Dec 21, · Some of the things that set CoinJar apart from other Australian Bitcoin exchanges are that it has both a simple brokerage service and a reasonably active trading platform, that it offers a Bitcoin. 11 rows · Dec 08, · Bybit. Bybit is a derivatives cryptocurrency exchange platform that is 5/5. Buy Bitcoin CoinSpot, established in , is a popular Bitcoin & cryptocurrency exchange based in Australia. CoinSpot provides a simple and easy to use interface with a wide selection of features. Users can deposit via POLi, PayID, BPAY, cash deposit or direct deposit.
Australia bitcoin trading platformBitcoin Brokers Australia - How To Trade/Buy/Invest in Bitcoin
HighLow is a popular investment broker that offers a variety of financial assets to invest in. The broker is most famous for CFD trading, but Bitcoins can be traded with them too. The company is popular in New Zealand as well. The broker offers an excellent trading platform program.
The market prices are available in real time. Plus, the trading platform has a demo. Users can familiarize themselves with the platform without actually spending any money. HighLow is known for offering excellent customer support. Because Bitcoin prices tend to fluctuate wildly, this feature is extremely helpful. You can read our Highlow review. All in all, HighLow is a reliable and well-designed online Bitcoin brokerage platform. Users can easily trade Bitcoins with them too.
The broker has headquarters in Israel. However, the company has an entity in Australia to service Aussie customers. ASIC regulates this entity. The most remarkable feature about eToro is its platform. The broker prides itself on being a social trading network. You can access their software similarly on a desktop or a mobile device. The biggest appeal of eToro is the social component. Users can copy trades of successful investors and follow others on the platform.
Read our eToro review. The broker offers a free demo version of the software. New users can practice trading Bitcoins without actually spending money.
Plus offers a well-regarded CFD trading service to users from around the world. The Israel-based broker has an office in Australia. The broker is regulated under local laws by ASIC. The broker has a CFD trading platform where you can also trade a number of cryptocurrencies including Bitcoin but also stocks like Tesla.
Plus offers some of the best leverages on its platform for crypto traders. The trading software is intuitive to use and offers access to a vast number of markets. The software is mobile-supported on both Android and iOS. Plus is a great broker to choose for quality as well as to gain access to various markets. Their platform is great for transitioning to Bitcoin trading. Read the Plus review. Choose your Bitcoin broker wisely. Consider all the options available before jumping in.
Armed with the inofrmation provided by the above guide, you will be a step closer to mastering Bitcoin trade. Bitcoin is the best-known cryptocurrency in the world. Disclaimer: We may receive a commission for purchases made through the links on our site. However, this does not impact our reviews and comparisons. Learn more about our Affiliate Disclosure. Swyftx is by far our most recommended Australian crypto exchange, their trading platform is the easiest to use and their online wallet makes trading pain free.
Almost all other exchanges require you to buy the coins then move them off to an external wallet for safety reasons which becomes a hassle. The team at Swyftx are incredibly helpful and being Australian based they are always active when you need them. Swyftx is working on becoming one of the most competitive exchanges worldwide making it easy for both frequent traders and new traders. Visit Site. CoinSpot is a great exchange in Australia for new users, their dashboard is easy to use and they make the process of buying your first cryptocurrency easy.
The main issue with CoinSpot are the fees, other platforms provide the same experience with much lower trading fees. Independent Reserve Review. Independent Reserve is another Australian cryptocurrency exchange.
They offer a great platform to buy coins but it can be a little difficult to get the hang of to begin with.
IR supports 13 cryptocurrencies in total. Independent Reserve has the lowest trading fees out of all the Australian exchanges which is why it is one of the most popular. It is also much safer to keep your coins in their online wallet as opposed to keeping them on an international exchange like the others on this list.
As noted in our Independent Reserve review, security is one of their highest priorities so you know you are trading on a safe platform which gives peace of mind. Binance is quickly becoming the most used exchange in the world and for good reason.
As mentioned in our Binance review, they have pairings for all of the major cryptocurrencies you would want to trade and safety is a big priority for them. CoinJar is one of the longest running exchanges in Australia and have international presence. One of the main drawbacks for CoinJar is the number of support currencies, currently they only allow trading of 13 cryptocurrencies.
Other exchanges in Australia support over different cryptocurrencies. CoinJar also have known to have quite large spreads compared to our most recommended exchange Swyftx. Digital Surge is one of the smaller Australian Cryptocurrency exchanges but they provide an excellent service. If you are looking for a quick and simple way to buy Bitcoin or other cryptocurrencies then Digital Surge is a great choice.
Users online boast how easy the platform is to use and we definitely agree! The platform is registered with AUSTRAC which is required in Australia and it gives you peace of mind, minimizing any potential threats to your investment.
For more in-depth information you can check out our Digital Surge Review where we analyse the exchange further. This can be seen as a good and a bad thing, firstly they have been around since so they can be trusted much more than the exchanges developed purely for cryptocurrency a lot later.
They are still working on improving the Crypto section of their website and plan to add more coins over time, currently, they only have the most popular coins available to trade. We suggest not leaving your coins on this platform due to the fees, you pay fees daily depending on how much you are storing — it is much easier to move it to an external wallet. The platform itself looks very safe though. Coinbase is the largest foreign exchange, even so, we highly suggest not leaving your coins on this platform.
We always advise against leaving your coins on any foreign exchanges, instead you can transfer it to a hardware wallet or online wallet. This exchange has very high fees for trading as it is the largest exchange and has been for quite some time, in essence, you are paying for quality, safety , and assurance.
