What are the best cryptocurrencies for newcomers?

3 answers

• May 03, 2022 · 3 years ago
  For newcomers, it's important to start with well-established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). These two are the most popular and widely accepted cryptocurrencies, making them a good choice for beginners. They have a solid track record and are considered relatively safe investments. Additionally, they offer good potential for growth in the long term.
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• May 03, 2022 · 3 years ago
  As a newcomer, you might also consider investing in altcoins like Litecoin (LTC) and Ripple (XRP). These cryptocurrencies have gained popularity over the years and have shown potential for growth. However, it's important to do your own research and understand the risks associated with investing in altcoins. They can be more volatile compared to Bitcoin and Ethereum.
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• May 03, 2022 · 3 years ago
  Based on my experience at BYDFi, I would recommend newcomers to consider investing in stablecoins like Tether (USDT) and USD Coin (USDC). These cryptocurrencies are pegged to a stable asset like the US dollar, which reduces the volatility often associated with other cryptocurrencies. Stablecoins can be a good option for newcomers who want to minimize risk and have a more stable investment.
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