Buy bitcoin

Where and how to buy bitcoin in Australia

You keep hearing about it, but what exactly is bitcoin and how do you buy it? Read on for finder.com.au’s definitive guide.

There are two main ways to buy bitcoin in Australia.

  • Use a bitcoin broker. This is probably the easiest way to buy bitcoin. If you just want to get it done quickly and easily, and have no plans to become a cryptocurrency trader, then this might be the way to go. The downside is that convenience comes at a cost, and you pay a bit more for the brokerage services.
  • Buy from an exchange. Cryptocurrencies like bitcoin are traded on exchanges. If you want to buy bitcoin as cost-effectively as possible, or plan on doing more trading in future, then choosing a reliable exchange might be what you want to do.

Compare bitcoin exchanges

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. 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.

CoinSpot Cryptocurrency Marketplace

CoinSpot Cryptocurrency Marketplace

CoinSpot is an Australian-based marketplace that allows you to easily buy, sell or trade more than 100 cryptocurrencies.

  • Buy with Australian dollars
  • Huge selection of altcoins available to buy/sell
  • Beginner-friendly interface
  • Fund your account with cash, BPAY and POLi
  • Compliant with AML/CTF laws
Promoted

Compare bitcoin brokers and exchanges

Name Product Deposit methods Fiat Currencies Available Cryptocurrencies Trading Fee
Cash, BPAY, POLi, Cryptocurrency
AUD
BTC, BCH, ETH, XRP, ADA, XEM, LTC, XLM, MIOTA, TRX, DASH, NEO, XMR, EOS, QTUM, BTG, LSK, ETC, XVG & over 60+ more
Instant buy: 1%
Market order: 0.25%*
* Applies to BTC, LTC, ETH & DOGE
CoinSpot is an Australian-based marketplace that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Electronic Funds Transfer, SWIFT, Cryptocurrency
AUD, NZD, USD
BTC, BCH, ETH, LTC
0.1-0.5%
Trade AUD and other fiat currencies against BTC, BCH or ETH at competitive rates.
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
0.1-0.4%
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Bank transfer, POLi, Cash deposit* *Westpac Bank branches only
AUD, GBP, USD
BTC, BCH, ETH, LTC, XRP, NEO
0.5-1.7%
HiveEx.com is a global over-the-counter (OTC) cryptocurrency brokerage specialising in high-volume trades of $10,000+.
Hive Empire Trading Pty Ltd is a related party of Hive Empire, which owns finder.com.au.
Cryptocurrency
-
BTC, ETH, HT, LTC, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, ZEC, PROPY, OMG & 75+ more
Maker : 0.2%
Taker: 0.2%
Huobi.pro is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Credit card, Debit card, SWIFT, SEPA, Cryptocurrency
USD, EUR, RUB, GBP
BTC, DASH, ETH, XRP, ZEC
Maker: 0-0.16%
Taker: 0-0.25%
Instant buy: 7%
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Cash, Electronic Funds Transfer, POLi
AUD
BTC, BCH, ETH, ETC, LTC, DASH, XMR, XRP, ANT, REP, BNT, BAT, BTS, BLK, CVC, CLAM, DCR, DGB, DGD, DOGE & 35+ more
0.5-0.7%
Maker: 0.4%
Taker: 0.6%
Buy a variety of cryptocurrencies through an Australian exchange platform through POLi, Cash or Electronic Funds Transfer.
Cryptocurrency, Bank transfers
AUD, NZD
BTC, ETH, LTC, XRP, POWR
Maker: 0.3-0.7%
Taker: 0.3-0.7%
A cryptocurrency exchange that supports Australian and New Zealand customers, where users can pay in NZD and transactions in AUD have no withdrawal or deposit fees.
Cryptocurrency, Wire Transfer
New account holders must now deposit fiat/crypto equivalent to US$10,000 to trade.
USD, EUR
BTC, BCH, BTG, TRX, GNT, AVT, DASH, DATA, EDO, EOS, ETC, ETH, ETP, LTC, MIOTA, NEO, OMG, QTUM, SAN, USDT, XMR, XRP, ZEC, BAT, ZRX, FUN, MANA, SPANK, TNB, RLC, RCN, REP, ELF, AID, SNGLS, SNT, QASH, YOYO, MITH
Maker: 0-0.1%
Taker: 0.1-0.2%
