Sample User Guide

“Crypto” is shorthand for cryptocurrency, a form of digital currency that relies on a technology called blockchain.

Imagine the blockchain as a public digital ledger where all transactions are recorded securely and chronologically. Miners are essentially computers or specific machines (called ASICs) that verify and validate these transactions by solving complex mathematical problems.

It’s as if the miners were accountants making sure that everything is in order. For a transaction to be approved, it must be approved by the majority of accountants (=miners), who then add a page to the account book (=blockchain), guaranteeing the security and reliability of the system.

What makes cryptocurrencies unique is that they are not controlled by a single entity such as a bank or government. Instead, they rely on principles of decentralization and cryptography to ensure the security and transparency of transactions. This also means they are more resistant to censorship and manipulation.

For example, Bitcoin is one of the most popular cryptocurrencies. It was created to operate without a central authority, meaning that no government or bank can control it. It’s like digital money that’s managed by a global network of participants, rather than a single institution.

Bitcoin was one of the first digital cryptocurrencies to be developed, and is based on blockchain technology. Unlike traditional currencies, Bitcoin is not controlled by a central authority such as a central bank or government.

When someone makes a Bitcoin transaction, it is verified and added to a group of transactions calleda “block“. Miners, network participants, solve complex mathematical problems to validate these transactions and add the block to the existing blockchain. This process is called“mining“, and it guarantees the system’s security and transparency.

If you’d like a real-time overview of the transaction and mining process, you can visit a website such as mempool.space/mempool-block/0. This will enable you to see how transactions are added to the blockchain over time.

Blockchain is a distributed ledger technology that records transactions transparently and immutably, ensuring security and decentralization.

It’s like a magic notebook shared by everyone. When someone does something important, like buying something using money, they write it in the notebook. The cool thing is that everyone can see what’s written, and once it’s there, it can’t be erased. So it’s super secure! And instead of just one person controlling the notebook, everyone shares it, which makes it very fair and special.

–> –> See question “How does bitcoin work?

A WhitePaper in crypto, often called a white paper in French, is a technical document describing in detail the project, technology, goals and vision of a new crypto-currency or blockchain project.

“It serves as fundamental documentation, providing investors and developers with an in-depth understanding of the project’s value proposition, its technical operation, and the key aspects that set it apart.” quotation

Whitepapers are usually published before the launch of a new crypto or ICO (Initial Coin Offering), enabling interested parties to assess the credibility and potential of the project.

Link to 3 whitepapers:

• Bitcoin
• ethereum
• Cardano

• It depends on what part of the world you’re in…

• In Japan, digital currency is already being used in high-tech stores such as Mediamarkt, Coolblue, etc…

• In El Salvador, bitcoin is already recognized as the national currency!

• In South America, for example in Argentina and Venezuela, inflation has become so high that citizens are using cryptocurrencies to pay merchants! This shows that when a country’s economy fails or can no longer play its role, alternative means must be found.

• In Europe, as in North America, cryptocurrencies are considered risky investments due to their volatility. However, it’s clear that these assets are beginning to appeal to the European and Belgian population (over 500,000 Belgians own at least one cryptocurrency and 6.5 million in France source ADAN ).

• In Asia, they are starting to become privileged assets, but in underdeveloped countries, the population on the poverty line still doesn’t have access to them.

• In Africa, a few countries such as Nigeria

Indeed, each exchange platform has its own distinct characteristics that may influence your choice. Here are a few additional points to consider:

1. User interface and ease of use :

Some platforms, such as Swissborg and Crypto.com, offer a user-friendly interface, particularly on mobile devices (GSM). This can be an advantage for those who prefer a fluid, intuitive user experience.

2. Exchange fee :

Exchange fees can vary from one platform to another. It’s essential to compare transaction fees to choose a platform that suits your budget and needs. (e.g. coinbase, crypto.com, swissborg, fees are expensive).

3. Platform speed :

Transaction processing speed may vary from platform to platform. Some offer fast order execution, while others may be slower due to network congestion or other factors.

4. Methods of depositing money :

Each platform offers different options for depositing money, such as bank transfers, credit cards and even other region-specific payment methods. Choose a platform that offers convenient and secure deposit methods for you.

5. Protection against hacking :

Despite the security measures put in place by platforms, it’s important to recognize that there is no such thing as zero risk. Make sure you choose a platform that takes security seriously and offers advanced protection features, such as two-factor authentication (2FA) and secure storage of funds.

6. Variety of cryptocurrencies available :

Some platforms offer a wider selection of cryptocurrencies than others. If you’re interested in specific digital assets, be sure to check whether the platform supports them before signing up.

By examining these different aspects, you’ll be able to choose the exchange platform that best suits your cryptocurrency trading needs and preferences. Bear in mind that thorough research and caution are always recommended when selecting an exchange platform.

“Crypto” is shorthand for cryptocurrency, a form of digital currency that relies on a technology called blockchain.

Imagine the blockchain as a public digital ledger where all transactions are recorded securely and chronologically. Miners are essentially computers or specific machines (called ASICs) that verify and validate these transactions by solving complex mathematical problems.

It’s as if the miners were accountants making sure that everything is in order. For a transaction to be approved, it must be approved by the majority of accountants (=miners), who then add a page to the account book (=blockchain), guaranteeing the security and reliability of the system.

What makes cryptocurrencies unique is that they are not controlled by a single entity such as a bank or government. Instead, they rely on principles of decentralization and cryptography to ensure the security and transparency of transactions. This also means they are more resistant to censorship and manipulation.

For example, Bitcoin is one of the most popular cryptocurrencies. It was created to operate without a central authority, meaning that no government or bank can control it. It’s like digital money that’s managed by a global network of participants, rather than a single institution.

Bitcoin was one of the first digital cryptocurrencies to be developed, and is based on blockchain technology. Unlike traditional currencies, Bitcoin is not controlled by a central authority such as a central bank or government.

When someone makes a Bitcoin transaction, it is verified and added to a group of transactions calleda “block“. Miners, network participants, solve complex mathematical problems to validate these transactions and add the block to the existing blockchain. This process is called“mining“, and it guarantees the system’s security and transparency.

If you’d like a real-time overview of the transaction and mining process, you can visit a website such as mempool.space/mempool-block/0. This will enable you to see how transactions are added to the blockchain over time.

Blockchain is a distributed ledger technology that records transactions transparently and immutably, ensuring security and decentralization.

It’s like a magic notebook shared by everyone. When someone does something important, like buying something using money, they write it in the notebook. The cool thing is that everyone can see what’s written, and once it’s there, it can’t be erased. So it’s super secure! And instead of just one person controlling the notebook, everyone shares it, which makes it very fair and special.

–> –> See question “How does bitcoin work?

A WhitePaper in crypto, often called a white paper in French, is a technical document describing in detail the project, technology, goals and vision of a new crypto-currency or blockchain project.

“It serves as fundamental documentation, providing investors and developers with an in-depth understanding of the project’s value proposition, its technical operation, and the key aspects that set it apart.” quotation

Whitepapers are usually published before the launch of a new crypto or ICO (Initial Coin Offering), enabling interested parties to assess the credibility and potential of the project.

Link to 3 whitepapers:

• Bitcoin
• ethereum
• Cardano

• It depends on what part of the world you’re in…

• In Japan, digital currency is already being used in high-tech stores such as Mediamarkt, Coolblue, etc…

• In El Salvador, bitcoin is already recognized as the national currency!

• In South America, for example in Argentina and Venezuela, inflation has become so high that citizens are using cryptocurrencies to pay merchants! This shows that when a country’s economy fails or can no longer play its role, alternative means must be found.

• In Europe, as in North America, cryptocurrencies are considered risky investments due to their volatility. However, it’s clear that these assets are beginning to appeal to the European and Belgian population (over 500,000 Belgians own at least one cryptocurrency and 6.5 million in France source ADAN ).

• In Asia, they are starting to become privileged assets, but in underdeveloped countries, the population on the poverty line still doesn’t have access to them.

• In Africa, a few countries such as Nigeria

Indeed, each exchange platform has its own distinct characteristics that may influence your choice. Here are a few additional points to consider:

1. User interface and ease of use :

Some platforms, such as Swissborg and Crypto.com, offer a user-friendly interface, particularly on mobile devices (GSM). This can be an advantage for those who prefer a fluid, intuitive user experience.

2. Exchange fee :

Exchange fees can vary from one platform to another. It’s essential to compare transaction fees to choose a platform that suits your budget and needs. (e.g. coinbase, crypto.com, swissborg, fees are expensive).

3. Platform speed :

Transaction processing speed may vary from platform to platform. Some offer fast order execution, while others may be slower due to network congestion or other factors.

4. Methods of depositing money :

Each platform offers different options for depositing money, such as bank transfers, credit cards and even other region-specific payment methods. Choose a platform that offers convenient and secure deposit methods for you.

5. Protection against hacking :

Despite the security measures put in place by platforms, it’s important to recognize that there is no such thing as zero risk. Make sure you choose a platform that takes security seriously and offers advanced protection features, such as two-factor authentication (2FA) and secure storage of funds.

6. Variety of cryptocurrencies available :

Some platforms offer a wider selection of cryptocurrencies than others. If you’re interested in specific digital assets, be sure to check whether the platform supports them before signing up.

By examining these different aspects, you’ll be able to choose the exchange platform that best suits your cryptocurrency trading needs and preferences. Bear in mind that thorough research and caution are always recommended when selecting an exchange platform.

Crypto” is shorthand for cryptocurrency, a form of digital currency that relies on a technology called blockchain. Think of the blockchain as a public digital ledger where all transactions are recorded securely and chronologically.

• What is Crypto?
• How does Bitcoin work?
• How does blockchain technology work?
• What is a whitepaper?
• Bitcoin as a national currency?
• What are the differences between cryptocurrency platforms?

“Crypto” is shorthand for cryptocurrency, a form of digital currency that relies on a technology called blockchain.

Imagine the blockchain as a public digital ledger where all transactions are recorded securely and chronologically. Miners are essentially computers or specific machines (called ASICs) that verify and validate these transactions by solving complex mathematical problems.

It’s as if the miners were accountants making sure that everything is in order. For a transaction to be approved, it must be approved by the majority of accountants (=miners), who then add a page to the account book (=blockchain), guaranteeing the security and reliability of the system.

What makes cryptocurrencies unique is that they are not controlled by a single entity such as a bank or government. Instead, they rely on principles of decentralization and cryptography to ensure the security and transparency of transactions. This also means they are more resistant to censorship and manipulation.

For example, Bitcoin is one of the most popular cryptocurrencies. It was created to operate without a central authority, meaning that no government or bank can control it. It’s like digital money that’s managed by a global network of participants, rather than a single institution.

Bitcoin was one of the first digital cryptocurrencies to be developed, and is based on blockchain technology. Unlike traditional currencies, Bitcoin is not controlled by a central authority such as a central bank or government.

When someone makes a Bitcoin transaction, it is verified and added to a group of transactions calleda “block“. Miners, network participants, solve complex mathematical problems to validate these transactions and add the block to the existing blockchain. This process is called“mining“, and it guarantees the system’s security and transparency.

If you’d like a real-time overview of the transaction and mining process, you can visit a website such as mempool.space/mempool-block/0. This will enable you to see how transactions are added to the blockchain over time.

Blockchain is a distributed ledger technology that records transactions transparently and immutably, ensuring security and decentralization.

It’s like a magic notebook shared by everyone. When someone does something important, like buying something using money, they write it in the notebook. The cool thing is that everyone can see what’s written, and once it’s there, it can’t be erased. So it’s super secure! And instead of just one person controlling the notebook, everyone shares it, which makes it very fair and special.

–> –> See question “How does bitcoin work?

A WhitePaper in crypto, often called a white paper in French, is a technical document describing in detail the project, technology, goals and vision of a new crypto-currency or blockchain project.

“It serves as fundamental documentation, providing investors and developers with an in-depth understanding of the project’s value proposition, its technical operation, and the key aspects that set it apart.” quotation

Whitepapers are usually published before the launch of a new crypto or ICO (Initial Coin Offering), enabling interested parties to assess the credibility and potential of the project.

Link to 3 whitepapers:

• Bitcoin
• ethereum
• Cardano

• It depends on what part of the world you’re in…

• In Japan, digital currency is already being used in high-tech stores such as Mediamarkt, Coolblue, etc…

• In El Salvador, bitcoin is already recognized as the national currency!

• In South America, for example in Argentina and Venezuela, inflation has become so high that citizens are using cryptocurrencies to pay merchants! This shows that when a country’s economy fails or can no longer play its role, alternative means must be found.

• In Europe, as in North America, cryptocurrencies are considered risky investments due to their volatility. However, it’s clear that these assets are beginning to appeal to the European and Belgian population (over 500,000 Belgians own at least one cryptocurrency and 6.5 million in France source ADAN ).

• In Asia, they are starting to become privileged assets, but in underdeveloped countries, the population on the poverty line still doesn’t have access to them.

• In Africa, a few countries such as Nigeria

Indeed, each exchange platform has its own distinct characteristics that may influence your choice. Here are a few additional points to consider:

1. User interface and ease of use :

Some platforms, such as Swissborg and Crypto.com, offer a user-friendly interface, particularly on mobile devices (GSM). This can be an advantage for those who prefer a fluid, intuitive user experience.

2. Exchange fee :

Exchange fees can vary from one platform to another. It’s essential to compare transaction fees to choose a platform that suits your budget and needs. (e.g. coinbase, crypto.com, swissborg, fees are expensive).

3. Platform speed :

Transaction processing speed may vary from platform to platform. Some offer fast order execution, while others may be slower due to network congestion or other factors.

4. Methods of depositing money :

Each platform offers different options for depositing money, such as bank transfers, credit cards and even other region-specific payment methods. Choose a platform that offers convenient and secure deposit methods for you.

5. Protection against hacking :

Despite the security measures put in place by platforms, it’s important to recognize that there is no such thing as zero risk. Make sure you choose a platform that takes security seriously and offers advanced protection features, such as two-factor authentication (2FA) and secure storage of funds.

6. Variety of cryptocurrencies available :

Some platforms offer a wider selection of cryptocurrencies than others. If you’re interested in specific digital assets, be sure to check whether the platform supports them before signing up.

By examining these different aspects, you’ll be able to choose the exchange platform that best suits your cryptocurrency trading needs and preferences. Bear in mind that thorough research and caution are always recommended when selecting an exchange platform.

Learn the first steps to getting started: how to get cryptocurrency and how to store it safely.

• How do you get started with crypto?
• How can I buy cryptos?
• How to use a decentralized exchange
• How to make a cryptocurrency transfer?
• How to store cryptos safely?
• Can a cryptocurrency transaction be cancelled?

1.invest a moderate amount on a regular basis

To avoid investing when the market is at its highest, and thus minimize risk, it is advisable to invest a non-consequential sum on a monthly basis. Services such as stackinsat.com in France offer simple savings plans based on Bitcoin.

2.create an account on a crypto exchange platform

Consult the section on platforms to choose from to select a reliable crypto exchange suited to your needs.

3.ask a friend for help

If you’re a novice, don ‘t hesitate to enlist the help of a friend who’s ready to guide you and explain the basics. Or don’t hesitate to call us on our support number.

4. follow training courses and tutorials

To deepen your knowledge, you can follow our free training courses and tutorials specially designed for Belgian citizens. If you need further assistance, please do not hesitate to contact our team directly.

5. take the time to get informed

Before you take the plunge, take the time to educate yourself by watching YouTube videos, reading the Bitcoin whitepaper, and starting to study the subject for yourself. The more you understand about how cryptocurrencies work, the more informed your decisions will be.

Cryptocurrencies can be purchased on online exchange platforms using fiat money (euros, dollars, etc.) or other cryptocurrencies.

There are two types of exchange platforms:

• Centralized exchange: A centralized exchange is a platform managed by a central entity that acts as an intermediary to facilitate transactions. On these platforms, users deposit their funds into crypto accounts hosted by the exchange. Transactions are executed and recorded in a centralized database.

It is also necessary to verify your identity before purchasing.

• Decentralized Exchange: A decentralized exchange (DEX) operates without a central intermediary. It is based on smart contracts and uses blockchain technology to enable users to exchange assets directly with each other. Users retain control of their private keys and funds, enhancing security and confidentiality. DEX transactions are recorded on the blockchain, offering enhanced transparency.

There’s no need to check your identity before you buy.

To use a DEX, however, you need a hotwallet. Go to the security tab to find out how.

The main difference lies in the degree of centralization: centralized exchanges depend on a central authority, while decentralized exchanges are designed to operate autonomously, without a central point of control.

Before you can use a decentralized cryptocurrency platform, you need a software wallet (hot wallet). Unlike an account on a centralized platform, where wallet and security are generally handled by the platform itself.

A web wallet3 (hot wallet) means you’re on your own, and the risks of piracy are higher. So it’s imperative to be careful not to fall for scams on the web (on Twitter, web pages that look legitimate, etc.).

So make sure you take appropriate security measures to protect your funds and personal information when browsing decentralized applications.

Here’s a simple guide to making a cryptocurrency transfer:

Choosing the right portfolio or exchange

First of all, make sure you have a wallet that supports the cryptocurrency you want to send. This can be an online wallet (hot wallet) or an exchange platform. If you use an exchange, make sure it supports withdrawals to external wallets.

Get reception address

Once you’ve selected your wallet or the one you want to transfer to, obtain the recipient’s receiving address. This address is a series of numbers and letters unique to each wallet. Make sure you copy this address correctly to avoid any errors during the transfer.

Check address

As cryptocurrency transactions are irreversible, it’s crucial to double-check the receiving address. You can even make a small initial transfer to confirm that the address is correct before sending the full amount.

Selecting cryptocurrency and blockchain

Choose the cryptocurrency you wish to transfer and make sure you select the corresponding blockchain. For example, if you wish to transfer a cryptocurrency based on the Solana blockchain, select the Solana blockchain to make the transfer.

Finalize transfer

Once you’ve confirmed all the details, proceed with the transfer by entering the amount you wish to send and following the instructions in your wallet or exchange. Make sure you check the associated transaction fees and have the necessary funds to cover them.

Cryptocurrencies can be stored in software wallets (Rabbit, Metamask,…) and also on hardware wallets (Ledger, Trezor,…) to ensure their security online or offline.

See #SécuritéWeb3 for more information.

You can also leave them on a cryptocurrency platform like Binance, Coinbase, Crypto.com, SwissBorg,… to avoid handling your assets too much. Some people leave staggering amounts on platforms if you’re comfortable, that’s your worry! However, to mitigate this risk, you can transfer your assets to several platforms (binance, coinbase, kraken, etc.).

CAUTION: there is always a small percentage of risk of hacking the platform, but it will be better guarded than in your software portfolio (Rabbit, Metamask, etc.).

In absolute terms, we therefore recommend physical safes to store your cryptocurrencies, especially when you have more than 10,000 euros on a platform.

But here are the hardware portfolios we recommend:

• Ledger Nano S plus (Made in France – €70)
• Trezor (Made in USA – 60€)
• Satochip (Made in Belgium €25)
• Ngrave (Made in Belgium 300€)

These safes are a kind of USB stick that issue crypto IBANs where you can send your cryptocurrencies to your private addresses and protect yourself from hackers and scammers.

As a rule, cryptocurrency transactions are irreversible, underscoring the importance of verification before confirmation.

We therefore recommend checking the recipient’s address several times, or sending a small amount to be sure of the recipient. Addresses often look like this: 0x308B1583d8eE4FAF4907f9e347f66EFCFF7e2E7A (the equivalent of an IBAN but in crypto).

There are indeed risks involved in being your own bank! So it’s crucial to be vigilant and take all the necessary security measures to protect your funds when transacting in cryptocurrencies.

Explore the different ways to invest in cryptocurrencies long-term and trade short-term.

• Why is crypto falling, falling or rising?
• Crypto or Binance?
• How do you assess the value of a crypto-currency?
• Crypto, how to invest?
• Crypto, which one to buy?

Choose a reliable and secure exchange platform

Opt for a CEX (Central Exchange) renowned for its reliability and security (most of them invest in their own cybersecurity). Among the best-known are platforms such as :

• Binance.com
• Bybit.com
• Coinbase (in the United States)
• Bitstamp (in Luxembourg)
• Crypto.com (available only on mobile devices)
• Swissborg (also available on mobile devices only)

Check your identity (KYC)

Before you start trading, you’ll often need to verify your identity in accordance with the platform’s requirements. This process, known as KYC (Know Your Customer), is a security measure designed to prevent money laundering.

Deposit money

Deposit funds into your trading account by bank transfer, which is usually an inexpensive option, or by credit card, although this often incurs higher fees. Pex: Crypto.com and others often have an Estonian, Lithuanian IBAN account. (Binance is now connected with the belfius app)

Exchanging euros for cryptocurrencies and vice versa

Once your funds are on the platform, you can exchange them for available cryptocurrencies. Make sure you comply with your country’s tax laws, such as those in Belgium, and manage your investments responsibly.

Protect your crypto-assets

Normally, you can leave your assets with the platforms. Especially if they are large platforms that have invested in their cybersecurity. . Mais il existe tjs une possibilité de hack ou de société en faillite !

We therefore advise our readers to use a hardware wallet (called a cold wallet) such as Ledger to store your assets outside the exchange platform. This adds an extra layer of security in case of hacking or problems with the platform. This allows you to be your own bank, but it does include the risks of being your own bank!

It’s just a question of supply and demand, a fundamental law of the market. We invite you to read Pourleco ‘s article on this subject.

This effect can also be seen in other markets such as art, classic cars, sneakers and many others.

The more people are interested in a limited object or share, the higher its price. Conversely, if demand falls, the price of that asset tends to fall. This dynamic also applies to cryptocurrencies.

These are two different but related things:

• Crypto is short for cryptocurrency.
• Binance is a centralized crypto-currency platform / cryptocurrency exchange.

The value of a cryptocurrency can be assessed by taking into account various factors such as the underlying technology, thedevelopment team,market adoption and other elements.

It’s advisable to do your own research by reading the project’s whitepaper and studying its viability and coherence. You can also watch videos of influencers or content creators, but then you’ll sometimes get subjective information.

However, it’s important to note that sometimes investors take nothing into account and prefer to speculate on the price of a cryptocurrency, as is the case with “memes coins”. These cryptocurrencies often rely mainly on marketing and influencers, without any real solid foundation.

We do not advise you to invest in “memes coins” such as DOGE, SHIBA, FLOKI, PEPE, etc., but you do so at your own risk. It’s crucial to exercise caution and look for projects with solid foundations and long-term growth potential.

You can check out sites like coinmarketcap.com and coingecko.comto get an overview of the market. You can also take a look at the top 2 most popular cryptocurrencies: Bitcoin and Ethereum.

• There are literally thousands of other cryptocurrencies, each with its own advantages and disadvantages, as well as different technologies and use cases. It’s essential to understand that investments in this field can offer high returns but also carry considerable risks. Some can rise exponentially (x100) while others can crash outright (x0).

Consequently, investing in quality assets is crucial to minimizing potential losses.

Investors are often advised to“DYOR“(Do Your Own Research), which means conducting your own research before making investment decisions. Avoid blindly following the advice of influencers or popular recommendations, as every investor has his or her own objectives and tolerances. different risks. Take the time to understand the fundamentals of each cryptocurrency and carefully assess its growth prospects and potential risks before making an investment decision.

We’ve made a short video about it, but here are the resource links we recommend!

• Grand Angle Crypto
• Hasheur
• Mr TK
• JournalduCoin
• PaulCryptoformation
• Cryptoast
• EspritCryptique

Crypto” is shorthand for cryptocurrency, a form of digital currency that relies on a technology called blockchain. Think of the blockchain as a public digital ledger where all transactions are recorded securely and chronologically.

• What is Crypto?
• How does Bitcoin work?
• How does blockchain technology work?
• What is a whitepaper?
• Bitcoin as a national currency?
• What are the differences between cryptocurrency platforms?

“Crypto” is shorthand for cryptocurrency, a form of digital currency that relies on a technology called blockchain.

