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How To Invest In Cryptocurrency In The USA

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How To Invest In Cryptocurrency In The USA

How to Buy Cryptocurrency in the USA

How to invest in cryptocurrency in the USA yielded 84.7 million results in 0.51 seconds on Google. Despite the steep decline in the prices of digital assets in May and June of 2022, millions of people continue to find answers to the best ways to invest in cryptocurrency in the USA. 

If you are happy with the low price of digital currencies and want to jump onto the crypto investing train, you need to find the right exchange to buy cryptocurrency as a resident of the USA. 

Although the investment process can be complex if you are a novice or beginner trader, there are several easy ways to become a part of the new financial revolution.

In this beginner’s guide, we will show you how to invest in cryptocurrency in the USA through the Financial Industry Regulatory Authority (FINRA) in less than 5 minutes.

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 >>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

How To Invest In Cryptocurrency USA ― Quick Guide 

Depending on how cooperative you are as a client, it can take less than 30 minutes to buy cryptocurrencies at a highly-regulated exchange such as eToro. 

As one of the safest and easiest ways to buy cryptocurrencies, you can buy digital coins using a variety of payment methods, and this includes bank cards. Follow this quick-fire guide on how to invest in cryptocurrency in the USA at eToro. 

Step 1: Register for an account

You cannot invest in cryptocurrency without being an account holder with a US exchange. By entering legitimate details of yourself, you can complete the first step within seconds. 

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Step 2: Deposit funds into your account

You cannot invest in digital tokens without fiat money. Despite the efforts to move from a centralized economy to a decentralized finance one, you cannot buy cryptocurrencies without fiat. As an American, you are automatically qualified to use the United States Dollar (USD). The minimum of $10 can be sourced from bank cards, e-wallets, and bank transfers. 

Step 3: Search for cryptocurrency

Search for the digital asset that meets your investment goals. Once done, select the coin to move on to the next page where you can make a purchase. 

Step 4: Invest in cryptocurrency in the USA

With an amount of money set aside to risk on highly volatile assets, enter the amount of money you are willing to invest, and click on “Open Trade”. That is all. 

If you are unsatisfied with the quick overview of how to invest in cryptocurrency in the USA, you can find a detailed review in the last sections of this article.

>>>Buy Cryptos Now<<<

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Virtual currencies are highly volatile. Your capital is at risk.

Where To Invest In Cryptocurrency In The USA 

In your quest to learn how to invest in cryptocurrency in the USA, you will need to spend a great deal of time researching the best exchanges in the USA. 

There are several factors you need to take into perspective before throwing funds into a particular coin on an exchange. 

As of June 2022, there are around 528 cryptocurrency exchanges, per data from CoinMarketCap. 

With that said, there are about 19,920 cryptocurrencies in the market. This makes it difficult to find the right cryptocurrency as well as the right platform to hold your digital coins. 

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Important factors you should consider before settling on an exchange include but are not limited to anonymity, fees, ease of use, payment methods, regulatory compliance, security, limits, liquidity, speed, insurance, reputation, customer service, and geographical restriction.   

After doing a thorough search of the best exchanges to invest in cryptocurrencies, we settled on five. 

They are eToro, Coinbase, Binance, Crypto.com, and Huobi Global. 

1. eToro ― Overall Best Place To Invest In Cryptocurrency In The USA  

eToro was founded in 2007. Originally as a multi-asset exchange that was into stocks, indices, commodities, and metals, eToro integrated crypto investing in 2014 due to huge demand by its 26 million users. 

Supporting more than 100 countries, eToro is highly accessible and can be found on the World Wide Web. Aside from that, traders and investors can find eToro on smartphones that have access to Google Play (Android) and Apple Store (iOS). 

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In terms of regulation, eToro follows all the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) rules in the United States. 

eToro supports several payment methods. You can deposit funds through e-wallets such as Skrill, PayPal, Rapid Transfer, iDEAL, and Neteller. Additionally, you can make deposits via your bank account. More importantly, you can buy cryptocurrencies fast by using bank cards from Maestro, MasterCard, and Visa. You can make deposits via the aforementioned methods without paying much in fees. 

eToro supports some of the most popular and high-volume cryptocurrencies in the space. 

Among others, you can find Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), Cardano (ADA), TRON (TRX), Binance Coin (BNB), and Zcash (ZEC).

Also, eToro provides a demo account to help novices experiment with the trading of highly volatile assets.

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Moreover, beginners who want to make decent gains within a short period can take advantage of eToro’s copy trading feature. You can copy the trades of experts and make decent returns on your investment. 

What’s more, there is the Smart Portfolio or eToro’s Crypto Portfolio. 

With a one-time investment, you can buy a package of cryptocurrencies carefully selected, and managed by eToro. 

The portfolio comprises some of the highest-yielding coins to help bring you constant passive income.

