Buy Bitcoins Australia

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BUY BITCOIN

Don’t have a wallet?

1. Create an Order

2. Verify Details

3. Make a Deposit

4. Receive Bitcoin

Deposit Locations

What is verification?

All customers buying cryptocurrency in Australia will need to complete a once-off verification with their cryptocurrency provider following new regulations implemented from April 1, 2020. This regulation aims to stop terrorism financing and money laundering. The information that is shared with our verification provider (Australia Post’s Digital iD™) is only used for verification purposes.

Your information

The information that is shared with our verification provider (Australia Post’s Digital iD™) is only used for verification purposes.

To be verified you will need to provide up to 1—2 ID document numbers (Passport, drivers licence or medicare), and a residential address.

How to be verified

  1. After creating your order, you will be taken to the Digital ID landing page – Click Verify with Digital iD™.
  2. After clicking Verify with Digital iD™, you will be directed to a page with instructions on how to complete your ID verification.
  3. Provide an ID document number and review your personal details.
  4. After you have reviewed your details, you will see the screen below. Click Allow, and you will be redirected back to the bitcoin.com.au order confirmation page.

The personal details you share with our verification provider (Australia Post’s Digital iD™) is only used for verification purposes.

What is verification?

All customers buying cryptocurrency in Australia will need to complete a once-off verification with their cryptocurrency provider following new regulations implemented from April 1, 2020. This regulation aims to stop terrorism financing and money laundering. The information that is shared with our verification provider (Australia Post’s Digital iD™) is only used for verification purposes.

Your information

The information that is shared with our verification provider (Australia Post’s Digital iD™) is only used for verification purposes.

To be verified you will need to provide up to 1—2 ID document numbers (Passport, drivers licence or medicare), and a residential address.

How to be verified

  1. After creating your order, you will be taken to the Digital ID landing page – Click Verify with Digital iD™.
  2. After clicking Verify with Digital iD™, you will be directed to a page with instructions on how to complete your ID verification.
  3. Provide an ID document number and review your personal details.
  4. After you have reviewed your details, you will see the screen below. Click Allow, and you will be redirected back to the bitcoin.com.au order confirmation page.

The personal details you share with our verification provider (Australia Post’s Digital iD™) is only used for verification purposes.

A cash top-up voucher that allows you to make secure, hassle-free online payments. Simply buy a Flexepin Voucher in-store at thousands of retailers across Australia and enter your numerical PIN from the back of your card on our online form.

To locate the nearest store to buy your Flexepin voucher, click here.

Deposit Limit?

Vouchers range with top-up brackets from a minimum of $20 and max of $500.

The minimum deposit for using this payment method is $60; you can use 2x $30 or 3x $20 vouchers.

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Maximum limits per person:

Daily Weekly
Unverified $500 $1000
Verified $1000 $3500

What is verification?

All customers buying cryptocurrency in Australia will need to complete a once-off verification with their cryptocurrency provider following new regulations implemented from April 1, 2020. This regulation aims to stop terrorism financing and money laundering. The information that is shared with our verification provider (Australia Post’s Digital iD™) is only used for verification purposes.

Your information

The information that is shared with our verification provider (Australia Post’s Digital iD™) is only used for verification purposes.

To be verified you will need to provide up to 1—2 ID document numbers (Passport, drivers licence or medicare), and a residential address.

How to be verified

  1. After creating your order, you will be taken to the Digital ID landing page – Click Verify with Digital iD™.
  2. After clicking Verify with Digital iD™, you will be directed to a page with instructions on how to complete your ID verification.
  3. Provide an ID document number and review your personal details.
  4. After you have reviewed your details, you will see the screen below. Click Allow, and you will be redirected back to the bitcoin.com.au order confirmation page.

The personal details you share with our verification provider (Australia Post’s Digital iD™) is only used for verification purposes.

POLi™ is an online payment option that allows you to use your internet banking system to securely buy Bitcoin & Ether.

Payment must be made using a bank account with the same name you used to verify with Digital iD™.

How do I use POLi™?

  1. Select POLi™ to make a payment.
  2. Log in to your bank and select your preferred account.
  3. Confirm your payment.

