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It's 2023, and everyone is trying to build their wealth, and we have realised having a minimum wage 9-5 job is not going to cut it. So, how else can you do that? Investments! There are various investment types out there, such as stocks, real estate, and so on. But in recent years, cryptocurrencies have come into play, and everyone is hopping on the train.

So, whether you work a corporate job, an unconventional one, or maybe you're currently unemployed, what is the best investment for you? Today, we will compare two popular investment types- Bitcoin and Gold.

Bitcoin and Gold are two of the most popular investment options today.
Although Gold has been a trusted store of value for centuries, in recent years, Bitcoin has become a relatively new player that has gained popularity worldwide.

In this article, we'll explore the similarities and differences between Bitcoin and Gold and determine which one is a better investment option for you.


Historical Performance of Bitcoin and Gold
Bitcoin is a decentralised digital currency created in 2009 by Satoshi Nakamoto. Although Bitcoin's value has been quite volatile, we cannot deny that it has experienced tremendous growth since its inception in 2009. For example, in January 2021, Bitcoin was valued at $30,000, and by December of the same year, it had reached an all-time high of $64,863!

On the other hand, Gold has been used as a store of value for thousands of years. Just as popular as it has been for years, it has also been an investment option for a long time. Although Gold is more stable than Bitcoin, it has not experienced explosive growth like the cryptocurrency.


Differences Between Bitcoin and Gold
1. Physical vs Digital: Gold is a physical asset that can be held in your hand, while Bitcoin is an intangible digital currency that exists only in the digital world.

2. Decentralisation vs Centralisation: Bitcoin operates on a decentralised network, which means there is no central authority controlling it, while Gold is heavily centralised, with central banks and governments holding large reserves of it.

3. Volatility and Price Stability: Bitcoin prices are much more volatile compared to Gold, which tends to have a more stable price.

4. Accessibility and Liquidity: Bitcoin can be bought and sold easily and is available to anyone with access to the internet, while Gold requires a physical storage solution.

5. Security and Transparency: Bitcoin transactions are secure and transparent, but physical Gold is vulnerable to theft.

6. Hedge against Inflation: Gold has a long history of being used as a hedge against inflation, while Bitcoin's ability to hedge against inflation is still quite uncertain.



Benefits of Investing in Bitcoin
1. High Potential for Returns: Given the history of Bitcoin, it has shown that it has the potential to offer high returns on investment.

2. Decentralisation and Security: When transacting on the Bitcoin network, you can rest assured that your funds are safe and secure. This is because of its decentralised design and use of cryptography, making it super tough for anyone to mess with the system or steal your assets.

3. Liquidity: Bitcoin is easy to buy and sell, making it a popular option for all investors.

4. Borderless: With Bitcoin, it does not matter what country or region you are in; you can buy and sell Bitcoin from anywhere in the world, making it a super convenient investment option.

5. Inflation Hedge: Bitcoin is also seen as a way to protect your money from inflation because the amount of Bitcoin is limited and can't be messed with by banks.

6. Tech-Savvy: Bitcoin is based on cutting-edge blockchain technology, which has the potential to change a ton of industries and provide long-term benefits for you.

7. Diversification: Adding Bitcoin to your investment portfolio can help you spread your investments and lower your overall risk.


Benefits of Investing in Gold
1. Sheild against Inflation: Gold has been around for a long time and is known for protecting against inflation, which means its value usually goes up when paper currencies lose value.

2. Diversification: Adding Gold to your investment portfolio can help balance things out and lower your overall risk.

3. Safe Haven Asset: Gold is often seen as a safe haven during tough economic times since its value tends to stay steady even when the stock market takes a hit.

4. Liquidity: You can easily buy and sell Gold, making it an excellent option for a wide range of investors.

5. Tangible Asset: Unlike many investments, Gold is a tangible asset you can hold in your hand, giving you peace of mind and a sense of security.

6. Long-Term Growth: Gold has historically appreciated in value over the long term, making it a potentially profitable investment.



Conclusion
In conclusion, both Bitcoin and Gold have their pros and cons, and what you choose will depend on your investment goals and risk tolerance. Bitcoin has the potential for big returns and uses a secure decentralised network, but it's also super volatile and still relatively new. On the other hand, Gold has been around forever and is known for protecting against inflation and being a safe haven, but it's a more traditional investment, and its price is a bit more stable.

The bottom line is it's up to you to do your own research and figure out what works best for you. Remember, it never hurts to talk to a financial advisor before making any big investment moves.

This article is written by Somebody From Breet. Breet is an OTC crypto trading app in Africa where users can sell their crypto, convert it to cash and withdraw it to their local bank account instantly.

Thinking of converting Bitcoin to Naira, use Breet App today and enjoy the best crypto rates and free money!

After El Salvador adopted Bitcoin as a fiat in 2021, other countries might try to follow suit and introduce innovation, while others might choose to preserve fiat or centralise digital currencies. A complete ban might open the door. The 2020s are predicted to be a decade of widespread adoption for Bitcoin, despite the bear market crisis and gloom of 2022. Bitcoin is securing its position in the geopolitical landscape of the world. Investors are now unsure if Bitcoin is a wise investment as a result of this. Whomever you ask will determine the answer to this query.

If Bitcoin matches your risk appetite and long-term market forecast, it may be a wise investment. Over a longer time horizon, the history of the bitcoin market is essentially predictable. Both Bitcoin and Ethereum have experienced reasonably regular cycles of trading, recovering from all significant falls (apart from the most recent one).

Despite the risk, is Bitcoin a Good Investment?

Purchasing Bitcoin certainly entails major risks, just like with other speculative investments. Traditional finance is aware of Bitcoin's disruptive potential and has to decide whether to embrace cryptocurrencies or risk becoming irrelevant. One of the key elements in deciding whether Bitcoin is a suitable investment is volatility risk, albeit it is not always better or worse. Your own risk tolerance and outlook on the future of humanity will influence your choice to invest in Bitcoin. Russia, for instance, has stated that it is thinking about using cryptocurrencies to lessen its reliance on the US currency. Bitcoin is currently too significant to ignore and has the potential to seriously undermine the US dollar. Bitcoin might be a terrific investment if this disruption is successful.

Traditional investors are primarily interested in Bitcoin as a hedge against inflation and the demise of fiat-based economies. Many investors are concerned about the volatility of bitcoin, but it is anticipated that volatility will permanently decline as institutions and governments enter the market with longer-term interest rates.

Technical analysis of bitcoin: Fear and Greed Index

An effective gauge of market mood for cryptocurrencies is the Fear and Greed index. The state of the market as a whole can be a helpful indicator of whether Bitcoin is a good investment for you. The most frightening periods historically tend to be positive signs. The most greedy periods have frequently been bearish indicators (indicating that a bottom has been made or is close by) (suggesting that a high is being made or near). The Fear and Greed Index is a useful tool for generating educated guesses even if it isn't perfect and can't always forecast the future well. The fear and greed index just moved from high fear to neutral as a result of Bitcoin's recent comeback.

So, in 2023, is Bitcoin still a good investment?

It appears that bitcoin could be the currency of the future or at the very least a widely used store of value, with financial institutions now including it in their balance sheets and El Salvador officially establishing bitcoin as fiat currency. Risk-averse investors are still hesitant to purchase Bitcoin, let alone other cryptocurrencies, due to market volatility.

Bitcoin has a much sounder monetary policy than any government because it is not governed by a single entity. Since the rules in the code govern its monetary policy, Ark Invest CEO Cathy Wood refers to Bitcoin as a "rule-based monetary system." Investors are looking for alternative assets to protect against inflation as governments print more money than ever in the face of the pandemic. For this, a lot of people are using Bitcoin, which promotes the long-term acceptance of cryptocurrencies.

Is Bitcoin a wise financial decision? Yes, if you do your study and make sensible investment decisions. Bitcoin, however, may become a poor investment if investors attempt to treat it like any other asset.

We're in the first week of February, and for most people, their new year is just starting now. The new year often comes with the buzz of new year resolutions and goals you plan to achieve before the year runs out. What's one thing that's quite common on most people's lists? You guessed right- investing.

If you're considering investing in Litecoin or any other cryptocurrency, then you're in the right place.

A few years ago, I was just like you. I was curious about cryptocurrencies and wanted to invest in them, but I needed to figure out where to start. I did my research and invested in a few coins, but I also made costly mistakes along the way. However, with every error, I learned more about the crypto market and how to navigate it.

Today, I'm happy to say that my investments in cryptocurrencies have paid off, and I want to share my knowledge and experience with you. Whether you're new to cryptocurrencies or an experienced investor, I'm here to help you make informed investment decisions.

So, without further ado, let's dive in and find out if Litecoin is a good investment opportunity for you in 2023.


Advantages of Investing in Litecoin
1. Decentralisation: Litecoin is a decentralised cryptocurrency, which means it is not controlled by any central authority or financial institution. Because of its decentralised nature, you have more control over your investments, and it reduces the risk of inflation and government regulations affecting the value of your investments.

2. Faster transactions: Litecoin transactions are processed four times faster than Bitcoin transactions, which makes it a more efficient option for making payments and transferring funds.

3. Lower fees: Litecoin has lower transaction fees than Bitcoin, making it a more cost-effective option for making payments and transfers.

4. Diversification: I cannot overemphasise the importance of diversifying your investment portfolio, and Litecoin provides an excellent opportunity for that. It reduces your exposure to market risks and increases your potential for long-term gains.

5. Growing adoption: Litecoin is gaining more popularity and wider acceptance among businesses as an alternative payment method, potentially driving up demand and increasing its value.


Key Factors to Consider Before You Invest In Litecoin
1. Market Volatility: One of the major features of crypto is its volatility. This means that the prices fluctuate rapidly over short periods. It's essential to be aware of this and have a long-term investment strategy.

2. Regulation: Although crypto has been accepted by millions of people globally, and even some countries have gone one step further to accept them as legal tender, most countries are still wary of it and have yet to accept it. Some countries have restricted it, while some have completely banned it. Regulations for cryptocurrencies are still evolving, so changes in government regulations could impact your investment.

3. Security: Investing in crypto assets comes with security risks, such as hacking, theft, and scams. Over the years, there have been a series of hacks and scams, so it's vital to secure your investments by storing your Litecoin in a safe and secure wallet.

4. Liquidity: The liquidity of Litecoin can be affected by market trends, investor sentiment, and other factors. It's essential to consider the liquidity of Litecoin before you invest in it.

5. Competition: Litecoin faces competition from other crypto coins, such as Bitcoin and Ethereum, and new cryptocurrencies are constantly emerging. There are currently over 12,000 crypto coins, so it is important to consider the competitive landscape before investing in Litecoin.

6. Technology: The technology behind Litecoin and the crypto market is still developing and improving. You need to be aware of any changes or advancements that could impact the value of your investment.

7. Purpose: Litecoin was created as a lighter version of Bitcoin, with faster transactions and lower fees. It is often referred to as the "silver to Bitcoin's gold". It is crucial to understand the purpose of Litecoin and how it fits into the broader crypto market before you invest in it.


Litecoin's Historical Performance
Litecoin was created in 2011, and its price has experienced several ups and downs. In 2013, Litecoin's price skyrocketed, reaching over $40 for 1 Litecoin. However, the price of Litecoin has also experienced several crashes, including a crash in 2018 when the price dropped from $300 to around $20.
In comparison to Bitcoin, Litecoin has had a more volatile price history, but it has also offered higher returns. As of February 2023, 1 Litecoin is currently worth $98 as it is the 13th largest crypto coin by market capitalisation (7.14 Bn).


Should You Invest in Litecoin?
As mentioned earlier, Litecoin has had its fair share of ups and downs regarding price value. But it is important to note that it has managed to bounce back every time. Now, I'm not saying that you should rush ahead to invest in Litecoin, and it also doesn't mean that you should turn away from it. Just like all other crypto types and other forms of investment, investing in Litecoin has its risks, but it also has its rewards.

Before you invest in Litecoin, ensure that you conduct proper research to see if it is a suitable investment for you based on your financial goals, whether long-term or short-term.


Final Statement
Litecoin is a good investment opportunity in 2023, but it comes with risks and challenges, like any investment. Conduct your research, understand the technology and market trends, and consult a financial advisor before deciding.
Kindly note that none of the information above is financial advice.

