Free A$20 of Bitcoin (BTC) After Signup & Verify @ bitcoin.com.au

1030
SWANS

To celebrate the amazing 2024 AFL season, we're giving you $20 worth of Bitcoin for free!*.

Join over 350,000+ Aussies who trust bitcoin.com.au to buy, sell and store Bitcoin and crypto.

  • Get instant deposits (PayPal, bank transfer and credit/debit card)
  • 24/7 local support
  • Access to the most popular coins
  • $20 of free Bitcoin when you sign up*

Signing up is easy and takes a few minutes!

Verification is a PITA, but $20 is $20 (until it isn't)

Edit: Perhaps I should've made it abundantly clear to use code SWANS in the referral section during sign up. Do not use the OZB referral system. Apologies for the oversight, when I open the link in incognito it automatically inputs code SWANS for me; I did not realise this was not the case for others.

Referral Links

Referral: random (100)

Referrer and referee get $10 after referee finishes account verification and makes first trade.

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Comments

  • signed up.. I just wait for verification now?

    • +1

      I'm waiting as well.. Did you replace the generic referall code with "SWANS" after clicking "Go to Deal"?

  • +3

    Never heard of this exchange. Sounds like a scammy site

    • +10

      Independent Reserve is their parent company. You might be familiar with them, they are one of the earliest exchanges in Australia formed in 2013. They are legit.

      ABN is active - https://abr.business.gov.au/ABN/View?abn=46164257069

    • -2

      You need to be a valid company or entity to register for the .com.au domain. I don't think this is a scammy website.

      • +11

        All you need is an ABN

      • +5

        Used to be, pretty lax now. Only need some connection to the domain (ie could even just have scammy articles about Bitcoin and it would qualify)

        • Link to the rule changes? You still need an ABN or ACN etc for a .com.au. direct .au domains only require verification of residency

          Although you could use some random ABN but would be at the risk of cancellation

          • +1

            @thisusernameistaken: Yeh my bad, still does require "Australian presence" though I still wouldn't take any .com.au or .net.au as being a legitimate business at face value as it's not hard to get around.

            I was thinking more of the ability to register .com.au and .net.au for domain monetisation as a valid reason for eligibility (Section 11 here)

      • +1

        You need to be a valid company

        Because no company ever pulled a scam before…

  • +2

    does this stack on the referral?

    • I’d like to know as well.

  • +2

    Is this legitimate website

  • +2

    They don’t appear on the Sydney swans sponsorship list on the swans website.

    • +4

      Independent Reserve are.

    • +4

      Good point @mkhannah,

      Bitcoin.com.au is looking into getting that updated from just showing the parent company (Independent Reserve as @Lucille Bluth pointed out above) on the Swans website.

      If you go to a Swans game at the SCG one's able to see bitcoin.com.au flashing up on the 360 LEDs (those light up ads all around the stadium seats) and often a bitcoin.com.au promo tent out the front on Driver Ave if you're looking at the stalls before entry.

  • +2

    Terms and conditions
    1. The promotion is valid between 30th Jan 2024 and 29th Dec 2024, both dates inclusive (“Promotion Period”).
    2. The promotion is valid for accounts created between 30th Jan 2024 and 29th Dec 2024, both dates inclusive (“Promotion Period”).
    3. To qualify for the AUD $20 worth of Bitcoin you must register with bitcoin.com.au and complete your ID verification.
    4. Each customer will only be awarded once during the Promotion Period.
    5. The Promotion is available to new customers only.

  • Does this stack with the referral bonus?

  • +26

    I got to the fourth step, where I had to hold my ID next to my face and upload a photo.

    Yeah, that's not going to happen. Even government websites don't ask for this.

    If a company or its employees misuse a photo of you holding your ID, it could lead to a variety of negative consequences. Here are some of the potential risks and unethical uses:

    1. Identity Theft and Fraud:
      Creating Fake Accounts: With a photo of you holding your ID, malicious actors could create fraudulent accounts in your name. These could be used to open bank accounts, credit cards, or online services, leading to financial fraud.

    Taking Out Loans: Fraudsters could use the photo and ID to apply for loans or other financial products, leaving you responsible for debts you didn’t incur.

    Social Engineering Attacks:
    Phishing Attempts: Cybercriminals could use your personal information to craft convincing phishing emails or phone calls aimed at tricking others into revealing more personal information or making financial transactions.

