Best Cryptocurrency Exchanges in Australia

If you’re in the land down under and you want to find the best cryptocurrency exchange in Australia, you know you have plenty of options. The problem is, which one is the right one for you? Not all cryptocurrency exchanges are the same. Some offer anonymity while others offer security. One might allow you to use AUD, while another only accepts crypto. That’s why we’ve made a list of the best cryptocurrency exchanges in Australia. Continue reading to find the one that makes the most sense for you.

The Best Cryptocurrency Exchange in Australia: Top 10 Comparision

Website
  • Image result for plus500 logo
  • Image result for coinbase logo
  • Image result for binance logo
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  • Image result for coinmama logo
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  • Image result for coinspot logo
  • Image result for changelly logo
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Currency
  • AUD EURO GBP More
  • AUD GBP EUR USD CAD SGD
  • Only supports Crypto
  • USD GBP
  • AUD GBP EUR USD CAD More
  • USD EUR
  • USD EUR
  • AUD
  • USD EUR GBP
  • GBP USD EUR
Cryptos
  • Bitcoin
    Bitcoin Cash
    Ethereum
    Litecoin
    Ripple XRP
    Neo
    IOTA
    Many More
  • Bitcoin
    Ethereum
    Litecoin
    Ripple XRP
    BAT
    Stellar
    ZEC
    DAI
    ZRX
    Bitcoin Cash
  • Bitcoin
    Ethereum
    Ripple XRP
    Litecoin
    120 other cryptos
  • Bitcoin
    Ethereum
    Ripple XRP
    Litecoin
    Bitcoin Cash
    Stellar
  • Bitcoin
  • Bitcoin
    Ethereum
    Ripple XRP
    Litecoin
    Bitcoin Cash
    Cardano
    QTUM
    ETC
  • Bitcoin
    Ethereum
    Litecoin
    Ripple XRP
    Over 100 other cryptos
  • Bitcoin
    Ethereum
    Ripple XRP
    Litecoin
    Doge
    Dash
    Many others
  • Bitcoin
    Ethereum
    Ripple XRP
    Cardano
    Many More
  • Bitcoin
    Ethereum
    Litecoin
    Tron
    Binance Coin
    Bitcoin Cash
    IOTA
    Stellar
    NEO
Fees
  • No-Commission Broker
  • 4%
  • 0.10%
  • Daily fees
  • 0.01% service fee + variable fee based on seller's discretion
  • 5.50%
  • 0.10%
  • 1%
  • 0.5% per transaction
  • 1% - 2.5% per transaction

Exchange Short Reviews

1. Plus500

  • 📈 Avaliable Cryptos: BTC, ETH, XRP, LTC, BCH & IOTA
  • 💳 Deposit Methods: Credit/DebitCard, PayPal, Skrill, Bank Transfer
  • 💲 Accepted Currencies: AUD, GBP, EUR
  • 🎧 Support: 24/7 Live Chat & Email
  • 💰 Fees: No Commission Broker

80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500UK Ltd authorized & regulated by the FCA (#509909). You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the Plus500 website.

About Plus500
Plus500 is a popular contract for difference in Australia, abiding by all of the country’s crypto rules and regulations. If you’re looking for a great way to learn more about the ins and outs of the cryptocurrency community without holding any digital currency, using a CFD exchange like Plus500 is a good place to start.

The reality is that Plus500 is one of the preeminent CFD brokers in the world. This exchange provides an easy to use platform as well as some of the best-ranked trading applications on the Apple App Store and Google Play. While Plus500 doesn’t offer a large choice of cryptocurrencies, it does gives its users nearly any tool required for online trading.

Users on the Plus500 exchange are participating in contracts for difference. These contracts are backed by digital currencies but aren’t the currencies themselves. As a result, users don’t need to have digital wallets to store their cryptocurrency. Each transaction occurs on one regulated platform, through a single user account. Because of this, Plus500 is considered one of the best CFD exchanges around for buying and selling digital currencies.

