Buy Bitcoin with a Credit Card in Australia (2024)

FAQs

Can I buy Bitcoin with a credit card in Australia? ›

Buy Bitcoin and other Cryptocurrencies from Australia

With credit, debit or prepaid card and bank transfer. You can also use Bit2Me to sell and exchange Bitcoin and other cryptocurrencies like Ethereum, Litecoin, Dash, Bitcoin Cash, and many more.

The best place to purchase bitcoin is on a crypto exchange like Cointree. We make it easy to buy bitcoin for the first time. All you need to do is sign up to our exchange website, go through the ID verification steps to confirm your personal details, deposit funds and you'll be ready to make your first purchase.

You can buy coins in many ways, including with a credit card. Make sure you have your credit card number, card verification value, and expiry date if you want to buy Bitcoin with your credit card. You'll have to enter these details on the checkout page of an exchange to get your desired Bitcoin value.

CoinSpot App

CoinSpot is an Australian crypto exchange platform where users can trade over 280 cryptocurrencies. The CoinSpot mobile app offers Australian users a simple way to view and make transactions, see top performers of the day, and send and receive crypto securely via their wallets.

St George Bank

St. George Bank is another bank that we've heard many positive reports on from Australian crypto investors. Like ING, St. George appears to have less restrictions in place for preventing payments to crypto exchanges.

Beginner's Guide to Regulation. Bitcoin is 100% legal in Australia. It's legal to buy, sell, trade, spend, receive, and store.

Coinbase, a globally recognised and publicly traded cryptocurrency exchange, has made the list as a top choice for Australian traders. With over 150 tradable cryptocurrencies, an intuitive interface for beginners and an advanced trade product for experienced users, Coinbase offers a comprehensive trading experience.

Bitcoin ATMs in Australia are mostly found in the country's two biggest cities, Sydney and Melbourne. Brisbane had the third-highest number ATMs closely followed by Perth in August 2024.

How do I cash out my Bitcoin in Australia? ›

There are several ways you can convert your crypto to cash in Australia. You can sell to a cryptocurrency broker, a cryptocurrency exchange, sell via a Bitcoin/ crypto ATM, or sell via peer to peer platforms. Some exchanges offer brokerage services using the” quick sell” option.

While Mastercard and VISA technically allow customers to buy cryptocurrency, most banks that partner with these companies don't allow cryptocurrency purchases via credit cards. At this time, even credit cards issued by cryptocurrency exchanges like Gemini don't allow cryptocurrency purchases.

For starters, major issuers such as Bank of America, Capital One, Citi and Wells Fargo do not permit their credit cards to be used to buy cryptocurrency. Among the credit card issuers that allow crypto purchases, these transactions are typically treated as cash advances, which involve fees and high interest rates.

Then put cash or a credit card in the Bitcoin ATM to buy crypto. After confirming a transaction, bitcoins will be transferred to your crypto wallet or an account on one of the crypto exchanges. Some ATMs also offer to purchase Ripple (XRP), Litecoin (LTC), and other cryptocurrencies, depending on ATM providers.

Beginner's Guide to Regulation. Bitcoin is 100% legal in Australia. It's legal to buy, sell, trade, spend, receive, and store.

Withdrawals from your bitcoin.com.au account are initiated from the Portfolio screen. Funds may be transferred to your bank account, providing the account name matches that of your bitcoin.com.au account. We are unable to transfer funds to a bank account that is held in another person or entity's name.