There are a lot of stories of bad experiences with this exchange when trying to cash out, they have been known to hold accounts for up to a year. We recommend reading our Coinbase review and do your own research before making a decision. Bittrex has a huge range of coins available and the most by far on our top 10 list. As noted in our Bittrex review, they do seem to act quite quickly in making sure they remove less credible coins.
However, if you are looking for a new or less popular coin there is a high chance that Bittrex has it for trading. As stated previously and especially for this exchange, we highly recommend not leaving your coins on this exchange read our post on how safe Bittrex is.
CoinMama, was founded in and has been a leading cryptocurrency exchange for many years. For more info on the security of the platform, check out our article on Coinmama safety features. Kraken was founded in making it one of the oldest exchanges currently on the market.
It has been plagued by bad press over the years making people cautious when approaching this exchange. However, as mentioned in our Kraken review, this is still one of the most used exchanges in the world which we find quite interesting. Something like Binance would be a better option however Kucoin features a lot more cryptocurrencies which is why people will opt to use it.
Similar to other exchanges there is no option to deposit funds from your bank and buy cryptocurrencies on the go which is why this exchange is recommended for experienced users. For more info on the security of the platform, check out the following post: Is Kucoin Safe? Bitfinex is currently the largest exchange being used globally, this is mainly being used in east-asia and in the united states.
Bitfinex was hacked in August with over , Bitcoin being stolen, however they have since improved their security protocols and the way that they store users assets. OKEx is a relatively new Cryptocurrency exchange opening in May The OKEx platform is very versatile which is why it is gaining increasing popularity.
The cryptocurrency world can be a scary place for someone starting off, choosing the right place to buy, sell and trade is very important. Our aim is to make the process as easy as possible.
At Crypto Head we always suggest doing a lot of research before investing into cryptocurrency, just as we have done for this top 10 list. Gox scandal or is at risk of being hacked. Disclaimer: Digital currencies and cryptocurrencies are volatile and can involve a lot of risk. Their prices and performance is very unpredictable and past performance is no guarantee of future performance.
Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided. All you need is a reliable platform that lets you make orders quickly and easily.
The exchange should be easily-navigable and clutter-free, with a few simple trading options that focus on Bitcoin. The best thing about Bitcoin exchanges is that they tend to offer a variety of payment methods to their customers. Deposits are instantaneous while withdrawals usually take 5 minutes to process. The advantage of using a local exchange is that you can pay for the services in your local currency, i.
Australian Dollars AUD. This saves you a great amount of time you would otherwise spend looking for third-party payment providers to convert your fiat funds. The reason for this is that popular exchanges like to play it safe by avoiding lesser-known altcoins that tend to be volatile. In the past, there have been numerous flash crash scenarios caused by the sudden price drop of a given altcoin. Swyftx , however, manages to offer both a wide range of over digital assets, a couple of payment methods, and advanced features such as stop and limit orders.
Most importantly, their services incur affordable fees unlike CoinSpot , which has an excellent choice of coins but hefty fees. Other popular options for altcoin exchanges are Binance , Bittrex , and Kucoin. None of these exchanges are based in Australia but their services can be used worldwide. They offer a variety of coins to choose from but the only drawback is the lack of support for AUD.
Instead, you would have to make deposits and withdrawals in USD or crypto. Unlike Swyftx, these exchanges are not recommended for beginners and should be approached carefully. Trading cryptocurrencies is a risky business in itself, so definitely keep your eyes wide open when dealing with altcoins. Novices to crypto trading usually think that the cheapest crypto exchange is the one that offers the lowest transaction fees.
Although this is true in some cases, we still need to consider other important features such as spreads, exchange rates, deposit and withdrawal fees, discounts, etc. Some exchanges apply the maker and taker fee schedule that takes into account your trading volume in the last 30 days. Not only do their fees start at 0. There are different metrics to observe when discussing cryptocurrency exchange but their trading volume is one of the most important.
The larger the volume, the more popular and liquid the exchange is. It means that a lot of traders are relying on the platform and purchasing or trading large amounts of crypto. Exchanges know that traders will be looking into their trading volume which is why instances of market manipulation and wash trading have become more and more common in the industry. Even information on trusted sites like CoinMarketCap should be taken with a pinch of salt.
Coinbase Pro , another popular platform that we recommend for Australian traders, is also among the top five largest crypto exchanges with a daily trading volume of almost million USD.
These numbers tell us a lot about the popularity of crypto trading in general. The fees have to be reasonable and competitive. A popular exchange has high-level security measures and a responsive customer support team. Although there are many traders who are reluctant to disclose their real identity online, the most popular exchanges are usually the ones that perform KYC verification checks as part of the registration routine and comply with AML policies set by financial regulators.
In Australia, the most popular cryptocurrency exchange is Swyftx. According to the Blockchain Transparency Institute and Similarweb, the most-visited exchanges at the moment are Coinbase and Binance. In addition, most crypto trading bots only support the most popular exchanges. A proper trading platform should be very liquid in order to pay current debts and liabilities, and address the order demand of its customers. It should offer a variety of trading tools and features, ranging from basic to advanced, if it wants to cater to the needs of a diverse clientele.
Some trading options that are popular with cryptocurrency traders are margin trading preferably with higher leverage, e. The best crypto trading platform on our list is eToro , a brokerage that apart from crypto trading focuses on ETFs, CFDs, stocks, indices, and commodities as well.
It includes exciting features like the Copy Trade that observes and emulates the trading practices of other traders to help beginners devise their own strategies. When talking about margin trading, Binance definitely takes the cake! On the other hand, this exchange supports investing in futures with up to 50x leverage on returns. There are two levels of security that every single exchange should invest in: platform and account security.