Buy Bitcoin (BTC) in Australia

Bitcoin Price

1 BTC / AUD 32,694 .97
+0.47%
Aud Australian Dollar
Btc Bitcoin

How to buy Bitcoin (BTC)

Register, deposit and trade in 5 minutes.
  • 1. CREATE ACCOUNT

    It’s FREE to join!

    Sign up is fast, secure and designed to keep your data protected.
  • 2. DEPOSIT FUNDS

    PayID, NPP or ETF

    You can instantly deposit funds into your account 24/7 via PayID. NPP or your Australian bank account.
  • 3. BUY BITCOIN

    Low trading fees

    Enter the dollar amount you want to trade for Bitcoin (BTC) and click “Buy”.

What is Bitcoin?

Bitcoin is the original cryptocurrency and the first real-world application of blockchain technology. Its decentralised payment system allows people to send money to each other online without going through a third party. Instead of relying on a bank to authorise payments, Bitcoin uses cryptography to process secure transactions on the blockchain. The protocol operates using open-source software and runs across a peer-to-peer network of computers.

A revolutionary innovation in economics

Bitcoin was born in the wake of the 2008 financial crisis. It presented a new form of money. Bitcoin’s creator, Satoshi Nakamoto, sought to address flaws in the current financial system and offered Bitcoin as a solution. By removing the middleman, Bitcoin was able to solve one key issue: trust. To do this, Bitcoin introduced the first consensus mechanism called proof-of-work (PoW).

Bitcoin transforms money. Just as email changed how we send letters, Bitcoin has changed how we send transactions online. Countries around the world are adopting Bitcoin as legal tender and it has even become an official currency in El Salvador and the Central African Republic. Bitcoin’s blockchain has provided the technology for many other cryptocurrencies to exist which has evolved into a multi-trillion-dollar industry.

Bitcoin is #1

Bitcoin’s market cap accounts for roughly half of the entire crypto market. It is disinflationary by design with a fixed maximum supply of 21 million Bitcoin. More than ninety percent of all Bitcoins have already been mined, with the remainder likely to be minted by 2140, after which no more will ever be created.

For a deeper understanding of the concepts behind Bitcoin, download the ebook The People’s Money - Bitcoin, written by Independent Reserve’s co-founder Adam Tepper.

Buy Bitcoin (BTC) on the go

Buy and sell Bitcoin (BTC) and other popular cryptocurrencies anywhere, anytime with the Independent Reserve app.

Frequently asked questions

The best place to buy Bitcoin (BTC) in Australia

See why we are voted Australia’s best cryptocurrency exchange
  • Lower fees

    Lower fees

    Trading from 0.5% down to 0.02%
  • 24/7 support

    24/7 support

    Our team of experts are on hand to help with any issue you might have
  • Voted #1

    Voted #1

    Digital Currency Exchange of the Year 2019-2021

How we treat client assets

No commingling of customer funds: We keep client assets completely separate from our own.
1:1 reserves

1:1 reserves

We keep 1-to-1 reserves of all client fiat and crypto assets.

We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.

Audited

Audited

Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.

Segregated funds

Segregated funds

We maintain complete segregation of our customers’ crypto and fiat assets. We ensure that your funds are kept safe so that when you need to make a withdrawal, you can. That is our promise.

Sole custodian

Sole custodian

Independent Reserve is a sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.

We adhere to industry best practices and never lend, trade or reinvest your assets.

Explore our features

Buy Bitcoin with your SMSF

We are trusted by thousands of SMSFs to purchase crypto. We provide:

  • A streamlined banking solution
  • Compliant, audit-friendly reporting
  • Premium grade security
  • OTC trading desk

Buy Bitcoin with your SMSF Learn more

Bitcoin (BTC) OTC desk

Our over-the-counter (OTC) trading desk offers deeper liquidity and a private, more personalised service for institutional investors and high-net-worth individuals who need to fill large orders that might be too price-disruptive on open markets at exchanges.

Whether you are looking to trade Bitcoin (BTC) or other cryptocurrencies OTC from $50,000 to $50 million, our industry-leading desk will provide you with seamless trade execution and settlement services that are discreet, secure and ultra-competitive.

Get started today

Register, deposit and trade in 5 minutes.

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