>>>Buy Cryptos Now<<<

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Virtual currencies are highly volatile. Your capital is at risk.

2. Coinbase ― Best Place to Buy Cryptos in the USA for New Investors

Founded in 2012, Coinbase is one of the pioneer exchanges. 

If you are a novice or beginner trader, Coinbase is the best exchange for you because it is extremely beginner-friendly. 

In terms of regulation, Coinbase complies with all laws in each jurisdiction of the United States. 

As of June 2022, there are more than 89 million registered and verified users in more than 100 countries across the globe.

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 As a highly regulated exchange, you need to go through an extensive verification process before you can become a full-fledged customer of the exchange. 

Some of the payment methods supported by Coinbase are e-wallet PayPal, bank cards, bank transfers, and direct crypto deposits via Coinbase Wallet. Fiat deposits come with a 3.99% fee. 

As of Friday, June 17, 2022, there are 136 cryptocurrencies supported by Coinbase, in more than 395 markets. 

As one of the highly liquid exchanges, Coinbase records at least $1 billion in daily volume.

Coinbase is highly accessible. You can find the exchange (Coinbase) and its wallet (Coinbase Wallet) on smartphones powered by Android and iOS.

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You can take advantage of Coinbase Earn. This is a simple, educational, and rewarding program where you get the chance to learn about some of your favorite cryptocurrencies. 

You then answer questions about the project and earn rewards in digital currencies.

Aside from this, you can make passive income through Coinbase Staking. In crypto, staking involves a process of committing some of your cryptocurrencies to support a particular blockchain network, and help confirm transactions.

You can find Solana (SOL), Chainlink (LINK), Avalanche (AVAX), Dogecoin (DOGE), Shiba Inu (SHIB), Bitcoin (BTC), ApeCoin (APE), Polkadot (DOT), Stellar (XLM), and Cosmos (ATOM) on Coinbase. 

>>>Buy Cryptos Now<<<

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Virtual currencies are highly volatile. Your capital is at risk.

3. Binance ― Largest Exchange To Trade Digital Assets At Low Fees 

Founded in 2017 by Chanpeng Zhao, Binance is the biggest exchange by volume. Residents in more than 180 countries can use the exchange for their crypto trading activities. 

In terms of regulation, Binance has the necessary licenses to operate in the United States. 

Statista publishes a periodical report on the top 100 cryptocurrency exchanges in the world on Tuesday, June 14, 2022. 

Binance retained its position as the largest exchange in terms of liquidity. On that day, Binance recorded $25.51 billion. 

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With more than 20 million users, the exchange supports more than 300 cryptocurrencies and offers over 1,000 markets for clients to choose from. 

In terms of payment methods, Binance supports the use of bank cards. Aside from that, you can make deposits via bank transfer. More importantly, you can make direct crypto deposits via Binance’s official crypto wallet called TrustWallet. 

If you want to avoid high costs on deposits, you need to forgo the 10% fees on bank cards and opt for direct crypto deposits. 

Binance is highly accessible (mobile applications and website), has a great customer support base, and it’s highly scalable. 

As one of the exchanges with one of the lowest trading fees in the crypto finance space, Binance offers other products such as Staking. This will provide you with consistent passive income on your idle crypto holdings. 

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With that said, Binance does NOT support e-wallets such as Skrill, PayPal, and co.

Some of the most popular coins on the exchange include but are not limited to MovieBloc (MBL), Ripple (XRP), Binance Coin (BNB), Shiba Inu (SHIB), Gala (GALA), Tether (USDT), Ethereum (ETH), United States Dollar Coin (USDC), Binance United States Dollar (BUSD), and Bitcoin (BTC).

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

4. Crypto.com ― Best Exchange In the USA for Low Fees

As one of the cryptocurrencies created right in time to take advantage of the crypto boom, Crypto.com has the aim of accelerating the transition from fiat to cryptocurrency in the not-too-distant future. 

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On May 6, Crypto.com reported that it has surpassed the 50 million user mark. Crypto.com supports more than 100 countries across the globe and offers over 190 cryptocurrencies. 

As one of the high-volume platforms in space, the exchange records billions of dollars in bullish days and more than $300 million during bearish seasons. 

With more than 345 markets, you can find markets such as crypto/fiat, crypto/crypto, and crypto/stablecoin pairings on the exchange. 

Crypto.com offers staking services and has recently launched a non-fungible token (NFT) marketplace for the buying, holding, and selling of digital collectibles.

Payment methods supported include debit/credit cards via the Crypto.com Pay App and using wallets that support coins on Ethereum such as WalletConnect.

