Crypto Currency Investing Chapter 6 Summary: Three Ways to Profit

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During the gold rush days, many people got rich not by mining for gold, but by selling the tools needed to mine that gold.

You can do the same with crypto by focusing on the companies who benefit no matter what coins are surging.

Ticker code: COIN

Coinbase was the first platform enabling the general population to trade crypto.

These days, depending on where you live, you can even get a Visa debit card attached to your Coinbase account allowing you to withdraw crypto as a fiat currency in real-time.

Coinbase, however, is not without its competition. Other crypto exchanges include big players such as Kraken and Binance.

Ticker code: SI

Silvergate Capital was the very first crypto bank. For whatever reason, people feel safer when a bank is involved.

Silvergate Capital holds crypto assets while also offering normal banking services, including lending Bitcoin.

If investing in individual stocks is too risky for you, consider an ETF.

An ETF (Exchange-Traded Fund) holds a collection of assets which lowers volatility since it is diversified.

There are new blockchain ETFs popping up all the time. Here are some of them with their ticker codes:

Global X Blockchain (BKCH): Mining and crypto-exchange focused. It is considered more volatile than other ETFs on this list.

Amplified Transformational Data Sharing (BLOK): Has the majority of holdings in software.

Invesco CoinShares Global Blockchain (BCHS): Considered the best European Blockchain ETF with over 1 billion GBP in assets.

Read the next chapter here.

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