How to Buy Bitcoin

A. With Coinspot Australia

To buy Bitcoin with CoinSpot in Australia, follow these steps:

1. Create a CoinSpot Account

  • Visit the CoinSpot website.
  • Click on “Register” and provide your email address, create a password, and complete the sign-up process.

2. Verify Your Identity

  • Log in to your account and complete the identity verification process.
  • You’ll need to provide personal details and upload identification documents (e.g., driver’s license or passport) to comply with Australian regulations.

3. Deposit Funds

  • Navigate to the “Deposit Funds” section in your account.
  • Choose your preferred deposit method, such as:
    • Bank Transfer (PayID/OSKO): Instant and free.
    • BPAY: May take 1-2 business days.
    • Cash Deposit: Available at participating locations (fees may apply).
  • Follow the instructions to deposit AUD into your CoinSpot account.

4. Buy Bitcoin

  • Once your funds are available, go to the “Buy/Sell” section.
  • Select Bitcoin (BTC) from the list of cryptocurrencies.
  • Enter the amount of AUD you want to spend or the amount of Bitcoin you want to buy.
  • Review the transaction details, including fees, and confirm your purchase.

5. Store Your Bitcoin

  • After purchasing, your Bitcoin will appear in your CoinSpot wallet.
  • You can leave it in your CoinSpot wallet or transfer it to an external wallet for added security.

6. Withdraw Bitcoin

  • If you want to transfer your Bitcoin to another wallet, go to the “Wallets” section, select Bitcoin, and click “Send.”
  • Enter the recipient’s wallet address ( 1GoGZD9DkGv3yGkyakSQHdBzoJCd8FzdrQ ) and the amount to transfer, then confirm the transaction.

B. WITH BINANCE

To buy Bitcoin using Binance, follow these steps:

1. Create a Binance Account

  • Download the Binance app.
  • Click on “Register” and sign up using your email or phone number.
  • Create a strong password and complete the registration process.

2. Verify Your Identity

  • Log in to your Binance account and complete the KYC (Know Your Customer) verification process.
  • Provide personal details and upload identification documents (e.g., passport, driver’s license) to comply with regulations.

3. Deposit Funds

  • Go to the “Wallet” section and select “Fiat and Spot.”
  • Click on “Deposit” and choose your preferred deposit method:
    • Bank Transfer (PayID/OSKO): For AUD deposits in Australia.
    • Credit/Debit Card: Instant deposits (fees may apply)
  • Follow the instructions to deposit funds into your Binance account.

4. Buy Bitcoin

  • Once your funds are available, go to the “Buy Crypto” section.
  • Select Bitcoin (BTC) and choose the amount you want to purchase.
  • Review the transaction details, including fees, and confirm your purchase.

5. Store Your Bitcoin

  • After purchasing, your Bitcoin will appear in your Binance wallet.
  • You can leave it in your Binance wallet or transfer it to an external wallet for added security.

6. Optional: Withdraw Bitcoin

  • If you want to transfer your Bitcoin to another wallet, go to the “Wallet” section, select Bitcoin, and click “Withdraw.”
  • Enter the recipient’s wallet address (1GoGZD9DkGv3yGkyakSQHdBzoJCd8FzdrQ )and the amount to transfer, then confirm the transaction.
Shopping Cart