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New York Post
a day ago
- Business
- New York Post
How to find upcoming tokens using the best crypto launchpad
The New York Post may receive revenue from affiliate/advertising partnerships for sharing this content and/or if you click or make a purchase. Cryptocurrency investors eager to discover the next breakout project will find it essential to understand how to navigate launchpads. These platforms are a gateway to early-stage tokens, offering tools for discovery, research and purchasing. Among the top options for tracking new crypto projects is Best Wallet — a user-friendly app that helps investors identify token launches, analyze tokenomics and manage digital assets more efficiently. Launchpads are a vital resources for cryptocurrency investors eager to hop on the next big thing. Art_Photo – This guide outlines how to use leading tools and methods, with insights from industry experts. Download a trusted exchange app — Start by choosing a licensed crypto exchange. We recommend starting with the Best Wallet app, available in both the iOS and Android app stores. Create and verify your account — Sign up using your email, Google, or Apple ID. To complete registration, you'll need to verify your identity with a government-issued ID and enable two-factor authentication (2FA) for added security. Fund your account — Deposit money into your account by linking a bank account or credit card or even using gift cards. Choose an option that best fits your lifestyle for convenience or anonymity. Buy your first cryptocurrency — Use the app's marketplace or swap tool to purchase crypto by entering the ticker symbol — like BTC for Bitcoin or ETH for Ethereum — and follow the prompts to complete the transaction. Choose how to store your crypto — Decide whether you'll keep your crypto in the exchange, move it to a digital wallet (hot wallet), or store it offline (cold wallet) for extra protection. Early access to token sales can give investors a significant advantage. 'Moonshot and DexScreener are currently dominant. New apps launch all the time. Users are not very sticky,' Zaki Manian, a prominent blockchain developer and advisor, told The Post. In other words, user retention is low — people often switch between platforms, try new tools, and move on quickly if something more appealing comes along. This is especially common in the fast-moving world of crypto, where new apps and services frequently emerge, and hype or incentives can draw users away from established platforms. Solana's low fees and high throughput have made it a hub for emerging tokens. photo_gonzo – To stay ahead, monitor crypto discussion forums, Telegram and Discord groups and follow announcements on platforms like CoinDesk and Cointelegraph. Tools like BestWallet and CoinLaunch offer curated listings of new and upcoming projects. Solana's low fees and high throughput have made it a hub for emerging tokens. Investors can track launches through Raydium's AcceleRaytor, view token activity on Solscan and connect using Phantom Wallet. Staying engaged with these tools ensures timely access to new projects. Uniswap is a decentralized exchange (DEX) built on Ethereum that allows users to trade and list tokens without relying on a centralized intermediary. Uniswap As one of Ethereum's primary decentralized exchanges, Uniswap is a hotspot for early-stage tokens. Users can spot new listings through the 'Explore' section, or use DexScreener for detailed analytics. Following Ethereum developer channels and crypto influencers on X is also helpful. PancakeSwap is a decentralized exchange built on the Binance Smart Chain that allows users to trade cryptocurrencies, provide liquidity and earn rewards through yield farming and staking. Pancakeswap PancakeSwap, built on BSC, is ideal for accessing new projects in the Binance ecosystem. Check its homepage for new listings and announcements, or explore tools like CoinLaunch for aggregated token data. Community groups on Telegram often provide early alerts. Phantom is a user-friendly, non-custodial cryptocurrency wallet built for the Solana blockchain. Phantom Phantom is more than a wallet — it's a gateway to the Solana ecosystem. Investors can use its interface to identify and manage new tokens, often before they appear on broader exchanges. Phantom's integration with apps and token explorers enhances its value for discovery. Raydium enables fast, low-cost token swaps. Raydium Raydium's AcceleRaytor is a launchpad for vetted Solana-based projects. It provides information on upcoming sales, participation requirements and project documentation. Staying subscribed to Raydium's updates and engaging with its Discord can keep users ahead of the curve. Solscan offers deep insight into Solana transactions and token histories. By tracking wallet movements and monitoring contract deployments, users can spot emerging tokens. It's a research tool that adds confidence to early-stage investing. The Binance Smart Chain ecosystem is fast-moving and densely populated. PancakeSwap is the leading platform, but BSCScan is crucial for following new token contracts and deployments. Tools like DexScreener and BestWallet can be synced to filter for BSC-based launches. Early access to token sales can give investors a significant advantage. Yingyaipumi – Token creation is governed by blockchain protocols and smart contracts. 'Tokens are created through blockchain protocols, often via smart contracts, where developers define the token's supply, distribution, and functionality before deploying them on a blockchain network,' said Martin Leinweber, director of digital asset research and strategy at MarketVector Indexes. 