How to invest in cryptocurrencies in 2022: a beginner’s guide

Top coins to invest in. source: cnn.com

Which coins to invest in? Many investors ask themselves this question when they want to invest in cryptocurrencies for the first time. There are all sorts of opportunities lurking in the new and exciting crypto space for investors willing to take risks.

Crypto enthusiasts will learn everything they need to know about investing in cryptocurrencies in this beginner’s guide . At the same time, in the following article we answer the question: Which cryptocurrencies should you invest in in 2022? Subsequently, it will be possible to assemble a promising portfolio of digital currencies and make significant profits in the medium term.

Investing in cryptocurrency: tips for beginners 

The purchase of cryptocurrencies is possible in just three steps. With a regulated and secure broker, digital currencies can be bought in just a few minutes. eToro offers the advantage that the crypto purchase is possible without commission and the selection of coins is constantly increasing. Which cryptocurrency should you bet on? eToro has 59 cryptocurrencies available for purchase.

Step 1: Open an eToro account

‚úÖ Opening an account with eToro is done via the registration form on the website. Here you can alternatively register with the Google or Facebook account, in the next step the verification takes place.

Step 2: Deposit funds into eToro

ūüí≥ Depositing  funds at eToro works in different ways. Money is transferred to eToro with bank transfer, PayPal, credit card and Co.

Step 3: Invest in Cryptocurrencies

ūüõí Now you can use the search bar to select the best coins from 59 cryptocurrencies. In the next step, direct purchase or investing via CFD are possible.

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Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

Cryptocurrencies to Invest: The Best Cryptos 

With over 18,000 cryptocurrencies, it is certainly not easy which cryptocurrencies to invest in. However, for those buying cryptos for the first time, the following list could be used as a guide to identify cryptos for investors with different levels of risk tolerance.

Bitcoin

Anyone who invests in cryptocurrencies for the first time will probably first look at the most valuable cryptocurrency in the world . Because Bitcoin is largely stable for a cryptocurrency. The trading volume here is high every day. As the oldest cryptocurrency, Bitcoin has developed into the leading digital currency. At the same time, one could benefit from an investment in BTC in the future if one believes in its function as a digital store of value. Because the investors of tomorrow could probably prefer BTC to gold. If, in addition, only a small part of the assets managed by institutional investors and the reserves of the states are invested in Bitcoin, significantly higher prices are likely.

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Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

Ethereum

ethereum_iconde

Ethereum was launched in 2015. Quite a few experts ascribe far more future potential to the Ethereum network than to Bitcoin. Because Ethereum is the leading blockchain for DeFi, NFTs and Co. Finally, the developers on the Ethereum network can use smart contracts and develop dApps. The Ethereum 2.0 upgrade in 2022 should ensure the long-term sustainability of the platform. If this becomes more scalable, cheaper and faster again, there should be no way around Ethereum in the future either. This makes ETH one of the best crypto investments for 2022.

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Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

Consultants Coin (Consult)

Consult is one of the newest cryptocurrencies. Because this was only started in June 2022 and is considered one of the coins with the greatest potential. It is now available for the public to buy, Consult is at its seeding phase. Because Consult is built over thousands of technology and metaverse projects at The Consultants R&D, their generator; it is seen to share a bright future with its holders. The Consultants R&D are behind a big share of research and development market worldwide. According to crypto analysts, it might explode after listing it on Binance. Consult is the first Smart coin in the globe, it is launched with zero transaction fees.  As the year progresses, Consult will continue to evolve and complete numerous development steps from the roadmap. There is a positive price rally seems possible again. 

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Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

Cardano

Cardano

In the meantime, Cardano with the native token ADA has become an integral part of the top 10 of the global crypto market. But the start to 2022 was bumpy. Still, ADA could be one of those cryptocurrencies with a lot of potential for 2022. Finally , following the implementation of smart contracts through the Alonzo upgrade last year, the number of DeFi projects on the Cardano network is growing. At the same time, the blockchain is also enjoying greater popularity for non-fungible tokens. Various code drops are planned for the current year to make the platform even better. Crypto whales have accumulated increased ADA in the past few weeks and obviously believe in the potential of Cardano. 

