We have seen many well-known companies like Apple, Google, Tesla, Samsung, Facebook and others including cryptocurrencies in their plans. By 23 June 2021, Global crypto market capitalization and volume are at $1.3T. The cryptocurrency market in India has also exploded, with around 10 million Indians investing in crypto.
These digital coins have become a long-term store of value for many. New investors wonder how to buy cryptocurrencies in India. For those who believe that cryptocurrencies will be the norm of the future and want to earn high returns in the process, here are twelve cryptocurrencies that you can add to your financial portfolio.
- bitcoin (btc)
Bitcoin, the first in the cryptocurrency market, was created in 2008. It is also the most prominent cryptocurrency in terms of market capitalization. Decentralized digital currency can be sent from one user to another via the peer-to-peer bitcoin network. This cryptocurrency, which runs on Blockchain technology, has seen price rise and fall and yet it continues to dominate the market. Bitcoin’s high liquidity will benefit traders as long as it exists regardless of market conditions.
Learn how to buy bitcoin in India through WazirX.
- Ethereum (ETH)
Ethereum’s decentralized software platform allows smart contracts and decentralized applications to be designed and operated without third party interference. Ethereum is widely used for the creation and exchange of non-fungible tokens and initial coin offerings. Ethereum’s lead developer Vitalik Buterin co-launched it in 2013. This also made him the youngest billionaire in the cryptocurrency market. After Bitcoin, Ethereum is the second largest cryptocurrency in terms of market capitalization.
- Litecoin (LTC)
Litecoin was launched in 2011. It was one of the first cryptocurrencies in the market after bitcoin. Often referred to as the silver for bitcoin’s gold, it was created by Charlie Lee, an MIT graduate and former engineer. Although Litecoin is similar to Bitcoin in many ways, it has a faster block generation rate which provides faster transaction confirmation times. There is an increasing number of merchants who also accept Litecoin as a method of payment.
- Cardano (ADA)
Charles Hoskinson created a cryptocurrency network for smart contracts along the same lines as Ethereum. He was one of the founding members of Ethereum who left Ethereum to develop Cardano. Launched in 2017, ADA is a not-for-profit digital currency that runs on a technology called Ouroboros.
- Polkadot (dot)
Another Ethereum co-founder, Gavin Wood, collaborated with Robert Habermeier and Peter Kazaban to create Polkadot. They aim to build and connect decentralized apps, utilities and organizations through Polkadot’s network. In addition, their website assures data and identity security for end user control.
- Ripple (XRP)
Launched in 2012, Ripple is a cryptocurrency, payment exchange system and a network called RippleNet. It is built for digital payments, and they promise a fast and efficient way to ensure global payments. They also allow third party development for other uses of XRP. If you want to know more, and potentially invest in Ripple, you can read this blog on How to Buy Ripple.
- Uniswap (UNI)
Through smart contracts, Uniswap’s protocol allows for automated transactions between cryptocurrencies on the Ethereum blockchain. In addition, its developers promise to get rid of unnecessary middlemen for better user control.
- Dogecoin (DOGE)
Billy Marcus and Jackson Palmer, software programmers, wanted to make fun of cryptocurrency speculation. Thus, he created this meme cryptocurrency. Although it was created for satirical purposes, this token could be a worthy investment. Also, you can read this blog What is Dogecoin and How to buy Dogecoin in India?
- Binance Coin (BNB)
Binance Coin runs on Ethereum technology. The BNB token was launched by the world’s largest cryptocurrency exchange platform Binance. It can be used as a discount token to pay fees on the Binance exchange or fuel Binance Smart Chain.
- WazirX Coin (WRX)
WazirX’s utility token is called WRX. For the circulation of 1 billion WRX tokens, Binance Chain (Binance’s blockchain) is used. By purchasing WazirX coins, users can continue to help build WazirX as well as receive rewards. In addition, WRX allows early adopters of the coin incentives such as fee reduction and more perks.
- Bitcoin Cash (BCH)
Bitcoin Cash holds an important place in the history of altcoins; BCH began its life in August 2017 as a separation from the parent chain of bitcoin. Since the bitcoin network has a 1 megabyte (MB) limit on block size, a BCH hard-fork was implemented to increase the block size from 1 MB to 8 MB, allowing blocks to hold more transactions within them. Will give This will also increase the transaction speed.
- Stellar (XLM)
Stellar was founded by Jed McCaleb, the developer of the Ripple protocol. It is an open blockchain network designed to provide enterprise solutions by connecting financial institutions for large transactions. The system allows cross-border transactions between any currency. The currency of Stellar is called Lumens (XLM).
Why should you choose WazirX?
WazirX is a cryptocurrency exchange in India that lets you buy, sell and trade multiple crypto assets like Bitcoin, Ethereum, Ripple, Litecoin, etc. The Platform is available on our website, Google Play Store, Apple App Store, Windows and Mac. OS. WazirX is highly secure, features superfast KYC, lightning speed transactions, simple and practical design, excellent customer service and more. So if you are a new investor or a professional trader, WazirX has you covered!
You can learn how to buy cryptocurrency in India or trade in INR through WazirX’s blog.
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