Best cryptocurrency exchanges in Australia 2023

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Though the options we have named offer adequate security, Swyftx takes the crown for the safest crypto exchange in Australia. This allows you to enjoy better customer support and have all your concerns promptly attended to. Out of the crypto exchanges we have listed above, Binance is by far the biggest. This is due to the platform’s large trading volume, expansive market reach, and high liquidity.

For a locally owned and operated cryptocurrency exchange, Swyftx provides great value for money. For starters, you can deposit and withdraw cash to and from your account for free. Its trading fee of 0.6% is on par with other local crypto platforms such as Digital Surge and Independent Reserve (both 0.5%). With so many options to choose from, it can be difficult for you to decide on which Australian cryptocurrency exchange to put your money in.

Instant deposits

View detailed “how to” guides and instructions on navigating the Swyftx platform and using specific features. Utilise technical indicators and tools to track and analyse your preferred assets with our TradingView charts. Set up recurring deposits and have orders automatically trigger across a range of assets.

• Exchange sites with multiple withdrawal and deposit methods are generally more convenient.
• Experienced traders can benefit from real-time price data and integrated charts to facilitate more advanced trading strategies.
• This top-rated CFD trading platform is also very competitive in terms of fees.
• The best trading platforms offer several risk management tools, such as stop-loss orders.

Then, with a minimum stake of just $25, you can make a deposit using your debit/credit card or e-wallet. We found some crypto trading platforms that offered a less than favorable user experience during our search for the best platforms on the market. Occasionally, we had trouble finding our preferred marketplace due to a lack of a fully functioning search tool.

AvaTrade – Trusted Australian Broker with MT4/5

It makes it here because we feel you would probably like the many passive income-generating avenues it presents to all its users. While using PancakeSwap, you get to earn by contributing liquidity, crypto mining, yield farming, and even staking. But the crypto earning solutions provided by Crypto.com aren’t the only factors that informed our decision to feature eToro among the best places to buy Bitcoin in Australia. It also makes it here because it is a multi-platform exchange – available on both the desktop browser and a feature-rich mobile trading app. You can buy Bitcoin and other crypto on KuCoin through a p2p platform, third-party platforms such as Simplex, or by simply converting one crypto to another at zero fees. We were, however, more drawn to KuCoin by its ‘Fast Trade’ option that lets you buy crypto in one click.

• Although the interface is a bit outdated, it still performs and is highly functional.
• Some platforms may offer more competitive buy-sell spreads than others, and less traded shares, such as FTSE Small Cap companies, typically have wider spreads than FTSE 100 companies.
• EToro offers a demo account facility that is pre-loaded with $100,000 and there is no requirement to make a deposit to gain access.
• 75.3% of retail investor accounts lose money when trading CFDs with this provider.
• Finding the best crypto exchange in Australia can be tricky these days, as there are so many options to choose from.

Overall, Binance, Coinbase, and eToro are some of the best platforms for trading bitcoin in Australia. These platforms are user-friendly, have low fees, and have a wide range of cryptocurrencies available. Each platform has its own unique features and it’s important to research and compare different options before deciding which one to use.

How to Choose a Crypto Exchange

Although fast and secure, the downside is the expensive debit card fees of 3.99%. This is a high cost of entry for new investors that wants to buy crypto with AUD. The exchange has revolutionized the digital currency environment by providing a simple platform for beginners to buy and sell digital coins such as Bitcoin and Ethereum. As a result of its basic interface, it is an exchange utilized by many investors that are looking to build their first cryptocurrency portfolio.

Bybit outshines other platforms when it comes to derivatives trading in Australia, primarily due to its deep liquidity and competitively low fees on over 770 crypto assets. These attributes have catapulted Bybit into the league of top contenders, trailing closely behind market leaders like CoinSpot. This competitive edge in the derivatives trading space has ensured Bybit’s position as a favourite among Australian crypto traders, reinforcing its appeal and standing in this competitive market. The platform sets itself apart with cutting-edge social trading features, such as Copy Trading, and a Virtual Account that allows users to sharpen their skills with AUD 100K in demo funds. If you are looking to invest in assets like stocks or ETFs, then the best online trading platforms Australia usually charge a fixed commission.

Bybit – Best for Experienced and Advanced Traders

What some traders may be looking for, however, is access to international trade markets as well. This may only be access to US markets–such as Nasdaq and the NYSE–or any number of markets around the world. Some platforms have access to hundreds while some only have access to a few international markets–or none at all.

• I really feel like Swyftx goes out of its way to make sure you are getting what you need so when you sign up, you are assigned an account manager who will help you out with any questions you have.
• The best choice for beginners investing in cryptocurrency for the first time is a fiat-to-crypto service or crypto broker such as Swyftx.
• The exchange has never been hacked or compromised and has ISO certification.
• Additionally, Coinbase offers several less popular digital currencies, including but not limited to Band, Maker, Graph, and NuCypher.
• You also can’t access live pricing data unless you sign up for a more premium account, and cryptocurrency trading is not available to Australian customers.
• As the provider does not charge any maintenance fees, you can keep hold of your investment for as long as you wish.

