A Step-by-Step Guide on How to Buy Bitcoin on Australia's Largest Exchange

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CoinSpot is the largest and the most trusted cryptocurrency exchange in Australia. You can buy or sell bitcoin, Ethereum, XRP and most other cryptocurrencies on CoinSpot quite easily, even if you do not have any prior experience with crypto trading. As for the few steps that you do need to follow, we have that covered next.

Registration

Registration with the exchange is a must, and it’s a rather simple process.

Verification

Verification steps will vary, depending on whether you want a Self-Managed Super Fund Account (SMSF), Business Account, or a regular, Individual Account. For starters, just opt for the CoinSpot Individual Account (AU$2,000/day deposit limit) and you can get verified almost immediately after going through the following steps.

Deposit Money and Start Buying Bitcoin

Depositing AUD and buying BTC is easy after you have completed the verification process.

If you wish to buy any other cryptocurrency, just click on Buy/Sell on the main page, and then select from a long list of 270+ crypto coins that CoinSpot supports. The steps to buy any of them are identical to those for buying BTC.

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