Bitcoin Trading Australia Platform The above brokers are essentially the best Bitcoin trading platform for Australian residents. they have ground based offices and are ASIC regulated. ASIC is the main financial regulator in Australia and is very important so you can protect your money when trading. 11 rows · Dec 08, · Bybit. Bybit is a derivatives cryptocurrency exchange platform that is 5/5. Buy Bitcoin. Established in , CoinJar is the easiest way to buy, sell, store and spend digital currency. CoinJar's iOS and Android apps allow users to trade cryptocurrencies on the go, while CoinJar Exchange and CoinJar OTC Trading Desk cater for professional traders, as well as SMSF, individuals and institutions looking to make larger transactions.
Best bitcoin trading site australiaBest cryptocurrency exchanges in Australia [50+ compared] | Finder
Being able to trade on the price movements in either direction opens up a world of possibilities. Owning Bitcoin is the dream, however the days of becoming an overnight millionaire are long gone due to the market price of Bitcoin today. Unless you have hundreds of thousands of dollars to invest, us regular folk will find it tricky to invest enough to really make any difference.
This is where a trading broker rather than an exchange comes in. Fees to trade are comparable to an exchange however the fact that you can trade the price in either direction is the key benefit. Large price swings mean the traders can create large profits daily. The Bitcoin trading Australia platforms we list are not only the most secure for transacting on, but also highly regulated and trusted in the industry, giving you the peace of mind that your money is secure. Ok, so whats the difference between actually owning Bitcoin vs trading Bitcoin.
As Bitcoin prices have risen and fallen a lot over in the past year, many everyday traders have taken advantage of the market volatility without having to actually own any Bitcoin.
When you buy actual Bitcoin, there is the hassle of having to open and manage a digital wallet which is separate , as well as the fact that you can only profit if the price of Bitcoin rises in the future. So what if it goes down, well if it does, then you will lose money and it goes up and down, a lot.
When you trade Bitcoin however, you can profit from both the rising and falling Bitcoin prices without having to actually own any Bitcoin. By speculating on the price movements, you can profit from shorter term price volatility, rather than holding onto Bitcoin for the longer term.
The above brokers are essentially the best Bitcoin trading platform for Australian residents. ASIC is the main financial regulator in Australia and is very important so you can protect your money when trading. The Bitcoin trading platform performance and ease of use is key to making your trading successful.
All of these Bitcoin Trading platforms all have state-of-the-art interfaces which you can monitor your trades in real-time on your desktop or mobile device via their intuitive apps. Both buying Bitcoin and Bitcoin trading have advantages and disadvantages just like any other form of financial speculation.
Bitcoin trading Australia is performed via a CFD. CFD means Contract For Difference, which is the product you use to trade Bitcoin on one of the preferred platforms above. Crypto prices are fairly volatile vs normal stocks and currencies, making the price swing, even in a single trading day. You will then profit from any increase from the price you executed the trade at.
If the price goes down, you will profit from any decrease from the price you executed the trade at. Another key point is that, because Bitcoin has become so expensive, when you buy the Cryptocurrency using a digital wallet, it can tie up a great deal of your capital.
Deciding whether or not to trade Bitcoin online depends on what your financial goals are. Some of the reasons that Australian investors trade Bitcoin include:. All trading involves fees and are mostly made up of transaction fees and overnight financing.
These trading fees cover the use of the platform and are known as the spread. 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. Platform security demands from the exchange to obtain a license and comply with the regulations set by a financial authority in relation to their Anti-Money Laundering AML and Combatting the Financing of Terrorism CFT policies.
An exchange that has high-level platform security uses strong data encryption and cold storage for the customer and operational funds.