The 10 Best Crypto To Buy Right Now in 2024

Are you looking to invest in the world of cryptocurrency or want the next big thing in the world of cryptocurrency? Then, you’ve come to the right place, as we’ve done the research and are excited to share our findings on the best crypto to buy!

With the rise of Bitcoin and other digital currencies, it’s no surprise that investors are flocking to the crypto market. But with new coins popping up left and right, how do you know the best crypto to buy right now or which one will provide the best return on investment?

In this article, we will explore the top cryptocurrency that has the potential to skyrocket in value. From innovative technology to impressive growth, our 10 best cryptocurrencies to buy right now offer you the opportunity to invest in game-changing cryptos.

So, whether you’re a seasoned investor or just getting started, get ready to discover the best crypto to buy and potentially reap the rewards of a wise investment decision.

An Overview of the 10 Best Crypto To Buy in 2024

10 Best Cryptocurrencies to Buy Now

The world of cryptocurrencies can be overwhelming, with thousands of options available in Canada. However, after careful analysis and research, we have narrowed down the top 10 cryptocurrencies to buy now.

These digital assets offer unique features and benefits, ranging from high scalability and efficiency to strong security and privacy.

Whether you’re looking to invest in a long-term winner or capitalize on short-term gains, these ten cryptocurrencies are the top picks for any savvy investor.

1. Bitcoin (BTC)

• Maturity: Very easy
• Coin Community: Large with a market cap of $880 billion 
• Purchase acceptability: Known Worldwide
• Investment risk and Volatility: It’s risky and volatile
• Legality: The coin is legal

Bitcoin is one of the best cryptocurrencies to buy now. It is because it is in the top 5 cryptocurrencies, has strong support from the community, and has market dominance. Moreover, it is a solid store of value across society.

Bitcoin has a worldwide cryptocurrency payment system. It is the first decentralized digital currency. It works without a central single administrator. Programmers under the name Satoshi Nakamoto invented it and released it as open-source software in 2009. 

Features

• A Cryptosystem is peer-to-peer, so transactions occur between users directly, with no middleman.
• A public blockchain records these transactions after network nodes have verified them.
• Creating bitcoins is a reward for mining.
• You can exchange Bitcoin for other currencies, products, and services. 

Pros

• It’s accessible and has a lot of liquidity
• Has user anonymity
• It is transparent
• Has independence from a central authority
• Comes with a high return potential

Cons

• It is volatile 
• Has no government interference or regulations
• The transaction is irreversible
• It has limited use

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2. Ether (ETH)

• Maturity: Very easy
• Coin Community: Market gap of $415 billion 
• Purchase acceptability: Known Worldwide
• Investment risk and Volatility: It’s risky and volatile
• Legality: The coin is legal.

ETH, or “Ether”, is the currency of the Ethereum blockchain and one of the best cryptocurrencies to buy now, which is a decentralized platform used to build applications using smart contracts. Like BTC, ETH is created by mining and uses proof-of-work as its consensus algorithm.

Ether crypto offers a private, secure, untraceable currency protected from prying eyes by a shifting lattice of encrypted traffic. Talk about a revolution in private transactions. 

Ether crypto uses a combination of high-tech public key encryption and blockchain technology to facilitate completely anonymous monetary transactions that can be verified as valid and legit by even the strictest of auditors.

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Features

• The Ethereum platform powers ether crypto.
• The Ethereum platform is a decentralized Turing-complete virtual machine that allows anyone to run any program, regardless of the permission given by the machine to do so. 
• The virtual machine makes it possible for Ether crypto to send tokens of value over the internet without relying on a centralized machine.

Pros

• Ether is a global transaction
• It is easier to mine than Bitcoin
• Ether has a large support
• It is fast
• No downtime payment
• Has a large community support

Cons

• Since it has large transactions, you have to wait sometimes for a few days to get your transactions approved
• Their transactions cost money
• Has a hub centralization
• Has a price volatility
• A large number of tokens available brings a lack of an upper cap and makes inflation go up and down
• It lacks a governing body, and it has no rules in place.

