Buying Cryptocurrency in 2024: Investment Advice and Techniques

Invest in crypto yes or no? Does a crypto investment even make sense in 2024? We have analyzed the crypto market and identified promising coins. We also have exciting tips and strategies for sensible crypto investments for you.

4 Best Cryptocurrencies to Invest in 2024

Let’s take a quick look at the best cryptocurrencies to invest in in 2024:

• Bitcoin Minetrix – The Best Cryptocurrency to Invest in 2024 is revolutionizing Bitcoin mining with an innovative stake-to-mine approach that opens up access to mining to private investors without in-depth expertise or large upfront investments.
• Meme Kombat – Presents an intriguing concept where famous memes compete against each other in a blockchain-powered battle arena. Investors can bet on the outcome of the battles and benefit from attractive staking returns of currently 112%.
• Sponge V2  – The next evolution of the popular $SPONGE token, which reached a market cap of up to $100 million, allows users to earn an additional $SPONGEV2 by staking $SPONGE.
• TG.Casino – This brand new Telegram casino is changing the world of online casinos by enabling crypto deposits, betting, and withdrawals via Telegram, without KYC but with a valid Curaçao license.

Buy Bitcoin Minetrix now

Crypto investment platforms – overall winner

Here we present the best crypto brokers 2024, which stand out with an extensive crypto investment portfolio, transparent fees, fast deposits and withdrawals, and convincing tools.

• MEXC – If you want to invest in crypto in 2024, we recommend MEXC for this. This crypto broker impresses with low trading costs, useful tools, and helpful customer service.
• Coinbase – One of the most famous crypto exchanges in the world. Coinbase is an excellent choice for crypto beginners due to its intuitive platform and PayPal option.

What is a crypto investment?

Investing in crypto involves purchasing digital assets and holding them for the long term, often for months or years, with the expectation that the investments will grow significantly over time. The goal is to generate long-term profits. Accordingly, investors focus less on short-term market price fluctuations.

To make profits with the best cryptocurrencies for investing, investors use various strategies to design their portfolios. Hodling is a long-term strategy where investors hold their crypto assets for an extended period of time, regardless of short-term price fluctuations.

In value investing, investors focus on identifying and purchasing undervalued and new cryptocurrencies with the expectation that their value will increase over time. Growth investing, on the other hand, involves selecting cryptocurrencies with great growth potential.

It is crucial that investors understand the specific risks of crypto investing. These include market volatility, the possibility of cybersecurity attacks, liquidity issues, regulatory changes, and operational risks.

Diversifying investments across different cryptocurrencies is an important crypto investing tip that helps spread risk. Stop-loss orders can also be used to limit losses by automatically selling when a certain price is reached.

What you should know before investing in crypto

If you want to figure out whether crypto is a good investment, it’s important to know the basics of cryptocurrency. Let’s start with a look at Bitcoin – the first cryptocurrency, launched in 2009 and the largest by market capitalization.

During the 2021 bull market, Bitcoin reached a value of over $68,000 and a market cap of almost $1.2 trillion. Since then, thousands of other cryptocurrencies, known as altcoins, have entered the market.

Similar to the stock market, investors now have a wide range of options. Many cryptocurrencies, including Ethereum, have seen significant gains and reached all-time highs in recent years. Ethereum was launched in 2015 at a value of less than $1 and reached an all-time high of almost $5,000.

Understanding how crypto works

Cryptocurrencies are digital assets and differ from traditional currencies in that they do not exist in physical form. They are decentralized, meaning that no single person or institution controls the network. Investors who invest in decentralized cryptocurrencies such as Bitcoin and store their funds in a cold wallet therefore have full control over their assets.

Additionally, cryptocurrencies operate on the blockchain network, making it possible to send and receive tokens without relying on a third party. Some cryptocurrencies have their own blockchain, including Bitcoin, Ethereum, Solana, and BNB. The majority of cryptocurrencies, on the other hand, use an existing blockchain.

