There are many factors to consider when choosing a cryptocurrency, the following stand out:
• Utility: answering questions such as: exactly what do I want a cryptocurrency for? For what purpose will I use a certain cryptocurrency? Will it be for personal use or for my company? They will help us to have a defined objective that will effectively guide our choice.
• Strategy: we must analyze how profitable and viable the cryptocurrency project of our choice will be, and that is not only about investing and making a profit in the future, it also has to see how we are going to move this money in the present, to through which wallet, Exchange, OTC, or other places specialized in cryptocurrencies. It is no secret to anyone that each of these places of exchanges has its benefits and disadvantages, so we will find a wide variety of cups for deposits, transactions and withdrawals, which means that in this direction we must outline our strategy commercial mobility of our crypto capital.
• Vision of the Future: the present item is closely connected with the previous one, we should not skimp when making an analysis of the cryptocurrency that according to its proposal has a better vision of the future, always coupled with the needs of the citizens of the world. Choosing a cryptocurrency with excellent future probabilities will always be a better economic investment.
• Versatility and convertibility: they say that the best cryptocurrency is the one that provides you with more options and ways of exchange, something totally true since the wider the range of mobility of a cryptocurrency in various Exchanges and OTC locations, between others, so will its versatility, something that translates into efficiency and even economy. Also, you should take into account your geography, the place in the world where you live, since if you need to convert this cryptocurrency into fiat money or other currency, you must analyze how convertible that currency is in your country or city, a crucial factor when operating successfully in your area.
• Scalability: this factor is extremely crucial, remember how varied are the cryptocurrencies in the market, so are the different types of scalability. Factors such as: transaction time, number of transactions per second, open source, anonymity, cost of commissions, among others, are preponderant aspects that must be adjusted appropriately to your personal or business financial project.
• Sympathy: Although it sounds a bit strange it is important to have some affinity with the cryptocurrency of choice, after all it is the one you will bet on and with which you will live daily, either as a method of management, payment or savings, that is, You should also feel happy with this and its characteristics, it is always better to bring good vibes to a project.
Once you have analyzed all personal or business factors to choose a cryptocurrency, and understand well what you are looking for, the time has come to scrutinize what kind of cryptocurrencies exist in the market, and through which platform you are going to manage it.
In this Post we will particularly talk about the type of cryptocurrency that CoinCola offers and provides, a fairly comprehensive exchange place since it is a multipurpose platform that has:
A free OTC market: where you can buy and sell Bitcoin and other cryptocurrencies in exchange for local fiat money, or sell your gift cards in exchange for Bitcoin and other cryptocurrencies.
Exchange Platform: to do professional cryptocurrency trading with the lowest rates in the market.
Referral Plan: CoinCola has the best referral plan in the market, where you can earn up to 20% for each referral of yours that completes a transaction on the platform.
More comprehensive Web application on the market, and an intuitive and friendly interface in both your app and web platform.
Wide range of cryptocurrencies strategically selected for you: CoinCola currently offers 9 cryptocurrencies, and is constantly exploring possibilities for new inclusions.
Types of Cryptocurrencies offered by CoinCola, choose yours Now!:
- Conventional Cryptocurrencies: they are mainly used as valuation assets that inspire greater confidence for their complete decentralization, in this segment CoinCola offers Bitcoin, Bitcoin Cash and Litecoin. Bitcoin is the founder and the most popular and influential, of crypto-market, something that translates into trust for most investors worldwide, who do not care so much about scalability or other options, since for them the main thing is : decentralization, credibility, trust and security. Behind Bitcoin in this segment in CoinCola we have Bitcoin Cash and LiteCoin, the first is a controversial Bitcoin fork with certain improvements in scalability and the second is a cryptocurrency created and inspired by Bitcoin, also with improvements in scalability, both enjoy of a good positioning in the market capitalization, occupying respectively the fifth and sixth global place.
- Cryptocurrencies of Smart Contracts: they are cryptocurrencies used not only as valuation assets, but as a monetary unit for the management of decentralized applications, whose main focus is on smart contracts. Much of its behavior in the market, depends largely on each of the decentralized projects that are being created and developed in each of these Blockchain platforms. CoinCola currently offers two cryptocurrencies with these characteristics, it should be noted that they are the two most important and influential in the market: Ethereum and EOS. If you believe that the future points in this direction and you want to make investment on the basis of stable, solid and durable projects these cryptocurrencies are probably your best option.
- Super Convertible Cryptocurrencies: they are the cryptocurrencies that were created to be the solution of money transfers worldwide, we are not only talking about cryptocurrencies, they are also easily convertible with the fiat currency. These cryptocurrencies were not born to ethically criticize fiat money, it only matters to facilitate all types of monetary conversion worldwide. Currently in CoinCola we have one of these options: Ripple, the best in its segment, although there are others in the segment such as Stellar. Other characteristics of these cryptocurrencies is that the transaction fees are very economical, usually have excellent scalability, better than conventional cryptocurrencies. Even though they are valuation assets, their main focus is on facilitating transactions for financial companies and users.
- Stablecoins cryptocurrencies: They are crypto assets created to maintain a constant price in the market, this is achieved through the anchoring in other fiat assets, raw materials and even other cryptocurrencies. This anchoring process works through monetary support from Stablecoin in assets such as the US dollar, gold, etc. CoinCola provides two of these stable cryptocurrencies, such as Tether and Gemini.
- Confidential Cryptocurrencies: In most conventional cryptocurrencies transparency is a preponderant factor to strengthen trust in the network, that is, a fully auditable Blockchain, however, for many this modality represents a problem since they feel that their information , transactions and capital are fully exposed, as an alternative cryptocurrencies focused on confidentiality were born, so that both personal information, transactions and their capital remain completely anonymous. CoinCola offers one of the most important cryptocurrencies in the segment, it is Dash, which also has a decentralized governance system, and an interesting technological and human infrastructure in the world. Other cryptocurrencies of segments such are; Monero and Zcash.
Now you can choose your ideal cryptocurrency according to your personal or business needs. Click here and choose your ideal cryptocurrency in CoinCola: https://www.coincola.com/buy-bitcoin
Marcelo Durán
Communications Specialist at CoinCola International.