Plus500 supports over 50 countries, which includes Australia. With a live chat support option, this platform offers top of the line customer service. So if you’re having a problem with your account or making a trade, you can reach out to someone and get an answer almost immediately.

2. Coinbase

  • 📈 Avaliable Cryptos: BTC, ETH, XRP, LTC, BCH, BAT, XLM, ZEC, DAI, ZRX
  • 💳 Deposit Methods: Credit/debit card, bank transfer & PayPal
  • 💲 Accepted Currencies: AUD, GBP, EUR, USD, CAD, SGD
  • 🎧 Support: Email & FAQ’s.
  • 💰 Fees: 4%

About Coinbase
Coinbase is easily one of the most popular and recognizable cryptocurrency exchanges in the world. This easy to use platform is at the forefront of cryptocurrency exchanges, however, Coinbase is also making in-roads for customer adoption as well. Some might argue that this is in part due to the companies that have developed partnerships with Coinbase. Overstock, Dell, Expedia, and many others are involved in cryptocurrency thanks to Coinbase’s marketing strategy.

Coinbase was established during the summer of 2012. At the time it was founded, the exchange only focused on Bitcoin and a handful of cryptocurrencies. Today, Coinbase offers support for over twelve digital coins, plus the exchange is an easy way to get started in the world of crypto. If you need a digital wallet, don’t worry: Coinbase has you covered.

Coinbase is an excellent exchange option for anyone who resides in Australia and is looking for a reliable and secure crypto platform. However, bear in mind that using Coinbase as your primary exchange does have a price. You’ll encounter high fees when you use this platform, usually seeing transaction charges between 1.49% and 4.00%.

If you’ve spent any time in the world of crypto, then you know that paying lower fees is one of the reasons to use it. Some argue, however, that Coinbase is worth the cost, as it’s an easy to use platform, especially for those new to the community. The way to avoid these types of fees is to learn all you can on Coinbase, then move on to another exchange.

Users can buy cryptocurrencies through Coinbase using their credit or debit cards or bank transfers. This popular exchange is ideal whether you’re new to crypto or a veteran who needs to quickly purchase digital assets.

3. Binance

  • 📈 Avaliable Cryptos: BTC, ETH, XRP, LTC & 120 other cryptos
  • 💳 Deposit Methods: Crypto only
  • 💲 Accepted Currencies: Crypto only
  • 🎧 Support: Email ticket
  • 💰 Fees: 0.10%

About Binance
Binance is one of the newer exchanges to hit the market, however, it is quickly making a name for itself and has become very popular. This exchange boasts very high trading volumes, offers a long list of cryptocurrencies, and gives its users a wide variety of trading options. The platform resides in Hong Kong, but it supports almost every country in the world.

Users will enjoy Binance’s easy to navigate interface, which is ideal for anyone wanting to learn more about crypto. Plus, users have a wide array of tools at their disposal which is perfect for those who have been trading and need more advanced features. Users also have access to plenty of trading pairs, one of which is the exchange’s own Binance token. If a user chooses to trade with BNC, they’ll pay lower fees than they would otherwise.

With Binance, users get low trading fees, a long list of digital assets to trade, buy, or sell, and a great trading experience. These features and more make it one of the best cryptocurrency exchanges in Australia. Whether you’re experienced or not, Binance is an excellent option. As long as it continues being a great exchange with plenty of features for its users, Binance is a solid choice.

4. eToro

  • 📈 Avaliable Cryptos: BTC, ETH, XRP, LTC, BCH, XLM
  • 💳 Deposit Methods: Credit / Debit card, Neteller, Skrill, Wire Transfer & More
  • 💲 Accepted Currencies: GBP & USD
  • 🎧 Support: Email, Facebook & eToro Friends
  • 💰 Fees: Daily fees

About eToro
The eToro trading exchange was founded in 2007, providing a platform which, at the time, offered a way to perform online trading to millions of people. When it was founded, a platform for online trading wasn’t very common. Since its inception, eToro has lead the way for online trading by implementing new technologies and capabilities into its platform.

