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Compare Bitcoin Prices in Australia
Australian bitcoin licence plates
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Bit TradeBTC MarketsCoinJarCoin LoftigotCryptocoinGet BitcoinCoinTreeCoinSectHardBlockForepostBuyABitcoinCoinSpotABA (ATMs)
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Compare Bitcoin Exchanges

Where you buy your bitcoins in Australia matters. If you look at just the fee, or just the price, you could pay 5-10% more. Both price and fee should be considered in context with the global averaged bitcoin price.

Compare Bitcoins Australia shows what you are left with at various bitcoin exchanges after buying $100 worth of bitcoins.

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<0.010 bitcoin (<$5) = No toys for dogs.
0.010 bitcoin ($5) = 4 tennis balls (+ 4 toys from me) = Total 8 toys.
0.020 bitcoin ($10) = 7 tennis balls and 3 rope toys (+ 10 toys from me) = Total 20 toys.

Bitcoin Prices



Bitcoin Exchange Features

Click headings to sort
Exchange or ATM Service Type of Business
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Founder/ Owner Listed on Website?
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Can Buy and Withdraw Without ID Verification?
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Provides Proof of Solvency/ Reserves
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Provides a Price to CBA for Comparison?
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Accepts EFT Deposits
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Accepts BPAY Deposits
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Accepts Cash Deposits
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Accepts Direct Debit
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Can Buy Without Signup?
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Can Buy Without Mobile Phone?
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Online Wallet?
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BTC Markets Marketplace Yes Yes NozNo No No Yes Yes Yes Yes No No Yes Yes No No No No Maybe Yes Yes
CoinJar Exchange Yes Yes NozNo No No Yes Yes No No Yes Yes No No No No No No No No Yes Yes
Buyabitcoin.com.au Exchange Yes Yes YesyYes but not for EFT No No Yes Yes Yes Yes No No Yes Yes No No Yes Yes but not for EFT No No Optional
HardBlock Exchange Yes Yes YesyYes No No Yes Yes No No No No Yes Yes No No Yes Yes Yes Yes No No
Australian Bitcoin ATMs ATM Service Yes Yes Noa No + info No No Yes Yes No No No No Feed cash to ATM No No No No No No No No
Forepost Exchange No No YesyYes No No Yes Yes No No No No Yes Yes No No Yes Yes Yes Yes No No
Get Bitcoin Exchange Yes Yes YeszYes No No + info Yes Yes No No No No Yes Yes No No Yes Yes Yes Yes No No
CoinSpot Marketplace Yes Yes YesyYes No No Yes Yes Yes Yes ($200 EFT limit) No No Yes Yes No No No No Yes Yes Yes Yes
CoinTree Exchange No No NozNo Yes Yes + info Yes Yes Yes Yes No No Yes Yes No No No No Yes Yes Yes Yes
igot Exchange Yes Yes YesxYes + info No No Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No No Yes Yes
Cryptocoin Exchange No No YeszYes but not for EFT No No No No Yes Yes No No Yes Yes No No Yes Yes but not for EFT Yes Yes No No
Bit Trade Exchange Yes Yes NozNo No No No No No No No No Yes Yes No No No No Yes Yes No No
Coin Loft Exchange No No YeszYes No No Yes Yes No No No No Yes Yes No No Yes Yes Yes Yes No No
CoinSect Marketplace Yes Yes YesaYes No No No No If seller allows it No No If seller allows it No No No No Maybe Yes Yes

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Bitcoin Exchange (and ATM) Fees and Prices

Prices are live (within 15 minutes). Last updated at 09:30 am today. [update]
Table shows how much you are left with after buying $100 worth of bitcoin.

Best price at the top - Sydney/Melbourne time - Prices in $AUD
Exchange / Info Deposit Fee $AUD Price Bitcoin received Bitcoin Average Price:
$554.8
Is business currently operating?
BTC Markets
- Is a marketplace (you buy from other bitcoin users via BTC Markets).
- Company owned by William G and Jarrod C.
$100
Deposit
0.85%
Fee

Fee can be reduced with volume discounts
$572.98
Best ask price from BTC Markets sell order book
0.17304
Bitcoin
$96.00
Value of bitcoin
Yes.
- Has an ABN.
- News updated in August.
- Twitter updated in August.
CoinTree
- Co-founders are Shane S, and Matt K.
$100
Deposit
0%
Fee

