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Originally Posted by indes
What's everyone's thoughts on buying a stock for the currency vs the currency itself?
I don't have a crypto wallet or anything but can easily buy crypto stock with my Interactive broker account, is there any downside?
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Are you referring to the ETF, like BTCC? If so, then yes I believe it’s smart to have some in your TFSA or RRSP so you can avoid capital gains. Otherwise I’d just have Bitcoin on a cold hardware wallet. The saying goes “not your keys, not your coins” which essentially means you don’t own the crypto on an ETF but you have an IOU in a round about way. A good example of this is what happened with Quadriga. But I’m hoping that these companies have better security procedures in place.