For instance, eToro developed a social feature on its platform, which debuted in 2011. Using this feature, users on eToro can mimic the trading behaviors of others, enabling them to have success where others do.

Soon after, eToro became one of the first online trading exchanges to offer Bitcoin. Being listed on eToro helped to give Bitcoin more legitimacy, even though the cryptocurrency was greeted with skepticism at the time. As the demand for Bitcoin trading continued to rise, eToro decided to include more digital assets on its platform. In 2017, eToro added Litecoin, Ripple, and Ethereum. The exchange continues to grow its crypto offerings, adding more coins on a regular basis.

Today, the exchange boasts in excess of 8 million users, which hail from around the globe. The exchange has entrenched itself as a legitimate trading option in the world of crypto. eToro offers its users a platform that is easy to navigate and gives them the resources they need to trade successfully.

It would be ideal if eToro had more digital assets available to trade, however, the exchange has shown that it is a solid and reliable option when it comes to buying, selling, and trading cryptocurrency.

5. Paxful

  • 📈 Avaliable Cryptos: Bitcoin only
  • 💳 Deposit Methods: Gift cards, Western Union, PayPal, Skrill, Neteller ApplePay, AmEx & more.
  • 💲 Accepted Currencies: AUD, GBP, EUR, USD, CAD & More
  • 🎧 Support: Email
  • 💰 Fees: 0.01% service fee + variable fee based on seller's discretion

About Paxful
Many within the crypto community consider Paxful to be the “Uber of Bitcoin.” Founded in 2015, this well-known peer-to-peer exchange gives sellers and buyers a platform on which they can interact with one another. This platform is available to anyone on the planet and accepts many different types of payment.

There is, however, one place where users cannot access Paxful. New York state does not have the required BitLicense, which means Paxful cannot operate in the state. While Paxful highlights certain countries on its site, don’t think that it is limited to those specific regions or areas.

Using Paxful is straightforward and simple. Just provide the site with a valid email address, finish registering, and you’re ready to go. Now you can find a seller who matches the amount of Bitcoin you want to buy and also accepts the payment method you want to use. Keep in mind, however, that the way you pay can impact the number of sellers you have available.

Another thing to remember when using Paxful is that you’ll probably wind up paying more for Bitcoin than you will on other exchanges. This is because sellers are worried about getting taken advantage of when selling Bitcoin through Paxful. As long as the extra cost isn’t a deterrent for you, Paxful is a great way to buy cryptocurrency in Australia.

6. Coinmama

  • 📈 Avaliable Cryptos: BTC, ETH, XRP, LTC, BCH, ADA, QTUM, ETC
  • 💳 Deposit Methods: Credit/ Debit Card, Bank Transfer, Cash
  • 💲 Accepted Currencies: USD & EUR
  • 🎧 Support: Email Form & Facebook
  • 💰 Fees: 5.50%

About Coinmama
Coinmama is a cryptocurrency exchange which has been in existence since 2013. This well-known platform is a way to safely purchase digital assets like Bitcoin and Ethereum. Coinmama has a reputation for being a reliable and reputable exchange, providing an easy to use interface for its users. The platform operates in Israel, however, it is registered under NBV International in Slovakia.

The Coinmama exchange is centralized and has over one million users on its site. This many users is a result of all the countries Coinmama supports. At the time of writing, the platform supports over 180 countries, all of which can use Coinmama to buy digital assets.

Anyone who uses the Coinmama exchange on a regular basis finds that it is safe and secure. Additionally, this platform supports the following cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Cardano, Ripple, and QTUM. Users can purchase all of these cryptocurrencies with their credit card through the Coinmama exchange.