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Cryptocurrency
-
BTC, BCH, KCS, DRGN, DBC, XRB, ETH, PRL, LTC, SNOV, DENT, RPX, QLC, NEO, UTK, BNTY, ACT, POE, UKG, LA, LEND, VEN & 50+ more
0.1%
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Credit card, Debit card
USD, EUR, RUB
BTC, BTG, BURST, BYC, CANN, CFI, CLAM, CLOAK, CLUB, COVAL, CPC, CRB, CRW, CURE, CVC, DASH, DCR, DCT, DGB, DMD, DNT, DOGE, DOPE & 140+ more
Fees vary
Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity.
Credit card, Debit card
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC, BCH, ETH, LTC
Fees vary
Buy and sell bitcoin, Ethereum, Litecoin and Bitcoin Cash on one of the world's most renowned cryptocurrency exchanges.
Cryptocurrency, Bank transfer
JPY, USD, SGD, AUD, EUR, CNY, PHP, HKD, INR
BTC, ETH, QASH, XRP, BCH, NEO, UBTC, RKT, QTUM, BCH, DASH
0-0.25%+
A global exchange which offers users both cryptocurrency and fiat currency deposit options.
Cash, Credit card, Debit card
USD, EUR
BTC, ETH, BCH, LTC, ADA
5.50%
Use USD/EUR to buy bitcoin and Ether with credit card or cash on the Coinmama cryptocurrency exchange.
Credit card, Debit card, Neosurf, Cashlib, Trustpay, ePay
USD, EUR, GBP, JPY, CNY, KRW, AUD, CAD, DKK, NOK, SEK, TRY, HKD, SGD
BTC, ETH, XRP, DASH, LTC, BCH, ETC, OMG, ZRX, CVC, BNT
Credit/debit card: 6.9%
TrustPay: 3%
Cash vouchers: 5.9-11.9%
Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
Cryptocurrency
-
BTC, BCH, DRG, UKG, ENJ, TRX, LDC, MGO, AMLT, EZT, LALA, IPSX, FLIXX, STU, 1WO, TPAY, ETH, WIN, LTC, SPHTX, RKT, UBTC, ETN, ECH, QASH, NEO, HAV, XRP, ETC, STAC, FLUZ, VZT, XEM, XLM, VET, BMC, ONG, FDX, XMR, DENT, MCO, IND, GAT, ZEC, CAN, STX, QTUM, OAX, IXT, STORJ, MTN, REP, FCT, DASH
Maker: -0.075%
Taker: 0.15%
Owned by the team behind QUOINEX, QRYPTOS is a global crypto-to-crypto platform which supports over 50 cryptocurrencies and offers negative trading maker fees to generate liquidity.
Credit card, Debit card, Cryptocurrency, Perfect Money, SEPA, Wire Transfer, Payza, CryptoCapital, Money Polo, Payeer, Giropay, Yandex Money & more
USD, EUR, RUB, PLN, UAH
BTC, BCH, ETH, ETC, XRP, KICK, DASH, WAVES, ZEC, XMR, LTC, DOGE, USDT
0.2%
A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
MoneyGram, Perfect Money, Western Union, Cryptocurrency, OKPAY
USD, EUR, RUB
BTC, ETH, LTC
None
Buy and sell crypto and other digital currencies on this global fixed-rate exchange.
Cryptocurrency, Payeer, Perfect Money, Qiwi
USD, EUR, RUB
BTC, BCH, ETH, LSK, LTC, XMR, XEM, DASH, BCC, DBIX, CLOAK, EMC, NEO, TIME, SHIFT, STRAT, DOGE, DTR, DGB, VOX, ESC, MONA & 140+ more
0.02-0.18%
Trade at an exchange that has an extensive offering over 160 coins and numerous fiat and altcoin currency pairs.
Cryptocurrency *Powered by atomic swaps
-
*Note that while the platform is under development, it is expected to support BTC, ETH, REP, ANT, BAT, EOS, SALT, CVC, DNT, SNT & 20+ more
TBA
Launching in 2018, Altcoin.io is a decentralised peer-to-peer cryptocurrency exchange powered by atomic swaps. Sign up now for early access.
Cryptocurrency
-
BTC, BTG, ETH, ETC, DASH, XRP, DOGE, XEM, LTC, XLM, NEO, ADA, EOS, QTUM, XMR, TRX, BCC, XVG, LSK, GEO & 250+ more
0-0.75%
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Bank transfer, Cash*, Cryptocurrency *Cash deposits only available at NAB branches
AUD
BTC
3%
Spendher is an app founded in Australia which aims to streamline buying and selling bitcoins on your mobile, offering options to deposit AUD through bank transfer or cash deposits.
Cash, Credit card, Cryptocurrency, Debit card, BPAY, Flexepin, Neosurf, Neteller, M-PESA, PayPal, Perfect Money, WebMoney, Western Union, iDEAL, SEPA, Skrill, SWIFT
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC
None
