Banking Update Read more

Top 3 cryptos for first time investors on AltCoinTrader

Top 3 cryptos for first time investors on AltCoinTrader
Buying cryptocurrencies for the first time can be both exciting and daunting. Buying cryptocurrencies on AltCoinTrader opens a new world with endless and exciting opportunities. Today we discuss the top 3 cryptos for first time investors on AltCoinTrader.

Why trade on AltCoinTrader

AltCoinTrader is a favourite amongst South African cryptocurrency traders. For the simple reason that only credible coins are listed on the exchange and the exchanges boasts with top knotch security. Did you know there has never been a successful hacking attempt on AltCoinTrader? The exchange was started in 2015 and aims to provide South African traders with a simple and easy to use platform that is ideal for both beginners and seasoned traders. AltCoinTrader keeps traders in the loop about the latest developments in the industry with a weekly blog and YouTube videos by AltCoinTrader CEO Richard de Sousa.

Top 3 cryptos for first time investors on AltCoinTrader


When Satoshi Nakamoto introduced the world to Bitcoin, it changed the world forever and ushered in the digitization of the economy. Unlike fiat currencies, Bitcoin is free from manipulation of outside factors and is a great anti-inflationary measure that makes it a better long-term investment. It has a limited supply of 21 million tokens meaning that no more coins can be mined. Bitcoin has enjoyed tremendous support from the private sector who are integrating and offering Bitcoin services to clients and customers across the globe. If you want to regain control of your financial future, Bitcoin is your best bet.


Ethereum is one of the most promising technologies on the market. Since its launch in 2015, the second largest cryptocurrency has grown from $1.50 to more than $4 500. The Ethereum network is faster than Bitcoin’s network, for technical reasons. Whilst it takes Bitcoin 10 minutes to process a transaction, Ethereum processes transactions in 15 seconds – 5 minutes. This makes the Ethereum network ideal for developing groundbreaking applications like dApps, DeFi, smart contracts, etc. Ethereum’s goal is to support any business and program and is the ideal problem solver.


Cardano’s primary objective is to make direct, fast and secure money transfers through the implementation of cryptography. It is referred to as a third-generation cryptocurrency that can handle smart contracts and improve on the shortcomings of both Bitcoin and Ethereum. Furthermore, Cardano prides itself on maintaining good flexibility and scalability which lends it to be sustainable.

Cardano features all the best properties of the cryptocurrency market as one of its features.

Best crypto investing tips

  • Only invest money you can afford to lose. Since the cryptocurrency market can be extremely volatile, be ready to see your portfolio drop by 20% easily.
  • Use a reputable cryptocurrency exchange/app. Ensure you trade with a cryptocurrency exchange that features outstanding security and good customer service, like AltCoinTrader to ensure the safety of your holdings.
  • Do your own research. You don’t have to be a blockchain expert but knowing the basics of cryptos is very beneficial. Do not invest in cryptos that do not have real world usage.
In conclusion, investing in cryptocurrencies is one of the best investments you will ever make. It is said that investing in cryptocurrencies on AltCoinTrader has the potential to create generational wealth.