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Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

Solana  

solana_iconde

Solana is also currently listed in the top 10 of the crypto market. Because the cryptocurrency Solana relies on a decentralized blockchain solution that is considered to be very scalable. To do this, the developers can trade on a user-friendly platform. Thanks to the innovative proof-of-history, Solana is cheaper and faster than the competition. The Solana ecosystem has grown particularly strongly in recent months. In particular, more and more DeFi projects, Web3 applications and NFT collections chose the Solana network. In the medium term, Solana could secure further market shares, so that 2022 SOL will reach new highs.

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Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

Investing in Crypto: The Best Penny Coins

While penny stocks are very popular in the stock market, the situation is similar with penny coins in the crypto market. The focus should not only be on the specific coin price, as the market cap says a lot more about the status in the crypto space. Nevertheless, in the following section we have taken a look at four cryptos, some of which have a unit price of well under one US dollar.

After all, it is a great feeling for many crypto fans to participate in a crypto currency with a large number of coins. Still , other aspects should be considered when deciding whether or not investors should invest in a cryptocurrency.

Lucky Block

LBLOCK logo

Lucky Block is a new cryptocurrency from 2022 . The LBLOCK coin marked its all-time high at around 0.01 US dollars. Afterwards, however, the early investors took profits, so that a cheaper entry is currently possible again.

With Lucky Block, the disruption of the gambling industry could be imminent. Because blockchain technology offers clear advantages in a fast-growing environment. At the same time, the marketing and team appear very professional, the community is growing quickly. This should not be unimportant if the Lucky Block Lottery first achieves success and the public is to know about it.

Buy Lucky Block now

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

DeFi Coin (DEFC)

DeFi Coin (DEFC) is a cryptocurrency that allows users to borrow, lend or wager digital assets in a decentralized manner . By eliminating third-party providers, DeFi Coin allows users to trade directly with each other, encouraging greater financial independence. The protocol also offers staking rewards that are similar to traditional dividend income. In other words, your rewards are directly proportional to the amount you bring in.

A key benefit of DEFC is that the protocol charges a 10% fee for each transaction. 5% of this fee will be allocated to DEFC token holders. The remaining 5% is used to provide liquidity on decentralized platforms. Now DEFC holders can choose to receive a 65% staking APY on BitMart.

Buy DeFi Coin now

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

Shiba Inu 

Most people are probably familiar with the cryptocurrency Shiba Inu. Because SHIB became well known as a meme coin. But the time of fun currencies is undoubtedly over. Shiba Inu therefore becomes interesting for another reason. Because the developers are currently working on establishing real use cases for Shiba Inu. With Shibarium there will soon be a layer 2 scaling solution, at the same time metaverse elements will be introduced. A separate wallet and Co. round off the Shiba Inu plans. Anyone who speculates on a successful establishment as a cryptocurrency and at the same time wants to benefit from the gigantic Shib Army community can also invest in the Shiba Inu cryptocurrency in 2022.

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Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

Chronos

Chronos

As a former Crypto.com coin, Cronos is the center of the ecosystem of the same name. Because Crypto.com is one of the world’s leading companies when it comes to crypto services of various kinds. The renaming of the coin did not change the use case, rather it was purely a marketing measure. Without a doubt, Crypto.com is a promising crypto exchange where you can buy well over 100 coins. At the same time, there are other services that are likely to become even more popular in the future. The higher the demand, the more the CRO Coin is used. Significantly higher prices seem possible. 

Buy Cronos now

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

VeChain  

VeChain is an exciting cryptocurrency for all investors who really want to understand the use case. Because it is not always easy for laypeople to understand the technical components. However, VeChain is a cryptocurrency that is already being used today – for tracking products in the supply chain of companies. VeChain could be tested with well-known partners in the global economy. At the same time, the blockchain is becoming more and more diversified.

