Should you buy Bitcoin on Coinbase in Australia

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…

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How to Buy Bitcoin in 2019

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:

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Should you invest in Bitcoin?

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.

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