Welcome to the dazzling world of cryptocurrencies, where the future of finance is being shaped one digital coin at a time. As we step into 2024, the crypto space has evolved beyond our wildest expectations, creating new opportunities and transforming the financial landscape. In this blog post, we will explore the best cryptocurrencies of 2024 that have been making waves and are poised to revolutionize the way we transact, invest, and build wealth.
From the meteoric rise of Bitcoin to the innovative altcoins, the crypto market has attracted investors from all walks of life, seeking to capitalize on the promise of a decentralized future.
Our expert analysis of the best crypto will guide you through this ever-changing landscape, highlighting the most promising cryptocurrencies that have stood out in terms of technological innovation, market performance, and real-world adoption.
So, whether you’re a seasoned crypto enthusiast or a curious newcomer looking to dip your toes into the world of digital currencies, our guide to the best cryptocurrencies of 2024 will equip you with expert knowledge and insights.
<div fs-richtext-component="info-box" class="info-box"><div class="flex-info-card"><img src="https://assets-global.website-files.com/65098a145ece52db42b9c274/650c6f4cef4c34160eab4440_Info.svg" loading="eager" width="64" height="64" alt="" class="icon-info-box"><div fs-richtext-component="info-box-text" class="info-box-content"><p class="color-neutral-800">Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.</p></div></div></div>
Best Crypto 2024
<figure class="block-table">
<table>
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Market Cap</th>
<th>Volume</th>
<th>Liquidity</th>
<th>Tokenomics</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin BTC 👑</td>
<td>Very High</td>
<td>Very High</td>
<td>Very High</td>
<td>Medium</td>
</tr>
<tr>
<td>Ethereum ETH</td>
<td>Very High</td>
<td>Very High</td>
<td>Very High</td>
<td>Great</td>
</tr>
<tr>
<td>Binance Coin BNB</td>
<td>High</td>
<td>High</td>
<td>High</td>
<td>Medium</td>
</tr>
<tr>
<td>Cardano ADA</td>
<td>High</td>
<td>Medium</td>
<td>Medium</td>
<td>Okay</td>
</tr>
<tr>
<td>Polkadot DOT</td>
<td>High</td>
<td>Medium</td>
<td>Medium</td>
<td>Okay</td>
</tr>
<tr>
<td>Solana SOL</td>
<td>High</td>
<td>High</td>
<td>High</td>
<td>Medium</td>
</tr>
<tr>
<td>Polygon MATIC</td>
<td>High</td>
<td>High</td>
<td>High</td>
<td>Great</td>
</tr>
<tr>
<td>Avalanche AVAX</td>
<td>High</td>
<td>Medium</td>
<td>Medium</td>
<td>Great</td>
</tr>
<tr>
<td>Thorchain RUNE</td>
<td>Medium</td>
<td>Medium</td>
<td>Medium</td>
<td>Great</td>
</tr>
<tr>
<td>Dogecoin DOGE</td>
<td>High</td>
<td>High</td>
<td>High</td>
<td>Bad</td>
</tr>
</tbody>
</table>
<figcaption>Cryptocurrencies with Growth Potential in 2023</figcaption>
</figure>
[CTABANNER]
A quick recap
Cryptocurrencies or more accurately Crypto Assets – since none of them are actual currencies distributed by a central bank – have become a central topic for every investor over the years. These coins or tokens, which are based on distributed ledger technology (e.g. a blockchain) come in different forms, the most popular one being Bitcoin.
While Bitcoin, often referred to as “Digital Gold” or “Global Reserve Currency” is leading the pack in terms of adoption and market capitalization, there are now millions of assets ranging from token backed by real-world assets to crypto-native tokens used with utility and even digital artwork in the form of NFTs.
The beauty of this new asset class is that it is available to everyone with an internet connection. Blockchain enables the world to transfer value without the need to trust intermediaries and the calculation units for such transactions are what most refer to as coins or tokens.
In times of corruption, inflation and general loss of trust, this revolution is a natural process for humanity and has the potential to fix a lot of problems we are facing today. While technology is always neutral and can be used for good and bad alike, it would be irrational to look the other way. A big change is happening, whether we like it or not – but we are still early, and early adopters have a good chance to profit from it.
In 2022, the crypto market had to face multiple harsh trials. First, the economic failure of the Terra Stablecoin UST led to a cascading collapse of the whole ecosystem, raising doubt in the usefulness of the technology itself (even though it was working as intended). Shortly after, the big scandal around the crypto exchange FTX and the fraudulent actions of the management under Sam Bankman-Fried (SBF) rattled not just investors, but more importantly the regulators.
