Bitcoin may be the most well-known cryptocurrency, but it’s not the only one. There are several different cryptocurrencies that you can invest in for the long term.
There’s Bitcoin, Ethereum, Solana, Avalanche, Binance coin, Polkadot, Cardano, XRP, Stellar, and Chainlink, to name a few.
Each of these cryptocurrencies has different features and benefits that make them unique, but with so many options, which is the best crypto to invest in long term? Read on to find out!
Bitcoin (BTC)
Bitcoin is the world’s first and most well-known cryptocurrency. It was created in 2009 by an anonymous person or group known as Satoshi Nakamoto. Bitcoin is a decentralized digital currency, not subject to government or financial institution control.
Transactions are verified by a computer network called miners and recorded in a public ledger called a blockchain. Bitcoin can be bought, sold, or exchanged for goods and services.
Where to buy Bitcoin?
You can buy Bitcoin from the following reputable crypto exchange platform such as:
- Binance: Binance offers a safe and secure platform to buy Bitcoin with a credit card or debit card. This crypto exchange platform is probably the largest globally based on trading volume and the number of users.
- Coinbase: Coinbase is one of the most popular cryptocurrency exchanges and allows you to buy Bitcoin with a variety of payment methods, fiat money, or even other cryptocurrencies. This exchange is based in the United States and is available in over 30 countries.
- eToro: Founded in 2007, eToro is a social trading and multi-asset brokerage platform with offices in Cyprus, Israel, and the United Kingdom. The company allows clients to trade various assets, including cryptocurrencies, stocks, indices, commodities, and ETFs.
Ethereum (ETH)
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference.
Ethereum is the second-largest cryptocurrency by market capitalization and has many applications. These include but are not limited to decentralized applications (dApps), initial coin offerings (ICOs), and decentralized autonomous organizations (DAOs).
Where to buy Ethereum?
You can buy Ethereum from:
- Kraken: Kraken started to offer ETH trading in August 2015, and they provide 24-hour support. This platform is unique as it has been built by a group of crypto enthusiasts, professional bankers, and traders.
- Bitfinex: Bitfinex is one of the oldest crypto exchanges founded in 2012. The platform supports a wide range of digital assets, including ETH.
- Gemini: You can buy, sell, or store ETH on Gemini, an American-regulated cryptocurrency exchange. This platform allows you to buy ETH with USD and also provides a custodial service for institutional investors.
Solana (SOL)
Solana is a high-performance blockchain platform that enables decentralized applications to be built and run at scale. The Solana Foundation was founded in 2017 to build an open, accessible financial system for the world. The Solana platform is powered by a Proof-of-Stake consensus algorithm and can process up to 65,000 transactions per second.
Where to buy Solana?
You can buy Solana from the following exchanges:
- Binance: Binance is a global cryptocurrency exchange that offers a platform for trading more than 100 cryptocurrencies.
- Huobi Global: Huobi Global is a digital asset exchange that allows users to buy and sell cryptocurrencies. The platform supports more than 130 currencies, including SOL.
- OKEx: OKEx is a cryptocurrency exchange that offers spot and derivative trading services to users in over 100 countries. The platform supports SOL and other major digital assets.
Avalanche (AVAX)
Avalanche is a decentralized platform that enables anyone to build and deploy decentralized finance applications quickly. The Avalanche network is powered by a new consensus algorithm called Avalanche, designed to be fast, scalable, and secure. The platform also includes a new programming language called Solidity, making it easy to build smart contracts and dApps.
Where to buy Avalanche?
You can buy Avalanche from the following exchanges:
- Binance: Binance is the largest cryptocurrency exchange globally, with over 200 million active users. Many features and services are available on the market, namely spot and futures trading, staking, and lending.
- Kucoin: With over 5 million members, Kucoin is another prominent cryptocurrency exchange. Spot and margin trading, futures, and options are all available on the exchange.
- Cyrpto.com: Crypto.com is a cryptocurrency exchange that offers spot and margin trading and crypto loans. The platform supports a wide range of digital assets, including Avalanche.
Binance Coin (BNB)
Binance Coin is the native cryptocurrency of the Binance Chain blockchain. The coin was created to be used as a payment method on the Binance Exchange. Binance Coin can be used to pay for fees on the Binance Exchange and other participating exchanges and platforms. The coin can also be used to buy goods and services and as a payment method on the Binance Decentralized Exchange.
Where to buy Binance Coin?
You can buy Binance Coin from the following crypto exchanges:
- Binance: Of course, Binance offers its own token, Binance Coin. The token can be used to pay for fees on the exchange and other participating platforms.
- eToro: eToro is a social trading and investment platform that offers a variety of financial instruments, including cryptocurrencies. They also offer BNB as a payment method.
- Crypto.com: Crypto.com is a cryptocurrency exchange that provides spot, margin, and crypto loan trading. Binance Coin and other major digital assets are supported on the platform.
Polkadot (DOT)
Polkadot is a scalable, interoperable blockchain platform that enables the deployment of decentralized applications and services. The Polkadot network is powered by a new consensus algorithm called Parachain, which is designed to be fast, scalable, and secure. The platform also includes a new programming language called Substrate, which makes it easy to build smart contracts and dApps.
