How to micro-invest in cryptocurrency in Australia

Let’s break them up. The word micro means small. The term investing simply refers to setting money aside resources to buy things that will become more valuable over time.

Micro-investing simply refers to investing a small amount of money in a particular asset consistently over a period of time. This helps you to gradually grow your investment in an asset class, thereby eliminating the entry bar for investing.

Micro-investing platforms enable you to start buying assets – like cryptocurrency – with as little as $1. You can then make it a habit by putting aside as little as $5 every week to buy more cryptocurrency. With the value of cryptocurrency increasing over time, your small amounts can potentially be worth thousands in the future.

The general idea behind micro-investing is that there is no such thing as “not enough to stat investing.”. Platforms like Raiz and Chillur help you automate this process by taking away the stress of accounting for every small amount saved and keeping your investing process consistent.
‍
More often than not, stocks of established companies with the potential for growth are quite expensive; some go for as high as $1000 per share. Similarly, the price of 1 Bitcoin in 2022 was anywhere between $40-70,000. The average Australian probably doesn’t have enough funds to buy this all at once. This is where micro-investing helps.

With micro-investing, you accumulate shares in a particular stock or parts of Bitcoin over time without minding the movement of the stock or cryptocurrency during specific periods. As a result, you could buy more shares in a month with $20 and less the next month with the exact same amount. For long term investments, this has proven profitable because wealth is gradually accumulated over time.

To make this process easier, there are platforms that automate this process and they are in high demand. Platforms like Raiz and Chillur help facilitate micro-investing with ease.

For example, Raiz helps its users save their spare change automatically. This is then invested in a diversified portfolio of exchange-traded funds (ETFs). Raiz makes it easy for you to micro-invest, allowing you to start with as little as $5. They allow their users to invest through either lump-sum deposits or recurring investments and rounding up.

Chillur has taken micro-investing a step further as they improve on services offered by other platforms and have included micro-investing into cryptocurrencies amongst their services. Chillur doesn’t focus on the stock market; rather, the platform’s focus is to help beginners invest in cryptocurrencies through micro-investing.

Micro-investing in cryptocurrency is the way to go if you are developing patience and want to build sustainable, long-term wealth.

If micro-investing didn’t have benefits, it would have faded out of existence. The benefits of micro-investing keep people interested in this long-term form of investment?

Suitable for beginners

It is suitable for beginners. If you have never invested before, micro-investing is the best way to start. You do not have to spend large amounts of money, you do not have to check the market at every turn, and you don’t have to go through the steep learning curve.

Low barrier to entry

One major benefit of micro-investing is that it has a low entry barrier. With micro-investing, you do not need a thousand dollars to start investing. With the right platform, you can start with as little as $5.

Develop positive habits

It helps you develop a savings habit. Having just about $5 stashed away from your account occasionally would not seem to make a dent in your account. If you check back on your micro-investment platform after a year or two, you will be surprised at how much you’ve saved. 

Power of compounding

Compounding. You do not necessarily have to watch how your capital increases as long as you are consistently accumulating the same amount over time. With micro-investment, you easily learn to compound over time and reap the huge rewards of it. 

How do you know if micro-investing is right for you? What should you look out for in yourself if you want to enter into micro-investing? The truth is that micro-investing is for everyone, but there are a few things that could make it easier for you to micro-invest.

It’s safe to answer “yes, micro-investing is right for me” if you…

1. Are willing to save money. Over time, a savings habit helps you stay consistent with micro-investing, especially if you are not using an automated service platform.

2. Are a complete novice at investing. If you lack advanced investment knowledge, micro-investing is ideal for you.

3. Are not bothered, or don’t want to be bothered, by price fluctuations. Micro investment involves investing in cryptocurrency consistently over time, despite movements in price. If you are not worried or bothered about these movements, then micro-investing is perfect for you.
‍
4. Want to build long-term wealth. When you start micro-investing in cryptocurrency, you do not expect to receive a profit in a few weeks. Micro investing in cryptocurrency is the way to go if you are developing patience and want to build sustainable, long-term wealth.

Micro-investing in cryptocurrencies is an ideal way to get started for almost everyone. Many cryptocurrencies have dramatically increased in price and could be difficult to invest in as a whole, but following the micro-investing system helps you to…

1. Invest in cryptocurrencies little by little. This is the obvious benefit of micro-investing as a system. It allows you to get into the system without threatening too much of your capital.

2. It helps to diversify your investment portfolio. Ever heard the idiom “don’t put all your eggs in one basket”? Micro investing enables you to set aside negligible amounts to invest in cryptocurrencies.

3. Cryptocurrencies have room for a lot of growth. Micro investing can be a gateway to snagging a piece of this growing pie.

You can buy cryptocurrency through any digital currency exchange. All digital currency exchanges in Australia are regulated by AUSTRAC.

Chillur is an Australian digital currency exchange, registered and regulated by AUSTRAC, that specialises in cryptocurrency investing.

We simplify the process of cryptocurrency investing through Bundles.

You can micro-invest in cryptocurrency in Australia using the buy and hold strategy using Chillur in three easy steps.

Step 1: Create an account

Create your Chillur account using an email address and password. You will then need to verify your identity using either your passport or drivers licence.

Step 2: Buy a cryptocurrency bundle

Buy a bundle of cryptocurrencies – either Chillur 10 or NFT 15.
‍
Just use your banking app or web banking to transfer funds to your Chillur account.

Once the funds settle (1-2 business days), the system will automatically buy the bundles you picked.

Congratulations – You are now micro-investing in cryptocurrency!

Step 3: Track your investment performance

Simply login into your Chillur account and track the performance of your portfolio either through a laptop or your mobile phone.

Remember, micro-investing is a journey to build long term wealth. Aim to make investing a habit by putting in small amounts of money consistently every week.

Chillur offers a product called Chillur Earn where you can start seeing the benefits from your micro-investment the very next day.

With Chillur Earn, you use your money to buy a cryptocurrency called USD Coin (aka USDC). Once you buy USDC, you can earn interest in your holdings every day with the interest compounding daily.

You can micro-invest in cryptocurrency in Australia using the buy and hold strategy using Chillur in three easy steps.

Step 1: Create an account

Create your Chillur account using an email address and password. You will then need to verify your identity using either your passport or drivers licence.

Step 2: Buy USDC as part of Chillur Earn

Chillur Earn enables you to earn daily interest on your USDC holdings.

The bigger your USDC balance, the more you earn every day in compound interest.

Step 3: Track your investment performance

Simply login into your Chillur account and track the performance of your portfolio either through a laptop or your mobile phone.

One thing you would have realised is that cryptocurrency investing is super easy. And that is the truth. Most people get tripped up because they just don’t start, not because it’s difficult.

In fact, the most common reason that most people give for not investing is that they don’t know where to start. The second most common reason is that they just haven’t gotten around to doing it.

Hopefully, this article has helped you overcome the first question. And now that you know the answer to how to micro-invest in cryptocurrency in Australia, you are ready to take the first step.