So what is the big takeaway from last year? Probably something in the lines of:
- We saw a necessary cleanse in an overhyped and almost delusional market, promises of high interest and large investment multiples led to bad risk management
- The technology does what it is meant to, and while it is often misused, the fundamentals stay strong
- Crypto is a high-risk space and we are not “too late”, but will see great opportunities in the future again
- Regulation will hit hard, but it will lay some essential fundamentals for this market to flourish
- With these learnings, how can we now prepare for 2023 and find the best crypto to invest?
Factors to Consider When Choosing a Cryptocurrency Investment
Market capitalisation
Market Capitalization is the price per coin or token multiplied by the total amount of coins or tokens in circulation.
In crypto we often need to differentiate between “Current Market Cap” and “Fully Diluted Market Cap”. The first includes all coins or tokens, which are available to date, while the second also includes all coins or tokens which are still locked, but will get released in the future through processes like crypto mining or crypto staking.
If there is a huge difference between those two values, it is very likely that the price will fall in the future, as more tokens (supply) meet the market (demand).
These numbers are probably THE most important factor in determining a viable investment and is often overlooked when comparing the price of a single unit of a token. Just because the price of some tokens is 0,00001€, it could still have a very high market capitalization if there are 100.000.000.000.000 of tokens in existence. This would lead to a market capitalization of 1 Trillion Euro, approximately the worth of Google (and it is probably not as valuable as Google, so expect the price to fall quickly once people realize that).
Trading volume
A high and consistent trading volume on an asset is generally a very good sign. It means more and/or larger parties are interested and it is likely that multiple crypto exchanges offer trading.
High trading volume means higher accessibility to an asset.
Bitcoin, considered the best crypto by many, reached it’s highest trading volume during its crash in November 2022, trading over 400 billion Dollar in a single day.
Liquidity
Liquidity and trading volume are related, as trading volume and price movements somewhat indicate liquidity. High trading volume plus low price movements mostly mean high liquidity, but there may be exceptions (induced on purpose).
Actual liquidity is a very important figure from the view of an investor, especially when it comes to decentralized exchanges.
Liquidity shows how easy you can exit your position, which is often a problem with newer coins or tokens.
If the liquidity is very low, let’s say less than 10x your investment, it will be impossible to sell that asset at current market price. So you should only invest in low-liquidity assets if you plan to hold that asset for a longer period of time and expect liquidity increase in the future.
Use cases and real-world adoption
Just like with every company and their product, there needs to be a real use case (or at least a future outlook for one) and paying customers which bring in profit.
When looking at a coin or token, it is important to ask yourself what that use case could be and if it is realistic that, at some point in time, the product will get there.
You can go even deeper and calculate what size of adoption, e.g. people using and paying for the product, is necessary to offset the costs of maintaining it – this is the point where real value is generated.
Comparing this and the current market capitalization of a project might often lead to an interesting revelation.
Tokenomics
One of the most crucial questions to ask is: How does the token actually work?
Tokenomics describe the economics of a token and can quickly reveal a bad investment even if the product and team are exceptional.
Supply and demand dedicate the token price, so the balance between the two and how it could develop show the potential of an investment. Ask yourself:
- What do I need the token for? Is there demand for the token if the product is successful?
- Are new tokens generated in the future and if, how and when does that happen?
- Are tokens locked for the team and early investors and when will they unlock? (They probably bought at a lower price and might want to take profits once they can.)
- Can tokens be burned (destroyed) and if so, what triggers this reduction of supply?
Development team
The technological backbone is of high importance in the age of digitalization. Ask yourself:
- What do I know about the team behind a token-based project?
- What is their background? Their skillset?
- Do you think they can deliver on the promise?
- Are they working as hard on the project as they should?
Many crypto development teams give insights into their GitHub profile, which shows the actual work they are doing.
If you don’t have the know-how to evaluate this yourself, it might make sense to talk to someone who can, before investing in a project.
Community support
The community now might be the users and clients of a product tomorrow. It is important to factor this in and have a closer look at the community. Ask yourself these questions:
- Is the community real? Or are the followers on Twitter/Discord etc. just empty accounts?
- Are the people actually interested in the product or just speculators?
If the community consists of mostly speculators and people farming for quick rewards, free crypto, airdrops, whitelists etc. it is very likely that there is huge sell pressure, once the asset will be tradeable.
