Learn what gas fees are in crypto and how they impact blockchain transactions. A beginner-friendly guide to understanding crypto transaction costs.

A big thing for a beginner to understand when stepping into cryptocurrency is the fees. This article will give you simple knowledge on comprehending and navigating transaction markets on highly reputed blockchains like Ethereum.  By the end, you will not only know 

'What is the best time for ETH gas fees?'

 and 'What do transaction chains entail?' but also 'When are ETH gas fees likely to drop so you can lessen the cost of transactions?'.

The gas fee is a cryptocurrency transaction fee paid to process transactions on a blockchain network. It is paid to the miners/validators who try to verify a transaction and then officially record it on the blockchain network.

Every blockchain sets gas fees differently, with Ethereum (ETH) leading the way in using gas charges. Gas is essential for any network operation, including transferring tokens, interacting with dApps, and calling smart contracts.

Gas fees are necessary because validators (miners/stakes) must be incentivized to process and verify transactions accordingly. Validations are decentralized and do not adhere to one central authority watching over transactions. Gas fees compensate validators for the resources consumed in validating the transaction, including processing power, time, etc.

Without gas fees, the system could be prone to abuse and network congestion, potentially undermining the integrity of the blockchain. This is why we emphasize that gas fees play a crucial role in maintaining a safe and efficient network, ensuring the reliability of your transactions.

Generally, the amount one pays in gas fees is derived from two values: gas price and gas limit.

The gas price is the amount you specify you are willing to pay per unit of gas. Gas prices are usually quoted in Gwei, an ETH subunit. They fluctuate depending on the number of blocks available or occupied. The demand for transactions is normally directly proportional to the number of blocks, and congestion leads to a gas price hike, making sending more expensive.

Gas Limit refers to the maximum amount of gas you wish to use in your transaction. Because of the processing power involved, a simple send operation in ETH would require a lower gas limit than complex smart contract executions.

You can automatically reduce the amount of gas necessary to execute activities and offer a gas price and cap when wallets initiate the transaction. Meanwhile, you can increase or decrease these figures to value speed and efficiency.

A time when the least gas is used best suits when the Ethereum network is relatively less congested, usually during off-peak hours. However, gas fees typically vary, depending on the time of day and the overall user engagement with the network. For example, the high demand for applications in the decentralized finance (DeFi) sector, non-fungible tokens (NFTS), and large updates within Ethereum can cause huge spikes in gas fees.

The rates vary throughout the day but are usually the lowest. These are typically late into the night when most consumers in the main markets (e.g., the U.S. and Europe) sleep. At the time, the smaller the number of operations related to the ETH network, the lower the gas price-for-the-money possibility and speed of the transactions happening.

Many existing tools, including ETH Gas Station or Gas Now, enable users to interact with real-time gas price tracking to determine the best time to send transactions. These are the tools that provide average gas prices for a transaction, allowing possible insights towards figuring out when it's cheaper to send ETH.

Several factors influence gas fee prices, including:

Network congestion occurs when more users interact with the blockchain (e.g., during major DeFi events or NFT launches). This increases the demand for transaction processing and leads to higher gas fees. Conversely, when there are fewer transactions, gas prices tend to decrease.

 Some wallets and decentralized applications automatically suggest gas fees to users. You can choose a lower gas price and wait for your transaction to be processed or pay a higher cost for quicker processing.

Upgrades meant to improve scalability and transition Ethereum from proof-of-work consensus mechanisms to proof-of-stake, thus helping reduce fees. Ethereum 2.0, called the Ethereum Merge, will lower gas costs shortly.

While some decentralized applications are related to DeFi, these and other dApps strain the Ethereum network, resulting in high fees.

You will be monitoring dApp activity if you plan your transactions.

To steer clear of being under the weight of high fees due to gas, the following advice applies to users:

Layer 2 solutions, such as Optimism and Arbitrum, are built to offer scalability off-chain and considerably reduce gas costs. These solutions work by processing transactions off the Ethereum main net, drastically reducing the amount of gas paid. This is a popular strategy for reducing gas fees, especially during high network congestion.

