How to Buy Bitcoin in Australia with a Credit Card
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Do you want to buy Bitcoin with a credit card but don’t know how? We’ve got you covered in this guide!
Legality and access to buy Bitcoin with a Credit Card in Australia
Although it is legal to buy Bitcoin in Australia, it’s important to know that many Australian credit card companies and banks may not accept cryptocurrency purchases and they may block them all together. As we have seen the Commonwealth Bank Blocks Credit Card Purchases Of Virtual Currencies in early 2018. If they don’t block it, some banks may even process cryptocurrency purchases as cash advances which command higher fees.
Before you start
- Check your credit card company accepts cryptocurrency purchases
- Check any potential fees that may be applied for using a credit card
- Setup a BTC wallet to hold your Bitcoin (if you don’t already have one)
Steps to Buy Bitcoin With a Credit Card
This is how you can buy BTC from them using your credit card or debit card in Australia.
- Sign up for a Easy Crypto AU Account
In just a few clicks, you can Sign up to Easy Crypto and create your account. You should get a confirmation link to your email once you’ve registered.
- Get Verified for Bitcoin Purchase
Before you can buy BTC with a credit or debit card, you’ll need to verify your account. How? Simply upload your passport, drivers licence, or other ID documents. Once approved and cleared, you are free to buy Bitcoins up to 6,000 AUD per day with your credit/debit card.
- Purchase Bitcoin with Your Card
Lastly, just log into your Easy Crypto account, enter your desired BTC wallet address, select Credit Card, submit the form (through 3rd party payment provider Indacoin), and voila! Your Bitcoin will be delivered within a few minutes.
Click the link for a comprehensive breakdown of how to buy Bitcoin in Australia.
About Easy Crypto AU
Easy Crypto was originally started in New Zealand, and now has expanded into Australia. They are one of the safest options as they do not hold your cryptocurrencies for you – they send it straight to your external wallet. You can buy 35+ different cryptocurrencies including Bitcoin.
What are the Benefits of Easy Crypto?
- They accept credit or debit card
- Receive your coins to your external wallet within minutes
- You can buy up to $6,000 AUD per day with your credit card
- You can buy other cryptocurrencies such as Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB), Chainlink (LINK) and more with your credit card
Buy Bitcoin With a Debit Card
Don’t have a credit card? No problem! You can also buy Bitcoin with a debit card. Easy Crypto currently accepts payments via Visa and Mastercard. (Please note that American Express, Discover, and PayPal are currently not accepted) Regardless of the method you choose, you must be the card-owner. After your account is verified and a purchase is made, you will receive your Bitcoin within minutes.
Disclaimer: Please note that Crypto news does not endorse any of the options above, it is provided as information only. Please seek professional financial advice before investing in Cryptocurrencies.