Security and transparency
As we have seen very often in the past, these two factors can break a project and its value within seconds, if not executed well.
Security failures never occur on a blockchain or tech level but mostly on a human level, be it sloppy code or lack of governance.
While security issues are not intentional in most cases, actual scams are. Having enough transparency gives a better chance to detect fraudulent behavior early on. Ask yourself:
- Who has critical access to the code? What is a worst case scenario?
- Is there a single point of failure (e.g. one person holding the private keys to alter a smart contract)?
- Is any information obscured, which should be transparent?
Performance
Past performance is a great indicator of what to expect in the future, although not always a guarantee of course. While projects with good performance might have a higher market capitalization than unproven ones, the risk might be considerably lower.
Especially in bear markets and times of uncertainty, like the one we experience right now, it can be a great strategy to look for projects with a good track record that have experienced a huge loss in token value.
If the team is well funded and also delivering on their product in times like these, they could be a promising investment.
Top Crypto Trends in 2024
While new trends in the crypto space appear every now and then, we have seen some of them establish and even lay the base for new trends to emerge on top. The most widespread trends of the past years and probably also in 2023 include:
Decentralized Finance (DeFi)
The goal of DeFi is to mirror the traditional financial system and all its instruments onto the blockchain, making it trustless and programmable.
What started in 2019 has become a massive infrastructure for all crypto users by now. While the usability is still lacking in most parts, DeFi protocols will continue to be the backbone of the future financial ecosystem. Popular DeFi use cases include:
- Staking
- Lending & Borrowing
- Liquidity Mining
- Stablecoins
- Synthetic Assets
Non-Fungible Tokens (NFTs)
NFTs have become one of the most adopted assets in the last years, even introducing non-tech people into the crypto space, as there was finally something visible to look at and even “hold” in your own hands to show around.
But NFTs are actually not artwork, but rather a unit of account for a unique, non-fungible asset. This can reference to art, but also many other things, for example:
- (Virtual) real-estate
- Gaming characters & items
- Collectibles
- Music
- Ticketing
Top Cryptocurrencies to Consider in 2024
Bitcoin (BTC)
- Market Capitalization: Very High (less volatile, but less upside)
- Trading Volume: Very High
- Liquidity: Very High
- Use Case/Adoption: Great (clear, widespread & big market)
- Tokenomics: Medium (negligible inflation and ultimately capped supply)
- Development Team: Great (large and proven)
- Community Support: Great (massive community)
- Security & Transparency: Best-in-Class
- Performance: Great
Bitcoin continues to take the top spot for a reason. It is considered to be the best crypto by many and comes closest to being used as actual money. Bitcoin has endured and grown over the past 14 years, has a clear use case and benefits greatly from widespread adoption. A must-have for every portfolio.
With its large market capitalization the days of short-term 1000x gains on Bitcoin are likely over, so if you are looking for high risk and big gains, Bitcoin might be the wrong asset.
If, however, you're looking for more info on Bitcoin, be sure to check out our exhaustive guide:What is Bitcoin – Absolutely Everything You Need to Know
Ethereum (ETH)
- Market Capitalization: Very High (less volatile, but less upside)
- Trading Volume: Very High
- Liquidity: Very High
- Use Case/Adoption: Great (clear, widespread & big market)
- Tokenomics: Great (deflationary and capped supply since the ethereum merge)
- Development Team: Great (large and proven)
- Community Support: Great (massive community)
- Security & Transparency: Great (while the blockchain is secure and transparent, malicious smart contracts can be dangerous for ordinary users)
- Performance: Great
Ethereum ranks second on many “best crypto” lists. It is a blockchain platform that enables developers to build decentralized applications (dApps) and execute smart contracts.
While Ethereum has proven itself in the past and is rightly the second largest crypto asset by market capitalization, not everyone believes that it will stay in that position forever.
For good risk management, it should not be missing in a crypto investors portfolio.
Binance Coin (BNB)
- Market Capitalization: High
- Trading Volume: High
- Liquidity: High
- Use Case/Adoption: Great (large user base and continuously new use cases introduced by Binance)
- Tokenomics: Medium (burn mechanism to reduce supply is great, but the initial sale is still concentrating a huge amount of the total supply in the hands of founders and early investors, who could enact immense impact on the market)
- Development Team: Great
- Community Support: Great
- Security & Transparency: Bad (sadly Binance Smart Chain, Binance Chain and Binance as an exchange itself are controlled by a small group of powerful entities, which pose a definite security risk)
- Performance: Great
As the largest so-called “exchange coin,” BNB continues to develop in different directions, offering more and more use cases for the token (e.g. Cosmos chain, EVM chain and bonuses for Binance CEX users).
