AUD

Zacker000

all on black (ETH). was up by $5500 AUD in the first 2 days. didn't cash out. then came the big fall. the fall has continued for 3 months. the graph may be skewed as I put more money in to invest further and average it out, and then decided not to. graph may be inaccurate as it could be showing that withdrawal of money from wallet it does add dramatic effect tho.

EverydayBitcoinAU

Do not accept chat help or screen-sharing. The safe sequence is: deposit to a reputable exchange in your own name, buy a small amount, set up a wallet from the maker official site or package, and write the recovery words offline. In the wallet, choose Receive, copy a native Bitcoin address, and verify the address shown on the hardware device itself. On the exchange, withdraw using the Bitcoin network, not a similarly named token or network, and send a small test first. Wait for it to confirm and check that the wallet can see it before sending more. Nobody helping you needs the recovery words, private key, password, or remote access. With AUD 15k at stake, pause until you can explain each step yourself; a rushed Bitcoin transfer cannot be reversed like a bank transfer.

Hodlermama

2011-ish Was on the crypto forum's and there was an auction for 50btc. I could have bought it at $25 AUD. But no - it was too much for my weekly budget. I had a hit date to go to a concert. Date went well. Married the guy. Forgot all about magic internet money for many years. I remind my husband about this all the time.

lurninandlurkin

If someone had $100K in October 2020 and put it in the best fixed term deposit available in Australia at the time, they would have around $118,000–$125,000 AUD total today (principal + cumulative interest), assuming they shopped for the best available rates at each rollover and reinvested the full amount (including interest) at maturity according to Grok. If they had bought 5 BTC in October 2020 they would have approximately $435,000–$465,000 AUD today (for 5 BTC), representing a roughly 4.3x–4.6x return on the initial ~$100,000 investment.

Hodlermama

$1000 AUD per month

submarinefarm

Well, there goes Strike in Australia. Makes me want to buy more though :)  >On May 26, 2026, AUD deposits, AUD receives, and bitcoin sales will be disabled.

Appropriate_Dingo668

Recently started using Kraken great app and site to trade, if you sign up with this link and deposit $200 you’ll get $350 AUD in Bitcoin for a joining bonus. https://invite.kraken.com/JDNW/kgrovejd

Appropriate_Dingo668

Recently started using Kraken great app and site to trade, if you sign up with this link and deposit $200 you’ll get $350 AUD in Bitcoin for a joining bonus. https://invite.kraken.com/JDNW/kgrovejd

Previous_Ground_9805

Free $20 sign up $1.50 deposit 💰 bitcoin https://branch.wallet.bitcoin.com/invite?code=ZtdLL46d 🚀 Be one of the first to explore Bitcoin.com Wallet! Sign up with my code: \`ZtdLL46d\` and start building your network by inviting friends early! 🔗 https://branch.wallet.bitcoin.com/invite?code=ZtdLL46d ❓ About: Bitcoin.com.au is an Australian crypto exchange focused on simplicity, making it easy for beginners to buy, sell, and trade crypto. 🔗 LINKS / REFERRAL CODES: https://portal.bitcoin.com.au/invite/ZtdLL46d 📌Code: ZtdLL46d \*\*Note: If you are using the mobile app, re-enter the code provided during signup even if you clicked the link, but if you are signing up on a web browser, use the link or code.\*\* ⛰️ STEPS: 1. ⁠Sign up with the link above and Verify your ID 2. ⁠Deposit $1+ AUD, (Best to do $1.50 to avoid any minimum transaction issues) 3. ⁠Make any crypto trade, (Basically buy $1.50 worth of bitcoin, or any crypto, then sell) 4. ⁠Get $20 credited instantly in bitcoin, (Can be up to 10 mins) - Just sell it back to AUD to withdraw. 5. ⁠Score a $3 bonus ontop from yours truely for your time -

