it might seem for some that the purpose of crypto is to do away with banks completely but the reality is that they still serve as an essential Fiat on and offr for a vast majority of crypto holders and Traders traditional brick and mortar Banks may be slow with crypto adoption but many digital only Neo banks have rushed to fill this Gap and for this reason many users have turned to these online banks for crypto transactions and services so let's take a look at the top crypto-friendly digital Banks currently available depending on where you are in the world monzo is a British online bank based in London it is one of the first movers in the digital only banking sector to challenge traditional players monzo is popular with over 7 million users as of January this year and it's publicly stated that they are not anti- crypto monzo accounts are fully authorized by the UK government and are insured for up to £85,000 per account however similar to tradition Banks they also do not provide native cryptocurrency Services they only allow fund transfers to regulated crypto exchanges in the UK such as coinbase they for instance don't support transfers to binance which may make monzo unsuitable for many users they are however only available to those who are based in the UK and also have a valid UK address here's one for you if you're from the US Alli bank is another online bank based in Utah founded in 2009 it currently boasts 11 million customers and 154 billion in deposits it offers competitive interest rates on its savings account money market accounts and certificates of deposit CDs it also is part of a feet free ATM network with over 43,000 ATMs available to make cash withdrawals from Alli bank is FDIC insured meaning all deposits up to $250,000 per depositor for each qualifying account category is protected Alli bank is one of the more crypto-friendly online banks out there though they don't offer spot crypto trading directly on their platform they do offer various crypto-based investment products such as crypto trusts Bitcoin Futures ETFs and crypto stocks as with most other Banks they also allow fund transfers to regulated crypto exchanges moving on we have wrex a mobile pay platform based in London and founded in 2014 which now has over 5 million users YX is probably the most crypto Centric payment platform in our list but isn't technically a bank and so doesn't benefit from stateb Deposit Insurance wrix markets themselves as a web3 money app so it's no surprise that they offer a variety of crypto related products and services though its white paper last updated a a year ago does state that wrex will focus on building products that integrate both defy and trafi elements currently WX provide services via their mobile and web apps such as exchanges for over 50 Fiat and cryptocurrencies Fiat and crypto payments as well as various saving lending borrowing and reward programs like Crypt backs up to 8% with every card purchase it also has a native token wxt which is used for subscription payments and other rewards YX offers several product tiers ranging from their free standard plan to their premium or elite plans going for $9.99 or $29.99 per month respectively do note that different wrex products are regulated differently with their Fiat Services regulated by the bank of Lithuania while their crypto related offerings are not deposits are safeguarded as e-money but this does not carry the same guarantees as Government back Deposit Insurance scheme be sure to check out their website for full details which will link in the description below vrex is currently available in over 40 countries and recently signed a long-term Global partnership with visa to expand its footprint in the Asia Pacific region and the UK finally we have revolute a neobank and fintech Company founded more recently in 2015 based in London revolute is very popular with over 18 million customers worldwide as it is available to residents of the European economic area Australia singap Switzerland Japan the UK and the US revolute has a suite of crypto services including buying selling and transferring crypto directly from the app price alerts and crypto learn and earn programs they also offer investing with crypto collections which are indices of the 100 plus available cryptos grouped into different sectors like ler once gaming Defi and more similar to wrex its crypto services are also not regulated or deposit insured crypto custody is provided with hold storage via thirdparty custodians where private keys are not connected to the internet you can also transfer crypto out of the app and into your own self custodial wallet in the EU and EA revolute operates as a bank regulated by the bank of Lithuania and customer funds are covered up to €100,000 in total per depositor in the event of its failure however in the other countries where it is available it is not a bank and regulated differently so be sure to check the specific term and conditions relevant to you if you're planning to sign up granted there are not very many if at all platforms around which provide a One-Stop shop for Fiat and crypto Services however it may be a fair bet that online first and online only Neo Banks might be faster to adopt crypto than traditional incumbents what about you what bank do you use is it crypto-friendly or do you feel the need to stay under the radar if you're not fussed about traditional banking options watch this video to find out about the top metamask alternative [Music] [Music] this