No fee to withdraw bitcoin. 2% fee on $AUD withdrawals
$575.47
Buy/ask price
0.17377
Bitcoin
$96.41
Value of bitcoin
Yes.
- Has an ABN.
- Blog updated in August.
- Email reply in August said they are operating.
CoinJar
- Buy/ask price here. Tip: It's the middle AUD price.
- Asher T and Ryan Z are co-founders.
$100
Deposit
2%
Fee
$565.27
Buy/ask price
0.17336
Bitcoin
$96.18
Value of bitcoin
Yes.
- Has an ABN.
- Blog updated in August.
- Twitter updated in August.
Buyabitcoin.com.au
- Domenic C is a co-founder.
$100
Deposit
3%
Fee
$565.90
Buy/ask price
0.17141
Bitcoin
$95.10
Value of bitcoin
Yes.
- Has an ABN.
- Email reply in August said they are operating.
HardBlock
- Founder/owners are Daniel W and Xuna X.
$100
Deposit
3.2%
Fee
$584.29
Buy/ask price
0.16566
Bitcoin
$91.91
Value of bitcoin
Yes.
- Has an ABN.
- Founder posting on social media in August.
- July: Had maintenance from 03-07-14 to 09-07-14 but is now back up.
Australian Bitcoin ATMs
- Buy at an ATM in Sydney, Melbourne and Canberra.
- Founder is Chris G.
$100
Deposit
0%
Fee
$568.82
Buy/ask price
0.17581
Bitcoin
$97.54
Value of bitcoin
Yes.
- Have ATMs in Sydney, Melbourne and Canberra.
- Has an ABN.
- Email reply in August said they were operating.
Forepost
- Founder/owner not listed on website.
$100
Deposit
0%
Fee
$593.00
Buy/ask price
0.16864
Bitcoin
$93.56
Value of bitcoin
Yes.
- Has an ABN.
- Email reply in August said they are operating.
Get Bitcoin
- Business partnership with Harry D and Max S.
$100
Deposit
4.4%
Fee
$580.59
Buy/ask price

0.16465
Bitcoin
$91.35
Value of bitcoin
Yes.
- Has an ABN.
- News on website was updated in August.
CoinSpot
- Is a marketplace (you buy from other bitcoin users via CoinSpot).
- Founder is Chris G.
$100
Deposit
1%
Fee
$596.96
Best ask price from CoinSpots sell order book

Note that CoinSpot's ask price defaults to a spot price if there are no entries in their open sell orders book (it doesn't happen very often).
0.16584
Bitcoin
$92.01
Value of bitcoin
Yes.
- Has an ABN.
- Twitter updated in July.
- Website shows bitcoin trading occurring in August.
igot
- Patrick M and Rick D are founders.
$100
Deposit
1%
Fee
$571.06
Buy/ask price
0.17336
Bitcoin
$96.18
Value of bitcoin
Yes.
- Has an ABN.
- Twitter was updated in August.
Coin Loft
- Founder/owner not listed on website.
$100
Deposit
3%
Fee
$579.88
Buy/ask price
0.16727
Bitcoin
$92.80
Value of bitcoin
Yes.
- Has an ABN.
- Twitter updated in August.
- Domain registered to "James Bond" as a privacy precaution. Coin Loft are in the process of changing it to a real name.
- July: I have had some problems with contacting Coin Loft in June and early July 2014 but this issue has been resolved.

Prices from exchanges that don't provide a price feed

Prices are not live and were retrieved at 9:15am on Thursday the 21st of August 2014.
Best price at the top - Sydney/Melbourne time - Prices in $AUD
Exchange / Info Deposit Fee $AUD Price Bitcoin received Bitcoin Average Price:$
(value you're left with after buying $100 worth)
Is business currently operating?
CoinSect
- Is a marketplace (you buy from other bitcoin users).
- Isuru F and Ollie R are co-founders.
$
Deposit
%
Fee

Fee can be reduced with volume discounts
$
Best ask price from seller in marketplace

Visit CoinSect to get their latest price. Type it in.
CoinSect working on API, live price coming soon.
BTC
$


Don't forget to type in the latest BitcoinAverage.com price at the top of this column.
- Has an ABN.
- Twitter was updated in June.
Cryptocoin
- Founder/owner not listed on website.
$
Deposit
%
Fee
$
Buy/ask price

Visit Cryptocoin to get their latest price. Type it in.
Live price possibly coming soon.
BTC
$


Don't forget to type in the latest BitcoinAverage.com price at the top of this column.
- Has an ABN.
- Twitter updated in April.
- Website was down on 07-08-2014 but is now back up.
- Email reply in June said they were operating.
- May: Was offline for 2 days (15-05-2014 to 16-05-2014) due to hosting issue but is now back.
Bit Trade
- R. Tucker is the managing director.
$
Deposit
%
Fee
$
Buy/ask price

Visit Bit Trade to get their latest price. Type it in.
Live price possibly coming soon.
BTC
$


Don't forget to type in the latest BitcoinAverage.com price at the top of this column.
- Has an ABN.
- Twitter was updated in August.
- June: Website was down on 03-06-2014 but is now back up.