3. Tether (USDT)

• Maturity: Easy
• Coin Community: Market gap of over $79 billion Purchase acceptability: Known World wild
• Investment risk and Volatility: It’s risky and volatile
• Legality: The coin is legal

Tether USD token is one of the best cryptocurrencies to buy now. It’s a cryptocurrency built on the Bitcoin blockchain and pegged to the U.S. dollar.  

The Tether platform uses blockchain technology to transfer and convert traditional currencies to stablecoins, enabling users to transact with fiat currencies across the crypto-verse.

Features

• Tether is a stable digital currency with direct fiat currency transfer capabilities.
• The capacities on Tether allow users to store, send and receive digital tokens pegged to dollars, euros and yen without the volatility associated with other cryptocurrencies.
• Tether enables users to transact with fiat currencies across the exchanges without the risks of managing fiat currencies or using chargebacks.
• Tether is more consistent than other cryptocurrencies.
• It was created in favour of investors wary of other coins’ extreme volatility.

Pros

• Transfers between Tether wallets have zero fees.
• Since you can take no position when trading or cash out and wait for the right opportunity, there is no risk in this waiting time
• Their transactions take just a few minutes to complete
• USDT has valued stability when compared with other fiat currencies

• No mining option when mining Tether
• Lacks anonymity and so you have to show documents before you can open an account
• The volatility level can be 2% to 3% and has never come down to zero

4. Binance Coin (BNB)

• Maturity: Very easy
• Coin Community: Market gap of over $68 billion 
• Coin purchase acceptability: Known Worldwide
• Investment risk and Volatility: It’s risky and volatile
• Legality: The coin is legal.

Binance BNB coin is one of the best cryptocurrencies to buy now. It is a token created by the Binance cryptocurrency exchange and sold at a discount on its platform.

This allows fees to be covered using discounted BNB coins and enables users who purchase and hold the coin to also share in some of the exchange’s profits.

• BNB facilitates transaction fees on the Binance Exchange, including trading fees, listing fees, and any other fees on the platform. 
• Built by one of the world’s most experienced blockchain teams
• Binance Coin is at the forefront of cryptocurrency exchange technology and innovation.
• Binance Coin is the cryptocurrency of the Binance platform.
• It is a trading platform only for cryptocurrencies.
• Binance Coins can be used to pay fees.

• Low instant buying fees
• Binance coin is a large coin to select
• Has many extra services they render

• Interruption and problems in account verification
• The U.S. can’t use Binance coins; it’s not available in the U.S.
• The corporate structure is not transparent

5. U.S. Dollar Coin (USDC)

• Maturity: Very easy
• Coin Community: Market gap of over $53 billion Purchase acceptability: Known World wild
• Investment risk and Volatility: It’s risky and volatile
• Legality: The coin is legal

It is a top pick among stablecoins. U.S. Dollar Coin (USDC) is a stable, fully collateralized USD stablecoin developed by Center, an open-source project. You can convert 1 USD to 1 USDC and take advantage of blockchain technology to send money around the world quickly, reliably, and at almost no cost.

 The two main uses of USDC are as a stable store of value and as an easy way to move between other crypto-assets on crypto exchanges.

• USD Coin is a U.S. dollar-backed stablecoin. 
• It is one of the stablecoins
• Hold USD Coin, and you will always have the same 1-to-1 value ratio with the U.S. dollar
• Like other stablecoins, USDC is an altcoin that is purportedly pegged to the stable asset of USD.

• It’s gradually and intentionally bringing value to the entire blockchain platform
• USDC is becoming the most sort after stablecoin, following USDT

• The areas involved with stablecoins are competitive
• USDC is second to USDT and can’t be compared with some great coins.

