People worldwide look to invest in cryptocurrencies as the latest popular asset class. Cryptocurrencies have shown exponential growth over the past few years, outpacing other asset classes, making them a popular choice for investors seeking quick gains. However, many people would like to find the best crypto to buy now but have no idea how.

This guide aims to provide general information about the best crypto to buy and how to trade cryptocurrencies.

Best Crypto to Buy in Australia – Step by Step Guide 2022

Several platforms are available to find the best crypto to buy, and the process is usually quite simple. We, however, like eToro the best, which is true for a variety of reasons.

Best Crypto to Buy in Australia – List

1. eToro – The Best Platform to Buy Crypto Overall
2. Capital.com – Innovative Platform To Find The Best Crypto To Buy
3. Libertex – Excellent Choice To Find The Best Crypto To Buy Now
4. Binance – The Best Platform to Buy Crypto Regularly
5. Crypto.com – Growing Platform To Find The Best Crypto To Buy Now

Best Crypto to Buy in Australia – Step by Step Guide 2022

Several platforms are available to find the best crypto to buy, and the process is usually quite simple. We, however, like eToro the best, which is true for a variety of reasons.

1. eToro – The Best Platform to Buy Crypto Overall

The best crypto to buy right now, even though there are hundreds of different platforms you can use to find the best crypto to buy, eToro easily earns our recommendation as to the best overall platform, especially for beginners or intermediate traders. To begin with, this is because the platform’s interface is designed to be easy to use and navigate. Additionally, eToro’s design team said they designed the platform to be more like a social media platform to simplify for people to use. Additionally, you will be able to test the platform and place orders before trading with actual money through the platform’s demo account.

In addition to its product variety, eToro is regarded as one of the best platforms to buy crypto. In addition to BTC, ETH, ADA, DASH, and DOGE, eToro offers 17 different cryptocurrencies. Crypto options are also available. Some cryptocurrencies, however, are available only in specific jurisdictions. You can also store your coins in their crypto wallet when you make a cryptocurrency trade through eToro. As well as for cryptocurrencies, eToro offers stocks, commodities, forex pairs, and indices.

Taking care of your capital is crucial in this day and age, and eToro’s platform provides you with top-notch security for your capital. In addition, the FCA and CySEC are among the regulatory agencies that regulate eToro and other Tier-1 agencies.

By using a commission-free revenue model, eToro stands out as well. Due to the flat commissions most crypto platforms charge, day trading is highly complex. eToro’s fees are based only on the spread, the difference between the ask and bid price. Because of their highly competitive spreads, trading with eToro is significantly cheaper.

Inexperienced or new traders may take some time to get used to the different strategies. Identifying patterns and making the right trades on them isn’t easy. You would also like to avoid missing out on learning opportunities during your period of learning. You can do this on eToro by using their copy trading tools, which will enable you to copy other experienced traders. With just a few clicks, you can browse a collection of more than 1000 traders and copy their trades, making the same profits they do. You can also invest in various portfolios maintained by the eToro team for similar results. So, if you are looking for a platform to find the best crypto to buy now, eToro is your best option.

eToro fees

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Capital.com – Innovative Platform To Find The Best Crypto To Buy

Since Capital.com was introduced in 2005, it has gained popularity in the European market. There are more than 3,000 instruments available on this site, including a wide range of stocks CFDs. Traders worldwide can trade more than 2,400 stocks in the system. Additionally, ETFs, indices, commodities, and forex can be traded.

You can trade commission-free and with low spreads on this European trading platform. Additionally, Capital.com offers spread betting and CFDs, so any spread betting profits you make are tax-free.

Among their best features are the tools they provide. The company provides traders with a sophisticated trading platform based on artificial intelligence, trading insights, technical indicators, analytical tools, and advanced charts and offers online educational services, including webinars.

Capital.com's FCA license makes it one of the world's most secure free trading platforms. Alternative payment methods include PayPal, Neteller, Apple Pay, and Skrill. As a result, Capital.com is a good option for Australians looking to trade bitcoin. Capital.com is one of the best exchanges for finding the best crypto to buy now if you are looking for a platform.

Capital.com fees

Your Money Is At Risk.

3. Libertex – Excellent Choice To Find The Best Crypto To Buy Now

Libertex, founded in 1997, has been providing CFD trading services to its clients ever since. With over two decades of financial market and online trading experience, this popular platform has amassed over 2.2 million clients worldwide, both casual traders and seasoned investors alike.