How long will my order take to be processed?

Most POLi™ orders will be processed within 5 minutes of your order being paid. Some larger orders will require the funds to arrive in our bank account before the order is processed. This may take up to 1 business day.

Please note, your first order may require approval depending on the bank you have selected to make your payment. This approval will occur between 9am and 9pm.

What is verification?

All customers buying cryptocurrency in Australia will need to complete a once-off verification with their cryptocurrency provider following new regulations implemented from April 1, 2020. This regulation aims to stop terrorism financing and money laundering. The information that is shared with our verification provider (Australia Post’s Digital iD™) is only used for verification purposes.

Your information

The information that is shared with our verification provider (Australia Post’s Digital iD™) is only used for verification purposes.

To be verified you will need to provide up to 1—2 ID document numbers (Passport, drivers licence or medicare), and a residential address.

How to be verified

  1. After creating your order, you will be taken to the Digital ID landing page – Click Verify with Digital iD™.
  2. After clicking Verify with Digital iD™, you will be directed to a page with instructions on how to complete your ID verification.
  3. Provide an ID document number and review your personal details.
  4. After you have reviewed your details, you will see the screen below. Click Allow, and you will be redirected back to the bitcoin.com.au order confirmation page.

The personal details you share with our verification provider (Australia Post’s Digital iD™) is only used for verification purposes.

BPAY offers Australians fast, secure and trusted bill payments. You can now use BPAY to purchase Bitcoin & Ether.

How do I purchase with BPAY?

  1. Create an order and receive BPAY payment details
  2. Login to your bank and make a BPAY payment
  3. Upload your BPAY receipt
  4. Your order will be fulfilled once we receive successful payment notification from BPAY

How long will my order take to be processed?

BPAY orders will be processed as soon as we receive notification of successful payment of your order from BPAY. Notifications occur throughout the day Monday to Friday and are dependent on your sending bank notifying BPAY.

BPAY orders made after 5pm on Friday won’t be processed until Monday morning. In these cases, we recommend PayID for faster processing.

Be sure to upload your BPAY payment receipt on the order confirmation page to ensure faster processing.

Note: your order may be refunded if the receipt is not provided.

How do I purchase with PayID?

  1. Create an order to receive the PayID payment details
  2. Log into your online banking, and make a bank transfer (choosing PayID or “Osko” on the screen)
  3. Enter [email protected] into the PayID field and your PayID reference number shown on the order confirmation screen.

Detailed instructions for making a PayID transfer via the major banks can be found below:

How long will my order take to be processed?

PayID orders will be processed instantly after payment.

If this is your first order, our customer service team will need to approve your details. This approval will occur between 9am and 9pm.

Some banks may hold first time payments to us for up to 24 hours, however, all future purchases will go through instantly.

With Bitcoin Australia, you can conveniently purchase Bitcoin and Ethereum using your debit or credit card. We support Mastercard and Visa cards issued by all major banks.

What is 3D Secure?

Bitcoin Australia uses the latest card security features (Verified by Visa & Mastercard SecureCode) to ensure that your cryptocurrency purchase is safe and secure. When you place your order on Bitcoin Australia using your credit or debit card, you may be requested to authorise the transaction (for example through entering an SMS PIN sent to you by your bank). Once this is completed, your payment will be completed immediately and you will receive your Bitcoin or Ethereum within a few minutes.

What if my card is not enrolled for 3D Secure?

The majority of banks have 3D Secure enabled on their cards by default. However, there might be a possibility that your bank does not support 3D Secure. No need to worry – you can still purchase cryptocurrency with this card! We will just debit a random amount between $0.01 and $3.00 from your card. All you need to do is to log in to your banking and confirm the random amount that you see on your statement with us. Once this one-off step is completed, your order will be processed within minutes.

How long will it take for my order to get processed?

Once the payment is completed, your Bitcoin or Ethereum will be released to your wallet within minutes. Depending on your wallet and the load of the network, it may take some time to display for the cryptocurrency in your wallet. You will receive an email from us once the transfer has started, which includes a link where you can track the transaction on the blockchain.

