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Bitcoin exchanges in Australia

Bitcoin has definitely moved away from early dark reputation, and moves steadily towards formal legalization. New York’s “Bit License” was introduced in August 2015, and Japan passed a law requiring digital currency operators to register with the Financial Services Agency (FSA) in mid-2016.
 
As Australia has a rather proactive approach to digital currencies and crypto-exchanges, it is also following suit. In August 2017, the Australian Parliament proposed to bring in strict regulation over crypto-exchanges to counter terrorism and money laundering. The drafted amendments to the Anti-Money Laundering and Counter-Terrorism Financing Law include a requirement for cryptocurrency exchanges to register through the Australian Transaction and Reports Analysis Centre (AUSTRAC). The registration process is expected to take at least 90 days and the register of regulated exchanges will be kept and maintained by AUSTRAC. 
 
What is more, the new law envisages tough penalties for unregistered digital currency exchange service providers operating in Australia, which include fines (a minimum of $50 000 AUD) and even imprisonment of up to 2 years. Penalties for repeated offenders are even harsher. 
 
Currently, some of the most prominent Australian cryptocurrency exchanges are CoinSpot, CoinTree and BTCMarkets.
 
If you prefer leveraged trading in cryptocurrencies, you can open an account with some forex broker, regulated by the Australian Securities and Investment Commission (ASIC), who offers crypto-trading. A decent choice would be major brokerages IG Group, XM or easyMarkets with which you can trade in Bitcoin, Ethereum and Bitcoin Cash with up to 1:10 leverage.
Forex

Bitcoin exchanges in Australia

Broker Country Regulation Leverage Deposit Fees Review
Australia N/A 1:1 POLi: free, BPAY: 2% Review
Australia N/A 1:1 no fee Review
Australia AUSTRAC 1:1 $3 to $50 Review
Australia N/A 1:1 1% Review
Australia N/A 1:1 3% Review
Australia N/A 1:1 5% Review
Australia N/A 1:1 3% Review
Australia N/A 1:1 POLi: $3.30 Review
Australia None 1:1 0% Review
Australia N/A 1:1 Uses external wallets Review
Australia None 1:1 Varies Review
Australia N/A 1:1 Review
Australia N/A 1:1 Unspecified Review
Forex
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