 One way to accomplish this is to use real-time tools that track your gas usage. Analyzing when low-cost times can be scheduled ensures that your congestion is minimal or off-peak.

Some users utilize gas tokens, such as Chi Gastoken, to lower the cost of gas when congestion is high. Gas tokens allow users to buy gas in advance when the prices are low and redeem it during peak times. This may be especially useful to those who want to lock in lower gas prices for future transactions.

Certain wallets, like Metamask or Trust Wallet, allow users to modify their gas fees. While sending a transaction through these wallets is generally less costly, the downside is a longer wait time. Traders who wish to control their gas fees and are prepared to give up speed for savings typically use those wallets.

Gas fee optimization can save average crypto users more often, especially when speaking of those trading on Ethereum or doing DeFi or NFT interactions. Knowing how to navigate through the gas fees for ETH at any given point and when to use a low-cost alternative like Layer II can help you significantly minimize your transaction.

Gas fees, of course, are an important feature of the Ethereum network that upholds integrity and security in blockchain transactions. The future of Ethereum, on the other hand, along with all the newness like Ethereum 2.0, means lowering gas fees and improving scalability. Until then, being conscious of when ETH gas fees go low, using optimization tools, and utilizing Layer II solutions are great steps toward a cost-effective transaction for a smooth crypto experience. Also, we have learned about

 can provide helpful features that reduce transaction fees, ensuring users pay as little as possible while interacting with the crypto market. Optimizing your gas fees maximizes your investment and saves substantial amounts in the long run.

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What Are Gas Fees in Crypto? A Beginner’s Guide to Understanding Blockchain Transaction Costs

Discover Lido, a liquid staking solution for Ethereum, enabling users to stake ETH and earn rewards while maintaining liquidity in the ecosystem.

The company's demand for effective staking solutions has significantly increased since the entity evolved into Ethereum 2.0, a consensus mechanism through Proof of Stake. Lido (

) is at the forefront of all decentralized staking protocols, working to make it easy to stake Ethereum and, in general, other blockchain networks. 

, how the Lido service works within the Ethereum ecosystem, and why such a platform is particularly useful for interested users seeking high-quality, reliable staking options.

Lido is a liquid staking solution where users can stake their assets without locking up cryptocurrency or associated infrastructure. This allows one to gain rewards from staking in markets while making trades or using the staked asset in DeFi applications.

LDO, being the governance and utility token, would play an important role in the operation and decision-making of Lidos.

made staking easy, intuitive, and accessible for all users-both beginners and professionals.

Lido streamlines staking for customers by combining their deposited funds and locking them in a group of professional validators. Here's how it works:

When users lock in their ETH (or other supported cryptocurrencies) through Lido, they obtain stETH tokens as a receipt for their staked ETH. The tokens represent your locked assets and can be used in many DeFi applications to add liquidity and flexibility to the staking process.

Lido disperses your staked funds across multiple professional validators, ensuring their safety. It reduces the risks of centralization and single points of failure.

Rewards from staking are calculated and distributed daily as increased balances in stETH, meaning your rewards are automatically included in your holdings.

Lido swap connects with DeFi interfaces, allowing users to trade, lend, or leverage their strengths. A user can even swap stETH for ETH and vice versa.

Now that Ethereum has moved to PoS, staking has become the core network security method. The problem, however, with traditional staking is that one has to lock up 32 ETH — a rather big number for most investors. 

solved this by enabling users to stake any amount of ETH and get liquid staking tokens.

The stETH token issued by Lido offers several advantages:

Traders can liquidate stETH on DEXs such as Uniswap or Curve Finance.

stETH tokens earn rewards daily based on the actual staking reward the underlying assets generate.

Unlike traditional staking, this stETH token allows users to maintain liquidity while engaging in other DeFi activities.

Unlike Ethereum's traditional staking process, Lido allows users to stake any amount of ETH for staking purposes.