Imagine the blockchain as a public digital ledger where all transactions are recorded securely and chronologically. Miners are essentially computers or specific machines (called ASICs) that verify and validate these transactions by solving complex mathematical problems.

It’s as if the miners were accountants making sure that everything is in order. For a transaction to be approved, it must be approved by the majority of accountants (=miners), who then add a page to the account book (=blockchain), guaranteeing the security and reliability of the system.

What makes cryptocurrencies unique is that they are not controlled by a single entity such as a bank or government. Instead, they rely on principles of decentralization and cryptography to ensure the security and transparency of transactions. This also means they are more resistant to censorship and manipulation.

For example, Bitcoin is one of the most popular cryptocurrencies. It was created to operate without a central authority, meaning that no government or bank can control it. It’s like digital money that’s managed by a global network of participants, rather than a single institution.

Bitcoin was one of the first digital cryptocurrencies to be developed, and is based on blockchain technology. Unlike traditional currencies, Bitcoin is not controlled by a central authority such as a central bank or government.

When someone makes a Bitcoin transaction, it is verified and added to a group of transactions calleda “block“. Miners, network participants, solve complex mathematical problems to validate these transactions and add the block to the existing blockchain. This process is called“mining“, and it guarantees the system’s security and transparency.

If you’d like a real-time overview of the transaction and mining process, you can visit a website such as mempool.space/mempool-block/0. This will enable you to see how transactions are added to the blockchain over time.

Blockchain is a distributed ledger technology that records transactions transparently and immutably, ensuring security and decentralization.

It’s like a magic notebook shared by everyone. When someone does something important, like buying something using money, they write it in the notebook. The cool thing is that everyone can see what’s written, and once it’s there, it can’t be erased. So it’s super secure! And instead of just one person controlling the notebook, everyone shares it, which makes it very fair and special.

–> –> See question “How does bitcoin work?

A WhitePaper in crypto, often called a white paper in French, is a technical document describing in detail the project, technology, goals and vision of a new crypto-currency or blockchain project.

“It serves as fundamental documentation, providing investors and developers with an in-depth understanding of the project’s value proposition, its technical operation, and the key aspects that set it apart.” quotation

Whitepapers are usually published before the launch of a new crypto or ICO (Initial Coin Offering), enabling interested parties to assess the credibility and potential of the project.

Link to 3 whitepapers:

• Bitcoin
• ethereum
• Cardano

• It depends on what part of the world you’re in…

• In Japan, digital currency is already being used in high-tech stores such as Mediamarkt, Coolblue, etc…

• In El Salvador, bitcoin is already recognized as the national currency!

• In South America, for example in Argentina and Venezuela, inflation has become so high that citizens are using cryptocurrencies to pay merchants! This shows that when a country’s economy fails or can no longer play its role, alternative means must be found.

• In Europe, as in North America, cryptocurrencies are considered risky investments due to their volatility. However, it’s clear that these assets are beginning to appeal to the European and Belgian population (over 500,000 Belgians own at least one cryptocurrency and 6.5 million in France source ADAN ).

• In Asia, they are starting to become privileged assets, but in underdeveloped countries, the population on the poverty line still doesn’t have access to them.

• In Africa, a few countries such as Nigeria

Indeed, each exchange platform has its own distinct characteristics that may influence your choice. Here are a few additional points to consider:

1. User interface and ease of use :

Some platforms, such as Swissborg and Crypto.com, offer a user-friendly interface, particularly on mobile devices (GSM). This can be an advantage for those who prefer a fluid, intuitive user experience.

2. Exchange fee :

Exchange fees can vary from one platform to another. It’s essential to compare transaction fees to choose a platform that suits your budget and needs. (e.g. coinbase, crypto.com, swissborg, fees are expensive).

3. Platform speed :

Transaction processing speed may vary from platform to platform. Some offer fast order execution, while others may be slower due to network congestion or other factors.

4. Methods of depositing money :

Each platform offers different options for depositing money, such as bank transfers, credit cards and even other region-specific payment methods. Choose a platform that offers convenient and secure deposit methods for you.

5. Protection against hacking :

Despite the security measures put in place by platforms, it’s important to recognize that there is no such thing as zero risk. Make sure you choose a platform that takes security seriously and offers advanced protection features, such as two-factor authentication (2FA) and secure storage of funds.

6. Variety of cryptocurrencies available :

Some platforms offer a wider selection of cryptocurrencies than others. If you’re interested in specific digital assets, be sure to check whether the platform supports them before signing up.

By examining these different aspects, you’ll be able to choose the exchange platform that best suits your cryptocurrency trading needs and preferences. Bear in mind that thorough research and caution are always recommended when selecting an exchange platform.

Learn the first steps to getting started: how to get cryptocurrency and how to store it safely.

• How do you get started with crypto?
• How can I buy cryptos?
• How to use a decentralized exchange
• How to make a cryptocurrency transfer?
• How to store cryptos safely?
• Can a cryptocurrency transaction be cancelled?

1.invest a moderate amount on a regular basis

To avoid investing when the market is at its highest, and thus minimize risk, it is advisable to invest a non-consequential sum on a monthly basis. Services such as stackinsat.com in France offer simple savings plans based on Bitcoin.

2.create an account on a crypto exchange platform

Consult the section on platforms to choose from to select a reliable crypto exchange suited to your needs.

3.ask a friend for help

If you’re a novice, don ‘t hesitate to enlist the help of a friend who’s ready to guide you and explain the basics. Or don’t hesitate to call us on our support number.

4. follow training courses and tutorials

To deepen your knowledge, you can follow our free training courses and tutorials specially designed for Belgian citizens. If you need further assistance, please do not hesitate to contact our team directly.

5. take the time to get informed

Before you take the plunge, take the time to educate yourself by watching YouTube videos, reading the Bitcoin whitepaper, and starting to study the subject for yourself. The more you understand about how cryptocurrencies work, the more informed your decisions will be.

Cryptocurrencies can be purchased on online exchange platforms using fiat money (euros, dollars, etc.) or other cryptocurrencies.

There are two types of exchange platforms:

• Centralized exchange: A centralized exchange is a platform managed by a central entity that acts as an intermediary to facilitate transactions. On these platforms, users deposit their funds into crypto accounts hosted by the exchange. Transactions are executed and recorded in a centralized database.

It is also necessary to verify your identity before purchasing.

• Decentralized Exchange: A decentralized exchange (DEX) operates without a central intermediary. It is based on smart contracts and uses blockchain technology to enable users to exchange assets directly with each other. Users retain control of their private keys and funds, enhancing security and confidentiality. DEX transactions are recorded on the blockchain, offering enhanced transparency.

There’s no need to check your identity before you buy.

To use a DEX, however, you need a hotwallet. Go to the security tab to find out how.

The main difference lies in the degree of centralization: centralized exchanges depend on a central authority, while decentralized exchanges are designed to operate autonomously, without a central point of control.

Before you can use a decentralized cryptocurrency platform, you need a software wallet (hot wallet). Unlike an account on a centralized platform, where wallet and security are generally handled by the platform itself.

A web wallet3 (hot wallet) means you’re on your own, and the risks of piracy are higher. So it’s imperative to be careful not to fall for scams on the web (on Twitter, web pages that look legitimate, etc.).

So make sure you take appropriate security measures to protect your funds and personal information when browsing decentralized applications.

Here’s a simple guide to making a cryptocurrency transfer:

Choosing the right portfolio or exchange

First of all, make sure you have a wallet that supports the cryptocurrency you want to send. This can be an online wallet (hot wallet) or an exchange platform. If you use an exchange, make sure it supports withdrawals to external wallets.

Get reception address

Once you’ve selected your wallet or the one you want to transfer to, obtain the recipient’s receiving address. This address is a series of numbers and letters unique to each wallet. Make sure you copy this address correctly to avoid any errors during the transfer.

Check address

As cryptocurrency transactions are irreversible, it’s crucial to double-check the receiving address. You can even make a small initial transfer to confirm that the address is correct before sending the full amount.

Selecting cryptocurrency and blockchain

Choose the cryptocurrency you wish to transfer and make sure you select the corresponding blockchain. For example, if you wish to transfer a cryptocurrency based on the Solana blockchain, select the Solana blockchain to make the transfer.

Finalize transfer

Once you’ve confirmed all the details, proceed with the transfer by entering the amount you wish to send and following the instructions in your wallet or exchange. Make sure you check the associated transaction fees and have the necessary funds to cover them.

Cryptocurrencies can be stored in software wallets (Rabbit, Metamask,…) and also on hardware wallets (Ledger, Trezor,…) to ensure their security online or offline.

See #SécuritéWeb3 for more information.

You can also leave them on a cryptocurrency platform like Binance, Coinbase, Crypto.com, SwissBorg,… to avoid handling your assets too much. Some people leave staggering amounts on platforms if you’re comfortable, that’s your worry! However, to mitigate this risk, you can transfer your assets to several platforms (binance, coinbase, kraken, etc.).

CAUTION: there is always a small percentage of risk of hacking the platform, but it will be better guarded than in your software portfolio (Rabbit, Metamask, etc.).

In absolute terms, we therefore recommend physical safes to store your cryptocurrencies, especially when you have more than 10,000 euros on a platform.

But here are the hardware portfolios we recommend:

• Ledger Nano S plus (Made in France – €70)
• Trezor (Made in USA – 60€)
• Satochip (Made in Belgium €25)
• Ngrave (Made in Belgium 300€)

These safes are a kind of USB stick that issue crypto IBANs where you can send your cryptocurrencies to your private addresses and protect yourself from hackers and scammers.

As a rule, cryptocurrency transactions are irreversible, underscoring the importance of verification before confirmation.

We therefore recommend checking the recipient’s address several times, or sending a small amount to be sure of the recipient. Addresses often look like this: 0x308B1583d8eE4FAF4907f9e347f66EFCFF7e2E7A (the equivalent of an IBAN but in crypto).

There are indeed risks involved in being your own bank! So it’s crucial to be vigilant and take all the necessary security measures to protect your funds when transacting in cryptocurrencies.

Explore the different ways to invest in cryptocurrencies long-term and trade short-term.

• Why is crypto falling, falling or rising?
• Crypto or Binance?
• How do you assess the value of a crypto-currency?
• Crypto, how to invest?
• Crypto, which one to buy?

Choose a reliable and secure exchange platform

Opt for a CEX (Central Exchange) renowned for its reliability and security (most of them invest in their own cybersecurity). Among the best-known are platforms such as :

• Binance.com
• Bybit.com
• Coinbase (in the United States)
• Bitstamp (in Luxembourg)
• Crypto.com (available only on mobile devices)
• Swissborg (also available on mobile devices only)

Check your identity (KYC)

Before you start trading, you’ll often need to verify your identity in accordance with the platform’s requirements. This process, known as KYC (Know Your Customer), is a security measure designed to prevent money laundering.

Deposit money

Deposit funds into your trading account by bank transfer, which is usually an inexpensive option, or by credit card, although this often incurs higher fees. Pex: Crypto.com and others often have an Estonian, Lithuanian IBAN account. (Binance is now connected with the belfius app)

Exchanging euros for cryptocurrencies and vice versa

Once your funds are on the platform, you can exchange them for available cryptocurrencies. Make sure you comply with your country’s tax laws, such as those in Belgium, and manage your investments responsibly.

Protect your crypto-assets

Normally, you can leave your assets with the platforms. Especially if they are large platforms that have invested in their cybersecurity. . Mais il existe tjs une possibilité de hack ou de société en faillite !

We therefore advise our readers to use a hardware wallet (called a cold wallet) such as Ledger to store your assets outside the exchange platform. This adds an extra layer of security in case of hacking or problems with the platform. This allows you to be your own bank, but it does include the risks of being your own bank!

It’s just a question of supply and demand, a fundamental law of the market. We invite you to read Pourleco ‘s article on this subject.

This effect can also be seen in other markets such as art, classic cars, sneakers and many others.

The more people are interested in a limited object or share, the higher its price. Conversely, if demand falls, the price of that asset tends to fall. This dynamic also applies to cryptocurrencies.

These are two different but related things:

• Crypto is short for cryptocurrency.
• Binance is a centralized crypto-currency platform / cryptocurrency exchange.

The value of a cryptocurrency can be assessed by taking into account various factors such as the underlying technology, thedevelopment team,market adoption and other elements.

It’s advisable to do your own research by reading the project’s whitepaper and studying its viability and coherence. You can also watch videos of influencers or content creators, but then you’ll sometimes get subjective information.

However, it’s important to note that sometimes investors take nothing into account and prefer to speculate on the price of a cryptocurrency, as is the case with “memes coins”. These cryptocurrencies often rely mainly on marketing and influencers, without any real solid foundation.

We do not advise you to invest in “memes coins” such as DOGE, SHIBA, FLOKI, PEPE, etc., but you do so at your own risk. It’s crucial to exercise caution and look for projects with solid foundations and long-term growth potential.

You can check out sites like coinmarketcap.com and coingecko.comto get an overview of the market. You can also take a look at the top 2 most popular cryptocurrencies: Bitcoin and Ethereum.

• There are literally thousands of other cryptocurrencies, each with its own advantages and disadvantages, as well as different technologies and use cases. It’s essential to understand that investments in this field can offer high returns but also carry considerable risks. Some can rise exponentially (x100) while others can crash outright (x0).

Consequently, investing in quality assets is crucial to minimizing potential losses.

Investors are often advised to“DYOR“(Do Your Own Research), which means conducting your own research before making investment decisions. Avoid blindly following the advice of influencers or popular recommendations, as every investor has his or her own objectives and tolerances. different risks. Take the time to understand the fundamentals of each cryptocurrency and carefully assess its growth prospects and potential risks before making an investment decision.

We’ve made a short video about it, but here are the resource links we recommend!

• Grand Angle Crypto
• Hasheur
• Mr TK
• JournalduCoin
• PaulCryptoformation
• Cryptoast
• EspritCryptique

“Crypto” is shorthand for cryptocurrency, a form of digital currency that relies on a technology called blockchain.

Imagine the blockchain as a public digital ledger where all transactions are recorded securely and chronologically. Miners are essentially computers or specific machines (called ASICs) that verify and validate these transactions by solving complex mathematical problems.

It’s as if the miners were accountants making sure that everything is in order. For a transaction to be approved, it must be approved by the majority of accountants (=miners), who then add a page to the account book (=blockchain), guaranteeing the security and reliability of the system.

What makes cryptocurrencies unique is that they are not controlled by a single entity such as a bank or government. Instead, they rely on principles of decentralization and cryptography to ensure the security and transparency of transactions. This also means they are more resistant to censorship and manipulation.

For example, Bitcoin is one of the most popular cryptocurrencies. It was created to operate without a central authority, meaning that no government or bank can control it. It’s like digital money that’s managed by a global network of participants, rather than a single institution.

Bitcoin was one of the first digital cryptocurrencies to be developed, and is based on blockchain technology. Unlike traditional currencies, Bitcoin is not controlled by a central authority such as a central bank or government.

When someone makes a Bitcoin transaction, it is verified and added to a group of transactions calleda “block“. Miners, network participants, solve complex mathematical problems to validate these transactions and add the block to the existing blockchain. This process is called“mining“, and it guarantees the system’s security and transparency.

If you’d like a real-time overview of the transaction and mining process, you can visit a website such as mempool.space/mempool-block/0. This will enable you to see how transactions are added to the blockchain over time.

Blockchain is a distributed ledger technology that records transactions transparently and immutably, ensuring security and decentralization.

It’s like a magic notebook shared by everyone. When someone does something important, like buying something using money, they write it in the notebook. The cool thing is that everyone can see what’s written, and once it’s there, it can’t be erased. So it’s super secure! And instead of just one person controlling the notebook, everyone shares it, which makes it very fair and special.

–> –> See question “How does bitcoin work?

A WhitePaper in crypto, often called a white paper in French, is a technical document describing in detail the project, technology, goals and vision of a new crypto-currency or blockchain project.

“It serves as fundamental documentation, providing investors and developers with an in-depth understanding of the project’s value proposition, its technical operation, and the key aspects that set it apart.” quotation

Whitepapers are usually published before the launch of a new crypto or ICO (Initial Coin Offering), enabling interested parties to assess the credibility and potential of the project.

Link to 3 whitepapers:

• Bitcoin
• ethereum
• Cardano

• It depends on what part of the world you’re in…

• In Japan, digital currency is already being used in high-tech stores such as Mediamarkt, Coolblue, etc…

• In El Salvador, bitcoin is already recognized as the national currency!

• In South America, for example in Argentina and Venezuela, inflation has become so high that citizens are using cryptocurrencies to pay merchants! This shows that when a country’s economy fails or can no longer play its role, alternative means must be found.

• In Europe, as in North America, cryptocurrencies are considered risky investments due to their volatility. However, it’s clear that these assets are beginning to appeal to the European and Belgian population (over 500,000 Belgians own at least one cryptocurrency and 6.5 million in France source ADAN ).

• In Asia, they are starting to become privileged assets, but in underdeveloped countries, the population on the poverty line still doesn’t have access to them.

• In Africa, a few countries such as Nigeria

Indeed, each exchange platform has its own distinct characteristics that may influence your choice. Here are a few additional points to consider:

1. User interface and ease of use :

Some platforms, such as Swissborg and Crypto.com, offer a user-friendly interface, particularly on mobile devices (GSM). This can be an advantage for those who prefer a fluid, intuitive user experience.

2. Exchange fee :

Exchange fees can vary from one platform to another. It’s essential to compare transaction fees to choose a platform that suits your budget and needs. (e.g. coinbase, crypto.com, swissborg, fees are expensive).

3. Platform speed :

Transaction processing speed may vary from platform to platform. Some offer fast order execution, while others may be slower due to network congestion or other factors.

4. Methods of depositing money :

Each platform offers different options for depositing money, such as bank transfers, credit cards and even other region-specific payment methods. Choose a platform that offers convenient and secure deposit methods for you.

5. Protection against hacking :

Despite the security measures put in place by platforms, it’s important to recognize that there is no such thing as zero risk. Make sure you choose a platform that takes security seriously and offers advanced protection features, such as two-factor authentication (2FA) and secure storage of funds.

6. Variety of cryptocurrencies available :

Some platforms offer a wider selection of cryptocurrencies than others. If you’re interested in specific digital assets, be sure to check whether the platform supports them before signing up.

By examining these different aspects, you’ll be able to choose the exchange platform that best suits your cryptocurrency trading needs and preferences. Bear in mind that thorough research and caution are always recommended when selecting an exchange platform.

Crypto” is shorthand for cryptocurrency, a form of digital currency that relies on a technology called blockchain. Think of the blockchain as a public digital ledger where all transactions are recorded securely and chronologically.

• What is Crypto?
• How does Bitcoin work?
• How does blockchain technology work?
• What is a whitepaper?
• Bitcoin as a national currency?
• What are the differences between cryptocurrency platforms?

“Crypto” is shorthand for cryptocurrency, a form of digital currency that relies on a technology called blockchain.

Imagine the blockchain as a public digital ledger where all transactions are recorded securely and chronologically. Miners are essentially computers or specific machines (called ASICs) that verify and validate these transactions by solving complex mathematical problems.

It’s as if the miners were accountants making sure that everything is in order. For a transaction to be approved, it must be approved by the majority of accountants (=miners), who then add a page to the account book (=blockchain), guaranteeing the security and reliability of the system.

What makes cryptocurrencies unique is that they are not controlled by a single entity such as a bank or government. Instead, they rely on principles of decentralization and cryptography to ensure the security and transparency of transactions. This also means they are more resistant to censorship and manipulation.

For example, Bitcoin is one of the most popular cryptocurrencies. It was created to operate without a central authority, meaning that no government or bank can control it. It’s like digital money that’s managed by a global network of participants, rather than a single institution.

Bitcoin was one of the first digital cryptocurrencies to be developed, and is based on blockchain technology. Unlike traditional currencies, Bitcoin is not controlled by a central authority such as a central bank or government.

When someone makes a Bitcoin transaction, it is verified and added to a group of transactions calleda “block“. Miners, network participants, solve complex mathematical problems to validate these transactions and add the block to the existing blockchain. This process is called“mining“, and it guarantees the system’s security and transparency.

If you’d like a real-time overview of the transaction and mining process, you can visit a website such as mempool.space/mempool-block/0. This will enable you to see how transactions are added to the blockchain over time.

Blockchain is a distributed ledger technology that records transactions transparently and immutably, ensuring security and decentralization.

It’s like a magic notebook shared by everyone. When someone does something important, like buying something using money, they write it in the notebook. The cool thing is that everyone can see what’s written, and once it’s there, it can’t be erased. So it’s super secure! And instead of just one person controlling the notebook, everyone shares it, which makes it very fair and special.

–> –> See question “How does bitcoin work?

A WhitePaper in crypto, often called a white paper in French, is a technical document describing in detail the project, technology, goals and vision of a new crypto-currency or blockchain project.

“It serves as fundamental documentation, providing investors and developers with an in-depth understanding of the project’s value proposition, its technical operation, and the key aspects that set it apart.” quotation

Whitepapers are usually published before the launch of a new crypto or ICO (Initial Coin Offering), enabling interested parties to assess the credibility and potential of the project.

Link to 3 whitepapers:

• Bitcoin
• ethereum
• Cardano

• It depends on what part of the world you’re in…

• In Japan, digital currency is already being used in high-tech stores such as Mediamarkt, Coolblue, etc…

• In El Salvador, bitcoin is already recognized as the national currency!

• In South America, for example in Argentina and Venezuela, inflation has become so high that citizens are using cryptocurrencies to pay merchants! This shows that when a country’s economy fails or can no longer play its role, alternative means must be found.

• In Europe, as in North America, cryptocurrencies are considered risky investments due to their volatility. However, it’s clear that these assets are beginning to appeal to the European and Belgian population (over 500,000 Belgians own at least one cryptocurrency and 6.5 million in France source ADAN ).

• In Asia, they are starting to become privileged assets, but in underdeveloped countries, the population on the poverty line still doesn’t have access to them.

• In Africa, a few countries such as Nigeria

Indeed, each exchange platform has its own distinct characteristics that may influence your choice. Here are a few additional points to consider:

1. User interface and ease of use :

Some platforms, such as Swissborg and Crypto.com, offer a user-friendly interface, particularly on mobile devices (GSM). This can be an advantage for those who prefer a fluid, intuitive user experience.

2. Exchange fee :

Exchange fees can vary from one platform to another. It’s essential to compare transaction fees to choose a platform that suits your budget and needs. (e.g. coinbase, crypto.com, swissborg, fees are expensive).

3. Platform speed :

Transaction processing speed may vary from platform to platform. Some offer fast order execution, while others may be slower due to network congestion or other factors.

4. Methods of depositing money :

Each platform offers different options for depositing money, such as bank transfers, credit cards and even other region-specific payment methods. Choose a platform that offers convenient and secure deposit methods for you.

5. Protection against hacking :

Despite the security measures put in place by platforms, it’s important to recognize that there is no such thing as zero risk. Make sure you choose a platform that takes security seriously and offers advanced protection features, such as two-factor authentication (2FA) and secure storage of funds.

6. Variety of cryptocurrencies available :

Some platforms offer a wider selection of cryptocurrencies than others. If you’re interested in specific digital assets, be sure to check whether the platform supports them before signing up.

By examining these different aspects, you’ll be able to choose the exchange platform that best suits your cryptocurrency trading needs and preferences. Bear in mind that thorough research and caution are always recommended when selecting an exchange platform.

Learn the first steps to getting started: how to get cryptocurrency and how to store it safely.

• How do you get started with crypto?
• How can I buy cryptos?
• How to use a decentralized exchange
• How to make a cryptocurrency transfer?
• How to store cryptos safely?
• Can a cryptocurrency transaction be cancelled?

1.invest a moderate amount on a regular basis

To avoid investing when the market is at its highest, and thus minimize risk, it is advisable to invest a non-consequential sum on a monthly basis. Services such as stackinsat.com in France offer simple savings plans based on Bitcoin.

