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BTC Markets review

- Regulator registration
- AUSTRAC
- Supported assets
- 36
- Fiat currencies
- 1
Summary
Buy and sell 30+ popular cryptocurrencies on this Australian exchange.
BTC Markets is based in Melbourne and has been in operation since 2013, making it one of the oldest cryptocurrency exchanges in Australia.
Pros
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Popular coin selection. You'll find a range of popular cryptocurrencies on BTC Markets.
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Useful features. BTC Markets offers a full-featured trading experience with useful functions such as stop losses.
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API trading available. BTC Markets is one of the few places you can use automated API trading for AUD-to-crypto pairs.
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Liquidity. Strong Liquidity in BTC and XRP markets.
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Complies with the Australian Transaction Reports and Analysis Centre regulations in Australia. AUSTRAC is the peak body for regulating cryptocurrency exchanges in Australia which requires BTC Markets to comply with laws and regulations that are intended to provide certain protections for users.
Cons
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Uncompetitive fees. BTC Markets' fees are high compared to some equivalent exchanges, even with the maximum possible fee discount.
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Limited liquidity on some pairs. Not all available trading pairs are active.
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Withdrawal fees vary. The fee structure for cryptocurrency withdrawals can vary wildly between coins depending on the market price at the time.
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Only 36 cryptocurrencies supported. BTC Markets supports a smaller variety of assets than some of its competitors. This isn't necessarily a bad thing, but if you're looking for a large range of altcoins you may want to compare other platforms.
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No live chat or phone-based customer support. BTC Markets does not have a live customer support service. Instead you will need to consult the FAQ or contact BTC Markets via email, which may take several days to receive a reply.
In this guide
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- Details
- Product details
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Details
Product details
Product Name | BTC Markets |
Fiat Currencies | AUD |
Cryptocurrencies | BTC, ETH, USDT, XRP, SOL, USDC, ADA, LINK, LTC, AVAX & 26 more |
Deposit Methods |
Bank transfer Credit card Cryptocurrency Debit card Osko PayID |
Trading Fee |
Maker: -0.05% Taker: 0.20% |
Deposit Fees | Debit/credit card: 2% |
Withdrawal Fees | Cryptocurrencies: Fees vary |
What do Australians think of BTC markets cryptocurrency trading platform?
- 3.88/5 overall for Customer Satisfaction - lower than the average of 3.89
- 4.05/5 for Trust - lower than the average of 4.2
- 3.67/5 for Customer Service - lower than the average of 3.78
Based on BTC markets cryptocurrency trading platform scores in Finder's 2024 Customer Satisfaction Awards.
What fiat and cryptocurrencies are supported?
- Supported fiat currencies: AUD
- Supported cryptocurrencies: Approximately 36 cryptocurrencies
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Supported cryptocurrencies include:
- BTC
- ETH
- XRP
- BCH
- LTC
- ADA
- XLM
- USDT
- ETC
- OMG
- GNT
- BAT
- LINK
- POWR
- MANA
- ENJ
- DOT
- IMX
- UNI
- USDC
- BSV
- ALGO
- HBAR
- COMP
- SOL
- AVAX
- SAND
- AAVE
- NEAR
- AXS
- MCAU
- PENDLE
- FLR
- SUI
- ONDO
- RENDER
Which payment methods are accepted?
- Bank transfer
- Credit card
- Cryptocurrency
- Debit card
- Osko
- PayID
What's it like to use BTC Markets?

