Andrew Munro is the cryptocurrency editor at Finder. He was initially writing about insurance, when he accidentally fell in love with digital currency and distributed ledger technology (aka “the blockchain”). Andrew has a Bachelor of Arts from the University of New South Wales, and has written guides about everything from industrial pigments to cosmetic surgery.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
The fees below are accurate as of 15 October 2019.
Platform trading fees
There is a 0.22% trading fee for all crypto-to-crypto pairs, while the fees in the table below apply to AUD-to-crypto trading pairs.
Trading Fee %
30 Day AUD Volume
$0.01 - $500
$500.01 - $1,000
$1,000.01 - $3,000
$3,000.01 - $9,000
$9,000.01 - $18,000
$18,000.01 - $40,000
$40,000.01 - $60,000
$60,000.01 - $70,000
$70,000.01 - $80,000
$80,000.01 - $90,000
$90,000.01 - $115,000
$115,000.01 - $125,000
$125,000.01 - $200,000
$200,000.01 - $400,000
$400,000.01 - $650,000
$650,000.01 - $850,000
$850,000.01 - $1,000,000
$1,000,000.01 - $3,000,000
$3,000,000.01 - $5,000,000
Deposit and withdrawal fees
You can make AUD deposits with Osko and BPAY or with cryptocurrency deposits. BTC Markets does not charge any deposit fees.
Basic Attention Token
Australian bank transfer
How fast will my funds be available?
BPAY deposits are generally processed on the same day.
Osko deposits are typically processed within a minute.
NPP withdrawals are typically processed within a minute.
Direct entry withdrawals are generally processed within 1-3 business days.
Is BTC Markets safe to use?
Regulation. BTC Markets was the first exchange to be Gold Certified by Blockchain Australia. BTC Markets is registered as a Digital Currency Exchange with AUSTRAC.
Verification process. BTC Markets requires users to get verified for depositing, withdrawing or trading with AUD.
Security features. BTC Markets recommends that you withdraw and personally hold any funds you're not using for trading. It was established in 2013 and has not been known to have ever experienced a major hack.
How do I create an account at BTC Markets?
Create an account by clicking "create account" in the top right of the page.
You will be taken to a page to enter your email address and to choose a password.
Your specified email address will receive an email with instructions on how to activate your account. Follow the steps to verify your email address.
To get verified, you will need to go to your account settings and choose verification. You will be required to provide information such as your name and address to BTC Markets.
As a final step, BTC Markets may post a physical letter that will contain a verification code to the address you have entered.
The final step in verification is to go to the "complete verification" BTC Markets page and enter the verification code you have received in the mail.
You will need to verify your identity before you can start trading with AUD.
Make a deposit of cryptocurrency, or AUD via Osko or BPAY, to fund your account. Then you can start trading.
With the exception of specific approved overseas users, BTC Markets is not intended to be used by people outside Australia.
There is no BTC Markets app, but the website is mobile-friendly.
The verification process for BTC Markets involves providing information such as your name and address to BTC Markets.
The final stage of verification may involve BTC Markets sending you a physical letter with a verification code to be entered on the "complete verification" screen on BTC Markets.
You can browse the help section for answers to your questions or contact the BTC Markets customer service team through the help section.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
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