Since the dawn of the blockchain revolution, the regulation of cryptocurrencies and crypto exchanges has evolved dramatically. BitcoinMarket.com, the world’s first cryptocurrency exchange, debuted in 2009 and set the path for today’s leading cryptocurrency exchanges. Finding the right cryptocurrency exchange might be a very difficult task; especially for beginners. Currently, a lot of cryptocurrency exchanges have made their way into Australia. Australian law demands KYCs and AML (Anti Money Laundering) information from the users. In order to save investors from the trouble of finding the right cryptocurrency trading platform all by themselves, we have compiled a list of the best cryptocurrency exchanges in Australia. The list is based on essential user-related factors like methods of deposit, ease of usage, trading fees, customer support, and security.
Top florida sports betting Exchange Australia: List
A few of the top crypto exchanges in Australia are mentioned below:-
Cointree happens to be a cryptocurrency exchange in Australia that allows its users to buy bitcoin along with other coins using local currency. This is quite a well known exchange that has made itself popular as one of Australia’s favorite digital currency platforms. This is widely considered to be the best Australian crypto exchange by many.
Cointree – The Best Crypto Exchange Australia
Pros and Cons of Cointree
|It is a platform that is very easy to use and is extremely beginner friendly. Beginners can buy bitcoin swifty using the platform.||The major problem of Cointree is that it follows a rather lengthy process to verify its users, which might cause some inconvenience to people signing up for the first time.|
|The platform offers enough support for the SMSF investors.||There happen to be some hidden costs on the site that end up getting accumulated.|
|It allows the users to purchase crypto in a recurring manner.|
|There is a mobile application through which users can trade.|
|Using Cointree would enable the users to pay their bills via cryptocurrency.|
The fee structure used by Cointree happens to be a three-tier one. The range varies between 0.5% and 0.9% and etherdepends on the trading volumes. The fees of trading charged on the site can be said to be reasonable for investors who have higher net worth. However, Australian traders who are just getting started on crypto exchange, might not find it as the cheapest option to start.
It is also to be noted that the spread existing between the ask and bid is quite on the higher side in comparison to various other crypto exchanges.
Benefits of Using Cointree
2. Independent Reserve
Independent Reserve, which was launched in Sydney in 2013, is a long-running and extremely trustworthy Australian cryptocurrency exchange with a quicker verification time as compared to other Australian exchanges. New Independent Reserve customers are often confirmed within an hour of registration.
Independent Reserve – Most Trusted florida sports betting Exchange Australia
Pros and Cons of Independent Reserve
|Instant deposits via Osko/PayID, EFT, and SWIFT.||The token range available on Independent Reserve is limited.|
|Funds are held safely in cold storage.||The interface is not as user-friendly for inexperienced traders.|
|The built-in KPMG tax calculator makes it easy to file tax returns.|
|Set up your SMSF and invest in crypto for your retirement.|
Services Offered by Independent Reserve
Independent Reserve Fees
Independent Reserve charges a fee based on the trading volume of the previous 30 days, which starts at 0.5 percent for each transaction. As the trade volume rises, the costs can decrease to as low as 0.02 percent. However, a recalculation is made on this every four hours.
3. Bitcoin Australia
Bitcoin Australia is one of the Australian crypto exchanges that is quite a highly rated one and gives users the opportunity to buy Ethereum and Bitcoin. The site offers a smooth and fast experience to its users even if they are not experienced traders and is quite easy to navigate through. Bitcoin Australia happens to offer a plethora of offline and online payment method options like cash deposit at 1200 florida sports bettingsagents. This makes it a leading cryptocurrency exchange.
Bitcoin Australia – Top Rated Australian Crypto Exchange
Pros and Cons Bitcoin Australia
|The primary advantage of this local exchange is the simplicity of the website which makes it very easy to use. The ordering experience is very straightforward, and this ensures a hassle-free purchase of bitcoins.||One of the problems that one might face while trading cryptocurrencies on Bitcoin is the high fees that the site charges. The fees of Bitcoin Australia range between five to seven percent plus GST, and this is on top of the market rates that it generally charges.|
|Another benefit of this advanced trading platform is that it does not take any custody of the users’ crypto assets. The crypto assets belong only to the user.||Another con of this site is that it sells Bitcoins at around one percent of the rates available in the mid-market.|
|The site also offers many methods of payment, thus making it easier for users to trade instantly.||The selection of choices are really limited on the site. A user can only buy crypto like Ether or Bitcoin and as for selling options, there are only Bitcoins to sell.|
Features of Bitcoin Australia
Bitcoin Australia Fees
The trading fee on Bitcoin Australia is rather high. The site charges its users five to seven percent fees excluding GST on purchase of Bitcoins. The trading fees, however, would depend on the payment method that a user chooses.
