In which cryptocurrency is it better to invest rubles in 2019?

Hello, I heard a lot about investments in “crypto” and I have a question for you: “Which cryptocurrency is best to invest rubles in 2019 and how can this be done?”Ekaterina Igorevna, 31 years old, St. Petersburg

Hello, Catherine! What cryptocurrency is, we wrote in one of our past articles. Now we’ll tell you more in detail what are the advantages of investing in cryptocurrency. In the material, we also consider which cryptocurrency it is best to invest rubles this year.

For some, investing in electronic digital money is something unusual and incomprehensible, for others it is a profitable way to earn money. At a time when someone is thinking about where it is better to invest money, others are actively investing and improving their material well-being. How to get income on digital money?

Before spending money on acquiring virtual coins, you should find out what is the degree of risk with such investments, what can it lead to, in which cryptocurrency is it more profitable to invest.

1. The benefits of investing in virtual currency

When it comes to talking about the best ways to invest, digital currencies are always meant first. What are their advantages?

Current technology. The formation of virtual digital money is based on blockchain technology, which is increasingly used in various fields of human activity. The use of electronic money is possible in almost every state (except for some). Accordingly, the ability to make profit by cryptocurrency mining or trading on a cryptocurrency exchange can always be wherever.
Price increase. Leading cryptocurrencies tend to grow in value. It happens that the price drops sharply, but after a certain period of time it rises many times. With a competent approach to investing, it becomes possible to easily make a profit by speculating on changes in quotes. We also recommend reading an article on how to make money on cryptocurrency.
Perspective direction. New virtual monetary units are constantly appearing, which in the future will become the object of investing finances. Predicting price increases allows you to improve your own financial situation with little effort.

Any cryptocurrency has its own advantages and limitations.

The first include: confidentiality of foreign exchange transactions; free algorithm code allows anyone to mine it; No central data server it does not apply to price increases (inflation); Bitcoin blocks cannot be duplicated.

Minuses: there are no guarantees for the protection of virtual cryptocurrency storages; government regulators can adversely affect electronic monetary units; high volatility; loss of the key to the virtual storage of electronic currency or its failure causes a complete loss of all savings; with the increasing difficulty of the network, the possibility of using home computers for the extraction of virtual money is lost.

8 promising cryptocurrencies in which it is better to invest rubles

2. Which cryptocurrency is best to invest rubles in 2019 - an overview of the most promising

A successful selection of cryptocurrency affects the success of investments. Here it is necessary to determine a truly profitable digital monetary unit, which cannot turn into a financial collapse.

In the selection should focus on the following criteria:

prevalence (popularity among miners, rising prices; availability on trading floors, etc.);
portability (electronic money should be easily transferred);
security from hackers and scams.

Similar parameters correspond to many current electronic monetary units. For example, bitcoin, ether, lightcoin and so on.

TOP 8 cryptocurrencies in which it is better to invest rubles

So, experts advise investing in promising and reliable cryptocurrencies:

Bitcoin (Bitcoin);
Bitcoin Cash (Bitcoin Cash);
Ripple (XRP);
Litecoin (Litecoin);
Monero (XMR);
Digital Cash (Dash, Dash);
Zero Cash (ZCASH, Zkash);
DogeCoin (DOGE).

notethat at the moment, the fastest and easiest way to invest your rubles in cryptocurrencies is through binary options, since in this case you do not need to purchase the currency itself (create a wallet, monitor its security, deposit and withdraw money to the exchange) , but just guess the direction of movement of the cryptocurrency rate. But here it is important to choose a reliable broker, one of which is OlympTrade.

We also recommend reading our article - “How to Buy Bitcoin”, which provides step-by-step instructions for buying, which, as a rule, is suitable for any other cryptocurrency.

Advantages of investing: constant and rapid increase in electronic currency; loyalty of miners; liquidity, various sales / acquisition methods; make it possible to store their savings; There is no single management center and control by state authorities.

Disadvantages of investing: large commission fee; "braking" of foreign exchange transactions on the Internet; difficulty scaling the structure; legal prohibition of virtual currency in individual states; An increase in the cryptocurrency quote too quickly can result in an equally rapid fall, as cryptocurrency is not provided with anything.

3. The procedure for investing

I. Identify the investment object from the existing digital monetary units (Bitcoin, Ripple, Ethereum, Dash, and so on).
II. Prepare money for investment.
III. Create a cash vault (Blockchain-wallet) for transactions on sale (Read also the material on how to create a Bitcoin-wallet).
IV. Complete registration on the trading floor.
V. Buy cryptocurrency while reducing their value.
VI. Sell and cash out cryptocurrency, which will protect it from abduction by attackers.

Read more about investing in cryptocurrency in our separate article.

4. Probable risks of investing in cryptocurrency

Virtual money is not secured by anything and may be subject to blocking by state regulators.
You can lose everything with a rapid drop in electronic money quotes.
In a large number of countries, the circulation of virtual money is not regulated by law, or is completely outlawed.

In conclusion, we also recommend watching videos -

What is cryptocurrency:

What is bitcoin in simple words, who and when created it, why is it needed:

How to buy or sell bitcoin:

The Rich Pro team hopes to be able to answer your question. If you still have any questions, ask them in the comments below.See you on the pages of our magazine!