Cryptocurrencies have exploded onto the scene in recent years. However, due to their infamous volatility, many people hesitate to spend their money on them. What many don’t realize is that there are plenty of very cheap cryptocurrencies out there to buy.
The cryptocurrency craze has skyrocketed throughout 2018. Some have been pouring in thousands of dollars, and others have been buying and holding small investments. If you are someone that has been thinking about jumping onto the bandwagon, this post will be helpful.
Now I will be listing 10 cheap cryptocurrencies that you can buy.
Ripple (XRP) is a cryptocurrency that has been around since 2012, and it’s currently one of the most widely-followed altcoins. Ripple was created to improve the International Financial Transfer system, but it’s recently gained more traction because of a new partnership with American Express. Many cryptocurrency investors have been jumping on the bandwagon to buy XRP. Ripple is the fastest, most scalable, and most decentralized digital asset network. Ripple is also the most controversial crypto. XRP is more stable and cheaper.
Investing in cryptocurrencies can be risky, but Dogecoin is cheap, easy to buy, and a real company backs it. It is a decentralized digital currency, created and distributed without the need for any type of middleman. It does not require a bank or payment processor, so there are no transaction fees, no government or bank regulations, and no restrictions on sending Dogecoin.
Chainlink (LINK) is an open-source technology company founded in 2014. It operates a data network that enables smart contracts across different blockchains. The company seeks to advance smart contracts’ security, scalability, and usability.
Uniswap (UNI) is a new decentralized liquidity protocol by the Ethereum community. This enables super cheap trading of the ETHUSD, ETHBTC, and LTCUSD currency pairs, with fees as low as 0.15%, which are very competitive with centralized exchanges.
Uniswap is a smart contract platform that focuses on decentralized trading. The trading takes place on the Ethereum blockchain. There are no restrictions on the transaction amount for the platform. The trading fees here are extremely low.
Cardano (ADA) is a cryptocurrency-based platform that was created in 2017. Cardano’s technology is based on peer-reviewed mathematical theories, and it is the first cryptocurrency to employ a scientific approach to designing transactional systems. It was developed by The Cardano Foundation, a non-profit organization based in Berlin. It is positioned to compete with other cryptocurrencies like Bitcoin and Ethereum, but its layered design makes it unique from its competitors.
Polygon (MATIC) is a decentralized open-source exchange (DEX) that enables users worldwide to exchange cryptocurrencies at no cost. It is a ‘smart mesh’ network where participants can share devices on a peer-to-peer basis, utilizing blockchain technology. This network will allow users to operate their devices as an electricity utility, connecting them to a ‘power grid’ that is operated by device operators and utilizing IPFS to store file information
Stellar (XLM) is a coin that is well known for the technology behind it, it was built to be a decentralized network similar to Bitcoin, but it uses a different consensus algorithm. It’s a very efficient payment network, as has been proven by how quickly it’s growing.
The Sandbox (SAND)
SAND is a multipurpose and decentralized cryptocurrency that is highly anonymous. Even though similar to Bitcoin, SAND is a privacy coin. The developers work closely with FreedomPay, Ltd., based in Ireland. Through this partnership, the two aim to build a menu of services revolving around digital payments.
Decentraland is a virtual reality platform that allows users to create and monetize virtual spaces. Users can build everything from 3D cities to entire economies using virtual reality technology. It is the cryptocurrency used to buy and sell virtual land parcels and items within the platform.
NEAR Protocol (NEAR)
NEAR Protocol (NEAR) is a cryptocurrency you can buy, sell or exchange on exchanges including HitBTC, ForkDelta, IDEX, and KuCoin. It is a decentralized network for secure communications that allows people to use their own devices without requiring the use of any infrastructure or applications.