Buy Bitcoin in Australia

All links are external & open in a new tab, except for "Read Review" buttons. Before jumping into this page, an important disclosure.

You'll need a Bitcoin wallet before you buy since some exchanges require one.

Don't have a wallet? Read our guide on the best Bitcoin wallets.

CoinbaseCoinbase Buy Bitcoin Read Review

Residents of Australia can use Coinbase to purchase bitcoins with a credit card or debit card. The fees are 3.99% per purchase, and your bitcoins are delivered instantly.

If you purchase more than $100 USD (~130 AUD) worth of bitcoins through this link then you get $10 USD (~13 AUD) worth of bitcoins for free!

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with credit card or debit card
Cons
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Average
Reputation
Trusted
Limits
High
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CoinMamaCoinMama Buy Bitcoin Read Review

CoinMama allows customers in almost every country to buy bitcoin with a credit or debit card. They charge an ~6% fee on each purchase.

If buying less than $150 worth of bitcoins, you won't need to verify your identity. This convenience makes small purchases quick and easy.

Want to buy using CoinMama? This step-by-step guide will show you how to use CoinMama.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
Ease of Use
Easy
Privacy
Low
Speed
Fast
Fees
High
Reputation
Average
Limits
High
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GDAXGDAX Buy Bitcoin Read Review

Coinbase's exchange, GDAX, is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. GDAX offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.

Pros
  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
Cons
  • User interface is confusing for first time buyers
  • Sending bitcoins directly from GDAX to any legally-questionable site may result in closure of your account
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
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LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Ease of Use
Hard
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Average
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BTCCBTCC Buy Bitcoin

BTCC Exchange is a Bitcoin exchange based in Hong Kong and traded in USD.

Pros
  • Trusted Bitcoin exchange with high liquidity
Cons
  • Not available in the USA, Russia, China, and some other large markets
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
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CoinJarCoinJar Buy Bitcoin

CoinJar is the most well-known Australian Bitcoin platform and broker. You can purchase bitcoin via BPAY for a 1% fee.

Pros
  • Low fees at just 1%
  • Clean interface makes it easy for first-time buyers
  • Supports several fiat currencies
Cons
  • Offers a Bitcoin wallet that should not be used to store bitcoins
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Low
Reputation
Average
Limits
High
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BuyaBitcoinBuyaBitcoin Buy Bitcoin

BuyaBitcoin is Australian Bitcoin broker. You can use the service to buy bitcoin via cash deposit for 4.9% fees. Your coins are usually delivered within an hour.

Pros
  • Fast delivery of bitcoins
  • Only verification required is a mobile phone number
Cons
  • High fees for buying bitcoins with cash
Ease of Use
Easy
Privacy
Average
Speed
Fast
Fees
High
Reputation
Limits
Average
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Independent ReserveIndependent Reserve Buy Bitcoin

Independent Reserve is an Australian Bitcoin exchange, geared towards traders and corporations. You can fund your account with EFT, SWIFT, POLi, or Crypto Captial. All these methods are free above certain minimums.

Pros
  • Great liquidity means good prices close to market rate
  • Fair range of payment methods
  • Support for AUD, NZD, and USD
  • Fees start at 0.5% but may fall as low as 0.1%, depending on trading volume
Cons
  • User interface is confusing for first time buyers
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Average
Limits
High
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Coin LoftCoin Loft Buy Bitcoin

Coin Loft is an Australian Bitcoin broker. You can buy bitcoin with cash deposit, credit card, Flexepin, and POLi. If you purchase with cash, your coins are delivered within an hour.

Pros
  • Established and trusted broker
  • Wide range of payment methods
  • Only Australian service accepting Flexepin
Cons
  • 4% fee is rather steep for cash purchases
  • 9% cumulative fee for credit card purchases is very high
  • Identity verification is required, even for cash payments
Ease of Use
Average
Privacy
Average
Speed
Fast
Fees
High
Reputation
Average
Limits
Average
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CoinCornerCoinCorner Buy Bitcoin

CoinCorner is a Bitcoin exchange based on the Isle of Man. They cater to users in the UK, Europe, Canada, Australia, and certain African, Asian, and South American countries. CoinCorner users may purchase bitcoins with SEPA, credit/debit card, GBP bank transfer, and now Netellertoo.

