Buying bitcoin in Australia -- Hello friends. I'm getting a lot of people asking me about buying bitcoin lately. But many of you are time poor and a bit worried about doing something wrong and losing money. I made this tutorial to help you get some Bitcoin and Ethereum for yourself.

Outline

• Part 1. Register on an exchange
• Part 2. Buying Bitcoin and Ethereum (Coming soon)
• Part 3. Hosting your own wallets (coming soon)

Part 1. Registering on an exchange

Required:

• At least 30 minutes
• An Id Document (Passport, Drivers Licence)
• A utility bill with your name and address

0. Overview

To buy bitcoin you can either

• buy from someone you know,
• buy from someone on https://localbitcoins.com/,
• find a bitcoin ATM,
• use an exchange.

This covers buying bitcoin from one exchange called, "the independent reserve". There are quite a few other exchanges but this one has a good rate, is big and also sells ethereum.

Positives:

• Good rate for bitcoin.
• A large established business.
• You can buy Ethereum in the same place
• You don't have to download bitcoin software right away

Negatives:

• You need to upload a photo of you holding your ID and a utility bill
  • This is inconvenient
  • Turnbul's goons will find out that you have bitcoin
  • There's a small possibility that your identity will be stolen

Go to https://www.independentreserve.com?invite=KUXBHN and register an account.

Use referal code KUXBHN to give a friend of mine a small commission.

If you're not taking jobs from random people on thegumtree, ignore this.

set AccountType and Account Purpose, Click on "provide your identity details" and enter them

Enter you email address

You will receive an email with your confirmation code, copy it into www.intependentreserve.com

This is optional but I recommend it as it will increase security

Google Authenticator is more secure than SMS but is also optional

Now it's time to hand over your DOX

Fill in all information and upload the two documents requested

A bill with your name and address

A photo of you holding a Government ID (Licence or passport)

Done! (for now)

It will take a day or two for them to check your ID and then you'll be able to buy bitcoin.

Coming Soon: Actually buying the bitcoin.