There are a quite a few ways to buy Bitcoin (BTC) in Australia, including crypto exchanges and wallets, share trading platforms, Bitcoin ETFs, peer-to-peer transactions and even dedicated Bitcoin ATMs.
We'll explain the options, weigh up the pros and cons, and talk you through buying Bitcoin as a beginner.
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.
How to buy Bitcoin as a beginner
You have a number of choices when it comes to buying Bitcoin, but the easiest method for beginners might be to buy Bitcoin through a crypto exchange or platform that lets you deposit funds and buy Bitcoin directly using Australia dollars.
This will save you having to convert your AUD into another currency and potentially help you save on fees. Thankfully, there are quite a few exchanges that let you buy Bitcoin with AUD, including Kraken, CoinSpot and Swyftx.
Follow the 4 steps below to get started:
Choose a payment method
If you're a beginner, the first things you'll want to consider are fees and payment methods. It's possible to deposit funds via bank deposit or PayID to a crypto exchange without having to pay any fees. 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.
Choose a platform
Fees and ease-of-use might be your top considerations when choosing where to buy BTC. You can compare our picks for the best places to buy here.
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.
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" option, but this is likely to come with higher fees.
Next step: storing your Bitcoin
Once you buy Bitcoin from a crypto exchange, the exchange normally holds the BTC in custody on your behalf until you choose to sell or withdraw it.
However, this isn't always the safest option. 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.
It can be safer to move your Bitcoin to a self-custodial wallet, which gives you full possession and control over your tokens and protect you from the risks of keeping your crypto on an exchange.
Safe storage of cryptocurrency is important for everyone, even beginners.
6 popular ways to buy Bitcoin in Australia
Here's a brief explainer of the most common ways you can buy and sell Bitcoin in Australia:
Crypto exchange. Dedicated cryptocurrency exchanges are the most popular way for buying Bitcoin and other cryptocurrencies. Many exchanges let you buy and sell crypto using AUD, as well as the ability to withdraw your coins.
Stock trading platform. Some online trading platforms and brokers now also offer the ability to buy and sell Bitcoin but may lack the trading features and withdrawal options of crypto exchanges.
Crypto wallet. Popular software and hardware wallet providers like Ledger, Trezor and Trust Wallet now offer the ability to trade Bitcoin and other cryptos through their apps.
Bitcoin ETF. Spot Bitcoin ETFs are a way to get exposure to the price of Bitcoin without having to purchase or manage the Bitcoin yourself. When you buy an ETF, the company purchases and holds Bitcoin on your behalf.
Bitcoin ATM. Like the name suggests, Bitcoin ATMs are physical ATMs that let you purchase Bitcoin and other cryptocurrencies.
Peer-to-peer. There are a number of peer-to-peer platforms where you can buy and sell Bitcoin directly with other holders.
What’s the best site 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.
We've sought to highlight platforms that have a good reputation, are beginner oriented and offer low fees. You can see a table below for a full list of all the platforms we compared and how their fees stack up.
Fees are ranked as either: very low, low, average, high or very high based on statistical analysis which uses standard deviations to assign bands.
You can read our dedicated methodology page for more detail on how we analyse crypto trading platforms in Australia.
"Top picks" are those we've evaluated to be best for certain product features or categories – you can learn more in our full methodology. If we show a "Promoted Pick" it's been chosen from among our commercial partners based on factors that include special features or offers, and the commission we receive.
Keep in mind that these picks are suggestions and that the best crypto exchange for you will depend on your individual needs. There are other products on the market not included in our picks.
Bitcoin market update: May 2024
Bitcoin has had a disappointing few weeks since the fourth Bitcoin halving took place on Saturday 20 April 2024 (AEST). Spot Bitcoin ETFs launched in Hong Kong but have so far failed to capture the same level of interest and investment of their American counterparts.
As we've already mentioned, buying BTC on a crypto exchange is the most common way to invest in Bitcoin. It's also one of the most beginner-friendly.
