Top Beginner Cryptocurrency to Buy in 2024 — 9 Best Crypto for Beginners

Looking for the best crypto for beginners can be overwhelming, especially if you’re new to the cryptocurrency market. Therefore, having the right information can make all the difference.

This guide is specifically designed for crypto newbies who are interested in diving into the world of cryptocurrency but don’t know where to start.

We’ve listed 11 of the best beginner crypto to buy right now based on their price potential, liquidity, and, most importantly, their accessibility and suitability for those starting in this field.

Let’s begin.

A Closer Look at 2024‘s Best Crypto for Beginners

Being a crypto beginner and investing in cryptocurrency doesn’t need to be complicated. All of the coins listed above can be purchased seamlessly using a laptop, smartphone, or tablet. Furthermore, many of them are still in the early stages of their life span – making them ideal for long-term investors.

Without further ado, let’s dive in and explore the best beginner crypto in the market today:

1. Pepe Unchained — Top Coin for Beginners With Double the Staking Rewards

If you are looking for the best cryptocurrency for beginners, check out Pepe Unchained ($PEPU), the new Pepe version with upgraded features. One of them is the Layer-2 technology, which offers enhanced speed, security, and scalability, issues commonly associated with Layer 1.

Layer-2 solutions also offer the lowest transaction fees, so instead of paying for transaction costs, your investment can go toward earning gains.

Pepe Unchained is the first Pepe token with its own chain. Its volume capacity is 100 times higher than Ethereum’s. The project also provides impressive staking rewards, offering annual returns of 142%.

The current price of $PEPU is $0.0115, and it will increase with every presale stage. The total token supply is $8 billion, with 1.6 billion tokens, or 20%, allocated to the presale. So far, the project has raised over $21.5 million.

2. Catslap — Best Crypto Investment for Beginners Who Are Into Cat-Themed Memes

The Catslap token is probably the best crypto for beginners as this cat-based meme coin is partnered with Best Wallet. Not only does this give it credibility, but it also increases its chances of adoption since BW has over 1 million users. Moreover, there is a possibility that the creators of WIF are behind Catslap, which further increased its demand once it got listed on DEXs.

On that note, 18 hours after its launch on DEXs, its market cap increased by 1,900%, reaching the $20 million mark. Catslap’s developers also aim to keep their community engaged through an addictive and fun slapping game. In this game, players will be able to slap Pepe to earn points for their country and to advance on the Slapometer. It’s rumored that this game could be gamified in the future. Investors can also stake their tokens for a fixed APY of 40%.

All the above factors indicate that Catslap could become the next 100x cat token, especially after BTC hits the $100k mark and the crypto market officially becomes bullish.

3. Crypto All-Stars — Good Entry Coin Allowing You to Stake the Most Popular Meme Coins

Crypto All-Stars is a game-changing token that aims to revolutionize the meme coin space through its innovative staking mechanism, the MemeVault. This protocol allows users to stake the most popular meme coins, including Pepe, Shiba Inu, and Dogecoin, in one place.

In addition to staking some of the well-known meme coins, users who want 3x the staking rewards would have to hold and stake $STARS tokens, too.

The project is in its first roadmap stage, focusing on the presale and staking. Lucky early buyers can get their tokens and start earning huge gains. The ongoing presale has been a success so far, raising  $337k within minutes of the launch. The presale will get 20% of the total token supply, translating to 8,413,939,394 $STARS tokens.

Buying this token is easy and involves five simple steps, but you can only claim the tokens after the presale concludes.

4. Flockerz — At a Cheap Price of $0.0057012, Get Great Early Returns on Your First Investment

What’s the best crypto to buy for beginners? The one that puts the power in the hands of its community. With that in mind, Flockerz is a DAO whose goal is to improve the meme coin space with its groundbreaking vote-to-earn mechanism. This means that its members can earn $FLOCK tokens by engaging in the project’s governance. The more they vote, the more tokens they’ll earn. This also means that Flockerz is a community-driven project. That is, it won’t be controlled by a single entity but by its Flock.

Early investors can stake their tokens immediately for an APY, which is currently 5.244%. This will enable them to earn passive income over a 2-year period. Flockerz’s tokenomics system is strategically allocated to enable its Flock to profit by investing early in the project. On that note, the total token supply of 12 billion will be allocated in the following way:

• 20% will go towards the presale
• 25% towards staking and the Flock Vault
• 20% towards marketing
• 10% towards liquidity

The current price of one $FLOCK is $0.0058394. Join the Flock now to profit from its future price appreciation.

5. Best Wallet Token — Best Crypto to Buy as a Beginner, Providing Many Learning Resources

If you are looking for the hottest cryptocurrency, check out Best Wallet Token. It offers high staking rewards, extremely low transaction fees, and accessible learning resources. It also provides governance rights so users can vote on all major project-related decisions and learning resources, which are excellent for beginners. 

Best Wallet Token currently holds a private sale, available only to its community, after which it will launch a public presale, where all interested investors can take part. The presale will occur in 100 stages, with each stage presenting a price increase. The current $BEST token price is also the lowest, at $0.02250000.

