The 5 best cryptocurrencies to invest
Bitcoin (BTC)
Bitcoin, the pioneer, It is the main cryptocurrency and it is probably the most recommended when investing, as it sets a pattern of behavior for the rest of cryptocurrencies. It is one of the cryptocurrencies with the most future and has managed to position itself as a leader in the digital market, despite its numerous ups and downs as a result of its extreme volatility.
ethereum
It is not considered as a crypto itself, but as a platform based on blockchain technology. And that is precisely where its potential lies, since it is this decentralized network that allows operations to be fed with the currency of the network: the ether. Its market capitalization is around $497.6 million and its version 2.0 is already being worked on to make it a more secure and scalable network.
BinanceCoin (BNB)
This is the cryptocurrency exchange platform with the largest number of users in the world. It was released in 2017 thanks to an ICO that financed the development of the exchange. This fact is differentiating with many others, since it does not depend on venture capital companies. Today Binance is valued at more than 2 billion dollars: the largest in the market.
Tether (USDT)
It is a “stablecoin”, that is, it is backed by an equivalent amount of traditional currencies. It was born to be that link between official currencies and cryptocurrencies, in order to provide the latter with stability. This one in particular is linked to the US dollar with a ratio of 1 to 1 (1 Tether = 1 Dollar).
Cardan (ADA)
It was created by the former CEO of EthereumThe mathematician charles hoskinson and has its own cryptocurrency called ADA. The vision of the Cardano team is reconcile the needs of users with those of regulators with a view to having a greater financial inclusion, to provide open access to any financial service. Basically It is a platform in full growth and whose cryptocurrency has not stopped rising in recent times.
Methods to invest in cryptocurrencies
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Today there are four main methods to enter the world of digital assets and their transactions.
Buy the cryptocurrency
It is the most recommended methodsince the investment process is much simpler although, being essentially digital assets, dYou must make sure to store them properly with all possible precautions. It can be purchased physically on platforms such as:
- Centralized cryptocurrency exchanges.
- P2P shopping sites.
- decentralized exchanges.
- ATMs.
Invest in CFDs
You can also buy cryptocurrencies through the CFD brokers, fully regulated entities that must follow very strong security requirements. This is what makes many investors decide to bet on this method. When you invest in CFDs you do not do so in the asset itself, but in a derivative contract between the user and the broker. This makes the investment more secure from hacking or theft.
Through ETFs
Institutionalization was one of the most important events in the history of crypto. This is how another method to invest in cryptocurrencies was born: through the ETFs (Exchange Traded Funds) that are already being introduced in the market.
exchange platforms
They are web platforms and mobile applications that function as an intermediary between the user and the investment market. In this case, the cryptocurrency market is governed by multiple exchange platforms around the world that have licenses authorized by a government to operate within each country. In this method it is guaranteed thatTransactions made with fiduciary money and virtual money or assets (cryptocurrencies) are carried out centrally.
Source: Ambito
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