Should I Invest in Crypto? // Buying Bitcoin using Luno

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This video is about me exploring cryptocurrency through putting some money into #Bitcoin through #Luno

It took me awhile to warm up to buying #cryptocurrency due to not understanding how to value it but I do like the idea of blockchain transparency and accessibility and decentralisation of the financial system.

I figured the best way is to follow a Portfolio Allocation strategy of allowing a maximum 1-2% of my investments for Bitcoin. Given this it wouldn’t move the needle much in wealth gains or losses. It works out well for me as I can keep my FOMO at bay.

// 💎 Sign up for LUNO using my referral link!
input promo code: LNSUYIN50
– Only valid for new users and purchases made from Instant Buy/ Sell platform (2% fee, after this buy through the Exchange platform for more affordable fees!)
– Buy RM500 crypto and get additional RM50 BTC* (Bitcoin only, my mistake)
– Validity: 5 October 2020- 31 December 2021

Contact: support@luno.com

I receive a small kickback and you will receive RM50 in BTC //

// 💎 Luno SINGAPORE referral code:
LUNOWEBSG
– Buy SGD 200 and get SGD20 of BTC free
– valid till 31 Dec 2021
– same terms applies

I chose Luno as I liked the idea of using a custodial wallet that is reputable and operates across a number of different countries. And also because I am terrified of losing the keys to an external wallet and forever losing access to the cryptocurrency haha. Overall, it’s been a good and straight forward experience investing (speculating?) into bitcoin using Luno so far.

Resources:
Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond https://amzn.to/32SiJoq (recommended by my friend John from FIRL)
https://markets.businessinsider.com/currencies/btc-usd
https://www.investopedia.com/terms/b/blockchain.asp
https://www.luno.com/en/countries/MY (fee details)
https://www.luno.com/en/legal/rewards-and-promotions

Credit:
Music from https://freetouse.com
Track: Ikson – Paradise
Track: Ikson – Blue Sky


\Disclaimer: I am by no means a professional advisor on finances. I am not a certified financial planner, I am a regular person who wants to give back by sharing my personal knowledge. I mainly share what has and is working for me. This is for your viewing /entertainment pleasure and I hope it assists you on your empowerment journeys too 🙂

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