For example, thousands of cryptocurrencies are based on Ethereum and are called ERC20 tokens. Some cryptocurrencies have specific use cases. Ethereum, for example, allows developers to set smart contract agreements. XRP is used by financial institutions for international payments, while BNB is used to pay commissions and fees on the Binance exchange.

Nevertheless, all cryptocurrencies, regardless of whether they are Web 3.0 coins, sustainable coins, or Bitcoin alternatives, should be viewed as speculative assets. They are not only volatile but also unpredictable. Additionally, some cryptocurrencies have no apparent use cases or utility and are created solely for speculative reasons.

Knowledge of the nature of crypto markets

The price movements of cryptocurrencies are similar to those of stocks and are largely influenced by supply and demand. If demand for a particular cryptocurrency increases, this usually leads to an increase in its price. In contrast, selling pressure from investors can drive the price down.

It is crucial to note that while investors have the opportunity to make profits, they can also experience losses. Therefore, it is of great importance to carefully consider the risks associated with the investment.

The investment process is essentially similar to that of other assets. Here is a practical example:

Suppose an investor purchases $1,000 worth of Bitcoin. At the time of investment, Bitcoin price was $20,000. The investor held his Bitcoin investment for two years, it is now worth $60,000. 

The investor’s initial $1,000 has now increased to $3,000. He sells his Bitcoin tokens again for fiat and withdraws the funds to his bank account.

5 Factors That Affect the Value of Crypto Investments

One of the most important tips for investing in crypto: If you want to invest in order to make money with crypto, it is important to understand which factors influence the price. The value of cryptocurrencies can be affected by various influencing factors. Understanding these factors makes it possible to better interpret the market and predict possible price movements.

Here are five main factors that can affect the value of cryptocurrencies:

• Supply and Demand
• Regulation
• Production costs
• Competition
• Public interest and media coverage

Supply and Demand

The supply and demand factor is a fundamental economic principle that also influences the value of cryptocurrencies. Supply and demand regulate how the prices of assets develop in the market.

The limited supply of certain cryptos, like Bitcoin, can cause prices to rise when demand is high. Conversely, high supply quantities can lead to price drops when demand is low. Events such as halvings (halving of rewards for miners) influence the supply.

News, technological developments and regulatory changes can influence demand. It is important that crypto investors closely monitor these factors in order to correctly interpret market trends.

Regulation

Regulation Changes in the legal framework, such as bans or approvals of cryptocurrencies in different countries, can have a significant impact on the market value. Positive regulatory developments that encourage cryptocurrency adoption can increase investor confidence and lead to price increases.

Conversely, stricter regulatory measures or uncertainties can have a negative impact on prices. Therefore, tracking regulatory developments is crucial for crypto investors.

Production Costs

Production costs in the crypto world include expenses for mining hardware, electricity, cooling, and infrastructure. The amount depends on location and energy prices. Falling costs could increase market pressure while rising costs reduce mining profitability. Investors should keep an eye on production costs to better assess the economics of cryptocurrencies.

Competition

Competition has a significant impact on the value of cryptocurrencies. New crypto projects are constantly being launched, competing for attention, users, and investments.

The intensity of competition can be increased by innovative features, technologies, or use cases. Strong competition can increase the value of a cryptocurrency, while a lack of differentiation or increasing competition can hurt its value. Therefore, it is crucial for crypto investors to closely monitor the competitive landscape to make informed decisions.

Public Interest and Media Coverage

If a crypto project or particular currency receives increased media attention or generates increased public interest, this may result in an increase in value.

Positive news coverage or celebrity endorsements can boost investor confidence and increase demand. Conversely, negative headlines or regulatory concerns can impact value. Investors therefore need to keep a close eye on the news and public perception.

Are crypto investments safe?

If you are wondering whether investing in crypto makes sense, you should be aware that the security of crypto investments is more risky compared to established asset classes such as gold or stocks.

The crypto market is characterized by constant, dynamic price movements and reacts to a large number of short-term, speculative trades. As a result, crypto investments are subject to ongoing challenges.

Investors must be aware of the fact that unpredictable developments are part of the nature of crypto investing. Many investors have already suffered significant losses, underscoring the risks of this volatile market.

