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
Personally, I plan to HODL long term. I'm thinking another 10 years. I'll see where we are then. You might want to check your ISA rules. I believe if you're holding actual BTC, ISA's aren't eligible after April, and you won't get the same benefits as you do currently. I held IB1T on T212 too and sold around Christmas time. I think T212 will just automatically cash in the value and you have to open an IFISA instead. I am still considering IB1T again though. Keep what I have in cold storage, and let T212 manage my keys. Against the BTC ethos, I know, but I want to cover all bases. I do think MSTR is worth having too - though I haven't got any currently. When I did have some MSTR, I held a few others too that performed well whilst BTC was around ATH - check out GLXY, HIVE, RIOT and MARA. I simplified my stocks into an All World ETF and a few individuals with small allocations, but I am thinking of lump buying some of the above again. When BTC rips, BTC-related stocks rip more (though they drop more than BTC drops too).
Hopefully when we sell, even if we are in theory taxed on all the holdings, if the gains are that good over a long period, I won't care! Also holding MSTR, all being well and ISA rules don't change too much, I may never have to sell raw BTC!
No as I said I’m in for a long game, and definitely not messing with a taxman. I also have SMTR in stock ISA that’s where I can invest 20k per year tax free on profits.
They all have to go to IFISAs but not all platforms support IFISAs. For example, **T**rading 212 does not offer IFISAs, so they will **automatically sell** any crypto ETNs in your ISA on or before April 6, 2026. The proceeds will remain in your ISA as cash, preserving your tax-free allowance
They all have to go to IFISAs but not all platforms support IFISAs. For example, **T**rading 212 does not offer IFISAs, so they will **automatically sell** any crypto ETNs in your ISA on or before April 6, 2026. The proceeds will remain in your ISA as cash, preserving your tax-free allowance
Thanks for this, I have a decent amount of IBIT in trading 212 ISA already. I have looked into the new updates for this, and apparently most likely scenario will be that purchases of IBIT in S&S ISA will be able to be grandfathered/remain, but new IBIT buys will have to be under the IFISA. Trading 212 have confirmed that a forced sell is unlikely at this point, but even just this BS makes the whole 'not your keys not your coins' saying more true lmao.
From **6 April 2026**, crypto ETNs held in Stocks & Shares ISAs will be reclassified as **Innovative Finance ISA (IFISA)** investments. This change may affect platform availability, and some platforms may not support IFISAs, potentially forcing investors to sell or transfer holding If you're considering crypto exposure in an ISA, cETNs from providers like 21Shares, WisdomTree, or ETC Group are currently the only eligible options. IBIT remains excluded from UK ISAs due to regulatory incompatibility
I basically just use premium bonds as a convenient tax-free place to store funds while waiting for the ISA limit to reset. Sure, the effective interest rate isn't great, but any winnings are exempt from tax, and every month I get a little thrill when I check for prizes. The main reason is that I *hate* paperwork, so I'd rather avoid the hassle of filing a tax return if I can avoid it. Unfortunately we have precious few tax-free options open to us - ISA, premium bonds, SIPP? (exempt from CGT, but not income tax as I recall, plus no easy access). All the other obvious options (savings account, GIA, etc.) would be subject to either CGT or income tax (or both), at least above some threshold.