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.
Finder survey: How many Australians own Bitcoin and how do they invest?
Response
Yes - For long-term growth
49.28%
No
32.97%
Yes - For short-term growth
17.03%
Yes - For day trading
5.43%
Yes - To hedge against central bank currencies
3.62%
Yes - Other
1.09%
Source: Finder survey by Pure Profile of 1009 Australians, December 2023
How to buy 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.
Platform
Supported cryptos
Trading fees
Regulator registration
eToro
83+
Fees vary between 1% (cash purchases) and 2.5% (debit, credit and PayPal purchases).
Syfe charges a 1% fee for all BTC and crypto purchases.
ASIC
Not rated yet
Share trading platforms: What to consider
Pro: Can be a convenient way to buy if you already have an account.
Cons: Most platforms won't let you withdraw your Bitcoin to your own wallet.
How to buy Bitcoin from a decentralised exchanges
Decentralised exchanges have grown in popularity over the last few years and now process billions of dollars in crypto transactions every day.
Uniswap and Sushiswap
Decentralised exchanges: 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.
How to buy 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, including Ledger, Trezor and Trust Wallet 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.
How to buy a Bitcoin ETF
You can now invest in Bitcoin via an ETF (exchange-traded fund). 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.
Bitcoin ETFs: What to consider
Pro: Buying a Bitcoin ETF takes out the complexity out of buying Bitcoin and storing it safely.
Con: Owning an ETF doesn't give you access to the actual Bitcoin, so you cannot withdraw off the platform into your own wallet.
How to buy 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.
How to buy Bitcoin from a P2P marketplace
A peer-to-peer (or 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
Our selection of best P2P crypto exchanges is updated by our editorial team throughout the year to reflect changes in the market.
The global P2P exchanges we've picked are those we've evaluated to be the best for specific product features or categories – you can read our full methodology. If we show a "Promoted" pick, it has been chosen from among our commercial partners and is based on factors that include special features or offers and the commission we receive.
These picks are suggestions. The P2P exchange that's best for you will depend on your individual needs. There are other products on the market not included in our picks and some products may not be available in your country.
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.
What to look for when buying Bitcoin
There are a few key factors to keep in mind when looking for where to buy Bitcoin.
Using a locally registered exchange is a good idea. It's more likely to accept Australian dollars and local payment methods like PayID, which helps avoid foreign exchange fees.
Choosing from Australia-based exchanges also means it's likely to be registered with AUSTRAC, which means it has to comply with local laws in Australia.
Using AUSTRAC-registered exchanges
There are plenty of places to buy Bitcoin and people in Australia can choose from platforms registered here at home or in locations all around the world. Opting for a locally registered BTC exchange typically offers more convenience, but may have some downsides depending on your goals.
Pros
Australia-based exchanges must comply with AUSTRAC Anti-money Laundering (AML) and Counter-terrorism Financing (CTF) reporting obligations.
You can usually buy Bitcoin with AUD. Exchanges in Australia typically support local payment methods, such as PayID, POLi and BPAY.
You may be able to access local customer support.
Subject to local laws.
Cons
You'll need to provide your personal details and proof of ID – a disadvantage if you want to trade anonymously.
Overseas trading platforms may provide better liquidity.
AUD-to-crypto prices are often slightly higher than USD-to-crypto prices, meaning you sometimes pay a premium for buying directly with Australian dollars.
Some features are simply not available on AUSTRAC-registered exchanges. For example, high-leverage margin trading, DeFi features and some altcoins.
Look at the security features the platform has to offer, like 2-factor authentication and PGP-encrypted emails. Cold storage of user funds is considered industry standard, but insurance funds are less common and indicative of good security practices.
A very small number of exchanges now offer insurance on users' funds. Beware that policies vary significantly between exchanges, so research this thoroughly if insurance is important to you.
