Bitcoin is the first and most dominant cryptocurrency, and as such, it is in the top five most valuable coins in the world. But you can buy almost any digital asset through an online exchange or a physical store, when it comes to Bitcoin, you just need to know how to buy bitcoin the right way. This is a great way to gain exposure to cryptocurrencies, and you can make some quick money with some of the top coins. Here are the Top Ten Cryptocurrencies that are currently in the market:
1. Bitcoin (BTC)
The leading cryptocurrency on the market today. The digital currency is based on a mathematical formula that takes Bitcoin mining to another level, thanks to its open source, decentralized system. Although many people believe Bitcoin to be a bubble, it is still far from being a bad investment. As of August 15th, 2018, it is the third most valuable cryptocurrency.
2. Ethereum (ETH)
Ethereum is another cryptocurrency based on blockchain technology. The new digital currency has the potential to overtake Bitcoin as the most valuable one, but the process of mining Ethereum is slow. The digital currency, which is created by a complicated computational system and run as a network, has grown by over 10,000% in the last year. 3. Ripple (XRP) Ripple is another digital currency and the third-most valuable one on the market today. This crypto-currency allows for instant, global transfers between multiple banks and businesses. However, it has a limited supply of 1 billion. 4. Litecoin (LTC) Litecoin is another alternative cryptocurrency, which allows users to make payments using a combination of electricity, processing power and a server computer. 5. Dogecoin (DOGE) A new digital currency, it started in late November and is currently ranked the #5 in the top 10 most valuable cryptocurrencies on the market. It’s mainly used on the popular Dogecoin Reddit community and was officially launched on Dec 21st, 2013.
How to Buy Bitcoin Now
The process of purchasing Bitcoin on Coinbase is actually very simple. Simply go to the Coinbase website and sign up for an account. Then select the type of account you’d like to open and input your country of residence.
After filling in all the necessary details, it’s time to set up an account and set up a new wallet. The Coinbase application is incredibly simple to use. From a click of a button, you can buy Bitcoin and other cryptocurrencies. You can also choose to buy a portion of your funds in different cryptocurrencies (which may include Litecoin). How Bitcoin Works You probably already know that Bitcoin is actually a digital currency that uses peer-to-peer networks to process transactions. Bitcoin uses the Blockchain for record-keeping and is updated by a network of computers to keep track of all transactions that have been made. The Blockchain is essentially a shared public ledger of all Bitcoin transactions that have taken place, and it is updated 24/7. A person in possession of the Bitcoin wallet (their private key) can spend the Bitcoin that they own by scanning the QR code on the Bitcoin wallet, which appears on their phone. Sending Bitcoins to a friend, family member, or company is much the same, but instead of sending them an e-mail, the person scans a QR code and a Bitcoin transfer is sent to them. The transfer is done by creating an account on a Bitcoin wallet and entering a payment address. The payment address is unique to the Bitcoin wallet in question and is made up of a four-digit alphanumeric string that is part of