Easy Equities EC10 Crypto Index

Ams1979

Ams1979

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Hi All,

What is your take on the Easy Equities EC10 Crypto Index tracking, is it worth investing in?

Tx
 
This is why I hate companies renaming funds: all the history and media about it gone.

Search for DCX10 (its former name) on the forum if you want more info.

Personally, I hold a very small amount of it. Easiest way to buy Bitcoin and the like without having to go through an exchange like Luno.
 
with how strongly most tokens are correlated to BTC in general and with BTC's overwhelming market share I've never seen the point of a crypto index tracker to be honest ... you want to be lazy and have exposure to the general crypto market? buy BTC and be done with it
 
Hamster said:
This is why I hate companies renaming funds: all the history and media about it gone.

Search for DCX10 (its former name) on the forum if you want more info.

Personally, I hold a very small amount of it. Easiest way to buy Bitcoin and the like without having to go through an exchange like Luno.
Click to expand...
Problem is if you want to use some of it to do a transaction. Easier to just go to a proper exchange like Binance.
 
backstreetboy said:
go to a proper exchange like Binance.
Click to expand...
errr ... if you're buying with ZAR their ZARBTC volume is simply not good enough to ensure "fair market price"

for ZARBTC, by volume, there's only two "proper exchanges", neither of them is Binance
if you're buying USDBTC you're likely jumping through additional hoops and paying forex fees along the way and might well be better off just buying an index via EasyEquities
 
NarrowBandFtw said:
errr ... if you're buying with ZAR their ZARBTC volume is simply not good enough to ensure "fair market price"

for ZARBTC, by volume, there's only two "proper exchanges", neither of them is Binance
if you're buying USDBTC you're likely jumping through additional hoops and paying forex fees along the way and might well be better off just buying an index via EasyEquities
Click to expand...
Both of them always crack when there's some market action. No thanks. Rather pay the 3.5% CC fee and be on a proper exchange.
 
backstreetboy said:
Both of them always crack when there's some market action. No thanks. Rather pay the 3.5% CC fee and be on a proper exchange.
Click to expand...
at less than 10 BTC traded daily for ZARBTC how would you even know if their local infrastructure can scale at all to handle "some market action"? :unsure:

how do you define "proper exchange" btw? a name that you've heard of in the news?
Binance is getting pwned in ZA and a number of other markets, simple fact.
 
What I did, is I registered on Ice3x.com and bought USDT, transfered that to Binance and then bought BTC (and other crypto) with the USDT. With the Dollar devaluing the exchange rate is actually not too bad at the moment..! If you want the real deal (Which is what I recommend) that is probably the cheapest way of doing it.
 
PseudOne said:
What I did, is I registered on Ice3x.com and bought USDT, transfered that to Binance and then bought BTC (and other crypto) with the USDT. With the Dollar devaluing the exchange rate is actually not too bad at the moment..! If you want the real deal (Which is what I recommend) that is probably the cheapest way of doing it.
Click to expand...
Anyone doing any decent volumes of over 1k should ignore this comment. Ice3 is seriously a joke of an exchange with an almost non existant order book.

The only two real exchanges in sa that can trade decent volumes are valr and luno.

How much did you actually buy? Did you even look at the order book?

If you bought abt 200 usdt you would have almost hit 50 zar per usdt... I'm sorry unless this is a trap for someone who doesn't understand how exchanges work and it's your usdt waiting there...

Screenshot_20201024_184314.jpg
 
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