Investor Centre should look for a cryptocurrency exchange that is highly rated and has been in operation for at least a few years. They should also be able to provide an unblemished record of safeguarding user funds. A key indicator is an exchange that is transparent about its operations, openly sharing details of its leadership team, security protocols and how customer assets are managed. This includes a policy of segregating customer assets from operational accounts and cold storage of assets when they are not being used for trading purposes.
A good crypto exchange should also offer advanced transaction types, like margin trading and hedging, as well as a mobile app with an intuitive user interface designed for novice and experienced traders alike. They should offer convenient deposit and withdrawal options, including AUD deposits via PayID and direct deposits for free. They should also allow users to trade cryptocurrencies automatically through social or copy trading, which allows them to automatically follow the trades of others with little to no manual intervention.
Safe Crypto Exchanges for Australian Investors: Protect Your Assets
Ideally, investors should use an Australian-based crypto exchange, which complies with local regulations and has staff working in the same timezone. This can help with speedy resolution of any issues or concerns that may arise, as well as providing the most relevant AUD deposit and trading methods. It should also support two-factor authentication (2FA) as a minimum.
A notable example is CoinJar, which has an excellent average customer rating on Trustpilot and a popular iOS and Android crypto-based wallet with built-in features for buying and selling digital assets. It also supports a wide range of cryptocurrencies, offers a prepaid card for spending crypto and enables users to build their portfolios through their unique ‘crypto bundles’. It requires KYC verification, including identity documents and a selfie, but also offers easy mobile or web-based account opening.