The easiest way to buy Bitcoin in Australia would be through a cryptocurrency exchange, as exchanges have user-friendly platforms and dedicated customer service to help beginner traders and investors just getting started in the world of crypto.
When selecting an exchange to buy your Bitcoin, you should look out for several things. First and foremost would be security. With the insolvency of one of the world’s leading exchanges, FTX, one should do due research to check if the exchange executes proper management of customers’ funds.
Secondly, you should also find out if the exchange accepts AUD. After all, you wouldn’t want to go through the hassle of changing AUD to a currency the exchange accepts just to make a transaction, right? Lastly, check the cost of the exchange’s trading fees. While you might not think it affects much in a single transaction or two, a high trading fee can eat into your overall return if you intend to start actively trading in the exchange.
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