2.create an account on a crypto exchange platform

Consult the section on platforms to choose from to select a reliable crypto exchange suited to your needs.

3.ask a friend for help

If you’re a novice, don ‘t hesitate to enlist the help of a friend who’s ready to guide you and explain the basics. Or don’t hesitate to call us on our support number.

4. follow training courses and tutorials

To deepen your knowledge, you can follow our free training courses and tutorials specially designed for Belgian citizens. If you need further assistance, please do not hesitate to contact our team directly.

5. take the time to get informed

Before you take the plunge, take the time to educate yourself by watching YouTube videos, reading the Bitcoin whitepaper, and starting to study the subject for yourself. The more you understand about how cryptocurrencies work, the more informed your decisions will be.

Cryptocurrencies can be purchased on online exchange platforms using fiat money (euros, dollars, etc.) or other cryptocurrencies.

There are two types of exchange platforms:

• Centralized exchange: A centralized exchange is a platform managed by a central entity that acts as an intermediary to facilitate transactions. On these platforms, users deposit their funds into crypto accounts hosted by the exchange. Transactions are executed and recorded in a centralized database.

It is also necessary to verify your identity before purchasing.

• Decentralized Exchange: A decentralized exchange (DEX) operates without a central intermediary. It is based on smart contracts and uses blockchain technology to enable users to exchange assets directly with each other. Users retain control of their private keys and funds, enhancing security and confidentiality. DEX transactions are recorded on the blockchain, offering enhanced transparency.

There’s no need to check your identity before you buy.

To use a DEX, however, you need a hotwallet. Go to the security tab to find out how.

The main difference lies in the degree of centralization: centralized exchanges depend on a central authority, while decentralized exchanges are designed to operate autonomously, without a central point of control.

Before you can use a decentralized cryptocurrency platform, you need a software wallet (hot wallet). Unlike an account on a centralized platform, where wallet and security are generally handled by the platform itself.

A web wallet3 (hot wallet) means you’re on your own, and the risks of piracy are higher. So it’s imperative to be careful not to fall for scams on the web (on Twitter, web pages that look legitimate, etc.).

So make sure you take appropriate security measures to protect your funds and personal information when browsing decentralized applications.

Here’s a simple guide to making a cryptocurrency transfer:

Choosing the right portfolio or exchange

First of all, make sure you have a wallet that supports the cryptocurrency you want to send. This can be an online wallet (hot wallet) or an exchange platform. If you use an exchange, make sure it supports withdrawals to external wallets.

Get reception address

Once you’ve selected your wallet or the one you want to transfer to, obtain the recipient’s receiving address. This address is a series of numbers and letters unique to each wallet. Make sure you copy this address correctly to avoid any errors during the transfer.

Check address

As cryptocurrency transactions are irreversible, it’s crucial to double-check the receiving address. You can even make a small initial transfer to confirm that the address is correct before sending the full amount.

Selecting cryptocurrency and blockchain

Choose the cryptocurrency you wish to transfer and make sure you select the corresponding blockchain. For example, if you wish to transfer a cryptocurrency based on the Solana blockchain, select the Solana blockchain to make the transfer.

Finalize transfer

Once you’ve confirmed all the details, proceed with the transfer by entering the amount you wish to send and following the instructions in your wallet or exchange. Make sure you check the associated transaction fees and have the necessary funds to cover them.

Cryptocurrencies can be stored in software wallets (Rabbit, Metamask,…) and also on hardware wallets (Ledger, Trezor,…) to ensure their security online or offline.

See #SécuritéWeb3 for more information.

You can also leave them on a cryptocurrency platform like Binance, Coinbase, Crypto.com, SwissBorg,… to avoid handling your assets too much. Some people leave staggering amounts on platforms if you’re comfortable, that’s your worry! However, to mitigate this risk, you can transfer your assets to several platforms (binance, coinbase, kraken, etc.).

CAUTION: there is always a small percentage of risk of hacking the platform, but it will be better guarded than in your software portfolio (Rabbit, Metamask, etc.).

In absolute terms, we therefore recommend physical safes to store your cryptocurrencies, especially when you have more than 10,000 euros on a platform.

But here are the hardware portfolios we recommend:

• Ledger Nano S plus (Made in France – €70)
• Trezor (Made in USA – 60€)
• Satochip (Made in Belgium €25)
• Ngrave (Made in Belgium 300€)

These safes are a kind of USB stick that issue crypto IBANs where you can send your cryptocurrencies to your private addresses and protect yourself from hackers and scammers.

As a rule, cryptocurrency transactions are irreversible, underscoring the importance of verification before confirmation.

We therefore recommend checking the recipient’s address several times, or sending a small amount to be sure of the recipient. Addresses often look like this: 0x308B1583d8eE4FAF4907f9e347f66EFCFF7e2E7A (the equivalent of an IBAN but in crypto).

There are indeed risks involved in being your own bank! So it’s crucial to be vigilant and take all the necessary security measures to protect your funds when transacting in cryptocurrencies.

Explore the different ways to invest in cryptocurrencies long-term and trade short-term.

• Why is crypto falling, falling or rising?
• Crypto or Binance?
• How do you assess the value of a crypto-currency?
• Crypto, how to invest?
• Crypto, which one to buy?

Choose a reliable and secure exchange platform

Opt for a CEX (Central Exchange) renowned for its reliability and security (most of them invest in their own cybersecurity). Among the best-known are platforms such as :

• Binance.com
• Bybit.com
• Coinbase (in the United States)
• Bitstamp (in Luxembourg)
• Crypto.com (available only on mobile devices)
• Swissborg (also available on mobile devices only)

Check your identity (KYC)

Before you start trading, you’ll often need to verify your identity in accordance with the platform’s requirements. This process, known as KYC (Know Your Customer), is a security measure designed to prevent money laundering.

Deposit money

Deposit funds into your trading account by bank transfer, which is usually an inexpensive option, or by credit card, although this often incurs higher fees. Pex: Crypto.com and others often have an Estonian, Lithuanian IBAN account. (Binance is now connected with the belfius app)

Exchanging euros for cryptocurrencies and vice versa

Once your funds are on the platform, you can exchange them for available cryptocurrencies. Make sure you comply with your country’s tax laws, such as those in Belgium, and manage your investments responsibly.

Protect your crypto-assets

Normally, you can leave your assets with the platforms. Especially if they are large platforms that have invested in their cybersecurity. . Mais il existe tjs une possibilité de hack ou de société en faillite !

We therefore advise our readers to use a hardware wallet (called a cold wallet) such as Ledger to store your assets outside the exchange platform. This adds an extra layer of security in case of hacking or problems with the platform. This allows you to be your own bank, but it does include the risks of being your own bank!

It’s just a question of supply and demand, a fundamental law of the market. We invite you to read Pourleco ‘s article on this subject.

This effect can also be seen in other markets such as art, classic cars, sneakers and many others.

The more people are interested in a limited object or share, the higher its price. Conversely, if demand falls, the price of that asset tends to fall. This dynamic also applies to cryptocurrencies.

These are two different but related things:

• Crypto is short for cryptocurrency.
• Binance is a centralized crypto-currency platform / cryptocurrency exchange.

The value of a cryptocurrency can be assessed by taking into account various factors such as the underlying technology, thedevelopment team,market adoption and other elements.

It’s advisable to do your own research by reading the project’s whitepaper and studying its viability and coherence. You can also watch videos of influencers or content creators, but then you’ll sometimes get subjective information.

However, it’s important to note that sometimes investors take nothing into account and prefer to speculate on the price of a cryptocurrency, as is the case with “memes coins”. These cryptocurrencies often rely mainly on marketing and influencers, without any real solid foundation.

We do not advise you to invest in “memes coins” such as DOGE, SHIBA, FLOKI, PEPE, etc., but you do so at your own risk. It’s crucial to exercise caution and look for projects with solid foundations and long-term growth potential.

You can check out sites like coinmarketcap.com and coingecko.comto get an overview of the market. You can also take a look at the top 2 most popular cryptocurrencies: Bitcoin and Ethereum.

• There are literally thousands of other cryptocurrencies, each with its own advantages and disadvantages, as well as different technologies and use cases. It’s essential to understand that investments in this field can offer high returns but also carry considerable risks. Some can rise exponentially (x100) while others can crash outright (x0).

Consequently, investing in quality assets is crucial to minimizing potential losses.

Investors are often advised to“DYOR“(Do Your Own Research), which means conducting your own research before making investment decisions. Avoid blindly following the advice of influencers or popular recommendations, as every investor has his or her own objectives and tolerances. different risks. Take the time to understand the fundamentals of each cryptocurrency and carefully assess its growth prospects and potential risks before making an investment decision.

We’ve made a short video about it, but here are the resource links we recommend!

• Grand Angle Crypto
• Hasheur
• Mr TK
• JournalduCoin
• PaulCryptoformation
• Cryptoast
• EspritCryptique

Discover the basics of NFTs (Non-Fungible Tokens), how they work and their usefulness in blockchain.

• What is an NFT?
• What types of assets can be represented by NFTs?
• Why are NFTs so expensive?
• Are NFTs subject to copyright?

An NFT, or non-fungible token, is a unique and indivisible entity on a blockchain, guaranteeing exclusive ownership of an asset, whether digital, artistic or physical. Each NFT is distinct and traceable on the blockchain, ensuring the authenticity and rarity of the asset it represents.

Operation and use :

An NFT acts as a digital title deed for a variety of assets, including:

• Illustrations
• Digital files
• Contracts
• Music
• Profile image
• Membership card
• Concert tickets
• Fractions of works of art
• Film parts

NFTs can be used in a wide variety of ways. The crucial aspect of NFTs is that they confer a unique property on a digital object that, in the past, was easily copied ad infinitum (for example, by copying and pasting a file). This means that each NFT is unique and authenticated on the blockchain, ensuring that its holder has exclusive ownership of the asset represented.

NFTs are revolutionizing the way we perceive and exchangetitle to digital assets, providing a secure, transparent and verifiable solution for the ownership and transaction of unique and indivisible assets on the blockchain.

NFTs can represent a wide range of assets, including digital artworks, tweets, videos, virtual properties, video game items, stocks, contracts, and more.

The diversity of tokenizable assets makes NFTs a? versatile way of representing digital property.

The value of NFTs depends on several key factors:

Rarity

The rarer an NFT is, the higher its value tends to be. Rarity can be determined by unique features associated with the NFT, such as limited editions or special attributes.

Request

Buyer demand for a particular NFT directly influences its value. NFTs associated with well-known artists or popular projects may attract greater interest and therefore have a higher value.

Artist’s reputation or project quality

The reputation of the artist behind the NFT or the quality of the project with which it is associated can also influence its value. NFTs created by established artists or as part of well-designed projects often have a higher value.

Some NFTs offer special benefits that can increase their value

• Exclusive rights: Some NFTs come with exclusive rights, such as access to special events, unique experiences, or even meetings with the artist.
• Financial benefits (similar to dividends): Some NFTs offer outright financial benefits, such as gifts, airdrops (free distribution of crypto-assets), NFT babies or even sporadic income (dividends).

When it comes to the perception of these artistic NFTs, there are different perspectives:

Some see NFTs as investments in digital works of art, viewing them as unique expressions of artistic creativity.

And others see it as a speculative market: Others see NFTs as a speculative market, where values fluctuate according to speculation and demand, without necessarily being linked to the intrinsic value of the art or project.

Ultimately, the value of NFTs is subjective and can vary according to individual perceptions, scarcity, demand and other influential factors.

Regarding NFT copyright:

Some NFTs are subject to copyright and intellectual property rights, while others are not. It is therefore essential to understand the legal implications before creating or purchasing NFTs.

Respect for copyright

For certain works, the creation and sale of digital assets in the form of NFTs must respect the copyright associated with the work, if the author or creators so decide.

For example, the creators of CryptoPunks (YugaLabs) have maintained full control over their creations and have even sued certain holders (holdleurs) for copyright infringement. This has led to tensions between the holders of these NFTs and the creators.

Intellectual property transferred

However, in some cases, the creators of NFT collections, such as the Bored Ape Yacht Club, have chosen totransfer the entire intellectual property to their owners. This means that if you own the NFT, you have the right to reuse the image of the work as you wish, without infringing copyright.

It is therefore crucial for creators and buyers of NFTs to understand the conditions and rights associated with each work or collection of NFTs before engaging in transactions. This helps avoid legal disputes and ensures that copyright and intellectual property rights are respected.

It is also an evolution in the way we perceive digital properties, which have yet to evolve in our legal tools, which are not yet up to date. And that will surely be legislated in the years to come.

Explore the different methods and strategies for investing in NFTs and profiting from this fast-growing market.

• How to create an NFT?
• NFT, where can I buy them?
• NFT, how to sell?
• NFT, how to invest?

To create an NFT, follow these steps:

Use NFT creation platforms

Sites like Mintable, Rarible, or even digital art platforms like SuperRare, offer tools for creating and selling NFTs. However, it’s important to note that SuperRare can be selective in its choice of accepted artists, favoring those who already have an established artistic reputation.

Guided process

All platforms will guide you through the process of creating your NFT, from selecting the work to tokenize to defining the sales parameters. Although it may seem complex at first, platforms usually provide clear instructions to make the process easier.

NFT publishing companies

There are also NFT publishing companies, such as Witloof.art in Liège and others listed in the company directory on our site. They offerNFT creation and editing servicesfor a fee. These companies can provide additional assistance and professional advice.

Creating NFTs can seem daunting at first, and there are plenty of resources and platforms available to help you navigate the process. Whether you choose to do it yourself on online platforms or use specialist publishing companies, theimportant thing is to understand the ins and outs of the process to create quality NFTs.

NFTs are available on several dedicated platforms such as :

• OpenSea
• Rarible
• Mintable
• MagicEden
• SuperRare
• JPG.store (only cardano)

It’s important to choose the platform that best suits your needs and personal preferences. Each platform can have its own features, advantages and disadvantages, so take the time to explore them to find the one that suits you best.

Keep in mind that the NFT market is considered a niche within a niche. This means it’s a relatively small market even within the cryptocurrency community. Here are a few points to bear in mind:

• Significant risks : Investing in NFTs involves significant risks. The value of NFTs can be volatile and fluctuate rapidly, leading to significant financial losses.
• Market complexity: Understanding all aspects of the NFT market can be very complicated. It’s essential to do thorough research and understand the ins and outs before committing to this field.

Potential for financial loss: Many people have lost money investing in NFTs, either due to market fluctuations, fraudulent practices or scams. So it’s crucial to be cautious and not invest more than you can afford to lose.

Use specialized platforms

Sites like OpenSea, Rarible, or Mintable are designed specifically to buy and sell NFTs. These platforms provide a marketplace where buyers and sellers meet. For this, you’ll need a compatible crypto-currency wallet to carry out transactions.

Trading directly with another person

You can also trade and sell your NFT directly to another person who is also interested in NFTs and has an account on a platform. However, it’s important to note that this method can be risky, as it can lead to scams. It is therefore advisable to exercise caution with this type of transaction.

Know your market before you start

Most web3 artists have made their name on the networks and already have a large crypto fanbase before entering this market! You can have a crypto fanbase and no physical collector fanbase, and vice-versa.

Calling on NFT resale and publishing specialists

If you own valuable NFTs, you can call on NFT resale specialists. These professionals are familiar with the NFT market and can help you find potential buyers for your NFTs. In general, if you’re in this situation, it’s because you already know your way around the NFT market.

Don’t forget to take into account transaction costs and security aspects when selling your NFTs.

There are several ways to invest in NFTs:

Search for promising projects and emerging artists

You can explore the world of NFT by looking for innovative projects or emerging artists whose work looks promising. NFT offers a unique platform for supporting and investing in up-and-coming talent. But it’s been gangrened by a lot of projects that promise a lot but aren’t worth much.

Acquire established NFTs in markets such as OpenSea

Established marketplaces like OpenSea offer a wide selection of NFTs, from digital artworks to virtual collectibles. By investing in established NFTs, you can participate in an active and diversified market.

Buying digital works on the primary market

This is often where the best plans are made! In web3, we call this the “Mint” moment , i.e. the creation of the NFT genesis, which can then be resold on the secondary market(Opensea, Magic eden, etc.).

It is important to note that the NFT market is extremely volatile and can be subject to significant fluctuations. We therefore recommend a cautious and informed approach when investing in NFTs. Here are a few points to bear in mind:

• Vigilance and research: It’s crucial to remain vigilant and do thorough research before investing in NFTs. Make sure you understand the project or artist behind the NFT, as well as market trends.
• Caution with volatility: The NFT market can be highly volatile, meaning that values can fluctuate rapidly and significantly. So it’s important not to invest more than you can afford to lose.
• Beware of risks: It’s important to remember that investing in NFTs involves risks, just like any other type of investment. There is no guarantee of returns, and it is possible to lose money.

NFTs offer exciting investment opportunities, so it’s essential to adopt a considered and informed approach, taking into account the risks associated with this fast-moving market.

It’s a niche market within the crypto niche that we don ‘t recommend to beginners! We can draw an analogy between the art market with traditional finance vs. NFT with decentralized finance.

Learn how to store and secure your NFTs effectively to prevent any risk of loss or theft.

• Where to store your NFTs?
• How do you protect your NFTs against theft?

Storing your NFT securely is essential. Here are a few options:

Blockchain-compatible software wallet (hotwallet)

You can use software wallets that are compatible with the blockchain on which your NFTs are based. For example, for Ethereum NFTs, options like MetaMask or Rabby (recommended) are available. For Solana, you could use Phantom, etc. Make sure you choose a wallet compatible with the blockchain your NFTs are based on.

Backup your private keys

When you create a new software portfolio, it’ s crucial to back up your private keys. These keys are essential for accessing and managing your NFTs. Keep them in a safe place and don’t share them with anyone. If you lose your private keys, you risk losing access to your cryptos & NFTs permanently.

Storage in a hardware wallet (coldwallet)

Another option is to store your NFTs in a hardware wallet, such as Ledger, Trezor, Satochip, Ngrave and so on. These devices offer additional security by isolating NFT private keys and protecting them from online threats such as hacking or malware.

To protect your NFTs against theft, we recommend storing them in hardware wallets (Ledger, Trezor, Ngrave, Satochip)!

Avoiding sharing sensitive account information and using robust security measures also helps to keep digital assets safe.

Find tools and references to deepen your understanding of NFTs and keep abreast of the latest trends and developments.

NFT market:

• Opensea
• tensor.trade
• blur
• magic eden
• rarible

Famous NFT Collection:

• Crypto punk
• Pudgy Penguins
• Bored Ape Yacht Club
• MadLads
• NodeMonkes

NFT gallery / Auction:

• SuperRare
• Foundation.app
• Exchange.Art

Media:

• Gary Vee
• Non fungible Tea (with Brian Bencafico)
• NFTnow

Event :

• NFT Factory Paris
• NFT Paris
• Non Fungible Conference
• NFT NYC

Forum Discord :

• TheDiggers.

Discover the basics of NFTs (Non-Fungible Tokens), how they work and their usefulness in blockchain.

• What is an NFT?
• What types of assets can be represented by NFTs?
• Why are NFTs so expensive?
• Are NFTs subject to copyright?

An NFT, or non-fungible token, is a unique and indivisible entity on a blockchain, guaranteeing exclusive ownership of an asset, whether digital, artistic or physical. Each NFT is distinct and traceable on the blockchain, ensuring the authenticity and rarity of the asset it represents.

Operation and use :

An NFT acts as a digital title deed for a variety of assets, including:

• Illustrations
• Digital files
• Contracts
• Music
• Profile image
• Membership card
• Concert tickets
• Fractions of works of art
• Film parts

NFTs can be used in a wide variety of ways. The crucial aspect of NFTs is that they confer a unique property on a digital object that, in the past, was easily copied ad infinitum (for example, by copying and pasting a file). This means that each NFT is unique and authenticated on the blockchain, ensuring that its holder has exclusive ownership of the asset represented.

NFTs are revolutionizing the way we perceive and exchangetitle to digital assets, providing a secure, transparent and verifiable solution for the ownership and transaction of unique and indivisible assets on the blockchain.

NFTs can represent a wide range of assets, including digital artworks, tweets, videos, virtual properties, video game items, stocks, contracts, and more.

The diversity of tokenizable assets makes NFTs a? versatile way of representing digital property.

The value of NFTs depends on several key factors:

Rarity

The rarer an NFT is, the higher its value tends to be. Rarity can be determined by unique features associated with the NFT, such as limited editions or special attributes.

Request

Buyer demand for a particular NFT directly influences its value. NFTs associated with well-known artists or popular projects may attract greater interest and therefore have a higher value.

Artist’s reputation or project quality

The reputation of the artist behind the NFT or the quality of the project with which it is associated can also influence its value. NFTs created by established artists or as part of well-designed projects often have a higher value.

Some NFTs offer special benefits that can increase their value

• Exclusive rights: Some NFTs come with exclusive rights, such as access to special events, unique experiences, or even meetings with the artist.
• Financial benefits (similar to dividends): Some NFTs offer outright financial benefits, such as gifts, airdrops (free distribution of crypto-assets), NFT babies or even sporadic income (dividends).

When it comes to the perception of these artistic NFTs, there are different perspectives:

Some see NFTs as investments in digital works of art, viewing them as unique expressions of artistic creativity.

And others see it as a speculative market: Others see NFTs as a speculative market, where values fluctuate according to speculation and demand, without necessarily being linked to the intrinsic value of the art or project.

Ultimately, the value of NFTs is subjective and can vary according to individual perceptions, scarcity, demand and other influential factors.

Regarding NFT copyright:

Some NFTs are subject to copyright and intellectual property rights, while others are not. It is therefore essential to understand the legal implications before creating or purchasing NFTs.

Respect for copyright

For certain works, the creation and sale of digital assets in the form of NFTs must respect the copyright associated with the work, if the author or creators so decide.

For example, the creators of CryptoPunks (YugaLabs) have maintained full control over their creations and have even sued certain holders (holdleurs) for copyright infringement. This has led to tensions between the holders of these NFTs and the creators.

Intellectual property transferred

However, in some cases, the creators of NFT collections, such as the Bored Ape Yacht Club, have chosen totransfer the entire intellectual property to their owners. This means that if you own the NFT, you have the right to reuse the image of the work as you wish, without infringing copyright.

It is therefore crucial for creators and buyers of NFTs to understand the conditions and rights associated with each work or collection of NFTs before engaging in transactions. This helps avoid legal disputes and ensures that copyright and intellectual property rights are respected.

It is also an evolution in the way we perceive digital properties, which have yet to evolve in our legal tools, which are not yet up to date. And that will surely be legislated in the years to come.

Explore the different methods and strategies for investing in NFTs and profiting from this fast-growing market.

• How to create an NFT?
• NFT, where can I buy them?
• NFT, how to sell?
• NFT, how to invest?

To create an NFT, follow these steps:

Use NFT creation platforms

Sites like Mintable, Rarible, or even digital art platforms like SuperRare, offer tools for creating and selling NFTs. However, it’s important to note that SuperRare can be selective in its choice of accepted artists, favoring those who already have an established artistic reputation.

Guided process

All platforms will guide you through the process of creating your NFT, from selecting the work to tokenize to defining the sales parameters. Although it may seem complex at first, platforms usually provide clear instructions to make the process easier.

NFT publishing companies

There are also NFT publishing companies, such as Witloof.art in Liège and others listed in the company directory on our site. They offerNFT creation and editing servicesfor a fee. These companies can provide additional assistance and professional advice.

Creating NFTs can seem daunting at first, and there are plenty of resources and platforms available to help you navigate the process. Whether you choose to do it yourself on online platforms or use specialist publishing companies, theimportant thing is to understand the ins and outs of the process to create quality NFTs.

NFTs are available on several dedicated platforms such as :

• OpenSea
• Rarible
• Mintable
• MagicEden
• SuperRare
• JPG.store (only cardano)

It’s important to choose the platform that best suits your needs and personal preferences. Each platform can have its own features, advantages and disadvantages, so take the time to explore them to find the one that suits you best.

