This article helps you choose the 10 best cryptocurrencies you can invest in in 2021. But before that, we can see,Top 10 Best Popular Cryptocurrencies
Best Cryptocurrencies to Invest in 2021
After the pandemic, many people are talking about digital currencies and their impact on the major platform market. Most of the digital trading platforms have cryptocurrencies as their number one priority for their users. More profit can be made by trading the digital currencies on any popular crypto exchange platform like Binance, Coinbase, LocalBitcoins, etc.
Many cryptocurrency investors, startups, and companies invested their money in major cryptocurrencies for more profit. If you are investing your money in any crypto coins now, you will make more profit in the days to come. But some people still don't know about cryptocurrencies and its crucial impacts in this digital age.
Many cryptocoins investors are starting to look forward to 2021. As of now, there are many different altcoins available in the crypto market. So now you may ask yourself: what will be the best cryptocurrency to invest in 2021? Even many traders, startups, and investors don't know which cryptocurrencies to invest in for huge amounts of profit in 2021.
This article helps you choose the 10 best cryptocurrencies you can invest in in 2021. But before that, we can see ...
The Top 10 Best Popular Cryptocurrencies to Buy or Invest in 2021
Here we list the best digital currencies that you can invest in 2021 to make more profit on crypto trading platforms.
- USD Coin
- Bitcoin cash
All About Cryptocurrencies
Cryptocurrency is a digital currency that can be used in all digital trading platforms. It will be available only in digital format so you can not touch or feel it. You can trade digital assets using cryptocurrency in a hassle-free manner. The first invented cryptocurrency is bitcoin and developed under powerful blockchain technology. So only this crypto is known as bitcoin and other digital currencies are said to be altcoins.
The word ‘crypto’ in the cryptocurrency refers to complex cryptography. That allows the creation of altcoins for the transaction in the decentralized peer to peer ecosystems. The important note is – Normal people can not develop a digital currency only experienced developers with in-depth knowledge of blockchain technology can create a cryptocurrency.
In general, Cryptocurrencies plays a vital role in cryptocurrency exchange platforms. In those platforms, users buy, sell, and trade cryptos easily in a hassle-free manner. In this current time, many big companies and industries have started accepting some popular cryptocurrencies as their payments. This made many startups and entrepreneurs trade popular cryptocurrencies from diverse exchange platforms.
As for now, there are more than 3000+ cryptocurrencies present in the marketplace. So you might get confused about which cryptocurrency to invest in – right?. So here we suggest the best 10 cryptocurrencies that you can invest in 2021.
Top 10 Best Popular Cryptocurrencies to Invest in the World
Bitcoin has been around for a long time, which is why it is considered synonymous with cryptocurrency. It is not difficult to understand why it is dominating the market, with a much higher price, market cap and volume than other cryptocurrencies. With so many competitors in the market, Bitcoin is the cryptocurrency with the highest upside potential, as it owns 40% of the cryptocoins market capitalization.
- Current Price: US$37,862.10
- Market Cap: US$706,697,402,523
After Bitcoin, it is the second largest cryptocoins in terms of market capitalization and is the most promising cryptocurrency to invest in. It has also witnessed a productive year so far with steady market gains from December 2020 to April. It is recovering steadily after the heavy blow in May.
- Current Price: US$2,352.28
- Market Cap: US$272,639,015,024
Tether was introduced in 2014 and is one of the top cryptocoins that is pegged to the US dollar. Tether is a blockchain-based cryptocurrency whose cryptocurrencies are sponsored by an equivalent amount of conventional fiat currencies held in a predetermined bank account, such as the dollar, the euro, or the Japanese yen. Tether is the third largest cryptocurrency by market capitalization and the smartest cryptocurrency to invest.
- Current Price: US$1.00
- Market Cap: US$62,570,407,983
Binance is one of the cryptocurrencies that peaked after 2017. That year was a fruitful year and the price of all cryptocurrencies went up. However, later the price dropped in value. Due to its consistent performance, Binance Coin has proven to be one of the most stable investment options, with the least risks. It is the most profitable cryptocoin to invest in.
- Current Price: US$355.22
- Market Cap: US$54,259,154,235
Cardano is a type of cryptocurrency network and open source platform with the intention of making a public blockchain platform for smart contracts. The reason it is the most invested cryptocoins is that it takes less energy and power to complete a transaction with Cardano than with a larger network like Bitcoin. This ensures faster and cheaper transactions.
