AUD

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

Safe_Avocado_884

Should I sell? I’m up 1.4k and originally put in 2k. AUD

Fun-Maybe2147

My dad just spent 150,000 AUD on beautifying his driveway. He’s not in a terrible financial situation although he makes it sounds so.

benditbackwards

He asked for YOUR advice, not advice from randos on the internet. But since he asked for advice from your 'clever' friends.. he's mine, he should make up his own damn mind! Its his money after all. IF he thinks buying gold is right move, who are we to say different? At least he's not buying some shitcoin or worse USD! or even worse AUD!

SherbetFluffy1867

1. Where to Buy Bitcoin (Australia) Exchanges: Independent Reserve, Swyftx, BTC Markets, and CoinJar are established in Australia. Global options: Binance, Kraken, and Coinbase also serve AU but check fees and compliance. Peer-to-peer (P2P): Bisq or Peach Bitcoin for direct, more private purchases. --- 2. Storage (Hot vs. Cold Wallets) Hot wallets: Apps like BlueWallet, Phoenix, or Muun — easy, connected, but less secure. Cold wallets: Hardware devices like Coldcard, Passport, Trezor, Ledger. These keep keys offline and are best for long-term. Seed phrase: 12/24-word recovery key. Write it on paper or metal backup. Never store online. --- 3. Start-to-Finish Process 1. Sign up with a trusted exchange (KYC needed). 2. Buy BTC using AUD deposit (bank transfer/PayID is common). 3. Withdraw immediately to your own wallet (don’t leave coins on exchange). 4. Set up cold storage (hardware wallet). Test sending a small amount first. 5. Back up your seed phrase securely. Consider a metal backup (Seedplate, Cryptosteel). 6. For selling later: Send BTC from your wallet back to the exchange, convert to AUD, withdraw to bank. --- 4. Services & Accounts to Use Exchange: Independent Reserve or Swyftx (AUD-friendly). Hardware wallet: Coldcard (max security) or Ledger/Trezor (user-friendly). Software wallet: Sparrow (desktop, advanced) or BlueWallet (mobile). Metal backup: Seedplate or Billfodl. --- 5. Budget & Security Security is worth the spend. A good setup: Hardware wallet: AU$150–300 Metal backup: AU$100–150 Optional dedicated offline laptop/phone for wallet use. Don’t overspend on gimmicks — the main protection is keeping your seed phrase safe. --- 6. Long-Term Considerations Don’t share your holdings or wallet setup with anyone. Test backups: Make sure you can restore from seed. Think inheritance: Document instructions for trusted heirs. Keep it simple: Over-complication is a bigger risk than hacking.

ANIAT444

My grandson is 9 and has been diligently mowing my lawns (for 6 months) every 2 weeks for $10 AUD Bitcoin. He’s asked me if he could spend some, and I said YES - when you’re 18. He’s going to be bloody rich by then….lol.

Simke11

BTC YTD gain 15% - and that is if you are in USD. For EUR YTD gain is 2.6%, and for AUD & CAD 10%. Considering we are nearing end of the year and the cycle, that's pretty poor performance so far, despite institutional adoption narrative. People still expect some sort of blow off top but I've dampened my expectations.

Lufia321

I couldn't sell because mines locked up for 1 year because I wanted the card. The first couple of months it went down, but now that $700 AUD is worth $2.6k.

Boazmcding

I currently just buy when I have some extra $$. Once I pay the credit card off I'll be doing a weekly buy. Probably $100AUD. I move it to cold storage when I get $1000 worth on the exchange.

CrystalizesSouls

It being at 170000 (AUD) is great gonna get more

Soggy-Term4965

I think Vchain is a very good potential it is about 0.04 AUD it’s been as high as 0.35 AUD I’m expecting it to go to $1-$1.5 AUD It actually does things and is has very good partnerships BMW WALMART and i think another 200 companies

Hanzieoo

Well I'm an electrician and I have a S19pro in my kitchen that's hushed, and another S19pro immersed and connected to hydronic heating in my floor. And right now they are both off and I'm running the AC and buying SATs with the money I save. Residential electricty is 50c(AUD) per kWh. And for ever unit of heat the miner puts out the AC does 5 units. The miner may pay me 4 to 5c for every kWh it consumes so it's 45c for a unit of heat that comes out of the AC at 10c. 40c left to buy sats.

