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Getting in on it is far more straightforward — and secure — than buying into the existing Reddit Coins ecosystem. Here, you can purchase a Reddit NFT avatar from one of its previous owners. Easy, right? While the Reddit Vault is a compelling option for convenience, Reddit itself will not be able to assist you should you lose access to its password or recovery phrase. You can even use it as a simple browser extension.
Buy some crypto With your crypto wallet in tow, your next step is to pick up some crypto at an exchange like Binance or CoinBase. If you also want to stow away some cash in your crypto wallet for future purchases, we recommend you convert most of your Web3 budget into a stablecoin like USDC or USDT.
These coins have their values backed by the actual U. Whatever is left of your budget, feel free to use it to purchase Ethereum. With its recent Merge , Ethereum has managed to cut down significantly on its energy consumption, and therefore its environmental impact. That means no Al Gore sneaking up behind you. But that is where the crypto enthusiasts live. CoinDCX has a verified channel with over 60, members on its pro community, while WazirX Discuss has more than one lakh members.
On these channels, community members discuss new coins, development in the crypto world, ask exchanges to list new coins, discuss the adverse marketing sentiments, seek tips and dole out advices. Crypto exchanges are alive here. These communities are the bread and butter of crypto.
Gupta also talked about the apprehensions of crypto exchanges when it comes to mainstream advertising. When advertisers cannot openly market a product, they turn their gaze to surrogates, which means brand marketing without mentioning the product. Alcohol is a classic example. Even though crypto ads are not officially banned, the companies have had to skirt around marketing their product. And they have redefined surrogate marketing in a sense. Though not a crypto exchange, Dream 11 is a good example.
Another way of advertising is informative content. The brand has been uploading informative videos on their YouTube channel. We have extensive videos with dejargonised crypto guides, a special section called coin reports, created by a third party, Credit Ratings for Exchanges, Blockchains and coin offerings crebaco on various coins being traded and series of reports.
WazirX YouTube channel has only a few thousand or even triple-digit views on their videos. Dialogue with the government also seems in free suspension. There is also need for a separate department for monitoring ads. Currently, the narrative of crypto in India is fluctuating. Malhotra was also member of The Blockchain and Crypto Assets Council, which he says was working with the government to understand the market space better.
Crypto exchanges are waiting to see what the new financial year brings.
LD CAPITAL CRYPTO
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