Are you interested by shopping for and promoting cryptocurrencies shortly and simply? In the event you answered sure, take into account the Australian platform bitcoin.com.au. On this Bitcoin.com.au assessment, we look at the platform’s key options that can assist you resolve if it’s best for you.
Bitcoin.com.au at a Look
Trade Identifybitcoin.com.au12 months Based and Headquarters2013, SydneySupported cryptocurrenciesOver 30 tokens, together with BTC, ETH, USDT, XRP, BNB, SOL, USDC, DOGE, ADA, TRX and othersFiat Currencies SupportedAUDSupported Deposit StrategiesFinancial institution switch, Credit score/Debit card, Cryptocurrency, PayPal, PayIDDeposit ChargesCryptocurrency: Nil however community charges relevant
AUD utilizing financial institution switch or credit score/debit card: Nil
PayPal: Nil
Withdrawal ChargesFinancial institution switch: Nil
EFT: Nil
PayID: $1.50
Cryptocurrency: Will depend on cryptocurrency
Buying and selling Charges1%Buyer assistE-mail, app and net
What’s bitcoin.com.au?
Bitcoin.com.au is among the many longest-serving Bitcoin and crypto exchanges in Australia. Headquartered in Sydney, the platform was based in 2013. It goals to assist Australians purchase Bitcoin, Ethereum, and different cryptocurrencies simply. The change has made a reputation for itself for simplifying the method of shopping for and promoting crypto with AUD. The platform incorporates a user-friendly interface that makes it preferrred, particularly for newcomers to the crypto house. Customers can commerce crypto immediately from over 1,200 deposit areas and thru peer-to-peer transactions.
Professionals
The user-friendly interface makes it simple for newcomers to navigate the platform.The platform is particularly designed for the Australian market, providing deposits and withdrawals in AUD.Duly registered with AUSTRAC as a Digital Forex Trade (DCE).Customers can purchase Bitcoin and different cryptocurrencies utilizing PayPal, financial institution switch, and debit/bank cards, making it very handy.The platform gives aggressive charges for many transactions.If traders add the referral code SWANS throughout account creation, they obtain a $10 Bitcoin bonus upon account verification.
Cons
The platform gives a comparatively decrease variety of supported cryptocurrencies in comparison with larger exchanges.Superior merchants will discover the out there buying and selling options restricted.Customers are required to finish stringent KYC/AML procedures on account of native rules.Not as closely regulated as conventional monetary markets in Australia.
Key Options of bitcoin.com.au
The next is an inventory of a number of the key options of bitcoin.com.au that you could be wish to take into account:
Easy Interface
Most cryptocurrency exchanges are troublesome to navigate due to difficult person interfaces, however not so with bitcoin.com.au. The platform incorporates a clutter-free, easy-to-use interface freed from complicated terminology and complicated charts. The interface is so calm that even full newbies can grasp the method of shopping for and promoting cryptocurrencies. The change has adopted a easy “click on and purchase” method, thus decreasing the barrier for Australian customers with out technical abilities.
Fame & Regulatory Compliance
Bitcoin.com.au has been round since 2013, making it among the many longest-serving crypto exchanges in Australia. As an Australian-owned firm, the platform totally adheres to native monetary rules and shopper protections. The change is registered with AUSTRC as a Digital Forex Trade, which means customers can commerce with peace of thoughts.
Purchase Crypto Immediately with AUD
The power to purchase Bitcoin straight with Australian {dollars} makes bitcoin.com.au stand out among the many opponents. Customers don’t have to maneuver funds or convert them, and might select between financial institution switch, debit/bank cards, or PayPal. With the moment settlement function, you don’t have to attend for ages on your crypto buy to replicate in your account.
Low Minimal Buy
In contrast to different exchanges the place you should have some huge cash to get began, the minimal buy is $1 at bitcoin.com.au. This makes it handy, particularly for customers who wish to experiment with crypto buying and selling earlier than totally committing themselves. The low entry barrier removes the monetary barrier that principally accompanies crypto buying and selling.
Recurring Purchase Characteristic
Bitcoin.com.au operates a completely automated recurring shopping for function that may be set to purchase Bitcoin weekly, fortnightly, or month-to-month. That is particularly helpful for merchants within the dollar-cost averaging technique. It helps unfold your funding over time and eliminates second-guessing when the market fluctuates.