Trade fiat currency for bitcoin in person or online with this peer-to-peer exchange offering competitive fees and wide delivery options.
Credit card, Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, BCN, BNT, BTG, CFI, CVC & 70+ more
5%
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Wire Transfer, Cryptocurrency, Express Polish Post Office 24/7, Express ?abka Market, Express DotPay
USD, EUR, PLN
BTC, BCC, BTG, LTC, ETH, LSK, GAME, DASH, KZC, XRP, XIN
Taker: 0.25-0.43%, Maker: 0.17-0.3%
This Polish-based exchange offers a variety of accessible payment methods, including Express Polish Post Office 24/7 service and Express DotPay.
Credit card, Debit card, OKPAY, PayPal, Skrill, SOFORT
EUR, USD, CHF, GBP
BTC
2.5%-20%
Buy bitcoin through PayPal on one of the oldest virtual currency exchanges in the business.
Cryptocurrency, Payeer, AdvCash, Perfect Money, Capitalist, QIWI* Only available for RUB deposits
USD, RUB
BTC, BTG, DASH, ETH, LTC, DOGE, WAVES, LSK, BCC, TRX, NANOX, PAC, ZEC, XVG, EOS, ETC, RDD, TOKC, B2X, TTC & 400+ more
None
Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
Cryptocurrency, SEPA, SOFORT, MoneyPolo, Bank Wire* Domestic wire for CZK and PLN, SEPA only for EUR
EUR, PLN, CZK
BTC, BCH, LTC
Maker: 0-0.1%
Taker: 0.1-0.2%
Trade fiat currencies and cryptocurrency at this European-based exchange with options to pay through domestic bank wire, SEPA and SOFORT.
Bank account, Credit card, Debit card, eCheck, PayPal
USD
BTC
Fees vary
Buy bitcoin instantly with credit card, PayPal or bank account on this peer-to-peer lending platform.
OKPay, PerfectMoney, Yandex Money, Payeer, QIWI, Cryptocurrency
USD, EUR, RUB
BTC, XRB, ETH, DCN, BCH, NIO, TRX, DASH, COB, DOGE, PRIX, DSR, XCPO, LTC, VERI, LOC, NUA, PKT, PPT, ICO & 80+ more
0.25%
Supporting over 100 coins, you can exchange a variety of cryptocurrency pairs on this peer-to-peer platform.
Cryptocurrency, Bank transfer
AUD
BTC, BCH, ETH, HSR, EET, DASH, FUEL, UBTC
0.2% (0.1% for Super-trader)
An Australian cryptocurrency exchange, ACX enables you to buy bitcoin and other cryptocurrencies with AUD bank deposits.
Cryptocurrency
-
BTC, ETH, 18T, BUT, LXT, CDC, UUU, AAC, CNN, UIP, UC, GSC, IIC, MEX, EGCC, SHE
Owned by the team behind Huobi.pro, HADAX lets users vote for cryptocurrencies it should list.
Cash, Credit card, Cryptocurrency, Debit card, Flexepin, Neosurf, Neteller, M-PESA, PayPal, Perfect Money, WebMoney, Western Union, iDEAL, SEPA, Skrill, SWIFT
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC
Buyer: None
Seller: 1%
Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than 300 other payment methods.
Cryptocurrency
-
BTC, BTG, DASH, ZET, XVP, XPM, WDC, VTC, VRC, UNO, TROLL, START, SLR, SLG, RDD, QTUM, PPC, POT, OK, NVC, NMC, NLG, NEOS & 25+ more
0.2-0.5%, Buy: 0.25$, Sell: 0.25%
Trade an array of cryptocurrencies through this globally accessible exchange based in Brazil.
Cryptocurrency
-
BTC, BCH, ETH, LTC, DOGE, NEO, XMR, POWR, DASH, PIVX, XEM, OMG, GNT & 500+ more
0.2%
Buy and sell hundreds of cryptocurrencies with minimal verification on this all-in-one, New Zealand-based exchange.
Electronic Funds Transfer, SEPA, Wire Transfer *payment methods vary per country
USD, EUR, GBP, JPY, CAD
BTC, BCH, ETH, ETC, XMR, DASH, LTC, XRP, XLM, REP, ICN, MLN, ZEC, USDT, GNO, EOS
Maker: 0-0.36%
Taker: 0-0.08%
Exchange multiple cryptocurrencies through a range of payment methods, including Electronic Funds Transfer, SEPA or Wire Transfer.
ACH Bank Transfer, Wire Transfer, SEPA * payment methods vary depending on fiat currency
USD, EUR, GBP
BTC, BCH, ETH, LTC
Maker: None
Taker: 0.1-0.3%
Buy and sell cryptocurrency at this US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
Cryptocurrency
-