Thanks to our partnership with Australia Post, you can now pay for your Bitcoin and Ethereum at one of 4,500 Australia Post offices across the country. Australia Post’s Post Billpay service lets you pay for Bitcoin orders between $50 and $50,000 with EFTPOS or cash. It’s a convenient and secure way to pay for your cryptocurrency offline, particularly if you live in a regional area or don’t have access to one of our newsagent locations.

How do I pay at a Post Office?

It’s easy to make your deposit at an Australia Post Office.

  1. Create an order and select Pay at Post Office as your payment option.
  2. Head to your nearest Australia Post Office and pay for your Bitcoin using EFTPOS or cash within 2 hours of making your order.
  3. Please bring any government-issued ID with you for a quick identity verification.
  4. You’ll receive your Bitcoin or Ethereum shortly after your payment, a receipt from Australia Post and a confirmation email with your Tax Invoice from Bitcoin Australia once your order has been processed.

How long will it take for my order to get processed?

Once the payment is completed, your Bitcoin or Ethereum will be released to your wallet within minutes. Depending on the load of the network, it may take a few minutes to display for the cryptocurrency in your wallet. You will receive an email from us once the transfer has started, which includes a link where you can track the transaction on the blockchain.

Buy Bitcoin in minutes with Australia’s
Fastest Exchange

Smart. Simple. Secure.

The local
Bitcoin partner
you can trust.

As one of Australia’s first Bitcoin exchanges, we’ve helped Australians buy Bitcoin since 2020.
Our Melbourne-based team are passionate about crypto, and we’ve expanded to bitcoin.co.uk, bitcoin.ca and more.

Support from real people

Need assistance? Get personalised help from our customer support team.

AUSTRAC regulated

We take compliance seriously. We’re AUSTRAC regulated, AML compliant and founding members of Blockchain Australia.

Flexible payments

We accept a variety of online and offline payment methods, including deposits at 1,200 newsagents.

Buy Bitcoin online

Click below to buy online instantly with one of our convenient payment options.

The simplest way for you to buy and sell Bitcoin in Australia.

Learn

Understanding Bitcoin can be a little intimidating at the start, so we’ve created guides to help you get started.

Invest

The Bitcoin Australia Investment Services offer a variety of products including an OTC Brokerage and Superannuation Products for investors looking to gain exposure to crypto assets.

Education

Bitcoin 101

Learn the basics of Bitcoin and the revolutionary technology behind it.

Buying your first Bitcoin

Learn how to safely buy your first Bitcoin.

Wallets

Learn the ins and outs of digital wallets and how to keep your Bitcoin safe.

Buy Bitcoin in Australia

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

You’ll need a Bitcoin wallet before you buy since some exchanges require one.

Don’t have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.

Independent Reserve

Established in 2020, Independent Reserve is one of the most trusted exchanges in Australia & New Zealand. It caters to retail users, traders, SMSFs and institutions. You can buy Bitcoin using EFT, Osko/PayID, POLi and SWIFT. They use encrypted, geo-dispersed data centres and top tier underground vaults to protect your data and crypto.

This is an ad. We may receive compensation when you use Independent Reserve. Please visit Independent Reserve for its exact pricing terms.

  • Supports automatic buying at set time interval
  • Wide range of payment methods
  • Support for AUD, NZD, and USD
  • Fees start at 0.5% but may fall as low as 0.05%, depending on trading volume
  • Premium account with insurance on crypto assets
  • User interface is confusing for first time buyers

Coinbase

Residents of Australia can use Coinbase to purchase bitcoins with a debit card. The fees are 3.99% per purchase, and your bitcoins are delivered instantly.

We may receive compensation when you use Coinbase. Please visit Coinbase for its exact pricing terms.

  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • “Instant Buy” option available with debit card
  • Purchases made with bank transfer can take up to 5 days to complete
  • Coinbase may track how and where you spend your bitcoins

Coinmama

Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.

  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
  • Some of the highest fees among credit/debit card bitcoin brokers

Coinbase Pro

Coinbase’s exchange, Coinbase Pro, is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Pro offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.

We may receive compensation when you use Coinbase Pro. Please visit Coinbase Pro for its exact pricing terms.

