Buy Bitcoin (BTC) in Australia
How to buy Bitcoin (BTC)
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 ETFYou can instantly deposit funds into your account 24/7 via PayID. NPP or your Australian bank account.
3. BUY BITCOIN
Low trading feesEnter 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
Lower feesTrading from 0.5% down to 0.02%
24/7 supportOur team of experts are on hand to help with any issue you might have
Voted #1Digital Currency Exchange of the Year 2019-2021
How we treat client assets
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.
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.
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.
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, sell and store Bitcoin (BTC)
Trade Bitcoin (BTC) on your mobile or your desktop.
Available on iOS and Android
Buy and sell Bitcoin (BTC) in seconds, track your portfolio and monitor the crypto market on the go.
AutoTrader and recurring buys
Automate your crypto investments with strategies that allow you to dollar-cost average (DCA), diversify your portfolio and buy or sell on deposit.
Buy and sell limit orders
You have easy and advanced ways to buy and sell crypto. Order types include simple, market, limit and advanced “stop buy” and “stop sell”.
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.