While this cryptocurrency spectacle is taking the world by a storm, it’s easy to lose yourself among all the investing opportunities. Settling for a brand that’s sketchy and not secure for your crypto-related activities is becoming a communal mistake. That’s why our objective is really clear – our team of crypto experts and enthusiasts work every day to gather verified information about the best Australian crypto exchanges. You might want to also check out the top comparisons by CryptoDigestNews on the best cryptocurrency exchanges in Australia.
The Best Crypto Exchanges for Australia (2021)
Searching for the most accurate crypto exchange rankings? Take a look at the best crypto exchanges in the mini list below, each evaluated and scored by expert crypto researchers. Opt for the most suitable crypto exchange and become successful in this rapidly growing cryptocurrency world!
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Coinbase
Coinbase is a digital currency broker exchange that you can buy and trade Bitcoin and a few other similar cryptos. It is different from your traditional cryptocurrency exchanges because it lets you to buy crypto using fiat currencies.
Coinbase is seen to be one of the biggest crypto-broker exchanges in the world! They have well over $20 billion in assets and over $50 billion in cryptocurrencies have been traded using its platform since it was founded in San Francisco, California back in 2012.
Coinbase actually has 2 core products – a broker exchange and a professional trading platform named GDAX. However, the 2 can be used independently and separately from one another. It’s an exchange, however, it does have a built-in wallet, yes.
So, you can keep and retain your crypto on the Coinbase platform, if you want to. However, it is not suggested. We will definitely advise you to move your crypto from Coinbase as soon as you have bought it, as exchange wallets are the least safe kinds of wallets.
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Binance
Binance is a crypto currency exchange that hosts crypto-to-crypto trades. This means that they do not accept or take on real-world money, such as the U.S Dollars (USD) or Euros (EUR). The exchange was first established back in 2017 and was originally located in China. However, as cryptocurrency laws are very stringent in China, the exchange has since moved to Japan, a country that simply loves digital currency!
The man who made Binance is called Changpeng Zao, however, he is also more well known as CZ. Fascinatingly, CZ used to build some of the trading systems that are also used in the Tokyo stock exchange. We guessed that he used this experience to help make Binance what it has become today!
Before Binance released their exchange, they raised and get money through an initial coin offering (ICO). This is very comparable to crowdfunding, where people can invest money to help a company to get started.
However, an ICO is still dissimilar, as people invest cryptocurrency instead of investing real-world money. The Binance ICO raised the correspondent of $15 million, and in return, they offer investors their own cryptocurrency token, which is called the Binance Coin (BNB). Even though it’s called Binance “Coin”, it is in reality a token that is built on the Ethereum blockchain.
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Coinmama
Coinmama is a cryptocurrency broker/exchange that is situated in Israel. Originally made in 2013, the website explains that they provide a fast, safe and fun way to buy a digital currency from anywhere else in the world.
There is a little bit of difference between an exchange broker such as Coinmama and an exchange marketplace similar to Binance. A broker exchange manages the cryptocurrency and sells cryptocurrency directly to you for fiat money. On the other hand, an exchange marketplace matches two independent buyers and sellers!
Conclusion
We hope our guide on the best Australian Bitcoin exchanges is useful enough for individuals who are looking for the best place to buy Bitcoin in Australia. With any financial investment, make sure to do your research and due diligence on the crypto provider before paying any funds.
