24 February 2024
Legislation of various Cryptocurrencies and Crypto exchanges has changed considerably since the beginning of the blockchain revolution. It might be challenging, particularly for newcomers, to locate the greatest Cryptocurrency exchange in Australia. Many Bitcoin trading platforms have recently established themselves in Australia. Customers must provide Know Your Customer as well as Anti-Money Laundering (AML) details in accordance with Australian legislation. To save Cryptocurrency investors the arduous task of sifting through many options, we have created a list of the top Cryptocurrency exchanges in Australia. Factors such as deposit options, user friendliness, trading costs, assistance options, as well as safety have been used to compile this listing.
You should consider the following 8 Cryptocurrency Exchanges in Australia for 2023:
Bybit is the go-to platform for Australian Crypto traders since it has everything they might want. Daily trading volume exceeds $10 billion, there are no costs for Spot Trading, as well as the rates for Derivatives Trading or 0.01% for makers and 0.06% for takers which are exceptionally low. Bybit is great for seasoned traders since it allows them to trade over 220 different Cryptocurrencies via spot trading or derivatives or USDT Perpetual contracts, Inverse Perpetual contracts, Inverse Futures contracts, as well as Options. With a system uptime of 99.99% and a lightning-fast trading speed of 100,000 TPS, this platform is ideal for professional traders. Bybit's primary characteristics include Margin Trading with up to 100x leverage, in-depth charting, and technical analysis tools.
Binance isn't only the most popular but also the greatest Cryptocurrency exchange in Australia. For those with a solid grasp of Cryptocurrency, Binance is the ideal trading platform. They allow trading in over 65 different Cryptocurrencies, have low exchange costs on their Australian Crypto Exchange, and welcome customers from all around the world. It started its operations in 2017. In that time frame, they've developed a wide variety of derivatives and options for trading, and only just released its NFT.
CoinSpot entered the Australian Cryptocurrency market in 2013, and since then, it has amassed a user base of over 2.5 million. Being the most independently inspected Australian Cryptocurrency exchange as well as a proud holder of ISO 27001 accreditation, CoinSpot offers unrivaled safety in the market. It thus proves that CoinSpot is as trustworthy as they say they are, so Australians may confidently trade on their platform. Since its inception in 2013, CoinSpot has been a dominant player in Australia's Cryptocurrency sector, with over 2.5 million customers.
Kucoin is a well-liked alternative Cryptocurrency exchange that provides its users with a community-driven trading platform and reliable Crypto market data and news. The Kucoin application gives users access to Cryptocurrency trading as well as other high-quality services throughout the clock, regardless of the channel or language they like to use. Over 20 international communities from 200 countries use it, and it supports more than 700 different Cryptocurrencies.
Swyftx is a great option if you're searching for an Australian-based Cryptocurrency exchange, since it offers a wide variety of services that are useful to both novice and experienced dealers. Swyftx has a straightforward interface, a trial period, affordable prices, as well as a support team available at all hours. Over 320 different coins are now supported by Swyftx, all of which may be purchased using Australian dollars. The average spread is merely 0.51%, and the costs to buy, sell, or trade are only 0.6% each transaction. No matter what technique you select, making deposits and withdrawals in Australian Dollars (AUD) is completely free.
Over the last several years, Crypto.com has established itself as the preeminent Cryptocurrency exchange platform in the world by amassing a client base of over 70 million users and providing verifiable proof of reserves and extensive insurance protection for its users. More than 250 Cryptos may be bought and sold with 20 fiat money utilizing debit/credit cards or bank wire transfers on Crypto.com. If you're a trader on Crypto.com, you can get a special Visa card with rewards of up to 5% cash back on all purchases, no annual fees required. Crypto.com's high standards for safety, quickness, as well as volatility have made it more appealing to investors.
A Cryptocurrency exchange with more than 10 million customers worldwide, Luno is known for its ease of use. We investigated further to see whether their claims of high security and compliance with Australian rules were true. Luno abides by the same stringent AML as well as KYC laws as the conventional banking sector. In addition, they take the most advanced precautions in the business to protect their users' money by keeping 95% of their digital assets in cold storage.
Kraken is a well-known Cryptocurrency exchange in Australia. It has been operational since 2011, and now it offers a full suite of trading options that even novice traders would find useful. It supports more than 65 different Cryptos, places a premium on client privacy, provides responsive round-the-clock chat service, and guarantees the safety of your investments. When it comes to spot trading on a wide variety of high-tech items, such as margin, the Kraken exchange was one of the first and finest of its kind.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.