'Tokens are just computer programs. As a result, the mechanisms are limited only by imagination and economic constraints. But the more 'unique' your token is, the more work it will be to make the token available and discoverable by users,' added Zaki Manian. Finding reliable launchpads begins with trusted news sources and research. 'Investors can find launchpads by researching reputable platforms on crypto news sites like CoinDesk or Cointelegraph, following social media channels like X and Telegram for project announcements, or exploring curated lists on sites like CoinLaunch,' said Leinweber. Launchpads help blockchain projects fundraise and reach early supporters. 'A crypto launchpad is a platform that helps new blockchain projects raise funds by offering early-stage token sales to investors, often providing vetting and marketing support,' said Leinweber. To stay ahead, monitor crypto discussion forums, Telegram and Discord groups and follow announcements on platforms like CoinDesk and Cointelegraph. Maximusdn – Manian added: 'Launchpads work by standardizing token designs to make tokens easier to design.' No launchpad is perfect for every investor, but a few have established strong reputations. 'There's no one-size-fits-all answer, but platforms like Binance Launchpad, CoinList, and DAO Maker are widely regarded for their credibility, user base, and past project success. However, this doesn't mean that every token launch will be a success. Investors have to do their own research,' said Leinweber. Manian called 'the most famous launchpad right now' though, he added, 'there are many many more.' 'People choose launchpads for idiosyncratic reasons or because they are lacking features like dividing creator trading fees or anti-sniping mechanisms on launch or built-in airdrop features,' said Manian. Exchanges vary in quality and reliability. 'The best crypto exchanges prioritize security, liquidity, regulatory compliance (KYC/AML), and transparent custody practices,' said Leinweber. 'Based on different industry benchmarks, the most reputable names include Binance, Coinbase, Kraken, Bitstamp, Bullish, and Gemini.' Are You Crypto Curious? How to start crypto trading today Best Wallet Download a trusted exchange app — Start by choosing a licensed crypto exchange. We recommend starting with the Best Wallet app, available for both iOS and Android. Create and verify your account — Sign up using your email, Google, or Apple ID. To complete registration, you'll need to verify your identity with a government-issued ID and enable two-factor authentication (2FA) for added security. Fund your account — Deposit money into your account by linking a bank account or credit card or even using gift cards. Choose an option that best fits your lifestyle. Buy your first cryptocurrency — Use the app's marketplace or swap tool to purchase crypto by entering the ticker symbol — like BTC for Bitcoin or ETH for Ethereum — and follow the prompts to complete the transaction. Choose how to store your crypto — Decide whether you'll keep your crypto in the exchange, move it to a digital wallet (hot wallet), or store it offline (cold wallet) for extra protection. LEARN MORE
New York Post
2 days ago
- Business
- New York Post
How to find new crypto coins before they explode
The New York Post may receive revenue from affiliate/advertising partnerships for sharing this content and/or if you click or make a purchase. Most investors, even those new to the cryptocurrency market, have likely heard of Bitcoin and Ethereum – but finding up-and-coming coins to invest in can be a trickier task. Newer projects with lower market capitalizations can make for riskier investments, according to Daniel Polotsky, co-founder and chairman of crypto kiosk provider CoinFlip. 'While they may offer greater upside, they also have a much higher chance of failing completely,' Polotsky told The Post. Advertisement Cryptocurrency experts advise new investors to start out with mainstream assets like Bitcoin and Ethereum. CoinMarketCap has a list of new cryptocurrency coins on its website. That's because a common mistake among newbies is that 'they feel like they missed the boat with Bitcoin, so then they buy some of these smaller coins, like these meme coins that are like four cents a coin, thinking it'll be the next Bitcoin, and those coins are usually four cents for a reason,' Ben Weiss, co-founder and chief executive of CoinFlip, told The Post. Advertisement Investors with some cryptocurrency experience may be ready to dive into newer coins and seek out the next big thing – and there's a lower-risk way to do so. As cryptocurrency has skyrocketed in popularity, one challenging aspect of picking new coins to invest in isn't a lack of information, but rather an overload. There are sizable crypto communities on social media platforms like X, formerly known as Twitter, and Reddit. Galeno – It can be difficult to know where to turn with so many different crypto platforms and newsletters available today. Advertisement Often with cryptocurrency, which typically isn't pegged to any fiat currency, public opinion can be a great indicator of a coin's trajectory. 