Crypto Getting Started | M1 Help Center (2024)

Editing your Crypto portfolio is as simple as editing your equity portfolio. Follow the links below to edit your Pie, research coins, and understand how performance is calculated:

Any client with a funded M1 Invest Account for more than 5 days can open a Crypto Account on M1.

From the Invest tab, select add an account
Select Crypto Account
Confirm

Any M1 client with a funded M1 Invest Account can open a Crypto Account for free. Furthermore, all crypto assets are traded commission free. Other fees may apply, visit M1 Fee Schedule to learn more.

Funding your Crypto Account is like funding your M1 Invest Account. Once your bank connection is established, you can navigate to the Home Screen and click “Move Money.”

From here, you will see the option to transfer funds to your Crypto Account.

Note: The initial minimum deposit into the account is $100.00. Subsequent deposits have a minimum deposit of $10.

M1 does not currently have a dedicated crypto wallet. Cryptocurrencies are held in your Apex Crypto Account(s).

Your Crypto Account will be separate from any other Invest brokerage accounts. Clients can purchase cryptocurrencies through M1’s platform, but cryptocurrency assets are held by Apex Crypto in your Apex Crypto Account(s).

Clients will not be able to add crypto slices to other stock or ETF Pies. However, the Research tab will contain information on both stocks and crypto assets.

Crypto cannot be sent or received from outside wallets at this time.

Investing in cryptocurrency comes with significant risk and may not be suitable for everyone. Based on your specific situation and financial condition, carefully consider whether investing in cryptocurrencies is suitable for you. For relevant disclosures and risks, visit Crypto Disclosures.

Crypto services, execution, and custody are provided by Bakkt Crypto Solutions LLC (NMLS ID 1828849) through a software licensing agreement with M1 Digital LLC. Bakkt Crypto Solutions LLC and M1 Digital LLC are not registered broker-dealers or FINRA members and your crypto holdings are not securities and are not FDIC or SIPC insured.

M1 Digital LLC is a wholly separate affiliate of M1 Finance LLC, and neither are involved with the execution or custody of cryptocurrencies.

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Crypto Getting Started | M1 Help Center (2024)

FAQs

Who can help me with my crypto? ›

Investors can ask a financial advisor if they think cryptocurrencies are a good financial asset, how to invest in crypto, and if the advisor holds any crypto investments.

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How do I start working with crypto? ›

To start with cryptocurrency, you'll need to choose a broker or crypto exchange. An exchange is an online platform where you can trade cryptocurrencies. Brokers use interfaces that interact with exchanges. An exchange allows you to trade without a third party.

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How can I recover my crypto? ›

How to restore your wallet from manually inputting a recovery phrase

When you have downloaded the Bitcoin.com Wallet, tap on the "+" symbol to the right of your bitcoin wallets.
Now tap on "Import wallet"
Enter your 12-word recovery phrase and select the coin (BTC, BCH, ETH, AVAX) for the wallet you want to import.

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How do I start dealing in crypto? ›

If you're ready to venture into crypto trading, there are six steps to follow.

Step 1: Open a Crypto Exchange Account. ...
Step 2: Fund Your Account. ...
Step 3: Choose a Cryptocurrency to Trade. ...
Step 4: Pick a Strategy. ...
Step 5: Start Trading. ...
Step 6: Store Your Coins.

Mar 21, 2024

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What can I do if I get scammed on crypto? ›

Report the crime to your local police department. File a report with the FBI. Make sure to include your wallet address (the digital address where you store your cryptocurrency), the scammer's wallet address, and the transaction hash for each transaction.

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Are there any legitimate crypto recovery services? ›

Almost all crypto recovery services are scams — especially those that promise to return crypto that you don't own anymore. If you see any of these warning signs, there's a very good chance that you're dealing with a scammer: They ask for an upfront fee before you receive any help.

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Can I get money back I lost in crypto? ›

Working with a Recovery Firm. A crypto recovery firm can help retrieve lost or stolen crypto funds. They use their technical expertise and resources to track down and recover lost crypto assets.

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How do I get my money back from crypto? ›

Here are five ways you can cash out your crypto or Bitcoin.

Use an exchange to sell crypto.
Use your broker to sell crypto.
Go with a peer-to-peer trade.
Cash out at a Bitcoin ATM.
Trade one crypto for another and then cash out.
Bottom line.

Feb 9, 2024

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Can you make $100 a day with crypto? ›

Can you earn $100 a day trading cryptocurrency? Absolutely! If you're new to crypto day trading, here's what you need to know to make money. The most effective way to make $100 a day with cryptocurrency is to invest approximately $1000 and monitor a 10% increase on a single pair.

What is the best crypto for beginners? ›

Summary

Name (Symbol)	Market Cap	TVL
Solana (SOL)	$74.6 billion	$4.6 billion
Litecoin (LTC)	$6 billion	$4.9 million
Chainlink (LINK)	$9.4 billion	$25.6 billion
Cardano (ADA)	$15.8 billion	$248 million

7 more rows

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How does crypto work for beginners? ›

Cryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders. Units of cryptocurrency are created through a process called mining, which involves using computer power to solve complicated mathematical problems that generate coins.

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Who can help me with crypto taxes? ›

Koinly can generate the right crypto tax reports for you. Form 8949, Schedule D. If you are filing in the US, Koinly can generate filled-in IRS tax forms. Comprehensive tax report. Generate a full crypto tax report with all your short/long term disposals, capital gains and income.

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Can financial advisors help with crypto? ›

They provide guidance and assistance to clients looking to invest in or manage their crypto holdings. Crypto financial advisors help create tailored investment strategies based on the client's financial goals, risk tolerance, and investment horizon.

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How do I file a claim against crypto? ›

How To Report Cryptocurrency Scams

the FTC at ReportFraud.ftc.gov.
the Commodity Futures Trading Commission (CFTC) at CFTC.gov/complaint.
the U.S. Securities and Exchange Commission (SEC) at sec.gov/tcr.
the Internet Crime Complaint Center (IC3) at ic3.gov/Home/FileComplaint.

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How do I claim my crypto? ›

How to Report Crypto on Taxes in 2024

US taxpayers reporting crypto on their taxes should claim all crypto capital gains and losses using Form 8949 and Form Schedule D. ...
US taxpayers should include these forms with their Individual Income Tax Return Form 1040 by the tax deadline, typically April 15th.

Jun 11, 2024