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Everything You Need to Know About Bitcoin in Australia

Bitcoin in Australia is thriving well. Yet, not everyone understands it. Here's the guide to learn what Bitcoin is, and how to get started with.

Posted June 17, 2020

Physical gold Bitcoin and Australia flag
Physical gold Bitcoin and Australia flag

Bitcoin in Australia is already thriving well and inspires a lot of people to join the digital currency revolution. Now, if you have just been finding yourself interested in Bitcoin, and you’re keen to learn how to start with Bitcoin in Australia, you’ve come to the right place!

Here’s the definitive guide for you to learn and understand what is Bitcoin, and how to get started with it.

The logo and icon of Bitcoin (BTC) on transparent background

Everything you need to know about Bitcoin in Australia

What is Bitcoin?

Bitcoin (₿) is a new form of digital currency. It allows its users to make trustless, borderless transactions with high speed and low costs. ⚡

Bitcoin transactions are irreversible and secure — and you don’t need to ask for permission from your bank or government to use it. Bitcoin is a worldwide monetary revolution, unlikely to be stopped.

If you’re keen to learn how to start with Bitcoin in Australia, you’ve come to the right place!

How to start with Bitcoin in Australia?

It’s 2022 and it’s easier than ever to buy Bitcoin in Australia. In our guide today, we’ll run you through all of the basics for getting started — and showcase your best options for entering the world of Bitcoin as a beginner.

To get started, your first point of action is to create a place where you can safely store your Bitcoin (BTC). This is the role of a Bitcoin wallet. If you are unfamiliar with Bitcoin wallets, take a look at our guidance to choose Bitcoin wallet in Australia.

Think of a Bitcoin wallet as an online bank account for your Bitcoin. You store your Australian Dollars in an Australian bank account, and you store your Bitcoin in a Bitcoin wallet.

When you own Bitcoin, you are 100% in control of your money. This is a truly incredible thing — you are now essentially your own bank!

Though with great power comes great responsibility — so it is now up to you to take full responsibility of safeguarding, backing up and storing your digital assets.

The good news is that Bitcoin wallets are incredibly easy to set up – so don’t stress, kick back and follow our guide to learn how to get started in the exciting world of Bitcoin.

Screenshot of Exodus as Bitcoin wallet

What is the best Bitcoin wallet for a starter?

As a Bitcoin beginner, you have many great options for Bitcoin wallets – but if you just want to dive in and toy around with some Bitcoin without having to review every Bitcoin wallet on the market — we would recommend taking a look at Exodus wallet.

Physical gold Bitcoin with Australia’s flag on the background

Exodus is easy to use, has a super sleek UI, is used by millions of Bitcoin users and most importantly is safe if backed up corrected. You can download Exodus on your phone or computer from the official Exodus website, but we would ultimately recommend schooling up on Bitcoin wallets through our Australian Bitcoin wallet guide.

Now that you’re decked out with your sweet new Bitcoin wallet, it’s time to jump in on the action and buy some Bitcoin for yourself!

Read more: Exodus Wallet Review

How to buy Bitcoin in Australia?

To buy Bitcoin in Australia, you need to sign up with a reputable Bitcoin exchange or Bitcoin brokerage.

You have many great options, but look no further! You’ve just found Australia’s safest, fastest and easiest Bitcoin retailer! — Easy Crypto AU.

Easy Crypto Australia is easily your best choice for buying Bitcoin safely in 5 minutes or less.

Easy Crypto AU has some of the cheapest BTC prices in Australia. And all Bitcoin orders are covered by our 100% funds safety guarantee. And, trusted by over 15,000 Australian and New Zealand Bitcoin investors — you can sign up and buy Bitcoin today.

Once you buy your Bitcoin — you can easily track your gains and losses through our free to use, customised Bitcoin investment portfolio tracker!

The display Bitcoin investment portfolio tracker on laptop and mobile

How to buy Bitcoin with Easy Crypto?

Simply go to Easy Crypto Australia website and create a free account, and within minutes you’ll be all ready to buy Bitcoin and get your Bitcoin adventure underway! ₿

That’s all it takes for you to enter the world of cryptocurrency! Sure, from afar, if you listen to mainstream media that dissuade you from purchasing Bitcoin, you might have some reservations about the security and cost of entering the Bitcoin market. However, with the help of an exchange provider like Easy Crypto Australia, the process is smart, simple and safe. Make your bitcoin adventure fun and exciting, just as it should be, Today!

How to make money with Bitcoin?

We can make money with Bitcoin in several different ways for example:

– Buying Bitcoin when the price drops and selling it when it rises
– Buying a little Bitcoin each week and hold it for a long term investment
– Mine Bitcoin
– Leverage Bitcoin
– Buy Assets with Bitcoin
– Long Bitcoin
– Short Bitcoin

These are just some examples of ways to make money from Bitcoin with the most popular being a simple buy and hold method. Purchase Bitcoin and let the constant adoption and improvement of the network give you long term gains due to the exponential growth. You can purchase large amounts straight away or buy incrementally weekly using Easy Crypto’s Auto-Buy feature.

Make sure to follow our Facebook, Twitter, Instagram, and YouTube channel to stay up-to-date with Easy Crypto!

Also, don’t forget to subscribe to our monthly newsletter to have the latest crypto insights, news, and updates delivered to our inbox.

Disclaimer: Information is current as at the date of publication. This is general information only and is not intended to be advice. Crypto is volatile, carries risk and the value can go up and down. Past performance is not an indicator of future returns. Please do your own research.

Last updated October 20, 2022

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