Great read! I prefer creating an account at an exchange will be the easiest and more profitable way to buy bitcoin.
Thank you for the article! It was a great read! It's awesome that you are offering support here!
As far as I understood it, the best way out there to maximize your profit is through a bitcoin exchange account?
Exchanges are the easiest on boarding route to bitcoin purchase, but not necessarily the cheapest depending on how you buy. Using the trading exchanges like Coinbase Pro, Gemini, Bittrex and Kraken is much cheaper than Coinbase. The investment trusts trade at premiums to the underlying owned coins, and there’s a fee to buy as well as an annual fee quietly charged as an “operating expense ratio.”
You can avoid all of those fees buying bitcoin directly on one of the trading platforms. Still Coinbase fees are much lower than localbitcoins or ATM’s as noted in that article. With crypto trading in more narrow ranges these days, those fees are a more important consideration than they were when bitcoin was soaring to the moon.
As the article notes, Grayscale is a good way to have bitcoin in a retirement account. Be careful doing that, though, given the extreme risk and volatility of bitcoin.
ETF’s will give those interested in bitcoin but concerned about crypto exchanges and the hassles of storing and securing bitcoin an easier way to buy. IF they ever get approved.