What makes Changelly the easiest way to purchase Bitcoin and other digital currencies? Our partners – MoonPay, Banxa, Simplex, and Indacoin – offer you low trading fees, various rates and payment options; among them are credit and debit cards – Visa, MasterCard, bank wires, or Apple Pay.
With us, buying BTC is fast and straightforward:
What Is Bitcoin?
Bitcoin is a digital currency that adopted a peer-to-peer technology to operate without a central authority. Users can easily buy the cryptocurrency on most exchanges and then send Bitcoin to peers without any intermediaries.
Today, BTC has become a valuable investment asset. That’s why many Bitcoin buyers start trading it via Bitcoin exchanges, which contributes to its high liquidity. Although the coin’s market value keeps increasing annually, it’s a highly volatile asset. That’s why traders should always consider the market risk before investing in BTC.
Is Bitcoin legal in Australia?
Australia is quite progressive concerning the legal acceptance of Bitcoin. The Australian Transaction Reports and Analysis Centre is a government financial intelligence agency that is monitoring financial transactions to identify money laundering and other financial crimes. Moreover, Australia is fintech-friendly, so there is no doubt that all the operations with cryptocurrencies are one hundred percent legal.
Can foreigners buy Bitcoin in Australia?
Residents from all around the world, including those from EU countries, can use Changelly for an instant buy of Bitcoin and other cryptocurrencies.
How is the price of Bitcoin determined?
The price of Bitcoin depends on numerous factors, the major ones being its supply and demand. Since the supply of Bitcoin is limited, the price rises with an increase of circulating supply. What’s more, the more buyers enter the market, the higher the coin’s value is. Besides these factors, the price also depends on the market sentiment and governmental regulation.
Can I buy less than 1 Bitcoin?
Yes, you can buy less than one Bitcoin. A minimum deposit varies for different cryptocurrency exchanges. Changelly, for example, allows you to make a minimum deposit of 30 AUD to buy approximately 0.00030151 BTC. Maximum limits aren’t set up.
What are the taxes to buy Bitcoin?
In Australia, all cryptocurrencies, as well as BTC, are treated as property and subject to Capital Gains Tax.
Where can I store Bitcoin?
Those who trade cryptocurrencies often prefer to hold their crypto funds on a Bitcoin exchange. However, it’s not as safe as a crypto wallet, where you can transfer your coins at any time. If you need any help, you can ask our customer service team.
Which Bitcoin wallet can I use in Australia?
It’s best to store BTC on an external wallet. The most secure ones are hardware wallets that aren’t always connected to the internet and, therefore, ensure your private keys aren’t subject to cyberattacks. The best options are Ledger Nano X or Cryptosteel Cassette. You can receive Bitcoins in these wallets quickly and easily.
Who accepts Bitcoin in Australia?
Bitcoin is approaching wider adoption in Australia. You can find numerous stores, not just a single service provider, that accept virtual cryptocurrency as a payment for goods and services. For example, there is even an online crypto marketplace, which is similar to eBay or Amazon.
How to cash out Bitcoin in Australia?
To receive fiat funds for Bitcoin, you can either exchange the crypto to AUD or cash out via a Bitcoin ATM. Selling Bitcoin is easy: you need to specify the amount for the transaction, provide your wallet address, banking details, and wait for the transfer to be completed.