Buy Bitcoin Australia (BTC)

$0.00

0.00%

AUD

BTC

We charge a trading fee of 0.6% on all trades along with the spread

Global Rank

Current global rank based on market cap.

Market Cap

The total value based on current price x supply.

24Volume

The total value traded in the past 24hrs.

All Time High (ATH)

The highest dollar value 1 has sold for.

Trade Activity

The % of buy and sell on Swyftx within past 24hrs.

Global Rank

#0

Market Cap

$0.00

24hr Volume

$0.00

24hr Change

0.00%

What is Bitcoin?

Bitcoin was the original cryptocurrency, first entering the market in 2009. It’s a peer-to-peer decentralized network, meaning it can operate without a third-party intermediary like a central bank. All Bitcoin transactions happen directly between independent network participants. Bitcoin was created under the alias Satoshi Nakamoto, whose identity remains unknown.

According to Satoshi Nakamoto, Bitcoin was created to allow “online payments to be sent directly from one party to another without going through a financial institution.”

Bitcoin is currently the largest digital currency in the world by market capitalisation. Bitcoin has paved the way for other digital currencies to enter the market and transform the future of financial transactions.

The total supply of BTC is finite by design and will never exceed 21 million coins, making it a deflationary asset. New coins are created by a process called Bitcoin mining. Bitcoin uses a proof of Work (PoW) consensus algorithm for verifying new transactions and mining new coins.

To buy Bitcoin (BTC) in Australia, simply sign up for a trading account with a Bitcoin exchange platform such as Swyftx.

Check out our Introduction to Bitcoin on Swyftx Learn to learn more.

How to buy Bitcoin in Australia?

It is easy to buy Bitcoin in Australia using a trading platform like the Swyftx cryptocurrency exchange. The first step to purchasing Bitcoin is to set up an online trading account with Swyftx. Having an account with Swyftx allows you to buy and sell cryptocurrency using a secure, easy-to-use app.

Follow these simple steps to start buying BTC: 

Create your account: Sign up to Swyftx by providing some personal details, including your full name, phone number, and email address. Ensure your account is secure by creating a secure password.

Verify: Swyftx’s verification process is quick and easy. All you need to do is verify your phone number, email address, and identification (I.e., passport or driver’s licence)

Deposit funds: Once you have created an account and completed your ID verification, you can deposit Australian dollars (AUD)from your bank account into your Swyftx account via numerous payment methods, including:

  • Bank transfer
  • OSKO
  • PayID
  • POLi
  • Debit card.

Start trading: Once the AUD deposit clears from your bank account, simply enter the amount of Bitcoin you wish to purchase and click the ‘Buy Bitcoin’ button. Once you buy BTC, the Bitcoin will become immediately available in your Swyftx wallet.

Why purchase Bitcoin with Swyftx?

Swyftx is an Australian crypto exchange with abundant features and benefits, making it easy to buy and sell Bitcoin. We offer low trading fees for those wanting to trade crypto, meaning you can maximise your profits and keep more in your pocket.

Additionally, you’ll also enjoy features such as automatic orders, recurring orders, combined order books and integrated viewing charts where you can track and closely monitor Bitcoin (BTC) and other listed digital assets.

Unlike other crypto exchanges, Swyftx offers ‘demo Mode.’ If you are new to trading crypto and want to practice trading before investing, you can switch your account to demo mode and practice trading using real-time data and mock currency. Once you are confident, switch off demo mode and trade Bitcoin with real fiat currency (AUD).

How to store bitcoin

After you purchase Bitcoin, it is recommended that you use a crypto wallet to store your BTC and other digital assets. Crypto wallets are software mechanisms that allow you to interact with blockchain networks, allowing users to send, receive and store cryptocurrencies. Unlike the wallet, you keep in your pocket, crypto wallets securely store your Bitcoin as pieces of data.

Swyftx has digital wallets for all crypto assets listed on our exchange. If you decide to sign up and buy Bitcoin through Swyftx, the digital currency will be immediately accessible in the Bitcoin wallet integrated into your account. If you are planning to hold onto your assets for an extended period of time, we recommend choosing a cold storage wallet to keep your crypto safe and offline.

What makes Bitcoin unique?

Bitcoin was the very first cryptocurrency available on the market. The development of Bitcoin has birthed a new multi-trillion-dollar industry that is growing rapidly. The emergence of BTC was a tech revolution. It is a totally decentralized and trustless payment system built on blockchain technology. Bitcoin and blockchain have inspired the development of various decentralized projects and companies, shaping the future of the digital world.

What is Bitcoin mining?

Bitcoin mining is a term that refers to the process of creating Bitcoin. Bitcoins are mined by high-powered computers that solve complex mathematical puzzles to verify transactions and create new blocks. The miner who successfully solves the problem first is given a block reward. This reward is presented as a predetermined amount of BTC.

Bitcoin miners then clump these transactions together in ‘blocks’ and then add them to the blockchain, which is a public record. Nodes, which are computers that connect to the Bitcoin network, then maintain records of those blocks so that they can be verified in the future.