hotnsweaty69

Of course they can haha, I know I would be. And I wouldn’t be worrying about some butthurt Reddit comment stating I couldn’t. They are correct in the fact that it didn’t technically “close” above previous ATH, but what it’s $20 off it, will it hit in the next week, I’m $3500 AUD confident it will break to maybe 8.5-9k AUD.. I bought into mainly btc eth (60% of my portfolio), and then a Cpl hundred on CRO and ADA, XRP in Jan 2025 and watched it tank 50%, made a slight loss of $200 as I sold everything a cpl of days ago, I was absolutely devo for 4 months watching the market go down then just sideways… didn’t have any spare money to buy ETH even when I saw it start to pump, but everything was still very reactive to BTC, and not the alt season I (we) expected. Anyway I’m hoping to make a 20% profit on my investment, play it safe and take profits then buy in a more planned DCA approach with a portfolio manager, or learn to program bots to make short term trades aswell as accumulating wealth in holding btc and eth.. currently been staking STX for btc rewards for a couple of years.. I’m celebrating not loosing our family savings and simply breaking even!! Excited at a chance to get a tiny profit in the very near future then buy in with a thought out and planned strategy. Is creating or subscribing to a bot program to make short day trades in your behalf ( at a commission of course) worth it, in your guys humble opinion? I’m talking like maybe 5k AUD, so not a big initial investment but I’ve got kids and a mortgage, fiat is hard to save!!!

Phfat_John

On the face of it, this just sounds like a scheme for tax avoidance rather than being a legitimate tax minimisation strategy. So can potentially get caught under Part IVA of the ITAA 1936. What is the point of doing this? You will probably have to pay more in fees, conversion rate is probably worse than converting to fiat on an exchange. So while you're capital gain is reduced, you lose out overall because you've made less of a gain. Potentially legitimate to avoid foreign conversion costs if you were to change AUD into EUR for the trip costs. But your concern about visibility of crypto transactions with the ATO makes it seem like you're trying to hide the value of a potential CGT event and the actual event itself to avoid the tax.

HBARFOUNDATION

It hit ath a few days ago for AUD 😁

twitch-switch

Alright, so you need somewhere to buy your Bitcoin. Goto Google Play Store on your phone and install the Strike app. I know others have said CoinSpot or whatever but Strike charges less fees and just recently started allowing payments in AUD. You can also set up reoccurring payments there pretty easily. You'll need to scan an ID when you set up your profile, all exchanges do that for tax keeping purposes. You're essentially on your way by this point, but we have a saying "Not your keys, not your coins". You should get yourself a hardware wallet to store your Bitcoin. I recommend ColCard Q personally as it's easier to make without ever having to connect your device to the internet or enter in your "keys" into a computer. The keys for your wallet will be a series of 24 words (from a big list of words) and a passphrase (custom password). You must never take a photo of it on your phone, type it into a computer, or show it to anyone. You SHOULD find a way to store it securely in a method that will keep the words safe if there's a fire, flood, home robbery etc. Most people will recommend stamping or inscribing them on a metal plate, but there are kits available for this like Seed Plate I think is one of them. Keep it secret, keep it safe. The "wallet" I told you to get is used to authorise transactions and it will give out send and receive addresses, if anything happens to your wallet it's not great, but if you have those 24 words and passphrase you can still retrieve your Bitcoin. I think that about sums it up.

