How To Buy Bitcoin

So you want to buy Bitcoin? This guide shows you step-by-step the easiest and quickest way to buy Bitcoin.

1. Create Account

Create a BTC Markets account. This will give you a secure place to store, send and receive your Bitcoin.

2. Verify Your ID

Complete your profile and then follow the prompts to verify your identity. Once verifed, you are ready to fund your account. Go to Account > Deposit page to make your first deposit via POLi. It's quick and easy and deposits $500 and under often clear within minutes.

3. Buy Bitcoin

After you have funded your account, you are ready to buy Bitcoin. Simply login to your account and go to Buy/Sell page and begin buying Bitcoin.

What Do I Do After I Have Bought my Bitcoin?

You can either store them on our exchange or withdraw your Bitcoin to a wallet of your choice. The price of Bitcoin can change over time, so we'll show you the current exchange rate before you buy. If you need help on how to send your Bitcoin to your own managed wallet, please check our FAQs.

How Do We Determine Our Price?

BTC Markets is marketplace to buy and sell Bitcoin and exchange digital currency (such as Bitcoin, Ethereum and Litecoin). You're trading with other users of this site. The price you buy or sell Bitcoin at is up to you, however, the more competitive your offer the more likely it will trade with another user. The price is influenced by the demand and supply from buyers and sellers on this exchange. The current price is the price of the last trade that took place, meaning the last price a buyer and a seller agreed to exchange at.

AUD Deposits and Withdrawals

Bank transfers clear within 1-2 business days. The majority of the time it's next business day.

Crypto Deposits and Withdrawals

Bitcoin and Litecoin transactions are processed automatically. Transactions clear after 1 confirmations This time is dependant upon the speed of the network.

Please be advised you must be verified to withdraw. First time withdrawals may be subject to a security check that may delay processing time.

API

BTC Markets provides a simple and powerful REST API to help you create trading/payment/mobile app solutions that meet your specific needs. The API allows you to manage your orders and account, transfer funds and also access latest market data (e.g. order book, trades, tick).

For documentation and code examples please visit our Github site.

Two-Factor Authentication

Two-factor authentication provides additional security for your account by asking you to provide both "something you know" (your password) and "something you have" (your phone) in order to be able to login to the website. It prevents people who may know your password but don't have access to your phone from logging in to your account.