The original cryptocurrency, Bitcoin (BTC) is arguably the best-performing asset of all time.
Launched in 2009, Bitcoins could originally be obtained for effectively nothing and are now worth more than $100,000 each, having hit record prices in 2025.1
Thankfully, it's possible to buy a portion of a Bitcoin and you can even get started with as little as a few dollars.
Crypto exchange. Dedicated crypto exchanges like CoinSpot and Kraken are the most popular way for Australian investors to buy Bitcoin and other cryptocurrencies.
Stock trading platform. Some online trading platforms and brokers now also offer the ability to buy and sell Bitcoin but may lack the trading features and withdrawal options of crypto exchanges.
Crypto wallet. Popular software and hardware wallet providers like Ledger, Trezor and Trust Wallet now offer the ability to trade Bitcoin and other cryptos through their apps.
Bitcoin ETF. Spot Bitcoin ETFs are a way to get exposure to the price of Bitcoin without having to purchase or manage the Bitcoin yourself. When you buy an ETF, the company purchases and holds Bitcoin on your behalf.
Bitcoin ATM. Like the name suggests, Bitcoin ATMs are physical ATMs that let you purchase Bitcoin and other cryptocurrencies.
Peer-to-peer. There are a number of peer-to-peer platforms where you can buy and sell Bitcoin directly with other holders.
Where's the best Australian site to buy Bitcoin?
The easiest way for a beginner to buy Bitcoin is usually through a crypto exchange.
However, what's best for you will depend on your preferred payment method and investment goals.
To help you choose, we've analysed 16 cryptocurrency trading platforms in Australia on things like fees and payment methods.
Our goal is to help you find the platform that best suits your needs and budget. All of the platforms on this page are registered with AUSTRAC (Australian Transaction Reports and Analysis Centre), which regulates digital currency exchanges in Australia.
"Top picks" are those we've evaluated to be best for certain product features or categories – you can learn more in our full methodology. If we show a "Promoted Pick" it's been chosen from among our commercial partners based on factors that include special features or offers, and the commission we receive.
Keep in mind that these picks are suggestions and that the best crypto exchange for you will depend on your individual needs. There are other products on the market not included in our picks.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
How to buy Bitcoin in 5 steps
While there's a few ways to invest in Bitcoin, the easiest method for beginners is generally to buy Bitcoin through a crypto exchange or platform that lets you deposit funds and buy Bitcoin directly using Australian dollars (AUD).
This will save you having to convert your AUD into another currency and potentially help you save on fees. Thankfully, there are quite a few exchanges that let you buy Bitcoin with AUD, including Kraken, CoinSpot and Swyftx.
For beginners, fees, AUD support and ease-of-use might be your top priorities when choosing where to buy BTC. You can compare our picks for the best places to buy Bitcoin.
Create an account
Once you've chosen the platform you want to use you will need to create an account. You will need to provide some photo ID like a driver's licence or passport to complete the process. You may also be required to take a selfie to prove your identity in accordance with Australian law.
Choose a payment method
It's possible to deposit funds using bank transfer, debit or credit card, PayPal and more, but using bank deposit or PayID to a crypto exchange can mean you don't pay any fees. Alternatively, you may already have a specific payment method in mind, so you could instead start by choosing an exchange that supports it – such as finding a platform that accepts PayID or debit card.
Purchase your Bitcoin
Depending on which platform you choose, there may be a number of ways to buy BTC. The spot market is typically where fees are lowest but it may require some getting used to if you've never used an investment platform before. The easiest method is usually using the "instant purchase" option, but this is likely to come with higher fees.
Safely store your Bitcoin
Once you've bought Bitcoin, you have the choice of keeping it on the exchange or platform you bought it from, or transferring it to your own crypto wallet. While it can be more convenient to leave it on the exchange, it's generally recommended you move your Bitcoin to a private wallet for added security and safety.
Where to buy Bitcoin
You can compare crypto exchanges that let you trade Bitcoin below:
1 - 10 of 24
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How we picked these
Crypto exchanges: What to consider
Pro: Straightforward and affordable buying and selling of BTC accessible to all experience levels.
Cons: If you leave your BTC in the custody of a crypto exchange, your funds are potentially at risk if issues arise with the exchange.
What's the cheapest way to buy Bitcoin in Australia?
The cheapest method for buying Bitcoin would be using a crypto exchange that has no deposit fees and low trading fees.
