Buying Bitcoin in Another Country? (first time buyer)

Bitcoin Questions and AnswersCategory: General questionsBuying Bitcoin in Another Country? (first time buyer)

Gary asked 8 months ago

Hi, I live in NZ but have some funds in Australia ($AUD) and am considering buying Bitcoin in Australia $’s because the market is bigger and there seems  to be more buying and, longer term; selling options. Is this allowable /possible, or must I buy only in my country of actual residence?
Many Thanks
PS: Greatly benefited from the excellent training videos, Cheers Nate

1 Answers
Steven Hay answered 8 months ago

Hi Gary,
 
I honestly couldn’t say, as exchanges have different policies about this sort of thing. Many require you to be resident in certain countries and so on. You can try signing up with Australian exchanges and seeing if they allow for AUD deposits from people outside of Australia.
 
Otherwise, I’d suggest using a Peer-to-Peer exchange like LocalBitcoins.com. As you’re dealing with individuals there, they’re likely to be far more flexible – so long as they get AUD into their account, they’re not obligated to do the same sort of AML / KYC stuff as big regulated exchanges.

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