Pros
  • Trusted and regulated company in the UK
  • Wide range of payment options
  • Good customer support
  • Instant credit card purchases
  • Supports a very wide range of countries
  • Video tutorials covering the basics of Bitcoin and buying and sellingMulti-sig security features
Cons
  • Slightly high 5% fee for buying with a credit card
  • 1% trading fee slightly high by European standards
  • Offers a mobile wallet but this is not ideal for bitcoin storage
  • Requires ID verification, so not private
  • Geared towards traders; slightly confusing for first time buyers
  • Does not provide exchange prices for comparison without sign-up
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Average
Reputation
Trusted
Limits
Average
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Bitcoin ATMsBitcoin ATMs Buy Bitcoin

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
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VirWoXVirWoX Buy Bitcoin Read Review

Technically, VirWoX isn't even a Bitcoin exchange. It mainly serves as a way for people to buy Second Life Lindens, a currency used in the virtual world Second Life. You can't buy Bitcoin with PayPal directly at VirWoX, but it's possible to first buy Second Life Lindens (SLL) and then trade your SLL for Bitcoin. This process works perfectly, but in the end will cost you about 10% in fees.

This workaround/hack has made VirWoX the easiest and most popular way to buy bitcoins with PayPal.

Pros
  • The easiest and basically only way to purchase bitcoins with PayPal or Skrill
Cons
  • Comes with a price: it will cost around 10% in fees to buy with PayPal
Ease of Use
Hard
Privacy
Low
Speed
Fast
Fees
High
Reputation
Trusted
Limits
Average
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BititBitit Buy Bitcoin Read Review

Bitit lets you purchase bitcoin online with a 3DS-enabled credit/debit cards or with cash via Neosurf, Flexepin (coming soon) and Cashlib vouchers, available in over 150,000 local stores across Europe.

Pros
  • Unique way of purchasing offers extra privacy over other methods
  • 8% Neosurf fee is slightly better than Coinhouse's 10%
  • Available in 50 countries
  • €10,000 initial weekly Neosurf cash payment limit
  • Bitcoin gift cards also available; more expensive than other options
Cons
  • In-person buying methods offer more privacy but can be confusing
  • Identity verification required for buying amounts over €25
  • €500 initial weekly credit/debit card limit
Ease of Use
Average
Privacy
Average
Speed
Fast
Fees
Average
Reputation
Trusted
Limits
Low
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XapoXapo Buy Bitcoin

Xapo is a global Bitcoin platform, based in Switzerland. It allows users in almost any country to purchase bitcoins via SWIFT transfer. While Xapo itself has low fees, you may incur significant charges when you send the SWIFT transfer to Xapo. Xapo also offers a bitcoin-funded debit card which works just like any other.

Pros
  • Started as a vaulting service, with claimed security investment above $20 million
  • Easy to use for first-time buyers
  • Deep liquidity promotes a price close to fair market rate
Cons
  • Offers a wallet service that should not be used to store bitcoins
  • Requires ID verification, so not private
  • Trading fees not publically stated on website
Ease of Use
Easy
Privacy
Low
Speed
Varies
Fees
Average
Reputation
Trusted
Limits
High
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Mycelium Local TraderMycelium Local Trader Buy Bitcoin

Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.

Pros
  • Easy and cheap way to buy bitcoins with cash
  • Private way to buy bitcoins, no personal information required beyond cellphone number
Cons
  • Users in sparsely populated areas will have trouble finding sellers
Ease of Use
Average
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
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ShapeShiftShapeShift Buy Bitcoin

ShapeShift lets you buy bitcoin with Litecoin, Dogecoin, altcoins and many other digital tokens. ShapeShift works in nearly every country but you will need another cryptocurrency in order to purchase bitcoins. Exchanges happen almost instantly because ShapeShift never actually controls your tokens but just exchanges them.

Pros
  • Easiest and fastest way to buy bitcoins with altcoins
  • Fees are reasonable for larger traders
Cons
  • Need altcoins or other digital tokens to use
Ease of Use
Easy
Privacy
High
Speed
Fast
Fees
Average
Reputation
Trusted
Limits
High
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bitcoin-otcbitcoin-otc Buy Bitcoin

Bitcoin-OTC is an over-the-counter marketplace for the peer to peer exchanging of bitcoin. It is almost like a Craigslist for Bitcoin. Users must create ads or locate other ads to find sellers of bitcoin. Bitcoin-OTC is somewhat complicated and hard to use, but may be the only option for users in some countries without an exchange.

Pros
  • Can be a good way to find Bitcoin sellers if no other options exist
Cons
  • Need to keep eye out for scams
  • Need to build trust and feedback for your account before trading larger amounts
Ease of Use
Hard
Privacy
High
Speed
Varies
Fees
Varies
Reputation
Trusted
Limits
High
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