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How to Buy Your First Bitcoin

How to Buy Bitcoin

Buying Your First Bitcoin is Easy!

Simply follow these steps and you’ll be investing in the cryptocurrency market in no time.

Note: A common misconception is that you need to purchase an entire Bitcoin (also known as BTC) at one time. This is not true! You can purchase any dollar amount you wish and you’ll be transferred a percentage of a whole Bitcoin. For example, as of 13/11/2017, if you were to deposit $100AUD into CoinSpot, you’d get approximately 0.012 worth of Bitcoin in return. A $1000 deposit would give you 0.12 BTC, and so on.


1.) Create a CoinSpot (or Coinbase) Account

For Australian readers I recommend CoinSpot because it is Australian based and accepts POLi, BPAY and cash. For international readers I recommend Coinbase as it accepts multiple currencies (other than AUD). Both have low fees and are extremely easy to use.

CoinSpot (for Australian readers)

  1. Go to
  2. In the menu, click ‘Register’
  3. Enter your preferred email and password. In the ‘Referred by email’ enter
  4. Click ‘Create Account’
  5. Once inside your account, click ‘Account -> Verification’
  6. Complete all steps in your account including entering your personal information and completing the verification process. Note: you cannot proceed to step 2 below until CoinSpot have verified your account. This process can take anywhere between 1-24 hours.

Coinbase (for international readers)

  1. Go to (when you sign up with this link and buy or sell $100 of Bitcoin or more, we’ll both earn $10 of FREE Bitcoin!)
  2. Enter your name, email address and password
  3. Click ‘Sign Up’
  4. Go to your email account and verify your email address
  5. Enter your phone number to verify your phone (a 7 digit code will be sent to you)
  6. Complete all steps in the account settings including entering your personal information and completing the verification process. Note: you cannot proceed to step 2 below until Coinbase have verified your account. This process can take anywhere between 1-24 hours.


2.) Deposit Funds and Buy Bitcoin

CoinSpot (for Australian readers)

You can deposit funds via POLi, BPAY or cash.

  1. In your CoinSpot account, click ‘Dashboard’
  2. Click ‘Deposit AUD’
  3. Select your preferred payment method, enter the amount you wish to deposit, and click ‘Continue’
    Note: POLi is recommended because it has the lowest fees and the transfer of funds to your CoinSpot account is instant. Choosing POLi will allow you to log in directly to your bank account and instantly process the transaction.
  4. Proceed through the steps relating to your chosen payment method

Once your funds appear in your CoinSpot dashboard (within a few seconds if using POLi), you’re ready to buy your first Bitcoin.

  1. Click on ‘Buy BTC’
    Buy Bitcoin
  2. Enter how many dollars worth of Bitcoin you wish to purchase and click ‘Buy BTC’

That’s it! In a few minutes you’ll have Bitcoin in your CoinSpot wallet. These can be kept in your CoinSpot wallet or transferred to another wallet/platform.

Coinbase (for international readers)

  1. In your Coinbase account, click ‘Buy/Sell’
  2. Select the currency you wish to purchase, your payment method and the amount you wish to purchase in your local currency
    Buy and Sell Bitcoin on Coinbase
  3. Ensure your details are correct
    Check cryptocurrency payment details
  4. Click ‘Buy Bitcoin Instantly’ and then ‘Confirm Buy’. Your BTC will be added instantly to your account and you can leave it in Coinbase or transfer to another wallet.

About Me

Brad Russell: Network Marketer, Entrepreneur + SEO Expert

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Brad Russell is a leading authority on multi-level marketing, SEO and e-commerce. Since retiring from the corporate business world at just 29, he has had outstanding success in the network marketing industry and is recognised as Australia's #1 seller of Isagenix products in 2014, 2015, 2016 and 2017.

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