Close

October 26, 2018

Why Should I Trade Bitcoin & Altcoin Cryptocurrencies?

altcoins

Cryptocurrency is a fast-growing digital asset. It is impossible to have predicted that the creation of Bitcoin in 2009 would be worth over $15,000, 10-years later. If you did not make an early cryptocurrency investment, do not worry… It’s not too late to enter the cryptocurrency ecosystem.

Now, everyone is investing in cryptocurrency and cryptocurrency trading exchanges like Coindirect – from seasoned online traders to your next door neighbour. This makes the value of cryptocurrencies skyrocket. Though, despite the volatility of the cryptocurrency market, investors have always experienced amazing returns on their trading investments.

Cryptocurrency trading platforms provides great opportunities for online traders. Cryptocurrency continues to draw new investors each day. It, therefore, comes to no surprise that many acknowledged the need for a community where traders can share information, ideas and trading tips amongst each other.

Since the hype of Bitcoin in late 2017, altcoins have started focusing on improving their digital assets to conquer the limitations of Bitcoin. It’s around us every second of the day.

While some people have adopted digital currency as a vital part of everyday, others are still sceptical over the long-term prospects of digital currencies. The first decentralised currency, Bitcoin, paved the way for the massive success of various altcoins that is giving Bitcoin a run for its value. Even though Bitcoin remains a leader on the cryptocurrency charts traders believe that many altcoins are showing more promise for the future.

When you’re looking for altcoins or alternative cryptocurrencies to Bitcoin, there are various factors to consider. These factors, essentially, allows users to make valuable investments and broaden their cryptocurrency trading portfolio for the next few years.

 

The market’s solid cryptocurrencies

Cryptocurrency traders should always look out for a security, innovation and incentives.

The current Digital Age in which all of our information is online leaves us at risk of becoming victims to hacking and scams. It is important to ensure your cryptocurrency has the latest security protocols in place. Industry leading platforms such as Coindirect, will make use of advanced encryption, as well as blockchain technology to keep all user accounts safe.

When it comes to innovation in the cryptocurrency market, the more innovative a cryptocurrency is, the more likely it will be adopted on a large scale. This is for the simple reason that the amount of people invested in a digital coin determines its value. This is why Coindirect offers trades on the coin market caps top cryptocurrencies.

Finally, if you are on the lookout for a reliable alternative cryptocurrency to Bitcoin, then you should consider the incentives it has to offer. The more incentives in place, the quicker the coin will be adopted by merchants on platforms.

Many altcoin developers have jumped on board the cryptocurrency industry and taken the opportunity to create affordable and fast-growing altcoins. The following cryptocurrencies have shown great value on the cryptocurrency market in 2018.

 

  1. Litecoin’s persistence makes it a winner
    If you are looking for a secure, reliable and stable cryptocurrency investment, Litecoin challenges Bitcoin at every opportunity. It is, after all, the silver to Bitcoin. The digital currency makes use of a different hashing algorithm. As such, it is now second only to Bitcoin for purchases on the darknet. Litecoin has been around since 2011 and its longevity could be contributing to its popularity.2. Ethereum’s smart contracts are still going strong
    Ethereum is based on smart contracts. The security included in this kind of verification guarantees that ETH will only continue to develop form strength to strength. A smart contract is a computer protocol intended to facilitate, verify and enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third-parties. This is what makes Ethereum a decentralized cryptocurrency.

    3. Trading anonymously with Monero
    For traders, Monero is a logical choice. In a world where we are constantly being monitored, people are starting to value their privacy above and beyond anything else – especially taking into account the ongoing talks of cryptocurrency scams. Anonymity is what makes Monero so valuable for the future. The cryptocurrency code requires less trust than the “trusty” key ceremony of ZCASH. Not to mention, the fair launch that Monero had, unlike the DASH cryptocurrency.

Today, we live in a Digital Age where we look at forecasting the future of cryptocurrencies. Inspired by phenomenal growth and massive returns on initial investment, altcoins are starting to lead the charge in the cryptocurrency markets.

 

Coindirect is running an XRP and Cold Storage Hardware Wallet Giveaway

For the month of October 2018, we’re giving away 150 XRP* and one Nano Ledger S  hardware wallet*.

Follow the below links for more information on how to enter each competition.

  1. 150 XRP: https://blog.coindirect.com/ripple-giveaway
  2. Ledger Nano S: https://blog.coindirect.com/ledger-nano-giveaway

 

Access our integrated platform and #OwnTheFuture with Coindirect.