Rich-Inspector-7483

Hey u/SquadJam99, This is the most comprehensive guide you will receive. Part 1: The First Step - Understanding the Exchange Think of an exchange like a bank. It’s a company that handles buying and selling. It’s a "centralized" service, meaning they control your funds while they are on their platform. Action: Choose and set up a reputable exchange. * Why CoinSpot? It's one of Australia's largest and most user-friendly exchanges. It's regulated by AUSTRAC, which is Australia's financial intelligence agency. This regulation means it’s legally required to verify your identity (a process called KYC - Know Your Customer). This protects you and stops illegal activity. * Why use PayID? This is the fastest way to get your money onto the exchange. It's a payment system used by most Australian banks that makes transfers instant. This means you can buy your Bitcoin right away, rather than waiting days for a bank transfer to clear. Deeper Insight: Your Bitcoin is not truly "yours" while it's on the exchange. The exchange holds the private keys for you. While exchanges are secure, they are a target for hackers. This is why the next step is so important. Part 2: The Second Step - Securing Your Bitcoin This is the most critical part. You need to take control of your Bitcoin. This is done by moving it to a wallet where you, and only you, have the private keys. Analogy: If Bitcoin is digital gold, your private key is the combination to the safe. Your Trezor hardware wallet is the physical safe itself. The public key is your Trezor's Bitcoin address, which is like the P.O. box number on the outside of the safe—it's okay to share this so people can send you Bitcoin. Action: Get and set up a Trezor hardware wallet. * Why a Trezor? A hardware wallet is the gold standard for security. It is a small computer designed for one purpose: to keep your private keys safe. It generates your private keys offline, so they are never exposed to the internet, malware, or viruses on your computer. * The 24-Word Seed Phrase: During the setup process, your Trezor will give you a list of 12 or 24 words. This is the most important part of your Bitcoin journey. This seed phrase is the master key to your entire wallet. If your Trezor is lost, stolen, or broken, you can buy a new one and use this phrase to recover all your Bitcoin. * NEVER take a picture of it. * NEVER type it on a computer. * NEVER tell anyone what it is. * Store it on paper in a very secure, private place. Part 3: The Simple Weekly Process This is the ritual that will make your investment plan work. It's called Dollar-Cost Averaging (DCA), and it removes emotion from investing. You are buying a fixed amount regularly, regardless of the price. Your Actions (Repeat Every Week): * Buy on the Exchange: Log in to your CoinSpot account. Deposit $500 AUD using PayID. Find Bitcoin (BTC) and execute a buy order. Your Bitcoin will now show up in your CoinSpot wallet. * Withdraw to Your Wallet: * Get the Address: Plug your Trezor into your computer. Open the Trezor Suite app. Go to the "Receive" tab and generate a new Bitcoin address. This is the public address you will send the funds to. Always double-check that this address matches what you see on your Trezor device screen before you copy it. * Initiate the Transfer: On CoinSpot, go to your Bitcoin wallet and select "Withdraw." Paste the Bitcoin address you just copied from your Trezor. Enter the amount of Bitcoin you want to send. * Transaction Fee: The exchange will charge a small network fee to process the transaction. This fee pays the people who secure the Bitcoin network. It will be deducted from your withdrawal amount. * Confirm the Transaction: The Bitcoin will be sent to the blockchain (the public ledger). After a few minutes, the transaction will be confirmed, and your new Bitcoin will appear in your Trezor Suite app. By following this process, you are taking a smart, long-term approach and, most importantly, keeping your investment safe. Hope this helps you and it was worth the money!

Rich-Inspector-7483

Hey u/SquadJam99, Step 1: Buy Your Bitcoin * Best Place to Buy: Use a trusted Australian exchange like CoinSpot or BTC Markets. * Process: Sign up, verify your ID (KYC), deposit funds via PayID, and buy $500 AUD worth of Bitcoin (BTC) every week. Step 2: Store it Safely * Rule #1: "Not your keys, not your coin." You need to move your Bitcoin off the exchange and into your own secure wallet. * Best Solution: A hardware wallet. It's a physical device that keeps your private keys offline, protecting you from hackers. Step 3: My Winning Hardware Wallet Choice The wallet that makes your life the easiest is the Trezor options (5, 3, or one, are all fine depending on your budget). * Why it's the easiest: It's the most user-friendly and secure option for a beginner. The setup is straightforward, and the Trezor Live software is intuitive for managing your Bitcoin. Weekly Process: * Buy $500 AUD of BTC on CoinSpot. * Withdraw it to your Trezor live app. * Repeat every week. This simple process of "Dollar-Cost Averaging" and self-custody will set you up for success. Good luck! DM me for more help if I won!

briandesigns

How much did you pay the guy who decided on Bitcoin out of the millions of possible investment vehicle for you? How much did you pay the guy who decided on the $20AUD bounty for you? Sarcasm aside, If you have enough analytical skills to choose BTC, you can probably choose a decent hardware wallet for yourself.

