Beyond pfps: The many utilities of NFTs
We know you have your opinions on NFTs - these crypto world elements are impossible to ignore. We are also aware that not everyone is looking for a hexagonal twitter profile image (Oh hi Mark!). Consequently, as the web3 space keeps introducing NFTs into different spaces of its own, it
TDS on crypto trading
As per the Finance Act of 2022, from 1st July 2022, the sale of Virtual Digital Assets (VDAs) will be subject to Tax Deduction at Source (TDS) of 1%. Defy will be required to deduct this tax during trade execution and then file TDS returns with the income tax authorities.
Healthy practices to keep in mind while sending & receiving Crypto
Cryptocurrency sending and receiving is at the heart of the crypto-verse. While the majority of India is getting acquainted with UPI, sending and receiving crypto is still a very new issue for the general public, therefore sending and receiving crypto won't make much of an issue to the general public,
How to stake your Solana with Defy
What is Staking? Staking a cryptocurrency is kind of like putting your money in a fixed deposit. You simply lock your crypto tokens and earn a stable return on them. Unlike a traditional FD, staking does not have a minimum lock-in period, and you can deposit more crypto tokens to
How to add crypto to your Metamask Wallet
What is Metamask? Metamask is a cryptocurrency wallet that enables users to store & transfer ERC-20 tokens that they can either purchase on the platform or transfer from other exchanges. Metamask is one of the leading crypto wallets along with Exodus, MyEtherWallet, Trust Wallet, and several others. Metamask works both
How to Buy NFTs with Defy
What are NFTs? NFTs or Non-Fungible Tokens are unique, indivisible digital assets created on blockchains. An NFT’s uniqueness is proven by a distinct label that is created with the use of special cryptographic code, and this uniqueness makes it so that no token can be interchanged for another. This
How to Send & Receive Crypto
How do crypto wallets work? Every Cryptocurrency wallet has two keys- A private & a Public Key (which is the wallet address). The private key is supposed to be your identification and the proof for holding a wallet and enables you to send the cryptocurrency and finish the transaction. The
Instant Deposit and Withdrawal of crypto on Defy
With the dawn of cryptocurrencies since the origin of Bitcoin, crypto has been treated as just an investment opportunity and not an alternative source of payment. While we have a lot of crypto experts in the market who know what to do with their crypto, a majority still don’t
The power of communities and their impact in the cryptoverse
Web3 has brought the role of communities in building successful projects and initiatives to the centre stage. Bitcoin, Ethereum, Crypto Punks, Bored Ape Yacht Club, Pancake Swap and all other projects in the DeFi, NFT, and cryptoverse have been led and grown by communities. But that leads us to ask,
The world’s first decentralized ledger system was not the blockchain
For centuries money has been making the world go around in one form or another. When humans started living in settlements, communities would trade with one another, giving individuals an entirely new way of gathering wealth and facilitating the expansion of countless empires throughout history. There is no exact evidence
Introducing Defy Baskets
The caffeine shot your crypto needs Hey there! I'm Dhruva, the Product Manager here at Defy. When it comes to our money, our investments are always at the top of our minds. In fact, I'm sure that there's not a day when you wouldn't have thought about money. Even, for
Consensus Mechanisms : Uprooting Centralized Control of Information
Proof of Work (PoW) and Proof of Stake (PoS) are in tough competition to become the norm of achieving consensus in distributed networks. What is a consensus mechanism and how is it breaking big tech's information oligopoly?
Building a world for Beeples! How can the Bitcoin people change the creator economy?
We have only very recently experienced the power of the creator economy. What started out as a Youtube revolution about a decade ago created ripples in the market of ‘jobs’ that pushed what we know as traditional boundaries. But what started as just ripples came back to bite us in
You think cryptocurrency is not real. But how real is traditional money anyway?
The world of cryptocurrency is new to all of us. What was born out of the idea of defiance, however, is something that’s not. What’s the word on the street? Decentralized digital currencies also known as cryptocurrencies, and in particular crypto currencies like Bitcoin, have piqued the attention
Who’s laughing at Shiba Inu now? A look into how the coin soared past Bitcoin as the most viewed crypto
In 2021, the Shiba Inu token soared ahead of BitCoin as the most popular cryptocurrency. How did a memecoin achieve this feat and what does it tell us about the cryptocurrency market?