If you ever have a problem with a transaction, will you be able to quickly and easily get in touch with the customer support team? Are they based in Australia? Check what contact methods are available and find out how quick the team is at responding to enquiries.
Check the different transaction types and the corresponding fees before buying Bitcoin, so you know exactly how much it will cost. Fees typically differ depending on whether you use the spot market or an instant purchase option. Depending on the platform you choose, fees may include spreads, trading fees and deposit and withdrawal charges.
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.
Pros
Convenience. Keeping your Bitcoin on an exchange is convenient because you can buy and sell at any time.
Security. Holding Bitcoin on an exchange does come with significant counterparty risks, but reputable platforms also invest heavily in security so you don't have to worry about the pitfalls of self-custody.
Insurance. A small handful of exchanges now operate insurance schemes. These can range from insuring user deposits held in cold storage to reimbursing customers if a hack occurs.
Earn yield. Many exchanges now let you earn yield on your Bitcoin. This is achieved by lending your BTC so carries its own set of risks. Do your research before deciding if it's the right option for you.
Cons
Phishing. Exchange users are frequently targeted by scammers trying to steal login information through malicious emails and fake website links.
Hacking. Exchanges are major targets for hackers. While security practices have improved substantially, hacks still occur from time to time.
Account freezing. Exchanges have been known to occasionally freeze user accounts, whether due to security concerns, technical issues or market turbulence. This could see you temporarily lose access to your crypto.
Pros
Self-custody. A mantra repeated by crypto investors is "Not your keys, not your coins". This comes from the idea that the only way to guarantee ownership of your Bitcoin is to own the private key — which isn't the case when you hold on an exchange.
Security. Bitcoin and cryptocurrency wallets vary greatly in their features and security. For the most secure experience, consider purchasing a hardware wallet, which is usually a small USB device that keeps your private keys offline at all times for an extra layer of security.
Utility. If you plan to use your Bitcoin for transactions, daily spending or decentralised finance (DeFi), then storing it in a wallet rather than an exchange will be more convenient.
Cons
Learning curve. It's no secret that learning how to use a crypto wallet takes some time and effort. Spend some time learning how Bitcoin wallets work before transferring any of your funds.
Personal responsibility. Owning your own money can be liberating, but it also means the responsibility is all yours. If you lose your private key, the only way to regain access to your wallet is through the seed phrase. Make sure to store both of these privately and securely.
Inheritance. A challenge presented by crypto wallets is how to pass access on in the event of death or disability. Several companies are experimenting with ways to solve this problem, like the Trezor Model T wallet's Shamir back-up feature.
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:
Bitcoin's price is largely based on speculation, meaning it can rise or fall quickly. It's common for Bitcoin to move by 5% or more in a single day.
Leaving your Bitcoin on a crypto platform exposes you to several counterparty risks, including scams, hacks and theft and fiscal mismanagement, as we saw in the case of FTX in 2022. To reduce this risk, it's best to keep your Bitcoin in a non-custodial wallet.
The regulatory environment for Bitcoin and other cryptos is constantly changing. In some countries owning and trading Bitcoin is legal and in others, it isn't. Even in countries in which it is legal to own Bitcoin or other cryptos, there can still be some jurisdictions that don't permit certain Bitcoin or crypto services and platforms. For example, only a few crypto companies are permitted to operate in New York state, so there are only certain ways to buy Bitcoin in NY.
Bitcoin was created in 2009, making it relatively new as a form of technology and currency. Bitcoin doesn't yet have the same track record or performance history as some other asset classes.
If you plan to invest in Bitcoin and custody the asset on your own, you'll have to learn how to use a non-custodial crypto wallet.
The Bitcoin network is near-impossible to hack, but the hardware and software used to manage your funds — known as wallets — can still be vulnerable. We researched BTC wallets and shared which ones we felt were best.