Libertex provides over 250 financial instruments to clients from over 100 countries. Libertex, however, keeps its brokerage offerings as simple and streamlined as possible, in contrast with most of its competitors. This CFD broker covers over 200 markets and focuses primarily on CFD derivative trading. Among them are stocks, cryptos, indices, ETFs, and more.

Using leverage in your trading will gain much more exposure to the market you are trading in than what you deposited to open the position. Thus, leveraged CFD derivatives can maximize both profits and losses.

Retail traders in Australia can invest with up to 1:30 leverage with Libertex. In other words, you could have access to £30,000 of trading capital with just a £1,000 account balance. In contrast, professional accounts offer maximum leverage.

Libertex provides two options for trading platforms. In the first place, Libertex's proprietary web trader is ideal for beginners looking for a simple and user-friendly online trading platform without being complex and advanced. In contrast, advanced traders with much trading experience can use technical indicators, fully customizable charts, drawing tools, and robo-advisory services for automated trading through the MetaTrader trading suite. Libertex is one of the best exchanges for finding the best crypto to buy now if you are looking for a platform.

Libertex fees

Your money is at risk.

4. Binance - The Best Platform to Buy Crypto Regularly

Traders interested in actively trading cryptocurrencies rather than just investing in them choose Binance, which is true for numerous reasons. Binance is first and foremost a cryptocurrency exchange and trading platform, which offers a variety of benefits. To begin with, there is a wide variety of cryptocurrencies available for trading on the platform. Binance also regularly launches new cryptocurrencies. Each day, Binance deals with billions in trading volume. As a result of the high liquidity it now enjoys, a cryptocurrency's price can skyrocket when listed on Binance.

Binance also offers a broader range of tools than other trading platforms as a specialized cryptocurrency trading platform. As a day trader, you will analyze patterns and spot trading opportunities with the help of several charting and analysis tools. Since these tools differ marginally for each asset class, using a crypto trading platform means that all tools will be tuned to cryptocurrencies.

Binance offers two ways to trade cryptocurrencies. First, you can trade them for fiat currencies, such as BTC/USD or ETH/GBP. Additionally, you can exchange cryptocurrencies for other cryptocurrencies. You can, for example, exchange DOGE/BTC or BTC/BNB. Because of this, if you want to sell Ethereum and buy Bitcoins, you can do so through just one trade instead of first changing your crypto to fiat and using it to buy Bitcoins. Cross-crypto trading saves fees in this way. Binance is one of the best brokers for finding the best crypto to buy now if you are looking for a platform.

Binance fees

Your money is at risk.

5. Crypto.com – Growing Platform To Find The Best Crypto To Buy Now

Around the world, cryptocurrency exchanges like Crypto.com are growing rapidly. The site is fast and secure because it is developed by a large team and is supported by a strong marketing department. In addition, their staking program offers a return of 14% per year on a portfolio of over 40 cryptocurrencies and stablecoins.

With a market cap of $16.6 billion, Crypto.com's CRO coin is ranked 12th on the list of digital coins. Crypto.com is a platform with great potential. In addition, the company is entering the NFT market and offers margin trading derivatives. Crypto.com offers investments starting at $1. So, if you are looking for a platform to find the best crypto to buy, Crypto.com is your best option.

Crypto.com fees

Your money is at risk.

Best Crypto to Buy - Fee Comparison

What is a Crypto?

A cryptocurrency is, in simple terms, a digital currency that can be exchanged for conventional currency. It is highly protected by blockchain technology as a digital currency, making it impossible to counterfeit. Blockchains are public ledgers that are enforced by a network of computers that are not connected. A key characteristic of cryptocurrencies is that they are highly decentralized, which means that no central bank launches them. Instead, they are mined by computers all over the world.

Bitcoin was the first cryptocurrency released, and it is currently the cryptocurrency with the largest market capitalization. Altcoins are all cryptos other than Bitcoin, and their prices are typically highly correlated with crypto prices. Ethereum, Cardano, Ripple, and Doge are other popular altcoins. Each altcoin has its own set of characteristics, and there are several categories of them. Mining, for instance, makes up the majority of altcoins. Using their computers, miners worldwide create these coins out of thin air. The blockchain, which tracks the ownership and authenticity of each coin, is maintained by a group of computers using their computing power. The miners get some of the newly mined coins in return for using their computers to maintain the ledger. Some altcoins are not mining-based. ICOs, or Initial Coin Offerings, enable coins to be created. A coin's IPO is similar to a stock's IPO, and through this process, coins can simply be created and listed on exchanges immediately.

