How to buy bitcoin with a bank transfer in Australia

Log in to paybtc with your email. Enter the amount and your wallet address, and confirm the wallet is yours. Verify your identity, then send a bank transfer to the details on your order. The bitcoin lands in a wallet you control.

How to buy bitcoin with a bank transfer, step by step

Step 1

Log in with your email.

On paybtc.com.au/buy, type your email and press Get Started. paybtc emails you a login code, and the next screen asks for it. If the email is slow to arrive, look in your junk or spam folder.

The buy page on a phone, signed out: the heading “Buy bitcoin. Own it for real.”, an Email field and the Get Started button.

The login code screen: the heading “Check your email”, a “Paste your code” field, the Continue button and the email address the code was sent to.

Step 2

Enter the amount.

Type how much you want to spend, in dollars or in bitcoin, and press Next. A new account starts with a $5,000 limit.

Step one of the buy form for a new account: the heading “How much are you buying?”, an amount in dollars with the matching amount of bitcoin beside it, and the Next button.

Step 3

Paste your wallet address and confirm the wallet is yours.

Use a wallet you control; b, the wallet paybtc built, is in TestFlight: join at getb.app. In your wallet, find “Receive bitcoin” and copy the address. Paste it into “Your bitcoin address”, or scan the wallet's QR code with the scanner in that field. A box then appears with one sentence: “I confirm the receiving wallet belongs to me and that no third party is involved in this payment.” Tick it and press Buy.

paybtc asks under the Travel Rule, an AUSTRAC obligation, to confirm who receives the bitcoin before sending it. Ticking the box says the wallet is yours and you are buying for yourself. You tick it once for each new address.

Step two of the buy form: the heading “Where should we send your bitcoin?”, a wallet address in the address field with the QR scanner beside it, the ticked wallet confirmation box and the Buy button.

Step 4

Verify your identity.

Australian law requires identity verification. When your account needs it, verification opens after you press Buy, and your order opens when it is done. The bank details for your transfer appear on the order once you are verified.

The first verification screen: the heading “Let's get you verified” and the Verify Now button.

Step 5

Send the bank transfer.

The order page reads “Send exactly $… AUD to:” above the account name, BSB, account number and an optional description. Each detail copies when you press it, ready to paste into your banking app. Send that exact amount from an account in your name. The bitcoin amount is confirmed when your payment arrives.

The order page for an example order of $1,000: the heading “Send exactly $1,000 AUD to:” above the account name, BSB, account number and optional description, each with a copy button, then the order summary, “Waiting on your payment”, “Send from an account in your name” and “Final amount confirmed at payment.”

Step 6

Your order confirms.

The order page updates by itself. When your payment lands, it reads “Payment received”, and paybtc emails you a confirmation. A first order can pause here for a standard fraud-prevention check. paybtc contacts you to confirm it, usually within 48 hours, Monday to Friday.

The order page once the payment lands: the heading “Payment received”, the line “We're sending your bitcoin” and the order summary with the destination address.

Step 7

The bitcoin lands in your wallet.

paybtc sends it to the address you gave, and the order page reads “Purchase complete”. You hold the keys, so it is yours to keep.

The finished order: “Purchase complete”, “Thanks for choosing paybtc”, a tick, the order summary and the Buy Again button.

The facts

New account	Starts at $5,000 a day; the form reads “New users start with a $5,000 limit.”
Order size	Up to $1,500,000 per order for a returning customer; the form reads “Maximum $1,500,000.”
Daily limit	Set on each account; the form checks each order against what remains today and offers “Request limit increase”
Minimum	A live setting, shown under the amount as “Minimum $…” when you go below it
Instant transfer	Clears around the clock; the bitcoin is sent the moment your payment arrives
Regular bank transfer	Can take up to one business day
First order	A standard fraud-prevention check: paybtc contacts you to confirm it, usually within 48 hours, Monday to Friday; after that, future orders clear instantly, around the clock
Amount of bitcoin	Confirmed when your payment arrives
Paying account	An account in your name
Identity verification	Required by Australian law; the bank details on your order appear once you are verified
Wallet confirmation	One box, ticked once for each new receiving address, under the AUSTRAC Travel Rule

Ready when you are.

Buy bitcoin

Questions answered.

How do I buy bitcoin in Australia with a bank transfer?

Log in to paybtc with your email, enter the amount and your wallet address, and confirm the wallet is yours. Verify your identity, then send a bank transfer to the details on your order. paybtc sends the bitcoin straight to your wallet once your payment arrives.

Can I buy crypto with my bank account?

You can buy bitcoin with your bank account on paybtc, Australia's self-custody bitcoin exchange. You pay by bank transfer from an account in your name, and the bitcoin lands in a wallet you control. paybtc is AUSTRAC registered and has traded since March 2019.

Can I buy bitcoin instantly in Australia?

Yes, after your first order, which paybtc confirms with you as a standard fraud-prevention check. From then on, instant transfers clear around the clock, and the bitcoin is sent the moment your payment arrives. A regular bank transfer can take up to one business day.

Can I buy bitcoin and send it straight to my own wallet?

Yes. Enter your wallet's address, tick the box that confirms the wallet is yours, and paybtc sends the bitcoin straight there. paybtc asks for that confirmation under the AUSTRAC Travel Rule, once for each new address.

How much bitcoin can I buy with a bank transfer?

A new account starts at $5,000 a day. A returning customer can order up to $1,500,000 at a time, within the account's daily limit. You can request a higher limit, and how to buy a large amount of bitcoin covers bigger buys.