1. Who is the crypto team?

Who invented the cryptocurrency? What is their background in finance? Who is part of the team? Have they all been successful in finance in the past? these are just a few questions that you should look for when investing in a cryptocurrency. The founder and team behind it are vital in success. You want an ambitious, knowledgable and skilled team with a proven record of success. Needless to say, the cryptocurrency is much more likely to fail with a weak team behind it.

2. Have they got a strong community behind them?

It’s important that the cryptocurrency you invest in has a strong community and a loyal following. It shows that many different people believe in the success of the project. If you notice there is not a strong community behind crypto but you strongly believe in the project – do more research first! You’ll probably find out there’s a good reason for this. A fast and efficient way to find out about the community is through social media, such as Twitter and YouTube. Have a look at what people are saying about it and make your own judgement! Many talented investors give away free advice on their YouTube channels so you’d be foolish to not check them out. They will give lots of advice about your potential investment and ultimately help you make the right choice for yourself.

3. What’s the vision?

The vision behind the cryptocurrency is a huge part of its success. You should find out why the inventor created it and their ambitions for its future success. You need to be thinking long-term when you make an investment because this is what will bring you the most profit. Of course, you can invest for short-term gains but it will always have more risk. Therefore, the project needs to be long-lasting. Can you see the coin being around for AT LEAST the next 10 years? If not, do not invest. The creator and team should have a big future vision for the coin. Also, find out what makes the coin different and a strong competitor against others.

4. What is the technology behind it?

The underlying technology behind the cryptocurrency is ultimately what will be responsible for its success. You need to ensure you understand how the coin is competing against other coins. You should be asking – what makes it different? what makes it better? It will be helpful to look at some of the most successful coins to compare, such as Bitcoin (BTC) or Ethereum. Look at what it was about the technology behind them that made them a success. Then compare to the coin that you’re potentially investing in. Do you believe it’s as strong? If you’re a beginner at crypto, you might find the technology part a little confusing. Watch YouTube videos and get the best understanding you can. You want to choose a cryptocurrency with innovative technology!

5. What is the pricing history?

It’s important to look at the past behaviours and trends of a cryptocurrency for a better understanding. Interactive Crypto is a great website to visit to check the pricing history. It gives access to the prices and charts for almost every cryptocurrency in the market. As well as daily news and updates! You will also be able to access all historical data from the crypto from when the project was first launched. Needless to say, you shouldn’t fully judge a crypto coin on its history, the present success and future envisioned success is much more important. However, its pricing fluctuations will give you a great insight into whether it had a strong history or not. And can give you more confidence in its future if it’s consistent in moving upwards.

6. Have you read the White Paper?

And last but not least, have you read the white paper? This will answer every single important question that you have about cryptocurrency. Every time a new cryptocurrency is released, they will bring out a white paper too. This gives potential investors a detailed insight into the project and outlines what they are investing in. It will include the technology and how it works, future goals and visions, the team and so much more. All of the questions above will be answered in this if you can get your hands on one! If the cryptocurrency that you decide to invest in doesn’t have a white paper, it’s probably not as advanced and professional as you think. The white paper is unquestionably the best source of information on any cryptocurrency.

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Despite the huge crash in value on April 21st due to Elon Musk announcement, Bitcoin (BTC) still remains the top Cryptocurrency to invest in. Bitcoin has an incredible history of bringing outstanding long-term financial gains. It’s unquestionably the coin that’s increased the most in value! In 2010, Bitcoin was $0.08 per one coin. Now in 2021, one coin is worth an astounding $37,965.20. So if you were one of the lucky ones to invest over 10 years ago you’ll be extremely rich. Bitcoin is a very solid project so investing is likely to mean you’ll make financial gains over the years.

2. Bitcoin Cash (BCH)

Bitcoin Cash was introduced by Bitcoin (BTC) developers after concerning about the future of Bitcoin (BTC). It offers lower transaction fees and quicker wait times on its network. It can handle an impressive number of transactions that surpasses Bitcoin (BTC). The project is not as solid and stable as Bitcoin (BTC) but it oozes potential. It’s a great way to diversify your crypto portfolio.

