Since many projects revolve around cryptocurrencies out there, focusing on the most relevant ones in such a scenario is imperative. However, choosing the right project that meets our needs can be challenging, especially when trying to find one that will allow us to invest for a long-term return on our investment.
However, in our guide to the best long crypto investments in Australia, we aim to provide you with the most worthwhile investment options to avoid this arduous task and help you make an informed choice.
In This Guide
As the native asset of the Tamaverse, Tamadoge is considered one of the best long-term investment opportunities available to investors today. Players can create, breed, and trade avatars minted as NFT tokens on this exciting new play-to-earn platform (P2E). Additionally, users can purchase Tamadoge Pet NFTs and other unique items from the Tama store within the game.
The Tamadoge Pet is the centerpiece of Tamadoge’s games platform. In this game, players are rewarded for parenting their pets responsibly and attentively. As a result, the best owners of pets will be rewarded following the ranking of their pets on the leaderboard.
The pets will also be able to battle with each other. The NFT-based gameplay mechanics make it very exciting for gamers because it is a play-to-earn game and offers rewards as they play – which makes it exciting and the gameplay more interesting.
The platform’s native cryptocurrency, TAMA, is awarded to users who collect the most points on the monthly charts.
Because TAMA just launched for presale in Q3 2022, it is a potentially good investment opportunity. However, it is also worth noting that TAMA is a deflationary asset with only a supply limit of 2 billion tokens.
Every time a token is spent on the Tama store, 5% of the token supply is burned. The remaining 30% of the tokens will be used to market the P2E prize pools to reward participants for participating, while the remaining 65% will be used for marketing purposes.
It is not just because Tamadoge adheres to a P2E model but also because the game aims to become a part of the metaverse. As a result, it is seeing increased interest.
In 2023, partnerships with metaverse platforms will be sought, and an augmented reality app will be launched. In the metaverse, Tamadoge pets can interact with various virtual worlds via their 3D avatars.
Your money is at risk.
The long-term growth potential of Battle Infinity may be interesting to investors looking to gain exposure to the project in the long run. This groundbreaking gaming platform based in the metaverse offers exciting play-to-earn (P2E) mechanics with NFT integration, allowing players to participate in an exciting metaverse-based gameplay experience.
By playing Battle Infinity, users can earn a living through skilled gameplay while at the same time connecting with others and building relationships in the process. For instance, It features a fantasy sports league (IBAT Premier League) that integrates NFTs to increase transparency and ownership levels.
With NFT integration, users can trade fantasy players and improve their team while taking advantage of increased value increases in popular players and improving their overall team.
Furthermore, Battle Infinity, as one of the best NFT projects, has a dedicated NFT marketplace where users can sell their artwork and mint new artwork, as well as purchase in-game items to configure the appearance of their avatars in the game. In the Battle Arena, each user has a physical avatar that represents their in-world presence, making it possible for them to interact with others and interact with others. Transactions, stakes, and other tasks are completed using $IBAT – a BEP-20 token.
There was a lot of buzz surrounding Battle Infinity when its presale allocation sold out 66 days early, meaning this project is very widespread.
Consequently, IBAT appears to be among the most promising investments of this year. The KYC process for Battle Infinity was verified on CoinSniper and fully audited by SolidProof.io, one of the most reputable security firms. In addition, the official Telegram group is a great place for investors to learn more about the project.
Your money is at risk.
Lucky Block is our next recommendation for the best long-term cryptocurrency investment for 2023. With this initiative, users worldwide can play lottery games with lucrative jackpot prizes using mobile apps and desktop software interfaces.
Using Lucky Block, you would be able to play the lottery with cryptocurrencies through a decentralized application. It means no centralized party is in charge of collecting the proceeds of tickets or determining the outcomes of the number drawing.
The project was built to make it much easier for internet users to play the lottery transparent, fast, and modernly without geographical restrictions, boosted by blockchain and smart contract technology.
No jurisdictional restrictions apply to the lottery game. However, in conventional lotteries, which cater primarily to citizens and residents of the respective countries, the jackpot prizes generally are very small compared to the huge prizes available in lotteries such as Lucky Block.
