Some have predicted the rise of Bitcoin but few are the number of people who have invested. Before, the concept was a little vague, and sometimes it still seems to be. You want to invest in crypto but the question remains: Which cryptocurrency to buy in 2020? Discover our ranking.
Which cryptocurrency to buy in 2020 ?
In order to avoid any misunderstanding, we would like to point out that this article is in no way an investment recommendation as to which cryptocurrency to buy in 2020. Our primary purpose is information only.
In order for each person to act in conscience and knowledge of the facts, we would like to warn you of the possible risks associated with investing in cryptocurrency. First, crypto trading is not supervised by any European regulatory framework. Also, crypto fluctuations can be considerable and not adapted according to investors. Take the example of the considerable decline in Bitcoin at the end of 2018.
We have compiled a list of the 7 crypto currencies that look promising for the current year. This ranking is based on the reliability of their project. Be careful, because many of the cryptos that appear on the market are also scams. Get information from the right sites, including the Marianne2 site is a good reference to help you choose which cryptocurrency to buy and where to buy it.
Where to buy crypto-currencies in 2020?
It is the perfect platform for beginners, its interface and the use is easy to learn. The platform is totally secure. Etoro is number 1 for social trading worldwide with a wide range of crypto currencies.see the eToro website
With a minimum deposit of only $10, conditions that are much less demanding than the competitors (min. 200€ deposit). IQ Option makes trading more accessible. Also, IQ Option is the ideal platform to find crypto-currencies since it refers to many of them.
Available in 32 countries, you can buy Bitcoin, Ethereum and Litecoin on this platform. Payment services are credit card, debit card and bank transfer. This platform is recognized for the largest Bitcoin exchanges in the world.
It is one of the oldest crypto stock exchanges in the BlockChain. Particularly appreciated by the French, the platform is very popular among intermediate and advanced traders. Kraken offers many high-volume crypto currencies.
Top 7 best crypto currencies 2020 :
Ethereum / Ether (ETH)
Second largest market capitalization, Ether quickly established itself on the crypto market. This crypto allows to build any decentralized applications (Dapps) by issuing smart contracts. Ether has also enabled the creation of dozens of new innovative cryptos. At high speed, Ether is becoming the preferred universal crypto for exchange sites.
Binance Coin (BNB)
The Binance Coin comes from the Binance cryptocurrency exchange platform. A platform that has quickly become the leader in crypto-active trading sites. The NBB is used to buy or sell any other cryptocurrency on the site. Its first advantage is to cut transaction costs in half. You have more advantage to trade with NBB than with another crypto such as Bitcoin or Ether.
Stellar’s initial project is to offer the international community an open-source, easy-to-access financial network that allows for fast (in only 3 seconds) and cost-effective monetary exchanges (for only 0.00001 lumens per transaction).
Stellar appeared on our podium thanks to its dazzling rise in 2017, the crypto achieved an increase of 28,0000%. Stellar also seduced the giant IBM, which considers it to be a competitor to the Ripple.
Bitcoin is the first crypto-currency to have been talked about. Its success has encouraged the creation of new cryptos on the market. It allows the electronic exchange of value from one person to another without any financial institution being the intermediary. Despite a recent drop, Bitcoin remains the market benchmark, just like gold for fiduciary currencies.
Product traceability is the main objective of the VeChain. Enable users to obtain detailed information on the products they purchase through complete transparency of the product life cycle. The manufacturer creates, collects and shares all data directly with users. For the moment, the VeChain is not available on all trading platforms. There is a collaboration with BMW and LVMH.
The Ripple enables secure global payment transactions for financial institutions and banks. The advantage is that you are not required to make transactions in XRP since it also supports fiduciary currencies such as the Euro or the Dollar. We are talking about a new alternative to the SWIFT model.
Which cryptocurrency to buy in 2020? Is IOTA on the list? Well, according to us, that’s a yes. IOTA takes its name from the “Internet of Things”, the Internet of Things. It is a solution to facilitate transactions between connected objects for free, secure and unlimited transactions. Unlike other cryptos, it is not based on BlockChain but on the Tangle network.