There are some great options when looking for a cryptocurrency broker in Australia. Eightcap, regulated by ASIC, offers low-cost trading in cryptocurrency pairs, MT4 and MT5. They offer over 250 cryptocurrencies, crypto crosses and indices, as well as competitively low spreads. This broker has some of the tightest spreads in the industry and the minimum deposit is just AU$100. Eightcap is one of the few Australian brokers offering cryptocurrency trading through the MT4 platform.
CoinSpot - Based in Perth, CoinSpot is a user-friendly exchange offering over 340 different cryptocurrencies. This broker offers instant cryptocurrency trading with the largest selection of cryptocurrencies in Australia. You can even trade coins that are not found anywhere else! CoinSpot charges 1% for instant purchases. If you want to trade manually, CoinSpot charges a small transaction fee. But it is worth noting that at https://bestcryptobrokers.net/crypto-brokers-australia/ the customer service team is responsive, helpful and friendly.
Digital Surge. Another good choice for Australians looking for cryptocurrency brokers is Digital Surge. This broker offers a basic interface and live chat. Plus, when you sign up, it offers $10 in bitcoin for free. You can read the full review of Digital Surge on our website. eToro is another great option for Australians looking for a cryptocurrency broker. eToro offers a wide range of trading instruments. eToro was designed as a social trading platform with the ability to interact with other users and copy successful traders.
Australian Regulators: It is important to know that cryptocurrency trading must comply with government regulations. There are always scammers and they are regulated by the AISC. Australian crypto brokers must be licensed and regulated by the Australian Financial Services Commission. This is done to protect crypto traders and keep their money safe. However, scammers are constantly trying to catch new traders. Therefore, it is important to find a reliable broker in order not to become a victim of these scammers.
There are several Australian cryptocurrency brokers, each with their own pros and cons. Coin availability, account opening fees, and transaction fees vary between crypto brokers. Take a look at the chart below for a comparison of Australian cryptocurrency brokers. Coinbase - This Australian-based cryptocurrency broker offers free trading in fifteen popular coins as well as the Ethereum currency. It also offers CFDs and standalone analytics platforms. With zero fees and the lowest transaction fees, this cryptocurrency broker is a great option for first-time traders in Australia.
Independent Reserve – OANDA uses the MT4 platform from MetaQuotes Software, allowing it to trade CFDs on 4 major cryptocurrencies. The minimum margin is 10%. Bitpanda supports Ledger and Trezor hardware wallets and is known for its reputation for building user confidence. Among other benefits, it has state-of-the-art security systems and operates in accordance with national financial services regulations. It also offers mobile and desktop trading platforms and 24/7 customer support.
Also Read: Best Crypto Brokers Today