This article is written by Somebody From Breet. Breet is an OTC crypto trading app in Africa where users can sell their crypto, convert it to cash and withdraw it to their local bank account instantly.

Selling crypto in Nigeria has become a lot easier in recent years, thanks to the rise of peer-to-peer (P2P) trading platforms. P2P trading allows you to sell your crypto assets directly to a buyer, without the need for a centralized exchange. This makes the process faster and more convenient, and you can sell your crypto in just a few minutes.

If you're looking to sell crypto in Nigeria, here are the steps you need to follow:

1. Choose a P2P Trading Platform: The first step in selling your crypto is to choose a reputable P2P trading platform. There are several platforms available in Nigeria, including Binance P2P, Paxful, and Remitano. Choose a platform that offers a secure and user-friendly experience, with a good reputation for protecting the interests of buyers and sellers.

2. Register an Account: Once you've chosen a P2P trading platform, you'll need to create an account. The registration process is simple and straightforward, and typically involves providing some personal information, such as your name and email address. You will also be required to complete a verification process, which may include providing proof of identity and a residential address.

3. Add Payment Methods: In order to receive payment for your crypto assets, you'll need to add a payment method to your account. This can be done through the platform's payment options, and you can choose from a range of methods, including bank transfer, mobile money, or credit/debit cards. Choose a payment method that you have access to and that is convenient for you, and make sure to enter all the relevant details accurately.

4. List Your Crypto for Sale: Once you have completed the setup process, you can now list your crypto assets for sale. To do this, you'll need to select the crypto you want to sell, enter the amount, and set the price. You'll also need to provide a short description of your offer, to give potential buyers an idea of what you're selling and why.

5. Wait for a Buyer: After you've listed your crypto for sale, you'll receive a notification when a buyer is interested in your offer. You can then proceed to confirm the transaction and receive payment. The buyer will transfer the funds to the P2P trading platform, and once the transaction is confirmed, the funds will be released to your account.

6. Withdraw Your Funds: Once you've received payment, you can withdraw your funds to your preferred payment method. The withdrawal process is typically quick and easy, and you'll be able to access your funds within a few minutes.

In conclusion, selling crypto in Nigeria is a simple and straightforward process when using P2P trading platforms. By following these steps, you can quickly and easily sell your crypto assets and receive payment in a secure and convenient manner. Just remember to choose a reputable platform, complete the verification process, and always keep your personal information and funds secure.

In recent years, cryptocurrency has been gaining traction as a viable alternative to traditional forms of payment. With the Nigerian economy struggling and the value of the local currency in decline, many people are turning to crypto as a means of making and receiving international payments.

In this article, we will explore how cryptocurrency could change the way you make and receive international payments.


The Advantages of Cryptocurrency for International Payments

1. Reduced Transaction Fees:
Traditional international wire transfers can often come with high fees, but with cryptocurrency, the fees are generally much lower.

2. Faster Processing Times:
Transactions are processed on a decentralised network rather than going through a traditional financial institution, which can potentially reduce the processing time for international payments.

3. Increased Security:
Cryptocurrency transactions are recorded on a public ledger, known as a blockchain, making fraud or hacking difficult. You can also hold your crypto assets in digital wallets, which can be protected with a private key, increasing the security of your funds.

4. Decentralisation:
Cryptocurrency is decentralised, which means that it is not controlled by any government or institution and is not subject to political or economic instability.

5. Anonymity:
Cryptocurrency transactions are anonymous, which means that the parties involved do not have to reveal their identities, so you can enjoy private transactions without being flagged for large amounts of money during transfers.


The Challenges of Using Cryptocurrency for International Payments

1. Limited Acceptance:
Although many businesses have welcomed the use of crypto for payment of their goods and services, some businesses and organisations are not fully open to it.

2. Volatility:
The value of cryptocurrencies can be highly volatile, so the value of your funds may fluctuate significantly in a short period.

3. Lack of Regulation and Oversight:
The lack of regulation and oversight in the crypto market means there is a higher risk of fraud or scams, and you should be extra cautious when choosing a crypto exchange or wallet.

4. Complexity:
Cryptocurrency can be complex and challenging to understand for a newbie, and it might take some time to learn how to use it and store it properly. That is why it is essential to do your research and also use crypto exchange platforms that are beginner friendly, like Breet.

5. Legal Issues:
The legal status of crypto varies from country to country, and in some countries, it is banned or restricted, which makes it hard to use it for international payments.

6. The Possibility of Hacking:
Digital wallets and exchanges are vulnerable to hacking, which means that your funds may be at risk if you do not take proper security measures. Over the years, there have been many cases of hacks and scams, so it is crucial that you choose the best exchanges and wallets, pay attention and adhere to security measures to keep your funds safe.


Conclusion
Cryptocurrency can potentially change how you make and receive international payments. Its low transaction fees, fast processing times, and increased security make it an attractive option for sending or receiving money internationally. However, it's important to be aware of the challenges of using cryptocurrency and to do your own research before investing or making transactions. As the acceptance and regulation of cryptocurrency continue to grow, it will become an increasingly viable option for international payments.

Once upon a time, in the land of digital assets, a new type of collectible emerged: Non-Fungible Tokens or NFTs for short. NFTs were special because they were one-of-a-kind digital assets that couldn't be replaced by another. They were like digital fingerprints, unique and special.

People were excited about NFTs because they allowed them to own and trade digital art, collectibles, and other types of digital assets in a way that was previously not possible. Artists, musicians, and other creators loved NFTs because they provided a new way to monetize their work. Investors were drawn to NFTs because they offered the possibility of high returns.

But, as with any new and exciting technology, NFTs faced some challenges. Some criticized the high energy consumption of the blockchain technology that NFTs are built on, while others pointed out that the market for NFTs was becoming increasingly crowded and oversaturated. And, as the market began to cool off, some NFTs that had sold for millions of dollars began to lose value.

Despite these challenges, many people are still bullish on the future of NFTs. They believe that NFTs have the potential to revolutionize the way we think about ownership, art, and collectibles in the digital age. And while the market may be cooling off, they believe that this is just a natural part of the cycle and that NFTs will bounce back stronger than ever.

So, are NFTs failing already? The answer is no, not yet. Like any new technology, NFTs are facing some challenges, but they also have a lot of potentials. It's up to the market to decide whether NFTs will become a mainstay in the world of digital assets or not.



This content is written by Obinna from Breet

If you're looking to sell your Bitcoin in Ghana, there are a few different cryptocurrency apps that you can use to make the process as simple and straightforward as possible. In this article, we'll go over some of the best options available to you so you can make an informed decision about which app is right for you.

1. Breet

Breet App is the most popular cryptocurrency trading app in Ghana. It is automated, easy to use, rapid, secure, and delivers Ghana's best crypto rates.

Breet is a platform for an automatic cryptocurrency exchange that enables people and organizations to quickly convert their cryptocurrency into fiat currency in the event that you simply need to accept cryptocurrency and acquire a flat equivalent of the coin.

You might be able to avoid the tedium of repetitive charts of the cryptocurrency market and the laborious explanations of what bitcoin is and how it functions by using Breet's over-the-counter method. Breet enables users to securely convert and withdraw their cryptocurrencies into real money in less than 5 (five) minutes without the use of peer-to-peer trading or a third-party agent.

2. Paxful

Paxful is a peer-to-peer (P2P) cryptocurrency marketplace that allows you to buy and sell Bitcoin and over 300 other cryptocurrencies. The platform is available in over 190 countries, including Ghana, and offers a wide range of payment methods, including mobile money, bank transfers, and gift cards. One of the biggest advantages of Paxful is that it allows you to trade directly with other users, which can be a great option if you're looking for a more personalized experience. Additionally, Paxful's user-friendly interface makes it easy for beginners to navigate and understand.

3. LocalBitcoins

LocalBitcoins is another P2P platform that allows you to buy and sell Bitcoin in Ghana and other countries. The platform has been around since 2012 and has built up a reputation as one of the most reliable and secure options for buying and selling Bitcoin. Like Paxful, LocalBitcoins offers a wide range of payment methods, including mobile money, bank transfers, and cash deposits. Additionally, the platform has a built-in escrow service, which can help protect both buyers and sellers from fraud.

4. Coinbase

Coinbase is a popular cryptocurrency exchange that allows you to buy, sell, and store Bitcoin and other cryptocurrencies. The platform is available in over 100 countries, including Ghana, and offers a wide range of payment methods, including credit and debit cards, bank transfers, and PayPal. One of the biggest advantages of Coinbase is that it's a regulated platform, which can provide an added level of security and peace of mind. Additionally, Coinbase's user-friendly interface and educational resources make it a great option for beginners.

5. Remitano

Remitano is another P2P marketplace that allows you to buy and sell Bitcoin in Ghana and other countries. The platform offers a wide range of payment methods, including mobile money, bank transfers, and cash deposits. One of the biggest advantages of Remitano is that it has a built-in escrow service, which can help protect both buyers and sellers from fraud. Additionally, Remitano's user-friendly interface and low fees make it a great option for those who are new to buying and selling Bitcoin.

In conclusion, there are several great options available to those looking to sell Bitcoin in Ghana. Whether you're looking for a P2P platform, a regulated exchange, or a platform with low fees, there is an app that can meet your needs. Be sure to research each app and read reviews before making your final decision.

This content is written by Obinna from Breet

Have you been hearing about how blockchain is changing the game for businesses? Well, Ethereum is definitely leading the charge! As the second largest blockchain by market cap, it's packed with many features that make it an excellent choice for enterprise use cases.

If you're curious about why exactly Ethereum is so perfect for these kinds of solutions, keep reading! In this article, we dive into the nitty-gritty details and give you the lowdown on why Ethereum is the way to go for your enterprise blockchain needs.


1. Smart Contracts
One of the key features of Ethereum is its support for smart contracts. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. This allows for the automation of various processes and removes the need for intermediaries.

Smart contracts in business can be a game-changer, offering some serious perks. Take supply chain management, for instance. With smart contracts, you can track your goods as they move and make sure everyone follows the plan without any fuss. And what about digital identity checks? Smart contracts can verify a person's identity in a secure and transparent way, without the need for a middleman.

The financial world is getting in on the smart contract action too! They're being used for all sorts of things, like making digital assets, speeding up financial transactions, and even building decentralised exchanges. Big companies like ING, Santander, and JPMorgan are already testing out Ethereum's smart contract tech for things like bonds, loans, and securities. It's all part of the future of finance!


2. Decentralised Application (DApp) Platform
Ethereum is not just your average blockchain for digital assets like Bitcoin; it's also a platform for decentralised apps (DApps). DApps are apps that run on the blockchain, using smart contracts to handle tasks and keep a secure, clear, and unalterable record of transactions. It's a pretty cool feature that sets Ethereum apart.

By using DApps, businesses can make things secure, transparent, and tamper-proof, all while streamlining processes. That's why it's great for enterprise-level apps. You can use it for anything from logistics to voting systems to gaming. Companies like Microsoft, Amazon, and BP are already testing out Ethereum's DApp capabilities. It's the future of business!


3. Large Developer Community
One of the best things about Ethereum is its big and bustling developer community. They are always working on making the platform better and building new decentralised apps. That means Ethereum is always on the cutting edge, and there are tons of resources and support for businesses that want to build on it.

The large developer community also means there are plenty of Ethereum pros around, making it easier for businesses to find the talent they need. Plus, the dev community is behind a bunch of development tools like web3.js, Truffle, and OpenZeppelin. This makes building decentralised apps a breeze for developers. So, it's all good news for businesses and developers!


4. Customisable
Ethereum has got you covered, whether you want a private, semi-private, or public blockchain. That makes it perfect for any enterprise customer, no matter their needs. Use it for private and permissioned solutions, like supply chain management, or go public and permissionless for solutions in the public sector. It's all up to you!

For example, a business may opt for a private Ethereum blockchain to build a solution that only certain people can access. On the flip side, a government organisation may go for a public Ethereum blockchain to build a solution that's open to everyone. With all this customisation, Ethereum makes it easy for businesses to create solutions that meet their specific needs. That level of flexibility is one of the main reasons why Ethereum is such a popular choice for enterprise blockchain solutions.


5. Interoperability
Ethereum is open-source, so it has a lively ecosystem of developers, protocols, and tools that let systems work together and share data. This is a big plus for enterprise solutions.

