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How to Participate in Initial Coin Offerings (ICOs) Safely Initial Coin Offerings (ICOs) are still one of the most fascinating, fast-moving, and potentially lucrative parts of the crypto world. The idea that you can get early access to a new project, sometimes before it’s even hit the public exchanges, is exciting. It feels like startup investing, but faster. However, that excitement is a double-edged… https://blog.getkoyn.com/how-to-participate-in-initial-coin-offerings-icos-safely/

The Role of Oracles in Blockchain Technology One of the greatest strengths of blockchain technologyhappens to be one of its biggest limitations: isolation. Blockchains are designed to be secure, trustless, and self-contained. However, in doing so, their smart contracts can only react to what is already on the blockchain. In other words, they cannot tell what is happening in real time. This… https://blog.getkoyn.com/the-role-of-oracles-in-blockchain-technology/

Understanding Gas Fees in Ethereum Transactions Ethereum is fascinating, powerful, and full of opportunity. But if you’ve ever tried to send some ETH, buy an NFT, or interact with a DeFi protocol, you’ve probably wondered what gas fees are and why they are so expensive. The truth is that you are not alone because gas fees happen to be one of… https://blog.getkoyn.com/understanding-gas-fees-in-ethereum-transactions/

An Introduction to Yield Farming in the Crypto Space Have you come across terms like DeFi, staking, and yield farming when reading about crypto? Or maybe you are wondering what yield farming is and whether it is something you should be paying attention to. Well, I am here to make things clear for you. To be fair, the crypto space has so much information… https://blog.getkoyn.com/an-introduction-to-yield-farming-in-the-crypto-space/

Best Practices on How to Secure Your Crypto Wallet It is popular to hear stories of people making life-changing money through crypto. But alongside the success stories is the darker side, which you have probably seen. You must have heard news of stolen funds, hacked crypto wallets, and people losing everything they have worked so hard to build. With all this in mind, it… https://blog.getkoyn.com/best-practices-on-how-to-secure-your-crypto-wallet/

The Impact of Cryptocurrency on Cross-Border Transactions in Africa Have you ever tried to send money to a friend or family member in another country and ended up waiting days or paying high fees that made the process way more frustrating? Or maybe you run a business and want to buy supplies from another African country, and the exchange rate drama was plain annoying?… https://blog.getkoyn.com/the-impact-of-cryptocurrency-on-cross-border-transactions-in-africa/

Digital Currencies: Types, Characteristics, Advantages, and Disadvantages The world of money is changing fast. Banks are going digital, smartphones are replacing wallets, and terms like crypto and stablecoins are popping up in our everyday conversation. However, nobody officially handed us the manual on how to navigate this new financial world. If you are skeptical about digital currencies or just plain curious, that… https://blog.getkoyn.com/digital-currencies-types-characteristics-advantages-and-disadvantages/

10 Key Tips to Successfully Invest in Cryptocurrency Have you been thinking of diving into the crypto world but do not know how to go about it? Maybe you have heard of how someone became a millionaire through Bitcoin, or your friend made some cool cash by buying a meme coin? First, I want to say that I can understand how left behind… https://blog.getkoyn.com/10-key-tips-to-successfully-invest-in-cryptocurrency/

Crypto Day Trading vs. Long-Term Holding: Which Is Better? “Should I be day trading or just holding my crypto for the long haul?” This is one question every new and even experienced crypto investor struggles with. If you are in this number, you are not alone. But, here’s the thing: there’s no one-size-fits-all answer. What works for your friend might not work for you.… https://blog.getkoyn.com/crypto-day-trading-vs-long-term-holding-which-is-better/

Crypto 101: An Explanation of Crypto Glossary For Beginners Everyone these days seems to be talking about crypto. If you do not see someone encouraging a friend to invest in a new token, you will see a tweet talking about the latest performance of the crypto market. Needless to say, crypto has caused a major shift in how we think about money, ownership, privacy… https://blog.getkoyn.com/crypto-101-an-explanation-of-crypto-glossary-for-beginners/

