Buying Bitcoin

Ainslie provides a simple and secure way to buy Bitcoin for first time investors, existing wallet holders and even those who want to invest in Bitcoin but don’t want to manage their own wallet.  You can buy in store, by phone or on-line in our webshop.

First time buyers

Come in to our store and we will produce a brand new, completely off line, Bitcoin wallet for you.  We give you a neat Ainslie Crypto Wallet and a copy on a USB memory stick.  We create and load your wallet right in front of you and show you how to check the balance.

We do all of this on a secure laptop that has never been connected to the web and attached to a dedicated printer that also has never been connected to the web.  The laptop is also installed with a hardware RNG that creates your unique wallet, again, all offline.

For your peace of mind, we will wait for sufficient confirmations of the transfer before you leave.  If the blockchain is a little slow that day, our $10 (for an hour) parking under our building allows you time to grab a coffee or a bite to eat whilst you wait.

Our office is a secure area and we require photo ID to enter.  For sales of more than $5000 we will need to keep a record of this ID showing both your name and date of birth and/or address for AUSTRAC purposes.

Payment options include cash, credit card (a surcharge applies), or if you bank with Westpac, Commbank, ANZ or Suncorp, we can give you an invoice for payment, you visit one of those banks you have an account with (they are all very close) and have them transfer into our corresponding account.  We will see it straight away and you get to walk away with your loaded Bitcon wallet.

You will receive a final invoice for your records of your purchase.
Please note there is a 0.5BTC minimum transaction with Ainslie.  Web or phone orders will not allow delivery of your wallet, you must be present as we produce a new one in front of you.

Web orders

You can buy Bitcoin online through our webshop just like you can with bullion.  Simply go to Buy Bitcoin in the webshop, add to cart, and adjust the amount of Aussie dollars you wish to spend (ensuring it equates to more than 0.5 BTC and is no more than $50,000).  Confirm your order, enter your personal details, pay a 10% deposit with your credit card (no surcharge applies), and we will receive your order.  If this is within our business hours of 9am to 4pm AEST Monday to Friday you will get an emailed invoice soon afterwards for payment of the balance at the rate locked at the time of the order.  If you are ordering outside of business hours, your AUD amount is locked in but the BTC/AUD rate will be per our published rate at 9am AEST on the next business day.

Full payment must be made on the same day you receive the invoice.  Options for payment include -

  • Bank transfer / deposit
  • BPay
  • Credit/Debit Card (surcharge applies - see FAQ)
  • Cash (paid in store)

At this stage you will be asked to send us a certified copy of your Photo ID for verification. This request and form will be sent to you via email and we ask that you check your junk mail if not received straight after purchase. This photo ID verification is required for all purchases over $5000.  Alternatively you can download the ID form here and email of fax it in.  Note - if you are a first time buyer getting a new wallet or coming in to pay cash, just bring your ID then (no need to post).

We will also ask you to send us your Bitcoin address or QR code.

Once your funds and ID (if required) have been received we will transfer the Bitcoin to the Bitcoin wallet address you provide.  We undertake to pay fees in line with Priority payment transaction times.

Please note there is a 0.5BTC minimum transaction with Ainslie and a $50,000 maximum on-line.

Phone Orders

If you are not comfortable using the internet you can simply call us between 9am and 4pm weekdays on 1800 819 474 and we will take your order over the phone.  Thereafter it is the same as the web order process just described above.

Ainslie Bitcoin Storage Account

Just like an Ainslie Bullion Storage account an Ainslie Bitcoin Storage Account allows you to leave all the work and security to us, allows you to remotely manage your transactions, and have a ready and robust account statement to keep accountants and SMSF auditors happy.  This is how we do it…

  • We create new ‘paper’ wallets completely off line as described above.
  • Using a scanner we record the Bitcoin address for each.  At no stage is an electronic copy of the Private Key made or the Private Key accessible online.
  • We transfer these ‘empty’ wallets to Reserve Vault and lock them away in a safe
  • When you open your account we allocate you to one of these already secure wallets and transfer the amount of Bitcoin purchased into that wallet.   No wallet is ever reused.
  • We provide you with a certificate of holding (again much like the bullion storage) and of course an invoice for your purchase.
  • You can add to your account any time on line or by phone or email.
  • You can sell all or part of your holding at any time within business hours.
  • Come tax time or SMSF audit time, we can provide your accountant or auditor a statement of current holdings, removing much of the ‘opaqueness’ problematic of private, uncontrolled accounts.
  • We do charge a 1% management fee on any transaction but do not charge a ‘holding fee’ as such.  There is 0.5BTC minimum transaction requirement.

Download the Ainslie Storage form.

It’s Bitcoin made simple and secure!