Say a business has an old inventory management system they want to hook up to a blockchain. With an open-source blockchain like Ethereum, they can easily link their current system to the blockchain and enjoy the benefits of transparency and security that blockchain tech offers. Pretty cool, right?


6. Popularity and Acceptance
Ethereum is the second biggest blockchain in terms of market capitalisation, right after Bitcoin. It's been getting a lot of attention lately and is now widely known as a top choice for building decentralised apps. This makes it easier for businesses to find developers who know their way around Ethereum and for businesses to connect with other companies that have already integrated Ethereum solutions into their operations.


Conclusion
In conclusion, Ethereum is a fantastic choice for businesses wanting to utilise blockchain tech. With its smart contract capabilities, decentralised apps, thriving developer community, versatility, and widespread recognition, Ethereum has everything needed to make your enterprise's operations better. Plus, with its open-source background and continuously growing dev community, Ethereum will continue to grow and change to meet the needs of businesses for years to come.

This article is written by Somebody From Breet. Breet is an OTC crypto trading app in Africa where users can sell their crypto, convert it to cash and withdraw it directly to their local bank account instantly.

The top 10 cryptocurrencies to purchase in 2023 are listed below. In the rapidly expanding world of cryptocurrencies, it may be difficult to keep up with the latest trends and determine which coins are viable investments. We've created a list of the best 10 cryptocurrencies to purchase in 2023 because of this. These currencies have a track record of reliability and prosperity, and they are well-positioned to expand over the coming years. In this article, we'll examine each of these cryptocurrencies in detail and explain what makes them unique and why you should consider including them in a portfolio of diversified cryptocurrencies. So without further ado, let's begin!

Top 10 Best Cryptocurrencies To Buy in 2023 For Long-Term Success

Certainly! Here is a detailed look at the top 10 cryptocurrencies that you should think about investing in 2023.

1. Bitcoin (BTC)
BTC (Bitcoin) - The original and most well-known cryptocurrency, Bitcoin, continues to dominate the market. It was created in 2009 by an unnamed individual or group of individuals using the alias Satoshi Nakamoto. Since Bitcoin is decentralized, neither a governing body nor a financial institution can control it. Because it is based on a peer-to-peer network, it allows for direct value transactions between individuals without the involvement of intermediaries. Only 21 million Bitcoins are in circulation, and more than 18 million of them have been created through mining as of January 2023. It has a long history of reliability and security, and businesses all around the world accept it as a form of payment.

2. Ethereum (ETH)
Building decentralized applications and smart contracts is made feasible by Ethereum (ETH), a decentralized, open-source blockchain platform. Since its inception by Vitalik Buterin in 2015, it has developed into the second-largest cryptocurrency by market value. The Ethereum platform enables developers the choice of building and deploying their own decentralized applications or using pre-existing ones. Smart contracts can be written in their own programming language, Solidity. Ethereum's network processes transactions more fast than the Bitcoin network because it has a significantly shorter block time. It is also more versatile than Bitcoin, allowing for the creation of a wider range of applications.

3. Binance Coin (BNB)
Binance Coin is the native cryptocurrency of one of the biggest and most well-known cryptocurrency exchanges in the world (BNB). The ERC-20 currency known as Binance Coin was created in 2017 and is based on the Ethereum network. It has increased in rank to the top 20 cryptocurrencies by market cap since implementing its own mainnet. The utility token known as Binance Coin is utilized on the Binance exchange to grant customers access to particular services and minimize trade costs. It also powers the Binance Smart Chain, a platform for Ethereum-compatible smart contracts.

4. Cardano (ADA)
ADA Cardano is an open-source, decentralized blockchain technology that promises to provide dApp developers with a platform that is more reliable and scalable. It was created in 2015 by Ethereum co-founder Charles Hoskinson and is based on the proof-of-stake consensus algorithm. Cardano aims to overcome some of the scalability and sustainability issues facing existing blockchain networks and is meant to be more flexible and adaptable than other platforms. Research and development are very important to Cardano, and the company is presently working on various initiatives to improve the platform's functionality.

5. Polka dots (DOT)
In order to create a more connected and interoperable blockchain environment, Polkadot (DOT), a decentralized, open-source blockchain platform, was created. It was introduced in 2016 by Dr. Gavin Wood, one of the Ethereum co-founders. By enabling communication and data exchange between different blockchains, Polkadot allows a more seamless and integrated blockchain environment. The "Nominated Proof-of-Stake" consensus method, which lets users pick validators, is used to protect the network. With a focus on sustainability and scalability, Polkadot is designed to support a wide range of decentralized applications.

In conclusion, the top 10 cryptocurrencies to purchase in 2023 provide a variety of exciting investment opportunities. From Bitcoin, the first market leader, to more modern and cutting-edge coins like Cardano and Polkadot, this list has something for everyone. It's important to do your own research and due diligence before investing in any cryptocurrency, but these coins have a proven track record of stability and profitability and are positioned for long-term growth. Therefore, regardless of your degree of investment experience or acquaintance with cryptocurrencies, these top 10 coins are undoubted of considering as a part of a diversified portfolio.

This content is written by Obinna from Breet

The rise in popularity of the crypto industry has also given way to new job opportunities. With millions of people owning crypto assets, people have gone further to even secure jobs in this sector.

The crypto sector is indeed the fastest-growing career path in the digital economy. From 2020 to 2021, crypto job opportunities in the U.S. grew by 395%, outpacing the wider tech sector.

Today, we’ll be taking a look at some job roles in the crypto industry and how to secure a job.


Job Roles In The Crypto Industry

1. Blockchain Developer:
Developers develop decentralised applications and smart contracts and understand the architecture and protocols of blockchain technology. Developers program, develop, and test software and systems. There are two main types of blockchain developers, a core blockchain developer and a blockchain software developer.
To be a blockchain developer, you must have knowledge and skills in complex programming languages such as JavaScript, C++, C#, Go, Solidity, and Python.

2. Writer/Content Creator:
According to The Word Factory, content is information presented with a purpose and distributed to people in a form through a channel. Content creation is creating cryptocurrency materials to entertain, inform, or educate across any social channel.
Crypto-related content can come in the form of blog posts, social media posts, videos, webinars, whitepapers etc.


3. Community Manager:
Community management is another good sought-after skill that has become quite popular and recognised in the crypto industry. Due to the importance of a community in the crypto space, it is essential that there is a community manager. A community manager is in charge of building a community among crypto users, team members, and partners through different means.
To create a futuristic environment, blockchain projects employ effective community management strategies.


4. Analyst:
A crypto or financial analyst studies cryptocurrencies and recommends investment opportunities and general financial strategies to investors and consumers.
According to DX Factor, a cryptocurrency analyst’s job responsibility is to analyse and predict trends, pricing, demand, and trading volumes of any number of crypto assets that are currently available.


How To Start a Career in Crypto
You now have knowledge of some careers in crypto; now, how do you begin your career in this sector?

1. Learn about cryptography.
2. Learn About Cryptocurrencies and familiarise yourself with them.
3. Join a crypto community and learn from industry experts.
4. Develop the necessary skills in the career path/job role you want to venture into.
5. Apply for internships, as that is an excellent way to start to test the waters of the industry.


Final Words
Crypto certainly has tremendous potential as a boost for change in the tech industry. However, if you want to explore this space, several skills in tech and extensive knowledge of blockchain technology are needed to enter this sector.

This article is written by Somebody From Breet. Breet is an OTC crypto trading app in Africa where users can sell their crypto, convert it to cash and withdraw it directly to their local bank account instantly.

Sam Bankman-Fried, the former CEO of FTX, has been detained by the Bahamas police, the country's attorney general announced on Monday, adding that the Bahamas has received official notice from the US of the criminal accusations brought against him.

The Bahamas attorney general's office informed Reuters that Bankman-Fried was anticipated to be extradited to the US but would not elaborate on the charges.


Bankman-Fried was arrested, and according to a statement posted on Twitter by Damian Williams, US attorney for the southern district of New York, the linked indictment would be made public on Tuesday morning. At that time, "[We] will have more to say," he declared.

The former CEO was supposed to appear before US legislators on Tuesday for the first time since FTX's demise. Just hours before his arrest, Bankman-Fried, who has been vocal throughout FTX's downfall on his Twitter account and in public appearances, was tweeting.

He had announced earlier in the day that he would be "calling in" from the Bahamas to the House Financial Services Committee meeting. Bankman-Fried stated during a Monday Twitter Spaces event with the Twitter account Unusual Whales that it was challenging for him "to move right now and travel because the paparazzi effect is fairly strong."

Congresswoman Maxine Waters, the committee's chair, expressed disappointment that Bankman-Fried would not be attending the hearing tomorrow in a statement.

The American public deserves to hear directly from Mr. Bankman-Fried about the activities that have damaged more than one million people and destroyed the hard-earned life savings of so many, she added. "The timing of this arrest denies the public this opportunity to get these answers on oath before Congress," the public said.

John Ray III, the new CEO of FTX, would still address the committee, according to Waters. The collapse of the energy giant Enron was likewise overseen by Ray, a seasoned bankruptcy expert, who dubbed FTX an "extraordinary and utter failure of corporate controls" that he had never seen before in his 40-year career.

In a prepared statement obtained by Reuters, Bankman-Fried said that attorneys who were advising his company at the time put pressure on him to nominate Ray as chief executive in early November. Shortly after, he claimed, he received a "possible financial offer for billions of dollars to assist make customers whole," but it was too late to reverse the action.

Last month, FTX sought US bankruptcy protection, and Bankman-Fried resigned as CEO, sparking a public outcry for more regulation of the cryptocurrency sector.

Traders hurried to remove $6 billion from the struggling cryptocurrency trading platform in just 72 hours, while rival exchange Binance abandoned a proposed rescue deal, making it difficult for the firm to raise money to prevent collapse.
Sam Bankman-Fried has been released with a bail of 24 million US dollars. Many FTX users are criticising the judgement and claim that he bribed the jury to be free. Many are not happy about his release. Do you think Sam Bankman-Fried be in jail?


This report is written by Obinna from Breet

Over the years, cryptocurrency has grown significantly in popularity and gathered a lot of users. As of 2022, there are over 350 million crypto users worldwide, with an average rate of 4.2% crypto ownership, according to Triple A.

There are over 21,000 crypto coins in existence and hundreds of cryptocurrency exchange platforms with millions of dollars in daily trading volume.

The increase in the global adoption of digital currencies has brought significant growth in the number of investors who put money into crypto and trade every day.

Cryptocurrencies are not backed by real-life assets but can be invested in. Like any other investment type, such as stocks etc., crypto can be invested in two ways- long-term and short-term.

What does it mean to invest long-term and short-term, and which is a better option? Let’s find out.


What Is a Short-Term Investment?
Typically, a short-term investment is one you make for less than three years. When it comes to cryptocurrency, short-term investing can be just a single day, which is known as Day Trading. Crypto Day Trading involves crypto investors buying and selling crypto coins on the same day to profit from quick price changes.
Investing in crypto on a short-term basis could be within months, days or even hours. And if you are smart and skilled enough, you could get a high return on investment in a single trading day.


What Is a Long-Term Investment?
A long-term investment refers to any asset you hold for more than five years, but with cryptocurrency, it could be considered long-term if you hold it for over a year.
At the start of 2021, Bitcoin was a bit over $30,000, but within a couple of months, it rose to as high as $68,000 in November 2021. A person who purchased 1 Bitcoin in January 2021 and held on to it till November 2021 would have gained a profit of $30,000.


Short-term vs Long-term Investment strategy in Crypto: Which Is Better?
Investing in crypto long-term is the relatively most popular investment type. When most people think of investing in crypto, the famous “buy, hold and sell’ comes to mind. This refers to purchasing a crypto asset, holding on to it until it increases in value and then selling it. Of course, this is the same with short-term investing, but with long-term investing, you hold on for more extended periods.

With short-term crypto investment strategies such as Day Trading, you could make up to $100 daily, more or less. Meanwhile, as earlier shown with the example of the $38,000 profit, you could make up to thousands of dollars with long-term trading.

But they still have their risks.

When it comes to Day trading, the fast trading of cryptocurrencies makes it possible for you to miss a huge profit opportunity when the crypto asset is at its highest selling price.

