The Evolution of My Digital Currency Investment Strategy
In my family's investment portfolio, I previously allocated less than 2% of investable assets to BTC and ETH, primarily through Binance and Mixin (a platform invested in by Li Xiaolai, which even suffered a hacker attack resulting in partial asset losses...).
Due to the inconvenience and security concerns of trading, I stopped making additional purchases after the 2021 hype faded. These assets remained untouched in my portfolio.
However, I've always wanted to increase my digital currency allocation to approximately 5% of my total investable assets—treating it as meaningful lottery tickets while hedging against the impending "currency printing era" of major economies.
Discovering Futu's Crypto Trading Feature
While casually browsing the Futu app recently, I noticed their announcement about enabling crypto trading permissions starting August 1st.
The requirements were straightforward:
- Exclusively for Hong Kong residents
- Manual permission application
- Ability to answer questions demonstrating sufficient understanding of digital currencies
My First Attempt at BTC Purchase
Last night, I attempted to use my GOF dividend proceeds to purchase BTC—but encountered an initial roadblock.
Although Futu claims to allow direct digital currency purchases without HKD/USD conversion, funds aren't automatically transferred. You must:
- Navigate to the "Funds" feature
- Select "Fund Transfer"
- Move funds from your US/HK stock account to the newly enabled "Cryptocurrency" account
My $1,000 transfer request submitted last night was completed by 10 AM this morning. Afterwards, I could seamlessly trade BTC in the cryptocurrency interface—an experience identical to stock trading.
Why This Matters for Hong Kong Investors
The advantages of using Futu for crypto trading include:
- Direct HKD/USD transactions
- Elimination of extra withdrawal/deposit procedures
- Enhanced security compared to C2C exchanges
- Familiar trading interface for existing Futu users
👉 Discover more about secure crypto trading platforms
My Future Investment Plan
Moving forward, I plan to:
- Allocate a portion of monthly GOF dividends to BTC DCA (Dollar-Cost Averaging)
- Gradually increase my digital currency exposure
- Maintain the cap at 5% of total investable assets
Important Considerations
Digital currency investment requires personal judgment—we can't earn beyond our comprehension. I treat it as lottery tickets with hedging potential. Currently, Futu's service is exclusively available to Hong Kong residents.
For most investors, a balanced portfolio should focus on:
- USD savings insurance
- Regular investments in US index funds
FAQ Section
Q: What makes Futu's crypto trading different?
A: It offers seamless integration with existing stock accounts and regulatory compliance for Hong Kong investors.
Q: What's the minimum investment amount?
A: While there's no stated minimum, the platform requires sufficient funds to cover transaction fees.
Q: How long do fund transfers take?
A: Approximately 12 hours based on my experience, but this may vary.
Q: What currencies are supported?
A: Currently HKD and USD without conversion requirements.
Q: Are other cryptocurrencies available besides BTC?
A: The article only confirms BTC trading, but platforms often expand offerings.
Q: What security measures are in place?
A: Two-factor authentication and segregated crypto accounts provide enhanced security.
Remember: Always conduct thorough research before making investment decisions. 👉 Learn about diversified investment strategies