Sadly, all of this is still built on a very centralized foundation and could crumble due to regulatory influence or fraudulent behavior of bad actors.
Ultimately an investment decision here needs to be somewhat based on trust.
Cardano (ADA)
- Market Capitalization: High
- Trading Volume: Medium
- Liquidity: Medium
- Use Case/Adoption: Great (clear, widespread & big market)
- Tokenomics: Okay (burn mechanism to reduce supply is great, but the initial sale is still concentrating a huge amount of the total supply in the hands of founders and early investors, who could enact immense impact on the market)
- Development Team: Great
- Community Support: Great
- Security & Transparency: Great (while the blockchain is secure and transparent, malicious smart contracts can be dangerous for ordinary users)
- Performance: Great
Cardano is a blockchain platform that aims to provide a more efficient, sustainable, and interoperable platform for building and running decentralized applications and executing smart contracts.
It is designed to enable the development and execution of smart contracts and decentralized applications (dApps) while also addressing the issues of scalability, interoperability, and sustainability that have plagued other blockchain platforms.
Cardano is a very polarizing project with a strong community but also many adversaries. Their deep research approach to development makes them slower than other projects, but potentially more resilient.
Polkadot (DOT)
- Market Capitalization: High
- Trading Volume: Medium
- Liquidity: Medium
- Use Case/Adoption: Medium (clear target market but still early in adoption)
- Tokenomics: Okay (the need to lock DOT for parachain auctions strongly reduced the circulating supply but is at the same time a risky factor if big unlocks happen in the future)
- Development Team: Great
- Community Support: Medium
- Security & Transparency: Great (while the blockchain is secure and transparent, malicious smart contracts can be dangerous for ordinary users)
- Performance: Great
Polkadot is a blockchain platform that aims to enable interoperability between different blockchain networks. It provides a way for different blockchain networks to communicate and work together, allowing for greater scalability, security, and functionality.
Polkadot had great hype initially, which has cooled down over the past few years.
While development is still going strong, we will need to see great usability in the form of wallets and widely adopted use cases built on the many different parachains.
Solana (SOL)
- Market Capitalization: High
- Trading Volume: High
- Liquidity: High
- Use Case/Adoption: Great (the high speed of Solana makes it the best solution for many use cases which led to strong adoption in a very short period of time)
- Tokenomics: Medium (with an initial inflation rate of 8% scaling down to 1,5% the tokenomics are not favorable, but also not too bad)
- Development Team: Medium (it remains to be seen if the big issues of Solanas unique consensus algorithm can be fixed in the future)
- Community Support: Great
- Security & Transparency: Bad (due to the high resource cost needed to run a Solana node, the control of the network lies in the hands of few actors, who have high power over it, as seen by multiple chain halts in the past)
- Performance: Great
Solana is designed for high-speed and high-volume transactions. It provides a more scalable and efficient alternative to other blockchain networks, making it well-suited for applications that require fast and frequent transactions. There was a time when it was considered the best crypto for staking.
Solana suffered a lot due to its connection to Sam Bankman-Fried, the fraudulent founder of FTX and proponent of the blockchain.
If the project manages to rid itself of some remaining technical hurdles and deliver on their promise of great usability (e.g. with their own smartphone), SOL could rise back like a phoenix.
Risk and reward is probably higher than most other top projects.
Polygon (MATIC)
- Market Capitalization: High
- Trading Volume: High
- Liquidity: High
- Use Case/Adoption: Great (with the simple use case of offering a cheaper alternative to Ethereum, Polygon is seeing great adoption)
- Tokenomics: Great (part of the fee token get burned, resulting in a deflationary asset)
- Development Team: Great
- Community Support: Great
- Security & Transparency: Great (over 100 independent nodes)
- Performance: Great
Polygon (formerly known as Matic Network) provides a more scalable and interoperable infrastructure for building decentralized applications (dApps).
It is designed as a “layer two” to the Ethereum network, allowing developers to build and deploy Ethereum-compatible dApps on the Polygon network.
Polygon is seeing great adoption by many projects due to its low cost structure. While the business case of Polygon is in theory easy to copy, they managed to establish a great network effect resulting in steady growth.
