Australia Makes Buying Bitcoin Easy
Earlier this month, Australian cryptocurrency exchange Bitcoin.com.au began selling bitcoin and ethereum at over 1,200 newsstands around the country. The company, which began operations 18 months ago and partnered with payments provider Blueshyft to provide the new service, bills itself as “one of the first independent Bitcoin exchange networks in Australia.”
The announcement comes at a time of increased mainstream recognition for cryptocurrency. Rupert Hackett, CEO of Bitcoin.com.au, touted the move as another example of increased institutional acceptance for bitcoin, marveling at “the fact that you can now buy bitcoin and ethereum from the same place you purchase soft drinks and stationary.”
Hackett sees the new sales model as a perfect fit for novice investors, simplifying a process that can seem intimidating and abstract to laypeople. With cryptocurrency being sold at newsstands across the continent, it moves from the cyber unknown into a familiar, comfortable environment. “When your product is totally digital it can be hard to gain trust from consumers because there’s no tangible product being handed over,” he told Australian financial publication 9Finance. “Using newsagents provides consumers with a convenient and trusted way for investors to buy cryptocurrency.” Selling ether holds further introductory potential for new investors, with its lower price point making for a “more digestible value proposition for buyers.”
Customers need a crypto wallet to begin; once they have created a wallet and registered with the service using their email and mobile phone number, they scan the wallet’s corresponding QR code on an iPad Mini at the newsstand. Customers are then charged a 5 percent transaction fee. There is a minimum purchase of 50 AUD (roughly $39 USD) for bitcoin and ethereum, and customers can expect to receive their cryptocurrency within 20 minutes of purchase.
Australia has a strong track record of early adoption with cryptocurrencies and blockchain technology in traditional spaces. The Australian Securities Exchange announced in December 2017 that they would begin utilizing blockchain to process equity transactions, while Brisbane National Airport announced an initiative to accept bitcoin, ethereum, and dash payments for consumer transactions in their airport terminals – the first airport in the world to do so.
While the impact of over-the-counter cryptocurrency sales remains to be seen, the approach potentially stands to benefit investors and business owners alike, providing new sources of income for newsstand operators and adding increased levels of accessibility and transparency for newcomers to cryptocurrency.
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The 10-day moving average for BTC.X crossed bullishly above the 50-day moving average on July 01, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 24, 2025. You may want to consider a long position or call options on BTC.X as a result. In of 140 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
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Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in of 439 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
BTC.X moved below its 50-day moving average on July 01, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTC.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BTC.X broke above its upper Bollinger Band on June 09, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for BTC.X entered a downward trend on June 29, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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