The post How to buy Bitcoin in Australia appeared on BitcoinEthereumNews.com.

Key takeaways Bitcoin is legal in Australia and is regulated by AUSTRAC and the Australian Taxation Office (ATO).  You can buy Bitcoin on various platforms, including centralized exchanges, decentralized exchanges (DEXs), P2P platforms and Bitcoin ATMs Payment options are diverse, including credit cards, debit cards, bank transfers and fiat cash deposits at ATMs Store your Bitcoin securely and opt for cold wallets, which protect you better than custodial wallets from crypto exchanges.  Bitcoin adoption continues to grow. More and more Australians are discovering the cryptocurrency as an investment vehicle, with ownership rising from 23% in 2023 to 32.5% in 2025, an impressive 41.3% increase. Because there are several platforms to choose from, buying Bitcoin is low-threshold and secure.  This article covers several methods and describes the steps to safely start investing in Bitcoin.  Is Bitcoin legal in Australia? Yes, Bitcoin is legal in Australia, but it’s not considered a legal tender. The local government considers owning cryptocurrencies like Bitcoin (BTC) as property. Any profit you might make from Bitcoin is subject to capital gains tax (CGT), with Australian Transaction Reports and Analysis Centre (AUSTRAC) ensuring AML and CTF compliance. Of course, there are also various regulatory requirements to abide by. AUSTRAC requires cryptocurrency companies to comply with Anti-Money Laundering (AML) and counter-terrorism-financing (CTF) regulations. This framework aims to protect Australian investors by safeguarding the crypto market against financial crime. A significant update in 2025 requires major crypto platforms to obtain an Australian Financial Services License (AFSL) for enhanced consumer protection, as outlined in government proposals. Did you know? Some Australian exchanges offer instant verification, allowing you to start trading Bitcoin within minutes. Prerequisites to buying Bitcoin in Australia Before buying Bitcoin in Australia, it is essential to prepare properly. To get you started, here are some points of interest:  Understand…

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Filed under: News - @ March 29, 2025 4:24 am