'For better or worse, crypto prices are often driven by both hype and substance,' Polotsky told The Post. There are sizable crypto communities on social media platforms like X, formerly known as Twitter, and Reddit in particular, where a simple search can help users gauge prevailing sentiment on a coin. Another helpful factor when researching a new coin is to dig into the team behind it. Advertisement 'Anonymous teams may pose greater risks, as they face less reputational damage if they were to rug pull,' Polotsky told The Post. Some smaller memecoins, for example, offer little public information on the teams behind them or keep their creators wholly anonymous. A more transparent team lends more credibility to newer coins, since it shows someone is willing to take accountability for the project. Are You Crypto Curious? How to start crypto trading today Best Wallet Download a trusted exchange app — Start by choosing a licensed crypto exchange. We recommend starting with the Best Wallet app, available for both iOS and Android. Create and verify your account — Sign up using your email, Google, or Apple ID. To complete registration, you'll need to verify your identity with a government-issued ID and enable two-factor authentication (2FA) for added security. Fund your account — Deposit money into your account by linking a bank account or credit card or even using gift cards. Choose an option that best fits your lifestyle. Buy your first cryptocurrency — Use the app's marketplace or swap tool to purchase crypto by entering the ticker symbol — like BTC for Bitcoin or ETH for Ethereum — and follow the prompts to complete the transaction. Choose how to store your crypto — Decide whether you'll keep your crypto in the exchange, move it to a digital wallet (hot wallet), or store it offline (cold wallet) for extra protection. LEARN MORE There are several reputable sources where investors can dig into research on new crypto coins. Polotsky recommends simple research platforms like Messari, CoinGecko and DeFi Llama, which lay out crucial coin metrics like trading volume and fees. Investors can gain inside scoops on new coins by attending crypto conferences and hackathons, along with surfing X and Reddit, Polotsky told The Post. And building relationships with other crypto enthusiasts – though not as quick as a Reddit search – can help investors stay up-to-date on the latest happenings in the space. Advertisement A more transparent, public team can be a sign that a coin is a good investment. NY Post The good news is that there's no end to exciting new cryptocurrencies being added to blockchains. Sites like CoinMarketCap and CoinGecko list all the new coins added to their databases over the past 30 days, including cryptocurrencies that trade on major blockchains like Ethereum and Solana. At the time of writing, four new coins have been added to CoinMarketCap within just the last five hours. Advertisement The sites organize new cryptocurrencies by price, market cap, volume and blockchain. Polotsky said some of his most exciting picks include Ondo and Plume, which are both Real World Asset tokens – digital coins that represent actual, tangible assets that exist outside the blockchain. After researching and finding a new cryptocurrency that you'd like to purchase, the next step is to invest. Your first step is to choose a payment method, whether it be credit cards, bank transfers, mobile apps like PayPal or Apple Pay or even cash at physical Bitcoin ATMs. Advertisement Each of these methods come with their own pros and cons. Credit cards are accepted by most crypto platforms and make transactions much quicker. However, some platforms charge fees for credit card use, which can quickly stack up, and banks often flag or decline crypto purchases. Mobile payment systems like Apple Pay and Google Pay are also among the easiest choices, though these systems typically link to a credit or debit card, so you could face the same fees and hurdles from your bank. A third option is open banking, which transfers money directly from your account to your chosen crypto platform. It's a highly secure method with lower fees than credit cards, but it can take longer than using a credit card and it's not as widely available. Advertisement Sites like CoinMarketCap and CoinGecko organize new coins by price, market cap, volume and blockchain. Volodymyr – After choosing a payment method, it's time to find a crypto platform that works for you. Coinbase is a favorite for new investors, since it has solid security measures, low fees and an easy-to-use website. It does not offer margin or options trading, and only allows future trading on select coins. Kraken is another good choice for beginners with low fees, though it also lacks the capability for options trading. has reasonable fees and strong security measures, along with the ability to trade Bitcoin options and futures. It's likely better-suited for more advanced investors, since it only offers chat service and no phone calls to investors requiring assistance. Gemini is another solid pick for more experienced investors, with advanced security measures. It has an even more bare-bones customer support system, offering only a request form. CoinGecko's website includes a list of new cryptocurrencies. With a chosen payment method and platform, you're ready to invest in whichever crypto coins have caught your eye. The final step is to decide where you want to store your cryptocurrency – in a hot or cold wallet. A digital wallet, or hot wallet, remains connected to the internet at all times. While it's more convenient and makes it easier to make transactions quickly, this type of wallet is also more vulnerable to cyber-attacks. There are tons of digital wallets to choose from, like Best Wallet and Ledger. Several platforms, including Coinbase, and Kraken, also offer their own wallets. You can also choose to store your newly-bought