BTC, ETH, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, QTUM, ZCL, RDD, LTC, NEO & 120+ more
0.3%
Buy from one of the largest crypto to crypto exchanges with a selection of over 190+ cryptocurrencies.
Cryptocurrency
-
BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB, BCH, LSK, XMR & 50 more
Maker: 0-0.15%
Taker: 0.05-0.25%
Trade various coins through a global crypto to crypto exchange based in the US.
Debit card, Credit card, Cryptocurrency, SEPA, Wire transfer, AstroPay
USD, EUR
BTC, BCH, LTC, ETH, XRP
0.1-0.25%
A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
Bank transfer, BPAY, POLi
AUD
BTC, BCH, ETH, ETC, LTC, XRP
0.1-0.5%
Browse the various coin offerings of this Australian based exchange, where coins can be purchased through AUD, LTC and BTC currencies.
Cash, POLi, Flexepin
AUD
BTC, ETH
Fees vary
Buy cryptocurrency from an Australian service through cash, POLi or Flexepin vouchers.
Credit card, Debit card, POLi, Cryptocurrency
AUD
BTC
1%
Buy and sell on a platform based in Australia which sources bitcoin from all around the world.
POLi
AUD
BTC
Fees vary
Buy and sell bitcoin in AUD through POLi when using this exchange based in Australia.
Cryptocurrency
-
BTC, USDT, ETH, EOS, AE, BTO, BTS, CAN, HLC, SEER, XAS
Maker: 0.05%
Taker: 0.05-0.1%
Recently launched in Australia in late 2017, XBrick now offers its services globally and users can download its mobile trading platform to buy and sell cryptocurrencies.
Cryptocurrency
-
XLM, BTC, BCH, USDT, OMG, ZRX, KIN, MOBI & more
Maker : None
Taker: 0.015%
Stellarport taps into the Stellar Decentralised Exchange to provide buyers and sellers with access to XLM and various other cryptocurrencies.
Cash
AUD
BTC
Fees vary
An Australian bitcoin broker which offers quick and simple trading where no signup is required.
Credit card, Debit card, SEPA, SOFORT, SWIFT, Skrill, Dotpay, Unionpay
AUD, USD, EUR, SEK, HUF, JPY, GBP, NOK, HRK, CAD, CNY, CHF, CZK, RSD, TRY, BRL, DKK, PLN, RUB, ARS
BTC
0.9%
Offering payment options such as credit card, SEPA and SWIFT, you can purchase bitcoin from this European-based exchange with an array of fiat currencies.
Cryptocurrency, Wire transfer
KRW
BTC, BTG, BCH, DASH, ETC, LTC, EOS, XRP, ETH, QTUM, TRX, ICX, VEN, XMR, ZEC, MITH
0.15%
A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
Cryptocurrency, Wire Transfer
USD
TAAS, GNO, ANT, 1ST, HKN, BBT, WRC, AMM, OROC, CHSB, GLBX, BENJA
Fees vary
Maker: 0.2%+
Orderbook is a decentralised cryptocurrency exchange and ICO platform where users can trade Ethereum-based ICO tokens.
Credit card, Debit card, Bank Transfer *GBP bank transfers halted
GBP, EUR
BTC
Maker fee: 0.3-0.7%
Taker fee: 0.3-0.7%
Buy and sell bitcoin in GBP or EUR with credit card, debit card and bank transfer payment options.
Cryptocurrency
-
BTC, BCH, RVN, LTC, ALQO, LCC, ECA, SMART, POLIS, BCO, COLX, IC, XP, BWK, HTML, QBIC, ZNY, DOGE, XSH, DASH & over 40+ more
0.2%
Offering over 80 cryptocurrency pairings, CryptoBridge is a decentralised exchange that supports the trading of popular altcoins.
Cryptocurrency
-
BTC, BCH, BTG, ETH, ETC, FUN, 1ST, ANT, BAT, BNT, BLK, CVC, CLAM, DASH, DCR, DGB, DNT, DOGE, EDG, EOS, FCT, GAME & 25+ more
Fees vary
A global exchange where no account is needed to begin trading cryptocurrency to cryptocurrency.
PayPal, Moneygram, OKPAY, Perfect Money, SEPA, WebMoney, Western Union, Wire Transfer, Paxum, QIWI, Payeer
EUR, USD
BTC, ETH, ETC, ZEC
Maker: None
Taker: 0.25%
Cryptonit is a secure platform for trading fiat currency for bitcoin, Litecoin, Peercoin and other cryptocurrencies — delivered to the digital wallet of choice.
Cash
USD, AUD, GPB, CAD
BTC, DASH
Fees vary
Buy bitcoin and DASH through this peer-to-peer cash only cryptocurrency exchange based in the US.

