I want exposure to crypto
If that is you, here is what this situation usually involves, in the order it usually comes up: the things worth checking, what each one is, and where the arithmetic for it lives. None of it says what to do.
- A network, a token, and a bet on other people's enthusiasm are different things with different risks, and most coins are more than one of them.
- Custody: an exchange balance is a claim on a company, and self custody means nobody can help when the keys are lost. Which one a holding is sits on the statement.
- Supply and issuance: an asset that prints more of itself dilutes every holder, and the schedule is usually public.
- A total loss is on the table for this asset class, which is the fact that sets the position size in the diversification guide.
- Every transaction is a taxable event in the United States, so records from day one are what a CPA needs at tax time.
Read these
Spreading it out and betting big: what each one protects you from
Ask about this situation
A model reads this page and answers from it. It will say when the answer is not on the page. Education, not personalized advice.