3. Ethereum (ETH)

Ethereum has a share of roughly 18% of all of the crypto market and has been a favourite (just below Bitcoin) for a long time now. It has had a long list of founders since 2015 and has become the second-largest cryptocurrency by market capitalization ($276 billion)! The project aims to cut out third parties such as brokerages and banks which makes it an exceptional money-saving platform for users.

4. Cardano (ADA)

Cardano was also founded in 2015 by Charles Hoskinson, a co-founder of Ethereum. He has left Ethereum (a much more solid and valuable crypto) with goals to make Cardano the leading cryptocurrency. He plans to do this before his platform is designed to use just a fragment of the energy that Bitcoin and Ethereum are currently using. It is currently the 5th most valuable cryptocurrency set at $43 billion! Many of its contracts will be activated in 2022 so we can expect big things.

5. Dogecoin (DOGE)

You’re more likely to hear dogecoin being referred to as ”doge” after the Shiba Inu dog meme circulated the internet. It has become the 8th most valuable cryptocurrency set at $129 billion! Despite the major crypto crash, Dogecoin has risen over 4,500% in 2021 and continues to rise. Billy Markus and Jackson Palmer initially created it as a joke or a somewhat lighthearted take on the blockchain craze. But much to everyone’s surprise, it actually became an extremely valuable investment.

6. Polkadot (DOT)

Gavin Wood, also a co-founder of Ethereum, created Polkadot (DOT) in 2016. No doubt this gave him a huge advantage and is the reason that Polkadot has become one of the top cryptocurrencies in 2021. It aims to acts as a bridge between networks and has updated features that make it quicker and more accessible than its competitors. Its progress has stayed consistent since the beginning and it presents a solid project.

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1. Don’t invest all of your savings into cryptocurrency

This might seem obvious, but you’ll be surprised at the number of people who invest all of their savings into cryptocurrency within minutes. It is actually recommended by finance experts, that you keep your cryptocurrency investments at 5% of your portfolio. This is because (as mentioned above) the crypto market is extremely volatile and risking all of your money has the potential to become very financially damaging. For people investing in 2021, you should learn something from the huge Bitcoin crash. There are huge financial risks involved so never put all of your eggs (cash) into one basket.

2. Choose Your Cryptocurrency

Before choosing which cryptocurrency to invest in, it’s important that you know all of the essential information about it. So it’s time to get researching! There are many factors you should look at before choosing. Such as the community, the team, the fundamental analysis, the technology, their vision, leadership skills, pricing history, reputation and future goals. Don’t just choose the one you like the sound of and hope for the best. It’s a recipe for disaster (and financial losses). Check out our Top Cryptocurrencies to Invest in 2021 page for a list of our recommendations and information on each cryptocurrency.

3. Choose a Reputable Platform to Buy Cryptocurrencies

It’s very important to research each platform before depositing any cash. You need to be 100% sure that the platform is reputable and your money will be safe and secure. It’s always a good idea to read reviews beforehand so you can read real customer experiences. There are many incredible platforms but also a lot of frauds out there too. Beginners are usually the targets so educated yourself and do your research! Here is a list of our recommendations of trustworthy platforms to help you out:

• Coinbase
• Gemini
• BlockFi
• Uphold
• Kraken
• eToro
• Bitcoin IRA
• Crypto.com
• Binance
• Hodlnaut

4. Store Your Cryptocurrency

Depositing cash into whichever platform you’ve decided on and buying crypto is a fairly quick and straightforward process. But choosing which wallet to keep it stored in can be harder. You should find the wallet that is most suitable for you. The two distinctions between wallets are hot or cold. If you choose a hot wallet then it will be connected to the interest and easily accessible. However, if you choose a cold wallet, it will not be connected to the internet and you can access it when offline. The cold wallets are usually the choice for long-term investors that are not going to be checking it each day.

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