How to Purchase Bitcoin (BTC): A Step-by-Step Guide for Australians

Introduction

When purchasing Bitcoin, there are several factors to consider, including selecting an exchange to buy it from and the transaction method. Fortunately, we've compiled a list of reputable exchanges to assist you with the process.

Step-by-Step Guide

1. Select an Exchange
Research and select a cryptocurrency exchange that operates in Australia and supports Bitcoin trading. Consider factors such as fees, security, and user reviews.
Platform Coin Cost
Nexo Bitcoin (BTC) 91,070.67
PrimeXBT Bitcoin (BTC) 91,087.3
EarnPark Bitcoin (BTC) 90,639.62
YouHodler Bitcoin (BTC) 91,142.79
Binance Bitcoin (BTC) 91,142.79
BTSE Bitcoin (BTC) 91,076
See all 80 prices
2. Create an Account
Register on the exchange's website or mobile app, providing personal information and identity verification documents.
Platform Coin Cost
Nexo Bitcoin (BTC) 91,070.67
PrimeXBT Bitcoin (BTC) 91,087.3
EarnPark Bitcoin (BTC) 90,639.62
YouHodler Bitcoin (BTC) 91,142.79
Binance Bitcoin (BTC) 91,142.79
BTSE Bitcoin (BTC) 91,076
See all 80 prices
3. Top Up Your Account
Transfer funds to your exchange account using supported payment methods such as bank transfer, credit card, or debit card.
4. Navigate to the Bitcoin market
Once your account is funded, search for Bitcoin (BTC) in the exchange's marketplace.
5. Select a Transaction Amount
Enter the amount of Bitcoin you wish to purchase.
6. Confirm Purchase
Preview the Transaction Details and Confirm Your Purchase by clicking the "Buy BTC" or equivalent button.
7. Complete Transaction
Your Bitcoin purchase will be processed and deposited into your exchange wallet within minutes.
8. Transfer to a Hardware Wallet
It's always best to keep your crypto in a hardware wallet for security reasons. We recommend using Wirex or Trezor.

Platform	Coin	Cost
Nexo	Bitcoin (BTC)	91,070.67
PrimeXBT	Bitcoin (BTC)	91,087.3
EarnPark	Bitcoin (BTC)	90,639.62
YouHodler	Bitcoin (BTC)	91,142.79
Binance	Bitcoin (BTC)	91,142.79
BTSE	Bitcoin (BTC)	91,076

Platform	Coin	Cost
Nexo	Bitcoin (BTC)	91,070.67
PrimeXBT	Bitcoin (BTC)	91,087.3
EarnPark	Bitcoin (BTC)	90,639.62
YouHodler	Bitcoin (BTC)	91,142.79
Binance	Bitcoin (BTC)	91,142.79
BTSE	Bitcoin (BTC)	91,076

What to Be Aware Of

When purchasing Bitcoin, it's important to choose a reputable exchange that is user-friendly and has reasonable fees. Once you've done this, always transfer your crypto to a hardware wallet. That way, no matter what happens to that exchange, your crypto remains safe.

Latest Movements

Bitcoin (BTC) is currently priced at USD 85,136.55 with a 24-hour trading volume of USD 1,281.91. In the last 24 hours, Bitcoin has experienced a decrease of -2.11%. The market cap of Bitcoin stands at USD 1.06M, with 2.46M BTC in circulation. For those looking to buy or trade Bitcoin, Nexo offers avenues to do so securely and efficiently

Market capitalisation: USD 1.06M
24-hour volume: USD 1,281.91
Circulating supply: 2.46M BTC

See the latest information

Frequently Asked Questions About Purchasing Bitcoin (BTC)