One thing to keep in mind when you use Coinmama is that the exchange does not offer a built-in wallet. If you’re going to use Coinmama, you’ll need to create your own offset wallet prior to purchasing your cryptocurrency.

7. KuCoin

  • 📈 Avaliable Cryptos: BTC, ETH, XRP, LTC & Over 100 other cryptos
  • 💳 Deposit Methods: Crypto only
  • 💲 Accepted Currencies: Crypto only
  • 🎧 Support: Email
  • 💰 Fees: 0.10%

About Kucoin
The next exchange on our list, KuCoin, is another exciting cryptocurrency platform that is among the best cryptocurrency exchanges in Australia. Located in South Korea, KuCoin is similar to Binance in that it supports plenty of altcoins that other exchanges don’t. KuCoin also prides itself on listing new projects before other exchanges.

KuCoin is well-known for confirming deposits on its platform quickly. That means you don’t have to wait a few days – like with some other platforms – before you can use your funds to start buying, selling, and trading. You can get started immediately. This feature is primarily due to KuCoin focusing on crediting your funds to your account just a few seconds after the transaction is approved.

The platform also resembles Binance in that it has its own exchange coin, KuCoin. This ERC-20 token (KCS), provides users with significant fee discounts when using it for trades. This applies to making trades in KCS, instead of BTC or ETH. KuCoin does, however, return more than 90% of its fees to users who hold the KCS coin.

8. CoinSpot

  • 📈 Avaliable Cryptos: BTC, LTC, DODGE, ETH, NEO, GAS, POWR, XRP, TRX, EOS
  • 💳 Deposit Methods: Bank or Newsagent Cash Deposit
  • 💲 Accepted Currencies: AUD
  • 🎧 Support: Email
  • 💰 Fees: 1%

About CoinSpot
CoinSpot is a cryptocurrency exchange that caters primarily to the Australian market. That doesn’t mean the exchange isn’t accessible worldwide, as CoinSpot is a borderless platform. It is, however, still an exchange, which means it is subject to local regulations and laws.

On CoinSpot, users can buy, sell, or trade well over one hundred different digital assets. Since the exchange is based in Australia, users can deposit AUD directly into their accounts and start trading. They can also withdraw their funds right to their Australian bank account if they live locally.

Established in 2013, this exchange has grown into one of the premier platforms in Australia. The site is user-friendly, and signing up is quick and simple. Navigation on the site is streamlined, so users won’t get confused and make poor decisions. No matter which way you spin it, CoinSpot is one of the best cryptocurrency exchange Australia.

9. Changelly

  • 📈 Avaliable Cryptos: BTC, LTC, XRP, ETH, Cardano & Many more
  • 💳 Deposit Methods: Crypto & Credit card
  • 💲 Accepted Currencies: GBP, USD, EUR
  • 🎧 Support: Email
  • 💰 Fees: 0.5%

About Changelly
Changelly does things differently than your typical cryptocurrency exchange. Instead of keeping users’ funds in a wallet that resides on their exchange, Changelly only performs the conversion piece of the transaction. Users decide which digital asset they want to purchase, then enter how much crypto they already have. Changelly does everything else for the user.

So if you want to buy 0.1 Ripple using the equivalent amount of Ethereum, Changelly will find the current market rates, then completes the transaction. This happens after the user sends the appropriate amount of Ethereum to the address provided by Changelly. Then, the exchange needs the corresponding Ripple amount to finish the sale.

With this type of exchange, Changelly removes the extra step needed for trading digital assets in real-time. One thing to keep in mind when you’re exchanging cryptocurrencies is that Changelly takes 0.5% of each transaction for itself.