Reward distribution is seamless because staking rewards are automatically distributed daily and appear in the balance of the user's stETH.

This integration with DeFi platforms enables users to achieve maximum utility from their staked tokens.

Lido uses a decentralized validator network to secure funds, which means the slashing risk is as low as possible.

 is a platform that offers liquid staking across various blockchain networks like Ethereum, Solana, and Polygon. It has earned the trust as a decentralized infrastructure with governance, thus offering the perfect solution for staking enthusiasts.

Improved Liquidity: Lido gives liquidity to the staked assets by providing stETH, enabling users to utilize their holdings in DeFi.

No need for expensive hardware or a 32 ETH minimum requirement.

: Users can earn staking rewards without affecting their trade capacity or investment in DeFi opportunities.

makes it easy and rewarding for users to stake ETH or other cryptocurrencies.

As of January 2025, here are the important metrics of the Lido ecosystem.

 Over $14 billion across Ethereum, Solana, and Polygon networks.

Active on major DEXs like Uniswap and Curve.

For live updates and staking opportunities, platforms like Zoomex provide real-time analytics and trading tools for LDO tokens.

Lido (LDO) makes staking on the Ethereum platform more accessible, flexible, and rewarding. Through seamless DeFi integrations, liquid staking has blessed users by providing them with the best of both worlds: rewards from staking and liquidity. 

 is a friendly and secure Ethereum and other asset staking for seasoned crypto users and new investors.

As Ethereum continues to advance, Lido's function in streamlining staking and expanding DeFi opportunities will grow. Participate in

 for rewards and towards decentralization and security of blockchain.

With real-time updates and competitive rates, 

 will be your best partner and guide you through this dynamic crypto-staking world. Zoomex provides the necessary tools and analytics to make smart decisions about buying or trading your LDO tokens safely and effectively.

What is Lido, and how does it work in the Ethereum ecosystem?

Learn the basics of Dollar-Cost Averaging (DCA) in this beginner's guide and discover how to invest smarter with less risk over time.

Cryptocurrency and traditional market volatility can make investing so overwhelming. Enter the reliability of Dollar-Cost Averaging, or 

, a strategy that makes investing simple and incredibly minimizes risks of market timing. Here is what DCA means in crypto, how it works, and why it may be the smart choice for beginner and seasoned investors.

Dollar-cost averaging is a form of investing strategy in which a large lump sum is invested over a period as small, repeated purchases. This contrasts an all-at-once investment at the prevailing price, whose amount is already known and implemented simultaneously.

In crypto markets, price volatility dictates when traders buy their coins; when the price is low, they buy more, and when the price is high, they buy less. Thus, the purchase cost will be smooth over time. This is the easiest explanation of 

How does a dollar cost average look in a graph? Let's see an example to work it out:

Consider committing $100 a month to investing in Bitcoin for six months.

At the end of six months, you would have invested $600 and bought 0.03062 BTC at an average cost of $19,588 per Bitcoin, cheaper than some of the monthly individual prices.

This approach saves you from investing a big amount at the peak time of the market.

How Does a Dollar-Cost Average Look in a Graph? 

investment graph generally portrays steady investment growth over time. In contrast, a lump sum investment graph often shows drastic value spikes or dips.

If the market is very volatile, the DCA graph will tend to be smooth, indicating continuous investments at varied price levels.

On the other hand, massive swings are normally seen in a lump sum investment graph, which depends on the time when one invested.

When prices decline, your steady investment purchases more assets, lowering the average price.

The chart illustrates steady growth when prices increase, as the earlier investments were made at lower prices.

Yes, DCA is a risk-averse strategy for investors. Studies have shown that it outperforms lump-sum investing during periods of high market volatility.

A hypothetical DCA strategy applied to Bitcoin during the 2022 bear market:

Investing $100 monthly from January to December resulted in a 15-20% portfolio growth by early 2023 despite the year’s overall negative sentiment.

You’re not tempted to buy high during euphoria or sell low during panic.