There has to be a mechanism that prevents cryptocurrencies from becoming highly inflationary assets due to their unlimited supply since cryptocurrencies are usually mined or listed through an ICO. This is why most cryptocurrencies have a supply limit. Bitcoin mining, for example, has slowed over the years, and the rate at which it can be mined has also decreased. By this rate, Bitcoin's supply cap will be reached in 2140, after which new Bitcoins will no longer be mined. The deflationary nature of cryptocurrencies allows users to stop worrying about inflation. Additionally, Bitcoins and other cryptocurrencies are considered a hedge against inflation instead of gold, the standard hedge.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Why Invest in a Cryptocurrency?

Cryptocurrency investing has become increasingly popular in recent years, coinciding with cryptocurrency prices. As a result, more platforms emerge that allow users to trade cryptocurrencies easily. Additionally, the general public has become more aware of the benefits cryptocurrencies offer, making them a more attractive investment and a speculative asset. There are many reasons you should consider first buying crypto, which is discussed in detail below.

High Growth Potential

In Australia, most investors search for the best crypto to buy today. There is no doubt that it is a high-risk investment, not least because cryptocurrency prices are extremely volatile. In 2009, if you invested just £100 in Bitcoin, your investment would now be worth over £400 million. In March 2020, Bitcoin would have cost you around $5,000. A year later, it had increased by a factor of 10! The FTSE 100 is worthless compared to five years ago. The possibility of huge, quick gains has made cryptocurrencies a very attractive asset for speculators. Cryptocurrencies have grown faster than nearly every other asset class, including stocks, bonds, and even real estate. Crypto is one of the best investments if you're looking for a high return on your investment.

Finite Production

In addition, many newbie investors are unaware that most cryptos, such as Bitcoin are finite assets like gold. The reason for this is that there will only ever be 21 million Bitcoins in circulation, and something very similar applies to other best cryptos to buy now. The value of cryptocurrencies should therefore continue to rise indefinitely over time. Stock investments, for example, can lead to the creation of new shares. As a result, your investment becomes diluted as more shareholders are available. Unfortunately, using Bitcoin and its underlying blockchain technology isn't possible.

Fractional Ownership

Due to the fact that cryptos are digital currencies, they can easily be fractionalized, meaning you can buy a fraction of a Bitcoin. A $50,000 coin, for example, is worth only a few cents when broken down to 0.00000001. Nevertheless, the minimum amount of Bitcoin that you can buy in Australia will depend on your choice of brokerage site. eToro, for example, is regulated by the FCA and allows investments of just $25. As cryptocurrencies are speculative and volatile, you should start with smaller amounts before figuring out how to use them.

Best Crypto To Buy In Australia 2022

Lucky Block (BLOCK)

Among the fastest-growing industries in the past few years has been online gaming and gambling. Blockchain-based decentralized lottery systems exploit the booming lottery industry to address its shortcomings. Moreover, lucky Block users won't have to worry about fairness, security, or transparency because the blockchain will solve these problems.

To invest in Lucky Block tokens, PancakeSwap allows you to trade the coin directly. Other exchanges are expected to list Lucky Block soon. Binance Coin (BNB) can also be purchased beforehand. BNB ranks fourth in terms of market capitalization, which means it is readily available on most of the top cryptocurrency exchanges. After purchasing BNB, you should move your BNB into your crypto wallet. The next step is to connect your BNB wallets (Metamask and Trust Wallet) to the PancakeSwap DEX.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

BTC (Bitcoin)

The price charts of cryptocurrency have always drawn attention since Bitcoin launched in 2009. Furthermore, recent developments in the financial markets have also increased cryptocurrency's popularity. Bitcoin is an obvious choice for any investor seeking a competitive advantage because Bitcoin constitutes a significant portion of the entire market capitalization of cryptocurrencies.

With this cryptocurrency, approximately $3 trillion is associated with its market capitalization. In November 2021, the cryptocurrency reached its all-time high of $69,000. Since Bitcoin is the leading payment network, Visa and Tesla accept it as a payment processor. In addition, it is unique as a currency that sets it apart from many other currencies, offering many advantages to its users.

