Oct 27, · Bitcoin took the world by storm as it rocketed from obscurity to nearly $20, in value per coin in The cryptocurrency markets have calmed down a bit since that record high, but many Bitcoin evangelists still claim Bitcoin to be the currency of the future. Follow along to learn more about how Bitcoin works and the best places to. Dec 20, · Digital Surge is one of the smaller Australian Cryptocurrency exchanges but they provide an excellent service. Currently they only support Bitcoin which is one of the main disadvantages to the platform. However, if you are looking for a quick and simple way to buy Bitcoin then Digital Surge is 5/5(15). Coinbase remains the single best way to purchase Bitcoin and other cryptocurrencies in Australia. Boasting native trading pairs in AUD, novice investors can purchase Bitcoin instantly with just a debit card. More experienced traders can head on over to Coinbase Pro for more options.
Best bitcoin market australia9 Exchanges to Buy Bitcoin & Crypto in Australia ()
But adding in free Bitcoin buying and selling puts the Cash app near the top of the places to buy Bitcoin list. The Cash app comes from Square, the company that makes those mobile credit card readers. Square is a huge financial technology company that includes many other services. Bitcoin is just a small piece of what they do.
But with no fees, the price is right. But if you do want to send your coins to another wallet, Square does offer that feature. Binance charges very low fees at just. While this is platform offers a huge range of currencies at a low cost, there are some bugs reported with the Android mobile app, and some users have reported delays withdrawing certain currencies.
Binance is not insured, which may be a major concern to some, particularly after some irregular trades were detected and reversed in March Coinbase Pro formerly known as GDAX is a serious trading platform with screens that look familiar to those who use Bloomberg terminals or active stock, commodity and option trading platforms.
It charges fees ranging from 0. If you want to try Coinbase but with much higher volume, this platform is the way to go. Coinmama is an all-in-one exchange and digital wallet that makes it easy to buy Bitcoin and a limited list of additional currencies in U. Dollars or Euros. The site claims more than 2 million customers in countries. One of the easy features lets you buy Bitcoin in just a few clicks from the homepage. While the exchange offers great real-time transactions, it does charge higher fees than some others on this list—there's a 3.
Rather than buying and selling on the open market, Coinmama funds user trades from its own holdings, adding a little extra security compared to some open market platforms. There is no mobile app, but the website is very high quality.
Coinmama is a registered money business in the United States, giving it additional legitimacy and recognition above some competitors. Bitcoin is a digital currency, or cryptocurrency, that is created, distributed, and kept through blockchain, a decentralized ledger system that aims to lower the costs of making payments.
Bitcoin was the first ever cryptocurrency and has carried the largest value of any digital currency since the invention of blockchain.
Bitcoin traders sell through platforms that will provide a digital wallet for you to buy and store your Bitcoin. Such a platform serves as an exchange that anonymously matches up buyers and sellers and completes transactions.
Your digital wallet allows you to use other traditional financial resources, such as your debit card or bank account, to complete the purchase of Bitcoin. Another option is to use a peer-to-peer exchange service that connects buyers and sellers to make their own transactions via the platform, with both parties being able to see and speak to each other.
The value of Bitcoin fluctuates based on what people are willing to pay for the currency, just like many other investments or assets. Our suggestion would be to pick one exchange which works for you and stick with it, it will make your life much easier. The alternative would be keeping cryptocurrencies on different exchanges which is hard to keep track of.
Find out more information on our rating process. 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. The currency is stored in cold-storage, with only 0.
Even the cold-wallets are protected, and require high-level manual access from the team to be transferred anywhere else! As far as interface or customization is concerned, they not only offer some of the best looking dashboards, but they can be completely customized from your end as well! And obviously their API is advanced enough for you integrate with any of your custom made tools to monitor pre-made charts, create your own charts, edit orders automatically or anything else based on your skills and creativity.
Fee structure is based on the Maker-Taker model. It starts with a 0. LakeBTC is best known for its security measures and transaction fee, which equally competes with the fee of any other large Bitcoin trader in the industry since its early days.
The other feature worth pointing out is its huge currency support! They use a trader-maker model by default, where the taker pays 0. And it grows up to a mark of 0.
BitStamp is another giant in the line of facilitating Bitcoin trading in the Bitcoin market with an average day trade volume of , meaning lower Bitcoin prices and bulk buying opportunities for you!
As far as processing fee goes, it has a very simple calculation to that. The lowest mark being 0. Also, I personally love the security, it uses two-factor authentication just like any other security conscious Bitcoin market, in addition to its PGP and GPG encryption algorithms. Meaning all new deposits will be stored in an environment which is completely isolated from any online system. It uses two other kinds of Bitcoin wallets , semi-cold and hot to store currencies for different purposes.
ItBit Trust has quite a number of factors why it can be trusted and is one of the first names in the Bitcoin market these days. Secondly, its board of directors have been known to wield extreme power themselves, ranging from ex-US Senators to the chairman of the FDIC.
The taker has to pay 0. As far as trade volume is concerned, it is 4, BTC-E is one of the major Bitcoin trading platform in the industry. So much so that it holds a majority of trade percentage in the total global BTC trade, which was 2.
It allows withdrawal via some of the most common and popular payment portals, including Paypal, Webmoney, Perfectmoney, and Ukash! And not just that, other cryptocurrencies like Namecoin and Litecoin are accepted as well. It also has a chatroom for buyers and sellers to interact so if you feel lost you can always get almost instant support from others without needing to get the support team involved.
Without a doubt, it offers two-factor authentication for an extra security layer on your account. The transaction fee is 0. As the USD is charged as 0. BitQuick too is a platform where you can find real people to interact with, and can buy or sell Bitcoins directly to them. BitQuick acts as an escrow service between you and your other side, regardless of them being a buyer or a seller.
But obviously you get more options as you can use any option even outside BitQuick to complete your transaction.
On an average, coins get reflected in your account within minutes on a maximum although a 3 hour grace period is officially demanded! The primary benefit we as users get on DigiFinex is its anonymity. However, KYC verification is available. The fee is based on the Maker-Taker model as is the tradition in most cases. The lowest possible fee is — 0.
The takers pay a 0. Deposits can be made using Cryptocurrencies directly, or using a Credit Card. Obviously depositing Cryptocurrencies is free, Credit Card deposits on the other hand are charged at 4. Not many other security features are available either, except 2-FA.
Margin trading too is available although get involved at your own risk.