How To Trade Bitcoin In Australia

trade Bitcoin in Australia

Everybody is talking about Bitcoin nowadays. Bitcoin trading is booming in Australia. in 2013 Bitcoin trading volume was merely a million AUD, while it surpassed 10 Million AUD in alone in Dec 2017. Therefore everybody is thinking about trading in Bitcoin. Below we have given step to step guide, how to buy bitcoin in Australia in the top 3 Exchanges.

Purchase Bitcoin in Australia

1-Coinmama: Coinmama is Israel based exchange operating since 2013. But it is also operating in Australia. With Coinmama you can buy Bitcoins by visa/MasterCard credit or debit card. Coinmama provides only buy service. You cannot sell Bitcoin here. To start trading on Coinmama you have to register on coinmama. To know the process on coinmama, visit the coinmama official website. https://www.coinmama.com/

2- Bitstamp: Bitstamp is UK based exchange operating in the industry since 2011. This is positive news for the Australian traders that Bitstamp is providing its services in Australia. Anyone can buy bitcoins in Australia via Bitstamp by using a Visa or MasterCard credit/debit cards. You have to register on Bitstamp and complete your KYC process before starting trading.

3- Coinspot: Coinspot is an Australian exchange working in this segment since 2013. Coinspot is a registered digital currency exchange in Australia by AUSTRAC. For Australian citizens, completion of the KYC process is a cakewalk, and it’s easy to start trading on this platform. Coinbase earned proper recognition in the industry due to its ease of use and reasonable charges.

These are the prime exchange who are operating in Australia. There are few more exchanges like Changelly, CEX.io, Localbitcoins are operating in Australia. There is one more easy way to buy bitcoins in Australia is through bitcoin ATM. You need bitcoin wallet ID to purchase bitcoin from ATMs, while on some of the ATMs you don’t need ID.

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