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BOLT Price   

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BOLT

BOLT  

#BOLT

BOLT Price:
$0.00318
Volume:
$85.3 K
All Time High:
$0.042
Market Cap:
$1.3 M


Circulating Supply:
412,600,355
Exchanges:
2+
Total Supply:
995,000,000
Markets:
3+
Max Supply:
1,000,000,000
Pairs:
5



  BOLT PRICE


The price of #BOLT today is $0.00318 USD.

The lowest BOLT price for this period was $0, the highest was $0.00318, and the current live price for one BOLT coin is $0.00317532.

The all-time high BOLT coin price was $0.042.

Use our custom price calculator to see the hypothetical price of BOLT with market cap of ETH or other crypto coins.


  BOLT OVERVIEW


The code for BOLT crypto currency is also #BOLT.

BOLT is 3.5 years old.


  BOLT MARKET CAP


The current market capitalization for BOLT is $1,310,137.

BOLT is ranking upwards to #837 out of all coins, by market cap (and other factors).


  BOLT VOLUME


The trading volume is modest during the past 24 hours for #BOLT.

Today's 24-hour trading volume across all exchanges for BOLT is $85,336.


  BOLT SUPPLY


The circulating supply of BOLT is 412,600,355 coins, which is 41% of the maximum coin supply.


  BOLT BLOCKCHAIN


BOLT is a token on the Ethereum blockchain.


  BOLT EXCHANGES


BOLT is available on several crypto currency exchanges.

View #BOLT trading pairs and crypto exchanges that currently support #BOLT purchase.


  BOLT RELATED


Note that there are multiple coins that share the code #BOLT, and you can view them on our BOLT disambiguation page.


  BOLT RESOURCES


Websitebolt.global
Whitepaperwww.slideshare.net/secret/BFGrVsSUUcQa2Y
TwitterBolt_Global
Redditr/BoltGlobal
Telegramboltglobal
Mediumbolt-global
Instagrambolt_global


  BOLT DEVELOPER NEWS



The BOLT web3 revolution is here!

Are you ready for the new web3 💠 generation of social đŸ€ and entertainment đŸ“ș?. — âšĄïž Now, you can watch, stream, and earn in one platform.It’s easy to start your web3 journey. 💡Login with your existing BOLT+ account (or sign up for one!) 💡Simply click on “Connect Wallet” to access special NFT-only features on boltplus.tv with our channels. We support WalletConnect, Metamask, and the BoltX web extension (of course!) đŸ”„ tip: You can restore your 12-word secret recovery phrase from Trust Wallet or Metamask in the BoltX web extension, or simply create a new wallet in BoltX to try our web extension! 💰The new wallet drawer will also have sections for you to buy crypto with MoonPay directly (Coming soon!) and to add more wallets you own.Start posting on boltplus.tv! You can also start posting photos, text posts, or videos directly on boltplus.tv, which will also show up on your user profile. đŸ”„ tip: We don’t censor content* on boltplus.tv, and we welcome anyone to start creating their own creative and financial freedom on boltplus.tv. We’re also rolling out support for audio content including music, DJs, and podcasts. Interested? Contact Us. *No pornography, violence, or abuse. Let’s keep this a friendly platform for everyone! Please refer to our fair use policy (terms and conditions) here.🎁 We have enabled virtual gifts and tips for ALL users! đŸ˜Č Like magic! You will see that your user profile will also be enabled with an option to receive tips and virtual gifts. This feature will be co-launched with a flagship crypto partner. Details will be announced VERY soon.Finally
now you can buy crypto on BoltX with your credit card 💳 💰 Buy over 100+ tokens directly with your credit card on your BoltX app. Simply head to the wallet tab where you can click on “Buy Crypto” to begin! We’re proud to be working with MoonPay directly for this partnership. The BOLT web3 revolution is here! was originally published in BOLT Global on Medium, where people are continuing the conversation by highlighting and responding to this story.




MoonPay is now available on BoltX!

