How to Buy Bitcoin Shares in Australia (2021)
The best way to buy Bitcoin shares in Australia is through a trusted cryptocurrency exchange in the country.
Getting started is simple, all you need to do is find the best Bitcoin exchange in Australia for you, sign up with your email address and verify your personal identity. Once you complete signing up, you then deposit Australian Dollars (AUD) and select the cryptos you want to buy.
What is the best exchange to buy BTC shares?
We recommend CoinSpot as the best exchange in Australia to start investing in crypto shares with your Commonwealth Bank, ANZ Bank or other bank account in Australia. They offer over 250 different cryptocurrencies with low fee trading.
The guide below provides a high level summary of how to get started buying crypto shares in Australia.
- Sign up to CoinSpot if you are an Australian resident
- Submit your 100 points of ID and complete the necessary onboarding and verification
- Select the 'Deposit Funds' button at the top of the page (as demonstrated in the image below)
- Select your preferred Australian Dollar deposit method and deposit up to $100,000 daily.
Who will store my Bitcoin shares?
When you buy Bitcoin or other cryptocurrencies on an exchange, the exchange (CoinSpot) will hold it for you with their managed wallets for security. You have full custody of the crypto shares in your account and can withdraw it at any time.