6. XRP (XRP)

• Maturity: Very easy
• Coin Community: Market gap of $40 billion 
• Purchase acceptability: Known worldwide
• Investment risk and Volatility: It’s risky and volatile
• Legality: The coin is legal

XRP is often called the “best crypto to buy now.” The currency is seen as elegant and efficient, which bodes well for its longevity. J.P. Morgan developed XRP for international money transfers, but it’s now available on cryptocurrency exchanges such as Kraken, Poloniex, and Bitstamp.

Ripple is a payment and exchange network called the Ripple Transaction Protocol or Ripple protocol. A distributed open-source Internet protocol supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value, such as frequent flier miles or mobile minutes.

It is based on a shared and public database or ledger, which uses a consensus process that allows payments to be settled in real-time without intermediaries.

• XRP works with financial institutions and banks to solve liquidity issues
• It provides the capability to send global payments within minutes. Its speedy capabilities make it superior to others.
• Ripple offers a global financial settlement solution to enable the world to exchange value like it already exchanges information giving rise to an Internet of Value (IoV).
• This open-source cryptocurrency falls under Ripple Labs
• Ripple solution is a simple, secure, and low-cost transaction.
• The XRP is one of the most popular cryptocurrencies on the blockchain, designed to be on payment channels like xRapid. 

• XRP transactions are fast to execute
• The fees are cheap and affordable

• Ripple’s consensus idea and protocol are arguably less secure when compared to other methods of processing crypto transactions.

8. Cardano (ADA)

• Maturity: Very easy
• Coin Community: Market gap of $10.6 billion 
• Purchase acceptability: Known Worldwide
• Investment risk and Volatility: It’s risky and volatile
• Legality: The coin is legal

Cardano is a decentralized blockchain platform and cryptocurrency. It was launched in 2017 by Input Output Hong Kong (IOHK), a technology company founded by Charles Hoskinson, one of the co-founders of Ethereum.

Like Ethereum, Cardano supports smart contracts, allowing developers to build decentralized applications (dApps) on the platform.

Cardano is designed to be a sustainable blockchain platform focusing on environmental and social responsibility. The platform includes a treasury system used to fund development and other projects and mechanisms for ensuring that the platform can adapt to changing needs over time.

Features

• Cardano uses a Proof of Stake (PoS) consensus mechanism
• Its architecture is designed to be scalable
• It has a layered architecture with separate networking, competition, and settlement layers.
• It has a decentralized governance model.
• It is designed to be a secure and resistant system to ensure user funds and data safety.

Pros

• More environmentally friendly
• Faster transactions at faster processing times than Bitcoin or Ethereum
• Peer-reviewed network

Cons

• Cardano has trouble standing out among the competition
• Has a problem catching up to more established competitors

9. Dogecoin (DOGE)

• Maturity: Very easy
• Coin Community: Market gap of $9 billion 
• Purchase acceptability: Known Worldwide
• Investment risk and Volatility: It’s not risky and volatile
• Legality: The coin is legal

Dogecoin is among the numerous cryptocurrencies that have emerged in recent times. It is a digital cryptocurrency created in 2013 by software engineers Billy Markus and Jackson Palmer. 

However, unlike several other digital currencies developed to address a particular issue, Dogecoin was essentially created as a jest aimed at Bitcoin and the absurdity of investing in a digital asset that lacked any underlying asset or revenue stream.

Features

• Generally cheaper than traditional payment methods, as they don’t involve intermediaries or fees.
• It is decentralized
• It has a fixed supply limit of 129 billion coins, which helps to prevent devaluation.
• It is relatively easy to obtain and use, with many exchanges and wallets supporting the currency. 
• It has a large and passionate community of supporters actively promoting and using the currency, creating memes, and contributing to various projects.

Pros

• Same network security as Bitcoin
• Easy to mine
• Supportive community

Cons

• Unlimited supply
• No development team or roadmap
• High risk

10. Avalanche (AVAX)

• Maturity: Very easy
• Coin Community: Market gap of $40 billion 
• Purchase acceptability: Known worldwide
• Investment risk and Volatility: It’s risky and volatile
• Legality: The coin is legal

Avalanche is a decentralized blockchain platform that features its own native cryptocurrency, called AVAX. It was launched in 2020 and is designed to be a highly scalable, efficient, and interoperable blockchain network supporting a wide range of applications and use cases.

