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  5. FBTC: Is there a safe easy way to buy these coins in Canada? [Fidelity Advantage Bitcoin ETF]
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Q: Is there a safe easy way to buy these coins in Canada? what about the USA? Is it better to buy them in the US than Canada?

Other than losing money are there any other risks to look out for?
Asked by Donald on November 12, 2024
5i Research Answer:

Currently, there are several Canadian and US Bitcoin ETFs available to investors, however, there are no ETFs or stock proxies for Dogecoin. 

For Canadian Bitcoin ETFs, we like FBTC and BTCC.B, and for US ETFs we like IBIT and FBTC. 

Both can be purchased through a crypto exchange, however, much due diligence and caution is warranted, but we think Kraken and Coinbase have strong management teams and operations. 

The risks with an ETF are mostly from the accuracy of the ETFs being 100% backed by the underlying asset, as well as potential for hacks, lost keys, etc. With crypto exchanges, the main risk is fraud of the exchange (FTX), hacks, and losing one's keys, etc.

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in BTCC.B, IBIT.

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