Previous_Ground_9805

Free $20 sign up $1.50 deposit 💰 bitcoin https://branch.wallet.bitcoin.com/invite?code=ZtdLL46d 🚀 Be one of the first to explore Bitcoin.com Wallet! Sign up with my code: \`ZtdLL46d\` and start building your network by inviting friends early! 🔗 https://branch.wallet.bitcoin.com/invite?code=ZtdLL46d ❓ About: Bitcoin.com.au is an Australian crypto exchange focused on simplicity, making it easy for beginners to buy, sell, and trade crypto. 🔗 LINKS / REFERRAL CODES: https://portal.bitcoin.com.au/invite/ZtdLL46d 📌Code: ZtdLL46d \*\*Note: If you are using the mobile app, re-enter the code provided during signup even if you clicked the link, but if you are signing up on a web browser, use the link or code.\*\* ⛰️ STEPS: 1. ⁠Sign up with the link above and Verify your ID 2. ⁠Deposit $1+ AUD, (Best to do $1.50 to avoid any minimum transaction issues) 3. ⁠Make any crypto trade, (Basically buy $1.50 worth of bitcoin, or any crypto, then sell) 4. ⁠Get $20 credited instantly in bitcoin, (Can be up to 10 mins) - Just sell it back to AUD to withdraw. 5. ⁠Score a $3 bonus ontop from yours truely for your time -

HydraVault

Yes, most definitely. I purchased bitcoin back in 2016 for $20AUD for 0.01931btc which at the time was $1039 per bitcoin. If I didn't sell it, I'd have over $2000 now on a $20 investment.

DFiLeR22

Redbelly Network (RBNT) I'm biased though as part of the community, like most peoples recommendations I imagine 😀 so as always do your own research. They are trying to get a big chunk of the Australian RWA tokenization market and are involved in the Reserve Bank of Australia trial, have AUD stablecoins on the network etc

Fearless_Tie_8969

It was a cold wallet, but I fear I may have transferred it all to Mt Gox to use.....RIP $15million AUD on the peak....

Fearless_Tie_8969

It had the equivalent of $15million AUD ($100k/btc peak) leave the address....Says it has zero left, but I may have used MtGox to hold temporarily, so not sure if this is the Gox wallet or my android one, I remember researching cold wallets to make sure it was secure and stopped using the phone shortly after. Guess I gotta fix it, cheers mate. Bitcoin spinner rings a bell.

Fearless_Tie_8969

I feared as much and I've had people offer "brute force". I checked, the wallet address I sent myself years ago had over $15million AUD (on the $100k peak) through it. I fear I may have sent it to MtGox (RIP) or a website to be held, said website was seized by FBI

