AUD

21VOX

Multi-currency support added! * **USD** ($) — US Dollar (default) * **EUR** (€) — Euro * **GBP** (£) — British Pound * **CAD** (C$) — Canadian Dollar * **AUD** (A$) — Australian Dollar * **JPY** (¥) — Japanese Yen * **CHF** (CHF) — Swiss Franc * **BRL** (R$) — Brazilian Real * **MXN** (MX$) — Mexican Peso * **INR** (₹) — Indian Rupee

21VOX

Multi-currency support added! * **USD** ($) — US Dollar (default) * **EUR** (€) — Euro * **GBP** (£) — British Pound * **CAD** (C$) — Canadian Dollar * **AUD** (A$) — Australian Dollar * **JPY** (¥) — Japanese Yen * **CHF** (CHF) — Swiss Franc * **BRL** (R$) — Brazilian Real * **MXN** (MX$) — Mexican Peso * **INR** (₹) — Indian Rupee

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Post is by: New_Criticism2547 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1rtdiwt/how_can_you_buy_usdc_safely_and_avoid_high_fees/ I’ve been looking into buying **USDC** recently and noticed that the “safest” method isn’t always obvious, especially with all the exchanges and platforms available. USDC is a stablecoin, so price volatility isn’t really the issue — it’s about **security, transparency, and minimizing fees**. From what I’ve seen, most people consider three main options for acquiring USDC: **centralized exchanges, peer-to-peer platforms, and fiat-to-crypto gateways**. Each has pros and cons: |**Method**|**Pros**|**Fees / Considerations**| |:-|:-|:-| |Centralized exchanges (Binance, Bitget, Coinbase, Kraken)|High security, regulated platforms, instant liquidity|Trading fees typically 0.1–0.5%, possible deposit/withdrawal fees depending on fiat method| |Fiat-to-crypto apps / payment platforms|Quick, beginner-friendly|Often higher fees, 1–3% for credit/debit cards, better rates with bank transfer| |Peer-to-peer (P2P) platforms|Flexibility, local payment methods|Must verify counterparty trust, extra caution required| **Centralized exchanges** like **Binance** and **Bitget** are usually the go-to for most users because they combine **regulatory compliance, strong liquidity, and clear fee structures**. You can deposit fiat (USD, EUR, AUD, etc.) and immediately swap for USDC. Bitget, in particular, has **low trading fees** and supports both spot trading and fiat gateways, which makes it convenient for users looking to get USDC securely. **Fees to expect** can vary depending on the method: 1. **Spot trading on an exchange** – usually **0.1–0.2% per trade**, sometimes lower with VIP tiers or using the platform’s native token. 2. **Fiat deposits** – bank transfers are often free or very low cost, but credit/debit card purchases can cost **1–3%**. 3. **Withdrawals** – moving USDC off an exchange may include network fees if using Ethereum or other blockchains; these fluctuate with network congestion. A few practical tips: * Stick to **well-known exchanges** for your first USDC purchase. It reduces risk of scams or frozen accounts. * Use **bank transfers** when possible to minimize fees. * Double-check **network selection** if withdrawing USDC — Ethereum (ERC-20) vs. Solana (SPL) can have vastly different fees. * Keep an eye on **exchange promotions**; some platforms waive fees for new users or for certain deposit methods. At the end of the day, the “safest” way tends to be using a **regulated centralized exchange** with strong liquidity and clear trading rules, rather than relying on P2P or unfamiliar gateways. Source:[https://www.bitget.com/academy/safest-way-buy-usdc-and-fee](https://www.bitget.com/academy/safest-way-buy-usdc-and-fee) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Forsaken-Salt-367

I've been putting in AUD$300/ fortnight for my 9 y.o. and 12 y.o. daughters for about 9 months. We had just been putting the money into a bank account (not even shares) for about 8 years like dumb arses. I do kinda feel bad when my wife asks "how's the Bitcoin going" (since we have now lost a shitload of value by putting it in Bitcoin) but I'm still putting the money in every fortnight and just keeping quiet about the current crypto climate. Hopefully it doesn't crash majorly or I'll really feel like I screwed up their future

aTurnedOnCow

Just been refurbishing a penthouse in Melbourne. Apparently the guy who owns it is like 20 and made his money through crypto. He bought it for around $25 million AUD and dropped another $10 million on the refurb. Seems like someone’s making plenty of money from crypto lol.