In this video, we’ll tell you everything  you need to know about Trust Wallet and   how you can get started with it in just 5 minutes. Trust Wallet is a versatile software  cryptocurrency wallet available both   on mobile and as a desktop browser extension.You can use Trust Wallet to transact and store  a variety of cryptocurrencies like Bitcoin,   Ethereum, Solana, and even NFTs.  You can also interact with DApps   through an open-source browser directly via  their mobile app. But first things first:  Here’s how you can set up Trust Wallet  on your Android or iOS smartphone:First, download the app from the Google  Play Store or the App Store. Make sure   to double check that you’re installing  the legitimate version of the app - you   can do this by getting a download link from the  official website on trustwallet.com to be sure. Once you have installed the Trust Wallet app,  Open it, and you’ll be prompted to create  a new wallet or import an existing one. For now, let’s select “create a new wallet”,   you’ll then need to accept the terms  and conditions, then create a 6-digit   passcode for you to access the app  and approve transactions later on.Next, you’ll be given some important reminders  regarding your 12 to 24-word seed or recovery   phrase which will be shown to you. Next,  after you’re shown your seed phrase it’s   highly advisable not to click on ‘copy’  or store the passphrase in your device,  But instead write down your seed phrase and keep  it somewhere safe! In the next screen, you’ll be   asked to verify that you’ve noted down your secret  phrase by arranging them in the correct order.You should always make sure to keep your recovery  phrase in a safe place, as this is the only way to   access your wallet and your funds should you lose  access to your device or forget your password. And voila! You’ve just completed your  wallet set up. That wasn’t so hard, was it? Now, to start using the wallet you’ll  need to get hold of some funds! You can   either do this by purchasing  crypto directly from the app,   or by transferring crypto from another  wallet or exchange where your funds are. Let’s first look at how you would  purchase crypto directly on the app:On the homescreen you’ll see the “buy”  button, select the crypto you want to buy   from the many options available, where you’ll  be quoted the best exchange rate from one of   their several third–party providers.  Click ‘buy’ and you’ll be redirected  To a payment gateway where you can make  your purchase via debit or credit card. Do note though that there is a  $50 minimum purchase requirement,   and there are typically higher fees involved  when purchasing directly with your card. What about if you’ve already purchased  crypto on a centralized exchange,  And want to transfer your funds into  Trust Wallet instead? To self-custody   your funds in Trust Wallet, click on ‘receive’  on the homescreen, select the desired crypto,   and you’ll be shown a QR code along with  an address which you can send crypto to.If you used Binance or Coinbase to buy your  crypto, that’s good news for you as Trust Wallet   has additional integrations with these exchanges  which makes transferring funds even simpler. On the bottom of the ‘receive’ screen  you’ll see “deposit from exchange”   which can initiate a direct  transfer from your Binance or  Coinbase account. Just select your  exchange and follow the prompts. If you’ve used another exchange, don’t worry  as the process will still be relatively simple. Copy the address from your Trust Wallet, log in to  your exchange account, navigate to the withdrawal  Section, select the coin and amount you want to  withdraw, then carefully paste the address on the   exchange withdrawal page, or click on the square  icon to scan the QR code on your Trust Wallet. Then, double-check the transaction details and  confirm. Make sure that the address entered is  Correct, and that you have selected the right  network for the crypto you’re transferring.  The next thing we’ll go over briefly is  how to install Trust Wallet’s recently   released browser extension, which you can  use on your desktop to interact with dApps.Head over to Trust Wallet’s official site, and  go over to the ‘browser extension’ tab and click   on ‘get trust wallet’. You’ll be directed to  your browser app store where you can download   the extension, which is available on many  browsers such as Chrome, Brave, and Opera.And again similar to the mobile wallet you’ll  be prompted to either create a new wallet or   import an existing wallet. You’ll then need to  set a password for the wallet, and then follow   a couple of additional steps before you’re  done with the wallet setup - pretty simple.UI/UX-wise, it is very similar to  other browser extension wallets.   