It’s easy to buy cryptos with your credit card, but if you have a limited amount of funds to invest and want to get in on some of the biggest names in the space, you may want to try your debit card. Unfortunately, most exchanges don’t allow you to directly purchase these big coins like Ethereum (ETH) or Ripple (XRP), but there are still several top exchanges that do let you buy Ethereum or Ripple with your debit card. Here are 5 cryptocurrencies you can still buy with your debit card!
Bitcoin (BTC)
Bitcoin is the cryptocurrency that started it all. It is one of the first digital currencies to use peer-to-peer technology to operate without any central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin uses SHA-256, which is considered to be very secure. If you are looking for an alternative to fiat currency, this is your best bet. There will only ever be 21 million Bitcoins in circulation, so if you’re looking for something rare, this may work well. It can also work well as an investment vehicle if you believe in the value increases over time. The price has been steadily climbing up and at the time of writing, each bitcoin is worth around $8000 USD. Ethereum (ETH): Ethereum was created by Vitalik Buterin in 2015. Unlike other cryptocurrencies where mining has been replaced by proof-of-stake algorithms, Ethereum still relies on mining. The name Ethereum comes from its goal: To run the programming code of any decentralized application.
The Ether coin fuels these applications.
Ethereum (ETH)
Ethereum's goal is to create a platform for the development and implementation of decentralized applications. Ethereum shares many similarities with Bitcoin, including the idea of being decentralised and open-source. The main difference between Ethereum and Bitcoin is that Ethereum has an additional programming language called Solidity, which allows developers to write smart contracts. Smart contracts are simply pieces of code that can be written to be executed automatically when certain conditions are met. For example, if Alice sends Bob 5 ETH on Monday, then the contract executes itself at midnight on Sunday and makes sure that Bob receives the money by Monday morning. What does this mean? It means you don't need to wait around all day Saturday or Sunday to see if your transaction goes through (unless you have high transaction fees). Plus, no middlemen to worry about; it's just you and the computer doing everything! Plus, while only 32 countries currently support buying bitcoin with a debit card - more than 140 countries support buying Ethereum with a debit card. That includes countries in Africa like Kenya and Nigeria. Buy eth with debit card now!
Litecoin (LTC)
Litecoin is one of the oldest cryptocurrencies and has been able to stand the test of time. It’s also fairly low priced, meaning you can invest in it without spending too much money. Litecoin also has lower transaction fees than bitcoin, meaning your coins will go further with litecoin! What are some other cryptos worth buying now? Find out next week.
What is Litecoin? If you haven’t heard of it before, here’s a quick rundown: A cryptocurrency that runs off blockchain technology, like most others, but was created by Charlie Lee (aka SatoshiLite) in 2011. Litecoin transactions process faster than bitcoin transactions, which means they don't take as long. With only 21 million LTC to be made, it's not likely for there to be inflation - which means each coin will become more valuable over time. What are some other cryptos worth buying now? Find out next week.
XRP (XRP)
XRP is the most valuable cryptocurrency on the market, trading at just under $0.60 per token. That's nearly a 60% increase in its value since January 2018. XRP is also one of the fastest cryptocurrencies on the market, currently handling 2,000 transactions per second. If you're looking to invest in crypto but don't have the cash to spare, XRP is one of your best bets. Other good coins include Monero (XMR) and Dash (DASH), which are both fast and popular coins that can be bought using a debit card or bank transfer, meaning they're not too difficult to purchase. Litecoin (LTC) and Bitcoin Cash (BCH) are two other options if you want an alternative to Ripple. LTC has increased by more than 400% this year, while BCH is up more than 1000%. Ethereum (ETH) might be worth a look as well. It's down from its peak earlier this year, but it could still prove to be worth investing in. Coins like Zcash (ZEC) and Tron (TRX) offer smaller investments for people who only want to spend a little bit of money on cryptos. There's no real way to predict what these currencies will do next, so investors should do their own research before buying anything. However, with the current xrp price now live prices available on exchanges, many of these coins are going for dirt cheap prices that may never happen again.
It's down from its peak earlier this year, but it could still prove to be worth investing in.
Monero (XMR)
Monero is an open-source cryptocurrency generate in April 2014. It focuses on privacy and decentralization that runs on Windows, macOS, Linux, Android, and FreeBSD. Monero uses a public ledger to record transactions while new units are generate through a process called mining. Monero's mining algorithm was designed to be ASIC resistant and can be mined using only the CPU or GPU power of your own computer. The idea behind this is to make Monero available for anyone with even just a little bit of processing power. If you're looking for an alternative coin that doesn't have some shady history, look no further than Monero. Other cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).
Bitcoin has been around since 2009, it started out as something of a novelty but quickly became evident that there was real potential here. For one thing, it allowed users to transact value anywhere in the world without needing permission from any government or bank. Because bitcoin isn’t issued by any centralized organization there’s also no risk of inflation caused by manipulating the money supply as governments do with fiat currencies. This explains why bitcoin has been so popular and valuable over time as people realize its potential.