The total token supply is 10B, of which 4.5% is reserved for the presale. The rest is distributed among exchange liquidity, product development, airdrops, marketing, staking rewards, and treasury. Being the first crypto wallet to use Fireblocks MPC-CMP technology, users can be confident in its exceptional security.

6. Sponge V2 — An Upgraded Version of Sponge V1 That Uses a Stake-To-Bridge Model

Sponge V2 is a new meme coin that aims to replace its predecessor Sponge V1. This project uses an innovative staking system called stake-to-bridge. This means that investors will be able to get V2 tokens by locking their V1 tokens into V2 staking pools. Once the Sponge V2 launches, it will replace the Sponge V1.

With that in mind, Sponge V2 is a good crypto coin for beginners as it promises massive APYs. Moreover, unlike V1, V2 is a utility token. This means that investors will be able to use it to play the P2E game Sponge Racer and earn additional rewards.

Sponge V2 has a total token supply of 150 billion, and over nine billion tokens have been staked so far. Its current price is $0.000017 per token. After the presale, the $SPONGEV2 token could repeat the success of its predecessor, V1, which achieved a $100 million market cap.

7. FreeDum Fighters — The Best Beginner Cryptocurrency for Investors Who Are Into PolitiFi Tokens

FreeDum Fighters is a new political token that mirrors the US presidential race in a satirical and parodic way. With that in mind, investors can earn rewards by voting for Magatron, Kamacop 9000, or both. Voting will take place through the staking mechanism. Each candidate will have its own staking pool with a dynamic APY. The pool with more votes will have a lower APY, enabling investors to hedge their bets.

FreeDum Fighters is the best cryptocurrency to invest in as a beginner, as it enables community members to earn multiple rewards. In addition to staking rewards, they’ll be able to join weekly events to win secret airdrops. Moreover, the presale purchase will be available on four networks: ETH, Base, BSC EVM Chains (ETH), and SOL.

The $DUM token has a maximum supply of 270 billion, of which 40% will be reserved for early birds. Its starting price is set at $0.00005.

8. Ethereum — Highly Accessible Token for Beginner Crypto Portfolio

Those starting as crypto beginners may consider adding Ethereum to their portfolio. Many analysts still regard Ethereum as the best cryptocurrency to buy since it forms the foundation of the DeFi and NFT industries. In addition, Ethereum’s smart contract functionality makes it ideal for decentralized app (dApp) developers in various niches.

Ethereum is a viable option for the best beginner crypto trader since it is incredibly accessible. According to CoinMarketCap, the vast majority of crypto exchanges and brokers will offer ETH as a tradeable asset since it remains the second-largest crypto in the world.

Another reason to consider Ethereum a good entry crypto is the transition to a Proof-of-Stake (PoS) consensus protocol. This transition, dubbed ‘The Merge,’ improved Ethereum’s scalability and reduced gas fees, which have plagued network users for years.

9. Bitcoin — Biggest Beginner Crypto to Trade with Low Fees

Bitcoin needs no introduction. This digital currency started the cryptocurrency revolution and has become the best Proof-of-Work coin on the market. Even though other projects may have more ‘exciting’ use cases, market participants still opt to invest in Bitcoin due to its first-mover status. This adds enormous credibility to Bitcoin and is why broader financial markets have adopted the coin.

Bitcoin is likely the best-starting crypto to invest in since many trading platforms offer fractional BTC investing. This means that investors can buy ‘fractions’ of a coin instead of purchasing an entire Bitcoin, which is priced at $57,157 at the time of writing.

Another reason Bitcoin could be the best beginner token is that it is now accepted by merchants worldwide as a payment method. Since BTC is the largest digital currency, we’ll likely see demand continue to rise for this coin over the long term.

How to Choose the Best Beginner Crypto

Selecting the best crypto for beginners involves understanding its significance and potential volatility to make informed investment decisions. And now that we’ve discussed the best cryptos for beginners, let’s focus on the factors to bear in mind when making an investment decision.

With that in mind, presented below are five elements to keep in mind when choosing which crypto to invest in: 

Focus on Use Cases

One of the most important factors to consider is the project’s use case. Projects that survive over the long term have real-world utility, providing a reason for demand to remain high.

Look for Strong Price Potential

Beginners looking for the next cryptocurrency to explode may wish to consider cryptocurrencies with a low price point. Although these tend to be riskier, they often provide scope for triple-digit (or even quadruple-digit) returns.

Many of the best crypto presales will meet these criteria. However, as presale projects are still in development, it’s vital to understand that prices can be more volatile than established coins once they become listed on CEXs or DEXs. 

Make Sure the Tokens are Accessible

Another way to seek out beginner cryptos is to ensure the tokens are accessible. This means they can easily be purchased through the best crypto exchanges using a laptop, smartphone, or tablet.

Find Cryptos Offering Regular Income Opportunities

Beginners may also wish to consider cryptocurrencies that offer regular income. This can be through staking or liquidity mining – both of which are prevalent in the DeFi space.

