Bitcoin (BTC) was the first cryptocurrency to ever enter the crypto market. Bitcoin was created in 2009 by an anonymous entity that continues to use the alias Satoshi Nakamoto. The goal of Bitcoin was to allow online payments that could be sent between parties without a third party or financial institution. All Bitcoin transactions are sent and received directly between independent network participants.
As it currently stands, Bitcoin has the largest market cap of any cryptocurrency. The asset has had tremendous growth since its initial launch and has reached multiple all-time highs throughout its lifetime.
BTC has been designed to have a limited supply that can never exceed 21 million units. The process of creating new coins is known as Bitcoin mining. This process requires high-powered computers to solve a complex puzzle/equation which in turn verifies new transactions and mining new coins.
Check out our Guide to Bitcoin on Swyftx learn, to find out more.
Sign up to Swyftx to begin trading Bitcoin in New Zealand.
Buying Bitcoin has never been easier when you trade on Swyftx crypto exchange. Simply create an account, verify your identity and buy Bitcoin. Having an account with Swyftx allows you to trade over 300+ cryptocurrencies on secure and user-friendly trading platform.
Follow these steps to begin buying Bitcoin:
Create your account: Sign up to Swyftx by providing your full name, phone number and email address. Ensure you create a secure password.
Verify Identity: To verify your account all you need to do is verify your phone number, email address and identification (I.e. passport or driver’s licence)
Deposit funds: Once your account is verified, you can deposit Australian dollars (AUD) from your bank account into your Swyftx account, via debit card.
Start trading: Once you have funds in your trading account, all you have to do is enter the amount of Bitcoin you wish to purchase and click the ‘Buy Bitcoin’ button. After you buy BTC, the Bitcoin will become immediately available in your Bitcoin wallet.
Swyftx offers an abundance of valuable features and benefits, to make it easy to buy, sell and trade Bitcoin (BTC). We offer some of the lowest trading and transaction fees on the New Zealand crypto market, letting you trade more, for less.
Our trading platform is equipped with a range of trading features, allowing you to create automatic, recurring, and combined orders. We have integrated TradingView charts with every asset, so you can track your favourite assets and develop crypto trading strategies.
If you are just starting your crypto journey and want to practice trading before you start investing your own money, you can switch your account to demo mode. Demo mode lets you practice trading digital currency using real-time data. Once you are confident, switch off demo mode and begin trading Bitcoin.
When you purchase Bitcoin with Swyftx your assets are automatically stored in a secure digital wallet that is integrated with your account. You can access your Bitcoin at any time when it is stored in your Swyftx wallet.
If you are planning to hold onto your assets for an extended period of time, the crypto wallet option we recommend choosing is a hardware wallet to keep your crypto safe and offline.
The best place to buy Bitcoin is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Bitcoin (BTC). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of BTC is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Bitcoin with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy BTC instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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This should not be used to make investment decisions.
4149 Reviews on
Fantastic Platform Easy for beginners to buy, sell, swap and create recurring orders. Swyftx rewards also makes it an enjoyable platform to use.
Swyftx is easy to use, has fast deposits and withdrawals. Their Help responses are always quick and helpful and you also get to live chat with a real ...
I have used a number of exchanges over the past few years and Binance was always my go to, but when they started getting restricted in Australia I nee...
Great product and service
The customer service is great! It doesn't take long to withdraw from your account within one day my funds are in my bank account which is great.