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Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

Investing in cryptocurrency: Simply explained

cryptocurrencies

Cryptocurrencies are new territory for many investors. Because in the past they invested in established asset classes such as shares, ETFs or commodities. However, with disruptive blockchain technology taking center stage, cryptocurrencies have become increasingly popular. Cryptocurrencies can be used in everyday life in an innovative way. In the promising area of ‚Äč‚Äčdecentralized finance, cryptocurrencies hold future potential and could replace traditional services. Naturally, it is not always easy for beginners and laypeople to understand the technical structure or fathom any possible application potential.

But it is different when investing in cryptos. Because this process works basically the same as with shares, ETFs and Co.

At the end of 2018, Bitcoin was trading at around $3,800. Let’s assume that investors bought Bitcoin for $10,000 back then. They would have bought around 2.6315 BTC.

In April 2022, Bitcoin is trading at around USD 41,000. That would make the investment worth $107,890 today. In less than four years, the investment would have quadrupled if one had relied on the digital key currency. For those who did not catch up with any coin/token launching, the chance is their through buying the Consultants Coin (Consult). It is now at its lowest launching price, this usually never happens to catch a highly integrated

Are cryptocurrencies a good investment?

There is no guarantee of above-average profits for any asset class. This also applies to cryptocurrencies. At the same time, volatility and risk are extremely high with digital currencies. It is not uncommon for cryptos to crash by over 10% in just 24 hours.

Nevertheless, investments in cryptocurrencies can also offer the chance of an above-average return. Because in the past cryptos performed well. In addition, the digital transformation with cryptos and blockchain technology seems to be only at the beginning, with the increasing establishment, significant price gains are possible.

However, one should always ask oneself which cryptocurrency is best suited for investing. At the same time, before investors invest in cryptocurrencies, it is important to weigh the pros and cons. After all, every investor should decide for themselves whether an asset class is a good investment for them. Cryptos always offer this opportunity.

Should you invest in cryptocurrencies? The advantages of investing in cryptocurrencies 

Invest in cryptocurrencies or not? A look at the advantages of cryptocurrencies can help with this question . Because there are good reasons why more and more investors in Germany are buying cryptocurrencies in order to increase their own wealth in the long term. 

Diverse selection of coins

best cryptocurrency to invest in 2022

The crypto market offers an enormous selection of different coins . First and foremost, it is an advantage that investors can invest in numerous cryptocurrencies. There are now over 18,000 tokens and cryptos in which to invest . The selection is therefore gigantic, corresponding to the stock market.

However, anyone investing in cryptocurrencies for the first time should primarily choose the most valuable large caps such as Bitcoin or Ethereum as the basis of the crypto portfolio. In addition, new cryptocurrencies can then be added in order to achieve an above-average return.

Nevertheless, the diverse selection of coins probably also has a downside to the coin. Because with over 18,000 projects, it is not always easy to choose the best cryptocurrency.

Opportunity for above-average profits 

If we compare the performance of some cryptocurrencies with the stock market, we come across far above-average returns that are possible here. Anyone who invests in cryptocurrencies has the chance of a high return on investment.

For example, if we look at the world’s most valuable cryptocurrency, Bitcoin has had a 2965% performance over the past five years.

In contrast, the share price of the world’s most valuable company, Apple, has only risen by 365% in recent years, although Apple shares have already performed significantly better than the market average.

The US technology index Nasdaq 100, for example, rose by only around 160% in five years , while the leading German index DAX had to be content with a performance of around 17.5% . Here the gap between cryptocurrencies and the stock market is even clearer.

With Ethereum, as the second most valuable cryptocurrency, there was even a performance of around 4350%. With Binance Coin it was even 9800% in five years. This shows that cryptocurrencies have brought well above-average profits in the past five years. 

