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Highlights
- One of Kraken’s big selling points is its strong security – an important feature in the crypto space
- Binance is one of the most comprehensive exchanges out there, offering a wide range of services and options
- eToro has a demo feature, which means users can practice trading with virtual currency – a good learning tool
Cryptocurrency has become hugely popular in 2021, proving once and for all it's not a passing fad – rather, it’s a system of finance that’s here to stay, at least for a while. So, with the new year just around the corner, many Aussies will be looking to get into the crypto game and see what the fuss is about.
5 top Aussie crypto trading platforms for 2022
But before you do that, you need to find some good reliable crypto exchanges. Different exchanges cater towards different needs. Crypto traders, for example, might be better suited to a different exchange than a crypto investor.
So here are five of the top crypto exchanges available in Australia in 2022.
- Swyftx
Swyftx touts itself as Australia’s most trusted exchange. Australian owned and operated, SwyftX offers over 280 different cryptos, including Bitcoin and Ethereum.
One great feature of this exchange is it offers 24 hour chat and phone support. Additionally, it has comparatively low fees and a user-friendly platform.
- Binance
Binance is one of the most comprehensive exchanges out there, offering a wide range of services and options, including futures, margin trading and more. It also offers over 300 different tokens.
The fees are low and set at 0.1%.
It also has a ‘Lite’ platform option which is better for beginners.
- Kraken
Kraken is another well-respected and comprehensive platform with an array of services, including staking futures and margin trading.
One of Kraken’s big selling points is its strong security – an important feature in the crypto space.
It also offers 24 hour live chat support, which is another great feature.
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- eToro
This is a well-respected exchange that offers a social component, meaning users can interact with one another and even copy one another’s trading strategy.
It has a demo feature, which means users can practice trading with virtual currency – a good learning tool.
The downsides are that it only offers 30 cryptos and only operates in USD meaning users have to pay an exchange fee to convert to AUD.
- Digital Surge
Another Australian-owned exchange designed for the everyday Aussie investor who wants to get into crypto, offering over 270 cryptos.
It is ASIC and AUSTRAC registered, which means it’s legitimate and safe.
Finally, it boasts some of the lowest fees on the market.
Now What?
Once you’ve chosen a platform that’s suited to your investing style, you just start a crypto wallet and get trading. Good luck!
