Our weekly crypto derivatives analytics report delves into macro events; the current state of crypto and trading signals from spot trading volume; and futures, options and perpetual contracts.

At the start of the week, Bitcoin showed signs of decoupling from US equities. However, US president Trump's positive remarks about the US-China trade war (which had included a 145% tariff on Chinese goods) triggered a relief rally across markets. As a result, BTC has resumed moving up with US equities. 

This rally has led to a rise in short-tenor implied volatility and a recovery in BTC’s put-call skew, indicating that traders are seeking upside exposure.

Please check out the report’s highlights.

Perp open interest rises across the board

Perpetual open interest increased significantly this week across various tokens, especially ETH. Perpetual trading volumes also rose. Notably, Ap 7, 2025 recorded the highest trade volume of the month, following Trump's comment, "Forget markets for a second, we have all the advantages."

BTC option open interest shows a mixed picture; put-call skew in short tenor sends positive signals

President Trump’s recent willingness to negotiate a trade deal with China’s President Xi triggered a relief rally across asset classes, including crypto. Bitcoin had already risen 7% since Apr 21, 2025, prior to Trump's comments. Despite this rally, open interest in puts has outpaced calls, with options volume remaining relatively balanced. 

It's unclear if the demand for puts reflects a hedge against downside risks, or a bet against the upward movement. Meanwhile, perpetual funding rates are providing limited insight into sentiment. However, the recovery of the put-call skew at short tenors indicates that traders are seeking upside exposure to the rally — and are willing to pay for it.

ETH unexpectedly outperforms BTC in this relief rally

ETH's response to the recent crypto market recovery has diverged from previous trends: it outperformed BTC in spot prices, a rarity in past rallies, and open interest in calls exceeds that in puts — opposite to BTC's trend. In addition, ETH call open interest is nearly double that of puts, with calls dominating options volumes. This suggests traders anticipate ETH will reduce its significant underperformance against both BTC and other “ETH killers” like SUI and SOL. Additionally, the spot rally has led to another term structure inversion for ETH.

Advanced

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Bybit X Block Scholes crypto derivatives analytics report (Apr 24, 2025): Put-call skew recovers at short tenors, showing reviving sentiment

Explore all the hottest Bybit events happening during the week of TOKEN2049 Dubai in this article.

It’s that time of year again — TOKEN2049 Dubai is back, and the city is buzzing with excitement. As one of the most anticipated events on the crypto calendar, it’s not just about the main conference; it’s about everything happening around it, too. From side events and workshops to exclusive mixers and demo days, Bybit is showing up in full force this year. Here's your inside look at what to expect during this action-packed week.

The heart of TOKEN2049 Week, TOKEN2049 Dubai promises two full days of future-facing discussions and innovation in the world of crypto. At the center of it all is Bybit’s immersive booth experience, built on the theme 

. It’s not just a theme — it’s a vibe. Picture claw machines, 

If you’re heading to TOKEN2049 Dubai, be sure to drop by the Bybit booth (located at P33) and chat with our extraordinary Bybit team! And don’t miss your chance to grab a gacha token by scanning our QR code with Bybit Pay. You could walk away with exclusive Bybit merch! 

DMCC x VARA: Crypto regulations and business growth

Policy meets progress at this exclusive evening event co-hosted by DMCC and VARA. This gathering brings together regulators and industry leaders for an open discussion on the future of digital asset compliance and business growth in the region.

You can expect sharp insights, candid perspectives and forward-thinking dialogue about what it really takes to scale a crypto business in a regulated environment. If you care about the future of web3 in the UAE, this is one event to mark on your calendar.

Bybit After Hours: Exclusive Insights & Networking 

 is a private cocktail evening for top-tier traders and long-time supporters of Bybit. This event is equal parts networking, knowledge sharing and celebration.

 to strategic conversations with the Bybit team, this night is tailored to those who trade big and think bigger. With an invite-only guest list, it’s set to be one of the most exclusive experiences of the week.

The Crypto Hub x Bybit Crypto Ark Demo Day

 is all about bringing hands-on energy to the web3 scene. Hosted at the Crypto Ark inside Bybit’s office, this event welcomes founders, devs and crypto creatives for a casual evening of product showcases, idea exchange and light networking.

