CoinSpot is one of Australia’s leading exchanges with the largest selection of blockchain assets of any Australian exchange
Cryptocurrency exchanges are online platforms where you can exchange one cryptocurrency for another cryptocurrency or buy cryptocurrency of your choice. Cryptocurrency exchanges work in a manner similar to banks. Communication with the Cryptcurrency exchanges is commonly done using a standard web browser, over a secure SSL connection (https).
1. Traditional Cryptocurrency Exchanges: These are the exchanges that are like the traditional stock exchanges where buyers and sellers trade based on the current market price of cryptocurrencies (with the exchange playing the middle-man). These type of trading platforms generally take a fee from each transaction. Some of these exchange types also allow users to convert fiat currency like the AU dollar into cryptocurrency like Bitcoin, Ethereum, Ripple, DAsh and other at the market price. Coinspot is an example of this type of exchange.
2. Direct Trading Exchanges: These platforms offer direct peer-to-peer trading between buyers and sellers. Direct trading exchanges don’t use a fixed market price. Sellers set their own exchange rate.
3. Cryptocurrency Brokers: These are website-based exchanges that are like the currency exchange at an airport. They allow customers to buy and sell cryptocurrencies at a price set by the broker (generally at the market price plus a small premium). Coinbase is an example of this type of exchange.
4. Cryptocurrency Funds: Funds are pools of professionally managed cryptocurrency assets which allows public buy and hold cryptocurrency via the fund.
Full list of Australian bitcoin and other alt coin exchanges which trade in Australian Dollars (AUD)
IR is a Sydney based digital Currency exchange, providing a secure and trustworthy place for customers to buy and sell Bitcoin and Ethereum
Coinjar is a Melbourne-founded startup that allows Australians to trade, store, spend and receive bitcoin and are trustworthy
Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies
LocalBitcoins is the largest peer-to-peer service which helps to match Bitcoin buyers and sellers who live close to each other
Cointree is an investment driver designed to allow individual retail investors grow their individual wealth by leveraging the power of cryptocurrencies