Buy Bitcoin (BTC)

What is Bitcoin?

Bitcoin is the world’s first decentralised digital currency with no central bank, authority or administrator that controls or approves transactions. Bitcoin is securely stored and exchanged through a digital ledger that is otherwise known as a Blockchain.

The genesis of Bitcoin dates back to October 31, 2008, when an individual or group of individuals acting under the pseudonym “Satoshi Nakamoto” published the Bitcoin whitepaper. Bitcoins are divisible into smaller units called ‘Satoshis’, similar to the way a dollar is divisible into cents. However, each Satoshi is worth 0.00000001 Bitcoin.

If you are new to crypto and thinking about buying Bitcoin, make sure you consider the following:

You can use PayID and NPP to transfer funds immediately. Banks take a day or two. Australian bank transfers over $100 AUD are free. SWIFT transactions over $5,000 AUD are free internationally.
We can manage all your crypto in one account if you want. If you prefer, you can manage all of the security yourself. Cryptocurrency gives YOU control.
Whilst Bitcoin is popular, and has increased in value over the last few years, it can still go up and down in value on a daily basis.
Like any investment, never put in more than you can afford to lose. Do your own research and speak to your financial advisor.

Bitcoin has been around since 2009, just four years before we founded Independent Reserve. Why has it become so popular in the last few years? Here are some of the reasons why our customers like Bitcoin:

It is a fast and cheap way to move funds around the world.
As an investment it has grown in value over a long period of time
It’s price can move quickly so there are lots of opportunities to trade
Some people think Bitcoin could eventually be a truly global currency
It can be a more stable asset when the economy is uncertain

Bitcoin is a digital currency but there are many different digital currencies, why is it so different to other digital currencies?

It can be a ‘store of value’ similar to gold because enough people agree on its value
It can be a ‘unit of account’ like cash because you can use it to price an object like a coffee.
It was not created by a government or company. It was created by an unidentified person known as Satoshi Nakamoto
Bitcoin can be transferred direct from person to person without the need for a bank
It relies on blockchain technology to track the balance of accounts globally
There is a limit of 21 million Bitcoins. It becomes more scarce over time.