Buy digital cryptocurrency

How to buy digital cryptocurrencies?

Buying crypto like Bitcoin, Ethereum and others, can be fast, safe, and easy. Coinloft is partnered with Independent Reserve.

As Australia’s most trusted crypto exchange, Independent Reserve has helped over 250,000 Australians purchase bitcoin securely and safely since 2013.

How to pay when buying digital cryptocurrency?

After creating an account on Independent Reserve, you can deposit funds to buy bitcoin using payID, or by Electronic Funds Transfer (EFT).

How long will it take for me to buy?

Most of the time you will be able to buy crypto within 5 minutes of getting started. Some accounts will need to be verified and this may take up to 1 day.

Please note, your first purchase may require approval depending on the bank you have selected to make your payment. This approval will occur between 9am and 9pm and is done by your bank and outside of our control.

What is verification?

All customers buying cryptocurrency in Australia will need to complete a once-off verification with their cryptocurrency provider following new regulations implemented from April 1, 2018. This regulation aims to stop terrorism financing and money laundering. The information that is shared with our verification provider is only used for verification purposes.

Your information

The information stored securely and encrypted and is only used for verification purposes.

To be verified you will need to provide an ID document (Passport, drivers licence or medicare), and a residential address.

How to be verified

  • After creating an account on Independent Reserve, you will be taken to the identity verification page to fill out your verification details.
  • You will also need to upload or take a photo of your ID document.
  • After you have reviewed your details and supplied your ID document it should normally take seconds to verify your details, but may take up to 1 day.

The personal details you share with Independent Reserve are only user for verification purposes.

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