Cryptocurrencies have formed a borderless payment system that, while they have managed to decentralize the economy for many people, this also represents an advantage for organizations with illegal purposes, especially the deep web markets and illicit urban transactions paid for in crypto. For this reason and many others, the Australian Government maintains a control over the manipulation of digital assets in national territory and has imposed some rules, which will definitely have an impact on your tax payment if you have earned income trading cryptocurrencies. All citizens must keep a record of their movements with cryptocurrencies, especially if they are receiving an income.

How does cryptocurrency tax work in Australia?

The taxes that cryptocurrency traders have to pay are going to depend directly on the nature of the operations they perform, but they will have to be paid even if you are using a foreign cryptocurrency exchange. CGT (Capital Gain Tax) will be charged when selling cryptocurrencies, acquiring goods / services through them, exchanging them for fiat currency such as AUD or other cryptocurrencies. In short, if you get some kind of capital gain from a cryptocurrency transaction, regardless of how it was done or for what purpose, a portion of that income will be taxed.

However, if this type of crypto transaction comes from a formal business, these gains will be perceived as regular income (like any other) and not as capital gain. It should be noted that each cryptocurrency involves different CGTs.

Every time you carry out a cryptocurrency transaction that leaves you a profit margin, said profit will be calculated in AUD and subsequently taxed. For example, if an Australian buys 2 BTC at a price of $10,000 each and the market drives the price towards $15,000, the user would be making a net profit of $10,000 AUD, so taxes will be applied based on $10,000.

Here are two different ways how cryptocurrency tax works in Australia:

Tax on cryptocurrency in business or professional income

As we have previously mentioned, those people who have businesses running and carry out some type of transaction in cryptocurrencies, will be taxed as regular income, just as any other type of activity would be.

The ATO (Australian Taxation Office) considers these transactions as regular income when they come from cryptocurrency mining, professional trading in the crypto market, solid businesses that involve cryptocurrencies and businesses related to the exchange between some good for cryptocurrencies, such as restaurants or other businesses that accept Bitcoin (which are common in Australia).

Now, whether the ATO considers the product of a crypto transaction as regular income or not will totally depend on the parameters under which said transaction was made, the business plan existing at the time of carrying it out, paperwork or digital records on scheduled payments, among others.

Tax on cryptocurrency as personal investment

If an individual’s cryptocurrency operations escape the aforementioned parameters, they will be considered as CGT. This case is very common among entrepreneurs, freelancers and freelancers who do not have a company or business organization beyond their knowledge and ability to invest.

The ATO considers personal investments to be small-scale cryptocurrency mining, trading when done occasionally and without a plan that leads to consistency and buying cryptocurrencies as a hobby, in order to earn some kind of income from your investment.

What is ATO?

The Australian government collects taxes on individuals and businesses through the Australian Taxation Office (ATO). Each citizen or company must request this taxpayer number (tax file number), which is individual and non-transferable and is used by the ATO for identification and registration purposes.

Citizens can request the taxpayer number online 24 hours a day, 7 days a week and the only information required is the passport number and the address of the citizen. Obtaining the taxpayer number takes 10 days from the citizen’s online registration.

There are also paper forms that citizens must fill out and send directly to the ATO. Using this procedure, the process can take 28 days. The taxpayer identification number must be well protected. It should not be supplied to third parties, except in very specific cases such as when a bank account must be opened.

How does the ATO classify cryptocurrency in tax regulations?

The ATO recognizes cryptocurrencies as digital assets that are not issued by any government or political/financial entity, but rather work decentrally through a blockchain network, whereby all records of transactions made are kept without the possibility of being falsified/modified.

It is necessary to mention that the last years have been very important for the launch of new cryptocurrency projects and not all are equal to Bitcoin. Despite the fact that almost all of these digital assets share characteristics (such as a particular blockchain and borderless transactions), the ATO remains open to change or reclassify cryptocurrencies should a project with different properties appear; For example, if any bank launched a centralized cryptocurrency.

How to keep record of cryptocurrency transactions?

Regardless of how you use your cryptocurrencies, each Australian citizen must keep track of their transactions, regardless of whether it is for personal purposes or for reasons of a particular business. Maintaining this record is important to successfully meet your cryptocurrency tax obligations and thus, be able to carry out an estimate of your income, losses, expenses and more.

In order to keep track of your transactions in cryptocurrencies, you must save a series of data regarding these operations:

• Transaction Date: The day on which a transaction was made with a digital asset.
• The value of the cryptocurrency used in AUD at the time of the transaction: Assuming that you made transactions with Bitcoin on May 5 at a value of $ 8,000, this would be the value chosen to establish the tax.
• Reason for the transaction and recipient: This means that you will have to explain the purpose of the transaction (be it the payment of a service, deposit, exchanges, etc …) and to whom the tokens were sent. Here we can understand how OTA works to limit illicit activities in crypto.

In addition, you must keep records regarding any activity that you have maintained in crypto spaces. This information will not be directly delivered to the ATO but will help you keep detailed records of the transactions you have carried out.

• Receipts and invoices for online purchases and investments in cryptocurrency exchange companies
• Accounting records
• Activity logs on wallet platforms (where users keep their cryptocurrency tokens)
• Software expenses to calculate your tax obligations

Saving this information will prevent you from losing track of your expenses and taxes, so making a habit of this record is a great idea.

Why do you have to buy cryptocurrencies?

Purchasing cryptocurrencies in Australia is still an excellent idea, contrary to the ideology of many people who think that it is too late due to the high price of some like Bitcoin. The cryptocurrency market houses at least 6,000 distinct tokens, not to mention that new projects with brilliant ideas are constantly emerging, which are seized upon by futuristic technologies to exert a function. That is, it is not only a good idea from the economic point of view, but they will also help you learn, optimize your performance in different obligations and even for entertainment.

