Crypto20, as the name suggests, is an index fund management product with the aim of keeping an investment track on the top 20 cryptocurrencies by market capitalization. This is a first of its type especially since decentralized digital assets emerged, and has a potential similar to that of the traditional index fund economy.
The problem here is that, as mainstream investors are beginning to accept the idea of using these digital assets as trading and investment vehicles when they are presented with a load of a thousand choice to invest in, it becomes complicated. Technically if they have to go through each project individually to invest, or even through a portfolio or a fund manager, the process isn’t simpler.
So, Crypto20 investment as a tokenized index fund system is a logical solution to a broad scale of investment barriers.How to buy?
A very few numbers of exchanges handle the trades of this asset and only do so to either BTC or ETH. This is quite troublesome, especially if one doesn’t have either of them. However, should you decide to invest in C20, you should consider looking at an exchange and a trading pair with good liquidity.
To buy C20, you would need to first buy BTC or ETH using your credit card and then send to the exchange where the asset is being listed before you can make a trade, however, if you prefer to exchange one of your other assets to BTC, that could also work.
As for storing the asset, you could either leave it on the exchange market where you purchased your coin from or transfer to an ERC20 compatible wallet such as myetherwallet or metamask.