What is Bitcoin

Bitcoin or BTC is the world‘s first and largest cryptocurrency. Launched in 2009, its creator Satoshi Nakamoto established Bitcoin as a “peer-to-peer digital cash system.” This means payments can be made between two individuals without using a third party such as a bank.

The cryptocurrency has revolutionised how we perceive digital money. Bitcoin’s value is based on scarcity as only 21 million tokens will ever be created. This means it is also considered a deflationary asset.

The first documented item purchased with BTC was pizza! In 2010, 10,000 BTC was exchanged for two large pizzas from Papa Johns. At today's BTC prices, this purchase is worth over AU$132 million.

Buy Bitcoin in 3 easy steps

Sign up to BTC Markets1

Sign up to BTC Markets

Once your profile is complete, we verify your ID. You can then send or receive BTC or AUD.

Add funds to your account2

Add funds to your account

Visit Account and navigate to Deposit page to make your first deposit via BPAY or Osko.

Buy Bitcoin3

Buy Bitcoin

Visit the Buy/Sell page to buy Bitcoin today.

Why BTC Markets

Take control of your future with superior technology and security

Security

Security

Independently verified best practices and encrypted, off-site cold wallet storage.

Support

Support

Expert support team of friendly professionals, based in Australia.

Liquidity

Liquidity

Unrivalled liquidity and market depth across 18{' '} markets.

Read more about us in the news and our words from the team

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Sep 15th

How to add Bitcoin and cryptocurrencies to a self-managed super fund

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Sep 10th

Cryptocurrencies explained: What is Litecoin?

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Sep 1st

Cryptocurrencies explained: What is Ethereum?

Check out more of our stories here
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