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Health, Wealth, and Happiness

March 27, 2024

"To bring about change, you must not be afraid to take the first step. We will fail when we fail to try."

- Rosa Parks

Howdy, investors!

Today we break down fees for buying bitcoin so you can use more of your capital to actually buy bitcoin.

Bitcoin mining revenue was especially strong in Q1 2024, but the upcoming halving event could significantly change the mining industry.

Three top Web3 projects are planning to merge their tokens and focus on R&D in the burgeoning AI space. Call it a crypto + AI "uber-investment."

What's it like to be a young crypto developer during both boom and bust periods? Read the journey of one former Uniswap developer.

Read on!

Where to Buy Bitcoin with the Lowest Fees

by Matthew Du

If you’re investing in crypto, there’s a good chance you’re buying bitcoin.

However, there’s always a “tax” for directly purchasing bitcoin, in the form of fees.

Unfortunately, costs aren’t standard across platforms, so savvy investors will want to shop around to get the best (lowest) fees.

Finding a low-fee platform for buying bitcoin is about more than just saving a few pennies; it’s about maximizing your profits over the long run. Fees can significantly impact your profitability, especially if you’re an investor who makes consistent purchases over time.

In our new guide, we’ll discuss bitcoin fees and show you where to purchase crypto at the lowest possible cost.

Buy some bitcoin without overpaying in fees >>

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Must Read

Today's most important stories for crypto investors.

State of the Network’s Q1 2024 Mining Special (Coin Metrics)

This special report focuses on bitcoin miner profitability, which has been affected by the introduction of spot bitcoin ETFs. Additionally, the bitcoin halving will be a critical moment for miners. At the same time, where miners are located matters more and more, as operators seek favorable financing terms, low-cost power, and relaxed regulatory environments in emerging markets. For those mining or investing in mining pools, worth a read.

Leading AI Tokens to Merge Assets and Forge Shared "Tokenomic Network" (The Defiant)

Ocean Protocol, SingularityNET, and Fetch AI have announced a partnership to merge their tokens and collaborate on research and development in the artificial intelligence sector. If approved, a new token called ASI will be created with a fully diluted valuation of $7.5 billion and a total supply of 2.6 billion tokens. The partnership comes amid surging interest in AI, with AI tokens experiencing strong performance in recent months. For crypto investors looking to invest in AI, consider this your AI "uber-token."

Is the Music Still Playing and Other Rhetorical Questions on My Crypto Journey (Paragraph.xyz)

This is an insightful look into one young dev's journey in the crypto industry, from joining Uniswap Labs in late 2021 to leaving after two and a half years. Readers will dive into the challenges of finding actual use cases for crypto beyond speculation and the risks of getting caught up in narratives and hype. The lesson: to advocate for "honest optimism" and a commitment to building technology that aligns with your values without muddying the waters with obscure or misleading narratives.

Chart of the Day

Crypto Lending Activity Picks Up

While staking is the most popular yield generation method, interest in lending is also growing, with the total amount in lending protocols now topping $10 billion.

Lending can also be particularly profitable, especially when stablecoins are used as collateral. On some platforms, current lending rates on USDT and USDC can be over 10%.

In the chart above, Aave (AAVE) is the leading lending platform, with just under $6 billion committed. Other popular platforms include Compound (COMP), Morpho (MORPHO), and Spark Protocol (a product of MKR).

With crypto prices on the rise, lending is likely to gain more attention as some traders look to leverage their positions. This added demand could increase lending yields, even as staking yields are trending lower.

Smart investors can invest in the leading lending protocols by buying and holding their tokens for the long term.

ICYMI