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Post is by: MadSL1m and the url/text [ ](https://goo.gl/GP6ppk)is: /r/defi/comments/1sgzuj8/i_analyzed_fx_fees_across_139_crypto_cards_the_0/ Over the past few months I've been maintaining a database of every crypto debit/credit card I could find — 139 of them now, from major exchanges to obscure neobank wrappers. I kept running into the same problem: every card advertises "0% FX fees" on its landing page, but the actual cost of spending abroad is wildly different. So I went through the fee disclosure docs of all 139 and tried to extract the real, total cost of a foreign transaction. Here's what I found. **TL;DR** * Median FX fee across 139 cards: **1.00%** * Average: **1.18%** * Range: **0% to 8%** * 30 cards advertise "0% FX" but **17 of those bury a conversion/spread/stabilization fee** somewhere else * Cheapest cards with no hidden markup: Kraken, MetaMask, Bitpanda, BitPay, Gemini, Deblock * Worst offenders: Kemy (8%), MaxSwap (5%), SolCard Mastercard tier (5% top-up + 2% FX) **The "0% FX" trap — the thing nobody talks about** The dirty trick is that "FX fee" is only one line item. Issuers route the cost through other names: |Card|Advertised|Actual cost per foreign transaction| |:-|:-|:-| |Gnosis Pay / Rebind / Zeal|"0% FX"|\~1.5% stabilization fee on every tx| |1inch Card|"0% FX"|2% "card spend fee" per purchase| |[Crypto.com](http://Crypto.com) Visa|"0% FX markup"|\~0.5% conversion spread on crypto → fiat| |Wayex|"0% FX"|1% crypto-to-AUD on every purchase/ATM| |Bitrefill|"0% on EUR"|1.99% conversion if you fund with crypto| |Avici|"0% Avici fee"|Visa's 0.4-1% cross-border fee still applies| |Wirex|"0% FX all tiers"|Spread on crypto-to-fiat conversion| |Bybit|"0.5% in EEA"|**7% in Argentina**, 2% APAC, 1.5% Brazil| That last one is important — Bybit's "0.5%" headline only applies to EEA / Switzerland / Mexico. If you live in Argentina, you pay 7%. Same card, same issuer, 14x the fee based on your passport. The landing page doesn't tell you this. **Cards that actually charge \~0% (as far as I can verify)** These have no hidden spread, no "conversion" euphemism, no regional gotcha I could find: 1. **Kraken Card** — 0% FX, 0% annual. Only cost is the crypto conversion spread at checkout, which is visible before you tap. 2. **MetaMask Card** — 0% foreign, Mastercard standard rates only. 3. **Bitpanda Card** — 0% markup, pure Visa network rates. 4. **Gemini Credit Card** — 0% foreign (2.49% only applies to crypto purchases on the card, not fiat transactions). 5. **Deblock Card** — 0% advertised, no bank charge, instant exchange built-in. 6. **BitPay Card** — 0% foreign, standard Mastercard conversion. 7. **Pyra Card** — genuinely zero on everything (no spend/top-up/signup/liquidation fees). **Methodology caveats before you crucify me** * I parsed the **first numeric FX figure** from each card's disclosed fee text. Some cards have tiered pricing (Wise: 0.33-3.5% depending on currency) and I took the low end. So my median is probably **optimistic**. * 30 of the 139 cards either don't disclose FX clearly or use the word "spread" without a number. I excluded those from the averages. * Bitpanda, Kraken etc. still pay the **network** (Visa/Mastercard) cross-border fee of \~0.4-1%. They just don't add their own markup on top. When I say "0%" I mean "no issuer markup". * Fees change. This snapshot is April 2026. **What surprised me most** It wasn't the 8% card (Kemy is small, you'd expect it). It was **Bybit** — a top-5 exchange — charging 14x more in Argentina than in the EU for the same product. And **Gnosis Pay** (and its white-label wrappers Rebind/Zeal/Picnic) marketing "0% FX" while taking 1.5% on every transaction under the name "stabilization fee". That's the same fee by a different name. The "best crypto card" depends entirely on where you live and whether you read the fee disclosure, not the landing page. The rankings in most "top 10 crypto cards" articles rank by **cashback** and ignore FX entirely, which is backwards for anyone who actually spends abroad. *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.*

Last_Explanation9105

We use AUD here, liar 😀

Ok-Basis7347

Wherever it goes below 100k AUD, I buy! 

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Post is by: NewMJay and the url/text [ ](https://goo.gl/GP6ppk)is: http://infototrader.com Salut à tous, Je développe InfoToTrader depuis quelques mois et je voulais partager l'outil ici pour avoir vos retours directs. C'est quoi concrètement ? Un tableau de bord tout-en-un pour traders, accessible directement dans le navigateur sans installation. L'idée de départ est simple : arrêter de jongler entre 5 onglets différents pour suivre un actif. Tout est centralisé — prix, actualités filtrées, calendrier économique, niveaux clés, corrélations, indicateurs macro. Les 3 mode de trading C'est ce qui différencie InfoToTrader de la plupart des agrégateurs de données : **M**ode scalper Session en cours, fenêtres de volatilité par actif (ex : overlap London/NY pour l'or ou le forex), événements intraday avec countdown en temps réel, alertes priorité haute. Tout ce dont tu as besoin quand tu as 30 secondes pour décider. Mode day trader : Semaine économique complète, actualités filtrées par actif (pas de bruit inutile), radar réseaux sociaux avec détection de divergence sentiment vs fondamentaux. **M**ode investisseur : Indicateurs macro mis à jour (taux Fed/BCE/BOJ, DXY, US10Y, VIX), analyse fondamentale, scénarios haussier/baissier/range avec probabilités pour chaque actif. Ce qui est couvert 35+ actifs : Or, Argent, WTI, Brent, Gaz Naturel, Cuivre, Blé, Maïs — EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, NZD/USD — S&P 500, Nasdaq, CAC40, DAX, FTSE, Nikkei — Bitcoin, Ethereum, Solana, XRP — Apple, Nvidia, Tesla, Meta, Amazon, Microsoft, TotalEnergies, LVMH. Ce qui rend l'outil unique * Adapté par actif : les niveaux clés, corrélations et événements affichés sont spécifiques à l'actif sélectionné. L'Or n'a pas le même calendrier que le Nikkei. * Sentiment Dynamique : calculé en temps réel à partir de la tendance des prix, de la position vs niveaux S/R et de l'agenda macro du jour — pas un score statique sorti de nulle part. * Niveaux clés dynamiques : recalculés à chaque mouvement de prix via Camarilla Pivots, pas des niveaux figés mis à jour une fois par semaine. * Fuseau horaire : tous les horaires s'adaptent automatiquement à ta zone — un trader en Asie voit les mêmes événements aux bonnes heures. * 100% Gratuit, pas de compte, pas d'email requis, ça s'ouvre et ça marche. Ce qui arrive prochainement * Analyse IA contextuelle par actif (Claude AI) — en cours * Application mobile * Alertes Telegram/Discord Lien : [infototrader.com](http://infototrader.com) Je lis tous les commentaires et je réponds à chaque question. Si vous trouvez un bug, une donnée incohérente ou une fonctionnalité qui manque, dites-le moi directement ici c'est exactement pour ça que je post. *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.*