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Coins found on the exchange include Bitcoin, Ethereum, Polkadot, Solana, Polygon, USDC, Helium, NEAR Protocol, Bitcoin Cash, and dYdX Token.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

5. Huobi Global ― Best Exchange for Investing in Many Cryptocurrencies 

Huobi Global was founded in 2013 and as a result, can be considered one of the oldest cryptocurrency exchanges in the entire space. 

Several traders in the United States are drawn to this exchange because of the large number of cryptocurrencies it supports. 

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There are more than 300 digital currencies on the exchange. 

Its 10 million users have the chance of selecting from over 751 markets the best pair that can bring enormous returns to their portfolios. 

Huobi has three-way accessibility. 

Aside from downloading the app on the Google Play and Apple Store, you can find the exchange on the World Wide Web. 

Despite the difficulty in reaching certain representatives on certain exchanges, Huobi has one of the best customer service systems in place. 

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With 24-hour 7 days per week support, you can reach out to representatives in more than 13 languages. 

You can enjoy low transaction fees by trading coins such as Bitcoin, TRON, Ethereum, Terra, XRP, ApeCoin, HUSD, Tether USD, Huobi Token, and Litecoin.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Cryptocurrency Investment Explained 

To many beginners, crypto trading and investing have become the new cash cow that has created many millionaires. 

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This is because several crypto news and prediction portals mostly report gains NOT losses. 

You should know that all investments come down to two factors and they are risks and rewards. 

With crypto, rewards can be much higher within a short period, and so is a risk. This is the reason why market commentators categorize cryptocurrencies as a highly volatile asset class when compared to non-volatile assets such as stocks, commodities, metals, and others. 

As a result, you cannot just wake up, and throw huge sums of money behind a cryptocurrency. 

You will have to conduct independent research in addition to the fundamental and technical analysis you find on portals. 

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As earlier pointed out, there are close to 20,000 coins available to buy, sell, and trade. You need to learn more about the pros and cons of a coin’s issuing authority. 

A great example can be attributed to knowing the potential of the Ethereum chain as the leader of decentralized finance (DeFi) as well as non-fungible tokens (NFTs). 

This will help you understand why its native asset Ether (ETH) will or will not be a great investment in the short, medium, or long term. 

Once you know everything about the project of a coin or token, you can then settle on some of the best exchanges to buy cryptocurrencies in the USA such as eToro. 

When Bitcoin was created, founder Satoshi Nakamoto made it divisible since divisibility is one of the six (6) attributes that confer value on money. 

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As a result, all cryptocurrencies can be divided into eight (8) decimal points (1.00000000). Therefore, if you are unable to buy Bitcoin, Ethereum, Binance Coin, and Litecoin because of their prices, you can buy smaller units of the coins. 

Supposed BTC is trading for $25,000 but you have $1,000 to invest. eToro allows a minimum of $10 on cryptocurrency trades. This means your $1,000 capital can buy you 0.04000000 BTC. 

Should BTC trade for $50,000 in the future, you can make 100% profit. On a $1,000 investment, this amounts to gains of $1,000.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

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Is Cryptocurrency A Good Investment? 

Cryptocurrencies can be considered a good investment. Although there are high risks involved, anyone who invested in cryptocurrencies with an eye on the long term has seen decent returns. 

Despite the ups and downs in the overall market capitalization of digital assets, analysts, experts, and gurus see the plunge in coins as a necessary correction. 

Many believe old and new cryptocurrencies supported by innovative chains could grow substantially in the long term. 

However, consistent downturns in the market have led to a reduction in the staff of several cryptocurrency exchanges due to the unprofitability of the space in May and June, so anything is possible. 

With that said, we have found simple steps you can take to help mitigate the risks associated with investing in cryptocurrencies in the USA, and the world at large.

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1. Start Your Crypto Investing Journey Small 

As a beginner, you cannot invest more than $100 in a particular cryptocurrency. You need to learn more about the market since activities such as a rise in interest rates, geopolitical events, inflation, and price spikes in precious metals such as gold affect the price of digital currencies. 

For starters, you can invest $10 in any coin of your choice at eToro. As you gain experience and read more about other projects, you can increase your trades by doubling your investments. 

Once you become an avid reader of fundamental analysis as well as technical analysis, you can then risk more on crypto. 

2. Never Invest More than You Can Afford to Lose 

We always tell our clients to ask these questions. If the price of your preferred cryptocurrency drops to irrecoverable zones, can you afford to lose your investments? 

If the blockchain you provide liquidity to as a provider should crash, will you be able to carry on with your life without worrying about your losses? 

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We bring this up because the crash of the Terra ecosystem was led by the de-pegging of its stablecoin TerraUSD (UST).

In the space of 30 days, more than $50 billion was wiped off its ecosystem. Investors have been left to wonder about what happened to Do Kwon’s project which showed great promise. 

Some institutional investors have lost millions while others have seen billions wiped off their crypto portfolios. 

