Where to buy bitcoin in Australia

Where do you buy from?

  • btcmarkets.net

    Votes: 3 30.0%

  • bitcoin.com.au

    Votes: 0 0.0%

  • coinjar.com

    Votes: 2 20.0%

  • independentreserve.com

    Votes: 1 10.0%

  • coinspot.com.au

    Votes: 4 40.0%

  • cointree.com.au

    Votes: 1 10.0%

  • other

    Votes: 0 0.0%
  • Total voters
    10
No one is going to share their experiences with any of these places? come on guys, help me and others out.
 
To buy, I use acx.io as prices are a little bit lower than btc markets and there are no trading fees. Every 30 seconds there is a small dribble of bitcoin so you can catch that.

To sell I use btc markets but not to buy as they charge fees to deposit $A.

As to the setup process, all I can remember is that btc markets seemed a bit paranoid. Both use 2 factor authentication (google authenticator) which is very important
 
btc markets have lost multiple accounts with banks.
I know of at least one person who has lost their bank account cause of using btc markets too often.
banks are monitoring and tracking these transactions.
if you want to be safe and buy on exchanges, I would recomend opening an ing account and sending from there. Ing has no specific anti btc policy and i know that they know of many btc users and allowed them to keep their accounts. suncorp is ok if not a lot of volume and widebay is also another one.
 
camylopez said:
btc markets have lost multiple accounts with banks.
I know of at least one person who has lost their bank account cause of using btc markets too often.
Click to expand...

wow i had no idea this could happen, thanks for letting us know.
 
camylopez said:
btc markets have lost multiple accounts with banks.
I know of at least one person who has lost their bank account cause of using btc markets too often.
banks are monitoring and tracking these transactions.
if you want to be safe and buy on exchanges, I would recomend opening an ing account and sending from there. Ing has no specific anti btc policy and i know that they know of many btc users and allowed them to keep their accounts. suncorp is ok if not a lot of volume and widebay is also another one.
Click to expand...
I call BS- under what circumstances would this happen
 
you guys are crazy, go through btc markets updates over the years, they themselves advice of account changes.
please do not tell me that you have been blind to account closures affecting businesses and people associated with btc.
while this is happening, banks are now closing accounts of money remittance companies that deal in cash, simple google search will show up the instances rather than calling bulshit.
you are like typical aussies, heads in the sand, walk into the bank and tell them your opening a bank account to run a business trading btc and see what you get
 
nab is the only one to specifically forbid btc by name in their terms, so it goes to show those of you who bank with nab know nothing of the terms of your accounts, the others fall back onto a clause in their terms that allow them to close your account at any time for any reason whatever.
 
btc markets went from banking with
anz to westpac
westpac to cba and bendigo
then to boq
now from memory i think its now widebay go through the yearly updates and you will see all these account changes.


a simple google search
http://www.afr.com/technology/accc-...ng-bitcoin-companies-accounts-20151018-gkc5iv
https://totalbitcoin.org/accc-inves...-closing-down-accounts-of-bitcoin-businesses/
https://holytransaction.com/blog/20...ting-banks-for-anti-competitive-behavior.html
http://www.abc.net.au/news/2015-09-...stralia27s-banks-are-acting-unlawfull/6798988
http://www.abc.net.au/pm/content/2015/s4317539.htm
http://www.coindesk.com/banks-investigated-for-closure-of-bitcoin-company-accounts/
https://www.itnews.com.au/news/australias-big-banks-pull-plug-on-bitcoin-companies-409498
https://cointelegraph.com/news/banks-are-finally-openly-fighting-bitcoin-in-australia-and-usa

the first time this happened it was documented
http://www.coindesk.com/commonwealth-bank-closes-coinjars-business-and-founders-personal-accounts/

im personally banned from 4 of australias banks for btc trades
 
I use coinjar for the ability to sell in AUD, and Coinbase to receive (because it has website shopping cart plugins), but you can't sell on Coinbase in Oz.
I have an account on cointree.com.au but haven't used it yet. The ID process for them is extensive you have to photograph yourself holding up a handwritten sign and your photo ID in the sameshot.
 
I can understand why banks would want to shut you down if you're running a money remittance service without any proper documentation or licence. I believe in most places you would need proper licences for carrying out such a business. Again, the keyword here is "business".

https://bitcointalk.org/index.php?topic=1897701.0;prev_next=prev

But if you're telling me that your bank account will be shut down just because you've been dabbling in bitcoin or ethereum or altcoins in small amounts for personal investment, I find that hard to believe. Especially given that most exchanges now have strict KYC policies that require you to upload documents before you can even trade/withdraw certain amounts.
 
Altima said:
I can understand why banks would want to shut you down if you're running a money remittance service without any proper documentation or licence. I believe in most places you would need proper licences for carrying out such a business. Again, the keyword here is "business".

https://bitcointalk.org/index.php?topic=1897701.0;prev_next=prev

But if you're telling me that your bank account will be shut down just because you've been dabbling in bitcoin or ethereum or altcoins in small amounts for personal investment, I find that hard to believe. Especially given that most exchanges now have strict KYC policies that require you to upload documents before you can even trade/withdraw certain amounts.
Click to expand...

the key word is not "business" the key word is money remittance.
money remittance is a legal term and has a legal definition.
to be a remitter you are holding, and/or transferring funds on behalf of another party.
these are not what someone who is buying or selling btc are doing. The issue at stake here is that btc is getting soo big and the regulators are looking for ways to control it.
you will note that these current few court cases they end in a plea, they are not guilty of money remittance, but of other things, and it seems they are taking the plea bargains. I know one of them is guilty of tax evasion, and that is not on his court records, which implies they let him off on that one. (this is from 1 person who did business with him, and another that investigated the case, they are looking into the other cases)
I show you a news report that coinjar and its founders got blacklisted by cba, (nab helped them out, and then later did the same thing and banned them) I showed you other reports that accc was investigating the issue, and you still refuse to believe?
I dont understand. everyone is lying?
im not really banned by 4 australian banks, its just my imagination?
 
I'm slightly confused. I vaguely recall you're still in the market for Bitcoin, yet you're worried about this issue. What gives?
 
bingo, so maybe i really do know which banks are safest to use if you want to regularly trade btc through your accounts.
a simple 5 mins of reaserch would have saved this discussion rather than me coming on here to see the posts calling BS
 
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