What Can You Buy for 60 USD Worth of Cryptocurrency?
Table of Contents
- How Much Crypto Can You Buy with 60 USD?
- Best Cryptocurrencies to Buy with 60 USD
- NFTs You Can Purchase for 60 USD
- DeFi: Earning Yield with 60 USD
- Where to Start: Best Platforms for 60 USD Investments
- Conclusion: Is 60 USD Enough to Make a Crypto Impact?
How Much Crypto Can You Buy with 60 USD?
One of the most common investor questions is, “What can I purchase with 60 USD worth of cryptocurrency?” While your purchasing power will depend on current market prices, you can still afford to make big purchases even on a tight budget.
Bitcoin (BTC): Because it one of the most expensive cryptocurrencies, you will not be able to spend 60 USD to purchase a whole Bitcoin, but you can spend it to purchase a fraction of it. For instance, if the price of Bitcoin is $30,000, your 60 USD will purchase approximately 0.002 BTC.
Ethereum (ETH): Ethereum is also very popular. If you can acquire 60 USD for the standard price of between $1,500 and $2,000, it will earn you around 0.03 ETH. It’s not a lot, but it still grants you access to one of the most utilized blockchain networks.
Litecoin (LTC): It’s widely referred to as a “lite” version of Bitcoin, but it costs less. If Litecoin costs $100, then you can purchase approximately 0.6 LTC for 60 USD, which provides you with access to a well-established and faster transactions network.
Other Altcoins: Less expensive cryptocurrencies like Polkadot (DOT), Cardano (ADA), or Solana (SOL) are a good bet. For example, if the value of Polkadot is $5, you can buy around 12 DOT tokens for your 60 USD.
If you are new to cryptocurrency, itisadvisable to focus on established projects, though there are also promisingup-and-comingoptionsthat could payoffwith high returns from a smaller investment like 60 USD.
Best Cryptocurrencies to Buy with 60 USD
- Bitcoin (BTC): Even at the premium price, Bitcoin remains a mainstay of cryptocurrency and universally recognized as a good bet for new buyers. While 60 USD does not go far, it still provides an entry into the world of virtual currency.
Ethereum (ETH): Being the leading dApp, NFT, and DeFi platform, Ethereum is a good choice. For 60 USD, you can treat yourself a good share of ETH and be part of an increasingly growing ecosystem.
Cardano (ADA): With its scalable blockchain and environmentally-friendly way of being, Cardano is highlylikely candidate as a smart contract platform. Your 60 USD will purchase for you aconsiderableamount of ADA tokens.
Polkadot (DOT): Because the emphasis is on enabling cross-chain interaction, Polkadot is a very interesting project in the crypto world. For a relatively modest amount of 60 USD, you can buy a substantial quantity of DOT relative to BTC or ETH holdings.
Chainlink (LINK): Providing decentralized oracle services connecting off-chain data to smart contracts, Chainlink is another to consider. For an investment of 60 USD, you can begin with your portfolio in the blockchain infrastructure sector.
NFTs You Can Purchase for 60 USD
- NFT popularity has reached new heights and 60 USD is a benchmark in the NFT space, though one might be restricted to options vs. a larger budget.
- Cheap Art: Many artists offer limited-edition NFTs between or less than 60 USD. Jumping onto sites such as OpenSea, Rarible, or Mintable can get you some very cheap pieces by new artists even if they are not the top-tier NFTs
- Collectibles: Some NFT platforms selling collectibles that are priced below 60 USD. You may find digital cards or 3D virtual property that adds to the growing world of NFTs.
NFT Gaming: Engage in NFT gaming by using blockchain games like Axie Infinity or Decentraland, with low-cost in-game NFTs like avatars and virtual property priced at 60 USD.
DeFi: Earning Yield with 60 USD
Decentralized Finance (DeFi) offers a platform to earn interest on your cryptocurrencies. With 60 USD, you may still be able to earn passive income through other DeFi protocols.
- Staking: Some networks like Cardano, Polkadot, and Ethereum 2.0 support staking. You can start staking and earn rewards in the future with 60 USD worth of tokens.
- Yield Farming: Use resources like Uniswap, Aave, and Compound to lend your cryptocurrency to pools so that they earn interest from them. Investing in yield farming using your 60 USD can get you to earn some portion of fees earned by the pools.
- Lending Platforms: Celsius and BlockFi are platforms where you can lend your cryptocurrencies and earn interest. For example, lending USDC on your 60 USD can give compound returns.
Where to Start: Best Platforms for 60 USD Investments
For newcomers to crypto, choosing the right platform to buy, trade, and store your assets is crucial. Below are some popular platforms that allow you to get started with as little as 60 USD.
- Coinbase: Known for its user-friendly interface, Coinbase is an excellent choice for beginners. It allows you to buy crypto with as little as $5, making it a good fit for someone starting with 60 USD.
- Binance: Binance offers a wide range of cryptocurrencies and has lower fees than many other exchanges. You can start with 60 USD and purchase a variety of tokens at competitive rates.
- Kraken: Kraken is another popular exchange that offers a variety of cryptocurrencies and has a reputation for strong security measures. You can start with 60 USD and gradually diversify your portfolio.
- MetaMask: For DeFi and NFTs, MetaMask is one of the most popular wallets. It allows you to interact with decentralized applications (dApps) and buy tokens directly on platforms like Uniswap.
Conclusion: Is 60 USD Enough to Make a Crypto Impact?
Either way, the 60 USD is not a significant amount, but it may be door opener to the vast universe of cryptocurrency, NFTs, and decentralized finance so that you can begin building your portfolio or experimenting with new digital ventures.
FAQ: What are the best cryptocurrencies to invest with 60 USD?
Strong recommendations would be Bitcoin, Ethereum, Cardano, Polkadot, and Chainlink, which have each of theirownstrengths as well as some exposure to each of the manysectors of the crypto market.
FAQ: Can I makemoneywith 60 USD of crypto?
Yes, butinitial profitsaregoing to be small, especially when investing in fractions of a costly crypto, you can acumulate your stake over time by earning passive returns by staking or yield farming.