Keep in mind that the NFT market is considered a niche within a niche. This means it’s a relatively small market even within the cryptocurrency community. Here are a few points to bear in mind:

• Significant risks : Investing in NFTs involves significant risks. The value of NFTs can be volatile and fluctuate rapidly, leading to significant financial losses.
• Market complexity: Understanding all aspects of the NFT market can be very complicated. It’s essential to do thorough research and understand the ins and outs before committing to this field.

Potential for financial loss: Many people have lost money investing in NFTs, either due to market fluctuations, fraudulent practices or scams. So it’s crucial to be cautious and not invest more than you can afford to lose.

Use specialized platforms

Sites like OpenSea, Rarible, or Mintable are designed specifically to buy and sell NFTs. These platforms provide a marketplace where buyers and sellers meet. For this, you’ll need a compatible crypto-currency wallet to carry out transactions.

Trading directly with another person

You can also trade and sell your NFT directly to another person who is also interested in NFTs and has an account on a platform. However, it’s important to note that this method can be risky, as it can lead to scams. It is therefore advisable to exercise caution with this type of transaction.

Know your market before you start

Most web3 artists have made their name on the networks and already have a large crypto fanbase before entering this market! You can have a crypto fanbase and no physical collector fanbase, and vice-versa.

Calling on NFT resale and publishing specialists

If you own valuable NFTs, you can call on NFT resale specialists. These professionals are familiar with the NFT market and can help you find potential buyers for your NFTs. In general, if you’re in this situation, it’s because you already know your way around the NFT market.

Don’t forget to take into account transaction costs and security aspects when selling your NFTs.

There are several ways to invest in NFTs:

Search for promising projects and emerging artists

You can explore the world of NFT by looking for innovative projects or emerging artists whose work looks promising. NFT offers a unique platform for supporting and investing in up-and-coming talent. But it’s been gangrened by a lot of projects that promise a lot but aren’t worth much.

Acquire established NFTs in markets such as OpenSea

Established marketplaces like OpenSea offer a wide selection of NFTs, from digital artworks to virtual collectibles. By investing in established NFTs, you can participate in an active and diversified market.

Buying digital works on the primary market

This is often where the best plans are made! In web3, we call this the “Mint” moment , i.e. the creation of the NFT genesis, which can then be resold on the secondary market(Opensea, Magic eden, etc.).

It is important to note that the NFT market is extremely volatile and can be subject to significant fluctuations. We therefore recommend a cautious and informed approach when investing in NFTs. Here are a few points to bear in mind:

• Vigilance and research: It’s crucial to remain vigilant and do thorough research before investing in NFTs. Make sure you understand the project or artist behind the NFT, as well as market trends.
• Caution with volatility: The NFT market can be highly volatile, meaning that values can fluctuate rapidly and significantly. So it’s important not to invest more than you can afford to lose.
• Beware of risks: It’s important to remember that investing in NFTs involves risks, just like any other type of investment. There is no guarantee of returns, and it is possible to lose money.

NFTs offer exciting investment opportunities, so it’s essential to adopt a considered and informed approach, taking into account the risks associated with this fast-moving market.

It’s a niche market within the crypto niche that we don ‘t recommend to beginners! We can draw an analogy between the art market with traditional finance vs. NFT with decentralized finance.

Learn how to store and secure your NFTs effectively to prevent any risk of loss or theft.

• Where to store your NFTs?
• How do you protect your NFTs against theft?

Storing your NFT securely is essential. Here are a few options:

Blockchain-compatible software wallet (hotwallet)

You can use software wallets that are compatible with the blockchain on which your NFTs are based. For example, for Ethereum NFTs, options like MetaMask or Rabby (recommended) are available. For Solana, you could use Phantom, etc. Make sure you choose a wallet compatible with the blockchain your NFTs are based on.

Backup your private keys

When you create a new software portfolio, it’ s crucial to back up your private keys. These keys are essential for accessing and managing your NFTs. Keep them in a safe place and don’t share them with anyone. If you lose your private keys, you risk losing access to your cryptos & NFTs permanently.

Storage in a hardware wallet (coldwallet)

Another option is to store your NFTs in a hardware wallet, such as Ledger, Trezor, Satochip, Ngrave and so on. These devices offer additional security by isolating NFT private keys and protecting them from online threats such as hacking or malware.

To protect your NFTs against theft, we recommend storing them in hardware wallets (Ledger, Trezor, Ngrave, Satochip)!

Avoiding sharing sensitive account information and using robust security measures also helps to keep digital assets safe.

Find tools and references to deepen your understanding of NFTs and keep abreast of the latest trends and developments.

NFT market:

• Opensea
• tensor.trade
• blur
• magic eden
• rarible

Famous NFT Collection:

• Crypto punk
• Pudgy Penguins
• Bored Ape Yacht Club
• MadLads
• NodeMonkes

NFT gallery / Auction:

• SuperRare
• Foundation.app
• Exchange.Art

Media:

• Gary Vee
• Non fungible Tea (with Brian Bencafico)
• NFTnow

Event :

• NFT Factory Paris
• NFT Paris
• Non Fungible Conference
• NFT NYC

Forum Discord :

• TheDiggers.

1.invest a moderate amount on a regular basis

To avoid investing when the market is at its highest, and thus minimize risk, it is advisable to invest a non-consequential sum on a monthly basis. Services such as stackinsat.com in France offer simple savings plans based on Bitcoin.

2.create an account on a crypto exchange platform

Consult the section on platforms to choose from to select a reliable crypto exchange suited to your needs.

3.ask a friend for help

If you’re a novice, don ‘t hesitate to enlist the help of a friend who’s ready to guide you and explain the basics. Or don’t hesitate to call us on our support number.

4. follow training courses and tutorials

To deepen your knowledge, you can follow our free training courses and tutorials specially designed for Belgian citizens. If you need further assistance, please do not hesitate to contact our team directly.

5. take the time to get informed

Before you take the plunge, take the time to educate yourself by watching YouTube videos, reading the Bitcoin whitepaper, and starting to study the subject for yourself. The more you understand about how cryptocurrencies work, the more informed your decisions will be.

Cryptocurrencies can be purchased on online exchange platforms using fiat money (euros, dollars, etc.) or other cryptocurrencies.

There are two types of exchange platforms:

• Centralized exchange: A centralized exchange is a platform managed by a central entity that acts as an intermediary to facilitate transactions. On these platforms, users deposit their funds into crypto accounts hosted by the exchange. Transactions are executed and recorded in a centralized database.

It is also necessary to verify your identity before purchasing.

• Decentralized Exchange: A decentralized exchange (DEX) operates without a central intermediary. It is based on smart contracts and uses blockchain technology to enable users to exchange assets directly with each other. Users retain control of their private keys and funds, enhancing security and confidentiality. DEX transactions are recorded on the blockchain, offering enhanced transparency.

There’s no need to check your identity before you buy.

To use a DEX, however, you need a hotwallet. Go to the security tab to find out how.

The main difference lies in the degree of centralization: centralized exchanges depend on a central authority, while decentralized exchanges are designed to operate autonomously, without a central point of control.

Before you can use a decentralized cryptocurrency platform, you need a software wallet (hot wallet). Unlike an account on a centralized platform, where wallet and security are generally handled by the platform itself.

A web wallet3 (hot wallet) means you’re on your own, and the risks of piracy are higher. So it’s imperative to be careful not to fall for scams on the web (on Twitter, web pages that look legitimate, etc.).

So make sure you take appropriate security measures to protect your funds and personal information when browsing decentralized applications.

Here’s a simple guide to making a cryptocurrency transfer:

Choosing the right portfolio or exchange

First of all, make sure you have a wallet that supports the cryptocurrency you want to send. This can be an online wallet (hot wallet) or an exchange platform. If you use an exchange, make sure it supports withdrawals to external wallets.

Get reception address

Once you’ve selected your wallet or the one you want to transfer to, obtain the recipient’s receiving address. This address is a series of numbers and letters unique to each wallet. Make sure you copy this address correctly to avoid any errors during the transfer.

Check address

As cryptocurrency transactions are irreversible, it’s crucial to double-check the receiving address. You can even make a small initial transfer to confirm that the address is correct before sending the full amount.

Selecting cryptocurrency and blockchain

Choose the cryptocurrency you wish to transfer and make sure you select the corresponding blockchain. For example, if you wish to transfer a cryptocurrency based on the Solana blockchain, select the Solana blockchain to make the transfer.

Finalize transfer

Once you’ve confirmed all the details, proceed with the transfer by entering the amount you wish to send and following the instructions in your wallet or exchange. Make sure you check the associated transaction fees and have the necessary funds to cover them.

Cryptocurrencies can be stored in software wallets (Rabbit, Metamask,…) and also on hardware wallets (Ledger, Trezor,…) to ensure their security online or offline.

See #SécuritéWeb3 for more information.

You can also leave them on a cryptocurrency platform like Binance, Coinbase, Crypto.com, SwissBorg,… to avoid handling your assets too much. Some people leave staggering amounts on platforms if you’re comfortable, that’s your worry! However, to mitigate this risk, you can transfer your assets to several platforms (binance, coinbase, kraken, etc.).

CAUTION: there is always a small percentage of risk of hacking the platform, but it will be better guarded than in your software portfolio (Rabbit, Metamask, etc.).

In absolute terms, we therefore recommend physical safes to store your cryptocurrencies, especially when you have more than 10,000 euros on a platform.

But here are the hardware portfolios we recommend:

• Ledger Nano S plus (Made in France – €70)
• Trezor (Made in USA – 60€)
• Satochip (Made in Belgium €25)
• Ngrave (Made in Belgium 300€)

These safes are a kind of USB stick that issue crypto IBANs where you can send your cryptocurrencies to your private addresses and protect yourself from hackers and scammers.

As a rule, cryptocurrency transactions are irreversible, underscoring the importance of verification before confirmation.

We therefore recommend checking the recipient’s address several times, or sending a small amount to be sure of the recipient. Addresses often look like this: 0x308B1583d8eE4FAF4907f9e347f66EFCFF7e2E7A (the equivalent of an IBAN but in crypto).

There are indeed risks involved in being your own bank! So it’s crucial to be vigilant and take all the necessary security measures to protect your funds when transacting in cryptocurrencies.

1.invest a moderate amount on a regular basis

To avoid investing when the market is at its highest, and thus minimize risk, it is advisable to invest a non-consequential sum on a monthly basis. Services such as stackinsat.com in France offer simple savings plans based on Bitcoin.

2.create an account on a crypto exchange platform

Consult the section on platforms to choose from to select a reliable crypto exchange suited to your needs.

3.ask a friend for help

If you’re a novice, don ‘t hesitate to enlist the help of a friend who’s ready to guide you and explain the basics. Or don’t hesitate to call us on our support number.

4. follow training courses and tutorials

To deepen your knowledge, you can follow our free training courses and tutorials specially designed for Belgian citizens. If you need further assistance, please do not hesitate to contact our team directly.

5. take the time to get informed

Before you take the plunge, take the time to educate yourself by watching YouTube videos, reading the Bitcoin whitepaper, and starting to study the subject for yourself. The more you understand about how cryptocurrencies work, the more informed your decisions will be.

Cryptocurrencies can be purchased on online exchange platforms using fiat money (euros, dollars, etc.) or other cryptocurrencies.

There are two types of exchange platforms:

• Centralized exchange: A centralized exchange is a platform managed by a central entity that acts as an intermediary to facilitate transactions. On these platforms, users deposit their funds into crypto accounts hosted by the exchange. Transactions are executed and recorded in a centralized database.

It is also necessary to verify your identity before purchasing.

• Decentralized Exchange: A decentralized exchange (DEX) operates without a central intermediary. It is based on smart contracts and uses blockchain technology to enable users to exchange assets directly with each other. Users retain control of their private keys and funds, enhancing security and confidentiality. DEX transactions are recorded on the blockchain, offering enhanced transparency.

There’s no need to check your identity before you buy.

To use a DEX, however, you need a hotwallet. Go to the security tab to find out how.

The main difference lies in the degree of centralization: centralized exchanges depend on a central authority, while decentralized exchanges are designed to operate autonomously, without a central point of control.

Before you can use a decentralized cryptocurrency platform, you need a software wallet (hot wallet). Unlike an account on a centralized platform, where wallet and security are generally handled by the platform itself.

A web wallet3 (hot wallet) means you’re on your own, and the risks of piracy are higher. So it’s imperative to be careful not to fall for scams on the web (on Twitter, web pages that look legitimate, etc.).

So make sure you take appropriate security measures to protect your funds and personal information when browsing decentralized applications.

Here’s a simple guide to making a cryptocurrency transfer:

Choosing the right portfolio or exchange

First of all, make sure you have a wallet that supports the cryptocurrency you want to send. This can be an online wallet (hot wallet) or an exchange platform. If you use an exchange, make sure it supports withdrawals to external wallets.

Get reception address

Once you’ve selected your wallet or the one you want to transfer to, obtain the recipient’s receiving address. This address is a series of numbers and letters unique to each wallet. Make sure you copy this address correctly to avoid any errors during the transfer.

Check address

As cryptocurrency transactions are irreversible, it’s crucial to double-check the receiving address. You can even make a small initial transfer to confirm that the address is correct before sending the full amount.

Selecting cryptocurrency and blockchain

Choose the cryptocurrency you wish to transfer and make sure you select the corresponding blockchain. For example, if you wish to transfer a cryptocurrency based on the Solana blockchain, select the Solana blockchain to make the transfer.

Finalize transfer

Once you’ve confirmed all the details, proceed with the transfer by entering the amount you wish to send and following the instructions in your wallet or exchange. Make sure you check the associated transaction fees and have the necessary funds to cover them.

Cryptocurrencies can be stored in software wallets (Rabbit, Metamask,…) and also on hardware wallets (Ledger, Trezor,…) to ensure their security online or offline.

See #SécuritéWeb3 for more information.

You can also leave them on a cryptocurrency platform like Binance, Coinbase, Crypto.com, SwissBorg,… to avoid handling your assets too much. Some people leave staggering amounts on platforms if you’re comfortable, that’s your worry! However, to mitigate this risk, you can transfer your assets to several platforms (binance, coinbase, kraken, etc.).

CAUTION: there is always a small percentage of risk of hacking the platform, but it will be better guarded than in your software portfolio (Rabbit, Metamask, etc.).

In absolute terms, we therefore recommend physical safes to store your cryptocurrencies, especially when you have more than 10,000 euros on a platform.

But here are the hardware portfolios we recommend:

• Ledger Nano S plus (Made in France – €70)
• Trezor (Made in USA – 60€)
• Satochip (Made in Belgium €25)
• Ngrave (Made in Belgium 300€)

These safes are a kind of USB stick that issue crypto IBANs where you can send your cryptocurrencies to your private addresses and protect yourself from hackers and scammers.

As a rule, cryptocurrency transactions are irreversible, underscoring the importance of verification before confirmation.

We therefore recommend checking the recipient’s address several times, or sending a small amount to be sure of the recipient. Addresses often look like this: 0x308B1583d8eE4FAF4907f9e347f66EFCFF7e2E7A (the equivalent of an IBAN but in crypto).

There are indeed risks involved in being your own bank! So it’s crucial to be vigilant and take all the necessary security measures to protect your funds when transacting in cryptocurrencies.

1.invest a moderate amount on a regular basis

To avoid investing when the market is at its highest, and thus minimize risk, it is advisable to invest a non-consequential sum on a monthly basis. Services such as stackinsat.com in France offer simple savings plans based on Bitcoin.

2.create an account on a crypto exchange platform

Consult the section on platforms to choose from to select a reliable crypto exchange suited to your needs.

3.ask a friend for help

If you’re a novice, don ‘t hesitate to enlist the help of a friend who’s ready to guide you and explain the basics. Or don’t hesitate to call us on our support number.

4. follow training courses and tutorials

To deepen your knowledge, you can follow our free training courses and tutorials specially designed for Belgian citizens. If you need further assistance, please do not hesitate to contact our team directly.

5. take the time to get informed

Before you take the plunge, take the time to educate yourself by watching YouTube videos, reading the Bitcoin whitepaper, and starting to study the subject for yourself. The more you understand about how cryptocurrencies work, the more informed your decisions will be.

Cryptocurrencies can be purchased on online exchange platforms using fiat money (euros, dollars, etc.) or other cryptocurrencies.

There are two types of exchange platforms:

• Centralized exchange: A centralized exchange is a platform managed by a central entity that acts as an intermediary to facilitate transactions. On these platforms, users deposit their funds into crypto accounts hosted by the exchange. Transactions are executed and recorded in a centralized database.

It is also necessary to verify your identity before purchasing.

• Decentralized Exchange: A decentralized exchange (DEX) operates without a central intermediary. It is based on smart contracts and uses blockchain technology to enable users to exchange assets directly with each other. Users retain control of their private keys and funds, enhancing security and confidentiality. DEX transactions are recorded on the blockchain, offering enhanced transparency.

There’s no need to check your identity before you buy.

To use a DEX, however, you need a hotwallet. Go to the security tab to find out how.

The main difference lies in the degree of centralization: centralized exchanges depend on a central authority, while decentralized exchanges are designed to operate autonomously, without a central point of control.

Before you can use a decentralized cryptocurrency platform, you need a software wallet (hot wallet). Unlike an account on a centralized platform, where wallet and security are generally handled by the platform itself.

A web wallet3 (hot wallet) means you’re on your own, and the risks of piracy are higher. So it’s imperative to be careful not to fall for scams on the web (on Twitter, web pages that look legitimate, etc.).

So make sure you take appropriate security measures to protect your funds and personal information when browsing decentralized applications.

Here’s a simple guide to making a cryptocurrency transfer:

Choosing the right portfolio or exchange

First of all, make sure you have a wallet that supports the cryptocurrency you want to send. This can be an online wallet (hot wallet) or an exchange platform. If you use an exchange, make sure it supports withdrawals to external wallets.

Get reception address

Once you’ve selected your wallet or the one you want to transfer to, obtain the recipient’s receiving address. This address is a series of numbers and letters unique to each wallet. Make sure you copy this address correctly to avoid any errors during the transfer.

Check address

As cryptocurrency transactions are irreversible, it’s crucial to double-check the receiving address. You can even make a small initial transfer to confirm that the address is correct before sending the full amount.

Selecting cryptocurrency and blockchain

Choose the cryptocurrency you wish to transfer and make sure you select the corresponding blockchain. For example, if you wish to transfer a cryptocurrency based on the Solana blockchain, select the Solana blockchain to make the transfer.

Finalize transfer

Once you’ve confirmed all the details, proceed with the transfer by entering the amount you wish to send and following the instructions in your wallet or exchange. Make sure you check the associated transaction fees and have the necessary funds to cover them.

Cryptocurrencies can be stored in software wallets (Rabbit, Metamask,…) and also on hardware wallets (Ledger, Trezor,…) to ensure their security online or offline.

See #SécuritéWeb3 for more information.

You can also leave them on a cryptocurrency platform like Binance, Coinbase, Crypto.com, SwissBorg,… to avoid handling your assets too much. Some people leave staggering amounts on platforms if you’re comfortable, that’s your worry! However, to mitigate this risk, you can transfer your assets to several platforms (binance, coinbase, kraken, etc.).

CAUTION: there is always a small percentage of risk of hacking the platform, but it will be better guarded than in your software portfolio (Rabbit, Metamask, etc.).

In absolute terms, we therefore recommend physical safes to store your cryptocurrencies, especially when you have more than 10,000 euros on a platform.

But here are the hardware portfolios we recommend:

• Ledger Nano S plus (Made in France – €70)
• Trezor (Made in USA – 60€)
• Satochip (Made in Belgium €25)
• Ngrave (Made in Belgium 300€)

These safes are a kind of USB stick that issue crypto IBANs where you can send your cryptocurrencies to your private addresses and protect yourself from hackers and scammers.

As a rule, cryptocurrency transactions are irreversible, underscoring the importance of verification before confirmation.

We therefore recommend checking the recipient’s address several times, or sending a small amount to be sure of the recipient. Addresses often look like this: 0x308B1583d8eE4FAF4907f9e347f66EFCFF7e2E7A (the equivalent of an IBAN but in crypto).

There are indeed risks involved in being your own bank! So it’s crucial to be vigilant and take all the necessary security measures to protect your funds when transacting in cryptocurrencies.

Discover the basics of NFTs (Non-Fungible Tokens), how they work and their usefulness in blockchain.

• What is an NFT?
• What types of assets can be represented by NFTs?
• Why are NFTs so expensive?
• Are NFTs subject to copyright?

An NFT, or non-fungible token, is a unique and indivisible entity on a blockchain, guaranteeing exclusive ownership of an asset, whether digital, artistic or physical. Each NFT is distinct and traceable on the blockchain, ensuring the authenticity and rarity of the asset it represents.

Operation and use :

An NFT acts as a digital title deed for a variety of assets, including:

• Illustrations
• Digital files
• Contracts
• Music
• Profile image
• Membership card
• Concert tickets
• Fractions of works of art
• Film parts

NFTs can be used in a wide variety of ways. The crucial aspect of NFTs is that they confer a unique property on a digital object that, in the past, was easily copied ad infinitum (for example, by copying and pasting a file). This means that each NFT is unique and authenticated on the blockchain, ensuring that its holder has exclusive ownership of the asset represented.

NFTs are revolutionizing the way we perceive and exchangetitle to digital assets, providing a secure, transparent and verifiable solution for the ownership and transaction of unique and indivisible assets on the blockchain.

NFTs can represent a wide range of assets, including digital artworks, tweets, videos, virtual properties, video game items, stocks, contracts, and more.

The diversity of tokenizable assets makes NFTs a? versatile way of representing digital property.

The value of NFTs depends on several key factors:

Rarity

The rarer an NFT is, the higher its value tends to be. Rarity can be determined by unique features associated with the NFT, such as limited editions or special attributes.

Request

Buyer demand for a particular NFT directly influences its value. NFTs associated with well-known artists or popular projects may attract greater interest and therefore have a higher value.

Artist’s reputation or project quality

The reputation of the artist behind the NFT or the quality of the project with which it is associated can also influence its value. NFTs created by established artists or as part of well-designed projects often have a higher value.

Some NFTs offer special benefits that can increase their value

• Exclusive rights: Some NFTs come with exclusive rights, such as access to special events, unique experiences, or even meetings with the artist.
• Financial benefits (similar to dividends): Some NFTs offer outright financial benefits, such as gifts, airdrops (free distribution of crypto-assets), NFT babies or even sporadic income (dividends).

When it comes to the perception of these artistic NFTs, there are different perspectives:

Some see NFTs as investments in digital works of art, viewing them as unique expressions of artistic creativity.

And others see it as a speculative market: Others see NFTs as a speculative market, where values fluctuate according to speculation and demand, without necessarily being linked to the intrinsic value of the art or project.

Ultimately, the value of NFTs is subjective and can vary according to individual perceptions, scarcity, demand and other influential factors.

Regarding NFT copyright:

Some NFTs are subject to copyright and intellectual property rights, while others are not. It is therefore essential to understand the legal implications before creating or purchasing NFTs.

Respect for copyright

For certain works, the creation and sale of digital assets in the form of NFTs must respect the copyright associated with the work, if the author or creators so decide.

For example, the creators of CryptoPunks (YugaLabs) have maintained full control over their creations and have even sued certain holders (holdleurs) for copyright infringement. This has led to tensions between the holders of these NFTs and the creators.

Intellectual property transferred

However, in some cases, the creators of NFT collections, such as the Bored Ape Yacht Club, have chosen totransfer the entire intellectual property to their owners. This means that if you own the NFT, you have the right to reuse the image of the work as you wish, without infringing copyright.

It is therefore crucial for creators and buyers of NFTs to understand the conditions and rights associated with each work or collection of NFTs before engaging in transactions. This helps avoid legal disputes and ensures that copyright and intellectual property rights are respected.

It is also an evolution in the way we perceive digital properties, which have yet to evolve in our legal tools, which are not yet up to date. And that will surely be legislated in the years to come.