  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
  • User interface is confusing for first time buyers

Kraken

Founded mid-2020, Kraken is the one of the world’s largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.

  • Well-financed and trusted exchange
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Deep liquidity for large volume buyers in European markets ensures a price close to fair market rate
  • Highly-rated for security and data protection
  • Requires ID verification, so not private

LocalBitcoins

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.

  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy

CoinJar Buy Bitcoin

CoinJar is the most well-known Australian Bitcoin platform and broker. You can purchase bitcoin via BPAY for a 1% fee.

  • Low fees at just 1%
  • Clean interface makes it easy for first-time buyers
  • Instant bank transfer with NPP / PayID
  • Offers a Bitcoin wallet that should not be used to store bitcoins

BuyaBitcoin Buy Bitcoin

BuyaBitcoin is Australian Bitcoin broker. You can use the service to buy bitcoin via cash deposit for 4.9% fees. Your coins are usually delivered within an hour.

  • Fast delivery of bitcoins
  • Only verification required is a mobile phone number
  • High fees for buying bitcoins with cash

Coin Loft Buy Bitcoin

Coin Loft is an Australian Bitcoin broker. You can buy bitcoin with cash deposit, credit card, Flexepin, and POLi. If you purchase with cash, your coins are delivered within an hour.

  • Established and trusted broker
  • Wide range of payment methods
  • Only Australian service accepting Flexepin
  • 4% fee is rather steep for cash purchases
  • 9% cumulative fee for credit card purchases is very high
  • Identity verification is required, even for cash payments

CoinCorner Buy Bitcoin

CoinCorner is a Bitcoin exchange based on the Isle of Man. They cater to first-time buyers in the UK, Europe, Canada, Australia, and certain African, Asian, and South American countries. CoinCorner users may purchase bitcoins with SEPA, credit/debit card, GBP bank transfer, and now Neteller too. No verification required for purchases under £100.

We may receive compensation when you use CoinCorner. Please visit CoinCorner for its exact pricing terms.

  • Trusted and regulated company in the UK
  • Wide range of payment options
  • Good customer support
  • Instant credit card purchases
  • Supports a very wide range of countries
  • Video tutorials covering the basics of Bitcoin and buying and selling
  • Multi-sig security features
  • 1% trading fee slightly high by European standards
  • Offers a mobile wallet but this is not ideal for bitcoin storage
  • Requires ID verification, so not private
  • Does not provide exchange prices for comparison without sign-up

Bitcoin ATMs Buy Bitcoin

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they’re also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

  • Our map makes it super easy to find a Bitcoin ATM near you
  • Bitcoin ATMs often have 5-10% fees per purchase

Bitit Buy Bitcoin Read Review

Bitit lets you purchase bitcoin online with a 3DS-enabled credit/debit cards or with cash via Neosurf, Flexepin (coming soon) and Cashlib vouchers, available in over 150,000 local stores across Europe.

We may receive compensation when you use Bitit. Please visit Bitit for its exact pricing terms.

  • Unique way of purchasing offers extra privacy over other methods
  • 8% Neosurf fee is slightly better than Coinhouse’s 10%
  • Available in 50 countries
  • €10,000 initial weekly Neosurf cash payment limit
  • Bitcoin gift cards also available; more expensive than other options
  • In-person buying methods offer more privacy but can be confusing
  • Identity verification required for buying amounts over €25
  • €500 initial weekly credit/debit card limit

Mycelium Local Trader Buy Bitcoin

Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.

  • Easy and cheap way to buy bitcoins with cash
  • Private way to buy bitcoins, no personal information required beyond cellphone number
  • Users in sparsely populated areas will have trouble finding sellers

Changelly Buy Bitcoin

Changelly lets you buy bitcoin with Litecoin, Dogecoin, altcoins and many other digital tokens. Changelly works in nearly every country but you will need another cryptocurrency in order to purchase bitcoins. Exchanges happen almost instantly because Changelly never actually controls your tokens but just exchanges them.

We may receive compensation when you use Changelly. Please visit Changelly for its exact pricing terms.

