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How to buy Bitcoin (BTC) in Australia

Learn how to buy Bitcoin with a range of payment methods and find out how to get the lowest fees in this step-by-step guide.



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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.

Our picks for the best places to buy

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.

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.

How to buy Bitcoin in 4 steps

The following steps are for Australian residents and should work with most cryptocurrency exchanges, investing apps and brokers.

    1. Choose a payment method
      There are many different ways to buy Bitcoin. For beginners the first things to consider is usually fees and payment methods. Fees will depend on the payment method chosen, with purchases via bank deposit or PayID usually the cheapest. Alternatively, you may already have a specific payment method in mind, so you can start by choosing an exchange that supports it – such as finding a platform that accepts PayID or debit card.
    2. Choose a platform and create an account
      Once you've chosen the platform you want to use you will need to create an account. You will need to provide some photo ID like a driver's licence or passport to complete the process. You may also be required to take a selfie to prove your identity in accordance with Australian law.
    3. Purchase your Bitcoin
      Depending on which platform you choose, there may be a number of ways to buy BTC. The spot market is typically where fees are lowest but it may require some getting used to if you've never used an investment platform before. The easiest method is usually using the "instant purchase" menu but the fees are often higher. Most Australian exchanges offer live customer support via webchat in case you need help deciding.
    4. Transfer your Bitcoin to a crypto wallet
      Safe storage of cryptocurrency is important for everyone, even beginners. Cryptocurrency exchanges are at risk of hacks or financial mismanagement, which means leaving your BTC on the same platform you purchased it on could put it at risk. Instead, learn how a cryptocurrency wallet works and consider transferring your funds into your own possession.

Bitcoin market update: April 2024

Bitcoin reached a new all-time high in March, but attention will now turn to how it fares in the run-up to the next Bitcoin halving, which is due later this month.

Historically, the halving has been a hugely positive price catalyst for Bitcoin and the wider crypto markets, but it remains to be seen what impact it will have this time around.

Thomas Stelzer

Thomas Stelzer is a cryptocurrency editor at Finder.

What’s the best way to buy Bitcoin?

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.

How to buy Bitcoin with PayID, Osko or bank transfer

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.

PlatformSupported cryptosTrading feesRegulator registrationFinder Score
CoinSpot444+Very low (0.1–1%): Approximately $1.00 of fees per $1,000 BTC purchased using a market order.AUSTRAC
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Kraken235+Very low (0.26%): Approximately $2.60 of fees per $1,000 BTC purchased on the spot market.AUSTRAC
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Swyftx352+Very low (0.6%): Approximately $6.00 of fees per $1,000 BTC purchased on the spot market.AUSTRAC
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How to buy Bitcoin with a debit card

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.

PlatformSupported cryptosTrading feesRegulator registrationFinder Score
CoinJar68+Average (2%): Approximately $20.00 of fees per $1,000 BTC purchased using a debit card.AUSTRAC
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Independent Reserve29+Average (2%): Approximately $20.00 of fees per $1,000 BTC purchased using a debit card.AUSTRACNot rated yetGo to site
CoinSpot444+Average (2.58%): Approximately $25.80 of fees per $1,000 BTC purchased using a debit card.AUSTRAC
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How to buy Bitcoin with a credit card

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.

PlatformSupported cryptosTrading feesRegulator registrationFinder Score
CoinJar68+Average (2%): Approximately $20.00 of fees per $1,000 BTC purchased using a credit card.AUSTRAC
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CoinSpot444+Average (2.58%): Approximately $25.80 of fees per $1,000 BTC purchased using a credit card.AUSTRAC
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Binance Australia376+Very high (3.5%): Approximately $35.00 of fees per $1,000 BTC purchased using a credit card.AUSTRAC
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How to buy Bitcoin with PayPal

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.

PlatformSupported cryptosTrading feesRegulator registrationFinder Score
Independent Reserve29+Very low (0.5%): Approximately $5.00 of fees per $1,000 BTC purchased on the spot market using a PayPal deposit.AUSTRACNot rated yetGo to site
eToro83+Average (2.5%): Approximately $25.00 of fees per $1,000 BTC purchased using PayPal.ASIC
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Where to buy Bitcoin in Australia

In Australia, you typically buy Bitcoin (BTC) from a website called a cryptocurrency exchange.

They let you buy and sell cryptocurrency.

Another type of website that sells Bitcoin 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 can now be accessed via smartphone apps as well as the web.

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.

Finder survey: How many Australians own Bitcoin and how do they invest?

Yes - For long-term growth49.28%
Yes - For short-term growth17.03%
Yes - For day trading5.43%
Yes - To hedge against central bank currencies3.62%
Yes - Other1.09%
Source: Finder survey by Pure Profile of 1009 Australians, December 2023

How to buy Bitcoin from a crypto exchange

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, in terms of fees.

The cheapest way to buy Bitcoin on an exchange is by placing a "market order" using the spot market.

This will let you buy as much Bitcoin as you like for the lowest price currently available.

The spot market is the part of the exchange where you trade with other users.

If you like, you can also place a "limit order" where you set the price you want to pay. If the price moves low enough, your bid will automatically be accepted and your AUD swapped for BTC.

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.