While Bybit provides the space, the real spotlight is on the community — those shaping the next wave of innovation in web3.

 from across the CIS region are gathering for a deep dive into the tools, tips and strategies that drive growth at Bybit. This meetup goes beyond surface-level sharing — expect actionable workshops covering our Bybit Affiliate program and affiliate best practices.

It’s also a chance to hear directly from Bybit product leads and regional managers, share success stories and walk away with fresh ideas to maximize conversions. 

Wunderbit x Bybit: “Hey, Trading Bot, where is my profit?”

 are here to stay — and this event is going deep into what makes them tick. Co-hosted by Wunderbit and Bybit, the evening workshop blends honest stories from real traders with expert insights on how to avoid common automation pitfalls.

From bot setups that work to the ones that quietly drain your profits, this is your chance to ask the tough questions, hear unfiltered answers — and maybe rethink how you’re running your own bot strategy.

 (RWAs) are taking center stage at the RWA Gulf Summit, a high-powered event co-hosted by Qatar National Bank, Commercial Bank International and DMZ Finance. This summit brings together bank leaders, wealth funds, participants in DIFC, institutional investors and industry pioneers to explore the evolution of tokenized finance in the Middle East and beyond.

Bybit’s Head of Financial Products Jerry Li will take the stage to discuss how 

 (CEXs) can harness RWAs for enhanced yield and 

Dubai's Pinnacle Mixer: Mantle, Mirana, Bybit and Ethena

High above the city, this mixer brings together some of the biggest names in web3 — Mantle, Mirana, Bybit and Ethena. Expect an unforgettable evening of casual chats, cross-chain connections and cocktails with the minds behind some of today’s most innovative projects.

This private event is all about experiencing Bybit Pay in action. See interactive demos, grab a sneak peek at upcoming partnerships and network over bites and drinks. It’s a rare behind-the-scenes look at the way Bybit is shaping the future of crypto payments. 

Wrapping up the week is the Bybit Institutional Symposium — a full-day event dedicated to aligning strategies with institutional clients and forging new collaborations. From macro views to product deep-dives, this conference is built to spark big conversations among serious players.

The day concludes with a gala dinner, a fitting finale to a week in which ideas, connections and innovation have taken center stage.

Intermediate

Bybit Learn Highlights What to Expect at Bybit

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Highlights: What to expect at Bybit (Apr 28–May 2, 2025)

Balance (EPT) is revolutionizing web3 gaming with evolving AI companions, blending blockchain, strategy, and intelligent gameplay in one powerful platform.

Artificial intelligence (AI) agents are a key growth area within the blockchain industry. Projects like Artificial Superintelligence Alliance (FET), 

 (AI16Z) and countless others have been essential components driving the overall crypto market. As of April 2025, the CoinGecko portal lists more than 500 cryptocurrencies within its category of AI Agents. These intelligent assistants are now helping individuals and businesses analyze markets, create textual and visual content, automate work processes and trade profitably.

There's a further area where AI agents on the blockchain are flourishing: the world of 

 gaming. In this sphere, bots and agents based on AI algorithms are helping users develop the best in-game strategies, succeed in the competitive world of play-to-earn (P2E) and overcome key challenges in complex gameplay.

Balance (EPT) is a blockchain gaming project that takes the use of 

 to a completely new level. The creation of the team at the world’s largest social gaming platform, E-Pal, Balance offers players AI agents that can aid them in the in-game environment and serve as their personal companions. Based on a multi-layer architecture, the platform offers some of the most cutting-edge use cases for gaming-oriented AI agents.

 (EPT) is a web3 gaming platform that allows players to easily create, own and use AI companions within the blockchain games it supports.

 Balance supports a variety of first-party (internally developed) and third-party web3 games. You can deploy your AI gaming companions and they’ll act as your assistants, friends or co-players within Balance games.

Using Balance.fun, the platform’s primary web interface, you can create your AI agents and specify various details, such as appearance, personality and functions.

