In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.
🥇 Best rated brand

BTC Markets review

  • Avatar
BTC Markets
4.2
★★★★★
Regulator registration
AUSTRAC
Supported assets
34
Fiat currencies
1
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

Summary

Buy and sell 10+ popular cryptocurrencies on this Australian exchange.

Gold Finder Awards Badge
Finder Awards winner
Customer Satisfaction Award

BTC Markets has been in operation without incident since 2013. This makes it one of the oldest cryptocurrency exchanges in Australia. It's based in Melbourne.

  • Good for active trading with AUD-to-crypto pairs
  • Not so great for trading fees at lower volumes

Pros

  • Popular coin selection. You'll find a range of popular cryptocurrencies on BTC Markets.
  • Useful features. BTC Markets offers a full-featured trading experience with useful functions such as stop losses.
  • API trading available. BTC Markets is one of the few places you can use automated API trading for AUD-to-crypto pairs.
  • Liquidity. Strong Liquidity in BTC and XRP markets.
  • 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

  • Uncompetitive fees. BTC Markets' fees are high compared to some equivalent exchanges, even with the maximum possible fee discount.
  • Limited liquidity on some pairs. Not all available trading pairs are active.
  • Withdrawal fees vary. The fee structure for cryptocurrency withdrawals can vary wildly between coins depending on the market price at the time.
  • Only 33 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.
  • 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

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question

Details

Product details

Product Name BTC Markets
Fiat Currencies AUD
Cryptocurrencies BTC, ETH, XRP, BCH, LTC, XLM, USDT, OMG, ETC, UNI & 24 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 fiat and cryptocurrencies are supported?

  • Supported fiat currencies: AUD
  • Supported cryptocurrencies: Approximately 34 cryptocurrencies

Which payment methods are accepted?

  • Bank transfer
  • Credit card
  • Cryptocurrency
  • Debit card
  • Osko
  • PayID

What's it like to use BTC Markets?

Fees and limits

The fees below are accurate as of 16 December 2020.

Platform trading fees

There is a flat-rate trading fee for all crypto-to-crypto pairs, maker -0.05% & taker 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 methodFees
Bitcoin0.0003 BTC
Litecoin0.001 LTC
Ethereum0.005 ETH
Ethereum Classic0.001 ETC
Bitcoin Cash0.0001 BCH
Ripple0.01 XRP
OmiseGO2 OMG
Bitcoin SV0.0001 BSV
Power Ledger54 POWR
Golem55 GNT
Stellar0.01 XLM
Basic Attention Token20 BAT
Enjin Coin28 ENJ
Chainlink0.6 LINK
Compound0.035 COMP
Algorand0.003 ALGO
Meld Gold0.0003 MCAU
Tether3 USDT
Australian bank transferFree

How fast will my funds be available?

Deposits

Clock icon for transfer speed

Almost instant

BPAY deposits are generally processed on the same day.

Osko deposits are typically processed within a minute.

Withdrawals

Clock icon for transfer speed

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?

Back to top

BTC Markets alternatives

1 - 3 of 27
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Finder AwardExclusive
EXCLUSIVE
Coinstash
Bank transfer, Cryptocurrency, Osko, PayID

1

845

Finder exclusive: Get up to $200 BTC when you sign up and trade certain amounts. T&Cs apply.
Go to site

Capital at risk

View details
Exclusive
EXCLUSIVE
CoinSpot
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

1

459

Get $20 in BTC when you make a deposit. T&Cs apply.
Go to site

Capital at risk

View details
OFFER
OKX
Bank transfer, Credit card, Cryptocurrency, Debit card

1

87

Earn up to AUD$50 in USDT when you deposit and trade. T&Cs apply.
Go to site

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
loading

Frequently asked questions

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.

Ask a question

Ask a question
Avatar

Andrew Finder

Editor

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Avatar

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


Avatar

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


Show more Show less
Go to site