Best Cryptocurrency Trading Platforms In Australia 2024

The best crypto trading platforms in the online marketplace offer a wide range of crypto assets and pairs, low trading fees, and tight spreads.

Due to the fast-paced nature of the currency investment scene, top-rated crypto trading platforms also offer notable trading and analysis tools, alongside a fully-fledged mobile app.

In this guide, we compare the overall best cryptocurrency trading platforms in Australia to consider joining today. We will look at several factors, such as assets offered, fees, payment methods, liquidity, and more, and see how the platforms stack up against one another.

Key Points

• A cryptocurrency platform allows traders to buy and sell cryptocurrencies in a secure environment and at low fees. 
• There are two types of cryptocurrency exchanges in existence: centralized exchanges and decentralized exchanges. 
• Always select a secure and reputable crypto trading platforms. 
• When selecting an exchange, security, assets offered, trading fees, payment modes, and user satisfaction are factors to consider.

Best Cryptocurrency Trading Platforms In Australia

The 9 best crypto trading platforms in Australia are summarised in the list below:

1. eToro – Best cryptocurrency trading platform in Australia
2. Coinbase – Trade More than 200 Crypto Pairs with this platform
3. Uphold – Top platform designed to build long-term wealth 
4. Binance – The world’s largest crypto trading platform by volume
5. Eightcap – Supports multiple third-party trading platforms
6. Plus500 – Excellent platform known for its reliability and transparency
7. AvaTrade – Top-rated broker offering secure trading services
8. Kraken – An excellent, beginner-friendly crypto trading platform 
9. Crypto.com – Secure platform facilitating crypto trading

Best Cryptocurrency Trading Platform In Australia Reviewed

This section will take a closer look at the crypto trading platforms listed above.

1. eToro – Best cryptocurrency trading platform in Australia

eToro is overall the best crypto trading platforms in Australia, offering users a simple and intuitive trading experience. The Social trading platform offers 80 major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE). It is also one of the least expensive trading platforms, only charging a 1% fee on trades.

We recommend eToro as the best crypto platform in Australia in 2024 because it gives traders a unique trading experience thanks to features such as Copy Trading, Smart Portfolios, and Social Trading. Australian Traders can view the latest trends and market information and access advanced technical analysis for specific tokens.

Cryptocurrencies Offered

eToro offers nearly 80 major cryptocurrencies on its trading platform. Some of the prominent assets are: 

• Bitcoin (BTC)
• Ethereum (ETH)
• Cardano (ADA)
• Solana (SOL)
• Dash (DASH)
• Litecoin (LTC)
• Chainlink (LINK)
• Polygon (MATIC)
• Dogecoin (DOGE)
• Shiba Inu (SHIB)
• Stellar Lumens (XLM)
• Aave (AAVE)
• XRP (XRP)
• USD Coin (USDC) 
• Tether (USDT)

Fees And Payments

We briefly mentioned fees on the eToro platform and how they are among the lowest in the crypto space. eToro charges a flat 1% fee on their crypto trades. Additionally, traders don’t have to pay an additional fee to the platform to hold their assets. The minimum trade size is just $10, with users having the option of fractional investing.

Fractional investing allows traders to own a small portion of assets, lowering the barrier to entry. Additionally, eToro users can access automated trading tools and a demo account. The demo account allows traders to test their trading strategies before deploying them in the real world.

eToro also supports several payment methods, such as debit cards, credit cards, bank wire transfers, and e-wallets like PayPal. Additionally, it is regulated by the FCA, CySEC, SEC, and ASIC.

Features

Let’s elaborate on the eToro platform features that we discussed earlier. eToro offers users three unique features: Copy Trading, Social Trading, and Smart Portfolios.

Copy Trading

The Copy Trading feature allows traders to mirror the trades of professional traders and benefit from their immense experience. eToro users can choose from thousands of traders depending on their budget and trading goals. Some traders are conservative, focusing on a single asset, while others diversify and invest in a basket of assets. However, the minimum investment required for Copy Trading is high at $200.