Thanks a lot for the detailed response, I'll definitely want to look into any relevant rules and find out any tax implications I should be aware of first, so it helps knowing where to start on that. We're currently saving about £1500 per month, but a large part of this goes into multiple 5-7% regular savers, and the rest into All-World funds. Can I ask more about your preference for using premium bonds before transferring into an ISA? I didn't think the average interest rate was particularly high for premium bonds, so it's not something I really looked into. I'd be interested to know if there's something I've overlooked. I was considering putting any spare amounts at the end of every month into Bitcoin, but was concerned if I ever decided to withdraw a lump sum in later years that I might have trouble using it as funds towards a house deposit, as I imagine it gets flagged as an AML risk. Thanks again
If diversification is important, bitcoin ought to play a role, but it needs to be long term. I'd suggest 4 years minimum, but preferably a lot longer. I was recently made redundant, but when I had a steady paycheck, my plan was: * Every payday I'd set aside £2K per month which went straight into premium bonds (tax-free) * Every April I'd withdraw £20K from PBs to max out my S&S ISA (also mainly all-world funds) * No SIPP, but a certain % of my paycheck went into my workplace pension * Spare cash at the end of each month went into bitcoin, with buys spread out over the month to make bigger buys during dips As it turned out, bitcoin outperformed both the ISA and pension, even after accounting for CGT, so it now forms the majority of my investments (even after the recent dip). I'd suggest checking the rules for holding bitcoin ETNs in an ISA too. They were recently changed so although we can now hold the ETNs in a S&S ISA, it's only allowed for a limited period before it needs to be moved to an "innovative finance" ISA instead, which seems a little pointless.
Do you have allocation in other assets or is BTC your main concern when it comes to building your portfolio? quite interested. It would seem like the majority of Crypto enthusiasts on reddit tend to favour crypto over everything else aha. Most of our team has been slowly lowering our portfolio crypto percentage over the past two years, re-allocating into index funds etc trying to fill up our ISA limits. I still personally see a lot of value in having crypto in my portfolio, but the excitement is too much for me and I just want to focus on the slow boring part of investing. For now, sub 10% crypto allocation is as far as my risk appetite goes.
And I also had everything invested in my stocks and shares ISA (savings and maintenance loan and side hustle income) which returned me about 30% which I sold to put into bitcoin
I’ve been in crypto since 2021. Made mistakes lost everything I invested. But started buying only bitcoin since December 10th 2025. I sold all my stocks and shares in my ISA and used up all my saving to invest about £33k in Bitcoin. I plan to keep investing when I get more money
Did you try to teach your kids about investing at a young age etc? I have a 1.5 year old and I plan to have her understanding investing and money from young, she already holds a junior ISA in the UK, invested in a index fund
Solid start, especially that you’re DCA’ing and already have a cash ISA + stocks ISA. Personally I’d trim XRP a bit and keep BTC/ETH as the core
Post is by: PJDB_93 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1qksppp/starting_out_what_do_you_think/ About to take the plunge, opened a Kraken account and plan is to DCA a couple of hundred a month split between: Bitcoin 30% Ethereum 25% Sol: 15% Xrp: 15% Monero: 15% I know this won't make me rich, but I'm open to suggestions or alternates. I know that most memecoins fail, but if there are any projects worth looking into, advice on what to read or watch as well to better learn the market. I've built up my cash ISA now, and what I would normally put away into that is splitting between crypto and more conservative stocks and shares ISA. *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.*
Depends on the total gain. In the UK, the first £3,000 of gains are tax-free. Any gains above that are subject to CGT (Capital Gains Tax). Only exceptions are ETNs held within an ISA.
It was a great move by the FCA to mandate that all bitcoin ETPs offered in the UK be fully physically backed, and good to see more of them on the market grim big madness. Shame they then fucked it up by removing the ability to hold these ETPs in a regular stocks and shares ISA (as of April 2026), so my dreams of tax-free bitcoin investing are still just dreams. Nobody I've heard of actually offers an "Innovative Finance ISA" that you can hold bitcoin ETNs in after April, and none of the main investing platforms are planning on offering them.
Didn’t think it was possible to be honest “You can't directly hold physical crypto in a UK ISA, but you can invest in crypto-related products like Exchange Traded Notes (ETNs) through a Stocks & Shares ISA until April 5, 2026; after that date, these ETNs will only be allowed in an Innovative Finance ISA (IFISA), a more niche option requiring specific ISA manager approval, or you can buy shares in crypto-linked companies for indirect exposure. “
To jump on the tax side of things, it’s the same in the Uk, we buy MSTR in our stocks and shares ISA to avoid capital gains tax. So that we buy ‘shares and etfs’, you fool. Enjoy playing your tax.
Not if it’s in an ISA in the UK, but we only have ETNs, not ETFs. Same thing though basically.