_AnimeIsLit

It just happened with me, I read it on a NEWS SITE saying ETH ATH is over at 7.2k AUD so my dumbass sold. And now all the bigwigs are buying it and i know damn well the price is just going to moon and I'll cry myself to sleep while i gamble my solana away

Rix0n3

Unfortunately its not looking profitable for Australians, the average electricity price generally ranges from 25 to 35 cents per kilowatt-hour (c/kWh), based my calculations off Western Australias rates. 💰 Electricity Cost in AUD 288 kWh/day × AUD 0.3237 = AUD 93.22/day Add Synergy daily supply charge: AUD 1.16 Total daily cost: AUD 94.38/day 💵 Revenue in AUD Income: USD $51.49/day 1 BTC = USD $118,990.38 → FX rate approx 1 USD = 1.55 AUD AUD revenue: $51.49 × 1.55 = AUD 79.81/day 📉 Final Daily Profit (AUD) Revenue: AUD 79.81 Electricity + supply: AUD 94.38 Net daily profit: AUD –14.57 (loss) Monthly loss: –$14.57 × 30 = AUD –437.10 Yearly loss: –$14.57 × 365 = AUD –5,317.05 Calculations might be more appealing if you you access business energy plans with lower kWh rates, Off-grid Solar + Battery or you could place your rig in a country or facility with lower energy costs.

Enough_Product_3982

Purchased 7 eth at 3700 AUD sold at 5800 at the time market was struggling to get past this price so decided to sell. Am feeling it now

iTzSonicHD

I am? I put $500 AUD in a month, $100 a week on a Tuesday?

Dark_Raiden_

Dollarydoos is AUD

Available-Country540

Mate I used to buy at least 2 bitcoins every weekend for about 7 months to buy coke off Silk Road. Back then they were under AUD $300 😭 We made great memories, but holy shit do I have some regrets 💔

painfulbunny__

literally after 5 years of holding ETH, I decided to sell at 6k AUD thinking it’ll be the same… fall before ATH. To my surprise, could’ve made an extra 2 grand. This experience is enough proof of your claims being, uh, true.

ProlificAvocado

I'm happy that its up, but I'm sad that it really just shows how bad AUD is right now. Happysad.

hotnsweaty69

So I should’ve sold for AUD then bought back into ETH instead? Or same same

manageablemanatee

>Already bought a house. Two kids. Ah, you're already winning at life! >yeah why not I just swapped the XRP at a $0.03 profit into ETH, so I won’t pay any tax on it ( unless I sell the ETH) I'm not a tax expert but I think you'll find that's not how things play out as far as taxable events are concerned. Swapping XRP for ETH would be treated as equivalent to disposing of the XRP for AUD for whatever it was worth at the time while simultaneously obtaining the ETH for whatever it was worth at the time. I doubt the ATO is going to chase you over 10 or 100 dollars profit mind you.

wallyone123

Oh no CRO getting mentioned. 🤫 not until $1 AUD please.

bitcoin_islander

In AUD

qldvaper88

6000 AUD is a brick wall.

qldvaper88

It's bouncing of 6000 AUD I swear, every fuckin time.

SeventhEyrie

Sorry, newbie here so this may be a dumb question, but how so? If I need USD 100K to buy 1 BTC and the USD devalues 50%, wouldn’t it mean I need USD 200K to buy 1 BTC? If I buy BTC in AUD and the USD falls against the AUD, isn’t that better for me? How is the BTC pegged to the USD.

xmrcache

Damn my man I was legitimately thinking you had bought in with another currency other than USD…. Did a dive into XRP vs AUD but AUD peak was only $3.55… https://www.reddit.com/r/CryptoCurrency/s/NrgP1hO7DF Totally wasted my time lol

xmrcache

Must have been not USD maybe AUD since their currency is like 50% more than the price of USD… idk what the cost of XRP was at the peaky-est if the peaks… $3 USD rn is like $4.63 AUD **Edit:** *but now that I am checking AUD to the price of XRP the highest that ever was like $3.55 on coingecko….* *This guy must have bought it with an alternative currency other than USD… unsure what currency? but also who knows if he even bought it or is just trolling…*

Cannister7

I think it depends where you are. They just added support for AUD but in the way you said, you have to pay it in yourself (regular direct debit). But you can then set it to automatically purchase BTC.

qldvaper88

ETH isn't trying to break 4k USD, it's 6k AUD. It sees 6000 and just refuses, we've been within $15 many times over the last few weeks, it's crazy.