In addition, many people interested in investing in cryptocurrencies see the high growth potential for the Lucky Block project as another reason they view it as an interesting investment opportunity. Since it is a new cryptocurrency that has just been introduced to the market, there is a high possibility that its price will shoot up violently as it is currently experiencing an expansion phase, which means that its odds of shooting up are extremely high.
Investing in Lucky Block is as simple as buying an allocation of its native crypto token (LBLOCK). After a long correction caused by Bitcoin’s correction in the markets, Lucky Block’s price appears to have stabilized at a base of $0.0009818.
According to Coinmarketcap, the company’s market capitalization has been reduced to $40 million in response to this global crypto market correction. In other words, now is a suitable time to buy LBLOCK.
Your money is at risk.
DeFi Coin is also a good long-term crypto investment option. In the booming sector of decentralized finance (DeFi), DeFi Coin is an exemplary cryptocurrency token.
As a native token of the new DeFi Swap decentralized exchange (DEX), this token offers valuable swapping, staking, and yield farming services to users using its exchange.
As well as being the native token of the exchange, DEFC also has several other exciting features, such as ‘static rewards’ for holders, which are intended as an incentive to keep users on the exchange. DeFi Coin rewards are made possible by a 10% tax levied when people buy or sell the coin. In addition, a regular passive income stream is generated by distributing 50% of the collected amount back to DEFC holders as a reward.
DeFi Swap also automatically boosts liquidity by placing 50% of the remaining funds back into its liquidity pools. Furthermore, depositors receive attractive interest payments for lending their tokens to these pools, enabling DeFi Swap to facilitate token swaps.
Manual burning is also an option available to DeFi Coin holders. Tokens will be permanently removed from the total supply appropriately by the management team and community. In the long run, if demand remains the same or increases, this process will make the remaining coins scarcer, resulting in price increases.
Your money is at risk.
Bitcoin is undoubtedly one of the best long-term crypto investments Australians should consider in 2022. While initially designed to replace fiat currencies at the time of its creation, it has become a widely accepted store of value and an effective hedge against the risk associated with traditional investments. Of course, Bitcoin’s price action is hugely volatile but has not stopped it from attracting investment interest, as seen from the growing dominance of Bitcoin in the market.
With Bitcoin down around a third of its all-time highs around $69,000 in November, the market has been shaken. Despite this, Bitcoin holds much potential in the future, as it has been one of the most successful investments for the last 10 years.
As a result of Bitcoin’s previous performance, some investors may be more confident in its full recovery. For example, a huge drop of 83% in bitcoin prices was recorded in 2018 before the cryptocurrency reached new highs in 2020 and 2021.
In addition, network upgrades to add functionality are expected to make the platform more useful and increase the coin’s value in the future.
You do not need to risk a lot of money when you invest in the world’s most valuable digital asset through popular crypto exchange eToro – just $10 to get started. Hence, investors on a tight budget will be able to buy Bitcoin on eToro by purchasing just a fraction of a token.
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In terms of market capitalization, ETH ranks second behind Bitcoin. Both Ethereum and its native cryptocurrency are blockchain platforms. Although Bitcoin can be used as a store of value, Ethereum has also emerged as one of the best platforms for creating decentralized apps, also known as dApps.
Because the platform supports smart contracts, it has become a favorite for developers. Especially when it comes to non-fungible tokens, altcoin issuance, and games based on the blockchain, Ethereum is one of the go-to chains.
The Ethereum blockchain is also being used by a growing number of high-profile companies worldwide to build their own applications. Because of its flexibility and scalability, Ethereum is rapidly becoming the blockchain that large institutions prefer because of its versatility and scalability.
Additionally, there is an upgrade being carried out on Ethereum currently. It was initially named Eth2 but has now been officially renamed The Merge. Its implementation is expected to help the Ethereum blockchain transition to a proof-of-stake consensus algorithm in the long run as it will enhance the network’s efficiency, security, and sustainability.
ETH is expected to turn into a deflationary asset throughout the Merge, enhancing its appeal as a possible inflationary hedge. However, staking will also result in a growing amount of ETH that can’t be traded because it’s locked up. Due to the principle of supply and demand, this could naturally increase the price of ETH.