Trust Wallet has the added benefit of  having popular chains like BNB chain,   Avalanche, and Polygon added out of the box. Last but not least, you need to know how to   import, export, or restore your Trust Wallet  if you’ve lost or switched your device,  Or reinstalled your app for whatever  reason. Importing your Trust browser   extension wallet into your phone and vice  versa will also follow similar steps. This is where your seed phrase is crucial,   but make sure you’re on the official  apps and be wary of phishing attempts!If you’ve just installed the app, you can click  on “I already have a wallet” straight away,   and follow the prompts from there. Otherwise,  go to the settings page, select ‘wallets’,   then tap on the “+” button where you can  do the same. Select ‘multi-coin wallet’,  Then key in your seed phrase  here, and voila, you’re done. If your funds are not being displayed correctly,   you may simply have to click on ‘add  tokens’, and toggle on the desired crypto. A side note, on the off chance you  need to view your seed phrase again,  You can still do so while you still  have access to your mobile or browser   extension wallet - in the mobile app, head  over to settings, then go into ‘wallets’,   and click on the ellipsis next to the desired  wallet. Then click on ‘show secret phrase’,  Where you’ll be prompted for your passcode to  view it. You can also do the same on the browser   extension - click on settings, and ‘view secret  phrase’. KEEP IT SOMEWHERE ELSE SAFE THIS TIME!  So to wrap up, Trust Wallet may be the choice for  you if you’re looking for simplicity and ease of  Use, as well as versatility in exploring different  blockchain networks as well as EVM chains. Looking for other options, or wondering how  Trust Wallet compares to the popular Metamask   wallet you’ve probably heard of? Check out  our video on Metamask vs. Trust Wallet here!

Are you looking for a crypto wallet other than Metamask? Well, here are the top 8 Metamask alternatives you can get cracking with. At number one, we have SafePal, who have generously sponsored this video. Now with all the banking fiascos happening, there’s never been a better time to self-custody your crypto.SafePal is a comprehensive crypto non-custodial wallet suite supporting over 10 million users, 100+ blockchains, along with 200,000+ tokens and NFTs. Established in 2018, they are backed by industry leaders such as Binance, Animoca Brands, and Superscrypt. Its flagship S1 hardware wallet is 100% air-gapped and only uses an encrypted QR code to communicate,Meaning no bluetooth, wifi, etc. to keep your private key offline and secure. It also has extra features such as an anti-tamper, self-erasing mechanism with a true random number generator for the private key. The S1 also supports 15 languages and 100+ chains, and its compact credit-card size makesIt easy for users to manage their crypto on the go. SafePal also has a mobile app, which you can use to manage your crypto and access dApps. There are some cool in-app features, such as cross-chain swaps, yield farming, a learn and earn program, and even an on and off-ramp feature!The SafePal browser extension also has hardware and mobile wallet integrations for added security. More importantly, SafePal supports both EVM and non-EVM chains unlike MetaMask, boasting 4x better swap rates/fees, with no cross-chain bridging fees for daily amount thresholds, and over $100 billion in transaction volume done.SafePal also has a native BEP-20 token, SFP, which can be used to purchase SafePal products at a discount, converted to gas across chains in the app, and reward token holders through education programs. Next up we have Trust Wallet, one of the largest wallets alongside MetaMask, perhaps thanks to its relationship with Binance.Trust Wallet was launched in 2017 by DApps Platforms. Since this time, it has garnered a user base of over 25 million users. Trust Wallet is a multi-chain wallet that supports 65 different cryptocurrency networks as well as NFTs. Trust Wallet also provides a gateway to dApps through an in-built browser and the WalletConnect feature.It also includes additional features like staking programs, where crypto holders can stake their cryptocurrencies to earn crypto while securing the blockchain, and also has centralized exchange integrations which make depositing crypto into the wallet from Binance or Coinbase a breeze.Moving on, you can check out MyEtherWallet , which claims to be the original Ethereum wallet. Since its launch in 2015, MEW as its name suggests, has