Hanzieoo

Here is my travel spending plan. I sell BTC on Robosats from a Blink wallet. Mostly in Euro coz it seems a lot of people pay a premium of 0.5 to 2% above spot. Prob Russians or Ukrainians looking for hard money to escape the chaos in the region. I got a Revolute card but Wise prob works too. I get the payment from the Robosats P2P via Revolute in Euro, the transfer it to AUD. Then when I travel I move it to the currency of the destination and use the Revolute physical or digital card abroad. Easy to top up as I travel if needed, I usually keep below $300, just cause P2P and who knows how secure Robosats is. So far 95% success with Robosats 5% failed transactions but with no funds lost. Will recommend it.

Due-Candy-8929

If currencies exchange it can actually work out better for the weaker currency if it retakes ground… Ie. If people cash out USD at the top of the market, and then the USD is able to regain its value against EUR then the downturn works well… Ie. AUD is down atm as well… so for $10 USD I am getting $15AUD… works out well for me if we get to the top of the market, cash out, and then if that $15 AUD can get closer to $15USD Some People trade currencies for profit so it could just be another factor to consider With various stablecoins available it might actually be easier for people to engage in currency based trading…. Ie. Maybe it’s better to convert into a USD stable coin while you think the USD is weak against the EURO… alternatively sometimes maybe the USD is really strong, so the EURO is a better opportunity

wallyone123

CRO back to 30c AUD please.

wallyone123

Just change your currency to AUD and your laughing mate

ANIAT444

A daughter and I dca'd $50 AUD each per week for 60 weeks (= $6,000 AUD) from Jan 2023, we accumulated = 0.24 BTC which was worth = $44,000 AUD on 14/7/25 ATH = 633% increase on our $6,000 initial investment.

PapayaAvailable2156

Yeah if you use NZD as locl currency then AUD option will fit into you. I guess if you join the kraken and go on with the deposit, gou could might see AUD as a option. If you select and proceed it you can choose the PayID option. It will give you a formatted information of account to deposit, and you can easily make a bank transfer to that account And I just found out that PayID is basically only for AUD in Australia, so you might not have a PayID account as a New Zealander, but there's some NZ banks that offers this service. I easily found out a bank called ANZ, offering this sevice. I dont know their reliability but do a search and I think you will get more banks that supports PayID

alchem04

Hi, I'm using NZD so I assume I'm going with the AUD option? Can you explain in more detail how payid > kraken+ works pls? Thanks

PapayaAvailable2156

If you are CAD, CHF, AUD, JPY user, the only option for you is Kraken. So buy Kraken+ membership for $4.99/month. These are the paths | \*\*CAD\*\* | \*\*Kraken+\*\* | Interac→USDT/USDC | \*\*$5/month\*\* | Revolut → EUR Strategy | | -------------------------------- | ----------------- | ----------------- | ------------ | ---------------------------------------- | | \*\*AUD\*\* | \*\*Kraken+\*\* | PayID→USDT/USDC | \*\*$5/month\*\* | Revolut → EUR Strategy | | \*\*CHF\*\* | \*\*Kraken+\*\* | SIC→USDT/USDC | \*\*$5/month\*\* | Revolut → EUR Strategy | | \*\*JPY\*\* | \*\*Kraken+\*\* | SWIFT→USDT | \*\*$5/month\*\* | Revolut → EUR Strategy | The alter option for you is make a revolut account (UK Neo Bank), and then change your currency into EUR/USD/GBP, then use the previous currency options.

WhiskasCatMilk

Realistically the best answer to that question is to buy or sell at pre determined points based on the coins baseline level or if it exceeds a breakthrough point. For example (speaking in AUD terms), I have notifications set if bitcoin reaches 179K or drops to 160k. (Roughly) That way you can buy in a good dip, or you can buy high and capture current momentum. There's a lot more to it then that, but this is as simple as I can put it.

Overall_Lie_7341

This used to be my thoughts too. Until I really looked into it and found growth assets performed better than dividend assets. So I moved most of my money to growth assets, knowing one day I’d have to sell a small proportion annually to fund a lifestyle. Bitcoin at $1m US ($1.6m AUD) would be it for me. I’d feel comfortable to start selling some to fund a lifestyle then, and stop the daily grind…

NiagaraBTC

Do you mean it's $5500 over 'spot' and $5500 under? That's a 3% premium to buy or sell on the AUD$180,000 price. That's quite high but not insanely high, especially if there are no other fees. Probably not a lot of competition for Aussies. You need to look at percentages, not the dollar amount, for any spread. Soon enough the spread will be $111,000.

