Quote from: tocketsearful on December 23, 2017, 12:32:50 PM

Quote from: starzou on December 22, 2017, 11:22:37 PM

I live work and bank in the US but I am a European citizen. I have two options:

A) Buy cryptocurrencies on US exchange platforms such as Kraken with a CC or bank transfer
B) Buy crypto on a Luxembourg exchange such as Etoro with a US credit card

Which would make the most sense in terms of tax/regulation/easiness to use?

Many thanks

Buying crypto on Etoro is not the same as in fact buying crypto. You do not have the option to transfer those said coins to your wallet if you at some point wish to.

If you buy crypto on Etoro you are buying at CFD which tracks the underlaying price movements of the coin.

Interesting I was not aware of this. You are just buying derivatives on Etoro then. Is there an incentive in buying coins there vs. buying crypto? I could see the point for bitcoin (you can use bitcoin to purchase stuff) but for alt coins such as Ripple that are just purely speculative as of today is there a point in actually owning the coin?