How to buy bitcoin

How to buy and trade bitcoin in Australia

Read our beginner’s guide to buying bitcoin (BTC) with step-by-step instructions.

Want to buy bitcoin (BTC) but don’t know how? If you’re new to the world of cryptocurrency, understanding exactly how bitcoin works and how and where you can buy bitcoin in Australia is a pretty big challenge.

To help you make sense of the jargon and safely get your hands on some of the world’s most well-known digital currency, we’ve put together this beginner’s guide to buying bitcoin in Australia.

Cointree Cryptocurrency Exchange

Cointree Cryptocurrency Exchange

Buy 30+ cryptocurrencies using POLi, cash or Electronic Funds Transfer.

  • Good platform for novices. Simple signup and interface for ease of use.
  • Proof of solvency. Verification that your bitcoins are genuine.
  • Learning Hub. Large selection of resources to help you learn more about cryptocurrency trading.
  • Security. Cointree employs a host of security measures to protect your funds.
  • 30+ digital currencies supported. Cointree allows you to trade a host of popular cryptocurrencies.
Promoted
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.

Quick guide: How to buy bitcoin in Australia

  1. Register for an account with an exchange like CoinSpot.
  2. Enable 2-factor authentication.
  3. Verify your account.
  4. Click “Deposit AUD”.
  5. Transfer funds into your account.
  6. Click “Buy/Sell” at the top of the screen.
  7. Search for bitcoin and click on “Buy BTC”.
  8. Enter the amount of BTC you want to buy or the amount of AUD you want to spend.
  9. Review the transaction details.
  10. Click “Buy BTC”.

This is our quick guide to just one way to buy bitcoin. Compare some other options in the table below.

Compare bitcoin brokers and exchanges

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
BPAY
Cash
Cryptocurrency
POLi
AUD
BTC, BCH, ETH, XRP, ADA, XEM, LTC, XLM, TRX, DASH, NEO, XMR, EOS, QTUM, BTG, LSK, ETC, XVG, SKY, NAS, LINK, GO & over 100+ more
CoinSpot is an Australian-based marketplace that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Cash
Cryptocurrency
Electronic Funds Transfer
POLi
AUD
BTC, ETH, BCH, EOS, ZRX, AE, AION, REP, DGD, ICX, IOST, OMG, PPT, SNT, TRX, VET, ZIL, ZEC, LSK, DCR, SC, STEEM, GNT, DGB, BAT, KMD, BTG, ADA, DASH, ETC, OIST, LTC, XMR, XEM, NEO, ONT, QTUM, XRP
Buy 30+ cryptocurrencies using POLi, cash or Electronic Funds Transfer.
Bank transfer
Cryptocurrency
AUD
BTC, ETH, BCH, ETC, LTC, POWR, ELF, IOST, CTXC, DTA
Special offer: Get a $10 bonus when you create a verified account through finder. Payouts every 10 business days. T&Cs apply.
Link your bank account to buy and sell 10 cryptocurrencies with Australian dollars.
Credit card
Debit card
Neteller
PayPal
Yandex Money
USD
BTC, BCH, DASH, ETC, ETH, LTC, XRP, MIOTA
Copy the trades of leading cryptocurrency investors on this unique social investment platform.

