The TL;DR is: a friend of mine online had asked me to set up a crypto wallet for myself and sent me a small amount ($6.71). I have no experience using crypto or anything and I was curious if there is any possible way to turn this into anything more? If not what options or use do I have for it?

  • jigatone@lemmy.worldOP
    31·
    1 year ago

    So it bitcoin unless I’m confused, 0.00017btc which equals 6.72 is what I’m seeing in my account. I’m using the coinbase wallet app.

    • Mubelotix@jlai.lu
      2·
      1 year ago

      Bitcoin is safe. Do not sell for something more risky. Even if Bitcoin continues to grow as it did before, you will only have 67.2 in 2026. That amount of money will not make you rich. The average human owns 0.002375 btc, so you are still poorer than the average human in Bitcoin

    • phoenix591@lemmy.phoenix591.comEnglish
      1·
      1 year ago

      btc is bitcoin yes. coinbase is one of the bigger exchanges so that’s fine

      if you live in the USA crypto makes your taxes more complicated; the IRS wants to know when you buy and sell it and how much you got it for just like traditional investments.