Balance isn’t just another obscure crypto gaming platform. The origins of the project date back to 2020, when the E-Pal social gaming provider was launched by four young California-based technology entrepreneurs — Brian Xiong, Tung Pham, Yuzhe Norris Wang and Yuanzhe Li. E-Pal quickly became a leading force in the newly emerging social gaming field, helping players worldwide find gaming companions. By early 2024, E-Pal had become the world’s largest gaming companion platform, boasting 4.2 million users and 450,000 Epals (gaming companions).

In February 2024, the E-Pal team focused its efforts on 

 and AI technologies, starting the development work on the Balance gaming platform. In September of the same year, Balance went live.

Per the project’s documentation, the platform operates on its own chain, Balance Chain, with 

 (AA) technology used for cross-chain communication. The fungible and 

 (NFTs) held by user accounts are based on the 

A key part of the Balance ecosystem is Key Nodes — purchasable 

 that help with the processing, storage and distribution of data required in the resource-intensive environment of web3 gaming. Some applied instances are the management of real-time leaderboards and the automatic distribution of loot and in-game currency. These nodes can also support the computational requirements of training AI models. As a reward for their work in supporting the platform’s operations, Key Nodes receive a wide range of rewards and benefits, including distributions of EPT tokens, the platform’s native cryptocurrency.

As the ecosystem develops, Key Nodes are envisioned to be involved in governance, 

 launch in September 2024, Balance introduced its Points System, designed to reward early contributors to the platform. During the campaign run in September, users could earn points by completing various specified tasks in various activities, such as joining the project’s social media pages or commenting and reposting.

The 400 users with the best performance in the Points System earned a whitelist spot to receive Pioneer Badge NFTs — distinct tokens that provide owners with early access to games, future campaigns, airdrops and beta testing opportunities. Pioneer Badge NFT holders can also enjoy other benefits, such as premium NFTs and voting rights on the Balance platform.

Balance’s platform provides a set of tools to create and use intelligent companions for Balance-based games. You can design your AI companions by specifying their key traits and behaviors through custom prompts and strategies. The AI agents on Balance can assist you in battles, gaming contests, learning, routine task execution and interactive entertainment.

Balance’s platform is made up of five key layers, each one serving a specific purpose in supporting its user and developer communities. At the top of the architectural stack is the application layer, which acts as the main interface for users to interact with human and AI companions and the wider Balance community.

The application layer also contains the AI Battle Reporting System, which is designed to give users feedback and analysis tools on their performance in the platform’s gaming ecosystem. AI technology is leveraged here to provide personalized analytics and performance improvement recommendations.

A range of NFTs are also part of the layer. These include in-game asset NFTs, as well as 

 (SBTs) that serve as summaries of the holder’s achievements.

The platform layer hosts the various games within the Balance gaming universe. These include both internal games and third-party games that have partnered with Balance. The key concept uniting all of the games is the active integration of AI companions and AI players, making the platform a unique environment in which humans and AI agents play, interact and compete.

The platform layer also features an AI-driven NFT launchpad that offers a rich tool set for creating personalized NFTs for games and applications. These NFTs can be traded on Balance's NFT marketplace, which is also an integral part of the platform layer.

The protocol layer includes a trio of critical protocols — the Fans Protocol, Epal Fan Token (FT) Exchange Protocol and Asset Protocol. The Fans Protocol lets players launch and manage their Fan Tokens, creating opportunities for influencers and community builders to tokenize their efforts and launch high-potential crypto assets. Meanwhile, the Epal FT Exchange Protocol facilitates the management of (and trade in) Fan Tokens.

The third protocol, Asset, is used for the comprehensive management of a wide range of digital assets on Balance, providing easy-to-use tools for asset creation and trading.

The token layer is designed for core operations involving the platform’s native EPT token. This layer supports the use of EPT for in-game purchases, access to services and AI companions, Fan Token minting and trading, in addition to other functionalities.

This is the underlying infrastructural layer that powers the platform’s operational mechanism. It can be described as Balance's operating system, and is made up of several critical components: the node system, the Balance 

, the Balance Chain network and the platform's unique ID system.

