brands such as Spiderman, Hulk, X-Men and Dreamworks. So, you’ll find a lot of NFTs on VeVe that are associated with big brands.

When you’re flipping NFTs on Solana and OpenSea, you’re more likely to find original artwork from individual artists. Some of these artists might be well-known while others are upcoming.

VeVe Collections Are In Demand

Since VeVe has branded collections that have a large following, whenever they drop a collection, they immediately get lots of buyers. Thousands of people are willing to buy, so the Buy button just blocks.

In Bulgaria we don’t have super-fast internet. So, it’s almost impossible to buy one of those NFTs. They have cool rarities, such as Ultra-Rare, Uncommon and Secret Rare. Also, they sometimes present the option of purchasing from a blind box, where you won’t know what collectible you’re getting until after payment.

To get ready for a launch on VeVe, you’ll fund your account before. You can use the on-screen tracker to monitor how many seconds are left before the launch. When the Buy button comes on, you can click it. However, thousands of other people are also clicking it at that time.

Demand exceeds supply. So, the price goes up immediately. For example, an NFT that’s listed for $50 can go up by 10 times. If you manage to grab an NFT like that, you would make a huge profit.

Final Thoughts On Flipping NFTs On Solana and Other Marketplaces

In this article I’ve shown you the three marketplaces that I like to use for flipping NFTs. Flipping NFTs on Solana is my favorite but you should always do your own research and make your choices. If you have other suggestions about flipping NFTs for profits, please leave them in the comments below. Thank you for reading!

February 26, 2022
Bitcoin vs Ethereum vs Solana – Which One Is Better

When comparing the benefits of buying Bitcoin versus Ethereum versus Solana, people look at several factors. They assess each crypto as a store of value. They also assess it as a medium of exchange.

Bitcoin, Ethereum and Solana differ in their source of value. For example, Bitcoin’s value comes from its limited supply. As demand for Bitcoin increases, it’s price will also increase.

Ethereum and Solana are not limited. Their value comes from other factors. For example, Ethereum is used to develop apps for gaming, art and finance. This is why investors want ETH.

Bitcoin vs Ethereum vs Solana

Bitcoin, Ethereum and Solana are all in demand among traders. Day traders like these cryptos. That’s because they all change prices quickly enough for them to make a profit during the day.

People like all three cryptos

Investors put money into these cryptos. Some hope to hold them for years. These cryptos all increased a lot in value after they were first released.

Banks and other big investors purchase these cryptocurrencies. For them, Bitcoin is a store of value. Ethereum and Solana are frameworks for finance. Banks don’t want to miss out or be left behind.

Solana is very popular among traders. The cost of the crypto is low when compared to Ethereum and Bitcoin. However, it has huge growth potential.

That’s partially due to its high thoroughput. Solana can process 50,000 transactions in just one second. That’s much faster than Ethereum. In fact, Solana was designed for speed. Solana should grow to the point where it can process about 700,000 transactions per second.

It’s also easy to use for different applications. In this way, it’s a direct competitor for Ethereum. Solana is optimized for use cases that directly affect consumers.

For example, Solana can be used for gaming and NFTs. Solana is also a great option for micropayments. These are the factors that attract investors.

As mentioned in this article, there are already 400 projects on the Solana blockchain. All of these decentralized projects are successful. Solana is a fairly recent release and it already has roughly 25% of the number of projects that are on Ethereum.

Differences Because of their Purpose

Bitcoin, Ethereum and Solana have differences because of their purpose. They were all developed to work in different ways. They were never meant to perform the same functions.

Bitcoin is an alternative to national currencies. This crypto is designed to make money free from political interference. Bitcoin is also as a store of value.

Solana and Ethereum were not designed for these purposes. Solana was designed for speed. The platform was built in response to a growing need for fast blockchains.

Ethereum can act as a store of value. However, it was also built to enable smart contracts. Ethereum was also developed to support apps that use ETH.

Building Bridges

Some investors don’t think that Bitcoin, Ethereum and Solana are direct competitors. In fact, several players are working to connect Ethereum and Solana to traditional payment systems. DeFi has advantages. However, consumers benefit more if they have access to both systems.