crypto offline, in what is known as a cold wallet. This provides extra security to your investments – but it's all on you. If you lose your wallet address, a unique string of letters and numbers that allows you to access your investments, you'll have no way of getting your crypto back. New York Post Approved 60+ Chains. Total Control. Best Wallet The Best Wallet app puts security first with biometric logins, two-factor authentication, and full non-custodial control — so you hold your keys, not just your coins. With support for thousands of altcoins across 60+ blockchains, it pairs top-tier security with powerful, user-friendly tools — making it the safest, most innovative way to HODL, swap, and manage your crypto. Learn More 108M+ Users Worldwide Coinbase Coinbase is building a more inclusive financial future for over a billion people, enabling them to trade, stake, spend, and transfer crypto on a secure and trusted platform. It powers the on-chain economy with essential infrastructure, global access, and a commitment to fair, responsible innovation. Learn More 114.9% BTC Reserve Ratio Kraken Kraken takes crypto security seriously, with FIDO2-compliant Passkey logins, encrypted communications, and customizable API permissions that keep your account firmly in your control. With no phone-based recovery, time-locked global settings, and real-time threat monitoring, it's built to protect your assets at every layer. Learn More $232B Platform Assets Robinhood Robinhood Crypto offers a user-friendly platform for trading and transferring digital assets, including the ability to securely and easily send and receive crypto to and from external wallets. With its self-custody Robinhood Wallet, it manages crypto holdings across multiple blockchains, including Ethereum, Bitcoin, and Solana. Learn More 20% of Global Crypto Secured Ledger Ledger is a leading provider of secure hardware wallets, offering devices like the Ledger Nano X and Ledger Stax that protect private keys offline using industry-leading Secure Element chips and a proprietary operating system. Paired with the Ledger Live app, manage over 5,500 digital assets, including cryptocurrencies and NFTs. Learn More 100M+ Users & Growing lets you buy, sell and trade over 400 cryptocurrencies, including Bitcoin and Ethereum, with zero-fee USD deposits, wire, and Apple/Google Pay. With a user base exceeding 140 million, the platform gives advanced trading options, a self-custodial wallet through Onchain, and industry-leading security certifications. Learn More $53T+ in Transactions Uphold Uphold is a multi-asset trading platform that enables users to buy, sell, and swap over 360 cryptocurrencies, 27 fiat currencies, and four precious metals, all in a single step. With features like assisted self-custody via the Uphold Vault, staking rewards up to 16.8%, and real-time reserve transparency, it offers a secure and versatile experience for both beginners and seasoned investors. Learn More The New York Post may receive revenue from affiliate/advertising partnerships for sharing this content and/or if you click or make a purchase.
New York Post
03-06-2025
- Business
- New York Post
Crypto airdrops: How to find and claim the next free token drops
Cryptocurrency airdrops have emerged as a popular way for blockchain startups to promote new crypto tokens and attract users to their projects. The guide below has all the details that crypto enthusiasts should know about airdrops, how they work and how to avoid scams. Airdrops are best understood as a way for crypto startups to raise awareness while launching new virtual currencies. The startups will send tokens to the virtual 'wallets' of users who sign up. The coins are usually distributed for free or in exchange for a service, such as posting on social media about the crypto project. Advertisement It's a long shot, but if the crypto coin surges in popularity and gains a following online, its value can skyrocket, providing a windfall for the user. 'The upside of legit airdrops can be huge, some early users of protocols like Arbitrum, Uniswap, or Celestia made thousands of dollars for actions they took months before token launch,' Cryptex cofounder and CEO Joe Sticco told The Post. While potentially lucrative, airdrops can be very high-risk and are sometimes associated with 'rug pulls' or 'pump and dump' schemes, while project leaders quickly sell off their holdings after launch. Advertisement Experts stress that crypto users should be cautious and conduct due diligence to ensure that they are being offered by a reputable outlet. 'Risks include phishing, spam tokens or even smart contract exploits, so tread carefully,' Cryptex's Sticco said. 'If it sounds too good to be true, it probably is.' Users should look carefully at the URLs of project websites to ensure they look legitimate and attempt to identify token launches that come with 'transparent roadmaps and real use cases,' according to Patrick Young, an executive at airdrop distribution tool Galxe. Are You Crypto Curious? How to start crypto trading today Best Wallet Download a trusted exchange app — Start by choosing a licensed crypto exchange. We recommend starting with the Best Wallet app, available for both iOS and Android. Create and verify your account — Sign up using your email, Google, or Apple ID. To complete registration, you'll need to verify your identity with a government-issued ID and enable two-factor authentication (2FA) for added security. Fund your account — Deposit money into your account by linking a bank account or credit card or even using gift cards. Choose an option that best fits your lifestyle. Buy your first cryptocurrency — Use the app's marketplace or swap tool to purchase crypto by entering the ticker symbol — like BTC for Bitcoin or ETH for Ethereum — and follow the prompts to complete the transaction. Choose how to store your crypto — Decide whether you'll keep your crypto in the exchange, move it to a digital wallet (hot wallet), or store it offline (cold wallet) for extra protection. LEARN MORE Advertisement It's also critical for users to protect their crypto wallets by only connecting to verified pages. Users should never share their private wallet keys or seed phrases — the sequence of words used to access their crypto wallet. 