How and where to buy Bitcoin in Perth
The first step in buying Bitcoin is choosing a reputable Bitcoin exchange. There are many different exchanges to choose from, but not all are created equal. Some are more reliable and secure than others, so it’s important to do your research before choosing one. We recommend using Independent Reserve, as it is one of Australia’s most trustworthy and reliable exchanges.
Once you’ve chosen an exchange, you’ll need to create an account; this involves providing some personal information and creating a username and password. Once your account has been created, you’ll need to verify it via email or SMS.
Once your account has been verified, you’ll need to deposit funds into it so you can start trading. This can be done via bank transfer or credit/debit card. Once your funds have been deposited, you’re ready to start buying and selling Bitcoin!
Independent Reserve
Established in 2013, Independent Reserve is one of the most trusted exchanges in Australia & New Zealand. It caters to retail users, traders, SMSFs and institutions. You can buy Bitcoin using EFT, Osko/PayID, POLi and SWIFT. They use encrypted, geo-dispersed data centres and top tier underground vaults to protect your data and crypto.
| Deposit methods: | EFT bank transfer, POLi, Osko / PayID, SW |
| Tranding currencies: | AUD, NZD, USD |
| Cryptocurrencies: | Bitcoin, Ethereum, XRP, USDT, Litecoin (15 total) |
| Deposit fees: | "EFT, none for deposits over $100. A$0.99 for deposits under SWIFT, Nine for deposits over A$5,000, A$15 for deposits under A$5,000" |
| Withdrawal fees: | "None for AUD, $20 for non-AUD Cryptocurrencies: Vary" |
| Trading fees: | 0.05% to 0.50%, discount on scale |
| Pros: | Insurance on crypto assets, OTC trading desk, automatic dollar cost averaging, 24/7 support, SMSF accounts, tax estimator, |
| Cons: | No mobile app |
| Buy Bitcoin with Independent Reserve |
Independent Reserve
Founded in 2013 in Melbourne, Australia: Cointree offer Bitcoin and over 100 coins. Buy using Australian dollars, NZD and USD. Supported transfer methods include bank transfer (EFT), POLi and cash. Individuals, SMFS, Trusts and businesses can buy Bitcoin. An OTC trading desk is available for large orders.
| Deposit methods: | EFT bank transfer, Osko / PayID, Blueshyft (Post office) |
| Tranding currencies: | AUD |
| Cryptocurrencies: | Bitcoin, Ethereum, XRP, USDT, Litecoin (Over 100) |
| Deposit fees: | No deposit fees |
| Withdrawal fees: | No withdrawal fees |
| Trading fees: | Cash: 0.5% to 0.9%. Coin-to-coin: 0.05% to 0.25% discount on scale. |
| Pros: | Wide range of tokens, clean UI, option to pay bills with crypto |
| Cons: | No mobile app, $20 minimum for trades |
| Buy Bitcoin with Cointree |
Now that you know how and where to buy Bitcoin in Perth, Australia, you’re ready to start trading cryptocurrency! If this is your first time investing in cryptocurrency, we recommend doing some additional research before making any trades. Cryptocurrency prices can be volatile, so it’s important to understand what you’re getting into before putting any money down. But once you feel comfortable with the process, buying and selling Bitcoin can be a fun and exciting way to make money!