Bitcoin Prices for the Last 7 Days

 

Bitcoin Average AUD Price per Bitcoin

Differences Between Exchanges

There are marketplace exchanges, there are exchanges, and there are ATM services.

The marketplaces have 'buy order books' and 'sell order books', or they have a system where users submit a buy/sell price to the marketplace (and others may take their offer). Marketplace users buy and sell bitcoin through each other in the marketplace.

Exchanges (that don't have a marketplace) have users that buy or sell bitcoin through the exchange. They exchange $AUD for bitcoin.

ATM services are ATMs at locations around some places in Australia.

The Marketplaces (BTC Markets, CoinSpot, and CoinSect)

BTC Markets - 1) Open your account and deposit money. 2) Once your deposit has cleared you can place a buy order. 3) Click on "Buy / Sell" and enter the amount and price you want to pay. The easiest and quickest way to buy Bitcoins is to select a "Market Order".

An alternative to a "Market Order" is a " Limit Order". When you place a limit order you decide what price you wish to buy or sell at. Your order will then be added to the BTC Markets order book and will be waiting for someone to submit a matching order.
CoinSpot - 1) Register for an account. 2) Deposit funds into your CoinSpot account. 3) Place a buy order with a limit for any rate you are willing to pay or if you want your coins fast place a "Quick Buy". CoinSect - 1) The bitcoin seller sets their payment method of choice, price, and limits. 2) The bitcoin buyer purchases the coins from a seller on CoinSect's marketplace. 3) The bitcoins sit in CoinSect's escrow until the seller confirms they received their funds. 4) The seller releases the coins from escrow after the buyers funds have been received.

The difference between the 3 above marketplaces is that CoinSect's bitcoin buyers send AUD to bitcoin users rather than CoinSect. BTC Markets and CoinSpot buyers send money direct to BTC Markets and CoinSpot.

1 reason why BTC Markets requires ID and CoinSect doesn't is because BTC Markets users may perform a "charge back" and reverse the AUD payment back into their own account. On the other hand CoinSect sellers can lie about whether they received the funds or buyers can lie about whether they sent the funds. CoinSect counters these bad traders with a member ranking system which allows you to pick the most trustworthy traders, based on number of completed transactions. Achieving higher ranks also significantly lowers selling fees. They also have a dispute process which handles and validates the legitimacy of each claim on a case by case basis.

Another reason exchanges require ID is to prevent Anti Money Laundering (AML) and Counter Terrorism Financing (CTF). Australian regulators may also implement AMF / CTF guidelines for bitcoin and exchanges currently processing ID's will not have to modify their operations.

 

All the the other exchanges - Send your funds to the exchange and get your bitcoins. If the exchange does EFT, BPAY, or other non cash-over-the-counter transfers then you will generally be required to provide ID. Some exchanges allow cash-over-the-counter purchases of bitcoin and transfer to your bitcoin wallet without ID.

The last remaining option not yet mentioned on this page is LocalBitcoins.com (similar to CoinSect). At LocalBitcoins.com you can meet the buyer in person and pay cash or use EFT if the seller allows it (they also have escrow). Note that LocalBitcoins.com is not registered as a business in Australia (they are based in Finland).

 

Other Australian Bitcoin Exchanges

Exchange Is business currently operating?
Fortune Coin Exchange
Fortunecx.com.au
- Founder/CEO is Steve R.
New exchange due to launch in late August 2014.
- Has an ABN.
- Website open for sign ups in mid August 2014.
- Possible marketplace exchange format (buy and sell from fellow bitcoin users via Fortunecx?).
- They contact me to be listed on this site and I am waiting for their site launch.
- They have some introductory posts on BitcoinTalk.org
- Twitter updated in August.
Go Get Coins
GoGetCoins.com
- Founder/owner not listed on website.
New exchange advertised on BitcoinTalk.org on 03-08-2014. Risky choice.
- Has an ACN (search: 169400908)
- Warning: This is the only Australian exchange not using https (using only http is unsecure).
- Did not respond to my email on the 18-08-2014.
CoinJelly
CoinJelly.com
- Founder/CEO is Ashley K.
Yes? Mainly an online wallet provider.
- Has an ABN.
- I think you can buy bitcoin but I can't find a buy/ask price. They list on their website in July and August 2014 that they have a 1% fee for buying and selling.
- Is CoinJelly misleading its users? Coin Fire says "Zurich Australian Insurance Limited (ABN 13 000 296 640) has not issued any policy of insurance to CoinJelly." yet CoinJelly says: "CoinJelly, through Zurich Financial Services Pty Ltd (Australia), guarantees user deposits up to 20 BTC" (comment removed from website in July 2014).
Spend Bitcoins
SpendBitcoins.com.au