'If anyone — especially someone claiming to be from the project — asks for your seed phrase, that's a major red flag,' Young said. Some experts suggest using an alternative wallet as a safeguard against potential fraud. 'The best advice is to look for projects evincing transparency, admin accountability, and engagement from project devs/managers,' added Peter C. Earle, senior economist at the American Institute for Economic Research. Advertisement For those interested in hunting for crypto airdrops, experts advise looking out for insider communities on social media platforms, including X, Discord and Telegram, or on specialized crypto sites that are set up to provide access for airdrops. Alec Strasmore, the founder of Epic Loot Labs, suggests that users study the 'tokenomics' of specific projects to get a sense of key details, such as how much supply of a given token is being given away in an airdrop. Community excitement and levels of engagement of public posts serve as a way to gauge whether certain projects may take off. 'General sentiment about the project also matters a lot because it determines how many people want to buy the token once its live,' Strasmore said. Blockchain startups will usually announce an airdrop online and detail any requirements to participate, such as having users follow a certain social media account or sign up to their website. Users provide their wallet address and receive a specific amount of coins, which varies from project to project. From there, they can buy, sell or hold the coins as they see fit. Look for wallets that are compatible with a wide array of blockchains and cryptocurrencies, have strong security settings and are non-custodial – meaning the user, not the platform, has control of their own private keys. Top options include Best Wallet, which distributed its own token $BEST via airdrop, as well as popular services like MetaMask, Exodus and Rabby. Leading exchanges like Kraken, Coinbase, and Binance occasionally support airdrops. Other sites like CoinMarketCap, Galxe and also curate airdrops. New York Post Approved Our pick — 60+ Chains. Total Control. Best Wallet The Best Wallet app puts security first with biometric logins, two-factor authentication, and full non-custodial control — so you hold your keys, not just your coins. With support for thousands of altcoins across 60+ blockchains, it pairs top-tier security with powerful, user-friendly tools — making it the safest, most innovative way to HODL, swap, and manage your crypto. Learn More 108M+ Users Worldwide Coinbase Coinbase is building a more inclusive financial future for over a billion people, enabling them to trade, stake, spend, and transfer crypto on a secure and trusted platform. It powers the on-chain economy with essential infrastructure, global access, and a commitment to fair, responsible innovation. Learn More 114.9% BTC Reserve Ratio Kraken Kraken takes crypto security seriously, with FIDO2-compliant Passkey logins, encrypted communications, and customizable API permissions that keep your account firmly in your control. With no phone-based recovery, time-locked global settings, and real-time threat monitoring, it's built to protect your assets at every layer. Learn More $232B Platform Assets Robinhood Robinhood Crypto offers a user-friendly platform for trading and transferring digital assets, including the ability to securely and easily send and receive crypto to and from external wallets. With its self-custody Robinhood Wallet, it manages crypto holdings across multiple blockchains, including Ethereum, Bitcoin, and Solana. Learn More 20% of Global Crypto Secured Ledger Ledger is a leading provider of secure hardware wallets, offering devices like the Ledger Nano X and Ledger Stax that protect private keys offline using industry-leading Secure Element chips and a proprietary operating system. Paired with the Ledger Live app, manage over 5,500 digital assets, including cryptocurrencies and NFTs. Learn More 100M+ Users & Growing lets you buy, sell and trade over 400 cryptocurrencies, including Bitcoin and Ethereum, with zero-fee USD deposits, wire, and Apple/Google Pay. With a user base exceeding 140 million, the platform gives advanced trading options, a self-custodial wallet through Onchain, and industry-leading security certifications. Learn More $53T+ in Transactions Uphold Uphold is a multi-asset trading platform that enables users to buy, sell, and swap over 360 cryptocurrencies, 27 fiat currencies, and four precious metals, all in a single step. With features like assisted self-custody via the Uphold Vault, staking rewards up to 16.8%, and real-time reserve transparency, it offers a secure and versatile experience for both beginners and seasoned investors. Learn More The New York Post may receive revenue from affiliate/advertising partnerships for sharing this content and/or if you click or make a purchase.
