There is only one Bitcoin, which is the original and most valuable cryptocurrency. However, there are many other cryptocurrencies that are derived from Bitcoin or inspired by it, such as Bitcoin Cash, Bitcoin SV, Bitcoin Gold, Litecoin, and others. These are sometimes called Bitcoin forks or altcoins, and they may have different features, advantages, and disadvantages compared to Bitcoin.
If you are a beginner who wants to invest in Bitcoin or other cryptocurrencies, you will need to consider several factors, such as:
- Your risk appetite and investment goals. Cryptocurrencies are volatile and risky assets, and you should only invest what you can afford to lose. You should also have a clear idea of why you are investing and what you expect to gain from it.
- Your level of knowledge and experience. Cryptocurrencies are complex and technical, and you will need to learn how they work, how to buy and sell them, how to store and secure them, and how to deal with the tax and legal implications. You should also do your own research and avoid scams and hype.
- Your preferred platform and wallet. You will need to choose a reputable and reliable cryptocurrency exchange or broker, where you can buy and sell cryptocurrencies using your local currency or another cryptocurrency. You will also need to choose a suitable cryptocurrency wallet, where you can store and access your cryptocurrencies. There are different types of platforms and wallets, such as web, mobile, desktop, and hardware, and they may have different fees, features, and security levels.
To help you choose the best Bitcoin or cryptocurrency for beginners, you can use some of the resources I found for you:
- Best Bitcoin Wallets of 2024 by Investopedia
- Best Crypto Exchanges for Beginners by BeInCrypto
- Best Beginner Crypto Coins to Buy in 2024 by CryptoNews
- Bitcoin for Beginners: What You Need to Know about BTC by NerdWallet
- Bitcoin for Beginners: Simple Tips to Get Started With Crypto by PCMag