In addition, the safety factor is an important issue. Despite advanced cryptocurrency encryption, the industry remains vulnerable to cyber-attacks. Hackers have demonstrated their skills several times in the past by successfully stealing cryptocurrencies from exchanges.

For anyone considering investing in cryptocurrencies, it is essential to understand both the risks and rewards. A recommended investment strategy involves diversifying the portfolio in order to spread the risk. It is particularly important that the investments do not exceed an amount that you can financially afford to lose.

Investing in crypto: risks

There are several risks associated with investing in cryptocurrencies that should not be underestimated:

Capital loss

When investing in cryptocurrencies, there is a risk that the value of the investment will decrease significantly, especially due to the strong price movements that are so typical of the crypto market.

Government regulations

Crypto regulation is not handled uniformly around the world. Many governments have not yet established clear regulations for the use and trading of cryptocurrencies. This leads to uncertainty regarding legal and financial risks. Some countries are even considering banning cryptocurrencies, like China. This is unlikely, but not impossible.

Centralized control

Cryptocurrencies are intended to be decentralized, unlike traditional fiat money which is controlled by banks and governments. This prevents a single entity from making all decisions. Nevertheless, there is a risk that, especially with small or new cryptocurrencies, the decentralized structure will be undermined by a majority takeover by participants with at least 51% of the voting rights.

This could lead to manipulation, theft of cryptocurrency, and a loss of trust. Large cryptocurrencies like Bitcoin have lower risk, but here too there have been accidental majority takeovers in the past, but these were resolved without harm.

Fraud

With the unregulated nature of the crypto industry comes an increased risk of fraud and market manipulation, creating artificial trading volume or spreading rumors to influence price movements. Since 2022, there has been a significant increase in fraud cases, causing thousands of investors to suffer financial losses due to a lack of oversight.

Despite promising concepts, newly introduced cryptocurrencies carry the risk of being inauthentic. Cybercriminals can introduce fake digital currencies with exciting ideas and deceptively real plans, which has already led to numerous cases in which investors’ currency and invested money disappeared.

The crypto projects we recommend in the current presale have been carefully checked by our team and are considered trustworthy.

Hacks

Cryptocurrencies are vulnerable to hacker attacks, so thefts often occur. There is a higher risk, especially with hot wallets, i.e. a wallet that is always connected to the Internet and stores the coins online in a cloud. Even if crypto exchanges offer insurance, there is often no way to get back the lost crypto investment in the event of a hack.

It is better to store crypto investments in a so-called cold wallet, which is one of the best crypto wallets. This is an external device that is not connected to the Internet. However, the coins are not 100% safe here either: If the device is damaged, all coins stored on it will be lost.

Investing in crypto: opportunities

Crypto investments offer various opportunities that are different from investments in traditional asset classes and can make investing in crypto worthwhile.

Potentially high returns

Cryptocurrencies have a history of producing impressive returns and offer the opportunity for significant gains as their value can increase significantly.

Portfolio diversification

Cryptocurrencies allow investors to diversify their investments. This can help spread risk across different assets and improve the overall stability of the portfolio.

Accessibility

Crypto investments are accessible to all interested parties due to low entry costs and the ease of buying and selling on crypto exchanges. This means that even first-time investors can easily participate in the market.

Innovation and technology

Crypto investments offer participation in innovative technological developments, especially blockchain technology. This technology has the potential to transform various industries by enabling transparent, secure, and decentralized data records. by enabling transparent, secure and decentralized data recording.

Growing market

The crypto market is constantly developing and growing. The increasing adoption of cryptocurrencies by companies and institutional investors could bring even more growth and new investment opportunities.

Invest in crypto in 2024?

In fact, one of the most favorable times to invest in crypto is during a bear market. This allows investors to enter the market at a significantly lower price, similar to purchasing stocks during a recession.

Industry experts predict an impending cryptocurrency bull market in 2024, which could create additional opportunities for investors. The expected phase of optimism could lead to rising prices.