Disclaimer: Highly volatile investment product. Your capital is at risk.
65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Bank transfer
POLi
AUD
BTC
A digital exchange based in Brisbane where users can pay in AUD to buy their BTC.
Bank transfer
Credit card
Debit card
Bank transfer (SEPA)
USD, GBP, AUD, EUR, INR, ARS, BRL, CAD, CNY. NZD, DKK, HKD, ILS, JPY, KES, CHF, MXN, NOK, PHP, PLN, SGD, SEK, AED
BTC, LTC, ETH, BCH, BAT, DASH, BTG, XRP, VOX
Buy, send and convert more than 35 currencies at the touch of a button.
Credit card
Debit card
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC, BCH, ETH, LTC, ETC
Get US$10 in free bitcoin when you buy US$100 or more of any crypto. T&Cs apply.
Buy and sell 5 major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Cryptocurrency
Electronic Funds Transfer
SWIFT
AUD, NZD, USD
BTC, BCH, ETH, LTC, XRP, OMG, ZRX
Trade AUD and other fiat currencies against 5 different cryptos at competitive rates.
Blueshyft
BPAY
POLi
USD, EUR, GBP, AUD
BTC, ETH, LTC, XRP, ZEC
An all-in-one platform for buying, selling and managing bitcoin, this Australia-based platform supports users and currencies from various countries.

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
Copy the trades of leading cryptocurrency investors on this unique social investment platform.

Disclaimer: Highly volatile investment product. Your capital is at risk.
65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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.

Compare up to 4 providers

HiveEx Logo

Enter your details below to receive a quote from a HiveEx.com trader as soon as possible.

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 $50,000 and $100m 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

What is bitcoin?

Bitcoin is the world’s oldest and biggest digital currency by market cap. Created in 2009 by an unknown person (or persons) using the alias Satoshi Nakamoto, bitcoin is a form of decentralised electronic cash designed to provide a viable alternative to traditional fiat currency.

Rather than having to deal with a centralised authority such as a bank to process transactions, bitcoin holders can transfer their coins directly to one another on a peer-to-peer network. All bitcoin transactions are tracked on a public ledger known as the blockchain, and people working as miners verify transactions and update the blockchain.

bitcoin

The maximum coin supply of bitcoin is limited to 21 million, but it’s possible to buy a small fraction of a coin – each individual coin can be divided down to 0.00000001 BTC. Find out more about how bitcoin works in our comprehensive beginner’s guide.

A step-by-step guide to buying bitcoin

You can buy bitcoin in Australia in three simple steps:

Step 1. Choose a bitcoin wallet

Before you can buy any bitcoin, you’ll need to set up a digital wallet where you can safely store your coins. Bitcoin wallets don’t actually hold any coins, but instead store the private keys you need to access your public bitcoin address and sign transactions.

There are dozens of options to choose from, including the following:

  • Hardware wallets, such as the Ledger Nano S and TREZOR, provide offline storage for your private keys.
  • Desktop wallets, such as Electrum and Exodus, can be downloaded to your computer and used to store private keys on your hard drive.
  • Mobile wallets, such as Jaxx and Coinomi, allow you to manage your BTC from your Android or iOS device.
  • Web wallets, such as Blockchain Wallet and GreenAddress, offer convenient online access to your bitcoin.
  • Paper wallets allow you to print out your bitcoin public and private keys and use this piece of paper as your wallet.

Read our guide to some of the best bitcoin wallets for more.

Step 2. Choose a cryptocurrency exchange

The next step is to decide how and where you will buy bitcoin. There are hundreds of platforms to choose from, and they can be separated into three main categories:

Start comparing exchanges

Step 3. Buy bitcoin

The final step is to submit an order through your chosen platform. For most first-timers, the easiest and most convenient option is to use a bitcoin broker.

No matter which type of exchange you choose, you’ll usually need to sign up for an account first. Depending on the exchange you use and the regulatory requirements it is subject to, you may be able to sign up simply by providing your email address or you may need to provide your full name, contact information and proof of ID before being allowed to trade.

Once your account has been verified, you’ll need to enter the amount of BTC you want to buy, choose your payment method, review the fees and the total cost of the transaction and then finalise your purchase.

The exact steps you’ll need to follow vary depending on the payment method and type of platform you choose, so keep reading for more details on the different ways you can buy bitcoin.

How can I pay for my bitcoin?

There are many different ways you can purchase bitcoin, each of which has its own pros and cons.

