If you a new to cryptocurrency you may be wondering how you can convert your precious Bitcoin into some juicy looking altcoins that will probably provide you much greater dollar based returns in the long run.
Investing in cryptocurrencies is a risky decision and I wouldn’t advise anyone to be putting their life savings into a new fund, however buying some altcoins with some spare cash you have laying around is certainly a risk I would take and many of my investor friends would when the upside is so large.
Be careful and remember not to pick up questionable coins such as Tron (TRX) which has been in a lot of drama recently.
A favorite cryptocurrency of mine is Ripple, it’s only been on the circuit for a couple of years now. Ripple is used in the banking sector as an easy and cost effective way to transfer money across borders for very little fees and without paying large exchange rate costs. Many banks have adopted this technology such as Santander, Barclays and American TD.
Another one of my favorites is WaltonChain. Walton is looking to build a supply chain protocol that allows tracking of products through blockchain technology alongside RFID chips. Many Drs, PhDs and experienced team members are lined up in their company, and we are sure that they will be successful in helping companies follow their products and improving authenticity technology that has been plaguing companies for months. Walton isn’t the only competitor in this space though, we’ve seen the very quick growth of VeChain, WABI and many others.
If you’re wondering how you can obtain all of these new cryptocurrencies then look no further than Bittrex. Bittrex is an established exchange that has been providing services for users for years. Some of the coins on the exchange date back a few years atleast. You can sign up for Bittrex by following this tutorial: How To Buy Altcoins On Bittrex.