Best Altcoins to Invest in Philippines – Top 4 Altcoins 2021
Cryptocurrency has become huge in recent years, many investors are making life-changing profits from minimal investments. Although some of this success can be attributed to Bitcoin, the majority of people earning large sums are investing in altcoins. I hear you asking “what is an altcoin?” Well, an altcoin can be defined, in simple terms, as any cryptocurrency other than Bitcoin. The largest altcoin in the world is Ethereum, however, there are thousands more with a much smaller market cap. Typically, these small-cap coins are what enable investors to see such high returns, therefore it makes sense that so many investors are scrambling to get their hands on altcoins before prices begin surging even further.
To ensure you have all the knowledge required to make your first investment into an altcoin, we’ll be discussing the best altcoin brokers, some of the best altcoins to invest in right now, and exactly how you can make your first investment.
#1 Altcoin Broker Philippines – eToro
How to Invest With eToro – Step by Step Guide 2021
Not everyone has the time to read an entire article, so for anyone wanting a brief rundown on how to invest in altcoins, we’ve got you! If you’d prefer a more detailed guide, you can find that toward the bottom of the page.
- Step 1: Open an eToro account: The first thing you’ll need to do is register with a broker. To do this just type “eToro.com” into your browser, press “Join Now”, and fill in the required fields.
- Step 2: Verify your Identity: Now that your account has been created, you’ll need to verify it. The documents you’ll need to complete this process are a photo ID (passport, driving license) and proof of address (utility bill, bank statement).
- Step 3: Fund your account: Once your account has been verified, it’s time to fund it. To do this click on the “Deposit Funds” button, enter the amount you’d like to invest, and press “Deposit”. eToro supports deposits using either a credit/debit card, bank transfer, or e-wallet (PayPal, Skrill, etc).
- Step 4: Purchase an altcoin: After you’ve funded your account, it’s time to invest! Simply, type the name of the altcoin you want to invest in into eToro’s search bar, press “Trade”, enter the amount you want to invest, and press “Open Trade”.
Where to Make Your First Investment – Top 3 Altcoin Brokers
Before you take the plunge and invest in Altcoins, you need to make sure you’re equipped with a solid brokerage. To help our readers make a better-informed decision on which platform is the best altcoin broker, we’ve included full-length reviews on each of the top 3 altcoin brokers.
1. eToro – All Round Best Altcoin Broker Philippines
Launched in 2007, eToro has grown to become one of the largest altcoin brokers in the world, currently serving over 20 million users. They provide investors with an excellent trading experience and tonnes of features to make the lives of their users that much easier. Overall, eToro has certainly earned its place as the best altcoin broker.
Security & Privacy
Do you want a secure platform to invest in altcoins with? Well, eToro might be perfect for you. They’ve made sure to include plenty of high-tech security features designed to keep investors safe. Firstly, they’re regulated by the FCA, ASIC, and CySEC, meaning investors can rest easy knowing their funds are in good hands. In order to protect client data while it makes its way to the eToro central server, SSL encryption is used to obscure the data, rendering it useless to attackers. Additionally, eToro utilizes cold storage to keep client funds safely locked away and offline.
eToro has taken the time to ensure that none of its customers are left missing features they might need. eToro has gone the extra mile and provided a number of features designed specifically to make the lives of investors easier. One way eToro has achieved this is by implementing CopyPortfolios, a feature that allows users to invest in a variety of assets at once, greatly reducing risk while saving time. CopyTrading is another feature designed to make the lives of investors easier, it’s an automated trading system that allows users to mirror the trades of more experienced users. This means that beginners can create a passive income stream with little to no effort. On top of all this, eToro provides users with comprehensive charting tools, enabling them to plot even the most complex trading strategies.
|Fee Type||Fee Amount|
|Inactivity Fee||$10 (Monthly)|
- SSL Encryption
- Cold Storage
- Advanced Charting Tools
- Missing MetaTrader Support
67% of retail investor accounts lose money when trading CFDs with this provider.
