10 Cryptocurrencies To Buy On Coinbase

Coinbase Global Inc (NASDAQ:COIN) is one of the largest cryptocurrency exchanges in the world. With government scrutiny increasing on crypto worldwide, legislation is sure to increase against crypto. But this SEC-approved crypto exchange has a regulatory leg up, making it a safer place than most to buy crypto assets.

But what cryptocurrencies can you buy on Coinbase?

Here are 10 cryptocurrencies to consider when diversifying your money into crypto assets on Coinbase or any crypto exchange.

Bitcoin ($BTC)

Bitcoin is the apex cryptocurrency – it’s the most popular, visible, and traded. It influences the price of altcoins, or alternatives to bitcoin. Typically, altcoins follow bitcoin’s price, and few outpace it in gains.

This makes bitcoin the most obvious choice for investing in crypto. It’s the most widely accepted, and accepted for payment from a variety of companies. Bitcoin is accepted as payment by Microsoft (MSFT), AT&T (T), Starbucks (SBUX), Twitch, Burger King, and more.

For a brief moment, you could even buy a Tesla with bitcoin. Mainstream acceptance of crypto is most likely to occur in bitcoin, and that makes it the most popular investment choice, with about 46 million Americans owning BTC.

Ethereum ($ETH)

While bitcoin dominates the news as a currency, Ethereum’s blockchain technology was developed as a platform. Tokenized transactions trigger through smart contracts based on a blockchain-based development platform using Solidity, the platform’s proprietary programming language.

Ethereum is the most prominent altcoin and is considered much more scalable than bitcoin by many crypto analysts. Use cases include replacing traditional digital contracts and minting non-fungible tokens (NFTs), which became a major investment theme in the 2020s.

However, adoption of the actual blockchain remains low, and many projects like EOS migrated off Ethereum to their own blockchains. 

Band Protocol ($BAND)

Band Protocol is one the latest and buzziest decentralized application (dapp) platforms. It incentivizes users to provide real-world data to execute it smart contracts. It’s regarded as a decentralized oracle system that could be used for investments, gambling, and more.

Although it runs on the Cosmos blockchain, it’s a cross-chain solution that can bridge between other chains, filling a need in a world of independent blockchains.

Cardano ($ADA)

Cardano was created by Ethereum co-founder, Charles Hoskinson, along with the team at Input Output Hong Kong. It is the first cryptocurrency based on Haskell code, which features two independent blockchain layers.

This helps it streamline processes and relieves the bottlenecks that occur on Ethereum. The price of the coin peaked in May 2021, so the recent selloff could provide a great discounted buying opportunity for those who believe in Hoskinson’s vision of blockchain’s future.

Dash ($DASH)

Dash is an open-sourced cryptocurrency based on the Bitcoin protocol. It developed a suite of tools using C++, a much more popular programming language than Ethereum’s Solidity. And it forged partnerships with projects like Alt Thirty Six, which provides a payment solution for the cannabis industry.

This crypto cannabis connection may just be a niche, but the underlying coin is still one of the most valuable cryptocurrencies in the world. Like Dogecoin, it’s a vanilla currency play, but there’s a lot more development behind it than $Doge.

Plus, it’s regarded as one of the most secure cryptocurrencies; its public ledger is harder to trace back to individuals.

Uniswap ($UNI)

The Uniswap protocol is a truly democratized crypto platform where dapp developers, crypto traders, and liquidity providers team up to create an open financial marketplace. It uses the Ethereum blockchain to facilitate trades and operates as a decentralized exchange (DEX).

Most exchanges like Coinbase require fees, custody, and more. They’re not really the best ways to exchange tokens, and most crypto power users prefer to use decentralized exchanges for maximum security and privacy.

Bitcoin Cash ($BCH)

The Bitcoin project spawned a lot of forks, and Bitcoin Cash is among the most popular. Because it’s a public digital ledger that involves voting, there have been some controversial moments in Bitcoin’s development that led to community splits, just like in politics.

Bitcoin Cash is a Bitcoin fork with faster processing and lower transaction fees. This makes it easier to use than Bitcoin and the preferred way to pay for many crypto users.

Tether ($USDT)

Tether has a storied history due to a Bitcoin price manipulation scandal in 2017. But this stablecoin is still backed by many in the industry due to the ability to hedge against a crypto crash. The crypto industry doesn’t always outperform the traditional market, and that volatility requires a hedge.

Stablecoins are pegged to the value of whatever currency (USD, Euro, etc.) and are always roughly valued around that value. This makes their value seem more stable, even though the forex market also has its changes.

0x ($ZRX)

0x is a traditional crypto company that supports the community’s need for peer-to-peer crypto exchange. This decentralized platform is revered for privacy, much like Dash, and users prefer it for removing the middleman of exchanges like Coinbase.

The altcoin hasn’t performed as well as others for its investors in the 2020s so far, but the exchange should still be considered for seamless crypto transactions.

Basic Attention Token ($BAT)

Basic Attention Token is a cryptocurrency designed for the advertising industry. The company’s Brave browser is working to replace traditional options like Microsoft’s Edge browser or Google Chrome with a blockchain-based solution.

This would put more power in the hands of advertisers looking to track and affect user behavior. It also incentivizes users to interact with ads to earn crypto. This two-sided marketplace could very well be the future of our social-based, decentralized internet.

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The author has no position in any of the stocks mentioned. Financhill has a disclosure policy. This post may contain affiliate links or links from our sponsors.