October 2017
Intermediate to advanced
256 pages
9h 33m
English
book
Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond
by Chris Burniske, Jack Tatar
Content preview from Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond
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Chapter 14
Investing Directly in Cryptoassets: Mining, Exchanges, and Wallets
Today, investors have many avenues for purchasing bitcoin and other cryptoassets. Options will continue to evolve, but broadly there are two main considerations: how to acquire cryptoassets and how to store them. Since cryptoassets are digital bearer instruments, they are unlike many other investments that are held by a centralized custodian. For example, regardless of which platform an investor uses to buy stocks, there is a centralized custodian who is “housing” the assets and keeping track of the investor’s balance.1 With cryptoassets, the innovative investor can opt for a similar situation or can have full autonomy and control in storage. The avenue chosen depends ...
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