Also, with long-term cryptocurrency investments, you cannot predict how the crypto market will go. For example, in November 2021, Bitcoin was worth $68,000, and now in December 2022, Bitcoin is worth about $16,000.

Now, which of these two cryptocurrency investment types is the best option? There is no direct answer to that. Both long and short-term crypto investments have their risks and advantages. To select the best choice for you, you must determine it based on your financial goals and your entry and exit plans.


Conclusion
As mentioned earlier, there are risks when it comes to all types of investments, whether short or long-term.

They both have distinct characteristics that set them apart, so to pick a suitable choice, research more about them and align them with your goals to know which is best for you.

Note that none of the information in this article should be taken as financial advice.

This article is written by Somebody From Breet. Breet is an OTC crypto trading app in Africa where users can sell their crypto, convert it to cash and withdraw it to their local bank account in less than five minutes.

Since the first-ever cryptocurrency was launched in 2009, a lot has happened in the crypto industry- from experiencing an all-time high of $68,000 to even experiencing various crashes which extended to long crypto winters.

While 2021 was a good year for cryptocurrency and the NFT industry, 2022 did not quite go as planned. According to a study by Dune Analytics, non-fungible tokens fell to around $466 million in September from $17 billion recorded in January.

So, what should we expect from the crypto industry in 2023? Keep reading to find out.


5 Crypto Predictions To Look Out For In 2023

1. Increase in the adoption of Bitcoin:
Bitcoin was launched in 2009, and since then, it has grown tremendously. From being worth nothing in 2009 to now being worth over $16,000, Bitcoin has significantly grown in popularity and value and has millions of users worldwide. Despite the significant popularity of Bitcoin among people globally, its adoption is said to increase in 2023.
More countries will open up to the digital currency, more people will invest in it, and more businesses will accept it as a payment option.

2. We May Say Goodbye To a Lot Of Memecoins:
Meme coins are digital currencies or cryptocurrencies created initially as a joke or mimicking mainstream crypto coins. Dogecoin was the first ever meme coin created, and it was launched in 2013. Since then, over 200 meme coins have been created; some survived and grew significantly (for example, Shiba Inu), while some failed (for example, SQUID token).

3. Ether Will Surpass Bitcoin in Performance:
Ether is the native crypto for the Ethereum blockchain and network, and in 2022, it outperformed Bitcoin. In 2022, it gained 418 per cent as opposed to 66 per cent for Bitcoin. Although it might take a long time to overtake Bitcoin in value, in 2023, ETH is expected to continue to outperform Bitcoin.

4. The Beacon Chain will be enabled for withdrawals on Ethereum:
The long-talked-about Merge happened in September of 2022, which resulted in the Ethereum Mainnet merge with the Beacon Chain and converting to a singular blockchain with a proof-of-stake consensus mechanism. In return for committing Ether, stakers currently receive ~5% interest rates annually. Withdrawals, however, have yet to be enabled, potentially inhibiting adoption. When withdrawals from the Beacon chain have been enabled, stakers will have more faith to commit capital to the protocol. The percentage of ETH staked could rise from ~13% to above 25%

5. NFTs will grow past the era of “Jpeg”:
In 2023, it is expected that non-fungible tokens will move past the era of mainly JPEG forms of NFTs, and more forms will take centre stage. For the past two years, with the increase in the performance of NFTs and the NFT market, JPEG NFTs will become a multi-billion-dollar asset class.
Although the sale of JPEG non-fungible tokens will still carry on, other forms of NFTs are expected to rise in 2023.


Conclusion
2021 was a good year for the crypto and NFT industry, but the same cannot be said for 2022. As the year draws to a close and we are going to 2023, we are hopeful for the year.

Kindly note that none of the information above should be taken as financial advice.

This article is written by Somebody From Breet. Breet is an OTC crypto trading app in Africa where users can sell their crypto, convert it to cash and withdraw it directly to their local bank account instantly.

Ghana has seen an increase in interest in cryptocurrency, and Bitcoin is one of the most popular options for investors and traders. If you're looking to buy Bitcoin in Ghana, Binance is a reputable exchange that offers a wide range of payment options. Here's a step-by-step guide on how to buy Bitcoin on Binance in Ghana:

1. Create an account on Binance: The first step is to create an account on Binance. Visit the Binance website and click "Sign Up" to create a new account. You'll need to provide your email address and create a secure password.

2. Verify your account: In order to buy Bitcoin on Binance, you'll need to verify your account. This usually involves providing proof of identity, such as a passport or national ID card. Binance may also ask for proof of residence, such as a utility bill.

3. Deposit funds: Once your account is verified, you'll need to deposit funds into your Binance account. Binance offers a range of payment methods, including bank transfers, credit/debit cards, and e-wallets like PayPal and Skrill. Choose the payment method that works best for you and follow the instructions to complete the deposit.

4. Buy Bitcoin: Once your funds are deposited, you're ready to buy Bitcoin. Go to the "Exchange" tab and search for "BTC" (the ticker symbol for Bitcoin). Select "Market" to buy Bitcoin at the current market price, or choose "Limit" to set a specific price at which you want to buy. Enter the amount of Bitcoin you want to buy, review the details of your order, and click "Buy BTC" to complete the purchase.

That's it! You've successfully bought Bitcoin on Binance in Ghana. And when you want to sell your BTC at the best and highest rate in Ghana, Breet is your guy!

You can easily sell Bitcoin and other cryptocurrencies with Breet for Mobile Money. Very fast, secure and convenient. You should check Breet out!

Remember to always do your own research and due diligence before investing in cryptocurrency, and never invest more than you can afford to lose.

The year is 2022, and both the business and the wider world are evolving. What if I told you that there was a way to accept bitcoin payments without having to worry about having little to no understanding of cryptocurrencies? I'll be covering all you need to know about the top app for accepting cryptocurrency payments for your company in this article.

With the OTC cryptocurrency trading app, Breet, you can quickly receive cryptocurrency, turn it into cash, and deposit it directly into your local bank account.

Breet accepts the following cryptocurrencies and is available in Ghana and Nigeria.
1. Bitcoin (BTC) (BTC)
2. Ethereum (ETH) (ETH)
3. Litecoin (LTC) (LTC)
4. Dogecoin (DOGE)
5. Bitcoin Cash (BCH)
6. Tether (USDT) (USDT)

How To Receive Crypto Payment With Breet App

There are several benefits to using Breet as your company's payment gateway. Following is a list of some of them:

1. Instant Fiat Payment: You can instantly convert cryptocurrency to your fiat currency with Breet.

2. No withdrawal fees: When you withdraw to a local bank account, there are no withdrawal fees to pay.

3. Safe: Your wallet is incredibly secure and uses two-factor authentication, so you don't have to worry about anything happening to it.

4. There is no withdrawal cap, so you can deposit whatever amount into your bank account without being concerned about additional costs or restrictions.

5. Breet offers excellent customer service, which is available around-the-clock to address all of your needs and inquiries. Contact their support staff at support@breet.app or by phone or WhatsApp at 08090569499.


What Makes Cryptocurrency a Good Payment Method?

The business world is developing, as I mentioned earlier, and the globe at large is changing. Cryptocurrency can be used to pay at establishments like Microsoft, Starbucks, Amazon, Home Depot, and even some fast food chains.

So why should you also take it as a form of payment?

Your market reach increases when you accept cryptocurrencies as a form of payment rather than just your local currency.

Additionally, if you accept digital currencies like Bitcoin or Ethereum, you will profit more from your investment when the price rises and you may exchange your Bitcoin for Nigerian Naira in the future.

Even if you are unfamiliar with the cryptocurrency world, Breet makes it quick and simple to accept bitcoin as a form of payment for your company. The finest app for businesses to accept cryptocurrency payments is called Breet, and it handles all the complicated details for you. Therefore, you may relax, make payment invoices, and accept cryptocurrency payments without any risks or anxieties.

Please contact their support team at support@breet.app or call/WhatsApp at 08090569499 if you require assistance.

There is always a need for liquidity of crypto assets, and what is better than a crypto trading platform that can offer that to you in the most seamless way possible?
To learn more about how to convert Bitcoin to Naira and the best platform to do so, keep reading.


What Is Bitcoin?
Bitcoin is a decentralised digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a publicly distributed ledger called a blockchain.
Launched in 2009, Bitcoin was the first-ever cryptocurrency and has paved the way for over twelve thousand crypto coins to be created. As the largest crypto in the world by market capitalisation (323.59 Bn), Bitcoin is also the most popular and widely traded digital currency.


The Adoption Of Cryptocurrency in Nigeria
The use of cryptocurrency to store and transfer assets has become prevalent among Nigerians.
Despite the restriction of cryptocurrency transactions by the Central Bank of Nigeria in February 2021, a large percentage of Nigerians have adopted digital currencies, primarily because of the economic uncertainties in the country.
Over the past couple of years, the Naira has declined in value. In the past nine years, it has depreciated 209 per cent, and inflation has increased 19 per cent. This has affected many people and businesses in Nigeria, so they have turned to digital currencies.
Due to the increase in interest and adoption of crypto among Nigerians, crypto exchanges have emerged to suit their interests to make crypto trading as seamless as possible. One of the crypto exchanges is Breet.


What Is Breet?
Breet is a cryptocurrency trading app where users can instantly convert their Bitcoin to Naira and withdraw it directly to their local bank account.
Using an over-the-counter trading method, Breet is perfect for a wide range of people, from crypto newbies to experts. By using Breet, you do not have to worry about the complexity of cryptocurrency because Breet takes care of all of that for you.
With an easy-to-navigate mobile app, best selling rates, good customer service and fast withdrawals, Breet is perfect for users who want quick cryptocurrency liquidity.
Breet is available in Nigeria and Ghana and can be downloaded on Google Play Store and Apple App Store.


How To Convert Bitcoin To Naira On Breet
Below is a step-by-step process to convert Bitcoin to Nigerian Naira on Breet.

1. Register/Login to your Breet account.
2. On the home dashboard, click on BITCOIN.
3. Next, you need to generate a Bitcoin wallet address if you haven’t already done this.
4. Send your wallet address to the sender. You can share your wallet address by having the sender scan the QR code, copy the wallet address to your clipboard or click on the share icon, and choose your other preferred options.
5. Rates are displayed on the Bitcoin wallet page, and there are different rates for the various ranges of Bitcoin in (USD) received in your wallet.
6. Following blockchain confirmation, the Naira equivalent of Bitcoin is instantly shown and added to your wallet balance.

After this, you can manually withdraw your funds to your local bank account. If your AUTOMATIC SETTLEMENT feature is turned on from settings, it will automatically be sent to your local bank after completing the transaction.


Conclusion
The significance of Bitcoin in today’s world cannot be overemphasised. The world has grown beyond the point of relying on only fiat currency for transactions and store of wealth. Bitcoin has continued to grow daily, and its number of uses has also increased; from purchasing goods and services to even fundraising, Bitcoin has continued to prove its worth in our daily lives.
Nigeria has become one of the leading countries in cryptocurrency, which has brought about the need for exchanges that can cater to the need of Nigerians, and that brought about Breet.
For further inquiries, you can reach out to a representative at support@breet.app or Call/Whatsapp at 08090569499.

We cannot ignore the meme coins' rising popularity, given that it is currently one of the most valuable cryptocurrencies in the world by market capitalization. As more individuals invest in it daily, it has quickly acquired some foothold in Nigeria as well. There comes the point when you want to sell your investments completely, or even just a tiny portion of them, and change them into your local currency. We'll go through how to change Dogecoin to Naira in this article.

Users can instantaneously sell their cryptocurrency on the Breet platform, convert it to cash, and deposit the proceeds into their local bank accounts. Breet makes selling DOGE simple and quick, taking only a few minutes.

Breet - Best Crypto App To Sell Dogecoin To Naira

Breet is an over-the-counter (OTC) exchange program, in contrast to the peer-to-peer trading model used by the majority of crypto exchanges.

This makes selling your cryptocurrency on Breet much simpler and safer. There is no need to be concerned about middlemen getting involved because the process is assured to be completely private for you.

