How to Buy Bitcoin in Australia

A Step-by-Step-Guide on how to buy Bitcoin in Australia

Step 1

Sign up to Coinmama

Use the following button and create an account at Coinmama.

Use an email address, pick out a username, and pick a strong, secure password.

The infrastructure and webpage of Coinmama is secure and fast, so you're personal info is safe.

Step 2

Verification of your account


In order to buy Bitcoin (BTC) with USD or EUR, you have to provide your name, date of birth, country and phone number as well as extra support documents which verify your identity.

Those supporting documents are a valid photo ID, like National identity card (front + back), Passport or Drivers license and sometimes also Proof of Residence Document like Utility bill(water, electricity, gas, internet, phone), Payroll statement -or- Official salary document from employer, Insurance statement, Tax document or Residence certificate.


The reason for this strict verification is to forbid identity fraud or theft.

Step 3

Start purchasing BTC by depositing fiat currencies, like EUR or USD


Backing your account with fiat currencies, like USD or EUR for exchanging can be done different ways, including domestic wire transfers, SEPA and SWIFT or debitcard.

The option you choose will be based on your location and preference.

Once your fiat currency hits your account, that amount will be converted to BTC.

With your account you’ll also have access to charting tools, advanced order types, leveraged trading and 24-hour global client support.

For recieving Bitcoin you will also need to have a wallet.

Kudos! You've successfully purchased and stored Bitcoin in Australia.

That's it!

Some more instructions:

How to buy Bitcoin