Bitcoin Trading Platform Australia – Compare Top Bitcoin Trading Platforms Australia

Fact Checked by Gary McFarlane

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.

If you’re based in Australia and wish to buy, sell, or trade Bitcoin – you will need a trusted platform by your side. Your chosen trading platform must offer your desired Bitcoin market, low fees and commissions, great customer support, and accept your preferred payment method.

In this guide, we review the very best Bitcoin trading platforms in Australia for 2021. We also provide a handy step-by-step walkthrough on how to get started with a Bitcoin trading account in less than 10 minutes!

#1 Broker to Trade Bitcoin in Australia – eToro

1
$50
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

Best Bitcoin Trading Platform Australia – List of Top Bitcoin Trading Platforms Australia

Below we offer a list of the best Bitcoin trading platforms in Australia. Each platform meets our strict criteria – which includes low fees, plenty of tools, high-security features, and support for debit/credit card payments.

  • eToro – Overall Best Bitcoin Trading Platform Australia (ASIC Regulated)
  • Coinbase – Best Bitcoin Trading Platform Australia for Beginners
  • OKEx – Top Bitcoin Trading Platform Australia for Low Commissions
  • Binance – Suitable Bitcoin Trading Platform Australia for Experienced Traders
  • Coinjar – Good Bitcoin Trading Platform Australia for Small Stakes

You will find a full review of the above Bitcoin trading platforms by scrolling down!

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

 

Best Bitcoin Trading Platforms in the Australia – Full Reviews

There are dozens of Bitcoin trading platforms that serve Australian residents – so you’ve got plenty of choice in this respect. As we noted above, the best platforms in this industry will offer competitive fees and commissions, support for fiat currency deposits and withdrawals, and lots in the way of trading tools and features.

To save you from having to perform countless hours of research yourself – below you will find a selection of the best Bitcoin trading platforms in Australia.

$
=
BitcoinBitcoin
Sort By

5 Providers that match your filters

Payment methods

Features

Usability

Support

Fees

1 or better

Safety

1 or better

Coin selection

1 or better

Rating

1 or better
Recommended Broker

Rating

for $ 100 you get
0.0035BTC
What we like
  • Trade real cryptos and crypto CFDs
  • Licensed broker with deposit insurance
  • Integrated wallet
Fees
Safety
Coin selection
Features
Instant VerificationFor BeginnersWallet ServiceMobile App
Payment methods
Credit CardPaypalSepa TransferSkrillSofort
for $100 you get
0.0035 BTC

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

Rating

for $ 100 you get
0.0035BTC
What we like
  • Careful selection of cryptocurrencies
  • Regulated by CBI and MiFID in Europe
  • No commissions and low spreads
Fees
Safety
Coin selection
Features
For BeginnersMobile App
Payment methods
Credit CardNetellerSkrill
for $100 you get
0.0035 BTC

CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.

Rating

for $ 100 you get
0.0035BTC
What we like
  • Broker vollständig reguliert
  • Zahlreiche Auszeichnungen
  • Libertex Erfahrungen seit mehr als zwanzig Jahren
Fees
Safety
Coin selection
Features
For BeginnersMobile App
Payment methods
Credit CardGiropayNetellerPaypalSepa TransferSkrillSofort
for $100 you get
0.0035 BTC

83% der Konten von Privatinvestoren verlieren beim Trading von CFDs bei diesem Anbieter Geld. Ihr Kapital ist im Risiko

1. eToro – Overall Best Bitcoin Trading Platform Australia (ASIC Regulated)

etoro review eToro is an online trading platform that ticks all of the right boxes. Used by over 20 million people, the platform was first launched in 2007. It now boasts a very strong regulatory framework – which includes that all-important license with ASIC. eToro is also regulated by authorities in the UK and Cyprus and overseen by the SEC in the US. As a result, this top-rated Bitcoin trading platform allows you to buy and sell digital tokens in a safe environment.

At eToro, you will have access to dozens of cryptocurrencies and markets. For example, if you simply want to buy Bitcoin and HODl on a long-term basis, you only need to meet a minimum investment of $25. Alternatively, you might consider trading Bitcoin against the Australian dollar, British pound, or Japanese yen. eToro also allows you to trade the value of Bitcoin against an alternative digital currency. For instance, the trading platform offers markets on ETH/BTC, BTC/EOS, and BTC/XLM.

Irrespective of the Bitcoin market you wish to trade, eToro operates a ‘spread only’ pricing system. For those unaware, this means that instead of paying a conventional commission – your trading fee is determined by the difference between the buy and sell price of the market. This starts at a very competitive 0.75% in the eToro cryptocurrency department. What you can also do at eToro is trade Bitcoin via a CFD (contract-for-difference) instrument. In its most basic form, Bitcoin CFDs will track the value of the digital currency in real-time.

