Top 10 Most Popular Cryptocurrencies to Buy at Switchere

Monitoring the growth and development of the cryptocurrency market, many crypto investors also want to acquire digital assets and make a profit with an increase in their rate. However, it is easy to feel overwhelmed by the huge number of cryptocurrencies in the crypto world. In this article, we will tell you which cryptocurrencies are most in demand among our loyal customers at Switchere. Let’s get started!

Why Switchere Is the Best Place to Buy Cryptocurrency?

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.

Thus, if you’re wondering where to buy some crypto coins, you should definitely think about doing it at Switchere. On our platform, you have an opportunity to buy all leading cryptocurrencies in the fastest and most convenient ways using any available payment method. Moreover, we offer some surprising bonuses! Users of our platform enjoy a 0% service fee for the first order.

Top 10 Best Cryptocurrencies to Buy at Switchere

Nowadays, there are many profitable digital assets in the crypto market. The ranking below provides a list of the most popular crypto assets among Switchere users for 2022. However, before making an investment decision, it is worthwhile to study each crypto independently.

#10 Concordium (CCD)

Concordium is a public-layer 1, science-backed blockchain designed to balance privacy with accountability through its ID layer. The protocol level ID ensures that every wallet is associated with a real-world identity that has been verified through a third-party ID provider so that people and companies can trust one another while remaining private, with zero-knowledge proof.

CCD is the platform’s native token used for paying transaction fees, staking, rewards for node operators, and as a collateral/settlement medium for Concordium’s DeFi landscape.

With leadership from Volvo, IKEA, Credit Suisse, and 52M EUR raised to date, the team is now scaling the chain to their extensive network of the world’s biggest enterprises.

#9 XRP (XRP)

XRP is a platform that primarily performs the role of a cheap and fast payment system. With its help, you can exchange currencies, including making cross-border payments. Many investors also note an increased level of network security, compared even with Bitcoin. Ripple transactions are fast, and power consumption is also significantly less.

Many investors justifiably believe that the XRP cryptocurrency can oust such giants as SWIFT and Western Union from the market. More than 40 international financial institutions actively cooperate with the ecosystem. Banking structures that have joined XRP significantly save on each financial transaction. XRP is becoming increasingly in demand, which means that there are prospects for an increase in its rate.

Why XRP is a promising cryptocurrency:

- Fast settlement. Transaction confirmations are incredibly fast.

- Used by large financial institutions.

- Very low fees.

- Versatile exchange network.

#8 Stellar (XLM)

Stellar (XLM) is a peer-to-peer (P2P) decentralized network created in 2014. The platform is designed to move financial resources swiftly and reliably at a minimal cost. Stellar links people, banks, and payment processors and allows users to create, send and trade multiple types of crypto.

The basis of the network is its native digital currency, XLM, which acts as an intermediate currency for operations and is also used to pay transaction fees. How it works: the protocol converts money in a few seconds, first into XLM and then into the requested currency.

Why XLM is a promising cryptocurrency:

- Solving the scaling issue. The Lighting Network technology has been implemented in the blockchain.

- Growth in the number of projects running on the Stellar platform.

- Expansion of the list of exchanges on which the coin is traded.

- Cooperation with IBM.

- A very promising currency for working with banks.

#7 BNB (BNB)

Binance Coin (BNB) is a token of the Binance exchange that allows you to save on commissions. Savings have declined over time. But then Binance management decided to extend the promotion and kept the 25% discount forever.

But saving on commissions is far from the only purpose of BNB. As of 2022, the token offers many ways to earn money within the ecosystem — Launchpool, deposits, etc.

Why BNB is a promising cryptocurrency:

- BNB allows trading and investment in other securities.

- It ensures quarterly token burn.

- It reduces fees paid for trading cryptocurrency.

- Lesser risk compared to other cryptocurrencies.

#6 Bitcoin Cash (BCH)

Bitcoin Cash (BCH) is a Bitcoin fork whose purpose is to eliminate some of its progenitor’s shortcomings. In particular, the currency offers its users such advantages as secure transaction verification, low fees, public innovation, and unlimited growth prospects.

Everyone who held bitcoins in their account at the time block #478558 was closed received some amount of Bitcoin Cash. Today it is one of the top currencies, which is ranked 30th crypto by market cap.

