Cryptocurrencies are becoming more popular each day and many investors are wondering if what is the best cryptocurrency to invest in. If you finally have decided to give cryptocurrency trading a try, then it is very important that you understand the things that you have to consider before choosing the best crypto for you.
The Big Three In Cryptocurrency
This guide shows you how to choose the best cryptocurrency investment as well as your cold storage by analyzing a few of the most popular currencies to help with your search. Where you choose to buy your cryptocurrency will depend on the cryptocurrency of your choice. Here are the big in cryptocurrencies this 2018:
- (BTC) Bitcoin Cryptocurrency. Bitcoin trading is proven to be more successful these years. It is still the number one crypto token for any investor to have. Bitcoin units will be one of the most valued collectibles in the future because its number is very limited and it already approaching exhaustion.
- (ETH) Ethereum Cryptocurrency. Created and launched by Vitalik Buterin, a Russian-Canadian mathematical and programming expert while he was just a teenager. ETH token is the second most wanted coin the crypto trading world. It introduced a new system of smart contracts which started ultra-quick completion of transaction orders by 10 – 15 seconds
- (XRP) Ripple Cryptocurrency. XRP is the third most preferred cryptos to invest in this 2018. This is because of its implementation of the unique general consensus ledger. The average transaction approval time is shorter than that of an ETH. This is the reason why it is one of the top available choices in cryptocurrencies. XRP price remains stable and its personal data security measures are considered the best-established.
The Cryptocurrency Cold Storage Options
PC Wallet. This wallet is not highly recommended because a wallet in your personal computer at home can get a virus and your hard drive can crash due to a power spike. If you are going to store a huge amount of your cryptocurrency at home, only use that specific PC for cryptocurrency storage.
Hardware Wallets. If you are looking for convenience and security, this is the perfect choice for you. This is a device that has a bare minimum of software that can provide you with the security that you need and will also allow the device to store cryptocurrency.
Paper Wallets. This is offline so this option is absolutely secured. These are created by software and printed on paper which makes it easy for you an easy access to store your public and also your private keys.
Brain Wallets. This refers to the technique where you memorize a mnemonic recovery phrase that will allow you an access to your cryptocurrency wallet. This phrase should not be written down but instead, keep it in your true brain wallet so you are the only one who can access your cryptocurrency funds.
When another investor tells you about a certain cryptocurrency to invest in, it is possible that they have a very large vested interest in it. There are so many cryptocurrencies to choose from and you have to understand what a cryptocurrency does and why is it so valuable.