Investing in Bitcoin with a Crypto Exchange in Australia
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Cryptocurrency has taken the news by storm over the past several months. Australians across the nation are stacking their portfolios with cryptocurrency, specifically Bitcoin. As Bitcoin gains the spotlight in the media, public interest also grows with many wondering how to buy Bitcoin in Australia. In reality, it’s actually quite simple to buy and sell Bitcoin in Australia. Perhaps the easiest way is to buy from a reputable crypto exchange in Australia.
Get started: Click here to invest in Bitcoin in Australia today!
Crypto trading in Australia
The first thing that you may be wondering is ‘Why is crypto trading so popular in Australia?’ This question may seem complex at the surface but is actually pretty simple.
First of all, let’s get a definition going for cryptocurrency.
Cryptocurrency, or crypto for short, is a form of digital currency that runs virtually on a decentralized network of ledgers known as a blockchain.
In the past decade, crypto has quickly revolutionized the way financial processes are conducted around the world. This digital currency works like cash and can be used to secure digital purchases.
The difference between crypto and cash is that at the end of the day the value of your cash is the same. With crypto, the value you invest can keep growing the same as stocks. If you invest 5,000 dollars into cryptocurrency then that 5,000 dollars can quickly grow and be worth much more than your initial investment.
There are actually several different types of cryptocurrencies that you can invest in. While there are different types of crypto the best return on your investment is Bitcoin. Bitcoin is the most popular Crypto for Australian investors because the value is roughly 560 billion at the time of writing.
A great reason to buy Bitcoin in Australia is the liquidity of your investment. While other market investments require a long waiting period to pull out or receive payment, this isn’t true for Bitcoin.
Another reason we are seeing the increased use of Bitcoin in Australia is the increasing use of Bitcoin as a major payment source. Overall the convenience of using Bitcoin is one of the driving factors of investing in Bitcoin.
Read more: What are the different types of crypto?
What are crypto exchanges?
One of the major factors in investing in Bitcoin and crypto as a whole is understanding the cryptocurrency exchange market. This is so important because finding a good crypto exchange is the key to investing in Bitcoin. Using a crypto exchange is how you will trade Bitcoin, as well as purchase and sell coins.
When understanding crypto exchanges it is important to review the two different types of crypto exchanges.
- Centralized Exchange is the first type of crypto exchange that we will review. Centralized Australian crypto exchanges work as a private company that oversees trading and selling. A centralized exchange has a central private server that only users can access and trade with. If there is an issue with the private exchange server then that stops every user from purchasing crypto.
- Decentralized Exchange is the second type of crypto exchange to know about. Bitcoin works as a decentralized exchange market. There is no common, or central, server. It can be accessed freely across Australia. Every user creates their own market server. While every user is an important part of the market, if one server goes down the exchange isn’t affected. This is because there is no need for a centralized server to keep the exchange functioning.
There are positives and negatives to both types of exchanges. Decentralized can seem like it cuts out the need for a centralized service, but a centralized service can offer useful assistance and resources for trading. It comes down to what you are most comfortable with as an investor.
Buying Bitcoin in Australia
After deciding that cryptocurrency is the right move for you then you are ready to move on to the next step. The next step is selecting a trusted exchange that will help you with every step of your Bitcoin investing journey.
Using the right exchange resource is a major factor in your success with Bitcoin. If you use an untrusted or unreliable exchange platform then you can lose money as well as your peace of mind.
Using a trusted service truly is the most important step in buying crypto. When you know that your money is safe then you feel more at ease with your trades. Feeling safe with your investments will allow you to relax and grow a larger investment.
Once you have found a safe exchange service you will also want to ensure that the service allows you to trade on your own time. 24/7 trading is an important contributing factor to the growth and management of your investments.
When your investments are limited business hours then you can feel restrained. Buying Crypto should be easier and more fun than constantly worrying about the market.
What is the best crypto exchange in Australia?
When it comes to buying and selling Bitcoin, or any other cryptocurrency in Australia, Easy Crypto is here to help you.
We are a cryptocurrency exchange service that allows you to buy, sell, and trade Bitcoin as well as other digital currencies. Having Easy Crypto on your side can make a difference in your financial future.
Easy Crypto does just what it sounds like, it makes the seemingly complicated world of crypto exchange easy to understand and even easier to make a profit. Easy Crypto has been featured on top news sources such as The Spinoff, Scoop, NBR, and Newshub.
Using Easy Crypto to exchange Bitcoin is truly easy. You simply make your profile and then start investing. The exchange website breaks everything down for you with a user manual and help page included in the website. Investing in crypto quick and simple with Easy Crypto.
Ready to buy Bitcoin? Click here to purchase BTC in Australia.
There are many great resources available to you as you start investing in the Crypto market. However, it is important to use one that values your financial safety, like Easy Crypto.
With a safe crypto exchange on your side then you are ready to succeed in the Bitcoin market and conquer the crypto world.
With that said, feel free to explore other topics on the Easy Crypto learn site to expand your knowledge on all things crypto.
Last updated February 25th, 2021.