Do you want to get started with cryptocurrency? The most challenging part of getting started with cryptocurrency is knowing where to purchase your first cryptocurrency with the Australian dollar. There are plenty of options available out there once you know where to look. Below is a list of legitimate cryptocurrency brokers and exchanges in Australia that is widely used and established. Their features, prices, and customer service differ from one broker to another. To make it easier for you, I will list some of the pros and cons of the best 3 cryptocurrency brokers and exchange you can get started with if you are in Australia.
- Independent Reserve
It is an Australian based Bitcoin exchange that allows you to fund your account with SWIFT, EFT, Crypto Captial, and POLi for free. It is available in New Zealand and Australia.
Pros
- Their fee ranges from 0.1% to 0.5% depending on the trade volume
- You can trade in USD, AUD, and NZD
- Supports popular cryptocurrencies
- Top security measures
- Cons
Its interface is not easy to use, especially for first-time buyers
- Zipmex Australia
It is an Singaporean cryptocurrency exchange broker that allows you to buy and sell popular cryptocurrencies such as Bitcoin, Ripple, Zcash, Litecoin, and Etherium.
Pros
- Supports popular cryptocurrencies
- Easy to use user interface for first-time buyers
- Low deposit and trading fee (usually below 1%)
- High deposit limits
- Cons
- Coinmama
Coinmama is an Israel-based cryptocurrency broker that specializes in selling bitcoins to credit and debit cardholders in almost all countries.
Pros
- It has the highest buying limit. You can BTC worth $5,000 per day and up to $30,000 per month
- Its services are available in many countries including Australia
- It accepts MasterCard and Visa debit and credit cards
- Its initial verification process takes 10 minutes
- It has reliable customer support via email
Cons
- It has the highest fee. About 6% on every purchase
