{"id":3908,"date":"2021-03-14T16:53:54","date_gmt":"2021-03-14T16:53:54","guid":{"rendered":"https:\/\/afluxcoin.com\/53\/crypto-for-canadians-101-lecture-1%e2%80%8a-%e2%80%8astarting-a-position\/"},"modified":"2021-03-14T16:53:54","modified_gmt":"2021-03-14T16:53:54","slug":"crypto-for-canadians-101-lecture-1%e2%80%8a-%e2%80%8astarting-a-position","status":"publish","type":"post","link":"https:\/\/afluxcoin.com\/zh\/53\/crypto-for-canadians-101-lecture-1%e2%80%8a-%e2%80%8astarting-a-position\/","title":{"rendered":"Crypto for Canadians 101: Lecture 1\u200a\u2014\u200aStarting a Position"},"content":{"rendered":"

The most common statement I hear about cryptocurrency, even to this day:\u201cI want to invest, but I don\u2019t know where to start.\u201dLucky for you, today, the options are aplenty. In this post, I will detail many different ways you can get exposure to Bitcoin and Ethereum. I will lay out some pros and cons of each method and tell you about my personal experiences.My goal is to make you more comfortable when investing in crypto. You are by no means guaranteed to make money, but at least you will understand your options and pick the ones that best suit your needs.These are quite new in the world of crypto, but they were a long time coming.For those with experience buying and selling equities in their TFSA, RRSP, or any other trading account, you will likely understand what an ETF is. If you do not, here is a resource to get you started.Crypto ETFs are probably the easiest way to get exposure to assets like Bitcoin and Ethereum. For starters, you won\u2019t have to worry about setting up an account on a brand new exchange, as you probably already have a trading account. If you don\u2019t have a TFSA, I would recommend you go open one right now!There are currently two types of crypto ETFs that exist today:Closed-ended funds (QBTC, BTCG, QETH)3iQ\u2019s QBTC was the first of its kind to market. With an annual management fee of 1.95% (which is now is considered expensive), it offered the very first way for Canadians to add Bitcoin exposure into their registered savings accounts.Gemini is QBTC\u2019s custodian, meaning that all Bitcoin owned by the fund is held in Gemini\u2019s Trust \u2014 making the Bitcoin very secure.In essence, by purchasing a share of QBTC, you are purchasing a fraction of the Bitcoin that the fund\u2026<\/p>","protected":false},"excerpt":{"rendered":"

The most common statement I hear about cryptocurrency, even to this day:\u201cI want to invest, but I don\u2019t know where to start.\u201dLucky for you, today, the [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/3908"}],"collection":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/comments?post=3908"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/3908\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/media?parent=3908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/categories?post=3908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/tags?post=3908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}