1. Available cryptocurrencies
Browse the available cryptocurrencies from the home page.

2. Order books
Find everything you need to start trading in one place.

3. Logging in
Get started by creating an account and a login.

4. Help section
If you need assistance, find the answers you need in the BTC Markets help section.
Fees and limits
The fees below are accurate as of February 2025.
Platform trading fees
There is a flat-rate trading fee for all BTC pairs, with maker fees of -0.05% & and taker fees of 0.2%.
The fees in the table below apply to AUD-to-crypto trading pairs and are based on a 30-day rolling average of trade volume.
Trading Fee % | 30 Day AUD Volume |
---|---|
0.85% | $0.01 - $500 |
0.83% | $500.01 - $1,000 |
0.80% | $1,000.01 - $3,000 |
0.75% | $3,000.01 - $9,000 |
0.70% | $9,000.01 - $18,000 |
0.65% | $18,000.01 - $40,000 |
0.60% | $40,000.01 - $60,000 |
0.55% | $60,000.01 - $70,000 |
0.50% | $70,000.01 - $80,000 |
0.45% | $80,000.01 - $90,000 |
0.40% | $90,000.01 - $115,000 |
0.35% | $115,000.01 - $125,000 |
0.30% | $125,000.01 - $200,000 |
0.25% | $200,000.01 - $400,000 |
0.23% | $400,000.01 - $650,000 |
0.20% | $650,000.01 - $850,000 |
0.18% | $850,000.01 - $1,000,000 |
0.15% | $1,000,000.01 - $3,000,000 |
0.13% | $3,000,000.01 - $5,000,000 |
0.10% | > $5,000,000 |
Deposit and withdrawal fees
Deposit fees
You can make AUD deposits for free via bank transfer including Osko and BPAY. Cryptocurrency deposits are also free, but you will be charged standard network fees.
Withdrawal fees
Withdrawal fees vary based on the cryptocurrency selected.
Payment method | Fees |
---|---|
Bitcoin | 0.0002 BTC |
Litecoin | 0.001 LTC |
Ethereum | 0.005 ETH |
Ethereum Classic | 0.001 ETC |
Bitcoin Cash | 0.0001 BCH |
Ripple | 0.01 XRP |
OmiseGO | 3 OMG |
Bitcoin SV | 0.0001 BSV |
Power Ledger | 22 POWR |
Golem | 25 GNT |
Stellar | 0.01 XLM |
Basic Attention Token | 9 BAT |
Enjin Coin | 6 ENJ |
Chainlink | 0.7 LINK |
Compound | 0.1 COMP |
Algorand | 0.01 ALGO |
Meld Gold | 0.0003 MCAU |
Tether | 10 USDT |
Australian bank transfer | Free |
How fast will my funds be available?
Deposits
Almost instant
BPAY deposits are generally processed on the same day.
Osko deposits are typically processed within a minute.
Withdrawals
1-3 days
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?
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Create an account by clicking "create account" in the top right of the page.
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You will be taken to a page to enter your email address and to choose a password.
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Your specified email address will receive an email with instructions on how to activate your account. Follow the steps to verify your email address.
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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.
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Make a deposit of cryptocurrency, or AUD via Osko or BPAY, to fund your account. Then you can start trading.
BTC Markets alternatives
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How we picked theseFrequently asked questions
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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.
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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.
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You can browse the help section for answers to your questions or contact the BTC Markets customer service team through the help section.
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Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.

Andrew Finder
Editor
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Joanne Finder
December 19, 2017
Hi Margaret,
Thanks for reaching out.
Our beginner’s guide to Bitcoins will outline what you need to know about bitcoins. They will discuss Bitcoin’s history, how it works, where you can use it among others.
Reading through the guide will not only save you a few headaches in the long run, but it will give you a greater appreciation of what’s going on behind the scenes.
Cheers,
Joanne
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Andrew Munro was the global cryptocurrency editor at Finder. During his time he covered all aspects of cryptocurrency and the blockchain. Before he became cryptocurrency editor, he was a content writer for Finder covering various topics over his nearly 5 years in the role. Prior to joining Finder he was a web copywriter. Andrew has a Bachelor of Arts from the University of New South Wales. See full profile
Margaret
December 18, 2017
Want to buy bitcoin don’t know how to go about it not good with a computer would like to discuss this with a experience and knowledge on how to trade thank you Margaret