    Manipulating Friends/Family: If the fraudsters gain access to your social media, they could use your identity to trick friends or family into giving them money or information.

    Selling or Sharing Data Illegally:
    Data Brokers: A company could sell your photo and personal details to data brokers or other third parties without your consent. These entities may use your information for targeted advertising, profiling, or reselling it to other companies.

    Black Market Sales: In worst-case scenarios, personal data including photos and IDs can end up being sold on the dark web, where it's often purchased by scammers and cybercriminals.

    And much much more.

    • +4

      ANZ plus asks you do hold your ID

      • +4

        then go to a branch and do it.

        Nothing wrong with showing your ID when youre there.

        But taking a photo of your face next to your ID and then uploading it is completely different.

        also ANZ have many branches you can go to.

        • +2

          Pretty sure ANZ plus is app only; I’m just stating that there are companies in Australia that ask you to do it

          • +2

            @Magicmannn: mate. whatever problems you have with ANZ, just go to the bank with your ID and they can sort it out for you. If you show up at an ANZ branch and need assistance with verification and have your ID's with you, they would not tell you to f off.

            Also ANZ is a way more reputable brand with branches everywhere, in business for 75+ years.

            This bitcoin site is some rando ones that no one has even heard of.

        • +5

          I had to upload my Passport photo to the dodgy Indonesian visa site for a recent trip to Bali.
          I feel this is actually safer 🤔

          • @Jenbrook: Similar, every dodgy looking hotel I stayed at in Sri Lanka a few weeks ago took a photocopy or photo (on a/their phone) of my passport, plus with all the crap out there about you online these days, I doubt signing up to one more site is going to be the straw that breaks the camel's back…never know of course.

      • They actually did that on a live video call and didn't ask for a photo to be sent. Showing it over a video call seems safer as it's not kept in the records.

    • +5

      CBA asked me to do this.. for accounts Ive had open for 20 yrs.. I escalated it to complaints (assumed it was a scam coming from official CBA email addresses). Nup, it's legit.

      So …welcome to 2024!

      There was a countdown timer on the app. I let it run out…I ain't doing it.

      • -6

        then go to a branch and do it.

        Nothing wrong with showing your ID when youre there.

        But taking a photo of your face next to your ID and then uploading it is completely different.

        • And what do you think the branch will do with such images ???

          You can't simply verify your mug in the branch. Needs to be uploaded to xyz Dept.

          • @tunzafun001: The CBA branch will just look at your ID to verify you.

            Also they are reputable, they actually have many branches across australia, been in business for like a century or more.

            Not some online rando shady site where no one even heard

            • @Trenthar8: They took a copy of my DL

              • @sonic910: They are more reputable and you can sue/held them for accountable if they use your info for unethical uses.

                Also, taking a copy is not as bad as making you hold your ID right next to your face and taking a photo of it like what the bitcoin site wants you to do.

                Literally they can steal your identity and use your photo of you holding your ID next to your face to do illegal stuff.

    • +2

      That's a requirement for AML and KYC, otherwise they'll get sanctions from all possible financial authorities.
      But I totally agree, giving them any real information you expose yourself and your money. Even though you have your primary account redistricted on another email, verified by another phone (which is unlikely), you can't replace your face. While they can store and sell your biometric to the guys that will use it to get to your primary account.

    • +1

      What’s the difference between a scanned copy of your ID vs a picture of you holding it next to your face?

      • +2

        It proves that you are not some Nigerian scammer who has got hold of someones scanned ID.

    • +1

      Stake forced me to do this recently. Without it I was locked out of my account.

    • +3

      Even government websites don't ask for this.

      I believe MyGovID does it and I worked on a project for the NSW gov for something like this in 2017. It's a standard method of doing online ID verification these days. Validate ID against the source (eg Licence check with gov, then validate your face against the ID). Welcome to the future!

    • That's the new kyc regulations. They have ID of everyone trading.

  • +20

    $20 worth of Bitcoin free, will only cost you $29~ to withdraw…..

    • +2

      HODL

    • +2

      BTC withdrawal fee is ~AUD$29.
      BTC->AUD sell fee is 1%? Then AUD->Bank withdrawal is free?
      I don't have an account, just going by their website.
      It will take a AUD$200 offer for me to sign up, otherwise it's just work.

      • And don't forget an accountant will charge you an extra $80 to process your crypto transactions at tax time.