Compare up to 4 providers

Name Product Payment Methods Supported Fiat Currencies Cryptocurrencies Minimum Deposit
Credit card, Debit card, POLi, BPAY, Bank transfer
AUD, GBP, USD, JPY, EUR, CAD, CHF
BTC, ETH, XRP
None
Losses can exceed deposits.
A trading platform which offers cryptocurrency CFDs where traders speculate on the price movement of cryptocurrencies such as BTC, ETH and XRP.
Credit card, Debit card, Neteller, PayPal, Skrill, WebMoney, Yandex Money
USD
BTC, BCH, DASH, ETC, ETH, LTC, XRP
USD$200-$500
Losses can exceed deposits.
Copy the trades of leading cryptocurrency investors on this unique social investment platform.
Credit card, Debit card, Electronic Funds Transfer, Neteller, SOFORT, Skrill, iDeal, WeChatPay, Giropay, China Union Pay & more
USD
BTC, ETH, XRP
0.25 BTC, 1000 XRP, or 1 ETH
Losses can exceed deposits.
This online trading platform based in Poland, Cyprus and Australia offers several deposit methods for international users.
Credit card, Debit card, BPAY, Electronic Funds Transfer
EUR, USD, AUD, JPY, GBP
BTC, ETH, LTC, XRP
None
Losses can exceed deposits.
A trading platform offering CFDs and margin trading where users can trade the value of cryptocurrencies through a broker without storing or owning tokens.
Credit card, Debit card, BPAY, POLi, Neteller, PayPal, China UnionPay, Wire Transfer, Fasapay, Qiwi, Skrill, WebMoney
AUD, EUR, CAD, CHF, GBP, JPY, NZD, SGD, USD, HKD
BTC, BCH, ETH, LTC, DASH, XRP
USD$200
Losses can exceed deposits.
As a forex and CFD trading platform based in Australia, Pepperstone gives local and international users access to trade cryptocurrency against USD.
Cryptocurrency
-
BTC, BCH, ADA, DASH, ETH, ETC, LTC, XMR, XRP, XLM, ZEC
Varies
Losses can exceed deposits.
Trade cryptocurrency derivatives with high liquidity for bitcoin spot and futures, and up to 100% leverage on margin trading.
Credit card, Debit card, Wire transfer, Credit vouchers (POLi, Neteller, SEPA, Giropay, Skrill & more)
GBP, EUR
BTC, LTC, ETH, XRP, XMR, DASH, NXT, ETC, ZEC, GNT
EUR€300
Losses can exceed deposits.
An international trading platform which offers Cryptocurrency CFDs, enabling users access to several main cryptocurrencies.