Although the price of Bitcoin is so high, it is still a great idea to buy, especially if it is long term. Bitcoin tokens are obtained through a process called “mining”, through which hardware devices are used to solve algorithms and thus “mine” said tokens. Because Bitcoin was created to be a deflationary currency (its value will increase over time), the mining reward is chopped in half for 4 years, thus making Bitcoin’s total supply finite and increasing its demand dramatically every certain period. of time. This causes the price of BTC to increase “The lower the supply, the greater the demand”.

Let’s review some of the reasons why it is a good idea to invest in cryptocurrencies:

• Anonymity and Privacy: Anonymity and privacy are another of the strengths of cryptocurrencies, because the blockchain system prevents external parties, organizations and governments from knowing what you are investing or buying in, how much you have spent and who you are buying from.
• Transaction costs: The fees for transaction with cryptocurrencies are much lower than those made with traditional currencies. Transaction costs are typically zero to very low for cryptocurrency exchange as miners are compensated by the network.
• Easy to buy: Traditional investment methods can be difficult; However, with cryptocurrencies it is easy, not as many permits are required and businesses operate 24 hours a day. You can receive and send cryptocurrencies without expensive software, without extensive training or licenses, and nobody can stop you from investing.
• Easy to handle: It is becoming increasingly complex to carry large amounts of money from one place to another. Carrying thousands in cash can be a problem; However, with cryptocurrencies all these difficulties are solved, since it is possible to carry any amount of money in cryptocurrencies in just a flash memory.
• Transaction speed: With cryptocurrencies, you can send money anywhere in the world, without restrictions and it will arrive in just minutes. It will only take the time it takes for the network to process the payment.
• Debt Free: Cryptocurrencies do not represent debt, they represent themselves and always accurately reflect the total amount of money you have.
• Low inflation risk: Although their prices change in the market depending on bullish/bearish trends, cryptocurrencies have very low inflationary risk. This happens because all the traditional currencies in the world are controlled by governments and if they face a crisis, then their currency suffers the effects, which leads to a devaluation in the value of the currency. Because governments do not directly control cryptocurrencies, they cannot mismanage them and consequently, they are not capable of damaging their value, as has happened in countries like Venezuela.

You can buy cryptocurrencies in Australia from a local exchange platform, although it is recommended that you choose one that serves your needs in terms of rates, manageability, fluidity of the system and details of the wallet. Easy Crypto AU is a local exchange platform on which Australian residents will be able to buy Bitcoin and other cryptocurrencies directly in AUD through bank transfers. After registering in the Easy Crypto system, you will have to verify your account with a KYC process and you will be able to buy Bitcoin, Ethereum, Dash, Digibyte, Litecoin, Ripple and many other cryptocurrencies. If you have questions, the customer support team will be ready to accompany you on your orders.

The post Understanding Cryptocurrency Tax in Australia appeared first on Easy Crypto.

What is Bitcoin exchange and how does it work?

A Bitcoin exchange is a service that functions as an intermediary between users and cryptocurrency markets, allowing them to buy and sell Bitcoin and hundreds of other digital assets, just like CFDs (Contracts For Difference) between cryptocurrency pairs. These markets are offered to people through these companies that are in charge of preparing decent platforms with all the necessary tools so that the user has a satisfactory experience in their investments.

The Bitcoin exchange began to appear years after the creation of Bitcoin itself, at the time when new cryptocurrency projects and independent tokens emerged that went on sale in their respective ICOs (Initial Coin Offering) and obtained a quote, thus creating with over time (and among many other projects) the cryptocurrency market.

These companies also allow cryptocurrencies to operate as pairs with fiat currencies such as USD, EUR, AUD and others, in addition to accepting deposits with credit / debit cards and bank wire transfers. Most Bitcoin exchanges allow you to transform the balance available on the platform to cryptocurrencies and make withdrawals to another wallet or to your personal bank account, if you prefer fiat withdrawals.

For example; if you are using a Bitcoin exchange in Australia and would like to receive your earnings in AUD, the platform recognizes your withdrawal petition and sends the money to your bank account after requesting it. If you want a BTC withdrawal, you can receive your tokens in a personal wallet and keep them for hodling or you can also sell Bitcoin in Australia, as it is completely legal.

What to consider when choosing the Bitcoin exchange?

Before depositing our money to any Bitcoin exchange in Australia or any country, we must ensure that we are choosing the best possible service. We will know this by analyzing the properties and capabilities of each exchange company to determine if it is worth our trust.

Security

Due to the fact that these platforms move huge amounts of money they are frequently targeted by phishing and cyber attacks. Criminals will take advantage of any type of vulnerability or system failure to access significant amounts of money belonging to users and withdraw them between different wallets.

For this reason, trustworthy exchange companies decide to encrypt their systems using complex security protocols and keep most of the funds in cold storage (offline storage), which prevents anyone from accessing these funds without authorization.

Another important aspect is 2FA (2-factor authentication), a security protocol that verifies if the person behind the login is really the user by sending a verification code to their mobile device and email, which will have to be entered to the system to access the account.

Technology

It is logical that we look for a Bitcoin exchange built on recent technologies and the platform is programmed to respond to every request made by a user. It will depend on this aspect that our actions within the exchange can be carried out successfully.

Transparency

Each Bitcoin exchange has to be fair to its users, this includes the internal policies of the platform and the company in general terms. Let’s also remember that there are many fraudulent exchange platforms that scam their users through requests such as deposit minimums and use the money invested for other purposes, which begins to trigger problems when users make a withdrawal.

We recommend using regulated exchange services because you can count on your money to be safe. If a Bitcoin exchange is regulated, you can be sure that they will not be able to commit fraudulent maneuvers, improperly take advantage of users’ investment or manipulate prices at will. Generally, we can know if an exchange company is regulated by whether it asks for KYC (Know Your Customer) verifications in order to operate on its platform.

In addition, we also recommend using a Bitcoin exchange that can support users in the event of a security breach since the blame does not fall on the users (logically).

Fees

Bitcoin exchanges receive profits through trading fees and spread with which they establish market prices. This means that a percentage will be taken from each transaction and for each contract you buy, they will receive a small part. You might as well choose an exchange with low fees.

