Buy Bitcoin in Australia for the Best Price

4 stars based on 47 reviews

CoinLoft's homepage gave me three options for my purchase, cash, POLi or the unique Flexpin voucher option. Flexpin turned out to be a simple and effective option. I used the map provided by CoinLoft to find a location nearby, a local newsagents. I headed back to CoinLoft later that day to swap my voucher for some bitcoin. The experience was straightforward although I had to supply my own bitcoin wallet, not an issue for me but certainly an obstacle many other services have overcome by providing one for you.

Up until now I had avoided the identity verification process most services have poli payments bitcoin wallet, and it turned out CoinLoft was no different, before I could confirm my order I had to upload poli payments bitcoin wallet documents via Green Id. Once Poli payments bitcoin wallet had completed my process the bitcoin arrived in the wallet in around 30 minutes without issue.

CoinLoft have done a great job poli payments bitcoin wallet keeping the buying process as fast as possible by placing all the options right on the home page, with no need to create an account or remember any passwords. Although the minimum order limits of cash and POLi payments are unsuitable for a small purchase and introduction to bitcoin, the Flexpin method impressed me in its simplicity.

I liked that there was no time limit on my purchase and I could use the voucher at my leisure. Flexpin vouchers also appear to have good outlet coverage but if you were hoping to buy a small amount of bitcoin without leaving the house you may need to look at another service. The SMS notification is a nice feature, providing an alert once your purchase is complete. The direction provided in making my purchase was adequate and I felt confident through each step.

For a beginner CoinLoft do a decent job in guiding users, but assume that you already posses a certain level of knowledge and you have your own bitcoin address to send any poli payments bitcoin wallet to.

There is no clear tutorial on creating a wallet or advice on where to start which I found disappointing. By requiring users to provide their own wallet address Poli payments bitcoin wallet avoid the need for many of the security measures offered by more elaborate services.

This does leave security responsibilities up to the individual users which comes with its own set of problems, especially in regards to beginner bitcoin users. CoinLoft proudly proclaim there association with the Australian Digital Currency Commerce Association ADCCA as an industry member, which certainly provides a level of assurance, along with their background as a software company.

I found it difficult to find any reference to specific team members or executives however. In regards to activity and social media, they appear to have a useful blog and updated twitter account. The support procedure is very much on the basic side, with a simple contact sheet although I did receive a prompt and accurate reply to my request.

CoinLoft as a service is another bare bones approach to the bitcoin buying process, although they do offer a unique and effective method of purchase in Flexpin vouchers. For simply buying bitcoin the poli payments bitcoin wallet is useful but it lacks the additional services many other providers offer such as providing a bitcoin wallet or the set up of regular purchases. I would conclude they are specifically useful for new users that can visit a local Flexpin outlet.

The limits imposed on both cash and POLi payments are significantly higher than other Australian services without the additional advantages others can provide users. Visit exchange Compare features More reviews. First bitcoin purchase experience.

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Transferring funds to your CoinJar in Australia. BPAY transfers are made digitally from either your bank account or directly within the CoinJar interface, whereas Blueshyft allows you to deposit cash directly into your CoinJar from a physical location. Linking your bank account to your CoinJar is not required in order to make a new deposit. The bank account you transfer funds from must be under your own name - not a third party.

BPAY transfers are not instantaneous. Transferring funds to your CoinJar with Blueshyft. Blueshyft allows you to deposit physical cash into your CoinJar from a selection of locations across Australia. These cash deposits do require a Blueshyft payment processing fee of 1. United Kingdom and Eurozone bank transfers have been supported previously, however have been disabled while CoinJar transitions to an alternative payment provider.

If you're using a desktop browser, you'll be given the option to make a 'Quick Deposit' at the top of your CoinJar. On mobile browsers, select the dropdown menu attached to your profile image at the top of your screen and choose 'Add funds' for your BPAY details. The biller name will be displayed as "Payment Technologies". Only make BPAY transfers from a transaction account in your own name and from a regular transaction account.

This fee remains even if the payment is reversed. When making a transfer, please ensure the amount remains within your daily deposit limit to avoid additional delays. Select the Blueshyft tab and enter the amount you wish to transfer into your CoinJar. You can check your current daily Blueshyft limit in your CoinJar Settings. You'll then be provided with a unique QR code - sent to your email address. They will be able to assist with completing your deposit. Your cash deposit minus the Blueshyft payment processing fee of 1.

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