A smartphone is enough to purchase Bitcoin. You don’t need to have a laptop or a desktop PC to get the job done. This step-by-step guide will show you how to buy Bitcoin from your mobile phone, with a focus on the popular Australian platform CoinJar.
1. Accessing your account
In order to buy Bitcoin (BTC), first of all you need to have a CoinJar account. Read our comprehensive guide on how to setup a Bitcoin account with CoinJar for instructions on how to set up a new account.
CoinJar homepage encourages to proceed installing their app on smartphone, however it is also possible to proceed to a more traditional login page. Their app is available on the Google Play Store for Android devices, as well as on the Apple App Store for those using an iPhone.
2. Depositing funds
From within the CoinJar mobile app, the next step is to have funds available in the CoinJar wallet. If you don’t have any funds available (or not enough for your desired BTC amount), click Deposit from the app main screen (dashboard). You can use different methods for that, for example BPAY (like a utility bill) or PayID from your Australian bank account.
Note: some banks might block transfers related to cryptocurrency purchases.
3. Buying Bitcoin
The last step is to actually purchase Bitcoin using funds in your “Cash Account”. For this, click on “Everyday Bitcoin” from the mobile app dashboard. This also shows previous transactions. Then click on “Buy”.
Alternatively, click on “Convert” from the CoinJar app dashboard. When prompted for “Convert from”, select “Cash Account”; then for “Convert to” select “Everyday Bitcoin”. Enter the desired amount and hit “Next” to proceed.
Bitcoin Mobile Apps
Many platforms in Australia provide apps to buy Bitcoin using your phone, here is a selection of some of the best ones.
CoinJar is one of Australia’s longest running cryptocurrency platforms, offering exchange and hosted wallet services. Both the CoinJar website and iOS and Android mobile apps have excellent design and are easy to use, especially for beginners.
Feel free to read our review of CoinJar for more details.
Swyftx is a Brisbane-based and AUSTRAC-registered Australian crypto currency exchange and trading platform. They have a website optimised for mobile usage, as well as apps available for download on both Android and iOS. Swyftx offers outstanding customer support coupled with low fees, making it appealing for buying cryptos.
Check out our review of Swyftx for more information.
Binance offers one of the largest cryptocurrency exchanges in the world in terms of trading volume. They offer apps for Android and iOS, supporting AUD deposits and withdrawals for personal accounts which are instant and have no fees through PayID/Osko. Thanks to very low fees and advanced features, they are a great choice for trading cryptos.
Read more about Binance in our review of Binance for more details.
Buy Bitcoin with Mobile Recharge
Some providers provide a way to buy Bitcoin with direct peer-to-peer exchange through LocalBitcoins. This may be useful for those countries who buy Bitcoin using their phone bill recharge, we have found the fees to be quite high for these services. If you’re interested, firstly you’ll need a digital wallet to store your Bitcoins. Feel free to read our article featuring some of the best Bitcoin mobile wallets.
As shown in this guide, buying Bitcoin from a mobile phone is pretty straightforward. Exchanges like CoinJar offer a great user experience on the phone with highly rated beginner friendly reviews.
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