With Breet, you get free crypto wallets that can receive crypto from anywhere in the world. Other cool features of Breet include:

1. Instant withdrawal to your local bank account for free
2. No deposit fees
3. No hidden charges
4. Crypto Glossary
5. Latest crypto news section
6. Incentives
7. Reward points for every transaction, which you can redeem for cash or airtime
8. Rate calculator
9. Referral code

Breet is well-known for its exceptionally clean layout, which is simple to use and pleasing to the sight, in addition to all these wonderful features.

You may trade other cryptocurrencies on Breet in addition to Dogecoin, including Bitcoin, Ethereum, USDT, Bitcoin Cash, and Litecoin.

It is currently offered in Nigeria and Ghana, and there are plans to make it available in additional African nations.

You can contact a representative via email at support@breet.app or by phone or WhatsApp at 08090569499.

How To Convert Dogecoin To Naira on Breet App

Selling your DOGE on the Breet app is simple and only requires a few steps, as shown below.

1. Log in/Register

2. On the home dashboard, select Dogecoin, which then opens up the DOGE trade page.

3. Generate wallet your address

4. Send wallet address to the sender (you can do this by copying your address to your clipboard and pasting it or having the sender scan the QR code displayed).

5. Once the sender sends the Dogecoin, after a minimum of 3 confirmations from the blockchain network (which you can track on your end), the naira value of the amount sent will be automatically shown.

6. If your “automatic settlement” feature is turned on, you will immediately receive your naira equivalent in your local bank account. If it is not turned on, select the option to withdraw.

Conclusion

Breet is the ideal option if you're seeking for the greatest website to exchange your Dogecoin for Naira. It ensures a seamless trading experience from beginning to end with a customer-centric structure.

Because transactions only take a few minutes, the app has a ton of other features to keep you interested and hooked.

It is not necessary to spend a lot of time and effort selling your cryptocurrency. Start using Breet right away.

It is accessible on both iOS and Android.

We have heard of inspiring Bitcoin millionaires such as CZ, The Winklevoss twins and many more. They amassed their fortune through various business deals and through the world of crypto. While these Bitcoin millionaires are enjoying the wealth brought about by Bitcoin, let us say a prayer for the Bitcoin millionaires who never were.
From misplacing private keys to literally throwing away their hard drives, today, we'll be discussing four people who lost access to millions worth of Bitcoin.
Make sure you grab your tissues because these stories might hurt you a bit.
Let's get into it.


4 People Who Lost Access To Millions Worth of Bitcoin

1. James Howell:
James is an IT worker from wales who started his mining journey way back in 2009 with his personal computer. He stopped mining in 2013 when he had already amassed 7,500 Bitcoin through mining. When he stopped mining Bitcoin, he sold off his computer parts on the popular online store eBay. However, he held on to the hard drive which contained his Bitcoin wallet, with the hope of a rise in the value of Bitcoin someday.
During a cleaning session of his house in 2013, he accidentally tossed the hard drive in the trash, and it was taken to a landfill in Newport, South Wales. It was deeply buried alongside heaps of trash at the landfill.
He made an offer to the Newport town council to search the area, but unfortunately, it was declined.
Note that 7,500 Bitcoin is currently worth over $129 million.

2. Matthew Mellon:
Known to be a descendant of prestigious individuals in the finance sector- the founder of Mellon Bank, Thomas Mellon and Anthony Joseph Drexel, a banker whose investment firm was equivalent to Drexel Burnham Lambert. Matthew Mellon was a wealthy crypto investor famous for his investments in crypto coins- XRF and Ripple.
Unfortunately, he passed away in 2018, just at the age of 54. Regrettably, he kept his private keys in cold wallets that were shared in different banks across the country. He never shared with anyone the name of the exact banks where the wallets were kept or what the private keys were.

3. Stefan Thomas:
Stefan Thomas is a software developer from San Francisco. For five years, Stefan Thomas served as the chief technology officer at Ripple. He is a crypto expert who started earning in cryptocurrency even before we all knew what it was.
For a certain work he did, he was renumerated with 7002 Bitcoins. He stored it all in a crypto wallet, and the worst thing happened, he lost his password. With a total of only 10 tries to open the wallet, Thomas tried various password combinations eight times, leaving it in the hands of people on social media to try and guess the password with the remaining two tries. He soon accepted his fate with his lost Bitcoin fortune and moved on.

4. Mark Frauenfelder:
As one of WIRED's founding editors, Mark was also a research director at the Institute for the Future'sFuture's Blockchain Futures Lab in January 2016.
While trying to get the hang of his new job, he decided to dabble in cryptocurrency by purchasing 7.4 Bitcoin, which was worth about $3,000 at the time.
Frauenfelder stored his Bitcoin in a web-based crypto wallet, and a couple of months later, his Bitcoin had risen so much in value.
He became worried about how secure the web wallet was, so after some research, he purchased a cold wallet from Trezor.
While setting up his cold wallet, he inputted a 24-word password to generate his private key and a five-digit PIN.
As he transferred all his Bitcoin to the wallet, he wrote the password and PIN down on a piece of paper and kept both the wallet and paper in the desk drawer. But unfortunately, during the week, someone from a cleaning service threw the paper into the trash.
He was pretty unbothered because he knew he could make use of the PIN to get access to his Trezor cold wallet and his Bitcoin in it.
But when he tried to start up the wallet, he inputted the wrong PIN code.
He soon learned that every time a wrong PIN is entered, Trezor has a time delay. Every time the incorrect code is entered the time delay doubles.
Over a few days, he tried various codes but to no avail.
A couple of months passed, and he went on the r/TREZOR Reddit thread and came across some people who could exploit the new Trezor firmware update. Through a lot of machinations, loading of an exploit, some soldering, and a fee of 0.85 BTC, he was able to recover the PIN and passwords, and he was able able to get his 7.4 Bitcoins back.


Conclusion
Only some people can be as lucky as Mark Frauenfelder by getting their lost Bitcoin back. A lot of people have struck gold by amassing millions of fortune in Bitcoin and gone ahead to enjoy the wealth, while some have lost it along the way.
While some have lost their assets due to hacks and scams, some have lost them due to carelessness. You must keep your wallets, passphrases and PIN codes safe.
Always remember; even though blockchain technology is safe and secure, it is your responsibility to keep your wallet and personal information safe.

This article is written by Somebody From Breet. Breet is an OTC crypto trading platform in Africa where users can sell their crypto, convert it to cash and withdraw it to their local bank account within seconds.

You may wonder what the best crypto trading platform to sell Bitcoin (BTC) in Nigeria is. The top app for selling bitcoin in Nigeria is still Breet App. It offers the greatest bitcoin rates in Nigeria and is automated, user-friendly, quick, safe, and speedy.

In the event that you merely need to accept BTC and obtain Cash equal in their coin, Breet is a platform for an automatic cryptocurrency exchange that enables individuals and organizations to rapidly convert their cryptocurrency into fiat currency.

By employing Breet's over-the-counter approach, you may be able to skip the misery of recurring charts of the cryptocurrency market as well as the tiresome reasons of what bitcoin is and how it works. Without using peer-to-peer trading or a third-party agent, Breet enables users to safely convert and withdraw their cryptocurrencies into real money in less than 5 (five) minutes.

You can have money in your bank account in only a few clicks and within five minutes. The fact that businesses can now accept cryptocurrencies as a payment method without making their customers wait hours to confirm the purchase is a wonderful benefit all by itself. In addition to selling Bitcoin in Nigeria, Breet App also allows you to sell other cryptocurrencies like Ethereum, USDT (Tether), Dogecoin, Litecoin, and Binance Cash.

There are no fees for processing, receiving, or withdrawing money. Breet hasn't issued any sort of charges.

Many Nigerian bitcoin vendors no longer have issues with high or odd fees thanks to Breet's simplicity of use.

On Breet, there is no cap on how much you can deposit or withdraw. Before you can sell your BTC, you don't want to have thousands of Naira in bitcoin.

Breet is easy, inexpensive, and well-liked. Before admitting that Breet is probably, the best cryptocurrency trading app to sell Bitcoin in Nigeria at the highest rates at the moment, there isn't normally much sweetness to add. The Breet app's stellar reviews offer compelling proof.

Other Features Of Breet

Bonus Points:

You gain 800 reward points for each transaction you complete on Breet. You receive a praise point for every dollar deposited in your wallet, which you can then exchange for cash or airtime.

Crypto Rate Calculator:

The fee calculation feature on the Breet app allows you to determine how much your BTC sent to your pockets would be worth in Naira based on the current exchange rate. Simply enter the necessary data, which includes the cryptocurrency kind, fiat currency type and USD amount. Once all of this information has been entered, you must click “Calculate” so that your final total and the current day’s price can both be shown.

Automatic Resolution:

Recently, Breet has been given a brand-new function. Customers can use this feature to automatically retract their price range after each transaction. Users can choose whether to turn this option on or off. When turned on, your budget could be converted and withdrawn instantly to the given local bank account following each transaction.

Incentives:

You receive 200 praise points as rewards on Breet when you are 100% certain that all of your tasks were completed correctly. These praise points can be exchanged for money or airtime.

Refer and Get Paid:

Everyone has a referral code that, when shared with non-customers, can earn them 200 praise points when they complete up to a $100 transaction(s).

Authentication with two factors:

Protection could be crucial for a crypto-alternative network, and Breet doesn’t take that responsibility lightly. They use two-element authentication as a delivered layer of protection to keep consumers’ budgets secure.

Whenever you want to sell Bitcoin in Nigeria or Ghana, always use Breet to enjoy these unique settlements. Download Breet App Here.

The world is evolving, and the internet is not how we have always known it, thanks to web3 and the metaverse. Although the internet is evolving into a different stage and generation, because of these two things, they are not quite the same.

Both Web3 and the metaverse depend on the use of blockchain technology. Web3 is the new generation of the internet, while the metaverse brings about a new way to see the world and interact with each other.
Let’s dive into their definitions before we look at some key differences between them.


What is Web3?
The internet we use today is entirely different from how it was 10 years ago; this is because new generations of the internet have come and gone, and the new generation- Web3, is slowly coming to light.
In the past, we had Web1, then web2 and now Web3. Let’s explain them one by one.
Web1 was the first generation and the earliest form of the internet. It consisted of only static pages and was referred to as read-only as it was only for the use of people to look for information and not contribute. Web2 came about, and this generation brought about people actively contributing to the internet as it became a participative social Web. Web2 brought about blogging, commenting, social media and more.
This brings us to the latest generation of the internet- Web3. The semantic web converts web technology into a tool for creating, sharing, and connecting content utilizing search and analysis. Web3 is based on the understanding of words instead of just numbers and keywords with the use of Artificial Intelligence and Machine Learning. Combining these concepts with Natural Language Processing (NLP) will result in a more innovative and responsive computer using Web3.
With this generation of the internet, users have control over their information and content, and they can decide to trade them without losing ownership, risking their privacy or relying on intermediaries.


What Is The Metaverse?
This is a concept of an online, continuous 3D universe that brings together numerous virtual spaces. With the metaverse, users to work, meet, game, and socialize with each other in these 3D spaces.
It uses virtual reality, augmented reality, blockchain technology, and concepts from social media to create spaces for users to interact, mirroring the real world.
In the metaverse, each user will be represented by a character or avatar while controlling them. With these avatars, users can interact with other people, go shopping, buy land, buy houses, play games, attend events and more!


Web3 vs The Metaverse: Is There Any Difference?
With the definitions of the two terms given above, you can probably point out that although these two might be connected in a way, they are not the same.

The metaverse uses web3 in a way that you need the internet to access the metaverse, and the generation of internet used is web 3.0.

Another significant difference is that with the use of Web3, the ownership of users is decentralized, and they have control over the web. But with the metaverse, there is a shared online environment which allows people to interact, create economies, and engage in real-time communication regardless of ownership.

The metaverse uses technologies such as augmented reality (AR), virtual reality (VR) and cryptocurrencies. On the other hand, Web3 is built on blockchain and digital currencies. This is due to the structure of Web3, which is decentralized, and there is an absence of notable corporate control.


Conclusion
The new generation of the internet- Web 3.0 and the new world reality- Metaverse- have similar backgrounds in some aspects, but they are not the same concept.
While The metaverse is a new reality and experience in gaming, shopping, communication and more, Web3 is simply a newborn generation of how the internet works.

This article is written by Somebody From Breet. Breet is an OTC crypto trading platform in Africa where users can sell their crypto, convert it to cash and withdraw it to their local bank account within seconds.