- Current Price: US$1.49
- Market Cap: US$47,277,746,955
Dogecoin is a cryptocurrency that was established as a joke by software programmers Billy Markus and Jackson Palmer, who wanted to joke about the widespread growth of cryptocurrencies. In May 2021, SpaceX declared a Dogecoin-backed Moon ride, making it the first cryptocurrency-funded space trip. This has made Dogecoin very popular and it is also one of the cheapest cryptocoins to invest in.
- Current Price: US$0.3043
- Market Cap: US$39,421,862,831
XRP, the digital token created by Ripple, made headlines in April 2021 for beating Bitcoin and Ethereum as it made impressive market gains than other cryptocoins on the market. Therefore, many people were quick to invest in Ripple, making it the 7th largest cryptocurrency in terms of market capitalization and the most profitable cryptocurrency to invest in.
- Current Price: US$0.8441
- Market Cap: US$38,979,326,666
This cryptocurrency was meant to pay certifiable investors and weed out people who are simply trading on the stock market to make money quickly. Polkadot plans to simplify the creation and connection of applications, utilities and decentralized companies.
- Current Price: US$22.39
- Market Cap: US$21,293,769,220
USD Coin (USDC)
USD Coin (USDC) addresses a significant transformation of how we use money. Digital dollars work like other digital items, they move at the speed of the Internet, they can be exchanged as we share content, and they are less expensive and more secure than existing payment systems.
- Current Price: US$1.00
- Market Cap: US$23,882,671,306
Bitcoin cash (BCH)
Bitcoin Cash makes a place in this roundup due to its ability to process transactions quickly with very low fees. This crypto offers scalability, suggesting that its ability to grow later is immense. Now is the ideal time to invest in Bitcoin cash as prices are low.
- Current Price: US$593.29
- Market Cap: US$11,134,086,630
Best Cryptocurrency Exchanges to buy or invest in 2021
Some great cryptocurrency exchanges for beginners are Coinbase, Cash App, Binance, and Bisq. While Binance is a good option if you already use the platform for stocks, the exchange does not allow you to send or receive cryptocurrency on the app, limiting what you can do with your investment.
We recommend Coinbase for those just starting out in crypto. The platform is possibly the safest way to buy cryptocurrencies, and the user interface is simple and easy to learn. Additionally, Coinbase has a unique cryptocurrency conversion feature that allows you to trade altcoins on its exchange for free. It also supports the top 6 cryptocurrencies on this list.
Best Cryptocoins Exchanges of 2021
- Coinbase and Coinbase Pro
- Cash App
Coinbase and Coinbase Pro
Fees: Between $0.99 and $2.99 depending on the dollar value of the purchase.
The best known and most widely used cryptocurrency exchange in the United States is Coinbase. Coinbase was founded in 2012, shortly after the release of the Bitcoin code in 2009, and is a fully regulated and licensed cryptocurrency exchange. Coinbase is currently licensed to operate in more than 40 US states and territories.
- Solid variety of altcoin choices
- Extremely simple user interface
- Very high liquidity
- High fees when not using Coinbase Pro
- User does not control wallet keys
While the cryptocurrency industry has been plagued with fraudulent coins and shady exchanges, Coinbase has largely avoided any controversy. Coinbase offers an extremely user-friendly exchange, greatly lowering the barrier to entry for investing in cryptocurrencies, which is generally considered confusing and complicated.
Coinbase also offers secured custodial portfolios for investors and traders to store their investments. They have insurance against data breaches and hacking, and their cash is stored in FDIC-insured bank accounts. These custodial accounts are very convenient for newer users who are just getting their feet wet, but the private keys to the coins they contain are owned by Coinbase, and not the investor.
Furthermore, Coinbase also offers the free version of Coinbase Pro which has a different, but cheaper fee structure, and many more options in terms of charts and indicators. Coinbase Pro is the perfect next step for those who have learned the basics of using Coinbase, and it helps round out the overall offering by adding features that the more advanced user would like.
Open Acount on Coinbase - Click Here
Fees: Cash App charges a service fee for each transaction. It also charges a fee determined by price volatility. These rates change based on market activity.
Cash App is a peer-to-peer money transfer system like Venmo. This type of service allows users to split food, pay rent to a roommate, or even shop online at a retailer that supports Cash App. Cash App can essentially act like a bank account and users can have their own cards. Debit Cash App. This service is very convenient on its own, but Cash App has even more features.
- Peer-to-peer money transfer like Venmo or Zelle
- Ability to withdraw Bitcoin
- Extremely simple user interface
- Only allows Bitcoin investment at this time and no other cyrpto currencies
- 3% charge when sending money via a linked credit card
- Withdrawal limit of $2,000 worth of Bitcoin every 24 hours and $5,000 every 7 days
Cash App also allows its users to invest in stocks, ETFs and cryptocurrencies in a similar way as Robinhood does. The mobile-first interface that this exchange uses is very easy to discover and use, making it ideal for a first-time investor.
