Buy Bitcoin in Australia

While it’s still rare to find retailers that accept Bitcoin as payment, with CoinJar Card you can use the Bitcoin in your CoinJar account (or any of the other 50+ cryptos we offer) to make purchases anywhere that Mastercard is accepted.

The safest way to Buy Bitcoin is through a trusted exchange with a proven track record. CoinJar is Australia’s longest-running crypto exchange and has been operating since 2013 with no unplanned downtime, security breaches or loss of customer funds. We are registered with AUSTRAC and the FCA UK (for AML purposes) and work with some of the world’s largest payment providers, including Mastercard, Visa, Apple Pay and Google Pay.

Yes – with CoinJar Instant Buy you can buy BTC using any Australian-issued Visa or Mastercard. We also offer support for Apple Pay and Google Pay.

Yes, you can buy less than 1 Bitcoin. Bitcoin is denominated to 8 decimal places, with the smallest denomination being known as a ‘satoshi’ or sat. On CoinJar you can start buying Bitcoin with as little as $20.

The price of Bitcoin in AUD is determined by the international Bitcoin market – basically, the price to be found on cryptocurrency exchanges in Australia and all around the world. These prices tend to be the same (or very close) because any differences are smoothed out by arbitrage traders that buy at one exchange and sell at another.

The best way to buy Bitcoin in Australia is through an exchange like CoinJar. We offer accurate prices, low fees and an easy-to-use, ultra-secure app.

Bitcoin forks occur when a group of miners decide to split from the main chain by adopting a particular change to the network and causing a new blockchain to come into existence. There are a number of Bitcoin forks that split off the main chain and became independent currencies. These include Bitcoin Cash (BCH), Bitcoin Satoshi’s Vision (BSV), Bitcoin Diamond (BTCD) and Bitcoin Gold (BTCG). Always make sure when you’re buying Bitcoin, you’re buying coins on the original chain.

Bitcoin is popular both because it was the first crypto in existence (so it’s had more time to develop market share) and also because it’s considered the purest cryptocurrency – no fundamental changes to its code have ever been made and no central body controls it.

Some people argue that Bitcoin shares traits with gold – it’s a tradeable asset defined by its scarcity, finite supply and the difficulty of creating it. However, while gold is quite difficult to trade and own due to its weight and the need to physically transport it, Bitcoin can be traded and transported anywhere in the world at the click of a button.

Bitcoin is the best performing asset over the last decade, growing by more than 300,000%. While the price of Bitcoin is famously volatile and capable of going up and down rapidly, the long-term uptrend has been remarkably stable.

It takes around 5 minutes to create a new CoinJar account and verify your ID. Once you’re verified you can deposit cash, buy and sell crypto and activate your CoinJar Card.