BTC Markets is the number 1 exchange in Australia. I have done numerous trades through this site for the last 6 months. My experience has been mostly okay at times, but sometimes I found the processing time for bitcoin/litecoin deposits and withdrawals quite sluggish resulting in the loss of trades on my part. Dec 16, · The Grayscale Bitcoin Trust is intended to fill that gap until the SEC actually approves a bitcoin-based ETF. It's a way for people to get exposure to bitcoin without actually having to buy bitcoinlife24.de: Matthew Frankel, CFP. I was contacted by a bitcoinlife24.de I was contacted by a bitcoinlife24.de representative (Richard Muller) on the 27th June and I was given this rosy story of how I was going to make a lot of money doing online trading with this company and the best line was I didn't have to do anything except invest the minimum amount required which was £ I was so desperate to start a profitable.
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The costs in the premium make it -- I'd stay away. There are few situations where I would recommend buying actual bitcoin, but that's one of them. If it's between that, I'm buying bitcoin. Moser: Yeah. I wonder if it has funds due. I mean, funds make investing more accessible for a lot of folks. Maybe the demand for shares of that fund are higher than the value simply because, like you said, people feel like it's an easier way to actually get hold of the underlying asset without having to actually own the asset.
Most people can't really necessarily got there and buy bitcoin without knowing a thing or two. Frankel: Yeah. I mean, if you look at the ETFs that own gold, for example, they have management fees because it costs money to store, secure things like that.
Frankel: They generally trade at somewhat of a premium to the value of the gold that they own. It's just the costs are kind of, in my mind, outrageous for the Grayscale Bitcoin Trust.
Moser: What's the cost for storing? I mean, I understand the cost involved with hunting for bitcoin, the cost involved for mining for bitcoin. But what's the costs for storing it? Isn't that just memory? Frankel: There's a lot of cybersecurity measures that need to be taken, a lot of equipment that needs to be bought. If you want to keep your bitcoin in cold storage, meaning offline storage, you need somewhere to actually do that. I mean, it's not giant cost, but you need computing equipment.
If you're holding billions of dollars in bitcoin, you need some of the best cybersecurity operations in the world helping out with that. Frankel: Because you don't want that hacked and lost. You don't want that to happen. There's security costs. Like storing gold, you have to pay for the vault to keep it in and stuff like that.
I mean, there are costs associated with it. It's not two percent, and that's why they make a profit. But there is some cost to actually storing and keeping gold. As more investors put their money and they have to buy bitcoin, which there's fees with that due. Investing Best Accounts. Stock Market Basics. Stock Market. But trying to withdraw is impossible. Is there anyone who knows what we can do to get our money back???????
Total scam! They have stolen my money Fake web, fake deals and impossible to withdraw. Please, please keep away from this company. They are slick at ripping you off and have invested in an infrastructure that is believable. Scamming low life that have no regard for anyone. They will tell that they will give you an over the counter deal and then you will see your balance rise and rise.
As soon as I asked for a withdrawal they said I would lose all my money. The following day they put pretend trades up that faked losing my funds. They were unwilling to send any proof whatsoever about who made the trades and why. I hadn't agreed to them trading any open positions. Overview Reviews About. See business transparency. Write a review. Filter by:. Reset filters. They don't even deserve star absolutely… They don't even deserve star absolutely useless.
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