How to Use Blacksheep in Australia: Complete Guide for 2025

The gap between traditional banking and cryptocurrency in Australia has always been wide. Getting money onto an exchange can be slow, withdrawing it can be uncertain, and too often assets end up locked inside custodial platforms you don’t fully control. Blacksheep was built to change that.

Blacksheep is Australia’s dedicated crypto on/off-ramp, designed for businesses, investors, and entities that want a reliable way to move between Australian dollars and digital assets. Unlike typical exchanges, Blacksheep is self-custody first: when you buy crypto, it goes straight to your wallet, not into a company’s pooled account. That means you always stay in control of your funds.

With an ABN-based registration system and strict adherence to local regulations, Blacksheep also provides a compliant platform that connects seamlessly to the Australian banking system.

In this guide, you’ll learn how to:

• Create your account and complete KYC
• Deposit and withdraw AUD quickly and securely
• Buy and sell USDC on Ethereum mainnet
• Set up entity accounts for companies, trusts, and SMSFs

Whether you are managing an SMSF, running a business, or trading as a registered sole trader, Blacksheep makes crypto access as simple as banking, while ensuring you maintain full control of your assets.

1. Create Your Account & Complete KYC

Getting started only takes a few minutes. You’ll need to register with an email or Google account, then verify your identity to meet Australian compliance standards.
👉 Read the full guide on creating your account and completing KYC

2. Deposit & Withdraw AUD

Once verified, you can move money in and out of Blacksheep using Australian bank transfers. Deposits and withdrawals usually process within minutes.
👉 Learn how to deposit and withdraw AUD on Blacksheep

3. Buy and Sell Crypto with AUD (Currently USDC)

Blacksheep currently supports USDC on Ethereum mainnet, with more coins coming soon. You’ll need a self-custody wallet like MetaMask to store your crypto and an Australian bank account to withdraw AUD.
👉 Step-by-step guide to buying and selling USDC with AUD

5. Entity Accounts & ABN Setup

Blacksheep is designed for entities - from sole traders with an ABN to companies, trusts, and SMSFs. This ensures compliance and opens the door to professional and business use cases.
👉 Read the full guide on entity accounts and ABN setup

Security & Compliance

Your security comes first: always double-check wallet addresses, keep your wallet extensions updated, and never share private keys. Remember, crypto trading may have tax implications in Australia. Consider seeking professional tax advice.

What’s Next for Blacksheep

Right now, the platform supports USDC on Ethereum. Over 2025, Blacksheep will be adding more coins and features, making it even easier to move between AUD and digital assets.

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