This ‘Crypto King’ was accused of fraud and owes investors millions of dollars — but he’s still ‘living large’ despite being forced into bankruptcy. Here are 3 legit ways to buy Bitcoin

In the volatile world of cryptocurrency, cautionary tales are as common as stories of overnight millionaires. One such tale is that of Aiden Pleterski, a 25-year-old self-described “Crypto King” from Whitby, Ontario.

More than 150 investors have been trying to recover more than $30 million they gave Pleterski to invest in cryptocurrency and foreign exchange.

Pleterski has been forced into bankruptcy. Court documents indicate that he’s accused of breach of contract, fraudulent misrepresentation, civil fraud, misappropriation of funds, conversion and unjust enrichment.

But despite ongoing bankruptcy proceedings, Pleterski continues to live a lavish lifestyle. CBC News recently reported that Pleterski is traveling extensively, driving a Lamborghini and a McLaren, and “offering to fly a woman from Sydney to Melbourne for a night while he’s in Australia.”

The bankruptcy proceedings have so far recovered approximately $2.2 million, a small fraction of what was given to him by investors.

“He has access to funds,” Norman Groot, a fraud-recovery lawyer in Toronto, told CBC. “It would seem that Mr. Pleterski is not deterred by anything that has gone on litigation-wise in the bankruptcy to continue on his reckless type of spending.”

Many investors are captivated by the high return potential of cryptocurrencies. For example, Bitcoin, the world’s most prominent cryptocurrency, has seen an impressive 145% increase in value year to date.

However, it’s not necessary to entrust your funds to a “Crypto King” to participate in this market. There are multiple legitimate ways to gain exposure to bitcoin. Here’s a look at three of them.

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The first option is the most straightforward: If you want to buy Bitcoin, just buy Bitcoin.

These days, many platforms allow individual investors to buy and sell crypto. Just be aware that some exchanges charge up to 4% commission fees for each transaction. So look for apps that charge low or even no commissions.

While Bitcoin currently commands a price in excess of $50,000, there’s no need to buy a whole coin. Most exchanges allow you to start with as much money as you are willing to spend.