Cryptocurrency has the world and the world wide web quite entranced nowadays. If you’ve found yourself looking for tips on how to invest in cryptocurrency, you certainly aren’t alone–a survey from November of last year revealed that 16 percent of Americans are investing in cryptocurrency for a variety of reasons, including its accessibility and potential ROI.

And those things are only a few of the benefits of investing in crypto in comparison to traditional forms of investing. But as a first-time cryptocurrency investor, you should recognize that “crypto for beginners” is a bit of an oxymoron–to invest smartly and safely, you should first do some reading to know the basics. Check out our recent blog on need-to-know definitions for investing in cryptocurrency.

With that terminology under your belt–or in your brain–you might be wondering: what is the best crypto for beginners? Read on for some info on some common cryptocurrencies to give you a better idea of where to invest and click here to learn which currencies are available on our gasless cross-chain platform.

  • Bitcoin (BTC): As far as cryptocurrency is concerned, Bitcoin remains a household name. The first-ever cryptocurrency created, Bitcoin is currently priced at over $44K and is expected by experts to top $110K within the next five years, making it a worthwhile investment. Additionally, Bitcoin runs on the blockchain, and transactions are verified via “proof of work,” making it a safe investment for any new crypto investor.
  • Bitcoin Cash: A fork of Bitcoin, Bitcoin Cash debuted in April 2017 to accommodate larger block sizes compared to Bitcoin, allowing more transactions in a single block, and increasing overall transaction time for users. One of the original investors in Bitcoin Roger Ver AKA “Bitcoin Jesus” trumpets Bitcoin Cash “as a robust and reliable medium of transaction that has great utility in paying for things.” 
  • Ethereum: Launched in 2015, Ethereum is a decentralized, open-source cryptocurrency platform. Ethereum boasts high processing speeds and is notorious for its smart contract capabilities and global presence, allowing investors all over the world to use ether (the currency) to perform several functions. Ethereum–or ether–is currently priced at about $3K–however, experts expect a major increase in its value as the platform is currently undergoing a significant upgrade.
  • Cardano: Created by the founders of Ethereum, Cardano also employs smart contract technology, ensuring that all transactions on the platform are secure. The currency, ADA, is currently priced at about $1.20, making it an extremely affordable option for beginner crypto investors.
  • us: is a US-based platform of its Chinese parent company Binance, which was founded in 2017. It is one of the most financially accessible cryptocurrency trading platforms, requiring a minimum balance of only $10 and charging some of the lowest exchange rates on the market. Exchange fees decrease for users who invest directly in Binance Coin. Beyond that, the platform allows users to invest in over 50 different cryptocurrencies and features “beginner” and “advanced” settings that users can toggle according to their trading abilities. However, Binance is not available in all states, and its parent company has faced regulatory scrutiny in the past.

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