This means that you can trade its value without needing to own or store actual Bitcoin tokens. The main benefit of this is that you can trade Bitcoin with leverage. ASIC limits dictate that retail clients are capped to leverage of 1:2 on Bitcoin CFDs – so this means that you can double your stake. Bitcoin CFDs at eToro also allow you to benefit from short-selling. That is to say, if you think that the value of Bitcoin will fall – you can attempt to profit from this by placing a sell order.

etoro review

eToro is also a notable Bitcoin trading platform in Australia because it offers a Copy Trading service. This allows you to choose a successful Bitcoin trader that uses eToro to invest and then copy them like-for-like. This essentially paves the way for a passive way of day trading Bitcoin and other cryptocurrencies. In addition to digital tokens, eToro is also home to plenty of other assets. This includes forex, commodities, ETFs, and indices. You can also buy and sell stocks at 0% commission.

When it comes to getting started with this top-rated Bitcoin trading platform, eToro requires an initial deposit of $200. After that, the minimum drops to $25. You can add funds to your eToro account instantly when using a debit/credit card, Paypal, Skrill, or Neteller. Australian bank transfers are also supported. But, it can take a few days for the money to arrive in your eToro account. The easiest way to register is via the main eToro website – albeit, the platform also offers a fully-fledged mobile app for both iOS and Android phones.

Pros

  • Invest in cryptocurrencies on a spread-only basis
  • Buy thousands of international stocks at 0% commission
  • Minimum investment per trade from just $25
  • Supports debit/credit cards, e-wallets, and local bank transfers
  • Regulated by the FCA, CySEC, and ASIC
  • Used by over 20 million people
  • Perfect for beginners
  • Social and copy trading tools

Cons

  • Perhaps too basic for technical traders
  • No support for MT4 or MT5

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

2. Coinbase – Best Bitcoin Trading Platform Australia for Beginners

coinbase review Much like eToro, Coinbase is an online cryptocurrency broker that is home to millions of clients. In particular, this top-rated platform is highly conducive for trading Bitcoin as a beginner. In fact, you only need to meet a minimum deposit of $5 to get started – which you can fund with a debit/credit card or bank account transfer. Coinbase offers plenty of cryptocurrencies markets in addition to Bitcoin.

This includes everything from Ripple, Stellar, and Ethereum to Litecoin, Dogecoin, and EOS. The main Coinbase platform is, however, perhaps too basic for those looking to perform advanced technical analysis. The good news is that experienced traders are catered for on the Coinbase Pro website, which comes packed with pricing charts and indicators. In terms of fees, Coinbase charges nothing if you are happy to deposit funds via a local bank transfer. Once the funds arrive, you will then be subjected to a standard commission of 1.49%.

coinbase review

Naturally, this is much more expensive than the spread-only pricing system utilized by eToro. Things get even more expensive if you fund your account with a debit or credit card. This is because Coinbase charges 3.99% of the transaction amount. Additional features at Coinbase include a top-rated wallet app – where you can safely keep your digital token investments. There is also a Coinbase debit card that is issued by Visa – which is great for spending your crypto balances online, in-store, or at an ATM.

Pros

  • One of the most popular cryptocurrency exchanges
  • More than 56 million users
  • Supports instant debit card purchases
  • Dozens of digital currencies to choose from
  • Institutional-grade security practices

Cons

  • Debit card deposits are expensive at 3.99%
  • You will pay a standard trading commission of 1.49%

at eToro, Australia’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

3. OKEx – Best Bitcoin Trading Platform Australia for Low Commissions

If one of your main priorities when choosing the best Bitcoin trading platform in Australia is low fees, then OKEx could be worth a closer look. This online trading platform charges a maximum commission fee of just 0.10% per slide. In other words, you will pay a commission of just $1 for every $1,000 traded. If you happen to hold an allocation of OKB tokens or tend to trade larger volumes – this commission rate is reduced.

In terms of supported markets, you will find over 400+ cryptocurrency pairs at OKEx. Most supported digital tokens will be paired against Bitcoin, so you’ll have no issues finding a suitable trading opportunity. This not only includes crypto-cross pairs like ETH/BTC and BTC/BCH but fiat currency markets too. For example, you can trade Bitcoin against the Australian dollar, euro, or British pound. You can fund your OKEx account in several ways. Bank transfers are free and will typically take 2-3 working days to arrive.

okex review

If you want to get started straight away, OKEx also supports debit and credit card payments – which are processed instantly. Fiat currency deposits require you to first go through a KYC process, meaning you’ll need to supply a copy of your passport or driver’s license. If you want to avoid this, then you will need to deposit funds with a cryptocurrency. Either way, you will find a plethora of trading tools when using this top-rated platform. This is inclusive of real-time order books, technical indicators, drawing tools, and more.

Pros

  • Trusted crypto exchange with over 20 million users
  • More than 400+ digital currency pairs
  • Buy and sell cryptocurrencies with a debit/credit card or bank transfer
  • Low commissions that start from 0.1%
  • Fully-fledged mobile app on Android and iOS
  • Great reputation and highly secure

Cons

  • Debit/credit card fees could be more competitive
  • Derivative products are too complex for beginners

at eToro, Australia’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

4. Binance – Best Bitcoin Trading Platform Australia for Experienced Traders

If you’re a cryptocurrency trading pro – then Binance is a platform well worth considering. First and foremost, Binance attracts the largest amount of trading volume in this industry – with billions of dollars worth of digital assets changing hands each and every day. As a result of this, you will find significant levels of liquidity on the platform alongside super-tight spreads.

