Cryptocurrencies are a extremely risky asset class, are nonetheless unregulated in Australia and, too usually, are an enviornment for hackers and scammers. However, Australians are crypto-curious. In keeping with shopper group CHOICE, nearly one in 5 Aussies are both concerned in some type of cryptocurrency buying and selling or are occupied with getting concerned. Those that steer clear from crypto usually accomplish that due to the danger of crypto scams.
From Bitcoin and Ethereum to Dogecoin and Tether, there are millions of completely different cryptocurrencies, making it overwhelming whenever you’re first getting began.
That can assist you get your bearings, these are the highest 10 cryptocurrencies primarily based on their market capitalisation or the full worth of all of the cash presently in circulation. This isn’t a advice of what you must or mustn’t purchase, merely an inventory of probably the most beneficial so you may get a way of the enjoying discipline earlier than you determine whether or not to roll the cube and put money into crypto.