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Buy Bitcoin in Australia | Buy BTC in 4 Steps (2024)

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Buying Bitcoin in Australia is now easier than ever, in this article, we will detail how you can purchase Bitcoin (BTC) and other cryptocurrencies from any state in Australia.

How to Buy Bitcoin (BTC) in 4 Steps

The whole process can take as little as 10 minutes and all you'll need is a smartphone or computer, photo identification and a means of payment.

  1. Compare Crypto Exchanges – We list the top cryptocurrency exchanges that offer the ability to buy Bitcoin (BTC) cryptocurrency.
  2. Create an account – Verify your email address and identity.
  3. Make a deposit – Debit Card, Credit Card, Wire Transfer, or Bitcoin.
  4. Buy Bitcoin – Use your funds to Buy BTC.

Best exchanges to Buy Bitcoin (BTC) & Other Crypto in Australia

1. Paybis

Paybis is an extremely trustworthy starting point for buying Bitcoin (BTC) and other cryptocurrencies in Australia. They have been around since 2014 and helped many traders get their start in crypto trading with the convenience of needing only your credit or debit card to buy.

You will need a third-party wallet when buying through Paybis as they simply facilitate your transaction but the entire sign-up process can be complete in less than 15 minutes according to the company. This includes a very transparent yet convenient range of KYC checks to conform to regulation and ensure a safe trading experience for you.

They are a truly global company offering services not only in Singapore but more than 100 other nations around the world. The fees you will encounter here are good value and competitive with others in the sector depending on the payment method you use.

At Paybis you will also find a wide range of educational content on all aspects of trading cryptocurrency that can be very helpful if you are a beginner in the sector.

Read our Paybis Review or visit Paybis.

2. Kraken

Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.

From humble beginnings, Kraken now offers over 200 digital assets including Bitcoin (BTC). For more sophisticated investors Kraken also offers futures and margin trading.

Kraken has continued to evolve its platform, and its commitment to the industry by being one of the first exchanges to offer buying opportunities on new tokens.

Kraken offers trading access to over 190 countries including Australia.

Read our Kraken Review or visit Kraken.

2. Binance

Since being founded in 2017 by Changpeng Zhao, Binance has become one of the most reputed cryptocurrency exchanges in the world. They are regulated in Malta and trusted by traders around the world on a daily basis with a huge volume of transactions.

As they continue to evolve their offering to meet trader needs, you can now buy bitcoin in Australia instantly and directly from Binance using your credit, debit card or number of other safe payment methods. You will find the fees for this style of crypto purchase are a little higher than their industry-leading exchange fees, but they still rank among the best for value. You can expect a transaction fee of 1.5%-3.5% depending on the payment method you use.

The sign-up and verification process at Binance is also one of the fastest and most convenient in the sector. Within just a few minutes the needed documents can be electronically uploaded and automatically verified for you to start trading. As one of the biggest names around, you can look forward not only to buying Bitcoin but also hundreds of other cryptocurrencies in a selection that is growing all the time. Also offered is their own hugely popular Binance Coin (BNB).

At Binance you will also find: More than 200 cryptocurrencies including major cryptos and altcoins with more being offered all the time.

Feel free to check out our complete Binance Review, or go to the Binance exchange to sign-up. Use Discount Code: EE59L0QP to claim a 10% cashback on trading fees.

Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.