It is no surprise that July’s ETH rally has been driven by optimism regarding the expected The Merge in September, with some analysts predicting that the value of Ethereum could more than double this year, despite some analysts doubting the effects of The Merge.
Your money is at risk.
If you want to invest in crypto projects at this very moment, then eToro is by far the best platform to consider when it comes to doing so. Among the 70+ cryptocurrencies supported by this top-rated platform, there are Bitcoin and Ethereum. Furthermore, there are no commissions or hidden fees at eToro, so you don’t have to pay anything when you trade your preferred crypto market – spreads start around 0.75% for Bitcoin and 1% for altcoins, for example.
Consider the eToro Crypto Portfolio if you’re looking for a way to reduce risks by investing in several different cryptocurrencies. eToro’s team regularly rebalances, reweights, and manages the portfolio, which consists of more than a dozen digital assets.
There is also a portfolio of DeFi coins and the best new crypto coins that you can check out. Additionally, for a passive way to gain exposure to the crypto markets, investors can copy another eToro trader to copy them like-for-like. There is just a $200 minimum outlay required per trader, which is a way to trade crypto daily with a low risk involved.
This combination of features has made eToro one of the best bitcoin and cryptocurrency margin trading platforms for both beginners and experts over the past few years, proving it to be both a social trading interface and one of the best platforms for cryptocurrency margin trading.
It is also possible to download a free eToro mobile app from the eToro website. By doing so, investors can trade crypto on the go while they are on the go. You may also want to consider eToro to stake crypto-currencies like Ethereum, as eToro offers 5-6.25% annual returns.
With eToro, the minimum deposit requirement is just $10, and you can start trading immediately. The Australian Securities & Investments Commission (ASIC) regulates the security of eToro so that consumers can rest assured. It should be noted that CySEC, SEC, and the FCA have also licensed the broker.
75.26% of retail investor accounts lose money when trading CFDs with this provider
As a second choice on the list, we have found a promising exchange with low exchange fees that is a good option for Australian cryptocurrency investors: OKX. This is an innovative cryptocurrency exchange with an advanced financial system that includes trading, investment, and learning resources. All are built based on blockchain technology.
OKX offers excellent primers and advanced financial services for those unfamiliar with cryptocurrency. In addition, it boasts an impressive list of services with flexible borrowing options and interest-earning opportunities on staked tokens. Moreover, If you are interested in crypto mining or DeFi liquidity mining, OKX provides simple and complex trading tools.
OKX's interest-bearing staking accounts support 100 different tokens and projects. Whether you choose a fixed or flexible holding period, each token offers its annual percentage yield (APY). As you may be aware, some of the coins have minimum stake requirements that you must adhere to stake them. For example, Ethereum only allows you to stake 0.02 ETH.
Security procedures for hot and cold wallets are in place at OKX. They store their funds offline in a cold environment, thus preventing hackers from accessing them. Using a cold wallet storage system requiring confirmation by two authorized personnel, OKX holds 95% of its funds offline.
There are several advantages that OKX has over its competitors, including an easy registration process, a user-friendly mobile app, and an exchange platform that allows you to trade crypto almost instantly.
There is a lack of liquidity in some currencies
Your money is at risk.
Crypto.com is another great website to consider if you're considering investing in cryptocurrency at an affordable rate. Due to its stellar reputation and nearly 10 million users worldwide, Crypto.com is considered one of the Australian investors' most popular crypto exchanges.
The platform allows users to trade more than 150 cryptocurrencies, which can be exchanged through the mobile app or the web-based platform provided by Crypto.com. In addition, an NFT app is also available for selling and buying NFTs on the exchange.
Users with CRO in their wallets can reduce Crypto.com's maker/taker fees by 10% if they hold the cryptocurrency. For crypto deposits on Crypto.com, there are no fees charged, but for crypto withdrawals, the amount charged is based on the specific coin being withdrawn.
Buying crypto on Crypto.com is very convenient as it allows customers to use their credit or debit cards directly to purchase crypto instantly. However, a 2.99% fee is attached to this transaction, even though the fee is waived for the first 30 days.
The Crypto.com trading app for Android is a user-friendly application designed with beginners in mind. It features real-time price data and trending tickers on its main homepage, making it easy to use by even the most novice traders. Moreover, various timeframes are also available for users to view price charts and certain statistics on each crypto.
