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How to get free crypto in Australia: $100 in three steps
The only reliable way to get free crypto in Australia is a new-customer bonus from an Australian exchange. Three exchanges currently pay $100 between them. Do them in this order, cheapest first, and you’ll have most of it within a week.
The plan
Step 1: Independent Reserve (+$20)
Independent Reserve is an Australian cryptocurrency exchange. New customers who sign up through a referral link, deposit $1 and buy any cryptocurrency receive a $20 bonus.
Step 2: Bitcoin.com.au (+$20)
Bitcoin.com.au is an Australian cryptocurrency exchange. New customers who sign up through a referral link, deposit $1 and buy any cryptocurrency receive a $20 bonus.
Step 3: CoinByte (+$60)
CoinByte is an AUSTRAC-registered Australian cryptocurrency exchange. New customers who sign up through a referral link and buy $110 of cryptocurrency receive a $60 bonus.
Why this order
- Independent Reserve and Bitcoin.com.au need just $1 each, so you can test the process with almost nothing at risk.
- Once you’ve done identity checks twice, CoinByte takes ten minutes. It needs a $110 purchase, which is why it goes last.
- Use PayID for deposits where you can. It’s usually instant, so you can buy straight away.
Not into crypto?
Banks and share trading apps pay sign-up bonuses too, some much bigger. See every current sign up bonus.
Free crypto questions
Is this actually free crypto?
The bonuses are real and paid on top of what you deposit. You do need to put in a little money to qualify ($1 each for the first two, $110 for CoinByte), but that money is still yours.
Do I have to keep the crypto?
No. Once a bonus is paid you can sell and withdraw to your bank. Crypto prices move, so the value of anything you hold can go up or down while you wait.
What about crypto faucets and airdrops?
Faucets pay tiny fractions of a cent, and many “free crypto” airdrops are scams that ask you to connect a wallet or send funds first. Exchange sign-up bonuses come from regulated Australian companies and pay real dollar amounts.
Do I need a crypto wallet?
No. Each exchange holds your crypto in your account. You only need ID for verification and a bank account for PayID.
Referral Revenue may receive a commission from the provider when you sign up through the links on this site. This does not reduce your bonus. This is general information only and not financial advice. Offer terms and amounts can change at any time, so check the provider's current terms before depositing. Cryptocurrency and share trading carry risk.