How to Buy Alternative Currencies and Other Cryptocurrencies in 2025 - A Beginner's Guide

1. What are Alternative Currencies?

Alternative currencies are all cryptocurrencies other than Bitcoin. Common examples include Ethereum (ETH), Solana (SOL), Chainlink (LINK), and Binance Coin (BNB). Each offers unique uses, ranging from supporting smart contracts and decentralized finance (DeFi) platforms to enabling fast and low-cost payments.

Why invest in alternative currencies?

Alternative currencies often offer higher growth potential than Bitcoin, but with greater risks. By 2025, many projects will be more mature, with actual adoption in decentralized finance (DeFi), non-fungible tokens (NFTs), and tokenized assets, making them promising opportunities for new investors.

2. The best alternative currencies to watch in 2025
Ethereum (ETH)

The second largest digital currency, it is the foundation of thousands of decentralized finance (DeFi) applications and non-fungible tokens (NFTs). Ethereum is trading at around $4200 in 2025, aiming to scale to 100,000 transactions per second, making it faster and cheaper.

Solana (SOL)

Known as a "high-speed blockchain" with extremely low fees. It is favored by game developers and decentralized finance (DeFi) platforms. Current technical indicators suggest strong growth potential.

(LINK)

The leading oracle network that connects smart contracts with real-world data. The value of LINK rose approximately 36% after its adoption by the U.S. government for GDP reporting on-chain, and the partnership of the Japanese SBI Group with Chainlink for asset tokenization.

Binance Coin (BNB):

The native token of the Binance platform. It trades at around $650, and BNB benefits from Binance's large user base, offering advantages like reduced trading fees, staking opportunities, and participation in decentralized finance (DeFi).

3. A step-by-step guide to buying alternative currencies on Binance

Step 1: Create an account.
Sign up on the Binance platform and complete the identity verification (KYC) process to unlock higher trading limits.

Register here to get a 40% discount on trading fees and bonuses up to $600

https://www.binance.com/join?ref=53021750

Step 2: Deposit funds

Choose your preferred method:
Bank transfer – secure and low cost
Credit/Debit card - fast fees but higher
Cryptocurrency deposit - if you already own cryptocurrencies

Step 3: Choose the currency
Select the trading pair:
ETH/USDT → Buy Ethereum
SOL/USDT → Buy Solana
LINK/USDT → Buy Chainlink

Step 4:
Place your order
Market order: buys immediately at the current price (best for beginners)
Limit order: allows you to choose the price you want to buy at

Step 5: Secure your assets

Transfer large amounts to a personal wallet (preferably a hardware wallet) for better security.

4. Professional tips for beginners

Do your research: check the team, technology, roadmap, and transparency.
Risk management: only invest money you can afford to lose.
Diversification: spread investments across multiple coins to reduce risks.
Use DCA: apply dollar-cost averaging (buying small regular amounts) to mitigate volatility.

5. Common mistakes to avoid

1- Trading based on fear or fear of missing out

2- Ignoring stop-loss orders (leads to larger losses)

3- Neglecting security (always enable 2FA, use strong passwords, and consider using hardware wallets)

6. When to buy in 2025

Market signals: the fear and greed index at 57 (neutral), Bitcoin dominance at 63.6% - indicating a potential "altcoin season."

Macroeconomic factors: expected interest rate cuts and increased liquidity will make riskier assets like cryptocurrencies more attractive.

7. Suggested strategy

Start with well-known cryptocurrencies like ETH and SOL, then move to smaller, riskier altcoins as you gain experience. Be patient, keep learning, and don’t invest more than you are willing to lose.

Would you also like me to create a side-by-side comparison chart (pros and cons and growth potential) for ETH, SOL, LINK, and BNB to facilitate decision-making?