Cryptocurrency Investment in Australia: The 8 Best Cryptocurrencies for 2022
• This article will share the eight best cryptocurrencies to invest in Australia in 2022.
• Australian investors are increasingly financing cryptocurrencies and adding them to their investment portfolios for diversity.
• Learn how to buy Bitcoin in Australia, its ways, and steps guide to get started with the best Australian cryptocurrencies in 2022.
Introduction
Investing in cryptocurrency is becoming more popular by the day, especially here in Australia. With over 15,000 different types of digital currencies available on the market, it can be overwhelming trying to pick out which one is right for you. To make sure you don’t end up losing money on bad choices, this article will help you make an informed decision when it comes to investing in crypto this year by sharing the 8 best cryptocurrencies to invest in Australia for 2021. In addition, we’ll provide some tips on how to buy Bitcoin securely too!
The 8 Best Cryptocurrencies for Investing
When choosing a suitable virtual currency to invest in, many people tend to pick from the most well-known coins – here are 8 of the most profitable ones:
• Bitcoin (BTC): As the first decentralized online cash system released back in 2009, Bitcoin has been around longer than any other type of cryptocurrency – and as a result it is still one of the most popular options among Australians wanting to invest. Its circulation has become increasingly limited (with only 21 million coins available) so its value has gone up drastically over time – reaching an all-time high of $65K back in April 2021.
• Ethereum (ETH): Ethereum is another popular choice amongst crypto investors because of its versatility – not only can you use it as digital money but also as a platform for buying/selling goods or services and even paying rent! It’s also seen an increase value since its launch a few years ago now reaching above $3k per coin!
• Ripple (XRP): Ripple is another great option if you’re looking for a secure and reliable way to transfer funds globally without having to worry about exchange rates or fees. One XRP coin currently costs just under $1 making it relatively affordable compared with other cryptos out there! Additionally, Ripple’s blockchain technology allows transactions between two parties within seconds – quicker than any traditional banking system.
• Litecoin (LTC): For those who want something that’s faster than Bitcoin but still provides security features then Litecoin might be your ideal choice. It was designed as a ‘lightweight’ version of BTC so can process transactions much quicker; however some investors have found that holding onto LTC long-term can also yield returns due its increasing popularity among traders worldwide! Currently each coin costs almost $200 USD.
• Monero (XMR): Monero stands out from other cryptos because it offers complete anonymity when transferring funds – no identity disclosure required whatsoever meaning users don’t have fear their account being hacked into or monitored by third parties such as banks or governments like with traditional currency systems! Each coin currently costs around $203 USD making Monero an affordable option too!
• Dash (DASH): Dash is quickly becoming one of the top cryptos due its low transaction fees and fast processing speeds – perfect for those who need quick payments without incurring large amounts extra charges like what may occur when using credit cards or bank transfers etc.. One DASH coin currently goes for just under $500USD so if you’re interested this could be worth considering before investing elsewhere!
• Zcash (ZEC): If privacy & security are top priorities when looking into cryptocurrency investments then Zcash should definitely be taken into consideration; unlike regular crypto coins where all financial information related such as amount sent/received etc.. remains publically visible – Zcash encrypts these details so they remain private at all times thereby providing extra protection against fraudsters & hackers trying gain access your funds without permission! A single ZEC token currently costs around $229USD each today…
• Dogecoin (DOGE): Last but not least is Dogecoin – originally created as a joke based off ‚Doge‘ meme trend back 2013 but surprisingly gained serious traction amongst traders & investors after Elon Musk tweeted his support back February 2021 pushing price per DOGE token up close 700% soon after his tweet went viral online!! Today each Dogecoin costs just under 1 cent making them extremely affordable & accessible regardless budget size…
Conclusion
As mentioned earlier there are numerous options available when it comes investing cryptocurrency down under however picking right one requires knowledge skill set so learning basics beforehand recommended ensure success future endeavours here field finance technology specifically digital assets investments such Bitcoins Etherum Ripples plus many more listed above depending individual preference needs wants goals objectives etcetera… Good luck everyone please remember always trade safe responsibly responsible manner trust yourself instincts take calculated risks avoid unfortunate losses possible while attempting maximize profits reasonable return capital invested given situation context provided thank reading us hope helped better understand what look out when next time decide enter crypto market scene again enjoy journey ahead cheers!!
Tips How To Buy Bitcoin Securely
If you’re new investing then learning how purchase bitcoin safely essential factor determine whether investment pays off not below few basic tips follow:• Make sure check reviews company selling bitcoins online example Trustpilot website see customer experiences feedback purchases made through service provider history question marks arise surrounding legitimacy authenticity operation run by said entity question answered ease mind moving forward progress path chosen venture
• Double check payment methods accepted seller know applicable regulations apply country jurisdiction located prior entering agreement both parties involved order avoid potential legal issues arise future date once again research completed proceed step necessary . . . . . . . . .. .. .. .. .. .. .. .. . . . . . %