Bitcoin ATMs have become increasingly common across Australia, with their numbers growing steadily over the years. These machines offer a convenient way for Australians to buy and sell Bitcoin using cash—ideal for those unfamiliar with cryptocurrency exchanges. However, many people remain confused about how Bitcoin ATMs work, where to find them, and what fees to expect.
This guide covers everything you need to know about Bitcoin ATMs in Australia, including:
- What a Bitcoin ATM is
- How to buy and sell Bitcoin using one
- Where to find Bitcoin ATMs in major cities
- Fees and transaction limits
- Alternatives for purchasing Bitcoin online
What Is a Bitcoin ATM?
Bitcoin ATMs function similarly to traditional ATMs but are specifically designed for cryptocurrency transactions. Most machines in Australia allow both buying and selling Bitcoin, converting fiat currency (AUD) into BTC and vice versa.
👉 Find the nearest Bitcoin ATM in Australia
Key features of Bitcoin ATMs:
- User-friendly interface – Designed for simplicity.
- Cash-based transactions – No bank transfer required.
- Higher fees (~5–10%) compared to exchanges.
- KYC verification – Identity confirmation is mandatory.
How to Buy Bitcoin at a Bitcoin ATM (Step-by-Step)
Buying Bitcoin via a Bitcoin ATM is straightforward:
Complete KYC Verification
- Provide a government-issued ID (driver’s license, passport).
- Some machines require biometric verification (fingerprint scan).
Enter Your Bitcoin Wallet Address
- Scan your wallet’s QR code or manually enter the address.
Insert Cash
- Deposit the exact amount (minimum ~$5 AUD).
Confirm & Receive Bitcoin
- Verify the transaction details.
- BTC is sent to your wallet within minutes.
⚠️ Note: Bitcoin ATMs charge higher premiums than exchanges (~5% above market price).
How to Sell Bitcoin & Withdraw Cash
Selling Bitcoin for cash is just as simple:
- Select "Withdraw Cash" on the ATM.
- Enter the amount you wish to sell.
- Send Bitcoin to the provided QR address.
- Wait ~30 minutes for blockchain confirmation.
- Collect cash from the machine.
Limits & Fees:
- Max withdrawal: ~$3,500 AUD per transaction.
- Fees: 5–10% per transaction.
Where to Find Bitcoin ATMs in Australia?
Bitcoin ATMs are spread across major cities. Below are some key locations:
Brisbane
| Location | Type | Hours |
|----------|------|-------|
| Phoenix Rising Cafe | Buy-only | 10AM–6PM (Daily) |
| Air Mobiles | Buy-only | Weekdays 9AM–5:30PM |
Sydney
| Location | Type | Hours |
|----------|------|-------|
| Haymarket City Convenience | Buy-only | 24/7 |
| Lucky 7 Crystal Minimart | Buy/Sell | 6AM–12AM |
Melbourne
| Location | Type | Hours |
|----------|------|-------|
| Gorilla Direct | Buy/Sell | Mon–Fri 10AM–5PM |
| The Mainchain | Buy-only | 24/7 |
👉 Check real-time Bitcoin ATM availability
FAQs About Bitcoin ATMs
1. Are Bitcoin ATMs anonymous?
No—Australian Bitcoin ATMs require KYC verification under FinCEN regulations.
2. What’s the minimum purchase?
Typically $5 AUD, but varies by machine.
3. Can I buy other cryptocurrencies?
Most ATMs only support Bitcoin.
4. Are fees negotiable?
No—fees are fixed per transaction.
Alternative: Buy Bitcoin Online (Cheaper & Faster)
For lower fees and instant transactions, consider crypto exchanges like:
- Easy Crypto – Supports 20+ cryptocurrencies.
- Bank/POLi payments – Avoid ATM fees.
👉 Compare top crypto exchanges in Australia
Final Thoughts
Bitcoin ATMs offer a quick way to buy/sell BTC using cash—ideal for beginners. However, their high fees make exchanges a better option for frequent traders.
Need help? Feel free to reach out to a trusted exchange for guidance!