Cryptocurrencies that are best suited for beginners to buy
If you are new to the cryptocurrency space, it's best to stick with cryptocurrencies that have been around for a longer time and have a well-established user resource ecosystem. This way, you can set up your wallet more easily and find answers when you encounter any issues.
If you are a beginner, consider sticking with cryptocurrencies that meet the following criteria:
The token has a considerable market capitalization (1 billion USD or more)
The token is listed on many cryptocurrency exchanges, making it easy to exchange for fiat currency
The token has good liquidity (24-hour trading volume of at least 100 million USD)
The token is already a usable product and is not based on future promises
If you stick to tokens that meet these criteria, you will automatically filter out a large number of low-quality projects and reduce your chances of becoming a victim of a scam. If you decide to do this, you can also easily sell your tokens and exchange them for fiat currency.
Here are some examples of cryptocurrencies that are worth considering for new cryptocurrency investors. These currencies have high liquidity, a well-developed ecosystem, and a wealth of educational resources and tools to help beginners get started quickly.
Bitcoin
Ethereum
Litecoin
Polygon
Solana
Please note that cryptocurrencies are high-risk investments and are typically subject to significant price volatility. Even mature cryptocurrencies with market capitalizations in the billions of dollars can be volatile. Never invest more than you are willing to lose.
Cryptocurrencies that are best suited for long-term investors to buy
Many cryptocurrency investors prefer to hold cryptocurrencies passively for the long term rather than actively trading. Quite frankly, if you don't want to spend a lot of time and energy keeping up with everything happening in the cryptocurrency and blockchain space, this is a good decision.
If you want to invest in cryptocurrency for the long term, we recommend that you only invest in the most mature cryptocurrencies, such as Bitcoin and Ethereum. While they still carry risks, their fundamentals are much more robust compared to projects that heavily rely on a few developers and community leaders.
For long-term success in investing in cryptocurrencies, we recommend that you use a hardware cryptocurrency wallet to securely store your coins. While there are many high-quality hardware wallets on the market, we believe that Ledger's devices are overall the best choice.
