How to buy Cryptocurrency in Australia

Cryptocurrency Australia is a AUSTRAC partner for digital currency services and education. We provide free information that helps Australians better understand the world of cryptocurrency and blockchain technology. On this page, we will help you understand how to purchase and use cryptocurrency. 

For the purpose of this tutorial, we will be using the CoinSpot platform. We have created a video tutorial also below should you wish to learn that way.

 

Step 1

Open your CoinSpot account.

Opening a Coinspot Account is free and easy, it will allow you to buy, sell, invest and trade hundreds of cryptocurrencies easy. If you are planning to use a credit card/debit card for buying, you will also need to open a Changelly account. For your convenience, we have provided the links below for you to use.

Open Your CoinSpot account below

Step 2

Get Verified.

In Australia, if you want to invest or trade cryptocurrency, you need to verify yourself to the chosen platform of choice, here at Cryptocurrency Australia, we are one of the oldest domains in the cryptocurrency space, having been involved for nearly 10 years. We have seen countless exchanges come and go and we can honestly say that CoinSpot is the best exchange in Australia. There is no competiton from any other exhchanges. Also, there are no exchanges that specifically cater to credit card bitcoin buying, so the Changelly platform will provide the extra level of convenience. You will still need to open a CoinSpot account if you wish to use Changelly.

Step 3

All Done.

That was simple, you have succesfuly began your journey into the world of cryptocurrency, in conversation, cryptocurrency can sound and look very confusing, it really is not. Once you get the hang of it, it is far easier, safer and faster than using your regular banking software. Now, lets move on to depositing money into CoinSpot.

Step 4

Depositing Funds into CoinSpot Wallet.

That was simple, you have succesfuly began your journey into the world of cryptocurrency, in conversation, cryptocurrency can sound and look very confusing, it really is not. Once you get the hang of it, it is far easier, safer and faster than using your regular banking software. Now, lets move on to depositing money into CoinSpot.4

depositing money into coinspot cryptocurrency platform

Step 5

Buying Your First Ever Digital Asset.

Are you ready to officially enter the wide world of cryptocurrency? Ok, lets jump right in. On the top menu you will see an menu item called BUY/SELL, click this once and you will be taken to the buy page which looks like this, 

buy sell invest trade cryptocurrency in australia

Click on the BUY BUTTON button which is coloured in blue, the text BUY will always be written first, followed by the coin code, for example Bitcoin is BTC and Ethereum is ETH, so when we want to choose Bitcoin we will click on the BUY BTC button. You will then be taken to the buy page for that coin which looks like this.

Buy Bitcoin in australia cryptocurrency

Click on the BUY BUTTON button which is coloured in blue, the text BUY will always be written first, followed by the coin code, for example Bitcoin is BTC and Ethereum is ETH, so when we want to choose Bitcoin we will click on the BUY BTC button. You will then be taken to the buy page for that coin which looks like this.

Thats all there is to it, you are now the proud owner of your first cryptocurrency otherwise known as digital assets. In just a few short moment, your wallet will be credited with your cryptocurrency. If you want to learn how to use your cryptocurrency, we have the following options below.

Now that you have purchased your first digital asset, you would want to make sure it is safe. Although, CoinSpot has never been hacked or had any cryptocurrency ever been stolen, we still want to make sure you have great cyber security habbits formed so you are safe guarded if you make the error of accidentaly leaking your login passwords.

Visit the Cyber Security page to learn how to protect your cryptocurrency account in just a few quick minutes.

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24h Vol: AUD91,694,409,244
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