This makes it the country’s most trusted and safest OTC cryptocurrency broker. An essential thing to consider is how good the customer service is on an OTC trading platform in Australia. Live chat support is a great feature to look for because it lets you solve problems quickly and easily. Furthermore, it’s essential to choose a platform with customer service teams available 24/7 so that you can contact them via phone or email and receive prompt answers to your questions.

• This covers almost 10,000 stock CFDs from over 23 international exchanges.
• You can choose from thousands of verified active traders and active investors based on their historical performance and preferred strategy.
• Bybit is a fantastic platform for trading cryptocurrencies because it provides a seamless user experience.
• Since the platform has educational material and advanced tools for trading cryptocurrencies.

Binance is one of the best brokers for finding the best crypto to buy now if you are looking for a platform. The meme coin price charts increased after Elon Musk tweeted about it. When it was listed on popular trading platforms such as Coinbase, cryptocurrency investors gained confidence. This contributed to bitcoin’s all-time high value of $0.74 (£0.55) this year. Since bitcoin was launched in 2014, its value has increased by twenty thousand percent. Look for exchanges that offer convenient methods, such as bank transfers, credit/debit cards, or digital wallets, to facilitate easy deposits and withdrawals.

What Is The Difference Between Automated Trading And Manual Trading?

One significant advantage of OTC crypto trading is executing large trades without affecting the market. When large orders are placed on traditional exchanges, they can change prices significantly and significantly affect the market. In contrast, OTC trades are executed directly between the two parties without affecting the market.

• The trading fees are some of the lowest in Australia, at just 0.01% / 0.06% (maker/taker) for derivatives traders, and 0.1% for spot trading.
• Now let’s talk about the working of the Quantum AI when someone chooses manual trading.
• I know this trading platform as a common entry point for traders because of its easy-to-use interface aimed to attract both novices and experienced traders alike.
• There is the ability to set a take profit/loss orders directly with one-click charts which is an excellent feature for managing trades.
• Due to this, you will be able to trade with much tighter spreads, which will reduce your trading costs.

This is a high cost of entry for new investors that wants to buy crypto with AUD. Cointree is a top crypto exchange for Australians that has been around for many years. It is well known for its simple and easy-to-use interface for buying and selling digital currencies with fiat money. With over 240 assets to buy, trade, and sell using competitive fees, Cointree is a great choice in Australia.

Security Measures

Huobi Global is currently among those platforms that offer the highest leverage to all margin trades. It supports over 348 cryptocurrencies and 160+ pairs for margin trading. It falls under the top ten categories of crypto trading platforms in Australia.

• Automated trading, on the other hand, means that the software will be the one that will be doing the trading for you.
• Cryptocurrency trading can be highly profitable, but the first step is choosing the right exchange platform.
• Supported payment methods at this top-rated trading platform include debit/credit cards, Paypal, and a bank transfer.
• With your debit card, you can, for instance, buy cryptocurrencies for 3.99%.

Additional features include two-factor authentication and I.P./device whitelisting. The ‘SAFU’ feature hosted by Binance is perhaps even more impressive. With all this, Binance is one of the best crypto exchanges Australia for you. The Quantum AI demo account is for anyone who wants to try out crypto trading without actually investing any funds. Here, the users of the software can trade cryptocurrencies without using any funds.

Security

However, their customer service is somewhat lacking in comparison to other providers. As far as fees are concerned, like CoinSpot, the platform charges a flat fee of 1%. Trading fees on their actual exchange differ for makers and takers based on their 30-day trading volume with the highest fee being 0.1% for makers and a flat 0% for takers. So far, they’ve launched numerous solutions to make crypto trading easier for both retail and institutional traders. While no-KYC exchanges offer anonymity, trading with a decentralized exchange is risky. If you lost access to your crypto wallet, you will not be able to restore your funds.

• The platform provides 24/7 customer support worldwide to all OTC users.
• There are many order types and in-depth capabilities for reading charts.
• Supported stock CFD markets include Australia, South Africa, the US, the UK, Germany, France, and more.
• Once you find a trader that meets your financial goals and appetite for risk, you can copy their portfolio.

Spot trades will incur maker and taker fees of 0.1% whilst futures start at 0.02% and 0.0%, respectively. These are the maximum fees customers will pay since they can be reduced depending on the 30-day trading volume, or by the amount of KCS held. All in all, these fees are very economical and comparable to other altcoin exchanges of similar reputation. Like most modern-day crypto exchanges, CoinSpot has two-factor authentication (2FA).

#9. KuCoin Trading Platform – Best for huge range of 700+ coins

Additionally, it allows for leverage on margin trading of up to 100 times. Aussie traders can also access all of these features on their mobile devices from anywhere in Australia. It has every charting feature you could possibly need to help you choose investments more wisely.

• Some customers complain that CoinSpot’s 1% fee for Instant Buys is too high, more than their competitors.
• The absence of KYC also means that your personal information is safe from hackers.
• This contributed to bitcoin’s all-time high value of $0.74 (£0.55) this year.
• ByBit is a reliable partner for the thousands of traders who enjoy the thrill of speculating on perpetual swap futures and other crypto products that are among the most volatile on the market.

