Buy Crypto in Australia, Easily

Find the best CeFi and DeFi platforms to Buy, Sell, Stake and Earn Interest on your Bitcoin and crypto assets.

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We compare leading Australian Crypto brands

How to Buy Crypto in Australia

A quick guide to buying Cryptocurrencies like Bitcoin, Ethereum, Solana, Avalanche and more with AUD.

Buy your first Crypto in Australia

  1. Get Started: To get started, you will need to find a trusted cryptocurrency exchange in Australia and sign up.
  2. Deposit AUD:Then you will need to verify your identity and connect your Australian bank account.
  3. Find Crypto: Find the crypto you want to buy.
  4. Buy Asset: Select 'Buy' and input the AUD amount you want to invest and execute your trade.

Continue reading for a detailed breakdown of each step.

Visit CoinSpot
How to buy Crypto in Australia

Deposit AUD to buy Crypto

You can deposit Australian Dollars (AUD) into the platform with a Bank Transfer, POLi, PayID, Cash, BPAY or other options.

The best deposit method is with PayID, because it is free and instant with a CoinSpot account.

For verified accounts, the daily deposit limit is $20,000 and can be increased with further KYC and verification.

Visit CoinSpot
Buy over 370 Cryptos on CoinSpot

Find the Crypto you want to Buy

Select from over 370 different cryptocurrencies to buy on the CoinSpot trading platform.

Get access to the latest DeFi, Metaverse, GameFi and Smart Contract platforms with low fees starting at 0.1%.

You can also stake to earn interest on your cryptocurrencies on the exchange.

Visit CoinSpot
Select your Crypto

Execute your Crypto Trade

When you find the token you want to invest in, simply input the AUD amount and buy your first Cryptocurrency.

When you buy Crypto with CoinSpot, the transaction is finalised instantly.

Once the transaction is completed, the Crypto you purchased will be stored in your CoinSpot managed wallet.

Visit CoinSpot
Instant Buy Crypto

Popular Methods to Buy Crypto in Australia

A comparison of the 4 most popular platforms to buy, sell, and earn interest on cryptocurrencies in Australia.

Account Features
Coinspot
Available Cryptos
370+
300+
300+
30+
AUSTRAC  Licensed
Trading Fees
0.1% - 1%
0.6%
0.1%
0.5%
Crypto Staking
24/7 Priority Support
Deposit Methods
10+
6+
5+
4+
NFT Marketplace
Users in Australia
2,000,000
300,000
20m+ Worldwide
250,000

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Frequently Asked Questions

A summary of the most frequently asked questions we receive from crypto investors in Australia.

Is Buying Crypto in Australia Legal?

Yes, buying and selling cryptocurrency in Australia is legal. The Australian Transaction Reports and Analysis Centre (AUSTRAC) regulates cryptocurrency exchanges and has implemented know-your-customer (KYC) and anti-money laundering (AML) requirements for them.This means that investors can safely and legally buy Bitcoin and cryptocurrencies through an AUSTRAC-licensed exchange.

How is Crypto Taxed in Australia?

In Australia, the tax treatment of cryptocurrency transactions is based on the specific use case and individual circumstances. In general, the Australian Taxation Office (ATO) considers cryptocurrency to be a form of property, and transactions involving cryptocurrency are subject to capital gains tax (CGT) rules.

If you purchase cryptocurrency as an investment, any capital gain or loss from the sale or disposal of the cryptocurrency is subject to CGT. If you use cryptocurrency to purchase goods or services, the transaction is considered a barter transaction and the value of the cryptocurrency is treated as if it were Australian dollars.

If you have any questions about your specific tax obligations, you should consult with a tax professional or the ATO for further guidance.

Where Can I buy Crypto in Australia?

In Australia, you can buy cryptocurrency from a variety of sources, such as cryptocurrency exchanges, peer-to-peer (P2P) marketplaces, and over-the-counter (OTC) brokers. Cryptocurrency ATMs and some physical exchanges also exist in some locations. You can also buy from individuals who own the cryptocurrency. It's worth to do your own research and due diligence when choosing a provider to ensure that it is reputable, secure and regulated.

Does Crypto Affect Credit Scores in Australia?

Cryptocurrency itself does not directly affect credit scores in Australia, as credit scores are based on credit history, which is primarily determined by traditional financial products and services such as credit cards, loans, and mortgages.

However, if you use a credit card to purchase cryptocurrency or to make other transactions on a cryptocurrency exchange, it may have an indirect impact on your credit score. This is because credit card companies report to credit bureaus, and if you make late payments or exceed your credit limit, it could negatively affect your credit score.

Testimonials

Hear from our community

Earning more interest on my assets
This blog helped me find better platforms to earn more yield on my cryptos. After reviewing BCA's content, my average APY went up 6% across all of my tokens.
Dylan Ferris
Director of Growth, DeFi Labs
Secure SMSF onboarding
I contacted the Buy Crypto Australia team with some questions regarding SMSFs. They promptly connected me with a CoinSpot account manager to set everything up really quickly and easily.
Sonya Feresca
Head of Advertising, Build NET
Stablecoin bridging
I often move my tokens across different networks to take advantage of stablecoin yields. The BCA bridging guides really helped me find the easiest & cheapest way to move multi-chain.
Adrian Olenik
Product Manager, Flow Conversion
Finding the best Crypto ETFs
I found the easiest way to get ETF exposure to cryptocurrency with BCA. I was able to invest in CoinSpot's Bundle of NFT coins to get investment exposure to the metaverse.
Jessica Alesha
Founder & CEO, Socially
OTC 
We were able to connect to the best OTC brokers through the BCA team to get access to deep liquidity on BTC, ETH and other assets. They walked us through the process from end-to-end.
Pete Jones
Head of Trading, DIGIT Capital