Established in , Independent Reserve is one of the most trusted exchanges in Australia & New Zealand. It caters to retail users, traders, SMSFs and institutions. You can buy Bitcoin using EFT, Osko/PayID, POLi and SWIFT. They use encrypted, geo-dispersed data centres and top tier underground vaults to protect your data and crypto. Oct 27, · You can buy and sell Bitcoin and other digital currencies completely fee-free on this platform. Robinhood supports cryptocurrency trades and market data right in its mobile app. Your coins are stored in the same Robinhood account you use for your stocks and share a login. May 06, · eToro (official website) is the world’s leading platform for investing in Bitcoin and other cryptocurrency. Operating worldwide, even in the United States, eToro allows everyone to buy and sell Bitcoins and cryptocurrencies, from home and with even a minimal investment.
Best platform to buy and sell bitcoin in australiaCompare the best Bitcoin Trading Australia brokers in !
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. Account security, on the other hand, refers to safety features like two-factor authentication, confirmation emails, withdrawal address whitelist, and other lock settings for utmost protection. Users can activate multi-factor authentication and store their funds in their native wallet.
Even though most popular traditional exchanges require their users to perform a KYC check and provide a government-issued ID to verify their identity before they start trading, plain crypto to crypto trading can be done without ID if you know the right exchanges. The most widely-used exchanges that require no ID are decentralized or peer to peer exchanges such as Paxful and LocalBitcoins.
Both platforms are Bitcoin exchanges that connect buyers and sellers and let them agree on the trade among themselves. Paxful also has the option to buy cryptocurrency using PayPal which is popular among many users. If you want to purchase cryptocurrencies using cash, you can choose between using a Bitcoin ATM, making a trade on a peer to peer exchange, or using an exchange that allows you to purchase crypto with vouchers or prepaid cards.
This is probably the easiest way to trade, but the least engaged as you look upon it as a long term investment. Trend Trading — this is where you take a trading position that mathes the current market trend. I the market is trending up bullish over time then you would go long buy , however if the market was trending down bearish then you would go short. When the trend starts to look to change you would look to close your position, bank the profit and reopen reflecting the current trend bull or bear.
Day trading — means just that, trading the rise and fall of the price over a single trading day. This is the most intensive type of trading as you take advantage of the short term price movements. Hedging — this is where you take a longer term trade position and mitigate any exposure by open a trade in the opposing position to the one you already have open.
This means you can cover potential losses in the shorter term as the market goes against your longer term trading. Another part of a Bitcoin trading strategy should involve analysing the market to identify trends. All the trading platforms we list have very powerful charting coupled with news feed.
Candlestick charts represent a very powerful technical analysis tool that can help you trend the market direction. Every Bitcoin trading strategy should include some form of risk management, such as a Stop Loss order. All the Bitcoin trading Australia platforms we have listed include this functionality. You should also look to place a Take Profit order to make sure you maximise your profits of any trade. Bitcoin Trading Australia Contents. Please rate this Rate 1 to 5.
All Rights Reserved. Your Capital is at risk. There you can both buy and sell your bitcoins, as well as invest in them. One of the most highly rated peer-to-peer sites for investing in Bitcoin, Paxful has thousands of users from all over the world. The process is very simple — you only need to select your preferred payment method and the number of coins you want to buy.
As an open-source application, Bisq is quite flexible. It is also the fastest way to getting your hands on some Bitcoins that can be found online. In addition, Bisq is safe, intuitive and can be used without having to complete any kind of registration process. With this platform, you can remain anonymous in all your financial transactions. Most trusted bitcoin investment sites.
Get Bitcoins without Mining. Best Cryptocurrencies. Best Games to Earn Bitcoin. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.