Helping You Open an Exchange Account in Australia
Estimated Time to Completion:
24 hours
Miss this step?
Do you have a Bitcoin wallet?
Before creating an account at an exchange, you should have a Bitcoin wallet. Bitcoin wallets are free to use and they allow users to store and transfer Bitcoin securely. Our recommended wallet is Exodus.
Which Exchange is Right for Me?
A bitcoin exchange is the easiest way to buy, sell and trade Bitcoin. Not all exchanges are created equal, however, so our team of experts have reviewed the top exchanges based on security, reputation, payment methods and fees. We’ve listed the best exchanges for buying Bitcoin below.
CRYPTOVANTAGE'S RECOMMENDED EXCHANGE
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1
Coinbase
- Beginner friendly exchange
- Fast and easy verification
- Debit Cards Accepted
- High purchasing limits
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Create Your Account
The first step is to create an account by providing basic identity information: First name, last name, email account, password and confirming you are over 18 years old.
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Verify Your Email Address
After creating an account, Coinbase will send you an email and require you to confirm your email address.
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Add a Phone Number
You must add a phone number immediately after validating your email address. Providing a phone number is required for a 2-step verification. Coinbase will text a 7 digit verification code to your mobile device.
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Provide Personal Information
You must then provide basic information including payment address and your name. In addition, you’ll need to prove your identity by providing a scan of one of the following: passport, driver’s license or government issued photo identification.
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2
CoinSpot
- Australia’s most popular exchange
- Simple sign up process
- Very secure exchange
- Low fees
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Create Your Account
Enter your email address and a password to create an account.
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Verify Your Email Address
You will be required to verify your email address.
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Provide Personal Information
After verifying your email account, you will need to provide the following personal information: email address, phone number, name and home address.
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Additional Verification
You will be required to provide additional documents to verify your identity. You will need to take a photo of your identify document and upload it. The final step, is to provide a Verification Selfie with the required statement that CoinSpot provides.
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3
Kraken
- Trustworthy exchange
- Advanced exchange that can be quite complex for beginners
- High trading volume
- Low fees
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Create Your Account
To create a Kraken account you will need to provide an email, username, password and country of residence.
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Account Activation
After creating an account, you will be required to activate your account. An activation key will be sent to your email after creating an account.
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Select an Account Type
Kraken offers three different account types: Starter, Intermediate & Pro. Intermediate is recommended for higher limits and the ability to buy with fiat.
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Verify Your Account
Upon selecting an account type, you will need to verify your account by providing personal information and photo identification/proof of residence.
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Finish Setting Up Your Account
Upon being verified, you can now fund your account and purchase Bitcoin.
Buying Bitcoin Summary
- Download a wallet
- Open an account at an exchange
- Purchase Bitcoin at your exchange
- Send Bitcoin to wallet
- Use your Bitcoin