By the end of 2025, Bitcoin's long-term price prediction has the potential to reach $330,000, making it a great investment to make. Due to its deflationary tendencies, bitcoin still maintains its dominance in the crypto charts.

Despite bearish trends in this crypto, its strong fundamentals and long market presence have made it less susceptible to price crashes. Traders and investors can also benefit from the mainstream adoption of this currency.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

ETH (Ethereum)

In the entire crypto ecosystem, Ethereum is ranked second to Bitcoin in terms of market capitalization. To facilitate decentralized financial exchanges, it uses a consensus proof-of-work algorithm. Proof-of-stake will be used in the future.

These open-source, decentralized blockchain networks allow developers to develop and implement decentralized applications (dapps) and smart contracts without relying on third parties.

Ethereum is an excellent alternative to Bitcoin due to all of these characteristics. Furthermore, Ethereum has created a platform of decentralized financial products that anyone can access, regardless of nationality, faith, or anything else.

Since its launch in the financial market, it has been one of the most successful cryptocurrencies. Since its launch, Ethereum has seen its value increase by over one hundred thousand percent, resulting in many smiles for investors.

Recent price trends on the crypto market have been bullish for this coin. In the coming years, decentralized financing will spread to every sector because of Ethereum's DApp and DeFi technologies.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

ADA (Cardano)

Using a proof-of-stake algorithm, Cardano is a cryptocurrency running on the Ouroboros blockchain. In terms of market capitalization, Cardano is ranked sixth. Additionally, it requires fewer resources to validate transactions as an alternative to Bitcoin.

Bitcoin was also founded by Charles Hoskinson, the founder of Ethereum. Bitcoin and Ethereum were founded by the same person, but their systems are different. Proof-of-work blockchains are used by Ethereum, while Proof-of-stake blockchains are used by Cardano.

Cardano has an edge over other Blockchain technologies because of its unique proof-of-stake mechanism. Cardano aims to be the most environmentally sustainable blockchain platform. This cryptocurrency aims to achieve interoperability, scalability, and sustainable development.

By market capitalization in last year's market chart, Cardano became the third-largest cryptocurrency behind Litecoin, Dogecoin, and Ripple. As its presence in the smart contract arena increases, Cardano will see positive momentum in the crypto market as well.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

DOGE (Dogecoin)

Dogecoin dominated the news in 2021. In its logo, Doge features a Shiba Inu. At the start of 2021, investors weren't particularly interested in Dogecoin.

The meme coin price charts increased after Elon Musk tweeted about it. When it was listed on popular trading platforms such as Coinbase, cryptocurrency investors gained confidence. This contributed to bitcoin's all-time high value of $0.74 (£0.55) this year. Since bitcoin was launched in 2014, its value has increased by twenty thousand percent.

In terms of market capitalization, this cryptocurrency is currently ranked 11th. No upper limit exists on the number of Dogecoins that can be mined, so there is no limit on supply.

Its potential future trends will appeal to those interested in it. By the end of 2025, meme coins will be worth $0.64 each. The past performance of digital currencies cannot be compared to the future potential of any digital currency.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Buying Cryptos Safely

There are no guarantees when it comes to investing in cryptocurrencies. However, cryptocurrencies can greatly expand the demand for goods and services if launched smoothly and popularly. Considering the new and unique concepts that cryptocurrencies experience daily, this is quite likely. Furthermore, blockchain technology is growing rapidly. Therefore, it is impossible to predict when another cryptocurrency with superior energy efficiency and technological advancement will be launched, rendering the current ones redundant and dropping their prices.

The risks of investing in anonymous projects like cryptocurrencies are also distinct as a critical flaw in the code may allow developers to steal cryptocurrency from investors by scamming them. Due to the wild west that is DeFi, users are losing millions of dollars every year due to scams. The possibility could be ruled out if experienced code auditors had access to the code, but most cryptocurrencies haven't yet been audited, so they can't do this.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Risks of Buying Cryptos

Cheap crypto has a strong community function rather than a utility function, so it makes a good investment today. As a result, Boneparth, who has been investing in the best crypto coin to buy now since 2014, explains that the success and growth of the community determine how successful they are. Despite this, investing in cryptocurrencies involves a high degree of risk because experts warn that there is a greater possibility of losing your money. Regardless of the cryptocurrency you choose, experts generally recommend that you should only invest what you can afford to lose

