Bitcoin Trading Platform Australia – Compare Top Bitcoin Trading Platforms Australia

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

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  • 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.

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for $ 100 you get
0.0024BTC
What we like
  • Trade real cryptos and crypto CFDs
  • Licensed broker with deposit insurance
  • Integrated wallet
Fees
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Instant Verification For Beginners Wallet Service Mobile App
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for $100 you get
0.0024 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
0.0025BTC
What we like
  • Amount of withdrawal fee: $0
  • Large amount of cryptocurrencies for CFD trading
  • Minimum deposit: $20
Fees
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Coin selection
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Instant Verification For Beginners Wallet Service Mobile App
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Credit Card Giropay Neteller Paypal Sepa Transfer Skrill Sofort
for $100 you get
0.0025 BTC

CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider.

Rating

for $ 100 you get
0.0024BTC
What we like
  • Careful selection of cryptocurrencies
  • Regulated by CBI and MiFID in Europe
  • No commissions and low spreads
Fees
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Features
For Beginners Mobile App
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Credit Card Neteller Skrill
for $100 you get
0.0024 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.

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.

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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
Buy now

CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider.

Recommended Broker
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.

Rating
5.0
4.5
4.3
Mobile App Rating
1/10
10/10
9/10
Mobile App
Wallet
Number of Coins
32814
Trading Fees
SpreadsCommissionN/A
Deposit Fees
N/A$0N/A
Withdrawal Fees
5 USD$0N/A
Regulated
N/AYesCBI and MiFID in Europe
Min. Deposit
50$$20$100
Leveraged Trading
N/AYes1:2 for cryptocurrencies
Bitcoin
$48280.47$47968.98$48088.78
Ethereum
$3682.58$3617.53$3626.57
XRP
$1.13$1.10$1.12
Tether
$1.00N/AN/A
Litecoin
$193.28N/A$190.82
Bitcoin Cash
$648.55N/A$644.42
Chainlink
$30.50N/A$30.96
Cardano
$2.52N/AN/A
IOTA
$1.56N/A$1.52
Binance Coin
$436.74N/AN/A
Stellar
$0.34$0.33$0.34
EOS
$5.25N/A$5.18
Credit Card
Paypal
Sepa Transfer
Skrill
Sofort
Giropay
Neteller

Regulation and Security

The first thing to check when choosing the best Bitcoin trading platform in Australia for your needs is whether or not the provider is regulated. For instance, the likes of eToro – which is used by over 20 million traders globally, is regulated by ASIC. It is also licensed by regulators in the UK and Cyprus.

etoro markets

At the other end of the scale, you have hundreds of cryptocurrency exchanges that operate without a regulatory license. In choosing such a platform, you are putting your hard-earned dollars at risk. After all, if the unregulated exchange is hacked by a cyber-criminal, there’s every chance that your digital funds will be stolen.

Payment Methods

Once you have assessed the regulatory standing of the provider – you then need to check what payment methods are supported. After all, not only will you need to fund your Bitcoin trading account before getting started – but at some point down the line you will likely want to make a withdrawal.

Unless you already have a cryptocurrency stored in a digital wallet, you will need to deposit funds with fiat money. The best Bitcoin trading platform in Australia that we came across – eToro, supports debit and credit cards issued by Visa, Maestro, and MasterCard.

This will allow you to deposit funds instantly. eToro also supports instant deposits in the form of Paypal, Skrill, and Neteller. If your chosen Bitcoin trading platform only supports bank transfers, you will need to wait anywhere from 3-7 working days for the funds to arrive.

Supported Markets

The next thing that you need to look for when searching for the best Bitcoin trading platform in Australia is what cryptocurrency markets are supported. For instance, some platforms are only suitable for buying and selling Bitcoin, while others offer a significant number of pairs.

For example, when using eToro to trade – you’ll have access to fiat-to-crypto pairs and crypto-crosses. The former allows you to trade Bitcoin against traditional currencies such as Australian dollars and British pounds.

The latter will see you speculating on the future value of Bitcoin against alternative digital tokens like EOS, Ethereum, XRP, or AAVE. You can check what markets your chosen Bitcoin trading platform supports by browsing through the provider’s website.

Leverage and Short-Selling

We found that the best Bitcoin trading platforms in Australia offer two crucial tools – leverage and short-selling.

