7 BEST CRYPTOCURRENCY TO INVEST IN 2021 YOU WON’T REGRET
Want to Invest in Cryptocurrency? – Still Not Sure Which Coin to Buy? This Article Is for You.
Some of us missed the chance of buying bitcoin when it came in 2009, we had another chance to buy it over the years but we were skeptical of its future. From a survey done by a Statistician in 2020, it was seen that those who didn’t buy it then are mostly scared of losing their money and it is still the same till now. Till this moment, many are still scared of the future of cryptocurrency, many still don’t know if in the nearest future it will just go down.
Not getting into this market now might make us feel guilty about losing a great opportunity just like that of bitcoin and that is why we have listed some of the best cryptocurrencies to invest in.
Right now, there are more than a thousand coins out there and the choice of which to invest in is the problem some of us are facing. Many of these concerns are what this article will give you a solution to.
Is Crypto a Good Investment? Reasons You Should Invest in Cryptocurrency
1. Cryptocurrencies Have Brought a Great Change to Our World
Since the launch of Bitcoin (the first crypto ever), thousands of tech advancements, innovations, and changes have already occurred in the beautiful world of cryptocurrency trading.
When cryptocurrencies came, changed financial systems to a point of no return, making transactions easier only at low costs and fast processing times.
The wonderful thing is that the duty of central banks is reduced, giving investors the freedom they need and control over their financial data and money.
Guess what, cryptocurrencies are here to stay and are worth investing in. 2009, just a coin was listed (bitcoin), now, there are over 5,000 cryptos to invest in out there. If a company started running just 10 years ago and after about a decade, there are thousands of branches, do you have any other doubt in buying their shares? Of course not.
2. Cryptocurrencies Has a High Liquidity
The high liquidity makes it easy to buy and sell cryptos. For instance, there’s always a high demand for bitcoin. Analysis shows that the number of crypto wallets in 2020 has increased to more than 53 million.
It’s not only ambitious investors and big businesses that are ready to buy and sell cryptocurrency. Crypto trading today is highly accessible.
After all, cryptocurrency trading is not some kind of rocket science or a mysterious venture reserved for the big whales in the industry. You can also become a part of the world of crypto investing today!
3. Cryptocurrencies Has Little Capital Entry
While some types of investment, such as real estate, need a lot of initial capital to start investing, cryptocurrency is different. Isn’t that a great reason to invest in cryptocurrency if you don’t have much capital at hand?
You do not need big sums to start buying and selling cryptos. You can start trading for as little as $100.
4. Cryptocurrency Gives You Independence & Flexibility
Any coin you invest on, your crypto money is only yours. As said above, cryptocurrencies do not rely on banks that charge you fees just to hold your money.
Moreover, the market is open 24/7, so you do not need to worry about opening times; you can choose when and how you want to buy and sell.
When Is the Best Time to Invest in Cryptocurrency?
There is never a better time to invest. If you want to wait for the price to get lower before you buy, remember some people already bought it at another lower price before that time. So, if you buy at a certain price, in just some moments, it won’t be that same price again.
Here’s what I mean:
I will use bitcoin again because many of us missed the opportunity when it came. 2010, a bitcoin was not up to $1 but after a year, it grew above $1.
Some didn’t still buy it because they wanted it to go below that price before buying and now, it’s priced at $36,101 as of June 1, 2021.
So, don’t be like those who wanted the market to crash to the lowest price before getting into the trade. Now is the best time to invest!
Some of the Best Cryptocurrency Trading App That Is Tested and Trusted
There are many trading apps out there that are genuine and reliable. The platforms mentioned in this article are those that have been tested and used personally.
What to Look For in a Cryptocurrency App:
• High-Level Security
cryptocurrency transactions are very difficult to trace. Once you make a transaction between wallets, it’s impossible to get your money back. Due to the decentralized nature of the blockchain, it makes it impossible to know who owns the wallet you transacted with.
Before you download any exchange or wallet app, check the company’s safety features. Look for 2-factor authentication and back-end encryption to secure your coins.
• Real-Time Data
The markets are always moving. It’s possible to go to sleep and see a coin move up by 30% — or lose half of its value. You must be up-to-date, must have minute-by-minute information because crypto data might have been replaced by something newer much faster than information on stocks or fiat currencies.
For this, you must use an app that has real-time data and information. This ensures that you’re not using obsolete information to inform your trading and investing decisions.
Here Are Some of the Best Trading Apps:
There are a handful of trading apps for crypto traders but the goal of this article is to give you that major information you need not bore you with words. For this, we will talk about Exchanges, Wallets, and Portfolios.
Here is the most popular type of cryptocurrency app, exchanges allow you to buy and sell cryptocurrencies using USD, BTC, ETH, and many other currencies. You can easily connect your bank account through ACH, or use your credit or debit card to buy crypto.
List of the Best Cryptocurrency Exchanges Apps You Can Use:
1. Coinbase (Best Overall)
Fees: Ranges between $0.99 and $2.99 (depending on the dollar value of the purchase).
This is the most widely used cryptocurrency exchange in the United States. Coinbase was founded in 2012, just a few years after the release of Bitcoin’s code in 2009.
• Variety of altcoin choices (altcoin are other cryptocurrencies other than bitcoin)
• A simple user interface
• Very high liquidity
• High fees when not using Coinbase Pro
• The user does not control wallet keys
2. Cash App (Best for Beginners)
Fees: Cash App charges a service fee for every transaction. The fees change depending on the market’s activity.
Cash App can act as a bank account and the users can have their own Cash App debit cards. The great news is that Cash App has even more features.
