Reddit Posts
UK ISA / SIPP - my findings on how to get proper Bitcoin exposure
trading212 restricted from buyin $IBIT. Help a UK stacker
Micro strategy is a great play - but mainly for UK investors....prove me wrong
MEXC (non-KYC exchange) is apparently no longer providing services to the USA
Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report
UK residents, how do you "avoid" paying taxes on crypto gains using legal avenues?
So you work all your life pay taxes save up like a good boy follow all the rules and then get sick and you can’t cash your ISA in as it’s fixed. Even worse you die and the big institutions don’t allow access to your loved ones.
Crypto Stocks vs Cryptocurrency: Which is Better for Tax Efficiency and Gains?
How are we feeling about crypto? Compared to shares it’s not too bad really.
To the parents on this sub, do you invest into crypto for your kids?
The Debate on Crypto Stocks vs Cryptocurrency: Which is the Better Option for Tax Efficiency?
if I'm an 18 year old and have $5k in savings, is BTC a good place to start making an account of money for my future?
Blended Investors: What % of your Investment Portfolio Do You Put Into Crypto? (Moderate Risk Profile)
Crypto withdrawals into Stocks and Shares ISA.
Mentions
I think they're waiting for the Budget. A lot of speculation going on around ISAs at the moment. One which keeps popping up is halving cash ISA allowance. The 1000s of articles "how to prepare for coming market meltdown", "how to protect yourself against Rachel" aren't helping
just nabbed some WXBT in my T212 trading ISA, wish there was a bit more clarity on what happens when they stop qualifying for ISA status though
Enjoy it for 6 months. From April 2026 you won't be allowed to hold these ETNs in an ISA anymore.
So anyone using trading 212 can get BTC in their ISA as of tomorrow?
Not an accountant, but whoever gave you that information is mistaken. Any sale or swap of bitcoin counts as a *disposal* of that bitcoin, irrespective of whether it's left on the exchange. If your total gain is over £3K, you will need to pay capital gains tax on any disposal (£3K is currently the personal tax-free allowance). The only exception would be within an ISA, but we can't currently hold BTC in an ISA (though ETNs were recently given the green light). https://www.gov.uk/guidance/check-if-you-need-to-pay-tax-when-you-sell-cryptoassets
Post is by: ScoutMasterKevinJr and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1o7vmts/im_a_newbie_need_advice/ I’m a UK male aged 25. I was always raised to save money but through stupid decisions I’ve never really been good at it. I’m 25 now and have a stable job, I make okay money and am in a position to get promotions, etc. and I want to start saving and want to make good investments. My parents tell me to invest in a basic ISA, which I’ve looked into but I’m not sure I see the value in that. If I was to look into a stocks and share ISA would that not be more beneficial. But at the same time time would it not be better to learn the stock market and crypto market and invest it myself. I’m saying this with no understanding of it. Hence why I’m asking for advice. Thanks in advance *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Too wishy washy - If I’m going to taxed CGT on actual bitcoin without any protections/at my own risk, then I expect to be protected for an ETN within an ISA.
I predict that HL will lose huge market share to Robin Hood and the likes. Just look at the HL app, it looks like it has been designed for 60 years olds, terrible compared to the others. It reminds me of how bad my Barclays banking app was compared to Monzo when that first came out. I will keep stacking BTC and hold DATs in my ISA.
Thank you, will consider opening an ISA with T212 for this purpose.
It’s ETNs, but yes you will be able to buy through your S&S ISA
The FCA don't allow it in an ISA wrapper so that means nowhere does. For me it's MSTR now or wait till ETFs are available.
Do they allow it within an ISA wrapper?
ETNs are terrible. Also, ISA has very small yearly limits for many investors. Emigrating is part of the financial plan of many. Do not, not the end of self custody, but I agree it may be a better option for those with more modest portfolios looking at allocating a percentage of it to bitcoin
yes I believe they are included in the ISA Allowance. I've not looked in depth but it seems to be P2P lending and raising bonds etc. Here's a summary with a few services mentioned at the end [https://www.money.co.uk/savings-accounts/what-is-an-innovative-finance-isa](https://www.money.co.uk/savings-accounts/what-is-an-innovative-finance-isa)
Where can we find more info on IFISA's? I've not heard of them before. I'm assuming they do contribute towards your ISA Allowance?
