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.

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

How do I start a cryptocurrency business?

Cryptocurrencies such as Bitcoin have become big business in recent years leading many entrepreneurs to want a slice of that pie. After some initial skepticism, cryptocurrency has become more mainstream. The users have identified added benefits in terms of transparency, security, and ease of use compared to traditional transaction methods. 2021 will see some of […]

24 February, 2021
Altcoins,Analysis,Bitcoin

What Affects Bitcoin Price and Which Are the Factors That Make It Go Up? – Bitcoin Price Drivers

Over the past few weeks, Bitcoin has been hitting new milestones. Since the onset of the coronavirus pandemic, BTC has gained about 1250%. To put the price of Bitcoin into perspective, let’s take a quick look into its historic fluctuations. It started trading in August 2011 at $10.90 and crossed the $1000 mark for the […]

22 February, 2021
Analysis,Bitcoin,Trading

How to Measure Your Crypto Trading Performance: A Quick Guide

In today’s world, Equity and Forex are not the only extensively traded markets. The rise in the popularity of Bitcoin and Blockchain has led the mainstream to explore the crypto trading space. And this market has indeed come out as a winner – speaking based on the growth in crypto trading volume. What is Crypto […]

19 February, 2021
Bitcoin,Bitcoin Cash,PayPal

Where And How To Pay With Bitcoin In 2021

Bitcoin was primarily created to serve as a payment currency. This may be hard to believe considering the rampant speculative trading surrounding the world’s first cryptocurrency. Yet, Nakamoto’s coin had, and still has, the potential to revolutionise commerce. Whilst much of the world’s attention is on the current price of each coin, more and more […]

16 February, 2021
Altcoins,Cryptocurrency,Ethereum

What Are Altcoins And Where Are They Used?

Altcoins are all cryptocurrencies which were created after Bitcoin. They often present themselves as offering benefits which are superior or different to the world’s first crypto coin and have been increasing their market share over the past few years. The year 2009 was to mark the beginning of a currency revolution which few in the […]

8 February, 2021
Altcoins,Bitcoin,speculation

Altcoins vs Bitcoin – Which cryptocurrency will survive the market crash?

One of the greatest advancements in the financial sector during the past decade is the emergence and rise of cryptocurrencies. The age of cryptocurrencies was kicked off by Bitcoin, which is why the term Bitcoin became synonymous with cryptocurrency. Soon afterwards, what followed was the development of thousands of altcoins.   However, traders and investors tend to be quite anxious about a potential market crash in the cryptocurrency ecosystem that might wipe […]

2 February, 2021
cfd trading,etfs,Trading

ETF vs. CFD for cryptocurrency: Which one should you choose?

You can begin your crypto trading journey in numerous ways. The most common choices are either peer-to-peer trading or through an exchange. Today we’ll be tackling ETFs vs CFDs. With the expansion of Bitcoin and other cryptocurrencies, two other ways of trading options have gained massive popularity. This, in turn, has started to attract the […]

29 January, 2021
Ethereum,ICO,IEO

Answering The Question: What Is An ICO?

An ICO is a twist on an age-old way to raise money from markets. This twist is due to the fact that all businesses engaged in this funding request are based on Blockchain concepts. Keep reading to understand what is an ICO and how you can be part of its process. The ICO meaning is […]

29 January, 2021