Buy Bitcoin in Australia (2019 update) [3 simple steps] | Finder

If you just want the quick answer on how to buy cryptocurrency in Australia, you’ll find a step-by-step below using Swyftx. We like Swyftx because it’s easy to sign up, you can use AUD, and they have 70+ coins available for you to purchase. In Australia, we have quite a few options when it comes to cryptocurrency exchanges, see our detailed comparison here.

For more info on specific coins, cryptocurrency wallets, and exchange comparisons, you can find it below.

Buying and trading cryptocurrency used to be quite complicated, and can still be depending on which exchange you go with.

These days there are a huge amount of cryptocurrency exchanges, so which one should you be using?

In Australia our options may be limited, however there are some excellent Australian crypto exchanges available. When looking for the best exchanges, consider information such as location, currency, available cryptocurrencies and the fees.

Based on our reviews, we’ve created a comparison table below to make it easier for you when considering your options.

Our rating is based on factors such as ease of use, fees, trading features and support.

We hope this detailed list has helped clarify which we believe are the preferred exchanges to use in Australia.

Our suggestion would be to pick one exchange which works for you and stick with it, it will make your life much easier.

Alright, so you want to buy some Bitcoin (aka BTC).

First things first, a quick crash course on buying crypto in general.

Cryptocurrencies are bought through exchanges. Once you’ve signed up with one, you can log in, deposit money (preferably AUD) into your account.

And then you can use that money to buy and trade cryptocurrencies like BTC on the crypto exchange. Our favourite exchange is Swyftx, it’s easy to sign up and they have 70+ coins available for you to purchase (including Bitcoin of course).

Disclaimer: We may receive a commission for purchases made through the links on our site.

However, this does not impact our reviews and comparisons.

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As mentioned above, Swyftx is our go-to for trading cryptocurrencies in Australia, definitely if you’re starting out.

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

You’ll need a Bitcoin wallet before you buy since some exchanges require one.

Don’t have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.

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. If you purchase more than $100 USD (~130 AUD) worth of bitcoins through this link then you get $10 USD (~13 AUD) worth of bitcoins for free!

We may receive compensation when you use Coinbase. Please visit Coinbase for its exact pricing terms.

Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. They charge a ~6% fee on each purchase.

Buying Bitcoin is easier than you might think.

The two main ways of buying Bitcoin are to find a Bitcoin broker and purchase directly, or to visit a cryptocurrency exchange and buy Bitcoin on the open market.

To help walk you through the process, we’ve put together this beginner’s guide to finding a Bitcoin broker or exchange, and buying Bitcoin in Australia.

How did we pick these exchanges? Check out our methodology and read on for our take on each pick.

This is our quick guide to just one way to buy BTC. Compare some other options in the table below.

You can find and compare Bitcoin exchanges and brokers here. Or skip ahead to our curated list of the best BTC exchanges.

By submitting this form, you agree to the Finder Privacy and Cookies Policy and Terms of Use and are members of the Hive Empire group of companies.

I accept the Terms & Conditions and I am not selling Bitcoin for illegal activities

All customers buying cryptocurrency in Australia will need to complete a once-off verification with their
cryptocurrency provider following new regulations implemented from April 1, 2018. This regulation aims to stop
terrorism financing and money laundering.

So you’ve heard all about and have been captivated by the crypto craze, done your research (hopefully) and now you’re ready to make that first step and actually buy crypto to put your curiosity to rest.

In this article we outline some of the cryptocurrency basics as well as give you advice on how to buy crypto in Australia, and then give you some ideas as to how to spend and what to do with them once you have them!

If you have done some research on cryptocurrencies before, you have probably heard of the Blockchain. The Blockchain plays a vital role in the functioning of various cryptocurrencies.

The Blockchain is basically the ledger that holds a record of all the crypto transactions ever made.

Sign up with Coinbase and manage your crypto easily and securely.

With over 100 coins, multiple payment methods and low fees, Cointree is the best place to buy, sell and trade bitcoin, altcoins and all of your favourite digital currencies.

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No complex charts or order books. Simply select the coins you want and trade.

Trading fees as low as 0.05% depending on the type of trade and transaction volume.

Members of ADCA and AUSTRAC.

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