How much can you afford to lose? Do not invest money for your rent, tuition, medical expenses, and other equally important things into cryptocurrencies. Invest the money you can write off as bad debt. 

3. Diversify Your Portfolio 

The old saying, do not put all your eggs in one basket holds for investing in cryptocurrencies. 

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There are more than 19,000 coins so you can read about 20 to 50 projects and invest in their coins. 

Aside from that, you should include non-volatile assets such as stocks, government bills, or bonds (with the rise of interest rates, this can bring you decent annual yields), and metals such as gold. Once you have different assets, a steep decline in the value of one cryptocurrency will be made up for by other digital currencies as well as some of the low-risk assets in your portfolio. 

4. Dollar-Cost Average 

According to analysts Adam Hayes and Cierra Murry at Investopedia, the “Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset to reduce the impact of volatility on the overall purchase.”

A great example can be attributed to having $1 million to invest in Bitcoin. Instead of buying approximately 14 BTC when the largest cryptocurrency by market capitalization reached a new all-time high (ATH) of $68,789.63 on November 10, 2021, you can invest $200,000. This amount could purchase around 2 BTC. 

In the last eight (8) months, Bitcoin has shed more than 70% of this ATH, and as of writing, was trading below $20,000. 

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This means that out of the remaining $800,000, a further $200,000 could be injected into BTC. This time, your investment can buy 10 BTC with $600,000 of your capital still in reserves. 

This can be invested into other coins that show potential such as Cardano, Ripple, Stellar Lumens, and others. 

5. Take Advantage of Stablecoins 

Stablecoins such as Tether (USDT), USDC, and BUSD among others are pegged to $1. In bearish seasons like May/June 2022, you can convert all your holdings to one of these coins. 

Once the market picks up, you can reinvest your stablecoins into cryptocurrencies you believe could command a substantial price increase in the short, medium, or long term depending on your investment goals.

>>>Buy Cryptos Now<<<

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Virtual currencies are highly volatile. Your capital is at risk.

Benefits Of Investing In Cryptocurrency 

Due to the complexities of the market, if you are unsure if cryptocurrencies are the right investment instruments for your portfolio, it is highly understandable. 

Below are some of the benefits of investing in cryptocurrency. 

1. Interest-Earning Potential 

There are several areas of the industry crypto beginners do not know. One of the areas is decentralized finance. 

Under DeFi, there are areas such as decentralized exchanges (DEXs), lending, and yield aggregation. 

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You can become a liquidity provider (LP) on platforms such as Compound, Yearn Finance, Uniswap, Aave, and Curve among others. 

Since many decentralized applications (dApps) depend on automated market makers to survive, you can make decent annual percentage yields (APYs). 

Aside from this, you can earn interest or rewards from staking. 

In crypto, staking is when you lock some of your coins to help support a blockchain network and validate transactions. 

Since proof-of-stake (PoS) has become the norm, it is easy to find several places to stake crypto.

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On exchanges such as Coinbase and Binance, you can put some of your tokens to good use, and earn interest in the range of 5% to 15% periodically. 

2. Technology Solves Real World Problems 

Projects in space are solving problems and bringing financial freedom to millions of people. Cryptocurrencies can be used in the gaming industry. Crypto casinos allow people to make deposits without facing any restrictions by their financial institutions. 

Charles Hoskinson, the founder of Cardano, continues to forge partnerships in Africa and Asia by helping the developing countries use blockchain to support areas such as agriculture, and technological infrastructure. 

According to the World Bank, about 1.7 billion adults are unbanked. 

The introduction of crypto wallets has made residents of highly remote countries a part of the new financial revolution. 

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What’s more, stablecoins play an instrumental role in the trading of goods and services. Since it is extremely difficult to come across dollars and developing economies have to burn huge sums of local currencies to get a small value of USD, USDC, USDT, and BUSD has helped usher out a global currency that has leveled the economic trading field. 

Other cryptocurrencies such as Lumens (XLM) from Stellar and XRP from Ripple are sourced as on-demand liquidity (ODL) to help facilitate cross-border payments within minutes. 

3. Easy Point of Entry and Exit 

More than 500 centralized and decentralized exchanges have made cryptocurrency available for trading. 

With several payment methods that fit into the investing patterns of millions of Americans, you can enter the market at any time. 

With crypto’s non-stop trading activity, you can make trades, lock in gains, and exit the market any time you so wish. 

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There are no regulatory authorities to determine your financial activities or your movements. 

4. Decentralized and Finite 

Blockchain technology and cryptocurrencies were created to lessen the power of centralization. Regular people control the market and this makes it exciting to go about your daily financial life without having feelings of privacy invasion. 

Digital assets are finite. This means that they come in a limited number. While some coins such as Dogecoin (DOGE) are inflationary, most coins come in a fixed supply. 