Users of BoltX will now be able to purchase crypto using MoonPay. This new service addition to BoltX will allow wallet holders to securely purchase over 80 cryptocurrencies in more than 160 countries across the globe. ‎With over 7 million registered customers, MoonPay will open BoltX to a large and growing base of potential users. In addition to the release of MoonPay on BoltX, followers of BOLT Global can also look forward to the launch of MoonPay on the BoltX Extension and Boltplus.tv which will debut later this month. “We are excited to be working with MoonPay on this initiative to provide BoltX users with a frictionless method of purchasing cryptocurrency,” said Jamal Hassim, Co-Founder and CEO of BOLT Global. “MoonPay is a leading fintech ecosystem that is growing at a tremendous pace. BOLT Global is proud to have successfully integrated with MoonPay and we are looking forward to creating mutual value for both our users.”BOLT Global — A Leading Technology Company that Builds Web3 Platforms and Services BOLT Global is a leading provider of web3 platforms and services. The company was founded in 2017 by media and technology veterans Jamal Hassim and Christel Quek, to enable financial and creative freedom for all users. A firm advocate of decentralisation, BOLT Global believes that the pervasive nature of web3 technologies will form the next generation of the internet and its products will help to chart the way forward. Since its inception, BOLT Global has launched BOLT+, a web3-ready media and entertainment platform, BoltX, a self-custody crypto wallet, the BoltX web extension and the BOLT Token, which currently trades on KuCoin, AscendEX, and UniSwap. Products joining the roster in 2022 include Boltplus.tv, with enhanced web3-based features, and BoltZap, a web3 commerce marketplace. Together, the products across the BOLT Global ecosystem will spearhead the company’s continued conviction and development in the web3 space, and provide a new way of creating value, enjoying entertainment, and social networking for users and brands. With availability in over 120 countries and more than 400 brands already on-board, BOLT Global has a robust partner ecosystem that includes Hisense, OneFootball, Telenor, MoonPay, Binance and Polygon (Matic). The company will continue its global expansion, partnering with more leading companies, content providers and web3 projects, as part of its aim to be a leading ecosystem of web3 platforms and services. BOLT Global currently has a globally distributed team across 13 countries, including alumni from Tencent, Twitter, Zilliqa, and Goldman Sachs. BOLT’s team of venture builders, web3 enthusiasts and media practitioners are united by the joint mission of enabling users to create and grow value on the new web, and universal value creation for all.About MoonPay Founded in 2018, MoonPay is a financial technology company that builds payment infrastructure for cryptocurrencies. Working with leading companies to solve the fiat-to-crypto onramp challenge, MoonPay’s mission is to make crypto accessible to everyone. Its on- and off-ramp suite of products provides a seamless experience for converting between fiat currencies and cryptocurrencies using all major payment methods including debit and credit card, local bank transfers, Apple Pay, Google Pay, and Samsung Pay. MoonPay is active in more than 160 countries and is trusted by 400+ leading wallets, websites, and applications to accept payments. MoonPay is now available on BoltX! was originally published in BOLT Global on Medium, where people are continuing the conversation by highlighting and responding to this story.




BOLT Global (BOLT) RSS News Feed now available on Crypto.com

Users of Crypto.com will now be able to access BOLT Global’s RSS news feed via Crypto.com’s BOLT Global (BOLT) price page. This new feature will allow users of Crypto.com to stay abreast of the latest news and updates in the world of BOLT Global, including important product launches, partnership announcements, and key executive updates. ‎Crypto.com users can keep up with the latest news regarding BOLT Global’s products in addition to accessing the latest price of the BOLT token, trading volume, and market capitalisation. Alongside the launch of BOLT Global’s RSS news feed on Crypto.com, followers of BOLT Global will be able to view the BOLT price widget on boltx.app. “We are delighted to be working with Crypto.com on this initiative to grow awareness of the BOLT Global platform,” said Jamal Hassim, Founder and CEO of BOLT Global. “Crypto.com is a leading crypto ecosystem with a tremendous adoption curve across its numerous products, including its flagship exchange, DeFi wallet, credit card solutions, and NFT marketplace. BOLT Global is proud to be sharing news, updates and key announcements with the Crypto.com community and beyond.”BOLT Global — A Leading Technology Company that Builds Web3 Platforms and Services ‎BOLT Global is a leading provider of web3 platforms and services. The company was founded in 2017 by media and technology veterans Jamal Hassim and Christel Quek, to enable financial and creative freedom for all users. A firm advocate of decentralisation, BOLT Global believes that the pervasive nature of web3 technologies will form the next generation of the internet and its products will help to chart the way forward. Since its inception, BOLT Global has launched BOLT+, a web3 media and entertainment platform, BoltX, a self-custody crypto wallet, the BoltX web extension and the BOLT Token, which currently trades on KuCoin, AscendEX, and UniSwap. Products joining the roster in 2022 include Boltplus.tv, with enhanced web3-based features, and BoltZap, a web3 commerce marketplace. Together, the products across the BOLT Global ecosystem will spearhead the company’s continued conviction and development in the web3 space, and provide a new way of creating value, enjoying entertainment, and social networking for users and brands. With availability in over 120 countries and more than 400 brands already on-board, BOLT Global has a robust partner ecosystem that includes Hisense, OneFootball, Telenor, Binance and Polygon (Matic). The company will continue its global expansion, partnering with more leading companies, content providers and web3 projects, as part of its aim to be the leading ecosystem of web3 platforms and services. BOLT Global currently has a globally distributed team of 30 people across 13 countries, including alumni from Tencent, Twitter, Zilliqa, and Goldman Sachs. BOLT’s team of venture builders, web3 enthusiasts and media practitioners are united by the joint mission of enabling users to create and grow value on the new web, and universal value creation for all.About Crypto.com Founded in 2016, Crypto.com has grown into a full-fledged and well-known international cryptocurrency hub in just a few short years. Its crypto ecosystem consists of the Crypto.com App, Crypto.com Exchange, Crypto.com DeFi Wallet, DeFi Swap, Crypto.com Visa Cards, Crypto Earn, Crypto Credit, Price Page, NFT marketplace, Ethereum Gas Fees Tracker, and many other services. Crypto.com works with regulatory institutions all over the globe, and aims to bring you the most convenient way to buy, sell, trade, and spend cryptocurrencies. The Crypto.com App allows users to buy over 100 top cryptocurrencies at true cost, to earn high interest on their crypto, to manage their Crypto.com Visa Card, and to easily make crypto payments, along with many other rewarding features. The company’s Crypto.com DeFi Wallet is non-custodial, so users can have full control of their private keys. BOLT Global (BOLT) RSS News Feed now available on Crypto.com was originally published in BOLT Global on Medium, where people are continuing the conversation by highlighting and responding to this story.




