Crypto is popular in Australia, and Australians can easily buy or sell digital coins. Crypto exchanges let people trade Bitcoin, Ethereum and other digital currencies. 

They offer different services and can have different fees and security methods. In this article, we will review the top crypto exchanges in Australia.

OKX

OKX, a decentralized digital asset trading venue, was established in 2017. It offers spot, futures, and DeFi trading. OKX provides access to more than 350 cryptocurrencies, such as BTC and ETH. For makers, fees start at 0.08% and for takers at 0.1%. Users who hold OKB tokens and/or trade high volumes are offered lower fees.

On the other hand, for those who are casino enthusiasts, this crypto exchange is an excellent option. Cryptocurrency gambling is on the upswing these days, and it is widespread in Australia, where players want to be anonymous, get paid quickly, and receive bonuses that are high on the top. 

Crypto casinos let you deposit, play, and withdraw using digital currencies, giving you more control and faster access to your winnings. That’s why many players choose to buy crypto through OKX and transfer it to a bitcoin casino australia to start enjoying real money games without delay.

OKX performs withdrawals in under 2-3 minutes, ensuring the player immediately joins real money games. Safety is provided through multi-factors of identity authentication, cold storage of the assets in offline wallets, and the use of Proof of Reserves for verification reports. The copy trading tool is available from the platform, and dealers can access the most efficient robots.

Identification checks are needed to use OKX fully. Without verification, trading is limited. Level 1 verification requires a passport or national ID, and daily withdrawals are limited to 200 BTC. At Level 2, users need to provide proof of identity plus a selfie. This will lift the withdrawal limit to 500 BTC per day.

Pros:

• Low maker/taker fees from 0.08%/0.1%;
• More than 350 cryptocurrencies are supported;
• Cold wallet asset storage;
• Copy trading and automated bot features;
• Proof of Reserves confirms asset availability.

Coinbase Australia

Coinbase is a top-tier cryptocurrency exchange available in Australia. Users can trade over 240 cryptocurrencies.

Coinbase provides trading using Australian dollars (AUD) through PayID deposits or credit and debit cards. For direct card purchases, fees are high at around 3.99%, compared to other local exchanges. 

Coinbase Earn rewards users with crypto when they complete learning tasks on digital currencies. Users must verify their identity via KYC to trade on Coinbase.

Pros:

• Supports over 240 cryptocurrencies;
• Accepts AUD deposits via PayID;
• Coinbase Earn offers free crypto rewards;
• Holds most user funds in cold storage offline;
• Easy-to-use app for beginners;
• Good liquidity due to high trading volumes.

Bybit

Bybit is a cryptocurrency exchange founded in 2018. It provides trading in spot, futures, and derivative markets. The exchange offers over 1200 cryptocurrencies. Users can trade crypto futures contracts with leverage up to 100x.

Bybit has tools such as copy-trade and automated bots. Users without much experience can copy trades of successful traders using the copy-trade feature. Crypto bots help users apply preset trading methods automatically.

Bybit requires KYC verification when users deposit funds or trade. Unverified accounts can withdraw up to $20,000 per day, while basic verified accounts have a $4 million daily limit.

Pros:

• Over 1200 cryptocurrencies are listed;
• Leverage up to 100x on derivatives;
• High processing speed (up to 100,000 trades per second);
• Copy-trade and crypto bots are available;
• High daily withdrawal limits.

Crypto.com

Crypto.com is a cryptocurrency exchange founded in 2016. This exchange provides over 350 cryptocurrencies. Users can buy, sell, and store crypto assets. They can also deposit and withdraw Australian dollars (AUD) with bank transfers, credit cards, or PayID.

The exchange offers staking options for interest earnings on certain cryptocurrencies up to 15% a year. Crypto.com issues its own Visa debit card. Cardholders earn cashback of up to 5%, based on the amount of CRO tokens they stake.

Pros:

• Offers more than 350 cryptocurrencies;
• Provides AUD deposits via bank transfer, credit cards, or PayID;
• Users get cashback rewards with the Crypto.com Visa debit card;
• Earn interest on staked crypto assets;
• Licensed by ASIC and registered with AUSTRAC.

How to Buy Cryptocurrency in Australia: Step-by-Step Guide

If you want to use crypto for purchases or online casino gambling, you need to know how to buy it on exchanges. Below is a step-by-step guide for it:

1. Select a trusted Australian or global crypto exchange like Crypto.com, OKX, or Coinbase. Check fees, supported coins, and payment methods before you pick.
2. Register using your email address and create a password. Complete Know Your Customer by giving your ID, such as a passport or driver’s license.
3. Put money into your exchange account with a debit card, PayID or bank transfer if supported. Note that some exchanges charge fees when you add funds.
4. Choose the cryptocurrency you want to buy. Enter the amount in AUD and confirm the trade at the current market price.
5. Crypto held on exchanges may be at risk if platforms are hacked. You can send crypto to your own software wallet app or hardware wallet device for safer storage.

Conclusion

Crypto exchanges like OKX, Coinbase, Bybit and Crypto.com offer Australians hundreds of cryptocurrencies. Be sure to check exchange fees, available trading tools, security features, and withdrawal limits to pick the best crypto exchange for your needs.