With eye-watering highs and heart-stopping lows, cryptocurrencies are incredibly volatile. But that hasn’t stopped millions of Australians, particularly members of Generation Z, from adding them to their portfolios. And with the right research and strategy, it’s becoming easier than ever to get involved in cryptocurrency. How to Buy Crypto Australia.

Firstly, you’ll need to choose an exchange. Some major global exchanges like CoinSpot and Binance have a local arm, which is helpful for Australian investors. These typically offer spot and margin trading, a range of payment methods including P2P transfers and bank transfers, as well as customer support via email or live chat. You’ll also find that some local exchanges, such as Swyftx, have an AFSL, which may provide you with more peace of mind as they must abide by strict financial laws.

How to Buy Crypto in Australia: Step-by-Step Tutorial

When choosing an exchange, make sure you pick one that offers a wide range of cryptos. You’ll want to be able to buy the most popular crypto, such as Bitcoin (BTC), but you might also have an interest in other cryptocurrencies. A good way to check an exchange’s crypto offerings is by checking their price chart on CoinMarketCap, which is one of the most trusted and cited price-tracking websites for crypto assets globally.

Once you’ve found an exchange that offers the cryptos you want to buy, sign up and verify your identity. This is a standard process that’s required by all reputable exchanges in order to comply with Australia’s anti-money laundering regulations (AUSTRAC). You’ll typically be asked for photographic ID and proof of address. Once verified, you’ll be able to deposit your AUD into the exchange, which will instantly become available in your personal wallet.