How to pick the right crypto wallet?

Choosing the right crypto wallet is crucial for securing your digital assets. The first and most important decision is whether you need a hot wallet or a cold wallet. This fundamental choice dictates your security and accessibility trade-off.

Hot wallets, connected to the internet, offer convenience. They’re ideal for frequent trading and transactions. However, this constant online connection makes them vulnerable to hacking and malware. Examples include web wallets, mobile wallets, and desktop wallets. Consider these factors when choosing a hot wallet:

Reputation and security features: Look for wallets with strong security measures like two-factor authentication (2FA) and reputable security audits.
User interface: A user-friendly interface is essential for easy navigation and transaction management.
Supported cryptocurrencies: Ensure the wallet supports the specific cryptocurrencies you plan to store.
Customer support: Reliable customer support can be invaluable if you encounter problems.

Cold wallets, on the other hand, are offline devices – essentially, keeping your crypto offline. They provide significantly enhanced security because they’re not exposed to online threats. Examples include hardware wallets and paper wallets. While offering superior security, they sacrifice convenience. Transactions require connecting them to a computer, increasing the risk of accidental compromise if not handled carefully.

Consider these aspects when selecting a cold wallet:

Hardware wallet security: Look for tamper-evident hardware and strong encryption.
Backup and recovery: Understand the backup and recovery process to ensure you can regain access to your funds if the device is lost or damaged.
Firmware updates: Regular firmware updates are crucial for patching security vulnerabilities.
Supported cryptocurrencies and functionalities: Check for compatibility with your desired cryptocurrencies and features, such as multi-signature support.

Ultimately, the best wallet depends on your individual needs and risk tolerance. High-value holdings warrant the enhanced security of a cold wallet, whereas smaller amounts and frequent trading might justify the convenience of a hot wallet. Remember to thoroughly research any wallet before entrusting it with your cryptocurrencies.

What is the best crypto wallet for beginners?

For crypto newbies, the Trezor Model One or Trezor Model T are fantastic options. They’re incredibly user-friendly hardware wallets, making them ideal for beginners who might feel overwhelmed by more complex software solutions. The ease of use is a huge plus – setup is straightforward, and navigating the interface is intuitive.

Why Trezor?

Open-source security: This is crucial. The open-source nature means anyone can scrutinize the code, increasing trust and reducing the risk of hidden vulnerabilities. This transparency is a big deal when you’re dealing with your crypto.
Established reputation: Trezor has been around for over a decade, establishing itself as a trusted and reliable brand in the hardware wallet space. This longevity speaks volumes about their commitment to security and customer satisfaction.
Hardware security: Unlike software wallets, your private keys never leave the device. This is a significant advantage in protecting your assets from online threats like phishing scams and malware.

While other hardware wallets exist, Trezor’s combination of ease of use, open-source code, and established track record makes it a top choice for beginners. Remember that no wallet is completely unhackable, but Trezor provides a very high level of security for those new to the crypto world.

Things to consider beyond Trezor:

Seed phrase security: This is paramount with *any* wallet. Treat your seed phrase like the combination to your safe – keep it safe, offline, and never share it with anyone.
Backup your seed phrase: Write it down (multiple copies in separate locations), and consider using a metal plate for extra durability. Losing your seed phrase means losing access to your crypto.
Research other options: Ledger is another popular hardware wallet brand; explore both Trezor and Ledger to see which interface you prefer. Ultimately, the “best” wallet depends on your personal needs and comfort level.

Where is the best place to keep your crypto wallet?

The optimal storage for substantial cryptocurrency holdings is a cold wallet. While any method can technically hold large amounts, cold wallets offer unparalleled security against hacking and theft, a crucial factor given the volatile nature of the market. Hardware wallets, a type of cold wallet, provide the highest level of security through offline storage and robust security features like PIN codes and seed phrases. However, consider diversifying your storage – splitting your holdings across multiple cold wallets and potentially a small, well-secured hot wallet for quick transactions. Never store your seed phrase digitally; it’s your cryptographic key, and losing it means losing access to your funds. Remember, proper security practices, including strong passwords and two-factor authentication where available, are just as important as the wallet type itself. Consider the tradeoff between security and accessibility when choosing your strategy. Ultimately, security should always outweigh convenience when managing significant cryptocurrency investments.

