CoinSpot

- Trade BTC and 410 other cryptos.
- Easy deposits and withdrawals.
- Get $20 in BTC when you make a deposit. T&Cs apply.
There are a number of platforms that let you buy Bitcoin (BTC) in Australia. These include crypto exchanges, share trading platforms and crypto wallets.
Most of these platforms will require you to upload some photo ID using a phone or computer before you can make a purchase.
You can then deposit funds using a payment method like bank transfer, PayID or debit card and buy your Bitcoin.
To find a platform that suits you, start by thinking about what payment method you would like to use. Then choose a platform that accepts it from our tables below. We've analysed each platform on fees and payment methods to help you make a better decision and avoid paying high fees where possible.
You can also learn about how the various types of platforms that sell Bitcoin in Australia differ. We explain the strengths and weaknesses of each and what investment style they're best suited to.
The following steps are for Australian residents and should work with most cryptocurrency exchanges, investing apps and brokers.
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This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
The easiest way for a beginner to buy Bitcoin is usually through a crypto exchange.
However, what's best for you will depend on your preferred payment method and investment goals.
To help you choose, we've analysed 25 cryptocurrency trading platforms in Australia on things like fees and payment methods.
Our goal is to help you find the platform that best suits your needs and budget. All of the platforms on this page are registered with AUSTRAC (Australian Transaction Reports and Analysis Centre), which regulates digital currency exchanges in Australia.
Many crypto platforms support free and instant bank transfers in Australia. This includes PayID and Osko.
Once you've passed a know your customer (KYC) check, you can deposit AUD from your bank account and will usually be able to swap it for Bitcoin within minutes.
Below is a list of reputable platforms that support deposits via bank transfer, Osko or PayID and offer some of the lowest fees in Australia, based on our research.
Platform | Supported cryptos | Trading fees | Regulator registration | |
---|---|---|---|---|
CoinSpot
| 411+ | Very low (0.1–1%): Approximately $1.00 of fees per $1,000 BTC purchased using a market order. | AUSTRAC | Go to site |
Kraken
| 223+ | Very low (0.26%): Approximately $2.60 of fees per $1,000 BTC purchased on the spot market. | AUSTRAC | Go to site |
Swyftx
| 323+ | Very low (0.6%): Approximately $6.00 of fees per $1,000 BTC purchased on the spot market. | AUSTRAC | Go to site |
An increasing number of Australian cryptocurrency platforms now support buying Bitcoin with a debit card.
A benefit of buying bitcoin with a debit card is that the process is often simplified and designed for beginners and or people that have never invested in cryptocurrency before.
The downside is that the fees are typically higher than when you pay using a bank transfer or PayID.
Below is a list of reputable platforms that support purchases of Bitcoin using debit card and offer some of the lowest fees in Australia, based on our research.
Platform | Supported cryptos | Trading fees | Regulator registration | |
---|---|---|---|---|
CoinJar
| 69+ | Average (2%): Approximately $20.00 of fees per $1,000 BTC purchased using a debit card. | AUSTRAC | Go to site |
Independent Reserve Not rated yet | 28+ | Average (2%): Approximately $20.00 of fees per $1,000 BTC purchased using a debit card. | AUSTRAC | Go to site |
CoinSpot
| 411+ | Average (2.58%): Approximately $25.80 of fees per $1,000 BTC purchased using a debit card. | AUSTRAC | Go to site |
Buying Bitcoin with a credit card might seem convenient at first glance, but once you add up the purchasing fees, any interest payments or charges from your card issuer, it may not end up being the most cost-effective option.
There are also a number of additional risks and considerations when using a credit card. Read our dedicated guide on buying Bitcoin with a credit card before making a purchase.
Of all the payment methods listed on this page, buying Bitcoin with a credit card is typically the most expensive. To help you, we've put together a list of some of the platforms with the lowest credit card fees in Australia, based on our research.
Platform | Supported cryptos | Trading fees | Regulator registration | |
---|---|---|---|---|
CoinJar
| 69+ | Average (2%): Approximately $20.00 of fees per $1,000 BTC purchased using a credit card. | AUSTRAC | Go to site |
CoinSpot
| 411+ | Average (2.58%): Approximately $25.80 of fees per $1,000 BTC purchased using a credit card. | AUSTRAC | Go to site |
Binance Australia
| 372+ | Very high (3.5%): Approximately $35.00 of fees per $1,000 BTC purchased using a credit card. | AUSTRAC | Go to site |
PayPal is only accepted by a small number of cryptocurrency platforms in Australia. This is because PayPal allows for chargebacks, which causes problems when buying and selling crytocurrency.
You may have heard of people purchasing Bitcoin directly from the PayPal app, but this feature is not currently available to Australian users.
