How To Buy Ethereum (ETH) In Australia

Best Exchange For

swyftx logo

Best Exchange For

coinspot

Best Exchange For

coinjar exchange

We have written an easy to follow guide that explains how to buy Ethereum in Australia and answer frequently asked questions such as:

  • Where can I buy Ethereum in Australia?
  • What is the best crypto exchange in Australia to invest in Ethereum?
  • Which Australian crypto exchange is safe?
  • Is Swyftx the best Ethereum exchange in Australia?

We have conducted extensive research and assessed the important factors when looking for an Australian Ethereum exchange such as trading fees, deposit limits, payment methods, safety & security and customer support. 

How To Buy Ethereum In Australia: Guide

To buy Ethereum in Australia, follow these steps:

  1. Register for an account with an Australian cryptocurrency exchange such as Swyftx
  2. Complete the signup registration process and verify email
  3. Go to the left menu and Click 'Deposit AUD'
  4. Select your preferred payment method and confirm
  5. Go to the “Trade” menu and select ETH to AUD 
  6. Enter the amount of Ethereum you want to buy
  7. Confirm the transaction details and confirm your purchase

Where To Buy Ethereum (ETH) In Australia

Here is our consolidated list of the best Ethereum exchanges in Australia (with our commentary):

  1. Swyftx (low fees and beginner friendly)
  2. Independent Reserve (popular exchange with variety of deposit methods)
  3. CoinSpot (reputable and exchange that has been established for many years)
  4. Coinjar (only Australian exchange with a mobile app to buy and sell cryptocurrency)
  5. Binance (worlds largest cryptocurrency exchange by daily trading volume)

Exchange

Deposit Method

Fees

Our Review

Rating

Website

swyftx

PayID

POLi

BPAY

0.6% (low spreads)

5 / 5

independent reserve

Bank Transfer (EFT)

PayID

POLi

Swift

0.5% (volume based)

4.5 / 5

coinjar exchange

PayID

BPAY

Cash Deposit

0.1% - 1%

4.3 / 5

coinspot

PayID

POLi

BPAY

Cash Deposit

0.1% - 1%

4.3 / 5

binance

Bank Transfer (EFT)

Credit card / Debit card

2.5%

4.1 / 5

Best Ethereum Exchanges In Australia: Reviews

Our review and assessment of the popular Ethereum exchanges in Australia is based on important factors such as ease of use, reputation, charting features, trading fees, deposit methods, security and customer support. 

Swyftx

Swyftx is a feature-rich cryptocurrency exchange in Australia that allows users to buy, trade and sell Ethereum with AUD. The platform is well known for its competitive trading fees and low spreads. Combined with rapid account verification in less than 2 minutes without taking selfies and uploading identification documents, Swyftx is one of the fastest ways to buy Ethereum in Australia. 

swyftx

Features:

  • 100+ crypto coins to buy, trade and sell
  • Rapid verification takes less than 2mins (without document upload)
  • Low trading fees and spreads to maximize amount of crypto
  • High liquidity to obtain best market rates
  • Automatic recurring purchases to dollar cost average
  • Customer support available 24/7

Ease of use

Reputation

Deposit methods

Fees

Independent Reserve

Independent Reserve is a popular exchange that offers Australians to buy Ethereum with trading competitive fees using fiat currencies such as the Australian Dollar, New Zealand Dollar and US Dollar. Well known for supporting multiple deposit methods using EFT, POLi, PayID and SWIFT, Independent Reserve is one of the best places to buy Ethereum in Australia. 

independent reserve

Features:

  • Reputable and trusted Australian cryptocurrency exchange
  • Tier based fee structure that decreases with volume traded
  • Funds are backed by insurance company
  • Wide range of deposit methods 
  • Automatic recurring purchases to dollar cost average
  • Customer support available 24/7

Ease of use

Reputation

Deposit methods

Fees

CoinJar

CoinJar is one of the oldest digital currency exchange in Australia that provides a intuitive platform to buy Ethereum in Australia. CoinJar allows users to buy, trade and sell Ethereum using its CoinJar app which is available on Android and iOS devices. With over 400,000 users, CoinJar Australia is a trusted and safe platform to invest in ETH. 

coinjar

Features:

  • Easy to use, simple and innovative cryptocurrency products
  • Trusted and regulated Ethereum exchange in Australia 
  • Reliable and safe crypto trading app
  • Mobile trading app to buy and sell crpytocurrencies
  • Buy crypto with bank Transfer, debit card, Swipe, BPAY and cash
  • Customer support available 24/7

