How to buy Cryptocurrency and what to do with it.

How to buy Cryptocurrency and what to do with it.

How to buy and what to do with it.

Please note: this article may contain affiliate links where I receive a small compensation for referral at no charge to yourself.  

You can buy cryptocurrency through an individual or via a broker, at a Bitcoin ATM (find one near you through CoinATMradar) through a peer-to-peer platform such as Local Bitcoins or Remitano, or through an exchange. Each have their pros and cons. The best option for you may be different for another person.

One of the most widely accessible exchanges is Coinbase. Coinbase is actually available in 103 countries to varying degrees and even offer recurring Cryptocurrency purchases making buying easy and automated. If you click on my link here we both receive $10 worth of bitcoin for free from Coinbase when you deposit more than $100.

When you buy cryptocurrency you can –

? Buy at the rate given at the moment cash is put into the account

? Have your cash go into a cash account in the exchange so you can choose which coin to buy when.

? Set a Buy/Sell Order. Say you wish to buy x.xxxx worth of Bitcoin when the price per btc is $xxx. Your funds are then locked away until either the buy order is actioned or you cancel the order.


Buying through a Peer to Peer Platform compared to an exchange

A peer to peer platform allows you to exchange between people directly or through a business (or professional broker). This may allow you to purchase without needing to complete KYC and allow you to purchase without a bank account. This can be fantastic for people who may not have access to a bank account or who would prefer to limit a paper trail. It is more important to be vigilant in who you choose to transact with, check their reviews, meet in a busy location if doing the transaction in person for example.

An exchange has the benefit of being a centralised purchasing point, relatively stable and trustworthy as well as being very user friendly. Some exchanges allow you to purchase immediately through your bank account, credit or debit card, while others require you to transfer the money into their exchange account (which may take several days to clear) and then be able to purchase. Most exchanges are required by law to get your verified details to comply with Know Your Customer (KYC) and Anti Money Laundering (AML) laws. This can be concerning if the exchange is hacked, if they are a scam/untrustworthy exchange, if you do not want to have a paper trail or are concerned that your transactions will be reported to the government (Coinbase is known to regularly report transactions especially in the USA).

Storage of your Cryptocurrency

Exchanges have a built in wallet to store your cryptocurrency in although it is not recommended to keep much there for too long. To buy through peer to peer, person to person/broker, you should already have a wallet in place that is yours alone. I love my Nano Ledger and having my codes backed up on my CRYPTOTAG. A free option is Exodus (you can also choose to back up the mnemonic phrase with a CRYPTOTAG or CryptoSteel – this means your codes are protected from fire, flood and age/deterioration). Please check out my blog on Security and Storage for further information on setting up a wallet, safety and security.


A common exchange set up procedure is as follows:

Click referral link

Verify email address

Verify Phone number

Upload ID Documents and proof of address

Link a Bank account (they deposit two small transactions usually next business day. You then confirm the amounts).

They will email confirmation of account approval.

You may now deposit to the account.


NOTE: Some exchanges have a low initial limit (Coinbase is $250 for instance) others are up to $10,000 such as Independent Reserve.  This usually rises over time or upon request.


Here are some great international exchanges to buy cryptocurrency with –

Australia has some fantastic exchanges – Coinjar is similar to Coinbase, while Coinspot is great for purchasing alt coins, you can register here. Independent Reserve is a great exchange for Australia and New Zealand with low fees and has the option to set buy/sell limits can be found here (if necessary my referral code is QDPGPY). Digital Surge has joined with Australian Post to make purchasing Bitcoin and paying bills with cryptocurrency even easier, you can register here.

New Zealand Easy Crypto is a new favourite for New Zealanders.

The Philippines has a great user friendly exchange, you can register free here

For all of Africa and select other countries Nairaex is a great option.

Other international markets are –

Remitano works with many uncommon markets in the Asian area, Caribbean and more and can be found here.

Local Bitcoins is fantastic for peer-to-peer transactions, anywhere in the world, register here  

Binance which is also one of the most popular international trading websites. Purchase via credit and debit cards has recently started and is a popular way to buy Crypto quickly. Access will be retricted for Americans in September 2019.

Kucoin possibly the second most popular exchange after Binance.




Coinmama which has the bonus of being able to buy using credit cards.