        • +11

          I do my own tax return.
          I find it outrageous that tax accountants charge upwards of $400 to enter a few numbers on a form for personal income tax return. I have to do all the prep work anyway,

          • +1

            @purple1: So do I.. Then got a 7yr audit.. then had to pay an accountant. At this point I realised the "diversify your investing" is a bad idea. Accountants fees for each sub item…spent 3 weeks scanning documents to 3am. Spent 15 mins with the accountant (everything was accounted for and correct)..and that was $1500 (yep..i did all the work) ..and guess what ..the accountant failed to meet the ATO lodgement date..and they scrubbed all my deductions (even though they already had my logs..so got.it wrong). The accountant still wants $770!! Now need to find a lawyer for the accountant and the ATO
            …FML

    • +1

      Also will cost you a few extra steps with ATO.

      • +5

        Yes, you soon realise crypto is in the interest of the government.

        Ie. Buy $1000 worth of coin A. Transfer it to an exchange for Coin B (tax event).
        Stake it for 10% yield ( $100 tax event).

        Coin B loses 10% of its value. You hold a coin now worth only $900 …but still need to pay the ATO $100 in income tax! But get to keep a $100 future CGT loss.

        Repeat scenario above in second year. Coin is worth less, again tax is still payable again (as staking is an income tax, not a capital gain).

        Extra accounting fees for crypto.

        If you bought in mid 2021 and staked..this is the recurring pattern.

        In summary…it's not with it.

        All you need to do (in the ATOs eyes) is a be a baby boomer. Buy a dozen properties. Pay them tax on rental earnings…deduct costs off your income tax (negative gearing doesn't become a CGT offset like crypto). Big difference.

        • +1

          Meanwhile, you are not allowed to use the biggest crypto exchange with AUD. So you get extra headache and fees to do it other way around. But don't forget to pay taxes if you managed to do it.

    • Nope, withdrew through my bank account and didn't pay a single cent in fees. Where on earth did you get $29? Are you trying to transfer it to another wallet or smth?

  • Thanks OP.

  • +4

    Verification process seems dodge

  • +9

    I reckon a good old fashioned nigerian scam would be less of a pain in the arse than this one.

    • +4

      You underestimate what some people here will do for $20.

      • nodsnods… pay $29 to earn $20!

        • +1
          1. You can sell and transfer by PayID to your bank instantly. And use an exchange that doesn't charge ridiculous withdrawal fees. Current fee on Mempool for a Bitcoin transaction is less than 50 cents. And free using the Lightning Network e.g. Kraken supports this.
          2. How much is $20 worth now versus 5 years back? At the time, $20 might now have seemed worthwhile. There are actual deals on OzBargain from 8 years ago where people were complaining it wasn't worth $10 in signup bonuses. Free US$10 worth of Bitcoin in 2014 on OzBargain worth now US$600. Interesting read in the comments at the time.
  • I thought Binance was offering USD20.

  • +2

    We’ve deposited your $20 worth of bitcoin through our super premium high-return blockchain investment portfolio account …aaaaaaand it’s gone.

    • Gone why, it's near ATHs? It is within the top 10 most valuable assets by market cap in the world. 15 years of history should tell people it's here to stay. It's exhausting people still latching on to calling it a scam and a Ponzi. For the latter, who is involved in the Ponzi? Who is the CEO of Bitcoin?

      Meanwhile I'm readying to pay off my mortgage with a portion of my Bitcoin and take a year off work. I'm done with the rat race, going to do a career change doing something I actually enjoy without worrying about remuneration amount.

      Glad I set up an SMSF and converted a large chunk of my super into BTC in 2016. My net worth was about 15% at that moment in time in BTC, it's now over 95%.

      For those silently fuming, may I offer you to join r/buttcoin - those people have been angry since their inception in June 2011. At the time BTC was trading at US$17. Lives full of regret, and so fortunate to have known about it so early.

      How much is $20 worth now versus 5 years back? At the time, $20 might now have seemed worthwhile. There are actual deals on OzBargain from 10 years ago where people were complaining it wasn't worth $10 in signup bonuses. Free US$10 worth of Bitcoin in 2014 on OzBargain worth now US$600. Interesting read in the comments at the time.

        • -1

          Paywall. But the Economist only ever writes hit pieces on Bitcoin so I assume I know where you are going with this. At this point in the 4 year cycle, post a halving, miners do tend to offload the bitcoin they mined around ATHs to pay for new efficient equipment. Once they deplete their stockpile, price starts appreciating again, before going into another bear market ~18 months post halving.