Explore the different methods and strategies for investing in NFTs and profiting from this fast-growing market.

• How to create an NFT?
• NFT, where can I buy them?
• NFT, how to sell?
• NFT, how to invest?

To create an NFT, follow these steps:

Use NFT creation platforms

Sites like Mintable, Rarible, or even digital art platforms like SuperRare, offer tools for creating and selling NFTs. However, it’s important to note that SuperRare can be selective in its choice of accepted artists, favoring those who already have an established artistic reputation.

Guided process

All platforms will guide you through the process of creating your NFT, from selecting the work to tokenize to defining the sales parameters. Although it may seem complex at first, platforms usually provide clear instructions to make the process easier.

NFT publishing companies

There are also NFT publishing companies, such as Witloof.art in Liège and others listed in the company directory on our site. They offerNFT creation and editing servicesfor a fee. These companies can provide additional assistance and professional advice.

Creating NFTs can seem daunting at first, and there are plenty of resources and platforms available to help you navigate the process. Whether you choose to do it yourself on online platforms or use specialist publishing companies, theimportant thing is to understand the ins and outs of the process to create quality NFTs.

NFTs are available on several dedicated platforms such as :

• OpenSea
• Rarible
• Mintable
• MagicEden
• SuperRare
• JPG.store (only cardano)

It’s important to choose the platform that best suits your needs and personal preferences. Each platform can have its own features, advantages and disadvantages, so take the time to explore them to find the one that suits you best.

Keep in mind that the NFT market is considered a niche within a niche. This means it’s a relatively small market even within the cryptocurrency community. Here are a few points to bear in mind:

• Significant risks : Investing in NFTs involves significant risks. The value of NFTs can be volatile and fluctuate rapidly, leading to significant financial losses.
• Market complexity: Understanding all aspects of the NFT market can be very complicated. It’s essential to do thorough research and understand the ins and outs before committing to this field.

Potential for financial loss: Many people have lost money investing in NFTs, either due to market fluctuations, fraudulent practices or scams. So it’s crucial to be cautious and not invest more than you can afford to lose.

Use specialized platforms

Sites like OpenSea, Rarible, or Mintable are designed specifically to buy and sell NFTs. These platforms provide a marketplace where buyers and sellers meet. For this, you’ll need a compatible crypto-currency wallet to carry out transactions.

Trading directly with another person

You can also trade and sell your NFT directly to another person who is also interested in NFTs and has an account on a platform. However, it’s important to note that this method can be risky, as it can lead to scams. It is therefore advisable to exercise caution with this type of transaction.

Know your market before you start

Most web3 artists have made their name on the networks and already have a large crypto fanbase before entering this market! You can have a crypto fanbase and no physical collector fanbase, and vice-versa.

Calling on NFT resale and publishing specialists

If you own valuable NFTs, you can call on NFT resale specialists. These professionals are familiar with the NFT market and can help you find potential buyers for your NFTs. In general, if you’re in this situation, it’s because you already know your way around the NFT market.

Don’t forget to take into account transaction costs and security aspects when selling your NFTs.

There are several ways to invest in NFTs:

Search for promising projects and emerging artists

You can explore the world of NFT by looking for innovative projects or emerging artists whose work looks promising. NFT offers a unique platform for supporting and investing in up-and-coming talent. But it’s been gangrened by a lot of projects that promise a lot but aren’t worth much.

Acquire established NFTs in markets such as OpenSea

Established marketplaces like OpenSea offer a wide selection of NFTs, from digital artworks to virtual collectibles. By investing in established NFTs, you can participate in an active and diversified market.

Buying digital works on the primary market

This is often where the best plans are made! In web3, we call this the “Mint” moment , i.e. the creation of the NFT genesis, which can then be resold on the secondary market(Opensea, Magic eden, etc.).

It is important to note that the NFT market is extremely volatile and can be subject to significant fluctuations. We therefore recommend a cautious and informed approach when investing in NFTs. Here are a few points to bear in mind:

• Vigilance and research: It’s crucial to remain vigilant and do thorough research before investing in NFTs. Make sure you understand the project or artist behind the NFT, as well as market trends.
• Caution with volatility: The NFT market can be highly volatile, meaning that values can fluctuate rapidly and significantly. So it’s important not to invest more than you can afford to lose.
• Beware of risks: It’s important to remember that investing in NFTs involves risks, just like any other type of investment. There is no guarantee of returns, and it is possible to lose money.

NFTs offer exciting investment opportunities, so it’s essential to adopt a considered and informed approach, taking into account the risks associated with this fast-moving market.

It’s a niche market within the crypto niche that we don ‘t recommend to beginners! We can draw an analogy between the art market with traditional finance vs. NFT with decentralized finance.

Learn how to store and secure your NFTs effectively to prevent any risk of loss or theft.

• Where to store your NFTs?
• How do you protect your NFTs against theft?

Storing your NFT securely is essential. Here are a few options:

Blockchain-compatible software wallet (hotwallet)

You can use software wallets that are compatible with the blockchain on which your NFTs are based. For example, for Ethereum NFTs, options like MetaMask or Rabby (recommended) are available. For Solana, you could use Phantom, etc. Make sure you choose a wallet compatible with the blockchain your NFTs are based on.

Backup your private keys

When you create a new software portfolio, it’ s crucial to back up your private keys. These keys are essential for accessing and managing your NFTs. Keep them in a safe place and don’t share them with anyone. If you lose your private keys, you risk losing access to your cryptos & NFTs permanently.

Storage in a hardware wallet (coldwallet)

Another option is to store your NFTs in a hardware wallet, such as Ledger, Trezor, Satochip, Ngrave and so on. These devices offer additional security by isolating NFT private keys and protecting them from online threats such as hacking or malware.

To protect your NFTs against theft, we recommend storing them in hardware wallets (Ledger, Trezor, Ngrave, Satochip)!

Avoiding sharing sensitive account information and using robust security measures also helps to keep digital assets safe.

Find tools and references to deepen your understanding of NFTs and keep abreast of the latest trends and developments.

NFT market:

• Opensea
• tensor.trade
• blur
• magic eden
• rarible

Famous NFT Collection:

• Crypto punk
• Pudgy Penguins
• Bored Ape Yacht Club
• MadLads
• NodeMonkes

NFT gallery / Auction:

• SuperRare
• Foundation.app
• Exchange.Art

Media:

• Gary Vee
• Non fungible Tea (with Brian Bencafico)
• NFTnow

Event :

• NFT Factory Paris
• NFT Paris
• Non Fungible Conference
• NFT NYC

Forum Discord :

• TheDiggers.

To avoid crypto scams, it’s essential to conduct thorough research on projects before investing and rely on reliable sources of information, or you can give us a call!

When you interact with Web3 and dApps, you’re much more likely to get scammed. That’s why we’ve created a list of 10 common scams to help you recognize them.

The security of websites used for transactions must be checked, and it is imperative to keep private keys confidential. Careful verification of addresses when transferring funds, and caution against overly tempting offers, are also essential.

Confirming the authenticity of partnerships, exercising heightened vigilance on social networks, opting for reliable wallets, and staying educated about the ever-changing risks are crucial practices for safe navigation in the crypto ecosystem.

For the time being, we therefore advise you to leave your cryptos on a platform! In our opinion, you are less exposed to risk. Or you can simply put it in your cold wallet.

Scams are common:

• by email
• by drainer (fake page that steals all your cryptos)
• by social hacking (scammers posing as platforms), or people asking for your passphrases…
• By private message
• by sending a PDF

In short, we have to be careful on all fronts.

The best antidote is your intelligence!

Private Key

A private key is a randomly generated sequence of alphanumeric characters, constituting the essential element for accessing and controlling the funds in a cryptocurrency wallet. It must remain secret and confidential. The private key is used to sign transactions, unlock funds and prove ownership of a wallet address.

The seedphrase

A seedphrase, or recovery phrase, is a series of random words used as a backup to access your cryptocurrency wallet. This phrase is generally made up of 12 to 24 words in a specific order and is generated when a new wallet is created. The seedphrase is essential as it can be used to restore access to your wallet in the event of your device being lost or crashing. It is crucial to keep this phrase safe and never share it with anyone.

Public Key

A public key is derived from the private key using cryptographic algorithms. Unlike the private key, the public key is shared with other users. It serves as an address for receiving funds. Funds can be transferred to this address, but to spend them, the corresponding private key must be used to sign the transaction.

Hot Wallet(Software wallet)

A hot wallet is a software wallet that is always connected to the Internet, used to store cryptocurrencies conveniently, enabling fast transactions and easy access to funds.

However, hot wallets are more vulnerable to cyber-attacks because they are constantly connected to the Internet. Although they offer fast accessibility, their security depends on the security of the device on which they are installed.

Cold Wallet

A cold wallet is a hardware wallet designed to store cryptocurrencies securely, as it is not always connected to the Internet.

Cold wallets are generally hardware devices, such as physical wallets or USB sticks.

Thanks to their lack of Internet connection, cold wallets offer enhanced security against cyber threats. Private keys are stored offline, considerably reducing the risk of unauthorized access by hackers.

Learn how to install and configure a software wallet to store your cryptocurrencies securely on your device.

To avoid crypto scams, it’s essential to conduct thorough research on projects before investing and rely on reliable sources of information, or you can give us a call!

When you interact with Web3 and dApps, you’re much more likely to get scammed. That’s why we’ve created a list of 10 common scams to help you recognize them.

The security of websites used for transactions must be checked, and it is imperative to keep private keys confidential. Careful verification of addresses when transferring funds, and caution against overly tempting offers, are also essential.

Confirming the authenticity of partnerships, exercising heightened vigilance on social networks, opting for reliable wallets, and staying educated about the ever-changing risks are crucial practices for safe navigation in the crypto ecosystem.

For the time being, we therefore advise you to leave your cryptos on a platform! In our opinion, you are less exposed to risk. Or you can simply put it in your cold wallet.

Scams are common:

• by email
• by drainer (fake page that steals all your cryptos)
• by social hacking (scammers posing as platforms), or people asking for your passphrases…
• By private message
• by sending a PDF

In short, we have to be careful on all fronts.

The best antidote is your intelligence!

Private Key

A private key is a randomly generated sequence of alphanumeric characters, constituting the essential element for accessing and controlling the funds in a cryptocurrency wallet. It must remain secret and confidential. The private key is used to sign transactions, unlock funds and prove ownership of a wallet address.

The seedphrase

A seedphrase, or recovery phrase, is a series of random words used as a backup to access your cryptocurrency wallet. This phrase is generally made up of 12 to 24 words in a specific order and is generated when a new wallet is created. The seedphrase is essential as it can be used to restore access to your wallet in the event of your device being lost or crashing. It is crucial to keep this phrase safe and never share it with anyone.

Public Key

A public key is derived from the private key using cryptographic algorithms. Unlike the private key, the public key is shared with other users. It serves as an address for receiving funds. Funds can be transferred to this address, but to spend them, the corresponding private key must be used to sign the transaction.

Hot Wallet(Software wallet)

A hot wallet is a software wallet that is always connected to the Internet, used to store cryptocurrencies conveniently, enabling fast transactions and easy access to funds.

However, hot wallets are more vulnerable to cyber-attacks because they are constantly connected to the Internet. Although they offer fast accessibility, their security depends on the security of the device on which they are installed.

Cold Wallet

A cold wallet is a hardware wallet designed to store cryptocurrencies securely, as it is not always connected to the Internet.

Cold wallets are generally hardware devices, such as physical wallets or USB sticks.

Thanks to their lack of Internet connection, cold wallets offer enhanced security against cyber threats. Private keys are stored offline, considerably reducing the risk of unauthorized access by hackers.

Learn how to install and configure a software wallet to store your cryptocurrencies securely on your device.

Choose a reliable and secure exchange platform

Opt for a CEX (Central Exchange) renowned for its reliability and security (most of them invest in their own cybersecurity). Among the best-known are platforms such as :

• Binance.com
• Bybit.com
• Coinbase (in the United States)
• Bitstamp (in Luxembourg)
• Crypto.com (available only on mobile devices)
• Swissborg (also available on mobile devices only)

Check your identity (KYC)

Before you start trading, you’ll often need to verify your identity in accordance with the platform’s requirements. This process, known as KYC (Know Your Customer), is a security measure designed to prevent money laundering.

Deposit money

Deposit funds into your trading account by bank transfer, which is usually an inexpensive option, or by credit card, although this often incurs higher fees. Pex: Crypto.com and others often have an Estonian, Lithuanian IBAN account. (Binance is now connected with the belfius app)

Exchanging euros for cryptocurrencies and vice versa

Once your funds are on the platform, you can exchange them for available cryptocurrencies. Make sure you comply with your country’s tax laws, such as those in Belgium, and manage your investments responsibly.

Protect your crypto-assets

Normally, you can leave your assets with the platforms. Especially if they are large platforms that have invested in their cybersecurity. . Mais il existe tjs une possibilité de hack ou de société en faillite !

We therefore advise our readers to use a hardware wallet (called a cold wallet) such as Ledger to store your assets outside the exchange platform. This adds an extra layer of security in case of hacking or problems with the platform. This allows you to be your own bank, but it does include the risks of being your own bank!

It’s just a question of supply and demand, a fundamental law of the market. We invite you to read Pourleco ‘s article on this subject.

This effect can also be seen in other markets such as art, classic cars, sneakers and many others.

The more people are interested in a limited object or share, the higher its price. Conversely, if demand falls, the price of that asset tends to fall. This dynamic also applies to cryptocurrencies.

These are two different but related things:

• Crypto is short for cryptocurrency.
• Binance is a centralized crypto-currency platform / cryptocurrency exchange.

The value of a cryptocurrency can be assessed by taking into account various factors such as the underlying technology, thedevelopment team,market adoption and other elements.

It’s advisable to do your own research by reading the project’s whitepaper and studying its viability and coherence. You can also watch videos of influencers or content creators, but then you’ll sometimes get subjective information.

However, it’s important to note that sometimes investors take nothing into account and prefer to speculate on the price of a cryptocurrency, as is the case with “memes coins”. These cryptocurrencies often rely mainly on marketing and influencers, without any real solid foundation.

We do not advise you to invest in “memes coins” such as DOGE, SHIBA, FLOKI, PEPE, etc., but you do so at your own risk. It’s crucial to exercise caution and look for projects with solid foundations and long-term growth potential.

You can check out sites like coinmarketcap.com and coingecko.comto get an overview of the market. You can also take a look at the top 2 most popular cryptocurrencies: Bitcoin and Ethereum.

• There are literally thousands of other cryptocurrencies, each with its own advantages and disadvantages, as well as different technologies and use cases. It’s essential to understand that investments in this field can offer high returns but also carry considerable risks. Some can rise exponentially (x100) while others can crash outright (x0).

Consequently, investing in quality assets is crucial to minimizing potential losses.

Investors are often advised to“DYOR“(Do Your Own Research), which means conducting your own research before making investment decisions. Avoid blindly following the advice of influencers or popular recommendations, as every investor has his or her own objectives and tolerances. different risks. Take the time to understand the fundamentals of each cryptocurrency and carefully assess its growth prospects and potential risks before making an investment decision.

Choose a reliable and secure exchange platform

Opt for a CEX (Central Exchange) renowned for its reliability and security (most of them invest in their own cybersecurity). Among the best-known are platforms such as :

• Binance.com
• Bybit.com
• Coinbase (in the United States)
• Bitstamp (in Luxembourg)
• Crypto.com (available only on mobile devices)
• Swissborg (also available on mobile devices only)

Check your identity (KYC)

Before you start trading, you’ll often need to verify your identity in accordance with the platform’s requirements. This process, known as KYC (Know Your Customer), is a security measure designed to prevent money laundering.

Deposit money

Deposit funds into your trading account by bank transfer, which is usually an inexpensive option, or by credit card, although this often incurs higher fees. Pex: Crypto.com and others often have an Estonian, Lithuanian IBAN account. (Binance is now connected with the belfius app)

Exchanging euros for cryptocurrencies and vice versa

Once your funds are on the platform, you can exchange them for available cryptocurrencies. Make sure you comply with your country’s tax laws, such as those in Belgium, and manage your investments responsibly.

Protect your crypto-assets

Normally, you can leave your assets with the platforms. Especially if they are large platforms that have invested in their cybersecurity. . Mais il existe tjs une possibilité de hack ou de société en faillite !

We therefore advise our readers to use a hardware wallet (called a cold wallet) such as Ledger to store your assets outside the exchange platform. This adds an extra layer of security in case of hacking or problems with the platform. This allows you to be your own bank, but it does include the risks of being your own bank!

It’s just a question of supply and demand, a fundamental law of the market. We invite you to read Pourleco ‘s article on this subject.

This effect can also be seen in other markets such as art, classic cars, sneakers and many others.

The more people are interested in a limited object or share, the higher its price. Conversely, if demand falls, the price of that asset tends to fall. This dynamic also applies to cryptocurrencies.

These are two different but related things:

• Crypto is short for cryptocurrency.
• Binance is a centralized crypto-currency platform / cryptocurrency exchange.

The value of a cryptocurrency can be assessed by taking into account various factors such as the underlying technology, thedevelopment team,market adoption and other elements.

It’s advisable to do your own research by reading the project’s whitepaper and studying its viability and coherence. You can also watch videos of influencers or content creators, but then you’ll sometimes get subjective information.

However, it’s important to note that sometimes investors take nothing into account and prefer to speculate on the price of a cryptocurrency, as is the case with “memes coins”. These cryptocurrencies often rely mainly on marketing and influencers, without any real solid foundation.

We do not advise you to invest in “memes coins” such as DOGE, SHIBA, FLOKI, PEPE, etc., but you do so at your own risk. It’s crucial to exercise caution and look for projects with solid foundations and long-term growth potential.

You can check out sites like coinmarketcap.com and coingecko.comto get an overview of the market. You can also take a look at the top 2 most popular cryptocurrencies: Bitcoin and Ethereum.

• There are literally thousands of other cryptocurrencies, each with its own advantages and disadvantages, as well as different technologies and use cases. It’s essential to understand that investments in this field can offer high returns but also carry considerable risks. Some can rise exponentially (x100) while others can crash outright (x0).

Consequently, investing in quality assets is crucial to minimizing potential losses.

Investors are often advised to“DYOR“(Do Your Own Research), which means conducting your own research before making investment decisions. Avoid blindly following the advice of influencers or popular recommendations, as every investor has his or her own objectives and tolerances. different risks. Take the time to understand the fundamentals of each cryptocurrency and carefully assess its growth prospects and potential risks before making an investment decision.

Choose a reliable and secure exchange platform

Opt for a CEX (Central Exchange) renowned for its reliability and security (most of them invest in their own cybersecurity). Among the best-known are platforms such as :

• Binance.com
• Bybit.com
• Coinbase (in the United States)
• Bitstamp (in Luxembourg)
• Crypto.com (available only on mobile devices)
• Swissborg (also available on mobile devices only)

Check your identity (KYC)

Before you start trading, you’ll often need to verify your identity in accordance with the platform’s requirements. This process, known as KYC (Know Your Customer), is a security measure designed to prevent money laundering.

Deposit money

Deposit funds into your trading account by bank transfer, which is usually an inexpensive option, or by credit card, although this often incurs higher fees. Pex: Crypto.com and others often have an Estonian, Lithuanian IBAN account. (Binance is now connected with the belfius app)

Exchanging euros for cryptocurrencies and vice versa

Once your funds are on the platform, you can exchange them for available cryptocurrencies. Make sure you comply with your country’s tax laws, such as those in Belgium, and manage your investments responsibly.

Protect your crypto-assets

Normally, you can leave your assets with the platforms. Especially if they are large platforms that have invested in their cybersecurity. . Mais il existe tjs une possibilité de hack ou de société en faillite !

We therefore advise our readers to use a hardware wallet (called a cold wallet) such as Ledger to store your assets outside the exchange platform. This adds an extra layer of security in case of hacking or problems with the platform. This allows you to be your own bank, but it does include the risks of being your own bank!

It’s just a question of supply and demand, a fundamental law of the market. We invite you to read Pourleco ‘s article on this subject.

This effect can also be seen in other markets such as art, classic cars, sneakers and many others.

The more people are interested in a limited object or share, the higher its price. Conversely, if demand falls, the price of that asset tends to fall. This dynamic also applies to cryptocurrencies.

These are two different but related things:

• Crypto is short for cryptocurrency.
• Binance is a centralized crypto-currency platform / cryptocurrency exchange.

The value of a cryptocurrency can be assessed by taking into account various factors such as the underlying technology, thedevelopment team,market adoption and other elements.

It’s advisable to do your own research by reading the project’s whitepaper and studying its viability and coherence. You can also watch videos of influencers or content creators, but then you’ll sometimes get subjective information.

However, it’s important to note that sometimes investors take nothing into account and prefer to speculate on the price of a cryptocurrency, as is the case with “memes coins”. These cryptocurrencies often rely mainly on marketing and influencers, without any real solid foundation.

We do not advise you to invest in “memes coins” such as DOGE, SHIBA, FLOKI, PEPE, etc., but you do so at your own risk. It’s crucial to exercise caution and look for projects with solid foundations and long-term growth potential.

You can check out sites like coinmarketcap.com and coingecko.comto get an overview of the market. You can also take a look at the top 2 most popular cryptocurrencies: Bitcoin and Ethereum.

• There are literally thousands of other cryptocurrencies, each with its own advantages and disadvantages, as well as different technologies and use cases. It’s essential to understand that investments in this field can offer high returns but also carry considerable risks. Some can rise exponentially (x100) while others can crash outright (x0).

Consequently, investing in quality assets is crucial to minimizing potential losses.

Investors are often advised to“DYOR“(Do Your Own Research), which means conducting your own research before making investment decisions. Avoid blindly following the advice of influencers or popular recommendations, as every investor has his or her own objectives and tolerances. different risks. Take the time to understand the fundamentals of each cryptocurrency and carefully assess its growth prospects and potential risks before making an investment decision.

To avoid crypto scams, it’s essential to conduct thorough research on projects before investing and rely on reliable sources of information, or you can give us a call!

When you interact with Web3 and dApps, you’re much more likely to get scammed. That’s why we’ve created a list of 10 common scams to help you recognize them.

The security of websites used for transactions must be checked, and it is imperative to keep private keys confidential. Careful verification of addresses when transferring funds, and caution against overly tempting offers, are also essential.

Confirming the authenticity of partnerships, exercising heightened vigilance on social networks, opting for reliable wallets, and staying educated about the ever-changing risks are crucial practices for safe navigation in the crypto ecosystem.

For the time being, we therefore advise you to leave your cryptos on a platform! In our opinion, you are less exposed to risk. Or you can simply put it in your cold wallet.

Scams are common:

• by email
• by drainer (fake page that steals all your cryptos)
• by social hacking (scammers posing as platforms), or people asking for your passphrases…
• By private message
• by sending a PDF

In short, we have to be careful on all fronts.

The best antidote is your intelligence!

Private Key

A private key is a randomly generated sequence of alphanumeric characters, constituting the essential element for accessing and controlling the funds in a cryptocurrency wallet. It must remain secret and confidential. The private key is used to sign transactions, unlock funds and prove ownership of a wallet address.

The seedphrase

A seedphrase, or recovery phrase, is a series of random words used as a backup to access your cryptocurrency wallet. This phrase is generally made up of 12 to 24 words in a specific order and is generated when a new wallet is created. The seedphrase is essential as it can be used to restore access to your wallet in the event of your device being lost or crashing. It is crucial to keep this phrase safe and never share it with anyone.

Public Key

A public key is derived from the private key using cryptographic algorithms. Unlike the private key, the public key is shared with other users. It serves as an address for receiving funds. Funds can be transferred to this address, but to spend them, the corresponding private key must be used to sign the transaction.

Hot Wallet(Software wallet)

A hot wallet is a software wallet that is always connected to the Internet, used to store cryptocurrencies conveniently, enabling fast transactions and easy access to funds.

However, hot wallets are more vulnerable to cyber-attacks because they are constantly connected to the Internet. Although they offer fast accessibility, their security depends on the security of the device on which they are installed.

