How to Buy Bitcoin in Australia - A Cryptocurrency Guide for Australia

1.     How to buy Bitcoin in  Australia   Cryptocurrency guide for Australia  Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized  digital currency, as the system works without a central bank or single administrator. The  network is peer-to-peer and transactions take place between users directly, without an  intermediary. - Wikipedia  At the core Bitcoin and many other cryptocurrencies are powered by a new technology  called blockchain, which is a new revolution in the technology industry and will change  the way we do everything in the future.  Bitcoin was the first Cryptocurrency to be created and the media has made it hugely  popular, often being referred to as digital gold.   

2. 2    What can I do with cryptocurrency?  Ok so now we know what cryptocurrency is what can we do with this technology? Well  people have some really great ideas for fantastic uses of this technology and there are  many startups utilising this technology to revolutionize many different Industries.  Currently you can use cryptocurrency to buy products or services online, sign  documents into the blockchain, store files online, create smart contracts and much  much more.  What are the benefits to holding Bitcoin?  Here are some of the benefits to using and holding Bitcoin and other cryptocurrencies.  ● Irreversible transactions - crypto currency transactions are not reversible for any  reason, unlike credit card charge backs.  ● No paperwork  ● Appreciating value - the value of cryptocurrency is volatile but as there is a  limited supply, the value will continue to appreciate as there will only ever be  21000000 bitcoins ever created.  ● Quick and cheap transactions - where bank transfers typically take a couple days,  cryptocurrency can take as little as 5 seconds to have your money transferred  between accounts.  ● No need for a middleman  ● No corporate or government interruptions - cryptocurrency is peer to peer and  distributed with no way for governments to control it.  ● Purchases are not taxed   

3. 3    ● User anonymity - no need to register to get started, cryptocurrencies don't store  any of your personal information.  ● Mobile payments - pay with your phone super quick and super easy.  ● Universal value - no need to check the exchange rate of a different currency,  crypto currencies are universal and 1 BTC in China is the same as 1 BTC in the  USA.  ● No Central authority - as cryptocurrency is peer to peer and runs on hundreds of  thousands of computers around the world, if one computer or even one whole  country goes offline you will still be able to access your money.  ● Cannot be manipulated - bitcoins are digital and have fraud protections in place,  you cannot duplicate a Bitcoin, you cannot reverse a transaction, the blockchain  is cryptographically secure.  ● Use it anywhere anytime - spend your cryptocurrency from anywhere in the world  at anytime you like, and send money in seconds.  ● Control over your money - with a conventional Bank, your bank has control over  your money, but when you use cryptocurrency you have control over your money,  you also have the responsibility of securing your own wallet.  Buying Bitcoin and cryptocurrency in Australia    Buying cryptocurrencies is a very similar process compared to if you were buying  foreign money for an overseas trip, the key component is the exchange, and exchange  allows you to transfer between different types of money.    A cryptocurrency exchange allows you to purchase various types of cryptocurrency with  Australian dollars (AUD), the main way a crypto currency exchange differs from a  foreign exchange is that the exchange between Australian dollars and cryptocurrency is  all done online, you don't need to go to a physical place like a bank, it's all processed  over the Internet which means you can do it from anywhere in the world.     

4. 4    Which Australian cryptocurrency exchange should I  use?    There are a range of Australian cryptocurrency exchanges available online, but it's  important to choose one that is right for you, one that has the features that you need  whether you want to buy and hold, or whether you want to trade.    CoinSpot​ is one of the easiest Australian cryptocurrency exchanges available at the  moment, you don't have to worry about all the terminology used on typical exchanges,  don't worry about buy and sell orders, just say how much you want to purchase and  place the order, your coins will be instantly transferred to your coinspot account and it's  as easy as that.    You can purchase a range of different cryptocurrencies on the platform including  Bitcoin, Litecoin, Ethereum, Ripple and many many more.  CoinSpot cryptocurrency exchange - Highly  Recommended        Click here to sign up for your FREE CoinSpot account and start trading cryptocurrency  today​!         

5. 5    How can I stay up to date with cryptocurrency and the  various regulations coming into effect?    You can remain up-to-date by following various social media profiles of government  departments such as the ATO, the news, the social media profiles for the  cryptocurrencies themselves, as well as many independent bloggers online including  https://bitcoinaussie.tumblr.com​ who posts news tips and tricks relating to Australian  cryptocurrency.      Good luck and happy trading!          Buy Ethereum in Australia, Buy Bitcoin in Australia, Buy Litecoin in Australia, Buy Ripple  in Australia