Big companies rely on cryptos 

In the beginning, cryptocurrencies were only for IT-savvy investors. But in the meantime, large companies are also increasingly relying on cryptocurrencies. Established companies like Tesla or Square (now Block) invested their own fortunes in Bitcoin. Other companies such as PayPal, Microsoft, Amazon or Starbucks are increasingly implementing digital coins in their own business model. I n the future, this development is likely to continue. If the world’s leading companies are already betting on cryptos, investing for private investors also seems promising. 

Passive income via cryptos possible 

Cryptocurrencies offer an above-average return on investment and also the chance to build up a regular income. Because in times of negative interest rates, alternative investments are needed to generate passive income. Crypto holders can now generate income with crypto savings, staking or lending. 

Cryptocurrencies are still in the early stages of development 

There is no doubt that the acceptance of digital currencies is increasing and cryptocurrencies are establishing themselves in the midst of society. However, it is a new concept. Although well-known companies also rely on cryptos, the big ones still do without digital coins.

Bitcoin was only released in 2009, making it the most valuable cryptocurrency of all time. Other cryptos were launched much later. For example, Cardano and Solana came out in 2017, followed by Shiba Inu in 2020. It was not until early 2022 that the new cryptocurrency Lucky Block was launched.

Consequently, it is undoubtedly not too late to invest in cryptocurrencies. The signs in the crypto market continue to point to growth. 2022 is therefore again a good time to invest in cryptocurrencies.

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Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

Cryptocurrency investing makes sense? What are the risks?

Cryptocurrencies have numerous advantages. Nevertheless, it is no coincidence that numerous investors are still avoiding the crypto market. Because investing in cryptos not only offers advantages, but also risks. We would like to present some of these risks in the following table:

  • Early in time: The crypto market is still at the beginning of its development. As of today, it is not foreseeable which cryptos will prevail and which applications will never be implemented. Anyone investing in cryptocurrencies in 2022 can look forward to significant opportunities, but also the risk that the desired development will never become reality.
  • Speculative character: Due to the uncertainty, cryptocurrencies remain a speculative investment that harbors uncertainties. The long-term return cannot be planned, although it was recently well above the development of other asset classes.
  • Scam in the crypto market: There are always scam projects among the cryptocurrencies that are pumped open shortly after their launch, only to be dropped immediately afterwards. Then many investors lose their money. However, there are similar risks with other investments as well.
  • Volatility: Cryptocurrencies show a significantly higher volatility than other asset classes. However, the higher fluctuation range is hardly relevant for investors who want to hold on to a cryptocurrency in the long term.
  • Hacks and security: Hacker attacks take on a whole new meaning in the 21st century. In the past, coins were repeatedly captured by hacker attacks, but at the same time completely different aspects are important in terms of security. For example, investors should pay attention to professional custody with a crypto wallet.

Still, there are numerous ways to reduce the risks inherent in the crypto market. Diversification, well-founded research and a long-term investment horizon reduce the most significant risks , so that the chance of returns that are well above average increases.

At the same time, you should rely on a safe and reliable broker . As the world’s leading social investment platform, Cypriot online broker eToro is highly regulated and has numerous licenses.

Investing in crypto vs. trading in crypto

Investing in cryptocurrencies or trading cryptos? Many participants in the crypto market ask themselves this question. In principle, there are valid arguments for both approaches. Clear parallels can be drawn with the stock market, which is also used by long-term investors and short-term traders.

Those who invest in cryptocurrencies usually meet the following criteria:

  • Anyone who invests in cryptocurrencies often wants to participate in a crypto project in the long term. Most investors have a very long-term investment horizon.
  • Crypto investors believe in the increasing acceptance and mainstreaming of digital currencies.
  • It is not uncommon for a buy-and-hold approach to be followed here – the investors buy the cryptocurrency once and then hold it despite the highly volatile price development.

On the other hand, traders proceed as follows:

  • Trading cryptos is typically a shorter-term strategy
  • Traders buy cryptos to sell them again after a few days, weeks or months with a profit.
  • At the same time, there is also day trading in cryptocurrencies, in which traders open and close a position within a day.
  • Crypto trading is often based on technical analysis.

