How to Buy Ethereum in Australia with AUD. Image credit: AdobeStock
Ethereum is one of the most promising, profitable, and popular cryptocurrencies available out there. So if you wish to do the same, you must be wondering, how to buy ethereum in Australia with AUD?
Buying ethereum is pretty straightforward. Sign up on a cryptocurrency exchange and place a buy order. And if you ask now which cryptocurrency exchange to choose in Australia? Worry not The Money Mongers has curated a list of some of the best exchanges through which you can buy crypto with AUD.. So let’s go ahead and talk about the top crypto exchanges:
1. Swyftx
At first, there is Swyftx, one of the leading cryptocurrency exchanges available in Australia and a few other regions.
The cryptocurrency exchange makes it extremely easy for you to buy Ethereum or any other coins. Just sign up on the website, verify your identity, and you are all set.
Plus, apart from ETH, it allows you to trade over 260 assets, including cryptocurrency and DeFi coins. Plus, it allows you to deposit and withdraw AUD via PayID, OSKO, POLi, or Bank transfer.
Swyftx also helps you with portfolio tracking. So you can view your real-time profit and loss value. Also, it allows you to automate your crypto investments. Like you can set up recurring deposits to your account, and Swyftx will then automatically split across your own range of cryptos.
The best part of Swyftx is that it has an extremely low fee. It charges you 0.6% for each trade you execute. However, there are no deposit and withdrawal fees. And for the crypto deposit or withdrawal, it only charges you the standard network mining fees.
2. Independent Reserve
Independent Reserve is another easy to use platform for buying and selling ethereum and other cryptocurrencies. On this platform, you can instantly deposit in Australia and Singapore, and it lets you trade in AUD, USD, NZD, and SGD.
Plus, it offers you advanced tools for streamlining your trading activities. For instance, it offers you advanced order types such as stop loss, take profit and limit orders, and more. So if you are into trading, these features would come in handy.
Even it has a feature called AutoTrader, which lets you implement automated cryptocurrency trading strategies. Simply choose a strategy from their strategy library and configure it as per your needs.
Along with that, it allows you to trade in a vast number of cryptocurrencies. Plus, it has a low trading fee which is about 0.02% per trade. Also, there is no deposit fee if you are depositing AUD 100.00 or more. But anything less than that would charge a processing fee of AUD 0.99.
3. Coinspot
Coinspot is one of the biggest cryptocurrency exchange platforms in Australia. It has been operational since 2013 and is said to be the most trusted network.
It offers you an easy way to buy Ethereum and a wide range of other crypto coins. It is said to have more than 310 digital currencies. Also, it offers you the largest variety of coins and trading pairs.
Getting started with Coinspot is easy. Simply sign up on the platform, and make a payment deposit to your Coinspot account, and you are good to go.
Also, if you are a high-volume trader, then you would enjoy features like OTC or over the counter trading desk and SMSF. In which a team will assist you with all aspects of account management. Or, if you are a regular trader, you can enjoy features like stop loss, take profit and lit, and others.
As far as the fee structure is considered, it charges you 0.1% for market orders and OTC. For instantly buy, sell and swap, take profit, stop and limit orders, and recurring buy, it charges you 1%.
However, there are no deposit or withdrawal fees for POLi, PayID, direct deposits. But other payment methods may occur certain charges.
4. Binance
Undoubtedly, Binance is one of the leading crypto exchanges across the globe. It is the largest exchange in the world in terms of daily trading volume and cryptocurrencies.
It supports over 500 different cryptocurrencies. Also, the platform is made for both newbie and advanced traders. The trading platform is also pretty easy to use, and it offers you tons of features.
Using Binance, you can buy crypto using card deposit, credit/debit card, P2P trading, plus it supports a wide range of third-party payment methods.
Also, it offers you a wide range of trading pairs. So you can buy or sell crypto using AUD, GBP, TRY, EUR, KZT, BRL, and more.
When it comes to fees, it has different structures for different types of trading. For instance, if you execute spot trading orders, there will be a 0.1000% / 0.1000% maker and taker fee. However, I would recommend you to check their website for more details.
5. DigitalSurge
Lastly, there is the DigitalSurge. It offers a unique way to buy and sell cryptocurrencies. Plus, it is extremely user-friendly, and it focuses on simplifying trading.
Getting started with the site is pretty easy. First, you will need to sign up and verify your account and then deposit AUD to your wallet using PayID or POLi, and then you are all set to buy, sell and transfer cryptocurrencies.
The platform also optimizes your investments. For example, it has this concept of dollar cost average or DCA, which minimizes your risk by scheduling recurring buys.
Also, it offers you other tools like price alerts and advanced orders. So you can execute your buy and sell orders more efficiently.
As far as the fee structure is considered, there is a 0.5% trading fee for less than $100K volume. However, there is a deposit fee starts at $2 for POLi. But PayID and crypto deposits are free.
So those were some of the best ethereum exchanges in Australia. So go ahead and check these exchanges out and compare them and see which one works for you. Also, for additional questions, you can let me know in the comments.