"What factors influence the price of Bitcoin (BTC)?": The price of Bitcoin is influenced by various factors, including market demand and supply, investor sentiment, regulatory news, technological developments, and macroeconomic trends. Additionally, the unique characteristics of Bitcoin, such as its limited supply and mining reward halving events, play a crucial role. Staying informed about these dynamics is essential for understanding price fluctuations. Utilize tools like Bitcompare for real-time price comparisons and market sentiment analysis to remain updated.
What factors affect the price of Bitcoin (BTC) in Australia?: The price of Bitcoin in Australia is influenced by market demand and supply, investor sentiment, regulatory updates from ASIC, technological advancements, and broader economic trends. Events like Bitcoin halving, which reduces mining rewards, can also cause price fluctuations. Staying updated on these factors is essential, and platforms like Bitcompare can assist in monitoring real-time price comparisons and market sentiment analysis for better insights.
What factors influence the price of Bitcoin (BTC)?: The price of Bitcoin is influenced by various factors, including market demand and supply, investor sentiment, regulatory news, technological developments, and macroeconomic trends. Additionally, events such as halving cycles, where the reward for mining Bitcoin is reduced, can lead to price volatility. It is crucial to stay informed about these factors, and platforms like Bitcompare can help you monitor real-time price comparisons and market sentiment analysis for better insights.
How can I monitor the current price of Bitcoin (BTC)?: You can track the current price of Bitcoin through various cryptocurrency exchanges and market tracking platforms. Bitcompare offers real-time price comparisons across multiple exchanges, allowing you to find the best rates available. Additionally, setting up email rate alerts on Bitcompare can notify you of significant price changes, ensuring you stay updated on Bitcoin's market movements. Regularly checking trusted sources is essential to remain informed about Bitcoin's fluctuating price.
What is the significance of Bitcoin's block time in relation to its price?: Bitcoin's block time, which averages 10 minutes, plays a crucial role in the cryptocurrency's price stability and transaction processing. This consistent block generation allows for predictable transaction confirmations, which can influence market confidence. When the network operates smoothly, it may lead to increased adoption and demand, potentially driving up the price. Understanding these dynamics is essential for any investor, and tools like Bitcompare can help you stay informed about Bitcoin's performance and market trends.
What is the significance of Bitcoin's market sentiment for its price?: Market sentiment reflects the overall attitude of investors toward Bitcoin, which can significantly impact its price. Positive sentiment often leads to increased buying activity, driving prices higher, while negative sentiment can result in sell-offs and price declines. Factors influencing sentiment include news events, regulatory developments, and market trends. Utilizing tools like Bitcompare's market sentiment analysis can help you understand these dynamics and make more informed decisions regarding Bitcoin's price movements.
How does Bitcoin's hashing algorithm impact its price?: Bitcoin uses the SHA-256 hashing algorithm, which is integral to its mining process and security. The efficiency of this algorithm influences the cost of mining, which can affect supply levels. When mining becomes more challenging or costly, it may lead to a decreased supply, potentially driving up prices if demand remains constant or increases. Understanding the relationship between mining dynamics and Bitcoin's price is essential for investors, and platforms like Bitcompare can provide insights into these factors.

Bitcoin BTC News

February 8, 2026Crypto Industry Heading For 'Massive Consolidation,' Says Bullish CEO

Bullish CEO Tom Farley said that the crypto industry is about to see a “continual massive consolidation,” as companies realize they’re selling products, not businesses.

February 8, 2026Bear Market Outlook: How Low Will Bitcoin Price Drop This Cycle?

Bitcoin trades in bear market territory as losses rise, and price direction hinges on holding $63,007 support or reclaiming $71,672.

