Cryptocurrency has been called the money of the future. Based on cryptography, this digital currency has shaken up the financial world. This is mostly because cryptocurrency has not been considered as a legal tender or currency by nearly all governments in the world and hence, has not come under the ambit of any centralized financial regulatory body or banking system. Transactions in cryptocurrency occur through blockchains, which are public distributed ledger systems or public transaction databases.

Cryptocurrency first made its appearance in January 2009, when Satoshi Nakamoto announced the release of Bitcoins. Nakamoto, whose identity is unknown, also invented blockchain technology which has been the backbone of cryptocurrency. Since 2009, the cryptocurrency domain has seen the creation and development of a number of cryptocurrencies apart from Bitcoin. It is estimated that there are nearly 3500 cryptocurrencies right now, and this number may be exponentially growing.

For a long time now, cryptocurrency has been limited to tech experts. However, in the past few years, investors have started investing in cryptocurrency. This digital currency is quickly becoming a favorite among millennials as a profitable investment option. Read on to know more about the top cryptocurrencies to buy now, the best ways to invest in cryptocurrency, and when to invest in cryptocurrency.

When to invest in cryptocurrency
With the popularity of cryptocurrency steadily rising, it seems that this is the best time to invest in cryptocurrency. Since 2017, cryptocurrency has become a hot topic in the investment sector. The initial investments in cryptocurrency began in 2010. These early investments were mostly on Bitcoins since this was the only available cryptocurrency then. People who invested in Bitcoins, in the beginning, have turned into millionaires with the high returns that cryptocurrency has yielded over time. By buying, mining, and trading in cryptocurrency, these people have taken a huge risk.

Despite potential risks and high losses due to hacking, investments in cryptocurrency are already on the rise. The best time to invest in cryptocurrency has been from 2017 onwards. As of January 2018, cryptocurrencies such as Aeternity, Bytom, and EOS have been giving a profit margin between $2500 and $1000.

Best ways to invest in cryptocurrency
Before knowing about the top cryptocurrencies to buy now, you need to understand the blockchain technology. The second important step is to understand that the cryptocurrency market is very volatile, and you should not expect to become a millionaire overnight. A fair bit of losses might fall your way. The third important step is to start small. Once this prep work is done, create an account in one of the popular digital exchanges. Or you can also install their apps on your phone.

Some exchanges might require the submission of government-issued photo identity proof. Connect your credit or debit card or you can add a direct transaction line to your bank account. There will be Buy/Sell options that will let you trade in cryptocurrencies. You can also transfer funds directly into the exchange account to buy cryptocurrency. Profits, if any, will be transferred to this account.

Top cryptocurrency to buy now
Although there has been a surge in the number of cryptocurrencies in the market, there is just a handful that has been observed to yield higher returns. The following is the list of profit-yielding top 5 cryptocurrencies right now:

• Aeternity: This is the #1 cryptocurrency to invest in right now. The price of 1 Aeternity as on 1 January 2018 was $1.30. On an investment of $1,000, the potential earnings would be around $3,496.
• Bytom: The starting price of 1 Bytom was $0.37 as on 1 January 2018. On a purchase of $1,000 worth of Bytom, the profits would be around $1,849.
• EOS: As on 1 January 2018, the price of 1 EOS was $8.84. With an investment of $1,000, the earnings would be around $2,081.
• TRON: This cryptocurrency is one of the cheapest ones. At a starting price of around $0.052 (as on Janauary 2018), this is one of the top cryptocurrency to buy now. On an investment of $1,000, expect a profit of $917.
• VeChain: The start price was $2.43, and the profit yielded is around $908 with an investment of $1000.

Apart from the above five top cryptocurrencies to buy now, Binance Coin and NEO are other two cryptocurrencies that are often featured in most top 10 cryptocurrency lists that give higher returns to investors.

New cryptocurrency list
The pace at which the field of cryptocurrency is expanding can be described as “frenetic” at best. Despite a huge number of cryptocurrencies in existence, newer projects are constantly in development. Here are some of the new cryptocurrencies to watch out for right now:

• Callisto: Holders of Ethereum Classic, one of the biggest blockchains, have now access to Callisto, one of the new cryptocurrencies to invest in right now. The concept behind Callisto is called cold staking. This involves users to hold the coins and earn interest on them.
• Giracoin: This Swiss cryptocurrency has been developed by the Gira Financial Group AG, which was founded in 2016. According to their website, Giracoin is independent of the Swiss banking system.
• Royal Coin: This cryptocurrency has been sponsored by the British Monarchist Society and Foundation to commemorate Prince Harry and Meghan Markle’s wedding. Underwritten by ICO Rocket, the proceeds from the sale of this cryptocurrency will be directed to a group of charities.