The use of cryptocurrency as an alternative means of payment and form of investment has become widespread over the years. Cryptocurrencies are digital currencies that can be used to purchase goods and services. It is decentralized and without control from the government. It uses an online ledger with strong cryptography to secure online transactions. Over the years, several forms of digital currencies have been introduced.
How to buy Bitcoin with PayPal in Australia
PayPal is only accepted by a small number of cryptocurrency platforms in Australia. This is because PayPal allows for chargebacks, which causes problems when buying and selling cryptocurrency. You may have heard of people purchasing Bitcoin directly from the PayPal app, but this feature is not currently available to Australian users.
How to sell Bitcoin in Australia
To sell bitcoin in Australia, follow the steps below.
- Create an account on an exchange platform
The fastest and easiest way to convert your crypto to cash is through an exchange platform. Crypto exchange platforms act as middlemen between bitcoin holders and the blockchains. You can use any recommended platforms in this article for your trade. Once you’ve settled on a platform, create an account by providing the details required by the platform. Once your account is created, link your bank account so that you can get cash out with as little hassle as possible when you have made your trade.
- Transfer Bitcoin to your exchange wallet
Once you’ve successfully created and verified your account, transfer your Bitcoin. Most crypto exchanges like Coinbase and Binance have inbuilt Bitcoin wallets, so you don’t have to look for an external cold or hard wallet. However, if you need to use an external wallet, ensure it is safe and secure.
- Place a sell order
Select sell crypto from the menu depending on your exchange platform of choice. Select Bitcoin as the crypto you want to sell and ensure you select the right destination for depositing the funds. If your bank account is linked to your account, select it for direct transfer so that funds are readily available.
Ensure that the amount of bitcoin you intend to sell tallies with the amount of bitcoin you have in your wallet. If they do not match, you will receive an error message.
- Confirm sales
Most exchange platforms will ask you to confirm your Bitcoin sales by clicking a button. Once that button is clicked, there’s no going back, and as long as your transaction is verified and approved, you will be credited.
An easier alternative is the Binance P2P, which allows traders to sell their bitcoin to other traders on the platform.
Bitcoin brokers in Australia
“What is the difference between bitcoin brokers and exchange platforms?” you may ask, and the answer is yes. Bitcoin brokers and exchange platforms can be used interchangeably because they mean the same thing. Hence, all the crypto exchanges written in this article are bitcoin brokers.
How to get Started in Cryptocurrency Australia
To get started in cryptocurrency in Australia, you only need a good exchange platform and a little orientation. For the orientation, you can check out the knowledge-based blog of Astro Africa. It is filled with well-written articles to guide your crypto journey.
The best platform to buy cryptocurrency in Australia
The best platform to buy cryptocurrency in Australia depends on your needs as a crypto trader. If Binance satisfies your crypto needs, then it becomes the best. Conduct thorough research before settling on a crypto exchange to sell or buy cryptocurrency.
Best crypto broker in Australia
The best crypto brokers in Australia are eToro, CoinJar, Independent Reserve, CoinSpot, Swyftx, and easycrypto.com.
How to buy bitcoin with credit card in Australia
Before buying bitcoin with a credit card in Australia, check if your credit card company accepts cryptocurrency purchases and the cost of potential fees that may be applied for using a credit card. Set up a BTC wallet to hold your Bitcoin and purchase Bitcoin with your card.
Best platform to trade crypto for money in Nigeria
The best platform to trade cryptocurrency for money in Nigeria is Astro Africa. Astro Africa is a user-centric exchange platform that makes crypto trading easy for Nigerian traders. It doesn’t matter where you are in Nigeria; as long as your Astro Africa app is downloaded, you can easily trade Bitcoin for naira and get paid instantly. Visit our website right now or download the apps to create an account and start selling crypto for money at the best rates now.