Avalanche (AVAX)
- Market Capitalization: High
- Trading Volume: Medium
- Liquidity: Medium
- Use Case/Adoption: Medium (the subnet approach of Avalanche has great use cases, especially in gaming but so far needs to see widespread adoption)
- Tokenomics: Great (part of the fee token get burned, resulting in a deflationary asset)
- Development Team: Great
- Community Support: Medium
- Security & Transparency: Great (over 100 independent nodes)
- Performance: Great
Avalanche also provides a more scalable, interoperable, and decentralized infrastructure for building decentralized applications (dApps) and executing smart contracts, although it follows a different approach than other “layer two” solutions.
Avalanche offers so called subnets, which are child chains of the Avalanche C-Chain. This enables it to easily launch a dedicated blockchain for various use cases, as we have seen with DFK Chain, one of the largest gaming projects in the web3 space.
Thorchain (RUNE)
- Market Capitalization: Medium
- Trading Volume: Medium
- Liquidity: Medium
- Use Case/Adoption: Medium (decentralized cross-chain swaps are an amazing and very much needed use case, but so far Thorchain sees little adoption)
- Tokenomics: Great (validators are required to stake RUNE and every liquidity pool needs a mirrored amount of RUNE locked in it, resulting in high demand of the token with increasing adoption)
- Development Team: Great
- Community Support: Medium
- Security & Transparency: Great (Thorchain aims to be the solution for the very many bridge hacks we have seen in the past when it comes to swapping assets between different blockchains)
- Performance: Medium
Thorchain aims to solve one of the biggest problems in the decentralized finance space, the trustless trade of assets between independent blockchains.
The vision is very promising, but hard to deliver and takes lots of time and dedication.
If successful, Thorchain will revolutionize a big part of web3.
Dogecoin (DOGE)
- Market Capitalization: High
- Trading Volume: High
- Liquidity: High
- Use Case/Adoption: Bad (as a so called meme-coin there is no real use case for DOGE yet, although some speculate that Elon Musk will introduce it as a payment standard in the future)
- Tokenomics: Bad (no supply on maximum amount of token and constant inflation)
- Development Team: Bad (withdrew from the project a long time ago)
- Community Support: Great
- Security & Transparency: Medium (similar to Bitcoin but with less miners and therefore lowered security)
- Performance: Great (very volatile and strong influence by the actions of Elon Musk)
Dogecoin was created as a lighthearted parody of Bitcoin. It features the Shiba Inu dog from the “Doge” internet meme as its mascot and has become known for its friendly and humorous community.
We included Dogecoin in this list to show a project with bad fundamentals, but still amazing past performance.
This should show that a strong community and marketing story can be a huge influence on the (short term) price of an asset, even if there is no real use case yet.
How to Buy Cryptocurrencies
Buying cryptocurrency today is almost as easy as buying stocks, at least for popular coins and tokens.
Choosing a cryptocurrency exchange
There are a few factors one should consider when registering at a centralized exchange:
- Is it regulated in an established jurisdiction?
- How high are trading fees?
- Are there any hidden fees (e.g. in spread / price)?
- Can I withdraw/deposit crypto?
Check out our guide for the best crypto exchanges in 2023 to find the right exchange for your needs.
Setting up an account and verifying your identity
Most exchanges use an email + password combination to access your account. It is highly recommended to add 2 Factor authentication (2FA) as a security measure once your account is verified. Verification requires a valid ID and potentially other documents like proof of address, so keep them at the ready.
Funding your account
There are multiple ways to get FIAT currency like Dollar or Euro on your exchange account, things like SEPA bank transfer are free but might take a few days, while credit card payments work instantly but charge a fee.
Some crypto exchanges also support buying crypto with crypto, in which case you need to send your coins to the wallet address associated with your exchange account.
Placing a buy order
Depending on the exchange, there are multiple ways to acquire coins at your preferred price rate, the most popular being market and limit orders. Be careful setting market orders for illiquid assets.
Find more detailed information and tips about acquiring your new coins in our guide: How to buy cryptocurrency
Storing Your Cryptocurrencies
The storage of crypto assets plays a crucial role in the decentralized crypto ecosystem. Keeping your cryptocurrencies on an exchange can be risky, as they are vulnerable to hacking and other security threats. We highly recommend storing your cryptocurrencies on a wallet that’s in your control.
