Having made a very nice profit in 3 months on Bitcoin purchased through etoro,ending up owning the imaginary equivalent of nearly 3 bitcoins , i wondered if i am better off buying actual bitcoins to own rather than using etoro, where you don't actually own any coins. With the hard fork coming up ,as i understand it , unless you actually own the bitcoin then there will be no free coins allocated. So by staying on etoro i would get nothing .
I thought about withdrawing all my money and began the process of buying again through Kraken , but they are not accepting deposits from the UK . So can anyone offer some advice please?
You actually don't own any bitcoin like real coins, its just like you're just investing your money in them, so they kinda like own the bitcoin and not you so you only get to make a profit when the price goes up cos it would reflect in your trading account, if you want to buy bitcoins you can do that on localbitcoins.com and they have diverse modes of payment so it shouldn't be a big deal at all if you trade carefully, though the platform uses escrow you should still be extra careful on each transaction as nothing can be 100% perfect, not even the escrow service and your deals with a seller.