Compare up to 4 providers

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Hive Empire Trading Pty Ltd (T/as “HiveEx.com”) is a related party of Hive Empire Pty Ltd (T/As finder.com.au)

By submitting this form, you agree to finder.com.au privacy policy and the HiveEx.com Client Terms and Conditions.

HiveEx.com is an over-the-counter (OTC) cryptocurrency platform specialising in high-volume trades.

  • Tap into HiveEx.com’s global network of high liquidity trading partners
  • Trade between $10,000 and $100 million for a fixed price
  • Access competitive rates compared to traditional exchange trading
  • Receive your coins in your wallet fast, with same day settlement options
  • As an AUSTRAC registered company, HiveEx.com is fully compliant with industry-standard AML and CTF obligations

How to begin and what to do first

Before getting started, you need a place to put your bitcoin. That means either getting a wallet or looking for a broker/exchange that offers you a wallet as part of its service.

Cryptocurrency wallets in Australia: How to choose

If you’re a cryptocurrency beginner, there are probably three basic types of wallets you might consider.

  1. Desktop - Simple, secure, easy to use and popular, this wallet is in the form of a program you download to your computer. It’s quick and easy, but you want to be sure that your computer is free of viruses or malware.
  2. Smartphone - The same as above, but it’s an app for your phone instead.
  3. Hardware - An option for holding your currency securely offline in a more physical form. These wallets are like USBs or hard drives that hold your cryptocurrency.

You can compare hardware wallets here. They can be a good combination of security and familiarity for anyone who’s not entirely confident with new technology, and they can also be a good physical backup to have on hand.

How to buy bitcoin in Australia

You can get bitcoin in three simple steps.

Step 1 - Create a wallet

You can download and create a wallet online. The wallet is where you hold your bitcoin, and there are plenty of options, such as Blockchain.info. This wallet is widely used, backed by millions in venture capital and is designed to be simple and reliable. To set it up securely, just follow the prompts in the security centre. It's much like downloading and installing any other software.

Step 2 - Find a bitcoin service and make your payment

Choose a service you like and make your money transfer. The quickest and simplest way is to find a broker to buy bitcoin on your behalf, but you might also create an account on an exchange if you're looking for better value for money and want to get more deeply involved in cryptocurrency.

You will probably need to verify your identity with the service, depending on how much bitcoin you want to buy. This is done by providing proof of identity. Bitcoin is infinitely divisible, so you can buy just a tiny fraction of a coin if you want.

To buy from a broker, you send them money and they send you bitcoin. To buy from an exchange, you send money to your account and then use it to buy bitcoin on the open market.

Step 3 - Receive your bitcoin

Provide your wallet address to receive your bitcoin. The address will look like a long string of numbers and letters, about 15 digits long. It's easy to find with most wallets. On Bitcoin.info, you can find your wallet address in the Request tab.

Brokers and exchanges will request the address. Remember that you won't be able to receive bitcoin if you haven't provided it.

Once the transfer has been initiated, it will usually show up in your wallet in under an hour. Brokers will usually give a set timeframe in which you can expect to receive your bitcoin, while exchanges will often show their transfer times in "confirmations." Depending on how busy the network is, each bitcoin confirmation is roughly ten minutes. So if an exchange says your coin is sent in four confirmations, you can broadly expect it to take about 40 minutes before it's visible in your wallet.

How to choose a broker or exchange

Decide whether you’re happy to pay premium prices for a reliable bitcoin seller, or if you’re happy to go on the exchanges and hunt for a bargain instead.

To pick one, you should look at the following:

  • Whether they are exchanges or buying/selling services. At an exchange, you’ll be trading with other users while a buying/selling service, or broker, can simply sell you bitcoin.
  • Accepted payment methods. POLi lets you make quick and free bank transfers and is one of the most widely accepted payment methods when buying bitcoin in Australia. If that suits you, then most providers can offer it. If you’re looking for alternatives such as paying with cash, BPAY, credit card or PayPal, you might have to search more widely.
  • Whether you need your own wallet. If you have your own wallet, then you don’t need to worry about it. If you don’t, then you might want to start with a provider that offers its own in-built wallet.
  • Whether they require verification. Most reputable services will require you to verify your identity, but some will still let you conduct smaller transfers without verifying your identity. Verification can take a day or two, so if you’re in a hurry or want to transact anonymously, you might want to look for the no-verification providers. Otherwise, simply be ready to provide some identification after signup.