Social Trading

As the name suggests, Social Trading allows users on eToro to interact with one another directly. Users can view activity and trades, discuss market developments, and “like” or “comment” on the activity of other traders.

Smart Portfolios

Smart Portfolios allow traders to invest in a basket of assets chosen by the eToro team. The portfolio is managed by the eToro team.

Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.

2. Coinbase – Trade More than 200 Crypto Pairs with this Platform

Coinbase is also one of the top cryptocurrency trading platforms in Australia. This trading platform is widely regarded as one of the best trading platforms thanks to being a brokerage and crypto exchange. This allows users to purchase assets using fiat currency. The platform’s world-class services were recognized in 2023 when it was awarded the Finder Award for the Best Crypto Exchange.

Coinbase has partnered with prominent institutions like Time, Dell, and OverStock. These partnerships have helped the crypto trading platform establish itself as a highly respected organization in Australia and the crypto ecosystem. Coinbase is also the first crypto trading platform to go public, having been listed on Nasdaq in 2021.

Cryptocurrencies Available

Coinbase supports several significant cryptocurrencies on its platform. It also supports NFTs and allows users to earn a yield on specific assets and major fiat currencies. Major assets supported are:

• Bitcoin (BTC)
• Ethereum (ETH)
• Polygon (MATIC)
• Solana (SOL)
• Litecoin (LTC)
• Ripple (XRP)
• USD Coin (USDC)
• Tether (USDT)
• Dogecoin (DOGE)

The full list of cryptocurrencies can be found on the Coinbase website. 

Fees And Security

Fees on the Coinbase platforms are higher than those of eToro. Coinbase charges a standard fee of 3.99% on crypto purchases made using a debit card. Bank deposits are free, but users must pay a commission of 1.49% on all buy or sell orders on the platform. However, using Coinbase Pro enables some reduction in fees. Currency pairs on Coinbase Pro can be traded at commissions that start at 0.50%.

Now, let’s talk about security on Coinbase. The platform is known for its robust security practices. User assets are secured through two-factor authentication and withdrawal timelocks. Additionally, a major portion of user assets are stored in cold storage. Coinbase complies with all KYC and AML requirements and has made two-factor authentication mandatory. Additionally, it offers a comprehensive educational and help section.

3. Uphold – Top platform designed to build long-term wealth

Uphold is the best Australian crypto trading platform and broker for those wishing to open a raw spread account. The platform offers users over 150 cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), and meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB). The platform’s selection of assets is hard to match, especially if you want to trade upcoming coins unavailable on other platforms.

Uphold is known for its transparency, allowing users to view how much cash the platform holds in reserve at any given time. This is an excellent way to reassure users during volatility, market downturns, and excessive customer withdrawals. Uphold also routinely undergoes third-party audits to ensure the system is secure against hacks. Apart from cryptocurrency trading, Uphold also offers users stock and commodities trading, making it an excellent all-in-one platform.

Features

Let’s look at some of the features offered by Uphold. Users on Uphold can schedule transactions, allowing them to avoid attempting to time the market. The platform also allows users to earn rewards of up to 25% on staked crypto, along with 4% cashback. This cashback is paid in XRP for any Uphold card purchase.

Fees on Uphold are relatively reasonable, with the spread for crypto starting at 0.9% and not exceeding 1.3% for BTC and ETH. However, the spread for other cryptocurrencies can be higher. Meanwhile, the average spread on fiat is 0.2%, along with a $0.99 fee for transactions under $100 using the Uphold card.

4. Binance – The world’s largest crypto trading platform by volume

Binance is the world’s largest crypto platform when it comes to trading volume. The Binance exchange can be described as a super platform for crypto offerings. It also provides users with a vast selection of cryptocurrencies and over 170 million users as of writing. An array of features and advanced trading tools complement its vast selection of cryptocurrencies.