Quirky-Country435

Bro I’m a professional futures and forex trader. When I say professional, I mean 7 figures a year. One thing people outside of trading often don’t understand is that global markets are deeply interconnected. Currencies, commodities, equities, and even crypto are influenced by the same macro forces. Things like the strength of the U.S. dollar, interest rates, geopolitical tensions, and energy markets affect nearly everything. For example, oil and gold play major roles in global macroeconomics. Oil affects transportation, production costs, and inflation worldwide. Gold is often treated as a safe-haven asset, so when uncertainty rises, money tends to flow toward it. Because of that, when major geopolitical tensions escalate, especially in regions connected to global energy supply like the Middle East, markets across the board can become extremely volatile. Right now there is significant geopolitical tension involving Iran and Israel, and the United States is heavily involved politically and militarily in supporting Israel. Whether someone wants to call that a war or not, the reality is that when major powers are involved in a conflict, global markets react. When volatility spikes like this, currencies, commodities, indexes, and crypto can all move sharply. As a trader, that’s where opportunity exists because you can profit whether markets go up or down. For example, earlier there was roughly a 170–200 pip move in AUD/USD within several hours, which is a significant move for that pair considering that since January it's only been 60 to 80 pips a move. Those kinds of moves happen when macro news, risk sentiment, and liquidity shifts all collide at the same time. But if you’re someone who simply holds assets like crypto, ETFs, or commodities without actively trading them, periods like this can be difficult because volatility cuts both ways. Personally, I don’t focus on holding assets long term. I trade futures across multiple markets including indices, commodities, and agricultural products. Markets like gold, oil, corn, soybeans, cattle, and equity index futures all respond to macro events differently, but they’re still part of the same global financial ecosystem. Because of that, when I see major geopolitical tension developing, I’m looking for trading opportunities to short everything. For people who do hold assets, risk management matters. Sometimes reducing exposure during extreme volatility can make sense rather than riding a large drawdown and hoping for a recovery. And if you’re participating in markets at all, it’s important to stay informed. Following financial news sources like Bloomberg or other macro outlets helps you understand what’s actually driving the market. Markets move in cycles. They rise, they fall, and they stabilize again. The key is understanding the environment you’re trading in and adjusting your strategy accordingly, or losing your money you choose.

69_breeze_69

I went all in on 122k with 16k AUD, now its 8k aud. That was all i had at that time.

Old_Cat_9534

First time buying sub 100k (AUD) since Aug 2021, that's crazzyy but still, feels good to stack sats and HODL at a discount.

Day1exchange

I don’t think the bank will care that much if you’re buying crypto, provided your income and overall financial position supports those purchases. What I would personally suggest, not financial advice, is using a go-between digital bank. Transfer from your main bank into a neo-bank (for example, Up Bank) and label it as savings when it leaves your primary account. Then fund your crypto exchange from that neo-bank. Worst case, if you ever need to liquidate BTC, you can sell and return the AUD to that same account to demonstrate balance and keep your bank comfortable. Alternatively, you could take a crypto-backed loan depending on market conditions. Again, not financial advice. Using a go-between bank also reduces the risk of your primary bank freezing or debanking you over crypto transactions. One more thing, and yes it will sound like a shameless plug because [Day1x.io](http://Day1x.io) genuinely ticks these boxes, is choosing an exchange with fast, free deposits and, importantly, fast, free withdrawals. If you ever need to quickly convert to AUD to demonstrate liquidity, that matters. And of course, lowest spreads and trading fees don’t hurt either 🙂

blitzkriegkitten

and in AUD too 🤌

JYoungSocial

I recommend finding some "happy medium" between saving for a house and DCA'ing into bitcoin. For example, would it be possible to DCA 500 AUD per month? If you did that, then you'd still be WAY ahead of the majority of the globe. Thoughts?

Berg_turdler

Hardcore coiners will tell you not to, but thats what I did. The plan is to buy back in at a lower price point and increase my equity. I sold at about 117k AUD. It means I'm checking the price daily to make sure it doesn't rebound to the moon, but I understand that is a risk. This is not finanical advice, i'm just saying you wouldnt be the only one. People are predicting the price to continue going down, I am one of them and subscribing to the fact that this 4yr cycle is no different to the previous ones. Good luck

Berg_turdler

50K AUD pls

Ok-Basis7347

Yes tempted to buy more but it’s $114,000 AUD, so might buy some more. 

CandyLiving5009

Investing 18k AUD at ATH was a tough lesson in market cycles. However, questioning the long-term value because of a 4k USD drop suggests you might be over-leveraged or too focused on the daily chart. If the fundamentals of Bitcoin haven't changed, your 10-year thesis should still hold. Use this time to learn more about the tech so you don't get shaken out by every dip.

KoldPurchase

Bitcoin won't change anything to that. It's not just one bad President, it's an entire country's decision to slide toward that movement. Trump didn't arrive there by accident, he was chosen by half the population, lots of people in the world love him like a god, including in Canada. It's a trainwreck that was in slow motion since the 80s. Probably since the Civil War ended, actually. Anyway. It's not Central Banking the problem. Central Banking is maintaining the US afloat. Crypto currencies are being manipulated by whales. Unless your forbid all market trading of Bitcoin, your only currency - and then you have other problems - , you can't fix currency manipulation. A couple of whales could liquidate their bitcoins to buy Euros. Or they hoard it and the poor have nothing left, just like in medieval times with land. Look at the BC or any crypto charts vs US$ or AUD or CAD to prove my point.

