How to buy bitcoin in Australia aimed at beginners so how do you purchase bitcoin you purchase bitcoin through a third-party exchange .


how to buy bitcoin in australia aimed at beginners
how to buy bitcoin in australia aimed at beginners 


How to buy cryptocurrency in australia :

There's hundreds of these exchanges but the one i use is called btc markets i started using this exchange as it had great reviews it's based in Australia and as low fees compared to the other exchanges i looked at i think each transaction costs around 0.8 percent something like that.
You go to the exchange and you buy a bitcoin with your Australian dollars one bitcoin at the time of making this video costs around eight thousand us dollars or eleven thousand Australian dollars it's also worth mentioning that you don't have to buy one whole vehicle and you can buy a fraction of a bitcoin so if you want to invest 110 ozzie dollars you will get around 0.01 bit one so first off.

How to buy crypto in australia a new account :

Go to btc markets dot net and creates a new account they will ask you for your email address and our password so put that in greets of the terms and conditions click i'm not a robot and click the sign up button i'm not going to do this because i'm already signed up once you're logged in you will need to verify your account so click on the account up here id verification .

Your page won't look like this because my account is already fully verified to make deposits and withdrawals but there'll be a button saying verify account or something like that for the exchange to transact for you legally they have to abide by a bunch of rules so the verification process is a little bit lengthy from memory you have to provide driving license details and maybe a utility bill or a bank statement which shows your address once your account is verified come up here and click on account and your pager looks something like this.

How to buy bitcoin anonymously australia email address:

So you can see I've verified my email address complete my profile verified my identity and added my mobile phone number and highly recommend enabling two-factor authentication just to add that extra layer of security to your account so if someone actually hacks into your email address and somehow managed to get your email and email address and password and all that kind of stuff they still won't be i get in here .

 Because you've enabled two-factor authentication it's like a double security thing where you actually need your mobile phone which will provide a random code every 30 seconds or so and you have to input that when you're logging in so i would highly recommend that for anything you're doing encrypt i really . 

Best way to buy bitcoin in australia deposit :

So the next thing to do under your accounts section is click the button that says deposit ozzy dollars then you scroll down and you can actually make a deposit with be paid straight from your bank account this will normally take a couple of days for the money to be credited to your account i prefer using poly payments it seems much faster it says one to two business days but for me it's normally been around 30 minutes i don't think has ever been longer than a couple of hours.

So if you haven't used poly before it essentially uses your online banking from within btc markets so you will need to insert your online banking details just like you would in your online banking platform and you can see it supports a lot of a major banks up here so i'm actually going to make a deposit today of 2000 Australian dollars and i'm going to be purchasing some bitcoin .

Buy cryptocurrency australia banking details :

So i'm just going to pause the video there while i insert all my banking details and i'll be back when it's done so that's done and you get taken back to your account page give it a little while for the money to come through and it will appear here so i'm just going to pause the video until that comes through okay.


 So spin around 45 minutes a little bit longer than normal but still pretty good and you can see I've got balance in Australian dollars of a thousand nine hundred and ninety six dollars and seventy cents three dollars thirty taken off her face so now let's buy some bitcoin so come up here and click buy sell and this is the bitcoin exchange within btc markets so you can see that we are in the bitcoin exchange we are buying btc with our aussie dollars.

How do i buy bitcoin in australia cheapest price :

So what we've got down here are all the sell orders and all the buy orders so we want to buy a bitcoin so this top one here is essentially the cheapest price that someone is willing to sell their bitcoin for this is the amount of bitcoin they've got to sell and this is its total value in aussie dollars we want to buy a little bit more than that so we're gonna have to do this one here looks pretty good we want to buy.

So you kind of have to just play around with this number until you get it so how much you want to actually buy i'm not going to use all my dollars because i want to buy a bit of aetherium as well after this but i think that's pretty good so we're gonna be buying that much bit clip so my computer just crashed in the middle of that cell and didn't matter i got to click buy and as you can see here this is now my available dollars and i've actually got this much bitcoin now .

How do you buy bitcoin in australia account page :  

So all you missed there was me basically clicking the buy button so if we go back to the account page you can see again $69 and 71 cents available which i'm going to buy a bit of a theorem with and i've got 0.175 bic one now i wouldn't leave your bitcoin in here for too long move it over to your own cryptocurrency wallet .

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