Best Bitcoin Trading Platform Australia 2021

If you are an Australian online trader that is looking to trade bitcoin and cryptocurrencies, then you are going to need a quality bitcoin trading platform.

The very best online bitcoin trading platforms in Australia will give you a large range of cryptocurrencies to trade, fees that are low and transparent and have other features like copy trading.

It is also important that your bitcoin broker and crypto trading platform are tightly regulated by the Australian regulator ASIC.

In this in-depth guide we go through the best bitcoin trading platform Australia as well as some of the other solid alternatives.

Best Bitcoin Trading Platform Australia 2021 List

Further down the page we discuss the very best bitcoin trading platform Australia, however before we get into it, here’s a quick rundown to the top bitcoin trading platform Australia and some other great cryptocurrency brokers to consider.

  1. eToro – Overall Best Trading Platform for Bitcoin in Australia
  2. – Best Bitcoin Trading Platform for Beginners
  3. Plus500 – Trade Bitcoin CFDs with Tight Spreads
  4. Binance – Best Cryptocurrency Exchange Platform
  5. CoinBase – Easiest to use Bitcoin Trading Platform Australia
  6. CMC Markets – Best Bitcoin Brokers Australia for Customer Support

Best Bitcoin Trading Platforms Australia Reviewed 

Now, let’s review the best bitcoin brokers in more detail and see who is the best Australian cryptocurrency trading platform for 2021.

1. eToro – Overall Best Trading Platform for Bitcoin in Australia

After our in-depth review of the best bitcoin trading platforms in Australia, eToro came out on top.

With eToro you can trade on over 20 cryptocurrencies. You can also trade these cryptocurrencies with zero commissions.The way eToro makes its money is through their spread mark up which is why they do not charge you any commissions.

When trading bitcoin and other cryptocurrencies through eToro in Australia you can get access to their leverage. As a retail trader you can leverage your trades by up to 30:1. This means that for each $100 you could be trading with $3,000.

crypto etoro best bitcoin trading platform

Making your own bitcoin and crypto trades is a great way to invest in the booming cryptocurrency market, however one of the most popular features of eToro is their copy trading function.

Copy trading lets you follow and profit from other successful traders. You can choose what traders to follow and make money from their winning trades. You can also follow and copy as many other traders as you like.

The platform that eToro offers you is their very own custom built trading platform. This platform is very easy to use and you can access it via the web on your desktop or through any of your mobile devices. You can also use their social trading platform.

When you are ready to place a trade on eToro you will find their platform is very straightforward and intuitive. Before you enter your trade the platform will show you the potential profit or loss to make sure you are not making a mistake.

Whilst eToro lets you trade an extensive range of cryptocurrency markets, they also offer a large range of other markets. These markets include; ETF’s, cryptocurrencies, Forex trading, indices, oil, Gold, Silver and thousands of different stocks. You can also trade all of these markets and assets with zero commissions.

eToro best bitcoin trading platform

eToro has strong regulation throughout the world. This strong regulation includes being regulated by the ASIC in Australia.

eToro came out as number one on our list for trading bitcoin and other cryptocurrencies because it is one of the cheapest Australian bitcoin trading platforms where you can trade cryptocurrencies with leverage. Their platform is very easy to use on desktop or mobile and you can start trading with a range of account funding methods.


  • Social and copy trading.
  • Zero commission on stocks and ETFs.
  • Very large range of countries accepted.
  • Small minimum deposit.
  • Quick and easy to open an account.
  • Fast and helpful customer support.


  • Only have their own platform and no Metatrader.
  • Educational resources not as great as others.

Your capital is at risk.

75% of retail investor accounts lose money when trading CFDs with this provider.


2. – Best Bitcoin Trading Platform for Beginners offers one of the best trading platforms for beginners looking to start trading cryptocurrencies.

This platform is very easy to load, can be used on desktop and mobile and it is quick to learn how to use. let you trade all of the major cryptocurrencies including Bitcoin, Litecoin, Ripple and Ethereum using CFD’s. This means you don’t own the underlying cryptocurrency, but you can use leverage to boost your trading positions. You can also short sell to make money from price moving lower. best bitcoin trading platform

 You can start trading with with no minimum deposit. This lets you to start trading bitcoin for a very small capital outlay. has some outstanding free educational resources. This is one area that this broker really excels with their free guides and videos to help your has multiple deposit methods that are quick and easy to use and that will help you get started trading shares quickly.When it comes trading bitcoin and’s fees they are one of the cheapest brokers on the market. You can trade cryptocurrencies with zero commissions and the spread mark up they offer are some of the smallest of any broker.

You can signup to using the button below.


  • No minimum deposit.
  • Many assets and markets available to trade.
  • 0% commission across all markets.
  • Great for beginner traders.
  • They offer Islamic accounts.


