As a long-time crypto aficionado, I constantly keep up with the latest and greatest crypto exchanges coming out every day, always looking for the lowest fees and best features. I’m confident these recommendations are currently the best exchanges available in Australia.
Overall, our top pick for the best Decentralized Exchange (DEX) is the Uniswap. It supports over 390 ERC-20 tokens and cryptocurrencies, 10 fiat currencies, and it offers a staking platform and collateralized flash loans – while maintaining low fees for buyers and sellers.
What To Look For In The Best Decentralized Crypto Exchanges In Australia
There are many important factors to consider when you’re looking for the best decentralized exchanges to use in Australia. Some of these factors include:
Supported coins: There are tens of thousands of cryptocurrencies in existence, but cryptocurrency exchanges will only support a fraction of these coins. With that in mind, the more supported crypto coins an exchange offers, the better.
Data Analysis: Bots are designed to scan raw market data from various sources – before you make a choice make sure the bot has diverse sources of information to interpret, so it makes the best decision. Choosing a bot that allows users to customize data sources might be beneficial.
Risk Prediction: One of the most important features of trading bots: is risk prediction. The bot you choose has to be able to accurately estimate the risk of an investment, and this is closely tied to the data analysis and the data that is being fed to the bot.
Buying/selling crypto assets: Crypto trading bots rely on API keys to execute buy or sell orders on your behalf. This makes buying and selling assets very easy for the bot – but keep in mind that It’s important to keep your API key secure.
Customer support: Last but not least, make sure to check out the customer support options that are available at an exchange. If you have questions or need help with something, can they get back to you quickly? Is there a live chat feature where you can ask your question immediately and receive answers in real-time?
Decentralized Crypto Exchanges In Australia FAQs
Is It Legal To Buy And Trade Crypto In Australia?
Yes, cryptocurrency is legal in Australia, and you can buy, sell and use crypto without breaking the law. However, cryptocurrency is not currently considered legal tender in Australia, and the Australian government shows no indication of accepting it as such any time soon.
Is Crypto Trading Taxable In Australia?
Yes. Even though the Australian Tax Office (ATO) doesn’t consider crypto as money, it is regarded as property, a CGT asset for all tax purposes. When a capital gain or loss is realized from cryptocurrency, the market value of the asset, in AUD, is used to calculate the tax.
Are Crypto Exchanges Regulated In Australia?
Yes, Australian crypto exchanges are regulated, as are all digital currencies and cryptocurrencies in the country. The sale of crypto assets is regulated by Australia’s Financial Services Regulatory Regime.
As a long-time crypto aficionado, I constantly keep up with the latest and greatest crypto exchanges coming out every day, always looking for the lowest fees and best features. I’m confident these recommendations are currently the best available in Australia.