Necessary_Flounder_7

Quick update: I’ve implemented everything you mentioned. • Added support for additional currencies (including AUD), so expenses and tables work cleanly in local currencies. • Moved the drag bars (for users that view the app on mobile) so the values are visible while adjusting (no more finger blocking the numbers). • Added CSV export for the prediction table so it’s easy to pull into Excel Really appreciate you taking the time to offer feedback. If anything else comes to mind, I’m all ears. Thanks again!

Michael_McCarthy

Oh I see. Best of luck with it brother. I bought 100 bitcoins back when they were ~$12 AUD. I didn’t get rich from it unfortunately 😢

Specialist-Jelly2571

A mate of mine was in a tight spot back in ‘16 asked me if I wanted to buy 1 BTC off him for 1k AUD. I remember it was at an all time high so I said no and got a bracelet for my cheating ex wife instead. Good times. Working my way back towards that 1 though

Ecstatic-Media-6774

I just came back HOME after having grilled burger $16.90 AUD.

YeHa1

Is it too late to buy some gold and silver now? I have 1.5k AUD

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Post is by: AussieCasanova and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1qni4zx/crypto_newbie_and_100k_to_invest/ I have $100k AUD to invest, but I know nothing about crypto. Where to go to learn about it to make an informed decision? Thanks! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

voss800ml

I am Aussie, so was using AUD. :)

Fear_Blind83

Can confirm BTC was $180,000+ AUD at BTC USD ATH

Fear_Blind83

Can confirm BTC was $180,000 AUD at BTC ATH

Michael_McCarthy

When I first heard of bitcoin back in the day I bought 100 of them for ~$12 each or ~$1200 AUD total. I spent and sold them all way too early unfortunately. I could’ve been a multimillionaire. Shit happens.

nugymmer

Or me…I sat there on the sidelines and watched in grievous agony as ETH went from under $1 AUD to well over $1000 AUD. I could have easily bought 10k worth of ETH. What did I do instead? Yup, you guess it…nothing. Could have gone from a nobody to someone worth tens of millions of dollars. While it wouldn’t help fix my damaged ears, or my brain damage (it’s a long story; post history reveals a lot more I’d rather not discuss), it would surely help my family out. 

Logical-Hotel4199

Convert to AUD for even higher numbers!

BillyBosh

I just ask binance about this.... Hi user, please know that our previous AUD service provider has indeed already been stopped. The one you are currently using is a service provided by another AUD service provider which we just recently launched.

Fear_Blind83

Binance stopped supporting AUD transfers in 2023 as per their post. https://www.binance.com/en/square/post/584844

wallyone123

CRO to hit $1.25 AUD around June this year.

beaconAndeggs434

Wait silly question how can you buy $10 at the time, I am in Australia and on app like Binance minimum is like $100 AUD

hyrola_au

Irrelevant of the maths, whether you used a AI to write this for you, I am purely writing as if this post is legitimate. I did the exact same but with only 20k AUD in alt coins, a chunk of money I was happy to lose (but ideally didn't want to). My brother in law has been through multiple alt coin seasons, he's had BTC, ETH and then a range of alt coins. His initial investment was 100K some time back now, and before the crash in October? this year he had 600K (500k profit - not counting taxes and money to withdrawal). He does charting every day, he's done courses and has a group of people who invest and collaborate who do the same. He was loving seeing the profit, till now. Hes gone from 600k portfolio to less than 300k as he moved all his BTC and ETH to alt coins such as SOL, SUI, SONIC etc. I too have about 20k in the above and down over 50% currently, for me its a live and learn. I wish I had that 20k now that we just had Christmas etc. but also I am just going to leave it there now and wait. Brother in law still has a slight hope of an alt coin season but I can see it in his eyes and hear it in his voice, his hope is not like it used to. Now to the real question which option. I would rule out option B. You are taking more loss transferring, and right now its just too volatile to pick any alt coin to rally. So you have the get out option A, use the tax losses to your advantage but still come out down. Otherwise if you can live and survive, not have to sell a car, or assets might have to sit on what you have, just remember you havent lost anything yet till you actually withdrawel. You still have the amount of coins you had when you put in 88k or whatever it was. Either way, yes you got caught up in the hype train, 4 year cycle was coming to an end, top analysts were all banking on massive rallies... but at the end of the day, this is all funny money, dictated purely by the whales out there. We are living in their world, they want to pump in a few hundred million, watch the little people like us trip over themselves, then pull out. This is not a game you play to bank on winning, only hope.