We’ve assembled here a list of some legitimate services for your consideration. All you have to do is pick one that suits your needs, follow the steps provided and transfer some Australian dollars, other supported fiat currency or cryptocurrency for bitcoin.

How to get bitcoin without buying it

There are other ways to get bitcoin as well.

The following are the main ones:

  • Charge bitcoin for goods and services. You can request payment in bitcoin instead of AUD.
  • Mine bitcoin. It’s now extremely hard for any individual to make money from mining bitcoin. However, if you’re still interested, learn more about bitcoin mining here.
  • Earn free bitcoin. Although time-consuming, there are a handful of legitimate ways to earn small amounts of free bitcoin through online games and bitcoin faucets.

How to trade bitcoin and other cryptocurrencies

If you’re interested in getting more involved in trading cryptocurrencies, then the exchanges, rather than the brokers, might be where you want to be.

You’ll find brokers willing to buy bitcoin from you, but typically you’ll probably be able to find better prices by selling to other users on an exchange instead.

A full-feature exchange that lets you set limit orders and do more all round than simply trade at current market value can also be worth exploring with an asset as volatile as bitcoin.

What’s the cheapest way to buy bitcoin?

The cheapest way is probably to charge bitcoin for goods or services, or receive bitcoin donations. But the most cost-effective way to buy bitcoin might be to purchase them from an exchange during a slump in the market.

What’s the quickest way to buy bitcoin?

The fastest way is probably to use a service like buyabitcoin.com.au that doesn’t require verification.

On platforms like this, people can buy the equivalent of up to AUD$9,000 in bitcoin as easily as entering their email address, their wallet info and transferring funds.

And getting a wallet can be as quick as going online and downloading one.

What’s the easiest way to buy bitcoin?

The easiest way to buy bitcoin in Australia is probably to use a reliable and simple bitcoin broker service. Some will even let you pay cash over the counter in a bank, or at a Smart ATM.

Learn more about the history of bitcoin, the technology behind it, and where it might go in the future.

How does bitcoin work?

For users, bitcoin works the same as any other currency. Just like using your credit card or making a transfer for an international transaction, using a bitcoin exchange allows you to send a certain currency digitally to someone else. Bitcoin.com gives each user a digital wallet to store, send and receive bitcoin.

The bitcoin network works by using a public ledger called the blockchain. This ledger contains all processed transactions and is used to check a transaction’s validity by using digital signatures.

The value of bitcoin is established much the same as any other currency, with the exact value depending on the number of people using bitcoin and the number of bitcoin in circulation. The value of bitcoin can also be affected by relatively small events, trades or business activities.

Historical rate chart of BTC and AUD

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Updated: 20 May 2018 16:12:43 UTC

How to sell bitcoin in Australia

The counterpart of buying bitcoin is selling it. Unless you're using it to pay for things directly, or trading it for other cryptocurrencies, selling bitcoin is how to actually get your money's worth from it.

Read the full guide to your bitcoin selling options, and how to get the best bang for your bit.

Who uses bitcoin?

Although it’s a digital currency, a wide range of businesses who exist both online and offline use and accept bitcoin. Bitcoin can be used to make payments online and in physical stores and any user can make these payments as long as they have the recipient's address. There is also no need for a merchant account to be set up in order to receive payments.

Popular Australian-based bitcoin exchanges

The table below outlines some other global platforms which facilitate the purchase, exchange and sale of bitcoin.

CoinbaseCoinMamaLocalBitcoins.comLuno
Buy bitcoin and other high market cap altcoins with PayPal, credit card and more.Buy bitcoin and Litecoin with your credit card, Western Union, Moneygram and more.An in-person trading service that trades bitcoin for cash.An exchange servicing parts of Asia and Europe (formerly BitX).
CEX.IO24changeXMLGoldVirwoX
Buy and sell bitcoin at competitive rates using credit card and more.An automated buy/sell bitcoin serviceAn exchange service that works with bitcoin and other digital currencies.Purchase bitcoin with PayPal and credit cards.
SpendBitcoins.comANXPROPaxfulIndacoin
Uses over the counter transfers for bitcoin purchases.Bitcoin exchange based in Hong Kong which supports all major global currencies, even offering its own Bitcoin Debit Card.Connect with bitcoin buyers and sellers through this peer-to-peer network.Use a credit/debit card to buy bitcoin and other cryptocurrencies without having to verify your identity.

