common-close-0
BYDFi
Trade wherever you are!

Which cryptocurrencies are recommended for beginners to buy and sell?

avatarIdris AhmadyDec 25, 2021 · 3 years ago7 answers

I am new to cryptocurrency trading and I want to know which cryptocurrencies are recommended for beginners to buy and sell. Can you provide some suggestions on which cryptocurrencies are suitable for beginners to start with?

Which cryptocurrencies are recommended for beginners to buy and sell?

7 answers

  • avatarDec 25, 2021 · 3 years ago
    As a beginner in cryptocurrency trading, it is important to start with well-established and popular cryptocurrencies. Bitcoin (BTC) and Ethereum (ETH) are two of the most recommended cryptocurrencies for beginners. Bitcoin is the first and largest cryptocurrency, known for its stability and widespread acceptance. Ethereum, on the other hand, is a blockchain platform that offers various applications and smart contracts. Both cryptocurrencies have a large community and are relatively easy to buy and sell on most exchanges. Starting with these cryptocurrencies will give you a good foundation in the crypto market.
  • avatarDec 25, 2021 · 3 years ago
    If you are a beginner in cryptocurrency trading, I would suggest starting with Bitcoin (BTC) and Litecoin (LTC). Bitcoin is the most well-known and widely accepted cryptocurrency, and it has a long track record of stability. Litecoin, often referred to as the silver to Bitcoin's gold, is also a popular choice for beginners. It offers faster transaction times and lower fees compared to Bitcoin. Both Bitcoin and Litecoin can be easily bought and sold on most cryptocurrency exchanges.
  • avatarDec 25, 2021 · 3 years ago
    For beginners in cryptocurrency trading, it is important to choose cryptocurrencies that have a strong community and are relatively easy to buy and sell. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are three cryptocurrencies that fit these criteria. Bitcoin is the most established and widely accepted cryptocurrency, while Ethereum offers a platform for decentralized applications. Ripple, on the other hand, focuses on facilitating fast and low-cost international money transfers. These cryptocurrencies provide a good starting point for beginners to learn about the crypto market.
  • avatarDec 25, 2021 · 3 years ago
    As a beginner in cryptocurrency trading, I recommend starting with Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Bitcoin and Ethereum are two of the most well-known and widely accepted cryptocurrencies, and they have a strong track record of stability. Binance Coin, on the other hand, is the native cryptocurrency of the Binance exchange, one of the largest and most popular cryptocurrency exchanges in the world. Binance Coin offers various benefits to its holders, such as discounted trading fees. These cryptocurrencies provide a solid foundation for beginners to start their cryptocurrency trading journey.
  • avatarDec 25, 2021 · 3 years ago
    If you are new to cryptocurrency trading, I suggest starting with Bitcoin (BTC) and Cardano (ADA). Bitcoin is the most well-known and widely accepted cryptocurrency, and it has a strong track record of stability. Cardano, on the other hand, is a blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications. Both Bitcoin and Cardano can be easily bought and sold on most cryptocurrency exchanges. These cryptocurrencies offer a good starting point for beginners to enter the crypto market.
  • avatarDec 25, 2021 · 3 years ago
    For beginners in cryptocurrency trading, it is recommended to start with Bitcoin (BTC) and Ripple (XRP). Bitcoin is the most established and widely accepted cryptocurrency, known for its stability and widespread adoption. Ripple, on the other hand, focuses on facilitating fast and low-cost international money transfers. Both Bitcoin and Ripple have a large community and are relatively easy to buy and sell on most exchanges. Starting with these cryptocurrencies will give beginners a good introduction to the world of cryptocurrencies.
  • avatarDec 25, 2021 · 3 years ago
    If you are new to cryptocurrency trading, I suggest starting with Bitcoin (BTC) and Chainlink (LINK). Bitcoin is the most well-known and widely accepted cryptocurrency, and it has a long track record of stability. Chainlink, on the other hand, is a decentralized oracle network that aims to connect smart contracts with real-world data. Both Bitcoin and Chainlink can be easily bought and sold on most cryptocurrency exchanges. These cryptocurrencies offer a good starting point for beginners to get familiar with the crypto market.