A lot of people have heard of Bitcoin, but even fewer have heard of the other cryptocurrencies that are out there. Many people currently see Bitcoin as an investment, or at least a commodity, however there are other cryptocurrencies that might be worth looking at. There are a lot of cryptocurrencies out there, but not all of them are viable investments. Bitcoin introduced the world to the idea of a cryptocurrency, and there are now many others vying for space in your crypto-portfolio. If you want to invest in digital currency, here are some of the best ways to invest in bitcoin crypto. If you’re looking for a way to diversify your portfolio and get involved with the cryptocurrency scene, but don’t want to lose your shirt in the process, look into these three cryptocurrencies:
1. Apecoin
Apecoin is meant to be the first digital currency created by an ape species. While it was created back in 2014, it has stayed relatively low on the radar since its inception. However, Apecoin can be used to make purchases on a number of websites. If you’re looking for something with a little more potential upside than Bitcoin, this could be a good option to diversify your portfolio. Apecoin also has some interesting features. It was released in 2014 and has a variation on scrypt as its hashing algorithm, which makes mining more accessible to more people who would otherwise not be able to mine. While many cryptocurrencies like this aren’t available through regular exchanges, there is a way to buy them although you’ll need to find someone who’s willing to sell them to you first. With Apecoin you can now have the great potential to add great value to your podium of investments at a very nominal price.
2. Litecoin
Litecoin is another peer-to-peer cryptocurrency like Bitcoin—but instead of using SHA-256 encryption algorithm and confirming transactions through mining, it uses scrypt encryption algorithm and confirms transactions through mining. This makes it easier for people with home computers to mine Litecoin instead of Bitcoin and potentially earn more money from their home systems (depending on how much they can mine). It’s also much faster than Bitcoin— Litecoin was created by former Google employee as an experimental spinoff of Bitcoin when its value increased too much for him to be able to purchase small amounts with his everyday money. It’s similar in terms of functionality, but faster and lighter than Bitcoin. While Bitcoin takes more than 10 minutes to process a transaction, Litecoin can do so in 2 1/2 minutes. Litecoin is one such cryptocurrency, and it has been growing in popularity since its release in 2011. With a faster transaction time than bitcoin and smaller transaction fees, it could be a good choice for anyone interested in getting involved with cryptocurrencies. If you are still searching for a cheap asset, Litecoin can be the best option.
3. Bitcoin
Bitcoin has come a long way since its first appearance in 2009. It started as the simplest cryptocurrency to mine and buy, but now it has become one of the most complex and sophisticated currencies on the market. Its value has risen astronomically, but it’s still volatile enough to be a serious investment for risk-takers. There are many ways to buy bitcoins but none of them is particularly straightforward. There are no ATMs where you can acquire bitcoins, nor is there a reliable method currently available for purchasing them online with a credit card. This might not be the cheapest option to go for but with innumerable options available you can now get it at the cheapest prices.
Final words
With the price of bitcoin having risen to over 100 times in the present year, cryptocurrencies are more popular than ever. While some people can recall a time when buying into bitcoin was a risky investment, the cryptocurrency is far less risky today thanks to the numerous improvements that have been made to its underlying blockchain technology. Now there are other cryptocurrencies, or “altcoins,” that are worth looking into as an alternative or companion to bitcoin.
Thus, its high time that people start making most out of their money online and crypto assets is one of the ways through which this is possible to a great deal.
