The popularity of cryptocurrencies is rapidly increasing worldwide, and Australia is no exception. In fact, as per Finder’s survey, Australia has the 3rd highest rate of crypto adoption globally, standing at 17.8%.
Trading cryptocurrencies is an excellent way to build wealth. So, if you want to buy or sell crypto assets, you should look for a top crypto exchange in Australia. Here are things to expect from the top Australian crypto exchange.
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Supports Popular Cryptocurrencies :
As per recent data, there are more than 2000 cryptocurrencies in circulation. Generally, crypto traders are only interested in top cryptocurrencies in circulation like Bitcoin, Ethereum, Tether, Binance coin, Cardano, Solano, XRP, and more.
As per the Independent Reserve’s Cryptocurrency Index, around 28.8% of Australians have invested in crypto assets. Some top platforms like Swyftx Australia allow Australians to invest in more than 300 cryptocurrencies. The more cryptocurrencies the exchange supports, the more diverse the crypto assets portfolio you will have.
Supports AUD Deposits and Withdrawals :
When investing in crypto assets, you have to use traditional currencies to buy them. The exchange should support AUD deposits that will make crypto purchases easy. All you have to do is transfer your money to a crypto exchange account and buy cryptocurrencies—no hassle of converting currencies.
Similarly, if the exchange supports AUD withdrawals, you can withdraw your earnings/profits in AUD dollars and use the profits the way you want.
Demo Mode :
Crypto trading comes with risks, and there is always the risk of losing money. However, as per a recent report, around 89% of Australian crypto investors have mentioned they made money or were broken down in crypto trading. There is a vast difference between trading stocks and crypto trading.
“Practice makes a man perfect”, and you should invest time to learn crypto trading. Swyftx Australia offers a demo mode that allows you to understand and practice crypto trading without exposing yourself to crypto trading risks.
Recurring Orders :
Diversifying your investment in crypto assets helps lower risks. Top crypto exchanges allow you to automate your crypto investments. Users can define how they want to split their investment into different crypto assets. As per recent market data, the price of bitcoin is around 62,794.82AUD, while the cost of Ethereum is around 4,439.19AUD.
Top crypto exchanges allow you to set up recurring deposits to your crypto trading account and split your investments in your desired range of crypto assets. It means you don’t have to transfer money from your bank account to a crypto exchange account every month for crypto trading.
Portfolio Tracking :
When you invest in any assets, you might want to know the performance of your investments. Top crypto exchanges have features like portfolio tracking that allow you to view your investment performance in real-time. As a result, you can know whether you are making profits or losses and whether you need to change your investment strategies.
Secure Account :
Cryptocurrencies are expensive, and you will be investing a significant amount of your savings in crypto assets. But unfortunately, Crypto exchanges websites also fall prey to cyber-attacks. As per recent news, a crypto exchange lost $150 million to hackers in Dec 2021.
Security is an important aspect of any crypto trading account. Top crypto exchanges offer security features like multi-factor authentication and biometric logins to prevent unauthorized access to your crypto exchange accounts and keep your crypto investment safe from hackers.
To sum up, these are some of the things you expect from the top crypto exchange in Australia.
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