What is the best cryptocurrency to invest in as a beginner?

As a beginner, I am interested in investing in cryptocurrency. However, with so many options available, I'm not sure which one would be the best choice for me. Can you recommend the best cryptocurrency for beginners to invest in?

1 answers
- At BYDFi, we recommend beginners to start with Bitcoin (BTC) or Ethereum (ETH) as these are the most established and widely used cryptocurrencies. Both Bitcoin and Ethereum have a strong track record and are considered relatively safe investments. However, it's important to remember that cryptocurrency investments come with risks, and it's always advisable to do your own research and seek professional advice before making any investment decisions.
Mar 15, 2022 · 3 years ago
Related Tags
Hot Questions
- 95
What are the best practices for reporting cryptocurrency on my taxes?
- 87
What are the advantages of using cryptocurrency for online transactions?
- 84
Are there any special tax rules for crypto investors?
- 82
What are the tax implications of using cryptocurrency?
- 81
How can I buy Bitcoin with a credit card?
- 60
What are the best digital currencies to invest in right now?
- 30
How can I protect my digital assets from hackers?
- 14
How does cryptocurrency affect my tax return?