The platform didn’t include the 5% service fee into the price of the asset when listing them, so I was rather taken aback when placing the order. Also, I would like to see more coins available, as at the moment they only have around 10 coins on offer. Compared to other exchanges of this type, the IR fees are incredibly low, starting from 0.5%, and can decrease to 0.05% depending on your trading volume. IR is a veteran of the Australian crypto scene and supports a total of 13 cryptocurrencies, including the most popular ones like Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Ripple. Despite the limited choice, I also noticed a handful of other promising altcoins like EOS, XLM, BAT, GNT, REP, OMG, 0x, and PLA.

Payment Methods

Cyberattacks and hacks can lead to millions of dollars being stolen, leading to potential significant losses for crypto exchange users. CoinJar is a simple cryptocurrency exchange, that has been around for a long time. It has built up its reputation and trust in the Australian crypto industry, and the best feature is the CoinJar card, that operates like a debit card for your cryptocurrency. It is powered by MasterCard, and you load it with any cryptocurrency you like in your CoinJar account.

• Depositing cash or transferring digital assets (besides ETH) from an external wallet and into your Kraken wallet will incur zero fees.
• Independent Reserve only offers 26 digital currencies that can be bought using AUD, SGP, USD, or NZD.
• As a result, you might find it difficult to enter and exit your chosen crypto market.
• BuyaBitcoin is an Australian Bitcoin exchange, and you can use it to purchase Bitcoin.

We have compiled this list based on important aspects that must be considered when choosing the right platform. These include supported payment methods, the number of coins, trading fees, security, and customer support. Swyftx is a well-known Australian-based cryptocurrency exchange that has been operating since 2017. The platform offers a straightforward pricing model, charging a flat 0.6% fee on all trades across over 320 cryptocurrencies. For beginners, Swyftx provides an intuitive interface that is easy to use, and even offers paper trading for those who want to test their trading skills without risking real money. Experienced traders can benefit from real-time price data and integrated charts to facilitate more advanced trading strategies.

Step 4: Search for a Trading Market

Breaking through these levels often signifies strong movement in the related direction. Before buying the dip, it is common to conduct chart analysis to determine – possible levels of resistance or support. These are then used by traders to set a stop-loss and take-profit to minimize the risk involved with the trade.

• On the other hand, if you are looking to engage in a day trading or swing trading strategy, then CFDs are going to be more suitable.
• The downside of CoinJar is that there is a limited range of 50+ coins.
• With support for withdrawals to an Australian bank account, CoinStash is a viable place to sell Bitcoin back to AUD.
• If this wasn’t bad enough, debit and credit card transactions are excessive fees.
• Trading crypto online can involve complex charts, various order types, technical indicators, and transferring crypto to new technology.
• EToro Australia allows users to invest in cryptocurrencies, stocks, forex and even commodities.

Crypto exchanges will include a digital wallet to store the purchased crypto. While the investor can access the funds and make withdrawals, the exchange is the actual holder of the private keys. As exchanges can be hacked or compromised, transferring the crypto from the exchange to an external wallet is best. We’ve reviewed some of the best crypto wallets for Australia to store your cryptocurrencies. Coinbase is one of the safest places to buy and store crypto assets that features industry-leading security measures to ensure customer funds and personal information are kept safe at all times.

How to Use a Cryptocurrency Exchange in Australia

Finally, Plus500 is authorized by several authorities, including ASIC, the FCA, and MAS. A user-friendly platform with an intuitive interface is essential for both beginners and experienced traders. – When you decide on a crypto exchange, look at the ease of use, variety of trading tools, and usability of the mobile app. Also look for customer support avenues, in particular live chat and email.

• If you are more inclined to the former, Interactive Broker also offers thousands of ETFs and investment funds.
• The software also has time leap technology which keeps it ahead of the market and other software.
• In addition to its massive list of crypto, Binance has futures trading and also margin trading to use up to 100x leverage.
• It also has a demo mode for users to practice their skills and learn the market without risking their money.
• This all makes for a great user experience and hence deserves our stamp as the best cryptocurrency exchange in Australia.

It is an advanced trading platform designed primarily for experienced and institutional investors. As a newcomer to the world of cryptocurrency trading, BitFinex may seem daunting immediate edge and may require some time to learn how to use it effectively. I do think that the main issue with CoinSpot, however, is that it charges above-average trading fees.

eToro: Australia’s Leading Social Trading Platform

Selling Bitcoin back to AUD and withdrawing it is a process that is more streamlined than other platforms. The methodology used to find the right crypto exchange in Australia comprises a comprehensive review process. This includes creating a verified account, depositing funds, placing trades, and withdrawing funds with each provider to gain a complete understanding of the overall user experience. Industry-standard security features include cold storage, a multi-signature withdrawal process, and two-factor authentication. Well-established cryptocurrency exchanges in Australia should employ various security measures to protect customers’ personal information to prevent the theft of funds and fraudulent activity. Check the exchange’s security page to confirm these measures are in place.

Commsec is also an extremely secure and trustworthy platform that’s licensed by ASIC. While it’s not quite as modern as some new online trading platforms, it’s a solid choice that’s certain worth checking out if you want to trade stocks and options. When you sign up to a crypto exchange, most of them provide you with a wallet that is held in your exchange online.