Avalanche’s decentralised governance model allows AVAX holders to vote on proposals and decisions related to the platform. This helps to ensure that the platform remains community-driven and responsive to the needs of its users.

Features

• AVAX is designed to be highly scalable. And can process thousands of transactions per second (TPS).
• It is interoperable with other blockchain platforms
• It has low transaction fees
• It has a decentralized governance model
• It uses a consensus mechanism called Avalanche-X to be highly efficient and secure.

Pros

• Fast transaction processing times
• Capable of supporting many blockchain-based projects
• Reward structure incentivizes participation

Cons

• Avalanche validators must stake 2,000 AVAX tokens
• Stiff competition from platforms like Ethereum
• Malicious or careless validators are never penalized by losing their AVAX

How We Chose The Best Cryptocurrencies to Buy

Before I came up with this list of the best cryptocurrencies to buy now or assets to invest in, I conducted my research on facts, figures ​and what I have seen to date in the market, and I then based my analysis on several factors that in my opinion set different coins apart from each other.

The factors include:

• Coin maturity
• Coin Community
• Coin technology
• Coin purchase acceptability
• Coin investment risk or Volatility and
• Coin legality.

How Does Cryptocurrency Work?

 One of the biggest steps to buying crypto and knowing the best crypto to buy is figuring out how cryptocurrency works. 

I have compiled some facts about how crypto works, and I hope you find them helpful.

1. Transactions in cryptocurrencies are verified and secured through a blockchain framework. This uses a network of nodes that records each transaction and updates a public ledger independently.
2. The ledger base creates different copies of the same transaction record, rendering a deep security level.
3. The blockchain software crypto uses is “open source,” implying that anyone can download the software and contribute to the public ledger. 
4. Each time the computers in the network consent to a transaction, they permanently record it in the blockchain.
5. Many blockchains out there use different procedures to verify transactions.
6. The Bitcoin platform uses proof-of-work, or PoW and verification, to verify transactions by solving complex mathematical puzzles.
7. In return for the complex puzzle solved, miners earn newly minted crypto.
8. Proof-of-stake and cryptocurrencies choose transaction validators based on the number of coins they have locked into the network.
9. A private key is a password that investors use to access their currency.
10. The private key is what investors need to enter to send or receive cryptocurrency. 
11. These keys are stored by investors in cryptocurrency wallets. 
12. Wallets can be hardware devices or mobile app software that users can install on their phones to trade. 
13. In the cold and hot storage world, wallets connected to the internet are “hot”, while those not connected to the internet are “cold.”

Final Thoughts on Best Crypto to Buy

Cryptocurrencies have taken the world by storm, and the market is only growing bigger and more diverse. 

With so many options out there, it can be difficult to know which crypto to buy. However, after careful analysis of the top contenders, we have come up with this list of the best cryptocurrency to buy right now in Canada.

So whether you’re a seasoned investor or just starting out, these cryptocurrencies have the potential to change the game and deliver impressive returns. So, if you’re ready to dive into the exciting world of cryptocurrencies, et ready to join the revolution and ride the wave of this innovative and game-changing digital asset.

FAQS on the Best Crypto to Buy

Are cryptocurrencies 100% secure?

No, they are not. Crypto is volatile‌, the keys and wallets can be hacked, lost, or stolen. However, it has high security, and it’s decentralized.

Are cryptocurrency transactions anonymous?

I cannot say it entirely anonymously, why? Software firms like Chainalysis and Elliptic have helped federal investigators track cryptocurrency criminals, tax cheats, and invaders.

Even though no personal identifying information is attached to the public blockchain ledger, these software companies could achieve this.

Are cryptocurrency transactions free?

Crypto transactions are not free. The trades are subject to both exchange fees and network fees. 

Most platform exchanges charge fees of a minimum of 0.1% and a maximum of 1% of the value of the trade.