Well at least there's nothing to confiscate as you don't hold any Bitcoin in an ETN nor will you ever get any Bitcoin from an ETN. Different tax treatment, definitely. It's not clear if you can simply transfer or if you have to start from scratch or what happens if it's still in the ISA etc. This is all still up in the air There are probably a lot of tax announcements coming next month. If you believe mainstream media who keep writing frightening articles, pensions, savings etc seem to be the main target for "filling the fiscal hole". No-one's acting in our best interests. It's all mad out there
I'm just quoting from the moneyweek article: *MoneyWeek* has asked HMRC for confirmation on whether crypto ETNs that are purchased in a stocks and shares ISA before 6 April, 2026 can continue to be held in one after that date *"The government will keep the inclusion of cETNs in tax-advantaged accounts under review with a view to including them in the stocks and shares ISA at a later date as the market matures and as consumer understanding deepens."*
From Oct 2025 you can hold Bitcoin ETNs in a stocks & shares ISA. From Apr 2026 they’ll automatically count as IFISA investments instead. You keep the tax-free status — nothing gets sold. It’s just a reclassification, not a removal
Same here, I wouldn't mind having half in my ISA and half in self custody
yes, Rachel from accounts is hunting around to see what else she can take. UK financials are very cautious and move at a glacial place, but yeah in an ISA and/SIPP would be very welcome.
Yup, option to hold within an ISA is the big change I've been hoping for. My ISA already includes some MSTR, GLXY, & DAGB, but a 1:1 backed ETN could be a game changer. Much as I love self-custody, the thought of the tax bill I'd be hit with if I ever needed to raise some capital is always in the back of my mind.
Gold and silver are my BTC. I can’t get direct exposure to BTC ETFs in a UK ISA, and I don’t want to be paying CGT if I don’t have to.
If you're in the UK, you might also be aware that in a few days we're finally getting access to something akin to the bitcoin ETFs, which ought to be available within a tax-advantaged wrapper like an ISA, bypassing CGT: https://moneyweek.com/investments/bitcoin-crypto/which-platforms-offer-crypto-etns Much as I generally prefer self-custody, the thought of holding some in a tax-exempt wrapper too is awfully appealing. Just something to consider.
For me it's not about buying BTC, it's about where to put my savings for a rainy day. In my current account it's guaranteed to go down in value. In an ISA it's guaranteed to go up a fixed amount (may or may not be higher than inflation) In Trading 212 it's about lucky stocks. In BTC it just sits there and I don't have to think much about it. In Math we Trust.
There are *dozens* of bitcoin proxies besides MSTR, e.g. check out the list at https://bitcointreasuries.net/ I'm in the UK, and can't (yet) hold the ETFs or BTC itself in a tax-advantaged wrapper (ISA). I *can* use such a wrapper for equities, so I hold some MSTR, GLXY, & DAGB (DAGB is basically an index of "BTC-adjacent" US equities. Apparently ETNs are due to be available soon too, but until then I'll make do with proxies in my ISA, with the bulk of my savings in regular BTC (self-custody). BTC correlation for each: https://portfolioslab.com/tools/stock-comparison/MSTR/BTC-USD https://portfolioslab.com/tools/stock-comparison/GLXY.TO/BTC-USD https://portfolioslab.com/tools/stock-comparison/DAGB.L/BTC-USD
Even if the ISA is what people will talk about, that isn't the most important thing. The most important thing is giving access to entities that outright can't hold directly, and also creating pressure from big money for better tax treatment. ETN backed 1:1 is good regardless, even if not directly for me.
If I can buy an ETN in my ISA I will, and if ETFs are available I'll switch to that (unless the expense ratio is higher)
They will likely be allowed. Why..... Because the government likely think that a fall is more likely than huge gains. If held in an ISA you can't claim back losses against your tax bill. Out of an ISA you could.
It would seem more likely than not. In the past AIM stocks were not allowed in an ISA, but that changed a few years back.
It's assumed that you will be able to buy in an ISA, but knowing the UK government they're probably shaft is like that
It (MSTR) trades at a huge premium over the value of its Bitcoin holdings. That's one very risky and expensive way of gaining access to Bitcoin exposure. Wait for the ETN, apparently due in a week or two (8th of October?). To buy them you will have to evidence that you are an "informed investor". Do you have a pulse. They may or may not be able to be held in an ISA (not heard any confirmation on this or not).
