How To Buy Bitcoin With Bank Transfer in Australia

Do you want to start your crypto investment in Australia in the smartest way? Then you are in the right place! If you trade using Binance, you can easily buy and sell Bitcoin and other altcoins. To buy Bitcoin, you need to trade in AUD currency and have a verified Binance profile for this. In the continuation of this content, we will explain in detail every step of buying Bitcoin by registering from your Binance account. In this way, you will be able to make your cryptocurrency investment quickly, safely, and with low transaction fees. Are you ready? Here we go!

Steps of Buying Bitcoin in Australia

For all traders in Australia looking to buy and sell Bitcoin, Ethereum, and other cryptocurrencies, we have good news: you can easily trade using Binance Australia. Here are the steps you need to follow:

  • First, register your Binance account from here. For this, you need to make sure that you provide the correct credentials. Don’t forget to verify the account that you created for free in a few minutes.

  • You need both the Australian government ID and the front and back of the document as well as a selfie to be able to verify while transacting. Get all this ready and complete verification quickly when needed.
  • Check your emails to also perform email verification. Before proceeding, activate the 2FA verification system. If all is well, now is the time to visit the deposit page.
  • Go to the Deposit page in your Binance account. Here you need to choose the amount of AUD you want to deposit into your Binance account and the payment method you will use.

  • You need to choose AUD as the payment currency and Australia as the country. As a payment method, it is possible to say that the most preferred method for Australia is PayID/Osko. Click this.

  • Then you have to write how much AUD you want to load. Enter the number in the box under “Enter Amount” in the column with “Payment Methods” on the right side. After checking the Fee and You will Get section, if everything is OK, confirm the operation.

  • Copy your PayID with the help of your mobile banking and paste the required payment information here.
  • Confirm the operation. Generally, it may take about one business day for your balance to be reflected in your account in the first transaction. If you are lucky, the process can be completed in a shorter time.
  • Now it’s time to continue the transaction with the cryptocurrency you want to buy. To buy Bitcoin, go to Markets and click BTCAUD from the options. This means you will use AUD as your currency and buy BTC.

  • The required line will open automatically. Here are the last price, 24-hour value change, market cap values. You can briefly review and click on the “Trade” option.
  • If you continue with the default order, you may not be able to reach the transaction rate that you planned in your own mind. So you have two options: If it is important for you to trade very quickly, choose the Market order directly and write how many Bitcoins you want to buy and continue the transaction.

  • When the purchase order you have activated is completed, you will see your Bitcoin in your wallet. If you managed to buy Bitcoin from the right spot, you have a chance to make an excellent profit. That’s where the magic of Bitcoin is.

How to Buy Bitcoin in Australia by Binance Mobile App?

Do you want to trade via the mobile app of Binance, not the desktop version? It is possible to easily buy Bitcoin using AUD currency and benefit from the bank transfer method. What you need to do is first download the app and log in to your Binance account. Make sure your account is verified to continue transactions and complete the deposit.

  • Then click on Deposit AUD. You will see that it says PayID just below it. It will be very safe for you to trade with Unique PAYID.

  • From your phone, enter the amount of AUD you want to deposit into your Binance account. Then click the Continue button.

  • In order to complete the transfer process, you need to copy the unique PayID email address from which the money will be withdrawn. There should be a yellow copy button there. Click it.

  • Open mobile bank app or internet banking. Then click on the “Pay someone new using” option from here and click More on the drop-down menu.

  • In the menu that will open, you will need to choose which method you want to pay. Click on Email address option.

  • Then complete the transaction by entering your unique PayID here. You will have approved the deposit transaction. The amount you set in the AUD wallet in your Binance app will now appear. With this money, you can easily buy Bitcoin by trading as we just described.

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