Crypto exchanges: What to consider

  • Pro: Straightforward and affordable buying and selling of BTC accessible to all experience levels.
  • Cons: If you leave your BTC in the custody of a crypto exchange, your funds are potentially at risk if issues arise with the exchange.

Buying Bitcoin from an online trading platform

Online share trading platforms allow you to manage various investments, such as cryptocurrency, shares and ETFs in one location.

Platforms such as eToro, CMC Markets 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.

Bitcoin ETF

You can now invest in Bitcoin via an ETF.

An ETF is a simplified way of investing in physical assets like gold, silver and oil without needing to deal with storing the actual product itself.

Similarly, Bitcoin ETFs eliminate the need for you to learn how to safely store and manage Bitcoin yourself – which can be a complicated process for some people.

They can also be managed as part of your traditional stock or ETF portfolio, which makes managing your investments much easier.

Buying a spot Bitcoin ETF is a really convenient way to invest in Bitcoin for anyone who just wants to speculate on the price and not worry about safe storage. The ETF issuer manages it all on your behalf, so you don't need to learn how to use a Bitcoin wallet or manage private keys.

Online trading platforms: What to consider

Pro: Buying a Bitcoin ETF takes out the complexity out of buying Bitcoin and storing it safely.

Cons: Owning an ETF doesn't give you access to the actual Bitcoin, so you cannot withdraw off the platform into your own wallet.

PlatformSupported cryptosTrading feesRegulator registration
eToro83+Fees vary between 1% (cash purchases) and 2.5% (debit, credit and PayPal purchases).AUSTRAC
Finder score
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Syfe20+Syfe charges a 1% fee for all BTC and crypto purchases.ASICNot rated yet

Buying Bitcoin from a crypto wallet

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.

Crypto wallets: What to consider

  • Pro: You have total control over your investment, secured by an encrypted wallet rather than a third party like an exchange.
  • Con: Learning to use a wallet requires time and effort. Transactions are irreversible and your funds are at risk of human error.

Buying Bitcoin from a Bitcoin ATM

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.

Bitcoin ATM: What to consider

  • Pro: A way to purchase Bitcoin using physical cash or card.
  • Con: High fees mean less value for money than using an online exchange and the process may be more time-consuming.

Buying Bitcoin from a P2P marketplace

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

P2P marketplace: What to consider

  • Pro: Interact directly with Bitcoin sellers and choose from hundreds of payment options.
  • Con: You have to buy the specific amount of Bitcoin the buyer is selling.

Compare exchanges to buy bitcoin 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.

1 - 10 of 26
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID, Apple Pay, Google Pay, SWIFT



Capital at risk

View details
Finder AwardExclusive
Bank transfer, BPAY, Cash, Credit card, Cryptocurrency, Debit card, PayID



Get $20 in BTC when you make a deposit. T&Cs apply.

Capital at risk

View details
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID



Get $20 in BTC when you verify your account. T&Cs apply.

Capital at risk

View details
CMC Invest
BPAY, Bank transfer (Direct Deposit)



Capital at risk

View details
eToro Crypto
Bank transfer, Credit card, Debit card, Neteller, PayPal, Skrill, eToro Money



Get a US$50 bonus when you buy at least US$500 in crypto. T&Cs apply.

Capital at risk

View details
Finder Award
Binance Australia
Credit card, Cryptocurrency, Debit card, Osko, PayID, Simplex, Banxa, Apple Pay, Google Pay



Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.

Capital at risk

View details
Finder AwardExclusive
Bank transfer, Cryptocurrency, Osko, PayID



Finder exclusive: Get up to $200 BTC when you complete certain steps on sign up. T&Cs apply.

Capital at risk

View details
Finder app
Finder app
Bank transfer, PayID



Capital at risk

View details
Bank transfer, Credit card, Cryptocurrency, Debit card, Neteller, POLi, PayID, Skrill, P2P, TransferWise, Apple Pay, Google Pay, Prepaid card, Revolut



Sign up and earn 500 USDT + bonus gift of 200 USDT in trading coupons + limited time offer of 7,500 USDT in futures trial funds. T&Cs apply.

Capital at risk

View details
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Osko, PayID



Receive $10 BTC on sign-up and verification. T&Cs apply.

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.

What to look for when buying Bitcoin

There are a few key factors to keep in mind when looking for where to buy Bitcoin.

After you've bought 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.

Is Bitcoin safe to invest in?

All investments have risk associated. Before you buy Bitcoin, make sure you do due diligence in research and understand these risks:

Bottom line

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.


Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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39 Responses

    Default Gravatar
    AenyhirasfrDecember 17, 2018

    Thank you very much for sharing it’s a very useful article and hope to read more about your experience.

    Default Gravatar
    JulianOctober 15, 2018

    Hi, What exchanges were around in 2009 for Australians to buy Bitcoin?

      JohnOctober 16, 2018Finder

      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 exchange is the first one that starts operating. Hope this helps!


    Default Gravatar
    MartinDecember 19, 2017

    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.

      HaroldDecember 20, 2017Finder

      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.


    Default Gravatar
    Missjayne69December 11, 2017

    Can I transfer from PayPal to my bitcoin wallet

      RenchDecember 12, 2017Finder


      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,

    Default Gravatar
    JoeNovember 19, 2017

    I have been offered to make 13,000 dollars in 24 hours by the inventors of bitcoin. Are they for real?

      RenchNovember 19, 2017Finder

      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,

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