Maybe you’ve heard about Bitcoin because this is coin (Cryptocurrency) which was first created cryptocurrency in world. This is the king of the Digital currency till now but after that lots of other cryptocurrency were born so all of these currency called altcoin (Alternative coin), they are growing day by day. According to the coinmarketcap.com there is 1567 Altcoin exist in the Cryptocurrency space, this is exact on date 16th April 2018. Top ten altcoin are given Below:
Ethereum (ETH)
Ripple (XRP)
Bitcoin Cash (BCH)
Litecoin (LTC)
EOS (EOS)
ADA (Cardano)
XLM (Stellar)
MIOTA (MIOTA)
NEO (NEO)
Benefit, potential and risk of the Altcoin?
If we talked about the benefits of the altcoin then they are in early phase so they are more volatile than Bitcoin. If we look in the early phase of Bitcoin its same for Bitcoin. But, however Cryptocurrency is volatile. For example, just have a look bitcoin on 2017 Jan 2017 the one bitcoin price was 963.66 USD and after one year the price went to 14,156 USD On 01 of jan 2018 this is the increase of 1469% in one year alone. This is the huge profit, but
Picture: Price of Bitcoin from 2017 Jan 01 to 2018 Jan 01 (Source: Coinmarketcap)
Bitcoin is trusted by many people but altcoin they are just trying to take foot on the market so risk are higher than bitcoin but rewards is also high. Because Bitcoin price is not going to increase by 1400% this year, because of now, one bitcoin price is around 8,000 USD to increase 1400% the price need to increase 112,000 USD it is unlikely to happen in one year. In the long term you can get this profit like this but within one year it's almost sure that it will increase by this percentage.
However, there are lots of altcoin (Alternative) Coin which price is very less so that this coin might increase by 500%, 1000%, 1500% or more than that.
Picture: Top 10 Altcoin price (Source: Coinmarketcap)
This picture show top 10 Alcoin in the market, most of their price is very low, like they have a lots of are to increase. They have potential to increase.
If you want low risk and reward then bitcoin is better, but just think about Altcoin, they might make you rich within one year, two year. Remember your 1$ could make lots of money. For example, if you would put 1$ on 2009 to the bitcoin then you will have at least 100,000$ on 2018. For long term your 1$ Could be very worth for you. So, from today buy a worth of 10$ Bitcoin, litecoin or any thing. So that in long term you take lots of profit.
Where and how to buy Altcoin?
Like fiat currency you can exchange altcoin with Bitcoin on lots of cryptocurrency exchange website but the question is how you can buy your first bitcoin. The best way to buy your first bitcoin is using coinbase after that you have to send some bitcoin in the exchange website then you can exchange altcoin with bitcoin.
If you want to buy Bitcoin on Coinbase just click on this link:
https://www.coinbase.com/join/59af6e9fc308a500a8f9bf45
Picture: Coinbase Home page (Source: Coinbase.com)
After that, there are lots of Altcoin exchange you can find in but these are the most secure and trusted exchange
Bittrex
Poloniex
Binance
Bittrex
This is the most popular altcoin exchange website, you can find around you can buy altcoin using Bitcoin, ethereum and USDT but You can buy lots of Altcoin using Bitcoin.
Picture: Home Page Bittrex (source:Bittrex.com)
www.bittrex.com is the website to create a account on bittrex.
Poloniex
Poloniex is the easy bitcoin exchange website it has a good screen and easy to use tools
Picture: In Front page of Poloniex (Picture: www.poloniex.com)
www.poloniex.com is the website to create a account on this bitcoin exchange.
Binance
Binance is also another most popular Bitcoin and Altcoin exchange website it has a Computer native client as well Ios and Android program so it makes a easy to trade altcoin and Bitcoin.
https://www.binance.com/?ref=11187879 this is the link to create a Binance account.
Conclusion
If you got any problem during creating the account of any of these Website just ask , or give us a feedback so that we can help each other in the Cryptocurrency world.
For more
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https://www.facebook.com/Cointrader2017/
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Link to make a Coinbase Account:
https://www.coinbase.com/join/59af6e9fc308a500a8f9bf45
Contact us: cointrade@cybeman.com