focussed on providing support for the Ethereum and EVM ecosystem and its assets such as tokens and NFTs.The mobile application has recorded over 500,000 downloads on the Google Play Store with over 3 million total users. MEW, through the MEWConnect, allows users to access decentralized application platforms from their wallets. The swap feature also facilitates asset exchange from the wallet interface.MEW swap supports the cross-chain exchange of assets, where users can swap their crypto assets across supported networks from the MEW wallet at competitive rates, and even cash out their Ether for Euros or Swiss Francs. MEW has introduced its multi-chain wallet – Enkrypt.Enkrypt supports all Ethereum-based EVM chains, Bitcoin, Polkadot, and Substrate chains and is available as a browser extension on most popular browsers. Coin98 is another popular alternative, claiming to have over 400k users at time of shooting. Coin98 is an all-in-one DeFi platform, and its range of products includes a wallet for storing cryptocurrency assets.The crypto wallet is both available as a mobile wallet and browser extension for desktop. It is a multi-chain wallet supporting over 26 blockchain networks. Users can store their crypto assets in the wallet and use the in-wallet exchange feature to swap their holdings across supported chains.Coin98 wallets also enable connection to other decentralized applications. Users also enjoy extra rewards through the X-point reward program, such as referring new users. Through the reward program, users earn points for performing certain activities using the wallet, earning X-points which can be redeemed for gifts in the Coin98 store.Next, a rather recent addition, xDEFI wallet which launched in 2021 and already boasts 150k users. XDEFI wallet is available as a browser extension, and is a multi-chain, multi-asset wallet with native support for over 16 blockchain networks, including Bitcoin, Ethereum, Polygon, Thorchain, and Solana.XDEFI wallet also supports NFTs, even featuring “built for NFT” features, such as in-wallet NFT detection capabilities and grid gallery display for collectibles across chains. XDEFI also lets you swap and bridge assets from your wallet without connecting to external decentralized exchanges. According to the developers, the XDEFI wallet allows users to navigate between differentNetworks easily and manage their assets with fewer restrictions. Next up, Frame Wallet is web3-centric and designed mainly to enable interaction with decentralized applications and managing crypto assets. Like MetaMask, Frame embraces EVM networks and presents an interface that complements the relationship between individual blockchain accounts and decentralized applications.Frame is also compatible with hardware wallets for users who prefer cold wallets. Frame users can install any EVM network they choose on their wallet, just like the MetaMask wallet. NFT support is also available on Frame, and the NFT interface can also serve as a gallery for NFT art collectors.Frame’s routing architecture, Omnichain, allows dApps to route requests to any of a user’s available chains as needed, letting users be “on” all of their chains simultaneously, making operating across multiple chains seamless. Frame can be installed as an application on Windows, Linux, and macOS operating systems,And the Frame wallet companion browser extension is available for Chrome and Firefox browsers. The Frame wallet code is open source. Last but not least, BlockWallet is a cryptocurrency wallet emphasizing security, claiming to protect user privacy through a designed VPN-like protocol that keeps users’ IP addresses from the internet.Through the anti-phishing feature, BlockWallet claims to safeguard users’ wallets from getting hacked through malicious links that users can encounter when they visit decentralized platforms. Beyond its extra security and privacy features, BlockWallet supports users to store and manage assets, as well as explore web3 dapps on every EVM network.BlockWallet is available as a wallet extension for Chrome and Brave browser. Over 7,000 downloads have been recorded on the Chrome Web store. Through the extension, cryptocurrency investors can connect to decentralized applications. Block wallet has built-in decentralized applications like asset bridges and exchanges.The built-in applications ensure that users can swap their assets and move their assets to other supported networks without leaving their wallets. Additional features include an inbuilt gas tracker, phishing protection via unique artwork, and flashbot protection to protect against front-running bots.The BlockWallet token, BLANK powers the BlockWallet ecosystem and offers extra rewards such as fee discounts and first-access to new features. Let us know in the comments which wallet got your attention. If Trust Wallet was your pick and you’re wondering how it compares to Metamask, then we’ve got the perfect video for you here!

