Us Crypto20: A Guide To Investing From America

Crypto20 (C20) is an autonomous crypto-only index fund that tracks the top 20 cryptocurrencies in the same way the S&P 500 tracks the top 500 US company stocks. C20 is the fund's token, representing an investor's share in the fund. Token-holders can liquidate the C20 token for their share of the underlying assets via a smart contract. Crypto20 can be purchased on Coinbase Wallet, Binance, Invictus Capital, and other platforms. The process typically involves registering for an account, choosing a payment method, and placing a market or limit order to buy C20.

Register on Binance

To register on Binance, you'll need to sign up for an account. Binance is a cryptocurrency exchange, catering to 169 million registered users in over 180 countries. It is the preferred exchange to trade Bitcoin, Altcoins, and other virtual assets.

With Binance, you can trade hundreds of cryptocurrencies on Spot, Margin, and Futures markets. You can also buy and sell cryptocurrencies with Binance P2P, and earn interest on your crypto with Binance Earn.

Before you can start trading, you'll need to complete identity verification for your account. You can use a credit/debit card, cash balance, or Apple Pay/Google Pay to purchase crypto on Binance.

Binance also offers an app that you can download to trade on the go, anywhere, and anytime.

Choose a payment method

There are several payment methods you can use to buy Crypto20 (C20). The most common are debit/credit card, bank transfer, or using another cryptocurrency such as Ethereum (ETH).

If you are using the Invictus Capital platform, you can send crypto to a deposit address generated on the platform by selecting Crypto transfer, or invest directly from your Invictus Wallet address (this requires a balance of MATIC as well as C20). The most efficient way is to send crypto from another wallet or exchange to your investment deposit address, which can be accessed via the Invest page.

Cryptocurrencies accepted to your deposit address include:

• Bitcoin (BTC)
• Ether (ETH)
• USD Coin (USDC)
• Tether (USDT)
• Binance USD (BUSD)
• True USD (TUSD)

If you are using Coinbase, you can buy ETH with a credit/debit card or via bank transfer, and then swap this for C20. However, credit cards cannot be used to purchase ETH in order to trade or swap for C20.

If you are using Binance, you can top up your account with FIAT money via bank transfer, debit/credit card, or by depositing crypto into your Binance account.

Click 'Buy' and select amount

Once you have registered on an exchange, chosen your payment method, and navigated to the relevant page, it's time to buy Crypto20 (C20).

Click the "Buy" button and select the amount of Crypto20 you want to purchase. This is where you decide how much you want to invest. You can either input the amount of money you want to spend or the number of C20 tokens you want to buy.

If you are using Coinbase, you will need to use ETH to buy C20. You can swap your ETH for C20 in the Coinbase mobile app or browser extension. Tap or click the "Swap" icon in the Assets tab, then select "Choose asset" and pick C20. Input the amount of ETH you want to exchange for C20, remembering to leave enough for transaction fees. Confirm your purchase and follow the on-screen instructions to finalise the transaction.

If you are using Invictus Capital, you can choose to send crypto to a deposit address generated on the platform by selecting "Crypto transfer", or you can invest directly from your Invictus Wallet address (which requires a balance of MATIC to pay for network fees). The most efficient way is to send crypto from another wallet or exchange to your investment deposit address, which can be accessed via the "Invest" page.

If you are using Binance, you can place a market order to buy C20. This means you are buying C20 directly at the current market price. Alternatively, you can place a limit order, which allows you to set a purchase price. For example, if you think the price of C20 is going to drop, you can set a target price, and the purchase will be executed if C20 reaches that price. Limit orders also have lower commissions, so they are generally recommended. Once your order is executed, the C20 tokens will be in your Binance wallet.

Top up your account with FIAT money

To top up your account with FIAT money, you can follow these steps:

Firstly, it is important to understand what FIAT money is. FIAT money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but by the government that issues it. The value of FIAT money is derived from the relationship between supply and demand and the stability of the issuing government. Most modern paper currencies, like the US Dollar, are FIAT currencies. FIAT money is also cost-efficient to produce and gives central banks greater control over the economy as they can regulate how much money is printed.

Now, to top up your account with FIAT money, you can follow these steps:

• Set up a Coinbase Wallet: Download the Coinbase Wallet app or browser extension and create a username. This is necessary as CRYPTO20 is not available on Coinbase's centralized exchange in the US.
• Secure your recovery phrase: When creating a new self-custody wallet, you will receive a 12-word recovery phrase. Write it down and store it securely as it is crucial for accessing your crypto.
• Understand Ethereum network fees: Fees vary based on network activity, transaction complexity, and desired transaction speed.
• Buy and transfer ETH to your Coinbase Wallet: If you don't have a Coinbase account, create one to purchase Ethereum (ETH). Then, transfer the ETH to your Coinbase Wallet.
• Use ETH to buy CRYPTO20: Once you have ETH in your Coinbase Wallet, you can swap it for CRYPTO20 directly in the app or browser extension. Remember to leave enough ETH for transaction fees.

By following these steps, you can top up your account with FIAT money and purchase CRYPTO20.

Place a market order to buy C20

To place a market order to buy C20, you will need to follow a few steps. Firstly, you will need to download a self-custody wallet like Coinbase Wallet, which is available as a mobile app or browser extension. This is necessary as CRYPTO20 (C20) is not currently available on Coinbase’s centralized exchange in the US.

Once you have downloaded the Coinbase Wallet, you will need to choose a username, which will allow other Coinbase Wallet users to send you crypto. After setting up your username, you will be given a recovery phrase consisting of 12 random words. It is important to securely store this phrase as it will be required to access your crypto. Coinbase recommends writing it down on paper and using their cloud backup feature.

The next step is to understand and plan for Ethereum network fees, which can vary depending on the complexity of the transaction and how busy the network is. After that, you will need to buy and transfer ETH to your Coinbase Wallet. If you don't already have a Coinbase account, you will need to create one to purchase Ethereum.

Finally, you can use your ETH to buy CRYPTO20. Go to the "Trade" tab in your Coinbase Wallet and tap or click the "Swap" icon. From there, select "Choose asset" and pick CRYPTO20. Input the amount of ETH you want to exchange for CRYPTO20, ensuring you leave enough for transaction fees. Confirm your purchase and follow the on-screen instructions to finalize the transaction.

It is important to note that CRYPTO20 is a cryptocurrency tokenized index fund, allowing users to hold the top twenty cryptocurrencies with the ease of holding a single token. It offers benefits such as convenience, no exit or broker fees, full transparency, and complete control.

Frequently asked questions