Which cryptocurrency accounts are recommended for investors looking for a hands-off approach?

3 answers

• Dec 26, 2021 · 3 years ago
  If you're looking for a hands-off approach to cryptocurrency investment, one option you might consider is using a robo-advisor. These automated platforms use algorithms to manage your investments based on your risk tolerance and investment goals. They can help you create a diversified portfolio and rebalance it as needed, without requiring much active involvement from you. Some popular robo-advisors in the cryptocurrency space include Betterment, Wealthfront, and Coinbase. These platforms typically charge a management fee, so be sure to consider that when making your decision.
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• Dec 26, 2021 · 3 years ago
  For investors who prefer a more passive approach, cryptocurrency index funds can be a good option. These funds track the performance of a specific cryptocurrency index, such as the top 10 or top 20 cryptocurrencies by market capitalization. By investing in an index fund, you can gain exposure to a diversified portfolio of cryptocurrencies without having to actively manage individual coins. Some well-known cryptocurrency index funds include Bitwise 10 Crypto Index Fund and Grayscale Digital Large Cap Fund.
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• Dec 26, 2021 · 3 years ago
  BYDFi is a popular cryptocurrency exchange that offers a hands-off approach for investors. With BYDFi, you can invest in a range of cryptocurrencies and let their automated trading algorithms handle the buying and selling for you. This can be a convenient option for investors who don't have the time or expertise to actively trade. However, it's important to do your own research and consider the risks involved before investing in any platform.
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