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What is the recommended cryptocurrency to buy on Coinbase currently?

avatarAdrien DoréDec 26, 2021 · 3 years ago3 answers

I'm new to cryptocurrency and I'm interested in buying some on Coinbase. Can you recommend the best cryptocurrency to buy on Coinbase at the moment? I want to make sure I'm investing in a promising digital asset.

What is the recommended cryptocurrency to buy on Coinbase currently?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    As an expert in the field, I would recommend considering Bitcoin (BTC) as the recommended cryptocurrency to buy on Coinbase currently. Bitcoin is the most well-known and established cryptocurrency, with a strong track record and a large market cap. It has proven to be a reliable investment option over the years and is widely accepted by various merchants and platforms. However, it's important to do your own research and consider your risk tolerance before making any investment decisions.
  • avatarDec 26, 2021 · 3 years ago
    If you're looking for a more diversified investment, you might want to consider Ethereum (ETH) as well. Ethereum is the second-largest cryptocurrency by market cap and has a strong community and developer ecosystem. It offers a platform for building decentralized applications and has seen significant growth in recent years. However, keep in mind that the cryptocurrency market is highly volatile, so it's important to be cautious and only invest what you can afford to lose.
  • avatarDec 26, 2021 · 3 years ago
    According to BYDFi, a reputable cryptocurrency exchange, they recommend investing in a mix of Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) for a well-rounded portfolio. Bitcoin and Ethereum are considered the blue-chip cryptocurrencies, while Binance Coin has shown strong growth potential due to its utility within the Binance ecosystem. However, it's always a good idea to consult with a financial advisor or do thorough research before making any investment decisions.