What are the benefits of using a custodial account for investing in cryptocurrency on Betterment?

3 answers

• Madhav AgarwalOct 02, 2020 · 5 years ago
  Betterment's custodial account provides several benefits for investing in cryptocurrency. Firstly, it offers a secure and regulated platform for buying and holding cryptocurrencies. This ensures that your investments are protected from hacking and fraud. Additionally, Betterment's custodial account allows for easy diversification by offering a wide range of cryptocurrencies to choose from. This helps to spread the risk and potentially increase returns. Lastly, Betterment provides a user-friendly interface and intuitive tools that make it easy for beginners to invest in cryptocurrency.
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• Manjushree RajguruDec 08, 2020 · 5 years ago
  Investing in cryptocurrency through Betterment's custodial account has its perks. One of the main advantages is the added layer of security. With Betterment's custodial account, your cryptocurrencies are stored in a secure wallet, reducing the risk of theft or loss. Another benefit is the convenience of having all your investments in one place. Betterment's platform allows you to manage your traditional investments and cryptocurrencies seamlessly. Lastly, Betterment offers a user-friendly interface and educational resources to help you make informed investment decisions.
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• Deniel JacksonAug 19, 2024 · a year ago
  When it comes to investing in cryptocurrency, Betterment's custodial account is a solid choice. With Betterment, you can enjoy the benefits of a custodial account, which means your cryptocurrencies are held in a secure and regulated environment. This provides peace of mind knowing that your investments are protected. Betterment also offers a wide range of cryptocurrencies to choose from, allowing for diversification. Additionally, their platform is easy to use, making it accessible for both beginners and experienced investors alike.
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