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Learn all about cryptocurrency and how to buy it in Australia, in this guide you will learn everything you need to know to get started purchasing cryptocurrency in Australia.nnWith this guide find out the best and highly recommended Australian cryptocurrency exchange for purchasing Bitcoin, ethereum, litecoin, ripple, and many many more.

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How to Buy Bitcoin in Australia - A Cryptocurrency Guide for Australia

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How to buy Bitcoin in 


Cryptocurrency guide for Australia 

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized 

digital currency, as the system works without a central bank or single administrator. The 

network is peer-to-peer and transactions take place between users directly, without an 

intermediary. - Wikipedia 

At the core Bitcoin and many other cryptocurrencies are powered by a new technology 

called blockchain, which is a new revolution in the technology industry and will change 

the way we do everything in the future. 

Bitcoin was the first Cryptocurrency to be created and the media has made it hugely 

popular, often being referred to as digital gold. 




What can I do with cryptocurrency? 

Ok so now we know what cryptocurrency is what can we do with this technology? Well 

people have some really great ideas for fantastic uses of this technology and there are 

many startups utilising this technology to revolutionize many different Industries. 

Currently you can use cryptocurrency to buy products or services online, sign 

documents into the blockchain, store files online, create smart contracts and much 

much more. 

What are the benefits to holding Bitcoin? 

Here are some of the benefits to using and holding Bitcoin and other cryptocurrencies. 

● Irreversible transactions - crypto currency transactions are not reversible for any 

reason, unlike credit card charge backs. 

● No paperwork 

● Appreciating value - the value of cryptocurrency is volatile but as there is a 

limited supply, the value will continue to appreciate as there will only ever be 

21000000 bitcoins ever created. 

● Quick and cheap transactions - where bank transfers typically take a couple days, 

cryptocurrency can take as little as 5 seconds to have your money transferred 

between accounts. 

● No need for a middleman 

● No corporate or government interruptions - cryptocurrency is peer to peer and 

distributed with no way for governments to control it. 

● Purchases are not taxed 




● User anonymity - no need to register to get started, cryptocurrencies don't store 

any of your personal information. 

● Mobile payments - pay with your phone super quick and super easy. 

● Universal value - no need to check the exchange rate of a different currency, 

crypto currencies are universal and 1 BTC in China is the same as 1 BTC in the 


● No Central authority - as cryptocurrency is peer to peer and runs on hundreds of 

thousands of computers around the world, if one computer or even one whole 

country goes offline you will still be able to access your money. 

● Cannot be manipulated - bitcoins are digital and have fraud protections in place, 

you cannot duplicate a Bitcoin, you cannot reverse a transaction, the blockchain 

is cryptographically secure. 

● Use it anywhere anytime - spend your cryptocurrency from anywhere in the world 

at anytime you like, and send money in seconds. 

● Control over your money - with a conventional Bank, your bank has control over 

your money, but when you use cryptocurrency you have control over your money, 

you also have the responsibility of securing your own wallet. 

Buying Bitcoin and cryptocurrency in Australia 


Buying cryptocurrencies is a very similar process compared to if you were buying 

foreign money for an overseas trip, the key component is the exchange, and exchange 

allows you to transfer between different types of money. 


A cryptocurrency exchange allows you to purchase various types of cryptocurrency with 

Australian dollars (AUD), the main way a crypto currency exchange differs from a 

foreign exchange is that the exchange between Australian dollars and cryptocurrency is 

all done online, you don't need to go to a physical place like a bank, it's all processed 

over the Internet which means you can do it from anywhere in the world. 





Which Australian cryptocurrency exchange should I 



There are a range of Australian cryptocurrency exchanges available online, but it's 

important to choose one that is right for you, one that has the features that you need 

whether you want to buy and hold, or whether you want to trade. 


CoinSpot​ is one of the easiest Australian cryptocurrency exchanges available at the 

moment, you don't have to worry about all the terminology used on typical exchanges, 

don't worry about buy and sell orders, just say how much you want to purchase and 

place the order, your coins will be instantly transferred to your coinspot account and it's 

as easy as that. 


You can purchase a range of different cryptocurrencies on the platform including 

Bitcoin, Litecoin, Ethereum, Ripple and many many more. 

CoinSpot cryptocurrency exchange - Highly 





Click here to sign up for your FREE CoinSpot account and start trading cryptocurrency 








How can I stay up to date with cryptocurrency and the 

various regulations coming into effect? 


You can remain up-to-date by following various social media profiles of government 

departments such as the ATO, the news, the social media profiles for the 

cryptocurrencies themselves, as well as many independent bloggers online including​ who posts news tips and tricks relating to Australian 




Good luck and happy trading! 





Buy Ethereum in Australia, Buy Bitcoin in Australia, Buy Litecoin in Australia, Buy Ripple 

in Australia