Now that you have some background on Bitcoin in Australia, this post will compare and contrast all the exchanges that sell Bitcoin in Australia. Merchants accepting Bitcoin range from bars and restaurants, hotels, with Subway Australia being the largest merchant accepting Bitcoin, with 1,400 shops in Australia. The use of cryptocurrencies is 100% legal in Australia, in fact it is one of the world leaders in terms of Bitcoin and cryptocurrency adoption. For more information on the taxation of cryptocurrencies specifically for Australia, please refer to the documentation on the official government website.
One of the easiest ways to buy Bitcoin in Australia is through the cryptocurrency exchanges described above. Although the current blueprint for cryptocurrency is SA is unregulated, the government has taken specific steps to provide as much legal support as possible. According to CoinATMRadar, there are 19 Bitcoin ATMs in Australia, with 2 in Adelaide, 11 in Melbourne and 6 in Sydney. Buying bitcoins through an in-person encounter, secured and facilitated by LocalBitcoins, can be one of the fastest and most private ways to buy bitcoins in any country, including the US, Europe (plus Germany), UK, Singapore, Canada, Australia and many more.
S, Asia and Europe, Bitcoin's evolution in Australia has been slower, but certainly not lacking, with Australian Bitcoin exchanges and brokers providing investors and traders with the necessary platforms to buy, sell and trade Bitcoin. If you also factor in the wealth demographics, Australia is likely to remain a smaller Bitcoin market compared to the U.S. The exact steps you'll need to take vary depending on the payment method and type of platform you choose, so read on for more details on the different ways to buy Bitcoin.