1Yr·

I bought the VanEck Bitcoin ETN $VBTC (+0.55%) with a TER of 1%. However, I plan $BTC (+0.04%) to hold until after the 2028 halving, so I "lose" 1% of the price every year due to the high TER. I have now bought a crypto broker... what do you think, just sit out the 1% TER or sell the ETN and use the money (minus taxes, mind you) to buy BTC again directly via the broker, without TER? Thank you for your opinions!

11 Comments

Roc2103@Roc2103

1Yr

If you invest directly in crypto, this is tax-free after 1 year.

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.@ungerc

1Yr

@Roc2103 not in Austria (??)

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Roc2103@Roc2103

1Yr

@ungerc For Bitcoin purchased before March 1, 2021 and held for more than one year, the tax on gains does not apply.

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.@ungerc

1Yr

@Roc2103 I know, unfortunately not the case for me. Thanks anyway!

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SemiGrowth@SemiGrowth

1Yr

"Not your keys, not your coins"

Are you holding $BTC as speculation or because you think the project is good?

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.@ungerc

1Yr

@SemiGrowth Letzteres

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SemiGrowth@SemiGrowth

1Yr

@ungerc With the ETF, you only benefit from the performance. If you really want to hold BTC, then you should also manage the coins yourself.

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Stefan21@stefan_21

1Yr

Please buy Bitcoin and put it on a hardware wallet. Then you'll also be better off with taxes.

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.@ungerc

1Yr

@stefan_21 Here in Austria I would pay taxes on Bitcoin itself or ETNs, unfortunately there is no tax exemption here after a holding period of one year... it's purely about the TER :)

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Sparfuchs9@Sparfuchs9

1Yr

Would never make the mistake of buying the ETN again. I bought it myself and am really annoyed about the taxes.

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.@ungerc

1Yr

@Sparfuchs9 Here in Austria I would pay taxes on Bitcoin itself or ETNs, unfortunately there is no tax exemption here after a holding period of one year... it's purely about the TER :)

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