Buy Bitcoin (BTC) in Australia

Trading with Elbaite means you and your assets remain safe,
with complete peace of mind whilst you focus on what matters.

Award Winning Australian Exchange, Since 2017

Buy BTC

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How to Buy Bitcoin in Australia

1. Create Account

Simply create your Personal, SMSF, Company or Trust account

2. Deposit Funds

Deposit AUD into your Elbaite account.

3. Buy Bitcoin

Use your AUD to start investing.

Bitcoin

BTC

Bitcoin (BTC) to AUD Live Price

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What is Bitcoin (BTC)?

Bitcoin is the original cryptocurrency and the most widely known digital asset in the world. It was created in 2009 as a way for people to send money over the internet without using banks or payment companies. Instead of relying on a central authority, Bitcoin uses a public system called blockchain that records every transaction across a global network of computers.

One of the key features of Bitcoin is that it's limited in supply. Only 21 million Bitcoins will ever exist. This built-in scarcity is one of the reasons many people compare it to gold. But unlike gold, Bitcoin is easy to send, store, and divide into smaller units. You can own as little as a fraction of a Bitcoin, making it accessible to all kinds of investors.

In Australia and around the world, Bitcoin is becoming more common as a way to invest, protect against inflation, or simply learn about the growing world of digital finance. Whether you’re buying Bitcoin for the first time or adding it to a broader portfolio, it’s a starting point for anyone curious about crypto.

Bitcoin (BTC) Frequently Asked Questions

1. What is Bitcoin used for?

People use Bitcoin to store value, send money globally, or invest in digital assets. Some also use it for online payments where accepted.

2. Is Bitcoin legal in Australia?

Yes. Bitcoin is legal to buy, sell, and hold in Australia. It's regulated by AUSTRAC, and treated as property for tax purposes.

3. How do I buy Bitcoin in Australia?

You can buy Bitcoin through a registered exchange like Elbaite. Create an account, deposit AUD, and buy Bitcoin directly to your personal wallet or a secure vault.

4. How is Bitcoin stored?

Bitcoin is stored in a digital wallet. You can use a self-custody wallet for full control, or a custodial vault if you prefer added simplicity and security.

5. Is Bitcoin safe to invest in?

Bitcoin is secured by a global network and has been running without interruption since 2009. Like any investment, its price can move up or down, so it's important to understand your risk tolerance.

6. Why does Bitcoin have value?

Bitcoin’s value comes from its limited supply, decentralised structure, and growing demand. It’s not controlled by any single government or company.

7. Can I spend Bitcoin?

Yes. Some retailers and services accept Bitcoin as payment. You can also convert it back to AUD when you want to use your funds.

8. How is Bitcoin different from other cryptocurrencies?

Bitcoin focuses on being a decentralised, secure store of value. It doesn't have advanced features like newer blockchains, but it’s the most established and widely recognised.

9. Can I buy less than one Bitcoin?

Yes. Bitcoin is divisible into smaller units, so you can start with as little as a few dollars. There’s no need to buy a whole coin.

10. Where can I check the live price of Bitcoin?

You can track the current Bitcoin price on this page. Elbaite provides live updates in AUD, so you can see exactly what one Bitcoin is worth before making a purchase.

How we protect your Bitcoin

Since our inception, we have made security our top priority.

1:1 Backed Asset Reserves

Your funds are always available. Every asset you hold on Elbaite is fully backed, with no lending or rehypothecation.

Multi Factor Authentication

Add an extra layer of protection with multi factor authentication, ensuring your account is secure.

Segregated On-Chain Wallets

Your assets are stored in verifiable individual wallets, never mixed with others, so you stay in full control of your funds.

Industry Leading Encryption

Every transaction and account is protected with advanced encryption to keep your data and assets secure.

Join Thousands of Investors,
Buying Bitcoin in Australia

Get started in minutes, Buy crypto and invest for generations, with Elbaite - Australian crypto exchange.

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Jess C

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Catherine L

"very helpful customer service centre, easy and simple webpage to use"

Maria C

"Really impressed with Elbaite. Easy to navigate and trades are quick and secure. Loving it so far"

Daniel N

"Trading with Elbaite has been a great experience. The platform is user-friendly and transactions are processed quickly. I highly recommend Elbaite for anyone interested in a reliable and safe cryptocurrency trading platform."

Stefania

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Governance
& Compliance

Our legal & compliance team regularly work with regulators to advise on the cryptocurrency industry, ensuring that Australia has the best policies in place to support investor protection, innovation and industry growth.

We believe in the future of cryptocurrency here in Australia and want to ensure the right policies are in place to support a thriving industry.

Regulated by AUSTRAC

Elbaite Pty Ltd is officially registered with AUSTRAC and operates under strict compliance guidelines.

Elbaite Pty Ltd ACN: 623 185 875
AUSTRAC: DCE 100593224-001