Examples are Bitcoin (21 million) and Litecoin (84 million). 

This means that in the future, the attribute of scarcity will take hold of some cryptocurrencies. Since scarcity leads to a rise in price, holding on to your coins for the long term could result in significant gains. 

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5. Market Bring Above-Average Returns 

Shiba Inu (SHIB), SafeMoon, and the recently launched ApeCoin (APE) brought forth more than 1,000% for traders and investors within a short period. 

The stock, commodity, and metals market takes a longer period before bringing gains to traders and investors due to regulations. 

With the downturn of the market, prices of cryptocurrencies have become relatively cheaper. 

Since bears follow bulls and vice versa, the market will recover in the future. 

Should that happen, investors who bought the dip have a great chance of seeing their investments double, triple, quadruple, or even quintuple in the long term. 

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>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

The Best Cryptocurrency To Invest In the USA Today

Although the process of investing in cryptocurrencies in the USA looks easy due to the steps earlier outlined, the same cannot be said for choosing the right coins for your portfolio. 

Below, we have the 10 best cryptocurrencies to invest in with an eye on the long term.

1. Bitcoin – Best Digital Asset to Buy in 2022 for Long-Term Growth 

Bitcoin was the first blockchain-backed cryptocurrency. Despite the massive drop in price which has affected its value, it remains the largest digital asset by market cap. 

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Bitcoin is considered as a long term investment as it is expected to increase not just in 2022 but in the long term as well. 

In November 2021, Bitcoin made its last upgrade called TAPROOT. This has triggered smart contracts which enable the creation of decentralized applications (dApps). 

As of June 2022, BTC has more than $100 million in total value locked (TVL). 

Analysts believe drivers such as positive risk sentiment, hawkish central banks, developments on the blockchain, crypto adoption, and BTC’s safe-haven status could propel the coin to great highs in the future. 

According to analysts at Wallet Investor, BTC could command an average trading price of $38,846.30, a minimum trading price of $29,871.70, and a maximum trading price of $48,608 by the end of 2022. 

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>>>Buy Bitcoin Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

2. Ethereum ― Best Cryptocurrency-backed by Smart Contract Technology 

Ethereum remains the second most popular and second-largest digital asset by market capitalization despite the bearish engulfing of the market. 

Despite a plunge in overall total value locked from $253.91 billion on December 2, 2021, to $71.14 billion on Friday, June 17, Ethereum still dominates DeFi. 

With a lion’s share of $44.97 billion, Ethereum remains the king thanks to the performance of dApps such as MakerDAO, Uniswap, Curve, Lido, Aave, Convex Finance, Compound, Instadapp, Balancer, and Frax among others. 

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One of the areas of the space that has shown resistance is the non-fungible token. 

Aside from DeFi, Ethereum controls the NFT space with more than $28 billion in all-time sales volume. 

Some of the most successful NFT projects such as CryptoPunks, Bored Ape Yacht Club (BAYC), and the Mutant Ape Yacht Club (MAYC) are all housed in Ethereum’s ecosystem.

By the end of 2022, Ethereum’s merge from Ethereum 1.0 (proof of work network) to Ethereum 2.0 (proof of stake network) would have been completed. 

This will make Ethereum one of the few chains to have found answers to the blockchain trilemma (decentralization, security, and scalability). 

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Analysts believe upgrades on the network, the success of a proof of stake network, and positive market sentiment could drive Ether to new milestones. 

Per Digital Coin Price, Ethereum price prediction could have a normal trading price of $2,503.94, the lowest possible trading price of $2,405.07, and the highest possible trading price of $2,898.64 by the close of 2022.

>>>Buy Ethereum Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

3. ApeCoin ― Cryptocurrency Backed by Great NFT Projects 

ApeCoin is one of the next crypto to explode this year. ApeCoin was launched on Wednesday, March 17 as part of the broader project backed by creators of BAYC and MAYC, Yuga Labs. One of the requirements for receiving airdropped APEs was to be a holder of a bored ape or mutant ape. 

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This led to a substantial rise in the average sale value of digital collectibles. The launch of Bored Ape Yacht Club’s Metaverse called the Otherside on April 30 revived interest in the price of APE. 

After reaching an all-time high price of $39.40 on the day of its launch, APE was trading for $3.36, as of writing. 

At such a price, you can buy more APEs by investing less. 

Analysts believe the success of the Otherside project and others in store for the ApeCoin ecosystem could lead to the soaring price of APE. 

According to experts at CoinQuora, APE could command a regular price of $40, the least possible price of $20, and the best possible price of $50 by the year’s end of 2022.

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>>>Buy ApeCoin Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

4. Ripple (XRP) ― Fast and Low-Cost Interbank Transactions 

The next cryptocurrency on our list is XRP from Ripple Labs. 

