I have updated this - YOU NEED A FRIENDS REFERAL LINK for the free $2 . but below i have out line the cost befits of using coinjar to buy your next bitcoin
( please don't debate about bitcoin is/isnt a scam etc ) Sorry for grammer .( grammar police please email me your edited and i will update it :P
my personal experience has been great with them . I would suggest to give them a $50 try .
You can also use them as a Wallet ( just like using a Paypal account)
i have personally use Mt.Gox, Bitstamp, Btc-e and this is by far the easiest way to Fund your account with AUD to Bitcoin
Price Different
Mt.Gox $1,080 USD or $1,185 AUD (+fees)
Bitstam $968 USD or $1,064 AUD (+fees)
BTC-e $949 USD
Bitfinex $965 USD
Kraken $1,000 USD
Coinjar $1,018 USB or $1,116 AUD
There is no conferring fee , banking fees , no Credit card over sea transaction fee , fees for depositing or withdrawing , i think they Buy from Bitstamp and charge their commission . but it always cheaper then MT.gox . NO CRAZZY deposit to oversea Russian Banks or Mt.gox japaness Bank which take 3 week to deposit and 6 week to withdraw. No ebay scam
depoist $50 cash or bank transfer and your account will have $50 AUD ready to Buy bitcoin
but they do charge 1% in the price different of bitcoin , IE buy bitcoin for $1,018 sell for $1,017
How to buy bitcoin
set up account (10min) No document are need unless you want to buy $5,000+
click "Filler" "$50 cash despist into any NAB bank branch" ( 2 min)
you will get a FREE Automated txt msg to your phone and a email with the BSB and bank account + A code to add on the deposit slip so it goes straight into your account (within 5 min)
drove down the road to the NAB branch fill in a deposit slip paid $50 cash (2min)
I have also tried this at Australia Post and you can use ING paywave :) for a extra 5% discount
before you even leave the branch i got another Email and text msg that they have received my funds (-1Min)
Drove home and money was in my account , I place a order to buy $50 worth of bitcoin at market price bitcoin was in my account (2min)
i had to wait about 2 hours untill it change from "Pending $0.06000 bitcoin " to "Available 0.06000 Bitcoin"
If you currently bank with NAB you internet banking transfer will be faster then mine with ING
Other thing i have tested
- Cash Deposit into NAB Branch ( 15 min)
- Cash Deposit into other bank (ANZ) ( 1 Business day)
- Internet banking transfer from my NAB account ( 5min )
- Internet banking from ING account (1 business day (i think due to ING )
How to withdraw
Withdraw was little harder
I had to verified my bank account ( 10 min) no documents need to be email to them .
I did it at 5 pm tuseday and i saw it in my ING account Thursday morning
i had to register my bank account , and they sent me $0.01 with "coinjar 88834" which i copy and paste to verified my account
Selling my bitcoin
took a little longer , i think the market drop $899 and i was waiting to sell the at $900 ( it was my fault not selling at market)
once the bitcoin were sold i got a email ( i don't remember getting a sms) … it then took about 2 hours for my account to change from "pending" to AUD$50 …
With drew the $50 from my account and was in my ING account the follow day
Problems
When depositing $500 i made the mistake of clicking "cash deposit to branch" not "Internet banking"
i got the txt msg and email , use the code , and did a bank transfer Via internet bank . my fund did not get into my account as normal . sent them a email , very fast reply and found out they have 2 bank account for cash and internet banking transfer, and there system didnt see that i deposit the wrong way, my mistake
I sent them a email - and reply 4 hours later
not bargain