Cryptocurrency is so popular in today’s world and has entered mainstream consciousness in a short span of time.
Everyone who is aware of the technology knows about cryptocurrency. There would be impossible to find someone who doesn’t know a thing or two about cryptocurrency.
But when it comes to penny cryptocurrency not many people are aware of it. It is not because they are not popular or are not worth investing in.
They are just less popular than bitcoin. I am here to guide you about penny cryptocurrencies.
This article will guide you about where to buy penny cryptocurrency. First, we need to know about the terminology and about the facts which make them a valuable asset.
I’ll let you know about the penny cryptocurrencies and then will tell you where to buy them from. Penny cryptocurrencies are digital assets and their value is less than $1.
When you do market research of the crypto market you’ll get to know that most of the currencies available for purchase are penny cryptos.
Many people think about why their prices are low. The reason behind this is that Litecoin, Ethereum and, Bitocin are considered as big players, and people are used to buying them so the other currencies become minor.
Because of bitcoins solid reputation, all the other currencies have been known as “altcoins”, which means alternates of Bitcoin. So now we’ll discuss where to buy penny cryptocurrency.
Why Invest in Penny Cryptocurrency?
So you should invest in penny cryptocurrency because it has the potential for high returns.
The cryptocurrencies which are newly released are at times priced low to attract investors.
So it’s good to make a start and then if the coin works well the price and the demand will go up.
Another reason to buy penny cryptocurrency is that you should diversify your cryptocurrency portfolio to step up your game and have constant returns from your investment.
It can give opportunities for passive income. You can purchase some most profitable dividend cryptocurrencies which are less than $1.
They are like stock dividends which means you get money by holding them for a long time.
Top Penny Cryptocurrencies to Buy
- Ripple XRP
- Stellar Lumens XLM
- Basic attention token BAT
- Cardano ADA
- Qlink QLC
- Steem
- Enjin coin ENJ
- Ren
- Ravencoin RVN
- Tron TRX
- OmiseGO OMG
- Ontology ONT
You can purchase all these coins at Binance Exchange. It is one of the best exchange to start trading with penny cryptocurrency and as well as big coins like Bitcoin, Etherium and BNB.
Where can I buy Penny Cryptocurrencies?
So, our main concern is to tell you where to buy penny cryptocurrency. You can buy penny cryptocurrencies from trading platforms like Bittrex and Binance.
They offer good security measures and a great choice of penny cryptocurrencies as well. You should pay attention to the variety of altcoins.
It is challenging to find a reliable exchange and the one supporting obscure tokens. Exchanges like these accept coins that promise them profit and show high demand.
So, trading platforms are your answer to the question of where to buy penny cryptocurrency.
What are Crypto Exchanges?
Crypto exchanges are places to buy and sell cryptocurrencies. You can transfer your currency to another account.
You can store them for the time being and later trade them with other currencies.
If you have not used digital currency before, and you have never bought any digital assets in your life then you need to get started by buying fiat to crypto exchange.
Fiat currencies can be used as a deposit method without an issue. And when you have gained experience and you have cryptos and you want to trade for other cryptos, you can easily switch from crypto to crypto exchange.
Bittrex Exchange
It is a famous cryptocurrency exchange that has headquarters in Washington. This is the perfect answer to the question of where to buy penny cryptocurrency?
This platform has recently opened up to international clientele and it is offering its services to millions of people in the world.
It is suitable for beginners and experienced people as well. It has an endless list of cryptocurrencies.
Its minimal design makes it easy for people to buy and sell crypto. They have now added the instant buy and sell option as well.
Binance Exchange
The largest and the most popular cryptocurrency exchange in the world is the Binance exchange.
Binance exchange was found in 2017 with a thought of altcoin trading. It is used for the trade of cryptocurrencies.
It supports all the most commonly traded cryptocurrencies. It is one of the most popular exchanges for cryptocurrencies.
It offers trading of more than 500 cryptocurrencies and virtual tokens. These include bitcoin, ethereum, litecoin, dogecoin, and its very own Binance coin.
The binance exchange provides its customers with a crypto wallet facility in which they can keep their electronic funds.
If you want to make investment decisions while trading Binance will provide you with supporting programs. BNB is the Binance coin which is a blockchain-based token.
Binance has a low transaction fee with high liquidity. It offers additional coins if you pay in its native currency i.e BNB.
Trading on Binance
Binance is used by traders for investing and exchanging with different cryptocurrencies.
If you want to start with the trading you need to complete the KYC requirements, which are necessary.
Make an account on Binance Exchange and then perform the verification after that you will be able to do trading on this platform.
When you are done making the account you can add crypto funds to your wallet address given by Binance for starting your trade.
Binance supports stop limit, market, and limit orders. Market orders are done at the same time at the best market price available.
The limit orders are taken at the price which is set by the trader. The stop-limit order becomes valid only when the price reaches a specific level.
Binance gives 5 types of orders for crypto derivatives, mostly on future contracts. These include:
- Limit TP/SL
- Post only order
- Trailing stop order
- Stop market order
- Stop limit order
- Market order
- Limit order
The transaction fee is only charged for the withdrawals, which is different for all cryptocurrencies and their amounts. No fee is charged for depositing crypto funds.
Frequently Asked Questions
Where can I find penny crypto?
The penny crypto is available on popular cryptocurrency exchanges. You need to check the metrics of the coin on a popular crypto site just like CoinMarketCap.
You should look for the percentage gain. It should be higher than 50% for 7 days
Can I invest 1$ in Bitcoin?
Yes you can invest $1 into bitcoin. 100000000 satoshis are equivalent to one BTC.
Until and unless one BTC is worth $100000000 or less (until and unless satoshi is having worth less than $1) you can easily invest as low as $1 in BTC.
Best altcoins to trade ??
Best altcoins to trade are Litecoin, IOTA, Tezos (XTZ), Ripple (XRP), and Ethereum. These are known as the best coins to trade.
You can purchase these coins and start trading at Binance Exchange.
Conclusion
These were the trading sites from where to buy penny cryptocurrency. You have many solid reasons now to search for the best cryptocurrencies and invest in them.
Penny cryptocurrencies can provide you with the opportunity to have exposure to innovative projects. It can help you make your currency diversified.
It has the potential to give you much more than a 100% return on your investment. In few cases, crypto bots are used to make it easier to automate your trades.
No one can 100% predict the best altcoins available for investment in 2021. We know facts about the crypto market that when it gets bigger it will multiply at lower rates with time.
Some of the crypto names will disappear in the upcoming years. My suggestion is to not buy cryptocurrencies that are down all the time because they are at discount.
These cryptocurrencies won’t recover from those price levels. This advice is my personal opinion.
You should do your research before you think of investing in penny cryptocurrency. This was my guide on where to buy penny cryptocurrency.
If you want to know more about cryptocurrency check other block post on our website.
