Best Website to Trade Crypto Currency in Australia?

TurkishDelight on 14/12/2017 - 17:46
Last edited 14/12/2017 - 19:51 by 1 other user

Hello OZBargainians,

Crypto have finally gained my interest (I know I am late for the party) but yet happy to "gamble" some of my hard earned money. I have been keeping my eyes on Litecoin, etherium, and ripple as it is already too late for the bitcoin game. I have made an account with BTCMarkets and installed Electrum Wallet (only supports Litecoins). I had plans to buy Litecoins and ripple coins and HODL, but I am interested in day to day trading with etherium. Does anyone here in the do crypto trading, who can advise me the best exchange site that is cheaper & convenient for daily trades? Furthermore, any suggestion for a trusted wallet that supports multiple cryptocurrencies?

Thanks,
TD.

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Financial Cryptocurrency

Comments

  • Donaldhump on 14/12/2017 - 17:58

    i use btcmarkets, but only a few grand in it. i dont use any wallets, so not that safe, but money i don't care if i lose. 1/3 ripple , 1/3 eth, 1/3 litecoin

    • TurkishDelight on 14/12/2017 - 18:22

      I am tossing between litecoin and etherium. I can but 3 litecoins or one of each. Market screams etherium but my personal instinct says litecoin will take over.

  • joungs on 14/12/2017 - 18:22

    Anyone using coinspot?

    • TurkishDelight on 14/12/2017 - 18:24

      What have you invested in?

    • clankyasp on 14/12/2017 - 18:26
      +1

      They are very expensive and their buying exchange rates are higher than others:) Use BTC markets, best for Australians, in terms of fees.

      • joungs on 14/12/2017 - 18:34

        Coinspot has so many coins tho so good if you don't want the hassle of transfering bitcoin to a US exchange

    • GalacticBacon on 14/12/2017 - 19:19
      +1

      I have a verified account but I haven't traded with them yet, seems like the only option for me as I'm trading DOGE

  • [Deactivated] on 14/12/2017 - 18:36

    BTC Markets but their fees are shit.

    • TurkishDelight on 14/12/2017 - 18:39

      Yes looking for an alternative for trading.

      • [Deactivated] on 14/12/2017 - 18:41

        I tend to use BTC Markets to deposit AUD and then buy a crypto and send it to Bittrex. Screw paying more than 0.25% every single trade.

        • TurkishDelight on 14/12/2017 - 19:49

          Great idea. Can you tell me more, so I buy a crypto but how do I send it to Bittrex?

        • [Deactivated] on 15/12/2017 - 14:05

          @TurkishDelight:

          You simply withdraw it from BTCM to your Bittrex deposit address.

        • TurkishDelight on 15/12/2017 - 19:13

          @nurries: Bittrex vs Binance? Isn't binance open to more cryptos?

  • bobz79 on 14/12/2017 - 18:44
    +1

    Probably this has all the info you need: http://www.bitcoinreviews.com.au/#compare

    I am leaning towards www.independentreserve.com as they are slightly cheaper than www.btcmarkets.net

  • cloudy on 14/12/2017 - 19:18
    +3

    Honestly, if you want to make money on this stuff you need to be first in.

    Tell you what, i'll make my own coin, call it Cloudycoin, i'll only make 1 mill available (less than the 21m bitcoin has) and you can buy them in my ICO (Initial Coin Offering) @ $1 each. one day when they hit $10,000 you'll be very rich.

    • TurkishDelight on 14/12/2017 - 19:57
      +1

      As I said, I am not into bitcoins. Plenty of altcoins that aren't too late to hop onto.

      • cloudy on 15/12/2017 - 12:10
        +1

        I think you missed my point. But that’s ok

        • TurkishDelight on 15/12/2017 - 19:14

          What did I miss? Are you pointing it to the market cap?

        • cloudy on 15/12/2017 - 21:26

          @TurkishDelight:

          the point is all these currencies can be created out of thin area, every currency you mentioned can be just made and sold by anyone with a click of a button, so if i created a CloudyCoin why would you buy it? if you wouldn't buy CloudyCoin why would you buy Bitcoin?

          It seems like you are buying Bitcoin coz othesr are buying Bitcoin, and others are buying Bitcoin coz some others are buying it. But is that a good reason to buy it? :)

        • TurkishDelight on 15/12/2017 - 22:04

          @cloudy: Roadmaps.

    • dylanando on 14/12/2017 - 21:39
      -1

      Certainly not to late to hop in. With the recent surges in the top 5 coins it's just getting started.
      Anyone who says this has no clue.

      • kaos on 15/12/2017 - 12:38

        I hate to rain on your parade, but try looking for an asset that kept climbing when it had already seen gains of over 30,000%
        'Just getting started' is just plain wrong

  • Ilikeozbargain on 17/02/2018 - 19:38

    In relation to cryptocurrency wallets, what you should be looking for are cold storage wallets. This allows to keep your cryptocurrency (offline, no access to internet so it cannot be hacked).

    The 3 main ones are:

    1. Trezor
    2. Nano Ledger S
    3. KeepKey

    Nano Ledger S seems to have the support for the most cryptocurrencies although Trezor is viewed to be more "popular".

  • furic7 on 09/07/2018 - 13:23

    I use IndependentReserve and it's UI is pretty easy to use. I'm happy with their 0.5% transaction fee and no AUD withdraw fee. I even emailed them asking if they will have an iOS version soon, and they replied it's on their list.

    Recently a Chinese-background exchange Houbi entered the Austrlia market with competitive 0.2% transaction fee but $5 AUD withdraw fee. May give it a try if I have a large amount to exchange.

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