Above we looked at the options of services in which you can buy cryptocurrency, then now consider what to buy. For more profitable deals, it is recommended to study information about the status of the cryptocurrency at the moment, consider the history and at the same time be interested in new projects.
Bitcoin (BTC) is the first and best known cryptocurrency, the name that some people even call all cryptocurrencies. Definitely, BTC should be in every investor's portfolio, because it is significant.
Ethereum (ETH) and Binance Coin (BNB) are native token leaders among all ecosystems that provide DeFi development. When they grow, an influx of new investors who pay commissions in DeFi protocols with these tokens is guaranteed.
It is possible to use stackcoins as a hedge against inflation. When buying tokens linked to hard currencies, one can protect against devaluation of the national currency, as well as use them to significantly increase capital. Investment vehicles on exchanges ("savings" and "betting" for CEX; "lending" and investing in DEX liquidity pools for DeFi)
It is possible to invest in young and interesting projects from DeFi or GameFi, but it is not recommended to invest significant amounts yet.
Dogecoin (DOGE) and Shiba Inu (SHIB) can take off on a rush of hype, as these tokens are only spasmodic thanks to Ilon Musk's "fan club".
What you should definitely avoid when investing: ICOs / IEOs, NFTs.
For safe and profitable investing in the above instruments, you need to learn the information very carefully, for this you need to be competent in this field and have extensive experience with cryptocurrency.
The article covers a lot of information, where many issues related to investing in cryptocurrency were touched upon. These are the questions most often faced by a newcomer to cryptocurrency, when he is just learning and wants to try to invest in cryptocurrency in practice.
The information provided is not individual investment advice, and the financial instruments, deals and terms mentioned in it may not match your investment profile, expectations and goals.
Here are only the main points of investing in cryptocurrency, we tried to tell in simple words where to store them, how to buy and what exactly you need to buy to avoid mistakes.
If you have any questions, ask our support team, we'll be happy to help.
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