Here’s a brief overview of how each trading tool works:

Leverage

In a nutshell, leverage allows you to trade with more capital than you have available in your brokerage account. In Australia, ASIC has since capped the amount of leverage that retail investors can apply – which now stands at 1:2. For instance, if you stake $500 on a BTC/USD trade and apply leverage of 1:2 – your order value is double to $1,000.

You will also come across unregulated exchanges that offer leverage in excess of 1:100. These platforms are offering leverage to Australian residents in an illegal manner, so avoid such providers. Plus, your capital is at risk anyway – as unregulated exchanges do not answer to any licensing bodies or authorities.

Short-Selling

The importance of choosing a Bitcoin trading platform in Australia that supports short-selling facilities should not be understated.

  • After all, the main concept of trading is that you will be looking to speculate on the future value of an asset – which in this case, is Bitcoin.
  • However, if your chosen platform only allows you to go long on Bitcoin, this will restrict your ability to make consistent profits.
  • This is because there will come a time that – as per your own research and analysis, you believe that the value of Bitcoin is likely to go down.

This is why platforms like eToro support short-selling via CFD instruments – as it gives you the opportunity to profit from both rising and falling markets.

Platform Fees

All Bitcoin trading platforms in Australia charge fees – otherwise they won’t be in business. It is the size of the respective fee that can and will vary between platforms – so it’s a crucial metric to check off before opening an account.

etoro crypto

The main fees that you will come across when researching the best Bitcoin trading platforms in Australia are as follows:

Payment Fees

When you use a traditional online broker to trade stocks or forex, you will likely find that you can deposit funds for free. However, cryptocurrency exchanges and brokers are known to charge hefty fees on deposits – especially when using a debit or credit card.

  • For instance, Coinjar charges 2% to purchase Bitcoin with Visa or MasterCard, while at Coinbase – this is even higher at 3.99%.
  • eToro, on the other hand, allows you to deposit funds in AUD at a fee of just 0.5% – which is best we have seen.

Withdrawals will also attract a fee and this will vary depending on your chosen trading platform.

Commissions

When you buy, sell, or trade Bitcoin online – expect to pay a commission. This is no different from paying share dealing fees at a traditional online stockbroker. In the case of cryptocurrencies, you will likely pay a variable fee that is multiplied by your stake.

For instance:

  • Let’s say that you trade $500 worth of Bitcoin at Coinbase. The platform charges a standard commission of 1.49% – so that’s a fee of $7.45. You will again need to pay a commission of 1.49% upon cashing your Bitcoin trade out.
  • If trading Bitcoin at Coinjar, you will pay a commission of 1% per slide. So, the same $500 trade would cost you slightly less at $5.

Leading Bitcoin trading platform eToro instead charges a spread – which is the gap between the bid and ask price of the asset. This starts at just 0.75% – which is very competitive.

Overnight Financing

If you decide to trade derivatives like Bitcoin futures, options, or CFDs – then you will need to pay an overnight financing fee. As the name implies, this is a fee that you pay to keep your position open overnight.

This is because the aforementioned markets are leveraged financial products. In other words, you are trading with more capital than you have in your account – so you need to pay your chosen platform interest for as long as the position remains open.

Research and Analysis

When trading Bitcoin online, you are looking to speculate on whether the digital asset will rise or fall in value. The only way to do this successfully on a consistent basis is to research the markets. You can do this in various ways and the specific system you employ will depend on your Bitcoin trading strategy.

best Bitcoin trading platform

For instance, if you are looking to day trade Bitcoin – then you will need to make use of technical indicators like the RSI and MACD – alongside chart drawing tools. If you are more of a long-term trader, then you’ll want access to real-time news and market insights.

Either way, we found that the best Bitcoin trading platforms in Australia offer a wealth of fundamental and technical analysis tools. This means that you do not need to use a third-party website to obtain the data you require.

Cop Trading

Make no mistake about it – if you are an absolute novice when it comes to cryptocurrencies, market analysis, and chart reading – you should know that trading Bitcoin successfully is going to be a tall order. The good news is that the Copy Trading feature at eToro was created just for this purpose.

etoro copy trading

The way this works is as follows:

  • You find a successful eToro trader that specializes in Bitcoin and other digital tokens
  • You decide to invest $1,000
  • A few hours later, the trader allocates 15% of their portfolio into a BTC/USD buy order. This means that you automatically stake $150 on this trade (15% of $1,000 investment)
  • The trader closes the position a few days later at a profit of 25%. You also make 25%, so on your stake of $150 – that’s a profit of $37.50

Ultimately, if you have a big interest in Bitcoin trading but don’t have the required knowledge or experience to succeed just yet – the Copy Trading tool allows you to achieve your goals in a 100% passive nature.

