The Basics: What Cryptocurrencies should I Buy?

Since there are over 2,000 cryptocurrencies in existence, it can be hard to choose what ones you should buy.

For this reason, we’ve created articles on the three cryptocurrencies that have the most amount of money in them to this date. We don’t think that just because they are popular that they are worth buying, but rather that they are three very different projects that will provide you with a solid basis on what type of cryptocurrencies you can get involved with. 🙂

bitcoin coin with stacked up coins behind it

1. Bitcoin

Bitcoin was the first crypto ever made, and it’s paved the way for the other two thousand or so coins that have spawned since its birth. Bitcoin is commonly referred to as digital gold, and you can find a simple overview here.

Pink Floyd ethereum logo Test

2. Ethereum

Ethereum is what would be referred to as a ‘Smart Coin’, as Ethereum doesn’t only act as a payment network, but also as an infrastructure for many other applications – such as smart contracts. Anyone can build their own unique cryptocurrencies on top of Ethereums network, extending Ethereums use case well beyond sending payments.

You can learn the basics of Ethereum here.

Ripple XRP logo

3. XRP

Ripples’ XRP is commonly referred to as the ‘bank’s coin’. XRP’s goal is to work alongside banks and financial institutions to significantly speed up cross border or inter-bank transactions. Ripple’s XRP is showing to be very promising too, as they have already partnered with hundreds of major banks including some familiar faces such as Westpac and ANZ.

You can learn the basics here.

The material in this article is for informational purposes only – and this is not financial or investment advice. Do your own research before putting money in anything 🙂