If you want to learn more about buying Bitcoin with PayPal in Australia, you can read our dedicated guide
Otherwise, check out the table below for a list of platforms that let you buy Bitcoin with PayPal in Australia.
Platform | Supported cryptos | Trading fees | Regulator registration | |
---|---|---|---|---|
Independent Reserve Not rated yet | 28+ | Very low (0.5%): Approximately $5.00 of fees per $1,000 BTC purchased on the spot market using a PayPal deposit. | AUSTRAC | Go to site |
eToro
| 80+ | Average (2.5%): Approximately $25.00 of fees per $1,000 BTC purchased using PayPal. | ASIC | Go to site |
In Australia, you typically buy Bitcoin from an online platform called an exchange, which can be accessed through a website or smartphone app.
The most common type of websites to buy Bitcoin from are called cryptocurrency exchanges.
They specialise in buying and selling cryptocurrencies and sometimes offer additional services dedicated to cryptocurrency.
The other type of website is an online share trading platform, which usually sells shares, ETFs and commodities alongside cryptocurrencies.
These platforms tend to be focused on traditional assets rather than crypto and will have fewer coins and tokens available than a dedicated crypto exchange.
The majority of cryptocurrency exchanges and share trading platforms now offer smartphone apps.
You can also buy Bitcoin from a cryptocurrency wallet, a special Bitcoin ATM or via a peer-to-peer (P2P) marketplace, although these options are less beginner-friendly.
Buying BTC on a crypto exchange is the most common way to invest in Bitcoin.
Exchanges such as CoinSpot, Swyftx and Kraken are some of the most widely used crypto exchanges. They also enable you to buy other cryptocurrencies if you want to expand your portfolio beyond BTC.
Most Australian exchanges let you buy Bitcoin instantly using cash deposited from a bank account.
Some also let you buy with debit card or credit card. Be aware though that purchasing Bitcoin with a card is typically the most expensive option.
Spot market trading is offered by some exchanges in Australia. It is a slightly advanced way to buy BTC and it requires placing bids and offers. Trading fees are often lowest when you use this method, but it will take a bit of getting used to if you've never traded on a spot market before.
Holding your Bitcoin on a centralised platform like an exchange means trusting the exchange to protect your assets. Assets held on an exchange are at risk of hacks, phishing attacks and potential mismanagement by the exchange operators.
To help avoid these risks and have complete control over your Bitcoin, consider withdrawing your funds to a personal wallet after you have completed your purchase.
Online share trading platforms allow you to manage various investments, such as cryptocurrency, shares and ETFs in one location.
Platforms such as eToro, IG and SelfWealth are popular options, with eToro now having quite a strong focus on crypto alongside traditional assets.
Although trading platforms and apps will give you direct exposure to the price of Bitcoin, they may not give you the actual coins to withdraw.
This is one of the major differences between cryptocurrency exchanges and online share trading platforms.
This means you may not be able to move your BTC off the platform to your personal wallet or another platform. This simplifies the experience but may be an issue for anyone who wants the full experience and security of using crypto.
If you plan on using your cryptocurrency for payments or with Web3 apps, then you will need to be able to withdraw it to a personal wallet. In this case, you need to make sure you buy it on a platform that allows withdrawals.
James Edwards
Finder's global cryptocurrency editor
Platform | Supported cryptos | Trading fees | Regulator registration | |
---|---|---|---|---|
eToro
| 80+ | Fees vary between 1% (cash purchases) and 2.5% (debit, credit and PayPal purchases). | AUSTRAC | Go to site |
Syfe Not rated yet | 20+ | Syfe charges a 1% fee for all BTC and crypto purchases. | ASIC |
Cryptocurrency wallets are specialised software applications or physical devices designed for managing cryptocurrencies and keeping them highly secure.
Many of these wallets offer you the ability to purchase Bitcoin and other cryptocurrencies through a third party.
These apps typically accept credit or debit card payments.
Hardware wallets provide a secure and private way to hold your Bitcoin personally, rather than being entrusted to a third-party exchange or platform.
Although the Bitcoin blockchain is more secure than exchanges and has never been hacked, your security depends on you. You are responsible for managing your private key or seed phrase, which, if lost, may result in lost funds.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,456+ |
Supported assets 30,000+ |
Price (USD) $149 |
Price (USD) $219 |
Price (USD) $49.99 |
See more of the best crypto wallets
Buying Bitcoin using an ATM is a way to purchase the digital currency at a physical location. The process typically involves using cash or a debit card to purchase Bitcoin, which is then transferred to a digital wallet, which you must have set up before using the ATM.
