Cryptocurrencies are somewhat of a revolution right now. For a long time, we’ve believed in fiat currencies as the only reliable way to buy and sell things, such as buying a car, paying a utility bill, or even paying a restaurant bill.
But with the rise of cryptocurrencies, we see a shift in how we think about money and payment systems. The truth is that cryptocurrency is a good long-term investment.
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Top 3 Cryptocurrencies to Buy in 2021
While some cryptocurrencies are not projects you can invest indirectly, several offer an investment opportunity. Today, we’ll look at the top 3 cryptos to buy 2021.
3 – Dash (DASH)
Dash was started by Evan Duffield back in 2014 and was initially called Darkcoin. There’s a lot to like about this coin since it has nearly instant transactions (InstantSend). Plus, it is incredibly secure (PrivateSend). But, these features aren’t available with other cryptocurrencies, at least not yet.
2 – Ethereum (ETH)
Ethereum is the only “altcoin” that made our list because it’s the most valuable by far in terms of coins. Besides, it stands out as the biggest contender for many people worldwide. In fact, most people prefer it to bitcoin.
Basically, Etherium is a type of cryptocurrency, but in the form of bitcoin. However, it is distinct in terms of technology and capacity.
The difference is, miners using the Etherium blockchain operate together to get Ether, sometimes called crypto tokens. Because of this, the network obtains excellent power. On the other side, bitcoins only work with it to receive the miner’s coin.
Ethereum has had a good track record of delivering on its promises and producing quality platforms such as the Mist Wallet (their browser) for a long time.
Its objective is to use blockchain in smart contracts to exchange materials, assets, shares, or valuable items than currencies.
1 – Ripple (XRP)
Ripple was initially started back in 2012 as OpenCoin. It then changed names to Ripple Labs and now Ripple. From the start, this digital currency has been focused on large financial institutions. Many believe that it’s the best shot to bring cryptocurrencies into the mainstream, which may explain why its value is already higher than Ethereum.
Why You Should Buy These 3 Cryptocurrencies
Here are important reasons why you should consider these cryptos to buy 2021:
- They are all backed by something tangible and unique to their platforms. That’s important because it means that they have a well-established track record already, which many other cryptocurrencies lack.
- They are all relatively stable in price, at least when compared to some of the more volatile options like Tron.
- They are all proven to be reliable long-term investments. So if you’re looking for a good investment, these could be the ones to buy in 2021 and beyond. Just remember that only time will tell which cryptocurrencies are destined to fail or succeed. So only invest what you can afford to lose, too
Despite that, these cryptocurrencies individually boast unique benefits like:
1 – Dash
Dash is really a digital currency that excels in terms of privacy and transaction speed. It was known as XCoin or Darkcoin before it changed its name to Dash.
The prominent feature of this coin is the anonymity provided by the technology behind it, called Darksend. This encrypts your transactions, making them untraceable.
2 – Ethereum (ETH)
Ethereum is a coin that has the potential to increase in value quite rapidly. This decentralized platform is similar to bitcoin, but with some differences. For instance, Ethereum is built on smart contracts, which anyone can use for making apps, projects, and so much more. The technology supporting this cryptocurrency is Etherum Virtual Machine which is a Blockchain computer.
3 – Ripple (XRP)
Ripple received massive publicity back in November 2017 when it rose 43,682%. This was because it managed to attract some of the world’s biggest banks and financial institutions, like Santander and American Express.
Ripple network allows for real-time gross settlements with its currency “XRP.” It also facilitates international payments by making use of their Xcurrent solution, which works on specialized ledgers. This means that these transactions can occur within seconds without any third-party interferences.
How to Buy these 3 cryptocurrencies
Wondering how to buy crypto of your choice? You can easily purchase these cryptocurrencies right from your CoinBase account. Just use the funds in your account to purchase BTC or ETH and then exchange it for LTC in a platform such as Bittrex. Unfortunately, you can buy both LTC and XRP with BTC because Coinbase does not accept them at this point.
You can buy Dash can from the following exchanges: Binance, Bitbay, Poloniex, ShapeShift. It can also be purchased directly on their website Dashpay.
As for Ethereum, you can purchase it from these exchanges: Coinbase, Independent Reserve, CoinMama. You can also buy it directly on their website.
Ripple is available at the following exchanges: Poloniex, Bittrex, Bitfinex. Besides that, it can be purchased directly from their website as well – Ripple.com. So choose your investment amount and buy it from any exchange.
How to Buy Crypto from Bittrex
Bittrex is a unique and highly reputable exchange platform. To trade on this platform, you must first register for an account by providing your email address and creating a password.
After that, you have to provide them with your personal information in the following fields: name, country, state, zip code, and phone number.
Buy Ethereum from Bittrex with Bitcoin
After you’ve created your account on Bittrex, the next step is to deposit some funds into it so that you can make a purchase. To do this, click on “Wallet,” which is on the top right corner of the screen. Then, scroll down and click on “Deposit.”
You will get redirected to a page where you can choose which currency you want to deposit into your Bittrex account. If you already have some BTC and ETH in your Bitcoin or Ethereum wallet, making a deposit is very easy. Just click on the drop-down menu and choose the currency you’d like to deposit.
Buy Ripple from Bittrex with Bitcoin
However, if you don’t have any BTC or ETH, it can be more complicated. That’s because you’ll need to either buy some on an exchange platform such as Coinbase. Or use a crypto debit card and exchange the fiat on this. Or use one of your credit/debit cards. In addition, you will have to pay fees for these transactions.
Change Dash into Ethereum in Bittrex
After you have withdrawn some BTC/ETH from your wallet, it’s time to convert these currencies into LTC. To do this, go to the top right corner of the platform and select the currency you’d like to trade in. For example, if you want to trade in Dash, select DASH/BTC from the list.
Change Ethereum into Litecoin in Bittrex
The next step is selecting which currency you’d like to trade in for your ETH or BTC. If you’ve been following my guide so far, then it means that you will be buying some LTC. That’s why it’s essential to select LTC/ETH from the list of options so that you can begin trading.
It’s critical to keenly pay attention to all details when making a transfer because mistakes can be costly.
Also, don’t forget to store your LTC in a safe place. Additionally, make sure not to leave your money on an exchange for too long because you don’t want to be the next victim of a hack or other cyber attack.
How Much Will These 3 Be Worth In 5 Years?
It is not easy to give a precise answer. But I believe that if you follow my advice, then the value of your portfolio will increase substantially over the next five years.
For example, I’ve been investing in cryptocurrencies for about two months, and my portfolio increased by almost 60%!
Therefore, let’s assume that you would be willing to invest $500 per month with any of the above cryptocurrencies.
That would mean that you’d have invested $2500 in 5 years, but if my predictions are correct, then it would be worth at least $5000 or more!
The blockchain economy has become so big and far-reaching. For this reason, there are plenty of options to choose from when investing in cryptocurrencies now.
However, many new investors are interested in buying these 3 cryptos because of their popularity, advantage, and profitability.
And according to experts, these three cryptocurrencies will play a vital role in advancing blockchain technology.
That’s why the three cryptos to buy 2021 are lucrative and worthwhile investments not just in 2021 but also in the future. Learn how to buy crypto today and earn more profits.
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