Owner is Jeremy W.
Yes but you can't buy bitcoin (website just lists places to spend bitcoins).
- Has an ABN.
- 01-07-2014 website said: "... we are no longer offering our bitcoin purchasing service".
- 04-08-2014 website redirects customers wanting to buy bitcoin to LocalBitcoins.com.
Purchase Bitcoin
PurchaseBitcoin.com.au
- Founder/owner not listed on website.
- Possible founder/owner might be Karthik M.
Maybe but very risky to use.
- About page in May, June, July, and August 2014 says: "Purchase bitcoin has been seeling bitcoins for over 5 years". This guys exchange seems to be a few years in front of crowd. Perhaps he is Satoshi Nakamoto himself! His ABN was activated in August 2013.
- Home page in May, June 2014 says: "32455521 Bitcoins we sold so far" and later (in July and August) the number was "32455548". I highly doubt that a newly created, unknown website sold 27 bitcoins ($18,000) in a month, nor did it sell millions in previous months.
- Home page in May, June, July, and August 2014 also says: "We're the best in delivering the service fast and low cost, as often customers point us.". He sold millions of dollars worth of bitcoin to customers who point the website?
- Terms & Conditions page in May and June 2014 has wrong business name. Fixed in July.
bitXoin
- bitxoin.com
- Founder/owner not listed on website.
No. Ceased trading in July 2014.
- ABN.
- Duplicate placeholder text (with error) in place on home page from March to August 2014: "Place your order on our secure But Bitcoin order page".
- Broken form in Mar 2014.
- "Coding Bug fix is still underway" message in April and May 2014.
- In part of June 2014 the website was offline.
- In July the form now seems to be working.
- In late July and August a message says "Online shop is now closed." when trying to buy bitcoin. Internet search reveals others have not been given bitcoin amongst other things. See this discussion thread on a law forum. David C (director) is selling the business.
- Last on Twitter in Feb 2014.

BTCoz
- btcoz.com
- Founder/owner not listed on website.
No.
- 'Buy' form doesn't appear do anything when details are submitted in Feb 2014. In March and April 2014 the 'Buy form' has changed but is still broken (can only buy $19.50 worth of bitcoin). In May and June 2014 got the browser message: "This Connection is Untrusted". In August website had a blank page with the message: "Site temporarily unavailable.".
- No contacts (other than support form), no social profiles, no business name/ABN or names on website.
Bitcoin4 Australia
- bitcoin4australia.com
No. Comment on home page in March, April and May: "We are in the process of re-developing Bitcoin4Australia!". In June 2014 website message says: "OUT OF STOCK!". Similar message in August.
- Has an ABN but doesn't mention trading name.
- 90+% of testimonials on the website feedback page look fake (page removed in Mar 2014).
- Last on Facebook in Feb 2014 but appears (to me) that they may have bought "likes"?
- Facebook comment from customer (comment deleted in Mar 2014): "Legal action is being taken against this company as they have failed to send $3000 worth of bitcoins Just a warning to everyone before you use these Assholes".
21st Century Bitcoin Exchange
- 21stcenturybitcoinexchange.com.au
No?
- Page redirects to "Australia's First Bitcoin ATMs" page in March, April and early May. In late May and June the page redirects to a bitcoin ATM website (abatech.com.au). In August it redirects to 21stcenturybitcoin.com.au selling bitcoin ebooks.
- When the exchange website was online there were more negative reviews than any other exchange and a few red flags.
Bitcoins Now
- bitcoinsnow.com.au
No.
- ABN?
- Website taken offline in Mar 2014.
Bitcointrader
bitcointrader.com.au
No.
- Ceased operations in early 2014.
Crypto X Change
cryptoxchange.com
No.
- Went offline in 2013.
BitPiggy
bitpiggy.herokuapp.com
No.
- Went offline in 2013.
Omnicoins
omnicoins.com
No.
- Went offline in 2013.
Bit Innovate
bitinnovate.com
No.
- Went offline in 2013.

 

More...

You can learn more about Compare Bitcoins Australia, get an introduction to bitcoins, or you can contact me.

 

Note that the backup price (if BitcoinAverage.com goes down) is powered by CoinDesk.