Best Places to Buy Bitcoin in Australia

Buying Bitcoin Australia is easier than ever, and you can start investing right away. Listed below are the best sites to buy Bitcoin from in Australia. These include eToro, CoinSpot, Swyftx, and Binance. Each one of these exchanges has its own pros and cons. Make sure you check this crypto tax report of Australia and the guide to better understand the crypto taxes in Australia. If you haven’t tried these sites before, make sure to check them out before making a final decision. We’ll discuss the pros and cons of each of them, as well as why they are good for Australians.

Complete your transaction

eToro offers free insurance for its customers. The service is backed by Lloyd’s of London and covers losses up to $1 million. To sign up, first select Sign Up and then enter your email address and residential address. Next, submit images of your passport or government ID to complete the KYC process. If you do not have these documents, eToro will loan you the money to complete your transaction.

eToro supports over 70 different crypto assets. To invest in Buy bitcoin Australia use the search bar on the website. Click on Trade to proceed to the next step. The minimum amount of investment is $10 USD, but you can enter any amount above that. Once you have completed the registration process, click Open Trade to invest. Your newly purchased Bitcoin tokens will appear in your eToro portfolio. You can then cash them out when you reach the amount you want.

Customer support or email

If you’re in Australia and looking to buy bitcoins the best place to start is CoinSpot, the largest cryptocurrency exchange in the country. It boasts 2.5 million users and a user-friendly desktop platform. The app is highly functional, with 4.8-star ratings across 10,000 reviews. It’s registered with AUSTRAC and ASIC and fully complies with KYC regulations. If you have any questions, you can send a message to customer support or email them at [email protected].

CoinSpot is a secure platform where you can purchase cryptocurrency instantly. There are various methods to fund your account, including credit cards and debit cards. You can also deposit via POLi payments and PayID. This way, you won’t need to worry about exchange rates, and you can spend your crypto profits immediately instead of holding them on a virtual currency. Unlike other exchanges, CoinSpot doesn’t charge fees for withdrawing funds to Australian bank accounts. The only fees you’ll encounter will be for sending coins outside of the platform. These fees are based on the value of the coin and network activity.

Bitcoin upon registration

The main advantages of Swyftx include its low fees, which are less than 0.6%, low spreads, and top-notch security. In addition, you can receive $20 free Bitcoin upon registration. With the help of its live chat support, you can ask any questions you have about the site. Swyftx has been recommended by Australian podcast Equity Mates and has an impressive 4.5/5 rating on Google and Trustpilot.

In addition to being registered with AUSTRAC, Swyftx has a comprehensive set of KYC and AML policies. The platform protects customer funds through two-factor authentication (TWI) and integrates with Auth0 to add an extra layer of security. It also uses hot and cold wallets to store client funds. The service also provides full-screen charting, which makes it easy to see market trends and analyze trends.

Important to keep

If you’re thinking of buying bitcoin Australia, you’re probably wondering how to buy it from an exchange. Fortunately, Binance is a trustworthy exchange in Australia, licensed by AUSTRAC and registered to sell Bitcoin. Most of the cryptocurrency that is stored on Binance is kept offline in cold storage to protect it from cybersecurity threats. This is important to keep in mind since Binance was hacked earlier this year, but the company has recovered and remains the largest cryptocurrency exchange in the world.

Conclusion

The company has since implemented stronger measures to protect its users from scams. It partnered with Trust Wallet, a cryptocurrency wallet with five million users. Other features include address whitelisting, which means you can restrict access to specific addresses, while preventing access to others. Users are also required to set up two-factor authentication, which ensures that only they can withdraw money from their account. Buying bitcoin Australia on Binance is now safer than ever.

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