It’s essential to learn what a cryptocurrency exchange is and what it does. You might have already read about how cryptocurrency is changing the world, so you’re interested in buying some. But most cryptocurrencies aren’t “located” in a single location like fiat currency. Bitcoin, for example, is a digital currency that exists on an encrypted, decentralised ledger called the blockchain.
Blockchain functions as a public ledger that contains a record of all transactions that have ever taken place. Individual transactions between different addresses are verified by miners, who verify the transactions and write them into a new block. The transactions are confirmed only when the block has been added to the chain and is considered secure.
Today, let’s explore some of the best crypto exchanges you can find in Australia. Here’s what you need to know:
Digital Surge
Digital Surge is an Australian crypto exchange known for being user-friendly, allowing customers to buy and sell Bitcoin, and as a safe, secure place to start your journey into the world of cryptocurrency. As one of the best crypto exchanges, it allows customers to buy and trade Bitcoin and more than 250 other altcoins via its convenient wallet. Customers can also use their Bitcoins to pay bills and make payments.
Best For:
Australian crypto investors who are looking for the best overall trading experience.
Swyftx
A leader in the cryptocurrency scene, Swyftx is a decentralised exchange platform that offers the best way to trade, manage, and scale the crypto assets stored in the wallet and an advanced trading platform where users can participate in unlimited transactions and transactions with zero fees.
Swyftx offers two types of payment methods:
Online: The company has launched its wallet that allows you to send and receive funds in USD and cryptocurrency.
SMS: With Cryptocurrency via SMS. To do this, users can send a text message that includes the amount of money they want to invest in, the cryptocurrency they want to invest in (BTC, ETH, ADA), and the recipient’s number.
Best For:
Cryptocurrency traders are looking for the best way to trade, manage and scale the crypto asset stored in the wallet and an advanced trading platform.
CoinSpot
CoinSpot is an Australian exchange that allows individuals to buy, trade and sell cryptocurrencies, including Bitcoin, Ethereum and Litecoin. CoinSpot is also an online marketplace where people can buy, sell or trade cryptocurrencies or related products.
CoinSpot also has a free online portfolio tool that allows users to manage their portfolios on a real-time basis and a free API for developers to use.
Best For:
Australian residents are looking for a secure platform to store their virtual currencies.
Crypto.com
Crypto.com, also known as Crypto, is a crypto-to-crypto exchange formerly known as Monaco. This exchange offers a mobile app and allows users to buy, trade and sell cryptocurrencies. It also provides physical debit cards that enable users to convert their cryptocurrencies into fiat when used automatically.
Best For:
Crypto.com offers users a safe place to buy, trade and sell cryptocurrencies.
LocalBitcoins
LocalBitcoins is a peer-to-peer exchange that allows people to buy and sell Bitcoins. This website also allows people to arrange face-to-face transactions. Here, users can place their location or choose from a list of sites to meet and exchange Bitcoins.
Best For:
Investors who are ooking to trade Bitcoin quickly and easily.
The Bottom Line
Despite what people think, it is possible to buy and sell cryptocurrencies in Australia without much difficulty. If you want to buy and sell crypto, you can use a crypto ATM, use a cryptocurrency wallet, use an exchange, use a peer-to-peer platform, or buy and sell online in person.
If you are interested in more cryptocurrency tips, information, and more, we can help you. Brawler’s Guide provides content for the ambitious upstarts looking for expert advice on how to get ahead. We are a resource hub for those who think big and do even more. For more information to help you reach your goals, stay tuned to our website.