While it offers a payment system like Venmo and an investment platform like Robinhood, Cash App differs in that it allows the user to withdraw cryptocurrency investments to their own wallet. This is the main reason we chose Cash App over Robinhood as the best option for beginners looking to buy Bitcoin.
The ability to withdraw cryptocurrency from an exchange is extremely important in the cryptocurrency community. With Robinhood, you can invest and trade cryptocurrencies, but you cannot withdraw and spend as you wish. Many in the crypto community refer to this concept as "not your keys, not your currency." This means that if you don't have the private keys to the wallet the coins are stored in, they are not actually owned by you.
Open Acount on Cash App - Click Here
Fees: 0.1% for the buyer and 0.1% for the manufacturer. This is reduced with the trade volume to 0.02% for both sides of the trade. Using Binance's native cryptocurrency BNB reduces fees by 25%.
The Binance exchange is an exchange founded in 2017 with a strong focus on trading altcoins. Binance offers more than 100 different trading pairs between different cryptocurrencies. It also offers many fiat-crypto pairs.
- Lower fees than other commonly used exchanges
- Large variety of cryptocurrencies and trading pairs
- More 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
As of April 2021, Binance dominates the global trading space, accounting for a significant portion of the daily crypto trading volume. The exchange only allows US dollar deposits by global users via SWIFT, but allows you to directly purchase a select number of cryptocurrencies with a credit or debit card. Deposits are allowed using 19 other fiat currencies, including the euro.
Binance is suitable for people who want to trade or invest in lesser known altcoins. Binance offers more than 50 different cryptocurrencies to trade and is a good option for anyone who wants more advanced charts than most other exchanges. The features, charting capabilities, and data that come with your account are truly impressive, especially when you consider their reasonable fees.
Open Acount on Binance - Click Here
Fees: Trading fees are paid in BTC or BSQ (the network's native cryptocurrency). When paying fees with Bitcoin, the cost of exchanging a Bitcoin is 0.10% on the manufacturer side and 0.70% on the receiver side. When paying the fees in BSQ, the fee to trade a Bitcoin is 0.05% on the manufacturer side and 0.35% on the receiver side.
The premise of Bitcoin itself is that it grants free and open access to a unit of account. Banking products, such as a checking or savings account, are only accessible if you have legally verifiable government-issued identification. With Bitcoin, this is not necessary. It can be accessed regardless of nationality or location, and without any identification.
- Decentralized, non-KYC platform
- More than 25 different payment options, including Zelle
- Mobile app for both Android and iOS
- Transaction speed can be slow, depending on payment method
- Trading volumes can be low
- Not designed for active trading
While many argue that this accessibility opens up possibilities for criminal activity (the same could be said for the use of cash), it also immediately grants units of account to people in countries with less developed banking systems. There are millions of people in the world who do not have access to bank accounts or means to trade because their countries may not have the proper financial infrastructure or people may not have a government issued ID. Bitcoin, used in conjunction with a decentralized exchange like Bisq, can be a good solution in these cases.
Bisq is downloadable software and decentralized peer-to-peer crypto and Bitcoin exchange. This means that Bisq does not have a central point of failure and cannot be removed, just like Bitcoin itself. Bisq is non-custodial, which means that no one other than the user touches or controls the user's funds. This differs from centralized exchanges, such as Coinbase, in that Coinbase controls the user's funds in an escrow account in which the user does not have the private keys. In that scenario, Coinbase has the right to seize your funds if it considers your account activity to be suspicious, whether or not the activity is actually illegal at your location.
Bisq is instantly accessible to anyone with a computer or smartphone as there is no registration process or KYC (Know Your Customer) rule. This makes it ideal for those seeking privacy, dissidents living within an oppressive regime, or anyone without a government-issued ID.
Bisq offers the trading of several different fiat currencies, including the USD, as well as Bitcoin and various other cryptocurrencies. Its decentralized and peer-to-peer features may mean low trading volumes and slower transactions, but for some, this is worth it.
Open Acount on Bisq - Click Here
We hope you have some ideas on which cryptocurrency to invest in 2021. There are various cryptocoins available on the cryptocurrency market. But we just mentioned the 10 best cryptocurrencies to invest your valuable money in 2021. Before investing in any cryptocurrency, kindly check the volume, price and liquidity of the particular crypto in the market.
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