Grocery store items are not the only things flying off the shelves this year… Bitcoin is being sold like hotcakes. From institutional investment by some of the world’s largest companies to brand-new retail investors learning about digital assets for the first time, Bitcoin is making headway across borders, connecting millions of people around the planet.
So now you, your friends, family, and random people you went to high school with are probably wondering the same question: “How to buy Bitcoin in Australia?” Well, it’s great that you ask that. Today we’re going to talk to you about the best way to buy Bitcoin in Australia.
This How to Buy Bitcoin in Australia article will also address:
- Best site to buy Bitcoin in Australia
- How to buy large amounts of Bitcoin: Australia edition
- Best Bitcoin wallet in Australia
- Pros and Cons of Buying Bitcoin in Australia
How to Buy Bitcoin in Australia
Buying Bitcoin in Australia has never been easier. Back in the day, the very few people who bought Bitcoin had very few options to buy it on. You had to be a technical guru and a financial wizard in order to execute a Bitcoin trade. However, those days are over. Now you can just go to Swyftx.com.au and register in just a few minutes to get access to over 225 different coins.
Sign up right now with just 4 short steps.
- Create your account: The first step in the process to buy Bitcoin in Australia is to create an account. The Swyftx account registration process is free to sign up. You give some basic information such as your name, home email, and telephone number. Then create a username you desire and a highly-secure password, and agree to our terms and conditions.
- Verify the identity: We like to keep things secure around here and make sure that malicious actors do not appear on our exchange. In order to meet this goal, we ask that our users verify their email, telephone and government-issued ID. That way we can make sure your account is safe and only used by you! These accounts may be uploaded instantly without any need for prior approval.
- Send Deposit: While Swyftx often hosts giveaways and other exciting ways to earn digital assets, the best way to fund your account yourself is to make a deposit upon opening your account. With Swyftx, users can immediately deposit AUD$50,000. There are four main ways to fund your Swyftx digital asset account: PayID, POLi, OSKO, or bank transfer.
- Start Trading Today: Stop-Loss, Market, and Limit orders will be activated once your deposit is confirmed. Once you create your account, verify your identity, and clear your deposit, you can start trading Swyftx’s 226 digital assets immediately.
Australia Buy Bitcoin
Australia has one of the most welcoming environments for cryptocurrency in the entire world. The Australian government not only encourages individual traders to invest, but the regulations also encourage businesses in the space to operate out of Australia. These regulations are part of what has made Swyftx such a successful exchange.
Exchanges are the main way to buy Bitcoin and other digital assets in Australia. Other popular channels to buy digital assets on include brokers and P2P exchanges. However, this is more cut and dry for the average retail investor. If you are someone who is looking to invest in retirement, there are also options for that too.
Through an exclusive partnership with New Brighton Capital, Swyftx users can put Bitcoin into a self-managed super fund (SMSF). Using this tax benefit, digital assets are taxed at a rate of merely 15%. Compare that to some other countries or tax mechanisms that tax your crypto at as high as 26% or even 30%.
Best Site to Buy Bitcoin in Australia
Okay. We’re a little biased, but Swyftx offers one of the best trading environments not just in Australia, but around the world. Our high-end user design, trading tools, and diversity of digital assets is something to be desired for crypto hodlers across every border and ocean.
But we’re not the only ones who think that. The highly-respected community on TrustPilot has rated us 4.9 out of 5 stars with almost 1,000 reviews! We’ve been humbled and so grateful to read the reviews on that website in regard to how helpful users find the platform.
Best Place to Buy Bitcoin in Australia
There are a lot of competitors unloading product and capital in the Asia-Pacific region. However, no other exchange in this market loves its customers and cares about user experience more than us. We started this product out of a passion to bring together the largest community into the financial market. Yes, we actually care.
Bitcoin Australia price
Just when the days of the Bitcoin roller coaster appeared to be over, they only seemed to amplify. Even while Bitcoin’s price goes up and down, investors seem to all be in consensus. But now you can, and hold on for the ride. While you most definitely have to do your own research before buying Bitcoin in Australia, one thing is pretty certain: If you bought Bitcoin between 2010 and December 2020, and you held it for 5 years, you’d be in the positive gains territory.
How to buy large amounts of Bitcoin Australia
Up to AUD$50,000 can be used for any single transaction on Swyftx. That is a lot of digital assets! If you are interested in larger purchases than that, or if you’re interested in learning about how to include Bitcoin in your self-managed super fund, visit our website here: https://swyftx.com.au/smsf/.
Best Bitcoin wallet in Australia
Swyftx provides wallets for every single one of the 226+ digital assets that are listed on our exchange. Any time you sell, buy, deposit, and withdraw, our exchange uses an internal wallet system to ensure you maintain a secure lock on your crypto. However, even beyond our exchange, users can be protected even further. There are many different types of wallets that are available on the market.
Hot vs Cold Wallets
While one of the largest differences between wallet types is established when a wallet is considered hot or cold, the real difference between wallet types doesn’t have much to do with temperature. The juxtaposition here lies in whether a wallet is connected to the internet or not. Hot wallets are connected to the World Wide Web, whereas cold wallets are stored offline. Cold wallets are often considered better due to the fact that hot wallets leave your digital assets susceptible to internet thieves. Swyftx believes that the best type of cold wallet storage out there is the Ledger Nano X.
Some of the features of the Ledger Nano X include:
- USB Type-C connector
- Both wired and wireless connection support
- 100 mAH battery
- Pin-Protected with backup
The oldest form of hot wallets is the desktop wallet. For whatever reason, many users often decide on a desktop wallet for the first place to put their crypto into. After its there, many decide to never use another wallet again.
If you’re the type of person who is always on the go, Swyftx offers a mobile wallet for your smartphone device.
Visit this link to read more about digital asset wallets on Swyftx.
Just like going on a holiday, there are a lot of options you can choose to buy Bitcoin from. However, you have to find the right place that fits your interests and lifestyle. Swyftx offers over 226 different digital assets, one of the most advanced user designs on the planet, and is stocked with the most modern trading tools. Users can sign up for Swyftx in just 4 easy steps. It doesn’t take long, and within a few minutes, you can deposit up to AUD$50,000 and start trading today.
Once you have your account setup and deposited, you can choose to put your crypto offline in an cold wallet or keep it on the website. At Swyftx, we actually care about our users and recommend offline storage with Ledger Nano because they have the toughest security around. For more information about how to buy Bitcoin on Swyftx, visit https://swyftx.com.au/ today.