Cryptocurrency exchanges are very popular with users of digital money networks. This is due to the fact that not everywhere you can pay with bitcoin, ether, or other crypto coins, however, you can buy any product or service with them, having previously exchanged for fiat (traditional money). In this article, we will tell you about the peculiarities of working with cryptocurrency exchange Australia.
What is an exchange?
An exchange is a trading floor where commodities, securities, derivatives and other financial instruments are traded (this is where the cryptocurrency falls).
The main purpose of the exchange is the transparent sale of financial instruments and the effective dissemination of price information to both buyers and sellers.
Investing in cryptocurrency can be a daunting task for newbies. The cryptocurrency is still relatively new and therefore the implementation of this alternative currency system is still in its infancy. The news is full of stories about people being deceived by unscrupulous characters. …
Many people have indeed become victims of crypto scams. It should also be said that now is the best time to invest in cryptocurrency, as its popularity is growing now.
Top Crypto Exchanges in Australia
We’ve covered all of our basics; suffice it to say that we think you have a working understanding of cryptocurrency and exchanges. Without wasting any more precious time, let’s get straight to our list of the best cryptocurrency exchanges in Australia.
Swyftx
Swyftx is a cryptocurrency exchange platform registered with AUSTRAC. On this platform, you can buy and sell cryptocurrency for Australian dollars. The team behind this exchange wanted to create a platform that is beginner-friendly, yet robust enough for experienced investors to find useful.
Swyftx was created to eliminate the typical frustrations associated with other Australian cryptocurrency exchanges. The main frustration that most cryptocurrency exchange users face is the verification and waiting period associated with account approval.
Go to website: https://swyftx.com/au/
Binance
Binance is one of the largest cryptocurrency exchanges in the world with over 250 digital trading pairs traded. The exchange platform offers instant withdrawals and deposits in Australian dollars and is supported by over 100 Australian banks and financial institutions.
CoinSpot
CoinSpot was founded in 2013 to help Australians buy cryptocurrency safely online. The company has a good reputation and ranks among the trusted brands in Australia when it comes to cryptocurrency exchange.
CoinSpot supports multiple payment methods for users who want to open an account with them. The most popular deposit method is bank transfer. If you deposit from an Australian bank account, there is no deposit fee.
Digital surge
Digital Surge is a crypto exchange based in Brisbane and provides a fast and easy way to buy and sell digital currency with Australian dollars. The mission of the exchange is to offer Australian citizens a beginner-friendly cryptocurrency exchange platform.
etoro
This exchange platform is great for beginners looking to speculate on cryptocurrency prices. Thus, the cryptocurrency exchange provides a simple platform for speculating on various cryptocurrencies and cryptocurrency CFDs. eToro operates on a spread instead of a flat fee.
Conclusion
Cryptocurrency is the future of currency around the world as the current fiat financial system has too many bottlenecks. Investing in multiple cryptocurrencies for your future is a smart move, and choosing the right exchange platform for that is important. We hope our list of the best crypto exchanges in Australia will help you make an informed decision, but always consult your financial advisor for financial advice.