Which wallet is best for cryptocurrency?

The “best” crypto wallet is highly subjective and depends on your specific needs and risk tolerance. There’s no one-size-fits-all solution. However, here’s a refined perspective based on April 2025’s landscape:

Security-focused: Zengo. Its multi-signature and recovery features are excellent, but understand that even robust security can be compromised with social engineering attacks. Always prioritize strong passphrase management and avoid phishing scams.

Beginner-friendly & Low-Cost: Coinbase Wallet. Easy to use, integrates well with the Coinbase exchange, but its custodial aspects mean you’re trusting Coinbase with your private keys to a degree. Consider the trade-off between convenience and self-custody.

Mobile-first Experience: Exodus. Attractive UI/UX, supports a wide range of cryptocurrencies, but its mobile-centric approach might limit advanced features some users desire. Always verify app authenticity before downloading.

Bitcoin Specialization: Electrum. Lightweight and highly regarded for its Bitcoin-specific features and strong focus on security, but its interface is less intuitive than others. Perfect for Bitcoin HODLers prioritizing security and privacy.

Ethereum Ecosystem: MetaMask. Excellent integration with decentralized applications (dApps) on the Ethereum network, but its browser extension nature requires careful management to prevent extension-related vulnerabilities. Be extra vigilant about website legitimacy before connecting.

Important Considerations:

Hardware Wallets: While not listed above, Ledger and Trezor remain top choices for ultimate security, particularly for substantial holdings. They offer true cold storage, but require a higher initial investment.
Self-Custody vs. Custodial: Understand the difference. Self-custody wallets (like Electrum and hardware wallets) give you complete control of your private keys, while custodial wallets (like Coinbase Wallet) hold your keys on your behalf.
DYOR (Do Your Own Research): Always thoroughly research any wallet before using it. Read reviews, check security audits, and understand its features and limitations.
Never share your seed phrase or private keys with anyone.

Which wallet does Elon Musk use?

While Elon Musk’s statement about Freewallet resolving a locked wallet issue is anecdotal and potentially applicable to other platforms, it highlights the importance of secure cryptocurrency management. He likely uses multiple wallets, diversifying risk across different custodians. While Robinhood and PayPal offer convenient on-ramps for crypto trading, they’re centralized exchanges, meaning you don’t truly own your private keys. This poses custody risk; the exchange holds your assets, leaving you vulnerable to hacks or bankruptcy. Self-custody wallets like Ledger or Trezor, offering hardware security, provide significantly greater control and security, though they require a steeper learning curve. Cold storage (offline wallets) is crucial for large holdings, offering the best protection against online threats. Software wallets, while convenient, increase vulnerability to malware and phishing attacks. Ultimately, the best wallet depends on your risk tolerance, technical skills, and holdings size. Consider factors like security features, ease of use, supported cryptocurrencies, and transaction fees before choosing.

What is the safest crypto wallet?

There’s no single “safest” crypto wallet; security depends on individual needs and practices. The best choice hinges on your technical expertise, the amount of crypto held, and your risk tolerance. The provided ratings are subjective and user-based, not a reflection of objective security audits.

Hardware wallets (like Tangem) offer the highest level of security because private keys never leave the device. However, they’re more expensive and less convenient than software wallets. Loss or damage to the device means loss of funds. Consider the device’s tamper resistance and its manufacturer’s reputation for security updates.

Software wallets (like Phantom, Exodus, MetaMask) are more convenient but inherently riskier. Security depends heavily on the strength of your password/seed phrase and the security of the device and software they run on. Hot wallets, connected to the internet, are vulnerable to phishing, malware, and exploits. Choose reputable wallets with established security track records and regular updates. MetaMask’s popularity makes it a prime target for attackers, necessitating extra vigilance.

Solana wallets (like Phantom) might offer specific features beneficial to Solana users, but their security depends on the overall security of the Solana network and the wallet’s implementation. Remember that network vulnerabilities can affect even the most secure wallets.

Ethereum wallets (like MetaMask and Exodus) are prevalent due to Ethereum’s extensive ecosystem. However, their security is paramount. Be aware of scams that target Ethereum users. The security of the Ethereum network itself also plays a crucial role in your wallet’s security.

Multi-signature wallets provide an extra layer of security, requiring multiple approvals for transactions. This significantly reduces the risk of unauthorized access but adds complexity.