We’re bolting on to greater heights

Are you ready to be part of the next social revolution? ✊ We’re in the midst of building a Web3-based social experience that is simple to learn, easy to use, and enables creative and financial freedom for all users. Read on to find out more.What’s new and brewing on BoltX NFTs đŸ–Œ We now support all Ethereum and Zilliqa NFTs across the BoltX ecosystem including the iOS/Android app, and on the BoltX Web Extension. Organised by collection, you’ll be able to view and send your NFTs easily. $BOLT Staking âšĄïž Stake your $BOLT to earn 5% APR and additional Dynamic Rewards. Staking on BoltX’s mobile app is fun, easy and seamless. 85M out of 100M BOLT is now staked — hurry though, as it’s first-come, first-served! Buy crypto on BoltX 🚀 With MoonPay integration on BoltX, you’ll soon be able to buy over 76 supported cryptocurrencies directly in BoltX with your credit card.Join the Web3 social revolution We’re paving the way for new beginnings in Web3 with boltplus.tv –which aims to be the next generation social network for the Web3 revolution. It is the existential layer that is built on the foundations the media, blockchain and crypto pillars of the BOLT Global Ecosystem. Our first step to committing to that is to onboard NFT communities and brands in a big way. Coming to you at the end of March 2021 so stay tuned and register your interest below! Register your interestComing soon: Auction off your own @username NFTs @username NFT auctions are coming to BOLT+! Get whitelisted if you wish to mint unique usernames as an NFT on BOLT+ or boltplus.tv. These unique usernames will be available to be used and traded (as NFTs) across the BOLT ecosystem. More details will be announced at a later date, so stay tuned! In the meantime, sign up below if you’re interested. Register your interest We’re bolting on to greater heights was originally published in BOLT Global on Medium, where people are continuing the conversation by highlighting and responding to this story.




$BOLT is here to Stake!

Welcome to Staking by BOLT X⚡. — 🚀 We are pleased to announce that Staking on BoltX is now available on iOS and Android! 🚀 In line with our mission to work more closely with the Community, we’re immediately implementing initial feedback from early staking participants (over the last 72 hours) for a better staking experience! Rewards accumulation will commence on the 14th of January 2022, so all Community members have a fair chance to stake and accumulate their rewards. The rewards period will still be for one calendar year from the beginning of the rewards accumulation date (presently 14th January 2022), so no Community Member will lose out. đŸ’Ș — Growing togetherÂ đŸŒ±. — The BoltX Staking programme is a unique way to stake and is designed to reward long-term token holders through the network growth of the BOLT ecosystem. When we grow, you grow too.5% APR on the total sum staked, pro-rated and distributed dailyEarn Dynamic Rewards* in $BOLT tokens — How to Stake your $BOLT. — Staking on BoltX’s mobile app is fun, easy and seamless. Total stake to the contract is limited to 100m BOLT — first come, first served! What you’d need to Stake: BoltX wallet account ETH in your wallet to Stake — Currently ~0.01 ETH Here’s a how-to guide so you can get started right away: — How to Unstake your $BOLT. — Unstake your $BOLT tokens anytime, anywhere! Follow these steps: — How to claim your daily rewards. — Claim your $BOLT tokens anytime, anywhere! Tip: You should be mindful of the Ethereum Gas price and cost to claim, you do not need to claim daily, as rewards will continue to accumulate. Follow these steps: — Have questions on how to stake your $BOLT? Join our Discord channel!. — Join BOLT’s Discord channel to chat with our resident product experts on all things staking and learn more about the much anticipated Dynamic Rewards*! $BOLT is here to Stake! was originally published in BOLT Global on Medium, where people are continuing the conversation by highlighting and responding to this story.




Crypto 101: What is a decentralised exchange (DEX)?

