What is the cheapest way to buy bitcoin in Australia?

7 answers

• Nilsson MeyerOct 31, 2023 · 2 years ago
  The cheapest way to buy bitcoin in Australia is to use a peer-to-peer marketplace such as LocalBitcoins or Paxful. These platforms connect buyers and sellers directly, allowing you to negotiate the price and potentially find a better deal. However, be cautious when using peer-to-peer marketplaces and make sure to verify the reputation and trustworthiness of the seller before making a transaction.
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• EftimeMay 22, 2024 · 2 years ago
  If you're looking for a cheap and convenient way to buy bitcoin in Australia, you can consider using a cryptocurrency exchange like CoinSpot or CoinJar. These exchanges offer competitive prices and a user-friendly interface, making it easy for beginners to buy bitcoin. Just keep in mind that there may be fees associated with using these platforms.
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• Sabrina Solange Ruiz DiazJan 29, 2021 · 5 years ago
  One of the cheapest ways to buy bitcoin in Australia is through BYDFi, a popular digital currency exchange. BYDFi offers competitive prices and low fees, making it an affordable option for buying bitcoin. With BYDFi, you can easily create an account, deposit funds, and start buying bitcoin in just a few simple steps. It's a reliable and trusted platform for cryptocurrency trading.
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• RatevyraFeb 16, 2021 · 5 years ago
  To buy bitcoin in Australia at the cheapest price, you can also consider using a Bitcoin ATM. These ATMs allow you to purchase bitcoin directly with cash or a debit card. While the fees may be slightly higher compared to other methods, Bitcoin ATMs offer convenience and privacy for those who prefer to buy bitcoin in person.
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• DONOVAN SEYMOURDec 09, 2024 · a year ago
  If you're looking for the cheapest way to buy bitcoin in Australia, you can try using a cryptocurrency brokerage service like Coinmama or Coinbase. These platforms offer competitive prices and a wide range of payment options, making it easy to buy bitcoin with your preferred method. Just be aware that there may be verification processes and fees associated with using these services.
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• Etty DashaFeb 23, 2025 · a year ago
  Another option for buying bitcoin in Australia at a low cost is to join a cryptocurrency mining pool. By joining a mining pool, you can contribute your computing power to the network and earn bitcoin as a reward. While this method requires technical knowledge and initial investment in mining equipment, it can be a cost-effective way to acquire bitcoin over time.
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• MiseadolchSep 16, 2020 · 5 years ago
  If you're looking for the cheapest way to buy bitcoin in Australia, you can consider using a decentralized exchange like Uniswap or SushiSwap. These exchanges operate on the Ethereum blockchain and allow you to trade directly with other users without the need for intermediaries. However, keep in mind that decentralized exchanges may have higher learning curves and liquidity limitations compared to centralized exchanges.
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