Buy Bitcoin And Crypto In Sydney

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Buying bitcoin in Sydney 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.

Swyftx

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

Deposit methods:Bank transferPOLiOskoPayID
Trading currenciesAUD
CryptocurrenciesBTC
ETH
XRP
BCH
NEO
+180 more (approx.)
Deposit fees:Cryptocurrency: NoneAUD deposits under $200: AUD$2
Withdrawal feesCryptocurrency: NoneAUD withdrawals under $200: AUD$2
Trading fees0.6%
Pros Over 100 cryptocurrencies, fast verification, low fees
ConsMargin trading not available

Independent Reserve

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. 

Read our full review here

Deposit methods:EFT bank transfer
POLi
Osko/PayID
SW
Trading currenciesAUD
NZD
USD
CryptocurrenciesBitcoin
Ethereum
XRP
USDT
LTC
+ 10 more
Deposit fees:$0.99 fee for deposits under $100
Free for larger deposits
$15 fee for SWIFT deposits in USD or NZD up to $5000
Withdrawal fees$0 for AUD
$20 for non-AUD
Crypto withdrawals vary
Trading feesFees vary
0.05% to 0.50%
Pros Supports major cryptocurrencies, strong security and Australian based
ConsTransaction and withdrawal fees, and commission rates may apply.

CoinSpot

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.

Read our full review here

Deposit methods:BPAYCashPOLiPayID
Trading currenciesAUD
CryptocurrenciesBTC
ETH
XRP
LTC
BNB
+200 more (approx.)
Deposit fees:POLi & PayID: NoneBPAY: 0.9%Cash: 2.5%Direct Deposit: 0%Direct bank transfer: None
Withdrawal fees$0 for Australian bank accounts
Trading feesInstant buy: 1%OTC: 0.1%Market order: 0.1%* (for major coins)
Pros Australian owned and operated, low fees and compliant with laws.
ConsPoor platform for advanced trading. Varying fees.

Coinjar

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

Read our full review here

Deposit methods:Bank transferBPAYCashCryptocurrencyOskoPayIDNPP
Trading currenciesAUD, GBP
CryptocurrenciesBTC
ETH
XRP
LTC
+9 more (approx.)
Deposit fees:BPAY: No feeNPP: No feeCash: 1.5%CoinJar users: No fee
Withdrawal feesFees vary
Trading feesMaker: 0.05-0.15%Taker: 0.0-0.20%
Pros Supports major cryptocurrencies, low fees
ConsSecurity issues such as lack of multi signature capabilities

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.