On DigiFinex, you can buy Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), and Ethereum Classic (ETC). While we can’t recommend one currency over another, we can still share a few approaches that can help you decide which crypto is right for you.
One simple option is buy some of each currency. It’s a straightforward way to get started without playing favorites.
Another good option is to ask yourself what you’re hoping to do with crypto and choose the currency that will help you achieve your goals. For example, if you want to buy a T-shirt with crypto, then Bitcoin might be a good option because it is the most widely accepted cryptocurrency. On the other hand, if you want to play a digital card game, then Ethereum is a popular choice.
Do I have to buy a whole coin?
This one’s easy — you do not need to buy a whole coin. On DigiFinex you can buy in increments as little as 2 dollars, euros, pounds, or your local currency.
When is the best time to buy cryptocurrency?
If you’re buying cryptocurrency to spend it, gift it, or donate it, then you’ll want to buy it before you plan to use it. When is the exact best time? Like many financial decisions, it depends on a lot of factors: which cryptocurrency you’re buying, the reason you’re buying it, your personal financial situation, and the current state of the overall cryptocurrency market — just to name a few.
At DigiFinex, we recommend being skeptical of articles or social media posts that claim to know which cryptocurrency to buy or when to buy it. The authors may have a personal interest in affecting the price of a cryptocurrency they recommend. Instead, always do your own research or seek help from an accredited financial advisor to decide which cryptocurrency to buy and when.
What is cryptocurrency mining?
Mining is the process of validating other people’s transactions with a computer and then adding them to the long, public list of all transactions known as the blockchain. In exchange, people get rewarded with cryptocurrency.
Anyone with a computer and an internet connection can become a miner. But before you get excited, it’s worth noting that mining is not always profitable. Depending on several factors, such as which cryptocurrency you’re mining, how fast your computer is, and the cost of electricity in your area, you may end up spending more on mining than you earn back in cryptocurrency.
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