For investors, there is an excellent selection of premium products, services, and features such as Binance Earn. In addition, Binance rewards new users with a bonus of up to $100 for – free using a referral code for Binance. Binance is trusted by 1 million Australians at the time of writing, making it the second-largest crypto exchange in Australia behind CoinSpot.

Its standout staking services offer clients the chance to earn up to 24% in rewards annually, with both flexible and bonded options available for a broad range of assets. Complementing this, Kraken Pro, the platform’s professional trading environment, offers low spreads, deep liquidity, and high rate limits, complete with a mobile app for trading on the move. If you’re just getting started with cryptocurrency trading, the entire process can be complex and overwhelming, which is why you should go for a site that’s beginner-friendly. Expert traders, on the other hand, are mostly drawn to platforms with advanced trading tools and multiple trading pairs. Established in 2011, Kraken is one of the longest-serving and largest cryptocurrency exchanges with over 9 million clients worldwide. Some of Coinjar’s more prominent features include the ease at which you can buy the major coins and tokens with cash, crypto bundles, and the multi-token wallet to secure your crypto.

What is the safest crypto exchange in Australia?

Launchpad XYZ is a new Web3 platform created to be the home of digital assets. It is hosted on the Ethereum blockchain, integrating features that include an NFT decentralized exchange (DEX), decentralized assets, and a crypto marketplace, amongst others. The impressive features of this platform make it an “everything in one place” space. True to this, after a successful presale that recorded 17 million in sales, $WSM is currently listed on some of the world’s major cryptocurrency exchange platforms.

• As for fiat currencies, you can deposit and withdraw USD, GBP, JPY, and EUR.
• Additionally, CoinJar is known for its secure custody, customer support, and customizable layouts and interfaces.
• It has a highly developed and sophisticated margin trading system for Australian traders.
• Experienced traders will love using Bybit for their advanced charts, technical tools, and trading options like margin trading, with up to 100x leverage.

It is not intended as investment or financial advice and should not be relied on as such. Before making any financial commitment you should seek professional advice from a qualified investment or financial adviser. Any exchanges we list on our pages should be diligently researched, we list exchanges based on public information at the time. Exchanges have been known to suddenly collapse and we highly recommend keeping any cryptocurrencies you own on a cold wallet.

Top 10 Crypto Margin Trading Platforms In Australia

EToro, for example, offers trading guides and videos, as well as podcasts, webinars, and social trading features. EToro’s ‘Facebook-like’ platform allows you to communicate with other traders. The best cryptocurrency trading platforms provide fundamental and technical analysis tools in research. The majority of first-time cryptocurrency investors invest for the long term. Therefore, it is best to choose a trading platform that offers sophisticated tools if you are a day trader or swing trader. Leverage is available on cryptocurrency exchanges such as eToro and Kraken.

• However, among the disadvantages are that you have to beware of scammers and it is more difficult to purchase larger amounts of Bitcoin compared to larger exchanges.
• The Fight Out app leverages advanced technology to track users’ workouts and incentivize them based on their effort, progress, and the type of exercise they participate in.
• From the perspective of an Australian-based user, I really liked that the exchange accepts a range of payment methods such as EFT (bank transfer), Osko, SWIFT, PayID, POLi, etc.
• Since its establishment in 2013, CoinSpot has not suffered any security breaches.

There have been an increasing number of cryptocurrency exchanges come online in recent years, but which ones are the best? In Australia, there are a variety of exchanges you could use but to help make your choice easier, here is a guide on what we think are the top 10 Bitcoin trading sites in Australia. The tracking depends on the information that the exchanges provide to the authorities. This means that they must collect and verify the identity of their customers. Yes, crypto exchanges are legal in Australia as long as they comply with the relevant laws and regulations.

Pros and Cons of Using a Crypto Exchange

This exchange has over 660,000 customers and a 4.7/5 rating on Trustpilot. Swyftx says it is one of Australia’s most trusted crypto exchanges and has an official deal with AUD withdrawals and deposits. In general, crypto exchanges have a history of unresolved hacker attacks – resulting in permanent losses of millions of dollars. That’s why you’ll need to consider the total cost and find something that is worth the money. For example, some exchanges may not charge for deposits but do incur trading fees much higher than the industry standard.

• The best exchanges feature educational offerings to keep you up to date on all things crypto.
• Surprisingly enough, their fees are pretty good (against what I got using the platform) and go up to 0.26%.
• Also, investors who buy during the presale will receive a 300% token bonus.
• Learn how to evaluate cryptocurrencies, and tell the difference between legitimate coins and cons.
• This means that beginners don’t have to worry about exchanging fiat into crypto on other platforms anymore.

ByBit offers a very advanced trading platform powered by TradingView charts, with hundreds of built-in indicators and drawing tools. The price charts offer a wide range of time frames and tools to draw trend lines, add indicators, and chart patterns. There is the ability to set a take profit/loss orders directly with one-click charts which is an excellent feature for managing trades. Overall, Binance makes our list of the best crypto exchanges in Australia due to its range of financial and crypto services, zero-fee AUD deposits and withdrawals, low fees, and futures trading.

Which platform is best for Bitcoin trading?

These include futures contracts, inverse futures contracts, leveraged tokens, inverse contracts, and options trading. In addition, ByBit has world-class liquidity which is a major benefit for high-net-worth and experienced traders. This keeps spreads and slippage to a minimum, which complements the extremely competitive fees that start from 0.06% (maker) and 0.01% (taker). In short, ByBit is a great choice for experienced crypto leverage traders in Australia that are familiar with derivatives trading. Swyftx is an AUSTRAC-registered Australian cryptocurrency trading platform that is registered with the financially regulated ASIC.