New York Post
29-05-2025
- Business
- New York Post
How to Buy Bitcoin in Canada: A beginner's guide to cryptocurrency
New York Post may be compensated and/or receive an affiliate commission if you click or buy through our links. Featured pricing is subject to change. In Canada, more people are exploring how to buy and sell Bitcoin, whether as a speculative asset, long-term investment, or gateway to the broader crypto economy. But for beginners, the process can seem complex — especially when trying to navigate platforms, regulations, and wallets. One of the first names to know is Best Wallet. The platform is positioning itself as a beginner-friendly option in the Canadian crypto space, allowing users to buy, sell, and hold Bitcoin securely. It also supports integration with self-custody wallets and claims to offer competitive fees and strong compliance protections. The world's first Bitcoin ATM was installed at a coffee house in Vancouver, British Columbia, Canada in 2013. Getty Images From popular apps like Shakepay and Bitbuy, to global exchanges like Binance Canada and Coinbase Canada, Canadians have more ways than ever to access the digital currency economy. Whether you're wondering how to buy Bitcoin in Canada with an e-Transfer, a TD Bank or RBC account, a credit card, or even PayPal, this guide explains what to know before getting started. How to buy crypto in Canada for beginners For Canadians, the easiest way to begin is by using a regulated crypto platform. These services let users fund their accounts in Canadian dollars and convert that balance into BTC — the ticker symbol for Bitcoin. 'There are two different regulatory regimes in Canada, both of which publish lists of registered businesses,' said Amber D. Scott, co-founder and chair of Outlier Solutions. 'This is a useful starting point for investors vetting companies.' Apps like Shakepay, Wealthsimple, Coinsquare, and Bitbuy are popular for beginners. These custodial platforms hold users' Bitcoin on their behalf and typically support funding through Interac e-Transfer, which remains the most widely used method to buy Bitcoin in Canada. In Canada, more people are exploring how to buy and sell Bitcoin, whether as a speculative asset, long-term investment, or gateway to the broader crypto economy. Getty Images Some platforms also allow purchases with a credit card, and a growing number — such as Coinbase Canada — offer limited support for buying Bitcoin in Canada with PayPal. Users banking with TD Bank or RBC can typically connect accounts or cards for direct deposit or transfer options, though compatibility varies by platform. More advanced users may choose non-custodial services like Best Wallet, Bull Bitcoin, or Beaver Bitcoin, which transfer Bitcoin directly to the user's private wallet rather than holding it in-platform. These services are registered with FINTRAC as money services businesses (MSBs) and are often favored by privacy-conscious buyers. For those not ready to hold crypto directly, Bitcoin ETFs are another option. Investors can buy Bitcoin ETF Canada listings through traditional brokerages, gaining exposure to BTC price movements without holding the asset itself. Still, owning Bitcoin through an app or ETF doesn't offer the same control as managing your own wallet. 'The idea of a blockchain and the associated crypto-assets… is that you hold crypto-assets yourself,' said Andreas Park, professor of finance at the University of Toronto. 'Only then can you use them as intended and access the services that they stand for.' A retail storefront in Toronto, Canada offering to accept Bitcoin — reflecting the growing accessibility of cryptocurrency beyond online platforms. REUTERS While platforms like Coinbase Wallet offer user-friendly ways to manage crypto privately, self-custody comes with serious responsibilities. 'With the ability to control assets come high risks,' Park said. 'If one loses the private key that controls the assets, one loses the assets.' What is Bitcoin? Bitcoin is a decentralized digital currency created in 2009. It allows users to send money directly to each other over the Internet without going through banks or governments. It runs on a blockchain—an open, distributed ledger that records every transaction. 'Bitcoin is the mother of all cryptocurrencies with a market capitalization of almost US$2 trillion and tens of millions of users,' said Alex Tapscott, an author and speaker on blockchain technologies. 'It functions like cash for the internet and a final settlement layer for the crypto-economy.' The Bitcoin price fluctuates significantly, attracting both investors and speculators alike. However, experts caution that BTC is not a risk-free asset. 'A Bitcoin is an entry in a distributed database, the Bitcoin network,' said Park. 'It is effectively a digital sticker… Buying Bitcoin is not 'investing,' it's speculation.' Bitcoin, a decentralized digital currency created in 2009, allows users to send money directly to each other over the Internet without going through banks or governments. REUTERS Still, Bitcoin remains one of the most widely held cryptocurrencies in the world. 'Bitcoin is digital gold for investors and a lifeline for many of the world's unbanked,' said Tapscott. Scott agrees, calling Bitcoin the most prominent cryptocurrency today. 'Bitcoin accounts for the majority of the market share of all virtual currencies,' she said. 