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▶️ What’s The Best Way To Invest In Crypto? | EP#442 by scottcbusiness

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· @scottcbusiness · (edited)
$11.37
▶️ What’s The Best Way To Invest In Crypto? | EP#442
<center>

[![](https://img.3speakcontent.online/bhwlcjgt/thumbnails/default.png)](https://3speak.tv/watch?v=scottcbusiness/bhwlcjgt)

▶️ [Watch on 3Speak](https://3speak.tv/watch?v=scottcbusiness/bhwlcjgt)

</center>

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The 3 mainstream ways to invest in crypto are: directly, via an exchange or payment processor that holds it for you, or via the stock market through an ETF or trust. Let’s go through the pros and cons of each!

Video Timestamps:
00:00 Intro
01:50 Crypto Exchange
03:55 Buy Pseudo Crypto 
06:50 Crypto Stock Investing
11:00 Conclusion
14:30 Stock Market Limitations
16:25 Outro

Direct Crypto Investing 
•	Is the safest given you also withdraw your crypto, 
•	Incurs the most fees and your gains will be fully taxed
•	You can trade anytime and buy any amount
•	If you withdraw to a wallet and follow all good practices, this will be more challenging and require more responsibility, but will be more rewarding
•	Can be done as easily as other methods if good practices aren’t followed – ease of use is a choice

Fiat Stock Exchange Or Payment Processor (Paypal or Wealthsimple)
•	You will be taxed fully
•	Little to no security and lack of insurance
•	You also lack the freedom to use your cryptocurrency as you wish. 
•	You can trade anytime and buy any amount
•	It’s the easiest to do
•	It’s the most unsafe way to trade with the least benefits

Crypto Stock Investing
•	Investing in a crypto ETF or trust gives you direct exposure to crypto, but can be done within a retirement account or a tax-free savings account to avoid taxation and fees while still having insurance over your stocks
•	This is the safest way to trade
•	You can only trade during stock trading hours and can only buy whole stocks depending on what country you live in and the exchange you use (in Canada, you cannot).
•	Note that I personally feel an ETF is much more reliable than a trust and would opt into investing in a Bitcoin ETF over a Bitcoin trust for example
You can also trade peer to peer and many other ways, but this is really only meant to cover what new crypto investors and beginners would actually get into. That’s also somewhat covered in the direct crypto investing method.

Did I miss anything? How do you like to invest in cryptocurrency? What’s your favorite exchanges to use? Let me know what you think about this in the comments below and don’t forget to subscribe!

This is a LBRY first video meaning it shows up on LBRY before it gets published anywhere else. If you’re not on LBRY, sign up and get started here: https://odysee.com/$/invite/@ScottCBusiness:4
Check this video out on LBRY to support me with monetization and no ads: https://odysee.com/@ScottCBusiness:4/Crypto-Investing-Methods:c

*Disclaimer: This is not financial advice and is purely for entertainment purposes. What you see, hear, or read is my personal opinion, and any statements made are based on my views and should not be misconstrued as fact. My crypto portfolio may or may not be simulated*

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vote details (137)
@hivebuzz ·
<center>[![](https://images.hive.blog/175x175/http://hivebuzz.me/@scottcbusiness/level.png?202105270913)](https://hivebuzz.me/@scottcbusiness)
<center>@scottcbusiness, sorry to see you have less Hive Power.
Your level lowered and you are now a **Red Fish**!</center>

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@theanalystjohn ·
I had not seen you before colleague, what good content you do. Best regards!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@theanalystjohn/re-scottcbusiness-4rcqpp)
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@scottcbusiness ·
Welcome! I try to post regularly :)
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