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Best Crypto to Invest in UK 2022 – With 0% Fees

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There are now more cryptocurrencies than ever to invest in. Some are well-known and some are hidden gems. It can be tricky to find the best crypto to invest in yourself. However, in this guide, we do the work for you! 

You will discover the best cryptocurrency to invest in UK and how to invest in cryptocurrency with a safe, regulated broker, 100% commission-free!

Key Points on investing in cryptocurrency

  • In the last year, the cryptocurrency market has grown from $578 billion to a $3 trillion market cap. That growth is set to continue with investors keen to find the best crypto to invest in now. 
  • More companies than ever are adopting cryptocurrency with Mastercard partnering with three crypto companies to launch crypto-linked debit and credit cards. 
  • Some of the best cryptocurrency to invest in 2022 includes Bitcoin, Ethereum, Binance Coin, Luna and Solana. The latter surged more than 12,000% in last year alone.
  • Invest in cryptocurrency 100% commission-free, using the eToro Crypto Wallet which supports more than 120+ cryptos, is fully regulated and secure. 

68% of retail investor accounts lose money when trading CFDs with this provider.

The Best Cryptocurrency to Invest in 2022

With more than 6,000+ cryptocurrencies to invest in, finding the best cryptocurrency to invest in can be tricky. We’ve scoured the market to give you the top ten best crypto to invest in right now and for the long term. 

  1. Bitcoin (BTC) – Overall Best Crypto to Invest in Now – Invest now
  2. Ethereum (ETH) – Best Cryptocurrency to Invest for Long-Term Growth – Invest now
  3. Solana (SOL) – Best Cryptocurrency for Ethereum Alternative – Invest now
  4. Binance Coin (BNB) – Best Cryptocurrency to Invest for Future Growth
  5. Litecoin (LTC) – Best Cryptocurrency for Bitcoin Fork Spin-Off
  6. Chainlink (LINK) – Best Cryptocurrency for DeFi Innovation
  7. Decentraland (MANA) – Best Cryptocurrency to Invest for NFTs
  8. Cardano (ADA) – Best Cryptocurrency for Smart Contracts
  9. Aave (AAVE) – Best Cryptocurrency for Crypto Loans
  10. Uniswap (UNI) – Best Cryptocurrency for Invest in for DeFi

You can sign up to eToro to invest in cryptocurrencies with tight spreads. Additionally, you can gain access to the hottest and newest cryptos on the market. For example, you could buy Chiliz (‘the world’s first blockchain-based sports fan rewards platform‘), with a spread of just 3.9%.

In the top ten list of the best cryptocurrency to invest in 2022, each coin and altcoins have its own unique features and benefits. 

Some are established coins that will continue to gain institutional exposure while some are connected to hot new sectors such as DeFi, crypto loans and NFTs. 

You could also invest in the best meme coins such as DOGE and SHIB whose market price is heavily pegged to investor sentiment and social hype. To find which digital assets to invest in, let’s take a deeper dive into each one of these and analyse its long term prospects. 

In terms of new meme coins, you could buy Baby Doge Coin which has risen by 4.89% in the last 24 hour period.

1. Bitcoin (BTC) – Overall Best Crypto to Invest in Now

Even if you’re completely new to crypto investing, Bitcoin needs no introduction. It was the original coin that started the whole crypto movement, helping the market to now be worth more than $3 trillion. 

Bitcoin makes it to the top of our list simply because it is now being favoured among institutions to invest as it has the largest market capitalization of all coins. More and more investment banks are offering their high net worth clients ways to buy bitcoin. 

The first Bitcoin ETF was launched in late 2021, highlighting the early adoption of crypto among traditional investors. This trend is only likely to grow, helping to solidify Bitcoin in our number one spot. 

Best crypto to invest in BTC

While Bitcoin is already up more than 100% year to date, the recent dip has presented an interesting opportunity for investors. 

Since breaking through the $50,000 price level many analysts have forecasted the coin to reach $100,000 next, making Bitcoin one of the best cryptocurrency to invest in UK this year. 

