The best place to buy bitcoin in Australia
Is Coinspot.
Trust me I have tried them all. They have the best rates, they have the highest credit card buys(up to $5000 per 24hr) and instant bank transfers via POLI.
Other sites either have worse rates, or limits on credit cards Coinbase.
UPDATE Coinspot have removed credit card purchases.
Coinjar is quite good too although their rates for buying aren't as good.
After buying their EFTPOS card I would advise against it. You can withdraw bitcoin from Coinjar very easily to your bank account. It is easier to just use your own bank account.
Localbitcoins also don't have as competitive rates and is more trouble than doing it all online.
I highly recommend Coinspot if you want to buy bitcoin in Australia
So I saw your headline and instantly thought BS... But Coinspot absolutely kicks Coinjar's (who I think is probably the best known one in Australia outside of localbitcoins) ass on the fees!
My only concern is how long have they been around?
Not too sure. BUT they just took away credit card payments! I am so disappointed! Looking for other alternatives now....
I registered with Coinspot almost two weeks ago and have been waiting for verification, not sure what the issue is there as I have also registered with Cointree (only took a day) and purchased my first Bitcoin. I like that you can purchase Altcoins through Coinspot. Are you only purchasing Bitcoins, or are you also purchasing Altcoins? I am waiting for my Ledger Nano Wallet, but can you suggest another wallet to store Altcoins? Jaxx is another I am considering as a desktop sollution... thoughts?
avoid JAXX at all costs. Yes coinspot is slow and my view has changed, once they took out their credit card processing I no longer use them.
@btcmillionaire, since you've tried a few of them, what are your thoughts on cointree.com.au?
You can also use https://www.independentreserve.com/
They seem a professional site, I find Coinspot expensive to buy cryptos on. Example DASH $271.00 AUD, Market Price $236.80, another NEM $0.29 Market $0.2436. I think they are such a small exchange, that's why many use poloniex in the US?
CoinSpot is a trusted Australian cryptocurrency exchange, that offers a wide variety of cryptocurrency. CoinSpot has Bitcoin, Ethereum, Bitcoin cash and maybe other altcoins on there exchange for trading with AUD. CoinSpot also regularly lission to the community and adds new coins when the community asks for them to be added. CoinSpot also has a fully functional wallet for each coin on there exchange, free of charge. If you would like find out more and trade cryptocurrency with AUD please click this link: https://www.coinspot.com.au?affiliate=DZYBY Thank You, looking forward to seeing you join the CoinSpot community!
Guys, please do some research before buying cryptocurrencies in Australia. Coinspot is one of the worst exchanges in the world in terms of price. They are always 15-19 percent more expensive than the world's average. If you're trying to buy BTC or ETH and transfer it to Binance or some other exchanges for trading use Coinmama that you can buy via your credit card. Good thing about Coinmama is that there's no limit of buying like Coinbase. Price might be a bit higher than world averagre but still hell of a lot cheaper than Coinspot.
Hey guys,
I am one of the co-founders of a new digital currency exchange based out of Brisbane. Our site is called Digital Surge
https://digitalsurge.com.au
we offer real time verification through adopting Australia Post's Digital ID platform. This means not having to upload verification documents or taking awkward selfies.
We also allow deposits of AUD via POLi pay of bank transfer. This means you can signup and have your first purchase of Bitcoin in under a few minutes.
We also have an added feature of allowing people to pay their bills with Bitcoin.
If you have any questions about our service feel free to ask via our live chat.
Josh