Changpeng Zhao founded the platform and quickly established it as a leading crypto trading platform. Apart from cryptocurrencies, Binance also offers many services such as staking, crypto loans, and derivatives markets like futures and options.

Security

Binance offers users all the standard security measures prevalent in crypto, such as two-factor authentication. It also uses other security measures like device management and address white-listing. However, Binance has run into regulatory hurdles in several jurisdictions and has also been banned from some countries. However, the Australian arm of the exchange remains insulated from the troubles of the parent platform.

Binance Australia and other leading crypto platforms have registered and are fully licensed by AUSTRAC. This ensures complete compliance with strict KYC and AML requirements. Binance stores most assets in cold storage to offset the threat of hackers.

Cryptocurrencies Available

Binance offers hundreds of cryptocurrencies on its platform and supports major fiat currencies such as USD, EUR, GBP, AUD, and INR. Some of the assets supported on the platform are:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Dogecoin (DOGE)
• Cardano (ADA)
• Dash (DASH)
• Cosmos (COSMOS)
• Polygon (MATIC)
• Harmony (ONE)
• USD Coin (USDC)
• Tether (USDT)

Fees And Trading Experience

Now, let’s talk about the fees on Binance. The fees on the platform are some of the lowest in the market, starting at just 0.1%. These can be reduced further by using the platform’s native BNB token. This gives a further discount of 25%, effectively lowering fees to 0.075%. Additionally, high-volume traders can enjoy additional discounts based on their trading activity.

Regarding trading experience, users on Binancen have little to complain about. The platform gives access to various trading tools to help with advanced analysis. Tools available on Binance include drawing tools, technical indicators, and customizable charts. Users can also personalize their trading interface by incorporating charts, data feeds, and indicators.

Binance also offers a dedicated trading app that is compatible with Android and iOS. The app offers advanced levels of compatibility and an immersive trading experience.

5. Eightcap – Supports multiple third-party trading platforms

Eightcap is the next platform to consider when searching for the best cryptocurrency trading platforms in Australia. The trading platform gives users plenty of choice when it comes to third-party trading platforms. Users can choose between MetaTrader 4, MetaTrader 5, and TradingView, all of which are a favorite of traders. Selecting MetaTrader 4 or MetaTrader 5 gives users access to various technical indicators, custom tools, and expert advisors.

On the other hand, selecting TradingView allows users to trade directly from their charts while giving them access to hundreds of tools and features. Eightcap offers users a vast selection of over 200 crypto CFDs.

Fees

Eightcap is primarily a CFD broker. The platform charges spread, commissions, or a combination of both. Users on the platform can access two accounts: a RAW account and a standard account. The RAW account offers ultra-low spreads starting at just 0.0 pips. However, it charges $3.5 RT per lot. Meanwhile, spreads on the standard account start from 1 pip.

6. Plus500 – Excellent platform known for its reliability and transparency

Plus500 is perhaps the best cryptocurrency trading platforms in Australia for reputational purposes. This platform has established itself as one of Australia’s most transparent and reliable platforms. Fees are straightforward to understand, meaning traders know exactly how much they need to pay. Traders can access over 2500 financial instruments, which include CFDs on stocks, forex, commodities, and cryptocurrencies.

The platform has something for everyone, no matter what their experience. Zero commissions and tight spreads further add to the platform’s popularity.

Features

Plus500 offers users an array of unique features that give it a leg up on some of the other platforms in our guide. This includes push notifications, alerts for price movements, and an in-house market sentiment indicator: the platform’s trading tool, Insights, leverages real-time data to identify profitable trades. As a publicly traded entity, Plus500 offers an array of financial products other than cryptocurrencies. These include forex trading, CFDs, individual shares, stock indices, commodities, ETFs, and futures.

Specifically, the platform offers 71 currency pairs, 19 cryptocurrency pairs, 23 commodities, 1737 equity CFDs, 97 ETFs, 34 Index CFDs, and 877 options contacts. 