Financial institutions are not permitted to settle bitcoin transactions, according to the Central Bank of Nigeria (CBN). Despite recent modifications to SEC regulations after more than 19 months, this effectively makes the use of Bitcoin illegal in the nation. Bitcoin has established itself as a digital asset and has been widely adopted and used by people.

How Will the Latest Regulation in Nigeria Affect Bitcoin?

On May 20, 2022, the Nigerian SEC released a set of regulations to regulate the creation, exchange, and storage of digital assets. Many of the alleged problems in the Nigerian bitcoin market are intended to be fixed by these new rules on digital assets. Similar to what SEC stated on September 14, 2020.

The long-awaited regulation, according to reports, is an effort to regulate how digital assets are used in Nigeria. The regulatory guideline outlines the laws that apply to cryptocurrencies besides bitcoin, including those that govern the establishment of new digital assets. But nowhere in the text does it mention bitcoin.

However, some of the new rules do apply to companies that might provide their customers with Bitcoin services. However, it might also offer services using different cryptocurrencies. The rule lists a number of organizations as qualified entities, including Virtual Asset Service Providers (VASP), Digital Asset Offering Platforms (DAOP), Digital Asset Administrators (DAC), and Digital Asset Exchanges (DAX).

The SEC also stated that a DAOP operator would be permitted. Only in the event that they could provide proof of their 500 million Naira "minimum paid-up capital" and a valid fidelity guarantee covering at least 25% of that capital.

The SEC may also deny a request to register a digital asset if its operation runs counter to public policy, puts investors in danger, or otherwise violates laws, rules, and regulations. The Commission further stated that the rules may be periodically revised in order to ensure that digital assets or securities have the proper regulatory liquidity.

Concerns have been raised concerning the outcomes if this law is successful, especially in nations where the use of BTC is rising. This rule may pave the way for a gradual easing of CBN restrictions. It's possible to prevent Bitcoin transactions by establishing know-your-customer regulations and monitoring transactions made on exchange platforms.

This could discourage Bitcoin users from using authorized cryptocurrency exchanges. Because it contradicts Bitcoin's essential principles of privacy and decentralization, which many find appealing.

Bitcoin and the Continued CBN Ban

Financial institutions are not permitted to provide transactions related to cryptocurrencies since the CBN ordered the suspension of accounts that provided cryptocurrency-related operations. The choice was taken at a time when Bitcoin's (BTC) price was sharply rising, and there was a significant influx of new users.

According to the CBN, the prohibition on Bitcoin in Nigeria restricted financial institutions' access to the cryptocurrency market rather than outright banning cryptocurrency-related activities there. Many people have described the action as CBN's attempt to prevent system failures. Particularly if financial institutions begin to make larger investments in the highly volatile cryptocurrency sector.

Different industry experts who thought the CBN's mandate was bad sparked conflicting answers. The SEC was now exposed to its laws and regulations as a result. Even if the SEC has already delivered on its commitment to present legal rules for dealing with digital assets. Financial institutions are still permitted to support cryptocurrency-related transactions after the implementation of this new rule.

To make it simpler to use Naira online, Nigeria launched eNaira, a Central Bank Digital Currency (CBDC), in October 2021. The eNaira is substantially different from Bitcoin even though both currencies are based on blockchain technology. This includes the fact that it derives its value from a digital version of the naira instead of from a traditional financial asset.

Although Bitcoin is becoming more and more popular in Nigeria, the government's official position has not changed. And the CBN's ban on Bitcoin remains in force in Nigeria.

Bitcoin Has Succeeded in Nigeria Regardless of the Regulation

The Nigerian government's Bitcoin restriction on commercial firms made it challenging for people and organizations to conduct cryptocurrency transactions. However, Bitcoin has been extremely successful in Nigeria.

Statistics from Paxful and LocalBitcoins have shown that Nigeria reports an unusually high number of peer-to-peer transactions. The fact that Nigeria saw a 15% yearly growth in P2P Bitcoin trade after the critical bank ban is also supported by the data.

Despite the dismal country, the price of bitcoin has managed to hold steady and is now beginning to show indications of recovery. Additionally, this has led to a public uproar in Nigeria for a number of the nation's economic organizations to formally approve the use of Bitcoin.

If Bitcoin remains a popular innovation in the upcoming years, CBN might opt to defy the trend. Remove the prohibition on domestic financial firms as well. SEC regulation, however, is merely a guide for bringing stability and control to the Nigerian Bitcoin market until that time.

To learn more about cryptocurrency and the latest bitcoin news in Nigeria, kindly follow our blog.

Forex trading and cryptocurrency trading are both quite popular, and they are often taken for each other by newbies. With the misconception of the two types of trading, it is evident that most people do not know much about them.
While they both have similarities, such as requiring trading accounts and an internet connection and using charts, they also have differences that set them apart.
Let’s look at some of the critical differences between crypto and forex trading. But firstly, what are they?


What is Forex Trading?
Forex stands for Foreign currency exchange, and according to Investopedia, foreign exchange is the process of changing one currency into another for a variety of reasons, usually for commerce, trading, or tourism. They are traded on what is called the Forex Market.
Currencies trade against each other as exchange rate pairs. For example, EUR/USD is a currency pair for trading the euro against the U.S. dollar.
Since there are such large trade flows within the system, rogue traders have a difficult time influencing the price of a currency because currency trading is risky and complex. This system helps create transparency in the market for investors with access to interbank dealing.


What is Cryptocurrency Trading?
Cryptocurrency trading, on the other hand, is the act of buying and selling crypto coins with the aim of making a profit through the increase in value of the digital currencies.
Crypto trading is done 24 hours a day and all 7 days a week, and they can be traded on a crypto exchange platform or a specialised brokerage. You have two ways to invest from these two ways: trading price movements through cryptocurrency CFDs or by owning the asset itself.


4 Differences Between Cryptocurrency and Forex Trading

1. Volatile Nature of The Market:
When it comes to Forex, the Forex pairs have high daily trade volumes with recurrent movements within narrow bands. This high volatility rate, in contrast with other asset classes aside from cryptocurrencies, is what captivates many traders.
On the other hand, the cryptocurrency market suffers more of it in this aspect. Even in a single trading session in a day, a crypto coin can be affected even by the slightest market movements.


2. Liquidity:
The Forex market is highly liquid, and in 2019, the trading volume surpassed $6.6 trillion. One of the main advantages is that nevertheless your position size, you will be able to purchase or sell your selected instrument easily. Without material slippage, and because of this, you can always back out of the trade at a price that is equal to or very close to the price that you see on the screen.
But this is not the case for most cryptos. The overall market cap of crypto is less than $2 trillion, and Bitcoin takes up over %45 of that. Traders may have difficulty getting out of cryptocurrencies at their desired price since trading is not nearly as active as in Bitcoin.


3. Size of Market:
Forex is a large market, mainly because it is a real-time exchange of foreign currencies dependent on international entities, including companies, banks, investors, funds, and individuals.
Although crypto is still regarded as new compared to Forex, which has been around for quite some time, the cryptocurrency market has made huge strides as blockchain networks have grown. In 2021, the crypto market worldwide was valued at $1.5 billion and is expected to reach $2.3 billion by 2028.


4. Market Hours:
While the crypto market is open 24/7, the forex market is available 24/5. Forex traders have the advantage of stepping away from their screens and charts for a while, but crypto traders do not have their leisure. Because crypto coins usually experience changes in the market on weekends, it is advisable for crypto traders to always be in touch with the markets.


Conclusion
Forex has been in existence for many years, even from the simple barter trade. Although the first crypto coin was launched in 2008, cryptocurrency is still relatively new compared to Forex trading.
People often get these two mixed up, especially when trying to decide which trading path to choose.
Forex and crypto trading has some features in common, but they also have quite some differences.
When picking between crypto and forex trading, you should research and evaluate your financial goals, the risks of both types of trading and which is best suitable for you.

This article is written by Somebody From Breet. Breet is an OTC crypto trading platform in Africa where users can sell their crypto, convert it to cash and withdraw it to their local bank account within seconds.

What is an NFT? How do you convert NFTs to Naira, and how do you make money with NFTs?

These are typical inquiries that the public has these days. The blockchain ecosystem is growing and bringing in millions of dollars daily. It is one of, if not the fastest, rising industries.

Adisa Olashile exchanged 1.1 Ethereum for his NFT (digital representation of an elderly guy) on April 9, 2022. (1.2 million Naira).

The third-largest country in the world by the number of bitcoin traders is Nigeria. This demonstrates Nigeria's significant capacity to actively foster the next generation's commitment to sustainable development.

It is unfortunate that commercial banks in Nigeria continue to prohibit transactions using cryptocurrencies, limiting the trading of NFTs in the nation despite the promising potential of digital currencies and NFTs in the country.

How to Change NFT into Naira

As you may know, in order to sell NFTs, you have to first own a non-fungible token on an NFT Marketplace.

Some Important Elements Needed to Sell NFTs are processing charges, digital assets, NFT marketplace and cryptocurrency wallet.

First, Convert your NFT to a Cryptocurrency

NFTs must be sold in cryptocurrency in accordance with the agreed cryptocurrency since cryptocurrencies, particularly Ethereum and Solana, are the two most well-known blockchain networks for NFT trading.

This means that during the issuance process, all processing fees are paid in cryptocurrencies, and NFT buyers are also compensated in cryptocurrencies. It would be best if you exchanged your cryptocurrencies for Naira in order to use them for regular financial transactions in Nigeria.

After successfully issuing an NFT and locating a buyer, the buyer pays to grant you ownership of the acquired digital assets on the NFT Marketplace; it is then deposited in cryptocurrency into your wallet. Congratulations!

Secondly, Convert the Cryptocurrency to Naira

You won't be able to utilise cryptocurrency in Nigeria after receiving money there because it is not yet recognised as a legal tender.

What are you doing now? To get Naira, you must exchange your cryptocurrency. This can be challenging in a variety of ways. When NFTs are exchanged for fiat money, they often sell for high prices. Many of his NFT traders might not feel safe trading their bitcoins with third parties or rivals, given the severity of cybercrime. Here is where Breet will come in handy!

Breet is an OTC cryptocurrency exchange platform that lets individuals and organisations who wish to quickly acquire cryptocurrency buy currencies that are equal to fiat currency and convert cryptocurrency to cash. You can avoid tedious explanations of how cryptocurrencies operate and tedious depictions of bitcoin market charts thanks to Breet's storefront system. With Breet, a user can safely exchange cryptocurrencies for cash within 5 minutes without the use of third parties or peer-to-peer transfers.

For instance: If you exchange NFT for Ethereum, you can quickly and without any fees or delays convert Ethereum to Naira in about 5 minutes. Additionally, since peer-to-peer exchanges are not necessary, fraud is not a concern. Breet has you covered. It's an easy procedure: sell!

Breet is compatible with all Android and iPhone models. For additional information, please get in touch with our support staff.

The crypto market is currently experiencing bearish times. Although we are still hopeful for a better future in the market, we must equip ourselves with knowledge on how to survive and still get the most out of our assets.

Whether you’re a beginner or an OG crypto trader and investor, here are five ways to help you scale through the crypto bear market and come out on top.

5 Ways To Pull Through The Crypto Bear Market

1. Apply Dollar-Cost Averaging:
Investors implement different crypto trading strategies for a successful investment, and dollar-cost averaging is one of them.
Dollar-cost averaging is a long-term strategy where you continue purchasing small amounts of an asset over a certain period, regardless of the fluctuating price.
This is said to be one of the best strategies to implement during a bear market.

2. Only Invest What You Can Afford To Lose:
The crypto market is risky, and with its volatile nature, you are bound to lose some money. That is why it is crucial to only invest an amount of money you can afford or are comfortable losing.
For example, you finally got a hold of a large sum of money and are looking for ways to multiply it or invest it in the long run. It is not wise to invest all this money into cryptocurrency, knowing fully well it is a bearish season, and you can lose a lot of money.
Instead, set aside a particular amount of money you can “let go of” and invest it into crypto.
This does not mean that you cannot gain a profit with this, but it is better to be safe than sorry.