Why BCH is a promising cryptocurrency:

- Very low fees, many times less than Bitcoin.

- High transaction speed thanks to increased block size.

- Listing on all major crypto exchanges.

#5 TRON (TRX)

TRON (TRX) is a decentralized blockchain-based operating system developed by the Tron Foundation and launched in 2017. Initially, the project was created to provide full ownership rights to digital content makers. The main goal is to help content creators and encourage them with more rewards for their work.

TRX is the platform’s native token and a basic unit of account on the TRON blockchain. TRX is also a natural medium currency for all TRC-based tokens. The coin connects the entire TRON ecosystem with abundant application scenarios that power transactions and applications on the chain.

Why TRX is a promising cryptocurrency:

- TRX switched to its own blockchain. Thus, TRX has become a cryptocurrency and is no longer considered an ERC-20 token.

- The founder of the project, Justin Sun, said that he would use all his connections to conclude a contract with Alibaba, where he previously worked.

- Justin Sun announced a partnership with the largest crypto exchange Binance and the government of Malta.

- The main investors of the cryptocurrency are the Chinese — this confirms the prospect of the cryptocurrency, as China is one of the largest entertainment centers.

#4 Tether (USDT)

In theory, Tether is a peer-to-peer blockchain system and an open-source cryptocurrency. At the same time, it is the safest stablecoin, whose value is pegged to the US dollar. Market fluctuations practically do not affect its rate, although a temporary rise in price by 21% up to $1.22 took place in 2017.

It is also important that USDT is the most popular stablecoin. Almost all cryptocurrency exchanges and wallets support it as an alternative to traditional currency deposit and withdrawal methods. For individuals, this also has a lot of advantages: easy transfer of coins between exchanges and wallets, increased opportunities for arbitrage, and cross-exchange.

Why USDT is a promising cryptocurrency:

- Stable cost.

- High liquidity.

- Listing on almost all exchanges and exchange services.

- Support on many blockchains, which allow minimizing commissions.

#3 Ethereum (ETH)

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether, which ranks 2nd crypto by market cap after BTC. Ethereum works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.

Why ETH is a promising cryptocurrency:

- The project is actively developing.

- Several important upgrade milestones have already taken place, such as the recent switching to Proof-of-Stake (PoS), also known as The Merge upgrade.

- Developers are constantly testing new features and implementing successful ones. For example, a Metropolis update was released that improved network throughput.

- Many projects are launched on the Ethereum platform, positively affecting the ETH coin’s rate.

- Ether has an unlimited emission.

- Listing on almost all exchanges and exchange services.

#2 Litecoin (LTC)

Litecoin (LTC) is a bitcoin fork and a cryptocurrency designed to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology.

Why LTC is a promising cryptocurrency:

- The number of ATMs accepting LTC for payment is growing.

- Listing on almost all exchanges and exchange services.

- The creator of Litecoin, Charlie Lee, participated in creating the Coinbase exchange, and before that, he worked in the technical division of Google.

- The largest mining pools have added the ability to mine LTC.

- Partnership agreements have been signed with financial institutions, for example, with the processing center Aliant.

- Very low transaction fees.

#1 Bitcoin (BTC)

Traditionally, the first place in the list is occupied by the very first and most well-known cryptocurrency, Bitcoin. For the first time, its decentralized digital network started working in 2009, and since then, it has been considered the flagship guided by creators of altcoins, one way or another.

Bitcoin has always been the most expensive cryptocurrency but has also had difficult times. The coin either falls or recovers after a downtrend. In any case, the demand for it never disappears.

Why BTC is a promising cryptocurrency:

- The most well-known, popular, and reliable crypto coin.

- To date, 90% of all bitcoins have been mined. As the supply decreases, the coin’s rate will also increase.

- Listing on almost all exchanges and exchange services.

- Large investors are considering investments, first of all, in BTC, thus increasing its rate.

- A huge number of ATMs accept BTC for payment.

Conclusion

Today we have considered the most popular crypto assets among Switchere users for 2022. Still, when investing, do not forget that cryptocurrency is a volatile asset, and, in addition to making huge profits, there is also a chance of losing money. To reduce risks, it is worth studying market indicators, learning to read charts, and understanding how to act according to the market situation.

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.