Faenor1

Yeah, Aussie banks have really started cracking down lately, super frustrating. I’m in the same boat with NAB, and it’s been a pain trying to keep a consistent DCA strategy going. One thing that’s worked for me recently is using PayBTC. It’s not a full-blown exchange, more of a simple service where you can buy BTC directly with AUD, just pay and receive. The process is pretty fast and clean.

ANIAT444

You’ll do great - a daughter and I did $50 AUD each for 60 weeks (= $6k) in 2023/2024 weeks we accumulated 0.25 BTC which was worth $46k AUD at yesterday’s ATH.

DangerHighVoltage111

> 1. The blocksize did get increased with Segwit which introduced block weight, effectively raising the block size limit to ~4 MB in some cases (more around 2MB in normal usage, which is double the size back then). So the claim that block size never increased ("refusal to increase") is either uninformed or dishonest. > > 2. Fees are counted in cents currently, even in the current bullrun/new ATHs. Fees are constantly low on LN, fraction of 1 cent/tx (despite Bitcoin's price soaring), cheaper than on Bcash (even with Bcash's value consistently decreasing). > > 3. Bitcoin adoption is broader than ever. We can look at UTXO distribution and LN growth: the number of low-value UTXOs and small-channel Lightning nodes keeps rising. This suggests growing grassroots usage. Your "1%" claim is baseless. > > 4. Begone, back to your r/btc safe space, nobody is interested in your 2016-2017 debate that you've thoroughly lost: on chain, in the market, and on forums. 1. Yes in a very convoluted way that later enabled the bargain for JPEGs on the chain 💩 But it actually didn't increase the throughput measurably. When you look at this graph you can see 3 phases: bitinfocharts.com/comparison/bitcoin-transactions.html#alltime - first until 2017 when the block were not full yet - second 2017 - 2023 "Segwit adoption". See how the graph just stays leveled? - third 2023 Ordinals are introduced and use tiny tx that unload the data into the taproot block, meaning they pay less fees and can put more tx into the 1MB block. 2. Fees are counted in sats and no matter the price, the richer ones will outprice the poorer ones when they want to make a transactions. Now since BTCs throughput is so limited, you need only 0.01% - 1% of the rich to completely block the other 99%. All you are saying is, that nobody currently wants to transact on BTC. If you don't count the channel open the fees on LN might be cheaper, but never when you factor in the channel management. L1 fees also bleed into LN. I have seen Phoenix wallet charging 70AUD for a single transaction. bCash fees are consistent making it reliable to transact. 3. Only if you count hodl and gamble for more dollars as adoption. Oh and of course the custodial LN adoption, but imo this is not bitcoin a p2p cash system. Because self custodial LN stats have been stale: bitcoinvisuals.com/lightning to put it nicely. 4. Thankfully the r/CC mods have lighten up a bit and don't follow your delete opposing opinions agenda any more. You need to provide evidence and facts for you points, I know this is hard when you had the c*********p on your side for so long. The debate is current now more than ever, you are just afraid to hold it.

DangerHighVoltage111

1. Yes in a very convoluted way that later enabled the bargain for JPEGs on the chain 💩 But it actually didn't increase the throughput measurably. When you look at this graph you can see 3 phases: https://bitinfocharts.com/comparison/bitcoin-transactions.html#alltime - first until 2017 when the block were not full yet - second 2017 - 2023 "Segwit adoption". See how the graph just stays leveled? - third 2023 Ordinals are introduced and use tiny tx that unload the data into the taproot block, meaning they pay less fees and can put more tx into the 1MB block. 2. Fees are counted in sats and no matter the price, the richer ones will outprice the poorer ones when they want to make a transactions. Now since BTCs throughput is so limited, you need only 0.01% - 1% of the rich to completely block the other 99%. All you are saying is, that nobody currently wants to transact on BTC. If you don't count the channel open the fees on LN might be cheaper, but never when you factor in the channel management. L1 fees also bleed into LN. I have seen Phoenix wallet charging 70AUD for a single transaction. bCash fees are consistent making it reliable to transact. 3. Only if you count hodl and gamble for more dollars as adoption. Oh and of course the custodial LN adoption, but imo this is not bitcoin a p2p cash system. Because self custodial LN stats have been stale: https://bitcoinvisuals.com/lightning to put it nicely. 4. Thankfully the r/CC mods have lighten up a bit and don't follow your censorship agenda any more. You need to provide evidence and facts for you points, I know this is hard when you had the censorship on your side for so long. The debate is current now more than ever, you are just afraid to hold it.

