Weve laid out the steps on how to buy bitcoin in australia below. Online bank transfer poli recommended.
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Buy bitcoin over the counter using cash at over 1200 participating newsagents in australia.
How to get into bitcoin australia. The governor of the rba made bitcoin ! legal in. However there have been large investments into making bitcoin easier to use for smaller payments. 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.
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. Here are the different ways you can pay when purchasing from bitcoin australia. Carrying out your transaction through an ordinary exchange isnt the best way to do it especially if youre selling btc worth 50000 or more.
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. There is a thriving bitcoin community in austr! alia. Bitcoin is still doing well i would not put all my cash ! in to it but buying just 100 would be what i call low riskand could get you the return of enough for a holiday.
A secure payment system to purchase bitcoin online. And further down weve got a more detailed guide on setting up an account with coinspot in case you get stuck. Lets say youve collected a hefty amount of bitcoins and you intend to sell most of it.
Visit a participating bank branch and well convert your cash into bitcoin. In australia we have quite a few options when it comes to cryptocurrency exchanges. How to sell large amounts of bitcoin.
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