3Yr·

What do you think about an etp to invest in bitcoin to not have to buy "directly" ? I would be interested in your opinion.

8 Comments

depotvonjonas@depotvonjonas

3Yr

Not your keys not your coins

•

Cathy@Cathy

3Yr

@depotvonjonas THANK YOU ! I can only agree with that... 😎

••

Patrick ₿ateman@fastlane

3Yr

What is the argument against direct purchase?

•

Pierro@PierroDi

3Yr

@fastlane I can't find a decent test that compares the different wallets and which portal is reputable and which is not.

••

Hendrik@hendrik_lmr

3Yr

@PierroDi For a beginner who wants to buy only the largest cryptocurrencies (BTC, ETH,LINK, etc.), I can recommend Bison. It's from the Stuttgart exchange, is fully regulated and offers a tax report that you can put with your tax return when you sell cryptocurrencies.

•

Pierro@PierroDi

3Yr

@hendrik_lmr wow, thank you that helps me already!

•

Marco@MaLo74

3Yr

Bison has no savings plan and you just have to submit the tax report with the income tax. Sure about 1% TER but for this in the savings plan and sale incl. auction directly through your broker.

•

Hendrik@hendrik_lmr

3Yr

You just invest in mapping the price of a cryptocurrency. If you want to use the cryptocurrency or the blockchain behind it, you can't because you were never part of it. If you just want to "buy today and sell tomorrow," it doesn't matter, but if you actually want to own cryptocurrencies, buy them outright. It's like you're buying gold or a security that tracks the price of gold. If you're fine with a representation, then go for it, but if you actually want to own gold, you have to actually buy it.

•