Exposure to crypto

[DoloressEd]

As you cannot trade crypto on IG any longer, are there any alternatives to gaining exposure to this market ?

A friend uses Binance, but terrible reviews on Trust Pilot, same for coinbase. Was wondering about revolut, but are fees excessive ?

Thanks

 

[HeOfMuchDisgrunt]

If you want long exposure to Bitcoin you could consider buying Microstrategy Inc as a kind of proxy call option seeing as they have a policy of hoarding Bitcoin, but they have run up a lot recently despite Bitcoin retracing significantly from its recent high, so allow for a delay effect. I would try to value the  company with and without the Bitcoin stake to get an idea how much fluff is in the price, cos if everyone suddenly dumps their Bitcoin at the same time it could end up being a virtual asset that is virtually worthless.

 

[Stewart]

Doloress. If you don't want to buy them on an exchange and use a wallet to sold storage them yourself, you cshould consider someone like Globalblock who will enable you to buy/sell and also offer a safe storage solution for Crypto. I also use Gemini which you can set up easily online and have safe storage solutions. Click and trade. Bybit are not bad as an exchange but you sound like you are just starting up so you may want to consider one of the two earlier options for peace of mind. My advice would be to start off with something like 60% BTC ,  30% ETH and the remaining 10% split into alts like Polkadot , ADA, XLM and LTC. Use Tradingview (or IG have this actually) to look at the ETHBTC chart over four years which shows you that ETHBTC got close to  1,000 at one point and is currently only 415 . This shows you that in a bull market ETH should outperform BTC by almost twice. Other alts could give you even more upside relative to BTC  but the big institutions are buying nearly all BTC and some ETH. Other useful sites are real vision.com with lots of good Crypto explainer videos. Follow PlanB, Northstar ,Nikkitrades and a few others on Twitter . Good luck!! 

[jacksonville]

Although trust pilot is a good website in this matter. But I am using the binance, it is working perfect until now, having good conversion rates and trust. So I would be fan of it. 

 

[Booey]

You can use coinmetro, they are a trusted exchange with a focus on customer service. 

[Mirada]

I think social media allows people to post comments and questions about their products and services, and many people welcome the interaction that these open forums provide.

[Guest Anthony Deveaux]

Thanks @Booey to share about coinmetro, I will look forward to use this platform for cryptocurrency.

[Branaki]

Thanks