Investing in cryptocurrencies: is it safe? 

For skeptics, safety is the argument not to invest in cryptocurrencies in 2022. Because digital currencies are still considered less secure when you look at other asset classes. This is often justified with the high volatility and the young history. But in addition to the risks that are certainly present, there are numerous advantages when investing in cryptocurrencies. After the magic triangle of investment, investors have to accept a little more risk for the chance of a far above-average return. Nevertheless, the risk can be minimized in a targeted manner.

The basis is choosing a reliable online broker who will take care of investing in cryptocurrencies in a trustworthy manner. The eToro offer convinces with a high level of security thanks to multiple regulations and many years of experience. The Cypriot broker attaches great importance to the security of customer funds and at the same time allows room for maneuver when investing in cryptocurrencies. At the same time, the cryptos are automatically stored here in a secure wallet that is constantly being further developed. For beginners, an online account with eToro is a good choice to buy cryptos for the first time and to select the best cryptocurrencies from 59 coins.

eToro Wallet

At the same time, the following aspects can help to further increase security:

diversificationWith a wide spread of different cryptocurrencies, the risk is reduced. If a single coin becomes worthless or crashes, it doesn’t affect the overall portfolio as much.
investment horizonIf you need your money again after a few days, you run the risk that the volatile price development will be negative. A long-term investment horizon reduces risk, as the acceptance and establishment of cryptocurrencies should continue to develop positively.
weightingNever put everything on one card! This saying is also valid when investing in cryptos. The weighting of individual coins should be appropriate so that a negative price development can be coped with. Because we cannot predict one hundred percent how the cryptocurrencies will develop.

Where to Invest in Crypto? The best providers

What is the best cryptocurrency to invest in? This should not remain the only question for beginners in the crypto market. Rather, it is also important where you invest in cryptocurrencies.

 1.  eToro: Best all-rounder for cheap investing in cryptocurrencies

eToro Logo

Founded in 2007, eToro is now the world’s leading social investment platform.¬†In over 15 years, Cyprus-based eToro has grown into a full-service online broker.¬†Today eToro offers stocks, ETFs, cryptocurrencies and CFDs with various underlying assets.¬†With 59 cryptocurrencies on offer, eToro is ideal for those investors who want to start investing in cryptocurrencies.¬†Because the accessibility to the new asset class of digital currencies is high.¬†The eToro account is opened in just a few minutes using the registration form on the website.¬†From now on, eToro customers can invest in stocks, cryptos, ETFs, commodities and much more from a single source.

With eToro, you benefit from a cost-effective fee structure, among other things. Because eToro completely dispenses with commission and provision. The fixed spread is always 1% when buying cryptocurrencies. In addition, account functions such as making a deposit are also possible free of charge. eToro only charges a small fee for the payment of crypto profits. The intuitive trading platforms provide everything needed for long-term crypto investing or profitable trading. Cryptocurrencies and eToro – this is possible in 2022 with real coins and as CFD.

Number of cryptocurrenciesfeesminimum deposit
64Spreads50 Euro

What we like about eToro:

  • Trade without commission
  • No fee for deposits
  • Large selection of cryptos, stocks, ETFs and Co.
  • Social trading market leader
  • Intuitive app and excellent trading platform
  • Demo account available for free

Buy cryptocurrencies on eToro now

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

2. Crypto.com: Low fees, wide range of coins and crypto credit card

Crypto.com_logo

Crypto.com is one of the most well-known companies in the crypto space. The focus of the offer is the own trading exchange for cryptocurrencies, on which there are currently over 250 coins. Anyone who wants to invest in cryptocurrencies is spoiled for choice at Crypto.com. You can open an account here in just a few minutes. In addition, Crypto.com customers can use other company services, such as crypto lending, the NFT marketplace or their own credit card. Crypto.com is known for its low fees and convenient trading platforms. Anyone who wants to rely on a centralized exchange when starting out in the crypto market will find a qualitative and secure provider in Crypto.com.

