Price exposure vs. true ownership: is the Bitcoin in your wallet actually yours?
Mar 26, 2018, 3:48:40 PM Published By Wirex Team
Buying your first piece of Bitcoin is an exciting moment. You set up an account with a seemingly reputable exchange, connect your payment method of choice and make your very first purchase. Then you sit back and look at the value in your wallet delighted to finally be a part of the cryptocurrency revolution. But theres a hitch. You might not actually own the Bitcoin you just bought. Those numbers in your wallet may not reflect underlying ownership. If youve brought Bitcoin from some of the popular exchanges, you may have been misled into buying a CFD or some kind of derivative product that gives you exposure to the price of Bitcoin... but not actual Bitcoin ownership.