Cryptocurrencies are making big waves in the digital market. It does not follow the traditional banking system, and you can make direct transactions faster and at a lesser fee. After Bitcoin emerged as a supremo in the digitized world, there has been an influx of various cryptocurrencies. Some of them could withstand the storm of competition, while the others just faded out of the scene. Investing in different cryptocurrencies also expands your crypto portfolio and will help you overcome the price volatility of the crypto market. Following is an overview of five cryptocurrencies holding firm ground in Crypto The News Spy
- Stellar (XLM)
If you want to gain investors’ confidence in the crypto world and emerge as a winner, then there has to be an ideal combination of speed and cost. Steller, one of the types of cryptocurrencies, is gradually gaining popularity because of its exceptional features. The transaction speed is outstanding, and the transaction cost is less. You can easily store and transfer your money at no additional cost.
Stellar is a decentralized, open-source platform. You can buy Stellar using your credit or debit card. You can easily convert your digital coins into fiat money and vice-versa. Moreover, it also allows cross-border transactions between any currencies. Some of the benefits of Stellar are as follows:
- Flexibility – A user can set up a loan account, savings account, and even a current account for their business. Hence, flexibility is the key feature of Stellar.
- User-Friendly – The platform has an easy-to-use interface, which makes it convenient for the users to operate.
- Low transaction fee – One of the benefits of using Stellar is that the transaction fee is comparatively less for receiving and sending money.
- Dogecoin
Dogecoin is also an open-source, peer-to-peer technology. It is unique since there is no cap on the number of Dogecoins in the market, unlike Bitcoin. The mining of Dogecoin is faster than other cryptocurrencies. You can purchase Dogecoin from any crypto trading platform with the help of your debit or credit card. You can also purchase Dogecoin by bank transfer.
After purchasing Dogecoin, you must invest in a digital wallet to ensure your money is safe and secure. After generating the PIN, you can access and make transactions online. Since the working of Dogecoin is based on blockchain technology, your investment is safe.
- Binance Coin (BNB)
The Binance Coin is the largest cryptocurrency in circulation, where you can trade and pay fees quickly. Binance users can avail of discounts if they transact on the Binance platform. It is a valuable cryptocurrency as there are many uses. Following are some of the uses of the Binance Coin:
- Trading
- Credit card payment
- Easy Processing of payment
- Booking flights and hotels.
- Entertainment
- Investment
- Loans and transfers
- Monero (XMR)
If you are looking for a crypto coin that offers security and privacy, then Monero (MXR) is the best solution. The working of Monero is like other cryptocurrencies, and what makes Monero different from other cryptos is that it uses essential concepts:
- Stealth Address – The stealth address helps the user to generate a one-time address for individual transactions. Users can use the private view key and private spend key. The private view key enables the user to check all the transactions. The private spend key is like a PIN, without which you cannot make any transactions.
- Ring Signatures – The ring signature is like a digital signature that works on the principles of the private key.
- Polkadot
You can buy and sell PolkaDot from any crypto exchange. One of the features of PolkaDot is that the data can flow between two blockchains without a mediator. The transaction and processing time are fast and secure. One of the prime functions of PolkaDot is that it is a governance token. The PolkaDot also acts as a connector between two blockchains, thus allowing data to be transferred easily.
Conclusion
Since various cryptocurrencies exist in the digital market, one must thoroughly research before investing. It is better to choose an Auto-Trading app that is not only safe and secure but also fast. This trading app gives you access to an easy-to-use platform where you can trade in different cryptocurrencies. Besides, you will also get assistance with crypto trading.