3. Diversify Your Portfolio:
There are thousands of crypto coins in the market, yet some people only invest in one cryptocurrency, mainly because they believe they need to focus on only that one as it will bring them a lot more profit than others.
This will affect you significantly during a bearish season because you have no other assets to fall back on.
To diversify your crypto portfolio, you must spread your investments across multiple crypto assets and not focus on one only.
Study the crypto market to know which ones to invest in, as some may be dead or shitcoins.

4. Do Not Leave Your Crypto on Exchange Platforms:
The risk of losing your funds stored in these exchanges and not being able to redeem them is even more likely during the bear market season.
Imagine a sudden crash in the market. The market would be wiped out of billions of dollars, leaving many exchanges with no choice but to liquidate.
If you want complete control over your crypto assets, select a non-custodial wallet app or, better yet, a hardware wallet.

5. Stay Calm:
In a bear market, it is common to see traders panic and sell off their assets because they think a heavy crash is coming soon, but unknowingly, this mass panic sale is what actually makes the market crash further.
That is why it is essential to stay calm and not let FOMO take over because sooner or later, the market will rise again.

Conclusion
When getting started in cryptocurrency, you need to understand that market crashes are bound to happen, and just like we have the bear market, we also have the bull run, and things will eventually get better. With sound and well-thought-out investment strategies, a clear financial goal, and these tips discussed above, your chances of surviving the bear market are higher.

Keep your head held high, and in the end, WAGMI.

None of the information stated above should be taken as financial advice.

This article is written by Somebody From Breet. Breet is an OTC crypto trading platform in Africa where users can receive, sell, convert their crypto to cash and withdraw straight to their local bank account in less than five minutes.

You're interested in making money with cryptocurrency and want to cash out your Bitcoin. You've heard all the success tales of folks who invested early and sold at high prices to make millions of dollars. Or perhaps you have acquaintances that mine cryptocurrencies for a living.

Everyone enters the Bitcoin industry with the intention of making money, but not everyone succeeds. Because they don't fully grasp how to profit from cryptocurrencies, many people either give up along the way or lose money.

Here, we examine cryptocurrency income generation in more detail.

The cryptocurrency market is still developing and has a long way to go. More people enter the industry as the value of crypto assets rises. These novices are constantly attempting to understand how to profit from cryptocurrencies.

The good news is that there are numerous cryptocurrency-based revenue streams. Developer engagement, social media activity, and the quantity of cryptocurrency-related start-ups have all increased steadily since 2011.

Can You Make With Cryptocurrency?

Yes, you can absolutely make money with cryptocurrencies. The majority of crypto assets come with a high level of risk because of their inherent volatility, while some call for specific knowledge or skill.

One way to earn money using cryptocurrency is through trading cryptocurrencies. There is a lot of volatility in the cryptocurrency market, even if the daily average volume of trading in cryptocurrencies is only 1% of the foreign exchange market. Therefore, it is possible to engage in short-term trading.

The cryptocurrency sector has a lot of room to develop, even if it is now quite tiny. Along with some of the more well-known cryptos, such as Bitcoin, Ethereum, USDT, Cardano and others.

Similar to how there are many crypto-buying and selling apps, such as Breet, Binance, Coinbase, and Robinhood, there are many ways to profit from cryptocurrencies.

In essence, aside from the apparent means of trading, there are other ways for you to earn genuine income using cryptocurrency.

Let's look at 3 ways to make money with cryptocurrencies.

1. Cryptocurrency Investment

The long-term tactic of acquiring and retaining cryptographic assets is called crypto investing. A buy-and-hold strategy works effectively with most crypto assets. They have huge long-term growth potential but are somewhat volatile in the short term.
Finding longer-lasting, more stable assets is a requirement of the investing approach. Assets like Bitcoin and Ethereum are secure investments since they have a history of showing long-term price increases.

2. Cryptocurrency Trading

While trading aims to take advantage of short-term opportunities, investing is a long-term undertaking based on the buy-and-hold strategy.

The cryptocurrency market is erratic. This implies that asset prices might change drastically over a short time, both up and down.

You need to possess the necessary technical and analytical abilities to succeed as a trader. To create precise forecasts about price increases and declines, you'll need to evaluate market charts on the performance of the listed assets.

Depending on whether you anticipate an increase or decline in an asset's price, you can trade by taking either a long or short position. This implies that you can earn whether the cryptocurrency market is bullish or bearish.

Check out this post to learn more about cryptocurrency trading.

3. Crypto Staking and Lending

Staking is a method for confirming cryptocurrency transactions. You own coins if you are staking, but you do not use them. Instead, you secure the dollars in a digital wallet.

Your coins are then used by a Proof of Stake network to verify transactions. You get rewarded for doing this. In a sense, you are lending the network coins. As a result, the network may continue to be secure and validate transactions. Your incentive is comparable to the interest that a bank would offer you on a credit balance.

The number of coins you have agreed to stake determines how many transaction validators are chosen by the Proof of Stake algorithm. Because of this, it uses a lot less energy than crypto mining and doesn't require expensive technology.

Additionally, you have the option of lending coins to other investors and earning interest on that loan. Numerous platforms enable crypto financing.

There are thousands of cryptocurrencies in existence, and among those are hundreds of memecoins. Today, we’ll look at two memecoins- Dogecoin and Shiba Inu.

These two memecoins are often mistaken for each other, so today, we’ll be discussing the difference between them, and which of them is a better investment choice.

But first, what is a memecoin?

What Is a Memecoin?

A meme coin (also spelt memecoin) is a cryptocurrency that originated from an Internet meme or has some other humorous characteristic, according to Wikipedia.

Most times, these cryptocurrencies started out as a joke and were not created to be taken seriously, but some crypto investors seem to have taken an interest in them.

Memecoins have existed for a while now, but we can trace the origins of gained momentum back to the meme stock war that happened in late 2020. This is when WallStreetBets, the Reddit community greatly inflated the value of GameStop’s stock. After that, another group of Reddit users made jokes about pumping up the value of Dogecoin similarly, and the trend caught on.

The increase in popularity of certain memecoins can be attributed to some famous online personalities, for example, Elon Musk, who became the “Dogefather” because of his popular support of Dogecoin.

Dogecoin is one of the biggest and most popular memecoins, and it was created initially as a joke to mock Bitcoin and other popular cryptocurrencies. It was not made to have any genuine use at first.

Presently, Dogecoin and Shiba Inu are the leading meme coins, with $7.80 billion and $5.57 billion market caps, respectively.

What Is Dogecoin?

Created in December 2013 by Billy Markus, an IBM software engineer, and Jackson Palmer, an Adobe software engineer, Dogecoin is an open-sourced peer-to-peer cryptocurrency which got its underlying technology from Litecoin and uses the same proof-of-work technology.

Dogecoin started as a meme by Jackson palmer back in Australia to basically make fun of the existing cryptocurrencies at that time.

When Doge was created, the founders were quite surprised when people started using the memecoin, which gradually increased in value. Now, you can buy and sell Dogecoin just like any other cryptocurrency.

It recorded the first official price of Dogecoin, which opened at $0.0005588 and closed at $0.0002979 by Coinmarketcap on December 15.

Dogecoin hit an all-time high price of $0.731578 on May 08, 2021, and it is currently valued at $0.05873 (October 14 2022). The memcoin is presently the tenth largest cryptocurrency by market cap (7.79 Bn).

What is Shiba Inu?

Created in August 2020 by Ryoshi, an anonymous individual or group, Shiba Inu is a memecoin which, just like Dogecoin, was created initially as a joke with no genuine intentions of operating like a traditional cryptocurrency but specifically to mock Dogecoin.

According to Investopedia, Shiba Inu (SHIBUSD) is an Ethereum-based altcoin that features the Shiba Inu—a Japanese breed of hunting dog—as its mascot. Shiba Inu is widely considered an alternative to Dogecoin; proponents of Shiba Inu tout it as “the Dogecoin killer.”

Shiba Inu’s price reached an all-time high on October 29, 2021, with a market capitalization of $41 billion. Although it currently has a market cap of $5.56 billion, (as of October 14, 2022), Shiba Inu is currently the fifteenth largest crypto by market cap.

Differences Between Dogecoin and Shiba Inu

1. Market Capitalization:
According to Coinbase, the market cap is the total value of all the coins that have been mined. It’s calculated by multiplying the number of coins in circulation by the current market price of a single coin.
As of October 14, 2022, Dogecoin’s total market cap is $7.79 Billion, while Shiba Inu’s market cap is $5.56 billion.
As you can see, Dogecoin has a much larger market capitalization.

2. Transaction Speed:
All cryptocurrencies have different speeds by which transactions are conducted and confirmed. Some cryptos take long hours, while some barely take minutes.
Although Dogecoin uses Proof of Work (PoW), its transactions are pretty fast. This can be attributed to The Scrypt algorithm, which allows for a much quicker creation rate.

Dogecoin has an estimated block creation time of about one minute. While Shiba Inu has slower transactions than Dogecoin, as it is an ERC-20 token.

But with the Ethereum merge and its move to proof-of-stake (PoS), SHIB transactions could be faster.


3. Blockchains:
Dogecoin was built on its own blockchain, while Shiba Inu was built on the Ethereum blockchain as an ERC-20 token.


4. Total Supply Limit:
This refers to the total amount of crypto coins that can ever exist. Although Dogecoin has an unlimited supply limit, only 5 billion coins can be issued yearly.

Shiba Inu has a total supply limit of 1 quadrillion, but over 40 per cent has been eliminated, which cannot be reversed.

Dogecoin vs Shiba Inu: which should you invest in?

We have taken a look at an overview of Dogecoin and Shiba Inu, and we’ve also taken a look at some of their differences, which leaves us with the question of which memecoin is a better investment.

These two memecoins are not at the forefront of cryptocurrencies everyone’s rushing to invest in. If you wish to invest in any of them, you must understand that they are high risk, and just like every other crypto, they are just as volatile.

Unlike Shiba Inu, Dogecoin has been on the market for many years and has been endorsed by a famous personality, Elon Musk, but this does not make it the better choice. In terms of future growth opportunities, Shiba Inu seems to take that crown, but that also does not mean it is the preferable choice.

Both these memecoins could bring you profit and even loss. To choose which crypto you want to invest in, you should weigh your options in line with your investment and financial goals and decide which one best suits it.

Conclusion

Dogecoin and Shiba Inu are both memecoins with dogs as their mascots, and they were both created as a joke to make jest of existing cryptocurrencies.

While these memecoins have their similarities, they also have their differences, placing one above the other in different aspects. To pick one to invest in, make sure it aligns with your crypto investment goals in the short or long run.

Do not take anything written here as financial advice; always make sure you do your own further research before investing.

While both stocks and cryptocurrencies are respectable investing options, their functions within a portfolio differ. They can greatly benefit your investment strategy, but there are significant distinctions in how they are purchased and sold. Some key characteristics of stocks and cryptocurrencies are:

1. Ownership
The buyer will normally need to open an account with a broker in order to purchase and hold shares. For the benefit of buyers, brokers trade and hold shares. Although newer businesses like Robinhood have simplified the procedure, their products aren't as reliable. Buyers must also provide personal information like residence and ID numbers like their NIN or International passport. An intermediary provides a certain amount of security. Whereas, for cryptocurrency, the supposed anonymity of encryption is one of its benefits. You don't have to know who is buying the cryptocurrency. A cryptocurrency owner stores their assets in a wallet or other type of storage device. The drawback of anonymity is that the owner is responsible for security.

The owner monitors the location of the crypto, and at the very least, he is required to remember the 16-character password. When cryptocurrency wallets are destroyed by hackers, owners have few legal options.

2. Exchanges
Shares are traded on authorised exchanges all over the world. It is made to manage enormous quantities of daily trading and to give stock buyers security, stability, and transparency. To safeguard buyers and sellers, exchanges are strictly controlled (details vary by jurisdiction).

The concept of cryptocurrency exchanges is new. There are numerous crypto exchanges, if not dozens. Coinbase and Binance are the two biggest. Some exchanges collaborate with third-party service providers to facilitate the seamless conversion of fiat money, such as the Naira & US dollar, into cryptocurrencies.

3. Volatility
As old as the stock market itself are sharp price fluctuations in stocks. Both positive and negative news can affect stock prices, driving them up or down. The stock market might plummet in a single day, as the terms "Black Friday" and "Black Monday" imply. Usually, there is a technological or economic justification (e.g., programmatic sale). Outright losses are rare, although investors can observe a fall in the value of their portfolio.