the cryptocurrency world is a volatile one but one roller coaster you don't want to get caught on is a pump and dump fortunately pump and dump schemes have telltale signs that make them relatively easy to spot in this video we'll show you how to identify a pump and dump in cryptocurrency so you can avoid being blindsided pump and dump schemes are when people work together to inflate the price of a low value cryptocurrency or token by buying in Mass at the same time waiting for other unsuspecting investors to fomo into the asset and then selling their positions when the price Rises to a certain level pump and dump schemes in the tradfi world are illegal but since most cryptos are unregulated crypto pump and dump schemes operate in a legal gray area they are morally dubious to say the least as they rely on deceiving unsuspecting buyers and using them as exit liquidity this type of scam starts off with a pump phase when large holders of an asset such as project developers or early investors hype up the project often with exaggerated claims and Promises of riches on social media platforms like Twitter Youtube or telegram with time more and more people buy the asset causing its price to Skyrocket what follows is called The Dump phase where the original investors liquidate their Holdings as soon as the asset reaches a certain price and run off with huge profits the dump phase usually happens fast with the assets priced falling significantly leaving those who got in late with no choice but to sell as well and wind up taking heavy losses or having their Holdings go essentially to zero a recent pump and dump example can be seen on the altcoin sonum an old 2017 project that offers cloud services and other Hardware on November 20th the Sodom token surged by almost seven thousand percent hitting a new record high of 13.90 after which a vicious Market sell-off ensued the next day collapsing the price by over 90 percent to one dollar and three cents and while some were able to get off early others weren't so lucky which is why you should always be on the lookout for obvious red flags like if a cryptocurrency is suddenly getting a lot of attention on social media especially via Bots or as being chilled endlessly by celebrities or influencers the Assets in question often have low liquidity or are from obscure or zombie projects most people have never heard about sometimes these pump and dump schemes are not orchestrated by the project itself but simply targeted by pump and dump groups most of all sudden and massive price hikes of up to hundreds or thousands of percent are almost always good indicators of a pump and dump so this is a good enough sign to stay away at the end of the day the best way to protect yourself from Financial Risk is to take no shortcuts DUI or and don't participate in anything that sounds too good to be true foreign

This 4 letter acronym is one of the most  common terms being tossed around cryptoverse,   up there with the likes of HODL and FOMO.  That’s right, we’re talking about DYOR. We’ve mentioned DYOR a  bazillion times in our videos,   but today we are going to give you  an idea of what we actually mean.Without further ado let’s dive into  the research we keep talking about.  Say a new project has caught your attention,   whether due to hype on social media  or a recommendation from a friend,   one of the best places to start your  research is the project’s website.A project’s website can tell you  a lot of things. For instance,   if you notice a website with  spelling mistakes, bad grammar,   or awkward formatting, it may signal  that something fishy is going on right? The website's feel and appearance not only act as  a good first litmus test for a project but also  Contain useful resources like the whitepaper which  goes in-depth into what the project is about. They explain the technology and tell potential  investors how the cryptocurrency came to be and   highlights its purpose. Basically, it’s  a pitch to you, the prospective investor.Whitepapers will give you the roadmap of the  project to help you understand what they want   to achieve over time. It’s common however for  some projects to have unrealistic goals and   projections, but a well-thought-out  project will set reasonable goals.When reading through a whitepaper take note of  the problem the project is trying to solve if   any. Plus are there projects already  doing the same thing? If there are,   is it improving upon what is already there  in the market? Also, try to determine if the  Project's coin or token has utility because not  all cryptocurrencies serve a practical purpose. On top of the project’s purpose and roadmap,  whitepapers provide you with the tokenomics   of the coin or token. From the tokenomics,  you will find out metrics like the maximum   supply of the token, the allocation,  distribution, vesting information, etc.Sometimes, the whitepaper might be too  technical for the average investor to   understand but that’s alright. You don’t need  to understand every technical detail about the   project but knowing what the project’s  goals are, how they will achieve them,   and the team behind the project is  important. That’s right, the team.When reviewing the background information  of a coin, it is essential to get to know   the team and developers behind the project.  