It’s been a wild ride for investors in cryptocurrency in 2020. Here’s where to invest in crypto in 2020.
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Bitcoin
Bitcoin is the biggest and most well-known cryptocurrency, with good reason. It has the highest market capitalization and has been around the longest.
Bitcoin is also considered the most secure blockchain, due to its proof-of-work system. This means that Bitcoin is more decentralized than other cryptocurrencies, and less susceptible to attacks.
For these reasons, Bitcoin is a good option for long-term investment.
Ethereum
As the second-largest cryptocurrency by market capitalization, Ethereum has received a lot of attention from investors and crypto enthusiasts alike. Coinbase even offers Ethereum as one of its four main coins. So, where should you invest in Ethereum? Let’s take a look at some of the best places to buy Ethereum.
Ethereum is currently ranked #2 by market capitalization, with a total market cap of over $25 billion. It is also one of the most traded cryptocurrencies, with a daily trading volume of over $1.5 billion. Here are a few places where you can buy Ethereum.
Coinbase is one of the most popular exchanges for buying and selling cryptocurrencies. It offers four main coins — Bitcoin, Ethereum, Litecoin, and Bitcoin Cash — and has 24/7 customer support. You can also use Coinbase to buy goods and services with cryptocurrency.
Gemini is another popular cryptocurrency exchange that allows you to buy, sell, and store Bitcoin and Ethereum. Gemini is known for its high security standards — all Gemini accounts are FDIC insured — as well as its low fees (just 0.25%).
eToro is a social trading platform that allows users to trade a variety of assets — including cryptocurrencies like Ethereum — as well as stocks, commodities, and more traditional investments like ETFs. eToro also has some unique features, like CopyTrader, which allows users to copy the portfolios of other successful traders on the platform.
Litecoin
Launched in 2011, litecoin is a global decentralized cryptocurrency based on an open-source software project. It is often referred to as the “silver to Bitcoin’s gold.” While litecoin shares many similarities with Bitcoin, there are also several key differences. For one, litecoin has a faster block generation rate, which means that transactions are confirmed faster and more blocks are added to the blockchain more frequently. This can be beneficial for merchants who need near-instant confirmation times for their customers’ purchases. Additionally, litecoin uses a different proof-of-work hashing algorithm than Bitcoin, which some believe makes it more resistant to ASIC mining hardware designed specifically for Bitcoin mining.
Bitcoin Cash
Bitcoin Cash is a cryptocurrency that was created as a fork of Bitcoin in 2017. Bitcoin Cash is different from Bitcoin in that it has a larger block size of 8 MB, which allows for faster transaction times. Bitcoin Cash is also programmed to adjust its difficulty every six blocks, as opposed to Bitcoin’s 2016 blocks. This makes mining Bitcoin Cash more accessible to small-scale miners.
Bitcoin Cash is considered by many to be a controversial cryptocurrency. Proponents claim that it is a more true form of cryptocurrency, while detractors claim that it is nothing more than a copy of Bitcoin.
Ripple
Ripple is a cryptocurrency that is focused on solving the problems that are associated with international money transfers. Ripple is often heralded as the “global payment network” because it has the ability to process cross-border transactions in a matter of seconds. Ripple’s native cryptocurrency, XRP, is used to fuel these transactions and has a current market cap of $8.6 billion.
If you’re looking to invest in a cryptocurrency that has the potential to revolutionize the way we send money around the world, then Ripple is definitely worth considering. However, it’s important to keep in mind that Ripple is still a very new project and it remains to be seen whether or not it will be able to achieve its ambitious goals.
Binance Coin
BinanceCoin (BNB) is the official coin of the Binance exchange. It was created to help with the development of the Binance ecosystem and to offer users a range of benefits, such as discounted trading fees, on the Binance platform. BNB can be used to pay for a range of services on the Binance platform, including spot and margin trading, futures contracts, and staking.
BNB is currently one of the most popular cryptocurrencies and is ranked in the top 10 by market capitalization. In 2020, BNB has continued to perform well, appreciating in value by over 150%. This makes BNB an attractive option for investors looking to invest in cryptocurrency in 2020.
Stellar
The Stellar network is an open-source, decentralized protocol for digital currency to fiat currency transfers which allows cross-border transactions between any pair of currencies. Integrated into the network are decentralized exchanges, atomic swaps, and smart contracts. The native digital asset of the Stellar network is called Lumens (XLM).
Cardano
Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a global collective of expert engineers and researchers. The protocol has been designed from the ground up with security in mind and has been built in the Haskell programming language.
