9Mon
Hello Stefan,
can I buy $BTC directly with a securities account at TR or do I need something additional? Above all, do I have to have a physical wallet or can I just leave it in the custody account?
can I buy $BTC directly with a securities account at TR or do I need something additional? Above all, do I have to have a physical wallet or can I just leave it in the custody account?
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@Bidax Hello Daniel,
Yes, you could buy Bitcoin from Trade Republic. However, there are two disadvantages:
- You can't cash out the Bitcoin and withdraw it to your own wallet, if you have one at some point; you can only buy or sell.
- You have a relatively high spread of up to 4% when buying and selling
Many people always start by buying from TR and then switch to another broker after a while.
It's always "Not your keys, not your coins" - so if you don't hold your Bitcoin yourself, you have to trust someone else again.
There have already been countless exchange hacks and bankruptcies in the past where customers have lost their Bitcoin.
If you simply want to participate in the performance and you can overlook the spread and are aware of the risk, you can use TR :)
It would be better to use another broker such as Strike, 21Bitcoin or Relai. There you can also have the Bitcoin paid out to your own wallet or with Relai you even get your own software wallet in the app. Any Bitcoin you buy there, for example, goes directly to this software wallet.
Yes, you could buy Bitcoin from Trade Republic. However, there are two disadvantages:
- You can't cash out the Bitcoin and withdraw it to your own wallet, if you have one at some point; you can only buy or sell.
- You have a relatively high spread of up to 4% when buying and selling
Many people always start by buying from TR and then switch to another broker after a while.
It's always "Not your keys, not your coins" - so if you don't hold your Bitcoin yourself, you have to trust someone else again.
There have already been countless exchange hacks and bankruptcies in the past where customers have lost their Bitcoin.
If you simply want to participate in the performance and you can overlook the spread and are aware of the risk, you can use TR :)
It would be better to use another broker such as Strike, 21Bitcoin or Relai. There you can also have the Bitcoin paid out to your own wallet or with Relai you even get your own software wallet in the app. Any Bitcoin you buy there, for example, goes directly to this software wallet.
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9Mon
Hello Stefan,
Thanks for your detailed reply. Yesterday was a hot topic as far as my portfolio was concerned.
https://getqu.in/F0pMJ8/
@DonkeyInvestor recommended that I turn my general store into something clean and then add $BTC to my portfolio.
So far, I have an experiment in the https://getqu.in/98xIdk portfolio, as I haven't dared to try Bitcoin. I'll have to think it all over again. Somehow it's not working out the way I "thought" it would. My portfolio is probably a bit overdiversified at the moment and now it's really about the clean version with a world, possibly EM, gold and yes... also Bitcoin 🫣
Thanks in any case for your feedback. Have a great day ☺️
Thanks for your detailed reply. Yesterday was a hot topic as far as my portfolio was concerned.
https://getqu.in/F0pMJ8/
@DonkeyInvestor recommended that I turn my general store into something clean and then add $BTC to my portfolio.
So far, I have an experiment in the https://getqu.in/98xIdk portfolio, as I haven't dared to try Bitcoin. I'll have to think it all over again. Somehow it's not working out the way I "thought" it would. My portfolio is probably a bit overdiversified at the moment and now it's really about the clean version with a world, possibly EM, gold and yes... also Bitcoin 🫣
Thanks in any case for your feedback. Have a great day ☺️
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@Bidax I have already written an article on this too 😁 https://getqu.in/GZNTx2/
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•9Mon
@DonkeyInvestor oh man... you really are the power donkey of the community. Thank you once again. 😁
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•@Bidax It's best if you just take a look at all my posts, which I have linked in the pinned post in my profile 😁😅
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•@DonkeyInvestor Philosophsel?😂
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@stefan_21 was the idea of the @Weisswurstsepp
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•9Mon
@DonkeyInvestor I think so too. 😅
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