4. BTC Markets
Martin Bajalan, a Bitcoin enthusiast, launched BTC Markets in September 2013 in Melbourne, Australia. Bajalan was also one of the nine founding members of the Bitcoin Foundation’s Australian chapter.
The exchange is still privately held, and touts itself as a “Blockchain technology business,” with a management team that has considerable expertise in both IT and financial services sectors. A staff with expertise in software development, cyber security (web and network), payments processing, and the integration of Blockchain technology make up the IT know-how of BTC Markets.
BTC Markets – Best florida sports betting Exchange in Australia
Pros and Cons of BTC Markets
|The trading fees offered by this site are quite low in comparison to other popular Australian crypto exchange sites.||This site allows only six of the large capped cryptocurrencies. This is a drawback as far as digital currency is concerned. Users looking to trade cryptocurrencies over a wide range will be disappointed.|
|Users do not have to provide any amount of deposit to start trading cryptocurrency on the platform.||Margin trading is unavailable on the site.|
|It is a simple platform, therefore making it easy to use for both experienced traders as well as beginners.||Only a fiat currency is supported by the AUD.|
|BTC Markets charges zero withdrawal fees on withdrawals made with cash, and as for crypto withdrawals, the charges are also very low. This makes it one of the most popular exchanges.|
Features of BTC Markets
BTC Markets Fees
The fee offered by the BTC Markets happens to be one of the lowest available in the market. On this site, the trading fee between cryptocurrencies is only .22 percent. Fees for trading volume on the site are: AUD to cryptocurrency transactions up to $500 start at 0.85%. Fees for AUD to crypto trading can be as low as 0.1 percent for transactions of $5 million AUD and more, such as buying $10,000. The fees for the available coins range from $0.01 to $18,000.
CoinJar happens to be one of the longest running crypto-trading platforms available in Australia and has made its presence felt in the international market as well. It is a rather simple exchange for people not having much experience in the crypto field and offers a lot of trading features along with competitive fees.
CoinJar – The Safest & Best Australian Crypto Exchange
Pros and Cons of CoinJar
|The primary benefit of using this crypto trading platform is that it has been in the market for quite some time and has made a reputation for itself.||One of the major drawbacks of this Australian exchange is the complicated interface that some users might find difficult to handle.|
|There are a number of deposit methods available on the site.||The charting features available on the site are really limited and this is another drawback of CoinJar.|
|The site also offers a mobile application to make it easier for the Australian traders to do crypto trades.|
|The number of CoinJar users goes beyond the 40k mark.|
|There are a bunch of crypto materials available on the site that are quite innovative in nature.|
How CoinJar Works?
CoinJar charges its users a flat fee of one percent across all categories of assets so that they can start trading crypto in an instant. The fees on this site have been found to be rather high in comparison to other cryptocurrency exchanges in Australia. Users can choose to use the CoinJar exchange which offers a different sort of fee structure.
Plus500 is quite a renowned name in the field of CFD providers that deal in Forex, Shares, Indices, Options, and ETFs. This regulated exchange is a CFD provider, and offers its trading tools and services to customers throughout the world.
Plus500 – The Largest florida sports betting Exchange Australia
Pros and Cons of Plus500
|This platform is extremely easy to navigate and use as compared to other cryptocurrency trading platforms. This Australian exchange is suitable for beginners as well as more expert traders who want to buy crypto.||There is a limitation of products on Plus500 as users can only deal in CFDs.|
|Another benefit is that the customer support team is always ready to offer help to the users.||The available fees of CFDs are quite average in nature.|
|The process of opening an account is hassle-free and easy.||The research devices available on the site are rather mediocre in nature.|
Features of Plus500
The site offers the majority of its services free of cost. There are no deposit or withdrawal fees that users have to pay. However, the users should note that if the limited number of monthly withdrawals is exceeded, they will be charged a $10 fee.