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Post is by: Dangerous_Coffee_204 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1s09pmv/which_exchange_offers_the_most_reliable/ If your goal is to get the most reliable and competitive Solana (SOL) → Australian Dollar (AUD) rate right now, some exchanges consistently offer better pricing — but there’s *no single universal “best price” all the time* because rates vary slightly by volume, spread, and market depth. # 📊 Platforms with Reliable SOL to AUD Rates 1. Bitget * Bitget is often ranked #1 for reliable SOL/AUD pricing due to deep liquidity and competitive spot fees (around 0.10% maker/taker with potential discounts using BGB). * This means your executed price tends to stay close to the *global average SOL rate* with minimal slippage. 2. Binance * Binance’s global liquidity pool for Solana is one of the largest in the world, which usually keeps its SOL/AUD execution very tight. * Even if Binance doesn’t always have the *absolute lowest AUD rate*, the spreads (difference between buy/sell price) are generally among the narrowest. 3. Coinbase * Coinbase offers a regulated and easy-to-use platform with transparent pricing — though its fees are typically higher, so the *rate you get might be slightly worse* than on Bitget or Binance. 4. Australian Local Exchanges (CoinSpot, Swyftx) * These platforms support direct AUD deposits/withdrawals and can be convenient if you’re in Australia, but rates can vary and sometimes be pricier than global exchanges. 5. Kraken * Kraken also supports SOL/AUD trading and generally offers solid liquidity and competitive pricing, though its raw rates might be slightly lower depending on market conditions. # 🧠 Why Prices Vary Slightly Between Exchanges Even for the same pair (like SOL/AUD), prices can differ because: * Order book depth & liquidity: More buyers/sellers normally means tighter pricing and less slippage. * Fees & spreads: Some exchanges build additional fees into their quoted rate. * Regional demand: Local platforms with AUD rails may have a bit of premium or discount based on local crypto demand. # 🧩 Practical Tips * Check aggregated price trackers (CoinGecko, CoinMarketCap) before placing a trade to see the *average market SOL to AUD rate*. * For larger amounts, consider limit orders (on CEXs) instead of instant buys/sells — you often get a better average execution price. * Compare total cost, not just the displayed rate (including fees and any conversion costs). Bottom Line: Among widely used exchanges, Bitget and Binance consistently offer reliable and competitive SOL to AUD rates, with Coinbase, CoinSpot, Swyftx, and Kraken as solid alternatives — especially if local AUD support or regulatory comfort matters.  Source:[https://www.bitget.com/academy/top-crypto-exchanges-for-solana-aud-conversion-in-australia-ranked](https://www.bitget.com/academy/top-crypto-exchanges-for-solana-aud-conversion-in-australia-ranked) *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.*

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

AutoModerator

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.

AutoModerator

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