          • -2

            @Lucille Bluth: I don't know what's more disappointing, being snippily dismissive of The Economist's financial writing or the chaser of techbro "ATH cycle look at my chart" talk

            • -1

              @Crow K: I said the article was under a paywall. And I am familiar with The Economist's stance on Bitcoin so it is safe to assume I know where they are going with this article, in the context of mining.

              • -2

                @Lucille Bluth:

                And I am familiar with The Economist's stance on Bitcoin so it is safe to assume I know where they are going with this article

                The confidence you discuss an article you haven't even read has the same energy as your guidance on the cycles of Bitcoin

                Tell me that's not a giant red flag right there

      • For the latter, who is involved in the Ponzi?

        All a Ponzi scheme is, is when you use new investor money to pay off the earlier investors, ie exactly like BTC. The instrument produces nothing of value or utility itself, it purely serves as way to funnel money up the chain. Then at some point you run out of new 'investors' and the charade collapses. The fact you don't know this says a lot…

        Meanwhile I'm readying to pay off my mortgage

        Good for you. As long as you're not caught holding the bag when the house of cards collapses you'll be fine. The question is, how do you know when that is?

  • $20 is $20

  • Just got spam through SMS app to join a trading whatsapp after signing up last night. Hmm

  • Cmon Isaac, why are you selling out on us like that?
    Focus on beating the Giants next Saturday mate

  • +1

    I have just gone through the process and waiting for this to complete "We're verifying your account information."

    In the meantime, I've noticed my account received 0.00011457 BTC as a "Referral Bonus", which is equivalent to $10 AUD, not $20. I am guessing I will receive another ~11457 sats when the account is fully verified?

    Anyone else in the same situation?

    Cheers.

    • no, you forgot to enter that referral code

      • If anyone entered the wrong code and only received $10.
        Message support and they will credit the other $10 to your account

  • +1

    Entire crypto industry is a giant grift. Negative-sum game with the "assets" having no inherent value. The only way anyone can make money off it is by someone else losing it.

    • +1

      Same with the commodities, share market and real estate?

      • +3

        Except they are all valued on underlying assets.

        My house values have dumped but they still house my kids and provide rent. When a coin dumps everyone bails and its forever known as sh!te.

        • -1

          Bingo.

          You can't live in a row on a read-only ledger…

      • +1

        Same with the commodities, share market and real estate?

        The opposite. When you buy a commodity you have the use of that commodity, even if it loses all it's book value. With shares, they run a business that produces goods and/or services that people value, and if you buy a house and the book value suddenly turns to zero you still have the use of the house to live in.
        What do you do with Crypto that turns into zero book value? Can you answer that question, because it's a simple question but no crypto bro ever seems able to answer it.

        • If you buy real estate like mascot towers not only do you not have equity. You have liability. Sure heaps o people have gold but most people have it paper not bullion. Remember when fuel was negative value during covid? What do you do with shares that are zero book value? The same thing you do with zero book value crypto. Most cryptos are essentially unregistered securities. So you arguing that shares/securities have value supports cryptos as well.

          For everyone who missed my point. You make money by someone losing money. Be it crypto, commodities, share market and real estate. Did I say it's the only way? Of course not

          • @aka nioh:

            If you buy real estate like mascot towers not only do you not have equity.

            Of course you do. What a bizarre thing to say.
            Any venture has risk, but even in your weird example, all owners got their money back plus compensation. https://www.nsw.gov.au/media-releases/mascot-towers-owners-f…

            "Under the terms of the deal owners also received the sale price of their unit and their share of around $8.2 million".

            This is a terrible example since is actually proves my point. The fact that you didn't grasp that before using it as a counter example explains a lot.

            So you arguing that shares/securities have value supports cryptos as well.

            Nope, because you forgot to answer my question about what is the value of Crypto? Don't worry, every Crytpo bro always avoids this question.
            Every other security has some definable value that the security value is based on. Here is an example: If I invest in my local pie shop, there is value in the pies, because people want to eat pies, and that creates revenue. The baker wins, the butcher wins, the customers win, the investors win. There is no loser. The only way Crypto works is if someone else loses because there is no value being created, it's a pyramid scheme that relies 100% on new money entering the system. At some point you will run out of losers, then what happens? Can you answer that question?