If you're looking for a low-cost but convenient way to buy BTC, many exchanges let you buy Bitcoin using an "instant purchase" feature via bank deposit or card and will normally charge around a 1-2% fee, plus potentially a transaction fee if using card.
But if you're looking for the absolute cheapest way to buy Bitcoin in Australia, you'll probably want to buy it using what's known as the spot market.
The spot market is the part of the exchange where you trade with other users.
You'll need to deposit AUD or crypto into your account first to trade on the spot market, but this will let you buy as much Bitcoin as you like for the lowest price that someone is selling it for (a "market order").
According to our research, Coinjar, CoinSpot, Binance, Bitget, KuCoin and ByBit all offer 0.10% spot market trading fees, as of March 2025.
BTC Markets also offers -0.05% trading fees when buying Bitcoin using Etheruem, Litecoin or XRP, making it technically the cheapest place to buy Bitcoin in Australia.
If you like, you can also place a "limit order" where you set the price you want to pay. If the price moves low enough, your bid will automatically be accepted and your AUD swapped for BTC.
For example, say the price of 1 BTC is $100,000. You could set a limit order to buy a certain amount of Bitcoin if the price of 1 BTC hits $90,000. If it hits that price, your order is automatically processed, otherwise it stays in place until you either cancel it or it eventually reaches that price.
How to safely store your Bitcoin
Once you buy Bitcoin from a crypto exchange, the exchange normally holds the BTC in custody on your behalf until you choose to sell or withdraw it.
However, this isn't always the safest option. Cryptocurrency exchanges are at risk of hacks or financial mismanagement, which means leaving your BTC on the same platform you purchased it on could put it at risk.
It can be safer to move your Bitcoin to a self-custodial wallet, which gives you full possession and control over your tokens and protect you from the risks of keeping your crypto on an exchange.
Safe storage of cryptocurrency is important for everyone, even beginners.
Bitcoin market update: March 2025
Bitcoin tumbled as low as US$78,000 after markets dropped in the face of US president Donald Trump's ongoing trade war.
Finder survey: How many Australians own Bitcoin and how do they invest?
Response
Yes - For long-term growth
49.28%
No
32.97%
Yes - For short-term growth
17.03%
Yes - For day trading
5.43%
Yes - To hedge against central bank currencies
3.62%
Yes - Other
1.09%
Source: Finder survey by Pure Profile of 1009 Australians, December 2023
Is now a good time to buy Bitcoin?
How are investors feeling about Bitcoin right now? You can use the scale below to get a sense of whether the market is optimistic or pessimistic about the price of Bitcoin. This index is calculated using a number of data sources including trading volume, social media sentiment and Google Trends.
How to buy Bitcoin from an online trading platform
Online share trading platforms allow you to manage various investments, such as cryptocurrency, shares and ETFs in one location.
Platforms such as eToro, CMC Markets and SelfWealth are popular options, with eToro now having quite a strong focus on crypto alongside traditional assets.
Although trading platforms and apps will give you direct exposure to the price of Bitcoin, they may not give you the actual coins to withdraw.
This is one of the major differences between cryptocurrency exchanges and online share trading platforms.
This means you may not be able to move your BTC off the platform to your personal wallet or another platform. This simplifies the experience but may be an issue for anyone who wants the full experience and security of using crypto.
Platform
Supported cryptos
Trading fees
Regulator registration
Finder Score
eToro
113+
Fees vary between 1% (cash purchases) and 2.5% (debit, credit and PayPal purchases).
Pro: Can be a convenient way to buy if you already have an account.
Cons: Most platforms won't let you withdraw your Bitcoin to your own wallet.
How to buy Bitcoin from a decentralised exchange
Decentralised exchanges (DEX) have grown in popularity over the last few years and now process billions of dollars in crypto transactions every day. Uniswap and Sushiswap are 2 of the leading crypto DEXs.
Decentralised exchanges: What to consider
Pro: You have total control over your investment, secured by an encrypted wallet rather than a third party like an exchange.
Con: Learning to use a wallet requires time and effort. Transactions are irreversible and your funds are at risk of human error.
How to buy Bitcoin from a crypto wallet
Cryptocurrency wallets are specialised software applications or physical devices designed for managing cryptocurrencies and keeping them highly secure.
Many of these wallets, including Ledger, Trezor and Trust Wallet offer you the ability to purchase Bitcoin and other cryptocurrencies through a third party. These apps typically accept credit or debit card payments.
