Best Places To Buy Bitcoin In Australia
Bitcoin is booming in Australia. Many traders are looking for ways to get started with bitcoin trading. To get started, you need to make your first bitcoin purchase from a reliable cryptocurrency broker or exchange. They are many options available, but choosing the best for you isn’t easy. Here is a list of some of the best places where you can buy bitcoin in Australia.
1. LocalBitcoins (BTC)
It is a Finland based P2P escrow service facilitating buying and selling of bitcoin in more than 200 countries, including Australia. It accepts several payment options, including Paypal, Payoneer, Cash, Western Union, SEPA, and many more. Registration is easy, and it provides the easiest way to buy bitcoin in cash.
It is an Singaporean based cryptocurrency exchange that has been in the crypto sphere since 2018. It is almost in every country including Australia. It only offers buy-only services meaning you can’t be able to sell bitcoin using this platform. To increase your buying limit, provide more documents to prove your identity during the registration.
3. CoinSpot Exchange
Its headquarter is at Melbourne and has been operational since 2013. It supports all Australian bank accounts and various deposit methods such as BPAY, PayID, and POLi. It has instant account verification and options to buy bitcoin in cash.
4. Bitcoin ATMs In Australia
There are several bitcoin ATMs in Australia. Some require ID verification, while others don’t. Use Bitcoin ATM Radar to locate the Bitcoin ATMs near you. To use the Bitcoin ATM services, you will need a wallet to receive the bitcoins. If you still don’t have a bitcoin wallet to hold your bitcoins, here are the best seven bitcoin wallets:
- Ledger Nano S
- Ledger Nano X
- Atomic Wallet
- Trust Wallet