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Where can you spend bitcoin in Melbourne? Discover how to use bitcoin in the real world with these crypto-friendly stores, retailers, locations and companies.
To find ATMs and kiosks to convert your coins to cash, see our map above and the searchable list at the end of this article.
As a reference, BitRocket is one cryptocurrency ATM operator in Australia. Its rates are "based off Australian prices such as BTCMarkets.net and IndependentReserve.com – with roughly 5.5% on top for convenience. It changes every minute, with the market. Look at the screen when you visit for the exact number. The rate on the screen includes any and all fees, nothing hidden."
While bitcoin and other cryptocurrencies tend to be speculative products that people hold, buy and sell to build a diversified holding, it's also becoming increasingly possible to spend bitcoin on everyday things.
Did you knowServices like ShapeShift and Changelly can make it more convenient to exchange one cryptocurrency for another (crypto-to-crypto conversion). That can be handy when bitcoin transaction fees become so high (and transactions so slow) that alternatives like Bitcoin Cash and Litecoin become worth exploring. Just be sure to check what cryptocurrency your ATM or retailer supports ahead of time.