Bitcoin ATM in Australia: What, Where, & How to Use

These days, Bitcoin ATM is easily found in Australia. Over the past years, their numbers continue to grow. One by one Bitcoin ATM has popped up in some areas. And that is great news since the number of people who buy Bitcoin is increasing as well in Australia.

But the existence of the Bitcoin ATM is still surrounded by confusion and a lot of questions by many people in Australia. Most of them still have no idea what a Bitcoin ATM is, what it looks like, how to use it, and where they can find them.

Luckily for you, today we’re going to talk about Bitcoin ATM in Australia. Let’s start with the basics.

What is a Bitcoin ATM?

Bitcoin ATMs are ATMs as we know them but designed to sell Bitcoin (BTC) to users in fiat currency, thus serving as an alternative to people who are not familiar with exchange platforms. Most of these Bitcoin ATMs in Australia have the option of both buying and selling Bitcoin, which is very useful among customers.

These devices have a friendly and intuitive interface, which makes buying and selling Bitcoin using them, simple.

The procedure for purchasing Bitcoin at these ATMs should be as familiar as standard ATMs so users of different ages and generations are able to transact. There are different models but they all work the same and each process is indicated when interacting with the device.

How to buy Bitcoin in Australia with Bitcoin ATM?

As we have previously mentioned, the process to buy BTC through a Bitcoin ATM is simple and almost anyone can do it. Unlike buying cryptocurrencies on an exchange platform, these Bitcoin ATMs allow you to buy with fiat currency in cash without having to enter the market to do so.

However, we have to highlight that the commissions when making an exchange with these devices is approximately 5% more expensive than the original market prices. This make a Bitcoin ATM not the best instrument for acquiring lots of Bitcoins, but it will serve to make people aware of it.

Make sure you use a crisp note so it goes in nicely and enter the exact amount. In most cases, the minimum purchase is equivalent to 5 AUD, although it may vary depending on the type of Bitcoin ATM and the place where it is located.

How to withdraw cash from a Bitcoin ATM?

Just as you can buy Bitcoin in Australia by using a Bitcoin ATM, you can sell Bitcoin as well and receive cash in return. This procedure is as simple as purchasing.

1. Provide the account
   First, you will have to enter your Bitcoin ATM account, locate the “Withdraw Cash” option and press it.
   
2. Specify the amount
   Specify exactly the amount of cash you want to receive in exchange for your Bitcoin.
   
3. Receive QR code
   The device will provide you with a QR code with a Bitcoin address. This address must be used to send the equivalent in tokens that you wish to withdraw.
   
4. Collect your cash
   After 30 minutes (waiting time to receive the necessary block confirmations) your transaction will be recognized by the Bitcoin network and you can collect your cash.

The purchase limit per person is the equivalent of USD 3,500, making it impossible to buy or sell a full Bitcoin token in its current price with these Bitcoin ATMs.

However, you can periodically buy if you intend to collect multiple tokens and save them for the long term. It should be noted that the limit will vary on almost every Bitcoin ATM.

Just like buying Bitcoin, exchanging them for cash charges a commission that will be deducted from the total balance. This fee can range from 5% to 10% depending on the device in use. Generally, there is also a cash withdrawal minimum limit and it is the same as the purchase minimum limit of $5 AUD.

Where to find Bitcoin ATMs in Australia?

Bitcoin ATMs have been popping up all over the world for the past 10 years, especially in first world countries. Naturally, people have gotten used to it and it is more and more common to see someone owning a bit of Bitcoin than ever before.

In Australia, there are a good number of these devices and they are distributed throughout the cities, so here is a small list in case one of them is near your location.

Bitcoin ATM In Brisbane

Phoenix Rising Cafe BTC ATM

1. SkyHook BTC ATM.
2. Fiat to Bitcoin only.
3. 7 days a week from 10:00 am to 6:00 pm.
4. Phoenix Rising Cafe, Lot 9 No2 Blue Knob Road, Nimbin NSW 2480.

Air Mobiles Bitcoin ATM

1. Lamassu.
2. Fiat to Bitcoin only.
3. 9 AM to 5:30 PM weekdays with late-night availability on Thursdays until 9 PM. Weekend hours 10:00 AM to 4:00 PM.
4. Shop 94 Grand Plaza Shopping Centre, 65-85 Browns Plains Road, Browns Plains QLD 4118.

Quickbit Bitcoin Exchange Bitcoin ATM Sunshine Coast

1. Lamassu
2. Fiat to Bitcoin only
3. Tuesday to Saturday 8:00 AM to 4:00 PM
4. 2/39 Brisbane Road, Mooloolaba, Sunshine Coast Queensland 4557

Bitcoin ATM In Sydney

Haymarket City Convenience Bitcoin ATM

1. Lamassu
2. Fiat to Bitcoin only
3. 24/7
4. 86 Liverpool Street, Sydney NSW 2000

Wynyard Circular Quay City Convenience Bitcoin ATM

1. Lamassu
2. Fiat to Bitcoin only
3. 24/7
4. 234 George St, Sydney NSW 2000

Lucky 7 Crystal Minimart Bitcoin ATM

1. Genesis Coin
2. Bidirectional Buy and Sell
3. 6:00 AM to midnight
4. 22 Crystal Street, Waterloo, Sydney NSW 2017

Bitcoin ATM In Melbourne

Gorilla Direct Bitcoin ATM Richmond

1. Lamassu
2. Bidirectional Buy and Sell
3. Monday to Friday 10:00 AM to 5:00 PM
4. Level 1, 2/4 Bridge Road, Richmond VIC 3121

Macaulay Cleanskins Wine Bitcoin ATM Melbourne

1. General Bytes
2. Fiat to Bitcoin only
3. 12:00 PM to 10:30 PM
4. Address: 478 Macaulay Road, Kensington VIC 3031

The Mainchain Bitcoin ATM Melbourne

1. General Bytes
2. Fiat to Bitcoin only
3. 24 hours, 7 days
4. 160 Swanston Street Melbourne CBD, 3000

The alternative and faster way to buy Bitcoin online

As practical and easy as it can be to use a Bitcoin ATM in Australia, there are other, simpler, cheaper alternatives that do not require you to go outside, for example; a local exchange platform.

Easy Crypto is the perfect example of a cryptocurrency exchange platform in Australia, allowing you to acquire over 20 cryptocurrencies using AUD. You can pay through bank transfer or POLi Payments and the commission (expressed as spreads) are far less aggressive than those charged at Bitcoin ATMs.

To use the Easy Crypto service, you must register on the platform, complete the KYC procedure to verify yourself as an official member and you can start exchanging cryptocurrencies to your liking.

Feeling interested in purchasing Bitcoin now? Do not hesitate to contact Easy Crypto team for more information about buying Bitcoin or any other cryptocurrency in Australia.

We’re happy to help 🙂