Where to Buy and Sell Bitcoin in Australia

Here are the top most popular and trusted bitcoin exchanges in Australia where you can buy, sell, transfer and invest in bitcoins.

1] CoinBase

About the company: – Founded in June of 2012, CoinBase is an all-inclusive platform to buy, sell and accept bitcoin. Trusted and regulated company in the Australia.

Fees Structure: – 3.99% per purchase.

Payment Method: – CoinBase offers the following payment options; Credit card and Debit card

Pros

High liquidity and buying limits.
Easy way for newcomers to get bitcoins

Cons

Bank transfer can take up to 5 days to complete.
It may track how and where you spend your bitcoins.

2] Buyabitcoin.com.au

About the company: – Buyabitcoin.com.au is a wholly Australian owned and operated company based in the heart of Melbourne.

Fees Structure: – The transaction fee is 4.9% per transaction.

Payment method: – In Australia, the only irreversible payment option is cash.

Pros

Fast delivery of bitcoins within an hour.
It required only mobile number verification.

Cons

High fees buying with cash.

3] LocalBitcoins

About the company: – At LocalBitcoins people from different countries can exchange their local currency to bitcoins. Its site allows users to post advertisement where they state exchange rate and payment methods for buying or selling bitcoins.

Fees Structure: – it’s completely free.

LocalBitcoins users who create advertisements are charged a 1% fee for every completed trade.

Payment method: – Cash deposit

Pros

Private, fast and easy.
Personal information is not required In-person trades.
via cash deposit Purchases of bitcoin can be made quickly.

Cons

Bitcoin Prices are a little bit higher than some of the other options.

4] Coinmama

About the company: – Coinmama offers an easy, fast & secure way of purchasing Bitcoin and Ethereum. With our affiliate program, affiliates earn Bitcoins, while helping us gain new satisfied customers.

Fees Structure: – 6.15% fee on each purchase.

Payment Method: – Coinmama offers the following payment options any credit card or a debit card, Visa or MasterCard. For credit/debit card transactions, the payment processor charges 5.00% additional fee.

Pros

It works in almost all countries.
Highest limits for buying bitcoins with a credit card.
The broker is reliable and trusted.

Cons

Highest fees among credit/debit card bitcoin brokers.

5] CoinJar

About the company: – CoinJar provides simple and easy tools to manage digital currencies.

Fees Structure: – 1% Fee.

Payment Method: – Coinjar offers the following payment option; BPAY

Pros

Low fees at just 1%.
It’s easy for first-time buyers.
It supports several fiat currencies.

Cons

It offers a Bitcoin wallet that should not be used to store bitcoins.

6] Independent Reserve

About the company: – Independent Reserve is founded in 2013 in Sydney, Australia. Where investors, traders and everyday people come to buy and sell Bitcoin and Ether then the Bitcoin and Digital currencies are exchanged.

Fees Structure: – Independent Reserve Fees start at 0.5% but may fall as low as 0.1%, depending on trading volume.

Payment Method: – Independent Reserve offers the following payment options; EFT, SWIFT, POLi, or Crypto Captial.

Pros

Good prices close to market rate.
Fair range of payment methods.
It supports for AUD, NZD, and USD.
Its fees start at 0.5% but may fall as low as 0.1%, depending on trading volume.

Cons

For the first-time buyer’s user interface is confusing.

7] CoinCorner

About the company: – CoinCorner is launched in July 2014. They provide to the users in the UK, Europe, Canada, Australia, and certain African, Asian, and South American countries.

Fees Structure: – 1% trading fee and 5% fee for buying with a credit card

Payment Method: – SEPA, credit/debit card, GBP bank transfer, and now Neteller to.

Pros

Wide range of payment options
Good customer support

Cons

High 5% fee for buying with a credit card.
Requires ID verification, so not private.

8] Bitit

About the company: – Bitit is launched in March 2015. Bitit is Available in more than 50 countries.

Fees Structure: – 8.9% Neosurf fee.

Payment Method: – BITIT offers to Pay with VISA, Mastercard, Maestro, Credit and debit cards and by cash in more than 100.000 Local stores around the world.

Pros

It available in 50 countries.
Gift cards of Bitcoin are also available.

Cons

In-person buying methods offer more privacy but can be confusing.
Identity verification required for buying amounts over €25.

9] Mycelium Local Trader

About the company: – It helps you for searching a local bitcoin seller. When you find a seller, you meet the person and conduct the trade.

Fees Structure: – No fees.

Payment method: – It offers only cash payment.

Pros

An easy way to buy bitcoins with cash.
A private way to buy bitcoins.
Personal information is not required beyond cellphone number.

Cons

Users in sparsely populated areas will have trouble finding sellers

10] VirWoX

About the company: – Technically, VirWoX isn’t even a Bitcoin exchange. It mainly serves as a way for people to buy Second Life Lindens, a currency used in the virtual world Second Life.