The node system provides the computational and storage resources to power games and other functionality on Balance. In addition, the system acts as a key connecting medium between Balance Chain and the AA functionality that lets the platform enjoy cross-chain capabilities.

The Balance stablecoin, also part of the infra layer, is designed to reduce volatility and bring rate stability to the platform's gaming ecosystem. The Balance stablecoin system helps players engage in asset trading without the fear of wild market fluctuations, an important consideration in the 

Designed to support multiple chains, Balance Chain operates based on dynamic protocol adaptation, automatically selecting the optimal blockchain platform according to user preferences and needs. This dynamic adaptability is designed to reduce costs, improve operational speed and enhance overall security for users.

The final major component of the Balance infrastructure layer, the Balance ID system, is a unified and secure user authentication and identity management solution. To be introduced later in 2025, the ID system will let users access all services and games within the Balance ecosystem via a single set of cross-platform decentralized credentials. In addition to human players, also AI companions will have their unique IDs.

EPT is the native cryptocurrency of Balance. Although the platform has been operational since 2024, the EPT token was just launched on Apr 21, 2025, with a total and maximum supply of 10 billion. It was issued on two major blockchains — Ethereum and BNB Chain. EPT has a wide range of functional use cases on the platform, including the following:

The EPT token's supply allocation is per the chart below.

 as a swap pair with USDT, and through the exchange's 

 based on USDT. You can also take advantage of Bybit’s campaign dedicated to the token to grab a share of the 

Under the terms of the event, new users can earn EPT rewards by accumulating a deposit volume of at least 3,000 EPT, or by depositing at least 100 USDT and trading 100 USDT worth of EPT via their first spot trade with Bybit. Meanwhile, existing users can qualify for rewards by trading at least 500 USDT worth of EPT on Spot. The event is valid through May 5, 2025, 9AM UTC.

As of Apr 25, 2025, the EPT token has been on the market for only four days, and is trading at $0.0117, which is 26.4% lower than its ATH of $0.01708 on Apr 21, 2025, and 11.4% higher than its ATL of $0.01129 on Apr 22, 2025.

Long-term price forecasts for EPT are mostly bullish. DigitalCoinPrice 

 of $0.0412 in 2027 and $0.0615 in 2030, whilePricePrediction 

These and other emerging long-term forecasts for the token don't constitute investment advice. Given EPT's extremely short history on the market so far, 

 on the token's future prospects, carefully assess market fluctuations within the crypto gaming niche and consider all other relevant factors before investing in it or any other cryptocurrency.

Capturing emerging market trends and sensing the broader market conditions, the team at E-Pal recognized the tremendous potential of gaming companions back in 2020. Four years later, E-Pal realized that the new market dynamics in gaming called for something even more innovative — the use of AI companions, in addition to fellow humans. The resulting product, the Balance platform, is now racing to stake the claim to the best web3 gaming environment supported by AI agents.

The platform's unique features — cross-chain functionality supported by an AA mechanism, a dynamic exchange system that selects the best network for users' transactions and, most importantly, intelligent AI companions — can certainly help establish Balance as a leader in this niche of web3 gaming.

AI agents are taking the gaming industry by storm, with blockchain technology acting as a powerful enabler of these intelligent friends of ours. The Balance gaming universe — supported by the proven track record of E-Pal — has a great chance of becoming the go-to environment in which to befriend your next artificial gaming partner.

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Balance (EPT): Revolutionizing web3 gaming with evolving AI companions

Mantle has launched the Mantle Index Four (MI4), an institutional-grade fund providing diversified exposure to yield-bearing digital assets. 

The S&P 500 rose 2.03% on strong Alphabet earnings and optimism over a possible Fed rate cut. Gold jumped 1.5% to $3,338 as trade tensions rose and a weaker dollar, along with falling yields, boosted demand. Fed rate cut signals also supported the rally. The Coindesk Indices, which tracks the broader crypto market, rose 0.74%, with Bitcoin up 0.06% and Ether down 1.89%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is INIT, up 15.4%, following the launch of Initia, which aims to revive the appchain concept with an interconnected network and an INIT token airdrop.