10. IQ Option

  • 📈 Avaliable Cryptos: BTC, LTC, ETH, TRX, BNB, BCH, IOTA, XLM & NEO
  • 💳 Deposit Methods: Debit & Credit card
  • 💲 Accepted Currencies: GBP, USD, EUR
  • 🎧 Support: Email
  • 💰 Fees: 1% > 2.5% per transaction

About IQ Option
One of the most well-known binary options brokers is IQ Option. If you’re new to the world of cryptocurrency, this is a great place to gain experience and knowledge. For example, IQ Option offers its users plenty of graphs. Users have plenty of options, including candlestick graphs, which let them see specific indicators to determine whether they should sell or buy.

Much of the success IQ Option is having is largely because it’s one of the fastest expanding binary exchange options available on the market. IQ Option has over 30 million users and its mobile app ranks at the top of the Google Play store. When it comes to binary options exchanges, IQ Options constantly resides at the top of the list.

In addition to giving its users an excellent exchange experience, IQ Option also sends alerts which educate on how to trade and in-depth instruction on using its platform. So, if you want to learn more about how trading works, IQ Option can send you notifications about hedging, rollovers, and other helpful documentation.


Why Review Exchanges?

Just starting out in the world of cryptocurrency can be challenging and intimidating. Therefore, finding the best cryptocurrency to buy, sell, and trade is of the utmost importance. Reviewing and gathering information about exchanges aids in understanding while making the entire process simpler. This helps you find important information about the exchange you’re considering.

We suggest thoroughly reviewing each exchange before you start buying, selling, and trading cryptocurrencies. Our list gives you a good starting point, but you probably don’t want to start using an exchange only to discover a week later that it was hacked. That’s why we review exchanges for you. Then you can make an educated and informed determination.


Crypto Exchange FAQ’s

It can be difficult to learn about cryptocurrency, especially when you’re just starting. We want to help you learn more about the best cryptocurrency exchanges, so here are some commonly asked questions that will help you navigate your way through the world of cryptocurrency.

What Was the First Cryptocurrency?

Bitcoin became the first cryptocurrency to become available in 2009. This decentralized asset was part of the ground-breaking technology that created a new method of moving money around the world. While Bitcoin was used for nefarious activities when it first came onto the scene, it is primarily used for digitally storing value. In recent years, Bitcoin has shown significant growth as its value is realized by more and more users.

Who Developed Cryptocurrency?

An innovative and talented software developer by the name of Satoshi Nakamoto is given credit as the inventor of digital currency. There is still uncertainty around whether Nakamoto is a pseudonym or an actual person. Regardless, it is the name that is on the first white paper, which outlines Bitcoins code. Unfortunately, we may never know Nakamoto’s real identity.

Are Cryptocurrency Exchanges Secure?

Bear in mind that there is always an inherent risk when it comes to cryptocurrency exchanges. Exchanges have been hacked due to poor security processes and methods. This is one of the main reasons why cryptocurrency adoption hasn’t taken off as quickly as it should.

Today’s exchanges, however, have significantly improved. That means the chances of a hack occurring are getting lower and lower the longer exchanges exist. This is largely due to regulation taking place throughout the globe. Still, it’s probably wiser to keep your cryptocurrencies in an offsite wallet so they are protected and secure.

Where Should I Store My Cryptocurrency?

The answer to this question depends a lot on how much trading, buying, or selling you do. If you do a lot, you’ll run into paying fees on the all the transactions you make moving your cryptocurrency from your wallet and back to the exchange. It might make more sense for you to just keep your digital assets on the platform you’re using. However, if you seek a longer-term solution, then you might look for a hardware or digital wallet.

What is a Cryptocurrency Wallet?

With a digital wallet, you can store, send, or receive your preferred digital assets from a secure place. Most digital currencies have their own wallet which you can download. Of course, there are other options available which store more than one coin in the same place. There’s also the option to keep your cryptocurrencies on a paper or hardware wallet.

We suggest you store your digital assets in a wallet so they’re safe if the exchange you use gets shut down or hacked. Even though these types of situations don’t occur on a regular basis, it has happened. As a result, the safest way to keep your funds safe is through the use of a hardware wallet.