OkSeries5363

If you had no relationship with the ATO then of course no tax, but that means your like a tax resident of somewhere else who may want to. If you recently became a tax resident of Australia then value is simply the cost basis is AUD value on the day you became a tax resident. (This perfect for someone who wants to avoid all their previous capital gains) It will be the same if bring USD then sell, the best advice depends on your situation. The good news is all your previous previous capital gains are completely avoided depending on your exit tax in your home nation. If you just wanting to turn the USDC and USD into AUD, then it's probably easier to just sell USDC for USD, and manage that with your home nation tax, then do your USD to AUD in one go.

ForestFreund

Right but this money has been in USDC for literally several years, long before i had any tax relationship with Australia or the ATO. So in theory you’re saying that to calculate my cost basis on these USDC I would need to go back several years and look at what the exchange rate from USD to AUD was at that time? I think I’ll just swap whatever $$ I will need back to USD before moving over there, and then use traditional rails to move that USD to AUD. and avoid the whole mess.

OkSeries5363

If AUD is your local currency you are not opening a position. You are just closing a USDC position by selling USDC. USD and therefore USDC has been dropping against AUD so you potentially have capital losses. To calculate its just, the proceeds, what you received in AUD when you sold or the AUD value of the asset you sold for minus the cost basis, which is what your paid in AUD to buy the USDC. Eg you bought 1000 USDC for $1550 AUD so your cost basis is $1550 AUD When you sell the 1000 USDC say you receive $1500 AUD That means proceeds ($1500 AUD) - cost basis ($1550 AUD) = -$50 AUD So you have a $50 AUD in capital losses you can use to offset any gains that year. If you use Wise there will also be a capital gain or loss since you are getting rid of USDC.

ForestFreund

Really trying to work out how I could calculate what the gain or loss would be when swapping from USDC to AUD. It feels to me like that would be opening the position, not closing it. So no gain or loss could truly be calculated until I swapped back or perhaps to a different asset. Maybe it’s just easier to use Wise

alexkey

You do trigger a cgt event even in us, but if you sell your USDC for USD and to US bank account, the tax on that would be 0 since no gains. FYI Australia uses AUD, not USD, and exchange rate to USD is not fixed, so you do trigger CGT event and it will be either gain or loss depending on where the exchange rate goes. And any legitimate exchange reports transactions to ATO if you link it to AU bank account (or otherwise mark Australia as your place of residence).

DeanCorp

Reminds me of when I told my school friend about BTC at $300 AUD. She saw me a year ago and said “you never told me I could buy half a bitcoin, or is that a new thing?”

Day1exchange

Like every other exchange, we charge a spread. Unlike every other exchange, we display it on the trading page so you can see it, therefore it's not hidden. This feels like a bit of a hit piece (from a banned account, but I'll respond anyway) because our BTC/AUD spread is 0.03%, so a trade is 0.13%.

Derpyxhicken

And 1mil USD is 1.5mil AUD 😭

Derpyxhicken

Personally and realistically if I had to invest it. I’d do 60% SP500 20% GOLD 20% BITCOIN but I am Australian so $1mil is more like $750,000AUD

OddBackground6835

Since I live in Australia , I check one exchange with the price in AUD then open CMC just in case

uniqueheadshape

all i know is F buying boomers overvalued property ... Buying Bitcoin. Will sell my Bitcoin to the oldies when we hit 2 million AUD a bitcoin (a portion of it anyway)

No-Entrepreneur-1010

so as a vietnamese living in aus i went aboard to study when i was exactly 18 now im 21. For the first year and a half my parent was worry sick and send a bunch of money like 8k AUD per month. Being so young at that time i know if i keep it in my bank account i ll just spend all of it. And luckily btc was so low at that point like 17-25 i dont really remember, so i just put all the money i have in there ( well to be fair i probably gonna have 2 3 btc if i didnt burn all of it in PC laptop, games, and bunch of stupid shit) but still thats my story but i think im the lucky one

69_breeze_69

AUD

OrangePillar

AUD?