Fees

Now, let’s look at the fees on Plus500. The platform does not charge commission; instead, it takes a cut from the bid/ask spread. Spreads on the platform start from 0.01% or 0.9 pips, varying depending on the instrument being traded. The platform also levies an inactivity fee on accounts that have been inactive for over three months.

7. AvaTrade – Top-rated broker offering secure trading services

AvaTrade is a global CFD crypto trading platforms that offers trading on more than 70 major and minor crypto coins and pairs in Australia. The platform also offers users powerful trading software to anyone wishing to trade professionally.

While AvaTrade is a CFD broker, it offers users major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). Users can also access third-party platforms on AvaTrade, including MetaTrader 4 and MetaTrader 5. It also boasts of an award-winning app, AvaTradeGo.

Cryptocurrencies Available

Currently, AvaTrade offers 20 crypto pairs, including Bitcoin and Ethereum. Some of the assets available on the platform are

• Bitcoin (BTC)
• Ethereum (ETH)
• Dash (DASH)
• Stellar Lumens (XLM)
• EOS (EOS)
• Litecoin (LTC)
• Bitcoin Cash (BCH)
• Chainlink (LINK)
• Polygon (MATIC)
• Uniswap (UNI)
• Wrapped Solana (WSOL)

The platform does not charge any trading fees when it comes to cryptocurrency trading. However, it charges a spread that starts at 0.15% over the market for BTC/USD. More volatile cryptos come with higher spreads.

AvaTrade Features

AvaTrade is extremely easy for beginners and has a simple, intuitive interface. The trading platform can be accessed directly from the web browser for those who do not want to use third-party software. AvaTrade also offers a free demo account where users can sign up without making a deposit. However, this window lasts only for three weeks. While the MetaTrader interface is complex, AvaTrade’s web experience is significantly easier to navigate.

The platform also offers Copy Trading and Social Trading features through its DupliTrade platform.

Fees

As mentioned earlier, AvaTrade does not charge any commissions on trades, including crypto trades. Instead, the platform includes a fee in the bid/ask spread. Additionally, the platform charges an inactivity fee if users don’t log into their accounts for three months.

8. Kraken – An excellent, beginner-friendly crypto trading platform

The next platform to consider from our list of the best cryptocurrency trading platforms in Australia is Kraken. This platform allows users to buy, sell, and trade crypto assets. It offers competitive fees and over 220 major cryptocurrencies. The platform is noted for offering spot trading at current market rates and cryptocurrency futures.

Kraken is one of the oldest crypto trading platforms in the market, founded in San Francisco in 2011. The exchange maintains a presence in over 190 countries, supporting individual traders and institutional investors.

Kraken offers users two distinct platforms, Kraken and Kraken Pro. Kraken is better suited for beginners, while more experienced traders will prefer the Kraken Pro platform. We will discuss both platforms in more detail a little later.

Cryptocurrencies

Now, let’s talk about the cryptocurrencies available on the platform. As we mentioned earlier, Kraken supports over 200 major cryptocurrencies. Major assets available on the platform are,

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Polygon (MATIC)
• Solana (SOL)
• Cardano (ADA)
• Dogecoin (DOGE)
• Polkadot (DOT)
• Uniswap (UNI)
• Sushiswap (SUSHI)
• Tether (USDT)
• USD Coin (USDC)

Additionally, Kraken supports several major fiat currencies such as the USD, EUR, and GBP. 

Trading Experience

We had mentioned that Kraken offers two separate trading platforms to its users. Kraken and Kraken Pro. Depending on your trading experience and goals, you can choose either one of these platforms. Let’s look at each platform in more detail, starting with Kraken.

Kraken is ideal for beginners who have no or limited trading experience. Traders can verify their account and quickly begin trading by purchasing crypto using a linked bank account. Kraken also simplifies currency conversion between currencies held in your account. Once you have created your account and logged in, you can enter an order using a straightforward form, as shown below.

