Which is the Best cryptocurrency exchange Australia?

Top 10 Cryptocurrency Exchanges in Australia 2021

Cryptocurrency trading has developed massively in the last few years. People from every corner are today aware of cryptocurrency and eager to join the best exchanges. Today there are plenty of exchanges available, but finding the best one can be tough for new traders. This article will give you comprehensive knowledge to make it easier for you when considering your options.

What is Cryptocurrency Exchange?

Before diving into the list of Best cryptocurrency exchange Australia guide, the first thing you should understand the purpose or meaning of cryptocurrency exchange. So to put in easy words, crypto exchange is a place where you can trade suitable digital currencies with other cryptocurrency or fiat currency. Traditional trading platforms like as stock exchanges have fixed opening and closing hours, not the case with Australian Cryptocurrency Exchanges. Using these platforms you can trade anytime anywhere, in a few simple taps.

Different Cryptocurrency Exchanges

Cryptocurrency exchanges are online platform which allows traders or investors to buy or sell digital coins depending on market trend. These platforms generally charge service fees as third-party platform.

• Traditional Crypto Exchanges: These platforms allow you to buy or sell digital currencies with fiat or other cryptocurrencies. A small fee is charged for each transaction.
• Peer to Peer Exchanges: These are platforms similar to data service solutions, matching buyers and sellers. Hosting services are provided to cut-down risk for both parties.

Features to Watch Out

It is important to make the right selection with cryptocurrency trading platforms. So a wrong decision can lead to financial loss or threaten your investment. Hence, here are the important factors that you should consider before joining a Top cryptocurrency exchange 2021 in Australia:

• Payment Methods
• Number of digital currencies
• High Liquidity
• Security
• Lower Trading Fees
• Mobile Apps
• Customer Support
• Simplicity

Top cryptocurrency exchange 2021

Here is the list of top 10 cryptocurrency exchange in Australia:

Binance is one of the most popular and reputed Australian cryptocurrency exchanges. As of date, it is one largest trading platform globally with a huge user base and deep liquidity. Also, traders can buy or sell over 100 cryptocurrencies at best possible rates. Binance is presently supporting crypto-to-crypto trading. Apart from that Binance is best known for its fast deposit and withdrawal features, generally within a few minutes. Low trading fees, high trading volume and trusted brand make it an ideal choice for crypto fans. However, advanced features make it tough for new traders initially. Also you need to have cryptos to trade at Binance.

Founded back in 2013, CoinSpot is today one of the best cryptocurrency exchange Australia with huge user base. The platform is constantly trying to make crypto trading safe and easy for users. So be it buying or selling, cryptocurrency trading can be completed in few simple clicks. Now over 100 crypto coins are available for regular trading. Easy to use and simple navigation makes this portal ideal for new users. Also easy broker styles buying feature and wallet facility for few supported coins make it even more popular. Here exchanges rates vary and presently non-AUD currencies are not supported.

BTC Markets is another popular cryptocurrency trading platform with a good reputation and dedicated customer support. At a time when the crypto market in Australia is heating up, BTC Markets is known to offer exciting exchange rate and trading facilities to traders. In recent times BTC Markets has emerged as a trusted online crypto trading platform which allows global investors to buy and sell digital currencies on the go. Also, advanced security features, Liquidity and dedicated Support make it a suitable crypto trading platform. Slightly higher exchange rate.

CoinJar was established back in 2013, it is known to allow users with hassle-free crypto buy, sell or storing facilities. Though the platform is not yet regulated by any popular financial institution, it is registered with the Australian Transaction Reports and Analysis Center. So, if you’re looking to trade, buy or sell digital currency, CoinJar is the best option. Moreover, low trading fees, clean interface, good reputation and instant bank transfer facility makes it a good choice. Limited range of digital coins and a slow verification process makes it irritating for few.

is AUSTRAC registered cryptocurrency exchange offering secure, reliable and advanced trading facilities. It is also rated among the best beginner friendly exchange with Instant Buy/Sell option for beginners and advanced orderbook exchange for professional and high frequency traders. The platform supports over 200+ coin pairs. The top features of the platform are its instant biometric ID verification, full orderbook with high liquidity, zero trading fees, zero fee for AUD deposits and withdrawals in Australia. The platform presently supports Bank transfer, POLi, Osko and PayID payment methods. Ausfinex’s Android and iOS apps allow you to trade on the go

Swyftx is a popular Australian crypto exchange where you can trade, buy or sell over 100+ digital currencies. This popular crypto trading platforms is AUSTRAC registered that offers trade with stop losses. Buyers can keep coins in their wallet and its relatively safe from any hacks or scams. Also, the exchange is highly secure, easy to use, supports several payment options and reliable. So today it is undoubtedly the best place to buy suitable cryptocurrencies in Australia. Presently the platform supports only AUD and has comparatively higher fees.

Independent Reserve is a Sydney based digital currency trading platform in operation since 2013. This popular Australian cryptocurrency exchange allow you to access crypto as you travel to these nations. The best thing about Independent Reserve is that it provides economic calendars, easy to use platform, news and real-time charts for the hassle-free trading facility. Also, protection against negative balance makes it ideal for new traders. Moreover, to meet the growing need of investors, Independent Reserve is adding more markets. However, complex UI and limited fiat currency option makes it tough at times.

Cointree is a competitive digital currency platform that aims to make crypto trade fast, easy and secure. Easy to use interface and state-of-the-art features are making it ideal for crypto traders. So anyone looking to buy or invest digital currencies can opt for this exchange in Australia. The best thing about this crypto exchange is that they support almost all major digital currencies like Bitcoin, Ether, Litecoin, Bitcoin Cash, Ripple or OmiseGO. Also, a nominal exchange fee of 0.05–0.9% makes it an ideal choice for frequent trading. Presently the platform doesn’t support non-AUD deposits. Slow verification process and transfer are its negatives.

The platform allows users to trade popular cryptocurrencies and pay Australian bills using crypto holdings. Bitcoin Australia is enabling crypto enthusiasts to use digital currencies in everyday life. Bitcoin Australia is a popular name in the top cryptocurrency exchange 2021list, offering a wide range of features.

Today it is one of the most popular and reputed digital currency platforms allowing fans to purchase different cryptocurrencies. In recent times it has grown its user base to over one million customers across the globe. So join this Best cryptocurrency exchange Australia platform today for fast and hassle-free trading. Presently the platform supports limited number of digital currencies and provides only email customer service. No smartphone app and limited digital coin selling option makes it difficult for traders.

Originally published at https://www.ausfinex.com on November 12, 2020.