waitareyou4real

AUD

No-Entrepreneur-1010

AUD

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Post is by: Responsible-Care-709 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1ph0ug8/are_my_clients_being_scammed/ Hello all Crypto enthusiasts, I’m a financial planner based in Australia and I have a couple (70 years old) who have ran into a bit of an issue. Essentially, the couple have a CoinBase account in which they have $693,273.92 (AUD) held in a fund called ‘Zether’ (USD.Z). I asked how they managed to get ahold of these funds but my question was answered with asking if they could pop into the office tomorrow morning to get it sorted. The issue is, Zether is on the BNB Chain (BEP-20) and it seems like Coinbase doesn’t support this particular network. The issue becomes even more apparent because you can’t trade Zether on CoinBase either. My line of thought was for the couple to open a Coinbase Wallet account and then link the Wallet with their regular Coinbase account, get the Zether into the Wallet, make use of pancake swap to change from BEP-20 to ERC-20 and then change from Zether to USDC before transferring it all back into the regular Coinbase account and then depositing into the bank account. On this basis though, I have a few questions: Q1. Are my clients being scammed? (ChatGPT seems to think so) Q2. Is Zether a legit cryptocurrency? (I’ve never heard of it before) Q3. Would my plan of attack actually work? (Fees/taxes don’t matter, just want it sorted) Hopefully someone in the know is able to help me out. For any fellow financial planners or regulatory bodies listening, AML/CTF obligations are at the front of mind. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

No-Entrepreneur-1010

my sister bought a pretty cheap house and the interest alone is 8k AUD per month already. 900 seem like a dream

Severe-Masterpiece61

Let's calculate where that could get you in the scenario that bitcoin performs 10%/year for five years and you consistently DCA 200 AUD/week 1.10\^(1/52) = 1.00183457 so 10%/year = 0.183457%/week With A = 1.00183457, after 5 years = 5\*52 weeks = 260 weeks, you get 200 \* (A\^260 - 1)/(A - 1) = 66556 AUD So you can reasonably hope for about 66k AUD of BTC in 5 years. And in this scenario, bitcoin would be 140000\*1.10\^5 = 225000 AUD, therefore you'd have 0.296 BTC Of course that computation disregards volatility. It also disregards your emotions that might make you buy less went it dumps and more when it pumps, leading to less BTC in the end. Some might also argue that 10%/year is too conservative. Feel free to redo the calculations with another value. Happy stacking !

Cirrocumulu5

There is future value in cutting edge technology, ai and privacy coins but you've got to do your research. What is more risky is keeping your money in fiat like AUD, its all eventually going to zero. Thats why things are seeming becoming more expensive.

uniqueheadshape

its just so expensive with the AUD

Shift_Tex

Your total is $40. Will that be USD, EUR, CHF, AUD, GBP…what’s the point? They don’t accept EUR in store in the US. It’s a choice.

69_breeze_69

AUD 😜

Majesticmerkin

If BTC reached $1,000,000 USD, its market cap would be: 21 million coins × $1,000,000 = $21 trillion (assuming full circulation) That’s roughly: More than twice the value of all gold ever mined (~$12T) About the same size as the entire U.S. stock market in 2020 20× larger than the total crypto market today So if that happens, it likely means: Bitcoin has gone mainstream as a global store of value Institutional money, sovereign funds, and possibly nations are holding BTC Fiat currencies (like USD, EUR, AUD) have weakened or inflated significantly Basically, the world has changed — crypto wouldn’t be a niche; it would be a major financial pillar.

Narrow-Bee-8354

I can send you a pic of it in AUD, it’s even better

GiverTakerMaker

In Australia, a lot of family homes are already pushing AUD$2M.

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Post is by: iTzSonicHD and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1otdtj7/what_day_of_the_week_is_the_best_time_to_dca/ I put about $500 AUD a month into BTC/ETH and a few other alt coins. I’ve been buying once a week on Tuesday mornings (Sydney). Lately it feels like I’m catching the US Sunday / Monday pump instead of the dip. If you DCA weekly have you noticed any pattern at all, or do you just not think about it and buy whenever? Curious what others are doing. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Specialist_Error3739

I brought BTC at $43,000 AUD and would be stupid to sell any bitcoin I DCA,d into up to $120,00 AUD because I don’t think it will ever back to these levels again

wallyone123

$1AUD will do.

EarthBornJim

Bought a ton of it at $50 AUD. Just cashed out half at $800+ AUD and couldn't be happier. What a ride this one was. Will be interested in seeing what happens with the other half.

paulymat

I haven't onloaded AUD into crypto.com app in a while, but it used to be 1:1 for AUD/USDT on the app and then send it to the exchange, I just checked it out and that no longer appears to be the case. I'm not sure what the best way to get AUD into the crypto.com exchange is anymore in that case.

DBRiMatt

You are probably better off using another CEX like Coinspot or swyftx, to onramp funds, buy USDC and then send to your Crypto.com exchange. I only Use the Crypto.com app to on-ramp AUD to load directly into my card for day to day transactions - their spreads and fees are too high to buy or swap crypto on them.

Herosinahalfshell12

To get AUD funds in Crypto.com exchange do you have to sell to USD on the app and then transfer? Is the spread to USD rubbish?

crooks4hire

20k CAD or AUD?

