Buy Bitcoin Australia (BTC)

$0.00

0.00%

AUD

BTC

We charge 0.6% on all trades

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 is a peer-to-peer decentralised cryptocurrency. A person or group of people created Bitcoin under the alias Satoshi Nakamoto. It’s a peer-to-peer network meaning it can operate without a third-party intermediary like a central bank. All Bitcoin transactions happen directly between independent network participants.

According to Satoshi Nakamoto’s own words, 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 currency.

The total supply of BTC is limited by its software and will never exceed 21 million coins. New coins are created by a process called ‘Bitcoin mining’. Bitcoin uses a proof of Work (PoW) consensus algorithm which is used 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 Bitcoin in Australia using a Bitcoin trading platform like Swyftx. The first step to purchasing Bitcoin is to set up an online trading account with Swyftx. Having an account with Swyftx allows you to purchase 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
  • credit/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 cryptocurrency 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 you start 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 decentralised and trustless payment system based on blockchain technology. Bitcoin and blockchain have inspired the development of various decentralised projects and companies, shaping the future of the digital world.

What is Bitcoin mining?

Bitcoin mining is a term that refers to the creation of 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 Bitcoin 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 credit or debit card

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

Signup Now

Lowest Fees

Swyftx has low trading fees and spreads when you purchase Bitcoin and other cryptocurrencies on our trading platform. Swyftx cryptocurrency exchange has some of the lowest fees on the Australian market.

Instant Verification

Verify your account without submitting any documents. This is convenient for those who are looking to buy BTC in Australia when they’re in a hurry. If you have the credentials to satisfy the requirements that Australia looks for, then why wait days for verification?

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.

Create a free account

Rated 4.8 out of 5 based on 1960 reviews

Excellent

3800 Reviews

Stormgain Customer
Trust is very important to me an all of us. i can definitely say swyftx has earn my trust completely. Knowing that my funds a safe an secured support is very quick to respond to enquiries an they do seem to have a friendly ...
John Bulman
Hi... Very happy with the service and personal attention received from Swyftx... I have many international and national exchanges and honestly find Swyftx to be one of the very best... John b bulman 😊
John Page
Swyftx team are always there for help, easy and friendly site to navigate, great app
customer
I needed further information about the use of the Swyftx exchange. I was provided with all the information I required.
BD
I was experiencing issues with the Swyftx App, it was not processing my ID verification. I emailed the support team expecting someone to eventually come back to in the next couple of days, but they absolutely exceeded my expectati...
woo
easy and easy
Justin Oneill
Great Website, easy to use Also really helpful online Support
Joe
Excellent company, quick response time from staff, and easy-to-use interfaces. I would highly recommend Swyftx to anyone.
Oscar Diaz
All good thanks
SLAP AND TICKLE
Very helpful support team. Quick response and easy to understand the guidance they offer.

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?

Download the app

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

330 reviews
526 reviews