Best cryptocurrency exchanges in Australia 2023

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. With that said, CMC Markets also supports MT4, should this be your trading platform preference. Or, if you’ve got a bit of trading experience, the provider also offers support for MT4 and cTrader. Either way, Skilling gives you access to more than 800 financial markets in a super cost-effective environment.

In manual trading, the platform will provide you with information and data on the current market and will also notify you of any changes in the market but here the end decision is of the user. In automated trading, Quantum AI trading robot will be the one that would do the trading in your place. Along with advanced strategy technology, Quantum AI also has a time leap feature which helps the software to stay 0.01 seconds ahead of the market. This feature of the software will give you the perfect opportunity to trade before any other software does.

Can the Australian government track your crypto on Exchanges?

For example, some exchanges may not charge for deposits but do incur trading fees much higher than the industry standard. If you trade crypto with fiat money, you should also double-check whether the exchange has listed your local or preferred currency in the available fiat-to-crypto trading pairs. However, the majority offer BTC and the standard selection of the most dominant cryptocurrencies such as Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC). Keep in mind that it’s difficult to find a reliable exchange that supports unpopular and newly-discovered coins, as those are less reliable.

• The interface is intuitive, making it easy for beginners to navigate and execute trades easily.
• The CFDs cover hundreds of crypto-to-fiat (such as ETH/USD) and crypto-to-crypto (such as BTC/XRP) pairs, all of which you can trade with leverage.
• It has also received a number of industry rewards, and is a member of Blockchain Australia and the Australian Digital Commerce Association (ADCA).
• Not only will your commission depend on the asset you wish to trade, but also the account type you are on.

You can also join other traders and copy their trading strategies with the social trading features. It claims to have the fastest trading engine and zero price slippage. Apart from state-of-the-art security measures, Swyftx has the advantage of being Australian-based. – Users can benefit from the proximity of the company’s headquarters and enjoy better customer service. Easy Crypto Australia also supports 100+ different cryptocurrencies, and these include the main ones such as BCH, BTC, ETH, ADA, NEO, and LTC just to name a few.

Australia’s most accessible cryptocurrency exchange

As such, any recommendations or statements do not take into account the financial circumstances, investment objectives, tax implications, or any specific requirements of readers. When covering investment and personal finance stories, we aim to inform our readers rather than recommend specific financial product or asset classes. Download our App and buy, sell and trade Crypto anywhere at any time. Listen to the Tapping into Crypto podcast for the latest trends and opportunities in cryptocurrency. What can I say , the guys at Swyftx were fast to reply , honest and kept my funds safe from other platforms trying to scam me and due to the sec… Trustworthy and very reliable platform with extremely competitive fees.

• For example, if the platform charges $15 to buy stocks, you’ll always pay this fee irrespective of how much you invest.
• Superhero Trading is a platform for trading assets such as Australian and US stocks, ETFs, and commodities.
• The automated system is ideal for people who have no skill or experience in trading and also for people who do not have enough time to spend on crypto trading on their own.

Of the many benefits, Independent Reserve exchange is most well known as a trusted crypto exchange that is geared towards high-net-worth individuals, institutions, and Super Fund investors. For newer traders in Australia, the exchange provides a stable platform to invest in crypto with an easy onboarding process. Depending on the crypto trading pair, the platform works on a spread cost of 1% which is deducted from the trade at the opening of the position. For example, the cost to trade the Bitcoin/AUD pair will incur a spread cost of 1%. The lesser-known altcoins will have a higher spread charge as the trading volume is lower. EToro makes our list of the top crypto platforms due to its demo mode, copy-trading, and social community.

Swyftx Referral Code

Libertex, however, keeps its brokerage offerings as simple and streamlined as possible, in contrast with most of its competitors. This CFD broker covers over 200 markets and focuses primarily on CFD derivative trading. The past performance of digital currencies cannot be compared to the future potential of any digital currency. Bitcoin is know as the original cryptocurrency and currently has the largest market cap of any crypto token.

• Debit/credit cards, e-wallets, and bank transfers are all acceptable ways to fund your account.
• For starters, you need to compare the listed crypto or bitcoin exchanges to find an option that’s best suited to your purpose, experience, and your expectations from crypto trading.
• There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
• Yet, starting off with an advanced trading platform can be rather discouraging for absolute beginners.
• Liquidity refers to the amount of capital a Bitcoin exchange possesses on a particular pair.

Trade with stop losses, take profits and triggered orders on a mobile and desktop-ready modern web-based cryptocurrency exchange. Currently, there are many crypto trading platforms in Australia, but not all of them are created equal. Some have higher fees, lower security, fewer features, or poor customer service. Securing the fourth spot among Australia’s top cryptocurrency exchanges is Bybit.

Coinstash – Best Exchange In Australia For Ease of Use

A massive range of 700+ coins, low trading fees of 0.1%, and plenty of markets and trading options, such as spot trading, margin trading, futures, and P2P marketplace. 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.

• There are hundreds of exchanges in the world but having personally tried each of these exchanges I can say these are the best for Australians based on a range of different factors.
• Some have higher fees, lower security, fewer features, or poor customer service.
• So far, it is one of the best cryptocurrencies with long-term potential.
• There are two modes to do this, the first is by making basic trades, and the second is by making complex trades that include leverage.

One of the key variables we used in evaluating exchanges was the platform’s security measures. Unfortunately, there have been numerous instances in the past where exchanges have been hacked, resulting in the loss of investor tokens, or have simply disappeared altogether. This can be an issue if you prefer to move your crypto to a secure third-party wallet or onto another exchange.

