Australia's premier secure cryptocurrency & Bitcoin exchange. Buy, sell and trade Bitcoin (BTC), Ethereum (ETH), XRP and more with AUD today.
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The BTCMarkets cryptocurrencies trading platform itself has been developed by third-party specialists in traditional financial markets trading systems. The team behind the platform has considerable experience in high volume, automated equities trading solutions, and has adapted this to the specifics of cryptocurrencies trading. The latter to cryptocurrencies resulted from hard forks in the Bitcoin and Ethereum blockchains and have since carved out their own market shares as among the most traded independent cryptocurrencies.
AUD Australian dollars is currently the only fiat currency supported by the BTCMarkets exchange and trading is available in both AUD to cryptocurrency pairs and cryptocurrency to cryptocurrency pairs. Crypto-to-crypto trading fees are only 0.
AUD to crypto trading fees taper down to as low as 0. No fees are charged on deposits, in fiat currency or cryptocurrencies, and withdrawals to an Australian bank account are also free of charge. Withdrawals made in cryptocurrencies are charged as follows:. If deposits and withdrawals are made in cryptocurrencies, accounts do not require verification. However, any fiat currency deposits or withdrawals do require verification which involves the account holder providing proof of identity. Account verification where fiat currencies are involved is due to compliance with KYC Know Your Client requirements and is in line with international anti-money laundering regulations.
The exchange works Edentiti Pty Ltd. Account holders are recommended to two-factor authentication 2FA on their accounts for additional security. This usually involves a piece of personal information that must be provided in addition to a password as an extra layer of online identity verification for anyone attempting to log into the account. BTCMarkets secures account holder funds using a system of cold and hot wallets with encrypted cold wallets held off-site and spread between multiple secure locations.
Best practice cybersecurity measures are also in place to safeguard the exchange against hacker attacks. The exchange holds a full reserve matching account holdings and twice daily cryptocurrency and hourly AUD reconciliations are conducted to ensure cold wallet and bank account funds match client accounts.
Account holders are additionally recommended to withdraw non-active cryptocurrency and fiat currency funds to their own personally managed wallets or bank accounts. BTCMarkets provides support through an extensive resource of online content covering the most commonly encountered questions and issues. Additionally, an online support ticketing system is provided that any more specific questions or problems can be addressed through and responded to by customer support. Having been operational since , BTCMarkets is one of the most established cryptocurrency exchanges not only in Australia but in the world.
The exchange has carved out a solid reputation and has never suffered a security breach. More advanced cryptocurrency traders who require a greater depth of supported cryptocurrencies may look elsewhere but due to its highly competitive fee-structure, many use BTCMarkets to trade the six larger cap cryptocurrencies supported and other more expensive exchanges which offer greater choice for any other trades required.
One disadvantage is the fact that the exchange to date only supports AUD as a fiat currency and cash withdrawals to Australia-based bank accounts. Crypto Hub. Economic News. Expand Your Knowledge.
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The information on this site is not directed at residents of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Careers IG Group. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority and is registered in Bermuda under No.
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Frequently Asked Questions
How to trade bitcoin Bitcoin is a popular and highly volatile cryptocurrency. What is bitcoin trading? Open an account to start trading bitcoin here.
The current bitcoin supply is capped at 21 million, which is expected to be exhausted by A finite supply means that the price of bitcoin could increase if demand rises in the coming years Bad press. Regulation changes, security breaches and macroeconomic bitcoin announcements can all affect prices. Any agreement between users on how to speed the network up could also see confidence in bitcoin rise — pushing the price up. How to trend trade bitcoin Trend trading means taking a position which matches the current trend. Bitcoin hedging strategy Hedging bitcoin means mitigating your exposure to risk by taking an opposing position to one you already have open.
Choose how you want to get exposure to bitcoin There are a few different ways that you can get exposure to bitcoin: Trading bitcoin derivatives Buying bitcoin through an exchange Crypto 10 index. Buying bitcoin through an exchange Buying bitcoin through an exchange is mainly for those who use a buy-and-hold bitcoin strategy.
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That said, there are some problems with buying bitcoin through an exchange: Bitcoin exchanges often lack proper regulation and the infrastructure needed to respond quickly to support requests The matching engines and servers on bitcoin exchanges are often unreliable, which can result in the suspension of markets or reduced execution accuracy Bitcoin exchanges often impose fees and restrictions on funding and withdrawing from your exchange account, while accounts themselves can take days to open.
Crypto 10 Index As well as trading bitcoin derivatives or buying coins directly from an exchange, you can trade Crypto 10 Index that gives you exposure to 10 major cryptocurrencies like Bitcoin in one single trade. Decide whether to go long or short Trading financial derivatives makes it possible to go both long or short, depending on the current market sentiment. Set your stops and limits Stops and limits are crucial risk management tools — and you have several to choose from when you trade with us: Normal stops will close out your position at a set level, but they could be liable to slippage if the underlying market price changes quickly Trailing stops follow favourable market movements to lock in profits, while capping your downside risk.
However, they too can be subject to slippage Guaranteed stops will close out your position at a set level, regardless of any slippage. Close your position to take a profit or cut a loss You can close your position whenever you like to take a profit, or to cut a loss that has reached a level that makes you uncomfortable. You might be interested in…. Discover everything you need to know about bitcoin halvings. Explore cryptocurrencies and how to speculate on them. Learn how to access opportunities with CFDs on over 12, shares.
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