Each of the three blockchains mentioned in this article has strengths. Similarly, each has weaknesses. This is especially apparent when they’re compared to each other.

Solana has a lot of potential. Despite that, it also has a few cons. These hurdles have stopped it from being used on a wider scale.

For example, Solana has a few performance issues. In the past, it’s also had outages. At present, Solana is less decentralized than Ethereum. This is a significant drawback.

People are attracted to Solana and Ethereum because of decentralization. A network that is more centralized has more problems. For example it’s more vulnerable to hackers.

Solana is currently thriving because it’s extremely useful for microtransactions. It could continue to perform well because of this strength. It’s also a good platform to use for NFTs.

Similarly, Ethereum has supply chain applications. It’s more robust than Solana. This makes Ethereum ideal for high-value transactions.

Bitcoin vs Ethereum

BTC and ETH are both popular cryptos. Bitcoin is second to Ethereum. That ranking is based on market cap.

Ethereum has applications far beyond Bitcoin. So, Ethereum has become more popular because of its flexibility. For example, Ethereum is used with NFTs.

Ethereum is also used with DeFi (Decentralized Finance). DeFi is primarily based on Ethereum. In addition, Ethereum has helped the Metaverse to grow.

Ethereum is used with DeFi

DeFi and Bitcoin vs Ethereum

DeFi is a financial system. It refers to Decentralized Finance. So, this system removes intermediaries. Transactions on the network look completely different from traditional transactions that have to go through several parties.

Generally, most transactions take place with a go-between. For example, lots of parties get involved every time you make a single purchase with your credit card. This includes your bank and the payment processor.

DeFi changes that framework. It relies on the blockchain. So, it’s a peer to peer system of finance. DeFi is available on all blockchains that are public. However, it primarily uses Ethereum.

There are many apps for users on DeFi. Ethereum is the framework for many of these apps. These apps are called decentralized apps (dApps). Since DeFi is relatively new, investors have to be careful with it.

Bitcoin does not have a strong association with many growth areas. For example, Bitcoin and DeFi do not have a strong connection. Ethereum has an association with DeFi that helped it to overtake Bitcoin in terms of growth.

Ethereum grew by over 530% in 2021. Bitcoin doubled in value during that time. While both did well, Ethereum did better than Bitcoin.

Difference in Transactions

Transactions on the Ethereum network are different from those on the Bitcoin blockchain. Ethereum transactions may contain executable code. This is why Ethereum has become known for smart contracts.

Transactions on the Bitcoin blockchain don’t have executable code. Smart contracts aren’t on the Bitcoin blockchain. Transactions on the Bitcoin blockchain might contain data. However, this data is used for note taking.

Network Speed

The Ethereum network is really fast. In contrast, the Bitcoin blockchain is slow. Alternatives to Bitcoin help to solve that.

Transactions only take a few seconds on the Ethereum blockchain. On the other hand, Bitcoin transactions usually take minutes. Developers like Ethereum for a variety of transactions because it’s fast. At least, it’s faster than the Bitcoin blockchain, so people don’t have to wait as long.

Ethereum vs Solana

Ethereum launched in 2015. On the other hand, Solana launched much more recently, in 2020. Both Ethereum and Solana are growing rapidly. Both cryptos performed well in 2021.

Ethereum has more projects than Solana on its platform. Ethereum has 3,000 projects. On the other hand, Solana has over 400.

These blockchain platforms might continue to grow in 2022. So, you might be wondering which one you should buy today. Should you buy Ethereum which has a proven track record? Or, should you buy Solana, which has been growing in leaps and bounds?

Solana has been growing in leaps and bounds

Proof of History

Solana uses Proof of Stake. However, it also has a unique algorithm. The algorithm tracks time. Proof of History is the name of this solution and it helps Solana to perform better than Ethereum in some ways.

Proof of History involves timestamps. The blockchain has these built into its design. Since Solana does this, it doesn’t have to refer to a centralized source for timekeeping.

Ethereum doesn’t use Proof of History. Instead Ethereum uses an outside source for timekeeping. These are programs that are not part of the network.