BTC_Commons

Buy Bitcoin P2P. I just opened Bisq and there are 3 offers in AUD, and 2 of them are at 0% spread, which is a better deal you will get at any centralized exchange. One is for $916 and one for $2932. You can also try other platforms like Robosats and Hodl Hodl for offers in your currency. Good luck.

Puffy_707

I use an ANZ plus account purely for depositing my AUD to kraken Pro. you have to disable an option in the settings which will allow you to deposit money to various crypto providers, but once thats done you can easily transfer money.

qldvaper88

Using multiple full BTC as utility tokens on Ross Ulbricht's website was my biggest mistake. Could have just put one away ya know, just $70 AUD at the time.

Lazy-Opportunity676

I bought at last halving's ATH when I first got into crypto. About 90k AUD. I was devastated to see the price plummet after that. Of course I continued to invest and bought more in the dip. So I still came out ahead. But I would probably have twice as much BTC if I showed some restraint and didn't by out of FOMO or sheer lack of knowledge. Things could be different now. So many other factors at play. Spot BTC ETFs. Bitcoin reserves. AI etc. If you feel comfortable buying now, go for it. If you'd rather wait for a dip, you might save some coin. The main thing is to get on board.

Ok-Basis7347

lol me wishing I did at 166k(AUD)

Colours-Numbers

oooh lord that XRP candle I picked 4.20 AUD by year end not week's end

qldvaper88

ADA back to $1 AUD too hip hip.

JustStopppingBye

>You'll need a bridge asset for all of these private bank coins Incorrect. It’s honestly bizarre that the XRP community are the only ones still clinging to this whole “bridge asset” narrative, whens its proven to be obsolete. [This pilot proves bridge currencies are not needed.](https://www.visa.com.sg/content/dam/VCOM/regional/ap/singapore/global-elements/documents/interim-report-e-hkd-pilot-programme-phase-2.pdf) They perform an AUD-to-HKD exchange using smart contracts and chainlinks CCIP. >plus JPM coin was a failure ?????????? [https://www.ledgerinsights.com/jp-morgan-says-jpm-coin-transactions-have-exploded-because-of-programmability/](https://www.ledgerinsights.com/jp-morgan-says-jpm-coin-transactions-have-exploded-because-of-programmability/)

MichaelAischmann

NEVER FLEX INVESTMENT AMOUNTS. I bet your DMs are full of scammers now. If you want fiat, don't spend it on crypto. Buy crypto if you want crypto, if you see it being better than fiat, if you have use for it. Stablecoin DeFi yields can generate 10-18% APY with relative safety. If you want $300 AUD per week on a $45k AUD investment, you need a yield of >30% per year.

SeemedGood

We already have a CBDC. It’s called the USD (and the EUR, and the JPY, and the GBP, and the CHF, and the AUD, and so on).

Big-Tram-Driver

A judge in Australia recently ruled it was like the AUD https://investingnews.com/bitcoin-cash-australian-judge/

Ok_Rent_2937

Stack everything - real estate, bitcoin, stocks and gold. They are all going up in nominal value measured in your fav fiat - USD, Euro, GBP, JPY, AUD, etc

tallreagan

do that every week or month, no matter the AUD price

Ok_Rent_2937

You need to invest at least AUD 166k to buy at least 1 bitcoin.

Ok-Basis7347

Hello, new to bitcoin. I was wondering how much should I invest at this late in the game? I just put $300 in (AUD) to start with. Cheers! 

Dettol-tasting-menu

And the tax advantage probably isn’t something permanent. I wouldn’t count on it. When pressure is high, all governments will eventually break their promises and start taxing our self contributed pension (and anything else that they can get away with). Australia is passing a new law that will let the government to tax *unrealised* gains on pension (called Superannuation here) account with balance over AUD 3m… it’s super disappointing that many people just don’t care because “they’re only going after the rich, I’m not rich”. It’s exactly the modern version of “First they came for the socialists, and I did not speak out, because I was not a socialist" The good thing about bitcoin is that I can hop on a plane with 12 words in my head and there’s nothing they can do about it. NYKNYC never rings any truer.