Question 1

Is buying Ethereum legal?

Accepted Answer

Yes, buying Ethereum through an AUSTRAC registered crypto exchange like Swyftx or Coinspot is completely legal.

Question 2

How do I buy Ethereum instantly?

Accepted Answer

If you're looking to buy Ethereum instantly without having to first deposit funds, you can do some on Coinspot. Coinspot allows you to buy crypto instantly with a credit or debit card.

Question 3

How to buy Ethereum with debit card?

Accepted Answer

Yes, most exchanges have a debit card deposit option, allowing you to transfer money from your debit card to you exchange account to buy ETH. Some trading platforms, like Coinspot and Binance allow you to buy crypto directly credit or debit card without having to deposit funds first

Question 4

Can I buy Ethereum with PayPal?

Accepted Answer

Many of the major crypto exchanges available to Australians do not offer PayPal as a payment or deposit option. eToro is trading platform that does allow you to buy Ethereum with PayPal.

Question 5

How is the price of ETH determined?

Accepted Answer

The price of Ethereum is determined by supply and demand. Factors that can affect this include adoption, market sentiment, regulation, and technology. News and rumours can also influence the price. However, the cryptocurrency market is volatile, so investors should exercise caution and research before investing.

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