68% of retail investor accounts lose money when trading CFDs with this provider.

2. Ethereum (ETH) – Best Cryptocurrency to Invest for Long-Term Growth

Ethereum is currently the world’s second-largest cryptocurrency after Bitcoin. It’s more widely used in real-world applications and is the native cryptocurrency of the Ether platform. 

The coin and its ecosystem are used for many of the world’s decentralized finance (DeFi) applications (Dapps), as well as many non-fungible tokens (NFTs) which are also built on the Ethereum blockchain technology. 

As Ethereum is used heavily in other crypto-related sectors, applications and products the demand for the coin is only likely to increase. The recent Ethereum 2.0 upgrade has also helped improve transaction speeds which is likely to lead to even more adoption. 

Best crypto to invest in - ETH

In 2021, Ethereum grew from $950 to $4,850, recording a more than 400% gain. While the price topped out just below the $5,000 price level, a break above this could lead to higher prices. 

Many analysts are forecasting the $10,000 price level to be reached next which is why Ethereum is the best digital currency to invest in 2021 for long term

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3. Solana (SOL) – Best Cryptocurrency for Ethereum Alternative

Solana is a public blockchain platform that is called the Ethereum killer. Both of them use smart contracts to run DeFi applications and NFTs. However, Solana is able to support tens of thousands of transactions per second which is a lot more than Ethereum. 

While Solana only went live in 2020, it has since surged more than 12,000% higher in the past year. Investors have focused on the fact that this coin could lead towards a new avenue in cryptocurrency innovation. 

Currently, the Solana coin is the fifth-largest cryptocurrency in the world but is likely to keep on growing. 

Best crypto to invest in SOL

In the above year to date performance of Solana against the US dollar, it’s clear to see the record rally higher in the Coinmarketcap image above. 

Considering the coin is the fifth-largest in the world, it is priced relatively cheaply ($213) compared to some of the bigger coins such as Bitcoin ($58,456). 

This is why Solana is classed as the best cheap cryptocurrency to invest in 2021. 

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4. Binance Coin (BNB) – Best Cryptocurrency to Invest for Future Growth

Binance Coin is the native coin issued by the Binance exchange which is one of the largest cryptocurrency exchanges in the world. It runs Binance’s own blockchain, the Binance chain. Every quarter, Binance uses a fifth of its profits to buy back the coin and destroy them, or ‘burn’ them, helping to keep the price high. 

Currently, Binance Coin is the third-largest cryptocurrency in the world. The Binance exchange is a cryptocurrency platform that allows you to buy and sell thousands of cryptos while accessing platforms for crypto staking, loans, DeFi applications and more. 

This means Binance Coin is likely to perform well in the future as the crypto exchange platform continues to grow. 

Best cryptocurrency to invest in BNB

Binance Coin is currently trading below its all-time high price level of around $675.00. Interestingly, the price of the coin has been here several times before and has failed to breakthrough. 

Many technical analysis chart technicians would say that the price will inevitably break through at some point, it is just waiting for a trigger – may be a global push in cryptos or a new announcement from Binance. 

If the price can break above $675, most investors would then focus on the coin reaching the $1,000 price level so it’s one to watch. 

68% of retail investor accounts lose money when trading CFDs with this provider.

5. Litecoin (LTC) – Best Cryptocurrency for Bitcoin Spin-Off

Litecoin is currently the fifteenth largest cryptocurrency in the world. Technically, the coin is nearly identical to Bitcoin. However, there are some differences. For example, Litecoin has been designed to be much faster than Bitcoin with transaction validations taking place much quicker. 

While Litecoin has failed to keep up with Bitcoin, it’s an interesting coin if you’re looking for a Bitcoin spin-off or alternative. It is priced much cheaper than Bitcoin, with the current Litecoin price around $226.00. Many crypto enthusiasts consider Bitcoin to be gold and Litecoin to be silver. 

best crypto to invest in LTC

The historic price action of Litecoin has been quite rocky. After a significant decline in May 2021, the coin’s price bottomed in July and has since been steadily pushing higher. 

