Cryptocurrencies are one of the hottest investment options today, especially for experts who can read and predict the market. Since the first cryptocurrency, Bitcoin broke into the limelight, it has become one of the best cryptocurrencies to buy, propelling the industry as a whole to grow beyond initial expectations. In this guide, we will be discussing 10 cryptocurrencies you can buy on Bitmama.
What are the top 10 cryptocurrencies you can buy on Bitmama?
Here is a rundown of some of the best cryptocurrencies to buy on Bitmama today:
1. Bitcoin
Easily the cream of the crop in market cap and popularity, Bitcoin established the crypto market and isn’t going anywhere anytime soon. Essentially, it has become the go-to cryptocurrency for traders and investors who can hold through the volatility may record a profit.
Purchase Bitcoin on Bitmama today. Download the Bitmama app for Android or iOS
2. Ethereum
Basically considered the next big crypto after Bitcoin, Ethereum is a decentralized software platform that supports smart contracts and decentralized applications (dApps). The platform is built to run without any downtime, control, fraud, or interference from any third party.
Ethereum is the second largest digital token in the crypto industry in terms of market capitalization, placing it as one of the best cryptocurrencies to buy today.
Get started on your Ethereum purchase journey today, Download the Bitmama app for Android or iOS.
3. Ripple (XRP)
XRP is a very popular cryptocurrency today and is mostly used as a token for low transaction fees and fast transactions. By working in conjunction with financial institutions, Ripple lowers currency rates and allows real-time exchange rates.
Several banks also use Ripple for facilitating transactions across the globe as opposed to using intermediaries for cross-border transactions which could take days to complete and at high costs.
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4. Stellar (XLM)
Similar to Ethereum, Stellar is an open-source decentralized payment network that leverages blockchain technology to allow users to transfer funds. XLM is the native cryptocurrency of the Stellar blockchain and it can be used to pay transaction fees. However, it is not the only native crypto on the blockchain.
5. CELO
CELO is another global payment infrastructure platform for cryptocurrencies targeting mobile users. Basically, the goal is to make financial activities more accessible to everyone globally. The native crypto, Celo is also a good cryptocurrency with fair market capitalization since its inception and may be a good investment for those willing to play the long game.
6. Tether (USDT)
Tether (USDT) is a stable coin compared to some of its crypto rivals. This means that its value is pegged to an external reference. Tether, for instance, is backed by established fiat currencies like US dollars, pounds or euros and it hypothetically retains a value equal to one of those denominations.
7. US Dollar coin (USDC)
The US Dollar Coin (USDC) is another stablecoin which means its value is redeemable on a 1:1 basis for the US dollar. USDC is backed by dollar-denominated assets held in different accounts with US-regulated financial institutions. Ethereum powers the coin and it can be used for transactions globally.
8. Celo Dollars (CUSD)
Basically, Celo Dollars (CUSD) are stablecoins that match the US dollar in value and are native to the Celo blockchain’s reserve system. Users can send and receive cUSD by using a wallet that supports the coin.
9. Celo Euro (CEUR)
Celo Euro (CEUR) is another stablecoin native to the Celo blockchain’s Reserve system but designed to track the Euro instead of Dolla like the cUSD. With cEUR, users can transfer value cheaper, faster and more easily on their smartphones.
10. Polygon (MATIC)
Basically, this is Polygon’s native cryptocurrency, an ERC-20 token created on the Ethereum blockchain. MATIC is the native cryptocurrency to the network and it is in limited supply with about $7.4 billion in circulation.
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How to buy Cryptocurrencies on Bitmama
Follow the steps below to buy cryptocurrencies on Bitmama:
Step 1: Download, register and log into your account on the Bitmama app.
Step 2: Navigate to the verification page in your ”Account” section. Click on the verification button to submit the necessary documents for your verification up to level 3.
Step 3: From your homepage, select “Buy”.
Step 4: Select the type of crypto you wish to purchase and its amount
Step 5: Click “Buy” and your transaction will be initiated and your wallet credited in less than 5 minutes!
Note that you can also opt for our P2P exchange and browse through the available listings to purchase the cryptocurrency of your choosing.
As the best crypto exchange app in Africa, Bitmama offers a secure marketplace for crypto enthusiasts. Perform activities like crypto exchange, crypto staking, and creating virtual dollar or crypto cards for online payment.
Get started today by downloading the Bitmama app on Android or iOS.