Once you've submitted a transaction to the Bitcoin network, it can't be cancelled or reversed. Double-check the receiving address before sending a Bitcoin payment or moving Bitcoin off an exchange. One good way to do this is to check the first and last 4 digits of the wallet address you are sending to before setting the transaction in motion. There is no way to refund BTC sent to the wrong address.
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.
FAQs
Beginners will probably find it easiest to buy Bitcoin from a crypto exchange that offers instant purchases with AUD. Once you're feeling comfortable, buying Bitcoin on the spot market is usually a less expensive option. Many platforms have now made their trading interfaces beginner-friendly.
Bitcoin is widely considered as a high-risk asset, so you should "only invest what you can afford to lose". To help cushion the highs and lows of market volatility, consider dollar-cost averaging (DCA). This involves buying small amounts of Bitcoin at regular intervals, such as every week or month. DCA removes some of the emotion from investing and can help support a long-term strategy.
The safest way to buy Bitcoin is through a reputable cryptocurrency exchange or broker that complies with Australian laws and regulations. Look for one that promotes stringent security measures such as registration with AUSTRAC, KYC for all users, 2-factor authentication and an insurance fund.
Once you've purchased some BTC, consider moving it into a self-custodial wallet for added security.
The best way to buy Bitcoin is to identify your investment goals first. Do you plan to trade frequently or make a few purchases and hold long term? For regular trading, fees are lowest on a spot market, while casual investors might feel the convenience of a higher-fee instant purchase is worthwhile.
Compare exchanges and trading platforms in our table to decide which is the best place to buy Bitcoin for you.
There are still a small number of ways to buy Bitcoin (BTC) without an ID. However, it tends to be safer to purchase BTC through a platform that's registered with AUSTRAC. You won't be able to create an account on a AUSTRAC-registered platform without providing identification as part of the KYC verification process.
Bitcoin is treated as an asset by the Australian Tax Office (ATO), which means that if you've bought, sold or earned BTC during the financial year, you will need to report it at tax time. Investors will need to declare any profits as capital gains, while losses can be used to reduce your tax bill or offset any future gains.
If you make frequent BTC trades in a professional capacity you may be classified as a trader, which is a bit more complex. Learn more in our guide to crypto tax in Australia or use our round-up of the best crypto tax software to make tax reporting easier.
The safest way to buy Bitcoin is through a reputable cryptocurrency exchange or broker that is registered as a digital currency exchange provider. Look for one that promotes stringent security measures such as registration with FinCEN, KYC for all users, 2-factor authentication and an insurance fund.
Once you’ve purchased some BTC, consider moving it into a self-custodial wallet for added security.
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.
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
Finder Score
CoinJar
68+
Average (2%): Approximately $20.00 of fees per $1,000 BTC purchased using a credit card.
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
Finder Score
Independent Reserve
29+
Very low (0.5%): Approximately $5.00 of fees per $1,000 BTC purchased on the spot market using a PayPal deposit.
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
Finder Score
CoinSpot
447+
Very low (0.1–1%): Approximately $1.00 of fees per $1,000 BTC purchased using a market order.
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
Finder Score
CoinJar
68+
Average (2%): Approximately $20.00 of fees per $1,000 BTC purchased using a debit card.
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.
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.
James Edwards was the cryptocurrency editor at Finder. He led the editorial strategy and reported on the latest industry news to further Finder's mission of helping people make better financial decisions.
A relatively early adopter, James has been using Bitcoin since 2013 and began working in the industry in 2017. He takes pride in his ability to boil down complex topics into language his parents can understand.
His expertise has seen him called on to report at events such as TechCrunch Disrupt, CoinDesk Consensus and IBM Think, and he has coordinated a vast number of high-profile interviews with the industry's brightest minds.
He is a regular contributor to Nasdaq and is frequently called upon for market commentary in Australia and abroad.
From switching the lights off to wearing warmer clothes, millions of Australians are taking steps to save money on their winter energy bill, according to new research by Finder.
