1. Cottage coins are any cryptocurrency that is not part of Bitcoin ...... and, as you know, it describes numerous cryptocurrencies. So, there are indeed many options. However, many of them are junk. Many of them have little or no trading volume. Many of them will not generate any revenue until they fade into oblivion.
   (1) What is a cottage coin
   This term cottage coin goes back a long way. When Bitcoin first started to catch on and news about it first appeared in the media, there were many digital currencies on the market that imitated Bitcoin. These digital currencies were basically uninnovative compared to Bitcoin, some simply changed the total number of issues, for example, from 21 million to 100 million 200 million, or shortened the block confirmation time a bit, or or make the block size a little bigger.
   It's fine if it's necessary for market development, but more people just use these small changes to create a new coin and then raise money from the market. This kind of behaviour was so disgusting that people called these coins cottage coins, and that's how cottage coins came to be known.
   These coins, including BTG, BCD, SBTC and other forks of Bitcoin, are all forks of Bitcoin and have no real value other than to raise money.
   (2) Why invest in cottage coins
   Cryptocurrencies are created for a variety of reasons. Some cottage coins are mission-based, such as ethereum (to pay for transactions) or banana coins (to raise funds for banana plantations in Laos).
   Cottage coins are a viable investment alternative to Bitcoin. Tokens with strong, well-defined use cases and uses are likely to grow in the future, making them an excellent choice for cryptocurrency diversification. However, be cautious when investing in cottage coins as the market is still relatively young and unpredictable.
   (3) Categorisation of cottage coins
   Stable coins: Stable coins are cryptocurrencies designed to maintain a relatively stable value and are usually pegged to assets such as fiat currencies or precious metals. They are popular because they can replace bank accounts and enable affordable and fast cash transfers.
   Security tokens: Security-based tokens represent ownership of certain digital assets, like a digital version of a stock or bond. They are also commonly used as investment vehicles.
   Payment tokens: Payment tokens are mainly used to replace fiat currency in transactions.
   Utility tokens: Utility tokens perform specific services within their network, such as purchasing services, redeeming rewards or buying storage space.
   Meme coins: Meme coins are often made as a joke or parody of other cryptocurrencies. However, the value of these digital assets may exceed their initial humour, as evidenced by the 2021 'modal coin season' when the value of dog coins rose dramatically.
   Governance tokens: Governance tokens are used to grant voting rights in a decentralised autonomous organisation (DAO). Token holders have the right to vote or create initiatives that affect the way the DAO operates.
   (4) How to pick a cottage coin
   Cryptocurrency Fundamental Analysis involves looking at and evaluating all the information available on cryptocurrencies. It involves looking at cryptocurrency use cases and their networks, as well as the teams behind the projects to fully understand and evaluate the best cottage coins to buy.
   When analysing cottage coins or any cryptocurrency, the goal is to understand whether the asset in question is overvalued or undervalued. Assets that are overvalued should be avoided, and assets that are undervalued are more desirable. This is because an overvalued asset may underperform and fall back to its real value. On the other hand, undervalued assets have greater growth potential and are consistently profitable.
   A thorough analysis will help you make the best decisions regarding your investment decisions.
   Step 1: Analyse the white paper and find the value proposition
   A careful examination of the token's whitepaper will provide a lot of relevant information, such as its use cases, objectives and the team's vision for the project. The whitepaper must give you a clear understanding of how the cottage coin will provide value to its users. The cottage coin's value proposition can guide you as you continue to analyse additional information about it.
   Step 2: Look for increasing demand and stable (or decreasing) supply
   Looking at supply and demand is one of the best ways to assess your next crypto investment. Now that you have a clear understanding of how a cottage coin adds value to its users, it's time to see how it navigates supply and demand. In short, cottage coins should have incentives to keep supply down or stable in a way that promotes increased demand. When demand exceeds supply, the price will rise, driving more demand.
   Step 3: Assess the team and stakeholders behind the project
   Now that you have a good idea of what the project can offer, it is also important to thoroughly assess the team behind the project. You can find information about the team in the project's white paper, but you can also try to research them independently. You can check out the team pages on the official project website and their LinkedIn profiles which should be public and accessible to all.
   When researching the background of each member, ask the following questions.

• Have they been involved in other reputable and successful projects in the past?
• What are their credentials?
• Are they a well-known member of the crypto community and blockchain ecosystem?
  The goal is to determine if the team behind the project is experienced and made up of experts who know what they are doing. You can supplement your research on this by checking out the on-chain analytics platform and Blockchain Explorer. You can also browse their social media profiles or check Twitter to see what conversations they are involved in.
  (5) How to buy cottage coins
  On most exchanges, cryptocurrencies are paired with bitcoin or ethereum. You will need to exchange them for torrents. In some cases, you will need to register and transfer cryptocurrencies between certain exchanges to get what you want. On the other hand, it's a relatively simple process and the rewards often outweigh the problems. Here's an example of how to buy your first cottage coin on Coin
  You can build a diversified portfolio by purchasing cottage coins such as Coin On, which is a versatile utility token.
  ①Log in to your Coin On account, hover over [Buy Coins] and click on [Credit/Debit Card].
  ②In the next step, choose from a variety of cryptocurrencies. The legal tender chosen must also be accurate.
  ③Fill in your bank card details, then buy the cryptocurrency and wait for it to arrive.

1. The content introduced above is only about the basics of cryptocurrency, which is related to whether we can make money through cryptocurrency. Cryptocurrencies make money not only by scientific methods to increase income, but also by finding ways to save money. The handling fees are small, but they must not be ignored. I have calculated that with frequent transactions and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will introduce a few common ways to reduce fees on large trading platforms.
   (1) Lowering Binance's fees
   Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee is deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT.
   Example.
   You place an order for 10Ethereum at a price of USD3,452.55 per share.
   Transaction fee = 10Ethereum0.1% = 0.01Ethereum
   Or you place an order to sell 10Ethereum at 3,452.55 USDT per share.
   Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT
   What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must register using the invitation link below or use the invitation code "Q022W7SC".
   https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees
OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced.
Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day.
When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level.
First method: OKX has an official maximum saving of 20%. Use the link below to register with OKX and save 20% on fees.
https://www.ouyi.business/join/BTC1ETH
Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom.
Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage.
(3) Reduce FTX fees
FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register.
https://ftx.com/referrals#a=121031692
3, trading road is long, together with forward
Want to know more about how to reduce the commission?
telegram: btcethcool
We have set up a community dedicated to researching trading, add telegram friends to pull you into the community.