  • Do not offer PayPal to deposit or withdraw.
  • Some countries not accepted as clients.

Your capital is at risk.

71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.


3. Plus500 – Trade Bitcoin CFDs with Tight Spreads

plus500Plus500 is a CFD broker that was created in 2008.

With this broker you can trade on an extensive range of cryptocurrencies including all the majors that include Bitcoin, Litecoin, Ripple and Ethereum.

The CFD trading platform that Plus500 offers is easy to use and can be used on desktop and mobile devices.

Plus500 is a market maker type of broker that along with letting you trade cryptocurrencies also offers many other markets. These include; Forex, stocks, options, and even ETF’s.

plus500 best bitcoin trading platform

*information taken 14th March 2021

When trading cryptocurrencies and bitcoin using CFD’s you can take advantage of Plus500’s leverage that will let you boost your trades by up to 1:30. This means that with $200 you could be trading $6,000 worth of bitcoin.

Plus500 offer no commission bitcoin trading, they are tightly regulated by ASIC in Australia, but they also have other trading fees to keep in mind such as overnight fees and account funding fees.


  • No minimum deposit.
  • Wide range of cryptocurrency to buy and trade
  • In-house trading platform, available on web browsers and mobile
  • They offer Islamic accounts.


  • Do not offer PayPal to deposit or withdraw.
  • Some countries not accepted as clients.

Your capital is at risk.

76.4% of retail investor accounts lose money when trading CFDs with this provider.


4. Binance – Best Cryptocurrency Exchange Platform

binance logoBinance is a cryptocurrency trading platform that allows you to both exchange cryptocurrencies and also use leverage on certain products.

Binance was formed in 2011 and is now one of the largest cryptocurrency exchanges in the world.

With their online trading platform you can trade over 50 different cryptocurrencies. One let down is that unlike some of the other bitcoin brokers like eToro, you do not have the option to trade other markets like stocks or Forex. There is also no copy trading or social trading feature.


Binance had a range of different fees that include fees to make your trades, inactivity fees and also account funding fees.

The trading platform offered by Binance can be used to make trades on desktop, mobile and they also offer an API connection for more advanced setups.

Binance is also an Ethereum trading platform that allows you to trade Ethereum and a wide range of other altcoins.


  • Huge range of cryptocurrencies.
  • Can trade or buy crypto.
  • Very easy to use platform.
  • Offer mobile platforms for iOS and Android


  • No social or copytrading available.
  • No other markets available to trade.

Your capital is at risk.


5. Coinbase – Easiest to use Bitcoin Trading Platform Australia

coinbase logoCoinbase is one of the most popular trading platforms for buying, selling, transferring, and storing digital currency.

The platform offered by Coinbase is highly secure, it can be access on either desktop or mobile and you can trade up to 50 cryptocurrencies. Coinbase was formed in 2012. Now it has over 43 million users, 1,200 employees and is accepted in over 100 countries.


Coinbase charges you a spread when you buy and sell your cryptocurrencies which is how it makes it’s money.

They also offer a USD Wallet and Hosted Cryptocurrency Wallet Service. These services are completely free of charge.

Coinbase is a good option if you are more an investor of cryptocurrencies and not making very fast trades. If you are trading, then a CFD provider could be a better way to go.


  • Very easy to quickly buy and sell cryptocurrencies.
  • Platform can be used on both desktop and mobile.
  • You can slowly invest in cryptocurrencies overtime.
  • Over 100+ countries supported.


  • No social or copy trading available.
  • No other markets available to trade.

Your capital is at risk.


6. CMC Markets – Best Bitcoin Brokers Australia for Customer Support

cmc markets logoCMC Markets is a bitcoin CFD trading platform that has offices in the Australia, the UK and Singapore.

CMC is a market maker broker and was formed in 1989.CMC Markets has strong regulation around. This includes being regulated in Australia by ASIC.

The platform that this cryptocurrency broker provides is their own custom build platform. You can use this bitcoin trading platform on desktop and also all of your mobile devices.

cmc markets

When trading bitcoin or other cryptocurrencies as CFD’s with CMC you can gain access to leverage to boost your trading position of up to 1:30.

If you like to trade bitcoin as well as other markets, then CMC has a huge range of other available markets to trade. These include; stocks, Forex, indices, commodities, treasuries, and cryptocurrencies.

The trading platform offered by CMC is one of the more advanced bitcoin trading platforms and the educational content that they offer for free is also high quality making them a solid all round broker. 


  • Huge range of financial instruments and markets to trade
  • Very good educational resources
  • Supports algorithmic and expert advisor trading
  • Platforms available include MT4
  • Offer mobile platforms for iOS and Android


  • No social or copytrading
  • Do not accept US traders

Your capital is at risk.

