Your exchange needs togive you the exact value before you finalize your conversion. Otherwise, you mightend up spending more than you have invested. When you convertBTC to AUD, you are also charged taxes along with the exchange rate.This is why you must see 1 BTC to AUD amount to calculate the specific value that you will receive or pay for the conversion. This process can be made easier if you use an Australian exchange because it will show you the values in local Australian dollars. Instead of being at sea when you see foreign prices, you will be able to make a stable exchange for your investment.
The reason to choose anexchange over the P2P method is that it is safer. Your security as acryptocurrency user is compromised when you are exchanging directly with another user. Moreover, you might be overcharged if they are not living in the same country as you. To avoid such problems when you convert from BTC to AUD, you should opt for an Australian exchange that will take care of the tedious details for you. Moreover, you may find exchanges that do not cost you an exchange rate when you convert your cryptocurrency other than the taxes. You may find them more beneficial as a beginner of crypto coin dealing.
