What is Bitcoin?
Bitcoin (BTC) is the original and most popular digital currency. It's peer-to-peer online cash, created by an anonymous developer known as Satoshi Nakamoto. Bitcoin will only ever have a supply of 21 million coins, meaning that by buying bitcoin, you're investing in 'digital gold'.
How do I buy Bitcoin?
Deposit funds into your account.
Enter the amount of Bitcoin (or Australian Dollar equivalent) that you would like to buy or sell.
Click ‘Buy' to confirm your Bitcoin purchase and your Bitcoin will arrive in your TimeX wallet within minutes.
Secure BTC Purchase
Users based in Australia can buy BTC from TimeX in just a few minutes. Simply open an account, complete verification, and deposit funds via bank transfer or a range of other options.
Bitcoin Price Chart
The reference rate shown below is indicative only. Actual buy/sell rates depend on market liquidity and fees at the time of quotation. This Bitcoin price chart tracks the price of Bitcoin against AUD over time.
AUD 870.63 (1.20%)
24 HOUR HIGH:
24 HOUR LOW:
0.000014 Bitcoin = 1 Australian Dollar (AUD)
|BTC [Bitcoin]||AUD [Australian Dollar]|
|0.01 Bitcoin||=||733.5349 Australian Dollar|
|0.1 Bitcoin||=||7335.3493 Australian Dollar|
|1 Bitcoin||=||73353.4932 Australian Dollar|
|2 Bitcoin||=||146706.9864 Australian Dollar|
|3 Bitcoin||=||220060.4797 Australian Dollar|
|5 Bitcoin||=||366767.4661 Australian Dollar|
|10 Bitcoin||=||733534.9322 Australian Dollar|
|20 Bitcoin||=||1467069.8644 Australian Dollar|
|50 Bitcoin||=||3667674.6610 Australian Dollar|
|100 Bitcoin||=||7335349.3219 Australian Dollar|
|1000 Bitcoin||=||73353493.2192 Australian Dollar|
Australian Bitcoin Exchange Pros and Cons
TimeX is the decentralised crypto exchange for the ChronoBank ecosystem: a completely secure, easy and convenient way to trade digital tokens and cryptocurrencies on a peer-to-peer basis.
Bitcoin is the most open financial system ever developed. Anyone can make global payments, 24/7.
Bitcoin is the first, most popular, and most secure cryptocurrency, giving it the reputation of being ‘digital gold’.
You can transfer any amount of money to anyone else for a small fee within just minutes, so bitcoin is typically both faster and cheaper than traditional banking services.
You can buy bitcoin and other major cryptocurrencies safely and easily on TimeX, a regulated Australian exchange.
Bitcoin is still considered experimental technology, and investors should not assume it will function perfectly.
Bitcoin transactions are immutable, meaning that once the money leaves your wallet, there is no way to get them back.
Transactions are irreversible, so payments made in error (or thefts) cannot be returned without the recipient agreeing.
Bitcoin is very volatile, with significant fluctuations in value over even short periods of time.