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Product Hunt Daily Digest
March 7th, 2018

Yesterday Coinbase launched its newest product: a crypto index fund.

Right now, it's pretty limited, open to accredited investors in the US and restricted Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. They tweeted out their future plans:

  • Step 1. Offer Coinbase Index Fund to US-resident, accredited investors.
  • Step 2: Make available to all investors.
  • Step 3: Launching more funds which cover a broader range of digital assets.

They're not alone: Metastable Capital and Bitwise launched over the summer, also restricted to US-based accredited investors.

BUT, crypto is built to be decentralized, democratic, and open. So, here's how to build your own index fund of investments (no accreditation required):

  • Step 1. Have money.
  • Step 2. Buy bitcoin from Square Cash (for free!), Coinbase, Robinhood Crypto, LibertyX, or your favorite exchange.
  • Step 3. Pick your preferred tokens from this always-updating list.
  • Step 4. Convert your Bitcoin into any token with Shapeshift.
  • Step 5. Auto-balance your portfolio with this tool.
  • Step 6. Store each cryptocurrencies securely with a software or hardware wallet (like a Trezor).
  • Step 7. Monitor your portfolio with Delta.
  • Step 8. Pay your crypto taxes correctly with TokenTax or Visor.
  • Step 9. HODL πŸš€πŸŒ•

Baffled? Token Daily curates the most important crypto news, and here's a stunning visual explanation of the blockchain. ✨

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For a flat fee, Visor's in-house team of tax professionals prepare your federal and state return, provide advice on complex crypto transactions, handle all required foreign bank account disclosures, and assist in the case of any future IRS inquiries.
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