If the crypto investing strategy works, investors will see an increase in the value of their cryptocurrencies when the next crypto bull run begins. However, there is no guarantee, and investors should carefully consider the risks of financial loss.

Comprehensive research, a realistic assessment of your own risk tolerance and, if necessary, professional advice are crucial to making good investment decisions.

Long-term crypto investing vs. short-term crypto trading

In addition to being one of the best crypto trading platforms, smart investors have a well-thought-out strategy at hand when it comes to investing in cryptocurrencies.

There are two basic strategies available for investing in crypto: long-term holding of the coins or short-term trading. No matter which option you choose, it’s crucial to decide on a clear strategy before getting started.

Long-term crypto investments

If you choose a long-term investment, hold your cryptocurrencies for many months or even years. In this strategy, short-term volatility plays a smaller role because the focus is on long-term value growth.

Many crypto investors have made impressive profits by holding their investments for extended periods of time, riding through at least one bull market.

Let’s take a long-term investor who purchased BNB in ​​December 2017 as an example. At the time, the price was just over $0.10 per BNB token. Five years later, BNB was trading at over $600 – a gain of almost 600,000%. Put another way, a $1,000 BNB investment in 2017 could have been worth almost $6 million in 2021.

With this long-term investment approach, there is no need to check prices daily or worry about volatility. In addition, you don’t have to constantly ask yourself whether your coin investments will increase in value.

Long-term crypto investments also allow you to take advantage of the so-called “dollar-cost averaging” strategy. You regularly invest a fixed amount of money in crypto, regardless of the current prices. This results in more coins being purchased when prices are low and fewer when prices are high. The goal is to smooth the average purchase price over time.

Short term crypto trading

Many crypto investors buy and sell cryptocurrencies on a short-term basis. Different strategies for investing in crypto can be pursued.

An example of this is investing in crypto presales, similar to stock IPOs. These allow investors to purchase a brand new cryptocurrency token before it is listed on exchanges. Cryptocurrency presales often offer early investors a discounted price, similar to IPOs. In this short-term strategy, traders buy the presale token at a lower price and sell it once it is listed on an exchange.

An example: Imagine a cryptocurrency presale offering its first investors its own token at a price of $1. After the presale is completed, the cryptocurrency will trade on exchanges at $1.50. Those who purchased the token for $1 will immediately receive a 50% profit. A short-term investor could then make the decision to sell immediately and lock in their 50% profits.

Another short-term strategy is day trading cryptocurrencies. Here you purchase a cryptocurrency and sell it shortly afterwards, usually within minutes or hours, in order to benefit from the fluctuations in crypto prices. This method is comparatively low-risk as traders never hold their positions for more than a day, resulting in minimizing profits or losses.

Another option is the swing trading strategy. Although it is also short-term focused, it allows traders more flexibility. Swing traders hold their positions for days or weeks and can therefore opportunistically exit at the optimal time.

Investing in Crypto: 8 Tips for Your First Crypto Investment

Would you like to know what you should definitely consider before investing in crypto? Entering the world of crypto investing requires careful consideration. Here are 8 crypto investing tips for your first crypto investment that are also relevant to other forms of investment:

