If you’re interested in investing in cryptocurrencies, but aren’t quite sure how to do it yet, don’t worry; we’ve got you covered. If you want to get started with cryptocurrency investing or just want to learn some tips and tricks about the best ways to invest in cryptocurrency, then this article is the perfect place to start! The following are the ten best ways to invest in cryptocurrency, so if you’re looking for advice on where to begin, keep reading!
1) Bitcoin
Bitcoin is a cryptocurrency and worldwide payment system. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain, which uses bitcoin as its unit of account. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
2) Bitcoin Cash
Bitcoin Cash is a decentralized peer-to-peer electronic cash system and an improvement on the Bitcoin Core protocol. It is fully decentralized, with no central bank and requires no trusted third parties to operate. The design of Bitcoin Cash allows it to handle high volumes of transactions, with speeds and fees that are affordable for everyday use.
3) Ethereum
Ethereum is a cryptocurrency and blockchain with smart contracts functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM). The EVM allows anyone to execute code of their own design on the blockchain without any privileges or restrictions. Ethereum also features its own cryptocurrency called ether, which can be transferred between accounts and used to compensate participant nodes for computations performed.
4) Ripple
Ripple is a payment system for banks, financial institutions and other companies that is built on blockchain technology. It can process transactions much faster than Bitcoin because of its centralized nature. Ripple’s cryptocurrency is called XRP and can be traded on most exchanges.
5) Litecoin
Litecoin is a peer-to-peer internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
6) Dash
Dash (formerly known as Darkcoin) is a privacy-centric cryptocurrency that aims to be the most user-friendly and scalable digital currency. Dash offers instant transactions, private transactions, and operates a self-governing and self-funding model that enables it to pay individuals and businesses for work that adds value to the network. This means anyone can participate in the Dash network, either by running a masternode or by staking coins in order for specific tasks such as InstantSend or PrivateSend.
7) Monero
If you’re looking for a currency that is less popular and has a smaller market cap, then Monero might be the right choice for you. Monero is also known as XMR, and it’s an open-source digital currency that focuses on privacy, decentralization, and scalability. One of the major advantages of Monero is its anonymity.
8) IOTA
IOTA is a public distributed ledger, or cryptocurrency, that does not use a blockchain. Instead, it uses what’s called the Tangle. The Tangle is based on a Directed Acyclic Graph (DAG). IOTA has many other benefits over both blockchain and DAG cryptocurrencies. For example, it can be used with any type of currency or tradeable asset; it supports microtransactions with no fees; and transactions are settled almost instantaneously.
9) NEO
NEO is a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, automate the management of digital assets using smart contracts, and realize a smart economy with a distributed network. It aims to create a smart economy where all assets are digitized and can be managed through electronic means. NEO is one of the most well-known projects in the cryptocurrency world right now.
10) EOS
EOS is an open-source, decentralized operating system and smart contract platform that was designed specifically for the blockchain. It provides a platform for developers building apps on the blockchain such as social media platforms, games, banking services and more. In addition to providing shared processing power for dApps (decentralized applications) EOS also provides database storage and guaranteed bandwidth.