If you live in Perth and want to buy Bitcoin or another cryptocurrency, you’re out of luck.
A trustworthy and regulated digital asset exchange in Australia is the best place to start investing in cryptocurrencies in Perth. Our recommendation for people in Perth is Swyftx because it’s the cheapest and fastest way to get into the bitcoin market.
How Do I Buy Bitcoin in Perth?
1. Create Your Account With Swyftx
Create an account on a cryptocurrency site in Australia like Swyftx. Go to the Swyftx website and click on the “Sign Up” option to create an account.
You’ll find the registration page, where you’ll see the discount code printed out in large letters. Please provide a valid email address, a strong password, full name, and a phone number. Click Create My Account after agreeing to the terms and conditions.
2. Complete Identity Verification
In compliance with Australian Know Your Customer (KYC) and Counter-Terrorism Financing (CTF) rules, the following step is to begin the ID verification procedure once an account has been created. AUSTRAC requires that an account be validated before AUD may be deposited or withdrawn.
The verification procedure is quick and straightforward when using Swift, taking no more than two minutes. Log in to your account and select the ‘Verification’ tab under the ‘Profile Tab’ to verify. You must provide a valid email address, cell phone number, or identity document.
3. Secure Your Account and Activate 2FA
Two Factor Authentication (2FA) is critical for protecting any funds in a crypto exchange account. Following the account, verification is the first step before making a deposit.
2-factor authentication, often known as 2FA, compels users to validate their accounts and even withdrawal requests using two different methods. Authy and Google Authenticator are two popular two-factor authentication (2FA) apps available for iOS and Android devices.
4. Deposit Money In AUD
You should look for an Australian Dollar exchange that allows local deposit methods, such as bank transfers or credit cards. The majority of Australian cryptocurrency exchanges accept payments in direct AUD, with various fees. Bank transfer, POLi, and PayID are the three most popular methods of making a deposit.
POLi links to Australian Bank accounts and processes payments immediately. There is a one-to-three-day turnaround for PayID and bank transfers. Cash deposits at a local newsagency, BPAY, and credit cards are examples of alternative payment methods accepted by some Australian exchanges. However, only Swyftx accepts credit card payments for Bitcoin purchases in Australia.
5. Buy Bitcoin
If your account has been verified and AUD has been deposited, you can now purchase Bitcoins. Simply click “Trade” in the sidebar on the left to begin trading, and you’ll be taken to the “Assets” page, where you can perform a search and pick Bitcoin from the results.
Next, click “Instant Buy” after determining your budget in Australian dollars. The amount of Bitcoin you specify will be purchased with Swyftx wallet funds and displayed in your trade history.
Where Can I Buy Bitcoin in Adelaide?
To allow Australians to trade cryptocurrencies in the most accessible and most comfortable way, Swyftx is one of Australia’s leading crypto exchanges—thanks to its online wallet—crypto investors have found this platform to be user-friendly.
Although it can be a pain because many exchange sites require that you deposit and withdraw your bitcoins from your exchange account once you buy them, Swyftx simplifies day trading by enabling you to swap or acquire bitcoin rapidly. All of this is possible because of the platform’s built-in crypto wallet, which makes using the service a breeze.
Additionally, Swyftx’s user interface is user-friendly, making it a suitable choice for beginning users. The team’s professional assistance is also helpful because you can always turn to them for help.
This reputable crypto exchange is now well on its way to becoming the leading crypto coin exchange for both novice traders and experienced investors. Besides, many satisfied customers, both new and old, have written glowing testimonials about this trade.
Swyftx’s inexpensive fees are one of its primary benefits. When an exchange offers decreased fees, it’s a good idea to see if that also applies to spreads when trading cryptocurrencies. Thousands of Australians prefer Swyftx due to the lower spread fees offered by the company.
Nevertheless, Swyftx ensures the safety of its users with various layers of security. Auth0, a company specializing in cloud platform security, has partnered to provide your bitcoin wallet with the highest degree of password and account security. Swyftx’s 2-factor authentication feature also adds an extra layer of protection to your account.
2. CoinJar Exchange
CoinJar considers itself to be the country’s first and oldest cryptocurrency trading platform. It has serviced over 400 thousand clients since its inception in 2013 as an award-winning and ventures capital-backed exchange. Since then, they’ve been working with the cryptocurrency community, the government, and authorities to make bitcoin more widely accepted.
You’ll find CoinJar for Institutions, CoinJar digital currency accounts for individuals, and CoinJar exchange for traders on the official website. You don’t have to use CoinJar for institutions if you’re an individual trader. Out of the two choices left, we suggest traders buy and sell bitcoin on the CoinJar Exchange due to the cheaper fees and enhanced services.
Binance began in China, but it has grown tremendously since then, becoming one of the most popular cryptocurrency exchanges and unquestionably a fan favourite in Australia. Binance is not only a cryptocurrency exchange; it also has its crypto token, which can be used to pay for services on the platform. In addition, Binance offers a built-in wallet to make storing and transferring bitcoins simple for its customers.
There are a few steps involved in making a Binance bitcoin purchase. To get started, simply make a deposit and then choose between the basic or advanced view under “exchange.” If you’re just getting started with bitcoin trading, the total picture is probably best for you. The most straightforward approach to learn is to use the platform yourself and see how it works.
Binance has one of the lowest trading fees anywhere, with trades costing an average of just 0.1 per cent. If you pay using the Binance token, you’ll save even more money because you’ll get a 50 per cent reduction on the cost.
Even though Binance is one of the best bitcoin exchanges in Australia, novice users may be put off by the more sophisticated user interface. Advanced features, on the other hand, may appeal to more knowledgeable consumers. Nevertheless, there’s no harm in giving it a shot and making your judgment.
Buy Bitcoin in Perth With Swyftx
Swyftx, an Australian cryptocurrency exchange, is one of the best in the country for trading. With this exchange, trading has been simplified on a robust platform ideal for new and seasoned investors. So we highly recommend that you choose Swyftx as it has proven to be the most straightforward and affordable crypto exchange platform.