'There is a really in-depth collection of resources updated regularly by Jameson Lopp at for anyone who wants to learn more.' Canadians can buy Bitcoin through apps, web platforms, and even buy-and-sell ATMs found in urban centers. These Bitcoin ATMs allow cash-based purchases but often charge higher fees than online exchanges. What is cryptocurrency? While Bitcoin is the most well-known digital currency, it's just one of thousands. 'Cryptocurrency is a relatively broad term used to capture a variety of different electronic or virtual currencies,' said Scott. 'In some cases, these can be secured by traditional assets like gold or fiat currencies — also called stablecoins or value-referenced cryptoassets.' Tapscott said the purpose of cryptocurrencies has expanded beyond simple money transfers. 'Cryptocurrencies attempt to build Internet-native money that can act as a store of value, unit of account, and peer-to-peer medium of exchange,' he said. 'But there are many other different types of digital assets beyond just 'currencies,' and each is important in its own way.' Beyond Bitcoin (BTC), there are utility tokens, stablecoins, and application-based assets that power decentralized apps on platforms like Ethereum. Are You Crypto Curious? How to start crypto trading today Best Wallet Download a trusted exchange app — Start by choosing a licensed crypto exchange. We recommend starting with the Best Wallet app, available for both iOS and Android. Create and verify your account — Sign up using your email, Google, or Apple ID. To complete registration, you'll need to verify your identity with a government-issued ID and enable two-factor authentication (2FA) for added security. Fund your account — Deposit money into your account by linking a bank account or credit card or even using gift cards. Choose an option that best fits your lifestyle. Buy your first cryptocurrency — Use the app's marketplace or swap tool to purchase crypto by entering the ticker symbol — like BTC for Bitcoin or ETH for Ethereum — and follow the prompts to complete the transaction. Choose how to store your crypto — Decide whether you'll keep your crypto in the exchange, move it to a digital wallet (hot wallet), or store it offline (cold wallet) for extra protection. LEARN MORE Some of these assets are used for gaming, digital identity, lending, and cross-border payments. 'My interest is in the technology — blockchain — and what it can be used for,' said Park. 'Essentially, a blockchain is a value transfer protocol that does not require a third party like a bank.' However, Park also warned about the proliferation of worthless tokens in the space. 'Many, many tokens have absolutely no genuine value proposition,' he said. 'Any muppet can create a token, attach a pretty sticker to it and waffle about 'community.' Don't get drawn into this nonsense.' Where to buy Bitcoin in Canada Canadians now have more access points than ever when it comes to buying crypto. Whether through Wealthsimple, Bitbuy, Shakepay, or Binance Canada, users can fund accounts using Canadian dollars and buy BTC through apps or web platforms. These custodial exchanges are regulated under Canadian securities laws and offer a convenient entry point. More advanced buyers often use Coinbase Wallet to move their BTC into private storage or explore decentralized apps. For those looking for alternatives, Bitcoin ETFs can be purchased through traditional brokerages — ideal for investors who don't want to manage crypto keys or navigate blockchain networks. And for anyone asking how to buy Bitcoin in Canada with TD Bank, RBC, credit card, PayPal, or Interac e-Transfer, the answer is: it depends on the platform. A technician inspects the backside of Bitcoin mining at Bitfarms in Saint Hyacinthe, Quebec. AFP via Getty Images Most Canadian exchanges support e-transfer, while some accept bank cards and PayPal for a fee. 'Canadians have a wide range of options for buying Bitcoin,' said Tapscott. 'Each method comes with its own tradeoffs in terms of fees, custody, convenience, and security.' Ultimately, Park said, real crypto ownership begins with taking custody. 'Buying a token on a marketplace like Coinsquare or Wealthsimple is not enough,' he said. 'One needs to transfer the assets to a self-custody wallet to truly control them and access decentralized applications.' Cryptocurrency is not a guaranteed path to profit. While it offers incredible potential, it also comes with volatility, scams, and technical complexity. A worker checks the fan on a miner, at the cryptocurrency farming operation, Bitfarms, in Farnham, Quebec, Canada. REUTERS 'The most important gap is to understand that the blockchain economy is not about token price speculation, but about useful applications,' said Park. Scott encourages Canadians to consult reliable educational resources, including the Canadian Securities Administrators' investor tools. She also recommends the Certified Bitcoin Professional (CBP) credential for those serious about learning. 'There is a frustrating amount of fraud and crime, but also an equally frustrating amount of fear-mongering,' said Park. 'Never ever put any money into crypto assets that you are not prepared to lose 100%.' Still, Tapscott remains bullish on the long-term transformation underway. 'Bitcoin is actively undergoing a renaissance,' he said. 'It is evolving beyond just a medium of exchange or store of value into a platform that supports a wide array of activities, applications, and use cases.' For Canadians wondering how to buy crypto in Canada, the options are vast — but informed decision-making is key. Understanding both the risks and the technology is the best first investment.
