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Where To Buy Bitcoin in Australia
The best way to buy Bitcoin (BTC) is through regulated Australian exchanges that support AUD deposits. Below is a curated list of top platforms:
| Exchange | Crypto Assets | Trading Fees | Rating | Promotion |
|----------|--------------|-------------|--------|-----------|
| Swyftx | 422 | 0.6% | ★★★★★ | $20 BTC for verified accounts |
| Binance | 385 | 0.1% (spot) | ★★★★☆ | Up to $100 bonus |
| CoinSpot | 380 | 1% (instant) | ★★★★☆ | $20 BTC on deposit |
Step-by-Step Guide to Buying Bitcoin
1. Compare and Select a Bitcoin Exchange
Choose an exchange that supports AUD deposits and aligns with your needs (low fees, fast transactions).
👉 Top-rated exchanges for Australians
2. Register an Account
Sign up using an email or mobile number. Complete the KYC verification (ID required).
3. Deposit Funds
Fund your account via:
- Bank transfer (1–3 business days)
- POLi/PayID (instant)
- Credit/debit card (higher fees)
4. Buy Bitcoin
Navigate to BTC, enter the AUD amount, and confirm the purchase.
Payment Methods for Bitcoin
| Method | Speed | Fees |
|--------|-------|------|
| Bank Transfer | 1–3 days | Low |
| Credit Card | Instant | 2–4% |
| PayPal | Instant | Moderate |
| Cash Deposit | Same day | 1.5–2.5% |
Pro Tip: Bank transfers are the cheapest, while cards offer speed at a cost.
Storing Bitcoin Securely
Never leave BTC on exchanges. Use:
- Hardware wallets (e.g., Ledger Nano X)
- Cold storage for long-term holdings
👉 Best crypto wallets for Australians
FAQs
1. What’s the cheapest exchange?
Swyftx (0.6% fees) and Binance (0.1% spot fees).
2. Can I buy Bitcoin via CommSec?
No. Use a dedicated crypto exchange.
3. Is Bitcoin taxed in Australia?
Yes, under Capital Gains Tax (CGT).
4. How do I sell Bitcoin for AUD?
Sell on the same exchange and withdraw to your bank.
Final Thoughts
Buying Bitcoin in Australia is straightforward with regulated exchanges like Swyftx or Binance. Prioritize security by transferring BTC to a private wallet post-purchase.
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