Here's a List of 5 Altcoins for Beginner

Bittime – Altcoins are popular with crypto users because they are safer and less risky. And here is a list of 5 altcoins that are friendly for beginners.

What Are Altcoins?

Altcoins, short for alternative coins, are any type of cryptocurrency other than Bitcoin. Think of Bitcoin as the world's first digital currency, then altcoins are a variety of other digital currencies that emerged after that.

Just like Bitcoin, altcoins use blockchain technology which allows transactions to be carried out safely and transparently without intermediaries such as banks.

Each altcoin has its own purpose and function. There are altcoins that are designed to be a means of payment, there are those that are used to run decentralized applications, and there are also those that function as digital assets to store value.

This diversity of altcoins makes the cryptocurrency market very dynamic and interesting.

With thousands of altcoins on the market, choosing which altcoin is right for investment can be a confusing task. However, don't worry! There are several altcoins that are quite popular and considered beginner-friendly because they have good growth potential and a strong community.

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Why Should You Choose Altcoins?

The following are considerations for choosing Altcoins even though Bitcoin and other types of crypto coins have potential.

• Higher profit potential: Despite their higher volatility risk, many altcoins have much greater growth potential than Bitcoin.
• Technological innovation: Altcoins are often pioneers in the development of new blockchain technologies, such as smart contracts and decentralized applications (dApps).
• Portfolio diversification: Having a variety of altcoins in a portfolio can help reduce investment risk.
• Support innovative projects: By purchasing altcoins, you indirectly support projects that are trying to change the world with blockchain technology.

5 Beginner-Friendly Altcoins

For those of you who have just entered the world of crypto and are considering investing in Altcoins, here are 5 Altcoins that are friendly for beginners.

1. Ethereum (ETH)

As the second largest altcoin after Bitcoin, Ethereum is the most widely used blockchain platform for building decentralized applications. Ethereum is often considered the "heart" of the cryptocurrency ecosystem.

2. Binance Coin (BNB)

BNB is the native token of the world's largest cryptocurrency exchange, Binance. BNB is used to pay transaction fees on Binance and provides various benefits to its holders.

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3. Cardano (ADA)

Cardano is known as a blockchain platform that focuses heavily on research and development. Cardano has a highly experienced development team and a clear roadmap.

4. Polygon (MATIC)

Polygon is a layer-2 solution for Ethereum designed to increase scalability and reduce transaction costs. Polygon has become very popular among dApps developers.

5. Chainlink (LINK)

Chain link is an oracle project that connects real-world data with blockchain. Oracle is essential for the development of dApps that require data from external sources.

How to Buy Altcoins: A Guide for Beginners

Buying altcoins can be your first step in the world of cryptocurrency investment. Here are the basic steps to get started:

1. Choose a Trading Platform

Choose crypto trading platform what you feel is right. Don't forget to learn about the platform's working system and join the community to discuss problems with each other.

2. Identity Verification (KYC)

Most centralized exchanges require identity verification to prevent money laundering and other illegal activities. Prepare the necessary identity documents.

3. Deposit Funds

KYou can deposit fiat currency (rupiah, dollar, etc.) or other cryptocurrencies like Bitcoin or Ethereum to your exchange account. Deposit methods vary depending on the platform you choose.

4. Select Altcoins

Do research about the altcoin you want to buy. Consider factors such as technology, development team, and market potential.

5. Buy Altcoins

Look for a trading pair that involves the altcoin you want (for example ETH/BTC or ETH/USDT). Enter the amount of altcoin you want to buy and confirm the transaction.

Additional Tips in Crypto Trading

Pay attention to the following tips so that you stay safe in crypto investments.

• Security: Protect your account and personal information well. Use two-factor authentication (2FA) if available.
• Diversification: Don't put all your eggs in one basket. Invest in some altcoins to reduce risk.
• In-depth Research: Learn about the altcoin you choose before buying. Understand the technology, team and market potential.
• Transaction Fee: Pay attention to transaction fees, especially on DEXs.
• Store Safely: Use a secure crypto wallet to store your altcoins.

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Safe Way to Store Your Altcoins

One of the most important things in cryptocurrency investment is the security of your assets. Here are some ways to store altcoins safely:

1. Cold Wallet

A cold wallet is an offline storage device that is not connected to the internet. This is the safest method to store your altcoins. Resistant to hacker attacks because it is not connected to the internet. Can be more complicated to use than hot wallets.

2. Hot Wallet

A hot wallet is an application or online service that allows you to store and access your altcoins over the internet. Easy to use and can be accessed at any time. Vulnerable to hacker attacks because it is connected to the internet.

3. Exchange

Some people choose to store their altcoins directly on the exchange where they purchased them. Ease of access to trade. High risk because your funds are under the control of the exchange.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.