 Markets are unpredictable, and DCA ensures you’re always in the game.

 Regular investments encourage a systematic approach to wealth building.

 is yes. Whether new to crypto or looking to invest in traditional markets, DCA is a reliable way to navigate uncertainty.

However, DCA needs to be paired with realistic expectations. More Important Considerations:

Historical analysis shows that DCA into Bitcoin since its inception would yield an average annual ROI of 230%.

For Ethereum, a similar DCA strategy from 2017 to 2023 averaged a return of 130% annually.

 Platforms like Zoomex have auto DCA, which enables users to schedule recurring investments in Bitcoin, Ethereum, and several other cryptos automatically.

Decide on an amount you will invest at an assigned interval, such as weekly or monthly.

You can stick to the big two—Bitcoin and Ether—or diversify into some promising altcoins.

Monitor Performance: DCA decreases the burden of monitoring as much as possible yet periodically monitors the portfolio and corrects it according to changes in the market.

As one of the most popular cryptocurrency platforms, Zoomex renders DCA approachable for new and old users of all proficiency levels.

on Zoomex to ensure that the investment experience goes smoothly and that security is intact throughout the journey.

Future of dollar-cost averaging in Crypto

Given the maturing crypto market, DCA becomes one of those cornerstone strategies every investor will adopt:

Dollar-cost averaging is a strategy that has endured. Investing fixed amounts at regular intervals reduces risk, steadily builds wealth, and allows for navigation through market uncertainty.

accessible and efficient, offering the tools and insights necessary for successful investing. And with the rapidly evolving crypto market, DCA will remain one of the smarter options for anyone looking to invest responsibly.

What is Dollar-Cost Averaging? A Beginner’s Guide to Smart Investing

Learn what FDV means in crypto with our beginner's guide to Fully Diluted Valuation. Understand its importance for evaluating cryptocurrency projects.

The whole crypto world is backed with various terms that often leave beginners needing clarification. However,

 is one of the jargon mostly thrown around; it means a concept that is used to value a little cryptocurrency. Since this differs from regular market capitalization, one must know what FDV means in crypto to understand the investment worth of crypto assets. This blog aims to open the mystery of what FDV means in crypto, the gaps between 

, and why FDV again becomes an important metric.

Fully diluted valuation, likewise known as FDV in cryptos-copy, provides the full value of a cryptocurrency, assuming all potential coins or tokens are issued and sold at the current market price. This presumes a valuation based on the prediction that there will someday be enough coins available to mint all the possible coins. 

FDV = Current Token Price × Total Token Supply (including locked or unissued tokens)

If a cryptocurrency has a current price of $2 and a maximum supply of 1 billion tokens, its FDV would be $2 billion.

FDV provides investors with an idea of the future value a cryptocurrency may be able to generate if all tokens were in circulation.

are related, they differ in the scope of tokens considered:

Calculated as Current Price × Circulating Supply.

Gives the value of tokens currently present in the market.

Suppose a cryptocurrency has a circulating supply of 500 million tokens at $2 each, then its market cap would be $1 billion.

Consider the full token supply, including locked-in vesting schedules or those that still need to be issued.

Shows the potential market size when all tokens are available.

The FDV would be $2 billion if the same token price of $2 were used and there were a total supply of 1 billion tokens.

FDV helps forecast the potential valuation of a cryptocurrency if all tokens are issued. It is an important tool for investors to compare different projects based on total supply.

The high number of tokens yet to be issued, as inferred by the difference between market cap and FDV, indicates inflationary pressure on the token price that may affect returns.

Understanding FDV illuminates the token distribution mechanism, such as the number of tokens allocated for development, marketing, or staking rewards.

An FDV much higher than the market cap might signal overvaluation, as the token's current value assumes unrealized growth.

In 2024, many top cryptocurrencies demonstrated significant differences between their market cap and FDV, reflecting varying token issuance mechanisms:

FDV: $625 billion (close to its market cap due to a predictable supply schedule).