Really I asked perplexity and gemini And neither could tell me when I can buy ibit in h l or IBKR ISA If you could share I would be most grateful 🙏
80% in BTC, 20% in stocks and shares ISA. I still like having exposure to stocks as a) it's nice to invest in companies that do / produce things you want to increase in the world (at good valuations) and b) nice mentally to not have all eggs in one basket, although I do think Bitcoin will succeed, still nice mentally. I think it has been significantly spread out now however, I am concerned that BlackRock's IBIT is somewhat centralising it. I would rather the spread that has occurred be directly into BTC but I can understand some demographics simply wouldn't have done so if it wasn't for IBIT, so double-edged sword.
I do hold.some bitcoin but having some bitcoin etf in an ISA would make the gains tax exempt
One reason for me personally investing in the ETF is to avoid CGT via a tax free ISA. But I am accumulating in cold storage for the long term.
Yeah, I'm pissed off as £12k would be very useful to me but £3k is just crazy, considering we can't put it in a protected ISA like you can with shares.
Just because it will be an ETN does not mean it will be allowed in an ISA. I think it highly unlikely that it will be allowed, given the risk profile.
tldr; Ethereum co-founder Vitalik Buterin has introduced the LeanVM proposal, a minimal zkVM designed to enhance Ethereum's scalability, decentralization, and resilience. LeanVM focuses on XMSS aggregation, recursion, and a simplified four-instruction ISA, incorporating multilinear STARKs and logup lookups to reduce commitment costs. Buterin praised the Ethereum development team's progress and expects these innovations to align with the network's short-term scaling roadmap, advancing its long-term goals. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
My links are in addition to u/infernal_celery ‘s answer above which answer’s your original question. My links are intended to point you in the right direction for what you would actually need to do legally, rather than registering with the FCA, which you do not need to do. An ISA is a tax efficient way to save and invest, helping to avoid capital gains tax is your investment grows. https://www.gov.uk/individual-savings-accounts I think you are asking overall the wrong question though. Instead, you should be asking “what are the different options to get exposure to Bitcoin as a person living in the UK? What are their tax implications for each approach?” My advice to you: Stop focusing on registering with the FCA, you are not a business acting as a financial institution. Start with ChatGPT and bounce some ideas off it to learn the process of buying bitcoin and doing so in the most tax efficient way in the UK. If your situation is quite complex, you may need professional advice. If you have Revolut, it’s pretty simple to buy in the app, albeit not the most cost effective, and you’ll owe taxes if you make a profit in the long run. It sounds a lot like you’re at the beginning of your investing journey, in which case, I would certainly recommend the UK Personal Finance flowchart here: https://ukpersonal.finance/flowchart/
"Good call on the ISA, this could provide great long term protection from taxes if not already fully used." what are you suggesting - I need to do extra stuff with the FCA website? or that something strike website - should be OK without the FCA website? do , - Im not sure those 2 links you just shared are going to directly answer my question above- but maybe worth I try to study/read still?
All correct and answers the misconceptions. Good call on the ISA, this could provide great long term protection from taxes if not already fully used. OP, it may also be worth reviewing HMRC regarding tax guidance for selling bitcoin. Know what you are getting into before buying: https://www.gov.uk/government/collections/cryptoassets This is the official government documentation regarding what you would need to provide to the providers (exchanges) for buying/exchanging crypto. https://www.gov.uk/guidance/information-youll-need-to-give-to-uk-cryptoasset-service-providers
There’s a lot of confused ideas in your post: 1. The Financial Conduct Authority regulates business, not retail investors. It is in theory there to make sure these businesses meet minimum standards and don’t screw their customers over. Sometimes they are successful in this goal. 2. An ETN is an Exchange Traded Note. This is a securitised product purportedly backed by or whose value is tied to an asset, in this case crypto. To buy these, you need an account provided by an FCA regulated provider. The FCA has until now banned UK providers from letting UK customers buy crypto ETNs. This is important for things like tax-advantaged pensions and ISA accounts, but if you just want to buy Bitcoin directly then you probably wouldn’t buy one. Most people who own Bitcoin in the UK would just buy it and not buy an ETN, but if you have an ISA for tax efficiency you may be able to buy Bitcoin ETNs with it in future. You won’t be part of the peer-to-peer money system with a ETN, but you will at least get “money go up” with protection from taxes. 3. A business that isn’t regulated in the UK can sell you Bitcoin, but if it isn’t in some way registered or regulated by the FCA it can’t approach you - say, with an advert. You must approach them. Like that girl you fancied in school, an unregulated/ unregistered exchange can’t make the first move to an UK customer. This actually gets technical at a legal level so some exchanges will just tell you they aren’t going to sell to you if they are not FCA registered. 4. Many exchanges are now registered or regulated in the UK, and they get that registration or licence from the FCA. In theory you as a retail buyer should be more comfortable with exchanges that the FCA registers. In practice, if you take self custody straight after buying like a good hodler, there isn’t much difference as long as the exchange has a good reputation. 5. u/Born-Ad4452 assumed you were more informed about how financial services work, that is why they wrote what they did. They are completely correct, they just didn’t realise that you needed a lot more background knowledge. Be kind.