It is still a long way off its all-time high price level but investors will be focused on the $400.00 price level in the next crypto boom higher. 

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6. Chainlink (LINK) – Best Cryptocurrency for DeFi Innovation

Chainlink is a cryptocurrency built on the Ethereum network. Created in 2017 and launched in 2019, the coin acts as a bridge between a blockchain and an off-chain source. This is quite different to coins such as Bitcoin. 

As Chainlink tokens carry data from off-chain sources to smart contracts they are used extensively in DeFi applications. As the world of decentralized finance grows, Chainlink is set to benefit and has already been in high demand from investors. 

The coin is currently the 20th largest cryptocurrency in the world but is the 5th largest DeFi coin in the world too.  

best crypto to invest in LINK

Chainlink reached a record high of around $53.00 in May 2021. While the price has since retraced its gains, it bottomed out around July and has been steadily pushing higher. It is also priced relatively cheaply compared to some other coins which can attract more investors, making it a coin to watch. Wondering how to invest in Chainlink? We’d recommend eToro as it’s fully regulated, offers tight spreads and supports copy trading. 

68% of retail investor accounts lose money when trading CFDs with this provider.

7. Decentraland (MANA) – Best Cryptocurrency to Invest for NFTs

Decentraland is a decentralised 3D virtual environment that consists of 90,601 parcels of land. Users can create structures and attractions on this digital real estate and buy and trade goods in the digital marketplace. 

In November, a virtual plot of land in Decentraland sold for $2.4 million. These virtual pieces of real estate are non-fungible tokens (NFTs) which have soared in popularity in the last year and helped any price-related NFT to also surge higher.

The cryptocurrency used in the Decentraland virtual environment is MANA coin. From October to November 2021, the coin surged more than 700% higher, highlighting the demand for digital real estate.

Best crypto to invest in MANA

Even though the MANA coin’s price has moved 700% higher in the last few months of the year, analysts are forecasting higher prices. This is due to the increase in demand for NFTs and digital real estate. 

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8. Terra (LUNA) – Best Cryptocurrency for DeFi Smart Contracts

Terra is a public blockchain that underpins the growing ecosystem of DeFi applications. One of their cryptocurrencies includes Terra US Dollar (UST) which is pegged to the US dollar through an algorithm and is considered a stablecoin. 

Stablecoins have much lower volatility than other cryptocurrencies such as Bitcoin.  When minting new UST tokens, Terra’s other cryptocurrency LUNA coin is burned and sent to the community of owners. 

Effectively, the fees that are generated when people use UST are distributed to investors who own Luna tokens. Currently, LUNA coin is the second-largest DeFi cryptocurrency in the world. 

terra luna chart

In 2021, LUNA coin rallied more than 4,800% higher to record an all-time of just under $55.00. It is also now the 14th largest cryptocurrency in the world. The recent dip in price has led to some interesting buying opportunities for some investors. 

68% of retail investor accounts lose money when trading CFDs with this provider.

9. Aave (AAVE) – Best Cryptocurrency for Crypto Loans

Aave is another popular DeFi coin. At one point is the world’s number one DeFi coin. The coin uses what is known as ‘flash loans.’ This allows a borrower to gain access to funds and then pay them back within the same block on the chain. 

Because of the way AAVE coin is constructed, borrowers can receive funds immediately, while lenders can earn attractive rates of interest on their capital. The coin has experienced one of its lowest levels of volatility for months, suggesting a breakout could be around the corner. 

best crypto to invest in AAVE

Since reaching a record high in the middle of 2021 around $667.00, the coin has retraced its steps and is currently trading at a huge discount of around $346.00. 

The team at Aave are currently working to bring DeFi to institutions. If this project can gain traction, AAVE coin could be back trading at its record highs soon.