• Tip 1: Follow the golden investment rule
  “Buy low and sell high” is a fundamental principle that applies to most financial markets, including the cryptocurrency market. Optimally, investors purchase crypto at a low price and sell it at a higher price to make profits. However, since prices can fluctuate quickly and unpredictably, implementing this rule is not always easy. A good understanding of the market and the ability to recognize investment opportunities are crucial.
• Tip 2: Follow the market closely
  The crypto market is dynamic and responds to a variety of factors. Daily news, regulatory developments, and technical advances can impact coin prices. Keeping these factors in mind allows you to make informed decisions and identify trends that could impact your investment.
• Tip 3: Analyze broker fees
  When choosing a crypto exchange or broker, it is important to understand the fee structure. In addition to trading fees, you should also consider transaction, deposit, and withdrawal fees. High fees can significantly impact the returns on your crypto investment, so review them carefully.
• Tip 4: Know the risks of volatility
  Cryptocurrencies are known for their price volatility. But the coin has two sides: On the one hand, volatility offers opportunities for profits, but it also harbors significant risks of losses. Those who are aware of possible price movements and know their risk tolerance can develop strategies to reduce risk.
• Tip 5: Pay attention to prominent tweets
  Tweets from influential figures, especially in finance and technology, can have a strong impact on the crypto market. However, it can also happen that the market reacts irrationally to statements made. A critical look at events and your own research is essential in order to make smart decisions.
• Tip 6: Invest in real coins or CFDs
  When deciding between investing in physical cryptocurrencies and trading contracts for differences (CFDs), individual preferences and risk tolerance are crucial. Owning physical coins allows for long-term investment, while CFDs allow for short-term speculation. Both approaches have advantages and disadvantages that need to be weighed up.
• Tip 7: Keep a long-term perspective
  The crypto market can fluctuate significantly in the short term. However, long-term investors should not be unsettled by short-term fluctuations and instead focus on a longer-term time horizon. Looking back, many cryptocurrencies have increased in value in the long term despite short-term fluctuations.
• Tip 8: Find the right crypto provider
  Choosing a trustworthy and regulated crypto exchange or broker platform is key when investing in crypto. By using established platforms that prioritize security and privacy and have a good reputation, you can minimize the risk of fraud. Consider reviews and experiences from other users to find the right crypto provider.

Invest in Crypto with the 4 Best Coins in 2024

From the biggest cryptocurrencies to emerging pioneers, the crypto market offers exciting opportunities to invest in crypto. We have 4 crypto investing tips for worthwhile investments.

When selecting the following 4 cryptocurrencies with a future, we intensively analyzed all the key metrics of a crypto project: tokenomics, legitimacy, roadmap plans, price history, fundamental and technical indicators, and many other relevant aspects.

1. Bitcoin Minetrix – Makes Bitcoin Mining Accessible To Private Investors With A “Stake To Mine” Approach

Are you wondering “whether to buy Bitcoin or not ”? Bitcoin Minetrix ($BTCMTX) is an exciting alternative to Bitcoin. It is a proof-of-stake cryptocurrency that introduces an innovative concept: stake-to-mine. By combining token staking with cloud mining, Bitcoin Minetrix makes Bitcoin mining accessible to retail investors.

Bitcoin mining is currently reserved exclusively for large companies that operate mining facilities with expensive hardware. Bitcoin Minetrix offers cloud mining credits through its ecosystem to reduce barriers to entry.

You can currently purchase $BTCMTX in the current presale. Finally, you can decide to stake $BTCMTX to generate passive income. By staking, you receive non-tradable ERC-20 tokens and benefit from an attractive annual return, which also gives you cloud mining credits.

They have the option to burn their tokens in the ecosystem to gain Bitcoin mining power. With this mining power, you get access to the mining proceeds during mining times. By tokenizing cloud mining, Bitcoin Minetrix offers greater transparency and control over assets. So this is what a sensible crypto investment can look like.

This innovative approach appears to have gotten off to a successful start with the $BTCMTX presale, raising more than $139,000 in just two days. The $BTCMTX token is currently available for $0.0124 and makes it possible to invest in crypto with little money. Investors can connect their crypto wallets to the presale website and purchase tokens with Ethereum, BNB, or USDT.

Buy Bitcoin Minetrix now

2. Meme Kombat – Exciting Gaming Project That Combines Crypto And Memes

Despite the popularity of the best meme coins, many question the use cases and earning potential for this area. Meme Kombat ($MK) is a new meme project that not only offers multiple use cases but also offers token holders opportunities for passive profits, making it a viable crypto investment.

Meme Kombat uses artificial intelligence to create a battle arena for memes. In this arena, a variety of meme coin avatars compete against each other. Investors have the opportunity to stake their $MK tokens in live battles.

You can earn rewards by participating in the exciting meme battles. Bets can also be placed on events such as first moves and final results. Prizes can include in-game rewards and free $MK tokens.

