If you are interested in investing in crypto, you may be looking for a crypto broker in Australia. There are many options, from eToro to Swyftx, Kraken and CoinSpot. But which one is better? There are some basic tips to keep in mind when choosing a crypto broker. Listed below are some of the best options. You can find more information about these exchanges on their respective websites.
eToro
If you are looking for a reliable crypto broker, eToro may be your best bet. Their range of markets includes stocks, ETFs, cryptocurrencies and CFDs. It also has a social trading platform where you can follow other traders and copy their actions. This makes eToro a good starting point for beginners. And since eToro is licensed in Australia, you can trade with confidence in this jurisdiction.
Swiftx
Unlike some other cryptocurrency exchanges, Swyftx does not charge fees for deposits and withdrawals. You never have to worry about losing money on trading fees because you can set automatic triggers to manage your risk and make sure you don't miss any price swings. In addition, Swyftx also has one of the lowest trading fees in Australia, with spreads averaging less than 0.45%.
Kraken
If you are based in Australia, you might be wondering what makes Kraken a good choice for a crypto broker. The platform is the first and largest U.S. cryptocurrency exchange with a U.S. state banking charter and is regulated by the Wyoming Banking Department. It is also a respected brand in the cryptocurrency industry and continues to prove that it is not a high-risk exchange by consistently posting $178 million in daily trading volumes.
CoinSpot
If you live in Australia, you might be interested in learning more about cryptocurrency trading at https://bestcryptobrokers.net/crypto-brokers-australia/. The first step in opening a CoinSpot account is to verify your identity. You will need your full name, Australian address, mobile phone number and photo ID. For security reasons, CoinSpot will also require two forms of identification. One form requires your email address, while the other requires a photo ID and your bank account number.
Independent Reserve
As a cryptocurrency broker in Australia, Independent Reserve is a solid option. Its founders, Adam Tepper and Adrian Przelozny, founded the company in 2013 when Bitcoin received media attention. Adam Tepper died in a motorcycle accident in Thailand in 2015, so Adrian Przelezny replaced him as CEO. The Independent Reserve boasts a "robust governance structure" and an advisory board chaired by former Merrill Lynch CEO Mike Tilly.
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Eleena Timmons