Crypto Trading Platforms Australia – As cryptocurrencies become more popular across Australia, there are a growing number of exchanges to choose from if you want to start trading.
One of the most important questions you may have before you start buying and selling cryptocurrencies is “How do I choose the right exchange”? With all the options available, how do you know which ones are legitimate and which ones aren’t?
Crypto Trading Platforms Australia
Even if you know who to trust, how do you decide which one is best for your needs? Continue reading to learn about the ten best Australian cryptocurrency exchanges. All of them have been tested by Marketplacefairness.org, the author of this article.
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Bybit is the #1 crypto exchange for Australians thanks to its huge range of features, low trading fees and wide range of markets. They pride themselves on having an extremely reliable platform, so we’ve done some research to back that up. What we found is that Bybit often exceeds $10 billion in daily trading volume, with deep liquidity and 99.99% system functionality. Trading speed is lightning fast, with 100,000 transactions per second. When you trade on Bybit, you can be sure that your orders are easily fulfilled and your money is safe.
Bybit offers various trading markets such as spot trading on more than 220 cryptocurrencies along with derivatives (USDT Futures, Inverse Futures, Inverse Futures and Options) for experienced traders. Bybit’s trading fees are the lowest you’ll find on our list, offering absolutely ZERO commission for spot trading, and for derivatives trading it’s just 0.01% for producers and 0.06% for traders. We have seen many large traders come to Bybit since they started offering free trading because it makes a big difference when you are trading hundreds of thousands of dollars.
While Bybit is best suited for frequent traders, they also target crypto beginners who want to buy Bitcoin or other cryptocurrencies and invest for the long term. It’s easy to buy cryptocurrencies with AUD directly through a fiat gateway, using Visa/Mastercard, Apple Pay or Google Pay. To start your crypto investment journey, you can get $5 Bitcoin FREE without making a deposit and claim up to $30,000 bonus when you meet the deposit and trade requirements found on the Bybit Rewards Hub. Sign up via this link to claim this offer.
Serious crypto traders enjoy the many options and features on Bybit, such as advanced charts, technical analysis tools and margin trading with up to 100x leverage. When we compared this to other scholarships, we found it to be one of the highest available in Australia. Some other crypto platforms only offer their clients 5x or 20x leverage. However, keep in mind that margin trading is extremely risky and is not recommended for the inexperienced.
Best Crypto Exchange Australia
Another reason why Bybit is the best crypto exchange in Australia is its testnet feature or demo mode. It follows real market movements, but uses virtual money to play with, allowing both beginners and experienced users to practice trading and try out different strategies before investing their own money. We found this to be very easy to use, and many Bybit users we surveyed found this to be a useful and useful educational tool.
If you’re interested in crypto trading, but aren’t quite sure how it works, or where to start, Bybit’s copy trading is a great tool. This is an automated trading strategy that allows beginners to mimic the trades of an experienced and successful trader. Beginners can quickly assimilate into the crypto world and reap the rewards of crypto trading without having to study all the technical details themselves. Meanwhile, experienced traders sign up to become a lead trader and earn commissions from their followers’ trades. We did some research to find out how much they could earn and found that the top weekly income for a top trader was over $10,000!
Finally, Bybit has 24/7 live chat customer support in case you run into any problems. Many major international exchanges do not offer this level of customer service, but Bybit surprised us in this department. We found them responsive, friendly and very helpful every time we contacted them.
If you want to sign up for Bybit, use this link and get $5 Bitcoin FREE without having to make a deposit.
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CoinSpot is Australia’s largest crypto exchange, packed with features and a huge range of 370+ coins. They claim to be the most secure crypto platform in Australia, so we decided to do some research to prove or disprove this claim. We found that CoinSpot has been in the industry since 2013 and has since gained the trust and loyalty of over 2.5 million Australians. It is a certified member of Blockchain Australia, registered with ASIC and regulated by AUSTRAC, and meets strict KYC and AML requirements. CoinSpot is also the first Australian exchange to receive ISO 27001 certification, making it the most regular crypto site.
We can safely say that anyone who registers with CoinSpot can be sure that it is a reliable and legitimate platform that will keep your money and information safe. If you are a new user, you can also claim $20 Bitcoin for FREE by simply registering through this link.
CoinSpot has a simple user interface, perfect for cryptocurrency beginners. It is intuitive and easy to use on PC and mobile app. When we first tested it, we were able to locate each function in seconds, as the menu is very clearly laid out. If you get stuck on CoinSpot, their live chat support team is available 24/7 to help you out. We tried the live chat feature and almost immediately we were greeted by a friendly and honest knowledgeable person. If you need help from specialized teams, you can also contact us by email.
One of CoinSpot’s biggest strengths is its reach of over 370 cryptocurrencies, more than almost any other Australian exchange. We were impressed by the selection of small altcoins not found on other exchanges. If you’re looking to invest in a coin that isn’t widely available yet, CoinSpot is a great place to look. In fact, if you plan to hold your cryptocurrency for the long term, you can earn interest on 21 coins, and this number is likely to increase in the future.
Best Crypto Exchanges Australia In 2023
The fee for direct buying and selling on CoinSpot is 1%, which is slightly higher than other crypto exchanges. However, this is a small price to pay for the security of using Australia’s most trusted and monitored exchange. If paying lower fees is very important to you, you can access CoinSpot’s lower fees of 0.1% when you trade on the market or through the OTC desk.
Swyftx is the #3 crypto exchange option in Australia, with a huge inventory of over 320+ coins and low spreads. We conducted our own in-depth test to verify Swyftx’s claims of low spreads and found the average combined fee and spread to be just 1.11%. This makes it an ideal choice for beginners, along with an easy-to-use platform, a great demo mode to practice trading, 24/7 Live Chat support and $20 FREE Bitcoins when you sign up here.
Being new to cryptocurrency trading can be quite a daunting experience, but Swyftx has done a lot to make it as simple as possible. It has an easy-to-navigate user interface that allows you to instantly buy or sell cryptocurrency. Through our testing, we were able to buy cryptocurrency using Swyftx’s simple interface in less than 60 seconds on average. There are no complicated charts to study and functions like placing limit orders are not necessary, although they are available to experienced traders who prefer them.
Swyftx offers over 320 cryptocurrencies and they are adding more coins regularly. As a beginner, you may not know which cryptocurrency to buy or when is a good time to trade. Swyftx has added a demo mode to make it easier for newcomers. You can switch to demo mode at the push of a button and get $10,000 free virtual money to play and test your strategies. Trades are as close to real life as possible and prices reflect current live cryptocurrency prices. Once you learn what you need in demo mode, you can easily get back to trading cryptocurrencies with your real money.
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Swyftx is known as Australia’s low-cost cryptocurrency exchange. Depositing and withdrawing AUD is always free, regardless of payment method. Trading commissions are only 0.6%, whether trading the market or buying/selling instantly, and there are no hidden fees. If you run into any problems or have questions you’d like answered, 24/7 Live Chat customer support is always here to help. When we tried the live chat, we found the staff to be very knowledgeable and happy to help.
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Originally posted 2023-08-01 17:58:46.