Hardware wallets provide a secure and private way to hold your Bitcoin personally, rather than being entrusted to a third-party exchange or platform.
Although the Bitcoin blockchain is more secure than exchanges and has never been hacked, your security depends on you. You are responsible for managing your private key or seed phrase, which, if lost, may result in lost funds.
Crypto wallets: What to consider
Pro: You have total control over your investment, secured by an encrypted wallet rather than a third party like an exchange.
Con: Learning to use a wallet requires time and effort. Transactions are irreversible and your funds are at risk of human error.
How to buy a Bitcoin ETF
You can now invest in Bitcoin via an ETF (exchange-traded fund). An ETF is a simplified way of investing in physical assets like gold, silver and oil without needing to deal with storing the actual product itself.
Similarly, Bitcoin ETFs eliminate the need for you to learn how to safely store and manage Bitcoin yourself – which can be a complicated process for some people.
They can also be managed as part of your traditional stock or ETF portfolio, which makes managing your investments much easier.
Bitcoin ETFs: What to consider
Pro: Buying a Bitcoin ETF takes out the complexity out of buying Bitcoin and storing it safely.
Con: Owning an ETF doesn't give you access to the actual Bitcoin, so you cannot withdraw off the platform into your own wallet.
Expert insight: Bitcoin as a serious investment
"Bitcoin's recent all-time high highlights the continued optimism surrounding Bitcoin and its potential for sustainable growth in both traditional and emerging markets.
Looking ahead, the crypto market remains optimistic, as Bitcoin's role in diversified portfolios continues to expand and gain further acceptance."
Buying Bitcoin using an ATM is a way to purchase the digital currency at a physical location. The process typically involves using cash or a debit card to purchase Bitcoin, which is then transferred to a digital wallet, which you must have set up before using the ATM.
It's worth noting that the fees associated are often much higher than purchasing via an online exchange and Bitcoin ATMs are only available in a limited range of locations throughout Australia. ATMs are also a clunky way to deal with inputting a Bitcoin address, which is a long string of letters and numbers.
Bitcoin ATM: What to consider
Pro: A way to purchase Bitcoin using physical cash or card.
Con: High fees mean less value for money than using an online exchange and the process may be more time-consuming.
How to buy Bitcoin from a P2P marketplace
A peer-to-peer (or P2P) crypto marketplace is a platform that allows individuals to buy and sell cryptocurrencies directly with one another through offers, a bit like eBay.
P2P marketplaces typically support a wide range of fiat currencies, including AUD.
Low or no fees are common for P2P trades. Since order prices are fixed, you can potentially find Bitcoin below market value.
Purchasing Bitcoin through P2P exchanges regularly can be challenging, as it may be hard to consistently find a seller willing to sell you the exact amount you want each time.
Here are some of our favourite P2P exchanges available in Australia
Pro: Interact directly with Bitcoin sellers and choose from hundreds of payment options.
Con: You have to buy the specific amount of Bitcoin the buyer is selling.
VIDEO: What is Bitcoin?
Frequently asked questions
Bitcoin is widely considered as a high-risk asset, so you should "only invest what you can afford to lose". To help cushion the highs and lows of market volatility, consider dollar-cost averaging (DCA). This involves buying small amounts of Bitcoin at regular intervals, such as every week or month. DCA removes some of the emotion from investing and can help support a long-term strategy.
The safest way to buy Bitcoin is through a reputable cryptocurrency exchange or broker that complies with Australian laws and regulations. Look for one that promotes stringent security measures such as registration with AUSTRAC, KYC for all users, 2-factor authentication and an insurance fund.
Once you've purchased some BTC, consider moving it into a self-custodial wallet for added security.
The best way to buy Bitcoin is to identify your investment goals first. Do you plan to trade frequently or make a few purchases and hold long term? For regular trading, fees are lowest on a spot market, while casual investors might feel the convenience of a higher-fee instant purchase is worthwhile.
Compare exchanges and trading platforms in our table to decide which is the best place to buy Bitcoin for you.
There are still a small number of ways to buy Bitcoin (BTC) without an ID. However, it tends to be safer to purchase BTC through a platform that's registered with AUSTRAC. You won't be able to create an account on a AUSTRAC-registered platform without providing identification as part of the KYC verification process.