2. Capital.com – Best Alternative Altcoin Broker Philippines
Capital.com takes a slightly different approach than other platforms on our list, by dedicating a fair amount of its resources to education. This results in better-informed investors, which earn more money, and therefore stay loyal to Captial.com. Clearly, this strategy is working because since its launch in 2016 Capital.com has managed to accumulate over 1 million active users.
Security & Privacy
Security is especially important for a growing platform missing a long track record. If Capital.com were to get compromised it would likely shake the confidence of its users a great deal, resulting in many customers migrating to other platforms. So it’s no surprise that Capital.com takes security so seriously. As with any reputable brokerage in 2021, Capital.com is regulated by several top-tier authoritative bodies including the FCA. Understandably many investors are apprehensive about providing a platform with their personal details, however, Capital.com uses Transport Layer Security to protect your data, meaning you needn’t worry. Additionally, Capital.com is PCI Data Security Standards compliant meaning that users can rest assured knowing their data is being handled properly.
As we mentioned, Capital.com focuses on ensuring its users have all the information they might need at their fingertips. This is achieved 3 fold, firstly by creating a plethora of guides available to everyone which you can find on the Captial.com website. Secondly, Capital.com has created an app called Investmate that teaches people how to trade, all from the comfort of a mobile device; perfect for on-the-go investors. And lastly, Capital.com TV is a platform filled to the brim with market research, price analysis, and explanations of current events all in the form of easy-to-digest videos. These videos can be an excellent tool for finding the best altcoins to invest in.
- Transport Layer Security
- PCI Data Standard Compliant
- Capital.com TV
- Not available in certain countries
- Limited to CFD trading
76.72% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
3. Coinbase – Best Altcoin Broker for Beginners Philippines
Coinbase is the largest altcoin broker in the US by a wide margin. They currently serve over 56 million users, also making it one of the largest exchanges on a global scale. Despite its huge user base, Coinbase is primarily aimed toward beginners without much trading experience, although they do also offer Coinbase Pro, a platform for investors with previous trading experience.
Security & Privacy
With over 56 million users, it’s safe to say that Coinbase is in charge of a large amount of client funds. Therefore it makes sense their security systems are top of the line. Coinbase keeps the majority (98%) of client funds kept away from networks in cold storage, with the wallets themselves and the keys associated with wallets secured with AES-256 encryption. On top of this, Coinbase has a bug bounty program that incentivizes white-hat hackers to find flaws in Coinbase’s security and report them rather than exploit them. Seemingly, all these security measures are working because Coinbase has survived its lifetime without getting hacked.
Coinbase is packed full of features designed to appeal specifically to beginners. Its interface is incredibly easy to navigate, with menu items clear and concise. One of the biggest draws to Coinbase is its rewards system, which enables beginners to earn money for learning about various cryptocurrencies. To earn a reward you’ll typically have to watch a short video (2-5 minutes) and then complete a short set of questions to confirm you’ve learned the topic. Although the rewards aren’t huge (around $3-$4) because there are multiple topics to cover, it can end up being a reasonable addition to your investments. If you have some previous trading experience, you might be better off using Coinbase Pro as it provides access to more indicators, more crypto pairs, and better analysis tools. On top of this Coinbase Pro has a much more competitive fee structure, meaning you’ll get more from your money when using the Pro platform.
|Conversion||0.5% to 2%||0.5% to 2%|
|Trades||$0.50||$0 to $0.50|
|Coinbase fee||$0.99 to $2.99 Based on size of transaction||0.04% to 0.50% taker fee and a 0% to 0.50% maker fee|
- Easy to Use
- Simple Interface
- Rewards System
- AES-256 Encryption
- Confusing Fee Strucutre
- Too Basic for Some
67% of retail investor accounts lose money when trading CFDs with this provider.
