How to buy bitcoin with a bank transfer in Australia
Bank transfer is the simplest way to buy bitcoin in Australia. All you need is a bank account, a bitcoin wallet, and paybtc.
Here's how the whole process works, step by step.
How it works
paybtc is self-custody. When you buy, bitcoin goes straight to a wallet you control. We never hold it.
We've been doing it this way since March 2019.
Visit paybtc
Head to paybtc.com.au
Go to paybtc.com.au and you'll see the buy form right on the homepage.
Fill in the details
Enter your email address, your bitcoin wallet address, and how much you want to buy. Then hit Buy.
Not sure where to find your wallet address? Open your bitcoin wallet, tap Receive, and copy the address. Paste it into the form on paybtc.
Need a bitcoin wallet first?
Check out our beginner's guide to investing in bitcoin in Australia for wallet setup and getting started.
Enter your login code
paybtc sends a login code to the email address you just entered. No passwords to remember. Just check your inbox.
Type or paste the code into the login box.
Not seeing it? Have a look in your junk or spam folder.
Verify your identity
Quick ID check. This is a legal requirement for all AUSTRAC-registered platforms in Australia, and it only takes a minute.
Once verified, you'll see a BSB and account number for your order. This is where you'll send the AUD from your bank.
Transfer AUD and receive your bitcoin
Send the payment
Open your banking app and transfer the AUD amount to the BSB and account number shown. There's a copy button next to the details so you don't have to type them out.
paybtc settles over the New Payments Platform — the same instant rail your bank already uses. The second the funds land, bitcoin is on its way to your wallet.
After your first transaction, future buys settle instantly, any time of day.
That's it
Four steps, no custodial risk, no platform balance. Bitcoin from your bank, straight to your wallet. We've been doing it this way since March 2019.
FAQs
Can I buy bitcoin directly from my bank account?
Yes. On paybtc, you transfer AUD from your bank account to a BSB and account number, and bitcoin goes straight to your wallet. No middleman holding your coins.
How do I buy bitcoin with a bank transfer in Australia?
Enter your email, wallet address, and the amount on paybtc. Verify your identity, then transfer AUD from your banking app to the BSB and account number provided. Bitcoin arrives in your wallet once the payment clears.
Can I sell bitcoin back to my bank account?
Yes. paybtc lets you sell bitcoin and receive AUD directly into your Australian bank account. The process works in reverse — you send bitcoin, and AUD lands in your account.
Can I buy bitcoin with cash in Australia?
Yes — through peer-to-peer meetups or a bitcoin ATM. Both will cost you more in fees and carry more risk than a regulated bank transfer, particularly past a few hundred dollars.
What is the safest way to buy bitcoin in Australia?
Use a self-custody platform. Most exchanges hold your bitcoin for you, which means if they get hacked or go under, your coins go with them. paybtc sends bitcoin directly to your own wallet. Your keys, your bitcoin.
What is the best app to buy bitcoin in Australia?
paybtc is Australia's only self-custody bitcoin platform. You buy through the web app, and bitcoin goes straight to your personal wallet. No app store download needed — it works in your browser.