Buy Bitcoin

The king of the cryptocurrency world, Bitcoin is often referred to as digital gold due to its scarcity and value. Its creator embedded a limit on the number of coins that can be mined in the blockchain, creating a finite asset. This also helps control inflation and creates a stable value for the coin.

Bitcoin is a high-risk investment and should only be traded with funds that you can afford to lose. Cryptocurrency trading is not regulated in Australia, so it’s important to do your research and find a trusted broker or exchange. It’s also important to consider your tax situation, as profits from the sale of cryptocurrency can be taxable in some countries. More info https://theinvestorscentre.com/au/crypto/buy-bitcoin-australia/

Most crypto exchanges accept AUD payments through a variety of methods, including credit and debit cards, Apple Pay and Google Pay. They will typically ask you to verify your identity through Know Your Customer protocols. This is to ensure that the exchange is complying with anti-money laundering and counter terrorism financing regulations.

Top Forex Brokers for Australian Traders: Low Spreads, High Trust

Some exchanges have different fees for buying and selling, so it’s important to find one that suits your needs. For example, some have a spread between the buy and sell price, while others have a flat fee per trade. You should also consider the security of the exchange. Make sure it’s registered with AUSTRAC, has a good reputation and offers multiple ways to contact customer support. Some exchanges even offer two-factor authentication and cold wallet storage.