Investors’ loyalty is rewarded through Meme Kombat’s staking mechanism, which offers attractive returns. According to the Meme Kombat whitepaper, the first season of the fighting arena will begin after presales are completed. The current token price is $0.257 and offers an attractive option to invest in crypto with little money. And our Meme Kombat forecasts also look promising.

Buy Meme Kombat now

3. Sponge V2 – Could Top The Success Of Its Predecessor

$SPONGE experienced a rapid rise after its launch in May 2023, reaching a market cap of $100 million. Although its value has since fallen, the launch of the new ERC-20 token, $SPONGEV2, promises to revive community enthusiasm.

The launch of the new token is enabled through a stake-to-bridge approach, where holders of the V1 version can switch to the new V2 smart contract by locking their tokens.

For those who stake their $SPONGE tokens, there is the added benefit of receiving $SPONGEV2 tokens as a bonus reward, allowing for potentially high returns for the coming four years.

Currently, more than 400 million tokens are already secured in the V2 smart contract. This gives investors the chance of annual returns of up to 4,000%. However, it should be noted that the V1 tokens are permanently locked in the V2 contract.

However, the potential big wins could be supplemented by Sponge’s planned play-to-earn racing game, as detailed in their white paper. This game is scheduled to launch after the release of the V2 tokens and will provide token holders with an additional opportunity to earn $SPONGE tokens.

4. TG.Casino – Combines Telegram with Cryptocurrencies and Online Gambling

The brand new TG.Casino Token provides access to a crypto casino via Telegram that allows entry into casino games without KYC or registration processes.

The usability and accessibility of online casinos are reaching new levels and could pave the way for many similar offerings in the future.

The platform is 100% legal as TG.Casino is a fully licensed online casino provider based in Curaçao. All you need to use is the Telegram app, which is already used by many Web3 fans.

Additionally, TG.Casino offers attractive proof-of-stake returns. A portion of the casino profits is used to buy back the token, which is either burned (meaning a price increase for existing token holders) or given to the community in the form of rewards.

This is in contrast to the Web2 model of casino ownership, where a small group of nameless individuals keep all the winnings for themselves, at the expense of the player, rather than growing alongside the player.

Staking returns are generated during presales, bringing immediate benefits to first-time investors. There are a total of 100 million $TGC tokens, 40% of which are available in presale at a current price of $0.19.

Buy TG.Casino now

2 Top Brokers For Sensible Crypto Investments

Have you decided to invest in crypto and are now looking for the best crypto broker?

The coins we recommend are currently available directly in presale via the official websites of the crypto projects, while alternative options such as Bitcoin or Ethereum can be purchased through various brokers.

Here are two reputable cryptocurrency brokers in Germany that can make it easier for you to invest in crypto successfully with their comprehensive features, user-friendly platforms, and strict security measures.

1. MEXC – Best Crypto Exchange for Crypto Investments 2024

MEXC has established itself as one of the best crypto exchanges and impresses in our provider comparison for several reasons. With the lowest fees on the market, MEXC enables investors to benefit from the highest returns.

The crypto platform charges 0% spot maker and taker fees as well as 0% futures maker fee and just 0.03% taker fee. This makes investing in crypto and trading particularly cost-efficient and attractive.

The MEXC app, available for iOS, Android, and Windows, allows users to invest in crypto and the best stablecoins conveniently and easily and to react quickly to price fluctuations. A special highlight is the MEXC Copy Trade feature, which makes it possible to choose and copy strategies from experienced traders in order to increase your own profits. Additionally, MEXC offers the ability to stake crypto investments, which generates passive profits.

With the ability to process payments via debit/credit card, SEPA bank transfer, third-party marketplace, MEXC Mastercard, or via a peer-to-peer network, MEXC offers a comprehensive solution for anyone looking to invest in crypto. MEXC’s one-stop service platform also enables convenient portfolio management.