Unlike other cryptocurrencies, XRP has a special function. 

Ripple is not solely into decentralized finance but has found a way to use the possibilities of cryptocurrencies to improve the current centralized financial system. 

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The current infrastructure is being filled with complications. This leads to costly transaction fees coupled with long settling times. XRP’s issuing authority RippleNet uses the token as on-demand liquidity to facilitate cross-border payments which are 100% free, instant, and secure. 

The facilitation of payments can be done in different forms of money including other tokens. 

This is why institutions such as Santander, InstaREM, BeeTech, Zip Remit, and Canadian Imperial Bank have forged partnerships with RippleNet to provide quality services to their clients. 

Analysts at PrimeXBT believe XRP could retest the $1 mark by the end of 2022. 

>>>Buy XRP Now<<<

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Virtual currencies are highly volatile. Your capital is at risk.

5. Binance Coin ― Cryptocurrency with Hidden Potential 

Binance is an integral part of the current crypto revolution. 

Despite the downturn of the market, Binance Smart Chan (BSC) has $5.82 billion in total value locked (TVL). 

In addition to this, BSC is among the 10 biggest NFT blockchains by all-time sales volume. 

The project has a centralized exchange (Binance), a decentralized exchange in PancakeSwap, and a stablecoin in the form of BUSD which continues to see huge volume due to the negative market sentiment. 

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As one of the most active projects in the space, its value is assessed via its native asset, Binance Coin (BNB). 

As a token used for crypto-backed loans which is also accepted by millions of merchants due to the low cost of transaction, BNB is one of the coins largely undervalued. 

With a $201.74 on Friday, June 17, 2022, BNB is trading below 70% of its all-time high price of $690.93 recorded on May 10, 2021. 

With the expansion of the Binance ecosystem to include more projects, BNB will be involved in more transactions in the future. The resultant effect could have a positive impact on the price of the coin. 

Per analyst Elena R. at CoinPedia, BNB could trade for an average price of $531.65, a minimum price of $447.05, and a maximum price of $609 by the end of 2022.

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While the aforementioned are potential high-yielding coins, these tokens are worth considering for your portfolio (Dogecoin, Chiliz, Shiba Inu, Decentraland, Uniswap, and Yearn Finance). 

With that said, if you do not have enough money to risk, you can settle on these penny cryptocurrencies. 

Some of the best penny cryptocurrencies to invest in are TRON (TRX), Stellar (XLM), Miota (IOTA), Cardano (ADA), Polygon (MATIC), Algorand (ALGO), Hedera (HBAR), and the Sandbox (SAND).

>>>Buy BNB Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

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How To Invest In Cryptocurrency In The USA ― Tutorials 

To conclude this guide on how to invest in cryptocurrency in the USA, follow the detailed steps to buy cryptocurrency via eToro. 

Step 1: Open an account

eToro is a well-regulated exchange. Therefore, you will be subjected to an extensive verification process. 

Input details of your full legal name as it appears on a national ID card, driver’s license, or passport. 

After this, input an active email address, and phone number. 

What’s more, you need to input a verifiable home address.

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Step 2: Know Your Customer (KYC)

In limiting money laundering and combatting terrorism financing, eToro needs to verify your information earlier input. 

Using one of the aforementioned identification cards and one of a utility bill, credit card statement, or bank statement, eToro will fully verify your account. 

As a full-fledged member of eToro, you can enjoy all the products the platform has to offer. 

Step 3: Make a Deposit 

Before you can invest in cryptocurrency in the USA, you need to make deposits in the form of fiat. 

eToro supports direct bank transfers, PayPal, and bank cards from Visa, Maestro, and MasterCard. 

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With a minimum of $10, you can become a fully certified trader on eToro. 

Step 4: Choose the Cryptocurrency of Your Choice to Invest in

Once you are done searching for the cryptocurrency of your choice, you have to initiate a buying order. 

Once this order is executed, eToro will process your coins, and they will be added to your portfolio.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

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Conclusion

This guide on how to invest in cryptocurrency in the USA has taught you all the essential factors you need to consider before risking funds. 

Not only have we discussed the best cryptocurrency exchanges and places in the USA and what steps you need to take to complete your investment – but the benefits and risks of digital assets. 

If you have conducted independent research on some coins, all you need is $10 to get started on eToro. Crypto investing has helped many people and could be the perfect asset for your portfolio. 

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

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Frequently Asked Questions (FAQs) ― How to Invest in Cryptocurrency in the USA
Can I Invest in Cryptocurrency in the USA? 

YES, the trading and investing of cryptocurrencies have not been banned in the United States. 

Anyone above 18 years can create an account with a regulated exchange in the U.S. and experiment with the highly volatile asset class of digital currencies. 