Security best practices are crucial regardless of wallet choice. Always use strong, unique passwords and securely store your seed phrase offline. Be cautious of phishing scams and only download wallets from official sources. Regularly back up your wallet and monitor your transaction history for suspicious activity. Diversification across different wallets and platforms is a sound risk management strategy.

How do I choose a wallet?

Choosing a crypto wallet hinges on security and functionality, not just aesthetics. While colors and designs are nice, prioritize security features. Consider hardware wallets for maximum security – they store your private keys offline, protecting against hacking. Software wallets, while convenient, require robust passwords and two-factor authentication.

Think about the types of cryptocurrencies you’ll hold. Some wallets support only a limited number of coins or tokens. Also consider the wallet’s interface – is it user-friendly? Ease of use matters, especially when dealing with potentially complex transactions.

Compartment design is crucial for managing multiple cryptocurrencies and private keys. A well-organized wallet simplifies your workflow and reduces the risk of errors. Look for wallets that offer clear separation for different assets and allow for easy import/export of seed phrases.

Finally, research the wallet’s reputation and developer team. Read reviews, check for security audits, and choose a reputable provider with a proven track record. Never use an unknown or poorly-reviewed wallet.

How to choose a wallet?

Choosing a crypto wallet depends on your needs and tech comfort level. There are several main types:

Hardware wallets: These are physical devices (like USB sticks) that store your private keys offline. They’re the most secure option, offering excellent protection against hacking and malware. Think of them as a high-security vault for your crypto. Examples include Ledger and Trezor.
Software wallets: These are applications you install on your computer or smartphone. They’re more convenient than hardware wallets but require more caution to prevent security breaches. There are desktop, mobile, and browser-based versions.
Web wallets: These are online wallets hosted by a third party. Access is easy, but they are generally considered less secure than hardware or software wallets because you’re entrusting your funds to a provider.
Paper wallets: These are essentially printed QR codes containing your private keys. They are very secure if kept in a safe place, but losing the paper means losing access to your funds. This is generally only recommended for very small amounts and short-term storage.

Factors to Consider:

Security: How much risk are you willing to take? Hardware wallets are the most secure, while web wallets are the least.
Ease of use: How comfortable are you with technology? Hardware wallets can have a steeper learning curve, but once you get it, they are very simple to use.
Supported cryptocurrencies: Make sure the wallet supports the coins or tokens you own or plan to own.
Fees: Some wallets charge transaction fees or have other associated costs.
Backup and recovery: Always understand how to back up your wallet and recover access if you lose your device or forget your password.

Choosing the right one depends on your needs. If security is your top priority, a hardware wallet is the way to go. If convenience is more important, a software wallet might be suitable. For small amounts, paper wallets can also suffice. Always research carefully before choosing a wallet and never share your private keys with anyone.

How do I set up crypto wallet for beginners?

Setting up a crypto wallet for beginners requires careful consideration. Avoid rushed decisions; security is paramount.

Software Wallets: These are convenient but inherently riskier. Choose reputable providers with strong security reputations and a proven track record. Look for features like two-factor authentication (2FA) and multi-signature options.

Choose wisely: Research different software wallets (e.g., Trust Wallet, Exodus, Atomic Wallet). Consider features like supported cryptocurrencies and user interface before committing.
Download from official sources only: Download your chosen wallet app directly from the official website or app store to avoid malicious software.
Secure account creation: Use a strong, unique password and enable 2FA immediately. Write down your seed phrase (recovery phrase) and store it securely offline – this is crucial for regaining access if you lose your device. Never share your seed phrase with anyone.
Gradual transfer: Don’t transfer all your assets at once. Start with a small amount to test the process and ensure everything works as expected before transferring larger sums.

Hardware Wallets: These offer superior security by storing your private keys offline. They are more expensive but significantly reduce the risk of hacking or malware compromising your funds.

Research reputable brands: Ledger and Trezor are popular choices. Look for independent security audits and user reviews.
Purchase directly from the manufacturer: Avoid third-party sellers to minimize the risk of receiving a compromised device.
Follow setup instructions carefully: The setup process typically involves generating and securely storing a seed phrase. This phrase is your only way to recover access; safeguard it meticulously.
Regular firmware updates: Keep your hardware wallet’s firmware updated to benefit from the latest security patches.