Pros

• Large selection of 1,790+ coins
• Powerful trading tools designed for experienced investors
• Ensuring protection through robust security mechanisms
• Intuitive interface suitable for traders of all experience levels

Cons

• For beginners in the crypto space, the platform might seem a bit complicated
• New investors have limited access to educational materials

2. Coinbase – User-friendly crypto exchange ideal for beginners

Coinbase is another crypto investing tip: its intuitive interface and user-friendliness make the platform ideal for crypto investment beginners. As the largest publicly traded crypto company with over 185 secure assets including Bitcoin and Ethereum as well as numerous new coin listings, Coinbase offers a wide selection of crypto investments.

The personal customer service hotline and the comprehensive help center underline the support for users. With transparent financial reporting and asset security, with 98% of crypto holdings stored offline in cold wallets, Coinbase emphasizes its focus on security.

Instant purchases via PayPal, debit/credit card, or free bank transfer as well as the possibility of staking and earning opportunities with USDC make Coinbase a holistic solution for all crypto investment interests.

Pros

• Great crypto broker for beginners, very easy to use
• Strict compliance with regulations, especially in Germany
• Strong security measures guarantee the protection of crypto investments

Cons

• Fees are higher than competing sites
• Options for sophisticated trading are limited

How to invest in crypto? – Directions

The following step-by-step instructions show how easily and quickly you can invest in crypto with the top broker MEXC and sell it quickly if necessary.

• Step 1: Create an account with MEXC
  Visit the MEXC website and create a new account by either connecting your MetaMask wallet or entering your email address/phone number.
• Step 2: Upload ID document
  To verify your account, upload a government-issued ID and proof of address. The documents are checked almost immediately.
• Step 3: Upload ID document
  Then click on the “Deposit” button and choose a payment method. Enter the deposit amount and confirm.
• Step 4: Search for cryptocurrency
  In the search box, enter the name of the cryptocurrency you want to invest in and click on the spot trading option. The order field for purchase will then appear.
• Step 5: Invest in crypto
  Enter an investment amount and confirm the transaction.

Top alternatives: Invest in crypto ETFs or crypto CFDs

Meaningful crypto investments can also be made with crypto derivatives. Best Crypto ETFs and CFDs are popular derivative financial instruments that allow investors to profit from price movements without directly purchasing and physically owning cryptocurrencies.

Invest in crypto ETFs

A crypto ETF (Exchange Traded Fund) is an investment fund that contains cryptocurrencies such as Bitcoin, Ethereum, and other digital assets. In contrast to a direct cryptocurrency purchase, a crypto ETF allows investors to participate in the performance of the crypto portfolio by purchasing fund shares.

These fund shares are traded on stock exchanges, similar to stocks. The crypto ETF tracks the performance of a specific index or a selection of cryptocurrencies, allowing investors to achieve broader diversification. Plus, there’s no need to set up a digital wallet, manage private keys, or worry about hacks or theft.

Invest in crypto CFDs

Crypto CFDs (Contract for Difference) allow investors to speculate on the price movements of cryptocurrencies without actually owning the underlying assets. Crypto CFDs allow you to take long or short positions, depending on whether you want to bet on rising or falling prices.

Unlike direct crypto investing, CFD investors do not purchase physical cryptocurrencies but rather enter into agreements with a broker such as MEXC that make up the difference between the opening and closing prices of the position. Crypto CFDs offer leverage, which on the one hand brings with it the chance of higher profits, but means the risk of higher losses.

Does it make sense to invest in crypto in 2024? Our conclusion

Despite the fact that many cryptocurrencies are trading below their all-time highs, the crypto market remains an exciting environment for investors.

Bitcoin, for example, has seen remarkable growth of several million percent over the last decade. Many altcoins achieved similar returns over shorter periods of time. In 2024, crypto investments can definitely make sense.

When it comes to coins with high return potential, investors should definitely consider the presales of new crypto projects. These make it possible to purchase a brand new cryptocurrency before its public sale.

In this context, the Bitcoin Minetrix token stands out, especially due to its brand new stake-to-mine approach, which allows retail investors to get into mining at affordable prices without having to own their own hardware. An innovative approach that could fundamentally revolutionize mining and of course enormously increase the value of the coin after the presale is completed.

Buy Bitcoin Minetrix now