11 Best Cryptos For Beginners in 2024

For beginners, the ideal cryptocurrencies are characterized by low volatility, substantial market caps, and, where relevant, a high total value locked. A few of these coins include: bitcoin (BTC), ethereum (ETH) and litecoin (LTC).

Written by: Anatol Antonovici   |  Updated June 10, 2024

Reviewed by: Mike Martin

Fact checked by: Ryan Grace

many different cryptos

Table of Contents

🍒 tasty takeaways

  • For beginners, the best cryptocurrency investments are those with substantial market capitalizations, high trading volumes, and robust liquidity.

  • Bitcoin accounts for about 50% of the entire crypto space, while Ethereum accounts for 50% of decentralized finance (DeFi) – making these two the most popular cryptocurrencies for a beginner’s portfolio.

  • Highly volatile and less utility-driven memecoins, such as Dogecoin, are excluded due to their unpredictability and lack of real-world applications.

  • Great cryptos for beginners include: BTC, ETH, LTC, LINK, ADA, BNB, MATIC, AVAX, SOL

🍒  To invest in some of the coins on our list, you’ll need a self-custody crypto wallet. tastycrypto offers self-custody wallets in the form of mobile apps and a browser extension 

Summary

Name (Symbol) Market Cap TVL Staking
Bitcoin (BTC) $1.4 trillion $1.2 billion No
Ethereum (ETH) $443.3 billion $64.5 billion Yes
Solana (SOL) $74.6 billion $4.6 billion Yes
Litecoin (LTC) $6 billion $4.9 million No
Chainlink (LINK) $9.4 billion $25.6 billion No
Cardano (ADA) $15.8 billion $248 million Yes
BNB Coin (BNB) $95.6 billion $6 billion Yes
Polygon (MATIC) $6.5 billion $934.7 million Yes
Avalanche (AVAX) $12.9 billion $835.2 billion Yes
XRP (XRP) $27.8 billion - No
Uniswap (UNI) $6.2 billion $6.1 billion Yes

What Are Cryptocurrencies?

Cryptocurrencies, which are digital assets, use blockchain technology as their foundational structure. This technology is characterized by a decentralized network that is maintained through a peer-to-peer consensus algorithm. This allows network participants to independently validate and record transactions without the need for a central authority. 

The absence of a centralized governing body and the lack of intermediaries in the operation of cryptocurrencies differentiates them from traditional financial assets (TradFi) like fiat currencies, stocks, or commodities. 

Some blockchain networks, such as Ethereum (ETH), are equipped with the smart contract feature. This enables developers to create applications that are entirely governed by code. These are referred to as decentralized applications or dapps. These applications operate independently of a central control.

Crypto Coins for Beginners

Cryptocurrencies can be complex and volatile, making them challenging for crypto beginners in investing or trading. However, this shouldn’t discourage you from exploring the crypto world. Blockchain technology is becoming increasingly important, and starting early can give you an edge. 

For those new to this space, it’s best to begin with more stable and well-established digital assets, characterized by large market capitalizations, high trading volumes, and, when applicable, high total value locked. These criteria generally indicate a safer entry point into cryptocurrencies. 

The cryptocurrency market now offers user-friendly applications and services, with platforms like tastytrade and tastycrypto being ideal for beginners to purchase and store crypto. These tools provide an accessible way to start your journey into crypto assets.

Let’s now look at a chart comparing our 9 cryptos for beginners and then dive into the individual coins. Remember, crypto is very volatile, so start small. 

Crypto Coins Performance: 6-Months