Buying Bitcoins at Australian Newsagents
with Rarlo Magazine
One of the easiest ways to buy Bitcoins in Australia is at your local newsagent.
Yes. You read that right. Apart from magazines, piles of newspapers and 15 year olds peaking through porno mags; newsagents now sell bitcoins. Well, they don’t actually sell them but you can exchange cash for bitcoins as long as it is a bitcoin enabled location.
Bitcoin Australia has partnered with Blueshyft to create the first Retail Payment Network of over 1200 locations around australia.
Do you need thousands of dollars to start ? Nope.
You can be a fully sick Bitcoin investor with only a cheeky pineapple.
“At this stage, $50 is the lowest viable amount but our dream is to encourage new users to get on board and promote the growth of the Bitcoin network.” (bitcoin.com.au)
However, there is a maximum daily limit of $9000. So if your trying to launder bulk cash, you will need some mates to help you out.
Bitcoin.com.au stated that they “are working with the Australian Digital Currency Commerce Association to help foster regulation for the industry in Australia.”
Keep in mind that there are fees associated with investing in bitcoin and there are also different exchange rates depending on how/where you buy from. Using bitcoin.com.au and a bitcoin enabled newsagent will cost 5% per transaction.
So here are the steps:
Step 1: Get a Wallet
Get a cryptocurrency wallet, such as Coinbase which is the world’s most popular bitcoin wallet. But there are a number of different wallets depending on how you want to store your cryptocurrency. Here are some mentioned on the Bitcoin website for; Mobile, PC and Cold storage.
Step 2: Order Online
Place an order online via bitcoin.com.au
Step 3: Enter Amount
Enter in the amount you wish to purchase (there is a $50 minimum)
Step 4: Enter Your Details
Enter your email and mobile number
Step 5: Wallet Address
Open up your cryptocurrency wallet and get your wallet address. You can either copy and paste it or using your webcam to scan the QR code.
Step 6: LOL
Read the terms and conditions……
Step 7: Place Order
Step 8: Text Code Confirmation
Enter the code sent to your mobile phone you entered
Step 9: Print Order
Print or screenshot the order confirmation page with your order summary code
Step 10: Find a Newsagent
Find your closest bitcoin enabled newsagent: bitcoin-locations
Step 11: Dollar Dollar Bills Yall
Hand over your forms for them to scan along with the cash amount for your order.
Step 12: Check Your Wallet
Check your cryptocurrecy wallet and see the amount of bitcoins you just purchased.
Step 13: Tell Everyone You Know.
Talk about bitcoins for the rest of the week/month/always and make sure you tell everyone at work and all of your friends. It is encouraged to change your instagram bio so it includes one of the following terms; “Bitcoin”, “Investor”, “Blockchain” or “Successful Entrepreneur”. People will respect you because you are fully tech-savvy.
Please note that there are other options to purchase bitcoin and there are a number of different cryptocurrencies. This is just explaining one of the options available. If you want to learn more than do your own research. We also have no affiliation with Bitcoin or Bitcoin.com.au and only chose this method to buy bitcoins because it is easy.
Keep on keepin on bitcoinreneurs.