Crypto Myths Busted: Separating Fact from Fiction There are a lot of commentaries that have been made about crypto today. While some are true, others are either half-truths or plain wrong. The challenge with the wrong conclusions is that they can discourage you from exploring the industry, especially as a newbie. If you have already lost interest in knowing more about the… https://blog.getkoyn.com/crypto-myths-busted-separating-fact-from-fiction/

Is Crypto Mining Viable in Nigeria? It is no news that Nigerians are one of the most resourceful people you would ever meet. This is why it is not surprising to see many of them exploring digital opportunities to make a better life for themselves. One industry where Nigerians are trooping in in their numbers is crypto. If you are one… https://blog.getkoyn.com/is-crypto-mining-viable-in-nigeria/

Is Crypto Mining Viable in Nigeria? It is no news that Nigerians are one of the most resourceful people you would ever meet. This is why it is not surprising to see many of them exploring digital opportunities to make a better life for themselves. One industry where Nigerians are trooping in in their numbers is crypto. If you are one… https://blog.getkoyn.com/is-crypto-mining-viable-in-nigeria/

What Determines the Price of a Cryptocurrency? It could be frustrating if you checked your crypto wallet early in the morning only to find out it has dropped by almost 20% overnight. As sad as this sounds, it is a true depiction of how unpredictable cryptocurrencies could be. And unless you’re a seasoned trader with charts all over your screen, trying to… https://blog.getkoyn.com/what-determines-the-price-of-a-cryptocurrency/

Understanding the Psychology of Crypto Trading If you’re reading this, chances are you have heard about or are probably into crypto trading and trying to make sense of the emotional ride that comes with it. First of all, let me say this: you’re not alone. Millions of people, from curious beginners to seasoned traders, have all wrestled with the mental and… https://blog.getkoyn.com/understanding-the-psychology-of-crypto-trading/

Understanding the Psychology of Crypto Trading If you’re reading this, chances are you have heard about or are probably into crypto trading and trying to make sense of the emotional ride that comes with it. First of all, let me say this: you’re not alone. Millions of people, from curious beginners to seasoned traders, have all wrestled with the mental and… https://blog.getkoyn.com/understanding-the-psychology-of-crypto-trading/

Crypto Wallet Types: Custodial vs. Non-Custodial Explained The crypto space is exciting, full of potential, and, I must admit, a little confusing sometimes. If you are new to your crypto journey, I am sure you must have wondered how these digital assets are stored. Well, the first thing to know is that in the crypto world, you are your own bank. This… https://blog.getkoyn.com/crypto-wallet-types-custodial-vs-non-custodial-explained/

Crypto Lending and Borrowing Explained Have you ever looked at your crypto wallet and thought, “There’s got to be more I can do with this than just letting it sit there”? Or maybe you’ve heard people talk about earning passive income through crypto or taking loans without selling their coins, and you’re curious but not sure how it all works.… https://blog.getkoyn.com/crypto-lending-and-borrowing-explained/

The Role of Stablecoins in the Nigerian Economy If you are reading this, chances are you have heard a thing or two about stablecoins. Maybe a friend mentioned them in a group chat, or you came across them while trying to figure out a better way to save money. Whatever piqued your interest in searching out this topic, you are not alone. Many… https://blog.getkoyn.com/the-role-of-stablecoins-in-the-nigerian-economy/

Step-by-Step Guide to Crypto Remittances for Nigerians Abroad Are you a Nigerian living or working outside Nigeria, and you care deeply about supporting your loved ones back at home? Maybe it is your mum needing help with hospital bills, or your younger sibling just starting university. Whatever the case, sending money to Nigeria is more than a transaction; it is an act of… https://blog.getkoyn.com/step-by-step-guide-to-crypto-remittances-for-nigerians-abroad/