Bitcoin – the biggest revolution in the last 5-6 years. Countless people got rich by an unexpected rise in its value. At the height of its power, one Bitcoin was valued at around $19,000. With the increase, it became so popular, that even ordinary people started creating their own cryptocurrencies in the hope that they will be settled for life. The whole idea of Bitcoin was founded in 2008, and after some proof-of-concept transactions, the first major transactions were in 2011, but they were illegal. As time passed by, the whole business started flourishing. These days, Bitcoin is valued at $8,000.
Bitcoin has been criticized by Australians for its potential illegal transactions, thefts, and scams. Whilst buying and trading bitcoin, it’s important for Australians to be vigilant of potential get rich quick scams. The Bitcoin Trader website – reviewed by Inside Bitcoins – comes under particular scrutiny for its alleged endorsement by celebrities such as Elon Musk and Richard Branson. So, by researching what is the safest place to exchange Bitcoins, here are the best Bitcoin websites for Australians.
It is normal and logical to have Coinbase in this list since it is the largest foreign exchange platform. Even though the site has been criticized in the past for its lack of hospitality, they are one of the best in the business. The site is a bit difficult to navigate, but they do offer low fees and excellent services. Their total market cap is over $100 billion, so you can rest assured that this is a secure site to trade.
Australian website that has easy and simple navigation. They have one of the lowest fees around, so this site is definitely a place to buy/sell. A small number of currencies is accepted, but that is no problem, compared to the good things that a customer gains. Customer Support is very reachable, and since it is based in Australia, makes communication with Australians much easier.
CoinJar was actually the first Australian platform where you can deal with cryptocurrencies. This website offers users its own wallet, so it is very practical to use. Coinjar’s sights are set on building valuable applications in the digital currency industry. So far, they have their own products on the market – their app CoinJar Touch, as well as a digital currency debit card, CoinJar Swipe. By continuously searching for improving, this website is on this list rightfully.
Independent Reserve has a big security system that makes it almost impossible for scammers to succeed on this platform. They have a multi-step verification to ensure that all of the customers are safe. It is worth to mention that it is one of the most popular sites in Australia for exchange. The site also supports a lot of currencies as a payment method.
CoinTree has been working non-stop since 2013 and gathered a lot of Australians to its network. All of the fees are really low and acceptable. They have the lowest rates on the Australian market. It is interesting to mention that CoinTree even offers a free demo that allows you to check out their platform and its services.