Want to turn your cash into cryptocurrency? There are several ways to buy bitcoin with cash in Australia, including the following:

  • Use a peer-to-peer exchange to find a seller who accepts cash.
  • Load a prepaid card with cash and then use it to buy bitcoin on a platform that accepts prepaid cards, such as Bitit or Bitcoin Australia.
  • Find a bitcoin ATM and deposit cash, which can then be converted into BTC.
  • Use a crypto broker that accepts cash deposits, such as CoinSpot.
  • Use an exchange that allows you to deposit funds into your account using a money transfer service, such as Western Union or MoneyGram, and pay for your transaction with cash. Cryptex24 is one such platform.

Buy bitcoin with cash

Buying bitcoin with cash is quick and convenient but is usually more expensive than other options.

Get a complete list of exchanges that let you buy crypto with cash.

Many bitcoin brokers and exchanges allow you to buy bitcoin using your credit card. These include platforms like Coinbase and Coinmama, and using your credit card allows you to make quick and convenient purchases.

However, credit card transactions tend to attract higher fees and some banks have even blocked customers from buying crypto with plastic. Debit cards are nowhere near as widely accepted as credit cards but can still be used to buy cryptocurrency on some platforms.

Find an exchange where you can pay for bitcoin with your credit/debit card.

Got a PayPal account and want to use it to buy bitcoin? The good news is that you can definitely do this; the bad news is that only a limited number of platforms accept PayPal.

The biggest advantage of buying bitcoin with PayPal is that it’s quick and easy to do as you’ll no doubt be aware if you’ve ever used PayPal to purchase anything else online.

However, you may need to hunt around for the right platform, and if the platform you choose doesn’t accept AUD, then you’ll need to be fully aware of the fees that apply. VirWox and Paxful are two of the better-known platforms that accept PayPal at the time of writing.

Head to our full list of exchanges that support PayPal.

Another way to buy bitcoin with Australian dollars is to choose a platform that accepts bank transfer deposits. The list of platforms that allow bank transfers is an extensive one and includes sites like CoinSpot, Independent Reserve, BTC Markets, Cointree and more.

Depositing funds using your bank account usually doesn’t attract any fees, but it does mean you may have to wait one to two business days until the funds are cleared into your exchange account.

Another option is to choose a platform that accepts POLi Payments. Transfers using this system are typically processed more or less instantly, but they may attract higher fees.

BPAY transfers are also accepted by some exchanges, but be aware that they can take up to three business days to process.

Whichever bank account payment method you select, make sure you consider the following:

  • Any transaction limits that apply
  • The fees charged by the bitcoin exchange or broker
  • How long it will take for your funds to arrive

Buy bitcoin with crypto

If you want to exchange another cryptocurrency for bitcoin, you’ll be pleased to learn that BTC is listed in a huge range of trading pairs on a wide variety of crypto exchanges. The key is finding the exchange that offers the right features and fees for you.

You’ll need to search for exchanges that list your desired trading pair, such as BTC/DASH, and then compare the pros and cons of each platform. Once you’ve found a suitable exchange, you can buy bitcoin by following a few simple steps.

For example, if you want to buy BTC on Binance, you’ll need to do the following:

  1. Register for an account with Binance.
  2. Enable 2-factor authentication.
  3. Click on “Funds” and select “Deposits”.
  4. Select the digital currency you want to deposit (eg, DASH) and then copy the relevant wallet address or scan the QR code.
  5. Transfer the digital currency into your account from your external wallet.
  6. Click “Exchange” and select either the “Basic” or “Advanced” trading view.
  7. Search for the pair you want to trade, such as “BTC/DASH”.
  8. Select a Limit, Market or Stop-Limit Order.
  9. Enter the amount of BTC you want to buy in the field provided.
  10. Take a moment to review the details of your transaction.
  11. Click “Buy BTC”.

The process may vary slightly from one platform to the next, so look for a how-to guide on your chosen exchange or contact its customer support team if you’re unsure of what to do.