FDV: $470 billion (slightly higher because of staking rewards).

Many newer tokens present an FDV 2x or 3x higher than their market cap, which increases the risk of dilution as the tokens are issued.

Benefits and Drawbacks of the Application of FDV in Crypto Analysis

 Provides a full-scale view of the potential size of a project.

This helps investors understand if the growth of the token matches the supposed supply.

This warns against the risks of token release schedules.

FDV can overestimate value in cases where projects do not deliver.

Vesting schedules could lock up tokens for several years before they are released, making FDV less timely.

Not all projects need to clearly present their tokenomics, which can lead to miscalculations of FDV.

Zoomex is a crypto trading platform that makes otherwise complicated metrics like FDV for investors easier to understand in the following ways:

 Zoomex offers real-time tracking of FDV, market cap, and token supply for major cryptocurrencies.

 Users can analyze the effects of future token releases on their portfolios.

 With guides on metrics like FDV, Zoomex equips users with the knowledge to make smarter trading decisions.

, and how it compares to market cap is important for evaluating the long-term value of digital assets. FDV gives a glimpse of potential, but it must be used alongside other metrics, such as market cap, tokenomics, and project fundamentals.

 make it easier for investors to navigate complex crypto concepts, ensuring informed decisions in a rapidly evolving market. Whether you’re curious about what FDV means in crypto or assessing the fully diluted market cap of a token, the right tools and knowledge are crucial to success in the crypto space.

What Is FDV in Crypto? A Beginner's Guide to Fully Diluted Valuation

 Learn about Bitcoin Halving and its impact on crypto prices. Understand how it affects Bitcoin's supply, demand, and investment potential.

While national central banks pay attention to the issues concerning the availability of fiat currency, the supply of Bitcoin is defined and immutable. Only 

 will ever be mined in total. Today, there are less than 

 have already been mined, and each time, the Bitcoin protocol had to change and then reduce the newly issued coins, which miners could receive at any given time.

According to experts, one of the essential characteristics of Bitcoin is its limited supply and the mechanism of its issuance.

This is why Bitcoin is labeled a store of value and more gold-like than fiat currency because of its ability to keep the world's most popular cryptocurrency in the news.

Halving reduces the supply of new bitcoins, and theoretical price increases should occur. If an asset's demand has remained stable yet its supply has decreased, then the price will increase- this is an economic axiom. This reduction happens 50% every four times the payout to mine Bitcoin halves.

The halving policy introduced the scarcity and inflationary functions into the Bitcoin mining algorithm. Assuming that demand does not change, the price of Bitcoin should be appreciated because the rate of issuance is slow.

The inflation rate on Bitcoin today is less than 2%, and it will continue to decrease going forward with the occurrence of more halving. It is the finiteness defined by its scarce production because reward deceleration limits its supply. Also, an upward price with limited supply raises the demand and can attract investors to Bitcoin.

The decentralized network of verifiers verifies all Bitcoin transactions through mining. On May 6, 2024, these verifiers were paid 3.125 BTC, approximately $65,207.50. They also add the first set of transactions into the Bitcoin blockchain under the proof-of-work mechanism using complex arithmetic.

Miners always add new blocks of transactions to keep the Bitcoin network running. Every ten minutes and change, a new block of transactions is created, but after every 210,000 blocks, the Bitcoin code dictates that the miners' rewards should be cut in half. This occurs every four years when there is more Bitcoin price volatility.

Does the Price of Bitcoin Change Because of the Bitcoin Halving? 

The rate for Bitcoin halving was lowered from 

 mined per block, almost a month after the all-time high of $73,750 for Bitcoin on March 14, 2024.

That helped little to sway the average investor since the price per unit was the same at 

. As of May 3, 2024, noon IST, the market price for one bitcoin, or 1 BTC, was 

While the miners' reward drops proportionately without any drop in demand, the rate of new issues of coins decreases. If the economic theory has been so far for Bitcoin, then the supply shock must have increased prices considerably. Yet, it is still arguable whether the price that has typically been seen to happen around every halving was a response to the halving itself.

