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Finding Reliable Cryptocurrency as a Consumer

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@esmeesmith
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Most of us choose the blockchain or the cryptocurrency based on the charts, ranking or even based on the hype that we see from the social media and internet in general.

I think a lot of times we have to dig deeper and find out the right blockchain or cryptocurrency for our use case.

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Below are some of the ways through which you can check out before investing.

1. KYC-less Exchanges

If you want to invest into the coin that requires the KYC, you would be getting tracked on every part of the world. Your crypto is as good as the FIAT. You need KYC less exchange in order to exchange your coin.

2. Swap Ability

You may have to learn about the swap option that the crypto offers in some swap sites. So that you can convert your coin to some other coin like BTC or BCH etc. This ability is ignored often like exchanges but this is important.

3. Potential Use Case

DOGE is just another meme coin and people invest into it just because elon musk says so. Meanwhile Polkadot, ETH and few other smart contract platforms offer use case in finance world. That's very important role of the blockchain. No use case no growth for the coin.

4. Community

You need cheerleaders in your community. Without them you would not be staying up to date with what is happening with your coin. You don't need elon musk like manipualtor as community person though.

Conclusion

Finding the right set of the coins for your portfolio is not an easy thing. You have to find a lot of variables in order to find the right coin for yourself. Some just follow others or copy others strategy when it comes to finding new coin.

How do you find the genuine and reliable cryptocurrency as a consumer? What are your ways to find out the right currency for your portfolio?

Posted Using LeoFinance Beta