What Crypto Is Best? Part 1.
By Luke Flowers – Cryptocurrency Dealer
Buying Bitcoin and Ethereum tends to headline when it comes to investing in cryptocurrencies, with approximately 1,500 crypto-assets in circulation, each has a different design and functionality. Currencies that have come after Bitcoin are collectively named altcoins and attempt to be a modified or improved version. If you are looking to buy altcoins and want more from a digital currency, BC Bitcoin offer an extensive range for a coin that suits you.
An innovative payment network and a new kind of money, it is the original and most widely used. For individuals it is one of the easiest ways to transact at a low cost. For businesses it’s a secure and inexpensive way to deal with payments with the ability to choose your own fees. Payments are irreversible, and the cost of fraud isn’t pushed to the merchant. Sending Bitcoin across borders is easy with no need for a bank and no international fees or limits. It is the largest cryptocurrency by market value and still popular in crypto buying.
Ripple’s XRP is a solution for banks and payment providers to modernise global payments. For international money transfers the infrastructure is dated and flawed. Ripple connects banks, payment providers and digital asset exchanges to provide one frictionless experience to send money globally in real time. It is unique as it doesn’t require mining like other altcoins which reduces the computing power. They plan to distribute XRP through business development deals and selling XRP to institutional buyers. It is the most tempting digital currency among the traditional financial sector.
Ethereum is an open-source, public, decentralised platform featuring smart contract capabilities. Its apps run on a custom-built blockchain programmed without any possibility of downtime, censorship, fraud or third-party interference. It enables developers to create a market, store registries of debts or promise, move funds according to instructions and much more without a middle man or counterparty risk. While Bitcoin is pitched at a digital currency, Ethereum is more focused on programmable money with smart contract applications. If a smart contract suits your business’ needs you can buy Ethereum with us here.