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  • bitcoin
    BTC$48,226.08-1.90%
  • ethereum
    ETH$3,191.74-5.96%
  • cardano
    ADA$1.44-5.39%
  • ripple
    XRP$0.818-2.89%
  • dogecoin
    DOGE$0.187-1.44%
  • Bitcoin(BTC)
    $48,226.08 -1.90%(24H Vol)
    $41,517,437,931.17
    Ethereum(ETH)
    $3,191.74 -5.96%(24H Vol)
    $33,789,940,270.48
    Tether(USDT)
    $1.42 1.79%(24H Vol)
    $96,985,190,354.13
    USD Coin(USDC)
    $1.41 1.21%(24H Vol)
    $7,692,767,596.99
    Cardano(ADA)
    $1.44 -5.39%(24H Vol)
    $3,440,336,031.53
    XRP(XRP)
    $0.818 -2.89%(24H Vol)
    $4,143,744,482.43
    Polkadot(DOT)
    $23.92 -4.89%(24H Vol)
    $2,349,265,248.57
    Dogecoin(DOGE)
    $0.187 -1.44%(24H Vol)
    $1,909,608,515.96
    Cosmos(ATOM)
    $48.19 6.87%(24H Vol)
    $3,909,749,478.30
    Wrapped Bitcoin(WBTC)
    $47,912.06 -2.59%(24H Vol)
    $839,187,380.77
    Dai(DAI)
    $1.40 0.370%(24H Vol)
    $749,343,170.06
    Litecoin(LTC)
    $145.26 -2.71%(24H Vol)
    $1,776,291,480.69
    Chainlink(LINK)
    $20.40 -6.37%(24H Vol)
    $1,859,963,608.09
    Algorand(ALGO)
    $1.24 -6.46%(24H Vol)
    $380,812,445.74
    TRON(TRX)
    $0.075 -3.66%(24H Vol)
    $1,791,960,085.97
    Bitcoin Cash(BCH)
    $387.15 -3.53%(24H Vol)
    $2,316,810,212.80
    Uniswap(UNI)
    $14.32 -7.97%(24H Vol)
    $476,084,830.71
    Stellar(XLM)
    $0.257 -4.14%(24H Vol)
    $628,620,156.18
    Ethereum Classic(ETC)
    $32.48 -3.72%(24H Vol)
    $747,739,019.80
    Filecoin(FIL)
    $25.26 -5.18%(24H Vol)
    $757,108,507.61
    Monero(XMR)
    $199.68 -4.97%(24H Vol)
    $232,672,705.84
    Decentraland(MANA)
    $2.65 -6.84%(24H Vol)
    $636,815,767.16
    BitTorrent(BTT)
    $0.0037 -0.08%(24H Vol)
    $1,453,749.74
    Tezos(XTZ)
    $3.84 -8.14%(24H Vol)
    $222,008,884.85
    EOS(EOS)
    $2.94 -4.05%(24H Vol)
    $875,391,289.12
    IOTA(MIOTA)
    $1.03 -6.85%(24H Vol)
    $79,556,777.61
    The Graph(GRT)
    $0.520 -9.09%(24H Vol)
    $172,964,839.33
    Aave(AAVE)
    $196.34 -7.12%(24H Vol)
    $378,689,180.49
    Bitcoin SV(BSV)
    $126.56 2.73%(24H Vol)
    $401,723,644.03
    Maker(MKR)
    $2,461.91 -3.25%(24H Vol)
    $114,343,116.25
    NEO(NEO)
    $24.15 -3.84%(24H Vol)
    $193,988,819.16
    Zcash(ZEC)
    $123.84 -3.71%(24H Vol)
    $365,292,736.44
    Pax Dollar(USDP)
    $1.41 1.11%(24H Vol)
    $17,506,788.96
    Basic Attention Token(BAT)
    $0.970 -4.30%(24H Vol)
    $205,693,827.56
    Loopring(LRC)
    $1.09 -0.96%(24H Vol)
    $447,961,642.92
    Dash(DASH)
    $119.54 -10.43%(24H Vol)
    $465,515,097.61
    NEM(XEM)
    $0.131 -1.43%(24H Vol)
    $45,845,417.02
    Waves(WAVES)
    $11.32 -10.05%(24H Vol)
    $138,608,809.01
    yearn.finance(YFI)
    $31,790.64 -4.30%(24H Vol)
    $294,477,631.06
    Decred(DCR)
    $74.25 -4.58%(24H Vol)
    $8,525,070.75
    OMG Network(OMG)
    $5.48 -7.79%(24H Vol)
    $487,944,440.60
    Qtum(QTUM)
    $7.33 -6.76%(24H Vol)
    $191,559,760.56
    Bancor Network Token(BNT)
    $3.06 -5.58%(24H Vol)
    $62,250,629.20
    Bitcoin Gold(BTG)
    $37.93 -5.68%(24H Vol)
    $28,141,836.76
    Kava(KAVA)
    $4.23 -7.66%(24H Vol)
    $95,750,736.53
    ICON(ICX)
    $0.878 -9.43%(24H Vol)
    $71,458,555.30
    Siacoin(SC)
    $0.012 -7.66%(24H Vol)
    $31,040,642.61
    0x(ZRX)
    $0.671 -10.07%(24H Vol)
    $75,074,403.50
    PAX Gold(PAXG)
    $2,570.90 0.190%(24H Vol)
    $28,814,835.87
    Nano(XNO)
    $3.22 6.02%(24H Vol)
    $160,260,386.70
    NuCypher(NU)
    $0.588 -7.97%(24H Vol)
    $27,355,701.62
    REN(REN)
    $0.367 -10.74%(24H Vol)
    $74,562,893.53
    Lisk(LSK)
    $2.19 -4.15%(24H Vol)
    $7,563,184.09
    Fetch.ai(FET)
    $0.423 -14.05%(24H Vol)
    $38,424,958.64
    Aragon(ANT)
    $6.82 11.00%(24H Vol)
    $89,573,631.59
    Kyber Network Crystal(KNC)
    $2.01 1.08%(24H Vol)
    $17,490,486.11
    Storj(STORJ)
    $1.38 -5.04%(24H Vol)
    $51,683,164.07
    Civic(CVC)
    $0.282 -7.32%(24H Vol)
    $70,204,184.42
    Band Protocol(BAND)
    $4.48 -7.78%(24H Vol)
    $31,494,138.63
    Orchid Protocol(OXT)
    $0.301 -7.53%(24H Vol)
    $14,924,563.63
    Numeraire(NMR)
    $27.83 -8.96%(24H Vol)
    $14,843,406.64
    Enzyme(MLN)
    $75.67 -1.86%(24H Vol)
    $22,839,987.67

