Students can make a lot of money through a variety of side hustles to cover additional expenses as well as the cost of their scholastic supplies. However, as a student, you must make the most of your time and avoid wasting it on part-time jobs that pay little or nothing.
But what sort of side job would be best for students? Which one is time-worthy?
When this occurs, bitcoin investing becomes a factor. There is a good chance you have heard of it. People have been drawn to cryptocurrencies by the possibility of significant investment profits for a number of years.
In this guide on how to buy and invest in cryptocurrency, we have compiled a list of the top 10 cryptocurrencies that college students can save as a watchlist to buy.
Buying cryptocurrency can be one of the best student investments or side income ideas for busy students.
What is Cryptocurrency?
It takes a long time to learn and perfect the art of investing. The cryptocurrency sector is huge, extremely complicated, and time-consuming to research. Therefore, you must spend some time thoroughly researching this subject before you start diving into how to buy and invest in cryptocurrency.
You can get started by learning the fundamental idea behind cryptocurrencies.
A digital currency, or cryptocurrency, is an alternative payment method developed utilizing encryption methods. By utilizing encryption technology, cryptocurrencies can act as both a medium of exchange and a virtual accounting system.
Considering that some people think this is the way money will operate in the future, now is the time to invest as early as you can in the scheme.
Top 10 Cryptocurrencies by Market Capitalization
Considering how volatile the cryptocurrency market is, picking the right coin is crucial. According to their market capitalization, these are the top ten cryptocurrencies that are good candidates for investment.
10. Polygon (MATIC)
Market Cap: $7,951,221,487
Fully Diluted Valuation: $7,951,221,487
Circulating Supply: 8,868,740,690 MATIC
9. Dogecoin (DOGE)
Market Cap: $11,731,321,848
Fully Diluted Valuation: –
Circulating Supply: 136,949,276,383 DOGE
8. Cardano (ADA)
Market Cap: $11,637,915,567
Fully Diluted Valuation: $14,943,811,934
Circulating Supply: 35,045,020,830 ADA
7. XRP (XRP)
Market Cap: $19,250,162,748
Fully Diluted Valuation: $38,322,198,832
Circulating Supply: 50,232,406,634 XRP
6. Binance USD (BUSD)
Market Cap: $22,919,030,043
Fully Diluted Valuation: $22,919,030,043
Circulating Supply: 22,900,463,412 BUSD
5. BNB (BNB)
Market Cap: $44,654,601,180
Fully Diluted Valuation: $54,697,977,203
Circulating Supply: 163,276,974 BNB
4. USD Coin (USDC)
Market Cap: $44,085,188,607
Fully Diluted Valuation: $44,089,504,766
Circulating Supply: 44,023,070,462 USDC
3. Tether (USDT)
Market Cap: $65,983,470,242
Fully Diluted Valuation: $65,983,470,242
Circulating Supply: 65,944,685,875 USDT
2. Ethereum (ETH)
Market Cap: $147,095,633,980
Fully Diluted Valuation: $147,095,633,980
Circulating Supply: 120,514,577 ETH
1. Bitcoin (BTC)
Market Cap: $322,334,340,550
Fully Diluted Valuation: $352,357,278,000
Circulating Supply: 19,210,675 BTC
Three of the ten cryptocurrencies above are stablecoins: USDC, USDT, and BUSD. That means you can skip the three as investment coins since the value of stablecoins is near stable. So if you want to invest in cryptocurrency you can choose Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, and Matic.
Top 5 Cryptocurrency Spot Exchanges
Here are five cryptocurrency spot exchanges to start your cryptocurrency investment and trading. We sort it based on popularity.
With more than 500 cryptocurrency and fiat pairs available globally on its platform and an average daily volume of billions of dollars, Binance is one of the biggest cryptocurrency spot exchanges.
Since it enables cryptocurrency traders to exchange almost every alternative coin available on the market, Binance has become more and more popular.
Additionally, the trading platform offers a feature called Binance Academy where inexperienced cryptocurrency traders can watch brief lectures to learn about how to buy and invest in cryptocurrency.
Binance is a popular choice among cryptocurrency day traders as well as new cryptocurrency traders because of its low trading fees, robust charting tools, and user-friendly mobile app that make trading quick and easy.
Open a Binance account here and receive a 100 USDT cashback voucher!
Due to its user-friendly layout and high level of security, KuCoin, a relatively new cryptocurrency exchange, has swiftly gained a devoted following. The exchange is well known for having several unique cryptocurrency pairs, allowing customers to buy a wide range of cryptocurrencies.
It offers apps available on the Android and iOS app stores in addition to allowing trading on all popular desktop operating systems (macOS, Windows, and Linux). It also has an internal risk department that looks into any possibly dubious activity on the website.
Open a Kucoin account and start trading here.
3. Coinbase Exchange
Coinbase is a great platform for beginning investors like you thanks to its user-friendly interface, simple onboarding procedure, and low initial Bitcoin amount.
Coinbase has really been used by traders to buy, sell, and manage their cryptocurrencies since 2012, and as time has gone on, this exchange has only become better.
Coinbase, one of the top cryptocurrency exchanges for newcomers, has approximately 98 million members, but it is also well-liked by seasoned investors and enterprises. Additionally, it is a good place to remain up to date on new cryptocurrency projects, alternative coins, and digital asset news.
Since its founding in 2011, Kraken has established itself as a reputable and secure cryptocurrency exchange. Although this exchange includes fundamental tools for beginning traders, Kraken’s Pro site is where you may advance your cryptocurrency investing.
Staking appeals to cryptocurrency investors who want to set it and forget it, whereas advanced instruments like margin trading and crypto futures draw active consumers.
To make it simple for beginners to get started with as little as $10 and access to more than 65 cryptocurrencies, the exchange offers cryptocurrency instructions and a resource center. In addition to serving family offices, brokers, and high-frequency traders, Kraken also serves institutional clients.
Since 2013, Huobi has been among the top exchanges for cryptocurrencies. In that period, it established a remarkable reputation. To give you an idea of the types of businesses Huobi has previously partnered with, Huobi initially raised funds through the renowned venture capital firm Sequoia Capital.
Huobi uses the most up-to-date security measures for its exchanges, and its system is constantly monitored around the clock. Client assets are kept in dedicated multi-signature cold wallets. Huobi’s registration is also a quick and easy process.
Furthermore, compared to other exchanges on the market, it boasts one of the longest lists of tradeable assets.
Here are some cryptocurrency online courses to check out if you want to increase your understanding of cryptos and stay current with trends. These courses can assist you in learning more about the technology behind crypto, particularly in relation to how to buy and invest in cryptocurrency like a pro investor.