Our guide on how to buy Bitcoin in Australia has a table that outlines some sites and companies which facilitate the purchase, exchange, and sale of bitcoin. You can use our comparison table to find the right trading platform for you. Once you have chosen a particular bitcoin exchange, you may then click on the “Go to site” button and you will be redirected to their website where you sign up for an account or get in touch with their representatives for further assistance.
Please verify the nature of any product or service (including its legal status and relevant regulatory requirements and consult the relevant regulators’ websites) and consider your own circumstances before making any decision. 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
This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service, or offering. Finder, or the author, may have holdings in the cryptocurrencies discussed.
There is really no straightforward answer to this question except that you should only “invest as much as you’re willing to lose”.
Bitcoin is a highly-volatile form of investment and fluctuations can be more rapid than trading stocks. Even with low buying capital, if trading goes robustly upward, you can have significant gains. There can also be instances when you had huge capital but dismal returns due to a flat movement.
If you need professional advice on how to proceed, you can speak to a bitcoin broker or a financial adviser.
Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.
That would depend on where you will be setting up an account or a wallet. You may review and compare the options or websites available on the table above and see which one would suit your needs. You can proceed by contacting them directly for additional information.
I understand you want to know how to buy bitcoin. If this is the case, I believe you’re on the right page. On this page, you will read our guide on how to buy Bitcoin in Australia. You should be able to check our step-by-step instructions for getting started with Bitcoin (BTC).
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We are committed to our readers and stands by our editorial principles
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Thomas Stelzer is a cryptocurrency editor at Finder.
Hi Guys, I am interested in investing bitcoin (all types of bitcoin like 40x bitcoin) is there any legit sites out there, I mean real site.
Thanks for your help :)
regards,
Nelson
Hi Nelson,
Thanks for your inquiry.
Our guide on how to buy Bitcoin in Australia has a table that outlines some sites and companies which facilitate the purchase, exchange, and sale of bitcoin. You can use our comparison table to find the right trading platform for you. Once you have chosen a particular bitcoin exchange, you may then click on the “Go to site” button and you will be redirected to their website where you sign up for an account or get in touch with their representatives for further assistance.
Please verify the nature of any product or service (including its legal status and relevant regulatory requirements and consult the relevant regulators’ websites) and consider your own circumstances before making any decision. 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
This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service, or offering. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Hope this information helps
Cheers,
Arnold
is $1000 enough to invest in bitcoin and make a decent amount of money? if not how much money should i invest in bitcoin
Hello Cameron,
Thank you for your inquiry.
There is really no straightforward answer to this question except that you should only “invest as much as you’re willing to lose”.
Bitcoin is a highly-volatile form of investment and fluctuations can be more rapid than trading stocks. Even with low buying capital, if trading goes robustly upward, you can have significant gains. There can also be instances when you had huge capital but dismal returns due to a flat movement.
If you need professional advice on how to proceed, you can speak to a bitcoin broker or a financial adviser.
Hope this helps.
Cheers,
Jonathan
I am inquiring about the cost of purchasing one 40 X bitcoin. , in Australia dollars.?
regards Siga
Hi Siga,
Thank you for your inquiry.
As per checking you are already in the correct page. You can click the go to site link available above for further details.
I hope this information has helped.
Cheers,
Harold
What is the min amount to open a wallet an how do i go about it
Hi Frederick,
Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.
That would depend on where you will be setting up an account or a wallet. You may review and compare the options or websites available on the table above and see which one would suit your needs. You can proceed by contacting them directly for additional information.
I hope this helps.
Cheers,
Danielle
I wish to buy bitcoin but cannot find a way. Is there a market?
Hi Frank,
Thank you for your inquiry.
I understand you want to know how to buy bitcoin. If this is the case, I believe you’re on the right page. On this page, you will read our guide on how to buy Bitcoin in Australia. You should be able to check our step-by-step instructions for getting started with Bitcoin (BTC).
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Harold