Scam Cryptocurrencies offer quick returns on investments, in most situations they are promoted to be the next Bitcoin, deceiving the gullible into believing they will magically increase in value overnight. However, this scam Cryptocurrencies do not solve any real problems, the teams behind them (the creators) are not credible and in most cases use fake names and establishment. We will talk more on that as we proceed with this course.
Legitimate alternative Cryptocurrencies like Ethereum, Cardano etc… on the other hand are backed by solid technologies, the teams who created them are credible and well known, they have huge transaction volumes (we will talk about transaction volumes in the next page). Furthermore, they are listed in top exchanges and have good market capitalizations (we will talk about exchanges and market caps shortly).
Having known the types of Cryptocurrencies and their basic differences, let’s proceed to talk about how to buy them.