Australians have a number of great options for trading cryptocurrencies, with most AUSTRAC-registered brokers offering CFD trading. These complex derivative instruments enable traders to gain exposure to the price movements of digital assets without actually purchasing them. However, it’s important to note that trading CFDs carries a substantial risk of loss and that CGT (capital gains tax) applies to profits made on the sale of any crypto CFD positions. More info :https://theinvestorscentre.com/au/crypto/best-crypto-exchange-australia/

The best crypto exchanges in Australia will support a wide range of popular cryptocurrencies, and offer competitive fees for both deposits and trades. Additionally, they’ll accept AUD, and have fast verification times so that you can start trading quickly.

Places to Trade Cryptocurrency Within Australia

eToro, for example, offers access to 130 cryptocurrencies and a wide variety of stocks, currencies, commodities, and indices through CFDs. In addition, it supports a large variety of deposit and withdrawal methods, including POLi, credit/debit cards, PayID, and bank transfers. It also requires KYC, so you’ll need to provide a government-issued ID and proof of address.

CoinJar is another popular cryptocurrency exchange in Australia, with a strong reputation for reliability and transparency, partially due to its AUSTRAC registration. It facilitates spot trading with over 60 popular cryptocurrencies, and offers crypto bundles that let you buy multiple coins at once. It also offers a range of other features, like YouHolder, a tool that lets you borrow funds from your crypto holdings to purchase more, without triggering a taxable event.

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