Bitcoin is treated as an asset by the Australian Tax Office (ATO), which means that if you've bought, sold or earned BTC during the financial year, you will need to report it at tax time. Investors will need to declare any profits as capital gains, while losses can be used to reduce your tax bill or offset any future gains.
If you make frequent BTC trades in a professional capacity you may be classified as a trader, which is a bit more complex. Learn more in our guide to crypto tax in Australia or use our round-up of the best crypto tax software to make tax reporting easier.
Buying Bitcoin with a credit card might seem convenient at first glance, but once you add up the purchasing fees, any interest payments or charges from your card issuer, it may not end up being the most cost-effective option.
Of all the payment methods listed on this page, buying Bitcoin with a credit card is typically the most expensive. To help you, we've put together a list of some of the platforms with the lowest credit card fees in Australia, based on our research.
Platform
Supported cryptos
Trading fees
Regulator registration
Finder Score
CoinJar
70+
Average (2%): Approximately $20.00 of fees per $1,000 BTC purchased using a credit card.
PayPal is only accepted by a small number of cryptocurrency platforms in Australia. This is because PayPal allows for chargebacks, which causes problems when buying and selling crytocurrency.
You may have heard of people purchasing Bitcoin directly from the PayPal app, but this feature is not currently available to Australian users.
If you want to learn more about buying Bitcoin with PayPal in Australia, you can read our dedicated guide
Otherwise, check out the table below for a list of platforms that let you buy Bitcoin with PayPal in Australia.
Platform
Supported cryptos
Trading fees
Regulator registration
Finder Score
Independent Reserve
34+
Very low (0.5%): Approximately $5.00 of fees per $1,000 BTC purchased on the spot market using a PayPal deposit.
Many crypto platforms support free and instant bank transfers in Australia. This includes PayID and Osko.
Once you've passed a know your customer (KYC) check, you can deposit AUD from your bank account and will usually be able to swap it for Bitcoin within minutes.
Below is a list of reputable platforms that support deposits via bank transfer, Osko or PayID and offer some of the lowest fees in Australia, based on our research.
Platform
Supported cryptos
Trading fees
Regulator registration
Finder Score
CoinSpot
536+
Very low (0.1–1%): Approximately $1.00 of fees per $1,000 BTC purchased using a market order.
An increasing number of Australian cryptocurrency platforms now support buying Bitcoin with a debit card.
A benefit of buying Bitcoin with a debit card is that the process is often simplified and designed for beginners and or people that have never invested in cryptocurrency before.
The downside is that the fees are typically higher than when you pay using a bank transfer or PayID.
Below is a list of reputable platforms that support purchases of Bitcoin using debit card and offer some of the lowest fees in Australia, based on our research.
Platform
Supported cryptos
Trading fees
Regulator registration
Finder Score
CoinJar
70+
Average (2%): Approximately $20.00 of fees per $1,000 BTC purchased using a debit card.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
Tom Stelzer is a journalist with 6 years of experience covering personal finance, specialising in investment and cryptocurrency. With a Master of Media Arts and Production and a Bachelor of Communications in Journalism from the University of Technology Sydney, Tom provides expert analysis on digital assets and market trends, helping readers navigate the fast-evolving world of finance. See full bio
Hi Guys, I am interested in investing bitcoin (all types of bitcoin like 40x bitcoin) is there any legit sites out there, I mean real site.
Thanks for your help :)
regards,
Nelson
ArnoldOctober 15, 2017
Hi Nelson,
Thanks for your inquiry.
Our guide on how to buy Bitcoin in Australia has a table that outlines some sites and companies which facilitate the purchase, exchange, and sale of bitcoin. You can use our comparison table to find the right trading platform for you. Once you have chosen a particular bitcoin exchange, you may then click on the “Go to site” button and you will be redirected to their website where you sign up for an account or get in touch with their representatives for further assistance.
Please verify the nature of any product or service (including its legal status and relevant regulatory requirements and consult the relevant regulators’ websites) and consider your own circumstances before making any decision. Cryptocurrencies are speculative, complex, and involve significant risks:
They are highly volatile and sensitive to secondary activity.
Performance is unpredictable and past performance is no guarantee of future performance
This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service, or offering. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Hope this information helps
Cheers,
Arnold
cameronSeptember 19, 2017
is $1000 enough to invest in bitcoin and make a decent amount of money? if not how much money should i invest in bitcoin
JonathanSeptember 19, 2017
Hello Cameron,
Thank you for your inquiry.
