Our Summary: The best way to buy Bitcoin in Sydney is through an AUSTRAC-licensed Australian cryptocurrency exchange. With this method, you can deposit AUD with a bank transfer, cash, debit card and many other methods to invest in digital assets.
For Sydney-based investors looking to get started quickly, we recommend CoinSpot for users looking to buy BTC because they offer 0.1% fees, which are the lowest in Australia.
- Free and instant AUD deposits via PayID, POLi & Bank Transfer.
- Lowest trading fees in Australia starting at a low 0.1%.
- Buy and sell over 370 Cryptocurrencies and stake over 20 tokens.
How to buy Bitcoin or Crypto in in Sydney
If you're looking to buy Bitcoin or crypto in Sydney, there are a few things you need to know. Here's a quick guide on the best way to buy crypto in Australia's largest city.
The first thing you need to do is find a reputable exchange. There are a few different exchanges that operate in Australia, and each has its own set of features and benefits.
Best exchanges to buy Bitcoin in Sydney
One of the most popular exchanges is CoinSpot. CoinSpot is a user-friendly exchange that allows you to buy and sell a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple. Another popular option is Binance. Binance is a global exchange that offers a wide range of cryptocurrencies. It also has low transaction fees and a user-friendly interface.
Once you've chosen an exchange, you'll need to create an account and deposit funds. Most exchanges accept payments via bank transfer or credit card. Once your funds have been deposited, you can start buying crypto.
Simply navigate to the exchange's website (example CoinSpot) and search for the cryptocurrency you want to buy. Then, enter the amount you want to purchase and hit "buy". Your order will be filled immediately and you'll receive your crypto in your exchange account.
That's it! Buying crypto in Sydney is easy when you know how. Be sure to do your research and choose an exchange that meets your needs.
Can I Buy Crypto in-person in Sydney?
If you're looking to buy crypto in-person in Sydney, there are a few options available to you. You can find bitcoin ATMs throughout the city, which will allow you to purchase BTC with cash. There are also a number of physical locations where you can buy crypto, such as at local Bitcoin meetups or through online directories like Local Bitcoins.
That said, these methods are inefficient and dangerous. Bitcoin ATMs are notoriously expensive in Sydney and across Australia, and meetups introduce physical risks with a random counterparty. This is why we recommend online exchanges.
Final Thoughts
Buying crypto in Sydney is easy when you know where to look. We recommend using an AUSTRAC-licensed exchange like CoinSpot for fast and secure purchases. With this option, you'll get the lowest fees and easy access to a variety of coins. Be sure to do your research and choose an exchange that meets your needs.
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.
