How to buy a large amount of bitcoin in Australia
Order on paybtc, verify your identity and pay by bank transfer. New users start with a $5,000 limit. Returning customers can buy up to $1,500,000 per order, within a daily limit you can ask to raise. The bitcoin lands in a wallet you control.
How to buy a large amount of bitcoin, step by step
Log in with your email.
On paybtc.com.au/buy, type your email and press Get Started. paybtc emails you a login code, and you enter it on the next screen. If it takes a while, check your spam folder.
Enter the amount.
Type the amount in dollars and press Next. New users start with a $5,000 limit. Returning customers can enter up to $1,500,000 in one order, within the daily limit on their account. Enter more than remains today, press Next, and the form shows your daily buy limit and what remains. Below them sits a Request limit increase link.
Paste your bitcoin address and confirm the wallet is yours.
In your wallet, find Receive bitcoin and copy the address. Paste it into “Your bitcoin address”, or scan the wallet's QR code. For a new address, tick the box beside this sentence: “I confirm the receiving wallet belongs to me and that no third party is involved in this payment.” paybtc asks for it under the AUSTRAC Travel Rule. Then press Buy. Returning customers see the address and the amount on one screen, and press Next.
Verify your identity.
When your account needs it, the site takes you to identity verification once the order is placed. Australian regulations require it at every digital currency exchange. Once verified, your order page opens with the bank details for your order.
Send exactly the amount shown, from an account in your name.
The order page reads “Send exactly $… AUD to:” above the account name, BSB and account number. Tap each one to copy it, then paste it into your banking app. Send the exact amount from an account in your name. The page reads “Waiting on your payment” until it arrives.
Watch the order confirm.
The moment your payment arrives, paybtc emails you a confirmation. The page reads “Payment received”, and the bitcoin goes to the exact address you gave. The page then reads “Purchase complete”.
The facts
| New users | A $5,000 limit to start, $5,000 a day |
|---|---|
| One order, returning customers | Up to $1,500,000; above it the form reads “Maximum $1,500,000.” |
| Daily limit | Set for each account; an order over what remains today brings up “Your daily buy limit” and “Remaining today” on the form |
| A higher limit | The form's Request limit increase link, or a request to support; a payment that lands over the daily limit waits on the order page, which asks you to contact support to request a limit increase |
| Instant transfer | Clears instantly, around the clock; the bitcoin goes to your address the moment the funds arrive |
| Regular bank transfer | Up to one business day to clear |
| A transfer slow to arrive | Ask your bank whether it is holding the payment, or send from a different bank |
| Part of the amount arrives | The order page shows the rest to send, to the same bank details |
| First order | A standard fraud-prevention check, in the order page's words: paybtc contacts you to confirm it, usually within 48 hours, Monday to Friday. Then future transactions clear instantly, around the clock |
| Identity verification | Required by Australian regulations at every digital currency exchange; the order page shows its bank details once verification is complete |
| Wallet confirmation | Once for each new receiving address, under the AUSTRAC Travel Rule; an address you have confirmed before skips the box |
| Who you buy from | Australia's self-custody bitcoin exchange: Australian owned and run, AUSTRAC registered, since 2019 |
Ready when you are.
Buy bitcoinQuestions answered.
How do I buy a large amount of bitcoin in Australia?
Order on paybtc, verify your identity, then send the exact amount to the bank details on your order. The bitcoin goes straight to the address you gave, in a wallet you control.
Is there a limit on buying large amounts of bitcoin?
Yes. New users start with a $5,000 limit. Returning customers can buy up to $1,500,000 in one order, within the daily limit on their account.
How do I raise my daily limit?
Enter more than remains today, press Next, and the buy form shows a Request limit increase link. Support takes limit requests too, through the help page, and replies within two business days, Monday to Friday.
How long does buying a large amount of bitcoin take?
An instant transfer clears around the clock, and the bitcoin is sent the moment it arrives. A regular bank transfer can take up to one business day. A first order can be held for a standard fraud-prevention check, and paybtc contacts you usually within 48 hours, Monday to Friday.
Where should I keep a large amount of bitcoin?
In a wallet you control, where you hold the keys. For a large amount, a hardware wallet keeps the keys offline, on a small device. Every send needs the device in your hand.