Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Bitcoin Cash. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a decent number of reliable and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has Bitcoin Cash. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Bitcoin Cash in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Bitcoin Cash in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Bitcoin Cash, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Bitcoin Cash.
You can also check out our comparison of the best cryptocurrency platforms If you’re looking to learn more about the exchanges we would recommend.
2. Sign up with the crypto exchange
Once you’ve decided on which exchange to use, it’s time to sign up.
Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.
Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.
Once done, it’s time for the next step.
3. Funding your account with AUD
To buy Bitcoin Cash, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.
4. Buy Bitcoin Cash
The final step is to go to their asset list, find Bitcoin Cash, navigate to the buy section, and then trade your AUD for some BCH. Once you’ve bought Bitcoin Cash, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.
Where to Buy Bitcoin Cash (BCH)
|5/5||300+ cryptocurrencies||Visit Swyftx|
|4/5||200+ cryptocurrencies||Visit Coinspot|
|3/5||400+ cryptocurrencies||Visit Binance|
Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.
Affiliate Disclosure: This site is supported by its users. We may receive commissions for purchases made through the links on our site. This does not impact our reviews, guides or comparisons.
How to Sell Bitcoin Cash
If you’re thinking about selling Bitcoin Cash, just follow the steps below.
- Sign in to the cryptocurrency trading platform (like Swyftx).
- Click on Bitcoin Cash in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
- FInd the sell section and sell Bitcoin Cash for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Bitcoin Cash in Australia legal?
Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.
How to buy Bitcoin Cash with PayPal?
Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Bitcoin Cash. Have a look on their site first, you might be lucky.
How to buy Bitcoin Cash with a credit card or debit card?
Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Bitcoin Cash with your credit/debit card.
About Bitcoin Cash
Bitcoin Cash is a mixture of gold-like scarcity as well as spendable nature cash. Bitcoin Cash is limited to 21,000,000 coins. It can be used just like physical cash. Transactions are fast and fees are often less than one tenth. Anybody can accept Bitcoin Cash payments via a smartphone or computer.
Bitcoin Cash has many uses. Bitcoin Cash can be used to conduct peer-to-peer payments between individuals. You can also use it to buy goods and services in-store or online from participating merchants. There are no fees for micro-transactions. For a few cents, you could tip content creators and reward app users. Bitcoin Cash lowers fees and settlement time for cross-border trades and remittances. Bitcoin Cash has many other uses, including tokens, simplified smart contracts, and private payments through tools like CashShuffle and CashFusion.
Bitcoin Cash is a decentralized network which allows users to influence its development. One key feature of the code is that Bitcoin Cash has a maximum supply limit of 21 million coins. This will likely remain so.
These are the key features of Bitcoin Cash
- The ledger keeps track of transactions and is constantly updated. This allows users to track ownership and detect fraud threats quickly.
- Bitcoin Cash is an open-source cryptocurrency that anyone can use without restrictions. Transactions are anonymous.
- Protocols are a protocol that ensures the longevity of stored data. The protocol can be improved by ecosystem participants but it needs high levels of consensus.
- All transactions on the blockchain are unaltered.
- The Proof-of-Work (PoW) increases network security.
- Bitcoin Cash is a hard currency that has a maximum supply limit of 21,000,000 $BCH.
- Bitcoin Cash is an alternative to traditional payment networks that is fast, cheap, and reliable.