Here I am going to share some types of Cryptocurrencies, why we should invest, and last which is the best app for trading cryptocurrencies.
Why Should We Invest:
The common reason to invest in cryptocurrencies is the desire for a reliable and long-term store of value. Crypto-currencies are a good investment if you have enough knowledge of all the coins and their price. And also if you are willing to accept a high risk which could pay off but also it is high risk that you could lose all the money. There are also some benefits of Cryptocurrencies i.e. the transaction cost is low to nothing when you transfer your digital coins wallet to you bank account. you can make the transaction any time 24/7 and also the purchase of any coins. It can become a good source of income.
Types of Cryptocurrencies:
2. Ethereum (ETH)
Ethereum is the cryptocurrency for the Ethereum network and it is an open-source blockchain upon which the developer builds the apps and other cryptocurrencies. It is the second-largest cryptocurrency behind Bitcoin.
3. XRP (Ripple)
It is a cryptocurrency and a digital payment method. The company started with the blockchain system.
4. Dogecoin (DOGE)
It is another type of cryptocurrency and it has emerged as a ‘doge’ internet meme, feature a Shibu Inu dog that went viral. It is founded in 2013.
5. Tether (USDT)
This cryptocurrency is previously known as ‘Real coin’ and was launched in 2014.
6. Cardano(ADA)
It is the type of cryptocurrencies network and an open-source project for creating a public blockchain for smart contracts. It is launched in 2017.
7. Polkadot (DOT)
It is the kind-proof of slack cryptocurrency that aims to provide blockchain.
8. Uniswap (UNI)
It is the cryptocurrency exchange protocol that is based on decentralized. UNI allows for automated transactions between cryptocurrency tokens and the Ethereum blockchain.
9. Binance coin (BNB)
BNB is the Ethereum based ERC20 token with a total of 200 quantity tokens was created.
10. Bitcoin Cash (BCH)
Bitcoin Cash is a cryptocurrency that was created as a fork of Bitcoin in 2017. The main goal of BCH was to allow a larger number of blockchains than BTC that allows more transactions and can be stored in a single block.
These are the top 10 cryptocurrencies that have been traded for a long time . The best cryptocurrency trading app is the “CoinSwitch Kuber” app with an easy deposit and withdrawal option. Where the investment starts from Rs 100 and also get enough information of all the cryptocurrencies market value for trading.