Where to buy Polkadot?
You can buy Polkadot from the following exchanges:
- Binance: Binance is a global cryptocurrency exchange that allows users to trade over 100 different cryptocurrencies. The platform also supports DOT.
- Crypto.com: Founded in 2016, Crypto.com is a digital asset exchange that allows users to buy and sell cryptocurrencies. The platform supports DOT and other major digital assets.
- Bitfinex: Another prominent cryptocurrency exchange where you can purchase DOT is Bitfinex. If you want a platform with advanced functionality, Bitfinex is a fantastic option. Bitfinex has offered to stack DOT to gain prizes.
Cardano (ADA)
Cardano is a decentralized public blockchain that has become one of the fastest-growing blockchain assets in the crypto sector. Its token, ADA, has been a top 10 cryptocurrency by market capitalization since its launch in 2015 and has garnered a lot of hype. Cardano is the first blockchain platform based on research and scientific concepts. The programming team comprises a global group of highly skilled engineers and researchers.
Where to buy ADA?
Are you looking to purchase ADA? You’ve arrived at the right location. We’ll take you to the best places to buy ADA, including:
- Bitstamp: Bitstamp is a cryptocurrency exchange established in Luxembourg that offers ADA trading pairs with USD and EUR. Bitstamp is a well-known exchange that provides a comprehensive and user-friendly trading environment that is both secure and diverse enough to meet the needs of most traders. Cardano is one of the several cryptocurrencies offered on the exchange, which today has over 4 million users worldwide (ADA).
- Coinbase: Coinbase is a cryptocurrency exchange situated in the United States that offers ADA trading pairings with USD and EUR. With over 35 million customers globally, Coinbase is one of the most popular exchanges. Cardano is one of the several cryptocurrencies offered on the platform.
- Uphold: Since its debut in 2014, Uphold has developed a devoted following among traders looking for a simple way to purchase and sell cryptocurrencies. The platform is also one of the few that allows customers to buy ADA with fiat money.
XRP
XRP is a digital asset designed for cross-border payment and settlement applications. The native currency of the Ripple network, XRP, is the third-largest cryptocurrency by market capitalization. XRP can be used to purchase goods and services or traded on exchanges like Binance for other cryptocurrencies.
Where to buy XRP?
- Bithumb: Easiest API-driven experience, Bithumb is the most user-friendly exchange for newbies in the space. The South Korean exchange also offers a mobile app for trading on the go.
- Bitstamp: One of the oldest exchanges in operation today, Bitstamp offers an easy way to buy XRP with fiat currencies like USD, EUR, and GBP. The platform is also one of the few that allows customers to buy XRP with a credit card.
- FTX: FTX is a cryptocurrency derivatives exchange that offers a variety of futures contracts and other products. The platform also supports XRP trading pairs with USD, EUR, and BTC.
Stellar (XLM)
Stellar is a decentralized protocol that enables anyone to send, receive, and trade digital assets. The Stellar network is an open blockchain that allows anyone to create an account and hold digital assets. The native currency of the Stellar network is XLM. the name “Stellar” comes from the fact that the network is designed to be scalable and to support a wide range of assets.
Where to buy Stellar Lumens?
- Upbit: Upbit is a South Korean cryptocurrency exchange that offers XLM trading pairs with KRW, BTC, and ETH. The platform is one of the few that allows customers to buy XLM with KRW.
- Binance: Binance is a cryptocurrency exchange that offers XLM trading pairs with BTC, USDT, and BNB. The platform is one of the largest globally and provides a variety of features to its users.
- Coincheck: Coincheck is a Japanese cryptocurrency exchange that offers XLM trading pairs with JPY and BTC. The platform is one of the few that allows customers to buy XLM with JPY.
Chain Link (LINK)
Chainlink is a decentralized oracle network that provides reliable, tamper-proof data to smart contracts on the Ethereum blockchain. The Chainlink network is made up of nodes in that node operators operate. These node operators are incentivized to provide accurate data to the network in exchange for LINK, the native token of the Chainlink network.
Where to buy LINK?
- Binance: Binance is a cryptocurrency exchange that offers BTC, ETH, and BNB trading pairings. The platform is one of the largest in the globe and provides users with a wide range of functions.
- Huobi: Huobi is a cryptocurrency exchange established in Singapore that offers LINK trading pairs with BTC, ETH, and USDT. Customers can buy LINK with fiat currency on the site, which is one of the few.
- eToro: eToro is a social trading and investment website that offers USD LINK trading pairs. Customers can buy LINK using a credit card on the platform, which is one of the few.
Conclusion
These cryptocurrencies have a promising future and unique features, so they are worth investing in. The best crypto to buy, especially for long-term investing, is Bitcoin due to its popularity, high market capitalization, and proven track record.
Ethereum is a close second due to its wide adoption by businesses and developers. The other cryptocurrencies mentioned are also worth considering for your portfolio. Do your own research and make sure to invest responsibly! To discover everything you need to begin investing in cryptocurrencies and NFTs, click here.