Bitcoin is the first cryptocurrency, and it’s still going strong. Buying Bitcoin in Australia is as easy as buying traditional stock on the Australian stock market. There are a number of brokerages that sell Bitcoin in Australia, so make sure you check before you buy. Here’s how to buy Bitcoin in Australia:

How to Buy Bitcoin in Australia – Buying with a Credit Card

The easiest way to buy Bitcoin in Australia is through a credit card. You can buy most cards with either American or Australian dollars – so check which card is right for you. Make sure you get a card with a low percentage interest rate. If possible, try to get a cash-back card as these will typically have a lower interest rate. When you’ve got your card, you can use it to buy Bitcoin in Australia. If you’re not from Australia, you’re likely to encounter some problems when buying Bitcoin in Australia with a credit card. The card companies usually don’t use the same language as in the United States, so if you want to buy Bitcoin with a credit card in Australia, you’ll need to use a specialized language-uitous website to buy Bitcoin. If you get this right, you’ll need to put down a deposit equivalent to the value of the Bitcoin you want to buy. Once you have this, you can just walk away from the site and get your money back. That’s not good customer service.

How to Buy Bitcoin in Australia – Using an Exchange

If you’d like to use an exchange to buy Bitcoin in Australia, you’re in luck. There are a number of online exchanges that buy and sell Bitcoin, so you can just find one that’s right for you and buy. Make sure you find one that’s secure – many exchanges will give you your money directly into the wallet of your choice, but some will give you access to a wallet but not buy or sell directly. Once you have your money, just sell your Bitcoin and you’re done.

How to Buy Bitcoin in Australia – Other Options

If you’d like to buy Bitcoin in Australia but aren’t comfortable with online exchanges, there are a few other options you can check out. You can go to a bank and buy Bitcoin with a debit or credit card. This is usually the easiest way to go, but keep in mind that this type of transaction is not insured by the FDIC. These types of bank accounts often charge a monthly fee for the privilege of holding your money. If you’re willing to take this risk, you can also go to a cash-only shop and simply give them cash for your Bitcoin. This is another option that’s often safer because there’s no way to counterfeit money.

Buying Bitcoin in Australia is very easy, and there are a number of options for doing so. Before buying Bitcoin in Australia, check if you have any problems with any of the things mentioned above. If you do, you should definitely check out other ways to buy cryptocurrency such as our list of the best brokers for buying Bitcoin in the U.S. or our list of the best brokers for buying Ethereum in Australia.

 

Ruby Rich
admin@nmdc.com.au