Because at the end of the day for any project,   the people behind the scenes are  the ones who are going to make  Things happen and determine if the  project will be a success or not. Say you are reading a whitepaper or going  through a project's website and you get to   the team section, research each member  through LinkedIn, or just make a simple  Google search of their name. You might find  more information about them on some websites.   This process might help you discover the team  members’ past experiences, especially in the   crypto space. If they do have experience in  the space and have worked on other projects,  Try to find out how the projects are doing. Are  the projects successful or were they abandoned? It’s also important that we mention that some  projects have anonymous team members. While there   have been a couple of successful projects with  anonymous team members, you should generally be  Skeptical about this type of project. That said,  there are genuine reasons for staying anonymous   in crypto, like for safety purposes or even to  prevent potential regulatory action further down   the line. You’ll have to consider whether the risk  of investing in such projects is worth taking.Moving on, it’s also relevant to check  partnerships and any entity that may have   backed the token or coin. Associations with other  prominent projects or well-regarded institutions   are often signs of at least a trustworthy  project - but do remember to verify these   claims! Partnerships are usually displayed  on the project’s website and announced via  Social media which brings us to the next point,  scrutinize the project’s social media channels.  Depending on the project, you will commonly  see its Twitter, Discord, Telegram, Reddit,   and blog sites like medium linked on the  footer section of its website. Scrutinize  Each platform one by one and take note  of the number of followers or members. In more interactive channels like Telegram  and Discord, are the moderators answering   questions posed by the community or are  members getting ignored? Be extra careful,   especially on platforms like Telegram  which is known to be a breeding ground  For scammers. You might encounter scam  artists posing as moderators and attempt   to get you to give up your personal  details or click on phishing links. Same for channels like Twitter and  Reddit. What are fellow investors   saying about the project? Keep in mind  that just because a coin or token may  Have an immense following and social  buzz doesn’t mean it is warranted.   Projects are known to give out gifts to  users who shill their tokens or coins.  Next, make sure to evaluate the cryptocurrency’s  market metrics. To check this information,   visit the most trusted cryptocurrency aggregator  by investors, CoinGecko. Once you get to the  Coin’s page you can start by checking out its  market capitalization, which shows you how much   money has been invested into the project. It  is calculated by multiplying the price of the   cryptocurrency by the total number of coins  or tokens in circulation. It may be useful  To compare to more established competitors to  consider if its valuation makes sense. CoinGecko   also provides the coin’s trading volume. Trading volume is an important metric   that investors use to see how often  an asset is changing hands. Next,  How liquid is the asset? Liquidity may not only  mean fewer fluctuations in the price of the   asset but also aids in the development of an exit  strategy, making it easier to sell your holdings. Speaking of liquidity, one of the ways  you can protect yourself from rug pulls  Is to check if the liquidity of the coin  or token is locked and for how long. This   provides confidence to the investors that  the token developers will not run away with   the liquidity money. Remember to apply the same  when interacting with liquidity pools in DEXs.Ever heard of honeypot scams? Like Hotel  California, you can check in but can never   check out for these tokens, which is why the  chart usually looks like this. To check if a   token is a honeypot or not, copy the token  address paste it on tools like Honeypot.is. You should also pay attention to the supply  metrics of the coin or token. Generally,   there are three types of market supplies,  that is, total supply, circulating supply,   and maximum supply. We have a video solely  dedicated to tokenomics, check it out here!Last but not least, remember to check out  where the token is listed. Is it available   on reputable exchanges? Prominent exchanges  usually have more stringent requirements for   listing in order to protect their customers and  reputation. You could also check if the token  Is supported on popular hardware wallets which are  essential to safety and security in the long term.  What we have covered so far in this video  is a good start to doing your own research   but note that we have barely scratched the  surface. Smart investors combine fundamental,  Technical, and even on-chain analysis  to make informed investment decisions. We understand that none of this stuff  is easy, but is totally necessary as   the crypto industry is still young and  characterized by enormous volatility and   vulnerability. Naturally, not all your  investments will be right on the money,  But the more informed you are, the  higher your chances of success. So be a smart investor and always DYOR!  Let us know in the comments  how you do your research.  Remember to like, subscribe and follow us  on all our socials for future alpha! See ya!