Buy Bitcoin And Crypto In Melbourne

Buying bitcoin in Melbourne doesn’t need to be hard. Here at Coin Companion, we’ve done all the hard work for you. You can find our reviews of Australia’s best exchanges, as well as our favourite cryptocurrency wallets.

We’ll guide you through every step of the way, so you can buy bitcoin and other cryptocurrencies without the stress. Our helpful guides make it super simple to purchase crypto from the exchange that’s best for you, and then store it securely.

Simply choose from our favourite exchanges below, sign up and follow the steps to buy your first bitcoin.

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We Compared 4 Crypto Exchanges

Rank Exchange Rating Cryptocurrencies Deposit Fees Withdrawal Fees Best For Website
1
BTC, ETH, BCH + 180 more Fast Purchases Visit Site
2
Bitcoin Ethereum XRP + 12 more Security Visit Site
3
BTC, ETH, LTC +200 Alt-coins Visit Site
4
BTC, ETH, LTC +10 Mobile users Visit Site
1

Swyftx is one of Australia’s most popular crypto exchanges. It provides a one-place solution for all your crypto needs. It is beginner-friendly, and you can register yourself swiftly. It supports more than 179+ assets to buy, sell or trade.

Read our full review here.

  • Rating:
  • Best For:
    Fast Purchases
  • Country:
    Australia
  • Currency:
    AUD
  • Deposit Fees:
  • Withdrawal Fees:
  • Trading Fees:
  • Available Cryptocurrency:
    BTC, ETH, BCH + 180 more
  • Pros
    Over 100 cryptocurrencies, fast verification, low fees
  • Cons
    Margin trading not available
  • Visit Website

Independent Reserve was launched in 2013 and is one of Australia’s most trusted cryptocurrency exchanges. They have served more than 150,000 users from Australia, New Zealand and other parts of the world. Independent Reserve is registered in Australia and certified by Blockchain Australia as a ‘Digital Currency Business’. You can buy, sell or trade popular cryptocurrencies using AUD, USD or NZD.

  • Rating:
  • Best For:
    Security
  • Country:
    AUD and NZ
  • Currency:
    AUD, NZD, USD
  • Deposit Fees:
  • Withdrawal Fees:
  • Trading Fees:
  • Available Cryptocurrency:
    Bitcoin Ethereum XRP + 12 more
  • Pros
    Supports major cryptocurrencies, strong security and Australian based
  • Cons
    Transaction and withdrawal fees, and commission rates may apply.
  • Visit Website

CoinSpot is Australia’s largest cryptocurrency exchange. It provides over 100+ cryptocurrencies to buy, sell or trade with AUD. This has made it one of the leading cryptocurrency exchanges in the country. Based in Australia, CoinSpot is a licensed and regulated crypto exchange.

  • Rating:
  • Best For:
    Alt-coins
  • Country:
    Aus
  • Currency:
    AUD
  • Deposit Fees:
  • Withdrawal Fees:
  • Trading Fees:
  • Available Cryptocurrency:
    BTC, ETH, LTC +200
  • Pros
    Australian owned and operated, low fees and compliant with laws.
  • Cons
    Poor platform for advanced trading. Varying fees.
  • Visit Website

Coinjar was one of the first exchanges to serve Australia. It accepts AUD and provides around 15 cryptocurrencies to buy, sell and trade.

  • Rating:
  • Best For:
    Mobile users
  • Country:
    Aus and UK
  • Currency:
    AUD, GBP
  • Deposit Fees:
  • Withdrawal Fees:
  • Trading Fees:
  • Available Cryptocurrency:
    BTC, ETH, LTC +10
  • Pros
    Supports major cryptocurrencies, low fees
  • Cons
    Security issues such as lack of multi signature capabilities
  • Visit Website

Frequently Asked Questions

Is bitcoin legal in Australia?

Yes, bitcoin is legal in Australia. It was declared legal in December 2013 by the governor of the Reserve Bank of Australia (RBA).

How do you buy bitcoin in Australia?

You can buy bitcoin in Australia from a number of local and international exchanges. You can find our guides on how to buy bitcoin here.

Do you pay tax on bitcoin in Australia?

In Australia, bitcoin and other digital currencies are viewed as an asset for capital gains tax purposes.

What is the best bitcoin wallet in Australia?

For security purposes, the best wallets are typically hardware wallets. For ease of use, software, or exchange based wallets are often the best choice. You can read more about the best bitcoin wallets here.