Cold Wallet

A cold wallet is a hardware wallet designed to store cryptocurrencies securely, as it is not always connected to the Internet.

Cold wallets are generally hardware devices, such as physical wallets or USB sticks.

Thanks to their lack of Internet connection, cold wallets offer enhanced security against cyber threats. Private keys are stored offline, considerably reducing the risk of unauthorized access by hackers.

Learn how to install and configure a software wallet to store your cryptocurrencies securely on your device.

No common ground has been found on this issue between tax lawyers and a crypto accounting company…

See our answer here

This could be when converting to fiat currencies or also when converting to stablecoins, for example.

How do you define your investor profile?

Defining the profile of crypto-currency investors is complex. The presentation highlighted the fact that not all cryptocurrency investments are speculative.

Standards relating to the number of transactions versus intentions must be taken into account when defining the investor’s profile.

However, the investor categories remain the same as for traditional investments, but the way we define and standardize them in the decentralized world could be different and should be defended by the investor’s intention.

The main reasoning concluded that individuals holding cryptocurrencies on centralized exchanges registered abroad are not required to declare these accounts to the Belgian National Bank.

However, it remains essential for individuals to meticulously track their transactions in order to justify their intentions when converting cryptocurrencies into fiat currencies.

Germany

Germany has adopted a relatively favorable approach to crypto-currencies. In 2020, the German government passed a law allowing German banks to store and trade cryptocurrencies, recognizing the legal status of crypto-assets. Cryptocurrencies are considered financial instruments and are regulated by the country’s financial supervisory authorities.

Tax level: In Germany, capital gains realized with cryptocurrencies are generally taxed after a holding period of at least one year, allowing for a partial tax exemption. Gains realized before this period may be subject to income tax.

France

France has also taken steps to regulate the cryptocurrency sector. In 2019, an ordinance was passed in France to create a legal framework for ICOs (Initial Coin Offerings) and digital tokens. Providers of cryptocurrency-related services, such as exchange platforms, are subject to strict regulation and must obtain a license from the Autorité des marchés financiers (AMF).

Tax level: In France, capital gains linked to cryptocurrencies are taxed as income tax. Taxation depends on how long the assets are held, with a distinction between short-term and long-term gains. Losses can also be deducted from gains.

Luxembourg

Luxembourg has taken a pragmatic approach to cryptocurrencies and blockchain technology. The country has sought to become a financial hub for blockchain and cryptocurrency-related businesses. It offers a favorable regulatory environment for companies working in financial technology, while ensuring investor security.

Tax level: In Luxembourg, taxation of cryptocurrencies is generally aligned with the tax principles applicable to other types of financial assets. Capital gains may be taxed depending on the holding period and the tax status of the individual or company.

Japan

Japan was one of the first countries to formally regulate cryptocurrencies. In 2017, the Japanese government officially recognized Bitcoin as a legal payment method. Cryptocurrency exchanges in Japan are subject to oversight by the Financial Services Authority (FSA). The regulations aim to promote the responsible development of blockchain technologies while ensuring consumer protection.

Tax level: In Japan, capital gains from cryptocurrency transactions may be subject to income tax. Japan has a specific tax regime for cryptocurrencies, with varying tax rates depending on the amount of gains.

Salvador

El Salvador became the first country to adopt Bitcoin as legal tender in September 2021. The Salvadoran government implemented the Bitcoin Law, allowing citizens to pay their taxes in Bitcoin and obliging merchants to accept the cryptocurrency as a means of payment. However, this decision has been subject to controversy and mixed reactions nationally and internationally.

Tax level: In El Salvador, following the adoption of Bitcoin as a legal currency, capital gains on Bitcoin transactions are not subject to income tax, in accordance with the country’s Bitcoin law.

United States

The United States has a complex approach to cryptocurrency regulation. Regulations vary at federal and state level. The Securities and Exchange Commission (SEC) regulates token offerings and securities-related activities, while the Financial Crimes Enforcement Network (FinCEN) oversees aspects related to money laundering and KYC (Know Your Customer) compliance. The regulatory framework in the United States is constantly evolving, and there are ongoing discussions to clarify and strengthen regulations in this area.

Tax level: In the United States, capital gains related to cryptocurrencies are generally taxed. Tax regulations vary depending on the nature of the transactions, whether they are cryptocurrency sales, exchanges or mining. Tax regulations in the US can be complex, and it is recommended to consult a tax professional for specific advice.

Sources :

• https://journalducoin.com/actualites/fiscalite-crypto-internationale-ocde-rallie-48-pays-derriere-projet/
• https://hellosafe.be/investissement/crypto-monnaie/carte-europe-fiscalite-crypto
• https://cryptoast.fr/fiscalite-des-crypto-actifs-dans-les-pays-etrangers/

In Belgium, individuals considered to be prudent investors (“Bon père de famille”) (whether people investing little or those making a limited number of transactions) will benefit from a tax exemption on capital gains linked to cryptocurrencies.

In other words, if you made a profit during the year, you won’t be subject to tax, and you won’t have to declare your transactions.

Here are a few more key points:

Capital gains tax

Capital gains from the sale of cryptocurrencies in Belgium are generally not taxable in the same way as stock market shares. The length of time cryptocurrencies are held affects the tax rate. Short-term capital gains are more likely to be taxed at a higher rate than long-term gains.

Example: You bought a bitcoin in 2013, held it until 2024 and then sold it at that time. You won’t have to pay taxes on it! Be sure to keep track of your purchases and sales from your cryptocurrency exchange platforms. This can be used as evidence in the event of a tax audit. The same goes for your shares on the stock market. It’s all about your inflows and outflows. In Belgium, the bon père de famille (the stock trader or the person who doesn’t do much trading) will be exempt from cryptocurrency tax! Well, only on capital gains. In concrete terms, if you’ve made capital gains during the year, you won’t have to pay any tax, but what’s more, you don’t have to declare your transactions. That’s why other countries consider Belgium to be a tax haven!

Income tax

If cryptocurrencies are used for professional or commercial purposes, the gains may be considered taxable income.

Cryptocurrency mining

Income from cryptocurrency mining may be taxable as professional income, depending on the nature and scale of the mining activity.

It is better to go and see a specialized tax specialist, please consult :

• avroy.tech (all about taxes)
• tuerlinckx.eu (all about taxes)
• crypto-compliance.eu (repatriation of money to traditional banks)

Staking cryptocurrencies

Income from staking is treated more or less like dividends, and is therefore taxable.

Cryptocurrency Airdrop

Airdrops are taxable if there is any consideration from the beneficiary. In this case, a series of prior actions or steps taken by the beneficiary are obviously taxable, but if not, the beneficiary is not taxable. A grey area

Buying products with cryptos

In Belgium, cryptocurrency-related transactions, such as purchases of goods or services using cryptocurrencies, may be subject to VAT. However, there are specific rules, and VAT does not necessarily apply to all transactions.

It’s important to note that the Belgian tax authorities have published specific guidelines on cryptocurrency taxation to provide guidance to taxpayers. As tax laws can be subject to change, here are the sources:

• https://www.fiduciaireassocies.be/blog/cryptomonnaies-quel-regime-de-taxation-en-belgique
• https://www.waltio.com/be-fr/blog/fiscalite/la-fiscalite-des-cryptomonnaies-en-belgique-2/
• https://www.test-achats.be/argent/impots/news/cryptomonnaies?updateBeanConsent=true

The answer depends on your profile:

If you’re a professional, YES! (many transactions, 1-2 times a day or even more…)

If you’re a citizen who invests or trades on a monthly basis, the answer is NO! (1-2 purchases/resales per month).

You’re considered a prudent investor! If you are able to show that your professional activity is not explicitly related to the crypto fields (for example: you are a doctor, or another profession that has nothing to do with it), you will be exempt from taxes.

And don’t forget to keep track records of purchases and sales as evidence.

The important thing is to justify your capital gains. And it’s the same with your stock!

Here’s an official Minfin.fed.be email who can give you a ruling.

And if you’re still having problems and don’t want to do it yourself, we suggest you go to :

• For individuals: crypto-compliance.eu (money repatriation to traditional banks)
• For professionals: avroy.tech & tuerlinckx.eu

No common ground has been found on this issue between tax lawyers and a crypto accounting company…

See our answer here

This could be when converting to fiat currencies or also when converting to stablecoins, for example.

How do you define your investor profile?

Defining the profile of crypto-currency investors is complex. The presentation highlighted the fact that not all cryptocurrency investments are speculative.

Standards relating to the number of transactions versus intentions must be taken into account when defining the investor’s profile.

However, the investor categories remain the same as for traditional investments, but the way we define and standardize them in the decentralized world could be different and should be defended by the investor’s intention.

The main reasoning concluded that individuals holding cryptocurrencies on centralized exchanges registered abroad are not required to declare these accounts to the Belgian National Bank.

However, it remains essential for individuals to meticulously track their transactions in order to justify their intentions when converting cryptocurrencies into fiat currencies.

Germany

Germany has adopted a relatively favorable approach to crypto-currencies. In 2020, the German government passed a law allowing German banks to store and trade cryptocurrencies, recognizing the legal status of crypto-assets. Cryptocurrencies are considered financial instruments and are regulated by the country’s financial supervisory authorities.

Tax level: In Germany, capital gains realized with cryptocurrencies are generally taxed after a holding period of at least one year, allowing for a partial tax exemption. Gains realized before this period may be subject to income tax.

France

France has also taken steps to regulate the cryptocurrency sector. In 2019, an ordinance was passed in France to create a legal framework for ICOs (Initial Coin Offerings) and digital tokens. Providers of cryptocurrency-related services, such as exchange platforms, are subject to strict regulation and must obtain a license from the Autorité des marchés financiers (AMF).

Tax level: In France, capital gains linked to cryptocurrencies are taxed as income tax. Taxation depends on how long the assets are held, with a distinction between short-term and long-term gains. Losses can also be deducted from gains.

Luxembourg

Luxembourg has taken a pragmatic approach to cryptocurrencies and blockchain technology. The country has sought to become a financial hub for blockchain and cryptocurrency-related businesses. It offers a favorable regulatory environment for companies working in financial technology, while ensuring investor security.

Tax level: In Luxembourg, taxation of cryptocurrencies is generally aligned with the tax principles applicable to other types of financial assets. Capital gains may be taxed depending on the holding period and the tax status of the individual or company.

Japan

Japan was one of the first countries to formally regulate cryptocurrencies. In 2017, the Japanese government officially recognized Bitcoin as a legal payment method. Cryptocurrency exchanges in Japan are subject to oversight by the Financial Services Authority (FSA). The regulations aim to promote the responsible development of blockchain technologies while ensuring consumer protection.

Tax level: In Japan, capital gains from cryptocurrency transactions may be subject to income tax. Japan has a specific tax regime for cryptocurrencies, with varying tax rates depending on the amount of gains.

Salvador

El Salvador became the first country to adopt Bitcoin as legal tender in September 2021. The Salvadoran government implemented the Bitcoin Law, allowing citizens to pay their taxes in Bitcoin and obliging merchants to accept the cryptocurrency as a means of payment. However, this decision has been subject to controversy and mixed reactions nationally and internationally.

Tax level: In El Salvador, following the adoption of Bitcoin as a legal currency, capital gains on Bitcoin transactions are not subject to income tax, in accordance with the country’s Bitcoin law.

United States

The United States has a complex approach to cryptocurrency regulation. Regulations vary at federal and state level. The Securities and Exchange Commission (SEC) regulates token offerings and securities-related activities, while the Financial Crimes Enforcement Network (FinCEN) oversees aspects related to money laundering and KYC (Know Your Customer) compliance. The regulatory framework in the United States is constantly evolving, and there are ongoing discussions to clarify and strengthen regulations in this area.

Tax level: In the United States, capital gains related to cryptocurrencies are generally taxed. Tax regulations vary depending on the nature of the transactions, whether they are cryptocurrency sales, exchanges or mining. Tax regulations in the US can be complex, and it is recommended to consult a tax professional for specific advice.

Sources :

• https://journalducoin.com/actualites/fiscalite-crypto-internationale-ocde-rallie-48-pays-derriere-projet/
• https://hellosafe.be/investissement/crypto-monnaie/carte-europe-fiscalite-crypto
• https://cryptoast.fr/fiscalite-des-crypto-actifs-dans-les-pays-etrangers/

In Belgium, individuals considered to be prudent investors (“Bon père de famille”) (whether people investing little or those making a limited number of transactions) will benefit from a tax exemption on capital gains linked to cryptocurrencies.

In other words, if you made a profit during the year, you won’t be subject to tax, and you won’t have to declare your transactions.

Here are a few more key points:

Capital gains tax

Capital gains from the sale of cryptocurrencies in Belgium are generally not taxable in the same way as stock market shares. The length of time cryptocurrencies are held affects the tax rate. Short-term capital gains are more likely to be taxed at a higher rate than long-term gains.

Example: You bought a bitcoin in 2013, held it until 2024 and then sold it at that time. You won’t have to pay taxes on it! Be sure to keep track of your purchases and sales from your cryptocurrency exchange platforms. This can be used as evidence in the event of a tax audit. The same goes for your shares on the stock market. It’s all about your inflows and outflows. In Belgium, the bon père de famille (the stock trader or the person who doesn’t do much trading) will be exempt from cryptocurrency tax! Well, only on capital gains. In concrete terms, if you’ve made capital gains during the year, you won’t have to pay any tax, but what’s more, you don’t have to declare your transactions. That’s why other countries consider Belgium to be a tax haven!

Income tax

If cryptocurrencies are used for professional or commercial purposes, the gains may be considered taxable income.

Cryptocurrency mining

Income from cryptocurrency mining may be taxable as professional income, depending on the nature and scale of the mining activity.

It is better to go and see a specialized tax specialist, please consult :

• avroy.tech (all about taxes)
• tuerlinckx.eu (all about taxes)
• crypto-compliance.eu (repatriation of money to traditional banks)

Staking cryptocurrencies

Income from staking is treated more or less like dividends, and is therefore taxable.

Cryptocurrency Airdrop

Airdrops are taxable if there is any consideration from the beneficiary. In this case, a series of prior actions or steps taken by the beneficiary are obviously taxable, but if not, the beneficiary is not taxable. A grey area

Buying products with cryptos

In Belgium, cryptocurrency-related transactions, such as purchases of goods or services using cryptocurrencies, may be subject to VAT. However, there are specific rules, and VAT does not necessarily apply to all transactions.

It’s important to note that the Belgian tax authorities have published specific guidelines on cryptocurrency taxation to provide guidance to taxpayers. As tax laws can be subject to change, here are the sources:

• https://www.fiduciaireassocies.be/blog/cryptomonnaies-quel-regime-de-taxation-en-belgique
• https://www.waltio.com/be-fr/blog/fiscalite/la-fiscalite-des-cryptomonnaies-en-belgique-2/
• https://www.test-achats.be/argent/impots/news/cryptomonnaies?updateBeanConsent=true

The answer depends on your profile:

If you’re a professional, YES! (many transactions, 1-2 times a day or even more…)

If you’re a citizen who invests or trades on a monthly basis, the answer is NO! (1-2 purchases/resales per month).

You’re considered a prudent investor! If you are able to show that your professional activity is not explicitly related to the crypto fields (for example: you are a doctor, or another profession that has nothing to do with it), you will be exempt from taxes.

And don’t forget to keep track records of purchases and sales as evidence.

The important thing is to justify your capital gains. And it’s the same with your stock!

Here’s an official Minfin.fed.be email who can give you a ruling.

And if you’re still having problems and don’t want to do it yourself, we suggest you go to :

• For individuals: crypto-compliance.eu (money repatriation to traditional banks)
• For professionals: avroy.tech & tuerlinckx.eu

No common ground has been found on this issue between tax lawyers and a crypto accounting company…

See our answer here

This could be when converting to fiat currencies or also when converting to stablecoins, for example.

How do you define your investor profile?

Defining the profile of crypto-currency investors is complex. The presentation highlighted the fact that not all cryptocurrency investments are speculative.

Standards relating to the number of transactions versus intentions must be taken into account when defining the investor’s profile.

However, the investor categories remain the same as for traditional investments, but the way we define and standardize them in the decentralized world could be different and should be defended by the investor’s intention.

The main reasoning concluded that individuals holding cryptocurrencies on centralized exchanges registered abroad are not required to declare these accounts to the Belgian National Bank.

However, it remains essential for individuals to meticulously track their transactions in order to justify their intentions when converting cryptocurrencies into fiat currencies.

Germany

Germany has adopted a relatively favorable approach to crypto-currencies. In 2020, the German government passed a law allowing German banks to store and trade cryptocurrencies, recognizing the legal status of crypto-assets. Cryptocurrencies are considered financial instruments and are regulated by the country’s financial supervisory authorities.

Tax level: In Germany, capital gains realized with cryptocurrencies are generally taxed after a holding period of at least one year, allowing for a partial tax exemption. Gains realized before this period may be subject to income tax.

France

France has also taken steps to regulate the cryptocurrency sector. In 2019, an ordinance was passed in France to create a legal framework for ICOs (Initial Coin Offerings) and digital tokens. Providers of cryptocurrency-related services, such as exchange platforms, are subject to strict regulation and must obtain a license from the Autorité des marchés financiers (AMF).

Tax level: In France, capital gains linked to cryptocurrencies are taxed as income tax. Taxation depends on how long the assets are held, with a distinction between short-term and long-term gains. Losses can also be deducted from gains.

Luxembourg

Luxembourg has taken a pragmatic approach to cryptocurrencies and blockchain technology. The country has sought to become a financial hub for blockchain and cryptocurrency-related businesses. It offers a favorable regulatory environment for companies working in financial technology, while ensuring investor security.

Tax level: In Luxembourg, taxation of cryptocurrencies is generally aligned with the tax principles applicable to other types of financial assets. Capital gains may be taxed depending on the holding period and the tax status of the individual or company.

Japan

Japan was one of the first countries to formally regulate cryptocurrencies. In 2017, the Japanese government officially recognized Bitcoin as a legal payment method. Cryptocurrency exchanges in Japan are subject to oversight by the Financial Services Authority (FSA). The regulations aim to promote the responsible development of blockchain technologies while ensuring consumer protection.

Tax level: In Japan, capital gains from cryptocurrency transactions may be subject to income tax. Japan has a specific tax regime for cryptocurrencies, with varying tax rates depending on the amount of gains.

Salvador

El Salvador became the first country to adopt Bitcoin as legal tender in September 2021. The Salvadoran government implemented the Bitcoin Law, allowing citizens to pay their taxes in Bitcoin and obliging merchants to accept the cryptocurrency as a means of payment. However, this decision has been subject to controversy and mixed reactions nationally and internationally.

Tax level: In El Salvador, following the adoption of Bitcoin as a legal currency, capital gains on Bitcoin transactions are not subject to income tax, in accordance with the country’s Bitcoin law.

United States

The United States has a complex approach to cryptocurrency regulation. Regulations vary at federal and state level. The Securities and Exchange Commission (SEC) regulates token offerings and securities-related activities, while the Financial Crimes Enforcement Network (FinCEN) oversees aspects related to money laundering and KYC (Know Your Customer) compliance. The regulatory framework in the United States is constantly evolving, and there are ongoing discussions to clarify and strengthen regulations in this area.

Tax level: In the United States, capital gains related to cryptocurrencies are generally taxed. Tax regulations vary depending on the nature of the transactions, whether they are cryptocurrency sales, exchanges or mining. Tax regulations in the US can be complex, and it is recommended to consult a tax professional for specific advice.

Sources :

• https://journalducoin.com/actualites/fiscalite-crypto-internationale-ocde-rallie-48-pays-derriere-projet/
• https://hellosafe.be/investissement/crypto-monnaie/carte-europe-fiscalite-crypto
• https://cryptoast.fr/fiscalite-des-crypto-actifs-dans-les-pays-etrangers/

In Belgium, individuals considered to be prudent investors (“Bon père de famille”) (whether people investing little or those making a limited number of transactions) will benefit from a tax exemption on capital gains linked to cryptocurrencies.

In other words, if you made a profit during the year, you won’t be subject to tax, and you won’t have to declare your transactions.

Here are a few more key points:

Capital gains tax

Capital gains from the sale of cryptocurrencies in Belgium are generally not taxable in the same way as stock market shares. The length of time cryptocurrencies are held affects the tax rate. Short-term capital gains are more likely to be taxed at a higher rate than long-term gains.

Example: You bought a bitcoin in 2013, held it until 2024 and then sold it at that time. You won’t have to pay taxes on it! Be sure to keep track of your purchases and sales from your cryptocurrency exchange platforms. This can be used as evidence in the event of a tax audit. The same goes for your shares on the stock market. It’s all about your inflows and outflows. In Belgium, the bon père de famille (the stock trader or the person who doesn’t do much trading) will be exempt from cryptocurrency tax! Well, only on capital gains. In concrete terms, if you’ve made capital gains during the year, you won’t have to pay any tax, but what’s more, you don’t have to declare your transactions. That’s why other countries consider Belgium to be a tax haven!

Income tax

If cryptocurrencies are used for professional or commercial purposes, the gains may be considered taxable income.

Cryptocurrency mining

Income from cryptocurrency mining may be taxable as professional income, depending on the nature and scale of the mining activity.

It is better to go and see a specialized tax specialist, please consult :

• avroy.tech (all about taxes)
• tuerlinckx.eu (all about taxes)
• crypto-compliance.eu (repatriation of money to traditional banks)

Staking cryptocurrencies

Income from staking is treated more or less like dividends, and is therefore taxable.

Cryptocurrency Airdrop

Airdrops are taxable if there is any consideration from the beneficiary. In this case, a series of prior actions or steps taken by the beneficiary are obviously taxable, but if not, the beneficiary is not taxable. A grey area

Buying products with cryptos

In Belgium, cryptocurrency-related transactions, such as purchases of goods or services using cryptocurrencies, may be subject to VAT. However, there are specific rules, and VAT does not necessarily apply to all transactions.

It’s important to note that the Belgian tax authorities have published specific guidelines on cryptocurrency taxation to provide guidance to taxpayers. As tax laws can be subject to change, here are the sources:

• https://www.fiduciaireassocies.be/blog/cryptomonnaies-quel-regime-de-taxation-en-belgique
• https://www.waltio.com/be-fr/blog/fiscalite/la-fiscalite-des-cryptomonnaies-en-belgique-2/
• https://www.test-achats.be/argent/impots/news/cryptomonnaies?updateBeanConsent=true

The answer depends on your profile:

If you’re a professional, YES! (many transactions, 1-2 times a day or even more…)

If you’re a citizen who invests or trades on a monthly basis, the answer is NO! (1-2 purchases/resales per month).

You’re considered a prudent investor! If you are able to show that your professional activity is not explicitly related to the crypto fields (for example: you are a doctor, or another profession that has nothing to do with it), you will be exempt from taxes.

And don’t forget to keep track records of purchases and sales as evidence.

The important thing is to justify your capital gains. And it’s the same with your stock!

Here’s an official Minfin.fed.be email who can give you a ruling.

And if you’re still having problems and don’t want to do it yourself, we suggest you go to :

• For individuals: crypto-compliance.eu (money repatriation to traditional banks)
• For professionals: avroy.tech & tuerlinckx.eu

Discover the basics of Decentralized Finance (DeFi), a blockchain-based financial ecosystem offering traditional services without the intermediary of third parties.

• What is decentralized finance (DeFi)?
• What is a smart contract?

Decentralized finance (DeFi) represents an ecosystem of financial services operating on blockchain, eliminating the need for traditional intermediaries. This revolution is based on the transparency and automation of transactions thanks to smart contracts (autonomous software), offering decentralized alternatives to conventional financial services.

A smart contract is a self-executing computer program designed to automate, facilitate or enforce specific contractual terms in a decentralized environment, typically on a blockchain.

These contracts are written in the specific programming language and are stored on the blockchain, guaranteeing automatic execution of the contract terms as soon as the predefined conditions are met.

