5 Best Cryptocurrencies To Invest In In 2022

January 29, 2022
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Cryptocurrencies have captivated millions of people, and both investors and traders alike are on the lookout for the next big cryptocurrency to invest in in 2022, as 2021 comes to a close. Bitcoin is still the most successful cryptocurrency around, but there are thousands of different alternatives available to you today.

There are no easier ways to acquire digital assets than through a crypto exchange or cryptocurrency broker. With that in mind, I recommend using CoinSmart: it has the lowest trading fees of any crypto exchange in Canada, so if you’re looking for an effective crypto exchange to help you in your crypto investing journey, I can’t recommend it enough.

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Cryptocurrency has been all the craze in the past few years, and it only looks like this trend is going to continue. The rise in popularity for DeFi (decentralized finance) products has been astounding, with the number of users of these products tripling since the start of 2021.

Cryptocurrencies have enthralled millions of people, and investors and traders are seeking for the next big cryptocurrency to invest in in 2022 as we approach the year’s end. Bitcoin has been the most successful cryptocurrency so far, but there are thousands of options out there.

In this article, I will go through the top 5 cryptocurrencies that I believe will be the best to invest in for the year 2022.

Top 5 Cryptocurrencies To Invest In In 2022

1. Bitcoin (BTC)

Bitcoin was the first cryptocurrency, created by the anonymous Satoshi Nakamoto in 2009. Its transactions are relatively inexpensive and reasonably quick, with a seven-transaction-per-second (TPS) throughput.

BTC has retained its status as the most well-known and the second-fastest-growing cryptocurrency in the world. It has a market capitalization of $856 billion, with a price of more than $45,000. Bitcoin’s all-time high was reached on April 14th, 2021, when a single Bitcoin cost $64,863.10 USD.

Why We Like Bitcoin

Bitcoin is by far the most popular cryptocurrency today, with its market capitalization frequently reaching half of the market cap of all cryptocurrencies. The broader crypto market tends to follow Bitcoin’s price movements, making it a leading indicator of where crypto prices are headed.

Bitcoin has strong fundamentals and will certainly be around for years to come. If you want some exposure to the crypto markets without getting too lost in the weeds, Bitcoin is the asset for you.

2. Ethereum (ETH)

Ethereum is another decentralized cryptocurrency that was created in 2013 by Vitalik Buterin. By utilizing blockchain technology, middlemen may be removed from the financial transactions process, resulting in enhanced privacy and reduced transaction costs. This is one of the reasons why Ethereum has become so popular.

The Ethereum network also supports numerous offerings such as security tokens, Decentralized Exchanges (DEXs), Non-Fungible Tokens (NFTs), and creating new cryptos with the ERC-20 token standard (like Dai and USDC).

3. Cardano (ADA)

Cardano (ADA) is a cryptocurrency that’s 4th in terms of popularity worldwide, just after Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Charles Hoskinson and Jeremy Wood conceived the project back in 2017, but its development is continuing — the Cardano Foundation is now responsible for its advancement.

It’s a cryptocurrency that is based on Bitcoin and Ethereum but has been designed to be more scalable, sustainable, and secure than these two coins. And even though it doesn’t have the same popularity as the two coins its design was inspired on, it’s still considered to be the next major cryptocurrency.

4. Polkadot (DOT)

Polkadot (DOT) is a cryptocurrency that belongs to the Polkadot blockchain, which aims to establish a worldwide network of computers to run its own blockchain (with user-generated blockchains on top of it).

This puts Polkadot in the company of many other current blockchains striving to build a cryptocurrency ecosystem. There are numerous other blockchains, ranging from Ethereum (ETH) to Cosmos (ATOM) and EOSIO (EOS), that are trying to do the same.

This feature may have a significant impact on how cryptocurrencies are handled, and it has helped the industry grow since DOT’s inception in 2020.

5. Aave

Aave (AAVE) is a decentralized lending platform based on Ethereum. You may buy Aave and keep it as an investment, or use the platform to lend, produce money through lending, and borrow.

You can choose from around 30 different cryptocurrencies if you borrow or lend. According to today’s rates, you could earn more than 3% APR on your Aave blockchain investments, making it a fantastic location for users to generate passive income.

Borrowers, on the other hand, can benefit from the wide range of interest rates and various borrowing choices available on the Aave blockchain. Aave provides flash loans where a loan is taken out and paid back in one transaction. These loans are sometimes utilized by individuals to transfer between cryptocurrencies and create trading profits.

Top 3 Crypto Exchanges In Canada

When it comes to getting your hands on these digital assets, there is no easier way to do so than using a crypto exchange and/or cryptocurrency broker. Here are our top 3 crypto exchange picks in Canada:

1. CoinSmart

CoinSmart: best crypto exchange Canada

CoinSmart is a great option for Canadians seeking a reliable, trustworthy crypto exchange. CoinSmart’s trading fees are just 0.2%, they offer excellent customer support available 24/7 via phone, live chat and email, and user accounts are verified instantly.

CoinSmart has been designated a Registered Marketplace by the Ontario Securities Commission (OSC), which means they’re a highly secure exchange. They also maintain a 95% cold storage policy, which keeps your crypto extra safe across all circumstances.

