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Business News›Industry›Banking/Finance›Finance›How to Buy Bitcoin In Australia
2022 - 3 Safe Sites

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HOW TO BUY BITCOIN IN AUSTRALIA 2022 - 3 SAFE SITES

SECTIONS
How to Buy Bitcoin In Australia 2022 - 3 Safe Sites
MediawireLast Updated: Mar 12, 2022, 12:05 PM IST

Several platforms facilitate the purchase of Bitcoin globally. However, the best
place to buy Bitcoin Australia is on a regulated, intuitive platform that offers
low fees on Bitcoin transactions.

This guide explores the best platforms to buy Bitcoin Australia based on fees,
regulation, usability and special features. We will also consider the benefits
of buying Bitcoin and the ways we can buy Bitcoin.

How to Buy Bitcoin Australia - Quick Steps
To learn how to buy Bitcoin in Australia on the eToro platform, new users need
to follow these quick steps:

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⦁ Open an account with eToro - Visit eToro.com and click the ‘Join Now’ button.

⦁ Deposit - Deposit a minimum of $50.

⦁ Search for Bitcoin - Type BTC in the search bar.

⦁ Buy - Simply type in how much BTC you want to buy and click on ‘Open Trade’

Where to Buy Bitcoin in Australia

Wondering how to buy Bitcoin Australia? Here are three of the best crypto
exchanges to use right now.

* eToro - Overall Best platform to Buy Bitcoin Australia
* Coinbase - Best Platform to Buy Bitcoin Australia for Newbies
* Capital.com - Best CFD Platform to Buy Bitcoin Australia

eToro - Overall Best platform to Buy Bitcoin Australia

eToro is a social trading platform that allows users to manage their investment
portfolios seamlessly by granting them access to their digital assets as long as
they have an internet connection.

The platform ranks as the overall best platform to buy Bitcoin in Australia due
to its swift account setup processes, low fees and ease of use.

eToro helps users make the most out of their investments through its CopyTrader
functionality. This enables users to imitate the strategies of expert traders
while increasing the chances of profiting and mitigating risks.

Wondering how to buy Bitcoin in Australia from a regulated broker? eToro has
secured operational licenses from top-tier regulatory bodies such as ASIC and
the FCA.

The minimum deposit is just $50, and you can use a variety of payment options.
There are no deposit fees or account fees to worry about.

The platform allows users to make payments via bank transfer, credit/debit
cards, Neteller and Skrill.

Buy Bitcoin in Australia on eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU
investor protection.
Coinbase - Best Platform for Newbies

Coinbase is an online crypto exchange that specialises in providing storage
amenities for cryptocurrencies and the buying and selling of crypto assets. The
firm was founded in 2012 by Brian Armstrong. The FCA regulates the company’s
E-Money Services.

Coinbase is unique because of the simple interface, which is vital for new
Australian traders and crypto enthusiasts to learn more about the crypto market.
The abundant learning materials on the platform also help new users learn how to
buy Bitcoin in Australia and about the basic concepts of the crypto market

Coinbase offers access to over 100 cryptocurrencies and 81 crypto-to-crypto
trading pairs. Making transactions on Coinbase is affordable as the platform
only requires a minimum deposit of $2 (2.7 AUD) and charges between 0.5% to 4.5%
per trade due to market fluctuations.

When making deposits by debit card, users are charged 3.99%, and for every US
wallet or account, 1.49% is charged. For trades less than $10 (13.8 AUD), 1.1
AUD is charged. For trades over $50 (69 AUD) and up to $200 (276 AUD), 3.4 AUD
is charged.

The platform currently accepts bank transfer, debit cards, wire transfer,
PayPal, Apple Pay and Google Pay as valid payment methods.

Buy Bitcoin in Australia on Coinbase.
Your capital is at risk.
Capital.com - Most Technologically advanced platform to buy Bitcoin Australia
Capital.com is regarded as the most technologically advanced platform to buy
Bitcoin because of the AI- technology employed to maximise user earnings.

The technology grants users the ability to make successful trades without
expending themselves.

The platform offers users access to over 6,400 tradable assets at low fees.
Capital.com does not charge users for commission and covers the cost of deposits
and withdrawals. To make payments on the platform, users can make deposits using
bank transfers, Visa/Mastercard/ Maestro debit/credit cards, Apple Pay and
PayPal.
Capital.com offers a demo account with virtual money where you can learn how to
buy Bitcoin in Australia as well as trade the premier digital asset.

Trade Bitcoin in Australia on Capital.
Your capital is at risk.

Ways of Buying Bitcoin

Cryptocurrencies like Bitcoin are still novel to several investors. This has
made several investors wonder how to buy Bitcoin in Australia easily. This
section points out the best payment methods you can use to buy Bitcoin.