Types of Exchanges

A lot of the people who are new to cryptocurrencies don’t know that there are different types of options available when it comes to exchanges. Users can choose between decentralized exchanges, centralized exchanges, CFD brokers, and peer-to-peer exchanges. Here’s a glimpse into each of these types of exchanges, including our pick for each one.

Peer-to-Peer Exchange

Because of their propensity to potentially appeal to scammers, peer-to-peer exchanges sometimes have a bad reputation. That doesn’t mean they can’t be trusted. Paxful, for instance, has designed its platform so that trades are performed in a trustless manner. With Paxful, the cryptocurrency is held in an escrow account until the transaction is complete. If you plan to use a peer-to-peer platform for your cryptocurrency purchases, we highly suggest Paxful.

A peer-to-peer exchange will pair up a user who wants to buy cryptocurrency with someone who is selling. Put simply, Paxful connects individuals and allows them to trade with one another. The platform allows sellers to determine how much they’re willing to pay and dictate the payment methods they’ll use.

Most sellers on the Paxful exchange accept wire transfers, PayPal, and credit cards. Some will even accept gift cards as payment. Paxful does the work for the buyer by finding sellers who line up with their requests and payment types. Remember that when you use Paxful, the exchange takes a portion of each transaction as payment for pairing up the buyer and seller.

Centralized Exchange

When you think of a centralized exchange, think of an intermediary which assists you during the trading process. The exchange keeps your funds on its platform, which it holds until the trade is finalized. When it comes to centralized exchanges, we really like Binance. There are many benefits to using this exchange for your cryptocurrency trading needs. It’s straightforward and easy to use, the interface is simple, and Binance basically takes care of the trading process for you.

Binance offers a UI that’s easy to navigate and provides excellent customer support to its users. Additionally, traders who like using these types of platforms usually prefer to have a company purchase Bitcoin for them than through a distributed or anonymous network.

Keep in mind that there are a few disadvantages to centralized exchanges as well. Your digital assets are stored on the exchange, which means there’s always the potential that you could lose them if it’s hacked. Also, remember that centralized platforms charge fees and commissions to help them cover their costs and overhead. Finally, if the exchange is legally run, then it might have to yield to government oversight or regulations.

Decentralized Exchange

Decentralized exchanges, sometimes referred to as a DEX, is a platform which allows you to complete trades without the need to trust your funds to a third-party or escrow account. As a result, users don’t have to worry about potential hacks on the exchange that could result in users losing their funds.

Not to mention that the idea of establishing a completely trustless platform is tempting to those who are deeply involved with cryptocurrencies. Eliminating the middleman is what makes decentralized exchanges so appealing.

Our favorite decentralized exchange is Changelly. This is because it gives users a way to trade crypto without needing a third-party for governance. Additionally, users have a way to anonymously obtain cryptocurrency since decentralized exchanges don’t submit to governments or authorities who want to tax or track cryptocurrency.

Contract for Difference Broker

While most people enjoy trading digital assets, there are those who prefer not to have to mess with holding cryptocurrencies. For those people, there’s contract for difference, which allows users to buy a position, and not have to mess with buying and selling Bitcoin. Through this method, a brokerage firm offers the CFD. This gives users a way to fund Bitcoin or other cryptocurrencies while using real funds, and gaining profits.

Our preferred contract for difference exchange is Plus500. Through this platform, you have the ability to create a contract when Bitcoin reaches a specific price. When the coin reaches the amount you want, you close out the contract. You receive the difference in cash, which is why it’s called a contract for difference.

A CFD exchange usually supports Bitcoin and other large altcoins like Ethereum and Litecoin. As a result, there’s potential risk associated with using these types of platforms. Plus500 provides a fair amount of information on its user platform. Data like the current margin and position are handy when using a brokerage firm like Plus500. Simply put, if you want to use a contract for difference and not have to hold cryptocurrency, Plus500 is an excellent way to get exposure to the market.


