Bitcoin (BTC)
The first and most well-known decentralized cryptocurrency.
Key Facts
- Category: Cryptocurrencies
- Typical Risk Level: 5/5
- Typical Return Potential: 5/5
- Liquidity Level: 5/5
- Minimum Investment: $10
Detailed Information
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. It is highly volatile.
Tax Implications
Taxed as property (capital gains/losses).