As a new CoinSmart user, you’ll receive a $50 bonus upon funding your account, which you can use to buy Bitcoin, Ethereum, or any of the 16 assets CoinSmart supports. If you’re looking for a highly secure, reputable exchange, CoinSmart is an excellent choice.

Features

  • Extremely low trading fees (0.20%)
  • 24/7 customer support available via phone, live chat or email
  • Instant account verification
  • Supports 16 cryptocurrencies
  • Registered Marketplace by the OSC
  • Trade all altcoins directly
  • Immediate deposits and withdrawals
  • User-friendly for both beginners and advanced traders
  • 95% cold storage policy keeps your crypto extra secure

Cost

  • Account Opening: Free
  • Trading Fees: 0.20%
  • INTERAC Deposit: 0%
  • Bank Wire Deposit: 0%
  • Bank Wire Withdrawal: 1.00%
  • EFT Withdrawal: 1.00%

Signup Bonus

$50 bonus when you sign up using this link

Best For

Investors looking for top-level security and instant account verification.

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2. Bitbuy

Bitbuy’s trading fees are an impressive 0.20%, and just 0.1% for Pro users. It supports 17 cryptocurrencies, verifies accounts instantly, prides itself on its helpful customer service reps, and has a beautiful, well-rated app.

For a limited time, Bitbuy is offering a $50 bonus to new users who fund their account with $250 or more.

You can fund your Bitbuy account directly from your bank account via INTERAC e-transfer or bank wire, with all account deposits and withdrawals executed quickly. It’s processed more than $4 billion in trades across its 350,000+ Canadian users.

Bitbuy is a Registered Marketplace and Investment Dealer, as recognized by the Ontario Securities Commission (OSC). This means that the OSC has recognized Bitbuy as a highly safe and secure exchange, and that it offers deep liquidity for all order sizes.

If you’re looking for a highly-respected exchange that offers altcoin trading, excellent customer service, and a slick mobile app, Bitbuy is for you.

Features

  • Extremely low trading fees (0.10% – 0.20%)
  • Easy to use for both beginners and advanced traders
  • Supports 17 cryptocurrencies
  • Excellent customer support
  • Powerful mobile app (rated 4.6/5 on the App Store)
  • 99% cold storage policy keeps your crypto extra secure

Cost

  • Account Opening: Free
  • Express Trading Fees: 0.20%
  • Pro Trading Fees: 0.10% to 0.20%
  • INTERAC Deposits/Withdrawals: 1.50%
  • Bank Wire Deposit: 0.50%
  • Bank Wire Withdrawal: 1.00%

Signup Bonus

$50 when you deposit $250 using this link.

Best For

Investors looking to trade with extremely low trading fees.

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Free account, instant verification

3. Crypto.com

Crypto.com: best crypto exchange Canada

Crypto.com is a major global player that brings a mature, proven exchange to Canadian crypto investors. It supports 100+ cryptocurrencies, making it an ideal fit for anyone looking to invest in undiscovered altcoins before the masses.

Crypto.com offers some unique features that no other Canadian cryptocurrency exchanges can match. Users can trade options and futures contracts, earn interest by staking their coins, and make trades with up to 10x leverage when they feel particularly confident in a coin.

Crypto.com also has invested an enormous amount of money into its platform security, which makes trading with them extremely safe. The exchange is lightning quick (prices update dozens of times per second), which gives day traders an upper hand over the rest of the market.

Overall, Crypto.com is a solid exchange for investors looking to cash in on brand new altcoins. If you’re just looking to buy more mainstream coins like Bitcoin and Ethereum, though, I suggest either Bitbuy or CoinSmart instead.

Features

  • Average trading fees (0.4%)
  • Supports 100+ cryptocurrencies
  • Allows up to 10x leverage
  • Trade crypto derivatives (futures and options contracts)
  • Earn daily interest by staking your coins
  • Purchase newly-listed coins at up to 50% off
  • Free deposits from all cryptocurrencies

Cost

  • Account Opening: Free
  • Trading Fees: 0.4%

Best For

Investors looking to buy altcoins and other new crypto assets before they go mainstream.

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Extremely secure, 10x leverage

In Summary

Cryptocurrencies have captivated the attention of millions of people, and investors and traders are searching for the next big cryptocurrency to invest in by the end of 2022. So far, Bitcoin has been the most successful cryptocurrency, but there are thousands of alternatives available. Clearly, there hasn’t been a better time to invest in cryptocurrencies than now.

There are no easier ways to obtain digital assets than through a crypto exchange and/or a cryptocurrency broker. Out of all crypto exchange options in Canada, I suggest using CoinSmart, mainly for its security and simplicity of use. Given that it also has the lowest trading fees across all crypto exchanges in Canada, I can’t recommend CoinSmart highly enough.

CLAIM MY $50 BONUS
Offer ends May 19.

The Best Crypto Exchanges In Canada

Best Overall

Supports: 16 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.2%

$50 bonus ends May 19.

★★★★★

Rated 4.9/5

Lowest Fees

Supports: 17 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.1% - 0.2%

Free account, instant verification

★★★★★

Rated 4.8/5

Best For Altcoins

Trading fees: 0.4%
Security: 95% cold storage
Signup bonus: $10

Trade with 10x leverage.

★★★★

Rated 4.2/5