5 Cryptocurrencies to have on your watch list as a beginner.
These are the cryptocurrencies you should consider if you don’t have a lot of money. Trust, I’ve been there and my first investment was about $100 when I first bought Bitcoin a few years ago.
Today, not everyone can afford to buy a full Bitcoin, Ethereum, or another cryptocurrency because their prices have increased.
This year, a lot of new people have joined and buying cryptocurrencies either on Coinbase, Robinhood, PayPal, and other exchanges. There are hundreds of cryptocurrency exchanges to buy crypto that is available today.
For this, I’ll use Coinbase which is easy to use. You can use Coinbase Pro for lower fees. Either option is a good choice to get started.
The cryptos I am recommending are cryptocurrencies that I also own. These are not meant to be a day trade to make fast money in a day or two.
I don’t day trade for two reasons.
1. In the US, the taxes are normally higher than if you held your cryptocurrencies for less than a year.
2. Day trading requires a lot more time for you to review charts, follow the price swings, and following your cryptos.
When you invest, you can take a little more hands-off and not have to use a lot of time after you have bought your cryptocurrencies. This doesn’t mean you need to ignore the market completely but you will not have to be focused minute by minute on the price movements.
If you only have $500, these are the five cryptocurrencies you should consider buying:
These are the best cryptos to consider right now and available on the Coinbase platform.