bitcoinownership

$BTC | A lot of traders open a Pepperstone crypto CFD position thinking they now own Bitcoin. They don't. On the desk that was the most common misread of the product. SatoshiMacro's Pepperstone review is explicit: under AFSL 414530, inside ASIC's 2:1 cap, permanent since 2022, you get a price position, not a wallet. No withdrawing, staking or transferring the coin, and the 12-month CGT discount on spot holdings never applies. My read: fine if the goal was to short or hedge Bitcoin, a bad fit if the goal was to hold it. Limitation: you've swapped custody risk for broker counterparty risk, not removed risk.
https://satoshimacro.com/reviews/crypto/pepperstone-crypto-review/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_short-2
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