Smart contracts eliminate the need for intermediaries, reducing costs and increasing efficiency in diverse areas such as financial transactions, insurance, real estate and other sectors where automated agreements can be advantageous.

In fact, the creation of Ethereum gave rise to dApps for Decentralized Applications (which are themselves smart contracts). There has been a huge proliferation of tools available to cryptocurrency holders.

For example:

1. From decentralized exchange platforms
2. Decentralized games
3. NFTs
4. decentralized lending and borrowing platforms
5. decentralized microservices platforms,
6. In short, a multitude of apps are starting to replicate the platforms we already know like Airbnb, Fiverr, etc.

Explore how DeFi protocols work, including lending, borrowing, decentralized exchanges and other decentralized financial applications.

• How do DeFi loans work?
• What is a liquidity pool?

Decentralized finance (DeFi) presents a lending process that bypasses traditional banks and intermediaries. Instead, loans are made directly between peers. DeFi offers borrowers and lenders the chance to find a platform, strike a deal and set up a smart contract; and voilà, the loan is set up.

A major advantage lies in the fact that borrowers don’t have to sell their cryptocurrencies to obtain liquidity.

For example, if you own a house that you want to keep while you buy a new one, you could use your old car as collateral to get a loan in DeFi to buy the new one.

Similarly, with DeFi loans, you keep your cryptocurrencies while benefiting from more advantageous terms than traditional loans.

This approach eliminates barriers, speeding up transactions while providing returns on deposited funds.

source : Ledger

A liquidity pool in the DeFi context is a mechanism where users make their cryptos available to facilitate trading on decentralized platforms, thus contributing to the liquidity of the decentralized market, but before they can do this, they must first have a software wallet . In return, they receive rewards in the form of additional fees or tokens.

In fact, these liquidity pools work a bit like bureaux de change. That is, to participate, you need to have crypto-currencies in both currencies involved. This is why we speak of PAIR between USDC/BTC, USDT/ETH or other examples with SOL/USDC. So you need to have enough in both currencies to be able to offer liquidity for people trading in both currencies.

There are, of course, central players known as market makers (official bureaux de change), who provide millions or even billions in liquidity for the announced peers. Either it’s millions of people offering a large pile of money to be exchanged between the two parties, or it’s large players (state-owned or otherwise) with lots of money offering the large pile of money. Trading platforms are also based on this principle.

And like any bureau de change, it pays in exchange fees between the two.

Learn how to identify and manage the risks associated with DeFi, as well as the best security practices for protecting your digital assets in this environment.

• What are the risks associated with DeFi?
• How do you choose a reliable DeFi platform?

DeFi is not without its risks. The volatility of cryptos exposes users to unpredictable fluctuations, security flaws can lead to significant losses, and the quality of smart contracts is crucial to avoid potential mistakes.

We advise you not to touch it if you don’t have enough time to devote to DeFi. It’s also the place where there are traps, drainers, social hacking, hacking on your hot wallet (software wallet), in short it’s the place where you need to be the most vigilant and it’s where many people often lose their cryptocurrency. That said, it’s possible that over the next few years, processes will become increasingly secure!

To choose a reliable DeFi platform, it’ s essential to check the project’s reputation, ensure its security through independent audits, and understand the transparency of its operation.

Careful assessment of these factors is necessary to minimize the potential risks associated with participation in the ever-changing DeFi ecosystem.

We’re still waiting for DeFi rating agencies, or even decentralized institutions, to tell Web3 users how serious decentralized platforms are. For the time being, it’s still a bit of a jungle, but there are some very reputable platforms where there are no worries whatsoever.

Some of the best-known:

1. Uniswap
2. Jup.ag
3. PancakeSwap
4. Curve
5. Osmosis
6. TraderJoe

Find tools, guides and other resources to deepen your understanding of DeFi and keep abreast of recent developments in this fast-moving field.

Wallets :

• Metamask
• Rabby
• Rainbow
• phantom
• backpack
• OKX Wallet
• Coinbase Wallet

DEXs :

• Pankaswap
• Uniswap
• 1inch
• SyncSwap
• Jupiter

Liquid Staking:

• Lido
• ether.fi
• Renzo

Yield Farming:

• Pendle
• ether.fi
• iZUMi Finance

Lending & Borrowing :

• Aave Protocol
• Compound
• ZeroLend

DeFi oracle :

• chainlink

Forum Discord :

• TheDiggers.

Discover the fascinating world of cryptocurrencies, digital currencies that are revolutionizing financial transactions. Want to know more about how they work, their potential and how to get started using them? Check out our FAQ for clear, concise answers.

• Introduction to cryptocurrency
• Getting started in cryptocurrency
• Cryptocurrency investing and trading
• How to find the right sources

Crypto” is shorthand for cryptocurrency, a form of digital currency that relies on a technology called blockchain. Think of the blockchain as a public digital ledger where all transactions are recorded securely and chronologically.

• What is Crypto?
• How does Bitcoin work?
• How does blockchain technology work?
• What is a whitepaper?
• Bitcoin as a national currency?
• What are the differences between cryptocurrency platforms?

Learn the first steps to getting started: how to get cryptocurrency and how to store it safely.

• How do you get started with crypto?
• How can I buy cryptos?
• How to use a decentralized exchange
• How to make a cryptocurrency transfer?
• How to store cryptos safely?
• Can a cryptocurrency transaction be cancelled?

Explore the different ways to invest in cryptocurrencies long-term and trade short-term.

• Why is crypto falling, falling or rising?
• Crypto or Binance?
• How do you assess the value of a crypto-currency?
• Crypto, how to invest?
• Crypto, which one to buy?

We’ve made a short video about it, but here are the resource links we recommend!

• Grand Angle Crypto
• Hasheur
• Mr TK
• JournalduCoin
• PaulCryptoformation
• Cryptoast
• EspritCryptique

NFTs are captivating the world with their ability to represent the unique ownership of digital assets. Wondering what makes these tokens so special, and how they work? Our FAQ answers all your questions about NFTs, from their use in digital art to their impact on the creative industries.

• Introduction to NFTs
• Investment in NTFs
• NFT storage
• Resources

Discover the basics of NFTs (Non-Fungible Tokens), how they work and their usefulness in blockchain.

• What is an NFT?
• What types of assets can be represented by NFTs?
• Why are NFTs so expensive?
• Are NFTs subject to copyright?

Explore the different methods and strategies for investing in NFTs and profiting from this fast-growing market.

• How to create an NFT?
• NFT, where can I buy them?
• NFT, how to sell?
• NFT, how to invest?

Learn how to store and secure your NFTs effectively to prevent any risk of loss or theft.

• Where to store your NFTs?
• How do you protect your NFTs against theft?

Find tools and references to deepen your understanding of NFTs and keep abreast of the latest trends and developments.

NFT market:

• Opensea
• tensor.trade
• blur
• magic eden
• rarible

Famous NFT Collection:

• Crypto punk
• Pudgy Penguins
• Bored Ape Yacht Club
• MadLads
• NodeMonkes

NFT gallery / Auction:

• SuperRare
• Foundation.app
• Exchange.Art

Media:

• Gary Vee
• Non fungible Tea (with Brian Bencafico)
• NFTnow

Event :

• NFT Factory Paris
• NFT Paris
• Non Fungible Conference
• NFT NYC

Forum Discord :

• TheDiggers.

Safety is paramount in the ever-changing world of Web3. Curious about how to protect your data and transactions on decentralized platforms? Our FAQ explores the best security practices for navigating the Web3 world with confidence.

• Crypto scams
• The 10 Common Web3 Scams
• What are private and public keys?
• Difference between software and hardware portfolios
• Software portfolio installation

To avoid crypto scams, it’s essential to conduct thorough research on projects before investing and rely on reliable sources of information, or you can give us a call!

When you interact with Web3 and dApps, you’re much more likely to get scammed. That’s why we’ve created a list of 10 common scams to help you recognize them.

The security of websites used for transactions must be checked, and it is imperative to keep private keys confidential. Careful verification of addresses when transferring funds, and caution against overly tempting offers, are also essential.

Confirming the authenticity of partnerships, exercising heightened vigilance on social networks, opting for reliable wallets, and staying educated about the ever-changing risks are crucial practices for safe navigation in the crypto ecosystem.

For the time being, we therefore advise you to leave your cryptos on a platform! In our opinion, you are less exposed to risk. Or you can simply put it in your cold wallet.

Scams are common:

• by email
• by drainer (fake page that steals all your cryptos)
• by social hacking (scammers posing as platforms), or people asking for your passphrases…
• By private message
• by sending a PDF

In short, we have to be careful on all fronts.

The best antidote is your intelligence!

Private Key

A private key is a randomly generated sequence of alphanumeric characters, constituting the essential element for accessing and controlling the funds in a cryptocurrency wallet. It must remain secret and confidential. The private key is used to sign transactions, unlock funds and prove ownership of a wallet address.

The seedphrase

A seedphrase, or recovery phrase, is a series of random words used as a backup to access your cryptocurrency wallet. This phrase is generally made up of 12 to 24 words in a specific order and is generated when a new wallet is created. The seedphrase is essential as it can be used to restore access to your wallet in the event of your device being lost or crashing. It is crucial to keep this phrase safe and never share it with anyone.

Public Key

A public key is derived from the private key using cryptographic algorithms. Unlike the private key, the public key is shared with other users. It serves as an address for receiving funds. Funds can be transferred to this address, but to spend them, the corresponding private key must be used to sign the transaction.

Hot Wallet(Software wallet)

A hot wallet is a software wallet that is always connected to the Internet, used to store cryptocurrencies conveniently, enabling fast transactions and easy access to funds.

However, hot wallets are more vulnerable to cyber-attacks because they are constantly connected to the Internet. Although they offer fast accessibility, their security depends on the security of the device on which they are installed.

Cold Wallet

A cold wallet is a hardware wallet designed to store cryptocurrencies securely, as it is not always connected to the Internet.

Cold wallets are generally hardware devices, such as physical wallets or USB sticks.

Thanks to their lack of Internet connection, cold wallets offer enhanced security against cyber threats. Private keys are stored offline, considerably reducing the risk of unauthorized access by hackers.

Learn how to install and configure a software wallet to store your cryptocurrencies securely on your device.

The tax implications of cryptocurrencies and DeFi transactions can seem complex. Do you have questions about crypto taxation and how to stay compliant with regulations? Our FAQ demystifies the tax aspects of the cryptocurrency and decentralized finance ecosystem.

• When should I declare?
• Declaration of foreign-registered accounts ?
• Crypto regulation in different countries
• How are cryptos regulated in Belgium?
• Are crypto gains taxable in Belgium?

No common ground has been found on this issue between tax lawyers and a crypto accounting company…

See our answer here

This could be when converting to fiat currencies or also when converting to stablecoins, for example.

How do you define your investor profile?

Defining the profile of crypto-currency investors is complex. The presentation highlighted the fact that not all cryptocurrency investments are speculative.

Standards relating to the number of transactions versus intentions must be taken into account when defining the investor’s profile.

However, the investor categories remain the same as for traditional investments, but the way we define and standardize them in the decentralized world could be different and should be defended by the investor’s intention.

The main reasoning concluded that individuals holding cryptocurrencies on centralized exchanges registered abroad are not required to declare these accounts to the Belgian National Bank.

However, it remains essential for individuals to meticulously track their transactions in order to justify their intentions when converting cryptocurrencies into fiat currencies.

Germany

Germany has adopted a relatively favorable approach to crypto-currencies. In 2020, the German government passed a law allowing German banks to store and trade cryptocurrencies, recognizing the legal status of crypto-assets. Cryptocurrencies are considered financial instruments and are regulated by the country’s financial supervisory authorities.

Tax level: In Germany, capital gains realized with cryptocurrencies are generally taxed after a holding period of at least one year, allowing for a partial tax exemption. Gains realized before this period may be subject to income tax.

France

France has also taken steps to regulate the cryptocurrency sector. In 2019, an ordinance was passed in France to create a legal framework for ICOs (Initial Coin Offerings) and digital tokens. Providers of cryptocurrency-related services, such as exchange platforms, are subject to strict regulation and must obtain a license from the Autorité des marchés financiers (AMF).

Tax level: In France, capital gains linked to cryptocurrencies are taxed as income tax. Taxation depends on how long the assets are held, with a distinction between short-term and long-term gains. Losses can also be deducted from gains.

Luxembourg

Luxembourg has taken a pragmatic approach to cryptocurrencies and blockchain technology. The country has sought to become a financial hub for blockchain and cryptocurrency-related businesses. It offers a favorable regulatory environment for companies working in financial technology, while ensuring investor security.

Tax level: In Luxembourg, taxation of cryptocurrencies is generally aligned with the tax principles applicable to other types of financial assets. Capital gains may be taxed depending on the holding period and the tax status of the individual or company.

Japan

Japan was one of the first countries to formally regulate cryptocurrencies. In 2017, the Japanese government officially recognized Bitcoin as a legal payment method. Cryptocurrency exchanges in Japan are subject to oversight by the Financial Services Authority (FSA). The regulations aim to promote the responsible development of blockchain technologies while ensuring consumer protection.

Tax level: In Japan, capital gains from cryptocurrency transactions may be subject to income tax. Japan has a specific tax regime for cryptocurrencies, with varying tax rates depending on the amount of gains.

Salvador

El Salvador became the first country to adopt Bitcoin as legal tender in September 2021. The Salvadoran government implemented the Bitcoin Law, allowing citizens to pay their taxes in Bitcoin and obliging merchants to accept the cryptocurrency as a means of payment. However, this decision has been subject to controversy and mixed reactions nationally and internationally.

Tax level: In El Salvador, following the adoption of Bitcoin as a legal currency, capital gains on Bitcoin transactions are not subject to income tax, in accordance with the country’s Bitcoin law.

United States

The United States has a complex approach to cryptocurrency regulation. Regulations vary at federal and state level. The Securities and Exchange Commission (SEC) regulates token offerings and securities-related activities, while the Financial Crimes Enforcement Network (FinCEN) oversees aspects related to money laundering and KYC (Know Your Customer) compliance. The regulatory framework in the United States is constantly evolving, and there are ongoing discussions to clarify and strengthen regulations in this area.

Tax level: In the United States, capital gains related to cryptocurrencies are generally taxed. Tax regulations vary depending on the nature of the transactions, whether they are cryptocurrency sales, exchanges or mining. Tax regulations in the US can be complex, and it is recommended to consult a tax professional for specific advice.

Sources :

• https://journalducoin.com/actualites/fiscalite-crypto-internationale-ocde-rallie-48-pays-derriere-projet/
• https://hellosafe.be/investissement/crypto-monnaie/carte-europe-fiscalite-crypto
• https://cryptoast.fr/fiscalite-des-crypto-actifs-dans-les-pays-etrangers/

In Belgium, individuals considered to be prudent investors (“Bon père de famille”) (whether people investing little or those making a limited number of transactions) will benefit from a tax exemption on capital gains linked to cryptocurrencies.

In other words, if you made a profit during the year, you won’t be subject to tax, and you won’t have to declare your transactions.

Here are a few more key points:

Capital gains tax

Capital gains from the sale of cryptocurrencies in Belgium are generally not taxable in the same way as stock market shares. The length of time cryptocurrencies are held affects the tax rate. Short-term capital gains are more likely to be taxed at a higher rate than long-term gains.

Example: You bought a bitcoin in 2013, held it until 2024 and then sold it at that time. You won’t have to pay taxes on it! Be sure to keep track of your purchases and sales from your cryptocurrency exchange platforms. This can be used as evidence in the event of a tax audit. The same goes for your shares on the stock market. It’s all about your inflows and outflows. In Belgium, the bon père de famille (the stock trader or the person who doesn’t do much trading) will be exempt from cryptocurrency tax! Well, only on capital gains. In concrete terms, if you’ve made capital gains during the year, you won’t have to pay any tax, but what’s more, you don’t have to declare your transactions. That’s why other countries consider Belgium to be a tax haven!

Income tax

If cryptocurrencies are used for professional or commercial purposes, the gains may be considered taxable income.

Cryptocurrency mining

Income from cryptocurrency mining may be taxable as professional income, depending on the nature and scale of the mining activity.

It is better to go and see a specialized tax specialist, please consult :

• avroy.tech (all about taxes)
• tuerlinckx.eu (all about taxes)
• crypto-compliance.eu (repatriation of money to traditional banks)

Staking cryptocurrencies

Income from staking is treated more or less like dividends, and is therefore taxable.

Cryptocurrency Airdrop

Airdrops are taxable if there is any consideration from the beneficiary. In this case, a series of prior actions or steps taken by the beneficiary are obviously taxable, but if not, the beneficiary is not taxable. A grey area

Buying products with cryptos

In Belgium, cryptocurrency-related transactions, such as purchases of goods or services using cryptocurrencies, may be subject to VAT. However, there are specific rules, and VAT does not necessarily apply to all transactions.

It’s important to note that the Belgian tax authorities have published specific guidelines on cryptocurrency taxation to provide guidance to taxpayers. As tax laws can be subject to change, here are the sources:

• https://www.fiduciaireassocies.be/blog/cryptomonnaies-quel-regime-de-taxation-en-belgique
• https://www.waltio.com/be-fr/blog/fiscalite/la-fiscalite-des-cryptomonnaies-en-belgique-2/
• https://www.test-achats.be/argent/impots/news/cryptomonnaies?updateBeanConsent=true

The answer depends on your profile:

If you’re a professional, YES! (many transactions, 1-2 times a day or even more…)

If you’re a citizen who invests or trades on a monthly basis, the answer is NO! (1-2 purchases/resales per month).

You’re considered a prudent investor! If you are able to show that your professional activity is not explicitly related to the crypto fields (for example: you are a doctor, or another profession that has nothing to do with it), you will be exempt from taxes.

And don’t forget to keep track records of purchases and sales as evidence.

The important thing is to justify your capital gains. And it’s the same with your stock!

Here’s an official Minfin.fed.be email who can give you a ruling.

And if you’re still having problems and don’t want to do it yourself, we suggest you go to :

• For individuals: crypto-compliance.eu (money repatriation to traditional banks)
• For professionals: avroy.tech & tuerlinckx.eu

Dive into the innovative world of decentralized finance (DeFi) and discover how it is transforming traditional financial services. Would you like to understand the key concepts of DeFi and explore its possibilities? Our FAQ is your essential guide to navigating this new financial horizon.

• Introduction to DeFi
• How DeFi works
• Risks and safety at DeFi
• Resources

Discover the basics of Decentralized Finance (DeFi), a blockchain-based financial ecosystem offering traditional services without the intermediary of third parties.

• What is decentralized finance (DeFi)?
• What is a smart contract?

Explore how DeFi protocols work, including lending, borrowing, decentralized exchanges and other decentralized financial applications.

• How do DeFi loans work?
• What is a liquidity pool?

Learn how to identify and manage the risks associated with DeFi, as well as the best security practices for protecting your digital assets in this environment.

• What are the risks associated with DeFi?
• How do you choose a reliable DeFi platform?

Find tools, guides and other resources to deepen your understanding of DeFi and keep abreast of recent developments in this fast-moving field.

Wallets :

• Metamask
• Rabby
• Rainbow
• phantom
• backpack
• OKX Wallet
• Coinbase Wallet

DEXs :

• Pankaswap
• Uniswap
• 1inch
• SyncSwap
• Jupiter

Liquid Staking:

• Lido
• ether.fi
• Renzo

Yield Farming:

• Pendle
• ether.fi
• iZUMi Finance

Lending & Borrowing :

• Aave Protocol
• Compound
• ZeroLend

DeFi oracle :

• chainlink

Forum Discord :

• TheDiggers.

Consult our directory on our main site:

List of Belgian crypto companies on the web3

Immerse yourself in in-depth conversations with specialists, experts, scientists, lawyers, IT specialists– in short, all the people who are contributing to the web3 revolution.

Discover sharp analysis, unique insights, and answers to your questions about cryptocurrency, NFTs, mining, neobanks, blockchain, and even crypto!

Discover the fascinating world of cryptocurrencies, digital currencies that are revolutionizing financial transactions. Want to know more about how they work, their potential and how to get started using them? Check out our FAQ for clear, concise answers.

• Introduction to cryptocurrency
• Getting started in cryptocurrency
• Cryptocurrency investing and trading
• How to find the right sources

Crypto” is shorthand for cryptocurrency, a form of digital currency that relies on a technology called blockchain. Think of the blockchain as a public digital ledger where all transactions are recorded securely and chronologically.

• What is Crypto?
• How does Bitcoin work?
• How does blockchain technology work?
• What is a whitepaper?
• Bitcoin as a national currency?
• What are the differences between cryptocurrency platforms?

Learn the first steps to getting started: how to get cryptocurrency and how to store it safely.

• How do you get started with crypto?
• How can I buy cryptos?
• How to use a decentralized exchange
• How to make a cryptocurrency transfer?
• How to store cryptos safely?
• Can a cryptocurrency transaction be cancelled?

Explore the different ways to invest in cryptocurrencies long-term and trade short-term.

• Why is crypto falling, falling or rising?
• Crypto or Binance?
• How do you assess the value of a crypto-currency?
• Crypto, how to invest?
• Crypto, which one to buy?

We’ve made a short video about it, but here are the resource links we recommend!

• Grand Angle Crypto
• Hasheur
• Mr TK
• JournalduCoin
• PaulCryptoformation
• Cryptoast
• EspritCryptique

NFTs are captivating the world with their ability to represent the unique ownership of digital assets. Wondering what makes these tokens so special, and how they work? Our FAQ answers all your questions about NFTs, from their use in digital art to their impact on the creative industries.

• Introduction to NFTs
• Investment in NTFs
• NFT storage
• Resources

Discover the basics of NFTs (Non-Fungible Tokens), how they work and their usefulness in blockchain.

• What is an NFT?
• What types of assets can be represented by NFTs?
• Why are NFTs so expensive?
• Are NFTs subject to copyright?

Explore the different methods and strategies for investing in NFTs and profiting from this fast-growing market.

• How to create an NFT?
• NFT, where can I buy them?
• NFT, how to sell?
• NFT, how to invest?

Learn how to store and secure your NFTs effectively to prevent any risk of loss or theft.

• Where to store your NFTs?
• How do you protect your NFTs against theft?

Find tools and references to deepen your understanding of NFTs and keep abreast of the latest trends and developments.

NFT market:

• Opensea
• tensor.trade
• blur
• magic eden
• rarible

Famous NFT Collection:

• Crypto punk
• Pudgy Penguins
• Bored Ape Yacht Club
• MadLads
• NodeMonkes

NFT gallery / Auction:

• SuperRare
• Foundation.app
• Exchange.Art

Media:

• Gary Vee
• Non fungible Tea (with Brian Bencafico)
• NFTnow

Event :

• NFT Factory Paris
• NFT Paris
• Non Fungible Conference
• NFT NYC

Forum Discord :

• TheDiggers.

Safety is paramount in the ever-changing world of Web3. Curious about how to protect your data and transactions on decentralized platforms? Our FAQ explores the best security practices for navigating the Web3 world with confidence.

• Crypto scams
• The 10 Common Web3 Scams
• What are private and public keys?
• Difference between software and hardware portfolios
• Software portfolio installation

To avoid crypto scams, it’s essential to conduct thorough research on projects before investing and rely on reliable sources of information, or you can give us a call!

When you interact with Web3 and dApps, you’re much more likely to get scammed. That’s why we’ve created a list of 10 common scams to help you recognize them.

The security of websites used for transactions must be checked, and it is imperative to keep private keys confidential. Careful verification of addresses when transferring funds, and caution against overly tempting offers, are also essential.

Confirming the authenticity of partnerships, exercising heightened vigilance on social networks, opting for reliable wallets, and staying educated about the ever-changing risks are crucial practices for safe navigation in the crypto ecosystem.

For the time being, we therefore advise you to leave your cryptos on a platform! In our opinion, you are less exposed to risk. Or you can simply put it in your cold wallet.