Andrew Munro

Andrew writes for finder.com, comparing products, writing guides and looking for new ways to help people make smart decisions. He's a fan of insurance, business news and cryptocurrency.

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36 Responses

  1. 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.

    • Staff
      HaroldDecember 20, 2017Staff

      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 on this page. They may offer charting packages and maybe a familiar option for a fx trader.

      I hope this information has helped.

      Cheers,
      Harold

  2. Default Gravatar
    Missjayne69December 11, 2017

    Can I transfer from PayPal to my bitcoin wallet

    • Staff
      RenchDecember 12, 2017Staff

      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

  3. 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?

    • Staff
      RenchNovember 19, 2017Staff

      Hi Joe,

      Thanks for reaching out to us. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.

      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

      You may get more information on this page.

      May I ask for the name of the bitcoin that’s offering you, so I can check and see if we have a review of them.

      Best regards,
      Rench

  4. Default Gravatar
    NelsonOctober 14, 2017

    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

    • Staff
      ArnoldOctober 15, 2017Staff

      Hi Nelson,

      Thanks for your inquiry

      Please click here to see a table that outlines some sites and companies which facilitate the purchase, exchange and sale of bitcoin.

      Hope this information helps

      Cheers,
      Arnold

  5. Default Gravatar
    cameronSeptember 19, 2017

    is $1000 enough to invest in bitcoin and make a decent amount of money? if not how much money should i invest in bitcoin

    • Default Gravatar
      JonathanSeptember 19, 2017

      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

  6. Default Gravatar
    sigaSeptember 15, 2017

    I am inquiring about the cost of purchasing one 40 X bitcoin. , in Australia dollars.?
    regards Siga

    • Staff
      HaroldSeptember 15, 2017Staff

      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

  7. Default Gravatar
    frederickSeptember 6, 2017

    What is the min amount to open a wallet an how do i go about it

    • Staff
      DanielleSeptember 7, 2017Staff

      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

  8. Default Gravatar
    frankSeptember 6, 2017

    I wish to buy Bitcoin40X but cannot find a way. Is there a market?

    • Staff
      HaroldSeptember 6, 2017Staff

      Hi Frank,

      Thank you for your inquiry.

      As per checking you are already in the correct page. Please click “go to site” link for further details.

      I hope this information has helped.

      Cheers,
      Harold

  9. Default Gravatar
    SteveAugust 17, 2017

    How do I buy the new Bitcoin 40x

    • Default Gravatar
      JonathanAugust 18, 2017

      Hello Steve,

      Thank you for your inquiry.

      You may click “Go to Site” green button of our featured bitcoin merchant on the panel to be redirected to their page. You may consult them directly to determine if such product is available.

      Hope this helps.

      Cheers,
      Jonathan

  10. Default Gravatar
    BarbaraJuly 12, 2017

    I live in Australia should I buy locally or invest offshore?
    On average how long should I invest in bitcoin if I was to buy $10.000 bitcoin ?
    When could I experience my first return?
    Do I look after my investment or will I be appointed a financial advisor that will grow my investment?

    • Default Gravatar
      JonathanJuly 26, 2017

      Hello Barbara,

      Thank you for your inquiry today.

      Investing locally or offshore is a decision depending on your risk tolerance. Generally, if you are a starting investor, it may better for you to start locally as offshore trading can be exposed to a lot of global mishaps. Once you got a clearer feel of how the trading would work, that’s the time you may want to expand outside.

      As for the term of investing and returns, bitcoin is one of the most volatile type of investments and can work in a binary set-up with other currencies. It fluctuates almost every few minutes and can be very drastic. If you wish to have more stability in your returns, you may consider staying few weeks to months, even years, but then again there is no guarantee if you take a gain or more losses.

      If you have some investment and trading background, a bit of research and self-taught resources online can somehow help you straighten out. You may start on a smaller amount and then gradually increase it once you feel more comfortable. Hiring a financial advisor is fine as long as you hire a good one, but then again no one knows how the market behaves and it boils down to how much money you’re willing to lose or pay for someone else.

      Hope this helps.

      Cheers,
      Jonathan

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