The way cryptocurrencies work is they are not physical items that can be directly exchanged or converted into something else. The only way to obtain Bitcoin or other cryptocurrencies is through a digital wallet. This means you typically need some sort of currency exchange like Coinbase or Australian Digital Currency Exchange in order to buy it with fiat currency (Australian Dollars) and then convert it over to your digital wallet.
We have done all the work for you though and created a guide on how you can gain access to buying bitcoins in Australia with Aussie dollars. You don’t have to register on any cryptocurrency exchanges as they don’t take time off to do KYC verification, you can plug your payment information into the buy bitcoin guide and it will take over from there.
What Cryptocurrencies Are Available To Buy In Australia?
The digital wallets you can purchase will all have different cryptocurrencies available to purchase. For example, Coinbase only has 3 digital currencies that you can buy. Another cryptocurrency exchange is the Australian Digital Currency Exchange and it has a lot more than Coinbase, so if you want more cryptocurrency options then we recommend going there. Currently, digital currencies available at ADCE are Bitcoin, Ethereum, Litecoin, Ripple and Dash. For a full list of digital assets that you can purchase at ADCE click here.
Buy Bitcoin In Australia: How To Make Money Fast Online
The process to buy bitcoin in Australia is super easy and simple, it doesn’t matter if you are a newbie or an expert, there is no trick or technique that would make it more difficult for you to buy bitcoin. We have done all the hard work for you and listed a bunch of different ways that you can get money fast online. There are 17 different methods to make money online so we covered them all so you can know that there is a process available for everyone and every budget. We do all the hard work for you and click a total of 3.5 minutes so you don’t have to!
Historical Price Of Bitcoin In Australia
The best way to see the price of bitcoin in Australia is to view the historical price information. The below chart shows the percentage increase or decrease in bitcoin price in Australian dollars since it was first made available for purchase. This information is really useful if you are trying to budget your money and get a clear idea of how much bitcoin has increased or decreased in price versus Australian dollars over time.
The below chart will also show you when bitcoin was first available and what that date was as well, so you can compare the current market rate against then versus now. The first bitcoin transaction was made available on January 3rd, 2009 and the market price of bitcoin at that time was $0.0001/BTC.
Why Should I Buy Bitcoin In Australia?
There are many reasons why you should buy bitcoin in Australia or anywhere else for that matter. Firstly, it is a great way to store value for the future as it has risen in price enormously over the years (more than 2,000%) and will likely continue to do so. It also has very low transaction fees when compared with other foreign exchange markets and there is no third-party interference when you want to buy or sell your bitcoins, meaning it is solely between you and the seller.
How Long Does The Process Take To Buy Bitcoin In Australia?
The process to buy bitcoin in Australia takes about 3.5 minutes and involves only 1 step. You will be sent an email with a link to download the Coinbase bitcoin wallet and that is all you need to do. The process takes about 3 minutes, so it really is as easy as it sounds. No experts are required, and no technical knowledge is needed, just follow the instructions sent directly to your inbox through your bank account information (which you are logged into the entire time). Once you have the wallet downloaded to your computer all you need to do is find a seller and pay them!