Good for you little homie, I wish I had started investing at your age instead of sex, drugs and parties! If I were to give any advice I'd say stick with BTC and Gold. Really concentrate on these two and you'll be happy in the future. If you want to dabble in stocks, get a stocks and shares ISA and buy s&p 500 IT, or Ibit gold.
40% bitcoin 30% stocks 20% cash ISA 10% premium bonds
Does anyone know if this is comparable with UK ISA account?
The big advantage is that the ETFs/ETNs can be held in a tax-exempt wrapper, where bitcoin in self-custody usually can't be. In the UK, this would typically mean an ISA or maybe a SIPP, but I'm sure other countries have similar wrappers. Despite the name difference, I'm pretty sure all the ETNs I've looked into were fully backed, so in practise they should be no more risky than the ETFs.
Stocks and shares ISA - S&P 500 - no tax
Since your ISA offers tax-free growth with a yearly limit, there's a strong case for prioritizing that vehicle first. However, adding some Bitcoin as portfolio diversification can make sense if you understand the risk profile. Consider the "5% rule" - allocate around 5% of your investment capital to crypto. With £1000 monthly, that's £50 for Bitcoin and £950 for your ISA. This gives you exposure without significantly impacting your tax-advantaged growth. Remember: - Bitcoin is significantly more volatile than traditional equities - Unlike your ISA, crypto gains are subject to capital gains tax in the UK - The Bitcoin position could act as a hedge against inflation/
Post is by: Harrygb13 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1p8x0m7/invest_as_much_as_i_can_into_the_stocks_and/ Hey everyone, I’m 23 and invest ~ £1000 a month into my Vanguard Stocks and shares ISA My question is - do I just put as much as I can into the ISA, until I reach the max limit one day, or do I use some of that money to put into bitcoin, or even some other asset? I feel like I may be missing out by not having some exposure, but then I I’m not quite maxing out the ISA yet! Any help appreciated! *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.*
Some people have very strong opinions about "not your keys not your coins" and strongly suggest that you should be storing it in a hardware or software wallet. That's the only reason I mentioned it because it would rule out using the ISA. If you store your bitcoin: 1. On an exchange 2. Software wallet 3. Hardware wallet The gains will be taxed the same if you sell them for a profit. If you buy an ETN in a tax exempt account such as: 1. Stocks and shares ISA 2. Pension (If you're very brave) Then you pay 0 tax on the gains
Because you're from the UK you should consider buying BTC ETNs in your S&S ISA, this way gains are exempt from capital gains tax. If you're planning to move the BTC to your own hardware/software wallet then ignore this suggestion!
I think the government are applying rules on all uk banks. Im with Monzo and every single transaction I make to Coinbase, their system marks it as a scam and my accounts get frozen until I go through some daft series of questions and upload evidence to convince them its not a scam! Last night it took me a few hours to get the payment to go through. They also have a limit of like £3k a month on crypto transfers to exchanges. You can now purchase Bitcoin ETNS in the UK now and my ISA provider made me go through a patronizing questionnaire and application process and then made me wait 48 hours before giving me access to the instrument. The UK is heavily restrictive with BTC and all crypto, its a real drag and really off putting to people wanting to buy bitcoin.
If you are in the UK, it’s one of the few ways to get BTC linked assets into a tax free ISA account. We can’t buy the ETFs at this point
Bought in 2017, sold 80% of it at 75k,( 15k profit) getting rid of rest next year. Sick of manipulation and unpredictability. All tied up in ISA's now at 5% tax free. I know where i stand over next 5 yrs.
If you tell people they're gonna lose a fuck load of money they probably won't like you for it. Hey ho. I'll be observing for a decent buy in since a Bitcoin ETF now exists for uk ISA's (tax free gains)
I stopped converting bitcoin to assets in my ISA for this reason.
Good point. ISA for UK citizens. I'm gonna buy some etp instead now. Saves a lot in taxes in case of higher returns on btc
Yea until April 2026. Then they will auto liquidate and you have to open a different kind of ISA for it. Such fun. No thanks
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.