You might be a share market investor but investing in cryptocurrency is altogether a different field. With investment in the crypto market, you become the owner of digital assets and you can store the same in digital wallets. On the contrary, when you invest in the stock market online trading , you invest in a business and can claim a profit share depending on the investment. Cryptocurrency is a highly speculative bet wherein you purchase a particular digital coin and trade it for profit. Dealing with digital currency is a volatile matter due to several elements apart from the regular demand and supply rule. It all got started in the year 2009 but currently, many companies accept cryptocurrency payments as well. Also, now one can go further by getting it exchanged for U.S. dollars. If you are interested in trading Bitcoin, you can check out Bitcoin Aussie System.

There are several cryptos available in the market today but when cryptocurrency was introduced, it was mainly Bitcoin. Developers use blockchain technology to develop new cryptocurrencies but out of all, Bitcoin is the most popular one and the mostly being traded one as well. Digital currencies are popular and so more cryptos are traded across the world. If you take the advice of crypto experts, they would suggest sticking to the well-known Bitcoin more.

Let’s take a look at the list of cryptocurrencies launched and traded at the cryptocurrency exchanges currently.

• BITCOIN

The substitute name commonly heard for cryptocurrency is Bitcoin. It is probably the first cryptocurrency that people started trading. This digital coin has a high-value today but it is equally volatile. The main purpose while creating this digital coin was to facilitate digital payment systems and decentralize the entire financial system. You need to take the advice of experts to trade Bitcoin as it has a history of high volatility. The advantage of using blockchain technology is to make payments without the control of the central bank that measures all third-party transactions. Therefore, experts would always recommend trading through Bitcoin’s blockchain as it would be a public ledger.

• ETHEREUM

The transactions that are conducted on the Ethereum network use Ether as the token coin. Developers came up with this particular cryptocurrency to create smart contracts on a platform that is governed only by blockchain technology. The main benefit of Ethereum is its dual use as a cryptocurrency and as a software development sandbox. Ether is the term given to the actual units used under this digital coin.

• LITECOIN

Litecoin entered the crypto market in 2011 and was the next famous cryptocurrency after Bitcoin. The new investors are interested in Litecoin and with the increase in demand, the price is quite high nearly touching the price of gold. The benefit that attracts many investors is its quick transaction confirmation which is a unique feature of the blockchain technology used for Litecoin. 

• TETHER

Now, let’s talk about the most stable digital coin – Tether. It was introduced as the fiat-collateralized stablecoin which means that it gets its value from the fiat currency, generally U.S. Dollar. Many transactions have been noted using tether cryptocurrency in the current years. Investors are guaranteed stability as well as transparency in the transactions involving tether. Of course, the tether is also bound to the risk due to speculation just like any other cryptocurrency. Though the risk is not extreme, you need to take the advice of the Bitcoin experts to expand your portfolio.

• DOGECOIN

It was just a mere alternative to the traditional cryptocurrencies but it caught the eyes of many investors and is now traded worldwide. You get enough of dogecoin to trade that is not commonly the scene with Bitcoin. The base price of dogecoin is low and the fact that new coins are mined easily, there is a doubt if the price might ever touch even $1. It is an altcoin that is quite similar to Bitcoin and Ethereum with the same blockchain network but due to its abundance, its price has yet not increased much.

Conclusion! 

Surely, you have got a general idea of the popularly known cryptocurrencies. There is a long list of other digital coins too that can be traded by investors after getting correct information.