Initia (INIT), founded in 2022, is a modular blockchain platform that combines a Layer 1 network with customizable Layer 2 rollups, enabling scalable decentralized app development. It offers flexibility in virtual machines, gas tokens, and transaction systems, while ensuring interoperability and addressing issues like liquidity fragmentation and network congestion. Initia has 

 to revive the appchain concept by offering a network that integrates appchains in a cohesive, interconnected way. The platform emphasizes full-stack control for apps, avoiding fragmentation. Initia is also launching an airdrop with claims available until May 24, 2025. The native token, INIT, has a fixed supply of 1 billion, distributed across eight categories.

Check out the latest prices, charts, and data of 

, an institutional-grade fund providing diversified exposure to yield-bearing digital assets. In partnership with Securitize, which has tokenized over $3B in assets, the fund aims to fill a market gap by offering native yield generation in a traditional fund format. Mantle Treasury has committed up to $400M as the anchor investment. The fund will rebalance quarterly and incorporate DeFi-native staking strategies, such as mETH and bbSOL, while ensuring investor protections. MI4 targets both crypto-native and traditional investors, with Phase 1 rollout scheduled for Q2 2025.

Yesterday, BTC spot ETFs saw a total inflow of $114.7 million, all from non-GBTC funds, while GBTC recorded no flow.

Dolomite, the 10th largest DeFi lending app, is launching a 200M token 

 (20% of total supply) during its TGE on April 24, rewarding users based on platform usage. The DOLO token powers a three-token system alongside oDOLO and veDOLO, enabling incentives, governance, and potential revenue sharing. With over $800M in TVL, Dolomite expands to Berachain, integrating with its Proof of Liquidity system to offer advanced lending features and asset utility.

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Mantle launches MI4 fund for institutional-grade digital asset exposure and yield generation

Crypto

web3

So you want to buy, sell, trade or just try out cryptocurrencies? You'll need a crypto wallet for that! Read all about what a crypto wallet is here.

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So you want to buy, sell, trade or just try out these cryptocurrencies that everyone is talking about. The fact that you’re here means that you’re in the right place, because quite simply, none of these things are possible without a crypto wallet. 

In this article, you’ll learn everything you need to know about the topic: for instance, what is a crypto wallet? What wallet types exist out there and where exactly should you store your coins? 

Firstly, a good question to ask would be: "What is a crypto wallet?"

A crypto wallet is a software program that interacts with the blockchain of your choice by generating public and private keys, monitoring your balances, and most importantly, sending and receiving cryptocurrency  — but whatever they are, these wallets are not part of the blockchain. 

Have you ever looked at yourself in the mirror? Almost certainly you have, so you will know that what the mirror reflects is kind of you, but not you exactly. 

The same situation can be applied to cryptocurrency wallets. Whatever amount of coins you can see in your wallet, they aren’t there in the way that coins are in a real wallet; it’s just a reflection of your operations on the blockchain. 

It may sound complicated but it’s not really. Keep on reading and we’ll explain.

So we know what a crypto wallet is now, but what about its key components, public and private keys?

work in a way to conduct transactions on a blockchain – say, on the Bitcoin blockchain. 

, is generated by your crypto wallet and is associated with and attributable to you — it’s kind of like your email address on the blockchain. You can show it to people who want to send you something – most often, cryptocurrencies, but sometimes, other digital assets, too.

, on the other hand, is something different. It’s not visible to anyone but you and signs requests on your behalf, such as sending money. It is basically like the password to your assets. 

By using strict mathematical rules of asymmetric encryption, your private key proves that it was you who sent the request, so it’s important to keep your private key safe. If someone else gains access, they can take your coins.

That being said, if somebody tells you that you don’t need private keys to send and receive crypto they of course are theoretically right. But also, they mean you don’t really have full control over your money.

The Difference Between Hot and Cold Wallets

Any crypto wallet can be always categorized as either hot or cold.

A crypto wallet can never change its state: you will always know whether the wallet is hot or cold, because the difference is pretty clear.