This will allow miners to process more Bitcoin transactions at higher prices.

The first was in November 2012, the last in May 2020, and the last in July 2016. When Bitcoin was 

, the mining or subsidy was at 50 BTC per block. Every new halving causes a reduction by half. For example, in the first halving, the reward of mining Bitcoin is reduced to 25 BTCs per block.

Around the year 2140, there would be the last halving. Then 

 Bitcoins shall be within the economy, and no other ones shall be mined from the ground. After that, miners shall only receive transaction fees as compensation. The following halving event can cause miners to redirect their processing power on Bitcoin transactions as a form of recapture on lost transactions. The experts believe the network will not be very secure if the number of miners decreases.

The Bitcoin protocol requires halving after a set number of blocks have been mined. Expert opinion suggests that the next time this would occur would be 

, but that decision falls into the people's hands.

The experts add that the very predictability of

was a reason to avert the shock to the network. This does not mean, however, that the next Bitcoin halving will not trigger a trading spree. Price movements for Bitcoin before and after a halving have been significant in the history book. "

But after a few months, the price of Bitcoin usually jumps significantly.

While many other factors drive the crypto asset's price, after the initial coin volatility dies down, the halving events are favourable for the cryptocurrency as a whole.

Going into the next Bitcoin halving, one should be cautious as diminished mining action may even result in a flattening price. However, scarcity can indeed trigger growth in the price.

Investors should focus on the growth in the network at large rather than the dates of the occurrence of halves. So long as the network grows, the chance that Bitcoin will realize its promise as a worldwide store of value increases.

Thus, understanding Bitcoin's halving is essential for us as investors in the vast cryptocurrency landscape. Since these come with a predictable schedule and affect supply to mean levels, creating unique opportunities and challenges, their events will bring down the miners' reward. We'll need to pay heed to the volatility of prices and recognise the long-term value scarcity can bring to Bitcoin.

As we approach the next halving, we should remember to focus on the growth of the total Bitcoin network. A healthy and growing system will increase Bitcoin's potential as a store of value and demand for more investments.

stand ready to help you keep up with these significant events and their implications for your investment. Let's take this thrilling ride together and seize the opportunity that will arise from the full realization of Bitcoin.

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Bitcoin Halving: What It Is and Why It Matters for Crypto Investors

Learn about common cryptocurrency scams and simple steps to protect your investments. Stay safe while navigating the world of crypto.

With this ruthless changing of the competition, scammers are always searching for new means of fraud as opposed to people, and the sudden emergence of cryptos in the recent past has created ample opportunities for fraud. Indeed, cryptocurrency crime hit an all-time high in 2021 as 

 in cryptocurrency was stolen, Chainalysis, a blockchain data company, reported. Knowing the dangers surrounding cryptocurrencies is important if you have a keen interest in such a thing. Learn more about some of the most prolific cryptocurrency scams and how to avoid them.

Crypto scams come in a lot of different forms. Among the most typical are:

Sometimes, scammers fabricate phony Bitcoin wallets or trading sites to deceive gullible people. Usually, these phony websites have domain names that are somewhat similar to the websites they are trying to imitate. They resemble genuine websites so much that it is challenging to distinguish between them. False cryptocurrency websites typically function in one of two ways:

 Any information you provide, including the password and recovery phrase for your cryptocurrency wallet as well as other financial data, is obtained by criminals.

It is as simple as theft; you can take out a small quantity of money from the website first. As your investments look to perform well, you might invest additional money in the site. But, the website either closes down or rejects your attempt to withdraw your money later on.

Phishing scams targeting cryptocurrency frequently target data related to online wallets. Private keys for cryptocurrency wallets, which are needed to access funds within the wallet, are the target of scammers. They operate in a manner akin to earlier phishing attempts and are connected to the fictitious websites mentioned above. They send an email enticing users to visit a website that has been specially made and request private critical information. After gaining access to this data, the hackers take advantage of the Bitcoin stored in those wallets.

