Exchange Australian Dollar / AUD to Bitcoin and vice versa

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Compare your Top 3 Bitcoin Exchanges
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Choose Provider 3:
Provider
Pro and Contra
Has been hacked?
Fees
Security
Trading
Many Altcoins
80 80
Pro
  • Very low Fees
  • A myriad of coins to exchange with
  • No lags experienced with website
Contra
  • Does not accept bank payment methods
  • Customer support lacks phone
  • US customers are restricted
Has been hacked? Yes (on 7. May 19) Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
0.10%
Security Ok Trading
Futures? None
Derivatives? No
Margin Trading? No
Visit Website
Trade with FIAT
82 82
Pro
  • Professionally made website
  • Educational Materials (videos)
  • Easy verification process
  • Copy trading
Contra
  • Does not accept Bitcoin deposits/withdrawals
  • 75% of retail CFD accounts lose money
  • Limited cryptocurrency listings
  • No live chat
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
Yes
Trading Fees:
0.75%
Security Good Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 30x
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Easy to use
76 76
Pro
  • High liquidity
  • Integrated debit and credit cards
  • Newbie friendly
Contra
  • Major violations of users privacy
  • High Trading Fees for < $50k Trading / Month
  • Segwit still not supported ( = high TX fees )
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.50%-0.05%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
84 84
Pro
  • Safe and decentralized trading
  • Arbitrators
  • 2-out-of-3 multisig security in trades
  • Wide selection of FIAT and Crypto Currencies
Contra
  • They need more aggressive advertising
  • More active development
  • They need to team up with other companies
  • High fees
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.001% - 0.009%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Easy account creation
  • No minimum deposit
  • Awesome interactive website
Contra
  • Unregulated
  • Some negative reviews
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
No
Trading Fees:
None
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 100x
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90 90
Pro
  • Almost all countries are accepted (including some parts of the US)
  • Highest buying limit
  • Good Support
Contra
  • 3% fee
  • Some scam claims
Has been hacked? No Fees
Deposit Fees:
5% credit card fee
Withdrawal Fees:
5% credit card fee
Trading Fees:
5.90%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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90 90
Pro
  • - many coins and payment method supported
  • - fee sharing model
  • - transparency about company background
Contra
  • - reliability of service is depending on the sellers on the platform
  • - too many options to choose from can paralyze users
  • - high crypto prices
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Free
Trading Fees:
0.70%-1.00%
Security Medium Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
82 82
Pro
  • Low fees
  • A wide variety of payment methods and currencies accepted, at least in theory
  • Easy to join and get going
Contra
  • Mixed reviews
  • Slow customer support
  • High commissions charged (by the seller) for buying Bitcoin with uncommon methods or in non-mainstream currencies
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%-1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
Supports PayPal
78 78
Pro
  • Easy to get verified ( 2 factor authentication)
  • Accepts Credit Card and PayPal
  • 24 hr expected resolution through their help-desk
  • Referral program
Contra
  • Website is too plain (there are no charts and no transparency)
  • A good number of negative reviews about how they operate
  • Was hacked
Has been hacked? Yes, around January 2017 Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.10%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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Easy & Private
64 64
Pro
  • Private and fast
  • Easy to Use
Contra
  • Need to keep an eye for scams
  • Not suitable for large buyers
  • Now ID verification is required
Has been hacked? Yes Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
80 80
Pro
  • Good reputation
  • High volume and liquidity
  • Connections in the industry grant it additional legitimacy
  • Easy to use and quick
Contra
  • High Trading Fees if you are trading lower volumes
  • More negative comments in the recent past
Has been hacked? Yes, in January 2015 Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.5%-0.10%
Security Very Good Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
80 80
Pro
  • “Real” Decentralized Exchange
  • Anonymous
  • Account creation is fast and very easy (not required to complete KYC/AML)
  • Accepts Fiat payments
Contra
  • In Business only since 2016
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
Yes
Security Excellent Trading
Futures? None
Derivatives? No
Margin Trading? None
Visit Website
68 68
Pro
  • Easy account creation
  • Online and Offline payment options
  • Easy to operate platform
Contra
  • Fees are high (3-11.9%)
  • No leveraged trading
  • No App
Has been hacked? No Fees
Deposit Fees:
N/A
Withdrawal Fees:
N/A
Trading Fees:
0.25%-8.75%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
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Best AUD / Bitcoin Exchanges

Brief History of AUD/BTC trading pair

Bitcoin became more popular in Australia during the price boom of 2013 when the interest about cryptocurrencies rapidly increased over the fall and winter. Australia since then developed its own cryptocurrency community across the country with several meetups and development talks held regularly in Sydney, Melbourne, Brisbane and in several other cities.

AUD/BTC tradingThe AUD/BTC trading pair has been increasing in terms of popularity due to the growing interest in the South Pacific region about bitcoin. As more and more trading activity has been moving away from China, traders are seeking cryptocurrency markets in the region with overlapping market opening hours which increased the demand about Australia based bitcoin exchanges.

The AUD/BTC trading activity has a relatively small market share compared to the global trading volume. The AUD denominated bitcoin market has a daily trading volume of 200 BTC per day. 80% of the AUD/BTC trading volume is coming from BTCMarket bitcoin exchange, while the rest of the trading is conducted through LocalBitcoins trades.

AUD, the Australian dollar is the official currency of the Commonwealth of Australia. Beyond Australia, AUD is also treated as a national currency for couple of additional Pacific islands in the region. In 2016, the Australian dollar was the fifth most traded currency in the world. The Australian dollar is popular among the forex traders because of relatively high-interest rates in the country combined with the general stability of the economy and political system.

Exchange AUD to Bitcoin

Exchange AUD to BitcoinMost of the trading volume in terms of exchanging AUD to Bitcoin is coming from BTCMarket exchange. BTC Markets is a blockchain technology company based in Melbourne, Australia which offers a trading platform for professional investors, businesses, and anyone interested in buying or selling Bitcoins across Australia. However, there are a couple of additional exchanges

BTC Markets is a blockchain technology company based in Melbourne, Australia which offers a trading platform for professional investors, businesses, and anyone interested in buying or selling Bitcoins across Australia. However, there are a couple of additional exchanges exist on the market to buy and sell bitcoins for AUD.

You can buy bitcoin for cash at a LocalBitcoins trader in Australia or you can purchase bitcoins through one of the exchanges with the help of credit cards or bank wire transfers.

AUD/BTC Country Specific Regulation: Bitcoin in Australia

The Central Bank of Australia has issued the first opinion about the legality of bitcoin in an interview in 2013 when the governor of the Reserve Bank of Australia clearly indicated that bitcoin is legal in the country and „There would be nothing to stop people in this country deciding to transact in some other currency in a shop if they wanted to”. Ever since this point, bitcoin has been enjoying a supportive atmosphere from the local authorities in Australia.

Trade Australian Dollard against BitcoinBecause of the international funds’ transfer regulations in Australia, the government is able to track transactions where people are purchasing bitcoins. This helps to reduce the criminal activity associated with cryptocurrencies in the country.

A couple of years later, Australia has officially confirmed it will treat bitcoin “just like money” on 1st July 2017 and it is longer be subject to double taxation. From 1 July 2017, purchases of digital currency will no longer be subject to the general sales tax (GST), allowing digital currencies to be treated just like money. Previously bitcoin users had to pay GST twice: once on the purchase of the digital currency and once again on its use in exchange for other goods and services subject to the GST.

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