To help you make sense of the jargon and safely get your hands on some of the worlds most well known digital currency weve put together this beginners guide to buying bitcoin in australia. Weve laid out the steps on how to buy bitcoin in australia below.
If you cant wait to get verified to buy your first cryptocurrency or you want to be more private you can set up in person or cash deposit trades with people who want to sell their bitcoin cash bch for cash.
How to get into bitcoin australia. How to sell large amounts of bitcoin. And further down weve got a more detailed guide on setting up an account with coinspot in case you get stuck. Visit a participating bank branch and well convert your cash into bitcoin.
Long story short our favourite platform at the moment is coinspot its easy to sign up you can use aud and they have 100 coins available for you to purchase including bitcoin. The governor of the rba made bitcoin legal in. Lets say youve collected a hefty amount of bitcoins and you intend to sell most of it.
However there have been large investments into making bitcoin easier to use for smaller payments. In australia we have quite a few options when it comes to cryptocurrency exchanges. Online bank transfer poli recommended.
Bitcoin is still doing well i would not put all my cash in to it bu! t buying just 100 would be what i call low riskand could get y! ou the return of enough for a holiday. Carrying out your transaction through an ordinary exchange isnt the best way to do it especially if youre selling btc worth 50000 or more. Buy bitcoin over the counter using cash at over 1200 participating newsagents in australia.
There is a thriving bitcoin community in australia. A secure payment system to purchase bitcoin online. Here are the different ways you can pay when purchasing from bitcoin australia.
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