This is when scammers use social media platforms like Facebook, Twitter, and Telegram or send an email blast to promote a specific coin or token. The price rises as traders race to purchase the coins since they don't want to miss out. The scammers sell their assets after successfully raising the cost, which precipitates a crash as the asset's value plummets. This may occur in a matter of minutes.

Scammers also frequently use phony apps that are accessible for download on Google Play and the Apple App Store to deceive cryptocurrency investors. Even though these fraudulent programs are swiftly discovered and eliminated, numerous business bottom lines are nevertheless being impacted by them. Thousands of individuals have downloaded false cryptocurrency apps. 

To gain the attention of possible victims, 

 occasionally assume the personas of celebrities, businesses, or influencers and make claims about their support. This occasionally entails pitching inexperienced investors on phantom cryptocurrencies that don't exist. Sophisticated websites and pamphlets pretending to have celebrity endorsements from well-known figures like Elon Musk are used in these sophisticated scams.

Here is when scammers engage in what is referred to as a giveaway scam, where they guarantee to match or multiply the cryptocurrency delivered to them. Asserting credibility and urgency with shrewd messaging from what appears to be a legitimate social media account is shared. People may send money rapidly in the expectation of receiving a prompt return as a result of this purported "once-in-a-lifetime" opportunity.

Blackmail is another tactic used by scammers. They threaten to expose the recipient unless they reveal private keys or send cryptocurrency to the scammer in emails. They pretend to have a record of the explicit websites they visited.

Cloud mining refers to businesses that let you hire their mining hardware in return for a set charge and a cut of the money you intend to make. Theoretically, this enables remote mining without the need to purchase pricey mining equipment. Nevertheless, a lot of cloud mining businesses are frauds or, at best, inefficient, meaning that you lose money or make less than expected.

Start-up cryptocurrency firms can finance their ventures through an initial coin offering or ICO. Those with available active cryptocurrencies, say Bitcoin or any other active cryptocurrency often get a discount on the new coins. So far, several instances of ICOs have turned out to be scams, with scammers resorting to extreme measures to convince the investors—renting fake offices and printing lavish marketing materials, for instance.

How to Avoid falling youself to Bitcoin Fraud?

A lot of cryptocurrency scams are clever and convincing. You can take the following actions to safeguard yourself:

 You need a wallet with private keys if you want to invest in cryptocurrencies. To take part in an investment opportunity, if a company asks you to provide your keys, it's probably a hoax. Don't share your wallet keys with anyone.

 Send a modest amount the first time to verify the authenticity of a cryptocurrency wallet program. Should you observe any questionable activity while updating your wallet app, stop the update and remove the application.

If the type of cryptocurrency you are trying to track does not make sense, then it is best to wait and further research it before investing in that.

 Scammers often try high-pressure tactics to get you to invest your money quickly. They may offer premiums or discounts if you invest immediately. Take your time and research before putting a penny down on any investment.

 A lot of crypto Ponzi schemes are promoted through social media. They may be fake and spurious through unlicensed photos of stars or established companies, or tout something too good to believe-freebies or cash. If you see advertisements for any cryptocurrencies on your social media, keep your healthy skepticism and always do your due diligence.

 If someone calls you out of the blue and offers to sell you an opportunity to invest in a cryptocurrency, it's probably some sort of fraud. You should never give such a person your details or your money.

What Are Gas Fees in Crypto? A Beginner’s Guide to Understanding Blockchain Transaction Costs

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What Are Gas Fees in Crypto? A Beginner’s Guide to Understanding Blockchain Transaction Costs

What is Lido, and how does it work in the Ethereum ecosystem?

What is Dollar-Cost Averaging? A Beginner’s Guide to Smart Investing

What Is FDV in Crypto? A Beginner's Guide to Fully Diluted Valuation

Bitcoin Halving: What It Is and Why It Matters for Crypto Investors

Common Cryptocurrency Scams and How to Avoid Them

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