Important Considerations for Both Types:

Backup your seed phrase: Store it offline in multiple secure locations (e.g., a safety deposit box, fireproof safe, split between multiple physical locations). Never store it digitally.
Understand the risks: No wallet is completely unhackable. Be aware of phishing scams and other security threats.
Diversify your holdings: Don’t keep all your crypto in one wallet. Spread your assets across multiple wallets and exchanges to mitigate risk.

Can a trust wallet be traced?

No, Trust Wallet transactions aren’t untraceable. Think of it like this: while Trust Wallet is like a digital wallet you use to hold and send crypto, the actual crypto transactions happen on a public blockchain (like Ethereum or Binance Smart Chain).

Public Blockchains are Transparent: These blockchains are like giant, public ledgers. Every transaction is recorded there permanently, for anyone to see. This includes the sender’s and receiver’s wallet addresses (although not necessarily their real-world identities).

Tracing Transactions: Blockchain analysis tools allow investigators (including tax authorities like the IRS) to follow the flow of cryptocurrency. They can see which wallets sent and received crypto and even potentially link those wallets to individuals through various techniques. This means even though Trust Wallet doesn’t directly report to the IRS, your transactions are still traceable on the blockchain.

Privacy Considerations: While complete anonymity is impossible with public blockchains, you can improve your privacy by:

Using a privacy-focused cryptocurrency (although these might not be available on all wallets).
Using a mixer or tumbler service (use caution, as some are scams).
Being mindful of your online activity and avoiding linking your real identity directly to your wallet addresses.

Tax Implications: Remember, crypto transactions are taxable events in many countries, even if they aren’t directly reported by the wallet provider. Keep good records of your transactions to ensure compliance with tax laws.

Important Note: The effectiveness of tracing depends on factors such as the complexity of the transactions and the resources available to those doing the tracing. Simple transactions are easier to trace than those involving many intermediaries.

Which crypto will explode in 2025?

Predicting the future of crypto is inherently speculative, but analyzing current market trends and technological advancements can offer informed insights into potential outperformers in 2025. While no one can definitively say which crypto will “explode,” several contenders show promising signs.

Ripple (XRP): With a projected market cap of $116.54 billion and a current price of $1.99, XRP’s ongoing legal battle with the SEC remains a key factor. A favorable outcome could significantly boost its price. However, regulatory uncertainty continues to be a significant risk.

Dogecoin (DOGE): A meme coin with a substantial market cap of $23.38 billion and a current price of $0.1571, DOGE’s price is heavily influenced by social media trends and Elon Musk’s pronouncements. Its future growth hinges largely on maintaining its community engagement and adoption.

Cardano (ADA): Boasting a market cap of $22.03 billion and a current price of $0.6244, Cardano’s focus on scalability and sustainability positions it as a potential long-term player. However, its development pace needs to remain consistent to compete with faster-moving rivals.

Avalanche (AVAX): Currently valued at $7.66 billion with a price of $18.5, Avalanche’s speed and efficiency in smart contract execution are key strengths. Its success will depend on attracting developers and gaining broader adoption within the DeFi ecosystem. The rapidly evolving DeFi landscape presents both opportunities and challenges.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies involves significant risk, and potential losses can be substantial. Conduct thorough research and consult a financial advisor before making any investment decisions.

How much should a good wallet cost?

The $50-$150 price point for a wallet represents a sweet spot in the market. Think of it as the “value play” in the leather goods sector. You’re getting decent returns on your investment (ROI) in terms of craftsmanship and aesthetics without breaking the bank.

What you get:

Solid Construction: Expect good stitching, durable materials, and a design that can withstand daily wear and tear.
Established Brands: You’ll find reputable brands offering warranties and consistent quality control. Think of it as diversification in your accessories portfolio—less risk, decent return.
Mid-Range Leather: While not top-grain or exotic leathers, the hides used will likely be treated for durability and offer acceptable longevity. It’s a “growth stock” type of leather—it will age gracefully but may show signs of wear faster than premium options.

What you’re missing:

Premium Leathers: The highest grades of leather, like full-grain, are typically reserved for higher price points. Think of this as missing out on a potential blue-chip investment in long-term leather quality.
Bespoke Craftsmanship: Hand-stitching, unique detailing, and other high-end finishes are less common in this range. This is a “growth company” with potential for future improvements, but not yet a market leader.