Number of cryptocurrenciesfeesminimum deposit
250Maker/Taker Fees20 Euro

What we like about Crypto.com:

  • modern app by Crypto.com
  • the right crypto broker for beginners and advanced users
  • Low fees
  • Diverse range of cryptocurrencies
  • Crypto credit card available
  • NFT marketplace and other crypto services

Trade cryptocurrencies now on Crypto.com

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

3. Capital.com: Experienced CFD broker for real-time cryptocurrency trading

capitalcom Logo

With the experienced CFD broker, customers can also trade an increasing number of cryptocurrencies. This is achieved via the simple and intuitive platform, which has received multiple awards in the past. This offers beginners the possibility of an easy start as well as a variety of analysis tools for advanced users. At the same time, Capital.com is a good address for all investors who want to invest in cryptocurrencies as well as trade other markets. Security, licensing and regulation are more than satisfactory here.

Number of cryptocurrenciesfeesminimum deposit
250+Spreadsfrom 20 euros

What we like about Capital.com:

  • Trading via crypto CFDs
  • Support can convince
  • Regulated and licensed CFD broker – high security
  • Large selection of CFDs with different asset classes

Trade cryptocurrencies on Capital.com now

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

4. Huobi: Diverse selection of cryptos, currencies and payment methods

Huobi-logo

Huobi is one of the best-known crypto exchanges , which initially only focused on the Chinese area. But global expansion followed, and today people all over the world are investing in cryptos through Huobi. Here they benefit from quick access to cryptocurrencies. Because customers can simply select a local fiat currency in order to subsequently purchase the digital currencies. Thanks to the diverse selection, there are hardly any limits when investing in cryptos via Huobi. A total of 350 cryptocurrencies, 57 local currencies and 60 payment methods are available. Customers worldwide trust in the high level of security and experience as a long-standing, globally leading exchange.

Number of cryptocurrenciesfeesminimum deposit
400Commissionfrom 100 euros

What we like about Huobi:

  • Fast Huobi Account Opening
  • Safe and reputable platform with many years of experience
  • Outstanding customer service
  • Buy a diverse selection for cryptocurrencies

Trade cryptocurrencies on Huobi now

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

5. Bitpanda: Austrian company with its own crypto credit card

Bitpanda Logo

Bitpanda is an Austrian provider that scores with a high level of security. Although the range of cryptocurrencies is manageable, there are currently only around 25 cryptocurrencies available. However, there is an additional debit card for this. Bitpanda customers can now also pay with their debit card in everyday life and thus use crypto directly. The platform convinces with a simple and clear structure. However, if you are looking for extensive trading tools and all imaginable cryptos, Bitpanda is the wrong place to be. Then other crypto exchanges and brokers from this list are better suited. On the other hand, beginners at Bitpanda benefit from extensive learning material to learn more about cryptos.

Number of cryptocurrenciesfeesminimum deposit
25ab 1,49%from 1 euro

What we like about Bitpanda:

  • Good provider for beginners and advanced
  • Diverse training opportunities
  • Buy cryptocurrencies from just one euro

6. Bison App: German crypto app for beginners and basic investments

Bison App Logo

Investing in cryptocurrencies for the first time? Then why not with the Bison App? Because beginners often want a simple and trustworthy solution. The German app can meet both requirements. In the future , investors will only have to download the app and register quickly. You then benefit from the highest level of security, since the Bison app is an offer from the Stuttgart Stock Exchange. The user-friendly design makes it easy to get started investing in cryptos. In addition, there are competitive spreads. However, since the selection of cryptocurrencies is manageable, customers should always check beforehand which cryptocurrencies are available for investment.However, the Bison app is ideal for basic investments such as Bitcoin or Ethereum.

number of cryptocurrenciesfeesminimum deposit
20+Spreads20 Euro

What we like about Bison App:

  • Offer from the Stuttgart Stock Exchange
  • high usability
  • The perfect basic offer for crypto beginners

