Guide to Buying Cryptocurrency in Australia



How to buy Bitcoin (and other cryptocurrencies)

Are you looking to buy Bitcoin or other Cryptocurrencies?

Below is a list of trusted exchanges, handpicked for security and reliability.

Please note, signing up for any cryptocurrency exchange is not an instant process as there are a few important steps involved before you can actually purchase Bitcoin or any other cryptocurrency:

1. Sign up to the exchange (this bit’s easy!)

2. Verify your identity (just like a bank account, before you can start trading you’ll need to verify your identity and your address. Often a licence, passport, a selfie (sometimes holding up a signed declaration), and a utility bill are required for verification. This step can take a few days as it has to pass the manual verification process. 

3. Depending on the payment methods accepted by the exchange, you may need to verify your bank account or wait for a transfer to go through before you have money on the platform which can then be converted to the currency of your choosing. 

As you can see – the process is not instant. But once you’ve finished – you’ll be free to trade freely in the highly lucrative world of cryptocurrencies!

SIGN UP TO OUR MAILING LIST FOR GREAT CRYPTOCURRENCY TIPS!

The crypto market is highly volatile and rapidly evolving – make sure you stay up to date or risk losing your money or missing out on great opportunities!

Just put your email address in below:

Recommended Exchanges:

CoinSpot

www.coinspot.com.au
Advantages and Disadvantages:
  • Over 100 different cryptocurrencies - biggest range in Australia
  • Purchase in AUD using POLI or BPAY
  • The only site on this list which allows AUD withdrawals as well as deposits
  • Exchange rate a little higher than other sites (0.9% - 3%)
Popular

CoinBase

www.coinbase.com
Advantages and Disadvantages:
  • Supports over 20 different countries
  • Supports credit card payments (but only up to $250/week)
  • Only 4 currencies available - Bitcoin, Litecoin, Ethereum, Bitcoin Cash

Binance

www.binance.com
Advantages and Disadvantages:
  • Excellent low fees - cheapest in the world (from 0.25-0.5%)
  • Huge range of cryptocurrencies
  • No support for fiat currencies (AUD, USD, etc.) so you must purchase first then transfer to Binance
Popular

Bitstamp

www.bitstamp.com
Advantages and Disadvantages:
  • Good rates and well trusted platform (one of the first)
  • A good range of currencies
  • No support for AUD deposits or withdrawals

Poloniex

www.poloniex.com
Advantages and Disadvantages:
  • Good rates
  • A range of currencies
  • No support for AUD deposits or withdrawals

SIGN UP TO OUR MAILING LIST FOR GREAT CRYPTOCURRENCY TIPS!

The crypto market is highly volatile and rapidly evolving – make sure you stay up to date or risk losing your money or missing out on great opportunities!

Just put your email address in below:

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