Before you do that, just ensure the exchange of your choice has the approval of the Financial Industry Regulatory Authority (FINRA) as well as the Securities and Exchange Commission (SEC). 

eToro has the support of both and can be a starting point for you. 

How Do I Invest in Cryptocurrency in the USA? 

You can invest in cryptocurrency in the USA in four simple steps. Put simply, you need to open an account with an online exchange, deposit some funds, search for your chosen digital token, and finally – place a buy order. 

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How Can A Beginner Invest in Cryptocurrency? 

eToro is one of the best exchanges for novice or beginner traders and investors that want to invest in cryptocurrency in the USA. 

All you need is $10 which can be sourced from PayPal, bank card, or bank transfer, and you are on your way to becoming a crypto holder. 

Which Cryptocurrency Is Best to Invest in 2022? 

Several cryptocurrencies show potential in the market but no one can accurately forecast the future valuation of any cryptocurrency. Therefore, we empower skeptics to use the information found on our platform and other websites as a supplement to the independent research that would be conducted by them. 

With that said, Ethereum (ETH), ApeCoin (APE), Ripple (XRP), and Cardano (ADA) are assets you can consider for your portfolio of investments. 

Where is the Best Place to Invest in Cryptocurrency in the USA? 

The best place to invest in cryptocurrency in the USA is eToro or Coinbase. They have a smooth verification process and offer some of the lowest trading fees in the space. 

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Is It Worth Investing in Cryptocurrency? 

It is worth investing in cryptocurrency. While crypto has been a bad investment vehicle for several people, it has created millionaires. 

Do not invest in crypto with an eye on short-term gains. Invest in any cryptocurrency and have a plan of holding the coin for more than a year. Since bears follow bulls and vice versa, the market could hit an uptrend in the not-too-distant future. 

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

The post How To Invest In Cryptocurrency In The USA appeared first on .

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albania

Albania To Start Taxing Crypto-Related Income From 2023

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Albania To Start Taxing Crypto-Related Income From 2023

Authorities in Albania are finalizing regulations that will allow the taxation of income and profits from cryptocurrency investments. The government intends to begin imposing the levy in 2023, after adopting the necessary legislation which has been proposed for public consultations.

Albania Set to Impose Crypto Tax as Early as Next Year

The Albanian state should begin collecting taxes on income from crypto assets as of 2023 in accordance with a new income tax bill, the local English-language portal Exit News reported on Friday. The government also hopes to pass a number of other laws and bylaws this year in order to comprehensively regulate the matter.

The special tax legislation is currently open for public consultations. It introduces the concept of taxing crypto holdings and income derived from virtual assets. The latter have been defined as “a digital representation of a value that can be deposited, traded or transferred in digital form, and that can be used for payment or investment purposes or as a medium of exchange, including but not limited to cryptocurrencies.”

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However, the definition does not cover central bank digital currencies (CBDCs), the report notes. That’s despite a growing number of monetary authorities around the world developing a digital version of their national fiats. The list includes major powers such as the United States, the European Union, China, and the Russian Federation.

The Albanian law also defines cryptocurrency mining as an activity using computing power to confirm transactions and gain virtual assets in exchange. The extraction of cryptocurrencies has been a grey area although law enforcement has been going after illegal mining facilities in the country and pressed charges against some of their operators.

Under the new legislation, any income from crypto transactions or mining will be classified as corporate income when it’s received as a result of business activity. And when the beneficiaries are private individuals, they will have to pay capital gains tax of 15%.

Financial Watchdog Tasked to Expand Crypto Regulatory Framework

Earlier this month, the Albanian parliament ordered the Financial Supervisory Authority (AFSA) to prepare and adopt new regulations regarding cryptocurrencies by the end of 2022. Albanian law allows crypto trading platforms to legally work in the country but no licensed entities are currently operating in Albania, Exit News remarked.

Two years ago, Albania also adopted a law titled “Financial markets based on distributed ledger technology.” While many have welcomed the legislation, critics have questioned whether the small nation in South East Europe, still an EU hopeful, is capable of properly regulating its crypto sector to prevent it from being used for money laundering, something it’s struggling to achieve in the fiat space.

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The legislature referenced a recent report by the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval), which recommended additional steps regarding the risks associated with cryptocurrency. In November 2021, the AFSA approved its first two regulations implementing the crypto markets law, which introduced capital and licensing requirements for entities working with digital assets.

Do you expect Albania to adopt comprehensive regulations for its crypto space by the end of the year? Tell us in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Singapore Based Crypto Exchange Bybit Expands To Argentina

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Singapore Based Crypto Exchange Bybit Expands To Argentina

Bybit, a Singapore-based cryptocurrency exchange, has announced it will be expanding its operations to Argentina. The exchange wants to offer Argentinian citizens another platform on which to transact, given the popularity that the cryptocurrency industry is enjoying in the country. The exchange will also have a dedicated team to support Argentinian operations.

