842b cryptocurrency 101: what is it, how does it work + how much to buy

Nick Bradley, co-author of The Quick Start Guide To Investing, joined Glen James to break down the concept of cryptocurrency. They cover:

👉🏾 what is the blockchain and what is cryptocurrency?

👉🏿 why would I invest in Bitcoin over an ETF?

👉🏻 unpacking the concept of using Bitcoin as your key every spending currency

👉 is investing in cryptocurrency like investing in shares?

👉🏼 what platforms can you use to invest in cryptocurrencies and how do the fees work?

👉🏽 how much should the average person spend on cryptocurrency?

👉🏾 are there any major risks to investing in cryptocurrency?

👉🏿 how do you keep Bitcoin safe? Is losing Bitcoin an issue?

👉🏻 what is stablecoin?

Sorry for the sound quality after 43 minutes, the audio interface crashed :(

This episode is supported by CoinSpot, Australia’s home base for crypto, trusted by more than three million Aussies.

 Get started safely and easily with as little as $1. Use the code MONEYX3 when you sign up and you’ll receive $20 of free Bitcoin after your first deposit. Learn more at coinspot.com.au.

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Learn more about Nick's story: https://youtu.be/5F1kzFjdLgg?si=n7cXF_iRwQ7yqYpS

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Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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