Coinspot is a popular crypto exchange for Australians. Thinking about signing up to CoinSpot? Before you do, make sure you use this (HWHPXV) Coinspot referral code and you’ll get a bonus $10 worth of Bitcoin when you sign up and make your first purchase.
Do you own crypto? Are you keeping it stashed away hoping to sell it one day for a larger profit? Well did you know you could be earning interest on your Bitcoin, Ethereum and other cryptocurrencies? In fact you could be earning up to 12% APY.
These are my two favourite tools for earning interest on cryptocurrency.
In 2020, Raiz launched a new portfolio type that includes Bitcoin. The Sapphire portfolio from Raiz includes 5% bitcoin. This new portfolio makes investing in Bitcoin as simple as investing in other assets like shares and etfs.
But is it a good investment? I can’t tell you if this is a good investment for you, but I can lay out some of the facts around the portfolio to help you make a better decision. So before investing in the Raiz Sapphire portfolio make sure you read this post.
CoinSpot is a popular Australian cryptocurrency exchange. I’ve been using it for the past few years, and wanted to put together a review on whether or not I thought it is the best option for Australian’s looking to buy Bitcoin and other cryptos. Here is my full CoinSpot review for 2020:
What is CoinSpot
CoinSpot is a crypto exchange for buying and selling cryptocurrencies. They are an Australian company and cater to Australian customers. If you’re looking to buy Bitcoin in Australia, it is currently my number 1 pick. I’ve been using them for a number of years and have found them to be a reliable place to buy crypto.
Coinbase is one of the worlds most popular places to buy and sell cryptocurrency. But did you know that you can get $13 free Bitcoin when you sign up? So before joining Coinbase make sure you read this post to get the latest Coinbase promo code.
In 2019 Bitcoin gained over 90%. So even though it wasn’t getting the hype of previous years, if you had bought bitcoin at the start of the year and held it, you’d have made a handy profit.
Coinbase is one of the worlds most popular places to buy bitcoin in the world. But is it a great option for buying Bitcoin if you’re Australian? We look at some of the pros and cons of Coinbase.
Buying Bitcoin on Coinbase
Coinbase is one of the easiest places to buy Bitcoin. They have done an excellent job at making the entire experience straight forward. So even if you’re brand new to Bitcoin, you’ll have no trouble buying. Coinbase also offers a good cloud wallet for storing small amounts of Bitcoin, that is considered to be quite secure.
In Australia, Coinbase only lets you buy Bitcoin with a credit card. This has some upsides and downsides. On the positive side, it means you can buy Bitcoin instantly. It’s no harder than online shopping. The downside is they do limit the amount you can buy each week and there are also some fees you need to be aware of…
Bitcoin has been rapidly gaining value over the past few months. While I don’t believe you should go all in and invest your life savings in Bitcoin, I do think it’s worthwhile to hold a small position. I (like everyone else) has no idea what the price of Bitcoin is going to do. It could go to $100k or back to $1k. So remember to only invest what you can afford to lose.
If you’re new to cryptocurrency, the good news is that you can start investing with as little as $10 and build your portfolio over time.
Buying Bitcoin is pretty easy in Australia. Here are my top options for investing:
There is so much hype around Bitcoin – and maybe for good reason. It’s an exciting new technology that could have a huge impact on the world. But should you be investing in Bitcoin? In this post I’m going to break down some of the reasons why it’s good and bad and why you should be investing in it.
Let me know in the comments if you’ve invested in Bitcoin and what you’re experience has been.