75% of retail investor accounts lose money when trading CFDs with this provider.


Best Bitcoin Trading Platforms Fees Comparison

Wondering how Australia’s best bitcoin brokers compare in terms of their fees? We have you covered with a fee table below so you can easily locate the cheapest trading platforms with the lowest fees. Cryptocurrency trading can often have dynamic costs, so we’ve included the main cryptocurrency fees, plus other popular markets like the Forex pair GBPUSD to give you an overall idea of the cheapest broker.

Trading Platform Fees Spread or commission? Bitcoin Overnight fees
eToro Spread 0.75% No overnight fees for buying Bitcoin, but overnight fees for trading Bitcoin CFDs
CMC Markets Commission and spread 80 pips Yes. Taken at end of each trading day at 5pm new York time, which may be positive or negative. Spread 110 pips Yes. Based on leverage for stocks, crypto and thematic assets. Based on entire value of position for forex, commodities and indices.
Plus500 Spread 160 pips Yes. Applies to all instruments and can either be positive or negative.
Binance Spread 0.5% No overnight fees
Coinbase Spread 0.5% No overnight fees

How to Choose the Best Bitcoin Trading Platform Australia for You

As this detailed guide goes through, there are quite a lot of different options when it comes to bitcoin trading in Australia.

With that said, there are some important factors that will help your bitcoin trading success when choosing your broker and trading platform.

Some of the most important factors you want to keep in mind include; making sure that the platform is ASIC regulated in Australia, making sure you have good options for deposit and withdrawals and also that the customer support is first rate.

Some other main benefits you want to keep an eye out for when choosing your bitcoin trading platform include:


Whether you are just starting out or you a more advanced in your trading, making sure you are trading with a regulated broker is very important.

In Australia the regulator is ASIC and you want to make sure that you cryptocurrency trading platform and broker is regulated by ASIC.

The other major regulators around the world include the FCA in the UK and the CFTC in the US.


The more cryptocurrencies you have available to trade, the more trading opportunities you have and the more potential trades you can make.

Whilst bitcoin and other crypto’s have been booming in recent times, not all brokers offer an extensive range for you trade.

You should also keep in mind that the best bitcoin brokers will also offer other markets for you to trade. These include;

  • Commodities
  • Cryptocurrencies
  • Forex
  • Stocks
  • Bonds
  • ETFs
  • Indices


Fees and trading costs can sometimes be a little hard to find and understand when trading bitcoin.

The best bitcoin brokers like eToro offer no commission trading and instead only charge you a spread mark up.The most common form of fees you are going to see when making you bitcoin trades are are commissions and spread.Some brokers will charge you a commission to buy and sell your shares and others like eToro will charge zero commissions, but they will charge a spread.

There are some other cryptocurrency trading fees you need to keep in mind which include:

  • Overnight Holding or Rollover Fee: If you are trading your shares as CFDs and holding your trades overnight, then you will be subject to an overnight financing fee. 
  • Deposit or Withdrawal Fees: Some brokers will charge a deposit or withdrawal fee. Some will also charge a conversion fee if your account is in a different currency.
  • Inactivity Fees: Some Australian share trading platforms will start charging you monthly inactivity fees if your account goes inactive.

Trading Tools & Features

The better the tools and features you receive from your broker, the more chance you have of your trading being successful.

Two of the main of the tools and features you should want from your broker include copy trading, and the ability to use a free demo or virtual trading account.

eToro offers a social and copy trading feature for their trading that is an industry leading tool that lets you copy other professional traders. When copying these traders you can make money from the same profitable trades they are making.

Demo or virtual money accounts are something you also want to have with your broker. A demo account will let you practice on the trading platform without risking any real money. It will also let you test any new trading strategies in a risk free environment.

Education, Research & Analysis

The highest quality bitcoin brokers in Australia will offer you access to free daily analysis and investment education.

They key to this market analysis and research is the quality.

Having daily analysis and education that is high quality can be a crucial edge over the market when bitcoin trading.

You will notice that major news and economic announcements can have the power to move cryptocurrencies prices rapidly. If you can stay one step ahead of the curve with quality analysis and market research you will be in front of many other traders.

User Experience: Easy to Use Bitcoin Trading Platform

The Australian bitcoin trading platform that you use is going to have a huge impact on your trading success or failure.

If you use a platform that is slow, constantly chopping out and lagging on your, then it is going to hurt your trading.

If you use a state of the art platform that is easy to use and places trades quickly, then it will greatly help your trading.

The very best cryptocurrency trading platforms like eToro have everything built directly into their platform and they can be used on both desktop and mobile platforms.

Mobile App

Whilst it would be ideal, you will not always be at your desktop to make or manage your trades.

This is where a mobile trading app to make and manage your bitcoin trades comes in.

