Where to buy cryptocurrency with Australian dollars

How to get started by trading AUD for cryptocurrency.

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Australian's looking to buy cryptocurrency with AUD have a wide range of options and can do so from the comfort of their home in a matter of minutes. Signing up for a cryptocurrency exchange is a bit like signing up for a bank – so you will want to have some ID and proof-of-address documents ready.

Below is a range of cryptocurrency brokers and exchanges that accept Australian dollars, although payment methods and services may vary.

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.

Where to buy cryptocurrency with Australian dollars

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD

270
cryptocurrencies

Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

297
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 250 cryptos.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

262
cryptocurrencies

Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
CoinJar Cryptocurrency Exchange
Cash, Credit card, Cryptocurrency, Debit card, Bank Transfer (PayID/Osko/BPAY)
AUD, GBP

30
cryptocurrencies

CoinJar offers a simple way to buy, sell, or trade cryptocurrency with AUD. Enjoy free and instant deposits, fees start from 0.05% and withdrawals are free to your bank account
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

169
cryptocurrencies

Finder Exclusive: New members get $10 bonus after first trade. T&Cs apply.
Buy 150+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly.
eToro Cryptocurrency Trading & CFDs
Bank transfer, Credit card, Debit card, Neteller, PayPal, Online banking, Skrill
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK & 5+ more

26
cryptocurrencies

Disclaimer: Volatile investment product. 75% 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.
Copy the trades of leading cryptocurrency investors on this unique social investment platform. $200 minimum deposit.
Finder app
Finder app
Bank transfer, PayID
AUD

2
cryptocurrencies

Manage all your finances in one place and enjoy instant purchases of BTC and ETH.
Easy Crypto Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi
AUD

53
cryptocurrencies

Easy Crypto is a simple way to buy and sell a range of cryptocurrencies, straight to and from your own crypto wallet.
Gemini Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, CAD, EUR, GBP, SGD, HKD

40
cryptocurrencies

Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

141
cryptocurrencies

Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
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Compare up to 4 providers

Which one should I pick?

It depends on what you need. To pick the right one for you, look at:

  • Which cryptocurrencies are available – Some will only sell bitcoin, while others will deal in a handful of top coins. And others might offer over a hundred different types of cryptocurrency.
  • What kind of payment method they accept – You can pay with AUD at all of them but in different ways. Some will let you make a quick and free direct bank deposit, which is usually the best option. But if you want to pay with credit card, PayPal or even cash in hand, then look for that option instead.
  • Whether you like the website – There are plenty of options, so find the one that works for you.
Find the right crypto exchange for you

Payment methods

Bank transfer (Osko, PayID, POLi)

Direct bank transfers, such as Osko, PayID and POLi are usually the most cost-effective option where possible. This is because they’re often fee-free, and can be processed very quickly.

But just because a site accepts AUD doesn’t mean it accepts POLi or direct bank transfers. It also needs to have an Australian bank account for this to work.

Buying cryptocurrency with cash

By finding a seller in your local area you can directly hand over cash in exchange for cryptocurrency. But if you don’t trust the seller, this might not be the wisest move.

Instead, you can safely buy crypto with cash through Flexepin vouchers, bitcoin ATMs and other systems.

The upside is that it’s an extremely straightforward and simple way of buying. The downside is that you typically won’t be able to buy too much at once, and might be paying slightly higher prices than you would with a bank transfer.
Find out how to buy cryptocurrency with AUD cash.

Buy bitcoin with credit card

Card for crypto? It’s probably easier than you’d think.

This can be a very easy and quick way of making a purchase, and you can often use it on international exchanges for automatic conversions from AUD to USD. The downside is that it can incur unwanted fees.

Currency conversion via credit card will typically be quite expensive, and you’ll need to watch out for the cash advance rate on the card.

Learn more about buying cryptocurrency with credit card.

Buying cryptocurrency with PayPal

PayPal and cryptocurrency aren’t necessarily the perfect combination, but for a lot of people, it’s still the best option. The advantage is that you can buy securely from the comfort of home, using tried and tested payment methods and without putting your card details online.

It can also make automatic currency conversions en route, at decent but not great rates. This will be required in most cases.

The main benefit is probably that it’s an exceptionally fast, albeit slightly more complicated, way of getting started. You won’t necessarily need to wait for identity verification either.

It’s not generally the ideal option if others are available, but if you want to buy into crypto fast it can be a decent choice.

Why use AUD instead of converting it to USD or another currency?

If you have AUD to spend, it's typically better to use AUD directly where possible. This will often be the case even if it costs a little more overall.

It's all down to the transfer and currency exchange fees. And until you have cryptocurrency you can't really avoid them.

Find out how to buy cryptocurrency with AUD through PayPal.

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

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