Several aspects of altcoins differ from bitcoin, including their structure, supply, and use, meaning altcoins should be handled with greater caution. In 2009, Bitcoin was created as a peer-to-peer electronic cash system. The company has designed an ecosystem that supports its blockchain and its blockchain. Through the limited supply of Bitcoins, there is a certain amount of built-in scarcity. Its capability to be used in this manner makes it such a valuable investment for its holders, hoping that it will be recognized as an important decentralized digital currency in the future. The majority of altcoins are deficient in these features, which means they are less compatible with infrastructure designed for the Bitcoin blockchain

Despite this, Brett Harrison, president of the cryptocurrency exchange FTX US, warns that "cryptocurrencies are extremely risky and there is no guarantee that they will perform well as investments. Retail investors should always conduct due diligence before trading these assets." Harrison looks for assets that offer specific utility rather than investing in the best crypto to buy right now based on hype to make money from crypto-assets.

Investors are becoming increasingly interested in crypto assets. According to Marcus, they provide a store of value, facilitate an efficient mechanism for transferring funds, or serve as an algorithm that enables the development of blockchain-based applications. As a result, retailers may find many of these assets suitable. Nevertheless, it would help to exercise caution whenever you decide to invest in cryptocurrencies.

Selling Cryptos

The process of selling cryptocurrencies will largely depend on the trading platform you are using. For example, you can easily sell your stocks on eToro by simply going to your portfolio and clicking the sell button. The next step for you is to click the place order button once you have selected the amount and type of order you wish to place. Your cryptocurrencies will then be converted into the fiat currency you use to operate your platform. In contrast, you will have other options if you use a sole cryptocurrency exchange. For example, you may wish to convert your cryptocurrencies into other best cryptos to buy right now, such as Bitcoin, Etheruem, or Binance Coin, alongside various fiat currencies. Following this, you will store these cryptocurrencies in your wallet on the platform.

Where to Buy Cryptos

To find the best crypto to buy Australia, we definitely recommend eToro.

Best Way to Buy Cryptos in Australia – eToro Tutorial

Below we have outlined a list of the steps you can follow to start trading cryptocurrencies on eToro. The process of opening an eToro account and trading involves four steps.

Step 1: Open an Account

Click the "Join Today" button on the eToro homepage. Then, you will be asked to complete a short form that will ask you for your contact information and require you to set up your login credentials. To make sign-ins easier, you can also sign up using your Facebook or Google account so that you don't have to remember your username and password.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 2: Upload ID

Next, you will upload a copy of your ID to verify your identity. The KYC (Know Your Customer) process has to be completed before you can trade on eToro since they are a regulated platform. There are two parts to this process. Verifying your identity is the first step. Here, you can upload a copy of any government-issued ID, such as a passport, driving license, or visa. Next, you will need to upload either a bank statement or a utility bill as address proof.

If you upload the documents, eToro responds quickly and usually verifies your account within a few hours.

Step 3: Deposit Funds

After that, you will need to deposit money into your account. On eToro, the minimum deposit is 200 GBP. Deposits can be made in several ways. The easiest way to fund your eToro account is to use a bank transfer or credit card. The company accepts a variety of e-wallets, such as PayPal and Skrill. Additionally, you can add funds in different currencies, such as USD, GBP, and EUR. Funds can be deposited into your account without fees or charges, and they show up almost immediately.

Step 4: Buy Cryptos

The final step is to begin trading the best new crypto to buy. Simply find the coin you'd like to trade in the search bar, enter the amount you'd like to buy or sell, and click the order button.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

eToro – Buy Cryptos With 0% Commission in Australia

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FAQs

Who created the first cryptocurrency?

The person who created Bitcoin, the world's first cryptocurrency, is known by the pseudonymous name Satoshi Nakamoto.

What is the total crypto market cap?

The market capitalization of crypto is $2,138 billion at writing.

To buy cryptos, do I need a crypto wallet?

eToro and other CFD platforms do not require you to have a crypto wallet to buy cryptocurrencies. When you purchase actual cryptocurrencies through a wallet, you can transfer them between platforms

Can I buy cryptos in Australia?

It is possible to purchase cryptocurrencies in Australia through established trading platforms such as eToro, Binance, and Capital.com.

How much money do I need to buy a Bitcoin?

Bitcoins can be purchased for as little as $25, depending on the minimum balance requirements associated with your platform.