Australia
A list of ways to purchase bitcoin in Australia.
CoinJar
CoinJar has been operating since 2013, as it's one of the first Bitcoin exchanges in Australia.
Independent Reserve
Established in 2013, Independent Reserve is one of the most trusted exchanges in Australia & New Zealand. You can buy Bitcoin using EFT, Osko/PayID, POLi and SWIFT. They use encrypted, geo-dispersed data centres and top tier underground vaults to protect your data & crypto.
Bitcoin.com.au
Trusted by over 300,000 Australians, bitcoin.com.au is one of the easiest way to buy Bitcoin and popular cryptocurrencies using your browser, Android or iOS app.
ATM Radar
Coin ATM Radar helps you locate Bitcoin ATMs across Australia. The map shows ATM locations, operators, fees, and supported cryptocurrencies. Locations in cities like Sydney, Melbourne, Brisbane, Perth, and many other towns.
Frequently Asked Questions
If I Bought Bitcoin
See how much you would have made if you bought Bitcoin in the past.
Transaction Fees
A look at the transaction fees for each exchange, both spread and commission.
- Spread fee: Exchanges may charge a higher price than the actual price of Bitcoin.
- Fee: Exchange fee for the transaction.
- Total fees: The sum of the spread fee and the fee.
| Exchange | Spread Fee | Fee | Total Fees |
|---|
Actual fees may vary. Fees are subject to change. Fee estimates based on our research and testing. Some exchanges may charge less depending on volume.
Estimated Fees on $100
An estimate of the fees for buying $100 worth of Bitcoin using a bank account.
| Exchange | Total Cost on $100 |
|---|
History of Bitcoin in Australia
Australia has taken a proactive approach to cryptocurrency regulation. In 2017, the Australian government officially recognized Bitcoin and other cryptocurrencies as legal property. The Australian Transaction Reports and Analysis Centre (AUSTRAC) began requiring cryptocurrency exchanges to register and comply with AML/CTF obligations in 2018.
In 2019, the Australian Tax Office (ATO) released comprehensive guidelines on cryptocurrency taxation, clarifying that cryptocurrencies are considered assets for capital gains tax purposes. Australia has also seen significant crypto adoption, with a 2021 Independent Reserve Cryptocurrency Index survey showing that 28.8% of Australians own or have owned cryptocurrency.
Financial & Regulatory Licenses
| Exchange | Licenses & Regulation |
|---|---|
| CoinJar |
Registered Digital Currency Exchange (DCE) in Australia with AUSTRAC. |
| Independent Reserve |
Registered Digital Currency Exchange (DCE) in Australia with AUSTRAC. |
| Bitcoin.com.au |
Registered Digital Currency Exchange (DCE) in Australia with AUSTRAC. |
| ATM Radar |
This is a map only. Please check with individual ATM operators for their regulatory status and licenses. |
Bitcoin Scams in Australia
According to the ACCC's Scamwatch, Australians lost a record $221 million to investment scams in 2022, with cryptocurrency scams accounting for $148.3 million of those losses. This represented an 162.5% increase from 2021.
Notable scams included the 2021 'pig butchering' crypto romance scams, where victims lost millions after being convinced to invest in fake crypto trading platforms. The ACCC and ASIC have responded by implementing stricter regulations for crypto service providers and launching public awareness campaigns about crypto investment risks.
Mobile App Support
| Exchange | iOS App | Android App |
|---|---|---|
| CoinJar |
||
| Independent Reserve |
||
| Bitcoin.com.au |
Exchange snapshots
CoinJar
| CoinJar snapshot | |
| Minimum Deposit | $1 |
| iOS app score |
4.7
Official rating from the iOS App Store as of November 18, 2024.
|
| Android app score |
3.5
Official rating from the Android Play Store as of November 18, 2024.
|
| Deposit Methods | Bank Account, Debit Card, Credit Card, NPP, Osko, PayID |
Independent Reserve
| Independent Reserve snapshot | |
| Minimum Deposit | $1 |
| iOS app score |
4.7
Official rating from the iOS App Store as of November 18, 2024.
|
| Android app score |
4.7
Official rating from the Android Play Store as of November 18, 2024.
|
| Deposit Methods | Debit Card, Bank Account, Credit Card, EFT, Osko, PayID, POLi, SWIFT |
Bitcoin.com.au
| Bitcoin.com.au snapshot | |
| Minimum Deposit | $1 |
| iOS app score |
4.6
Official rating from the iOS App Store as of November 18, 2024.
|
| Android app score |
4.6
Official rating from the Android Play Store as of November 18, 2024.
|
| Deposit Methods | Debit Card, Bank Account, Wire Transfer, Credit Card, PayID, EFT |
ATM Radar
| ATM Radar snapshot | |
| Minimum Deposit | Each ATM will have a different minimum deposit amount. |
| iOS app score |
4.5
Official rating from the iOS App Store as of November 18, 2024.
|
| Android app score |
4.5
Official rating from the Android Play Store as of November 18, 2024.
|
| Deposit Methods | Cash |