Quote:
Originally Posted by Dime_On_Flames
Can any vets in the space tell me the path of least resistance to buy bitcoin? I'm finding it excruciatingly difficult to get my fiat into the exchanges at a fair exchange rate and without holding periods.
The two Canadian exchanges I signed up for (QCX and Coinsquare) no longer offer e-transfers as a payment method and wire transfers require a minimum which is more then I'm willing to invest.
At this point it's either Flexepin vouchers which works out to 7.5% but with daily limits or the ATMs which I heard is 10%
Cost averaging into crypto seems way too difficult in this country
Any suggestions would be much appreciated
TIA
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You can also just buy regular blockchain stocks or bitcoin etf's. They pair the price action of bitcoin exactly. GBTC is about $20 usd per share and is no different than owning bitcoin. You can buy as much as you want. It's quite liquid.
You get a bit of alpha risk when buying a blockchain stock but there are similar risks buying a variety of coins too. I don't know if going through the process of buying actual coins is worth anything compared to the simplicity of stock buying.