I say put 6k to bitcoin and keep 2 into stocks ISA and 2 for a holiday somewhere I always wanted
"Sadly the ETFs aren't (yet) available through a tax-exempt wrapper (ISA) in the UK." oh right well then you answered his question **Bitcoin exchange-traded notes (ETNs)** are financial instruments that allow investors to gain exposure to Bitcoin's price movements without directly holding the cryptocurrency. I'd much prefer the actual ETFs as a tax-exempt option' - but I can't aren't avaliable in the UK above you wrote, so what's the next best thing for a person in UK?
Sadly the ETFs aren't (yet) available through a tax-exempt wrapper (ISA) in the UK. ET**N**s were recently approved though and may become available from next month: https://www.fca.org.uk/news/press-releases/fca-opens-retail-access-crypto-etns https://moneyweek.com/investments/bitcoin-crypto/crypto-etns-approved-for-uk-retail-investors I'd much prefer the actual ETFs as a tax-exempt option, but I guess an ETN is the closest we'll get for now, though we do also have the likes of MSTR & similar which can be held in an ISA. In any case, most of my holdings will have to stay in self-custody, and I'll have to worry about tax if/when the time comes, much as it pains me.
BTC has no need to go to millions, but there's also no reason it can't, shouldn't or won't. I think it will but that does not mean it's guaranteed. Personally I understand why people go all into BTC but I'm happy with my allocation, personally I still invest into traditional investments (ISA tax free account in UK, can't invest into crypto)
Be prepared for your investment to go down in the short term if you aren't willing to manage it by buying and selling to accumulate. If you just want long term, pick some ISO20022 tokens, and start there. Also, don't think it's going to make you a millionaire, or that you'll retire at 35. You'll only get disappointed. Some others advised divesting into our investments, like stocks, even an ISA is a good bet if you can get one where you are. Key is, don't get too exposed by betting thr house on one thing. Be prepared to lose too.
Agreed. I started in 2021 and put everything, and I mean every spare penny I had, into bitcoin. I lived on a student budget at the time and wasn’t even working, so it was a big risk. Once I graduated and got a job I started buying company stock and putting more and more money into an S&S ISA (tax free investment account in the U.K.). I still have all of my bitcoin, but man it feels good to have an emergency fund and a growing pool of other investments as well. Now if shit hits the fan, Bitcoin can be my last resort, not the only resort.
I'm actually in a similar position myself. I was made redundant recently and my last day is in a couple of weeks. Personally, I'm not sure I really want to jump into another job, so I'm leaning towards starting my own business. I'm a bit older and worked my current job for a long time so I'm due a decent severance package, which I could maybe stretch out for a year if I live frugally. My mortgage is also paid off, so my outgoings are pretty modest. I also have a few years of living expenses in an ISA (UK equivalent to Roth IRA in US?), and a modest private pension which I'm still a long way from being able to access. I have a decent BTC stack (first bought in 2013) which was intended to be my retirement fund, but it looks like I may need to access it earlier than planned. I certainly won't be selling my entire stack, but I may be forced to dip into it. I'm afraid I don't have any simple answers, but just wanted to say I feel your pain.
Can't buy bitcoin in my ISA (UK tax advantage account). If you have a better proxy for pure btc exposure I'd love to hear it.
In 2013 a very expensive Financial advisor told me not to buy BTC and instead invest in property and ISA... I ignored him and bought BTC...
I'm in the UK, and we're currently unable to hold BTC or the ETFs in a tax-exempt wrapper (ISA), but I can hold equities like MSTR. I'm therefore * 76% BTC in cold storage * 17% global index funds (tax-exempt ISA) * 7% MSTR/GLXY/DAGB (tax-exempt ISA) BTC ETNs were recently approved for retail though, so that balance may change if they become available within an ISA.