User experience

The exchange platform that we are going to use must be smooth and easy to use, which means that we should not go through bugs or difficulties when placing an order or canceling it. We also need to be able to understand the interface and familiarize ourselves with the options, in order to be able to play a good role in our experience.

Where to buy Bitcoin in Australia?

You can buy or sell Bitcoin in Australia using an exchange company that meets the requirements you are looking to create an account, buy the BTC tokens from friends or family who are interested in exchanging them or simply buy BTC from a Bitcoin ATM in Australia. These devices process your transaction and allow cash and card purchases to then send the equivalent amount in BTC to a wallet that you must specify.

If you are looking to get the best crypto exchange in Australia that means you’re looking for a transparent option that allows you to directly deposit in AUD and buy tokens to your preference, so it is recommended that you use a local platform like Easy Crypto AU.

Easy Crypto is an exchange service for Bitcoin and many other cryptocurrencies that will allow you to make purchases in AUD and/or other cryptocurrencies, as long as there is a wallet for it. This service also allows bank wire transfers and will ask you to go through a KYC verification before you can buy or sell digital assets on the platform.

Signing in is very easy and the platform has a friendly interface that will allow you to explore every inch of it so you can get used to how the options work.

The post How to Choose A Bitcoin Exchange in Australia? appeared first on Easy Crypto.

If you are someone who’s already heard the word blockchain in so many times and feeling that you are still one of those dummies about it, it’s okay. We are here now, and we will save you from all of the confusion about blockchain technology.

Even Bitcoin and other cryptocurrencies are going popular these days, it is understandable though if at the moment there are people who still have no idea what blockchain is exactly, how does it work, and what kind benefit is it offer. Because at this point, Bitcoin (as the most popular technology that uses blockchain) is often explained only as a new currency or transaction.

So here are some guides about blockchain for you. Let’s take some note, and end all your search on blockchain for dummies right now.

What is blockchain?

The last 20 years have been noted for having technological advances superior to those of the last century, especially when it comes to saving data and ensuring that it is never lost. Today, we can say that we live in the era of blockchain, a technology with enormous levels of applicability and reliable like no other. Everyone is talking about it and companies from different sectors are working on blockchain adoptions, which is why it is important to share knowledge and tune into the aspects and benefits of this network.

Blockchain is a database distributed among different computers/nodes around the world, which cannot be falsified or corrupted. In order to understand what it really is, we can compare blockchain to an accounting book that replicates identically across all of these nodes, as well as all the operations that take place on the network. The concept is not based on a single entity that manages the information, but it is distributed in updated copies in real-time.

For example, imagine a lego block construction. Each block is an operation and each new block that is added contains all the untouchable information of all the previous ones. It is for this reason that blockchain points to the future of data management, being the only technology that ensures 100% that there will be no manipulation of records. Blockchain establishes a consensus in which all parties must agree to function.

Although blockchain emerged as a boom with the birth of Bitcoin, this technology was born in 1991 at the hands of scientists Stuart Haber and W. Scott Stornetta to prevent data falsification using a computational solution. Ironically, it would take almost 20 years for us to realize how important it was to adopt blockchain to our lives.

How do you explain the way blockchain works to dummies?

There are many ways to explain how this technology works. But since we are trying to make this article as a blockchain guide for dummies, let us try to make it as simple as possible.

Blockchain poses a mathematical challenge to nodes and the first one to solve it sends the unique solution to everyone else. If the majority of the nodes certify that the result is correct, that block is accepted by all and becomes part of the chain with all the previous information, in addition, to have an indelible stamp of the moment in which the operation was performed. In this way, the network works by inviolable consensus between the parties.

Once an operation is approved in this master book, it cannot be modified or removed, so in a few words blockchain replaces trust with mathematics.

It should be noted that for blockchain technology to work, whoever wants to use it must create specific software for it. This software will allow computers to create a network that will put the blockchain in distributed operation, just as it happens in the case of Bitcoin and other cryptocurrency software. In all possible cases, this software will be open source and will have to be supported by free software licenses. This will give the blockchain a public character and allow contributions.

The essential work of a blockchain is to allow us to read and introduce new records that have been approved by all parties. Anything that does not agree with the previous records will be impossible to recognize since we are talking about very advanced mathematical calculations that — if they are correct — will always coincide.

The benefits of blockchain

People who still feel themselves belong to blockchain dummies is because they don’t understand the benefits of blockchain yet. With its advanced and well-calculated technology, blockchain offers so many advantages, some of them are as follow:

Greater security

One of the most distinctive features of blockchain is that it increases security levels by having the infinite capacity for data checking. All data transmitted between blocks is intrinsically encrypted, which is why we are talking about a network that simply cannot be manipulated for the benefit of anyone, but rather by the consensus and approval of all. The application of blockchains makes security systems with users and passwords seem like a bad joke.

Since there is no blind spot in the blockchain, it is practically impossible to hack this data. Think of it this way; If a document is saved on every computer in the world, it will be difficult to convince one that the others are transmitting false data. In a common scenario, a hacker would have to overwhelm more than 50% of a blockchain faster than a block is created, thus requiring unthinkable computing power. It is also necessary to point out that the bigger and decentralized a blockchain is, the more difficult it will be to attack.

Decentralization and incorporation of smart contract blockchain

The decentralization of blockchain technology is one of the reasons why it is so special, since it does not necessarily have or can be created by a government or financial institution. Although there may be a private blockchain, data storage and verification of blocks transcends the boundaries of censorship, control and other barriers that we can achieve in traditional systems.

Smart contracts in blockchain are contracts that self-execute when the conditions signed by the parties involved are met. For example, suppose you buy a plane ticket for $500, but you add $50 insurance that stipulates the refund of the amount in case the flight is delayed 2 hours. When your flight is delayed, you receive a deposit of $550 without anyone lifting a finger. The terms of the contract are simply being met through smart solutions.