For crypto, the volatility of cryptocurrencies is one thing for which they are renowned. For instance, Ethereum began 2021 at about $730 and reached $4,080 in late May. It decreased to roughly $1,786 in July, and by late October, it had increased to $4,082, and currently, in October 2022, ETH sits at $1,321.

4. Regulation
The Securities and Exchange Commission (SEC) was founded in the United States to improve investor protection following the stock market crisis that precipitated the Great Depression in 1929. Information that could affect a company's stock price must be disclosed. A lot of information is available for investors and their financial advisors to use when making investment decisions.

In contrast, there is little regulation of cryptocurrencies, which is positive for certain cryptocurrency investors. The cryptocurrency market is open worldwide and is not governed by any one institution. In the event that there is an issue with their investment, crypto purchasers are not covered.

5. Strategic Complements
Stocks and cryptocurrencies are similar in some ways but differ greatly in others. An investment professional may utilise them in the same portfolio for a variety of reasons while being cognizant of each one's advantages and disadvantages.
Stocks offer better security. For most of the 20th century and the beginning of the 21st, they were the top option for generating money for both individuals and organisations.
A riskier investment is cryptocurrency. Although the profits could be substantial, the risks are substantial as well.
When combined, these enable you to maintain a portfolio balance between risk and return.

Bottomline
There is no either/or in investing. Having a mix of assets that balance riskier bets with others that are safer is advantageous. Investors are free to pick between equities and cryptocurrencies for the same reason. If you are at ease with your portfolio's level of risk, you can invest in both cryptocurrencies and stocks.

Despite the fact that several cryptocurrencies have seen price increases since their creation in recent years, investors should still be cautious before making any decisions and not simply invest because other traders are. You must realise: If you choose to invest in cryptocurrencies, think about how it fits your risk profile and financial requirements. Investors don't need to invest in cryptocurrency to make money; while some may prefer the stock market, others may like cryptocurrency; it’s all up to you.

If you want to learn more about how to invest in cryptocurrency and get the latest crypto news, visit our blog.

From dropping out of high school and making a bet with his parents to make a million dollars by 18 so he doesn’t have to go back to school, here is the story of Erik Finman, the youngest Bitcoin millionaire in the world.

Who is Erik Finman?

Now 22 years old, Finman started out pretty rough in school. He felt like nobody understands him. His own teacher even once told him to drop out of school and work in McDonald’s since he’ll never amount to anything in life. That’s pretty harsh, especially from a teacher who is supposed to help you.

Finman went ahead and dropped out of school, but he made a bet with his parents. In an interview with Business of Business, he mentioned how he brought up the bet with his parents.

He said, “I dropped out of high school and made a bet with my parents: if I make a million dollars by the time I’m 18, I don’t have to go back to school or go to college.” That’s quite brave.

Finman got into crypto in 2011 at only 12 years old when his older brother introduced him to it.

He received a gift of 700 from his grandmother, and he purchased 100 Bitcoins with it. Bitcoin price surged and was now valued at $27,000 per Bitcoin.

Unfortunately, in the UK, where Finman is from, minors (children under 18) cannot own stock or company shares in their name, but with certain trading mechanisms, parents can invest in stock on behalf of their children.

His Bitcoin holdings had grown to 341 by June 2020, worth over $4.8 million.

Finman is now 22 years of age, and he boasts of numerous education businesses he has built out of Silicon Valley.

In the same interview with Business to Business, he said, “I started a business from my bedroom. I had some bitcoin money at that point—bitcoin shot up a bit, so I was able to use a lot of that to fund my business….”

At just 15 years old, he hired employees, freelancers, contractors, programmers, etc.

Although Bitcoin brought about the start of his riches and success, he’s actually desperate to get out of the crypto world and abandon the title “Bitcoin boy”.

“I’m tired of crypto. I’m sick of being the bitcoin person. It’s really like if I hear the word ‘bitcoin’ one more time, I’m going to smash my head against a wall….” He said.

Although he spent six years in the crypto industry, he cares more about building something.

He has made many investments in aerospace, which has made him a good amount of money.

Although Erik Finman is sick and tired of the crypto industry, he definitely owes his success to that early investment in Bitcoin.

He has spread his wings and is now venturing into other business ventures, and it’s great to see.

A lot of people owe their success to Bitcoin as the popular cryptocurrency has made many people Bitcoin millionaires.

We are excited to see the next generation of crypto millionaires, young or old.

Who has the most bitcoin in Nigeria? We can’t tell exactly who is the richest Bitcoin trader in Nigeria, but I’m curious! Who actually is the richest bitcoin trader?

Cryptocurrency trading in Nigeria is a booming industry. It’s not just about making money, though—it’s about being part of something big.

To get started, you need to open a cryptocurrency trading account at a Nigerian exchange like Breet. Once you have one, you can start trading cryptocurrencies in Nigeria. There are many different cryptocurrencies available for trading by Nigerians, but the most popular ones are Bitcoin, Ethereum and USDT.

Cryptocurrencies are usually bought and sold through an exchange platform. The price of each cryptocurrency fluctuates throughout the day and sometimes even during the week, depending on whether or not there are any large trades taking place at that time. You should always check out what each currency is worth before buying or selling it because this will help you determine if this is something that fits into your long-term financial plans! Check out this post for information on crypto investment as a beginner.

You can also use cryptocurrency mining as an alternative way of earning money while staying at home with your family or friends; all you need to do is download an app onto your phone or computer which will allow you to mine virtual currencies using your own computer’s processing power instead of using electricity from outside sources such as traditional power grids.

Nigerian celebrities are great at promoting Nigeria and showing the rest of the globe that Nigeria is not behind. And this is something I’m personally happy about. Nigeria is currently ranked 2nd globally on cryptocurrency adoption growth, and about 40% of the Nigerian population has traded crypto. As the biggest crypto community in Africa, it is no doubt that cryptocurrency is gradually becoming a part of the culture in the country.

Who is the Richest Bitcoin Trader in Nigeria?


What if the richest crypto trader is Don Jazzy? The Nigerian music producer, Mavin Record boss, is a big figure on NFTs. He has shared his collection on Instagram, which includes Bored Ape Yacht Club and other NFTs. He’s a boss and has a collaboration with Osinachi, Nigerian NFT Crypto-artist. This NFT Collabo Debut was sold on Niftygateway. Don Jazzy revealed in December 2021 that he had earned $300k in just 10 minutes using NFT, and he’s been cashing out.

What if it is Gaius Chebueze? Bitcoin chief, a well-known African cryptocurrency investor who has a significant influence on the cryptocurrency ecosystem. There are more crypto traders who come to my mind.

How about Tobi Joseph, the founder of cryptomasterclass.ng, a platform that teaches people about cryptocurrency trading? Or Falz the Bad guy, our crypto celeb.

I’m sure some feminists will be like, “you thought I was feeling you”. Well, it may be a woman. Big Brother Season Six contestant Tacha Akite is one of the most vocal cryptos and NFT lovers in Nigeria. The Crypto community especially would agree with her partnership with NFT projects and whitelist giveaways. Tacha has been endorsed by several tech/crypto brands in the United States and Africa. We’re looking forward to more women involved in Crypto!

Cryptocurrency is still fast rising in Nigeria, and even if it is not yet a legal tender, I mean, our government no wan free us. There should be no surprise it could be our able president or any politician. It could be a businessman or woman no one knows about. All the less, it is someone yet unknown. But this is just my opinion; who do you think is the richest bitcoin trader in Nigeria?

Hey Breet Gang,

How’s it going?

Friday is steady approaching (yay ), and it’s about time for a #CryptoStory from Breet!

You remember those stories we were told as kids — if you see money on the road, don’t pick it?

Before you turn into yam or disappear into another realm?

Looks like crazy things are happening even when the money finds its way into your bank account o.

One day in May, 2021, a woman in Melbourne, Australia requested for a refund of $100 from Crypto.com.

But somehow, while processing the refund, $10.5 million AUD was accidentally sent to her — na wa for financial personnel wey no sabi work sha

Now, here’s the ridiculous part — no one noticed this error until 7 months later, in late December 2021, during a company audit!

Unfortunately, money-miss-road-millionaire had already spent a bulk of the money; she’d sent a chunk to her daughter, and even bought a nice house as per Odogwu!

But Crypto.com wasn’t having it, and they’ve gone ahead to sue.

Just imagine having to deal with a lawsuit for a mistake that wasn’t even your fault in the first place – God save us from long-throat o

The case first appeared in court in May 2022 (a whole year later!), where judge Elliott J ruled that the house must be sold and the accidentally transferred funds be sent back, with 10% interest and legal fees on top!

Apparently, this case is far from over, and it’s set to return to court next month — October 2022.

How do you think this would end?

I guess time will tell, but may trouble not come looking for you and I oh, and may we not be tempted with wetin pass us

Until next time, be good!

It seems like cryptocurrency is always in the news, but no one ever talks about how frustrating it can be for traders.

Imagine you're a crypto trader. You work hard to make your money, and now it's all gone. You've invested a lot of time and energy into this project, and it just… vanished.

Now imagine that this happened to you because of someone else—someone who has the power to decide whether or not your investment will succeed or fail. That's exactly what happens when you invest in cryptocurrency! You can't control the market like that, no matter how hard you try.

Cryptocurrency is a complicated and volatile market that often requires you to make decisions based on gut feelings and hunches. You'll never know what's going to happen next, so you must rely on your instincts to stay afloat.

The problem? That's really hard! It's like playing roulette—you don't know where the ball will land, so you have to spin it as many times as possible (or until all your money has been spent).

It's not just the volatility that can be stressful; it's also the instability of knowing when one coin is going up or down compared with others. If one coin happens to get more attention than the others, then it could mean trouble for everyone else—and they will try to take advantage of this fact by driving prices down even further.

So what do you do if you want to make money trading crypto? You need a strategy that works every time so that you don't get burned by bad luck or bad timing (or both!).

But, do you know the strategy? What strategies? Tell us in the comment section, your unique story of how cryptocurrency has frustrated you!!!

Wassup Breet Gang, 

Who’s ready to get back to the grind and make some moneyyy this week? 

(If I sound too excited, I’m trying to ginger myself too please ) 

Normally, nobody likes Mondays — except employers, of course  — but bills dey & that iPhone 14 Pro Max isn’t going to pay for itself, so we move!

Before we get back to hustling for our daily 2k, it’s time to run through the hottest Crypto news from around the world last week – the good, the bad and the ugly!

Let’s begin: 

1. The market was greener than ever on Friday, with Bitcoin gaining 10.22% and racing to $21,149, while Ethereum went up by 6.79%, hitting about $1,734 — sweet news!

2. Crypto Exchange platform Binance made a big announcement to start converting their existing users’ balances and new USDC deposits into its own stablecoin; Binance USD!

3. Meanwhile, the Federal Government of Nigeria and Binance have been considering a collaboration for the development of a blockchain based free trade zone — fingers crossed

4. Some Merge news  — Ethereum has activated the ‘Bellatrix’ upgrade, which is the last step before the highly anticipated Merge this month (also, here’s more details about the upcoming Merge if you’ve been feeling confused!).

5. In not-so-great news, Crypto Mixer Tornado Cash has been getting some heat after recent findings showed $500,000 worth of stolen Dai stablecoins being sent through their mixer pipes

6. US Crypto platform Coinbase has backed the lawsuit against the US Treasury Department over sanctions on Tornado Cash, and they’d be covering the legal fees of Crypto engineers and investors suing. It’s giving gbas-gbos!

7. NBA and fantasy game platform Sorare have announced a partnership to launch free-to-play fantasy basketball games, to be released at the start of the NBA 2022-2023 season — gamers would be pleased!

8. Mobile software company Stack has launched a Crypto education and trading app specially for teen Crypto enthusiasts (18 years and under) to be co-owned by parents. Imagine if we all learnt about Crypto earlier sha!

9. And to wrap up; some good news! $30M worth of stolen Crypto has been recovered by the FBI and Blockchain firm Chainalysis from North Korea’s Lazarus hacking group

That’s it, people – you’re all caught up!

Remember, you can stay up-to-date with more Crypto new stories via our social media platforms, our blog and the Breet app too.

Till next time, be good!