How to Buy Bitcoin in Australia
Buying Bitcoin can be confusing especially if it’s your first time trying to buy Bitcoin in Australia. You can buy BTC on our integrated platform easily and instantly! Furthermore, our platform allows individuals to buy and sell bitcoin at the best prices.
Create & Verify An Account
All you have to do to buy bitcoin is to create an account on our website. After registering, you have to verify your account with your identity documents. After verification, you’ll be only a few clicks away from buying Bitcoin. It’s that simple!
Buy & Exchange Bitcoin
After depositing your AUD into your Zipmex wallet, where your deposits are insured, you can buy Bitcoin on our platform and enjoy the lowest buy prices and fees.
Store & Earn Bitcoin
At Zipmex, you will be able to earn 6% on your Bitcoin! All of your deposits are insured on Zipmex. You can also withdraw your earnings into any Australian bank account at any time.
What is Bitcoin?
If you are familiar with digital assets, you might be familiar with Bitcoin or BTC. It is a virtual or digital currency that can be used to buy products and services. Each BTC is stored in a ‘digital wallet’ smartphone or desktop app. Transactions can be made when you send Bitcoins to others and vice versa. All transactions are recorded in a blockchain in an irreversible and open manner.
Buy Bitcoin in Australia at Zipmex
Where is the best place to buy Bitcoin in Australia? The answer has to be Zipmex. As the leading digital asset exchange, Zipmex makes it simple, fast and safe to buy, sell and Bitcoin in Australia by leveraging integrated tools and advanced technology to give you 24/7 access and high liquidity.
Why use Zipmex?
Zipmex makes it safe, fast and simple to buy, sell and earn Bitcoin with quick payments and low transaction fees. Fraud risks are lower for both buyers and sellers on our authorised and regulated platform. Zipmex empowers you to reap the endless benefits of bitcoin.
Secure & Insured
Top BitGo wallet security (up to US $100M insurance) for your peace of mind.
Low Trading Fees, Best Prices
Pay less with trading fees as low as 0.2% per transaction. We give more value to you.
Licensed & Regulated
Fully regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC).
We’re here to help
Zipmex’s Customer Support team is ready to help 24/7 should you have any questions about buying BTC. You can also find answers to common questions in our Support Centre below.
Frequently Asked Questions
Simply sign up here: https://trade.zipmex.com.au/signup enter your information and submit the form. Then check your email for the verification to verify your account.
Once the account is verified, please kindly check your email for more information from us.
Then, go to Setting > Verification Level > Start your KYC. Once your KYC is completed, go to Wallet > Find the currency you wish to deposit > Click on Deposit symbol to make a deposit. Once your account is funded, you can start trading!
In order to start trading with us, you as a freshly registered user may need to verify yourself through KYC which requires collateral documents.
The different Verification Tiers are as follows:
- Registered– this is the default Tier obtained after registering your account and confirming your email address.
- KYC – you can deposit, withdraw and trade in digital currency. You are required to provide your personal particulars, a billing address, a photo of yourself and identity documents.
To be able to create an account with Zipmex, you must follow the following requirements:
- Age: You must be above 18 years old
- Email: You must use the email address which is allowed to receive information from us.
ZIPMEX Company has measures to control and obtain a license for digital asset trading by the The Australian Transaction Reports and Analysis Centre (AUSTRAC).
|What We Need to Have||What Is It||Why Is It Important to You|
|Capital Requirement||1. We are subject to the minimum initial capital and own funds requirement. Our capital requirement is intended for covering the risks of operating an exchange.|
2. We protect your funds by segregating your fiat from our company account.
|Your funds are protected and entrusted to a company with adequate operating capital.|
|Custody Solution||1. We work with BitGo as our custodian for digital assets. They use multi-signature technology for every transaction.|
2. BitGo insures the digital assets stored on its custody wallet with coverage up to USD 100 million.
|Your digital assets are safe, secured and insured with us.|
|Auditor Requirement||We are audited annually by an auditor who review our financial statements thoroughly.||We are financially accountable and transparent as approved by external auditors.|
|Thorough KYC policies and procedures||1. We perform customer due diligence (CDD), identification and verification procedures, including enhanced due diligence, PEPs checks, screening against UN, EU, OFAC sanction lists.|
2. We perform live video verification of all KYC customers to reduce identify fraud.
|You are part of an ecosystem where all bad actors are prohibited from entering and all participants exist in the real-world.|
|Sound Anti-money laundering (AML) policies and procedures||Risk-based approach (RBA) in assessing and managing the money laundering and terrorist financing risk to the company.||Your funds will not be used or mixed with funds associated with money laundering and terrorism financing.|
|Comprehensive IT security policies||1. Our IT security policy is approved by regulators and ensures that information security and technology management system is always up-to-date.|
2. Our platform has undergone strenuous IT audits and penetration tests in order to prevent hacking and malicious attacks against the platform.
|Our platform has been audited and battle-tested to provide you with the most safe and secure experience.|
|Wide-ranging compliance policies and procedures||1. We have implemented policies and procedures for all processes of the company, all of which have been reviewed and approved by our regulators.|
2. We have a comprehensive risk management policy to ensure that risks are mitigated and accounted for.
|Everything we do has a policy, manual and workflow. You can be assured that we have planned for every scenario and always protect your funds and/or digital assets.|
|Data protection and security||We never disclose your personal information to third-parties unless they are regulatory bodies or governmental entities.||Your privacy, sensitive information and personal data is safe and protected with us.|
Depositing digital assets into your Zipmex account can only be initiated by the account owner. If you’d like to add to your balance of digital assets, you’ll need to use your unique Zipmex deposit address which you can find in your wallet tab.
You must initiate a withdrawal from your external wallet or service provider in order to deposit the desired amount into your unique Zipmex deposit address.
*Please note, that when you are withdrawing BTC from the exchange you may only send your BTC to another BTC address.
Zipmex supports both fiat-to-coin and coin-to-coin trading pairs. As at 08 April 2020, Zipmex offers the following trading pairs:
Payments partners that we work with charge us fees for deposits in fiat currencies we support. Fees are listed on the deposit pages specific for each fiat currency, but we also keep the fees publicly available and up-to-date. Below are the deposit fees.
Fiat Currency Withdrawal Fees (Bank Transfer):
5 AUD, Minimum Withdrawal Amount: 10 AUD
Note that the fees listed above are charged by our payments partners upon processing your withdrawal, but intermediary or correspondent banks (banks between our bank and your bank that processes the transaction in transit) may also charge fees or convert the transaction to a different currency en route.
If you have fiat currency in your account that is available to withdraw, you can initiate a wire transfer to your linked bank account in your name.
To withdraw, follow these 3 steps:
- Go to wallet > withdraw > select currency
- Enter your withdrawal amount, bank details and name
- Press ‘Withdraw’ at the bottom to confirm.
Please allow for up to 24 hours of processing of withdrawal.