If you're thinking about getting into crypto investing, Bitcoin is probably the first name you ever heard.
Bitcoin holds a sizable 40% market share amongst all cryptocurrencies. While this coin is the standard bearer and measuring stick for all cryptocurrencies, Stellar Lumens is a noteworthy blockchain protocol that is worth every bit of your attention.
These tips will teach you all about the details and differences when comparing Stellar Lumens and Bitcoin.
What Is Stellar Lumens?
Stellar Lumens is (XLM) a decentralized ledger that helps connect payers with banks, credit unions, and other institutions. It's a blockchain-based network that facilitates payments across political borders all over the world.
This protocol went live in 2014 and is still in the infancy of its growth potential. Its current value is about 8 cents, and it has an all-time high value of 94 cents. Since the digital asset is so young, you have an opportunity to invest early. This may be particularly enticing if Bitcoin is currently out of your price range.
Here are some attributes that you might appreciate about Stellar Lumens:
Transactions Are Fast and Inexpensive
When considering this blockchain protocol, start with an understanding of the function it serves. Stellar Lumens benefits the market because the financial transactions are lightning fast, with fees that are less expensive than wire transfers and other methods.
It's a flexible protocol that lets you seamlessly exchange different types of crypto tokens. Make sure to research Stellar Lumens tips so that you can invest wisely. Understanding the usefulness of Stellar Lumens gives you a glimpse into why it's a good long-term investment that will only become more valuable.
The Fees Are Reasonable
You'll really save some money when you consider the Stellar Lumens transaction fees. They charge fees as low as 0.00001 XML. Meanwhile, other forms of cryptocurrency charge fees as high as $10 or more. You'll get more out of your investment when you don't have to worry about your profits being eaten up by fees.
Make sure to get your hands on a Stellar Lumens guide so that you understand the fees that your exchange is charging for this coin.
Stellar Is Highly Scalable
You have to consider the scalability of XLM when you look at its investment potential. Stellar allows you to conduct thousands of different transactions in a single second.
This scalability makes it a flexible investment that you'll be glad to take advantage of. Explore the Stellar Lumens CAD value so that you make the most informed transactions.
What Is Bitcoin?
Now that you understand Stellar Lumens, make sure that you also get up to speed on Bitcoin. This was the first blockchain coin released in 2009. It remains the most popular and valuable option for investors.
Bitcoin was introduced as a decentralized payment alternative to traditional currency. It is exchanged on a vast peer-to-peer (P2P) network. Today, Bitcoin has a value of approximately $23,000 CAD.
Here are some key points you should know about Bitcoin:
Bitcoin Is Highly Secure
People often use Bitcoin for transactions that require privacy and security. Bitcoin is the most secure form of cryptocurrency and gives you peace of mind with every transaction that you use it for.
You'll have ample security when you invest in a hardware crypto wallet. Someone will need your code and access to your wallet to be able to access your Bitcoin. This protects you from hacks and breaches and lets you protect your assets.
Pay careful attention to Bitcoin tips related to security so that you never have to worry about your funds being compromised.
It Has the Name Recognition
Investors appreciate Bitcoin because it is the most widely recognized form of cryptocurrency in the world. You can use Bitcoin all over the world when shopping in mainstream outlets and in person in coffee shops restaurants, electronics retailers, and so many other businesses.
When you invest in Bitcoin, you're investing in the coin that will serve as the standard bearer and measuring stick likely for as long as cryptocurrency exists. It's easy to find a Bitcoin guide that can steer you in the right direction of the most lucrative investments for your portfolio.
You Can Get a Lot of Bang for Your Buck
Investing in Bitcoin is a safe choice for people looking for longevity and major returns long-term. Bitcoin is not subject to swings as tumultuous as those found with XLM or other smaller tokens.
It's a solid investment that you can make whether you want to purchase a full Bitcoin or a fraction of a coin. Having these tokens in your portfolio gives you lots of financial security and is an excellent way to diversify.
A Guide to Stellar Lumens vs. Bitcoin
These tips will keep you in the loop when you're exploring the differences between Stellar Lumens and Bitcoin. We live in the midst of a digital revolution and there are plenty of excellent investments to be made as long as you're savvy and informed. Whether you're a new investor or you've been around since the first shares of Bitcoin were sold, make sure that you remain in the loop.
Stellar Lumens and Bitcoin are names that you're going to be hearing for a long time, so use this guide as a launching pad to round out your understanding. In the meantime, we're happy to serve as your one-stop shop for information.
Check out our other articles to get up to speed on all things crypto and investing.