A conversion fee may be charged if they use an overseas credit card or make a bank transfer. In these instances, the bank, not Plus500, determines the conversion cost. Thus bank transfer or credit card payments are not free. Although, it’s advised to check this link to know the full fee structure of Plus500.
Coinspot is among the best Australian exchanges, especially for beginners in the field of crypto. The dashboard is quite easy to handle and remains clutterfree, making it easier for users to buy cryptocurrencies and digital currencies in a smooth manner.
Coinspot – One of The High-Rated Australian Crypto Exchanges
Pros and Cons of Coinspot
|The greatest benefit of using Coinspot is that it is extremely easy for people who are just beginning to trade in crypto.||Coinspot does not offer a phone or mobile app, which might cause inconvenience to some Australian traders who might prefer to trade from their phones.|
|The company is strongly established and chances of being scammed are near to zero. Other exchanges have been known to be scammed.||The site does not allow margin trading.|
|There are a plethora of available deposit methods to choose from.|
|The site ensures secure exchanges.|
The transaction fees charged on Coinspot depend solely on how the user places orders on the site. The trading fee that a user will be charged to instantly sell cryptocurrency, swap, or buy one is a flat one percent. Overall, the trading costs are designed for novices who want to trade in Bitcoin and cryptocurrencies for the first time using fiat currencies like Australian dollars.
However, for active buyers and cryptocurrency traders, the trading fees are excessively expensive, since the 1% fee will eat into any possible earnings.
Swyftx works as a reliable platform for bitcoin exchange. It is a rather florida sports betting platform with a user base touching 30k where one can buy digital currencies like bitcoin and sell them. Swyftx is a well designed and reliable crypto-trading platform. Swyftx’s mobile app is suitable for both novice and expert traders due to its simple design and ease of use.
Swyftx – Top florida sports betting Exchange Australia
Pros and Cons of Swyftx
|This is among the best exchanges in Australia, Swyftx provides a platform that even novice Australian investors would find very easy to use.||One of the major cons is that the minor foreign exchange fees on cash deposit and withdrawals undermine the overall value for money.|
|The verification process on this site is very swift.||The automatic conversion to fiat currencies like AUD is also another disadvantage that the site has.|
|There is also a mobile application that makes it easier for the users to perform cryptocurrency exchanges.|
|The site also offers fees that are quite low in comparison to the market prices.|
|The facility of averaging the dollar costs is also available on the site.|
Services Offered by Swyftx
The site charges a fee of 0.6% in case of buy and sell deals. There is availability of solid liquidity that allows the users to have spreads from the range of 0.45% and decreased slippage. The fees structure of Swyftx makes it one among the best Australian crypto exchanges.
9. Digital Surge
Digital Surge is good for users who are looking to buy bitcoin. The site offers its users the opportunity to buy bitcoin with the help of fiat currency like AUD, or altcoins amounting to 200+. Digital Surge, based out of Brisbane, is on a quest to make bitcoin usable in everyday life.
The platform, which is designed to be simple to use, lets users deposit fiat currency like Australian dollars (AUD) via bank transfer, such as PayID, OSKO, and POLi Payments, which then can be spent on a variety of over 200 cryptocurrencies.
Digital Surge – Safest Crypto Exchange in Australia
Pros and Cons of Digital Surge
|It offers over two hundred cryptos.||The site does not support transactions made through credit cards.|
|The interface is extremely easy to navigate.||Only supports fiat currency deposits done through the AUD.|
|The site enables two-factor authentication for the users.|
Why Choose Digital Surge?
Digital Surge Fees
The instant selling and buying fee on the site is 0.5%. The exchange rates on the site are quite competitive in comparison with the market price.
These are some of the best platforms available in Australia that would work for both novice and expert traders. This article will get a complete list of the Best Australian crypto exchanges that will help you choose a suitable exchange for buying and selling cryptos.
Which Crypto Exchange Has the Lowest Fees in Australia?
Binance can be named as one of the best crypto exchanges that offers the lowest trading fees to its users.
How to Choose the Best Crypto Exchange?
Choosing the best would require some research on the part of the user and they also need to understand their requirements and then proceed accordingly.
Which Crypto Exchanges Have the Most Coins?
Currently, Binance holds the position of having the most coins.