Additionally, with the Crypto.com VISA card, users can use their crypto as if it was FIAT currency - there are no annual fees, and you can earn up to 8% cash back from your purchases.
Your money is at risk.
As one of the biggest cryptocurrency exchange platforms on a global scale, Binance is an international platform that operates in over 100 different countries.
Those who require a cryptocurrency exchange service provider with some of the lowest fees in the cryptocurrency industry might be best served by this cryptocurrency exchange service provider. It is worth noting that the platform follows a maker-taker structure concerning fees. Users will pay the biggest fee of just 0.10% when investing in Bitcoin on the platform.
Moreover, there is also a tool to buy the native cryptocurrency token of the exchange, known as BNB cryptocurrency, which can be held in your Binance account to take advantage of an additional fee reduction. It is important to note that Binance accepts credit and debit cards as payment methods when buying Bitcoin and Ethereum in Australia. Nevertheless, on average, the fee associated with this service is 2%.
The platform also offers a peer-to-peer marketplace, where users can purchase Bitcoin (BTC) directly from other sellers. Over 500 tokens are listed on this exchange, making it a highly preferred choice for investors and traders.
Your money is at risk.
Investing in long-term assets means an individual or a company intends to hold the assets for over one year. Investments that can be made for the long term include not only cryptocurrencies but also stocks, real estate, cash, and various other instruments. As long-term investors, you will need to take on a substantial amount of risk to achieve higher returns over the long term.
Regarding long-term investments, their prices do not tend to fluctuate due to temporary market fluctuations. As a result, it might be essential to write down the value of such investments to reflect the declining market value.
In the long term, investing is considered a less time-consuming activity because investors do not have to monitor the markets for minute fluctuations constantly.
Most of the costs associated with investing, excluding the risk factor, can be attributed to brokerage fees and capital gains taxes. There are fewer transaction fees for long-term investors, or at least at a lower rate than for short-term investors. As long as the capital gains taxes are deferred, many investors can benefit from compounding returns in their bank accounts. The tax rate on capital gains is also lower than that on short-term profits.
Despite the risks such as volatility, cryptocurrencies and the blockchain industry are growing stronger. As a result, much-needed financial infrastructure is being built, and investors are increasingly able to access institutional-grade custody services. In addition, professional and individual investors are gradually receiving the tools they need to manage and safeguard their crypto assets.
The increasing adoption rate of cryptocurrency indicates a developing and maturing industry, even though other factors still affect its riskiness. As a consequence, more companies and individuals are estimating it to be a secure investment option that is appropriate for large sums of money to be invested.
If you are looking for an investment that will give you direct exposure to the demand for digital currencies and their ecosystem over the long-run, crypto projects such as the ones mentioned above would be an excellent choice. The simplest and most viable approach is to adopt a long-term buy-and-hold strategy to protect yourself from volatile short-term waves.
Alternatively, a safer but potentially less lucrative alternative is buying the stocks of companies with exposure to cryptocurrency.
In summary, Tamadoge could be a good long-term crypto investment for those looking for a project with big potential. This meme coin aims to become the best meme coin on the market by utilizing the power of the ‘Doge’ aesthetic to create a community that is proactive and involved in its development.
Among the many features of Tamadoge that make it unique is the absence of transaction taxes. This makes it much more engaging for investors to purchase or sell TAMA tokens and allows them to keep a more significant share of their earnings.
Your money is at risk.
Using our recommended broker, eToro, you can invest in more than 70 top cryptocurrencies for long-run investments. Moreover, the most noteworthy feature of eToro is that you can start investing as low as $10.
Since the uptrend of cryptocurrency prices is expected to continue shortly, it is worth investing in cryptocurrencies in the long run. Aside from that, they have also demonstrated a strong track record of consistent performance over the past decade, being one of the best-performing asset classes.
The buy-and-hold strategy is a long-term passive investment strategy that can be used to generate returns throughout a portfolio regardless of short-term fluctuations in the market. As a result, a buy-and-hold investor typically outperforms active management over longer time horizons, and after fees, capital gains taxes can often be deferred.
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