This allows traders to purchase crypto using their bank accounts and avoid funding their eToro account. Kraken encourages all users to enable two-factor authentication to add an extra layer of security to the platform.

Now, let’s talk about Kraken Pro. Kraken Pro is Kraken’s advanced offering and can be accessed through a web browser and smartphone. Kraken Pro is suited for more advanced traders, providing detailed asset information, active charts, and access to open orders. An example of the platform’s layout is shown in the image below.

Kraken Pro can be accessed by all users irrespective of trading experience. Additionally, the platform provides an advanced trading interface with lower fees than the primary platform.

Security On Kraken

Kraken encourages users to be proactive when securing their accounts. Once your trading account has been funded, Kraken encourages users to enable two-factor authentication. Users can set different codes for signing in, withdrawals, and trades. Kraken also allows users to lock their accounts if they suspect the account has been compromised.

Fees On Kraken

Fees on Kraken depend on the platform used and the trade entered. All trades are subject to spread fees. These are applicable on both platforms. Let’s look at the fees on both platforms separately.

Kraken charges a percentage fee of the transaction and a spread as well on its primary trading platform. All transaction fees are displayed before they are confirmed, with any additional applicable fees depending on the funding method.

On Kraken Pro, the prices are significantly lower compared to the main platform. The fees are based on the trading volume over the past 30 days. Generally, the trades on Kraken Pro are subject to a 0.26% taker fee and a 0.16% maker fee. But what are maker and taker fees? Maker fees are applied to maker orders. These trades are not instantly matched against existing orders, helping add liquidity to the platform. Meanwhile, taker fees are charged on orders that match against an outstanding order from another user.

9. Crypto.com – Secure platform facilitating crypto trading

The final provider to consider from our list of the best Australia cryptocurrency trading platforms is Crypto.com. The platform supports various financial products such as trading, investing, staking, NFTs, wallets, cryptocurrencies, and more. In fact, the platform offers over 250 cryptocurrencies at reasonable fees and discounts.

Traders on Crypto.com can buy, sell, and trade a plethora of crypto assets at low fees. It also offers a crypto debit card, a crypto wallet, a decentralized exchange, and an NFT marketplace. Crypto.com also offers staking services, allowing users to earn up to 14.5% interest. However, users must lock their assets for a specific amount of time.

Cryptocurrencies

As mentioned earlier, Crypto.com supports over 250 cryptocurrencies. Some of the most popular assets available on the platform are:

• Bitcoin (BTC)
• Ethereum (ETH)
• Dogecoin (DOGE)
• Cardano (ADA)
• Polkadot (DOT)
• Solana (SOL)
• Chainlink (LINK)
• Shiba Inu (SHIB)
• Bitcoin Cash (BCH)
• Stellar (XLM)
• Litecoin (LTC)

Fees

Users on Crypto.com must pay a 0.075% fee on trades with a monthly trading volume of less than $250,000. While trading fees are lower than other platforms, they are not the lowest. High-volume traders can qualify for fees as low as 0 as a maker or 0.05% as a taker without CRO staking. Discounted fees are available if you hold at least 1000 CRO tokens in your wallet.

Security

Crypto.com uses several measures to secure accounts on the platform. This includes multi-factor authentication and address white-listing. It also encourages users to use a strong password to protect their account. The platform also employs robust compliance monitoring methods and stores almost all customer deposits offline in cold wallets to secure funds from hackers. Additionally, the FDIC ensures US Dollar balances up to $250,000.

How we Select the Best Australian Cryptocurrency Trading Platforms

Now that we have reviewed the best cryptocurrency trading platforms in Australia let’s look at some crucial factors you must consider when selecting a trading platform. When selecting a crypto trading platform, keep your trading goals in mind. You can select the platform and begin trading depending on your trading goals. Let’s look at some of the factors you must consider.

Mobile App

Another core feature offered by the best cryptocurrency trading platforms in Australia is a fully optimised mobile app for IOS and Android.