Smart contracts in blockchain serve to pay bills when they reach a specific amount, save paper costs and business procedures, among many other uses.

Greater speed and efficiency

Blockchain is probably the fastest and most efficient technology that humans have come up with so far, especially considering how tedious manual data entry can be. Also, we risk making mistakes (which is natural in humans) and failing to complete a procedure that took a long time to get started. Blockchain is responsible for checking all records ever existing in no time and without margin of error.

Blockchain’s verification speed also has its great benefits. Blockchain eliminates the intervention of third parties in verification processes because the information necessary to carry out this procedure is included in the distributed ledger, thus allowing them to occur almost instantaneously.

The example of using blockchain technology in daily lives

Blockchain managed to demonstrate its potential after Satoshi Nakamoto created Bitcoin, the first cryptocurrency in the world and also the first to operate with blockchain technology. Every Bitcoin transaction is, although anonymous, by far the most incorruptible payment system that we’ve experienced so far, as there are no chances of a fraudulent Bitcoin transaction (thanks to the blockchain). This was one of the first major use cases for blockchain and would mark a milestone in the world’s financial history.

The Bitcoin-Blockchain relationship is a bit more complex than it sounds. But again, in this special edition of blockchain for dummies guides, we’ll keep trying to explain it in the simplest way is possible:

Blockchain works as a digital ledger for Bitcoin. It verifies and records all the transactions that ever made since the first block was mined. The crypto community started mining Bitcoins through mining machines, which decode complicated mathematical calculations from these blocks at surprising speed and get rewarded for it.

Thanks to blockchain, it is impossible to fake or manipulates any Bitcoin transaction that has already been made or that is yet to be carried out.

Let’s try blockchain by buying Bitcoin or other cryptocurrencies

Multiple companies and institutions around the world are adopting blockchain solutions to optimize the quality of their work and services, which could drive humanity’s technological advance even faster than we have witnessed for the past 10 years. Blockchain has already been tested for electrical service companies, fast food chains and product exports, etc. Even Walmart has declared to be interested in implementing this technology to optimize the deliveries of its packages. And in Australia itself, there are already a lot of businesses that accept payment with Bitcoin.

The truth is that blockchain’s relationship with cryptocurrencies is only a prelude to the full capabilities of this technology and the only way to see how far it can go is through new use cases, and there is no shortage of them.

Although blockchain promotes decentralization, it can even be used to keep presidential elections clean and safe, if the electoral authorities decide to implement it. Australian authorities use blockchain to store police footage as incorruptible evidence, and Dubai spoke about moving all public documents onto a blockchain, thus proving the level of seriousness with which this technology is taken.

So, that’s all the blockchain guides for dummies. What do you think? Is blockchain technology great? Are you interested in trying cryptocurrencies? Will blockchain and cryptocurrency improve our lives better?

The trust people have in blockchain has greatly fueled the acquisition of cryptocurrencies that work through it, as investors see an opportunity to keep an incorruptible record of the transactions they make while ensuring that their payments they will not be subject to fraud. Australian residents who are interested in buying Bitcoin and/or other cryptocurrencies will be able to do so at Easy Crypto through a simple process. All you have to do is register on the official Easy Crypto Australia platform, complete a KYC (Know Your Customer) process and you can make payments in local currency (AUD) to position your orders.

The post Blockchain for Dummies — A Complete Guide for Beginners appeared first on Easy Crypto.

These days, Bitcoin ATMs are easily found in Australia. Over the past years, there numbers continue to grow. One by one Bitcoin ATMs have popped up in some areas. And that is great news since the number of people who buy Bitcoin is increasing as well in Australia.

But the existence of the Bitcoin ATM is still surrounded by confusion and a lot of questions by many people. Most of them still have no idea what a Bitcoin ATM is, what it looks like, how to use it, and where they can find them.

Luckily for you, today we’re going to talk about Bitcoin ATMs in Australia. Let’s start with the basics.

What is a Bitcoin ATM?

Bitcoin ATMs are ATMs as we know them but designed to sell Bitcoin (BTC) to users in fiat currency, thus serving as an alternative to people who are not familiar with exchange platforms. Most of these Bitcoin ATMs in Australia have the option of both buying and selling Bitcoin, which is very useful among customers.

These devices have a friendly and intuitive interface, which makes buying and selling Bitcoin using them, simple. The procedure for purchasing Bitcoin at these ATMs should be as familiar as standard ATMs so users of different ages and generations are able to transact. There are different models but they all work the same and each process is indicated when interacting with the device.

How to buy Bitcoin in Australia with Bitcoin ATM?

As we have previously mentioned, the process to buy BTC through a Bitcoin ATM is simple and almost anyone can do it. Unlike buying cryptocurrencies on an exchange platform, these Bitcoin ATMs allow you to buy with fiat currency in cash without having to enter the market to do so.

However, we have to highlight that the commissions when making an exchange with these devices is approximately 5% more expensive than the original market prices. This make a Bitcoin ATM not the best instrument for acquiring lots of Bitcoins, but it will serve to make people aware of it.

Make sure you use a crisp note so it goes in nicely and enter the exact amount. In most cases, the minimum purchase is equivalent to 5 AUD, although it may vary depending on the type of Bitcoin ATM and the place where it is located.

How to withdraw cash from a Bitcoin ATM?

Just as you can buy Bitcoin in Australia by using a Bitcoin ATM, you can sell Bitcoin as well and receive cash in return. This procedure is as simple as purchasing.

1. Provide the account
   First, you will have to enter your Bitcoin ATM account, locate the “Withdraw Cash” option and press it.
   
2. Specify the amount
   Specify exactly the amount of cash you want to receive in exchange for your Bitcoin.
   
3. Receive QR code
   The device will provide you with a QR code with a Bitcoin address. This address must be used to send the equivalent in tokens that you wish to withdraw.
   
4. Collect your cash
   After 30 minutes (waiting time to receive the necessary block confirmations) your transaction will be recognized by the Bitcoin network and you can collect your cash.