• Peer-to-peer money transfer like Zelle
• Ability to withdraw Bitcoin
• Simple user interface
• Allows only Bitcoin investment at this time and no other cryptocurrencies
• 3% charge when you send money through a linked credit card
• Withdrawal limit of $2,000 worth of Bitcoin every 24 hours and $5,000 every 7 days
3. Binance (Best for Altcoins)
Fees: 0.1% for the taker and maker sides. Using Binance’s native cryptocurrency, BNB reduces fees by 25%.
• Reduced fees than other commonly used exchanges
• A large variety of cryptocurrencies and trading pairs
• An advanced charting
• Geared for more advanced users
• Binance US has fewer trading pairs than its international counterpart, though it still has over 100 trading pairs
• 7 U.S. states, including New York and Texas, are not supported by Binance US
A cryptocurrency wallet stores the private key needed to unlock funds from your wallet address on the blockchain. Expert traders are against holding your coins in an exchange platform if you don’t plan on using them for day trading, therefore, the best practice would be to have a hardware wallet, like the Exodus or Ledger Nano X for long term security, and a wallet like Coinbase Wallet to store funds allocated to trading.
List of the Best Cryptocurrency Wallets You Can Use:
All features are mentioned above
All features are mentioned above
Works on desktop and mobile with an easy-to-understand user interface and an exchange built-in. One most popular features are the ability to swap between a growing number of cryptocurrencies. Exodus currently permits swaps between over 100 different cryptocurrencies.
• Variety of cryptocurrencies
• Built-in exchange
• Reliable customer support
• Closed source software
A cryptocurrency portfolio tracker is an app that shows your real-time information on multiple cryptocurrency prices. Any exchange app will have this information but having an individual tracker app that does justice to only that can also be beneficial.
List of the Best Cryptocurrency Portfolio Trackers You Can Use:
1. Crypto Pro (Best for iPhone, Mac & Apple Watch)
With Crypto App, you can create custom widgets and have access to all traded cryptocurrencies and other major exchanges. Crypto Pro is best for users concerned with privacy as they don’t track any user activity like portfolio size or viewing habits.
2. Delta Crypto (Best for App Addicts)
Delta works on iOS and Android app. Their design is perfect, with a clear interface look and an attractive “dark mode” that’s useful for low-level lighting and users with visual limitations.
7 BEST CRYPTOCURRENCY TO INVEST IN 2021
Now that you have all the foundational knowledge you need, here is a list of the top 7 cryptocurrencies to invest in right now.
Here’s the king of all cryptocurrencies, Bitcoin. Despite the volatility of the market, Bitcoin is the most stable of all. You can’t talk about cryptocurrency without mentioning Bitcoin, Bitcoin’s popularity, demand, and adoption are expected to continue growing in the coming years. With many companies accepting Bitcoin as payment, it has come to stay.
Bitcoin’s price as of today: $36,230.50
It allows individuals to make payments or transactions anywhere in the world with low charges. Like Bitcoin, Litecoin is decentralized (i.e. there’s no centralized authority, building, or headquarters for it).
For miners, mining a Litecoin will be faster and easier than any cryptocurrency as the average time for a Litecoin is just two minutes. The rate at which this coin has grown makes it the best of the rest in all the altcoins.
Litecoin’s price as of today in USD: $ 179.44
3. Binance Coin
If you wish to diversify your portfolio, you’re welcome to Binance Coin. You can use the coin to buy other cryptocurrencies on Binance Exchange. Also, Binance Exchange is among the fastest-growing cryptocurrency exchanges in the world, and using the Coins to perform transactions on the platform has made it stronger.
Binance Coin’s price today in USD: $663.96
Ripple gets on this list because it’s quite different from the rest of the cryptocurrencies on this list. Ripple XRP is one of the world’s foremost cryptos – and one of the most interesting to watch.
Unlike Bitcoin and other big names, it does not market itself with its decentralization. Instead, the cryptocurrency is largely linked with several banks and investment companies worldwide.
Ripple’s price today in USD: $ 1.058
Ethereum has become a very popular cryptocurrency alternative to Bitcoin over the last year. However, like Bitcoin, Ethereum has also been adopted by many companies as a way to transact.
Ethereum has maintained its position in the top cryptocurrencies of all time ever since and has some investors behind its popularity who vouched for this cryptocurrency. This simply means Ethereum has a better chance of remaining stable.
Ethereum’s price today in USD: $2,584.37
It’s quite amazing to see Doge still stand strong after not been taken seriously. Elon Musk called himself the “Dogefather” which promoted this cryptocurrency further. Many still doubt if this coin is legit, well, Dogecoin continues to have its share of market value.
In April 2021, Dogecoin hit its all-time high of $0.2917. Elon Musk’s SpaceX has announced that it accepts Dogecoins as a mode of payment which makes the coin a good choice to invest in.
Dogecoin’s price today in USD: $0.327
7. Bitcoin Cash
Bitcoin Cash can be a good investment and a great way to diversify your portfolio. It has a market capitalization of $ $13,084,414,831.61 and a 24-hour trading volume of $3.29B -3.78%, at the time of writing, which makes Bitcoin Cash one of the top 10 traded cryptocurrencies presently and one of the most-eyed cryptocurrencies by big-time investors.
Bitcoin Cash’s price today in USD: $679.08
There are other cryptocurrencies out there that also have a good future but the 7 listed above are the ones I did complete research on before concluding.
As I said earlier, there is no other time to get into the crypto trade than the minute you are reading this. If you read this post 3 months after publishing this article, it is still the best time to invest.
We have been slow in taking decisions back then in 2009 when Bitcoin was listed but the good news now is that such won’t happen again as we will all enjoy this national cake of cryptocurrency.
Following this advice will make you remember in a few years that, “Yes,” you took the best decision in investing not just in the crypto market but in the best cryptocurrencies.