Buy or Sell Altcoins
Buy and Sell Altcoins
Looking to diversify?
Bitcoin is not the only cryptocurrency we trade. We also offer Ethereum, Litecoin, Ripple, Monero, and any other altcoin you want. The process for buying and selling altcoins at Bitcoin Victoria is identical to that for Bitcoin. Get in touch today to schedule a trade for the digital asset of your choice!
What is an Altcoin?
Bitcoin was the first ever cryptocurrency, coming onto the scene in 2008. In response to its success, new cryptocurrencies were developed and launched, considering themselves alternatives to Bitcoin due to the different features they offered. There are now hundreds of altcoins in existence. Historically, their prices have been more volatile than that of Bitcoin, making them especially exciting - and riskier -investments.
A few of the most popular altcoins:
Ethereum
Offers a decentralized platform to build dApps, run smart contracts and act as a supercomputer.
Ripple
Designed to increase liquidity, lower spreads and drive payment volume, enabling real-time global payments.
Bitcoin Cash
A fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow, scale, and offer cheap transactions.
Litecoin
An early spinoff of Bitcoin that can handle higher transaction volume due to more frequent block generation.
Monero
Monero uses a cryptographically sound system that allows users to send and receive payments across its network with complete privacy.
Chainlink
An off-chain settlement mechanism where traditional institutions such as banks can communicate with blockchains .
So should you invest in altcoins?
Many crypto investors believe that an optimal strategy involves some level of diversification into altcoins. In other words, instead of holding Bitcoin as your only digital asset, they recommend allocating a certain percentage of your crypto portfolio to at least a couple of altcoins as well. One of the reasons for this that altcoins potentially have much higher ceilings than Bitcoin – since they still have so much room to grow.
Bitcoin Maximalists, on the other hand, believe that Bitcoin is the one and only true cryptocurrency and will be the only one left with any real value at the end of the day. They don’t believe that other digital assets offer useful features. They feel that Bitcoin is all we need. Interested in learning more about different altcoins and discussing potential investment strategies? We’re happy to help!
Get in Touch
Contact us today with any questions you have or to set up a trade. We look forward to hearing from you!
- 250-686-5873
- hello@bitcoinvictoria.ca
-
931a Fort Street
Victoria BC V8V 3K3