Your beginner’s guide to trading on a decentralised exchange. Most people who are learning more about cryptocurrency as an asset class will come across the word “decentralise”. After all, cryptocurrency is BIG on decentralisation — removing power and control from a central authority, having full ownership over their assets, and cutting out the fees that are paid to intermediaries. Hence, when users want to trade this asset class, “decentralised exchange” is the intuitive answer. DEX are peer-to-peer marketplaces not controlled nor governed by any intermediary. There is no “middleman” between buyers and sellers and trades are executed as long as the conditions (price, quantity etc.) are met, through the use of smart contracts (coded self-executing agreements). The exchange itself is merely a platform for the buyers and sellers to buy/sell cryptocurrencies directly with each other. Picture this: Your neighbour exchanging a block of butter for a carton of milk with you. No middleman was involved in this exchange. — DEX — the double-edged sword. — The number of users of decentralised exchanges is growing at an exponential rate. It is interesting to note that many of the factors supporting the use of DEX also form the case against its usage. Top 5 DEX based on total value locked (TVL) by DeFi PulseScreen capture from DeFi Pulse on 16th November 2021 — Ownership. — As mentioned above, one of the main draws of cryptocurrency is taking ownership of one’s own assets. Instead of relying on an intermediary to “safekeep” your financial assets (as typically seen in traditional finance), trading through DEX allows you to be your own custodian. In order to trade through DEX, you are required to set up a “decentralized cryptocurrency wallet” that is able to interact with the network of the DEX. This wallet holds the cryptocurrencies that you had purchased without any third-party institution involvement. You own the private key of the wallet and nobody else knows this private key unless you disclose it. This is as opposed to CEX where the users do not know the private key to the wallets and the exchange also serves as the custodian to the assets. Some examples of decentralised cryptocurrency wallets are Metamask, Trust Wallet and Argent Wallet etc. While having ownership of your private keys may be attractive to some, one of the drawbacks is not being able to recover the cryptocurrencies in the decentralized cryptocurrency wallet to the extent you lose access to the wallet. It is estimated that 20% of the Bitcoin in circulation currently are lost due to users forgetting the passwords to their wallets (worth about $150 billion). You are entirely responsible for your own cybersecurity measures to reduce the risks of being hacked. — Privacy. — Using a DEX does not involve a sign-up process and there is no need to provide any personal information to interact with these platforms. Traders can access a DEX as long as they have a wallet that is compatible with the exchange. As no personal information is required to be provided, this allows users of DEX to remain anonymous. As such, DEX is highly preferred to CEX for people who want privacy. Due to the privacy that comes with using DEX, it becomes easy for people to abuse the platform to conduct illegal monetary transactions such as money laundering, terrorism financing and bribery etc. This is often the biggest argument against decentralised finance (DeFi) and DEX being a tool to support these illegal activities. Further, with privacy, it is extremely challenging for you to prove that a particular wallet and the assets held in the wallet belong to you when you are unable to access your wallet. — Fees. — One of the many good things that DEX aims to deliver is low trading fees. DEX looks to provide trading platforms where traders are able to trade at a much cheaper rate than CEX at a few cents per trade, without compromising on the speed and quality of the service. Trading on DEX also provides more customisation to the user. The user can select the speed of the transaction and indicate how much fees he/she wants to pay for that transaction to the network validators. The higher the fees, the higher the likelihood the transaction will be selected to be processed by these validators. However, not all DEXs are fulfilling the promise of cheap trading fees. The trading fees associated with trading on DEX are determined by the network itself. Depending on the network, the trading fees when trading on DEX may be more expensive than CEX. When a network is congested due to high transaction volume as compared to the capacity of the network, trading fees can be much higher. For example, a transaction on the Ethereum network costs USD $100 per trade at the time of writing and the same transaction is much cheaper on most CEX. As you can see from the screenshot above, 4 out of the top 5 DEX listed are operating on the Ethereum network. — Coin availability. — Most cryptocurrencies, especially the new and obscure ones are available on DEX. As CEX normally have a more stringent listing process, only selected projects are listed on CEX. This means that if the cryptocurrency pair that you are looking to trade is not available on CEX, you will have to turn to trade on DEX. Given that most of the new cryptocurrencies start trading on DEX and there is no intermediary assessing the legitimacy of a cryptocurrency (in terms of liquidity and volume), traders who use DEX must be extra careful of the cryptocurrency they invest in. While new cryptocurrencies with small capitalisation promise greater returns, the risks are also higher. Due to the anonymity that DEX provides and the stringent listing process by CEX, scammers usually operate on DEX and there are malicious cryptocurrency scams happening on DEX where developers abandon a project with investors’ funds. These people can repeat such scams over and over again and may never be caught. — Practical aspects of using DEX. — Converting Fiat currency to Cryptocurrencies As a majority of the population receive their income in fiat currency, there is a need to convert the fiat currency to cryptocurrency for further trading. The most straightforward way of doing that is through a CEX. After this conversion, the cryptocurrency can then be transferred to the decentralised cryptocurrency wallet to trade on DEX. Some DEX and decentralised cryptocurrency wallets offer fiat to cryptocurrency conversion, but the fees are often way higher than what CEX charges. Another option is to arrange for a peer-to-peer transfer with other users separately. Overall, this makes DEX trading more inconvenient and a bigger barrier of entry for investors who are new to cryptocurrency investing. The transfer fees also add up over time. User interface The interface of many DEX out there currently is more complicated and less user friendly than CEX. Their design and features are not similar to the traditional exchange platforms that most people are used to. The added customisation feature in DEX may also be confusing to some users. Such an interface poses entry barriers to new users to start using DEX. There are changes to the DEX space every day and developers are already working towards simplifying the platforms with more people starting to use DEX. — Last words (for now). — There is a misconception that trading on DEX is riskier than trading on CEX. This may be because many of the cryptocurrency scams happen on DEX. Scams on DEX are indeed more prevalent due to the privacy it provides and the availability of different cryptocurrencies. Further, with an intermediary in CEX, some people have the impression that the intermediary will bail them out if anything happens. While the intermediary may bail users out, it is not guaranteed, and they are not obligated to do so. Most (if not all) scams occur because of user carelessness or hoping for extreme returns. Ultimately, the trading platform is only a tool. The safest thing is to be extra cautious and do your own due diligence before any investments. The whole DeFi and DEX space is evolving rapidly towards providing better user experience and incentives. The future definitely holds bright for this space! Happy crypto-ing! Remember to DYODD! Text by Yong Xin Kwek Crypto 101: What is a decentralised exchange (DEX)? was originally published in BOLT Global on Medium, where people are continuing the conversation by highlighting and responding to this story.