Ease of use

Reputation

Deposit methods

Fees

Coinspot

CoinSpot is a reputable Ethereum exchange in Australia that was founded in 2013. It is a registered cryptocurrency exchange that is popular within the Australian community with thousands of users across the country. Coinspot is suited to beginners that are looking to buy Ethereum or investors looking to invest using their Super Fund and features a secure Coinspot wallet to store ETH. 

coinspot

Features:

  • Simple and easy to use exchange to buy Ethereum in Australia
  • Over 200 cryptocurrency coins to buy, trade and sell 
  • OTC and support for Australian Super Fund investors
  • Only exchange in Australia to meet ISO security standards
  • Deposit using POLi, PayID, BPAY and cash at local newsagency 
  • Customer support available 24/7

Ease of use

Reputation

Deposit methods

Fees

Best Ways To Buy Ethereum In Australia

There are several ways to invest in Ethereum that depends on your payment method. If you prefer to use a regulated cryptocurrency exchange (which we recommend), then you should know that each digital currency provider can support different deposit methods. 

Therefore, it's best that you decide to register with an exchange that supports your preferred payment method to buy Ethereum. Use our guide below to see which common deposit methods are supported by our top rated Australian crypto exchanges.  

Buy Ethereum Using Bank Transfer (ETF)

You can purchase Ethereum using bank transfer (EFT) using a regulated cryptocurrency exchange in Australia. Bank transfers usually credit within the same business day depending on the bank. Most Australians will be familiar using an EFT transaction using their online bank account.

To complete a bank transfer, you need to obtain the BSB and Account Number of the exchange's bank account. This is not different from making a payment to anybody. You should note that bank transfer can take a bit longer to clear compared to other deposit method and it is easy to make an error. 

The following Australian crypto exchanges allow you to buy Ethereum with a bank transfer: 

Buy Ethereum Using PayID / NPP

Using PayID is an easy method to buy Ethereum in Australian that is supported by most of the larger Australian banks. This is a near instant payment method, so it will suit investors that wish to make an immediate Ethereum purchase.

AUD deposits will be credited to your account within minutes of being transferred from your bank account. All you need is the cryptocurrency exchange's PayID email address to make a deposit.

The following Australian crypto exchanges allow you to buy Ethereum with PayID:

Buy Ethereum Using POLi

POLi is an instant deposit method that is available on several cryptocurrency exchanges in Australia to purchase Ethereum. The deposit method allows you to complete the transaction from the exchange through an interface to your supported bank account. 

It works in the same way that you would normally visit your online bank website to make a payment. POLi payments are incredibly simple and only takes a few minutes to complete and the funds are transferred direct to the exchange.

The following Australian cryptocurrency support POLi payments to purchase Ethereum: 

Buy Ethereum Using BPAY

There are a handful of Australian cryptocurrency exchanges that allow you to buy Ethereum with BPAY that include:

While this payment method is commonly used to pay bills in Australia, BPAY payments can take between 1 and 2 business days to clear.  So if you want to deposit funds quickly to buy Ethereum, BPAY may not be the best option and you should consider using PayID or POLi which are near instant.

Buy Ethereum Using Cash Deposit

You can buy Ethereum with a cash deposit in Australia using a regulated cryptocurrency exchange. You will still need to provide identification to comply with regulations in Australia even if you pay with cash. 

To buy Ethereum with cash, you will need to complete the transaction at a supported newsagency across the country. This method does incur higher fees between 1.5% and 2.5%.  

The following Australian cryptocurrency exchanges allow you to buy Ethereum with a cash deposit:

Buy Ethereum Using Credit Card / Debit Card

Generally, Australian banks do not permit the use of credit card to invest in Etheruem. Therefore, you will find that most crypto exchanges in Australia do not have the option to deposit funds with a credit card.  

Depending on which bank you're with, it can still be possible to buy Ethereum with a debit card. You should check with your financial institute or card issuer to find out if you can buy crypto with a debit card.

Otherwise, Australians can also buy Ethereum with a debit card using the following global exchanges: 

Step-By-Step Guide To Buying Ethereum 

Before you should buy any Ethereum, it is recommended that you set up a hardware wallet to safely store your Ether. While Crypto exchanges have online wallets, it's highly recommended that you store it on a device that you hold in your possession.  

Step 1 - Register Account

To create a new account with Swyftx, click the "Sign Up" button below. This will take you directly to the Swyftx registration page where you will be required to fill in your email, set a password, enter your name and phone number.

Click "agree" to the terms and conditions and hit "Create My Account".

swyftx register

Step 2 - Verify Account and Activate 2FA

The verification process for Swyftx is incredibly simple and can be completed in 2 minutes.  

To start the verification process, navigate to the side bar on the left and click "Profile" then under your name go to "Verification". This will bring up an online form where you will only be required to provide general information.

swyftx verification

Once you completed all of the verification steps, you will want to activate the two-factor authentication on your account. This is essentially another security layer to keep your funds safe and secure.