Hot wallets are connected to the internet, while cold wallets are disconnected to the internet.

 or hot storages are more convenient, but they are less secure. Although stringent security measures are put in place to stop such incidents from occurring, hot wallets are nevertheless potentially prone to hacking in a way that cold wallets simply are not. 

 are more physical — this is probably the closest you can get to feel like you physically own your cryptocurrency. Paper wallets, hardware wallets, and, surprisingly, physical bitcoins (which works great as a gift coin, but is very inconvenient in the real world) are all cold wallets and they are pretty safe to store large amounts of cryptocurrency. 

Let’s look at these wallets in more detail. 

There are four fundamental types of hot wallets out there: 

web wallets, mobile wallets, desktop wallets and crypto exchanges. 

Sometimes the functionality of one hot wallet intersects with the functionality of the other hot wallet, so the lines between them can be blurred. 

It happens, for example, to web wallets and crypto exchanges, so don’t get confused telling one apart from the other. A good illustration is Coinbase, which acts as a digital wallet where you can trade one crypto for another one, and yet, there’s a self-standing medium called Coinbase Pro, a crypto exchange where you can trade digital assets. 

the wallet holders still have control of their private keys

. However, as we mentioned, they could potentially be hacked, albeit it is only a small possibility.

There are different types of hot wallets that use software out there. Let’s take a look at them. 

ts are wallets you can access from your browser, whether it’s Google Chrome, or Safari, for example. 

They are well-suited for people that facilitate basic transactions often and store small amounts of money on their accounts. 

Blockchain.com, BitGo, GreenAddress, Coinbase

 are all examples of web-based wallets, and all of them are well-established and easy to use. The only problem again is that, by using these wallets, you trust someone with your keys. 

, you’re trusting them to protect your private keys. If the private key is password-protected, like with 

, you, nevertheless, trust them to keep your keys safe on their server. 

What if something goes wrong with the custodian? What if something goes wrong with the server? 

A very common way to talk about this delicate matter 

Coinbase is a hosted wallet service, which means we manage your private keys for you, securing your funds with a password, device confirmation and 2-factor authentication.

However, as it turns out, not so many users sweat it about not owning their private keys. Because the service is well-reputed and very easy to use. 

mobile wallets are crypto wallets installed on your phone as apps from Google Play or App Store. 

What you need to know about them is that sometimes mobile apps and the corresponding online wallets complement each other as it goes with 

However, mobile wallets sometimes don’t have their browser analogs, which is perfectly fine, for example, the situation with 

, you get multi-signature, 2FA, HD wallet and full control over your private keys. With 

, it’s slick design, HD wallet and full control over your private keys, too.

So, you see, by their very nature, mobile apps are a little bit safer than online wallets. They are 

 to be isolated from the operating system of the phone, which provides a certain level of protection against malware, and gives you control over your keys. 

Desktop wallets are wallets you install on your device from a website of a developer.

There are two types of desktop wallets existing out there: full-node wallets and lightweight/thin wallets. 

 has a decent way to define the difference between them: “

Imagine a scientist reading about an experimental result and then repeating the experiment for herself. Doing so allows her to trust the result without having to trust the original scientists

If you download the whole blockchain with your wallet and “repeat the experiment for yourself”, you’ll run a full-node client. If somebody else keeps the blockchain on their side for you, you’ll just “read” about the experiment and keep it lightweight.

The first bitcoin wallet was a full-node client developed by Satoshi Nakamoto himself, the legendary pseudonymous creator of Bitcoin and blockchain. It’s called 

, and, as Florence + The Machine sings, “

”, namely, 320.76 GB, so yes, it’s not a mainstream kind of product.

However, it still exists, and if you own it, you don’t simply own a wallet, you are a verifier who takes part in the global process of money decentralization 24/7. You can mine crypto if you add to your setup super-powerful mining rigs, you approve blocks and transactions, plus, no one can really trick you into accepting fabricated transactions. 

Mostly, people use lightweight wallets, though, such as 

 and Mycelium. A thin client connects to the Bitcoin peer-to-peer (P2P) network but doesn’t fully validate transactions or blocks. If you use lightweight/thin clients, you use the third-party software that helps you interact with the initial blockchain from time to time.