Types of cryptocurrency wallets
In general, we differentiate between hardware wallets, software wallets and custodial wallets. The first two place the access to your coins and token in your responsibility, while custodial wallets are managed by a third party, like a crypto exchange (which you must trust). In the end, each wallet type comes with a trade-off between security and flexibility.
Click here for a deep-dive into the best crypto wallets.
Hardware wallets
The most well known brands for hardware wallets are Ledger and Trezor. Hardware wallets enable you to quickly access your wallet without the need to know your complete private key by encrypting it with a password.
Software wallets
Software wallets work like hardware wallets but are purely digital. It is important to note that Software wallets can be self-hosted or custodial, so make sure to check that, before transferring any assets to those.
Paper wallets
A paper wallet is the most simplified form of a hardware wallet, skipping encryption and saving your private key in clear text. It is the cheapest way to access a blockchain wallet, but comes with some obvious risks.
Tips for Investing in Cryptocurrencies
Do your own research
We have shown you some crypto projects in this article and the factors we use to evaluate them. You can use this approach as a basic check looking for any red flags in a project. But don’t limit your research on the asset itself, it is also important to stay aware of any macroeconomic events, which could influence the whole market, like interest hikes, regulation etc.
Diversify your portfolio
“Never keep all your eggs in one basket” is definitely a saying one should keep in mind. Diversification and portfolio rebalancing have never hurt a good investor. Yes, you might miss out on some gains by not going all-in on a pumped coin, but you need to remember that cryptocurrencies can fall just as fast as they rose.
Track your portfolio
It is of utmost importance to have a clear overview of your assets at any time to track their performance, your initial investment and the distribution of your wealth.
Blockpit’s free crypto portfolio tracker offers an easy to use interface to track all your coins, tokens, NFTs and more in a useful dashboard. Simply import your transactions, or connect to an exchange or wallet using one of our many crypto integrations.
[CTABANNER]
Invest only what you can afford to lose
This should be a no-brainer, but resist the temptation to go into debt for an investment, no matter how sure you are that it will succeed. There are too many factors that are out of your control and could result in a negative outcome against all odds.
Be prepared for volatility
Crypto is volatile, this is a fact. The market is just very small compared to the stock market or real estate. Volatility is not necessarily a bad thing, but something to keep in mind. A great way to reduce one’s exposure to volatility is by investing via Dollar-Cost-Averaging (DCA), meaning buying or selling smaller portions of an asset over an extended period of time.
Keep up with market trends and news
There are many news sources out there and it is important to choose yours wisely. By following the right people on Twitter or subscribing to the right Subreddits, you can be on the forefront of information. But beware: Following the wrong people might get you pushed right into the hands of scammers. Once again: DYOR and don’t FOMO too hard!
Bonus: Don’t Forget About Crypto Taxes!
Crypto is exciting. From trading, to staking and mining, and even more advanced use cases in the DeFi space, there are many ways to realize gains and losses, or even earn a passive crypto income. And where there is a profit, there are taxes.
While you can use crypto losses to offset your tax burdens, crypto gains and other income must be reported on your yearly tax declarations.
We’ve written many extensive crypto tax guides about the taxation of crypto in various jurisdictions, like the US , Germany, the UK, France, Austria, the Netherlands, Spain, or Belgium.
If you’re looking for an easy way to file your crypto tax report, Blockpit’s got you! Our easy to use crypto tax calculator analyzes all of your transactions, calculates the relevant gains and losses, and exports a compliant tax report for you to use in your yearly tax declaration.
Frequently Asked Questions About the Best Cryptocurrencies in 2023
Should I invest in cryptocurrencies?
Yes, crypto has become a respected asset class that shouldn’t be missed in any serious investors portfolio. Be sure to read our guide to learn how to evaluate a potential crypto investment and how to identify scams.
Which is the most popular cryptocurrency?
Bitcoin is the undisputed number one cryptocurrency. Yet, most people who know of Bitcoin have also heard of Ethereum. It is probably wise to have a closer look at both of them.
How is trading crypto different from trading stocks?
With crypto you have the possibility to actually be the real owner of your assets. This can most likely be compared with storing a gold bar in your safe at home – only digital!
What is an altcoin?
Altcoin is a term used for crypto assets which are not Bitcoin.
Which is the best cryptocurrency for beginners?
Bitcoin and Ethereum are great cryptocurrencies to look at if you are just getting started investing in crypto. They are easier to understand and carry fewer risks than other coins or tokens out there.
