Are you planning to buy bitcoin in Australia? If yes, you have come to the right place. Before you start investing, you must sign up and upload your ID or a selfie. There are many exchanges offering digital tokens, including Coinbase. Here are a few of them:
eToro
To buy bitcoin Australia with eToro, you must register for an account. After creating an account, you need to input certain personal information. You must agree to the company’s terms and conditions. You can also opt for the inactivity fee of $10 per month. Nevertheless, it is worth checking your investment quarterly to avoid the inactivity fee. Another disadvantage of eToro is that it is not available in some jurisdictions, including U.S. territories, American Samoa, Guam, Hawaii, Nevada, Puerto Rico, and the U.S. Armed Forces – Americas. eToro reviews generally praise its customer service and its user-friendly mobile application.
Another advantage of eToro is that you can purchase fractional bitcoins. In this way, you can buy a certain amount of bitcoins without incurring additional fees. Additionally, eToro’s platform is easy to use and offers the best security and customer support in the industry. If you are new to cryptocurrency trading, you should know what to expect when choosing a platform. However, it’s important to consider your risk profile before deciding whether or not to invest in bitcoin.
Swyftx
For Australian investors, Swyftx is an excellent choice for purchasing cryptocurrency. The company allows users to buy cryptocurrency in Australian Dollar without exchanging their AUD for USD or Euro. One of the most appealing features of Swyftx is its live chat support. Many Australian Bitcoin users have been satisfied with the customer service provided by Swyftx. Its friendly support staff will happily help newcomers with any questions they may have.
Currently, Swyftx is the only bitcoin exchange in Australia that accepts deposits from Australian bank accounts. In addition, it has zero fees on withdrawals. This is a major plus, as it means that a user can withdraw their cryptocurrency without incurring any transaction fees. Swyftx’s fee structure is simple and straightforward. Users are allowed to deposit up to $100,000 a day without incurring any transaction fees.
CoinSpot
Before you can purchase bitcoin Australia on CoinSpot, you must first deposit funds. CoinSpot offers several deposit methods, including POLi, a fee-free option. Other methods include Direct Deposit or PayID, which may take a few days. Alternatively, you can also use BPAY. In either case, you can make your first deposit with AUD within two days. After that, you must choose which payment method you want to use to withdraw your Bitcoins.
CoinSpot is the most popular choice for beginners who are interested in buying and selling cryptocurrency. Its user-friendly interface makes it easy to navigate even for newbies. After completing ID verification, you can deposit funds and choose which asset to trade. Once you’ve selected your asset, CoinSpot will show you the top gainers and losers of the day. In addition, you can access your account via mobile with CoinSpot’s app.
Digital Surge
The Digital Surge Bitcoin exchange is a good place to buy cryptocurrency if you live in Australia. Unlike other cryptocurrency exchanges in Australia, it does not charge a fee to withdraw your AUD, tokens, or cash. However, you must note that the exchange has an exchange fee for network transactions. It will highlight this when you withdraw your funds. Digital Surge is also popular for offering high returns on staking options. Its APY can range from 4 percent to 23%, which is very high for a centralised cryptocurrency exchange.
Despite its price, the platform is easy to use, suited to newbies. The platform is secure, offering industry-standard security measures. Users can use 2-Step verification to login and withdraw their funds, and have a hot wallet stored offline. The platform runs on encrypted SSL servers, and password salting and hashing protect your sensitive information. Users can track their portfolio, watch-listed coins, and other details from the dashboard.
Paxful
Once you’ve decided to Buy Bitcoin Australia, you’ll need to sign up with Paxful, the leading platform for Bitcoin exchange. The platform has an extensive list of sellers, and it allows you to make purchases through various payment methods. You can then choose a seller from the list and proceed to the payment process, including selecting a payment method and currency. Once you’ve confirmed the purchase, you’ll be directed to an Escrow service, where your funds will be held until you’ve completed the transaction.
Conclusion
If you’d like to use an anonymous purchasing method, this isn’t the best option, but it is an option if you’re willing to accept payment in cash. While most sellers do not like to deal with anonymous buyers, there are ATMs in your area that accept Bitcoin and let you buy it anonymously. Coinflip ATMs are convenient for this purpose. You can use this method for a 10% discount on transaction fees if you use the “99BTC” promo code. Unfortunately, Coinflip ATMs are only available in the US and Canada, but they are convenient if you’re willing to make a trip to the US.