It's worth noting that the fees associated are often much higher than purchasing via an online exchange and Bitcoin ATMs are only available in a limited range of locations throughout Australia. ATMs are also a clunky way to deal with inputting a Bitcoin address, which is a long string of letters and numbers.
A P2P crypto marketplace is a platform that allows individuals to buy and sell cryptocurrencies directly with one another through offers, a bit like eBay.
P2P marketplaces typically support a wide range of fiat currencies, including AUD.
Low or no fees are common for P2P trades. Since order prices are fixed, you can potentially find Bitcoin below market value.
Purchasing Bitcoin through P2P exchanges regularly can be challenging, as it may be hard to consistently find a seller willing to sell you the exact amount you want each time.
Here are some of our favourite P2P exchanges available in Australia
Use the table below to compare a comprehensive list of cryptocurrency exchanges and trading platforms in Australia. If you find a platform that meets your needs, click the green "Go to site" button to create an account and get started.
Bitcoin ETF rumours. On October 24 the price of BTC has soared by 12.5% in a single day, securing a gain of 22% for the week. The rally was driven by confidence that a spot Bitcoin ETF is likely to be approved in the US. Fund managers like BlackRock and VanGuard have ETF applications awaiting judgement by the SEC. BlackRock CEO Larry Fink said there was considerable client demand for BTC which he called a “flight to quality” in light of global turmoil.
There are a few key factors to keep in mind when looking for where to buy Bitcoin.
Once you own some BTC, you have 2 options – keep it on an exchange or move it to a personal wallet. Each comes with its own set of pros and cons.
All investments have risk associated. Before you buy Bitcoin, make sure you do due diligence in research and understand these risks:
If you want to buy Bitcoin, start by comparing a range of crypto brokers and exchanges available in Australia. Look at their features, fees, security and overall reputation to decide which platform is the right fit for you. Consider an exchange registered with AUSTRAC for added peace of mind.
Remember that owning and using Bitcoin is not without its risks. Carefully consider investing in BTC as part of a wider strategy and talk to a financial adviser if you have any questions.
Once you've bought some BTC, think about what your short- and long-term goals are. This will help you decide whether to keep it on an exchange or move it to your own wallet.
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Thank you very much for sharing it’s a very useful article and hope to read more about your experience.
Hi, What exchanges were around in 2009 for Australians to buy Bitcoin?
Hi Julian,
Thank you for leaving a question.
There were no Bitcoin Exchanges back in 2009.The first exchange was founded on 17 Mar 2010, the now-defunct BitcoinMarket.com exchange is the first one that starts operating. Hope this helps!
Cheers,
Reggie
Hi, I have been trading the FX market for a few years and I am now looking to try Crypto Currency trading.
Do Coinspot, BTC or Independent Reserve offer a trading platform, by this I mean a charting package so I can get in and out of long or short trades based on price movement displayed on a chart.
I have made a mistake in the past of trading Crypto CFD’s and found the expiration of the contract a real problem, difficult if you wish to hold onto a trade.
So, yes, I want to be able to buy/sell for either short or long term at my discretion and I would prefer some sort of charting package included in opening an account.
Thanking you in advance.
Hi Martin,
Thank you for your inquiry.
Thank you for sharing this information with us. You may want to look at the forex exchanges that offer cryptocurrency. They may offer charting packages and maybe a familiar option for an FX trader. Our page has a comparison table you can use to see which platform suits you. When you are ready, you may then click on the “Go to site” button and you will be redirected to their website where you can sign up or get in touch with their representatives for further inquiries you may have.
I hope this information has helped.
Cheers,
Harold
Can I transfer from PayPal to my bitcoin wallet
Hi,
Thanks for your inquiry.
If you’re looking for alternatives such as paying with cash, BPAY, credit card or PayPal, you might have to search more widely. You can select the payment method you want among their list of supported payment methods. Kindly note that it’s important to research a payment method and check its risk level before you start trading with it.
Best regards,
Rench
I have been offered to make 13,000 dollars in 24 hours by the inventors of bitcoin. Are they for real?
Hi Joe,
Thanks for reaching out to Finder.
Bitcoin, like other crypto coins, is extremely volatile and the value of the currency remains unpredictable. News and seemingly unrelated events affect its price greatly, sometimes positively, sometimes negatively. However, if you’d like to take the plunge and invest in bitcoin, here are two ways to do that:
– Get paid in bitcoin
– Invest in bitcoin
Hence, we cannot give information if this is legit or not. In the meantime, what you should do to check the legitimacy of this platform is to go through reviews, forums, or other pages online to research about them. You can also go through our checklist on how to detect a crypto scam. Please be reminded that this checklist is far from foolproof. It is still possible for a website to pass the tests and still be a scam. The important thing to remember is to do your due diligence before providing any personal or financial information to any website or app.
Best regards,
Rench