Ola_the_Polka

My average buy price is $54k AUD so I’m still waiting for it drop before I buy more lol fml

Top-Attitude1792

I bought in 2012 at about 25 AUD, lost the passwords to my wallet with enough for an Oscar of the road’s finest ganj still in it. At that time I believe there was about 10 or 11 bitcoin in there. I know a number of people that I used to hang with that this happened to. Gone forever now, so I’ve never been keen to get back in. Just enjoy lurking watching the ebbs and flows now lol.

ShieldScorcher

I did buy my first BTC for 500 AUD around that time. Not sure about the exchange rate but it seems roughly around that price. The next two BTC I got for 800 I still keep all the purchasing logs 🤪 All together I got 10 BTC in the first two years of my crypto adventure. I think it was 2013 or something

imjustbeingreal0

Yeah come to think of it I think I almost did buy at its peak. But it's dropped around 30-40% in AUD at least

mathaiser

You live in australia. You need to pay your supplier in America. You need dollars to pay them, they need AUD or whatever to pay themselves. They can exchange the money, send it through the bank, then a week later after a bunch of fees and middlemen, get some money. Instead, they trade stable coins instantly across borders.

blaziken8x

If it were me, I'd send to Kraken via bank transfer, trade EUR/AUD on Kraken Pro (I just checked the fee is 0.20 %), then withdraw EUR to my bank account.

Simke11

Less than Dec '24 top in AUD.

Soggy-Term4965

I was lucky to buy ETH at $140 AUD in 2017

GalacticFishStick

Its not letting me edit the title but its over $1000 in AUD not USD and like i said its money im willing to lose

dotais3

It's difficult to predict bc everyone wants everything all at once & bitcoin is more & more popular in wider & wider circles, So bitcoin is unstoppable & da Queen of currencies, more popular than USD or AUD or EUR It's blowin' up da fckn Universe

dotais3

It's difficult to predict bc everybody wants everything all at once & bitcoin is more & more popular in wider & wider circles, So bitcoin is unstoppable & da Queen of currencies, more popular than USD or AUD or EUR It's blowin' up da fckn Universe

dotais3

It's difficult to predict bc everybody wants everything all at once & bitcoin is more & more popular in wider & wider circles, So bitcoin is unstoppable & da Queen of currencies, more popular than USD or AUD or EUR It's blowin' up the fckn Universe

dotais3

It's difficult to predict bc everybody wants everything all at once & bitcoin is more & more popular in wider & wider circles, So bitcoin is unstoppable & da Queen of currencies, more popular than USD or AUD or EUR It's blogon up the fckn Universe

Charming_Barnacle_30

That requires to move AUD to usdt/c in my case which adds up to same amount of fees anyway

Quant_Trader_FX

What happened today wasn’t random. Everyone’s looking at the charts wondering why equities dumped, AUD collapsed, and Bitcoin dropped nearly 20%. The trigger was a single tweet from Trump saying that new tariffs on China were “under consideration” and that relations had turned “very hostile.” It wasn’t policy, just a headline, but that’s all it takes in today’s market. Institutional algorithms are programmed to scan live news feeds for key words like “tariffs,” “China,” “conflict,” or “trade war.” When those words appear, they automatically shift portfolios into defensive mode. That means buying safe-haven assets such as the US dollar, yen, and Swiss franc, while dumping risk assets like equities, crypto, and commodity-linked currencies such as the Australian and New Zealand dollars. It’s an instant chain reaction that can happen before most human traders have even seen the headline. Once the first wave of selling starts, systematic funds and momentum-driven CTAs join in, pushing the move further. Retail traders then react to the price action they see on the charts, amplifying it even more. So a single tweet can snowball into a multi-market cascade that looks like a major macro event even when there’s no real policy behind it. Crypto gets caught up in this because, despite the “digital gold” narrative, it still behaves as a high-beta risk asset. When risk appetite vanishes, liquidity drains from everywhere, including Bitcoin. That’s why you saw BTC and altcoins fall alongside equities and high-beta currencies. The important thing to understand is that this was a mechanical, sentiment-driven sell-off, not a fundamental shift. If there’s no follow-up from the White House or China, the market will probably stabilise and retrace part of the move once the algos and hedges unwind. For now, it’s just another example of how one tweet can trigger a global chain reaction in today’s algorithm-dominated markets.

