Buy altcoins on Binance
Altcoins are cryptocurrencies other than Bitcoin. Altcoins share characteristics with Bitcoin but use a different consensus mechanism to produce blocks or validate transactions. Or, they distinguish themselves with smart contracts or lower transaction fees.
Sign upHave an account? Log in nowMajor cryptoassets by percentage of total market cap
The above graph shows the individual proportions of the largest ten cryptoassets relative to the total market capitalization of all assets. Since BTC was the first asset, it has remained the largest by market cap, which is why it’s dominance in the market is a number that many people follow. We describe the assets tracked in this chart as cryptoassets because it includes tokens and stablecoins.
Types of altcoins
Different functionalities and consensus mechanisms can make up an altcoin. Depending on these variations, altcoins can fall into more than one category. Here’s a crash course on some of the more important categories:
Mining-based
Mining-based altcoins, as the name suggests, are mined into existence and use a Proof-of-Work (PoW), a method in which systems generate new coins by completing “blocks” of verified transactions added to the blockchain. Examples of mine-based altcoins are Litecoin, Monero and Zcash.
Stable coins
Stablecoins closely track the value of fiat money like the U.S. dollar or euro. They allow users to cheaply and rapidly transfer value around the world while maintaining price stability. BUSD is one example of a USD-backed stablecoin.
Security tokens
Security tokens are digital assets issued on a blockchain with similarities to stock market traded securities. Some offer equity in the form of ownership, dividend payout to holders, or even bonds. Security tokens are generally launched through Security Token Offerings (STOs) or Initial Exchange Offerings (IEOs).
Utility tokens
Utility tokens make up the majority of tokens issued in the scope of ICOs. They are primarily used by companies to raise interest in their products, and for application and value creation in services provided in blockchain ecosystems. Unlike security tokens and shares, they don’t provide the rights of ownership over a part of a company.
Most Traded Cryptocurrencies on Binance Right Now
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Binance: The best place to buy altcoins
How to Buy Altcoins on Binance? Purchase BNB and more altcoins directly within the Binance app.
Buy and sell altcoins with Bank Transfer or P2P
Buy stablecoins listed on Binance via Bank Transfer or P2P. Then, use these stablecoins to trade for any hot & trending coin in the market.
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Keep in mind that we can't protect you from losses as a result of market volatility. Be sure to do your research and buy and sell carefully.
Keep in mind that we can't protect you from losses as a result of market volatility. Be sure to do your research and buy and sell carefully.
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