In Europe we don't even have all those options for our savings lol I started in 2021, in November I graduate the BTC university (you hold btc for 4 years DCAing any amount you want), so far I doubled my money, I sold some at 11900£ last month from an old order left open just in case, just to put it back again at a lower price recently still though DCAing more money than usual. Avarage price I bought BTC at: 42k£. On the side I have my years of contributions, a government pension, a work pension scheme and I have an ISA for first time home buyer. This is not financial advice, just my experience as a total noob in almost 4 years of relatively low effort and low stakes, I just want to retire in my 50s, I have about 20 years, I see btc as the thing that makes that goal possible.
Don't forget your company is a separate entity to you. In order to change the ownership of your personal BTC to your company, the transfer would be considered a taxable event (for CGT). Also, bear in mind the BTC within the company will be classed as an intangible asset and any profits will be subject to corporation tax. From a tax POV, it would likely be better to hold a spot ETF within an ISA or SIPP, than putting it in the company.
Nope. Up to HMRC now. That should take another 5 years. *direct investment in Bitcoin ETNs within a Stocks and Shares ISA is not permitted under current HMRC guidance, as these products are not classified as UK UCITS or recognised UCITS funds* *Although some ETNs are physically backed by cryptocurrencies, they do not meet the UCITS framework's requirements, particularly the diversification principles that prevent a UCITS fund from having only one constituent*
If you want a more nuanced answer, and you are thinking of buying Bitcoin. Look into 3/5 multisig options and insurance companies. Security is still being figured out but it is without a doubt the most important consideration. You should also properly max out your ISA into Strategy or other good treasury companie .
So Microstrategy is generally targetting restricted investors. These are investors that can buy the stock, but can't buy Crypto directly or on even terms. As a retail example, here in the UK we have a tax free investment account called an ISA. Any gains made in that account are tax free. However you can't buy Crypto with it, but you can buy Microstrategy. Normal Crypto gains in the UK are taxable. With larger investors, he is using slightly different products like convertible bonds and preferred shares to target pensions funds and other large investors that can't directly invest in Crypto for either legal or mandate reasons. However they can buy stock to get Crypto exposure.
Depends. I followed a 10% crypto / 90% stock split around your age because it was more likely to lead to reasonable profit. the risk of course is crypto is a hyper volatile asset (and at the time, was even more so, being a relatively new untested tech. Generally speaking the younger you are the more risk you can afford to take, as you have longer to earn back losses. The question you should ask yourself is not what asset will give the most gains - what's your pain tolerance? Will you hold a project you believe in 70%+ drawdown? Is it even smart too? If you are UK based, keep in mind you have 20k a year to stick into an ISA for stocks, and if you don't lose that cap you lose it. Gains tax free. Crypto has higher upside, but you are paying capital gains on it. And a bastardr to track. Good luck.
She wants us to start investing, yet doesn't let us out the best performing asset in history into our ISA 🤷
Amazingly she was talking about slashing cash ISA’s to encourage people to start investing in stocks. This woman hasn’t got a clue about investing. She’s got paper hands and lied on CV. Nothing but a customer service manager who blagged her way to the top 😂 Labour are a joke.
In the UK we have the stocks and shares ISA which means we can invest £20k tax free. Crypto gains are taxed at 18% - 24%. I decided to buy coinbase shares in my ISA tax free and have loading up since $40 a share. Apart from this I also hold some strong bluechip stocks to keep my portfolio at least a bit diversified.
Well for one you don’t take advantage of an ISA account by going directly into bitcoin. And if we are talking decades then the tax you would pay in 20 years would be a very large. Also some people are interested in btc as an investment due to its growth potential and don’t see it as a world changing thing like most people in this Reddit. Finally ETFs are regulated by the FCA in the UK whilst direct crypto investments are not.
The govt may not want you to buy bitcoin but they definitely want you to buy shares and no, the Stocks and Shares ISA limit is not going to be reduced any time soon. It's the Cash ISA limit that may get the axe in the foreseeable (though not immediate) future.
I have 6 months Salary in Fiat... (Basically a maxed out tax free ISA) 5 1oz krugerrand's (Family heirlooms and mostly sentimental, bought my first one at 14 from selling sweets in school for £300). Everything else is either in my house which I will rent out once inflation on rent out prices my mortgage and I'll move into a van or it is in BTC. With everything combined I'm probably 80% BTC since my home equity is a chunk of that 20%. No pension. No stocks and shares. I don't believe in S&S because under BTC adoption number always go up economy stabilises asset values so If you believe in BTC you're naturally anti stock market. If you disagree I'd love to hear the logic on that.
