Buy bitcoin in australia

Buy Crypto & Bitcoin in Australia

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Swyftx, established in 2017, aims to make crypto buying super simple for beginners with an easy to understand user interface, great guides, fast chat support, and an app for every device.

This is an ad. We may receive compensation when you use Swyftx. Please visit Swyftx for its exact pricing terms.

• fast chat and phone support
• 230 trading pairs
• multiple payment methods
• Supports automatic recurring purchases
• Instant verification

• ID verification required when depositing AUD

CoinSpot, established in 2013, is a popular Bitcoin & cryptocurrency exchange based in Australia. CoinSpot provides a simple and easy to use interface with a wide selection of features. Users can deposit via POLi, PayID, BPAY, cash deposit or direct deposit.

The exchange supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) & 100+ other coins. OTC trading is also available.

This is an ad. We may receive compensation when you use CoinSpot. Please visit CoinSpot for its exact pricing terms.

• Local exchange based in Australia
• Wide range of cryptocurrencies
• Free & instant deposits
• Registered with AUSTRAC
• Support available 24/7

• ID verification required when depositing funds

Established in 2013, CoinJar is the easiest way to buy, sell, store and spend digital currency. CoinJar’s iOS and Android apps allow users to trade cryptocurrencies on the go, while CoinJar Exchange and CoinJar OTC Trading Desk cater for professional traders, as well as SMSF, individuals and institutions looking to make larger transactions.

This is an ad. We may receive compensation when you use CoinJar. Please visit CoinJar for its exact pricing terms.

• Low trading fees at just 1%
• Clean interface makes it easy for first-time buyers
• Instant bank transfer with NPP / Osko / PayID
• Australian crypto exchange established in 2013

• Verification required in order to trade

EasyCrypto.ai is a non-custodial exchange that supports over 40 cryptocurrencies including Bitcoin, Ethereum, and XRP. They also offer a full OTC desk for Corporate and SMSF trading. Best of all is their simple 1% fees with no hidden costs added at checkout.

This is an ad. We may receive compensation when you use easycrypto.ai. Please visit easycrypto.ai for its exact pricing terms.

• Non-custodial
• low 1% fees
• Fees are easy to understand — no hidden fees

• Few payment options, but more coming later this year

Established in 2013, Independent Reserve is one of the most trusted exchanges in Australia & New Zealand. It caters to retail users, traders, SMSFs and institutions. You can buy Bitcoin using EFT, Osko/PayID, POLi and SWIFT. They use encrypted, geo-dispersed data centres and top tier underground vaults to protect your data and crypto.

This is an ad. We may receive compensation when you use Independent Reserve. Please visit Independent Reserve for its exact pricing terms.

• Supports automatic buying at set time interval
• Wide range of payment methods
• Support for AUD, NZD, and USD
• Fees start at 0.5% but may fall as low as 0.05%, depending on trading volume
• Premium account with insurance on crypto assets

• User interface is confusing for first time buyers

eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.

Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

• Offers unique copy trading feature
• Trusted exchange that has been active in traditional finance
• Interface is clean and easy to use

• You cannot deposit cryptocurrency, but you can deposit with other payment methods

Residents of Australia can use Coinbase to purchase bitcoins with a debit card. The fees are 3.99% per purchase, and your bitcoins are delivered instantly.

• High liquidity and buying limits
• Easy way for newcomers to get bitcoins
• «Instant Buy» option available with debit card

• Purchases made with bank transfer can take up to 5 days to complete
• Coinbase may track how and where you spend your bitcoins

Coinbase’s exchange, Coinbase Pro, is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Pro offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.

• Some of the lowest fees available for US and EU customers
• Possible to buy bitcoins for 0% fees

• User interface is confusing for first time buyers

BuyaBitcoin is Australian Bitcoin broker. You can use the service to buy bitcoin via cash deposit for 4.9% fees. Your coins are usually delivered within an hour.

• Fast delivery of bitcoins
• Only verification required is a mobile phone number

• High fees for buying bitcoins with cash

Coin Loft is an Australian Bitcoin broker. You can buy bitcoin with cash deposit, credit card, Flexepin, and POLi. If you purchase with cash, your coins are delivered within an hour.

• Established and trusted broker
• Wide range of payment methods
• Only Australian service accepting Flexepin

• 4% fee is rather steep for cash purchases
• 9% cumulative fee for credit card purchases is very high
• Identity verification is required, even for cash payments

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they’re also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

• Our map makes it super easy to find a Bitcoin ATM near you

• Bitcoin ATMs often have 5-10% fees per purchase

Chapter 1

Bitcoin & Cryptocurrency Trading in Australia

One of the easiest ways to buy Bitcoin in Australia is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Australia, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.

Ledger Nano X

• SCREEN:
• RELEASED: 2019
• PRICE: $145

Ledger Nano S

• SCREEN:
• RELEASED: 2016
• PRICE: $72

TREZOR T

• SCREEN:
• RELEASED: 2018
• PRICE: $189

TREZOR One

• SCREEN:
• RELEASED: 2013
• PRICE: $79

Another way to buy Bitcoins in Australia is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them only require a telephone number for verification, so long as you aren’t buying a lot of Bitcoin. You can use our Bitcoin ATM finder tool to locate one near you.

Chapter 2

Top Bitcoin & Cryptocurrency Exchanges in Australia

Australia has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

Chapter 3

Best Bitcoin Wallets for Australia

There are three main types of Bitcoin wallet and all of them are supported in Australia:

• Software (desktop or mobile — iOS and Android wallets
• Hardware wallet
• Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

Best for Security

Ledger Nano X

Secure storage for any cryptocurrency

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

Zengo

Best for storing crypto for short period of time

ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.

Best for Desktop

Electrum

Simple yet powerful desktop wallet

Electrum is a Bitcoin-only wallet that has been around since 2011. It’s easy to use, but has advanced features.

Chapter 4

How to Buy Ethereum in Australia

Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Australia that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

Chapter 5

How to Buy Dogecoin in Australia

Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.

Chapter 6

How to Buy Litecoin in Australia

Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Australia that allow you to buy litecoin and other crypto assets for good exchange rates.

Chapter 7

Exchange Hacks and Crypto Scams in Australia

As of January of 2021, we could find no exchange hacks or significant scams affecting Australia or its citizens. We will update this page if/when any news of scams or exchange hacks occur in Australia.

Chapter 8

Does Coinbase work in Australia?

Citizens of Australia can convert and buy cryptocurrencies with fiat. Supported payment methods are:

Where Can I Find a Bitcoin ATM in Australia?

Australia offers several ATMs for its citizens to buy Bitcoins with Cash

You can use our Bitcoin ATM finder tool to find one near you.

What is the price of Bitcoin in Australia?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

How do I cash out of Bitcoin in Australia?

Any exchange with am Australian Dollar trading pair will allow you to sell your Bitcoin for fiat currency. Coinjar has AUD trading pairs for many popular coins.

Another way to sell Bitcoins in Australia is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren’t totally private. You can locate Bitcoin ATMs in Australia using our Bitcoin ATM Map.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you’ll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.

About the Author: Jordan Tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.

He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet’s most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.

To learn more about Jordan, see his full bio.

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