Consider this: The price range is influenced by brand recognition—a known brand often commands a premium over a lesser-known maker, even with similar materials and construction. Researching lesser-known brands might yield better value if you’re willing to take on a bit more risk.

In short: $50-$150 offers a functional and stylish wallet without the premium price tag. It’s a good starting point for building a solid accessory portfolio. But if longevity and superior materials are paramount, consider allocating a larger budget.

How much should I put into crypto as a beginner?

Start small. Think $10-$50, purely for educational purposes. This isn’t about immediate profit; it’s about gaining practical experience navigating exchanges, understanding order types (market vs. limit), and witnessing firsthand the volatility inherent in Bitcoin’s price action. Treat this initial investment as a masterclass, not a gamble.

Why so small? Because Bitcoin’s price is notoriously unpredictable. A small sum minimizes potential losses while you’re still learning the ropes. Once you’re comfortable with the basics – buying, selling, securing your holdings (using a hardware wallet is crucial), and interpreting basic on-chain metrics – then consider gradually increasing your investment.

What to learn before scaling up:

Security best practices: This is paramount. Learn about private keys, seed phrases, and the dangers of phishing scams.
Fundamental analysis: Understand what drives Bitcoin’s value proposition beyond speculation (e.g., scarcity, decentralization, technological advancements).
Technical analysis: Familiarize yourself with chart patterns, indicators (moving averages, RSI, etc.), and how to interpret price trends. This is not foolproof, but a crucial skill.
Risk management: Never invest more than you can afford to lose. Diversification across other asset classes is also highly recommended.

Beyond Bitcoin: Once you grasp Bitcoin fundamentals, you can explore other cryptocurrencies (altcoins), but proceed with extreme caution. Thoroughly research any project before investing, focusing on its whitepaper, team, and underlying technology. The altcoin market is significantly riskier than Bitcoin.

Remember: Cryptocurrency is a long-term game for most. Short-term trading is exceptionally challenging and often unprofitable even for seasoned professionals. Patience, discipline, and continuous learning are key.

Where do most people keep their crypto?

Most people secure their crypto holdings in a crypto wallet. This isn’t a physical wallet, but rather a software or hardware program designed to store your private keys, which are essential for accessing and managing your digital assets. Think of it as a digital bank vault for your cryptocurrency.

The crypto wallet landscape is diverse, offering various levels of security and convenience. We’ll explore three major categories:

Hosted Wallets: These are often provided by exchanges or online platforms. They’re convenient because the platform manages your private keys, simplifying the user experience. However, this convenience comes at a cost – you’re trusting a third party with your funds, exposing yourself to potential risks like platform hacks or insolvency.

Non-Custodial Wallets: With these wallets, *you* are in complete control of your private keys. They’re generally considered more secure than hosted wallets because you’re not reliant on a third party. Popular examples include software wallets like MetaMask or Trust Wallet, that reside on your phone or computer. Remember that you are solely responsible for the security of your keys – losing them means losing access to your funds.

Hardware Wallets: These are physical devices specifically designed for storing cryptocurrencies offline. They provide the highest level of security because your private keys never leave the device. Considered the gold standard for security, these wallets are a great option for those holding significant amounts of cryptocurrency. However, they usually come with a higher price tag.

Choosing the right crypto wallet depends on your technical skills, risk tolerance, and the amount of cryptocurrency you own. Carefully weigh the trade-offs between convenience and security before making a decision.

Important Note: Regardless of the wallet type you choose, always practice strong security habits. This includes using strong, unique passwords, enabling two-factor authentication whenever possible, and being wary of phishing scams.

Can the IRS see my trust wallet?

The IRS doesn’t directly monitor Trust Wallet, but it can access transaction data. Trust Wallet itself doesn’t report to the IRS; it’s a non-custodial wallet, meaning you control your private keys. However, transactions on public blockchains like Bitcoin and Ethereum are recorded on a publicly accessible ledger. This means any transaction made using a Trust Wallet connected to a public blockchain is potentially traceable.

