Creating a crypto account generally follows these steps for most Australian cryptocurrency exchanges:
- Choose an exchange: Select a reputable Australian exchange like BTC Markets.
- Sign up: Visit the exchange’s website and click on the sign-up or register button.
- Provide information: Enter your email address, create a password, read and agree to the terms and conditions.
- Verify your identity: To comply with Australian regulations, you will need to complete Anti-Money Laundering (AML) and Know Your Customer (KYC) checks. This involves providing personal information and documents such as your driver’s license or passport, proof of address (like a utility bill), and sometimes a selfie for identity verification.
- Account activated: Once your identity is verified, your account is automatically activated.
- Secure your account: We recommend setting up two-factor authentication (2FA) for added security.