Invest in Altcoins – Broker Price Comparison
Figuring out which broker is right for you can be a much more difficult task than you’d initially expect, you’ve got to navigate all the fluff and think about the facts. To make this process a bit easier on our readers, we’ve included this handy table comparing the prices of the top 3 altcoin brokers.
|Broker||Commission||Deposit Fee||Withdrawal Fee||Inactivity Fee|
|eToro||0%||$0||$0||$10 monthly (after 12 months inactivity)|
|Coinbase||$0.99 to $2.99 Based on size of transaction||Card 3.99%, Bank Transfer 1.49%||$0||$0|
Top 4 Best Altcoins to Invest in 2021
There are thousands of altcoins currently available to invest in, covering pretty much every crypto subdivision (smart contracts, utility, transactional, etc). The massive variety of coins results in a somewhat foggy landscape, without doing some lengthy research it’s not particularly easy to differentiate coins with tonnes of potential from false promises and rug pulls. Because we understand that not everyone has the time to dedicate hours to crypto research, we’ve broken down the pros and cons to four of the best altcoins in 2021.
XRP is a transactional cryptocurrency designed to facilitate extremely cheap cross-border transactions. Typically, a transaction settles in a matter of seconds and costs around $0.0001, making it one of the fastest & cheapest tokens you can use to transfer funds. Recently, Ripple has created the XRP ledger (XRPL) that has enabled smart contract functionality on the network, making XRP one of the best altcoins to invest in right now. This could be huge for XRP as it allows developers to create NFT projects and build apps (dAPPs) without the issue of expensive gas fees. Ripple is the name of both the company and network, XRP is the name of the cryptocurrency.
Considering the speed and cost at which XRP could settle transactions, there was already a huge amount of potential, but with the recent release of the XRPL, this potential has gone through the roof, making it easily one of the best altcoins to invest in. Therefore, it’s no wonder that so many investors are scrambling to take advantage of XRP while the price is still so low. Some of the primary advantages to XRP include:
High-Profile Partnerships: It’s no secret that institutional money can drastically drive the price of an asset, after all, they usually have far more unused capital than your average retail investor. So, when you consider the fact that few altcoins can rival Ripple in terms of partnerships, the potential of XRP becomes much clearer.
Untapped Potential: “It’s like a ball being forced underwater” is a fitting analogy for XRP. Institutions seem ready to adopt XRP, the XRPL has widened its use case, and it’s still far from all-time highs. Unfortunately, Ripple and XRP are currently tied up in a lawsuit from the Securities and Exchange Commission (SEC), however, once this suit has been settled institutions will likely adopt XRP at blinding speed, resulting in a large price surge.
Low Transaction Cost: Lastly, XRP can settle a transaction in seconds for a fraction of a cent. Making it far more efficient for everyday transactions than Bitcoin or Ethereum. In the NFT and Blockchain game space, gas fees are a big issue, often they can be more expensive than the asset you’re trying to buy, making the purchase pointless. This is where XRP comes in, once the XRPL ecosystem is more padded out, why wouldn’t developers look toward less costly alternatives?
Although the world would be a nicer place if it weren’t true, every investment has its own set of risks and disadvantages. Because there are a few large factors affecting XRP, it could be considered a fairly risky investment.
SEC Lawsuit: The most glaring issue with XRP currently, is the ongoing SEC lawsuit. Essentially, the SEC is accusing Ripple of selling securities without the correct licensing, however, the point Ripple is making is that it’s simply not a security and is intended for utility. The point being the SEC cleared Ethereum, another utility token, so it seems to be unfairly targeting XRP. Although many consider the lawsuit to be frivolous, negative attention from one the largest authoritative bodies in the world is never a good thing.
Listings: As a result of the SEC lawsuit, many regulated exchanges operating in the US have been forced to remove XRP from their platforms. The best-known example of this is Coinbase. Because XRP has been removed from some exchanges there is less demand for it and therefore less money flowing in, resulting in a lower price.
