Crypto Convos: Behind Sharesies Crypto (Your questions answered!)

To wrap up the week, we’re taking questions from you! 

The team behind Sharesies Crypto answers audience queries on crypto’s role in a diversified portfolio, what features they’re working on, how assets are stored in Sharesies Crypto, and your tax responsibilities.

For more or to watch on YouTube—check out http://linktr.ee/sharedlunch

Sharesies Crypto is offered by Sharesies Crypto Limited and is only available in NZ. Crypto is different to other types of investments and has different risks. Crypto is generally considered a high-risk investment, which means it carries potential for higher returns, but also carries higher potential for loss. It’s not suitable for everyone, especially if you’re uncomfortable with the potential of losing some or all of your investment. You should consider your financial goals, risk appetite, investment timeframe, and overall portfolio before investing in crypto.

Shared Lunch is brought to you by Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions can be found on our NZ website.

 

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:00):
Investing involves the risk you might lose the money you
start with. We recommend talking to a licensed financial advisor.
We also recommend reading product disclosure documents before deciding to invest.
Everything you're about to see and here is current at
the time of recording.

Speaker 2 (00:17):
It's a special week on Shared Lunch to mark the
recent launch of Cheesy's Crypto. We're going to be diving
into five conversations all about crypto. In our final episode,
we'll be answering your questions and we'll be getting the
answers from the experts here at Cheesy's.

Speaker 3 (00:35):
Kyoda Karna here, thank you so much for all your
feedback on Chelsea's Crypto. Today we're heading around the Chasea's
office to get you some answers to your crypto questions.
So well, can you please introduce yourself?

Speaker 4 (00:47):
I am well. I'm the product lead for the Suprenuation
and Funds team here at Chezy's and have recently been
working for the crypto team as well.

Speaker 3 (00:54):
So well, can I transfer my bitcoin into.

Speaker 4 (00:55):
Shawsas soon coming soon? Not something that's available yet. Since
we launched, it's easily been our most requested feature to
transfer from an existing wall up to chezys so the
team working on at the moment, I hope they are.

Speaker 3 (01:09):
So Elton, how do you decide what crypto coils to add?

Speaker 5 (01:12):
Yep, much like the Cheeses platform in general, we really
aim to be a platform of choice. So you know,
the general thesis is as many things as possible. Now
when we bring new product to market, obviously you do
have to have a little bit of a process around that.
So the way we've done that is looked at the
size of the coins available in the market, and then

(01:34):
how much training goes through them because liquidity is very important,
and then we're just going to work our way through
that list.

Speaker 3 (01:39):
Basically, I'm here with Gus. Gus, tell us a bit about.

Speaker 6 (01:42):
Yourself, got a Gus, I'm head of investments.

Speaker 3 (01:45):
Here will Cheza's helped with crypto tax What are my responsibilities?

Speaker 6 (01:50):
That's a great question. Crypto is there is a nuance
to crypto and on the text front, generally, crypto is
taxed from a capital gains perspective, which means investors are
required to pay tax on the gains that they make
on their crypto investments, and unlike other investments, Cheeses doesn't
take care of this tax for you. You will need
to make a payment to the ID if you have

(02:12):
a capital gains tax owing and file that at the
end of the tax year, which is thirty first of March.
Cheese's does have tools coming that will support you with this.

Speaker 3 (02:23):
So what are some good crypto investing strategies?

Speaker 6 (02:26):
Like all investing, chess really promotes the long term wealth
development long term strategies. We're already seeing that with investing
through crypto about ninety percent of volumes on the buy
side as opposed to the cell side, we see investors
growing their portfolios in the long term. In terms of strategies,
we know that crypto is a volatile s class and
should be considered as such. Internationally, we see people advising

(02:49):
maybe about five percent of a portfolio it should be
add to your portfolio diversification rather than be the portfolio.

Speaker 5 (02:55):
Yeah, when I think about investing in anything in roughly
the same way, I think that the same old saying
to me come back to be true, which is exactly
how we've built the platform too. But you know, investing
smaller amounts regularly so to make the most of dollar costs,
averaging diversification across a portfolio and then time in the market,

(03:16):
over time into the market.

Speaker 3 (03:17):
So Chawes is known for constantly innovating. Can you tell
us what's coming next?

Speaker 6 (03:22):
What's coming next? Textils, more coins, and what's transfers stakings coming?
We hear your customers all this stuff's coming.

Speaker 3 (03:36):
I'm here in Nikola, Nicola. Can you tell us a
bit about yourself?

Speaker 7 (03:39):
Hi? Yeah, I'm a design lead working with the team
on the app experience for Chase's crypto.

Speaker 3 (03:44):
So as crypto for everyone.

Speaker 7 (03:46):
Not everybody's comfortable with the risk and volatility of crypto,
but investing through the Shary's platform kind of gives you
an entruwayh in you can read all about it and
then about the how crypto works and how you can invest.
It gives you access without having to make keys and
wallet's externally.

Speaker 3 (04:02):
When designing shows these crypto what are some things that
you kept in mind?

Speaker 7 (04:05):
We really want to make sure that customers they understand
their risks, the volatility, the text implications, and so kind
of feel supported to make a decision if it's for
them or if it's not for them. We did that
in their kind of onboarding flow and also when you're
tapping into buy crypto, we make it clear that it's
volatile investment.

Speaker 3 (04:25):
So where can I go to learn more about investing
in crypto?

Speaker 7 (04:27):
If you head to the app and tap into crypto,
it will take you through a flow that explains the
kind of nuances of investing in crypto as you set
it up. There's also resources through I help Center you
on website and articles you can read through as well.

Speaker 8 (04:43):
Crypto is generally considered a high risk investment. It's not
suitable for everyone, especially if you're uncomfortable with the potential
of losing some or all of your investment. For more
of thentional crypto and it's specific risks, checking out Cheesies
dotting z slash Crypto. Cheesys Crypto has offered b cheese
is Krypto limited only available in New Zealand.

Speaker 3 (05:07):
M mm hmm