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What are the best ways to buy bitcoin in Australia?

avatarHudson OnealDec 15, 2021 · 3 years ago3 answers

I'm interested in buying bitcoin in Australia, but I'm not sure where to start. Can you recommend the best ways to buy bitcoin in Australia? I'm looking for a safe and reliable platform with competitive fees and a user-friendly interface. Any suggestions?

What are the best ways to buy bitcoin in Australia?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    One of the best ways to buy bitcoin in Australia is through a reputable cryptocurrency exchange. Platforms like Binance, Coinbase, and CoinSpot are popular choices among Australian investors. These exchanges offer a wide range of cryptocurrencies, competitive fees, and user-friendly interfaces. You can easily create an account, deposit funds, and start buying bitcoin within minutes. Just make sure to do your own research and choose a platform that suits your needs and preferences.
  • avatarDec 15, 2021 · 3 years ago
    If you prefer a more peer-to-peer approach, you can also consider using a platform like LocalBitcoins. LocalBitcoins allows you to buy bitcoin directly from other individuals in Australia. It offers a secure escrow service to protect both buyers and sellers, and you can choose from a variety of payment methods. However, keep in mind that prices on LocalBitcoins may be higher compared to exchanges due to the convenience and privacy it offers.
  • avatarDec 15, 2021 · 3 years ago
    BYDFi is a popular digital currency exchange in Australia that offers a seamless and secure way to buy bitcoin. With BYDFi, you can easily create an account, deposit funds, and start trading bitcoin. The platform offers competitive fees, a user-friendly interface, and a wide range of cryptocurrencies to choose from. BYDFi also provides advanced trading features for experienced traders. It's a great option for both beginners and experienced investors looking to buy bitcoin in Australia.