According to professional inventors of crypto, cryptocurrency investment is a lucrative business. It can generate unending returns.Thinking of how to start can be overwhelming. There are thousands of crypto coins available in the marketplace, making it tough for investors to choose the best cryptocurrency to invest in 2020. Most people that are new to the crypto investment marketplace always have a series of confusing questions, which includes:
How to invest in cryptocurrency?
Investing in cryptocurrency is a very complicated process that requires you consider several factors at the initial stage. You must first know which currency you have interest in.
How to start investing in cryptocurrency?
Investing in digital currency requires you to choose a reputable exchange that allows you to buy, sell, and trade digital cryptocurrency. Some of these investing platforms can grant you a return of 8% as an annual percentage yield.
How to make money with cryptocurrency?
Cryptocurrency has been in existence for a while. And so, many people have become rich by either trading or investing in cryptocurrency. Bitcoin has made cryptocurrency the day’s topic due to its famous nature after Satoshi Nakamoto concerning the digital currency shared brief information. Even the word BTC has ranked high in the google search engine from users all around the world.
Here are strategies for making money with cryptocurrency:
As much as you might not want to believe it, investing has always been the most popular and lucrative way of making money with cryptocurrency. Investing is a long-term strategy of buying and holding crypto assets for some time until its value has increased enough for a resell. In most cases, investing in cryptocurrency is more lucrative in value for long-term investment relatively short-term.
Not everyone participates in the trading of cryptocurrencies because of the risk of losing money. However, some people are experts in this field and have made a remarkable breakthrough by becoming wealthy by trading digital currencies with self and automated crypto trading strategies. Trading allows investors to explore short-term opportunities based on their skills. In the trading of cryptocurrencies, professionals use charts to understand the technical indicator before staking the price action.
Mining is a prevalent word in the cryptocurrency marketplace. It is one of the oldest ways of making money, and several benefits come with the mining of cryptocurrencies. Before you can mine cryptocurrencies, special hardware is required and a stable network that can run a master node to generate a profitable return. The mining of cryptocurrency is a complex process and requires the user to have the technical knowledge to achieve a positive return.
The above methods are ways of making money with cryptocurrency. Due to the lucrative nature of cryptocurrencies, most of this method is risky, while others are risk-free but requires experts with extraordinary knowledge to carry out the operation.
What are the best cryptocurrency investment sites?
Investing in cryptocurrency is very popular nowadays and requires users to implement different strategies for generating a potential return. For beginners, investing in cryptocurrency is not easy because they lack the clue of how to get started. However, with the safest and best cryptocurrency investment sites, you have the opportunity of becoming a professional investor. Several exchanges allow people to buy, sell, trade, and invest in Bitcoin at their comfort location. These exchanges have made cryptocurrency investment popular all over the world. So, no matter your location, there’s always a reputable exchange that allows you to invest in cryptocurrency using your stipulated local currency.
Coinbase is a digital currency exchange that came into existence in 2012. The company is a popular broker exchange of cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Tezos, etc. It is a secure platform and a legit website to invest bitcoin because of its popular security features that enable investors to buy, sell, and store cryptocurrencies. They offer their users the ability to purchase cryptocurrencies directly from their platform without going through the hassle of transferring currencies from another broker. With a series of deposit and withdrawal methods from Coinbase, you won’t have to worry about adding or moving your money whenever you want to.
Trading and investing in Coinbase starts with the opening of a free account that costs $0. There’s no minimum amount to what you can have on your Coinbase wallet. At Coinbase, verification is necessary for removing the limit on unverified accounts for performing higher value transactions. Coinbase has low charge fees for different types of transactions conducted on their platform and a fast response and 24/7 customer service.
Bitstamp is one of the recently established cryptocurrency exchange platforms that offer different financial services to investors. After introducing Bitstamp in 2011, they have already made an impact by ranking high among the best cryptocurrency exchange websites in 2020. Bitstamp has a well-designed mobile app for investors to invest in their services, such as stocks, ETFs, options, crypto trading, etc.
Bitstamp offers a commission-free investing service to their investors. With no unnecessary charge fee for opening and managing your account. At Bitstamp, there’s no minimum or maximum to how much you can store and transact from your account after completing the verification requirements. Transaction fees in Bitstamp vary depending on the transaction volume. The smaller the transaction amount, the higher the percentage fees are charged. Bitstamp allows a minimum trading order value of 25 USD, EUR, GBP, etc.
OKEx is a cryptocurrency exchange company that has been active since July 2014. It is one of the leading and safest cryptocurrency investment websites for investors because of their efficient services.
Also, it provides investors with a secure marketplace for trading, buying, and selling of cryptocurrencies and other lucrative investment services. This service delivery proves the legitimacy of OKEx in the cryptocurrency trading marketplace for investors because of the impeccable services they provide.
Star Xu is the founder of the company. They have strong mobile and desktop application design that enhances investors and trading professionals’ platform usage experience.
They offer daily free Bitcoin and other rewards for investors as they complete minor tasks.
Investing in cryptocurrencies has been going on for a long time now, and it has proven to be the best method of making quick money. The above list of cryptocurrency investing sites is safe and secured to use in 2020.
Even though bitcoin continues to dominate other cryptocurrencies in the marketplace, other currencies like Ethereum are already taking a step. So, if you are planning to find the best cryptocurrency to invest in 2020, see the list below we regularly compile after evaluating the currency worth and its marketplace value in the past years.
Below are the best cryptocurrencies to invest in 2020:
BTC ranks first among the type of digital currency, which investors buy, sell, and trade any minute of the day. Bitcoin has the highest liquidity in the crypto marketplace, which has made it the best choice among other digital currencies.
An anonymous person people call Nakamoto is the creator of bitcoin. After its invention in 2008, the next year, it became an open-source software for people to buy and sell under different exchanges.
Ethereum is ranked the second largest cryptocurrency following bitcoin. It was initially released in 2015 using the software EVM 1 Bytecode. Ethereum is the first cryptocurrency to introduce smart-contract projects, with the capability of equipping developers to create both mobile and desktop applications on blockchain technology known as decentralized applications (dApps).Ethereum is very popular and safe to buy and sell with the help of reputable exchanges. Ethereum has been gradually increasing in value since its existence in 2015, proving a brighter future for Ethereum as a substantial investment opportunity.
Litecoin is a peer-to-peer cryptocurrency that’s very popular in the marketplace since its release in 2011. For Litecoin, its creation and transfer depend on an open-source cryptographic protocol not operated by a central authority. Litecoin is secured and safe to buy, sell, and trade because of its high liquidity in the cryptocurrency marketplace.
Tron is a future cryptocurrency to invest in and is one of the world’s largest blockchain systems. According to professional investors, Tron is an ambitious project that can generate many benefits in the future for digital currency traders and investors. Tron is one of the few ERC-20 tokens with an active blockchain network that is stable and running. Tron has made a remarkable breakthrough in the cryptocurrency marketplace, with a rapid increase in value.
Bitcoin Cash (BCH)
BCH has a large market cap and liquidity in the digital currency marketplace. It came into existence in 2017 from a fork. And now, it has gained a lot of fame among the trending cryptocurrencies in the market. The currency has a large size of blocks that makes the processing of more than one transaction possible.