 When you want to start buying some more uncommon alt coins, two very popular exchanges are Binance and Kucoin. Coins are usually bought using Bitcoin or Ethereum.  These are two of the most stable cryptocurrencies (that are not stable coins such as Tether). If you are unsure on where to start it's never a bad idea to start buying just Bitcoin and Ethereum.


Once you buy Bitcoin (or other cryptocurrencies)


You have four things you can do with it –

1/ You can hold/store it for possible short/medium/long term gains. Click here to learn about security and storing cryptocurrency.

2/ You can spend it on goods or services (currently accepted in thousands of places and also via cryptocurrency debit cards and special exchanges).

3/ You can trade it for profits (often this is riskier than simply holding and as such not recommended for beginners or non experienced traders), or for other alt coins. Click here for the blog on trading.

4/ You can put it in businesses or platforms in the hope to grow it. Check out the post here on an overview of different types of growth.


Cryptocurrency is an exciting space with massive potential gains. Don't wait for the perfect time to start but do it in a purposeful, intentional way. Plan to educate yourself and be balanced in your investments. Most importantly research and look towards the longer term future.

Where to Start with Investing – Budgeting and the importance of diversifying.

Where to Start with Investing – Budgeting and the importance of diversifying.

Where to Start with Investing in Cryptocurrency

Please note: this article may contain affiliate links where I receive a small compensation for referral at no charge to yourself.  


If you are here you generally fit into one of two camps – you either have disposable funds and are free to speculate in Cryptocurrency, or you don't have disposable funds but see a way to improve your financial situation you are in and see cryptocurrency as offering an ideal solution.

Either way, to maximise your returns for your first step, you will want to review (or create) a budget. A budget will keep you from overinvesting and help limit your risk. Long term especially Bitcoin and other Cryptocurrencies will likely provide substantial gains, however nothing is worse than having to withdraw your Cryptocurrency because there is an emergency during a down market.


Creating a budget

Decide how much of a portion of your regular income you are wanting to allocate towards cryptocurrency and which will stay as fiat (government issued currency). It's important not to be overinvested in Cryptocurrency. Cryptocurrency is a volatile market and there is more risk, especially in the short term. Whatever purchases you make, it's important to have a plan or strategy in place. I recommend everyone should have a portion of their Portfolio in a wallet held and accessed only by them, kept for the long term. Use Platforms for the short term or mid term only. 


After establishing a budget

Once you know what Cryptocurrency budget you have to work with, you can decide how you want to allocate it. Personally I believe everyone should build a Portfolio in their own wallet of at least $500 or for 3 months before they consider using platforms to grow their account. This gives you time to become familiar with using Cryptocurrency and get into a habit of buying Cryptocurrency regularly. In Cryptocurrency, as in many markets, it's more about taking regular and sustained action that will help you generate great results. You can read more in my blog Consistent Wealth Building here.


After familiarising yourself with Cryptocurrency

When you are in a position to venture into platforms, the old adage ‘Don't keep all your eggs in one basket' is particularly relevant in a volatile and unregulated market.

Many people are introduced to cryptocurrency by using a PLATFORM. It can be a great way to passively grow returns as a hands free opportunity and a way to learn more about options within the cryptocurrency world. Click here to read my blog post on How to invest in Cryptocurrency.




I would always suggest to establish platform diversification. Use the returns from the first platform to minimise risk and maximise profits (most people I find aim for a maximum of four businesses to diversify with). Please note – don't over-diversify. Have a plan in place and work the plan and review the plan regularly. Have a STRATEGY you can use to withdraw seed and redistribute it. Personally I split returns from platforms 50/50 – 50% to my ALT PORTFOLIO mid/long term holding and 50% into new or established platforms for greater growth. In doing this I consistently grow my alt portfolio as well as expand and deepen my platforms value.



Final points

Cryptocurrency is an exciting and volatile world. Enter it with your eyes open. Always review your portfolio regularly (every 3 months initially). Keep a focus on your budget and strategies to ensure your success in this wonderful world. If you would like to learn more about strategies click here. To learn about Creating a balanced portfolio click here. and of course, for helpful PowerPoints check out my freebies here.

The Development of Currency.

The Development of Currency.

Money and Bitcoin, in the beginning, to the present day.

Please note: this article may contain affiliate links, where I receive a small compensation for referral at no charge to yourself.

