Bitcoin, Ethereum, and other cryptocurrencies have taken the world by storm over the past several years. However, these markets are volatile and highly speculative, which has led many to believe that they are too risky for most investors.
Cryptocurrencies can be purchased at cryptocurrency exchanges or over-the-counter from dealers or brokers. With a small amount of money and some technical know-how, you can purchase cryptocurrency directly from another investor.
While cryptocurrencies are still hot, many early-stage companies are also working on building infrastructure for the blockchain economy. Some of these technologies and apps may be risky investments, but their growth potential is huge.
Here are five startups that could do big things in 2022:
Zerion is a blockchain startup that provides services like investing, storing, and exchanging cryptocurrencies. The service also helps manage your portfolio, and it provides financial education through its blog. It has some interesting products in its pipeline, such as ZerionSwap and ZerionPay, that are expected to be released in 2022. These products provide users with a convenient way to buy, sell, and convert cryptocurrencies. The platform is completely free to use, and it gives you an easy way to keep track of your assets and perform trades from a single interface. It also allows you to set up automatic trading strategies to set rules for when you want to buy or sell assets automatically.
BitPanda is a small crypto exchange that offers the trading of Bitcoin and several other altcoins through bank wire transfer, credit card, and Sofort online banking. It is a European broker for buying and selling cryptocurrencies. It was founded in 2014 and is based in Vienna, Austria. According to BitPanda’s team, their main goal is to provide users with the most user-friendly experience possible when dealing with crypto trading. This can be one of the reasons why they have more than 1 million users on their platform (as of March 2021).BitPanda offers a variety of payment options, including credit cards, eWallets, and SOFORT transfers.
Rocket Dollar is a cryptocurrency investing platform that allows users to invest via self-directed IRA accounts (SDIRA). Users can choose from traditional or Roth IRA types and start investing in various asset classes, including cryptocurrencies. The company issues LLCs to users who want to use their 401k or IRA accounts to invest in cryptocurrencies or other alternative assets. Users can then set up a bank account for their LLCs to transfer funds into them without having to go through normal banking channels. Rocket Dollar also allows users to invest in precious metals like gold or silver.
Ledger has quickly become one of the most popular hardware wallets for cryptocurrencies. The company’s products have been well-received by retail investors who want to store their cryptocurrencies offline securely.
Ledger’s Nano S hardware wallet was the first hardware wallet to support Bitcoin Cash (BCH) and Ethereum (ETH). The company also recently filed for an initial public offering (IPO) with the Paris stock exchange under a new entity called Ledger Technologies S.A.
Anchorage is a digital asset custody platform that offers institutional investors a way to store crypto securely. It has already raised more money than most crypto startups can expect in their lifetime. Several former execs founded it at Andreessen Horowitz, including Diogo Monica, who previously worked as the lead security engineer at Docker.