Cryptos

Best 5 Secured Crypto to Spend Money Wisely

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Cryptos are a new addition to the financial world, and blockchain technology is currently in adoption mode. Many industries are adopting it, and various organizations are already investing billions of dollars in researching blockchain technology. Secure cryptos refer to crypto assets worth investing in as these assets involve sufficient utilities.

However, thousands of crypto coins are circulating in the marketplace, and many more are waiting to join, different coins with different features and utilities. So when it comes to defining the best-secured crypto, it requires checking the asset from several angles, including acceptance, usability, utility, availability, future projection, etc. In this article, we list the top five secured cryptos so you can spend wisely.

Top five secured crypto to spend money wisely

Many cryptos are circulating in the marketplace, and the crypto-verse has become an interesting topic as it turns into a trillion-dollar industry within a short period. Many investors have already made millions of dollars simply by investing wisely. However, choosing the best crypto requires checking assets from several fundamental, historical, and technical factors to understand the future potentiality. In this part, we list the best five secured cryptos, and those are:

Bitcoin (BTC)

Bitcoin is the king of the crypto industry. The original crypto and the most valuable coin in the crypto marketplace. The describer of this crypto is Satoshi Nakamoto in the whitepaper, and the launching period of this crypto is Jan 2009.

BTC price chart

BTC price chart

Let’s check all primary info of BTC at a glance:

  • Fully diluted market cap: $665,337,907,116
  • Live market cap: $603,687,791,690
  • Circulating supply: 19,054,143.00 BTC
  • Total supply: 19,054,143 BTC
  • Max supply: 21,000,000 BTC
  • Current price: $31,681
  • 24-H trading volume: $38,545,360,054

How does it work?

According to the creator, Nakamoto, BTC is “online payments to be sent directly from one party to another without going through a financial institution.” It is the first-ever crypto and holds nearly 40% market capitalization, and BTC surpassed the one trillion benchmark in 2021.

Ethereum (ETH)

Ethereum is the second-largest crypto platform only next to Bitcoin. It is an open-source blockchain network that aims to become a global platform for dApps and allow users worldwide. Vitalik Buterin first described Ethereum in a whitepaper, and it was officially launched after two years by the Ethereum foundation in 2015. Ethereum has a total of eight co-founders.

ETH price chart

ETH price chart

Let’s check all primary info of ETH at a glance:

  • Fully diluted market cap: $240,112,757,320
  • Live market cap: $239,877,788,475
  • Circulating supply: 120,990,471.62 ETH
  • Total supply: 120,990,472 ETH
  • Max supply: not available
  • Current price: $1977.77
  • 24-H trading volume: $18,987,140,578

How does it work?

Ethereum first introduces the smart contract concept, and it works as an existing platform for many other cryptocurrencies and dApps. These features make Ethereum a worthy/potential investment.

Litecoin (LTC)

Litecoin is an altcoin depending on the Bitcoin protocol. The differences between BTC and LTC are block transaction times, hashing algorithm, hard cap, and a few other factors. Charlie Lee is the founder of this platform, and the release date is 2011.

LTC price chart

LTC price chart

Let’s check all primary info of LTC at a glance:

  • Fully diluted market cap: $5,816,592,589
  • Live market cap: $4,875,071,915
  • Circulating supply: 70,403,081.28 LTC
  • Total supply: 84,000,000 LTC
  • Max supply: 84,000,000 LTC
  • Current price: $68.95
  • 24-H trading volume: $569,471,613

How does it work?

The design purpose of Litecoin was to provide secure, low-cost, and fast payments. It is the second most popular crypto, and the simplicity and utility features make LTC an attractive investment.

Binance Coin (BNB)

Comparing it by trading volume, Binance is the largest crypto exchange platform. The launching period of this platform is 2017; Changpeng Zhao is the CEO and founder of Binance. The native token of this platform is BNB.

BNB price chart

BNB price chart

Let’s check all primary info of BNB at a glance:

  • Fully diluted market cap: $52,613,026,998
  • Live market cap: $52,026,795,307
  • Circulating supply: 163,276,974.63 BNB
  • Total supply: 163,276,975 BNB
  • Max supply: 165,116,760 BNB
  • Current price: $318.3
  • 24-H trading volume: $1,925,964,966

How does it work?

Binance is a one-stop solution for crypto services; the whole ecosystem includes Binance Chain, Binance Academy, Binance Smart Chain, NFT marketplace, Trust wallet, Research projects, and more. This platform aims to boost the level of DeFi globally.

Tether (USDT)

USDT is a stable-value crypto that reflects the value of the U.S. dollar. A Hong Kong-based company, Tether, issues these coins. Brock Pierce, Craig Sellars, and Reeve Collins are the founders of this platform and the launching period is 2014.

USDT price chart

USDT price chart

Let’s check all primary info of USDT at a glance:

  • Fully diluted market cap: $79,661,249,552
  • Live market cap: $72,494,447,656
  • Circulating supply: 72.54B USDT
  • Total supply: 79,713,622,662 USDT
  • Max supply: not available
  • Current price: $0.999
  • 24-H trading volume: $66,157,824,787

How does it work?

This crypto usually maintains several asset values in USD, such as commercial paper, reserve repo notes, fiduciary deposits, treasury bills in reserves, and cash. You can use it as an inflation hedge asset moreover earn a yield return of up to 20% of your investment; that range starts from 3%.

Pros and cons

👍 Pros  👎Cons
  • Cryptos are a cheaper and faster alternative than other financial transactions.
  • Cryptos aren’t still a widely accepted payment method.
  • It doesn’t require any third party when any transaction occurs.
  • Some cryptos require massive computation energy.
  • Cryptos usually offer safe and secure payments.
  • Cryptos doesn’t offer irreversible payments.

Final thought

Finally, this article contains a list of the best five secured cryptos to spend money wisely. We make this list by comparing different aspects of cryptocurrencies, including offering features, market capitalization, functionality, future projections, utility, acceptance, usability, etc. Choose the exchange platform wisely and invest at your own risk, as cryptocurrencies are still risky and volatile assets.

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