The purchase limit per person is the equivalent of USD 3,500, making it impossible to buy or sell a full Bitcoin token in its current price with these Bitcoin ATMs. However, you can periodically buy if you intend to collect multiple tokens and save them for the long term. It should be noted that the limit will vary on almost every Bitcoin ATM.

Just like buying Bitcoin, exchanging them for cash charges a commission that will be deducted from the total balance. This fee can range from 5% to 10% depending on the device in use. Generally, there is also a cash withdrawal minimum limit and it is the same as the purchase minimum limit of $5 AUD.

Where to find Bitcoin ATMs in Australia?

Bitcoin ATMs have been popping up all over the world for the past 10 years, especially in first world countries. Naturally, people have gotten used to it and it is more and more common to see someone owning a bit of Bitcoin than ever before.

In Australia, there are a good number of these devices and they are distributed throughout the cities, so here is a small list in case one of them is near your location.

In Brisbane:

Phoenix Rising Cafe BTC ATM

1. SkyHook BTC ATM.
2. Fiat to Bitcoin only.
3. 7 days a week from 10:00 am to 6:00 pm.
4. Phoenix Rising Cafe, Lot 9 No2 Blue Knob Road, Nimbin NSW 2480.

Air Mobiles Bitcoin ATM

1. Lamassu.
2. Fiat to Bitcoin only.
3. 9 AM to 5:30 PM weekdays with late-night availability on Thursdays until 9 PM. Weekend hours 10:00 AM to 4:00 PM.
4. Shop 94 Grand Plaza Shopping Centre, 65-85 Browns Plains Road, Browns Plains QLD 4118.

Quickbit Bitcoin Exchange Bitcoin ATM Sunshine Coast

1. Lamassu
2. Fiat to Bitcoin only
3. Tuesday to Saturday 8:00 AM to 4:00 PM
4. 2/39 Brisbane Road, Mooloolaba, Sunshine Coast Queensland 4557

In Sydney

Haymarket City Convenience Bitcoin ATM

1. Lamassu
2. Fiat to Bitcoin only
3. 24/7
4. 86 Liverpool Street, Sydney NSW 2000

Wynyard Circular Quay City Convenience Bitcoin ATM

1. Lamassu
2. Fiat to Bitcoin only
3. 24/7
4. 234 George St, Sydney NSW 2000

Lucky 7 Crystal Minimart Bitcoin ATM

1. Genesis Coin
2. Bidirectional Buy and Sell
3. 6:00 AM to midnight
4. 22 Crystal Street, Waterloo, Sydney NSW 2017

In Melbourne

Gorilla Direct Bitcoin ATM Richmond

1. Lamassu
2. Bidirectional Buy and Sell
3. Monday to Friday 10:00 AM to 5:00 PM
4. Level 1, 2/4 Bridge Road, Richmond VIC 3121

Macaulay Cleanskins Wine Bitcoin ATM Melbourne

1. General Bytes
2. Fiat to Bitcoin only
3. 12:00 PM to 10:30 PM
4. Address: 478 Macaulay Road, Kensington VIC 3031

The Mainchain Bitcoin ATM Melbourne

1. General Bytes
2. Fiat to Bitcoin only
3. 24 hours, 7 days
4. 160 Swanston Street Melbourne CBD, 3000

The alternative and faster way to buy Bitcoin online

As practical and easy as it can be to use a Bitcoin ATM in Australia, there are other, simpler, cheaper alternatives that do not require you to go outside, for example; a local exchange platform.

Easy Crypto is the perfect example of a cryptocurrency exchange platform in Australia, allowing you to acquire over 20 cryptocurrencies using AUD. You can pay through bank transfer or POLi Payments and the commission (expressed as spreads) are far less aggressive than those charged at Bitcoin ATMs.

To use the Easy Crypto service, you must register on the platform, complete the KYC procedure to verify yourself as an official member and you can start exchanging cryptocurrencies to your liking.

Feeling interested in purchasing Bitcoin now? Do not hesitate to contact us for more information about buying Bitcoin or any other cryptocurrency in Australia.

We’re happy to help

The post Bitcoin ATMs in Australia: What, Where, & How to Use appeared first on Easy Crypto.

Before you try to find the cheapest way to buy Bitcoin in Australia, the first step that you have to do is to define the purpose of your purchase. In other words, you should know what type of buyer you are and why you are trying to get some BTC tokens. Considering Bitcoin revolutionized the financial space, users should know what to expect from this cryptocurrency, whether it’s the possibility to send international payments with small fees, not exposing yourself when sending money, or finding an escape route from fiat currencies that will most likely lose their value over time.

Reasons to buy Bitcoin

Here are three different reasons that could be your goal in buying Bitcoin:

• Anonymity
  The main feature of Bitcoin and many cryptocurrencies is that they work under decentralized technologies, therefore, the transactions take care of the privacy of their users, who will be able to carry out transactions freely for whatever reason they have. Also, many users look for platforms with strong security and privacy protocols to buy their cryptocurrencies.
  
  The fact that the Bitcoin network only requires you to specify an address and the amount you want to send makes users who care about privacy start running their transactions with BTC tokens.
  
• Ease of use
  Sending and receiving Bitcoin is even easier than handling money from a bank account. Basically, you just have to log in your Bitcoin or crypto wallet and copy (or paste) the address, depending on if you want to send or receive a transaction. Users no longer have to spend time registering other bank accounts in their directory, so many people decide to get involved with crypto and save quite a lot of time when making transactions.
  
• Security
  People often jump into Bitcoin for the fact that no transaction will ever be lost, as blockchain technology offers an eternal and incorruptible record of data. Unlike bank transfers, it is impossible to make a Bitcoin transaction that won’t get through or gets returned/blocked over banking policies. Besides, Bitcoin security protocols can be even stronger than those of financial institutions such as traditional banks. Users also become the only masters of their funds, so that makes them feel safer.
  
  Regardless of the reason why you’re trying to get some Bitcoin in Australia or other countries, you probably want to get it the cheapest way by saving as much as possible on fees and exchange commissions.

