If you look around online, though, you will find plenty of people looking to advise people to invest in “sure things.” It might be something as niche as Dentacoin, or a new initial coin offering looking for funding. This official guidance means that any profits you accrue will face a 15% tax rate - individuals making over $425,800 per year and couples making over $479,000 per year pay a 20% tax rate cryptocurrency earnings. To clarify, just like if you buy stocks and have them for over a year before selling them, cryptocurrency investors must pay long-term capital gains taxes. Prices can be extremely volatile, and though we don’t think regulation will cause any real problems for the scene, it’s still possible, and nobody knows for sure.ĭespite cryptocurrency holdings not having the relative reliability of traditional investments, the IRS taxes them in the same way. Investing in any cryptocurrencies, be they new or established, is more akin to gambling than the traditional stock market. There’s no sure thing - let the buyer bewareīefore we get into actually recommending alternative cryptocurrencies to Bitcoin, we have to make something abundantly clear.

Note: Digital Trends’ information and opinion should in no way be considered investment advice, and we cannot be held liable for personal or business losses based on market changes or other outside factors. Whether you’re looking to use your cryptocurrency to pay for items online or want to put some aside to create a crypto-nest egg, these are the best Bitcoin alternatives. Fitbit Versa 3ĭo you opt for one with a low price so you can buy a lot of them in the hopes of making a fortune? Do you buy the ones with low transaction fees or confirmation times to speed up transfers? We’ll give you the best Bitcoin alternatives based on features and current values.

Coin tick alternatives