How to buy cryptocurrency in Australia
One of the many things I do apart from iOS Apps is invest in and trade crypto currency. Just in the last year alone on average across the board all cryptocurrency’s went up 11x. When I first got into it the first question I had ‘How do I buy bitcoin in Australia’. You will find out it’s not as straight forward as our overseas friends in the States.
Lucky for you it has become easier and easier to buy cryptocurrency such as Bitcoin, Etherum, Bitcoin Cash and so in in Australia, so lets take a look at the options we have.
Coinspot is the most beginner friendly and easiest place to buy cryptocurrency in Australia. It supports a wide range of coins from Bitcoins, Etherum and all the way to Ark. Once you sign up best to first go to your account to the verification section – for all exchanges you will need to verify your identity. This will typically take 1-3 days on any exchange to get done.
If you are new to buying cryptocurrency I would highly recommend coinspot.
Sign up to coinspot here.
BTC Markets is the next best option for buying cryptocurrency from Australia. It is a bit more advances to use then coinspot, however it still works well. You will also need to go through the verification process on BTC Markets in order to start buying, selling and trading crypto. It supports less alt coins then Coinspot, however it has the popular ones. You can also deposit money using BPAY or Poli.
Sign up to BTC Markets here.
And remember – don’t put in any more money then your willing to loose and start of small to get a feel for the markets, happy trading!