How can you buy Bitcoin in Australia?

For a regular user, there are multiple ways to buy Bitcoin in Australia, especially if you know-how. Be that as it may, buying Bitcoin is nothing more than exchanging one currency for another between two parties, which can be done in several ways:

• You can buy Bitcoin in Australia from Bitcoin ATMs
  These days, Bitcoin ATMs are easily found in Australia. And to use it, you will first need to scan an address from your BTC wallet with the ATM scanner. Depending on your country of residence you will have to scan your fingerprints as a measure against money laundering and then you can specify the amount to buy (there is usually a limit). Then insert your cash and the purchase will be processed automatically, which means that the ATM will send the BTC tokens to the address you previously provided. This is also one of the cheapest ways to buy Bitcoin.
  
• You can buy Bitcoin from exchange platforms in Australia
  To buy Bitcoin in an Australian exchange company you must register first, which you can do by giving your email address and typing a strong password. Some platforms allow you to participate in the market on a large scale and others simply have direct options to buy BTC and some cryptocurrencies with AUD. These spaces allow you to exchange other cryptocurrencies for Bitcoin or make purchases with a debit card/bank wire transfers.
  
• You can buy Bitcoin in Australia from family/friends
  Crypto adoption has increased a lot around the world, especially in Australia. For this reason, many people receive their salary in Bitcoin or bought tokens that they now want to sell, making it completely legal to trade with them and receive BTC in exchange for the local currency. This can be one of the cheapest ways to buy Bitcoin since you do not have to pay fees and the transaction can be free if the sender uses the Lightning Network (instant and commission-free BTC payments).

So, what is the cheapest way to buy Bitcoin in Australia?

Regardless of the reason why you’re trying to get some Bitcoin in Australia, you probably want to get it the cheapest way by saving as much as possible on fees and exchange commissions. Hence, you might want to choose the cheapest way to buy Bitcoin, especially here, in Australia.

Some exchange platforms charge you deposit/withdrawal fees or obtain their part by taking advantage of the spread, which can be defined as the margin of difference that exists between the real price of BTC and the price that the exchange companies have.

As we have reviewed, it is possible to buy Bitcoin in various ways in Australia, although if you are thinking of using an exchange platform, few will allow you to do it as easily and cheaply as Easy Crypto Australia (AU).

The Easy Crypto commission system establishes commissions between 0.5% to 1.8% when buying cryptocurrencies, although this balance will not be deducted from your purchase but will be added directly to the price of the token (as we explained the spreads above), in this case, Bitcoin.

Easy Crypto provides a safe and cheap Bitcoin storage

You can store your BTC tokens on Bitcoin or crypto wallet platforms that have a good reputation and low commissions (for your convenience). These services allow you to keep your cryptocurrencies saved as if it were a bank and they do not charge you to keep your tokens there. However, if you want to withdraw your money you will be charged the mining fee + a small percentage for the wallet.

Easy Crypto also has a crypto wallet service where you can keep your Bitcoin (and many other cryptocurrencies) safe although there are really many ways to keep your tokens saved; For example, hardware wallets and wallet applications for Android and iOS. We also recommend saving your cryptocurrencies in a cold storage crypto wallet so no one but you can access them.

Although much big exchange platforms have Bitcoin or cryptocurrency wallet services for a large list of cryptocurrencies, it may not be the safest option since these spaces are usually a phishing target and your tokens may be at risk.

Now that you finally know the cheapest way to buy your Bitcoin, how do you feel about trying it? Do not hesitate to contact Easy Crypto team if you want to buy Bitcoin instantly in Australia.

We are always ready to help.

The post What’s the Cheapest Way to Buy Bitcoin in Australia? appeared first on Easy Crypto.

A lot of businesses have started to accept Bitcoin (BTC) in Australia as another form of currency, and that’s good news. In these times, companies must adapt to new technological spaces, in order to adjust to users’ needs and update the way they handle money. Witnessing the impact of blockchain technology and how people start creating digital assets, it is natural to watch numerous businesses started to accept Bitcoin payments in Australia and other countries, thus expanding the scope of their business.

However, to start accepting Bitcoin payments, it is very important to understand first the advantages that this technology offers compared to traditional payment methods. For this reason, we will highlight the advantages of accepting Bitcoin for companies and entrepreneurs.

Why do businesses accept Bitcoin in Australia?

There are many reasons why businesses have started to accept Bitcoin as another form of payment. Some of them are as follows:

• Low Commissions
  Bitcoin transactions will only deduct a small fee from the total amount to be transferred, which will be taken as a mining reward. These fees are distributed to those who mine the tokens and maintain the continuity of the BTC network. This commission can vary between 0.00008 BTC up to 0.0004 BTC.
• Irreversible Payments
  Sometimes people reverse their payments/transfers in a fraudulent maneuver after receiving the item or service, thereby causing a loss to the seller. However, when using Bitcoin, there is no chance that customers will attempt to reverse their transactions once they complete them
• Easy to Use
  Using Bitcoin is much easier than using bank accounts. To start accepting payments with the cryptocurrency both sellers and customers simply choose and download the Bitcoin wallet that is available in Australia to their computer or smartphone.
• Decentralized Technology Favors International Payments
  Bitcoin technology is totally decentralized. Therefore, it allows businesses to accept and send Bitcoin payments in Australia or any other country, as long as there is an internet connection. That is why this is such an easy, fast and economical way to make payments, regardless of geographic and political barriers.

Now, how long do Bitcoin transactions take?

Bitcoin transactions usually take between 40 minutes to an hour to be confirmed, although the speed of the transaction will depend directly on the mining fee that has been deducted from the total amount. The higher the mining fee, the more likely it is that a miner will process your transaction quickly and you will be able to obtain the necessary confirmations for it to reach its destination.

A debit card purchase indeed takes less time to process, but it is worth waiting an hour for a transaction that cannot be reversed or fraudulent under any circumstances. Each BTC transaction is validated by block confirmations, which occur approximately every 10 minutes.