Frequently Asked Questions

Who accepts bitcoin in Australia?

Many people buy Bitcoin to gain profit from the potential future growth of BTC. However, Bitcoin’s primary purpose is its use as a currency and payment method. As the popularity of Bitcoin in Australia continues to surge, the spending options are becoming broader and more businesses are beginning to accept Bitcoin transactions.

 

There is an array of different locations where you can withdraw, spend and exchange bitcoin. This includes Bitcoin ATMs, cafe’s, retailers and shops. Swyftx has created an index for all the businesses that accept Bitcoin in Australia. 

Is investing in Bitcoin safe?

It is always important to be cautious when buying cryptocurrency and practice safe investing to help minimise risk. Before investing in Bitcoin or any other cryptocurrencies, it’s paramount that you do your own research, develop trading strategies and trade on reputable Australian Bitcoin exchanges. At Swyftx, security and safety is our top priority.

 

Our trading platform has a robust security framework in place to ensure our customers can trade Bitcoin in a safe environment. We partner with Chainalysis, the world’s largest blockchain analysis company, making us one of the safest options to invest in Bitcoin in Australia. Additionally, we run personalised customer support and due diligence programs that require various identification checks for opening new accounts.

Buy BTC with a debit card

Yes! Swyftx supports debit cards. Before you start trading Bitcoin, you’ll have to deposit money (AUD) into your account using your debit card. To deposit using a debit card, simply navigate to the AUD deposit page and select the debit card deposit option.

 

Once you have successfully deposited funds into your account, you can buy Bitcoin and have it available in your wallet immediately.

Can I buy less than 1 Bitcoin?

For most people, buying 1 Bitcoin is a huge commitment. Bitcoin has surged in value and is now worth tens of thousands of dollars. Fortunately, you can buy a fraction of a Bitcoin. 1 Bitcoin can be divided into 0.00000001 BTC.

 

This is referred to as a Satoshi and it is currently the smallest unit of Bitcoin currency recorded on the blockchain. Swyftx has minimum orders in place, allowing you to buy as little as $1 of Bitcoin.

How is the price of Bitcoin determined?

Much like traditional investments, Bitcoin’s price is determined by its supply and demand. If more people want to buy BTC than sell it, then the price is likely to increase. In contrast, an increase in people wanting to sell Bitcoin will cause prices to decrease. View the live Bitcoin price (AUD).

Why use Swyftx to buy Bitcoin in Australia?

How to buy
Bitcoin (BTC)

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Low Fees

Swyftx has low trading fees and spreads when you purchase Bitcoin and other cryptocurrencies on our trading platform.

Instant Verification

Verify your account in minutes. This is convenient for those who are looking to buy BTC in Australia when they’re in a hurry.

Secure Accounts

Advanced security features like two-factor authentication (2FA) and breached password detection protect your account against scammers.

want to trial our platform?

Risk free demo mode

Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.

Rated 4.8 out of 5 based on 1960 reviews

Excellent

3828 Reviews

Mick Morris
I received a security support call the first time, I tried to move assets to another wallet. As a new user this was reassuring that they actually have good security systems.
Nathan
My inquiry was responded to quickly, & Swyftx’s service was both professional & friendly. I also received follow up emails/messages to check that everything was ok - outstanding customer service. I have found Swyftx to be modern...
Vamsi Chowdary
Very good customer support for changing mobile number
James B
Swyftx was easy to set up, with clear instructions and a nice layout. It's easy and fast to use. What I have been most impressed with is their customer service. Fast, helpful and personal. An actual person responding, not being re...
Jodi Crane
The staff in chat are very polite and helpful. Seems to be a pretty easy platform to navigate around in. Lots of help info and they seem very thorough.
Jason
Used the in app chat for a question and received a prompt reply within the app and an email. Also deposited funds are available within 5 minutes and withdrawals to my bank account have been instant (after the first withdrawal wh...
Joel dCB
I’m really impressed with the quick, personable customer service I receive from the gang at Swyftx. Also, Swyftx has a great app which is super easy to navigate. Finally, I have found that withdrawals of AUD arrive back in my ba...
Tom Dawson
The support team over at Swyftx were efficient and friendly when I needed a hand adding a referral to my account for the 2nd time. Thanks!
Ray Hinde
Great service. I had an issue with a withdrawal not going through. When I contacted swyftx to query it they began fixing it right away and it went through soon after. Gold.
James Lock
I set up an SMSF with Swyftx which requires a few steps outside of their usual sign up process. I've also added additional accounts which needed 'custom' KYC verification, and every time they were more than willing to work with me...

OUR TOP FEATURES

Why choose Swyftx?

AUD Deposit and Withdrawals

Deposit and Withdraw AUD via PayID, OSKO, Bank Transfer & POLi

Recurring Orders

Automate your crypto investments.Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.

Stop, On Trigger & Market Orders

Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.

Advanced 2FA & Password Security

Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.

Want to trade on the go?

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Download our App and buy, sell and trade Crypto anywhere at any time.

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