If you want to buy bitcoin in Australia, most exchanges will require you to verify your identity first. However, if you value your privacy, it is still possible to buy bitcoin anonymously.

The following are some of the available options:

  • Using a peer-to-peer platform like LocalBitcoins to trade directly with a bitcoin seller
  • Using a bitcoin ATM to anonymously deposit cash, have it converted to BTC and then transferred to your bitcoin wallet
  • Buying bitcoin with a prepaid credit card or cash via a platform that doesn’t require ID
  • Trading altcoins for bitcoin on an exchange that doesn’t require proof of ID

Check out our guide on how to buy bitcoin anonymously.


How to choose a bitcoin exchange

With hundreds of platforms to choose from, finding the best bitcoin exchange for your needs is a challenging task. To make your choice easier, consider these key factors when comparing exchanges:

  • Where the exchange is based and how it is regulated. While the regulatory environment surrounding Australian digital currency exchanges is becoming clearer all the time, the same can’t be said for some overseas-based exchanges. Do some research to find out where an exchange is based, the regulatory requirements that apply in that country, and whether the exchange complies with those requirements. This will help you work out if you’re dealing with a reputable platform.
  • Security. Look at the security features a platform has to offer, such as 2-factor authentication and PGP encrypted emails. Has it ever been hacked or linked to any suspicious activity?
  • Fees. Check the fine print to find out exactly how much your transaction will cost. Depending on the platform you choose, these could include trading fees and transaction fees as well as deposit and withdrawal charges.
  • Transaction limits. Are there any minimum or maximum limits on the amount of bitcoin you can purchase? Does the exchange restrict the amount of funds you can withdraw from your account in any one transaction or 24-hour period?
  • Supported currencies. As the biggest digital currency in the world by some margin, bitcoin can be bought and sold on a huge range of platforms. However, if you’re looking to acquire other cryptocurrencies as well as bitcoin, check to see what other coins you can buy through the platform.
  • Customer support. 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? Check what contact methods are available and find out how quick the team is at responding to enquiries.
  • Reputation. Research bitcoin forums and online reviews to find out what sort of experience other users have had with the platform.

Learn more about how to choose an exchange in our cryptocurrency exchange guide

Choose a bitcoin exchange


Buying bitcoin from an Australian exchange: pros and cons

There’s plenty of choice when selecting a bitcoin exchange, and Australian users can choose from platforms based here at home or in countries all around the world. So, should you buy bitcoin from an Australian exchange or from a foreign platform? To help you decide, consider the pros and cons of buying on an Aussie exchange.

Pros

  • Australian exchanges are regulated and must comply with AUSTRAC’s AML/CTF reporting obligations.
  • You can usually buy bitcoin with AUD.
  • Australian exchanges support local payment methods, such as POLi Payments and BPAY.
  • You can access local customer support.
  • You get better consumer protection if your funds go missing.

Cons

  • You’ll need to provide your personal details and proof of ID – a disadvantage for people who want to trade anonymously.
  • The registration process takes longer than on those platforms that don’t require ID verification.
  • Some bigger platforms based overseas offer much better liquidity.

Regardless of whether you choose an Australian or overseas-based crypto exchange, make sure you compare a range of options before deciding which platform to use.

Buying bitcoin on CoinSpot

Want to buy bitcoin from a cryptocurrency broker using Australian dollars? Here’s a step-by-step guide explaining exactly what you need to do, using Melbourne-based exchange CoinSpot as an example:
Register for an account with CoinSpot

You can sign up for a CoinSpot account by providing your email address and creating a password. Before you can trade, you’ll need to verify your account by doing the following:

  • Verifying your email address and phone number
  • Uploading proof of ID and proof of residency
  • Uploading a photo of yourself holding a handwritten statement

Remember to also enable 2-factor authentication on your account for extra security.

