Reddit Cryptocurrency. Information reigns supreme as one of the most important requirements for established and aspiring crypto practitioners. In light of this, crypto news and information platforms have remarkable inputs to the burgeoning crypto economy.
Owing to this revelation, it comes as no surprise that social networks have become integral to the community-based model that defines the crypto industry. Hence, the growing affinity of crypto practitioners to information portals like Reddit.
In this guide, we will explore the Reddit ecosystem, introduce you to some of its features, and recommend factors that should guide you when choosing a crypto subreddit. Afterward, we will break down our list of top crypto Subreddits and explain how we went about creating our premium review. What is Reddit? It houses a plethora of information, which the platform segments into different forums. Users, or Redditors, can share their thoughts and contribute to the platform by submitting links, sharing pictures, sending texts, or post videos.
Recall that we mentioned that Reddit houses discussion forums that concentrate on a particular niche. In the Reddit ecosystem, these forums are called Subreddits, and they come with special names that connote the niche or the specialty of the forum. As a registered user and member of Reddit categories, you have unlimited access to the over , Subreddits available on the platform, except for private Subreddits, which require additional admission procedures.
What About Crypto-Related Subreddits? Seeing that the crypto community has taken a liking to Reddit, crypto firms and information portals have also joined the bandwagon. Likewise, individuals or groups can create crypto Subreddits and establish a crypto theme for it.
How Does Reddit Works? Reddit has lots of features that enable a truly informative and satisfying experience. An unregistered visitor can access trending posts from various Subreddits on the home page, click the embedded link of the posts, or view full-sized pictures. Accompanying each post is an upvote or downvote tracker that shows you the number of positive and negative feedback the post has garnered.
In most cases, these buttons indicate the relevance of the post or comment on the topics at hand. Utilizing this tool is a simple way of informing other users that exploring a post is worthwhile or a complete waste of time. As expected, the Reddit search algorithm factors in the number of upvotes, as well as downvotes, while ranking the visibility of posts. In other words, the capacity of a post to garner more upvotes relative to its downvotes would determine whether it pops up on the homepage feeds or search results.
Furthermore, you can filter the content available on your frontpage by choosing from other tabs available on the site. While contributing to a Subreddit, be sure to follow the rules governing the conduct of its members. Each Subreddit has moderators who volunteer to set rules of engagement, picks designs, and have the responsibility of kicking defaulting members out.
For instance, some strict Subreddits may not fancy links and spam messages. And so, moderators may ban members found breaking such rules. Although these individuals are responsible for managing their respective Subreddits, the Reddit team governs the entirety of the platform. Hence, they have the power to remove moderators, ban users from contributing to the platform, and alter the governing rules of the platform as they deem fit. Reddit Supports Various Means of Communication One of the reasons why crypto practitioners love using the Reddit platform is because it allows users to post videos, links, texts, and pictures.
With this, users can pick the most suitable way to explain a situation and educate other members. This notion is particularly true for Subreddits, which members post crypto charts and crypto tutorials. They can either post videos directly or submit a link to a YouTube video. The Crypto Community on Reddit Are Voracious Consumers of Information Crypto firms and news platforms are aware that news probably filters through the Reddit platform faster than other social networks.
Hence, they have dedicated resources to tracking the happenings in crypto Subreddits to gain insight into the sentiments gaining steam in the crypto community. With this, they can gauge the type of services or contents that strikes a chord with the crypto community. Crypto Reddits is the right platform to build a strong personality in the crypto space Crypto experts contribute to different crypto Subreddits regularly, to boost their visibility.
They know that the more they post meaningful and insightful information relating to cryptocurrency, the more people would revel in their knowledge and trust their judgments. Inevitable adoption! Reddit made the announcement in an elaborate slideshow on May 13, These concepts sound familiar to crypto enthusiasts who are all about liberating themselves from the yoke of centralized monetary systems.
The Community Points system will ensure that members can collaborate on decisions and determine their own futures. Reddit describes Community Points as a way for Redditors to own a piece of their favorite communities. The tokens connote value and represent a unit of ownership. Users can use them to purchase premium features and double up as a measure of reputation within the subreddits. Community members earn rewards by submitting quality posts and comments.
The community decides how many points each person receives. Emphasis is on quality because these communities are mostly oriented around social news. The most relevant, informative, expert content has to get priority. Incumbent consumer web businesses should study Reddit's cryptocurrency initiative vs. These points exist on the Ethereum blockchain. Blockchain technology is decentralized, meaning that you have complete control over your Community Points.
Neither Redditors nor moderators can take away or decide what to do with the points you earn. Members can gift and transfer Community Points to other members. Besides, one can choose to tip another for a great post or comment, just like you would tip a delivery worker for excellent service. To ensure that your tokens are safe, Vault owners can store an encrypted backup of their private keys on Reddit.
However, this is not compulsory and only optional for people with a reasonable belief they might lose their private keys. MOONS has a fleshed-out inflation schedule. Their supply will decrease by 2. If you are not a member of the respective subreddits, the first step is obviously to sign up on the platform. Reddit is just like any other social media with a few distinctions. Most subreddits have rules of operation to maintain community standards and ensure the interaction on the platform is relatively civil.
Ensure you familiarize yourself with these subreddits rules to avoid getting in trouble with moderators. Members can create a cryptocurrency wallet for the ERC tokens. These tokens double up as Community Points on the platforms. To get your Vault wallet operational, scan a QR code through the official Reddit app. Once you have a functional Vault wallet, you can contribute quality posts and comments to these platforms to earn Community Points. Like every other cryptocurrency wallet, be extremely careful with the handling of your private keys.
Loss of private keys , either through hacking or willful negligence is the equivalent of losing your points. To earn Community Points, contribute to the subreddits, through posting, commenting, and moderating.
Cryptocurrency News & Discussion. r/CryptoCurrency. The leading community for cryptocurrency news, discussion, and analysis. M members • K online. Find the best posts and communities about Crypto on Reddit. Canada Set To Become Crypto Power House With The Introduction Of A New Cryptocurrency Bill. The 8 best subreddits for cryptocurrency and Bitcoin ; 8. r/BitcoinBeginners ; 7. r/OpenSea ; 6. r/Cryptocurrencies ; 5. r/Cryptotechnology ; 4. r/.