Crypto 101: What is a centralised exchange (CEX)?

Your beginner’s guide to trading on a centralised exchange. Centralised exchanges are platforms that are set up and owned by an intermediary for buyers and sellers to conduct their transactions. This intermediary governs and oversees the services and transactions on the exchange. It has the authority to regulate and control the entire exchange. From a cryptocurrency trading standpoint, it decides the types of services and cryptocurrency pairs that should be made available for its users, the transactions that should be cleared, the people who are allowed to use its services, and the limits that should be put in place for each user. Picture this: Two siblings exchange their belongings with each other in accordance with the rules (timing, permitted products, location of the exchange, etc) set by their mother. In this case, the siblings are the participants, and the mother is the intermediary. You may be wondering — why are we even talking about CEX when many argue that the whole point about cryptocurrencies is a move towards decentralised finance (DeFi) and removing intermediaries who are given too much power? Before we dismiss CEX completely, do note that trading through CEX is currently the most common method people use to trade cryptocurrencies. There are more than 300 CEX in operation at this point. Top 5 CEX listed on Coinmarketcap according to their scores:Image from Coinmarketcap (8th November 2021) — Why do people still use centralised exchanges to trade in cryptocurrencies?. — There are several reasons why many people still use CEX to trade in cryptocurrencies despite the movement towards DeFi brought by this asset class: — Ease of use. — The general population is more familiar with using a service that is offered by an intermediary. It gives them comfort that there is someone accountable for the quality of the service provided. These intermediaries will try to attract as many users as possible as trading volume is directly correlated to their profit. As such, they are incentivised to design platforms that are easy to use and mimic what the general population is already used to in their trading activities in traditional finance. An interface for those trading in traditional finance is used to:Image from Binance (8th November 2021) An even easier interface for those who have no trading experience at all:Image from Binance (8th November 2021) — Fees. — At the time of writing, it costs around USD $100 to do a transaction between USDT and Ethereum on a decentralised exchange (Uniswap). For the same transaction on Binance, the transaction cost is USD $0.015 (0.15%). You may be wondering the reason for the big difference in trading fees and why CEX can sometimes be much cheaper. We first need to understand how the transactions on centralised exchanges are executed. The transactions on centralised exchanges are executed “off the chain”. This means that when a user buys US$100 worth of Ethereum on a CEX, this transaction is not broadcasted on the Ethereum blockchain and there is no need for validators to validate this transaction. This transaction is only recorded in the exchange’s own ledger or sidechain. Without the need for validators, the fees involved in executing a transaction are only those charged by the intermediary to include the transaction in their own ledger. Therefore, this fee is controlled entirely by the intermediary. This is also the reason why some hardcore supporters of DeFi remark that the cryptocurrencies bought on centralised exchanges do not truly belong to the buyer. On the other hand, the transaction fee for decentralised exchanges is dependent on the congestion of the network. This means that when there are more transactions, the network is more congested, and the transaction fee will be higher. Depending on the network, there may be instances where the transaction fee on decentralised exchanges is much cheaper than that of centralised exchanges. However, these instances are not common for transactions on the Ethereum network, which is one of the most popular networks. — Trust. — There are many people who want to have an intermediary whom they can hold accountable when things go wrong. Centralised exchanges are also increasingly regulated by different regulators in the jurisdictions they operate in and many people (especially those in developed countries) actually trust and want the government to regulate these intermediaries. With an intermediary governing the exchange, these users are hopeful in terms of the accountability, security, and customer protection these intermediaries provide. CEX provide users with digital cryptocurrency wallets and the ownership of the private keys of the wallets are held by the exchange. They also serve as the custodian of the private keys (no ownership). Most reputable CEX also invests heavily to ensure that your private keys are held securely in a cold wallet which reduces the risk of a hack. However, this does not mean that centralised exchanges are completely safe from any attacks. While most intermediaries constantly improve the security of the exchange as much as possible, it can still be compromised. There are also people who feel that the intermediary, especially established ones, will compensate them if the exchange suffers any attacks. Do note that while that is possible, there is no guarantee that any intermediary will provide any compensation for any attacks. — Is CEX the way to go then?. — Assuming you get past the factors on ownership and authority power described above, you also have to consider the accessibility and availability associated with using CEX: the CEX that is available to you (depending on where you reside) and the cryptocurrency pair that you want to trade in. Many centralised exchanges only allow users residing in certain locations to use their services. In addition, CEX typically only list cryptocurrencies with substantial trading volume on their exchange. Therefore, if you are looking to trade a cryptocurrency with a small market capitalization and low trading volume (which is often the case for new cryptocurrencies), it may not be available on the CEX you have access to and you will have to trade on decentralised exchanges. There are cases where selected special projects may choose to do a fundraising event administered by CEX (Initial Exchange Offering). This means that the cryptocurrency will first be launched on the CEX. The ease of use, fees involved, and reliability of the exchange are important long-term considerations that you definitely have to evaluate before you put all your money into any CEX account. Where possible, it is not a bad idea to have more than one CEX account from a diversification perspective as these centralised exchanges may change their rules at any time (controlling power of the intermediary). For example, Binance implemented a prohibition order that prohibits Singapore users from trading cryptocurrency on their main platform with a one month notice in September 2021. — Concluding Tip: Know the best way to fund the CEX account. — To use a centralised exchange, you have to load your account with the fiat or cryptocurrency you want to trade. Different exchanges have different methods of transferring these assets; such as swift transfers, or peer-to-peer transfers. There are also exchanges that accept credit card payments. However, credit card payments are often the most expensive in terms of fees. It is important to check the most cost-efficient and safest way to transfer assets (including cash) into the account for trading as these fees will eat into your profit over time. Happy trading and DYODD! Text by Yong Xin Kwek Crypto 101: What is a centralised exchange (CEX)? was originally published in BOLT Global on Medium, where people are continuing the conversation by highlighting and responding to this story.




