Are you planning to engage in the cryptocurrency world and start trading but have no idea where to buy cryptocurrencies? In this digital world, everything is now made easier – gone are the days of the need for paper cash as digital assets are taking over! Over the years, the world has accepted cryptocurrency and has slowly incorporated it into different sectors.
Many countries have also started utilizing crypto as a form of payment or allowing their citizens to trade, buy and sell cryptocurrencies. One example of this progressing country is Australia, so if you’re residing in this country, check out this list of 10 Australian crypto trading platforms that we have prepared just for you.
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1. Binance
Binance is leading the list of the best choice for international crypto services. Changpeng Zhao launched this crypto platform in 2017. It did not take long for Binance to catch the attention of thousands of traders worldwide due to its long list of trading opportunities, including offering a discount on trading fees and top-notch security methods.
2. Coinbase
Coinbase is known to be the most mainstream crypto brand on an international level. Launched in 2012, this platform eventually followed a highly regulated sequence of growth.
This is due to its user-friendly features and easy-to-navigate interface; it became a hit and is a standard recommendation for beginners. In addition, this platform offers various payment methods, trading fees between 1.49% and 3.99%, and superb protection with its 2FA security.
3. eToro
eToro is licensed by the Australian Securities Investment Commission and consists of 2,000+ trading products, including ETFs, stocks, cryptocurrencies, etc. What stands out the most among its users is this platform’s copy-trading feature, which allows traders to mimic the trading strategies of other investors, which is very helpful to newbies with no trading experience.
4. Immediate Edge
Immediate Edge links traders with trustworthy brokers in the market who are equipped with advanced tools and possess the right level of knowledge and skills for practical trading experience.
The platform uses an artificial intelligence-based algorithm to study the market in real time and hunt for the best profit opportunities. The AI system of the platform handles tracking market movements and storing indications that affect how transactions are executed.
5. Kraken
Kraken provides traders with a highly professional environment for spot and futures margin trading, which makes it an exceptionally reliable and experienced platform. This platform takes security very seriously; this is why most of its currencies are offline to ensure their users are safe from hackers. Users can secure their accounts by activating Kraken’s Global Settings Lock and Master Key to block unauthorized account changes.
6. Gemini
Gemini is a New York-based company that is popular for providing a safe place for traders, crypto individuals and establishments to buy, sell, or store their bitcoin and other cryptocurrencies. Aside from its advanced trading platform, secure wallet, custody service, mobile trading app and off-exchange crypto trades, Gemini continues to push the boundaries of mass innovation for an easy and safe way to interact with crypto.
7. Digital Surge
Digital Surge was established in 2017 and is the newest Australian crypto exchange that has hit the country. One thing that users love most about this exchange is the ease of use it offers to its users. In addition, the fee charge of their transactions is suitable for large traders – with a base fee of 0.5%, which can go as low as 0.1% depending on trading volume.
8. CoinSpot
Launched in 2013, CoinSpot is also an Australian cryptocurrency platform deemed the best for beginners due to its easy-to-use interface. This platform also supports many cryptos – from Bitcoin and Ethereum to lesser-known altcoins.
To create an account in this exchange, users must provide a photo of any government-issued ID and a scanned copy of a utility bill. CoinSpot allows using PayID, BPAY, POLi, cash or direct transfers from a bank account to deposit funds.
9. Swyftx
Swyftx is known to be the best crypto platform in Australia. This AUSTRAC-registered crypto exchange offers over 200 cryptocurrencies that allow trading against AUD, BTC, and USD, so newbies don’t have to worry about exchanging traditional currencies for cryptos.
It has a transparent pricing system, applies AML and KYC policies, and has a highly secure platform that uses 2FA and breached password detection to ensure the safety of its users.
10. Crypto.com
Crypto.com is a major global player that supports 100+ cryptocurrencies, which makes it an ideal choice for anyone who would like to invest in undiscovered altcoins before they are hyped up. It also offers unique features that few Australian crypto exchanges can match, such as allowing users to trade options and futures contracts, make trades with up to 10x leverage, and earn interest by staking coins.
Conclusion
There are a wide variety of options when investing in cryptocurrencies in Australia. To narrow down your list, check out the ten platforms listed above and make sure to select one that aligns with your goals. It’s also important to check several factors that a crypto platform must have, including security, trading charges, ease of use, customer support, location, available currencies and deposit methods.
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