Buy Bitcoin (BTC)

How to buy Bitcoin (BTC) in Australia?

What is Bitcoin?

Bitcoin is the largest cryptocurrency by market capitalisation and the most well known cryptocurrency. The Bitcoin Blockchain was first released in 2008 by an anonymous figure by the name of Satoshi Nakomoto in a paper called: "Bitcoin: A Peer to Peer Electronic Cash System”. This paper proposed the Proof of Work protocol as a solution to the "double spend" problem inherent in digital currency.

Total supply of Bitcoins is capped at 21 million. The smallest unit is the 8th decimal place, 0.00000001 BTC which is called a Satoshi (or sat). The network is maintained by miners who validate and write transactions into the Bitcoin blockchain via the Proof of Work protocol. Miners are incentivised by being rewarded with Bitcoins. This reward is halved approximately every 4 years.