Business Mayor
02-05-2025
- Business
- Business Mayor
Best Wallet Token ICO Nears $12M as Analyst Predicts 100X Gains: Best Crypto Presale?
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content. Best Wallet Token ($BEST) is set to shake up the $11 billion crypto wallet industry with a new super app that lets you meet all your blockchain needs from one dashboard. The project is currently undergoing a presale where it has raised $11.9 million so far, reflecting immense appeal among investors. This presale event will finance Best Wallet's development while granting investors an opportunity to buy $BEST at a ground floor price. Its early success reflects deep market interest, which, when combined with its innovative use case, is stirring considerable optimism among industry experts. Several top traders have said $BEST will explode when it lists on the open market, with some forecasting that 100x gains could follow the exchange launch. Prospective investors can buy $BEST at its current presale price of $0.02495, but this will rise as the presale advances. The next increase will occur in under two days, meaning those seeking the most upside potential should not wait around. Best Wallet's multichain support and instant cross-chain swaps While wallets such as MetaMask and Phantom are tied to a small number of blockchains, Best Wallet supports a staggering 60 different networks. This includes Bitcoin, Ethereum, Solana, XRP, Cardano, and Sui. What's more, the project also has a built-in cross-chain decentralized exchange. No more manual bridging or hunting for the best swap rates, Best DEX aggregates liquidity from over 200 exchanges so you can execute instant cross-chain swaps and are guaranteed the best price. Beyond that, Best Wallet also presents features such as a crypto debit card, a presale aggregator, and advanced fraud protection. The last point is crucial. Scams are rife in crypto, especially once you venture outside the garden walls of a centralized exchange. But Best Wallet grants you all the benefits and opportunities of decentralized crypto storage, while providing security measures that exceed those of a top centralized exchange. It uses cutting-edge Fireblocks MPC and allows users to create cloud backups to their multi-chain crypto wallets without managing seed phrases. It's a setup that greatly enhances the user experience while ensuring funds are always safe. With serious advancements in wallet technology, experts believe Best Wallet Token could provide substantial returns. For instance, analysts from Cryptonews said the price could rally by 100x after listing on exchanges. Considering its early stage and powerful use case, 100x gains certainly should not be ruled out. Maximize profitability with Upcoming Tokens and aggregated staking There has been a vibe shift in crypto recently, with Bitcoin and altcoin prices rallying again after months of adversity. Now, investors are hungry for opportunities that could compound their wealth – and the Best Wallet app offers exactly that. It offers users two core money-making features capable of delivering substantial returns in bullish periods. The first is Upcoming Tokens, a presale aggregator that allows investors to research, buy, and track all the top crypto presales from one dashboard. This feature has already proven useful, having provided a 10x gain on Pepe Unchained and 50x gain on Catslap during December, which was the last time the market was bullish. Currently, projects like Solaxy, MIND of Pepe, and BTC Bull Token are available to buy. And with market conditions on the rise, it appears that these could also provide huge returns after listing on exchanges. Second is its staking aggregator. This feature allows users to deposit a range of different cryptocurrencies and generate passive yields. Best Wallet covers all bases ranging from multi-chain support to crypto launches and staking – it's compiling the multi-trillion dollar crypto industry into one smartphone app. Best Wallet Token unlocks powerful ecosystem perks Holding the Best Wallet Token unlocks special perks inside the app such as trading fee discounts, higher staking yields, governance rights, and access to promotions on partner projects. It's not just a token to speculate on Best Wallet's growth; it's a key that unlocks game-changing utility. Despite being newly launched, Best Wallet already boasts over 250,000 users. It's proving highly popular, and as its demand increases, as will the demand for $BEST. This, in turn, could cause its price to surge and potentially realize the 10x price target set by Jacob Bury. But with price increases occurring throughout the ICO, potential investors shouldn't wait to get involved. Follow Best Wallet on X or join its Telegram for updates. Alternatively, visit its website to buy tokens. Visit Best Wallet Token Presale
