Time to stop ignoring Crypto...which trading platform?

ZBZB said:
You can do it in your securities account. GBTC is only at a 2% premium to bitcoin. MSTR is at an 81% premium and looks stronger than bitcoin and has options.
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How do you calculate this premium?
Is it just for stocks that replicate BTC price, or also for highly correlated mining stocks?
Would it make any sense to compare this premiums with mining stocks?
I am long Argo blockchain, LSE, for bitcoin play, seems undervalued compared to its sector. Also have an option play on Riot but I feel this stock is overvalued.

Crypto wise I have a buy and forget paper wallet basket that I built using coinbase and binance, and myetherwallet. I wish I built this at the time I was playing around with anonymous btc-e exchange when bitcoin was a 300$...
 
caroy said:
This week tastyworks added crypto. You can trade Bitcoin, BitcoinCash, Etherium, and Litecoin. Commissions are 1% to enter and 1% to exit but capped at a total of $10. I don't know how this compares to a regular bitcoin exchange. At the moment you can only go long I guess that's how it works but you can enter a fractional amount like .00001 or .25 etc. I haven't plunged into yet but might split a few k into each basket as a long term play. I don't day trade so don't see myself being too active in crypto rather just buy and hold. But I do see there are bitcoin options on one of the exchanges BIvance or something like that. Spreads look horrible but hey maybe buy some straddles and gamma scalp em.
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A "regular" bitcoin exchange should let you transfer the coin to any wallet of your choice. A bit like with stocks Vs CFD.
Binance, kraken, coinbase... You own the code and do what you like with it.
Brokers who offer trading with it, like a CFD, might have their own reserves but you can only trade it like a CFD, no transfers or withdrawal of the coin/token itself.
 
Tradestation crypto ... any suggestions good or bad ?

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cesfx said:
How do you calculate this premium?
Is it just for stocks that replicate BTC price, or also for highly correlated mining stocks?
Would it make any sense to compare this premiums with mining stocks?
I am long Argo blockchain, LSE, for bitcoin play, seems undervalued compared to its sector. Also have an option play on Riot but I feel this stock is overvalued.

Crypto wise I have a buy and forget paper wallet basket that I built using coinbase and binance, and myetherwallet. I wish I built this at the time I was playing around with anonymous btc-e exchange when bitcoin was a 300$...
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You calculate the premium by adding 3 zeros to GBTC and comparing to BTC on Coinbase or any other exchange. Incidentally at the peak in 2017 GBTC got to a 100% premium. It traded at 38 when BTC was 19,000. Back then people were not as aware as how to buy Bitcoin so this was the easy way to do it. Poor fools not only lost when Bitcoin came down they had a double loss when the premium evaporated.
 
zghorner said:
I am convinced that cryptocurrencies will be a big part of our future. I got burned hard in 2017 so have shunned them ever since but at this point I cannot ignore it any longer.

Im not saying I am about to bet the farm on Ether or BTC lol just curious what ET would recommend as the most secure, user friendly interface, etc...platform for trading crypto.

thanks.
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FOMO!!!!!!!!
 
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