A dedicated mobile app makes a trading platform more attractive to users. Nearly all prominent crypto trading platforms offer users a dedicated mobile app compatible with Android and iOS. Mobile trading apps allow traders to view their trades and quickly adjust their positions depending on market price movements.

Minimum Deposits

Minimum deposits are another factor to consider when selecting the top-rated cryptocurrency trading platform in Australia. Some platforms do not have any minimum deposit requirements, making them an excellent choice for beginners. However, some platforms may impose minimum deposit requirements depending on the trading requirements and goals.

Beginners and casual traders prefer platforms that do not have a minimum deposit requirement. However, more experienced traders prefer platforms with minimum deposit requirements, which may offer more benefits and features.

Customer Support

Customer support is one of the most important factors when selecting a crypto trading platform. Platforms offering an efficient and responsive customer support team ensure timely assistance to traders. Access to customer support instills a sense of trust among traders, enabling the platform to facilitate a positive trading experience.

Interface

Always choose a platform that offers a user-friendly interface. A simple, intuitive user interface allows traders to navigate and access tools and features easily. This makes it effortless for traders of all experience levels.

Assets Available

Diversification is one of the most important concepts of trading. All traders are advised to diversify when trading. This is why selecting a trading platform offering a range of cryptocurrencies and traditional tradable assets is important.

Fees

Understanding the fee structure when signing up on a trading platform is crucial. This is because fees and commissions vary from platform to platform. Check for non-trading fees, such as deposit fees and withdrawal fees, and the interest rates when margin trading.

Regulation And Security

The most important thing to consider when choosing the best cryptocurrency trading platforms in Australia is whether or not the provider is regulated.

Crypto trading in Australia is subject to strict regulations. The Australian Securities and Investments Commission (ASIC) regulates the best crypto trading platforms in Australia. This ensures that platforms comply with strict regulations, ensuring a secure and transparent trading environment.

Ease Of Use

A crypto trading platform must offer users an intuitive, easy-to-use interface that is simple to understand. It should also offer a dedicated mobile app, allowing traders to make trades and view their portfolios. Apart from its simplicity, the platform must also offer advanced trading tools and charts and support third-party integrations.

Account Verification

When you create an account on an Australian crypto trading platform, you will be asked to furnish personal details and identification documents. Before selecting the platform, check the verification process. This allows you to collect all relevant documents and keep them at hand to ensure a seamless verification process.

There are currently hundreds crypto trading platforms accepting Australian users. Vetting them to find the best crypto trading platform that appeals to your need can be quite overwhelming. To help you get started, our experts outline above some of the factors traders need to give a maximal consideration to when looking for the top-rated crypto trading platforms in Australia.

What Is A Crypto Trading Platform?

Cryptocurrency trading platforms allow users to buy, sell, and trade cryptocurrencies. These platforms are generally owned by a single entity or a group of entities, although there are several decentralized exchanges in the market as well. They work similarly to a broker, allowing you to trade assets such as Bitcoin, Ethereum, Tether, and others. Some platforms allow you to purchase crypto using major fiat currencies such as the USD, euro, and GBP. Meanwhile, others only allow you to trade digital assets in pairs. 

One may purchase crypto for several reasons, chief among them being to speculate on price movements. Other reasons are, 

• Participating in a particular network’s governance. 
• Participation in consensus via staking
• Using the assets to pay network fees that power applications running on a distributed ledger. 

As investor interest in crypto grew, several trading platforms, functioning like e-brokers, offered an array of financial tools to enable trading. Traders on these platforms can also trade cryptocurrency among each other, trade crypto on margin, and allow price speculation on specific assets through crypto futures. 

Types of Crypto Exchanges

Before we move ahead in our guide on the best cryptocurrency trading platforms in Australia, it is vital to understand the types of exchanges in the market. As mentioned earlier, there are two types of crypto trading platforms in the market: centralized exchanges and decentralized exchanges. Let’s look at each in a little more detail.

