Top 3 Low-Risk Cryptocurrencies to Buy in 2023

All markets are subject to supply and demand, on whose basis interest in an asset and its price is formed. Low-cost cryptocurrencies are growing more actively than bitcoin, but investing in them is riskier, and there are a number of reasons for this. In the article, we will figure out which low-risk cryptocurrencies are best to buy in 2023. Let’s get started!

Should You Invest in Crypto in 2023?

Investing in digital assets should be conscious and without the goal of getting rich in a few days or weeks. Cryptocurrencies are the future, although only some understand and fully realize this. When investing, the most important thing will be finding an asset you need to buy for 2023 and the next 5-10 years of holding.

Cryptocurrencies are high-risk assets for any investor, but they also allow you to earn a fortune in a short time period. Coins for investment must meet the needs of a particular person, and it is important to understand what result should be expected from the asset.

Digital currencies should be clear and simple, without complicated methods of buying/ selling, withdrawing, and exchanging. Behind each token, there is a certain project, a team, or a group of developers, which determines the prospects and opportunities in the future.

Currently, the market is in a deep correction; many assets have lost from 70% to 95% of their value. Now is a time of great opportunity — markets cannot rise or fall all the time. Thus, in 2023, there is a chance for those who start buying coins in 2022 to make a huge profit. Experts are confident that Bitcoin will not stay below the $20,000 mark for a long time.

Altcoins, including Ethereum, have become a significant asset for the entire market. Analysts believe they will show strength in the coming years, growing by thousands of percent. New developments, including DeFi, may turn out to be areas of maximum demand, which means they will show a positive trend. Bryan Gross, ICHI platform manager, is sure of this:

Emerging crypto developments such as decentralized finance and decentralized autonomous organizations are likely to be the highest growth areas of crypto.

For the first time in history, more than $200 billion has been invested in the DeFi sector, the interest of large capitals in technologies remains, and more and more funds are invested in DeFi projects.

State bodies of various countries and entire states have shown curiosity toward cryptocurrencies since 2021. Large-scale bans on the use of digital coins began in China, and some elements of the cryptocurrency market were suspended in the USA. Experts are sure that the key area for regulators is stablecoins, especially Tether (USDT).

Bitcoin is the main cryptocurrency, digital gold, and the leading asset by market capitalization and daily trading volume, but it is not the only option to buy and hold in 2023. There are a number of promising projects that can give more profit in the future. Below is a list of coins by risk level in which you can invest. More money should be invested in less risky assets, and a minimum percentage of the total balance should be invested in high-risk assets.

Top 3 Low-Risk Cryptocurrencies to Invest in 2023

When building an investment portfolio, diversification is important. This will not only protect investments but also contribute to increasing their value in the long run. Most of the money should definitely be invested in less risky assets to eliminate most risks. Below is a list of low-risk coins to invest in 2023.

Bitcoin (BTC)

Bitcoin has always been one of the best cryptocurrencies for value storage and holding. BTC is the leader of the entire cryptocurrency market and the main reference point. 2021 was an indicative year for the asset — it rose to $63K and set an all-time high of $68K in another six months.

The future for Bitcoin is almost guaranteed to be positive. Already today, it is accepted for online payments in many countries; some have legalized the asset by making the coin an official means of payment.

Considering the coin from a technological point of view, BTC is outdated, and there are better and more promising projects. The limited amount makes BTC highly demanded — the time will come, and the demand for 1 BTC will be even greater than it is now, but the price can be hundreds of thousands of dollars per coin. Jesse Powell, the CEO of the Kraken exchange, is confident that people need to think about BTC as an investment for 5 years or more.

If you’re wondering where to buy bitcoin, you should definitely think about doing it at Switchere. On our platform, you have an opportunity to buy BTC in the fastest and most convenient ways using any available payment method.

Switchere is one of the most reliable online exchanges for buying cryptocurrencies. The company is a licensed provider of financial services, with guaranteed legal compliance and a secure infrastructure system for fast crypto exchange services at fair prices.

Switchere is characterized by the fastest order processing and instant delivery — in fact, you get your ordered amount of crypto within minutes after making a payment. Moreover, we offer some surprising bonuses! Users of our platform enjoy a 0% service fee for the first order.

Ethereum (ETH)

The second cryptocurrency for low-risk investment is Ethereum. This is a promising altcoin, the advantage of which lies in its focus on innovation. Ethereum is not just a cryptocurrency but a complete platform for developers. Inside it, you can create your assets using blockchain technology and smart contracts. The current value is in the $1,000 range, but ETH has better dynamics than BTC during active growth. Within the network, transactions can take 15 seconds, while BTC takes about 15 minutes.

Ethereum’s role in most DApps makes the asset a safe investment. One of the reasons why you can see rapid growth of ETH in 2023 is the Ethereum 2.0 update.

Project prospects include:

- Upgrading to version 2.0 and switching to PoS. By abandoning mining, a significant blockchain acceleration is expected.

- Powerful team and community supporting the token. Skilled developers are more important and valuable than investors in the long run.

The risks include the unsuccessful implementation of the update. No one guarantees that ETH 2.0 will be successful. The release may be delayed, which will be a critical point for the project.

Binance Coin (BNB)

BNB is a cryptocurrency of the Binance exchange, which ranks 3rd by market capitalization and operates using the BFT consensus method. This currency is deflationary: a burning of tokens takes place once a quarter. The asset may be one of the promising coins for 2023, showing a sharp increase. Compared to the assets described above, the exchange token is developing in different directions.

Binance has been creating its own ecosystem for a long time, and any user can find a lot of useful features from working on the exchange itself: receiving passive income, DApps, etc.

The fundamentals are quite strong, but Binance Coin has some interesting mechanics:

- Launchpad is a process that allows people to buy the exchange token and then hold it to receive new tokens from the listing. The specificity has a positive effect on the token’s value, especially in unstable market times.

- Ability to convert any cryptocurrencies and stablecoins to BNB.

- Binance coin (BNB) auto-burn.

Many new projects are launching on the BSC network, and the Binance exchange has an important advantage compared with other platforms — SuperApp. DeFi projects are also building on BSC, and Binance Coin is the basis for such projects. This dependence on the token has increased over the years, and investments in BNB in 2023 will be justified. The main risk is the ban on the exchange in some countries and problems with regulators that already exist.

The Binance platform itself is actively working with regulatory authorities, developing in many key countries, and representative offices work with local companies and regulators.

Conclusion

The crypto industry is rapidly growing and developing. Today, we’ve considered the top 3 low-risk cryptocurrencies which are worth buying in 2023. As of January 2023, the entire cryptocurrency market seems to be going through a correction phase. Therefore, the decision on which cryptocurrency to buy in 2023 must be made by carefully studying the charts and market news.

Disclaimer

This information is provided for informational purposes only. Such information is not intended as and may not be relied upon as trading advice. Before deciding to trade cryptocurrencies, you should carefully consider your objectives, level of experience, and risk appetite. Please do your own research and due diligence on the services provided by online cryptocurrency trading platforms.