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10. Uniswap (UNI) – Best Cryptocurrency for Invest in for DeFi

Uniswap is another popular DeFi coin. Its smart contracts use liquidity pools to cut out the middleman in financial transactions when lending and borrowing. Uniswap allows borrowers to gain access to capital instantly and without credit checks and lenders to earn interest on their capital lent out. 

With Uniswap you can exchange different tokens that are built on the Ethereum platform. As more and more institutions adopt DeFi technology and applications, it’s likely the UNI coin could benefit in the long term. 

Best crypto to invest in UNI

After a record run higher from 2020 into mid-2021, the UNI coin has traded sideways for several months. However, the volatility of the crypto market is likely to pick up again, causing a bigger move in UNI. 

If the price can break through $32.50, there could be a quick run higher to the record high around $45.00 – making UNI a coin to watch. 

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Best Penny Cryptocurrency to Invest In

Penny cryptos are cryptocurrencies that are trading under $1. The term penny cryptos were coined from penny stocks which are stocks trading under $5. 

Penny cryptos are becoming increasingly popular as the crypto market surges and prices get too expensive. For example, Bitcoin is currently trading around $55,000 per coin while Shiba Inu is trading around $0.000045!

However, before you start investing in penny cryptos it is worthwhile remembering that these will be extremely volatile. These types of cryptos can lead to huge price swings up and down as they are based on market or social media hype. 

Fortunately, you can invest in penny cryptos with a small amount of capital which helps manage some of the risks of investing in such volatile assets. 

The three best penny cryptos to consider investing in right now include:

  1. Tron (TRX) – Fastest Growing Crypto to Decentralize the Internet
  2. Chiliz (CHZ) – Penny Crypto for Blockchain Fintech Providers
  3. Dogecoin (DGE) – Crypto Coin Popularised by Elon Musk

How to Pick the Best Cryptocurrency to Invest in UK

If you want to start your cryptocurrency investment now and pick the best coins, then take these considerations into mind. 

1. Do Your Research

There are thousands of coins to choose from. The only way to be able to identify the best cryptocurrency to invest in is to do your research. Fortunately, crypto trading platforms like eToro can help you with this. 

Not only can you view the sentiment of a coin by how many people are buying it versus selling it, but you can also interact with other crypto traders. This is because eToro runs the world’s biggest social trading platform. 

By interacting with other crypto traders and by viewing their trades (which you can also do on eToro) you get to learn a lot more about what everyone is buying right now and why they are doing so. 

2. Exercise Good Risk Management

Cryptocurrencies are volatile. This level of volatility is great for investors who exercise good risk management. One of the most important aspects of risk management is diversification. 

You don’t want to put all your eggs in one basket, especially if you are trading penny cryptos or coins no one has heard of. Buying the market leaders such as Bitcoin or Ethereum offers its own exposure to the crypto world as a whole. 

However, with the smaller coins, you want to diversify and consider putting small amounts of capital across a variety of cryptos. This way, if just one coin moves in a big way you have exposure to it. This is better than trying to find the one coin that will move big – almost like finding a needle in a haystack!

3. Focus on Themes – DeFi, NFT, etc

The cryptocurrencies which have moved the most over the last year have all had exposure to one of the general themes that have dominated the market – DeFi and NFTs. If everyone is focused on the future of a certain sector such as DeFi applications or the NFT space, then any coin related to them are likely to benefit. 

Where to Invest in Cryptocurrency

etoro-newIf you’re looking for a fully regulated, commission-free crypto broker then you should consider eToro, as they provide services and products specifically designed for cryptocurrency trading.

The eToro web and mobile trading platform allow you to trade on more than 50+ cryptocurrencies including some of the most popular ones such as Ripple (XRP), Polkadot (DOT), Dogecoin (DOGE) and others. eToro is also a popular platform for traders looking to gain exposure to the best new cryptos. For example, with eToro you could buy ApeCoin with a fixed 1% fee in addition to the tight spreads. 

You can also access the eToro Money Crypto Wallet which allows you to buy, sell, store, receive and transfer hundreds of cryptocurrencies against fiat currencies. The wallet is safe and secure and will give you your own unlosable private key and on-chain address. 

