Coinbase's NEW product will help you retire 🤑

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 🚀🌕

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

Coinbase Index Fund 🤑

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One user said it was the first time AI felt like a real coworker, which is either exciting or slightly concerning depending on your week.