If you’ve spent any amount of time looking into the best altcoins then you’ll have almost certainly heard of Ethereum. It’s the second-largest cryptocurrency, with only Bitcoin having a larger market cap. If you’re looking for a lower-risk altcoin to invest in, then Ethereum may be perfect for you. The main use case for Ethereum is its smart contract capabilities, which allow the creation of dApps, NFTs, and even other altcoins. Overall, Ethereum is an extremely powerful tool that is only limited by its relatively low TPS (transactions per second) and high transaction fees, although both of these factors should be resolved by the release of Ethereum 2.0.
I’m sure it’s no surprise that the second-largest cryptocurrency in the world has quite a few advantages, after all, it’s unlikely it would’ve grown to this degree if the underlying technology wasn’t useful.
Smart Contracts: One of the most revolutionary features of Ethereum is its smart contract capabilities. It allows decentralized apps (dApps) to be created on the Ethereum network, something that is only growing in popularity. The majority of the highest value NFTs (crypto punks, etc) were created on the Ethereum blockchain.
Ethereum 2.0: One of the main arguments against Ethereum is high gas fees. Currently, gas fees on Ethereum are ridiculous, however, with the rumored release of ETH 2.0 edging closer, this is set to change. ETH 2.0 is poised to increase the amount of TPS Ethereum can handle to around 100, which should result in far lower fees and quicker transactions. If successful, this will make the ETH network a far more attractive option for development than it is in its current state.
Even the second-largest crypto in the world has its issues. Although its concept is revolutionary, Ethereum is fairly slow when it comes to settling transactions. Although on the surface this doesn’t seem like the biggest deal, it results in several issues.
Gas Fees: Because Ethereum can’t handle too many transactions per second (around 20), transactions are forced to compete with one another in order to be settled in a reasonable timeframe. This results in high transaction fees, and extremely long wait times, rendering the Ethereum blockchain pretty much unusable for small transactions.
Alternatives: Although the focus has moved more toward DeFi and NFTs the Ethereum killer narrative is still very much in play. Competitors like Solana which can settle a far greater number of transactions per second have experienced parabolic growth in the past year. Considering the cost of using Ethereum for a project is no surprise. Although the release of ETH 2.0 may quell the growth of alternatives, until that happens, Ethereum has several competitors right on its tail.
Enjin is an Ethereum based token designed to integrate blockchain technology with the multi-billion dollar gaming industry. Its primary focus is allowing in-game items to be easily redeemable for cash, something that until now would’ve meant involving third-party platforms. The recent release of Facebook’s “Metaverse” has pumped the price of Enjin as its use case became clearer for the masses.
With Facebook’s recent rebranding to Meta, cryptocurrencies like Enjin and Sandbox that facilitate actions in the Metaverse have seen themselves exploding. And now that leading game houses are increasingly using blockchain technology, it seems like this is only the beginning for Enjin.
In-Game Items: Tradable, in-game items are big business in the gaming industry, a planet in the game Entropia sold for over 6 million dollars in 2011. With the resell market of in-game items being so high, it’s not surprising that developers want to ensure they continue getting a piece of the pie, and Enjin facilitates exactly that.
Although Enjin has recently been enjoying consistent, strong, growth, things won’t necessarily continue going that way. There are countless factors that can affect the value of a cryptocurrency and due to Enjin not having the longest track record, many of these factors are exasperated
Volatility: Cryptocurrency is an extremely volatile market, it’s not uncommon to see a coin increase in value by 50% one day, and decrease by the same the next. While this can be beneficial for traders, it can be rather scary for long-term investors. Because Enjin is fairly young and is trying to break into a new industry, it’s especially volatile. So if you think Enjin is the best altcoin to invest in right now, be prepared for a bit of volatility.
