Crypto trading and investing are considered to be the most promising ways to earn money. And it has become very simple in today’s world as you can even buy bitcoin with debit card. Everything you should do is speculate on the prices of various cryptocurrencies. You do not even need to buy any extra expensive equipment. It doesn’t mean that crypto investing, as well as crypto trading, are trouble-free processes. Thus, it’s necessary to find a reliable exchange platform. Moreover, beginners do not know how to choose cryptocurrency to invest in. The thing is, there are thousands of available options you may find on LetsExchange, for instance. Therefore, it’s not a good idea to choose the first variant you see on the Internet.
Bitcoin (BTC)
You can hardly find a human who has never heard about Bitcoin. It’s a leading cryptocurrency. This digital asset is a perfectly reliable and long-term store of value. One of the most winning features of BTC is that there is a limited supply of coins. Therefore, it allows reaching almost zero levels of inflation.
Ethereum (ETH)
This digital asset is as trendy as BTC is. Moreover, it’s the number one choice when it comes to creating dapps. One of the largest pluses of ETH is the possibility to handle copious transactions with minimum energy less. In addition, the increasing number of ETH traders allows you to get greater profits thanks to the peculiarities of blockchain technology.
Dogecoin (DOGE)
This coin is a real newsmaker nowadays. At the same time, it should be noticed that investing in Dogecoin is not the best solution for long-term success. It’s an excellent variant to earn some extra money in a couple of years. Moreover, DOGE transaction fees are relatively low.
Cardano (ADA)
Cardano’s future is rather promising. It allows the development of smart contracts. They are to revolutionize the world of business, especially when it comes to legal issues. In addition, ADA is a more energy-efficient coin. The only significant drawback of Cardano is that it’s not very popular yet. On the other hand, it allows potential investors to buy coins at more favorable prices.
Binance Coin (BNB)
It’s a relatively young coin. Nevertheless, it’s an awesome utility token for the world-known Binance exchange. This digital asset has a high reward investment ratio. Moreover, it’s less volatile than other altcoins.
Uniswap (UNI)
This cryptocurrency can provide more real-time usage and value even than BTC. Now it’s the 11th considerable digital asset in the world. The most significant advantage of UNI that makes the coin extremely popular among users is cool liquidity pools.
Monero (XMR)
It’s one of the most rapidly developing and growing altcoins in the world. The major pluses of XMR are the top security and confidentiality of all users. To conclude, it should be highlighted that crypto investing is always a risk, even if you prefer BTC trading. You should always consider the so-called golden rule of crypto investing – you are to invest as much money as you are ready to lose. Anyway, if you are prepared to spend some time researching the digital assets market and learning the major investing strategies, you have all chances to become a successful investor. Thank you for visiting techfollows.com.