How to set up your BoltX Wallet via your browser

Follow this quick guide on setting up the BoltX Extension on your browser. — BoltX is your gateway to the blockchain — a crypto wallet designed for the decentralised finance (DeFi) universe! With the BoltX web extension, your web browser instantly turns into a web-based crypto wallet. You can use BoltX to send, receive, and store Ethereum, Zilliqa and even NFTs! BoltX consists of:BoltX Web Extension;BoltX iOS and Android app. In this guide, we will go through the steps to take to download and create your first BoltX Extension wallet. Step 1 Download the extension on your browser here — Step 2. — Open the extension on your browser. We support Chrome, Brave, Opera, Vivaldi, Edge. — Step 3. — Click ‘create wallet’ if you wish to create a new BoltX wallet account. Alternatively, by clicking ‘restore wallet’, you can bring your own wallet over! Simply input your 12-word recovery phrase from other wallets (such as ZilPay, MetaMask, Trust Wallet) to import it into the BoltX Extension. For those restoring your wallet, you can skip to Step 5. — Step 4. — Note down the 12-word recovery phrase or mnemonic key provided to you and store it safely on a piece of paper. It’s best to keep it in a safe or locked drawer for the ultimate security. — Step 5. — Create a new password for your wallet account. — Step 6. — Congratulations! You’ve officially opened a new wallet account with BoltX Extension. At this step, you can now add in your coins. The Extension supports all ERC20 and ZRC2 tokens — simply input the ERC20/ZRC2 token contract address and your funds will appear in your wallet! — You can also send, receive, and admire your NFTs in one gallery via the Extension. — — Store NFTs. — We support Ethereum (ERC-721) and Zilliqa NFTs in the Extension. — Send/receive NFTs. — Our Web extension currently supports the Ethereum and Zilliqa blockchains. Reach out to our team to share support for your favourite coins and get them added to BoltX! Visit boltx.app and follow @boltx_finance for more updates on the wallets and our project! How to set up your BoltX Wallet via your browser was originally published in BOLT Global on Medium, where people are continuing the conversation by highlighting and responding to this story.