There have been cases in which a BTC transaction can take up to 8 hours to be confirmed by traffic on the Bitcoin network and very low mining fees when sending the tokens. However, solutions have been created to process BTC payments instantly, such as the Lightning Network (LN). LN wallets immediately send the tokens to the recipient, although they are more suited to small and medium payments.

The list of businesses that accept Bitcoin in Australia

Food and drinks

• The Cellar By Bouche: 6 Bridge Street, Sydney. Phone (02) 82789400. A restaurant/wine bar located in Sydney’s financial district.
• The Owl House: 97 Crown Street, Darlinghurst. Phone (02) 93575060. Nice dining business with awesome food and drinks. Located in Sydney.
• Since I Left You: 338 Kent Street, Sydney. Phone (02) 92624986. Bar/restaurant with live music shows and nice food and drinks.
• Cellini’s Bar Restaurant:  Level 2 Shop 46-48 Queen Victoria Building, George Street, Sydney. Phone (02) 92644671. Restaurant with a varied menu of food and drinks
• Greenhouse Cafe: 68 Oxford Street, Darlinghurst, Sydney. A little cafe which serves coffee, doughnuts and other snacks.
• Lezzet Grill and Pide House: 662 Crown Street, Surry Hills, Sydney. Phone (02) 80840843. Delicious Turkish dishes and gourmet pizza menu
• Black Star Pastry & Cafe: C1 / 85-113 Dunning Avenue, Rosebery, Sydney. Phone (02) 95578656. Famous for its Strawberry Watermelon Cake, a boutique patisserie.
• Hero Subs: 1 Stewart Street, Melbourne. Phone (03) 99954655. A New-York-inspired sandwich dining business. 
• Giuseppe’s Pizza: 92 Wilsons Road, Mornington. Phone (03) 59772228.  A family pizza shop loved by the locals. Melbourne.

Health services

• Tamworth Heart Clinic: 40 Piper Street, Tamworth Phone (02) 67663299. Experienced cardiologist in Sydney.
• Quality Dental:  Ground Floor Sophos House, 3/1 Elizabeth Plaza, North Sydney. Phone (02) 99221159. Cosmetic dentistry services. 
• Gold Coast Aesthetic Dentistry: 3/109 West Burleigh Road, Burleigh Heads.  Phone (07) 55766208. Cosmetic and general dental practice in Brisbane.
• Baydental Wynnum: 138-140 Tingal Road, Wynnum, QLD 4178. Phone (07) 38933055. Brisbane dentist specializing in smile restorations (dental bridges, crowns, and more).

Fashion/Beauty

• Monstrosity Dreadlocks: 160 Parramatta Road, Stanmore, Sydney. Phone (04) 90060116. Dreadlocks hairdresser with all the beauty gadgets.
• Eclectico:  163A Acland Street, St Kilda. Phone (04) 11209912. Stylish men and women clothes shop in Melbourne.
• Lawless Salon: Shop 5, Winn Street, Fortitude Valley. Phone (04) 51178348. Hairdresser in Melbourne.
• Beyond the Trap Door: 18 Forrest Street, Phone (08) 93886499. Lingerie, exotic fashion and sexy accessories in Perth.

Where can I buy Bitcoin in Australia?

Currently, crypto adoption has increased exponentially, which is why each user has at least 20 different alternatives to buy Bitcoin on the internet. From using cryptocurrency exchange platforms to using Bitcoin ATM in Australia, buying BTC tokens with fiat currency is very simple. For businesses to accept Bitcoin in Australia, you would have to buy it (or take them as a payment method) yourself.

The most common option is to register with an exchange company that has a P2P platform to sell and buy Bitcoin easily. In this space, you will be able to exchange fiat currency and/or other cryptocurrencies for BTC in immediate transactions, which will allow you to have your tokens in hand (figuratively speaking) and do business with them. These transactions are directly attributed to your wallet because most of these platforms have integrated Lightning Network for immediate transactions between 2 equal cryptocurrencies within the exchange.

If your level of experience trading cryptocurrencies is not adequate to participate in a large exchange platform, you can subscribe to local platforms and acquire BTC with the currency of your local country, such as USD, EUR, AUD, etc. This is perfect if you want to buy Bitcoin in Australia, as there are platforms such as Easy Crypto Australia (AU) that will let you buy how many BTC you want.

Regardless of the characteristics of an exchange platform, we must ensure that it has acceptable policies and that it does not impose restrictions on our country of residence.

Furthermore, you can always trade Bitcoin with friends and acquaintances who are willing to sell their tokens. Because Australia has a very large crypto community, this is completely legal and common.

The post The List of Businesses That Accept Bitcoin in Australia appeared first on Easy Crypto.

UNUS SED LEO was just added to BitFinex on May 20, 2019. It was founded as part of iFinex, to extend the capabilities of its platform and services. The technology is based on the Ethereum network, which means UNUS SED LEO is also an example of ERC20 tokens. And like many other cryptocurrencies, it has a goal to become a digital form of value too.

According to Coin Market Cap, UNUS SED LEO has a current supply of 999,498,892. Its last known price is at $1.24 USD and is up 4.31% over the day this article was being written. It is thriving pretty well in the market, and there’s no reason not to try it.

But first, here’s everything you need to know about UNUS SED LEO.

Now that you finally know everything about UNUS SED LEO, how do you feel about trying it? Do not hesitate to contact Easy Crypto team if you want to buy UNUS SED LEO in Australia.

We are always ready to help.

The post What Is UNUS SED LEO: Where & How to Buy LEO in Australia appeared first on Easy Crypto.

To buy Tron (TRX) in Australia is a promising investment. It is a blockchain that aims to be a platform for creative people, such as artists, writers, illustrators, film-makers, and musicians to release their work without having to go through Amazon, YouTube, Apple, or Facebook anymore. This new cryptocurrency was created to challenge the world’s leading platform for global entertainment.