Scams are common:

• by email
• by drainer (fake page that steals all your cryptos)
• by social hacking (scammers posing as platforms), or people asking for your passphrases…
• By private message
• by sending a PDF

In short, we have to be careful on all fronts.

The best antidote is your intelligence!

Private Key

A private key is a randomly generated sequence of alphanumeric characters, constituting the essential element for accessing and controlling the funds in a cryptocurrency wallet. It must remain secret and confidential. The private key is used to sign transactions, unlock funds and prove ownership of a wallet address.

The seedphrase

A seedphrase, or recovery phrase, is a series of random words used as a backup to access your cryptocurrency wallet. This phrase is generally made up of 12 to 24 words in a specific order and is generated when a new wallet is created. The seedphrase is essential as it can be used to restore access to your wallet in the event of your device being lost or crashing. It is crucial to keep this phrase safe and never share it with anyone.

Public Key

A public key is derived from the private key using cryptographic algorithms. Unlike the private key, the public key is shared with other users. It serves as an address for receiving funds. Funds can be transferred to this address, but to spend them, the corresponding private key must be used to sign the transaction.

Hot Wallet(Software wallet)

A hot wallet is a software wallet that is always connected to the Internet, used to store cryptocurrencies conveniently, enabling fast transactions and easy access to funds.

However, hot wallets are more vulnerable to cyber-attacks because they are constantly connected to the Internet. Although they offer fast accessibility, their security depends on the security of the device on which they are installed.

Cold Wallet

A cold wallet is a hardware wallet designed to store cryptocurrencies securely, as it is not always connected to the Internet.

Cold wallets are generally hardware devices, such as physical wallets or USB sticks.

Thanks to their lack of Internet connection, cold wallets offer enhanced security against cyber threats. Private keys are stored offline, considerably reducing the risk of unauthorized access by hackers.

Learn how to install and configure a software wallet to store your cryptocurrencies securely on your device.

The tax implications of cryptocurrencies and DeFi transactions can seem complex. Do you have questions about crypto taxation and how to stay compliant with regulations? Our FAQ demystifies the tax aspects of the cryptocurrency and decentralized finance ecosystem.

• When should I declare?
• Declaration of foreign-registered accounts ?
• Crypto regulation in different countries
• How are cryptos regulated in Belgium?
• Are crypto gains taxable in Belgium?

No common ground has been found on this issue between tax lawyers and a crypto accounting company…

See our answer here

This could be when converting to fiat currencies or also when converting to stablecoins, for example.

How do you define your investor profile?

Defining the profile of crypto-currency investors is complex. The presentation highlighted the fact that not all cryptocurrency investments are speculative.

Standards relating to the number of transactions versus intentions must be taken into account when defining the investor’s profile.

However, the investor categories remain the same as for traditional investments, but the way we define and standardize them in the decentralized world could be different and should be defended by the investor’s intention.

The main reasoning concluded that individuals holding cryptocurrencies on centralized exchanges registered abroad are not required to declare these accounts to the Belgian National Bank.

However, it remains essential for individuals to meticulously track their transactions in order to justify their intentions when converting cryptocurrencies into fiat currencies.

Germany

Germany has adopted a relatively favorable approach to crypto-currencies. In 2020, the German government passed a law allowing German banks to store and trade cryptocurrencies, recognizing the legal status of crypto-assets. Cryptocurrencies are considered financial instruments and are regulated by the country’s financial supervisory authorities.

Tax level: In Germany, capital gains realized with cryptocurrencies are generally taxed after a holding period of at least one year, allowing for a partial tax exemption. Gains realized before this period may be subject to income tax.

France

France has also taken steps to regulate the cryptocurrency sector. In 2019, an ordinance was passed in France to create a legal framework for ICOs (Initial Coin Offerings) and digital tokens. Providers of cryptocurrency-related services, such as exchange platforms, are subject to strict regulation and must obtain a license from the Autorité des marchés financiers (AMF).

Tax level: In France, capital gains linked to cryptocurrencies are taxed as income tax. Taxation depends on how long the assets are held, with a distinction between short-term and long-term gains. Losses can also be deducted from gains.

Luxembourg

Luxembourg has taken a pragmatic approach to cryptocurrencies and blockchain technology. The country has sought to become a financial hub for blockchain and cryptocurrency-related businesses. It offers a favorable regulatory environment for companies working in financial technology, while ensuring investor security.

Tax level: In Luxembourg, taxation of cryptocurrencies is generally aligned with the tax principles applicable to other types of financial assets. Capital gains may be taxed depending on the holding period and the tax status of the individual or company.

Japan

Japan was one of the first countries to formally regulate cryptocurrencies. In 2017, the Japanese government officially recognized Bitcoin as a legal payment method. Cryptocurrency exchanges in Japan are subject to oversight by the Financial Services Authority (FSA). The regulations aim to promote the responsible development of blockchain technologies while ensuring consumer protection.

Tax level: In Japan, capital gains from cryptocurrency transactions may be subject to income tax. Japan has a specific tax regime for cryptocurrencies, with varying tax rates depending on the amount of gains.

Salvador

El Salvador became the first country to adopt Bitcoin as legal tender in September 2021. The Salvadoran government implemented the Bitcoin Law, allowing citizens to pay their taxes in Bitcoin and obliging merchants to accept the cryptocurrency as a means of payment. However, this decision has been subject to controversy and mixed reactions nationally and internationally.

Tax level: In El Salvador, following the adoption of Bitcoin as a legal currency, capital gains on Bitcoin transactions are not subject to income tax, in accordance with the country’s Bitcoin law.

United States

The United States has a complex approach to cryptocurrency regulation. Regulations vary at federal and state level. The Securities and Exchange Commission (SEC) regulates token offerings and securities-related activities, while the Financial Crimes Enforcement Network (FinCEN) oversees aspects related to money laundering and KYC (Know Your Customer) compliance. The regulatory framework in the United States is constantly evolving, and there are ongoing discussions to clarify and strengthen regulations in this area.

Tax level: In the United States, capital gains related to cryptocurrencies are generally taxed. Tax regulations vary depending on the nature of the transactions, whether they are cryptocurrency sales, exchanges or mining. Tax regulations in the US can be complex, and it is recommended to consult a tax professional for specific advice.

Sources :

• https://journalducoin.com/actualites/fiscalite-crypto-internationale-ocde-rallie-48-pays-derriere-projet/
• https://hellosafe.be/investissement/crypto-monnaie/carte-europe-fiscalite-crypto
• https://cryptoast.fr/fiscalite-des-crypto-actifs-dans-les-pays-etrangers/

In Belgium, individuals considered to be prudent investors (“Bon père de famille”) (whether people investing little or those making a limited number of transactions) will benefit from a tax exemption on capital gains linked to cryptocurrencies.

In other words, if you made a profit during the year, you won’t be subject to tax, and you won’t have to declare your transactions.

Here are a few more key points:

Capital gains tax

Capital gains from the sale of cryptocurrencies in Belgium are generally not taxable in the same way as stock market shares. The length of time cryptocurrencies are held affects the tax rate. Short-term capital gains are more likely to be taxed at a higher rate than long-term gains.

Example: You bought a bitcoin in 2013, held it until 2024 and then sold it at that time. You won’t have to pay taxes on it! Be sure to keep track of your purchases and sales from your cryptocurrency exchange platforms. This can be used as evidence in the event of a tax audit. The same goes for your shares on the stock market. It’s all about your inflows and outflows. In Belgium, the bon père de famille (the stock trader or the person who doesn’t do much trading) will be exempt from cryptocurrency tax! Well, only on capital gains. In concrete terms, if you’ve made capital gains during the year, you won’t have to pay any tax, but what’s more, you don’t have to declare your transactions. That’s why other countries consider Belgium to be a tax haven!

Income tax

If cryptocurrencies are used for professional or commercial purposes, the gains may be considered taxable income.

Cryptocurrency mining

Income from cryptocurrency mining may be taxable as professional income, depending on the nature and scale of the mining activity.

It is better to go and see a specialized tax specialist, please consult :

• avroy.tech (all about taxes)
• tuerlinckx.eu (all about taxes)
• crypto-compliance.eu (repatriation of money to traditional banks)

Staking cryptocurrencies

Income from staking is treated more or less like dividends, and is therefore taxable.

Cryptocurrency Airdrop

Airdrops are taxable if there is any consideration from the beneficiary. In this case, a series of prior actions or steps taken by the beneficiary are obviously taxable, but if not, the beneficiary is not taxable. A grey area

Buying products with cryptos

In Belgium, cryptocurrency-related transactions, such as purchases of goods or services using cryptocurrencies, may be subject to VAT. However, there are specific rules, and VAT does not necessarily apply to all transactions.

It’s important to note that the Belgian tax authorities have published specific guidelines on cryptocurrency taxation to provide guidance to taxpayers. As tax laws can be subject to change, here are the sources:

• https://www.fiduciaireassocies.be/blog/cryptomonnaies-quel-regime-de-taxation-en-belgique
• https://www.waltio.com/be-fr/blog/fiscalite/la-fiscalite-des-cryptomonnaies-en-belgique-2/
• https://www.test-achats.be/argent/impots/news/cryptomonnaies?updateBeanConsent=true

The answer depends on your profile:

If you’re a professional, YES! (many transactions, 1-2 times a day or even more…)

If you’re a citizen who invests or trades on a monthly basis, the answer is NO! (1-2 purchases/resales per month).

You’re considered a prudent investor! If you are able to show that your professional activity is not explicitly related to the crypto fields (for example: you are a doctor, or another profession that has nothing to do with it), you will be exempt from taxes.

And don’t forget to keep track records of purchases and sales as evidence.

The important thing is to justify your capital gains. And it’s the same with your stock!

Here’s an official Minfin.fed.be email who can give you a ruling.

And if you’re still having problems and don’t want to do it yourself, we suggest you go to :

• For individuals: crypto-compliance.eu (money repatriation to traditional banks)
• For professionals: avroy.tech & tuerlinckx.eu

Dive into the innovative world of decentralized finance (DeFi) and discover how it is transforming traditional financial services. Would you like to understand the key concepts of DeFi and explore its possibilities? Our FAQ is your essential guide to navigating this new financial horizon.

• Introduction to DeFi
• How DeFi works
• Risks and safety at DeFi
• Resources

Discover the basics of Decentralized Finance (DeFi), a blockchain-based financial ecosystem offering traditional services without the intermediary of third parties.

• What is decentralized finance (DeFi)?
• What is a smart contract?

Explore how DeFi protocols work, including lending, borrowing, decentralized exchanges and other decentralized financial applications.

• How do DeFi loans work?
• What is a liquidity pool?

Learn how to identify and manage the risks associated with DeFi, as well as the best security practices for protecting your digital assets in this environment.

• What are the risks associated with DeFi?
• How do you choose a reliable DeFi platform?

Find tools, guides and other resources to deepen your understanding of DeFi and keep abreast of recent developments in this fast-moving field.

Wallets :

• Metamask
• Rabby
• Rainbow
• phantom
• backpack
• OKX Wallet
• Coinbase Wallet

DEXs :

• Pankaswap
• Uniswap
• 1inch
• SyncSwap
• Jupiter

Liquid Staking:

• Lido
• ether.fi
• Renzo

Yield Farming:

• Pendle
• ether.fi
• iZUMi Finance

Lending & Borrowing :

• Aave Protocol
• Compound
• ZeroLend

DeFi oracle :

• chainlink

Forum Discord :

• TheDiggers.

Consult our directory on our main site:

List of Belgian crypto companies on the web3

Immerse yourself in in-depth conversations with specialists, experts, scientists, lawyers, IT specialists– in short, all the people who are contributing to the web3 revolution.

Discover sharp analysis, unique insights, and answers to your questions about cryptocurrency, NFTs, mining, neobanks, blockchain, and even crypto!

Discover the basics of Decentralized Finance (DeFi), a blockchain-based financial ecosystem offering traditional services without the intermediary of third parties.

• What is decentralized finance (DeFi)?
• What is a smart contract?

Decentralized finance (DeFi) represents an ecosystem of financial services operating on blockchain, eliminating the need for traditional intermediaries. This revolution is based on the transparency and automation of transactions thanks to smart contracts (autonomous software), offering decentralized alternatives to conventional financial services.

A smart contract is a self-executing computer program designed to automate, facilitate or enforce specific contractual terms in a decentralized environment, typically on a blockchain.

These contracts are written in the specific programming language and are stored on the blockchain, guaranteeing automatic execution of the contract terms as soon as the predefined conditions are met.

Smart contracts eliminate the need for intermediaries, reducing costs and increasing efficiency in diverse areas such as financial transactions, insurance, real estate and other sectors where automated agreements can be advantageous.

In fact, the creation of Ethereum gave rise to dApps for Decentralized Applications (which are themselves smart contracts). There has been a huge proliferation of tools available to cryptocurrency holders.

For example:

1. From decentralized exchange platforms
2. Decentralized games
3. NFTs
4. decentralized lending and borrowing platforms
5. decentralized microservices platforms,
6. In short, a multitude of apps are starting to replicate the platforms we already know like Airbnb, Fiverr, etc.

Explore how DeFi protocols work, including lending, borrowing, decentralized exchanges and other decentralized financial applications.

• How do DeFi loans work?
• What is a liquidity pool?

Decentralized finance (DeFi) presents a lending process that bypasses traditional banks and intermediaries. Instead, loans are made directly between peers. DeFi offers borrowers and lenders the chance to find a platform, strike a deal and set up a smart contract; and voilà, the loan is set up.

A major advantage lies in the fact that borrowers don’t have to sell their cryptocurrencies to obtain liquidity.

For example, if you own a house that you want to keep while you buy a new one, you could use your old car as collateral to get a loan in DeFi to buy the new one.

Similarly, with DeFi loans, you keep your cryptocurrencies while benefiting from more advantageous terms than traditional loans.

This approach eliminates barriers, speeding up transactions while providing returns on deposited funds.

source : Ledger

A liquidity pool in the DeFi context is a mechanism where users make their cryptos available to facilitate trading on decentralized platforms, thus contributing to the liquidity of the decentralized market, but before they can do this, they must first have a software wallet . In return, they receive rewards in the form of additional fees or tokens.

In fact, these liquidity pools work a bit like bureaux de change. That is, to participate, you need to have crypto-currencies in both currencies involved. This is why we speak of PAIR between USDC/BTC, USDT/ETH or other examples with SOL/USDC. So you need to have enough in both currencies to be able to offer liquidity for people trading in both currencies.

There are, of course, central players known as market makers (official bureaux de change), who provide millions or even billions in liquidity for the announced peers. Either it’s millions of people offering a large pile of money to be exchanged between the two parties, or it’s large players (state-owned or otherwise) with lots of money offering the large pile of money. Trading platforms are also based on this principle.

And like any bureau de change, it pays in exchange fees between the two.

Learn how to identify and manage the risks associated with DeFi, as well as the best security practices for protecting your digital assets in this environment.

• What are the risks associated with DeFi?
• How do you choose a reliable DeFi platform?

DeFi is not without its risks. The volatility of cryptos exposes users to unpredictable fluctuations, security flaws can lead to significant losses, and the quality of smart contracts is crucial to avoid potential mistakes.

We advise you not to touch it if you don’t have enough time to devote to DeFi. It’s also the place where there are traps, drainers, social hacking, hacking on your hot wallet (software wallet), in short it’s the place where you need to be the most vigilant and it’s where many people often lose their cryptocurrency. That said, it’s possible that over the next few years, processes will become increasingly secure!

To choose a reliable DeFi platform, it’ s essential to check the project’s reputation, ensure its security through independent audits, and understand the transparency of its operation.

Careful assessment of these factors is necessary to minimize the potential risks associated with participation in the ever-changing DeFi ecosystem.

We’re still waiting for DeFi rating agencies, or even decentralized institutions, to tell Web3 users how serious decentralized platforms are. For the time being, it’s still a bit of a jungle, but there are some very reputable platforms where there are no worries whatsoever.

Some of the best-known:

1. Uniswap
2. Jup.ag
3. PancakeSwap
4. Curve
5. Osmosis
6. TraderJoe

Find tools, guides and other resources to deepen your understanding of DeFi and keep abreast of recent developments in this fast-moving field.

Wallets :

• Metamask
• Rabby
• Rainbow
• phantom
• backpack
• OKX Wallet
• Coinbase Wallet

DEXs :

• Pankaswap
• Uniswap
• 1inch
• SyncSwap
• Jupiter

Liquid Staking:

• Lido
• ether.fi
• Renzo

Yield Farming:

• Pendle
• ether.fi
• iZUMi Finance

Lending & Borrowing :

• Aave Protocol
• Compound
• ZeroLend

DeFi oracle :

• chainlink

Forum Discord :

• TheDiggers.

An NFT, or non-fungible token, is a unique and indivisible entity on a blockchain, guaranteeing exclusive ownership of an asset, whether digital, artistic or physical. Each NFT is distinct and traceable on the blockchain, ensuring the authenticity and rarity of the asset it represents.

Operation and use :

An NFT acts as a digital title deed for a variety of assets, including:

• Illustrations
• Digital files
• Contracts
• Music
• Profile image
• Membership card
• Concert tickets
• Fractions of works of art
• Film parts

NFTs can be used in a wide variety of ways. The crucial aspect of NFTs is that they confer a unique property on a digital object that, in the past, was easily copied ad infinitum (for example, by copying and pasting a file). This means that each NFT is unique and authenticated on the blockchain, ensuring that its holder has exclusive ownership of the asset represented.

NFTs are revolutionizing the way we perceive and exchangetitle to digital assets, providing a secure, transparent and verifiable solution for the ownership and transaction of unique and indivisible assets on the blockchain.

NFTs can represent a wide range of assets, including digital artworks, tweets, videos, virtual properties, video game items, stocks, contracts, and more.

The diversity of tokenizable assets makes NFTs a? versatile way of representing digital property.

The value of NFTs depends on several key factors:

Rarity

The rarer an NFT is, the higher its value tends to be. Rarity can be determined by unique features associated with the NFT, such as limited editions or special attributes.

Request

Buyer demand for a particular NFT directly influences its value. NFTs associated with well-known artists or popular projects may attract greater interest and therefore have a higher value.

Artist’s reputation or project quality

The reputation of the artist behind the NFT or the quality of the project with which it is associated can also influence its value. NFTs created by established artists or as part of well-designed projects often have a higher value.

Some NFTs offer special benefits that can increase their value

• Exclusive rights: Some NFTs come with exclusive rights, such as access to special events, unique experiences, or even meetings with the artist.
• Financial benefits (similar to dividends): Some NFTs offer outright financial benefits, such as gifts, airdrops (free distribution of crypto-assets), NFT babies or even sporadic income (dividends).

When it comes to the perception of these artistic NFTs, there are different perspectives:

Some see NFTs as investments in digital works of art, viewing them as unique expressions of artistic creativity.

And others see it as a speculative market: Others see NFTs as a speculative market, where values fluctuate according to speculation and demand, without necessarily being linked to the intrinsic value of the art or project.

Ultimately, the value of NFTs is subjective and can vary according to individual perceptions, scarcity, demand and other influential factors.

Regarding NFT copyright:

Some NFTs are subject to copyright and intellectual property rights, while others are not. It is therefore essential to understand the legal implications before creating or purchasing NFTs.

Respect for copyright

For certain works, the creation and sale of digital assets in the form of NFTs must respect the copyright associated with the work, if the author or creators so decide.

For example, the creators of CryptoPunks (YugaLabs) have maintained full control over their creations and have even sued certain holders (holdleurs) for copyright infringement. This has led to tensions between the holders of these NFTs and the creators.

Intellectual property transferred

However, in some cases, the creators of NFT collections, such as the Bored Ape Yacht Club, have chosen totransfer the entire intellectual property to their owners. This means that if you own the NFT, you have the right to reuse the image of the work as you wish, without infringing copyright.

It is therefore crucial for creators and buyers of NFTs to understand the conditions and rights associated with each work or collection of NFTs before engaging in transactions. This helps avoid legal disputes and ensures that copyright and intellectual property rights are respected.

It is also an evolution in the way we perceive digital properties, which have yet to evolve in our legal tools, which are not yet up to date. And that will surely be legislated in the years to come.

An NFT, or non-fungible token, is a unique and indivisible entity on a blockchain, guaranteeing exclusive ownership of an asset, whether digital, artistic or physical. Each NFT is distinct and traceable on the blockchain, ensuring the authenticity and rarity of the asset it represents.

Operation and use :

An NFT acts as a digital title deed for a variety of assets, including:

• Illustrations
• Digital files
• Contracts
• Music
• Profile image
• Membership card
• Concert tickets
• Fractions of works of art
• Film parts

NFTs can be used in a wide variety of ways. The crucial aspect of NFTs is that they confer a unique property on a digital object that, in the past, was easily copied ad infinitum (for example, by copying and pasting a file). This means that each NFT is unique and authenticated on the blockchain, ensuring that its holder has exclusive ownership of the asset represented.

NFTs are revolutionizing the way we perceive and exchangetitle to digital assets, providing a secure, transparent and verifiable solution for the ownership and transaction of unique and indivisible assets on the blockchain.

NFTs can represent a wide range of assets, including digital artworks, tweets, videos, virtual properties, video game items, stocks, contracts, and more.

The diversity of tokenizable assets makes NFTs a? versatile way of representing digital property.

The value of NFTs depends on several key factors:

Rarity

The rarer an NFT is, the higher its value tends to be. Rarity can be determined by unique features associated with the NFT, such as limited editions or special attributes.

Request

Buyer demand for a particular NFT directly influences its value. NFTs associated with well-known artists or popular projects may attract greater interest and therefore have a higher value.

Artist’s reputation or project quality

The reputation of the artist behind the NFT or the quality of the project with which it is associated can also influence its value. NFTs created by established artists or as part of well-designed projects often have a higher value.

Some NFTs offer special benefits that can increase their value

• Exclusive rights: Some NFTs come with exclusive rights, such as access to special events, unique experiences, or even meetings with the artist.
• Financial benefits (similar to dividends): Some NFTs offer outright financial benefits, such as gifts, airdrops (free distribution of crypto-assets), NFT babies or even sporadic income (dividends).

When it comes to the perception of these artistic NFTs, there are different perspectives:

Some see NFTs as investments in digital works of art, viewing them as unique expressions of artistic creativity.

And others see it as a speculative market: Others see NFTs as a speculative market, where values fluctuate according to speculation and demand, without necessarily being linked to the intrinsic value of the art or project.

Ultimately, the value of NFTs is subjective and can vary according to individual perceptions, scarcity, demand and other influential factors.

Regarding NFT copyright:

Some NFTs are subject to copyright and intellectual property rights, while others are not. It is therefore essential to understand the legal implications before creating or purchasing NFTs.

Respect for copyright

For certain works, the creation and sale of digital assets in the form of NFTs must respect the copyright associated with the work, if the author or creators so decide.

For example, the creators of CryptoPunks (YugaLabs) have maintained full control over their creations and have even sued certain holders (holdleurs) for copyright infringement. This has led to tensions between the holders of these NFTs and the creators.

Intellectual property transferred

However, in some cases, the creators of NFT collections, such as the Bored Ape Yacht Club, have chosen totransfer the entire intellectual property to their owners. This means that if you own the NFT, you have the right to reuse the image of the work as you wish, without infringing copyright.

It is therefore crucial for creators and buyers of NFTs to understand the conditions and rights associated with each work or collection of NFTs before engaging in transactions. This helps avoid legal disputes and ensures that copyright and intellectual property rights are respected.

It is also an evolution in the way we perceive digital properties, which have yet to evolve in our legal tools, which are not yet up to date. And that will surely be legislated in the years to come.

An NFT, or non-fungible token, is a unique and indivisible entity on a blockchain, guaranteeing exclusive ownership of an asset, whether digital, artistic or physical. Each NFT is distinct and traceable on the blockchain, ensuring the authenticity and rarity of the asset it represents.

Operation and use :

An NFT acts as a digital title deed for a variety of assets, including:

• Illustrations
• Digital files
• Contracts
• Music
• Profile image
• Membership card
• Concert tickets
• Fractions of works of art
• Film parts