Binance is home to hundreds of digital asset pairs – many of which contain Bitcoin. The most liquid crypto-cross pairs at Binance include ETH/BTC, ADA/BTC, BNB/BTC, and DOGE/BTC. You can also trade Bitcoin against the Australian dollar, alongside other global currencies. The Binance platform has direct integration with TradingView, so this means that you will have access to an abundance of tools. This covers advanced technical indicators, customizable pricing charts, and real-time data of market depth.

binance review

Binance also offers a number of Bitcoin derivative markets, which might be of interest if you are looking to access more sophisticated trading tools. This is inclusive of Bitcoin futures and options with various strike prices and durations. You can also trade digital currencies with leverage – with Binance offering up to 100x on certain Bitcoin markets. In terms of fees, Binance matches OKEx by charging just 0.10% per slide in commission. Similarly, you can reduce this fee by holding some BNB tokens or trading large amounts.

Pro

  • Facilitates billions of dollars in daily trading volume
  • Supports hundreds of digital asset pairs
  • Near-instant deposits via debit/credit cards
  • Trading commission starts at just 0.1% per slide
  • Offers crypto savings accounts
  • Ideal for both beginners and experienced traders alike

Cons

  • Not all supported cryptocurrencies can be purchased with a debit/credit card
  • No e-wallet deposits or withdrawals

at eToro, Australia’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

5. Coinjar – Good Bitcoin Trading Platform Australia for Small Stakes

coinjar review The final Bitcoin trading platform that we will review today is Coinjar. This established provider is based in Australia and the platform itself was first launched back in 2013. Coinjar, therefore, has a great reputation in the Australian cryptocurrency trading scene. In particular, this platform might be of interest if you are somewhat of a newbie and wish to start off with small stakes.

This is because the platform requires a minimum deposit of just $5. You can meet this minimum by transferring funds from your Australian bank account on a fee-free basis. Once the funds are credited to your Coinjar account, you will pay a standard commission of 1% thereon. This is much more expensive than the likes of eToro and OKEx, so do bear this in mind. Furthermore, if you are thinking about depositing funds with a debit or credit card, expect to pay 2% of the total transaction amount.

coinjar review

The Coinjar exchange is actually very simple to use – so newbies won’t find the platform difficult to navigate. In terms of supported markets, you can buy Bitcoin directly from Coinjar and then withdraw the tokens to a private wallet. You might also consider downloading the Coinjar wallet app – which is available on both iOS and Android devices. If you are more interested in short-term trading, Coinjar offers several cryptocurrency pairs that are denominated in Bitcoin.

Pros

  • Has been active in the crypto brokerage arena since 2013
  • Very user-friendly platform – so perfect for beginners
  • Minimum deposit of just $5
  • No fees to deposit funds via Faster Payments
  • Debit/credit cards also supported
  • Top-rated mobile app

Cons

  • Too basic for experienced cryptocurrency traders

at eToro, Australia’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

How to Find the Best Bitcoin Trading Platforms in Australia

As we briefly noted earlier, there are dozens of Bitcoin trading platforms that accept Australian residents. This means that the process of separating the wheat from the chaff can be both cumbersome and time-consuming. To help you pick a suitable platform for your needs, below we discuss the main considerations that we think you should make prior to signing up.

Recommended Broker
eToro
Buy now

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

Recommended Broker
AvaTrade
Buy now

CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.

Libertex
Buy now

83% der Konten von Privatinvestoren verlieren beim Trading von CFDs bei diesem Anbieter Geld. Ihr Kapital ist im Risiko

Rating
5.0
4.3
5.0
Mobile App Rating
10/10
9/10
1/10
Mobile App
Wallet
Number of Coins
1341559
Trading Fees
SpreadsN/AN/A
Deposit Fees
N/AN/AN/A
Withdrawal Fees
5 USDN/AN/A
Regulated
N/ACBI and MiFID in EuropeN/A
Min. Deposit
50$$100N/A
Leveraged Trading
N/A1:2 for cryptocurrenciesN/A
Bitcoin
$30285.56$30388.52$30403.66
Ethereum
$2056.12$2024.84$2031.90
XRP
$0.43$0.43$0.42
Tether
$1.00N/AN/A
Litecoin
$73.37$72.43$72.36
Bitcoin Cash
$200.14$198.87$198.96
Chainlink
$7.21$7.31$7.22
Cardano
$0.55N/A$0.54
IOTA
$0.36$0.35$0.35
Binance Coin
$314.09N/A$306.89
Stellar
$0.13$0.13$0.13
Bitcoin SV
$51.54N/A$51.23
USD Coin
$1.01N/AN/A
EOS
$1.36$1.34$1.33
Monero
$167.61N/A$168.27
Credit Card
Paypal
Sepa Transfer
Skrill
Sofort
Neteller