Similar to any other new technologies around the world, a lot of people still find Tron coin is confusing. Yet, its development since 2017 is thriving well between the other cryptocurrencies. It has the potential to challenge the number of people who buy Ethereum or other cryptocurrencies in Australia

How so?

Here’s everything you need to know about Tron (TRX) in Australia.

Now that you finally know everything about Tron, how do you feel about trying it? Do not hesitate to contact Easy Crypto team if you want to buy Tron in Australia.

We are always ready to help.

The post What Is Tron: Where and How to Buy Tron in Australia appeared first on Easy Crypto.

Monero is starting to get popular in Australia. It is a quite unique altcoin and slightly different from other cryptocurrencies, notably when compared to the characteristics of Bitcoin.

Launched in April 2014, Monero now is being considered as one of the best cryptocurrencies in the world today. This could have happened due to its anonymity characteristics and its modern technology. It allows you to send any amount of this cryptocurrency without being visible to any other user.

How is that possible? And is it a good thing? Let’s answer your questions and delve deeper into the crypto called Monero.

Now that you finally know everything about Monero, how do you feel about trying to invest in it? Do not hesitate to contact Easy Crypto team if you want to buy Monero in Australia.

We are always ready to help.

The post What Is Monero: Where and How to Buy Monero in Australia appeared first on Easy Crypto.

Can I Buy EOS in Australia?

The purchase of cryptocurrencies has increased dramatically due to the profit opportunities involved. Countries on every continent are increasingly embracing the concept of digital assets, and Australia is no exception, especially with EOS. Being a special cryptocurrency for decentralized applications, the Australian community maintains a high demand for this token/coin.

To acquire EOS tokens/coins in Australia you will only have to create a personal and compatible wallet, which you can do at Easy Crypto Australia through a few simple steps. Sending and receiving EOS is extremely easy and we allow you to buy your desired amount using AUD at the most competitive rates.

Innovatively save, send, receive, or pay using EOS tokens in an intelligent, decentralized, anonymous way.

How To Buy EOS in Australia?

The first step to buy EOS in Australia is to access Easy Crypto and register a personal account, which you can use to acquire different digital assets and save them. Just like traditional exchange platforms offer a wallet service for the most popular cryptocurrencies, we give our users the opportunity to directly buy and store them. On the main page you will see the accepted currencies and the available tokens.

We know that not all users have the appropriate experience level to carry out transactions of this type on large exchange crypto platforms, which charge high transaction fees and have multiple types of orders, which can confuse beginner users. For that reason, we have a local Australian platform which allows you to access the crypto market.

How To Buy EOS With Easy Crypto AU?

Go to the official page of Easy Crypto Australia and access by creating an account or logging in through your Mail, Google and/or Facebook accounts. You will of course have to provide sufficient identification to meet government guidelines but this is usually a selfie and a copy of some Australian ID.

If you create a new account, you must confirm your email after sharing it with our platform and creating a strong password. After logging in, we recommend taking a look at the Easy Crypto options available to up-skill on our services. We have content guides and an excellent customer support team that can walk you through whatever you want to do within the platform.

Go to the…

“Buy & Sell” that you will find in the upper bar of the home page to directly choose the cryptocurrency you want to buy and the currency with which you can pay (AUD, in this case). Once you have followed the instructions and completed your order, your EOS tokens will be sent to your wallet so that you have them 100% in your possession.

What is EOS?

EOS is a blockchain platform designed to deploy decentralized applications (DApps). Its operation is similar to the Ethereum platform, with the exception that it is faster and more scalable. Allowing developers to create decentralized applications more efficiently.

The EOS project (for which the EOS tokens were created) is highly focused on solving many of the problems of blockchain technology. Especially those who keep it away from massification and worldwide adoption.

Blockchain is recognized as an infinite and unbreakable data network that stores information through the consensus of all the members of the structure. This technology holds great promise for the future and can be applied in different areas of our civilization, although its potential has not yet been fully revealed.

TECHNICALLY: Thanks to the DPoS consensus protocol or Delegated Proof Of Stake, EOS has a very efficient transaction system. due to DPoS, a transaction can be considered confirmed with 99.9% certainty, 0.25 seconds after its issuance.

LAYMAN’S TERMS: Transactions confirm securely, super fast!

Is EOS Legal?

Negotiations with EOS are 100% legal and transparent worldwide, which is why this and many other cryptocurrencies can be transferred freely through different countries without jeopardizing the funds sent for regulatory reasons. Also, remember that EOS is based on a decentralized platform. Tax implications in each country still apply.

Additionally, EOS is obtained using the Delegated Proof of Stake (DPoS) algorithm, which is also fully legal and improves upon the Proof of Stake (PoS) consensus algorithm. This system maintains that EOS token holders choose the creators of their blocks through a continuous approval system.

Since this cryptocurrency takes place primarily in a world of decentralized developers and applications, EOS has occupied an important place in the Australian software world, as it has in multiple countries around the world.

How To Profit From EOS?

Like other cryptocurrencies, EOS is listed on the crypto market and has a market capitalization of $2,417,877,510 USD or (roughly 2.4 billion US dollars), while transacting more than $1,395,000,000 (1.4 billion US dollars) a day.

EOS’s current price is $2.59 (a low price compared to past moves), so acquiring EOS could be a good deal in both the short and long term. Although the crypto market is known for its volatility, the price of this token can be used to make big profits.

Buying EOS before its price increases or selling it before it decreases could net some excellent returns, especially when we can buy large quantities for its current price.

This however is by no means financial advice and one should do their own research on investments.

Why Do People Buy EOS in Australia?

• Australian developers involved in the EOS platform enjoy high secure scalability

• Its price per token offers easy on-ramp opportunities on limited budgets. EOS can present price movements similar to those of cryptocurrencies such as Bitcoin, which can be very convenient considering that we can earn a higher percentage per acquired token.

• EOS is currently number 9 in Market Capitalization on coinmarketcap.com

The post How To Buy EOS in Australia appeared first on Easy Crypto.