Life assurance products don't attract tax. Similarly to how you could put your VTC in an ISA wrapper , there are products that's that allow you to put your BTC in a life insurance wrapper.
This is exactly why I bought some MSTR through my ISA as well as having actual SATs
Tax compliance rules up the ass but god forbid we can buy a bitcoin ETF in an ISA anytime soon.
Okay but the price is what needs to go up for me to not be a bag holder it’s been static throughout a period where BTC hit 100k+ multiple times… what’s the point in investing into the coin? Nobody is here investing their money to get less return than a standard ISA
Putting money into crypto instead of my ISA or Pension.
Are any of these available in the UK via ISA?
I can keep strategy in my ISA and avoid any capital gains
Research STRK & STRF that have been developed by Strategy (MSTR). STRK has an 8% dividend and can be bought in an ISA or SIPP through platforms like AJ Bell. Maybe as an alternative to a property?
nope exposure is very limited here. Closest you can get is adding a BTC treasury stock such as MSTR etc in an ISA/Sipp. UK govt have no truck with cryptocurrencies except to tax us, no breaks or concessions at all. CGT allowance also dropped to £3000 this year.
First rule in crypto is only invest money you’re willing to lose. It’s the most risky asset class there is because it runs purely on hype, speculation and market manipulation. You’re not ‘investing’ in crypto, you’re gambling. You’re better off DCAing a bit of money into Bitcoin every month and some into an index fund so you can take advantage of your tax free ISA allowance.
In the UK you can’t hold bitcoin in ISA so it will be taxed when you eventually sell.
I bought in this morning too, im from UK and have MSTR in my ISA, I also have IBIT on a cash account on tastytrade
Not OP but I have been acquiring BTC since \~2017, have never sold any (excl. some 'market' activity). Selling would be a little problematic due to tax reasons, not even sure how I would work out cost avg. So I picked up some MSTR (cannot buy crypto deriv in UK) in a tax free ISA so I have at some point something I could sell without worrying about tax if I wanted to.
Your friend should probably seek advice from an accountant. That said... If you want to trade BTC without paying taxes I think your best bet would be to get exposure through a S&S ISA. Sadly in the UK we are not allowed to trade in crypto derivatives (no ETFs) but companies like MSTR can mirror BTC movement due to heavy company investment in BTC. This of course comes with it's own risks which you should research yourself
Given that bills can't be paid with BTC its not feasible to be realistically "all in". I have my tax free ISA maxed because having access to liquid at a decent interest rate is handy in an emergency. I usually go for whatever the best fixed account is that allows a few withdrawals a year without hurting the interest rate. I usually try to keep a months salary ahead of myself. Plenty of credit if I need to make a purchase before the end of the month for whatever reason. I also take profits every year to the tune of the tax free capital gains allowance... Which is now less in the UK after being slashed y.o.y... I usually buy gold with this. Gold is for a couple of reasons, again in an emergency its more liquid than BTC, if the grid goes down in a real global disaster, you don't need a lot of it to have some purchasing power. 1oz krugerrand is a months salary. My family have been invested in gold for centuries so it was instilled in me young. I bought my first ever krugerrand at 13 from selling sweets in school for around £350. I still have that to this day. Beyond that I am all in on BTC, no workplace pension to speak of (opted out of that a long time ago, as well as being self employed through my early 20's). I don't invest in S&S because most of it is just lining the pockets of the already super elite and wealthy rent seekers and I disagree with a world that allows corporations to grow that large and powerful with no repercussion, I do not wish to support that. My allocation is probably around 60/30/10 BTC, Gold, Fiat. This is constantly in flux of course. I don't count my house as an investment because I think classing residential real estate as an investment is one of the social constructs that has lead to multiple housing crisis and is why we have millennials still living with their parents whilst corporate real estate raiders hoard property that could be used to house people. Not just that but a large part of the building industry in the UK is developers building directly for real estate funds, the properties never go to public sale... They're not just hoarding the property at this point but also the infrastructure used to build property. My home is exactly that, its my home, I couldn't care less I want that peace to be as far away from the stress of fiscal strategy as possible.
