6 Places to buy Bitcoin in Australia
Cryptocurrencies are the future of money and all signs point to a bright future. However, the cryptocurrency market is still in its early stages and there is still a lot of uncertainty around. In the meanwhile, the market is highly volatile, with cryptocurrencies going up and down in value every day. This adds to the risk of investing in Bitcoin, but it also means that there are new opportunities every day!
If you have decided that you are ready to buy some Bitcoin, the next question is where do you buy it from? You don’t want to go to a shady exchange that might get hacked and lose all your coins or an exchange with fees that will eat into your profit. We’ve done all the hard work for you and found six of the best places to answer your question ‘where to buy Bitcoin in Australia?’.
- Coinbase
Coinbase is available in over 30 countries worldwide, making it the go-to choose for many people. Coinbase provides an easy way to convert your local currency into and out of bitcoin and offers low fees, such as 1% for bank transfers, although there are higher fees if you use credit or debit cards, at 3.99%. The platform also offers high security and insurance protection against theft or loss of Bitcoins.
- CoinJar
CoinJar is one of the most popular Bitcoin trading platforms available in Australia today. It is supported by an Android and iOS app for convenient trading on the move and allows users to link their bank account directly to CoinJar’s exchange service. The company was founded in Melbourne, Australia in 2013 and has since expanded its operations globally.
- Independent Reserve
Independent Reserve is a popular digital currency exchange based in Australia. The exchange offers some of the best prices for Bitcoin in Australia and has a simple interface for beginners to start buying cryptocurrency.
- BTC Markets
BTC Markets is an Australian-based cryptocurrency exchange that also supports fiat deposits from local bank accounts within Australia via Osko and PayID. The platform allows users to deposit funds with AUD, USD and NZD via bank transfer without any fees, although there is a fee for credit card payments (3% +$0.50). BTC Markets is an Australian Bitcoin and cryptocurrency exchange, headquartered in Melbourne. It allows users to buy and sell Bitcoin as well as over 300 other cryptocurrencies using AUD as well as USD, NZD and other currencies for crypto-to-crypto trading pairs. BTC Markets has reasonable fees, but its verification process can take quite some time due to high demand from users., which can lead to delays in getting your bitcoins or ethers into your wallet.
- CoinSpot
Coinspot’s exchange rate is usually very close to market rate (within 1% of Market Rate) making it an ideal place for buying bitcoin. Its fees are also much lower than other places such as Coinbase or CoinJar – meaning you get more for your money! Make sure you check out CoinSpot before making any decisions about where you want to purchase cryptocurrency from!
- Bit Trade Australia
Bit Trade Australia Pty Ltd provides a fast reliable exchange service for Bitcoin. Customers can purchase Bitcoin with a debit card, Flexepin voucher or bank transfer.