7. Binance: The perfect solution for crypto beginners and advanced users

Binance is the largest centralized crypto exchange in the world.¬†In total, customers can¬†trade over 600 cryptocurrencies here.¬†At the same time, the Binance offering is ideal for crypto fans of all levels of experience.¬†Because the low spreads, the comfortable user platform and the diverse selection of coins make Binance ideal for beginners in the crypto space.¬†But even¬†experienced traders get their money’s worth here, as they can use professional tools to analyze cryptocurrencies.¬†If you want to invest in cryptocurrencies at Binance, you can also use the BNB token to further reduce the already low fees.

number of cryptocurrenciesfeesminimum deposit
1000+Spreads20 Euro

What we like about Binance:

  • the largest crypto exchange in the world
  • diverse selection of cryptocurrencies
  • Competitive conditions, even cheaper with Binance Coin
  • Analysis tools for advanced crypto traders
  • NFT marketplace available

Trade cryptocurrencies on Binance now

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

8. Coinbase: High-quality trading platform for entering the crypto market

Coinbase Logo

If you are looking for a high-quality trading platform to take your first steps in the crypto market, you will find it at Coinbase. Because the US company offers a user-friendly platform that beginners can use right away. They can then invest in over 100 different cryptos . They benefit from fair spreads and fixed fees. In addition, Coinbase is also known for a further range of cryptocurrencies. If you want to stake cryptos or pay with cryptos via credit card, you can do this at Coinbase. The extensive training material is a nice extra for continuous development.

Number of cryptocurrenciesfeesminimum deposit
100+Spreads, Fixed Fees & Commissionsfrom 50 euros

What we like about Coinbase:

  • Crypto exchange for beginners and advanced users
  • Huge selection of cryptocurrencies
  • Good and easy to use crypto wallet
  • Staking possible at Coinbase
  • Own credit card for crypto payment
  • Competent customer service

Trade cryptocurrencies on Coinbase now

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

How to invest in cryptocurrencies: step by step instructions

Anyone who wants to invest in cryptocurrencies should choose a reliable and safe broker. Our test-winning broker eToro, which now offers 59 cryptos, is particularly popular. eToro customers can buy said coins directly or invest in cryptos via CFDs. So that there are no problems when investing in cryptocurrencies in 2022, we present a three-step guide here .

 1.  Open an eToro account

Sign up for an eToro account

Before investing in cryptocurrencies, one should open an account with a reliable provider. With the renowned online broker eToro, this is easily possible via the registration form on the website. Here you can enter your personal data or use a Google or Facebook account for registration. eToro will then send you a confirmation email.

However, legitimation for the account is still required. With eToro, this is achieved in a video call, in which the customer has a valid ID document and proof of address ready.

 2.  Deposit funds into eToro

Deposit money in eToro

Now the customers should capitalize the account in order to invest in cryptocurrencies afterwards. Numerous payment methods such as credit card, bank transfer or PayPal are available for this purpose. 

3. Cryptocurrency: what is worth it?

Place an eToro trade

In the last step, new eToro customers can invest in cryptocurrencies. To do this, they enter the name of the best cryptos to invest in the search bar or browse the ‚ÄúCryptocurrencies‚ÄĚ category. The investment sum and other parameters can then be set. Then the crypto fans can complete the purchase with just one click.

Buy cryptocurrencies on eToro now

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

Conclusion 

Investing in cryptocurrencies in 2022 will only take a few minutes. Which cryptocurrency to buy now? The answer to this question should be preceded by thorough research. At the same time, one must not forget that there are some risks in the young asset class. But the chances should outweigh the odds if you invest in cryptocurrencies in 2022. After all, the development of the digital currency market only knew one direction.

With eToro , beginners will find a professional and secure provider to invest quickly in cryptocurrencies. The registration is not-binding and free. In just a few minutes, the crypto fans have access to the trading platform and the eToro offer. There are currently 59 coins available that can be traded without any commission.

But if you want to bet on  new cryptocurrencies with  enormous growth potential , Consult (Consultants Coin) is the place for you.