Customer Service

The best Bitcoin trading platforms in Australia will offer top-notch customer service. Although this might not be on a 24/7 basis – support should at the very least be offered 24/5. The best support channel offered by leading Bitcoin trading platforms is live chat.

Failing that, you might be able to speak with an agent in real-time via telephone. If only email or ticket support is offered – you might need to wait more than a day before receiving a reply.

Mobile App

The final metric that you need to look for when searching for the best Bitcoin trading platforms in Australia is that of a mobile app. In a nutshell, leading cryptocurrency brokers will offer a native app for both iOS and Android phones.

etoro app

The app will allow you to connect to your main trading account- meaning that you can buy and sell on the move. Top-rated Bitcoin apps – such as the one offered by eToro, also allow you to deposit and withdraw funds.

How to Get Started With the Best Bitcoin Trading Platform Australia

This ultimate guide has thus far:

  • Reviewed the 5 best Bitcoin trading platforms in Australia for 2021
  • Discussed the many metrics that you need to consider before choosing a platform

To conclude our guide, we are now going to show you how to get started with the overall best Bitcoin trading platform Australia – eToro. To quickly recap – this platform is regulated by ASIC, supports heaps of Bitcoin markets, permits short-selling and leverage, and requires a minimum stake of just $25 per trade.

Step 1: Open a Bitcoin Trading Account

The first step is to open an account with eToro. Unlike the hundreds of Bitcoin exchanges that operate without a regulatory license – eToro will need to collect some personal information from you. This is to ensure the platform complies with the rules set out by ASIC. For this, you will need to provide your first and last name, nationality, home address, date of birth, and contact details.

how to join etoro

You also need to create a username and password – which you will use to log in to your eToro account once the registration process is complete.

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Complete KYC Process

Once again, as a regulated Bitcoin trading platform, eToro will also need to put you through a super-fast KYC process. This will require a copy of your driver’s license or passport, alongside a document that validates your home address. This can be a utility bill or bank account statement. eToro will verify your uploaded documents in less than a minute.

Step 3: Deposit Funds

You will now need to fund your newly created trading account. eToro requires a minimum deposit of just USD $200 – which is about AUD $272.

Supported payment methods include:

  • Paypal
  • Visa
  • MasterCard
  • Bank Wire
  • Skrill
  • Neteller

There will be a very small FX fee of 0.5% applied to your deposit.

Step 4: Choose Bitcoin Trading Market

With a funded account, you can trade Bitcoin on eToro! But, you first need to decide which Bitcoin trading market you wish to access. As noted earlier, eToro offers both fiat-to-crypto (e.g. BTC/USD) and crypto-cross pairs (e.g. ETH/BTC).

crypto pairs etoro

With this in mind,m we would suggest clicking on the ‘Trade Markets’ button followed by ‘Crypto’. You will then be able to view ther full list of digital currency markets that are supported by eToro. Once you find a suitable market, click the ‘Trade’ button.

Step 5: Place Bitcoin Trading Order

The last step that you need to follow is to place an order. First, you need to choose from a ‘buy’ or ‘sell’ order – which tells eToro whether you think Bitcoin will rise or fall in value. Next, enter your stake in the ‘Amount’ box. If you want to apply leverage (1:2) – select this from the relevant tab.

best Bitcoin trading platform

To place your first Bitcoin trading order at eToro – click the ‘Open Trade’ button!

Best Australian Bitcoin Trading Platform – Conclusion

In conclusion, this beginner’s guide has discussed and reviewed the very best Bitcoin trading platforms in Australia right now. Although the likes of Coinbase, OKEx, Binance, and Coinjar are worth a mention – none of these platforms can mirror the services offered by eToro.

Not only is eToro regulated by ASIC, but you will have access to dozens of Bitcoin markets on a spread-only basis. Opening an account takes minutes, you can deposit funds instantly with a debit/credit card, and the minimum stake per Bitcoin trade is just $25.

The final icing on the cake is that eToro offers a Copy Trading tool that gives you access to thousands of verified investors.

eToro – Best Bitcoin Trading Platform Australia

1
$50Exclusive promotion
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

FAQ

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.