There is really no straightforward answer to this question except that you should only “invest as much as you’re willing to lose”.
Bitcoin is a highly-volatile form of investment and fluctuations can be more rapid than trading stocks. Even with low buying capital, if trading goes robustly upward, you can have significant gains. There can also be instances when you had huge capital but dismal returns due to a flat movement.
If you need professional advice on how to proceed, you can speak to a bitcoin broker or a financial adviser.
Hope this helps.
Cheers,
Jonathan
sigaSeptember 15, 2017
I am inquiring about the cost of purchasing one 40 X bitcoin. , in Australia dollars.?
regards Siga
Finder
HaroldSeptember 15, 2017Finder
Hi Siga,
Thank you for your inquiry.
As per checking you are already in the correct page. You can click the go to site link available above for further details.
I hope this information has helped.
Cheers,
Harold
frederickSeptember 6, 2017
What is the min amount to open a wallet an how do i go about it
DanielleSeptember 7, 2017
Hi Frederick,
Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.
That would depend on where you will be setting up an account or a wallet. You may review and compare the options or websites available on the table above and see which one would suit your needs. You can proceed by contacting them directly for additional information.
I hope this helps.
Cheers,
Danielle
FrankSeptember 6, 2017
I wish to buy bitcoin but cannot find a way. Is there a market?
Finder
HaroldSeptember 6, 2017Finder
Hi Frank,
Thank you for your inquiry.
I understand you want to know how to buy bitcoin. If this is the case, I believe you’re on the right page. On this page, you will read our guide on how to buy Bitcoin in Australia. You should be able to check our step-by-step instructions for getting started with Bitcoin (BTC).
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Buying Bitcoin and other cryptos with a credit card can be done, but it's generally not a good idea.
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Buy & Sell Bitcoin in Finder App
Hi Guys, I am interested in investing bitcoin (all types of bitcoin like 40x bitcoin) is there any legit sites out there, I mean real site.
Thanks for your help :)
regards,
Nelson
Hi Nelson,
Thanks for your inquiry.
Our guide on how to buy Bitcoin in Australia has a table that outlines some sites and companies which facilitate the purchase, exchange, and sale of bitcoin. You can use our comparison table to find the right trading platform for you. Once you have chosen a particular bitcoin exchange, you may then click on the “Go to site” button and you will be redirected to their website where you sign up for an account or get in touch with their representatives for further assistance.
Please verify the nature of any product or service (including its legal status and relevant regulatory requirements and consult the relevant regulators’ websites) and consider your own circumstances before making any decision. Cryptocurrencies are speculative, complex, and involve significant risks:
They are highly volatile and sensitive to secondary activity.
Performance is unpredictable and past performance is no guarantee of future performance
This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service, or offering. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Hope this information helps
Cheers,
Arnold
is $1000 enough to invest in bitcoin and make a decent amount of money? if not how much money should i invest in bitcoin
Hello Cameron,
Thank you for your inquiry.
There is really no straightforward answer to this question except that you should only “invest as much as you’re willing to lose”.
Bitcoin is a highly-volatile form of investment and fluctuations can be more rapid than trading stocks. Even with low buying capital, if trading goes robustly upward, you can have significant gains. There can also be instances when you had huge capital but dismal returns due to a flat movement.
If you need professional advice on how to proceed, you can speak to a bitcoin broker or a financial adviser.
Hope this helps.
Cheers,
Jonathan
I am inquiring about the cost of purchasing one 40 X bitcoin. , in Australia dollars.?
regards Siga
Hi Siga,
Thank you for your inquiry.
As per checking you are already in the correct page. You can click the go to site link available above for further details.
I hope this information has helped.
Cheers,
Harold
What is the min amount to open a wallet an how do i go about it
Hi Frederick,
Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.
That would depend on where you will be setting up an account or a wallet. You may review and compare the options or websites available on the table above and see which one would suit your needs. You can proceed by contacting them directly for additional information.
I hope this helps.
Cheers,
Danielle
I wish to buy bitcoin but cannot find a way. Is there a market?
Hi Frank,
Thank you for your inquiry.
I understand you want to know how to buy bitcoin. If this is the case, I believe you’re on the right page. On this page, you will read our guide on how to buy Bitcoin in Australia. You should be able to check our step-by-step instructions for getting started with Bitcoin (BTC).
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Harold