In the beginning to 2008

Before money existed goods were exchanged via bartering systems on almost every continent. Cattle, clothes, vegetables, grains – even cowry shells were used. The earliest known money was coined in what is now Turkey in 600BC by King Alyattes. Money has always been issued by those in power – Kings and Queens, Governments and Dictators.

By 1250AD the Florin was minted in Florence. The introduction of the Florin allowed for easier European and international commerce. Marco Polo bought back the idea of paper money from China to Europe 40 years later. Even so, the first European banknotes weren't printed until 1661AD in Sweden. Since then however, they have become the stable currency form worldwide.

In 1946 the first credit card was created by John Biggins. As transportability has become a more highly sought after feature of modern money, various solutions have been researched and developed. Many people now use debit or credit cards for their purchases – even using mobile phones to make purchases. Interestingly only 8% of all money is in a physical form today. The rest is merely numbers on a computer screen.

Gold and Bretton Woods

Many people believe that their governments currency is pegged to gold. This is not the case.

The first noted time of gold being used as a currency was in 643BC in Turkey. The Gold Standard Act of 1861 determined that the dollar was only redeemable for gold and the dollar pegged to the price per ounce of gold.

The Gold Standard was quickly adopted by many other countries around the world through the 18th and 19th Centuries. Unfortunately every time gold was discovered the price of gold could fluctuate wildly. In 1913 the Federal Reserve was created to stabilise the fluctuating values. World War 1 broke out shortly after and many countries suspended the Gold Standard in order to fund the war effort. This resulted in hyperinflation and an eventual return to a modified Gold Standard.

In 1944 the Bretton Woods Agreement was signed by many key countries which essentially pegged country currencies to the US dollar. This made sense due to the USA having the majority of all gold reserves from profiting significantly during the two World Wars (at the end of World War 2 the United States held 75% of the entire worlds gold stores). This meant however that the majority of countries around the world were reliant on the USA to maintain gold reserves. When France steadily bought up gold and reduced their dollar reserves so they were less dependent and obligated to the United States, US President Nixon stopped the convertability of dollars into gold.

Since then currencies are either floating or fixed to another currency (most commonly the US dollar which is also the world reserve currency). This essentially means we are reliant on the government and overseeing financial bodies including The International Monetary Fund to look after our best interests. 

2008 Housing crash and the start of Bitcoin

This method of exchange has worked well until the housing crash of 2008. The housing crash was caused by unethical practices in the finance and banking sector. The housing crash plunged the world into an international recession. Massive bank bailouts from governments and dissatisfaction from everyday people direly affected by this meant that a new solution was sought. Confidence in national currency, bankers and ‘the system' fell.

In came Bitcoin. In 2008 a whitepaper was put on a cryptography mailing list. Bitcoin was built on the Blockchain (an open source ledger) and allowed transactions to be made virtually instantly through a decentralised, peer to peer, proof of work system. Bitcoin and other cryptocurrencies are not easily influenced by external forces and are revolutionising the world we live in. Cryptocurrency has been becoming more mainstream and as such is challenging those in traditional positions of power and authority.

Bitcoin – greater stability and a solid future ahead

As time has passed Bitcoin and Blockchain technology have become more highly valued and valuable to everyday people, banks, corporations and governments. This technology and the payment system of Bitcoin has the potential to revolutionise the world as we know it. Already we are having multiple conglomerations, businesses and governments trying to create, duplicate or control blockchain and cryptocurrencies. Due to the open sourced and decentralised nature this has not been possible.

Bitcoin and Blockchain technology has bolted from the gate. It has been tried, tested and passed every challenge so far. Cryptocurrencies may develop, alter and grow but they are not disappearing and offer a burgeoning and highly profitable new market for the educated, curious and brave.

In Summary – a strong future ahead

In times of online banking and online shopping paired with economic instability, rising inflation, stagnant wages and stunted economical growth, cryptocurrencies offer huge potential. As cryptocurrencies are being embraced and more regulated these are good things which will stabilise the currency and lead to further long term growth. This is an area still in its infancy, yet with its history and current stability offers true competition to traditional money markets.

To read more about how to get started with cryptocurrency check out my blog posts Budgeting and the Importance of Diversification, How to Buy Crypto and Security and Storing Crypto. To access a simplified 3 month plan customised to YOU and your risk tolerance, budget and goals click here for my 3 month Portfolio Plan. Alternatively check out my freebies under start here for some fantastic PowerPoint Presentations to get started today!


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