What is the best cryptocurrency to start trading with?

3 answers

• Mar 06, 2022 · 3 years ago
  As a cryptocurrency expert, I would recommend starting with Bitcoin (BTC). It is the most well-known and widely accepted cryptocurrency, making it a good choice for beginners. Additionally, Bitcoin has a large market cap and high liquidity, which means it is easier to buy and sell compared to other cryptocurrencies. Its price movements are also relatively stable compared to some altcoins, making it less risky for new traders.
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• Mar 06, 2022 · 3 years ago
  If you're looking for a more speculative option, you could consider Ethereum (ETH). It is the second-largest cryptocurrency by market cap and has a strong community and developer support. Ethereum's blockchain also allows for the creation of smart contracts and decentralized applications, which opens up a wide range of possibilities for innovation. However, it's important to note that Ethereum's price can be more volatile compared to Bitcoin, so it may not be suitable for risk-averse traders.
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• Mar 06, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends starting with a diversified portfolio that includes a mix of established cryptocurrencies like Bitcoin and Ethereum, as well as some promising altcoins. Diversification helps to spread the risk and increase the potential for higher returns. It's also important to do thorough research and stay updated on the latest news and developments in the cryptocurrency market to make informed trading decisions.
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