Solana is an alternative to Ethereum that has only been released for around a year. Since its release, it has grown in value by well over 10,000%, safe to say any early Solana investors are quite chuffed right now. As an increasing amount of dApps and NFTs are built on Solana, more and more people are migrating their Ethereum-based projects over to the Solana ecosystem. Therefore in terms of the Ethereum killer narrative, Solana is definitely one the best altcoins to invest in.
Solana is one of the best performing Ethereum alternatives out there, it can settle far more transactions and is much cheaper to create projects on. Therefore, it’s not surprising that so many people are pouring money into Solana and Solana-based projects.
Transactions Per Second: Solana was created to be the fastest blockchain in the world, currently it can handle over 50,000 TPS. Compare that to Ethereum’s 20 TPS, and the reason many developers are picking Solana over Ethereum becomes clear.
Scalable: One of the most important aspects of a cryptocurrency is scalability. As a cryptocurrency grows, more people will be using it and if the network can’t keep up, the chances are fees will go up and speed will decrease, take Ethereum for an example. However, in theory, Solana shouldn’t have these issues as it was designed with scalability in mind, as the number of validators on the network increases, the number of transactions it can handle should follow.
Before Solana can become the new default smart contract platform, it needs to overcome a few hurdles. These issues can be primarily attributed to the age of Solana, as once it grows further these issues should be alleviated.
Centralization: Much of the draw to cryptocurrency was its decentralized nature, removing the need for third parties to confirm transactions. However, due to Solana’s age (around a year old), there aren’t many validators operating on the network. This means that a small community is in charge of validating transactions, meaning it’s somewhat centralized.
Age: Because Solana is so young, we simply don’t know how it will perform under unfavorable market conditions. On top of this, there are several age-related issues like centralization and some disputing its TPS claims. However, once Solana has been around for a bit longer we’ll hopefully see these issues get resolved.
How to Invest with eToro
If you’re looking for a top-rated broker to invest in altcoins with, then look no further! eToro is an excellent option for everyone, thanks to its blend of convenience, features, and security. Therefore, it made sense to use them for the purposes of this guide.
Step 1: Open an account with eToro
Before you can purchase any altcoins, you’ll first have to register with eToro. Doing so couldn’t be easier, simply type “eToro.com” into your browser’s search bar, press “Join Now”, and fill in the required information.
67% of retail investor accounts lose money when trading CFDs with this provider.
Step 2: Verify your account
After you’ve completed your title registration, you’ll have to verify your account. This is because eToro is a regulated brokerage. Luckily, this process is easy and only takes a couple of minutes. All you need to provide is a photo ID (passport, driving license) and proof of address (utility bill, bank statement).
Step 3: Fund your account
Now that your eToro account has been verified, you’re only one step away from investing in altcoins. All that’s left to do is fund your account. Just click on the button marked “Deposit Funds”, type in the amount you plan on investing, and press “Deposit”. eToro supports deposits using either a credit/debit card, bank transfer, or e-wallet (PayPal, Skrill).
Step 4: Invest in Altcoins!
Once your account has been funded, you’re ready to invest! Just type the name of the altcoin you want to invest in, into the eToro search bar, press “Trade”, enter the amount you want to purchase, and press “Open Trade”. Once the transaction has been completed you’ll be able to manage your investment from the “Portfolio” section of your account.
To conclude, with the prominence of cryptocurrency and blockchain technology rapidly increasing you couldn’t have picked a better time to start investing in altcoins. Although Bitcoin remains the largest cryptocurrency in the world, small-cap altcoins tend to have much higher upside potential, after all, it’s far easier for an altcoin to go from $1 to $2 than for Bitcoin to go from $60,000 to $120,000 yet both yield the same results for investors. We’ve brought you our picks for the best altcoins to invest in with huge upside potential, now all that’s left is to decide which one you want to purchase! To get the most out of your money, we recommend investing with eToro, they offer commission-free investing and excellent trading features, meaning any investments you place with them are in good hands.
Best Altcoin Broker – eToro