Key factors influencing traceability: The IRS can use blockchain explorers to examine transactions linked to specific addresses. While the wallet itself remains anonymous, identifying the owner of a particular address could become possible through various means, including correlation with other data or through subpoenas to exchanges if the crypto was onboarded or off-boarded via an exchange known to the IRS.

Privacy enhancing techniques (though not foolproof): Using a privacy coin on a shielded blockchain (e.g., Monero, Zcash with shielded transactions) offers a higher degree of anonymity. Using a decentralized exchange (DEX) rather than a centralized exchange reduces the amount of personally identifiable information associated with transactions. However, even with these techniques, there remains some degree of traceability, and thorough investigation by law enforcement agencies with access to advanced analytics may still be possible.

Important Note: Tax laws surrounding cryptocurrency transactions apply regardless of wallet type. The IRS expects accurate reporting of all cryptocurrency transactions, regardless of how anonymous the underlying transaction is believed to be. Failure to report crypto-related income can result in significant penalties.

Can someone withdraw from trust wallet?

No, you can’t directly withdraw fiat currency (like USD or EUR) from Trust Wallet to your bank account. Trust Wallet is a crypto wallet, meaning it only holds and manages cryptocurrencies.

To get your money out, you need to transfer your cryptocurrency from Trust Wallet to a cryptocurrency exchange. A cryptocurrency exchange is like a bank, but for crypto. They let you trade cryptocurrencies for fiat currency, which you can then withdraw to your bank account.

Popular Exchanges:

Binance: A large exchange with many cryptocurrencies available, known for its low fees and extensive trading options. However, regulations and availability vary by region.
Coinbase: A user-friendly exchange, particularly good for beginners. It’s known for its security features and regulatory compliance but may have higher fees than some other options.
Kraken: Another reputable exchange offering a wide range of cryptocurrencies and often considered a strong alternative to Coinbase and Binance. They also have a good reputation for security.

Important Considerations:

Fees: Each exchange and transaction will incur fees. These vary significantly, so compare before choosing an exchange.
Security: Use strong passwords and enable two-factor authentication (2FA) on your exchange account to protect your funds. Be cautious of phishing scams.
KYC/AML: Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations require you to verify your identity on most exchanges before you can withdraw funds. This is a standard security measure.
Withdrawal Limits: Exchanges often have limits on how much you can withdraw at once, particularly when verifying a new account.

What is the best crypto to invest in right now?

Picking the “best” crypto is tricky, as it heavily depends on risk tolerance and investment goals. However, several strong contenders consistently emerge.

Bitcoin (BTC) remains the dominant force, boasting a market cap exceeding $1.7 trillion. Its established position and widespread adoption make it a relatively safe, albeit less volatile, investment compared to others. Consider it a cornerstone of any diversified crypto portfolio.

Ethereum (ETH), with a market cap around $195.9 billion, powers many decentralized applications (dApps) and smart contracts. Its role in the DeFi (Decentralized Finance) space makes it attractive, but also inherently riskier due to the volatility of this sector. Future upgrades like Ethereum 2.0 aim to improve scalability and efficiency, potentially impacting its price.

XRP (XRP), valued at approximately $124.1 billion, is associated with Ripple, a company focused on cross-border payments. While it has faced regulatory challenges, its potential for real-world application in financial transactions deserves consideration. However, legal uncertainty contributes significantly to its risk profile.

Binance Coin (BNB), holding a market cap near $83.2 billion, is the native token of the Binance exchange, one of the largest in the world. Its utility within the Binance ecosystem provides value, but its price is tightly coupled to the exchange’s performance and regulatory scrutiny.

Solana (SOL), with a market cap of roughly $66.7 billion, is a high-performance blockchain known for its speed and scalability. While promising, it’s a relatively newer player and therefore carries higher risk compared to more established coins.

U.S. Dollar Coin (USDC), at around $60.2 billion market cap, is a stablecoin pegged to the US dollar. It offers relative price stability, making it suitable for risk-averse investors or those needing to preserve value within a crypto portfolio. However, it’s important to understand the underlying collateralization and risks associated with stablecoins.

Dogecoin (DOGE) and TRON (TRX) are also frequently mentioned, but their values are largely driven by speculation and community sentiment, rather than strong technological fundamentals or clear use cases. They carry substantially higher risk.

Disclaimer: This information is for educational purposes only and not financial advice. Cryptocurrency investments are highly volatile and carry significant risk of loss.