⦁ Buy Bitcoin with PayPal
Users can now buy Bitcoin with PayPal as the payment giant has joined the long
list of payment companies facilitating crypto payments. If you want to learn how
to buy Bitcoin with PayPal, you can easily do that on eToro.

⦁ Buy Bitcoin with Credit or Debit Card

Credit and debit cards are among the best ways to buy Bitcoin in Australia,
including our top pick, eToro. You can easily buy Bitcoin with credit card
instantly on eToro for zero fees. However, making deposits with credit cards is
affordable except when using a debit card on Coinbase, which charges 3.99% in
fees.

⦁ Buy Bitcoin with Neteller or Skrill

Neteller and Skrill are electronic payment methods that have gained popularity
in the last few years. Users enjoy zero charges when using either of these
payment methods to deposit on the eToro platform, making it the cheapest way to
buy Bitcoin.

Why Buy Bitcoin?

⦁ Great store of value
Bitcoin’s main appeal for many lies in its hard-cap limit. Frequent global
financial meltdowns and inflation figures have driven investors to search for
the best store of value to protect their wealth. Bitcoin’s maximum supply of 21
million coins has prompted investors to rush to add the digital asset to their
balance books.

The expected supply crunch has the dual positives of preserving long term value
and identifying Bitcoin as a more suitable store of value than gold. Several
legacy-based companies have been rushing to buy Bitcoin, with US software
enterprise company MicroStrategy leading the ranks.
Bitcoin Price

Bitcoin is currently trading well above the $40,000 price peg (a little under
$60,000 AUD) where it appears to have found support, and is still up over the
last 12 months. However it is currently below the 20-day moving average (MA)
support price of $48,500.
Bitcoin Price Prediction

Bitcoin has had an amazing run this year, reaching a new all-time high (ATH) of
$69,000 in April. The premier cryptocurrency is set to increase in price in the
coming weeks as the market recovers from the bearish run and moves to take on
the bulls.

Professional and technical indicators on Digital Coin Price predict that Bitcoin
will rush to a new ATH of $75,185 in 2022, and by 2025, the crypto asset may be
trading at $200,000.

Within the first few months of 2022, Bitcoin may hit a minimum price value of
$43,038 and a maximum value of $50,150, according to Wallet Investor.
How to Invest in Bitcoin Australia - eToro Tutorial

Investing in Bitcoin is easy if you know the right process to follow. Below is a
step-by-step process on how to buy Bitcoin online on our recommended crypto
broker, eToro.

⦁ Open an account on eToro

The first step will be to open a free account on eToro. To do this, click on the
‘Join Now’ button to access the registration page.

Verify ID

You will be required to complete the know-your-customer (KYC) process to be
fully onboard the platform. All you need to provide is proof of identity and
address.

⦁ Deposit

Deposit a minimum of $50 via bank transfer, credit card or e-wallet.

⦁ Buy Bitcoin

Type ‘BTC’ into the search bar. After clicking on trade, enter your investment
and tap ‘Open Trade’.

Conclusion
With most crypto-hungry investors looking to buy Bitcoin Australia, you’ll need
a safe and cheap provider.

As such, we recommend eToro as it’s fully regulated, has low fees and supports
copy trading.

Buy Bitcoin in Australia Now.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU
investor protection. Your capital is at risk. Additionally, 68% of retail
investor accounts lose money when trading CFDs with this provider. You should
consider whether you can afford to take the high risk of losing your money.
FAQs on Buying Bitcoin in Australia
⦁ How do invest in bitcoin Australia?
You can buy Bitcoin in Australia by using a reputable broker. We would recommend
eToro, as the platform is secure and offers a trusted crypto wallet.
⦁ What Is the Best App to Buy Bitcoin in Australia?
There are a lot of apps available that offer users the opportunity to buy
Bitcoin. However, considering pivotal factors such as fee and regulation, eToro
is the best app to buy Bitcoin.

Disclaimer:
The above content is non-editorial, and BCCL hereby disclaims any and all
warranties, expressed or implied, relating to it, and does not guarantee, vouch
for or necessarily endorse any of the content. Crypto/NFTs are unregulated,
highly risky, and there may be no regulatory recourse for any loss from such
transactions. Readers to exercise caution/due diligence, and comply with all
applicable laws, including but not limited to taxation laws. Above content does
not constitute investment advice nor promotes, suggests or presents Crypto/NFTs
to solve financial difficulties/achieve financial security/act as an alternative
to employment/income opportunity.

Disclaimer: Content Produced by CryptoPR

( Originally published on Jan 28, 2022 )

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