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Speaker 1: Investing involves the risk you might lose the money you

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Speaker 1: start with. We recommend talking to a licensed financial advisor.

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Speaker 1: We also recommend reading product disclosure documents before deciding to invest.

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Speaker 1: Everything you're about to see and here is current at

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Speaker 1: the time of recording.

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Speaker 2: It's a special week on Shared Lunch to mark the

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Speaker 2: recent launch of Cheesy's Crypto. We're going to be diving

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Speaker 2: into five conversations all about crypto. In our final episode,

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Speaker 2: we'll be answering your questions and we'll be getting the

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Speaker 2: answers from the experts here at Cheesy's.

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Speaker 3: Kyoda Karna here, thank you so much for all your

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Speaker 3: feedback on Chelsea's Crypto. Today we're heading around the Chasea's

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Speaker 3: office to get you some answers to your crypto questions.

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Speaker 3: So well, can you please introduce yourself?

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Speaker 4: I am well. I'm the product lead for the Suprenuation

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Speaker 4: and Funds team here at Chezy's and have recently been

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Speaker 4: working for the crypto team as well.

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Speaker 3: So well, can I transfer my bitcoin into.

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Speaker 4: Shawsas soon coming soon? Not something that's available yet. Since

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Speaker 4: we launched, it's easily been our most requested feature to

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Speaker 4: transfer from an existing wall up to chezys so the

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Speaker 4: team working on at the moment, I hope they are.

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

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Speaker 5: Yep, much like the Cheeses platform in general, we really

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Speaker 5: aim to be a platform of choice. So you know,

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Speaker 5: the general thesis is as many things as possible. Now

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Speaker 5: when we bring new product to market, obviously you do

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Speaker 5: have to have a little bit of a process around that.

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Speaker 5: So the way we've done that is looked at the

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Speaker 5: size of the coins available in the market, and then

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Speaker 5: how much training goes through them because liquidity is very important,

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Speaker 5: and then we're just going to work our way through

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Speaker 5: that list.

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

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Speaker 6: Yourself, got a Gus, I'm head of investments.

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

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Speaker 6: That's a great question. Crypto is there is a nuance

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Speaker 6: to crypto and on the text front, generally, crypto is

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Speaker 6: taxed from a capital gains perspective, which means investors are

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Speaker 6: required to pay tax on the gains that they make

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Speaker 6: on their crypto investments, and unlike other investments, Cheeses doesn't

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Speaker 6: take care of this tax for you. You will need

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Speaker 6: to make a payment to the ID if you have

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Speaker 6: a capital gains tax owing and file that at the

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Speaker 6: end of the tax year, which is thirty first of March.

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Speaker 6: Cheese's does have tools coming that will support you with this.

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Speaker 3: So what are some good crypto investing strategies?

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Speaker 6: Like all investing, chess really promotes the long term wealth

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Speaker 6: development long term strategies. We're already seeing that with investing

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Speaker 6: through crypto about ninety percent of volumes on the buy

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Speaker 6: side as opposed to the cell side, we see investors

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Speaker 6: growing their portfolios in the long term. In terms of strategies,

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Speaker 6: we know that crypto is a volatile s class and

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Speaker 6: should be considered as such. Internationally, we see people advising

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Speaker 6: maybe about five percent of a portfolio it should be

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Speaker 6: add to your portfolio diversification rather than be the portfolio.

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Speaker 5: Yeah, when I think about investing in anything in roughly

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Speaker 5: the same way, I think that the same old saying

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Speaker 5: to me come back to be true, which is exactly

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Speaker 5: how we've built the platform too. But you know, investing

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Speaker 5: smaller amounts regularly so to make the most of dollar costs,

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Speaker 5: averaging diversification across a portfolio and then time in the market,

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Speaker 5: over time into the market.

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Speaker 3: So Chawes is known for constantly innovating. Can you tell

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Speaker 3: us what's coming next?

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Speaker 6: What's coming next? Textils, more coins, and what's transfers stakings coming?

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Speaker 6: We hear your customers all this stuff's coming.

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Speaker 3: I'm here in Nikola, Nicola. Can you tell us a

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Speaker 3: bit about yourself?

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Speaker 7: Hi? Yeah, I'm a design lead working with the team

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Speaker 7: on the app experience for Chase's crypto.

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Speaker 3: So as crypto for everyone.

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Speaker 7: Not everybody's comfortable with the risk and volatility of crypto,

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Speaker 7: but investing through the Shary's platform kind of gives you

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Speaker 7: an entruwayh in you can read all about it and

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Speaker 7: then about the how crypto works and how you can invest.

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Speaker 7: It gives you access without having to make keys and

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Speaker 7: wallet's externally.

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Speaker 3: When designing shows these crypto what are some things that

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Speaker 3: you kept in mind?

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Speaker 7: We really want to make sure that customers they understand

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Speaker 7: their risks, the volatility, the text implications, and so kind

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Speaker 7: of feel supported to make a decision if it's for

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Speaker 7: them or if it's not for them. We did that

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Speaker 7: in their kind of onboarding flow and also when you're

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Speaker 7: tapping into buy crypto, we make it clear that it's

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Speaker 7: volatile investment.

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Speaker 3: So where can I go to learn more about investing

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Speaker 3: in crypto?

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Speaker 7: If you head to the app and tap into crypto,

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Speaker 7: it will take you through a flow that explains the

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Speaker 7: kind of nuances of investing in crypto as you set

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Speaker 7: it up. There's also resources through I help Center you

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Speaker 7: on website and articles you can read through as well.

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Speaker 8: Crypto is generally considered a high risk investment. It's not

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Speaker 8: suitable for everyone, especially if you're uncomfortable with the potential

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Speaker 8: of losing some or all of your investment. For more

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Speaker 8: of thentional crypto and it's specific risks, checking out Cheesies

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Speaker 8: dotting z slash Crypto. Cheesys Crypto has offered b cheese

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Speaker 8: is Krypto limited only available in New Zealand.

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Speaker 3: M mm hmm