• This article will share the eight best cryptocurrencies to invest in Australia in 2022.
• To ensure your investment goes on the right, you must know how to buy bitcoin in Australia, the ways, and the steps guide.
• The most profitable cryptocurrencies you can invest in are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Cardano (ADA), Polkadot (DOT), Uniswap (UNI) and Chainlink (LINK).
Investing in Cryptocurrencies In Australia
The crypto industry has grown exponentially over the years and more investors are investing in digital currencies. If you’re based in Australia and planning to invest in crypto this year, this article will help you make the best decision. It is important to understand how to buy bitcoin in Australia before deciding on which cryptocurrency to invest in.
Most Profitable Cryptocurrencies
In total there are around 15,000 different cryptocurrencies available with new ones being launched all the time. To ensure your investment goes on the right path it is important to pick a suitable virtual currency that has potential for growth and return on investment. Here are 8 of the most profitable cryptocurrencies that you can invest into: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Cardano(ADA), Polkadot(DOT) , Uniswap(UNI) and Chainlink(LINK).
Bitcoin was created first back 2009 by Satoshi Nakamoto and since then it has been one of most popular choice when it comes to investing into a cryptocurrency due its security features as well as its value appreciation overtime. Currently 1 BTC is worth around $65,000 USD meaning if you invested at any previous point during its lifetime your money would have tripled or quadrupled depending when you began investing.
Ethereum was one of the first altcoins created after Bitcoin’s success back 2013 by Vitalik Buterin and since then it has gained massive recognition across industries due its ability offering smart contracts and decentralized applications built from their own platform called blockchain technology which makes sure all transactions are secure without interference from third parties such as governments or banks . Currently 1 ETH is worth around $4200 USD meaning if you had invested at any previous point during its lifetime your money would have doubled or tripled depending when you began investing .
Ripple & Other Cryptocurrencies
Ripple was created back 2011 by Jed McCaleb with an aim of providing fast international payments with low fees compared alternatives like SWIFT transfers which normally take days process compared few seconds for XRP transactions . Other cryptocurrencies such as Litecoin ,Cardano ,Polkadot Uniswap & Chainlink also offer great potential returns for investors who decide them as part their portfolio diversity strategy .