When buying your first crypto, it is crucial to understand the main rule of all successful crypto investors: buy both large and low-cap coins. Large-cap assets are the market leaders everyone has heard about - Bitcoin, Ethereum, etc. These assets have the biggest capitalisation and the highest price. They are less sensitive to market fluctuations and can definitely stand the crypto winter.
Low-cap coins are also worth attention. They are more volatile, so their rates may skyrocket during the next bull market trend.
The most traded cryptos throughout all crypto platforms are Bitcoin and Ethereum. ETH BTC is one of the most traded pairs. Let's talk about these projects briefly.
What is BTC?
Bitcoin is the first crypto asset that emerged in the market. It's all-time high price was at the mark of $67. The market capitalisation exceeds $329 billion. Bitcoin blockchain runs on the Proof-of-Work consensus protocol. Following Bitcoin, all other crypto assets were developed; some of them even use the Bitcoin codebase. All crypto coins that emerged after BTC are called altcoins. BTC is the crypto leader, setting the market trend.
What is Ethereum?
Ethereum is not only an asset but also a platform for developers that create and deploy decentralized apps, smart contracts, blockchain games, etc. Recently, the Ethereum network switched to the Proof-of-Stake mechanism. So now it is possible to stake ETH.
Other advantages of Ethereum:
- Cheap transactions
- Good throughput
- High speed of transactions
- No mining
Both these leading crypto assets are worth buying. You may use the WhiteBIT crypto exchange to buy these coins, convert ETH to BTC, and other popular crypto assets. On the WhiteBIT blog, you will find many interesting articles on this topic as well as guides on various trading operations. Also, the blog regularly rolls out overviews of up-and-coming projects that deserve your attention.