Deposit funds into your account

From your CoinSpot account dashboard, click the “Deposit AUD” link. You’ll then be able to access the necessary details to transfer funds into your account via POLi Payments or BPAY. Alternatively, you can opt to deposit cash at a participating newsagency via blueshyft.

Buy BTC

Click on the “Buy/Sell” tab at the top of the screen before clicking on the “Buy BTC” button. Specify how much bitcoin you want to buy or how much AUD you want to spend, then take a moment to review the full details of the transaction before you click “Buy”.


Five things you should know before you buy bitcoin

You wouldn’t invest in shares without doing your research first, so make sure you understand the following essential facts about bitcoin before you buy:

  • It’s volatile. Take a look at a graph charting the price history of bitcoin and you’ll see straight away that its value is capable of rising and falling sharply in a relatively short space of time. Not only is bitcoin volatile but, as a very new asset class, it’s also highly unpredictable. This means there’s a high level of risk associated with buying bitcoin.
  • Security is vital. Have you ever heard the saying that if you don’t own your private key, you don’t own your bitcoin? Understanding the difference between your public and private key as well as the importance of safely storing your private key is crucial to securing your BTC.
  • Bitcoin transactions can’t be cancelled. Once you’ve submitted a transaction to the bitcoin network, it cannot be cancelled. With this in mind, make sure you double-check the receiving address before sending a bitcoin payment.
  • Bitcoin is not anonymous. There’s a widespread misconception that all bitcoin transactions are anonymous. This isn’t the case as your public address and the details of your transactions are visible to everyone. If anonymous transactions are an important feature for you, it may be worth researching privacy-focused coins, such as Monero.
  • There are tax implications. If you hold bitcoin as an investment, you’ll be taxed on any capital gains you make when you sell it for AUD or another cryptocurrency. Tax obligations also apply to bitcoin mining, professional bitcoin traders and in a range of other scenarios, so make sure you’re fully aware of what you need to report to the ATO. You can also check out our crypto tax guide for more information.

Finally, it’s also worth remembering that bitcoin is far from the only fish in the cryptocurrency sea. While it may be the biggest and best-known, there are more than 1,600 other cryptocurrencies available as of July 2018 (and growing). While the value of some of these coins is questionable, there are plenty of other digital currencies worth considering as alternatives to bitcoin.


Other ways to get bitcoin

Want to get your hands on some bitcoin without actually buying it? There are a few options available:


Buying bitcoin OTC

If you want to buy a large amount of bitcoin, for example $50,000 or more, you may want to think twice before placing your trade on a traditional exchange. Not only will you be exposed to slippage, which can substantially increase the cost of your trade, but you’ll also need to accept the risks of hacking and theft associated with traditional exchanges.

Over-the-counter (OTC) brokers can offer better prices, increased transaction limits and faster processing times to large-volume traders. Check out our OTC cryptocurrency trading guide to find out how buying OTC works as well as the benefits and risks you should be aware of.


Next steps

If you want to buy bitcoin, start comparing a range of cryptocurrency brokers and exchanges. Look at their features, fees, security and overall reputation to decide which platform is the right fit for you.

You can then sign up for an account and get ready to start trading. However, make sure you research your purchase thoroughly and are fully aware of the risks involved before you buy.

Compare bitcoin exchanges

FAQs

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.

Images: Shutterstock

Disclosure: At the time of writing, the author holds ADA, ICX, IOTA and XLM.

Tim Falk

A freelance writer with a passion for the written word, Tim loves helping Australians find the right home loans and savings accounts. When he's not chained to a computer, Tim can usually be found exploring the great outdoors.

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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.

    • finder Customer Care
      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

    • finder Customer Care
      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?

    • finder Customer Care
      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

    • Default Gravatar
      ArnoldOctober 15, 2017

      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

    • finder Customer Care
      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

    • Default Gravatar
      DanielleSeptember 7, 2017

      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?

    • finder Customer Care
      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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