Crypto 101 — Guide to Cryptocurrency Trading for Beginners

Crypto 101 — Guide to Cryptocurrency Trading for Beginners So you have just discovered a new and mysterious asset class — cryptocurrency — and are all excited to start trading immediately. But before you actually begin, we strongly recommend that you have a basic understanding of cryptocurrency (which is not rocket science we promise). Here’s a 101 on how to get started on the world of cryptocurrency!Now, how do you start trading cryptocurrency? Trading cryptocurrency may sound intimidating at first instance, but the concept is really simple because, in fact, we engage in the act of ‘trading’ in our daily lives. A trade is established when a buyer and a seller for a product (cryptocurrency in this case) agree to buy/sell that product for a specified price and quantity at any given time. From a day-to-day standpoint, this is the same as us going to the supermarket and buying a pack of crisps at a specified price from the owner of the supermarket who is the seller of the chips. From a traditional financial standpoint, this is also not much different from buying and selling stocks where buyers and sellers agree to transact a particular stock for a particular price and quantity. Going back to the crypto world, before trading any cryptocurrencies, you have to first determine how and where to trade. Cryptocurrencies are typically traded on an exchange. A cryptocurrency exchange is a marketplace (virtual in this case) where buyers and sellers gather to buy and sell cryptocurrencies. The prices of cryptocurrencies are quoted in fiat or against another cryptocurrency (also known as crypto pair or trading pair). For example, the price of Ethereum (ETH) is around $4234.95USD or 0.07 BTC at the time of writing. Further, the cryptocurrency market is open for trading 24/7 — it never sleeps! This means that you can trade at any time of the day, no matter where you are located or which time zone you are in as long as you have an internet connection.Decentralised vs centralised exchanges There are two types of cryptocurrency exchanges for trading: 1) centralised exchanges and 2) decentralised exchanges. Centralised exchanges are exchanges where trading services are conducted through a “middleman” or an intermediary who facilitates the buy and sell transactions between buyers and sellers. This intermediary governs and oversees the services and transactions on the exchange. It has the authority to regulate and control the entire exchange. For example, it decides the types of services and cryptocurrency pairs that should be made available for its users, the transactions that should be cleared, the people who are allowed to use its services, and the limits that should be put in place for each user, etc. Trading through centralised exchanges is currently the most common method people use to trade cryptocurrencies. Binance is the largest centralised cryptocurrency exchange in the world in terms of volume at this time. This is followed by Coinbase and FTX. On the other hand, decentralised exchanges are exchanges that are not controlled nor governed by any intermediary. There is no “middleman” between buyers and sellers and trades are executed as long as the conditions (price, quantity, etc) are met. Decentralized exchanges work in the same way as a blockchain where the exchange network distributes verification powers to anyone willing to join the network and validate transactions. In a simplistic sense, decentralised exchanges operate through a network where sellers offer cryptocurrencies and buyers purchase the cryptocurrencies they are interested in. There is no corporate authority between the buyers and sellers and the exchange itself is merely a platform for the buyers and sellers to buy/sell cryptocurrencies directly with each other. The largest decentralised cryptocurrency exchanges are Uniswap, dYdX and Pancakeswap.What you should consider before making your first crypto trade Before deciding on which type of exchange to place your first cryptocurrency trade, do consider the following factors: Residency Depending on where you are residing, certain centralised exchanges may not be operating in that country/state or only the affiliated version of a major centralised exchange is available to you. These restrictions are usually imposed by regulatory prohibition from the government. For example, US residents are only allowed to use Binance US and not Binance Global. In cases where you are unable to access any centralised exchanges (for example, China residents), you will have to trade in a decentralised exchange. Availability For centralised exchanges, only cryptocurrencies that meet the listing requirements of the intermediary governing the exchange will be listed. This means that the cryptocurrency that you are looking to trade in may not be available on the centralised exchanges that you are able to use. For example, the Binance global exchange supports the trading of more than 500 cryptocurrencies but Binance US only has more than 50 cryptocurrencies listed. While cryptocurrencies with large market capitalisation such as Bitcoin, Ethereum, Cardano, etc are typically listed in most of the centralised exchanges, some cryptocurrencies, especially those with small market capitalisation, may not be listed on any centralised exchanges. In cases where the cryptocurrency you want to trade in is not available on the centralised exchanges you have access to, you will have to trade on decentralised exchanges. Decentralised exchanges generally have more cryptocurrencies pairs available, including cryptocurrencies with smaller market capitalisation. In fact, most cryptocurrencies start trading in decentralised exchanges first before being listed on a centralised exchange. However, there are liquidity issues to consider when trading in such cryptocurrencies which we will further elaborate below. Liquidity The prices and liquidity of the cryptocurrencies available on any exchange depend on the number of buyers and sellers conducting their trading activities on the platform. Large exchanges generally have good liquidity as they have a big user base and for centralised exchanges, they only list cryptocurrencies that are actively traded in the first place. Decentralised exchanges may have more cryptocurrency pairs listed but there may be liquidity issues if that particular decentralised exchange does not have many users or that cryptocurrency is not actively traded. When a cryptocurrency is illiquid, there may be difficulties with buying and/or selling the cryptocurrency and the price of the cryptocurrency is likely to be even more volatile. Fees There are trading fees involved in trading on both centralised and decentralised exchanges. Centralised exchanges charge trading fees ranging from 0.1% to 2% per trade. There may also be transaction costs associated with transferring fiat into your account or credit card fees. For decentralised exchanges, the fees for a transaction depend on how congested the network is at the time of the trade, and that is determined by the number of people transacting at that time. The fees at any time also differ depending on the nature of the transaction and the speed of the transaction. A transfer transaction costs around $25 USD while a token “buy/sell” transaction (sometimes referred to as a swap depending on the exchange) costs around $80 USD at this time. As trading fees will add up quickly and eat into your profits, it is important to consider trading fees especially if you are looking to trade regularly. Security No article on cryptocurrency is complete without mentioning security. From a trading standpoint, hackers can hack into an exchange platform and disrupt the network. They may reroute transactions to themselves or even steal cryptocurrencies stored in the users’ wallets. The way an exchange reacts to such incidents varies and there is no guarantee that the exchange will compensate for any losses. Some exchanges may refund losses to their users, while others may not do so. There were also exchanges that never recovered from such attacks. Therefore, the security of an exchange is vital in considering where to execute your trade. While no exchange is completely immune to malicious activities, some are safer than others and large exchanges with high trading volume are generally safer. Authority As mentioned above, centralised exchanges are owned and controlled by a corporate authority while there is no such figure in decentralised exchanges. Some people are used to and want an intermediary to clear their transactions and govern the platform while there are others who simply do not want any control by any intermediary on their transactions. It is not unusual for people to adopt a hybrid approach and trade using both decentralised and centralised exchanges, depending on the factors listed above. This article is meant to provide a basic overview of cryptocurrency trading for beginners to trade your first cryptocurrency. As you progress further in your crypto trading journey, there are different types of trading you can explore such as active trading, swing trading, leveraged trading that fit your trading style. Happy trading! Text by Yong Xin Kwek Crypto 101 — Guide to Cryptocurrency Trading for Beginners was originally published in BOLT Global on Medium, where people are continuing the conversation by highlighting and responding to this story.