            For everyone who missed my point. You make money by someone losing money

            100% wrong. When I bought my house, the previous owner made money, when I sell I will make money. No-one has lost a thing. Seller wins, buyer wins, property agent wins, bank wins. Everyone won.
            If for some bizarre unexplainable reason the housing market was to turn to dust, we all still have a roof over our heads, ie there is value even if book value is zero. What can you use a digital read-only ledger for? Why is this question so hard for crypto bros to answer?

            • @1st-Amendment: Thankyou for highlighting my comments without perspective. You missed the context. But feel free to believe what you want to believe. I will believe what I believe in. If you believe that 100
              % everyone makes money in real estate then good for you. Have a nice day.

              • @aka nioh:

                If you believe that 100

                Strawman, try to stay on topic…

                Also a quick search on Google

                The Guardian said it so it's true! Might be to time to stop digging that hole…

                From the government website, not some media hype BS: "Under the terms of the deal owners also received the sale price of their unit and their share of around $8.2 million in means tested support"

                This is called equity. You said that they had no equity, you were wrong.

                And for the record that you failed to answer the simple question that all Crypto bro's fail to answer: What can you use Crypto for? Or what do you plan to use Crypto for in the future other than to prop up the world's largest ever pyramid scheme?

                This is what separates real, tangible investments from Ponzi or pyramid schemes. The thing you are investing in does something useful that is likely to continue being useful into the future. If even you can't explain what it does, it's probably a good idea to get out while you're ahead.

            • @1st-Amendment: Also a quick search on Google: While the deal will wipe debts, owners will receive vastly less than the original purchase price due to the fallen value of their apartments.

              After half a decade stuck in this nightmare, it appears that 75% of owners have now agreed to sell to a third-party buyer and move on,” Chanthivong said.

              https://www.theguardian.com/australia-news/2024/mar/22/masco…

              Hope it doesn't happen to your real estate and you don't advise people that everyone in real estate makes money and that it's all roses.

              • +1

                @aka nioh: I'll repeat the same question that you keep avoiding: What can you use Crypto for? Or what do you plan to use Crypto for in the future other than to prop up the world's largest ever pyramid scheme?
                Why do you and all crypto bros always run away from this simple question?

  • How much is a Bitcoin transaction these days to get your funds out $15?

    If so, $5 hardly worth it for your details.

    • An on chain BTC transaction is cheap, usually $1 or so, but what a site charges as a withdrawal fee can be a completely different and arbitrary number.

      People above saying the site charges $29

      • I havent had a $1 transaction for a while, but $29 is a stitch up

    • It's 0.0003 BTC (~$29) to send your BTC to another wallet (https://bitcoin.com.au/help/fee-schedule), but apparently free to withdraw via bank transfer or $1.50 via PayID. A shame, I wanted to actually own the BTC

      Certainly not worth the hassle for $20 imo

  • +4

    I don't understand what the big fuss is? I've just withdrawn for $17.93 after selling through them, to payID, received it instantly. Sure, $1.50 transaction fee is a bit steep for $20, but I'm still in the green here lol.

    • You touched on a controversial topic that far surpasses the EV and condom posts on Ozbargain

    • why only 17.93 mate, you got a bunch of people who forgot to change referral code (which is not mentioned anywhere on the site or "terms" and load you with 10aud lol

      • If anyone entered the wrong code and only received $10.
        Message support and they will credit the other $10 to your account

  • Independent reserve is a separate brand. So you can get a $10 sign up bonus for that as well…. https://www.ozbargain.com.au/deals/independentreserve.com randomizer is at the top. Make sure your link has "portal" or there is a code in referral section

  • I signed up earlier this year when the sign-up bonus was only $10. D'oh!

    Things might have changed, but the minimum withdrawal at that time was $20. If that's still the case, if your BTC balance falls below $20 (keep in mind that the selling commission is 1%) then you might need to top-up via a purchase if you want to withdraw.

    It cost nothing to withdraw to a local bank account.

    Edit: I see above that someone has withdrawn less than $20, so it should be easy. Standard withdrawals won't have a fee.

    • -1

      you forgot to change the referral code as most of us and just got standard 10 from the code created by the trade author

  • -4

    Note: the deal link uses OP's referral code. To be fair, use the random referral link

    • +1

      No it doesn't, the deal link takes you to the landing page of this sign up promo. I copied the link from the email that I received. When I open the link in incognito, it already has code SWANS in the referral section.

      I did not realise that this was not the case for others, so I have amended the deal description accordingly.

      • -2

        and thats one more reason why crypto has that "scum" vibe lol

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