To get started, go to the "About" page and click "Setup MFA". Follow the prompts to install the Google Authenticator App on your smart device and enter the token that appears once you have scanned the QR code.

swyftx 2fa

Step 3 - Deposit AUD

The next step is to click the "Deposit AUD" link on the left side bar. Here you will be able to choose the amount of Australian Dollars that you wish to deposit.

Once you are on the deposit page, you can fund your Swyftx account with Australian Dollars (AUD) using either PayID (instant) or BPAY (within same business day).  

swyftx deposit AUD

Step 4 - Buy Ethereum

Now that your account is verified and you've deposited AUD (or BTC), you can start buying and selling cryptocurrency.


To get started, click "Trade" on the left side bar. This will bring up the "Assets" list where you can search and select any cryptocurrency. Swyftx has over 70+ crypto assets to trade and growing.

etherium

Select Ethereum that you wish to buy, sell or trade and it will display the current price of 1 ETH in AUD. You can also click on 'Chart' to see the Ethereum to AUD chart. 

Now select how much AUD you want to spend on the coin and click "Instant Buy".

The Ethereum amount will be purchased, show in your trade history and stored in the Swyftx wallet. That's it! You have now purchased Ethereum with AUD using Swyftx.

How To Trade Ethereum In Australia

To trade Ethereum in Australia, follow these simple steps:

  1. Register an account with a cryptocurrency trading exchange such as Binance
  2. Complete the signup registration process and verify your email  
  3. Go to the navigation menu and Click 'Wallet'
  4. Select 'Ethereum' or another cryptocurrency and click on 'Deposit' 
  5. Transfer funds to the exchange from your hardware wallet
  6. Go to the “Trade” menu and select another crypto to trade against
  7. Enter the amount of crypto you want to buy or sell against Ethereum
  8. Confirm the order details and confirm the trade
binance charts

Frequently Asked Questions

Who Created Ethereum?

Ethereum was created by Vitalik Buterin who saw the potential uses of Bitcoin’s underlying blockchain technology as the next steps in furthering the expansion of the blockchain community.

Vitalik used the technology behind Bitcoin and substantially expanded its capabilities to enable users to create decentralized applications on Ethereum’s blockchain. Ether is the cryptocurrency that is used to fuel the network to pay for code execution on the network by developers. 

What Is Ethereum?

Ethereum is an open source, public, blockchain-based, distributed and a decentralized platform. It is fully autonomous and is not controlled by a central authority or an individual without a central point of failure.

Similar to Bitcoin, it is run from thousands of computers around the globe which means it can never go offline.

Ethereum is now the second largest cryptocurrency on the market behind Bitcoin in terms of market cap and also popularity. It is a popular investment choice as it has been tipped to surpass the value of Bitcoin in the future.

Who Can Use Ethereum?

Etherium provides developers around the globe with the tools to create and deploy decentralized applications (also known as "dapps"). These are basically are applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

This functionality allow endless possibilities to be created using the Ethereum platform all without the need of a middle man. This opens the door to a global financial system where an Internet connection is all you need to access applications, products and services.

Standard day-to-day activities that we perform using the current system through intermediaries could all be performed using smart contracts on the Ethereum platform such as paying for rent, buying groceries, sending money to a friend and paying bills.

Where To Buy Ethereum In Australia?

The best place to buy Ethereum in Australia is Swyftx. The platform aggregates the best ETH prices from the top global cryptocurrency exchanges across the world to offer you the best spot prices. Combined with low trading fees and no hidden charges, it is our #1 rated crypto exchange in Australia.

How To Sell Ethereum In Australia?

If you want to sell your ETH tokens, the best way is to trade them on an Australian crypto exchange to convert back to AUD. The process to sell Ethereum is similar to buying as described above. Instead of selecting 'buy' in the order window, choose 'sell' and enter in the amount of Ether.

Conclusion

If you're looking for the best exchange to buy and sell Ethereum in Australia, we hope this guide was useful.  

With any financial investment, make sure to do your own research and due diligence on the Ethereum provider before depositing any funds. And if you don't have a hardware wallet, we suggest that you read our review on the best crypto hardware wallets so you can keep your Ethereum investment safe.

If you found this article useful, feel free to share it with your social network.

Few more related articles to read:

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Kevin
Kevin is the founder of hedgewithcrypto and is passionate about blockchain technology. He has been involved with Bitcoin since 2016 after discovering it's potential as an alternative to fiat currency. He is also a trader with over 8 years of experience and is now trading crypto using various platforms. Now, he is focussed on helping others learn about cryptocurrencies via hedgewithcrypto.

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