Having a high quality mobile trading app for your bitcoin trading is crucial.

The best mobile apps will let you quickly and easily check your portfolio, make new trades and also manage or exit and existing trades quickly and easily.

Payment Methods

Some brokers have an extensive range of account funding methods. Others (especially the unregulated brokers) will have very few or only let you deposit with bitcoin.

The method you make your deposits and withdrawals is important. You need to trust it and be comfortable with it.

It is important this deposit and withdrawal method is fast and efficient and that your broker of choice accepts it.

Customer Service

Customer service in the cryptocurrency space varies wildly from broker to broker.

Your broker should be easily contacted and they should have multiple methods that you can reach them. These include live chat, email and phone.

When you do get into contact with the customer support the support agents need to have a solid understanding of bitcoin and cryptocurrencies. The best customer service teams are well trained and they will be able to help you quickly with any issues you have in your trading.

How to Get Started with the Best Bitcoin Broker Australia

So far through this guide we have shown you what to look for and how to find the best bitcoin trading platform and broker.

Now we are going to go through a step-by-step walkthrough showing you have you can signup and start making bitcoin and cryptocurrency trades.

For this walkthrough we will be using our number one bitcoin trading platform for Australia as an example, eToro.

Step 1: Open an Account and Upload ID

Whether you are opening a demo, investor or copy trading account the first thing you are going to need to do is head over to go to eToro here and start with the account opening process.

On the eToro page they will ask you to fill out your name, username, email, password and phone number. Once you open your account, you’ll be asked to confirm your identity by adding various proof of name and address.

eToro signup

Step 2: Deposit Funds

To start trading and making profits you will need to make your first deposit.

With eToro you can deposit in a number of ways. These include;

  • Debit cards
  • Credit cards
  • E-wallets (Paypal, Skrill, or Neteller)
  • Bank transfer

When you are ready to make a deposit, click the blue ‘Deposit’ button. You can then follow the steps to make your first deposit. The current minimum deposit is $200.

Step 3: Search for Bitcoin

Once you have made a deposit, you can then begin to buy bitcoin. Using the search bar at the top you can search whichever asset you are looking to invest in, in this case it is bitcoin.

eToro Bitcoin trading platform

Step 4: Start Trading

Once the funds are in your trading account you are ready to start making bitcoin and cryptocurrency trades.

Firstly you will want to go to the search bar up the top on eToro’s platform. In here enter the market you want to place a trade on. When you have found the market you want to place a trade on hit the ‘Trade’ button. A box will then open showing you all of the different parameters for the trade. Once you have filled these out you will see your potential profit and loss.

When you are happy with everything that is filled out you can hit enter and place your trade.

Buy Bitcoin on eToro


Best Bitcoin Trading Platform Australia – Conclusion

In recent times the popularity of bitcoin and cryptocurrency trading has boomed. The competition between brokers has also grown. This has led to the best brokers giving you even better deals.

After our thorough review of some of the top bitcoin brokers and cryptocurrency exchanges in Australia, eToro took out the number one position.

eToro is strictly regulated by ASIC in Australia, they have a very large of cryptocurrency markets you can trade, you can take advantage of their leverage and they offer commission free trading. You can start bitcoin trading with eToro using the button below.

eToro – Best Bitcoin Trading Platform Australia with 0% Commission

75% of retail investor accounts lose money when trading CFDs with this provider.



How do Bitcoin brokers make money?

Bitcoin and cryptocurrency brokers normally make money in two ways. The first is by charging a commission when a you buy or sell bitcoin. The other way that bitcoin brokers make money is by charging you a spread mark up instead of charging a commission. This is the difference between the bid and ask price offered to you as the trader.

Which platform is best for Bitcoin trading?

eToro's bitcoin trading platform is one of the simplest and easiest to use platforms to trade bitcoins. The eToro bitcoin trading platform is suited to both beginners and advanced traders. This platform is able to handle even the most advanced technical analysis

What is the best Bitcoin trading platform for beginners?

The reason eToro's bitcoin platform is so popular with beginner traders is because of how easy it is to use their charting tools. There is no bulky software to download and you can use it on your desktop or mobile platforms.

What is the best Bitcoin trading platform in Australia?

The eToro platform is a wise choice if you are looking to start bitcoin trading in Australia. eToro is strongly regulated throughout the world including by ASIC in Australia

What is the cheapest Bitcoin trading platform?

The bitcoin trading platform offered by eToro has zero commissions for bitcoin trading which means you don't get charged extra fees for making your trades in the financial markets. You are only charged the spread mark up when placing your trades.'

About Johnathon

Johnathon is a Forex and futures trader with over ten years trading experience who has written for some of the biggest finance and trading sites in the world. Jonathan is also the founder of ForexSchoolOnline.