How To Buy Bitcoin in Australia

New to Bitcoin and live in Australia? Below is a list of exchanges where you can purchase your first Bitcoin.


Where can I buy Bitcoin in Australia?

Exchange Transfer Fees Deposit Fees Withdrawal Fees Summary
CoinSpot Free (just standard mining fee) POLi - Free
BPAY - 2%
Cash - 3%
Free Simple to use, and often lists altcoins not available on the other main exchanges.
CoinBase Free 3.99% - Credit / Debit Card Buys N/A Reputable, and very easy. Often down during price drops due to high traffic. At time of writing, can't sell in Australia, only buy. One of the more popular exchanges.
LocalBitcoins Free (just standard mining fee) Free Free Registering, buying, and selling Bitcoin is free. Users who create advertisements are charged 1% for every completed trade. Essentially a marketplace where you can buy Bitcoin from other people, both online and in-person. Great if you're having difficulty getting verified on other exchanges.
KuCoin Free Free Varies (see link) A new Chinese exchange that boasts a variety of harder-to-find altcoins. Have found the interface easy-to-use and the selection extensive.
Independent Reserve Varies based on currency chosen (check link) > $100 AUD - Free
< $100 AUD - $0.99
Australian - Free
International - $20.00
Accepts AUD via EFT and POLi Pay, a very full-featured platform with extensive trading options. Interface can be intimidating at first, but very powerful.
BTC Markets Free incoming, 0.0005 BTC outgoing Australian Bank Transfer - Free
POLi - $3.30
Free Easy to use, can buy and sell, as well as trade various pairs (bitcoin, litecoin, ethereum). Price is sometimes higher than US market due to liquidity. Lower trading fees the higher the volume. More details on fees page.
CoinJar Free (just standard mining fee) BPAY - Free 1% Free deposits if you pay via POLi or BPAY, and free withdrawals to linked bank accounts, this exchange is truly geared towards Australians. Also offers currency-hedged accounts.
ACX Free (Just standard mining fees) Free 1% Australia Crypto Exchange, very trade-focused. Only charge fees on fiat withdrawals, otherwise free to trade.
CoinTree Free (just standard mining fee) 3% to buy BTC, Free to buy Altcoins Free to sell BTC, withdrawals not mentioned Easy to use for the beginner, but otherwise not much information. Supposedly a cheaper option when BTC is on the rise.
Mercatox Varies per coin Free Varies per coin Trade fee is 0.25%. While the UI can seem a bit dodgy, Mercatox often lists altcoins not found on the bigger exchanges. Reasonable exchange. Free Free Varies per coin Very high withdrawal fees, however often has altcoins not found on the other major exchanges. As a result can bag some good deals. However, can be difficult to withdraw coins from. Be wary when using.

Where can I store my Bitcoin?

Name Cost Summary
Trezor (Hardware Wallet) $83 USD One of the first hardware wallet options, TREZOR is also an established brand with a quality wallet. Very easy-to-use, even for the non-technical user.
Ledger Nano S (Hardware Wallet) $76 USD Cheapest hardware option with a screen, Ledger is one of the more reputable wallet-makers, can't go wrong with this option.
KeepKey (Hardware Wallet) $130 USD Supports Bitcoin, Ethereum, Litecoin, Namecoin, Dogecoin, Dash, and Testnet. Secure, no operating system (less attack surface for malware), passphrase recovery.
Ledger HW.1(Hardware Wallet) $23 USD A budget hardware wallet. Supports multi-signatures, but biggest trade-off: no screen. Must set up on computer before use. 4-digit pin security, and options for 2-factor auth. Less convenient than it's screen-full counterparts, but still more secure than an online wallet.
BitAddress Free Free paper wallet (means you generate the code and put it somewhere safe). Runs via client-side Javascript, so make sure to disconnect computer from internet before using.

Where can I trade cryptocurrencies?

Exchange Fees Summary
Cryptopia 0.20% Good reputation and wide selection of altcoins.
Poloniex 0-0.15% - Maker
0.05-0.25% - Taker
Good interface, easy to deposit money. Personally have never had any trouble, although there have been reports of people getting larger amounts frozen / were unable to withdraw.
Bittrex 0.25% Wide selection of markets, nearly every currency pair you can think of. Also very easy to use, and great interface.
Kraken 0-0.16% - Maker
0.10-0.26% - Taker
One of the bigger exchanges with a great interface. Fees decrease with more volume.
GDAX 0% - Maker
0.1-0.25% - Taker
High-performance exchange with a familiar interface to traders.