However, income can also be made through projects like Tamadoge, which offers play-to-earn (P2E) mechanics. These mechanics provide tokenized rewards for skilled gameplay, which can be spent on in-game items or exchanged into different digital currencies. 

Review the Project’s Roadmap, Development Team & Whitepaper

Finally, it is crucial to review each project’s roadmap, development team, and whitepaper before making an investment decision. These three elements help inform whether the project will be a success or whether it could be a ‘rug pull.’

In addition, the best beginner crypto projects will also have elements that add to their legitimacy. This may be through KYC verification on CoinSniper or a smart contract audit through SolidProof.io – both of which help build trust in the project. 

How to Invest in Crypto for Beginners

The process of crypto investing for beginners includes the following steps:

Finding the Best Crypto Coin for Beginners 

Which cryptocurrency is best for beginners? The one with multiple use cases, a large trading volume, and a strong community.

Finding a Reputable Crypto Exchange or a Crypto Broker

Crypto exchanges are platforms that enable investors to trade their coins. They act as intermediaries between buyers and sellers. Crypto exchanges can be centralized and decentralized. CEXs are more suitable for beginners as they offer higher liquidity.

On the other hand, crypto brokers are individuals or platforms that act as intermediaries between traders and crypto markets. They facilitate the process of buying crypto for beginners by offering simplified entry points and educational resources.

Creating An Account

The next step includes creating an account on the selected crypto exchange. This process involves providing personal information, like a phone number and email. Some exchanges require KYC verification, which includes ID card verification. However, investors who prefer anonymity can trade their coins on no-KYC exchanges, although they usually impose higher fees.

Adding Funds

To start trading, investors must first fund their account with the crypto of their choice. Most exchanges support credit cards and bank transfers. However, these payment methods also have higher fees.

Deciding How Much to Invest 

Consider your trading strategy, budget, and risk tolerance to determine how much to invest. You should also consider gas fees and transaction fees when estimating your budget. After determining how much funds to invest in cryptocurrencies, make a purchase by entering the crypto ticker symbol ($PEPU, $STARS, $FLOCK, etc.) and the amount you wish to buy. You should never invest more than you can afford to lose.

Managing Your Coins

You can decide to hodl your coins if they show signs of long-term growth, or you can trade them on a daily basis. How you manage your coins will depend on your trading strategy. To find the best trading strategy, use technical analysis that includes price charts and historical market data. This will help you determine whether your investment is overvalued or undervalued.

How to Start Building Your Crypto Portfolio

Now that you know what’s the best crypto to buy for beginners, here’s how to start building your portfolio. A good crypto portfolio should be diversified. On that note, a well-balanced crypto portfolio will contain around 20 different cryptocurrencies. The most popular types of cryptocurrencies are NFTs, utility, governance, and gaming tokens. Crypto portfolios should also contain a mix of large-cap, mid-cap, and small-cap coins. Why? Because large-cap coins are more stable, while small-cap coins have greater growth potential.

You should also invest in coins that will suit your trading strategy. On that note, if you’re a long-term investor, opt for popular coins like BTC and ETH. If you’re a short-term investor, you’ll benefit more by investing in meme coins since they are more prone to price fluctuations.

Keep an eye on the current market trends to adjust your portfolio. For example, during the altcoin season, altcoins perform better than BTC, while during the bitcoin season, the situation is reversed.

What Is the Best Crypto Wallet for Beginners?

Crypto wallets can be hot and cold. Hot wallets are software wallets connected to the Internet. This means that their users’ private keys will be stored online, which makes them more convenient for beginners. Hot wallets are designed to enable quick access to funds, and they can be installed on computers and smartphones as apps.

On the other hand, cold wallets are hardware wallets, i.e., they are not connected to the Internet, which makes them more secure. However, they are less convenient than hot wallets since their usage requires multiple steps. Beginners may also find it difficult to set them up.

Crypto wallets can be custodial and non-custodial. The former are more suitable for beginners since their private keys will be held by a third party.

What Is the Best Crypto Exchange for Beginners?

The best crypto exchanges for beginners are characterized by:

• User-friendly interfaces
• Educational resources
• Demo accounts
• Transparent fee structures
• Responsive customer support

As mentioned before, crypto exchanges can be centralized or decentralized. CEXs are more suitable for beginners because they use order books instead of smart contracts. Order books enable traders to see the current bid and ask prices. They also aggregate real-time supply and demand data, enabling CEXs to match buy and sell orders automatically. Moreover, CEXs offer faster transactions since they have a higher trading volume than DEXs.

In short, CEXs are more convenient than DEXs. They are designed to make crypto trading available to all types of investors. They prioritize fiat-to-crypto swaps and offer multiple features, from staking to learning modules.

Conclusion

Discovering the best crypto for beginners involves understanding the fundamentals of cryptocurrency trading for beginners, ensuring a smooth and informed entry into the market. With that in mind, this guide was designed to provide a comprehensive overview of the best crypto for beginners so that you, the reader, can make smarter investment choices.

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