Storing your digital assets is relatively convenient with a thin wallet. You don’t have to download all the blockchain to your computer, you don’t have to update the client all the time. Besides, thin wallets like Electrum let you keep your private keys, provide you with anonymity and guarantee a backup.

Are they less secure? Well, these wallets are vulnerable if the network is overpowered by an attacker, as Satoshi 

 in his white paper. But it is possible to verify payments without running a full network node. As such, this kind of verification is reliable as long as honest nodes control the network. 

The greatest problem with all the wallet types mentioned above is that it’s very difficult to exchange between dollars and bitcoins on top of them. You can’t easily add your credit card to your account. That’s where you may want to need cryptocurrency exchanges.

A cryptocurrency exchange is an online or mobile platform with a built-in trading functionality that lets you buy/sell and store cryptocurrencies. These platforms often have charting functionality built-in, together with other useful trading tools. 

You don’t have to be a broker or own a huge sum of money to start trading on cryptocurrency exchanges. Relative anonymity is also the reason why many individual traders prefer cryptocurrency exchanges. 

The regulators slowly get there, but still, in very many cases there’s no need to verify your identity if you want to start moving small chunks of money between different addresses. 

Keep in mind, though, if you want to withdraw or deposit fiat money (USD or Euro), you will normally have to provide cryptocurrency exchanges with some verification documents, such as a utility bill, bank statement, or ID.

As we’ve mentioned before, cold wallets are probably the most secure way to store larger sums of crypto, since these wallets are disconnected from the Internet. 

So, which wallet types of cold wallets exist out there?

A hardware wallet resembles a USB stick in appearance. It is a device that keeps your private keys in a safe offline environment. Yet, you might have to install some software on your machine to use it.

Despite the fact that these wallets are the safest in the market, there’s a fair number of possible problems with this storage type.

It is wise to keep your eggs in as many wallets as possible. Popular options include 

A paper wallet is offline crypto storage with QR codes and corresponding keys printed out on a piece of paper. 

Proper paper wallets are often a very secure way of storing bitcoins since they are not typically exposed to malware. They can also be easily stored securely in safes and safe deposit boxes.

Don’t forget, though: paper wallets are made of… paper which means they could be stolen, lost, get soaked or even burnt, so maybe you’ll need a few copies.

To generate your first bitcoin paper wallet and send bitcoins to it, click on this 

But remember in order to generate such a wallet and start using it, you normally have to follow a few simple steps: 

Before choosing a wallet, see if there is a 2-factor authentication (2FA) option. This is a technology that has one more piece of data for you to insert before you log in to your account. To use this, you will need to download an authentication application to your phone.

There’s also the multisig feature that protects your assets. Just appoint another person or a wallet protection service to sign your transactions together with you — and you’re safe even with a hot wallet!

Don’t lose a seed, a 12-word or a 24-word string almost every HD wallet generates once you create it. In theory, if something happens, with the help of that seed you can easily restore key pairs on any HD wallet that supports this seed feature. Still, it is strongly 

 to only use the same HD wallet program with the same HD-related settings for a particular seed.

 originally created hierarchical deterministic wallets (hierarchical deterministic wallets) to provide higher levels of anonymity for those who often send and receive digital currency. HD wallets keep the information of how much you spend on a transaction safe.

It will vary slightly, of course, but in general, the situation is always the same.

Just find or generate a public address in the settings of your wallet and show it to the person who is about to send you money. 

As for sending your own funds, open your wallet, enter the destination address as well as the amount and press “Send”.

It will take some time before you or your recipient gets money because miners will need to confirm the transaction. So don’t worry, it’s perfectly normal. 

Your bitcoin transaction needs to be added to the block in the Bitcoin network for it to be successfully completed or validated. Miners spend vast amounts of computing power and energy doing this and expect rewards, so you kind of have to persuade them into writing your transaction in their blocks.

For that, you’ll need to pay fees, and, guess what, miners of course have a financial incentive to prioritize the validation of transactions that include a higher fee. 

What Is a Crypto Wallet?

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What Is a Crypto Wallet?

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Compete for 2,500 USDT USDT Every Week

Grab Up to 5,000 USDT in Rewards