  • Easiest and fastest way to buy bitcoins with altcoins
  • Fees are reasonable for larger traders
  • Need altcoins or other digital tokens to use

The State of Bitcoin in Australia

Bitcoin adoption in Australia has been on the rise of late thanks to the government’s change in approach toward cryptocurrencies. Australia’s Bitcoin regulations, such as double taxation, were hampering the adoption of the cryptocurrency but the government has brought about a change in regulations that is now proving to be a catalyst for Bitcoin adoption.

Sydney-based Bitcoin exchange Independent Reserve was getting around 100-200 new users on a daily basis back in 2020 when the favorable regulations came into force, handling as much as AUD$4 million in transactions every day. Bitcoin received another shot in the arm last year when the government of Queensland officially announced that it has invested in a local crypto start-up to boost tourism in the state.

Let’s take a closer look at Australia’s Bitcoin regulatory environment and why it is conducive to the growth of the cryptocurrency.

The Regulatory Environment

Bitcoin exchanges in Australia are under the purview of the Australian Transaction Reports and Analysis Centre (Austrac), the financial intelligence agency down under. Cryptocurrency exchanges in Australia need to register with Austrac and follow the required procedures in a bid to prevent financial terrorism and money laundering.

The exchanges are required to verify the identities of their customers and also maintain certain records for a period of seven years. The Australian Bitcoin community believes that this is a positive development that could bring more people into the cryptocurrency ecosystem, as Bitcoin exchanges in the country now operate under rules that should deliver protection to investors and users alike.

As it turns out, Austrac has officially registered 246 cryptocurrency exchanges across the country since the regulations came into effect in April 2020. At the same time, 11 cryptocurrency trading platforms have been investigated, while two have been declined registrations through January 2020. Austrac is reportedly strict when it comes to willful non-compliance of its regulations, a philosophy that should boost confidence in Bitcoin as buyers will know that the authority will weed out the illegitimate players.

Additionally, a few government agencies in the country have been taking steps that should increase Bitcoin adoption. We already saw that Queensland has made an investment in a crypto start-up, but that’s not an isolated case when it comes to government-sponsored adoption of Bitcoin in Australia.

The country’s post office, a 200-year-old organization, recently took a step that could bring Bitcoin to a massive customer base of more than 11 million Australians. Australia Post launched Digital iD in October last year to facilitate easier purchase of Bitcoin. This is a digital identity service that will allow customers to quickly and easily sign-up with Bitcoin exchanges in Australia, cutting out the verification period that could sometimes take up to days.

In all, Bitcoin faces a favorable environment in Australia and is reportedly one of the leaders in the adoption of this cryptocurrency.

Buying and Spending Bitcoin in Australia

We have already seen that there are hundreds of registered exchanges in Australia from where you can buy Bitcoin. However, one needs to zero in on a cryptocurrency exchange depending on several factors such as fees, convenience, withdrawal limits, verification requirements, anonymity, and payment modes.

You can use our guide that lists the pros and cons of various Bitcoin exchanges in Australia to choose an option that best suits your needs. However, it is advisable to get a wallet before purchasing Bitcoin from one of the exchanges, as that’s the place where you will store the digital currency in case the cryptocurrency exchange doesn’t provide one. You can refer to our guide on the best Bitcoin and cryptocurrency wallets if you don’t have one already.

Another way Australians can buy Bitcoin is through automated teller machines (ATMs). As it turns out, Australia’s Bitcoin ATM count is quite respectable at 54 with presence across major cities such as Sydney, Melbourne, Adelaide, and Brisbane. The advantage of using a Bitcoin ATM is that they provide a quick and easy way of buying the cryptocurrency through cash, and most of them don’t require the buyer to go through a verification process.

However, the downside is that they charge high fees that might range between 5% and 10%. You can easily locate a Bitcoin ATM using our map.

Once you have purchased Bitcoin in Australia, you can use the digital currency to make payments at several vendors that include cafes, bookstores, and fruit and grocery suppliers. Of course, one can use Bitcoin as an investment vehicle or as a means of peer-to-peer payment as well.

In the end, it can be easily said that the future of Bitcoin in Australia looks bright thanks to the government’s moves that are promoting adoption of the cryptocurrency.

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