How to use Fantom (Simple)
To use Fantom Network for DeFi and swaps like SpookySwap, download MetaMask, set up a custom RPC, and then bridge Fantom via Multichain.xyz.
Cryptocurrency Basics
Cryptocurrency is a general name referring to all encrypted decentralized digital currencies like Bitcoin.
Cryptocurrency uses cryptography to create coins and secure transactions. Typically cryptocurrencies are open source with pubic, but encrypted, ledgers of all transactions based on blockchain technology.
There are a number of cryptocurrencies traded on cryptocurrency exchanges, and the growing popularity of cryptocurrency means that despite volatile prices, market caps and values are growing every year.
Popular cryptocurrencies include the original Bitcoin, Ethereum’s Ether, and Litecoin.
Cryptocurrency is legal and taxable in the US, but it isn’t legal tender (you can’t pay your taxes in Bitcoin, it is considered investment property). With that said, due to its infancy and history so far, cryptocurrencies should be invested in and used with their historical volatility in mind.
Click on any of the pages below to learn more about cryptocurrency.
TIP: If you are new to cryptocurrency, check out our guide to cryptocurrency for beginners.
How to Use Matic (Polygon Network) – Simple
This guide will walk you through using the Matic token and Polygon Network. Polygon is very similar to Ethereum but cheaper.
How to Use Binance Smart Chain (Simple Version)
Here is how to buy BNB and use Binance Smart Chain. The short answer is, download TrustWallet, buy or transfer in BNB (BEP-20), and then use the ‘browser’ to access PancakeSwap.
How to Buy and Sell NFTs
To buy a NFT, send ETH to a web3 wallet like MetaMask. Then, connect your wallet to the NFT’s website, or a marketplace like Nifty, OpenSea, or Rarible. Next, buy or bid on the NFT you want.
GBTC’s Premium Went Negative!
GBTC, which often trades at a high premium traded negative today. Right now, BTC is at $48k and Grayscale is trading under $45.
Square Buys $170 Million BTC
Square bought 3,318 more bitcoins for a total of $170 million. This follows a previous purchase and recent purchases by Microstrategy and Tesla.
Failed Transactions on Ethereum
When a transaction fails on the Ethereum network, you are still charged. Transactions fail when there isn’t enough gas to pay for a transaction, or a smart contract rejects a transaction.
What is DeFi?
DeFi is short for Decentralized Finance. DeFi describes decentralized lending, borrowing, and interest-bearing systems like Maker and Compound, most of which are Ethereum-based.
Speed Up Slow ETH Transactions By Adding Gas
You can speed up slow ETH transactions by adding GAS to a transaction. This can be a smart move if the network is congested and you want your transaction to settle quickly.
How Do Ethereum Transactions Work?
We discuss everything you need to know about how Ethereum transactions work. We cover how to send ETH, how to add tokens, and more.