Somehow i don't see that happening it would be great to be able btc etn in ISA lol
Thanks. Here in the UK the funds grow tax free within a pension fund (from pre-tax money, pargely), but withdrawals are 25% tax free and 75% taxed as income. The ISA ( I think this might be the 401k) also grow tax free within the fund and no tax when you get money out, but you put in money you have already paid tax on.
I will give you numbers not in order to "flex", but because some expert below insinuates I am not prudent with my leverage. I have four accounts: a SIPP (pension fund, not leveraged). An ISA (this is a fund where you put taxed money and which grows tax free), also unleveraged. An account in Germany with Consors, almost unleveraged, and an account in Luxembourg with Swissquote Luxembourg, leveraged. The last two allow me to have a line of credit based on the assets that are there. Between the two of them, I have a substantial amount, but again the Consors one is kept almost without debt, as it is my "Fort Knox" reserve. The Swissquote is where the fun happens: they give you a line of credit and they make you choose in which currency you want your debt. I have most of it in CHF as I can very well live with the currency risk, but in the end Bitcoin has "no currency", is not a USD risk, and I earn in GBP. They have different risk approaches. Consors works with fixed amounts, or at least they did so the last time I bothered to check; so you need to have, IIRC, EUR300k if you have EUR200k of debt as a very minimum or they will give you one month to restore the balance of 3 to 2. They lend you a max of 50% though (so you would have EUR400k total in order to be able to borrow EUR 200, and nothing would happen until the funds go below EUR300k. I have EUR650k on that with around EUR25k debt, and I'll keep it that way. Swissquote is different as they don't have fixed amounts, they look at the volatility of your portfolio to gauge the risk, and adjust it accordingly. At any given time, they tell you "you can borrow additional X". If the market goes down, this "x" progressively becomes smaller. If it gets below zero, it means that you have to sell something or reintegrate your funds, putting more money in. I think they give you a month, they certainly give you sufficient time, it's not a margin account. With me the "buffer" never got below zero, but last time, when it got below EUR100k I made some sensible adjustments, selling something and buying other stuff on the cheap, also realising losses for tax purposes. But I also have the "reserve" of the money I can take from the other (Consors) account, where I could prudently transfer EUR150k on the Swissquote account in two days and still not have to sell anything until my EUR650k become 175x1.5 = EUR262.5K. So I use Swissquote as my "operating" account, where I really use the line of credit, because I can pay the cheap CHF interest rate and because I like the interface much more, it's also cheaper if you buy directly in the US markets (Consors is good with their realtime brokers, though). The Consors account's line of credit is basically unused, and kept as my "strategic reserve". That is only in EUR, they charge around 6.5% a year again last time I looked. I hope this helps to explain the mechanism. It is not a margin account, and you can modulate the risk at your pleasure.
No dramas, goals to fund a property circa 500k-850k through BTC after long term hold of 10-15 years if not more. Income - 1k disposable income to invest each month Risk - Medium First time investing in BTC but ive done solid amount of research and believe it in pretty heavily. Current investments - Stocks & Shares ISA at 5k GBP
Which BTC ETF can you buy in UK ISA?
That’s one way. For me (in the uk) I use a stocks and shares ISA.
How else can I get crypto into my ISA?
.. only in an ISA (£20k max contributions per year) or a SIPP pension.
my ISA did a 400% because of microstrat. shut up
Too simplistic and offensive language too - nice guy. As others have said a Stocks & Shares ISA in the UK, or a SIPP pension doesn't allow buying of bitcoin directly. With the tax breaks it's actually a pretty smart way to get BTC exposure
In my country you can’t buy those, so a proxy through a S&S ISA is the only way to get tax free exposure to BTC.
If you had £100-£1,000 disposable income for investment how much would you put in BTC? I'm currently not invested but want to go all in alongside topping up my ISA monthly as normal
Just reading a post on an another regular sub (not a crypto one). The OP asked how much people are managing to save and put away each month. It surprised me how much normal people were investing in traditional work pensions and saving accounts with banks, ISA’s etc. literally hundreds or thousands a month some of them. We are very early over here….
If you're fine knowing you don't really own any coins, the exposed via ETF is the next best thing i guess. Tax free in an ISA has it's benefits. Not for me though luckily I'm quite technical so hardware wallets etc is my preference.
Do understand that BTC is only hoarded by ISA and a few other nation mostly a total of 10-20 nations out if 180....and also with decreasing power of USA and new thirld world powers like India,China..until majority starts using BTC, there no use of it....