    How Do You Buy Bitcoin?

    As the leading cryptocurrency, Bitcoin is the most valuable alternative to fiat currency. Various businesses are already accepting Bitcoin for payments. It also works as an asset with potential gains. For these reasons, you might be flirting with the thought of can I buy Bitcoin. 

    Here is all to know about how to buy Bitcoin. 

    Steps on how to buy a Bitcoin

    Now that you have the basic information on Bitcoin, the next concern is how do you buy Bitcoin. Here are the four steps to purchasing Bitcoin. 

    1. Choose a crypto exchange. 

    The first step to accessing the token is by finding where to buy Bitcoin. A crypto exchange supports exchanging fiat currencies for digital currencies. With hundreds of crypto exchanges available, take time to decide on the best option. Look for an exchange that offers security and low fees. The exchange should also have an inbuilt wallet to store the Bitcoin you purchase. 

    Our top exchange is CoinSpot, Australia’s largest crypto exchange. You can also take a look at our list of exchange options here.

    2. Select a payment option

    Once you have selected the crypto exchange, the next step is to verify your details then fund it. The money you top up on the exchange is what you will use to buy Bitcoin. The various exchanges support payment options like bank wire transfers and Paypal. For those thinking, how do I buy Bitcoin with credit cards? You can use them in crypto exchanges. 

    Select the most affordable payment option, which in most cases is the bank transfer. However this can take up to 3-5 business days. Most Australian exchanges will also offer a POLi deposit option which means you can transfer from your bank account to an exchange almost instantly. 

    3. Place an order 

    Once you have funded your account, you are ready to buy Bitcoin. Depending on the crypto exchange, you can either choose Bitcoin from the list of assets or tap a dedicated button. You then key in the amount you wish to spend buying the crypto. 

    Buy Bitcoin gif

    Wait for the transaction to complete to own your portion of Bitcoin. Even though Bitcoin is highly valued, you can purchase even a fraction of it, depending on your budget. 

    4. Safe storage 

    Now that you have your Bitcoin, to keep owning them you must ensure proper storage. While most crypto exchanges provide in-platform wallets, they’re not always the most reliable due to the susceptibility to hacking. It’s best to do your research before and review the range of options, although it is widely accepted that you should keep long-term holdings in a cold storage wallet, such as Nano Ledger or Trezor.

    Alternative ways to buy Bitcoin 

    Other than crypto exchanges, there are different ways to buy Bitcoin, such as;

    • Traditional stockbrokers – while conventional stockbrokers are popular for stocks trading, they are embracing Bitcoin. Robinhood, eToro, and TradeStation are some of the traditional stockbrokers that support Bitcoin buying and selling. Even banks like the Commonwealth Bank of Australia now support cryptocurrency trading.
    • Bitcoin ATMs – these operate like cash ATMs, except you buy or sell Bitcoin. There are several Bitcoin ATMs in all the major cities in Australia. 
    • Peer to peer Bitcoin owners – the other option is to buy Bitcoin from other Bitcoin holders. You send one money, and in turn, they send you the token. Stay very careful when using this option, as there is the likelihood of scams. There are some dedicated sites such as localbitcoin or localcrypto that help match sellers and buyers.

    Should you buy Bitcoin? 

    Every time Bitcoin prices rise, people also want to buy it. However, while it is a sound investment, you have to understand the various market dynamics. Understand the volatility, demand, and supply, and other market changes factors. 

    Consult widely if unsure of anything for the safety of your investments. 

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