Designed for a cross-chain world

BoltX Updates: Add custom tokens, customise gas and price limit, explore a new profile user interface. Update your BoltX app to version 1.20.2 now! BoltX just got a little more interesting
 You’re now able to: - Add custom tokens on Ethereum (ERC20) and Zilliqa (ZRC2) network - Transfer or send tokens with customizable gas limit and gas price - Reset your passcode - Explore new user profile interface - Share realtime crypto news - Track our social accounts and web page links in one placeAdjust gas fees accordingly to your preference!User-friendly profile interface lets you secure your wallet at ease. P.S. As this is quite an upgrade, please don’t be alarmed if it crashes. On the rare occasion this happens, you may delete and reinstall the app! ;) Download BoltX wallet here: iOS | Android Follow BoltX on Twitter Designed for a cross-chain world was originally published in BOLT Global on Medium, where people are continuing the conversation by highlighting and responding to this story.




  BOLT NEWS


Payments Firm Bolt Scraps Deal to Acquire Crypto Company Wyre

    California-based online payments company Bolt is pulling out of an agreement to buy crypto provider Wyre. The news of the scrapped deal, which was agreed to earlier this year, comes amid plunging valuations in the crypto and fintech sectors.Bolt Gives Up Plan for $1.5 Billion Wyre Acquisition Bolt Financial, a U.S. technology company headquartered in San Francisco, said Friday it had scrapped a deal to buy crypto infrastructure provider Wyre Payments, Reuters reported on Saturday. A definitive agreement to acquire Wyre for a reported $1.5 billion was announced by the e-commerce platform in early April. The deal was considered one of the largest crypto business acquisitions this year. After a funding round in January, Bolt was last valued at $11 billion. The report notes, however, that high tech valuations have since come under increased pressure as investor sentiment was hit by recession fears and negative developments in the equity markets. Payments processor Stripe and fintech Klarna Bank have also taken significant valuation cuts, Reuters pointed out. Industry valuations have dropped significantly in the crypto sector as well during the market slump in the past months. In a released statement, Bolt emphasized it will continue its partnership with Wyre. The online checkout firm elaborated that remaining independent would allow it to focus on its core areas of business. Company CEO Maju Kuruvilla was quoted as stating: We will continue our existing commercial partnership wi... read More



Fintech Firm Bolt Acquires Crypto Startup Wyre for $1.5B

    The acquisition is worth a whopping $1.5 billion, making it one of the largest in the sector that did not involve a special purpose acquisition company (SPAC). Crypto mergers and acquisitions have surged over the past year, and there has been $1.25 billion worth of deals done in the first quarter of 2022. This latest one will put activity on track to eclipse the $4.9 billion in crypto-related M&A in 2021, according to the Wall Street Journal. Payments Firms Want Crypto Bolt, founded in 2014, operates in the online-payments space with a “one-click checkout” service for merchants called “CheckoutOS.” The report added that the firm has had $1.3 billion in venture capital investments and was valued at around $11 billion. Wyre provides services for retail and business customers to exchange currencies and crypto assets between banks and wallets and a digital asset trading platform. Bolt and Wyre will be operating together to develop new payments channels for the mainstream, including cryptocurrencies. Wyre CEO Yanni Giannaros stated: “Today, we’re making history and joining forces to reinvent the way that people interact with commerce and crypto … Simply put, we want to allow every retailer to transact easily in cryptocurrency, removing long-standing barriers.” He added that the firm is committed to providing its partners and builders with the tools and infrastructure needed to “create powerful crypto experiences.” Bolt f... read More



Bolt Acquires Wyre for $1.5 Billion, Firm Aims to 'Decentralize Co...

    On Thursday, the payments and checkout and shopper network, Bolt has announced the firm plans to acquire the digital currency provider Wyre in a $1.5 billion deal. Bolt has explained the acquisition is aimed at bolstering cryptocurrency services and 'the opportunity of Web3.'Payments and Checkout Firm Bolt Acquires Wyre The e-commerce platform Bolt has revealed a definitive agreement to acquire Wyre, according to the company's press statements published on Thursday. According to the Wall Street Journal (WSJ), the deal was one of the largest crypto firm acquisitions in terms of financial settlement size in 2022, as the WSJ report noted the acquisition was roughly $1.5 billion. The official Bolt press release does not disclose the financial details of the acquisition deal. The announcement explains that the companies aim to 'decentralize commerce' and 'simplify digital shopping.' Both Bolt and Wyre plan to 'close the transaction and fully integrate before the end of the year, and once complete, the acquisition will bring the power of Bolt's CheckoutOS-one-click checkout, authentication, payments, and fraud protection-to the cryptocurrency ecosystem.' CEO of Bolt: 'Acquisition Will Pave the Way for Seamless, Secure Crypto Transactions' The firm says the benefits of the partnership include millions of Bolt network shoppers gaining access to a variety of digital currencies. Bolt detailed that 'hundreds of retailers' can now accept crypto assets for goods and services. Furthermore... read More



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