With the eToro Money Crytpo Wallet you can also stake your coins to earn interest on them while you HODL. 

etoro crypto

eToro is heavily regulated by the UK FCA, CySEC, ASIC, FINRA and the GFSC making it one of the best FCA brokers available in 2021. As eToro is used by more than 20 million people around the world you can also access social trading and copy trading services. 

Through the CopyTrader feature, you can view the performance of other crypto traders. If you like what you see, you can have their trades copied onto your own account. It’s a great way to learn more about the best performing crypto traders. 

etoro crypto selection

Opening an account with eToro only takes a few minutes. The minimum deposit is only $200 and you can trade crypto with a minimum stake of just $25. You can also trade on thousands of other instruments covering the stock market companies such as Tesla and Coinbase and commodities like gold and silver.

Pros:

  • Fully regulated by FCA, CySEC, ASIC, FINRA, GFSC
  • Access eToro Crypto Wallet to buy, sell, store and transfer safely
  • 100% commission-free stock and ETF trading and investing
  • Access ready-made crypto and DeFi investment portfolios
  • Enjoy social and copy trading tools
  • Fee-free deposits using bank transfer, card or e-wallets

Cons:

  • Limited technical analysis tools

68% of retail investor accounts lose money when trading CFDs with this provider.

How to Invest in the Best Cryptocurrencies on eToro

If you’re ready to start investing in the best cryptocurrencies then follow this step by step guide below. 

1. Create Your Account

To start investing in cryptocurrency you need to open an account with eToro. Just fill out some personal details on the application form and you’re good to go.

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2. Verify Your ID

To comply with AML and KYC regulations, eToro will need to verify your identity. 

The two verification documents you will need are:

  • A valid passport or driver’s licence
  • A utility bill or bank account statement issued within the last three months

etoro id verification

3. Deposit Funds

In order to buy cryptocurrency, you need some starting capital. The minimum deposit on eToro is $200 but you can buy cryptos in minimums of just $25. 

Deposit methods include:

  • Debit/credit card
  • Bank wire transfer
  • PayPal
  • Neteller
  • Skrill

eToro Deposit

4. Start Investing in Crypto!

From the eToro web platform, you can search for a wide range of cryptocurrencies. Once you’ve found the coin you want to invest in, simply click Trade to open the trading ticket. 

You can also buy your crypto directly from the eToro Money Crypto Wallet as you will see in step 6. 

etoro crypto ticket

Input your stake (minimum is $25 on eToro), enter a stop loss or take profit price if you wish and then click Open Trade. 

5. Download the eToro Crypto Wallet

If you’re planning on holding your crypto for the long term, or you want to store your crypto and receive crypto then download the eToro Crypto Wallet from the relevant app store for iOS or Android devices. 

You can either log in or sign up for an account from the mobile app if you haven’t done so already. 

etoro money open

6. Create a Wallet for Your Coins

Open a wallet to store your coins for the long term, or to send and transfer them, by opening a wallet for the coin. Simply click Add to do so. 

etoro money wallet

7. Top Up Your Crypto Balance

Now you can click on the Receive icon to transfer your crypto from the eToro online trading platform to your secure, regulated crypto wallet. 

etoro money send receive

From here, you can also receive cryptos from other platforms to store them all securely in one place. 

Best Cryptocurrency to Invest in 2021 – Conclusion

eToro is by far the best broker to invest in cryptocurrency. Not only are they fully regulated but they offer a large range of cryptocurrencies to invest 100% commission-free and with low spreads. 

The eToro trading platform is a great way to trade a variety of asset classes and interact with other crypto traders. You can even have the trades of the best performing crypto traders copied onto your own account!

Furthermore, the eToro Crypto Wallet is a great way to keep your crypto safe and secure. Open a free account today and see for yourself!

eToro – Overall Best Broker to Invest in Cryptocurrency

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68% of retail investor accounts lose money when trading CFDs with this provider.

Frequently Asked Questions on the Best Cryptocurrency to Invest In

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