Introduction
how to buy bitcoin cash Australia is a popular copyright known for its faster transaction times and lower fees compared to Bitcoin. As one of the leading digital assets, it has gained significant traction among Australian investors and copyright users. If you're based in Australia and looking to buy Bitcoin Cash, the process is simple thanks to a wide range of trusted and regulated platforms.
This guide outlines the steps to buy Bitcoin Cash in Australia securely, what to consider before purchasing, and how to store your copyright safely.
Why Buy Bitcoin Cash?
Bitcoin Cash was created in 2017 as a fork of Bitcoin, with the goal of improving transaction speed and scalability. Many users appreciate its practical utility for daily transactions, in addition to its investment potential.
Reasons Australians are buying Bitcoin Cash include:
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Faster and cheaper transactions than Bitcoin
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Widespread exchange support
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Solid market liquidity
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Use in peer-to-peer payments and ecommerce
Whether you’re investing long-term or planning to use BCH for payments, it’s an accessible and efficient choice.
Best Platforms to Buy Bitcoin Cash in Australia
There are several AUSTRAC-registered platforms that make it easy for Australians to buying Bitcoin using Australian Dollars (AUD). Some of the top exchanges include:
CoinSpot
CoinSpot is one of the most popular platforms in Australia. It allows you to buy Bitcoin Cash instantly with AUD using payment options like POLi, PayID, BPAY, and direct deposit. CoinSpot also offers a simple user interface ideal for beginners.
Swyftx
Swyftx is known for low fees and fast verification. It offers a sleek mobile app and desktop platform for buying Bitcoin Cash and hundreds of other digital assets. AUD deposits and withdrawals are easy through bank transfer or PayID.
copyright Australia
copyright is a global copyright giant with a local presence in Australia. Users can deposit AUD and trade BCH against various fiat and copyright pairs. The platform is best for those who want more advanced trading tools.
Independent Reserve
Independent Reserve caters to both retail and institutional users. It offers a secure environment to buy and sell BCH with AUD, along with automatic tax reporting tools.
How to Buy Bitcoin Cash: Step-by-Step
1. Choose a Trusted Exchange
Select an exchange that is registered with AUSTRAC and offers competitive fees, security features, and AUD support.
2. Create and Verify Your Account
Sign up with your email and provide identity documents (copyright, driver’s license) to comply with Know Your Customer (KYC) regulations.
3. Deposit Funds in AUD
Use a supported method such as PayID, POLi, or bank transfer to fund your account with Australian Dollars.
4. Buy Bitcoin Cash (BCH)
Navigate to the BCH trading page and enter the amount you want to purchase. Confirm the transaction and the coins will be credited to your exchange wallet.
5. Store Your Bitcoin Cash Securely
For added safety, transfer your BCH to a private wallet, preferably a hardware wallet, especially if you’re holding it long-term.
Final Thoughts
Buying Bitcoin Cash in Australia is easier than ever, with several reliable exchanges offering fast and secure services. Whether you’re a beginner or an experienced trader, following these steps ensures that your BCH purchase is smooth and secure. Always do your own research, compare fees, and take precautions to protect your digital assets.