CoinSpot – Good Crypto Exchange for Beginners

In our opinion, we believe the best crypto exchange in Australia is Swyftx. This is based on important user factors such as beginner-friendliness, supported cryptocurrencies, deposit methods, competitive fees, overall trading experience, and excellent customer support. Coinbase makes our list of best exchanges due to its ease of use for beginners. Coinbase is also well-known for being a safe crypto exchange with no reported hacks or compromises of the security systems since its inception. Independent Reserve’s fee starts at 0.5% per transaction and can be reduced to 0.02% based on the past 30 day’s trading volume.

• But, it’s calculated as a percentage, so the more you stake, the more you will pay.
• As a result, more platforms emerge that allow users to trade cryptocurrencies easily.
• Their customer support is a bit lacking compared to the competition, though.
• Even established and reputable exchanges carry some risk, and crypto deposits are not insured by the federal government.
• A cryptocurrency is, in simple terms, a digital currency that can be exchanged for conventional currency.
• DOT holders can participate in the network’s governance and decision-making processes, such as proposing and voting on changes to the protocol.

As a result, Americans can now use the eToro platform to safely and legally buy cryptocurrencies (but not to trade CFDs). EToro accounts usually open in under 10 minutes since the provider can verify your ID automatically. Debit/credit cards, e-wallets, and bank transfers are all acceptable ways to fund your account. An important consideration when using any margin trading platform is to prevent slippage.

CoinJar Cons:

It is difficult to find a crypto trading platform with more coins than MEXC. The exchange doesn’t facilitate trades between buyers and sellers but sells all supported cryptocurrencies from its own inventory. As a result, their platform is very easy to use and allows users to buy the top cryptocurrencies with a variety of payment methods like bank transfer, debit cards, credit cards, etc. Kraken is one of the best crypto trading platforms that offer an intuitive trading platform to execute crypto trading strategies. The company is based in San Francisco after being founded in 2011 by Jesse Powell and officially launched in 2013.

• Read independent reviews and find out about as many user experiences as possible – both positive and negative – to find out what the exchange is doing well and where it could do better.
• With more than 400 crypto exchanges to select in Australia, choosing the best one can be a challenging task.
• Crypto trading platforms are often more difficult to navigate than brokers, but there are some that are beginner-friendly.
• Additionally, before making an investment, remember to take your risk tolerance into account.

While you’re ideally picking an exchange with the lowest costs, dwelling too much on the ins and outs of maker and taker fees can be counterproductive. That’s because you can’t choose whether your order is processed as a maker or a taker. Instead, you’re better served considering – overall fees and any discounts available for trading a certain amount each month or holding an exchange’s native cryptocurrency. Additionally, DEXs reduce counterparty risk by eliminating the need for user funds to pass through a third-party cryptocurrency wallet during trading.

CoinSpot – Best OTC Trading Broker in Australia

Examples include 98% cold storage of all customer funds, safe deposit boxes and vaults around the world, 2 Factor Authentication, and secure coin storage using AES-256 encryption. Due to its Earn and Learn program, Coinbase is an excellent platform for those who are just starting out in the cryptocurrency world. The Learning Rewards feature allows customers to earn free digital currencies by completing online courses. These courses usually come in the form of quizzes or informational videos and require just a few minutes of your time, with a reward of $1 for a specified coin. Users can choose from either the basic or advanced trading interface to conduct their spot trades. Even so, the advanced interface is still suited for novices with its simple buying panel and only two market order types.

• When finding a suitable crypto exchange in Australia, the ease of use is a vital consideration for newer investors that have little to no experience.
• Swyftx also offers its users a user-friendly desktop and app platform.
• It’s handy if you think a certain digital currency is overvalued and wish to take advantage of it.
• Moreover, Binance has removed the trading fees on several Bitcoin pairs resulting in zero-fee crypto trading.
• All in all, these fees are very economical and comparable to other altcoin exchanges of similar reputation.
• Thus, we emphasize the importance of signing up for a crypto trading platform that offers a range of account protections and safety nets.

The way that fees are charges can vary, so check out the following sections to gain an understanding as to what costs you might need to factor in. ANZ investment accounts allow you to monitor your balance and transfer funds to or from other ANZ accounts. However, ANZ’s mobile app does not allow you to view technical charts or place trades. Supported stock CFD markets include Australia, South Africa, the US, the UK, Germany, France, and more. On top of offering low fees and a huge CFD asset library, Plus500 is also popular with traders that seek leverage. Although the platform comes packed with real-time pricing charts and several order types, Plus500 is a bit weak when it comes to technical analysis.

eToro – The Best Platform to Buy Crypto Overall

The opinions expressed in this blog do not constitute investment advice and independent financial advice should be sought where appropriate. Despite being a global crypto exchange, Kraken provides a simplistic and quick onboarding process that can be completed in minutes. There are three required account tiers to choose from, however, you will be best served with the Intermediate tier since it allows you to transfer money from your Australian bank account. Another feature that is not offered by local exchanges is Kraken’s support for Proof-of-Stake (PoS) coins and tokens.

Helping Aussies understand and navigate the crypto industry through creating detailed guides, reviews, and comparisons. When searching for the best bitcoin app in Australia, we would recommend checking out Swyftx or Coinspot, as they both have fantastic apps. They started in Las Vegas, relocated a few times, now have their base in Liechtenstein, and have rebranded the platform to Bittrex Global. Finally, something to keep in mind with eToro is the way their daily fees work — you can find all the fees on their website. Note that they have an inactivity fee of $10/month if you don’t log in for over 12 months. Moreover, IR uses offline, multi-layer encryption for your funds and stores them in cold storage, i.e., offline digital hardware storage devices kept in secure vaults in different locations.