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Buy Bitcoin in Australia | Buy BTC in 4 Steps (June 2023)
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Table Of Contents
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.
- Compare Crypto Exchanges – We list the top cryptocurrency exchanges that offer the ability to buy Bitcoin (BTC) cryptocurrency.
- Create an account – Verify your email address and identity.
- Make a deposit – Debit Card, Credit Card, Wire Transfer, or Bitcoin.
- Buy Bitcoin – Use your funds to Buy BTC.
Best Brokers to Buy Bitcoin (BTC) & Other Crypto
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, Canada, Europe, and is our most recommend exchange for USA residents. (Excluding New York & Washington state)
Read our Kraken Review or visit Kraken.
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.
Paybis is an excellent choice if you are looking to buy Bitcoin in Australia or some of the numerous other cryptocurrencies they have on offer. Since starting out in 2014 they have steadily built on a strong reputation and are now the choice of many for convenient Bitcoin purchases by credit or debit card.
As they simply facilitate your transaction, you will require another third-party wallet for storage but the entire process can be completed very quickly with guidance available at every point. Paybis also take security very seriously and to that end implement stringent security procedures and follow all the required KYC and AML checks.
You will get for that not only a broker that is well known and offers services in Australia but around the world in more than 100 other countries. If you are new to the industry Paybis may also be an ideal choice since they offer a dedicated range of educational content that can help you develop at no additional cost.
At Paybis you will also find: Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and Stellar Lumens (XLM), Tether (USDT), Binance (BNB), Neo (NEO), Tron (TRX).
You can find more information in our Paybis review, or go to Paybis right now to sign up and make your purchase.
4. Easy Crypto
Easy Crypto was founded in 2017 and features a beginner-friendly and easy to use platform that enables users to quickly choose from 140+ cryptocurrencies including Bitcoin (BTC). They offer multiple payment options including POLi payments, or to transfer funds from your Australian bank account you can use Account2Account, OSKO or a bank deposit.
Once payment is complete your Bitcoin (BTC) cryptocurrency can be sent anywhere including Ledger or Trezor hardware wallets.
Easy Crypto is regulated and is registered as a Digital Currency Exchange in Australia with AUSTRAC Registration: DCE100581366-001.
Read our Easy Crypto Review or visit Easy Crypto.
5. Independent Reserve
Independent Reserve is an Australian exchange that offers an easy way to purchase Bitcoin (BTC). It has over 200,000 customers and is trusted by over 8,000 Self-Managed Super Funds.
The team is super transparent, and the CEO Adrian Przelozny is a board member of Blockchain Australia. It offers 24/7 responsive customer support and is located at Level 26, 44 Market Street Sydney, 2000 New South Wales, Australia.
This exchange is extremely easy to use, and it allows you to buy directly with Australian dollars.
At Independent Reserve you will also find: : Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Chainlink (LINK), Ripple (XRP), Stellar Lumens (XLM), Litecoin (LTC), Maker (MKR), Dai (DAI), Compound (COMP), The Graph (GRT), Tether (USDT), Binance (BNB), OmiseGo (OMG), and Kyber Network (KNC).
Read our Independent Reserve Review or visit Independent Reserve.
Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.
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