We found 11 online brokers that are appropriate for Trading Australian Bitcoin Investment Platforms.
Despite Bitcoin's legal use in Australia, hardly any Australians invest in such digital currencies due to a lack of basic knowledge for how to trade it. Purchasing Bitcoin is actually not too difficult for an Australian to do, but one needs to learn how to do it properly. Traders in Australia must beware of Bitcoin scammers and fraudsters that target new investors, as Bitcoin often attracts the highest number of beginners in comparison to other cryptocurrencies.
Using a crypto exchange platform might be the best and easiest way to buy Bitcoin. Traders can buy Bitcoin almost instantly through cryptocurrency exchange sites. Most of these sites support Bitcoin and other major digital currencies that you can invest in. Crypto exchange sites typically come with a user-friendly buying mechanism and platform interface, helping welcome Bitcoin investors of any level.
However, there are some factors you should weigh up when choosing a crypto exchange to trade with in Australia. These include fees, user experience, security, customer support, and so forth. Some crypto exchanges might offer low fees for Bitcoin purchases. Generally speaking, choose one that accepts AUD deposits so that you do not have to pay increased exchange fees. Take your time to compare different Bitcoin exchange platforms in Australia.
Once you have chosen a crypto exchange site, you will have to sign up for an account and verify it with your ID and email. However, some established and regulated exchange platforms may require additional documentation, such as photos, driving license, etc. Keep these documents handy when registering for a smooth application process. Be sure to create a strong password that you will remember in order to keep access to your exchange account secure.
Once your account has been set up, you will have to make a deposit before you can purchase Bitcoin. Choose a payment method that allows you to make a deposit with your AUD. Established exchange sites operating in Australia may accept bank transfers (ACH), credit cards, PayID, or POLI. Whenever possible, choose a payment method you feel comfortable with. In fact, some Australians choose an exchange platform to trade with solely based on the payment methods it accommodates.
Bitcoin is the primary global digital currency, but it still operates within a volatile market. Trading Bitcoin can either make you rich or poor, in a very short amount of time. Do not invest your money in Bitcoin excessively; only invest a sum that you are willing to lose.
Australians can legally purchase Bitcoin from reputable exchanges. After making a deposit, traders are now able to exchange the deposited AUD funds for Bitcoin. This means that you will buy Bitcoin with AUD in accordance with the current exchange rate. Depending on the exchange platform, you can enter the amount of Bitcoin you require and proceed with the purchase instantly. The process is like a money changer, and the money will be available in your exchange account immediately. However, it is highly advisable to withdraw Bitcoin from an exchange to your digital wallet if you want to hold the coins.
Purchasing Bitcoin is one of the most casual ways to earn coins, but it is not the only way you can invest in the digital currency. You can either hold your purchased Bitcoin, trade for profits, or mine the coins. Each type of investment requires different sets of skills and subsequent actions.
However, it is highly advisable to transfer your holdings to a crypto wallet and avoid storing them in the exchange platform for a long time. Bitcoin does not support staking, so you should not expect rewards from staked Bitcoin on an exchange site. If you are not actively trading Bitcoin, it is safer to store them in a digital wallet.
There are several ways you can trade Bitcoin, from brokerage trading to copy trading. However, trading cryptocurrencies is very risky as there is the potential to lose all of your Bitcoin if you lack experience and adequate knowledge of how to trade effectively. If you decide to trade Bitcoin, choose a credible trading platform with the best possible exposure. With Bitcoin trading, one must open a position, monitor the trade, and close it at the suitable time in order to secure a profit or to limit a loss.
When it comes to mining, your investment will not only the process of purchasing Bitcoin, but also the infrastructure and necessary tools in order to support Bitcoin mining operations. Bitcoin mining uses the proof of work (PoW) system to reward miners with Bitcoin for their contribution to blockchain completion. Hardware investments for Bitcoin mining are very expensive, so much so that some people find this activity no longer feasible as a method through which to obtain Bitcoin. However, mining is still popular among bigger investors who update their hardware with high-performance processors. Alternatively, you are able to join a mining pool where you can team up with other miners to combine PoW and earn proportional rewards.
We have conducted extensive research and analysis on over multiple data points on Bitcoin Australia to present you with a comprehensive guide that can help you find the most suitable Bitcoin Australia. Below we shortlist what we think are the best Australian Bitcoin Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Bitcoin Australia.
Selecting a reliable and reputable online Australian Bitcoin Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Australian Bitcoin Investment Platforms more confidently.
Selecting the right online Australian Bitcoin Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Australian Bitcoin Investment Platforms trading, it's essential to compare the different options available to you. Our Australian Bitcoin Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Australian Bitcoin Investment Platforms broker that best suits your needs and preferences for Australian Bitcoin Investment Platforms. Our Australian Bitcoin Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Australian Bitcoin Investment Platforms.
Compare Australian Bitcoin Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Australian Bitcoin Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Australian Bitcoin Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Australian Bitcoin Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Australian Bitcoin Investment Platforms that accept Australian Bitcoin Investment Platforms clients.
Broker | IC Markets | eToro | XTB | Pepperstone | AvaTrade | EasyMarkets | SpreadEx | FXPro | Plus500 | Admiral | UFX |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
Min Deposit | 200 | 100 | No minimum deposit | 200 | 100 | 100 | 1 | 100 | 100 | 200 | 500 |
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Used By | 180,000+ | 30,000,000+ | 935,000+ | 400,000+ | 300,000+ | 142,500+ | 10,000+ | 1,866,000+ | 24,000,000+ | 10,000+ | 10,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
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Up with ufx |
Risk Warning | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | 82% 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. | Losses can exceed deposits | Your capital is at risk |
Demo |
IC Markets Demo |
eToro Demo |
XTB Demo |
Pepperstone Demo |
AvaTrade Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Plus500 Demo |
Admiral Markets Demo |
UFX Demo |
Excluded Countries | US, IR, CA, NZ, JP | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR | MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO | US, CA, JP, SG, MY, JM, IR, TR | DZ, BZ, IL, JO, LY, MU, SD, SY, TN, US, YE, PK, BE |
You can compare Australian Bitcoin Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Australian Bitcoin Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Australian Bitcoin Investment Platforms below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.