What Are Coinbase Index Fund Restrictions?

what are coinbase index fund restrictions

Coinbase announced today that it will launch its own cryptocurrency index fund. The signup link for the Coinbase Index Fund is here. The Coinbase Index Fund is similar to the Bitwise Hold 10 Fund in that it will allow passive investment in the cryptocurrencies that trade on the Coinbase platform. The asset allocation for the fund will be: Bitcoin: 62% Ethereum: 27% Bitcoin Cash: 7% Litecoin: 4% Coinbase is the clear leader in the online cryptocurrency investment world. At least in the U.S. Recently, Circle’s acquisition of Poloniex put it on…

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How to Trade on Coinbase (Almost) for Free

How to use GDAX to save on Bitcoin fees

When I first decided to buy some Bitcoin, I decided two things: I would only wager money I was willing to lose. I would use the simplest method possible to get started. Coinbase was the best approach because of its simplicity. Why did I choose Coinbase? With over a thousand digital assets and cryptos out there, deciding which one(s) to buy can be exhausting. I wasn’t sure what a cryptocurrency was, or even the difference between a coin and a token. Obfuscating matters further, some cryptocurrencies are not traded in…

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Offline Storage vs. Cold Storage… What Does Coinbase Use?

cold storage and offline storage on coinbase

Cold storage, also known as offline storage, is the best way to protect your cryptocurrency assets. Cold storage means storing your cryptocurrency keys offline. Bitcoin purists insist on cold storage. This is because storing keys online increases the attack surface of an investment. An attack surface is increased when a third party is used (such as an Internet service provider, computer or an online exchange), because it introduces vulnerabilities to the security of cryptocurrency holdings. As such, as a form of risk management and security, cryptocurrency exchanges (online businesses that…

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Crepuscular Coin

Crepuscular coin

Croesus, the King of Lydia from 560-547 BC, is widely credited with being the first to create coins as money. The first coins, made of an alloy of gold and silver called Electrum, made things much easier in terms of measurement, trade and transport. But the value of the coins was not due to the convenience problems they solved, nor in their value as precious metals. The value was held in the trusted authority that guaranteed the value behind them. Coins were stamped with simulacra of heads of rulers or…

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What is Litecoin and Should I Buy It?

What is Litecoin?

Litecoin (ticker: LTC) is a decentralized peer-to-peer cryptocurrency that was founded by Charles “Charlie” Lee (aka “@satoshilite” on Twitter). Mr. Lee is a former employee of both Google and Coinbase. What is the History of Litecoin? Litecoin was released on 10/7/2011 on Github as an open source software project released under the MIT/X11 license. The name “Litecoin” is a trademarked term in the U.S. and Singapore. Litecoin was an early “fork” of the original Bitcoin core. However, Litecoin is technically different than Bitcoin in a few ways. Specifically, Litecoin was created to…

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Coinbase Should Be Worth More Than Bitcoin

Coinbase worth

It occurred to me this morning that I trust Coinbase more than I trust Bitcoin itself. As THE broker, for all intents and purposes, of any of my cryptocurrency transactions, and the keeper of my wallet, Coinbase is the gatekeeper to anything crypto for me… (at least in terms of Bitcoin, Ethereum and Litecoin). If you want to trade Cardano, you’ll need to look elsewhere. How Valuable Is Coinbase? It was recently revealed that Coinbase earned over $1 billion in 2017. This is amazing for a company that is only…

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