However, USDT remains one of the most widely used stablecoins in the cryptocurrency market. People worldwide look to invest in cryptocurrencies as the latest popular asset class. Cryptocurrencies have shown exponential growth over the past few years, outpacing other asset classes, making them a popular choice for investors seeking quick gains.

Coinstash – Best Exchange In Australia For Ease of Use

Some other platforms require you to have your own external wallet at the time of purchase, and any crypto you buy is sent straight there. You also need to take into account the spread, when comparing crypto exchanges. This is the difference between the buy and sell prices of a cryptocurrency that you are purchasing. Some exchanges have wider spreads, which effectively increases the fee you pay per transaction. Security is a paramount concern when talking about cryptocurrencies, and you would have heard of many security breaches over the years, even of large crypto exchanges.

• Overall, this is a great app if you’re looking to trade US and Australian stocks with low spreads.
• People say that CoinJar is very easy to use as it has a clean interface, making it simpler for beginners.
• The platform uses BitGo and Fireblocks, two leading cryptocurrency custody providers, and always maintains full currency reserves.

We based our choice on the platform’s extensive list of support cryptocurrencies, high-level security methods, reasonable fees, and the overall user experience. Otherwise, if you want to trade crypto coins you already possess against other cryptocurrencies (BTC to ETH, for example), then find a trading platform that offers direct crypto-to-crypto swaps. I was happy to see that they also have a lot of alternative deposit methods like PayPal, apart from credit/debit cards and bank transfers. They started as a crypto-to-crypto only exchange but now accept over 20 different fiat currencies, which is always a plus if you ask me. So they now support 4 fiat currencies (AUD, USD, EUR, GBP) for trading and 3 currencies for withdrawals and deposits (AUD, EUR, GBP).

Which crypto exchange in Australia has the lowest fees?

There are a variety of trading platforms available at ANZ, which makes it unique. Standard trading at ANZ enables long-term investors to access charts, market news, watchlists, etc. In addition to Morningstar’s dynamic stock data and quantitative analysis, the Pro trading platform offers advanced features for active traders.

• EToro also has a demo account feature that comes with $100,000 of virtual money.
• The most important thing is that when you use a crypto trading platform with high liquidity levels, you will always find a buyer when you plan to exit a position.
• It also has features like Binance Earn, Binance NFT marketplace, Binance Pay, and Launchpad.
• This is the difference between the buy and sell prices of a cryptocurrency that you are purchasing.
• Using Coin Loft can be beneficial in various ways – when you purchase Bitcoin with cash, your coins will be delivered within an hour.

It has also received a number of industry rewards, and is a member of Blockchain Australia and the Australian Digital Commerce Association (ADCA). Disclaimer – Information found on our website is not a recommendation or financial advice. Our website and marketing collateral use reference rates as an indicator only and should not be used for decision making. Patrick McGimpsey is a freelance writer performance passionate about crypto and its impact on the financial world. Currently working as the content lead for Australian startup CryptoTaxCalculator, Patrick has also covered the crypto industry for Canstar and The Chainsaw. Patrick has over seven years of experience in the crypto space and has previously shared his knowledge with the AML and fraud departments of Australian financial Institutions.

Copy Trading

KuCoin is an extremely popular exchange around the world, with over 20 million users, and this is because it offers so much to advanced crypto traders. 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.

• Finally, Skilling may be relatively new in the online trading scene – but it is heavily regulated nonetheless.
• Love Hate Inu is the newest addition that rewards users for voting in pools about trending issues and topics.
• Etoro supports more than 126 cryptocurrencies and and 10 fiat currencies in Australia.
• There is no one-size-fits-all answer to the question of which crypto exchange is the safest.
• Then, with a minimum stake of just $25, you can make a deposit using your debit/credit card or e-wallet.

There are trading-based volume incentives on activity in the past 30 days for all cryptocurrency pairs. Traders are incentivized to engage with the market with low trading fees to provide liquidity. As for the trading fees, CoinSpot isn’t the cheapest Australian exchange. There is a 1% fee when using the instant buy and sell feature which is considerably more expensive compared to other exchanges like Swyftx (0.6%) and Binance (0.1%). There is the option to pay 0.1% per trade using the CoinSpot exchange, although it is not suitable for beginners and is difficult to use. Binance Australia allows investors to instantly deposit and withdraw using AUD via PayID/Osko (NPP payments), which is supported by over 100 Australian banks and financial institutions.

Coinbase Australia

I have done multiple transactions of small to high value and have been very ha… Stay up to date on the latest news and trends in the market by accessing real-time news from numerous publications. Our Australian-based support team are here to answer all your question and help you navigate the Swyftx platform. Swyftx is an AUSTRAC registered digital currency exchange headquartered in Brisbane, Australia. You won’t have to pay a fee if you deposit in USD if you’re a US citizen. You will likely lose money with your crypto robot, so starting with a demo account is best.

In addition, the fact that eToro offers automated crypto trading tools makes it stand out to us. Furthermore, there are no ongoing fees, so you can keep your crypto investment for as long as you like. EToro offers a CFD trading facility for crypto coins along with the ability to buy and sell digital coins outright. Kraken offers a separate process for margin trading, making it the most unique trading platform. However, all this doesn’t mean they compromise any of the standard features.