PutMiserable34

Yes yes retire early. I went out at 59 with brain aneurysm. Travelled Australia and parts of world eg Costa Rica doing voluntary conservation. A happy life. My 2 sons have delivered me 3 grandsons. I still worked but I invested in properties...renovating/extending/ converting eg 4 car garage into a 2br townhouse.. on that block rents house 1000 and t/house 700 AUD. weekly. I'm now 80. In hospital recently minor surgery. If you think I'm old, wrinkled and ready for lowering....think again...I'm quite the opposite. This may shock you... in hospital I met nurses male and female. One female one we got friendly and we connected AS FRIENDS. In 3 days i was to be discharged. Katy was her name and very pretty ....I was so shocked...her age 31.....and of course I said no no I cannot as age gap too great...but I still thought wow, wow. She was in tears. Not on duty next day my discharge but she rolled up in tears in front of my son and grandson......plus other staff and doctors. Perhaps she was on drugs ...didn't appear so. I still have her number in case I weaken!!. Oops sorry gone off the rails here....YES RETIRE EARLY IF IN HIGH PRESSURE JOBS AND DO THINGS TO BRING IN INCOME BUT WITHOUT THE PRESSURES OF A CAREER JOB... A VIRTUAL SLAVE TO OTHERS. Oh given where we are I invested in bitcoin bought 1 for 107k and it got stolen...my Client Manager and I saw what was happening.. someone logging into my accountand virtually buying my coin....so I got the 107k back in cash and goodbye coin. A few days the price was 118k so I bought again.....only a day later I got cash back and no coin as stolen replaced with what I had paid. No doubt an inside job. I don't let these things go. I've got all my cash out but to be continued.....although i get the feeling I'm not the only victim. I n reality I haven't lost money as got back what I paid but no bitcoin for 107k or 118k. Given not a great loss best I stick to properties. I was investing in eTORO but never again. .

qldvaper88

ADA went from 66 cents AUD back to above 90 cents in a matter of minutes.

Technical-Limit-5589

True but he still complains when he's drunk saying it's nice to not have a mortgage but it's not F U money! In today's AUD prices, it's north of 145mil.

Technical-Limit-5589

Not at all. My big brother bought around 750 BTC at $30 something. Total cost 25k AUD. He sold all of it when BTC hit $3k, which totalled around $2.3mil around 2017 cause he needed the money. The institutional interest was no where then like it is now. A lot of people sold when it 10x, 100x, etc. Who wouldve thought then that it would get 100k+ USD ever...

Old_Cat_9534

Almost 200k AUD (189k) 🚀

Old_Cat_9534

Up to you but I usually only transfer to cold wallet in 1k AUD increments.

newbie12234

So everytime you buy BTC you send to your cold wallet? Is it worth it if I'm buying $500 AUD worth?

Soft_Cabinet_9482

Yeah we don’t talk in USD here. BTC is talked about in AUD because I’m in Australia. https://i.redd.it/mu2qrbc18gsf1.gif It makes the crypto market look a lot better in AUD haha

Inevitable_Data_84

Never had an issue with them. Once you've done all your kyc it's a breeze for amounts up to $50k AUD. I prefer them actually for monthly buys. What's changed since last month? Is this just your first time transferring more than 5k or 10k?

Wendals87

>directly to an exchange probably will give better rates. An exchange gives you way better rates.  I did a quick check and I'd get about $83 worth of bitcoin from $100 (AUD)  on an exchange I'd get about $96 after trading fees and withdrawing to my wallet 

Wendals87

Not sure of the exact percentages but I just checked what I'd get in BTC  For example $100 AUD gets me 0.0005BTC through moonpay with is about $83.65 If I used an exchange like coinspot for an instant swap (1% fee) I'd get 0.000589 which is about $98 Its a huge difference 

Simke11

I guess AUD didn't hold up too well either since we got ATH in August too.

ChemEnging

I did the same thing in like 2018 or something. Had like 5, worth 3k so $600 AUD each. One night we were partying and bitcoin was cruising up up up! It became the best bit of the party, everyone yelling, check now, check now! Got up to total worth of like $21k by 2am! People were saying sell, others were saying moon. I was saying I'm out at $50k, house deposit. When I woke in the morning it had crashed down to total worth about $2k so I sold. I mean even at that price I had still doubled my money as I had been holding for a while. My wife to this day likes to ask what a bitcoin is worth now and the starts dreaming out loud about what we could do with 5x that much.... If I remind her that she was wanting me to sell the moment she found out a had bought some... Well I lose that arguement everytime.

BlitheringBloke

I DCA $1AUD of bitcoin every hour, auto buys $24 of BTC each day at the same time. Auto transfer a weeks worth ($168) from my big four bank to my on/off ramp exchange. The account on the exchange is set to buy the $24 each day. Set it and forget it. I don't want to sell until it is enough to properly retire. Easy to set up.