Account Administration
SMSF Assist for Crypto Buyers
Bitcoin.com.au facilitates the mixing of customers right into a Self-Managed Tremendous Fund (SMSF) course of to incorporate crypto in a long-term retirement technique. The platform gives an easy-to-follow onboarding course of to assist customers open SMSF accounts and full the verification course of. The funding technique is helpful for customers aspiring to diversify past conventional funding strategies.
Quick Account Verification
The verification course of at bitcoin.com.au is easy. You solely want your customary ID paperwork. As soon as verified, you can begin buying and selling crypto instantly.
Academic Sources
In the event you’re new to the world of crypto, you’re totally lined at bitcoin.com.au due to a wealthy library stuffed with academic content material. The Study part, written in plain English, covers each possible topic throughout the crypto house. That is particularly handy for newcomers who want to construct their crypto data.
Safety Measures: Is bitcoin.com.au Protected?
bitcoin.com.au takes the safety of customers and their funds significantly and employs a number of safety measures to safeguard person accounts and property. These embrace:
Two-Issue Authentication (2FA): Customers are required to allow 2FA as a further safety measure past username and password.Chilly Storage for Crypto: The bigger quantities of person funds are stored offline in safe chilly storage wallets.Segregated Funds: The platform doesn’t combine person funds and re-invested funds, guaranteeing each are at all times out there.Sole Custodian: The change stays the only custodian of all buyer crypto property, thereby eliminating third-party dangers.Account Safety Measures: bitcoin.com.au allows account suspension through the duress choice, electronic mail hyperlink, and safety data requests for suspicious logins.Fraud Prevention: The change operates fraud prevention expertise along with safe banking practices.ISO 27001 Certification: The platform is totally AUSTRAC registered and authorized, exhibiting its dedication to securing buyer data.
Whereas the platform might have put in place sufficient measures to assist safe person accounts and funds, merchants have a vital position to play. Make sure that you create a novel and complicated password, allow 2FA, and keep away from clicking on suspicious hyperlinks. Put your bigger quantity of crypto in chilly wallets to get rid of the hazard of hacking.
Which Fiat and Cryptocurrencies are Supported?
bitcoin.com.au helps 30+ completely different cryptocurrencies that you may purchase utilizing the Australian greenback. Customers can simply purchase Bitcoin, Litecoin, ETH, and over 30 different cryptocurrencies.
Bitcoin.com.au Charges
Transaction charges play a vital position in a dealer’s life. bitcoin.com.au has an easy price construction, leaving no room for guesswork with out shock deductions or hidden prices. The open price construction is one more reason the platform appeals to most Australian customers.
Buying and selling charges
Customers are charged a flat 1% price each time they purchase or promote Bitcoin or different cryptocurrencies.
Deposit and withdrawal charges
You’ll not be charged a dime whenever you deposit through debit/bank card, PayPal, or financial institution transfers. There’s additionally no cost on financial institution withdrawals, however a $1.50 price is relevant for NPP or PayID withdrawals.
Crypto withdrawal charges
Sending crypto to a different pockets, transaction charges are relevant primarily based on the kind of cryptocurrency concerned.
Which Fee Strategies are Accepted?
bitcoin.com.au gives a number of handy fee strategies for purchasing Bitcoin or every other cryptocurrency. Customers can select between financial institution switch, credit score/debit playing cards, or crypto, Digital Funds Switch (EFT), PayPal, or PayID.