Pointers for Choosing the Right Exchange

Choosing the right exchange isn’t always a straightforward decision, which is why you want to select one that makes the most sense for you. Listed above are some of the best cryptocurrency exchange Australia, plus the various types of platforms available. Even with all that information, here are a few other areas to think about as you choose your exchange.

Rates

You’ll find different exchange rates on various platforms. Don’t confuse rates with fees. These are specific to each digital coin as it relates to fiat currency. Before you decide on an exchange, determine the rates it provides based on the market. Crypto is a risky and volatile market, don’t subject yourself to unfair or overpriced rates.

Payment Fees and Methods

It can be frustrating to buy something online and then realize an additional charge or fee is associated with it. The same is true when applied to cryptocurrency. While avoiding fees is nearly impossible, you should always be aware of what you’ll be charged. Of course, the fees you pay will depend on the platform you select.

Also, keep in mind that different exchanges allow for different payment types. Do you need to use a credit or debit card? Does the platform accept PayPal? How easy is it to set up a wire transfer? You may also need to ascertain whether or not the exchange takes fiat currency. Some exchanges only accept crypto, which means you’ll have to find a way to get some beforehand. Find an exchange that has the payment method you need beforehand.

Verification

Typically, if a cryptocurrency exchange takes credit cards, it will ask for some type of identity verification. Expect to encounter higher fees due to the risk of fraud or theft. Also, remember that bank transfers may take longer to complete because of the extensive nature of the process.

A lot of the exchanges in Australia request some form of identification. Completing the process means you can withdraw and deposit your funds, whether that’s cryptocurrency or fiat. However, there are some platforms which give you the option to remain anonymous. If this is an important feature to you, make sure the exchange you want to use allows for it.

Identity verification through a platform can take as long as a few days, although most exchanges get it done in a couple of hours. The benefit here is that the exchange is attempting to weed out hackers and fraudsters so that everyone else using the platform is safe and their funds are secure.

Reputation

The reputation of an exchange might be one of the most important things to consider as you make your decision. Take a look at our reviews section to learn more about these exchanges and get an idea of how we view each platform.

Something else to think about is whether or not the platform has been hacked previously. If so, how did the exchange respond? What actions did it take on behalf of its users? Did it take care of the vulnerability?

Lastly, determine whether the exchange sets aside funds for clients in the event they are hacked? Digital assets left on the exchange means they can be stolen if the site is hacked. Make sure you find an exchange that has plenty of cold storage. This will help reduce the likelihood that your funds will get stolen.


Make an Educated Choice

You have plenty of choices when it comes to finding a solid cryptocurrency exchange. We have offered our list of what we believe are the best cryptocurrency exchanges in Australia. Binance, Paxful, CoinSpot, Plus500, and Coinbase are all excellent options with reliable features.

Do your due diligence and determine which exchanges will work best for you. However, be sure you aren’t cutting corners. The last thing you want is an exchange that’s not secure. Don’t trade safety for some short-term profits. You might end up losing all your investments.

Finding the right exchange is based on your needs. The most popular exchange may not necessarily be the right one for you. Take a moment and assess what you’ll do on a regular basis. Then, choose the platform that aligns with that behavior.

Further Reading At TotalCrypto.io
1) Chosen The Right Exchange For You & Want To Take The Opportunity To Trade Crypto? Get Started With Our Cryptocurrency Beginners Trading Guide.

2) Wondering Which Altcoins Are Worth Looking At? We Reveal the Top Altcoins We Are Looking At Right Now.

3) Searching For The Next Bitcoin? We Share Our Top Tips To Find The Next Massive Crypto.

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DISCLAIMER: Be aware that the activity of cryptoassets mentioned in this article is unregulated. This article must not be construed as investment advice. Always do your own research.

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