Centralized Exchanges

A centralized platform/exchange is owned and operated by a centralized authority or entity. This authority controls all aspects of the platform and maintains complete control over accounts and the transactions done on the platform. Each transaction must be approved by the exchange, meaning users must completely place their trust in these platforms.

Centralized crypto platforms act as intermediaries between buyers and sellers, operating similarly to a stock exchange. Popular centralized crypto platforms include eToro, Coinbase, Binance, Gemini, and others. Centralized crypto platforms have several advantages, such as high liquidity and quick transactions. However, these platforms are susceptible to hacks and manipulation.

Decentralized Exchanges

Decentralized Exchanges function as autonomous decentralized applications that run on a public ledger. These platforms allow users to buy cryptocurrency without a centralized authority. Most centralized exchanges operate within specific jurisdictions, require licenses, and ask users to undergo strict KYC processes.

However, decentralized exchanges are autonomous and do not have such stringent requirements. Examples of decentralized exchanges include PancakeSwap, Uniswap, Kyber, and dYdX. These platforms rely on smart contracts, giving users greater security and preventing price slippage. However, the lack of an intermediary means users have no recourse if a trade is not executed as desired.

You might also like: Best Bitcoin And Crypto Casinos In Australia

How to Trade Crypto At Trading Platforms

Want to start trading crypto assets in Australai right away? We recommend trading throigh the all-popular, low-cost, and highly reputable trading platforms. Follow this step-by-step crypto trading guide to get started.

Step 1: Create An Account

The first step is to create an account. To do this, visit the eToro website and click the “Create Account” button. You will then be prompted to enter your name, address, mobile number, and email address. The platform will send you a verification code on your mobile number. You will also need to verify your email address. When creating an account, make sure to create a strong password to secure your account.

Step 2: Complete KYC

The next step is to complete your KYC. To do this, you must submit some documentation and additional personal details. eToro will verify the details independently to comply with KYC and AML norms. To complete the KYC process, you must submit your name, phone number, email address, date of birth, and country of residence. You will also be required to submit a proof-of-address and government-issued ID.

Step 3: Deposit Funds

Once your account has been verified, eToro will allow you to deposit funds into your eToro account. eToro supports several payment modes, such as debit cards, credit cards, bank wire transfers, and e-wallets like PayPal.

Step 4: Search For Crypto Assets

After funding your account, you can begin trading. To start, you must first search for the desired crypto asset. Use the “search” function on eToro to search for the cryptocurrency coins you wish to trade. Once you find the asset, click the “Trade” button to start.

Step 5: Trade Crypto

The last step is to purchase your crypto. To do this, click the “Trade” button and fill out the required information. Once done, click the “Open Trade” button and place your trade.

Conclusion – Cryptocurrency Trading Platforms In Australia

In this guide, we have gone over the best cryptocurrency trading platforms In Australia to help you decide which platform suits your trading needs. This guide has also covered several aspects, such as platform fees, supported payments, and cryptocurrencies offered, among other things. We have also directly compared the various platforms and discussed factors you must consider when selecting a platform.

We found eToro to be the overall best crypto trading platform in Australia, offering many trading features combined with a simple and intuitive interface.

eToro Exchange

• Free Copy Trading of Professional Traders
• Best Crypto Trading Platforms
• Minimum Deposit Only $50
• Best Beginner Stock Exchange
• Open to AU & Worldwide

9.9

Visit eToro

Cryptoassets are a highly volatile unregulated investment product.

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Author: Kamal Masri

Kamal is an experienced financial analyst with a demonstrated history of working in the Financial Market. Skilled in Equities, Capital Markets, Portfolio Management, Risk management, and Corporate Finance. Kamal has worked at some of the leading online finance publications providing his expert knowledge on cryptocurrency. Kamal has written widely on digital assets across the stock and crypto media space and beyond, including for Coindesk, Ethereum World News and The FinTech Times.

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