Cryptocurrency is a means of payment without any physical form, created through complex mathematical calculations using cryptographic algorithms and high-tech computing equipment. Bitcoin is the first cryptocurrency, and those who bought it initially are now very wealthy people.
Bitcoin is the fastest growing and most profitable asset in the history of humankind. Many people are wondering what crypto to buy to get super profits? There is no definite answer to this question, but in this article, we will tell you what cryptocurrencies are and which of them are promising.
What crypto to buy right now?
Digital assets can be of two types:
Altcoins (alternative coins) are digital assets that were issued after Bitcoin and are very similar to the first cryptocurrency. However, the goal was to create something better than Bitcoin. Altcoins are a kind of attempt to make an improved version of the first cryptocurrency, implementing certain solutions that Bitcoin does not have. Altcoins include coins such as Litecoin, XRP, Dogecoin, and Ripple.
Stablecoins are cryptocurrencies backed by either fiat currencies (like a dollar) or precious metals (like gold). Such backing reduces the volatility of coins, making them more stable compared to other cryptocurrencies. Investors buy stablecoins when they want to store capital most reliably, as well as to hedge risks. These coins include the popular cryptocurrency Tether, USD Coin, and Paxos.
Large cryptocurrency exchange offers all kinds of digital assets for buying, exchanging, and selling. It is believed that the larger the platform, the more cryptocurrencies it offers. You can find the most popular digital assets on almost any exchange. Still, before you start using it, you should carefully study its features, namely: fee, the possibility of buying assets with fiat money, requirements for depositing and withdrawing funds from the platform, the level of reliability of the exchange, credibility, AML (anti-money laundering) and KYC (customer verification) compliance, etc.
Recommended crypto to buy in 2022 (experts view):
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- Binance Coin (BNB)
- U.S. Dollar Coin (USDC)
- Cardano (ADA)
- Solana (SOL)
- XRP (XRP)
- Tron (TRX)
- Polkadot (DOT)
All these coins, as well as many other crypto assets, are available on the WhiteBIT exchange.