Bybit Lands in Argentina

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The growth of the cryptocurrency industry in Argentina has not gone unnoticed by international companies. Bybit, a Singapore-based, top-ten crypto exchange by volume traded, has announced that it will expand its trading operations to support Argentinian customers directly.

To better achieve this goal, the company will dedicate a team to attend to applicable requirements and support its upcoming Argentinian customers, allowing them to transact, purchase, and sell cryptocurrencies on Bybit’s platform. Also, the platform will be available in Spanish, the native language of the country.

Regarding this development, the exchange declared:

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Taking into account the level of penetration and the rapid growth in the adoption of cryptocurrencies in Argentina, Bybit has made this decision, which is due to the importance of the Argentinian market in the Latin American region.

Due to all of this, Bybit considers it is the right time to expand its operations to the country, given that there is an opportunity for onboarding users still new to the cryptocurrency movement.

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Argentinian Crypto Appeal

In recent years, Argentinians have been getting closer and closer to crypto, with this phenomenon starting after the government established limits to the number of dollars citizens could exchange, establishing a foreign currency exchange control, similar to the one established by the Venezuelan government before that. Inflation numbers have also influenced the interest in this new, alternative financial system.

The exchange is betting that this newfound interest in crypto, due to national and international market conditions, will power the demand of Argentinian users in the near future for new applications. About this, Gonzalo Lema, director of Bybit operations for Argentina, stated:

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Although macroeconomic conditions have become a factor in increasing the adoption of cryptocurrencies in Argentina, as the customer base grows, interest in other potential uses of these assets will increase, such as the possibility of receiving remittances or even paying for goods and services with them.

The company will offer all of its available services and investment instruments in Argentina, and an APY of 22% on Dai deposits, to Argentinians registering before July 11.

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What do you think about the new expansion plans that Bybit has for Argentinian markets? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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‘Suicide’ note

John McAfee’s Body Is Still In A Spanish Morgue A Year After He Passed, His Widow Wants Answers

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John McAfee’s Body Is Still In A Spanish Morgue A Year After He Passed, His Widow Wants Answers

A year ago on June 23, the anti-virus software tycoon John McAfee was found dead in a Spanish prison after Spain’s high court approved McAfee’s extradition to the United States. Today, McAfee’s body is still in a Spanish morgue as a legal case involving an independent autopsy is yet unresolved.

John McAfee’s Controversial Death Investigation Is Still in Limbo

The now-deceased cryptocurrency proponent and anti-virus software tycoon John McAfee’s corpse is still in the morgue after an entire year has passed since his alleged suicide. McAfee reportedly took his own life on June 23, 2021, after he was wanted for tax evasion by U.S. law enforcement officials. At the time, a Spanish high court authorized McAfee’s extradition to America to face the tax-related criminal charges.

Before Spain’s high court approved the preliminary extradition ruling, McAfee was arrested in October 2020 at Barcelona–El Prat Airport. McAfee was charged by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). He was charged by SEC for his involvement in promoting initial coin offerings (ICOs) and the DOJ charged him with “tax evasion and willful failure to file tax returns.”

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After his death a number of conspiracy theories started showing up on social media and forums that said he allegedly activated a dead man’s switch. McAfee told people on many occasions that he would never take his own life and that if he was found dead by suicide it really meant he was “whacked.” McAfee had the word “whackd” tattooed to his body and he also released an ERC20-based token called “whackd (WHACKD).” The smart contract was called “Epstein,” and a number of theories stemming from several Q Anon members and 4chan posts attempted to connect the dots.

Tech Entrepreneur’s Widow Still Believes ‘John McAfee Did Not Kill Himself’

Janice McAfee, the anti-virus software tycoon’s widow, doesn’t believe her husband committed suicide, and the family’s attorney Javier Villalba told the press that Janice wanted an independent second autopsy after Spanish authorities completed the official autopsy. The second autopsy had not yet been granted and a local judge denied the request. While McAfee’s remains still rest in the Spanish morgue, the family has appealed the Spanish high court judge’s decision as Janice believes the official autopsy was incomplete.

“It’s difficult to put into words what life has been like this past year,” McAfee’s widow Janice explained on Thursday. On her Twitter page, Janice said: “One year ago today John McAfee was stolen from us. [He was] a champion of freedom [and] privacy, the world is a much darker place without him.” One of Janice’s hashtags in the tweet also said “#johnmcafeedidnotkillhimself.”

A judge in Spain further ruled that until the independent autopsy appeal is complete, McAfee’s corpse cannot be delivered to the family. Catalonia’s court officials did not respond to comments about the situation, but a Spanish justice department official said that it was unusual for bodies to be kept in a morgue for so long.

What do you think about the fact that John McAfee’s body still remains in the Spanish morgue? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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