February 8, 2026Ethereum Price Is Not Going To Keep Falling Forever, Analyst Says

Ethereum’s recent sell-off has weighed heavily on sentiment after the price fell below the $2,000 level and pulled much of the altcoin market lower

Top Pairs for Bitcoin

Frequently Asked Questions About Purchasing Bitcoin (BTC)

Platform	Coin	Cost
Nexo	Bitcoin (BTC)	91,070.67
PrimeXBT	Bitcoin (BTC)	91,087.3
EarnPark	Bitcoin (BTC)	90,639.62
YouHodler	Bitcoin (BTC)	91,142.79
Binance	Bitcoin (BTC)	91,142.79
BTSE	Bitcoin (BTC)	91,076

Platform	Coin	Cost
Nexo	Bitcoin (BTC)	91,070.67
PrimeXBT	Bitcoin (BTC)	91,087.3
EarnPark	Bitcoin (BTC)	90,639.62
YouHodler	Bitcoin (BTC)	91,142.79
Binance	Bitcoin (BTC)	91,142.79
BTSE	Bitcoin (BTC)	91,076

"What factors influence the price of Bitcoin (BTC)?"

The price of Bitcoin is influenced by various factors, including market demand and supply, investor sentiment, regulatory news, technological developments, and macroeconomic trends. Additionally, the unique characteristics of Bitcoin, such as its limited supply and mining reward halving events, play a crucial role. Staying informed about these dynamics is essential for understanding price fluctuations. Utilize tools like Bitcompare for real-time price comparisons and market sentiment analysis to remain updated.

What factors affect the price of Bitcoin (BTC) in Australia?

The price of Bitcoin in Australia is influenced by market demand and supply, investor sentiment, regulatory updates from ASIC, technological advancements, and broader economic trends. Events like Bitcoin halving, which reduces mining rewards, can also cause price fluctuations. Staying updated on these factors is essential, and platforms like Bitcompare can assist in monitoring real-time price comparisons and market sentiment analysis for better insights.

What factors influence the price of Bitcoin (BTC)?

The price of Bitcoin is influenced by various factors, including market demand and supply, investor sentiment, regulatory news, technological developments, and macroeconomic trends. Additionally, events such as halving cycles, where the reward for mining Bitcoin is reduced, can lead to price volatility. It is crucial to stay informed about these factors, and platforms like Bitcompare can help you monitor real-time price comparisons and market sentiment analysis for better insights.

How can I monitor the current price of Bitcoin (BTC)?

You can track the current price of Bitcoin through various cryptocurrency exchanges and market tracking platforms. Bitcompare offers real-time price comparisons across multiple exchanges, allowing you to find the best rates available. Additionally, setting up email rate alerts on Bitcompare can notify you of significant price changes, ensuring you stay updated on Bitcoin's market movements. Regularly checking trusted sources is essential to remain informed about Bitcoin's fluctuating price.

What is the significance of Bitcoin's block time in relation to its price?

Bitcoin's block time, which averages 10 minutes, plays a crucial role in the cryptocurrency's price stability and transaction processing. This consistent block generation allows for predictable transaction confirmations, which can influence market confidence. When the network operates smoothly, it may lead to increased adoption and demand, potentially driving up the price. Understanding these dynamics is essential for any investor, and tools like Bitcompare can help you stay informed about Bitcoin's performance and market trends.

What is the significance of Bitcoin's market sentiment for its price?

Market sentiment reflects the overall attitude of investors toward Bitcoin, which can significantly impact its price. Positive sentiment often leads to increased buying activity, driving prices higher, while negative sentiment can result in sell-offs and price declines. Factors influencing sentiment include news events, regulatory developments, and market trends. Utilizing tools like Bitcompare's market sentiment analysis can help you understand these dynamics and make more informed decisions regarding Bitcoin's price movements.

How does Bitcoin's hashing algorithm impact its price?

Bitcoin uses the SHA-256 hashing algorithm, which is integral to its mining process and security. The efficiency of this algorithm influences the cost of mining, which can affect supply levels. When mining becomes more challenging or costly, it may lead to a decreased supply, potentially driving up prices if demand remains constant or increases. Understanding the relationship between mining dynamics and Bitcoin's price is essential for investors, and platforms like Bitcompare can provide insights into these factors.

How to Purchase Bitcoin (BTC) in Australia

What you will learn