Cryptocurrencies are an exciting investment opportunity.
Investing in cryptocurrency, also known as digital assets, is simple. Cryptocurrency exchanges and brokerages are like traditional financial platforms, making the investment process familiar to most.
Where to buy cryptocurrency in Australia
BTC Markets is Australia’s longest running cryptocurrency exchange, acting as the trusted trading platform for hundreds of thousands of Australians every day since 2013. It’s simple to use and suited for all investment strategies: from day trading, buy and hold, or higher value trades.
It has straightforward tools and processes:
- Secure NPP PayID payments allow for free, instant deposits and withdrawals.
- Recurring transactions automatically purchase cryptocurrency over time – suitable for longer term investors.
BTC Markets also utilises industry best practices in security protection.
Who can invest in cryptocurrency
Cryptocurrency is open to a range of investor types. This includes individuals, institutions or company traders along with self-managed super funds (SMSF). To open an account on a cryptocurrency exchange, you must be 18 years or older and pass a straightforward identity verification.
With the best liquidity in Australia, BTC Markets can accommodate trades of any size. Larger traders can use our Over the Counter (OTC) trading desk. This allows clients to buy or sell large orders off the public exchange.
For those starting out, recurring transactions make investing over time easy. More sophisticated traders will enjoy using our industry standard API.
Which cryptocurrency to invest in
Everyone’s investment strategy is different. This article is not considered advice. We recommend detailed research prior to any investment.
The two best known cryptocurrencies are Bitcoin and Ethereum:
Bitcoin (BTC) is the world’s first and largest cryptocurrency.
Launched in 2009, Bitcoins are a direct, peer-to-peer digital currency. It is created solely by code, with no banks or governments involved in issuing or trading the coins.
BTC is used for payments and as a store of value. Part of its value is derived from the fact that only 21 million coins will ever be created.
Ethereum is a programmable blockchain, which is a software platform that can be re-coded to build new uses for the technology.
The network’s digital asset, Ether (ETH), is the second largest by market capitalisation.
Ethereum has a feature called smart contracts. A smart contract automatically executes the terms of an agreed contract, without the need for any third-party. It is useful for many industries, including e-commerce, e-gaming and financial services.
BTC Markets lists numerous assets with a variety of market pairs. Please see our Prices page for the latest markets and prices.
Is cryptocurrency regulated?
Over the years the industry has seen a lot of development in cryptocurrency regulation.
Cryptocurrencies are legal and are currently treated as property in Australia. This means they’re subject to capital gains tax. SMSFs are eligible to invest in cryptocurrency as permitted by their fund’s investment strategy. Digital asset exchanges are registered with AUSTRAC and fully compliant with all AML/KYC requirements.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.