The benefit of CRO is that it allows you to put it in a position to cut down on the cost of trading and earn rewards. Additionally, it can offer cashback on purchases using the Visa debit card. Independent Reserve has been around for quite a time now, serving over 200,000 users since 2013. For me, it has remained one of the most trustworthy marketplaces in Australia, which should be a key factor amid the multitude of fly-by-night virtual businesses popping up every day. If you are having issues regarding Bybit, or have any issues with Bybit do not worry, as they offer a live chat support service that is available to assist you at any time of the day. In the case of derivatives, the cost ranges from 0.1 percent to 0.06 percent.

yPredict ($YPRED) – Top-Rated Utility Token of AI Integrated Trading Platform

As a result, more platforms emerge that allow users to trade cryptocurrencies easily. Additionally, the general public has become more aware of the benefits cryptocurrencies immediate edge offer, making them a more attractive investment and a speculative asset. There are many reasons you should consider first buying crypto, which is discussed in detail below.

• What some traders may be looking for, however, is access to international trade markets as well.
• The tracking depends on the information that the exchanges provide to the authorities.
• This could be problematic if you are an advanced day or swing trader, as there is no support for MT4, MT5, or any third-party platform for that matter.
• The largest DIY trading platforms, including Hargreaves Lansdown, interactive investor and AJ Bell, continue to dominate the market.

The platform is known to be one of the easiest and most secure ways to buy, sell, and store digital currencies like bitcoin, ethereum, Litecoin and many more. Additionally, the platform offers a feature called Coinbase Pro, a more advanced trading platform for experienced traders. It offers more trading options, such as limit and stop orders, and lower fees for users who trade higher volumes.

Crypto Exchange Fees

Some of the factors informing this decision include its beginner-friendliness, intuitive interface, range of supported crypto, and support for copy trading. Use the trading tab that pops up to customize this investment by indicating the number of cryptocurrencies you wish to buy or the amount of cash you wish to invest. In addition to this convenience, the KuCoin exchange is rigged with several other attractive features that make it appealing to both beginner and expert crypto traders. For starters, you get to trade both crypto spot and derivatives on KuCoin. They could also have been drawn in to the top crypto exchange Australia because of its commitment to security and safety of client funds and data.

• The app has all features, including margin trading, leverage market, trading bots, and spot trading for instant buying.
• Some of the best features of Cointree include its simple and elegant user interface, low trading fees between 0.5% and 0.9%, OTC desk, and support for Australian Super Fund investors.
• The KYC (Know Your Customer) process has to be completed before you can trade on eToro since they are a regulated platform.
• CoinStash was specifically designed to cater to crypto beginners and novices in Australia.
• This fee is fixed, unlike some stockbrokers that increase their fees when you buy more.

Here is an overview of what many in the crypto investing community consider the top crypto trading platforms in Australia in 2023. In its simplest form, a trading platform provides software for investors to make their trades online, although many offer telephone and app-based dealing in addition to this. Investors are also able to view their investments in real-time, enabling them to monitor their portfolio and make investment decisions.

What is the Best Australian Crypto Exchange for Beginners?

Cryptocurrency trading can be highly profitable, but the first step is choosing the right exchange platform. Ensure you consider factors such as security, customer support, trading fees, and cryptocurrency selection. Cryptocurrency prices are extremely volatile, and mobile apps protect you from missing out on trades by allowing you to conveniently trade – on the go. Coinbase was launched in 2014 and is one of the best crypto exchanges in Australia. Even though its headquarters are in Fransisco, it’s fully compliant with Australian rules and regulations. Swyftx has accumulated an impressive customer base of over 600,000 Australians, which is partly due to the high quality of its services and features.

• They recently launched the Binance Coin, and all BNB token holders are offered massive discounts on their trades.
• There has to be a mechanism that prevents cryptocurrencies from becoming highly inflationary assets due to their unlimited supply since cryptocurrencies are usually mined or listed through an ICO.
• This might have made you think about what exactly is automated trading and manual trading.

Bybit takes the title of the #1 best crypto exchange in Australia, and the main reasons are because it has low fees, a wide range of 280+ cryptocurrencies, and numerous trading options available. I find that Bybit is easy for beginners to use, yet has plenty of features that advanced users desire such as spot trading, margin trading, and futures trading. With 24/7 Live Chat support, a user-friendly interface, and industry-leading security, you can’t go wrong with Bybit. If you would like to sign up to Bybit, use my unique link here to receive $10 FREE BTC when you deposit at least $100. We’ve reviewed over 100 crypto exchanges comparing a huge range of factors.

How Do I Choose a Crypto Exchange in Australia?

Bitcoin mining, for example, has slowed over the years, and the rate at which it can be mined has also decreased. By this rate, Bitcoin’s supply cap will be reached in 2140, after which new Bitcoins will no longer be mined. The deflationary nature of cryptocurrencies allows users to stop worrying about inflation. Additionally, Bitcoins and other cryptocurrencies are considered a hedge against inflation instead of gold, the standard hedge.

• However, there is no option for a bank transfer which is problematic for selling Bitcoin into AUD and withdrawing the funds.
• In terms of market capitalization, this cryptocurrency is currently ranked 11th.
• For example, the CMC Markets in-house platform covers dozens of technical indicators, the ability to customize your trading screen, and plenty of chart drawing tools.
• The low trading fees are suited to experienced traders, high-net-worth individuals, and SMSF investors with large sums of money to invest to obtain a lower crypto trading fee.
• In exchange, they receive carbon credits that are stored within the C+Charge app.

It offers a secure and reliable trading environment, with no record of significant hacks to date. The platform provides customers with a variety of trading tools that cater to both beginner and advanced investors in the crypto space. Centralized crypto exchanges work as regular entities under government-issued security AML/CFT practices. These – regulatory procedures impose an obligatory KYC verification for every new user on the crypto trading platform. It’s true, revealing such an amount of personal information and documents can be really intimidating at times. Cryptocurrency investing has become increasingly popular in recent years, coinciding with cryptocurrency prices.