The programs assign a timestamp to each transaction. Ethereum checks those timestamps. That method helps Ethereum to validate transactions. Transactions always remain in order because of this system.

Solana has a Faster Network

App developers like fast systems. Solana has a faster network than ETH. Transactions have to be fast, accurate and secure. This makes Solana attractive to developers. It meets every one of those criteria.

It also means that over time, Solana could offer serious competition to Ethereum in several areas. For example, gamers may choose to use Solana instead of Ethereum. Similarly, Solana is a good choice for lots of daily financial transactions. The network’s speed makes it easy to do those everyday transactions quickly.

Traders shift their money to where the activity is. If traders think that’s Solana is in demand because of its usefulness, they’ll start to purchase it more. This will increase its market cap.

Lower Fees with Solana

Solana does more transactions than Ethereum per minute. That’s not the only difference in transactions with these two blockchains. Solana is also a cheaper network.

Ethereum has high fees. With ETH, you’ll pay a base fee to have miners verify your transactions. This fee increased because NFTs grew in popularity.

However, transaction fees are lower with Solana. These factors helped Solana to soar almost 12,000% in 2021. Currently, it’s the fifth largest crypto by market cap.

So, overall, Solana seems to be performing better than Ethereum in several areas. Although it launched in 2020, it’s already processing about 1,900 transactions per second. In contrast, Ethereum is so congested that it only processes 16 transactions per second nowadays.

Bitcoin vs Solana

Some investors think that Bitcoin and Solana are both good buys right now. Several people look at Solana’s growth potential. They compare that to its current price.

Solana is extremely fast. It’s much faster than Bitcoin. It also has low fees. This makes it attractive to app developers.

Solana is ideal for mining NFTs

Developers who are building apps for NFTs need a platform that’s quick. Solana is ideal for mining NFTs. That’s because it’s both cheap and quick. In fact, Solana has the best utility of the three platforms in this article.

Trust

Bitcoin has been around for a while. People in many nations trust it. Additionally, Bitcoin currently has the lion’s share of the crypto market. Generally, Bitcoin meets the criteria of most traders but you should always do your due diligence before investing in any crypto.

Investors often use fundamentals to assess cryptos. Bitcoin’s track record gives it a significant advantage. In comparison to Bitcoin, Solana is new. That makes some people hesitant about investing in it for the long term.

However, day traders or scalpers plan to enter and exit trades quickly. They consider fundamentals but rely more on technical indicators. So, Solana’s performance over the last 10 months won’t always affect their decisions.

Medium-term investors assess Solana based on its performance to date. Many traders give Solana the edge over Bitcoin because of its speed. Solana is scalable. Solana is also cheap, unlike Bitcoin.

Bitcoin vs Solana for NFTs and DeFi

Many people think that Bitcoin is valuable for storing their money. However, those investors wouldn’t put money in Bitcoin if they wanted to invest in the Metaverse. Bitcoin is costly, so it’s not a good choice for this area.

Solana and Ethereum are good choices for NFTs. The former is an even better choice than Ethereum. Solana outperforms the other two cryptos discussed in this article because of its speed.

SOL claims that it’s the fastest Proof of Stake blockchain in the world. This network is also scalable. This means that will always be a fast blockchain. Even if the network grows a lot, that won’t affect its speed.

Solana’s scalability also helps the network to keep fees really low. Low fees encourage shoppers to do peer to peer transfers.

Its competitors charge up to $65 for transactions. Solana’s fees are almost non-existent. Transaction fees on Solana will always be below $0.01.

Solana wants to be the most popular blockchain for crypto apps. Its work is paying off. Lots of NFTs have launched on this blockchain. In addition, Solana has partnerships with established companies like Opera Browser.

Solana has a higher block time and block size than Bitcoin. This is why Solana’s fees are so much lower than those for Bitcoin. Solana’s block time is only 0.4 seconds.

Solana’s block size is 20,000 transactions. Bitcoin’s block time is 10 minutes. Bitcoin’s block size is 4,000 transactions. Gamers and all other shoppers like speed. That’s why developers prefer Solana for gaming and other applications.

February 23, 2022