Top 5 Cryptocurrencies To Invest In 2019

Jump to page contents

Top 5 Cryptocurrencies To Invest In 2019

The rising popularity of cryptocurrencies over the past years have sped up their creation and growth. New traders and investors may easily be confused by the sheer number of currencies available. This guide aims to help you invest in some of the best digital currencies available.

All cryptocurrencies mentioned in this guide can be traded on:

5/5

eToro allows you to invest in any of the top 5 cryptocurrencies and many more. It’s very easy to use and you may deposit funds via PayPal, credit cards, debit cards and many other options.

We also recommend you to check out our new ‘Top 5 cryptocurrencies to invest in 2020‘ guide.

Bitcoin

You’ve probably heard of Bitcoin before hearing the terms cryptocurrency or blockchain. Bitcoin is the largest and most popular cryptocurrency, both by market capitalization and by transaction volume. Most industry analysts agree that if you are only going to invest in one cryptocurrency, then Bitcoin should be the one you choose.

As with any digital currencies, Bitcoin has been a successful investment for some and a loss to others. It is always important to learn how to invest in Bitcoin before you start using real money. You can easily buy and sell Bitcoin on the majority of exchanges, however, we highly recommend trying eToro.

This ad promotes cryptocurrency within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in some EU countries and the UK., no EU consumer protection. Investments are subject to market risk, including the loss of principal.

Ethereum

Advocates for Ethereum describe the coin as being the brains behind the entire blockchain technology. Bitcoin is the flashy member of the family, whilst Ethereum is the more stable, responsible currency. In fact, many blockchain companies are investing in this currency because it serves as a base platform for a multitude of other blockchains projects.

Ethereum places second in terms of market capitalization and, like Bitcoin, is available in major exchanges. If you’re experienced in trading and own Bitcoins we recommend trying BitMEX to trade ETH. Beginners can easily buy and sell Ethereum from eToro.

Other platforms you can try out to trade Ethereum are:

5/5

XRP

As the third largest cryptocurrency with a market cap of over $12B, XRP is a favourite amongst many crypto traders. Preferred by banks and financial institutions looking to invest in cryptocurrencies and blockchain technologies, XRP is supported by its mother company Ripple, which is an important bridge between tradition and innovation.

XRP is a significant cryptocurrency and, as such, is available to trade in the majority of exchanges. The only drawback of XRP is that you need an XRP wallet to store it safely if you do not wish to keep it on the trading platform. Finding a wallet which accepts XRP can be troublesome but, thankfully, wallets such as Ledger Nano X and CoolWallet S accept XRP.

Litecoin

Litecoin is a preferred coin for long-term investment. With a market cap reaching beyond $3B LTC is expected to become the world’s favourite shared payment facilitator. The digital coin has a preferred proof-of-work algorithm which is more decentralized than Bitcoin’s, allowing miners to earn it quicker.

KeepKey and Trezor are just some of the hardware wallets which accept Litecoin. You can also choose to store the currency in web or mobile wallets if you prefer. The currency is also traded across major exchanges, so you can easily buy and sell Litecoin.

Binance Coin

As its name suggests, Binance Coin is the cryptocurrency released by the world’s largest exchange platform, Binance. Binance Coin allows investors to gain from increased trading volumes, but also from transaction fees. The coin is seen as a promising eventual competitor to Bitcoin itself since it is backed by what is considered to be the best cryptocurrency enterprise today.

The Ledger Nano S and Trezor are just two wallets which allow you to store your Binance Coin securely. It’s rising popularity and potential make it a certain contender for top cryptocurrency for 2019.

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar Guides

Latest Guides

Analysis,Litecoin,Technology

Is Litecoin a good investment right now?

Litecoin is popularly known as the second cryptocurrency to be created, as it came to life in 2011 by a former Google employee, Charlie Lee. It is an open-source software that aids peer-to-peer cryptocurrency transactions. It is quite similar to Bitcoin and most times referred to as an altcoin or spinoff of Bitcoin. We cover […]

21 July, 2021
Altcoins,Analysis

5 Top Altcoins That Will Explode in 2021

Cryptocurrency is a concept known to virtually every human on the face of the earth. From the launch of the first cryptocurrency, Bitcoin, it has gradually become an acceptable financial concept that has the potential to take over from the traditional fiat currency. Apart from Bitcoin, which is widely known as the most popular and […]

14 July, 2021
Analysis,Cryptocurrency

What is the Fear and Greed Index?

No crypto investor wants to buy an overvalued coin only to discover that their long position has been Swiss-cheesed even before the move was made. More often than not, the glittering of a ‘coin’ is a question of unstable human emotions instead of adequate research and tenable data. To properly evaluate the worth of a […]

5 July, 2021
Binance,Coinbase,Cryptocurrency,DogeCoin,Ethereum,Stablecoin

What is a gold-backed cryptocurrency?

Gold-backed cryptocurrency can be defined as a stablecoin that backs each token with physical gold. Because of the volatility of the cryptocurrency market, many people are uncomfortable with the market and so prefer to invest their money in different stocks and indices. But with a gold-backed cryptocurrency, the token is pegged to a current gold […]

27 June, 2021
Bitcoin,Crypto Wallets

How long does Bitcoin take to send?

Bitcoin is king when it comes to cryptocurrencies. As the pioneer in the industry, it has maintained its position as number one in terms of market cap and daily traded volume. But have you ever wondered, how long does Bitcoin take to send? Or how long does a Bitcoin transaction take? Well, in this article […]

22 June, 2021
Crypto Mining,Mining

CPU vs GPU Mining at Home: Which is Better?

As cryptocurrency becomes mainstream, more and more people are getting involved in the crypto-world. This has also raised curiosity on how to mine cryptocurrencies and not just exchange and purchase them. As exciting as this sounds, crypto-mining is not easy to achieve, as it requires deep technical knowledge. If mining cryptos is something you are […]

15 June, 2021
Crypto Wallets,DogeCoin,Ethereum,Litecoin,Ripple

Best Ways for Coin Storage to Protect Your Cryptocurrency

As the price of Bitcoin and other cryptocurrencies continues to soar, news of people who have lost access to their crypto stash is always hitting the headlines. Recently, Stefan Thomas, a German-born crypto enthusiast, made news when he had only two attempts to his password for him to access his 7,002 Bitcoins worth millions of […]

9 June, 2021
Crypto Mining,Mining,Monero

How To Mine Monero (XMR) In 2021

In this how to mine Monero guide, we will provide you with the important information you need to know before you mine this cryptocurrency. We will also offer guidance on building your Monero mining rig and where you can sell your coins for a profit. What is Monero? Monero is an open-source digital currency that […]

6 June, 2021