WHAT HAPPENS NEXT

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khp

Joined
Jan 2018
From
France
Hi. Through listening to friends and reading a few blogs etc I have somehow managed to buy and transfer into a wallet a small amount of ETH. A question regarding how the wallet works...it is a JAXX wallet. It shows how much ETH I purchased and the amount of cash I spent. Does this update as ETH falls/rises and my ETH worth changes? Many thanks.
 

V4Vendetta

Moderator
Joined
Apr 2017
From
Texas
Hi. Through listening to friends and reading a few blogs etc I have somehow managed to buy and transfer into a wallet a small amount of ETH. A question regarding how the wallet works...it is a JAXX wallet. It shows how much ETH I purchased and the amount of cash I spent. Does this update as ETH falls/rises and my ETH worth changes? Many thanks.
It should reflect the cost relative to the value of the currency, generally not the dollar value you bought it at the time. You would need to record this in your own records at the time of purchase. Exodus Wallet works the same.
 
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