FAQ-How to Buy Bitcoin?

• Where can I buy cryptocurrencies？

Coinbase and Binance are two of the worlds largest bitcoin trading platforms. They are touted as the easy and fast way for new users to purchase various cryptocurrencies such as bitcoin. Other ways to buy include the digital currency app Ziglu and on the investment platform eToro.

Gemini, founded by the Winklevoss brothers (of Facebook fame), is a digital exchange that allows customers to buy, sell and store cryptocurrencies. It was recently awarded an operational licence by the Financial Conduct Authority, and is regulated by the New York State Department of Financial Services.

• What are the fees？

If you want to buy bitcoin and other cryptos – and sell them again – therell be several fees, such as transaction fees, deposit fees, withdrawal fees, trading fees and escrow fees of usually a few percent of the total transaction value.

• What about a bitcoin fund？

Several companies are planning to launch bitcoin funds, though have run into difficulties with regulatory agencies so far. The main purpose of it would be to facilitate the investing process into cryptocurrency and make the asset class more attractive. It will still be volatile, but it could be easier to sell your investment and get your money back than investing directly.

There are a few ways to get exposure to cryptocurrency with existing investment funds. For example, Ruffer Investment Company, an investment trust, announced in December 2020 that it had allocated 2.5% of its portfolio to bitcoin. If youre more interested in the blockchain technology, the Invesco Elwood Global Blockchain exchange traded fund uses the Elwood Blockchain Global Equity index to track a basket of companies deemed to have the“potential to participate in the blockchain ecosystem”. Its top 10 holdings include Taiwan Semiconductor Manufacturing and Samsung.