[Alvaro de Ramon Murillo]

I recommend looking into Algorand. Other in my radar are Celo, Near, Chainlink, Avalanche and Polygon.

[Alvaro de Ramon Murillo]

You’re much welcome Cathy. Sorry for the delay in my reply. I have no idea what you mean by “Mani” though ahahah. Wishing you a prosperous weekend

[Alvaro de Ramon Murillo]

You’re most welcome. So you have two types of wallets: cold wallets and hot wallets. Ones store your crypto in a hardware device (like a kind of pen drive with your crypto in it) and the other is on behalf of a third party. As far as I know. In that second category stand the ones where you hold the real crypto (like MetaMask) and the ones who hold the crypto for you (like Revolut). The fees of Crypto.com and Revolut tend to be around 1-2% of what you sell. For opening a Revolut account you have to download the app (not sure if it’s available yet in Australia). The good thing about Revolut, leaving aside the UX which is very important but irrelevant in the pure monetary aspect, is that you can directly sell AUD for whichever crypto you want from their portfolio and viceversa. I have used MetaMask and Coinbase Wallet very little and it was quite a mistake I learnt from (because the gas fees you have to pay for both buying other coins from Ethereum and selling and moving your crypto from their wallet to other wallets is insane (around 5-10%) as gas fees are subject to high volatility so you may end up with huge surprises). For the Algorand wallet, in case you’re interested to have it, you can transfer your Algorand directly from any other wallet (example: buy Algorand on Crypto.com and sending it, which is what I personally do). On the other hand, that is not possible with Revolut since Paxos holds the Algorand for you and not oneself directly, so you don’t get the rewards and it’s not possible to yield through Governance or participate in the advancements of the voting periods. Hope that helps!

[Alvaro de Ramon Murillo]

Hello Cathy and thank you for your question. I don’t recommend Coinbase, the platform has a nice user experience but fees and their Wallet are overly expensive (there’s a thing called “gas fees” which is a variable cost of minting certain coins which is as expensive as 20% of what you buy or sell). I personally use three platforms: eToro (don’t recommend), Crypto.com (I do recommend) and Revolut (I love it although you don’t own your crypto like with Crypto.com, Paxos owns them and they keep it for you kind of). Pluses of Crypto.com: low fees, good user experience, over 400 coins to pick from. Pros of Revolut: awesome user experience, you can use it as your bank account, crypto account, stocks account and even create an account for your children! On top of all this I recommend in the case of Algorand (the coin I mentioned) using their wallet. The Algorand protocol is created by Silvio Micciali, the father of modern cryptography and the team is made out of MIT alumni mostly. He happens to have been a working colleague and friend of Gary Gensler, who’s now the SEC person in charge of regulating crypto. The Wallet enables you to store your Algorand and receive more Algorand for keeping it there and also enables you to participate in Algorand Governance which works as follows: you lock a percentage of your stake for a period of 3 months and get a retribution of 10% of what you got plus what you previously put. You have the power to vote and make decisions with the community on the fate of the coin and this is part of a growing decentralization of the protocol. Moreover, unlike other coins such as Solana, which has seen a 1000%+ return this year, Algorand has “only” seen a 300% raise in its price and may be headed to higher highs and higher lows. This is in no case financial advice and I recommend you doing your own research. Good places to look for information are Wikipedia, LinkedIn, the websites of the coins (look for their Whitepapers, where they explain the principles behind their coin and what differentiates them), and information sources such as CoinMarketCap which has a great library of content to learn everything about crypto called Alexandria. Other information sources about financial technical stuff can be Investopedia, great great content and hundreds of useful definitions and practical examples. Hope this helps. We live in exciting times for cryptocurrencies. Good luck and hit me up with anything if needed.