Bitcoin.com.au vs. Different Exchanges Comparability
CharacteristicBitcoin.com.auBinanceCoinbaseKrakenFocusPerfect for newcomersPerfect for a variety of crypto customers, from newcomers to skilled merchantsPresents merchandise for retail and institutional cryptocurrency traders,Perfect for superior crypto merchants searching for a variety of property and superior instrumentsEase of usePerson-friendly interfaceStraightforward to make use of for newcomers and superior merchants,Presents a clear and intuitive interfaceClear newbie interface on the usual platform and a cell app with a “Easy Mode”Cryptocurrencies supportedBitcoin, Ethereum and the commonest cryptocurrencies350+150+450+Buying and selling choicesShopping for and promoting cryptoSpot buying and selling, margin buying and selling, and derivatives buying and selling (futures and choices)Spot buying and selling, crypto derivatives together with futures and perpetuals, and stakingSpot buying and selling, tokenized shares, futures contracts, margin buying and selling, staking, and DeFi-focused optionsChargesBegins at 1% however differentBeginning at a base of 0.1% for spot buying and selling (maker/taker) and 0.02% (maker) / 0.04% (taker) for futures.Common spot charges for makers begin at 0.60% and takers at 1.20% Quantity-based taker/maker charges starting from 0% to 0.40%Australian presenceMainly Australian changeSureSureSure
How do I Begin Buying and selling at bitcoin.com.au?
The next is a step-by-step process to observe earlier than you can begin buying and selling crypto at Bitcoin.com.au to purchase or swap cryptocurrencies:
Step 1: Create an Account: Log in to bitcoin.com.au and navigate to “Create Account” and click on on it. Present the required particulars, together with electronic mail handle, username, and a powerful password. When you comply with the phrases and situations, you’ll be requested to enter a affirmation code to confirm your electronic mail handle.
Step 2: Confirm Your Id: The relevant KYC/AML legal guidelines require the platform to confirm the id of all its customers. You’ll be requested to offer copies of government-issued IDs and proof of handle. You’ll even be requested to enter your identify, date of delivery, and handle. Copies of paperwork are required to confirm the knowledge offered.
Step 3: Deposit Funds: When you and your account have been verified, you’ll be able to deposit funds into your account to start buying and selling. You can also make a deposit utilizing most popular strategies like PayID, PayPal, financial institution transfers, debit/bank cards, or Digital funds switch.
Step 4: Begin Buying and selling: After you’ve funded your account, now you can purchase, promote, or swap completely different cryptocurrencies by initiating trades. Navigate to the Purchase/Promote part, choose the popular cryptocurrency, and enter the quantity you want to commerce. The crypto asset will likely be credited to your account instantly after the commerce is executed, or money will likely be credited when you bought crypto.
Conclusion: Is bitcoin.com.au Legit?
bitcoin.com.au has created a distinct segment for itself as a secure, professional, and simple Australian-owned cryptocurrency change. The platform eliminates all of the issues related to crypto buying and selling, giving new customers a seamless cryptocurrency funding surroundings. Customers can simply purchase, promote, or swap cryptocurrencies in just a few clicks utilizing the Australian greenback.
Whereas the change doesn’t provide superior buying and selling merchandise like crypto staking or margin buying and selling, it’s particularly preferrred for newcomers. For customers who wish to get pleasure from a hassle-free buying and selling expertise, bitcoin.com.au is an ideal selection. In the event you’re asking your self, “Is bitcoin.com.au legit?” The reply is a powerful sure, seeing that the change is duly registered with AUSTRAC, the nation’s monetary regulator.
Often Requested Questions
Is there a bitcoin.com.au app?
Bitcoin.com.au has an app that simply connects with iOS and Android gadgets. The App allows customers to promote or purchase Bitcoin and different crypto property or handle their accounts on the go. The user-friendly App is safe and has options like 2FA and information encryption to safeguard buyer information and cryptocurrencies.
What buyer assist does bitcoin.com.au provide?
In the event you ever encounter bother whereas utilizing the change, you’ll be able to contact buyer assist through a devoted electronic mail handle – [email protected], or through the use of the in-app assist chat.
Is bitcoin.com.au secure to make use of?
The platform is registered and controlled with AUSTRAC and follows the laid-down rules for digital exchanges. Furthermore, the change adheres to AML/KYC rules and verifies all customers utilizing Australia’s PostID system. This makes Bitcoin.com.au a comparatively secure cryptocurrency change to make use of.
What’s the finest App to purchase Bitcoin in Australia?
There are completely different apps that cryptocurrency lovers can use to purchase crypto in Australia. Relying in your curiosity, Kraken can be the perfect total, whereas Bybit gives the perfect crypto app. KuCoin could also be the perfect change for rising altcoins, whereas bitcoin.com.au can be the perfect for newcomers.