Forsaken-Weird-8428

In Australia, all > 10k AUD get reported from registered CEX

plataswap

Binance is a solid pick lots of liquidity and trading pairs. But lot of Aussies seem to use swyftx since they support AUD, and are more in line with your local regulations

Lonely_Cold2910

If you're looking to leverage your Bitcoin (BTC) holdings to obtain fiat currency without selling your assets, there are several options available. This approach, often called "crypto-backed lending," allows you to use your BTC as collateral for a loan in fiat currency. Below is a breakdown of the main methods and platforms where you can do this, based on the provided search results. 💰 1. Centralized Crypto Exchanges (CeFi) Many major cryptocurrency exchanges offer crypto-backed lending services. These platforms allow you to deposit your BTC as collateral and borrow fiat currency against it. · Binance: Supports crypto-backed loans with a wide range of fiat currencies. Fees start from 0.1% per transaction, and you can use various payment methods like bank transfers, credit cards, and online banking . · Kraken: Offers leverage trading and margin loans, allowing you to use BTC as collateral to borrow fiat. Supported fiat currencies include USD, EUR, CAD, CHF, AUD, and GBP. Fees range from 0% to 0.26% per transaction . · Coinbase: Provides crypto-backed loans for institutional investors and high-net-worth individuals, though availability may vary for retail users. Supports USD, EUR, and GBP . · Gemini: Allows users to borrow cash against their crypto holdings. Supported fiat currencies include USD, and fees start from 0.5% to 3.49% depending on the transaction . · Crypto.com: Offers crypto-backed loans with competitive interest rates. Supports multiple fiat currencies and allows borrowing against BTC . · Uphold: This platform supports borrowing against crypto holdings, including BTC. It offers a variety of fiat options and payment methods . .nexo 🏦 2. Dedicated Crypto Lending Platforms Some platforms specialize in crypto-backed loans, offering more flexible terms and higher loan-to-value (LTV) ratios. · YouHodler (not directly mentioned in search results but inferred as a common option): While not listed in the search results, it is a well-known platform for crypto-backed loans. Typically offers high LTV ratios and supports multiple fiat currencies. · BlockFi (not directly mentioned but inferred): Another popular platform for crypto-backed loans, though it faced regulatory challenges in the past. 🔄 3. Decentralized Finance (DeFi) Platforms DeFi platforms allow you to leverage your BTC without intermediaries, though they often involve more complexity and higher risk. · Aave (not directly mentioned in search results but inferred): A popular DeFi lending protocol where you can use wrapped BTC (WBTC) as collateral to borrow stablecoins or other assets. · Compound (not directly mentioned but inferred): Similar to Aave, it allows you to use BTC-based assets as collateral for loans. 🤝 4. Peer-to-Peer (P2P) Lending P2P platforms connect borrowers and lenders directly, often offering more flexible terms. · LocalBitcoins (mentioned in ): While primarily a P2P trading platform, it can be used to arrange collateralized loans through private agreements. · Other P2P Lending Platforms: Platforms like Nexo or Celsius (though not mentioned in search results) are known for offering crypto-backed loans. ⚠️ 5. Important Considerations · Loan-to-Value (LTV) Ratio: This determines how much fiat you can borrow against your BTC. Higher LTV ratios mean more borrowing power but also higher risk of liquidation if BTC's price drops. · Interest Rates: Rates vary widely between platforms, so compare options carefully. · Liquidation Risk: If the value of your collateral drops below a certain threshold, your BTC may be liquidated to cover the loan. · KYC/AML Requirements: Most platforms require identity verification, especially for fiat transactions . · Fees: Be aware of additional fees, such as transaction fees, withdrawal fees, and maintenance fees . 💡 6. Alternative Methods · Bitcoin ATMs: Some Bitcoin ATMs allow you to sell BTC for cash, but this is not a loan—it involves selling your assets outright . · Crypto Debit Cards: Platforms like Crypto.com and Coinbase offer debit cards that allow you to spend your crypto as fiat, but this also involves selling your BTC . 📊 Comparison of Key Platforms Here's a quick comparison of some platforms based on the search results: Platform Supported Fiat Key Features Fees Binance 90+ fiat currencies High liquidity, low fees 0.1% trading fee, variable loan fees Kraken USD, EUR, CAD, etc. Strong security, margin trading 0%-0.26% per transaction Coinbase USD, EUR, GBP User-friendly, insured custodial services Variable fees based on transaction size Gemini USD Regulatory compliance, secure 0.5%-3.49% depending on transaction Crypto.com Multiple fiats Crypto-backed loans, debit cards 0%-2.99% depending on transaction 🌎 Regional Availability Note that some platforms may not be available in all regions. For example, Kraken and KuCoin do not support residents of Washington State due to regulatory reasons . Always check if the platform operates in your country. Conclusion Leveraging BTC for fiat can be done through centralized exchanges, dedicated lending platforms, DeFi protocols, or P2P arrangements. Each option has its own trade-offs in terms of risk, flexibility, and accessibility. Be sure to research and choose a platform that aligns with your needs and risk tolerance. If you're unsure, consult a financial advisor for personalized guidance.

Failedfinancials

Sign up for Coinbase using my link and we can each get $10 AUD in BTC. https://coinbase.com/join/HAA3ADV