Bitcoin is the world's largest and most popular  cryptocurrency with a market capitalisation of   over US$ 800 billion. This digital token  can be purchased as a long-term investment   or make payments for certain goods and services. This video will tell you how to purchase  Bitcoin in Australia and the three top  crypto exchanges for trading Bitcoin. What are the various ways of  purchasing Bitcoin in Australia? Here are several ways to  purchase Bitcoin in Australia. Bitcoin ATM In Australia, Bitcoin can be purchased  using a Bitcoin ATM. If you want to  Purchase Bitcoin using cash, this may be a  suitable option. However, Bitcoin ATMs are   a costly source to obtain the digital coin  as they charge between 5% and 20% as fees,   which is over 10 times higher than the  fee charged by online crypto exchanges. Bitcoin ExchangeThe most convenient way to purchase  Bitcoin in Australia is through a   Bitcoin exchange. You can open an account  online and purchase Bitcoin in only a few   minutes. These exchanges store Bitcoin and other  cryptocurrencies on behalf of their clients. Bitcoin exchanges also have some of the lowest  fees for purchasing Bitcoin in Australia.  You could spend as little as 0.75% in  exchange fees on a platform like eToro. Newsagents One can also purchase Bitcoin over the  counter from newsagents in Australia.   Here, you can make payments either in  cash or using cards (both credit and debit  Cards). There are over 1,200 participating  newsagents in Australia who deal in Bitcoin.   However, the fee charged by newsagents is  very high; they normally charge around 5%,   much higher than the fee charged  by online crypto exchanges. Now let's talk about Australia's  most well-known crypto exchanges? eToroAccording to eToro, it is the world's  most popular social trading platform   for Bitcoin. On eToro, you can open a free  account. There are no management or ticketing   fees and no added broker fees. For trading  in Bitcoin, eToro charges a spread of 0.75%.  Once you buy Bitcoin on eToro, it will  be transferred to your digital wallet. Due to its ease of use, minimal fee structure   and rapid account set-up processes, eToro  is a preferred medium to trade in Bitcoin. eToro is specifically useful for  novice traders because of its  CopyTrader functionality that allows users  to imitate the strategies of expert traders,   increasing their chances of making  profits while reducing risks. Coinbase Founded in 2012 by Brian Armstrong, Coinbase is  an online exchange to deal in cryptocurrencies.   It also specialises in providing  storage facilities for cryptocurrencies.   The FCA regulates its E-Money Services.Through Coinbase, you can access over 100  cryptocurrencies and can trade in over   80 crypto-to-crypto pairs. Making transactions  on Coinbase is affordable as well; you require   a minimum deposit of US$2 (AU$2.7), and the  commission charged by the exchange varies   between 0.5% and 4.5% per trade, depending  on the cryptocurrency you want to trade. BinanceBinance is another crypto exchange that can  be considered for trading in Bitcoin as it   is the world's biggest crypto exchange  in terms of trade volume and speed. A wide range of cryptocurrencies and low trading  fees are two of its biggest advantages. If you  Trade in crypto-to-crypto pairs, you have to pay  a flat trading fee of 0.1%. You can reduce trading   fees further by using its native cryptocurrency,  Binance Coin (BNB), for paying trading fees. There are different trading fee tiers,  with lower fees for users who hold enough   BNB coins and maintain certain  monthly trading volumes.

Cryptocurrencies are volatile, but still,  they remain a very popular investment.   Even in 2021, a few cryptos like Axie Infinity’s  AXS and Solana’s SOL gave over 10,000 per   cent returns. So to trade in these assets, you’ll  need to use a trading platform or exchange.  And for Canadian investors, there are quite a few  to choose from. Some platforms are Canada-based,   while others are global crypto exchanges.  Let’s take a look at some of the best ones.   But first, thanks for tuning in,  I’m Holly Shields for Kalkine Media. 1. Coinbase Coinbase sits at the top of  the list for many reasons.First of all, it has international operations.  Listed on NASDAQ under the ticker COIN,   Coinbase is a leading player in the space, and  it’s Canadian arm is an easy-to-use exchange.   Second, it has the Coinbase Pro platform  for advanced trading in cryptos.You can use debit or credit cards to make  purchases on the platform, and CAD is supported,   which means you can stake cryptos to  earn revenue without selling the holding. 2. Binance Binance is the closest competitor to Coinbase’s  global hegemony. It claims to be the biggest  Player in terms of trading volume and it  also allows access to cryptocurrency loans. Binance Canada offers more choices  to crypto enthusiasts currently.   The platform enables staking on top of simple  sale and purchase. The platform is owned by a  Company that also has its own blockchain by  the name BSC, besides a native BNB token. 3. Bitbuy A Canada-based exchange, Bitbuy is quite  popular. The official website states that   users can trade in 15 popular crypto assets  including Bitcoin, Ether and Dogecoin.The benefit of using Bitbuy is that it’s  dedicated to Canadian crypto enthusiasts.   The platform has a website  and a smartphone application.   A bank account can be linked to the account  to transfer and withdraw in CAD currency. The only limitation is that Bitbuy has  yet to support some very popular cryptos  Like Axie Infinity. XRP crypto was  recently delisted by the platform.   That said, Bitbuy allows trade in popular  blockchains like Cardano and Solana. And that concludes our list.  Now that you're up to speed,   check out some of our other videos to stay up  to date. I’m Holly Shields for Kalkine Media.