Which cryptocurrency is best?

Ole
01.10.2021
120 Views
Cryptocurrencies

There are thousands of different types of cryptocurrencies on the market today, and you have probably only heard of a few of them. It can therefore be difficult to know which cryptocurrency is the smartest to buy. For which cryptocurrency is really best?

There are divided opinions about this, and everyone may have different preferences. Nevertheless, we have collected some of the market’s best cryptocurrencies in this overview. Find out which cryptocurrency is best for you, depending on what you emphasize!

Best cryptocurrency based on stability and volatility

It is no secret that cryptocurrencies are known to have fluctuating value and high volatility. The fact that volatility is high means that the exchange rate can change quickly, so that the value of the cryptocurrency suddenly rises or falls.

However, if you find the high volatility deterrent, there are cryptocurrencies that are especially good for you. What you should look for are stack coins, which is a common term for stable value cryptocurrencies.

The reason why the cryptocurrency has a stable value is that it follows the same exchange rate as, for example, traditional currency types such as the US dollar, or commodities such as silver and gold. Which cryptocurrency is best in the genre of stablecoins? Here are some good choices:

  • Tether (USDT)
  • USD Coin (USDC)
  • True USD (TUSD)
  • Paxos Standard (PAX)
  • Binance USD (BUSD)

Best cryptocurrency based on security and ease of use

If you are looking for a cryptocurrency that is proven and secure, Bitcoin may be the very best choice. Bitcoin is the oldest cryptocurrency of them all, and has been around since 2009. For many, this is the “original” cryptocurrency.

Bitcoin has almost become the face of cryptocurrency on the outside, and is therefore easy to obtain at most crypto exchanges. Should it be an online store or an online casino that offers payments with cryptocurrency, yes, then the chances are high that Bitcoin is offered.

Bitcoin is also known for its good security solutions. All in all, this is a very safe and well-known cryptocurrency, and at the same time it is easily accessible. This makes it a very user-friendly alternative.

Litecoin and Ethereum are also good options for you who are looking for a safe and efficient cryptocurrency that is well-proven.

  • Bitcoin (BTC)
  • Litecoin (LTC)
  • Ethereum (ETH)

Best cryptocurrency based on efficiency and transfer speed

Sometimes you may need a fast and efficient cryptocurrency that allows you to transfer money in seconds. Cryptocurrencies such as Bitcoin generate a new block to the blockchain every ten minutes, making it relatively “slow”.

Frequency of generating new blocks has a lot to say for how fast a cryptocurrency is in terms of transfers. Load on the network and how complex the transactions are can also play a role.

So, which cryptocurrency is best in terms of transfer rate? Here are some of the cryptocurrencies that are known to be lightning fast, whether you transfer to the neighbor or the other side of the globe:

Ripple came on the market in 2012, and is known for being one of the fastest cryptocurrencies. The blockchain can actually process an impressive 1,500 transactions every single second. The average time for verifying the transaction is only 3-5 seconds.

Which cryptocurrency is best in terms of anonymity?

Many people are extra concerned that privacy is fully safeguarded when they use cryptocurrency. Most forms of cryptocurrency are very secure and anonymous. Generally, you get an address in the form of a crypto key that consists of numbers / letters.

This is the address used to perform transactions. Since you do not share your name, most forms of cryptocurrency are very anonymous compared to traditional currency.

However, there are some cryptocurrencies that stand out as extra anonymous. Monero is among these. Monero is, according to those who created the cryptocurrency, the only cryptocurrency that allows the user to be anonymous from the start.

Both the amount and the recipient / sender’s identity are completely anonymous. This is due to advanced technology such as RingCT, Ring Signatures and Stealth Addresses. Zcash, DASH and Horizen are also known for maintaining anonymity to a large extent.

  • Monero.
  • Zcash.
  • DASH.
  • Horizons.

Which cryptocurrency is best in terms of value growth?

Many people who buy cryptocurrency are primarily looking to make a favorable investment. This means that they hope that the value of the cryptocurrency will rise, so that it can be sold more expensively than it was bought.

This can in many ways be compared to buying shares with high volatility, which means that the value can rise sharply, but also fall.

The value of different cryptocurrencies can naturally vary, and it is therefore not certain that the recommendations we get here will be valid in a few years.

Here is an overview of cryptocurrencies that are considered by many to be smart investments in 2022, with a view to potential growth in the future:

  • Bitcoin.
  • Litecoin.
  • Ethereum.
  • Dogecoin.
  • Binance Coin.
  • XRP.

Choose a cryptocurrency that suits your needs

There are countless forms of cryptocurrency, and it can be difficult to know what to choose. Some are looking for anonymity and privacy, while others are more concerned with transfer speed, availability or stable rates.

In this guide, you will hopefully get a better overview of which cryptocurrency is best for you and your needs. For some, Bitcoin is a sure winner, while for others, Tether or Ripple is best.

If you are not sure which criteria are most important to you, it may be okay to go for a well-known and secure cryptocurrency such as Bitcoin, Ethereum or Tether.

FAQ

[sc_fs_multi_faq headline-0=”h2″ question-0=”Hvilken kryptovaluta er best for nybegynnere? ” answer-0=”Dersom du skal kjøpe kryptovaluta for første gang, kan vi anbefale deg å gå for en enkel og trygg kryptovaluta som for eksempel Bitcoin, Litecoin eller Ethereum.” image-0=”” headline-1=”h2″ question-1=”Hvilken kryptovaluta har flest brukere?” answer-1=”Bitcoin er den kryptovalutaen som har klart flest brukere. Rundt 66 % av alle med kryptovaluta på verdensbasis antas å ha Bitcoin.” image-1=”” headline-2=”h2″ question-2=”Hva er de mest populære alternativene til Bitcoin?” answer-2=”Ethereum og Litecoin er blant det alternative kryptovalutaene til Bitcoin som kan skilte med flest brukere på verdensbasis. Disse alternative myntene kalles gjerne altcoins.” image-2=”” count=”3″ html=”true” css_class=””]

Author Ole

Ole jobber som freelance forfatter/skribent, men er også med på vårt team. Han har hatt en interesse for krypto i flere år og det er naturlig for han å opplyse andre om denne fantastiske teknologien. Ole sier selv at å skrive om kryptovaluta ikke er en jobb, men en lidenskap! For oss kan det jo ikke bli bedre!