Summary: The cheapest exchange to start buying Ethereum in Australia is CoinSpot. Their platform boasts the largest user based with over 1 million customers in Australia, and have the lowest fees to buy ETH at 0.1% for a market order.
Yes, the Australian Taxation Office (ATO) has issued very clear guidelines around taxation of crypto assets like Ethereum. Ether, the native currency of Ethereum, is treated like an investment in stocks such as Tesla or Apple for tax purposed.
For new investors looking to buy Ethereum in Australia, you will need to firstly sign up to a trusted cryptocurrency exchange that allows you to buy the ETH asset.
With over 250 different crypto exchanges that enable you to buy Ethereum in Australia, the guide below helps you breakdown which exchange best suits your needs.
The list below provides a high-level overview of all of the top ETH exchanges in the country. Quickly compare platforms to find which best suits your investing needs.
CoinSpot is widely regarded as the most user friendly exchange for newbies in Australia to get started with Ethereum and cryptocurrency.
They offer over 120+ different cryptocurrencies and altcoins on an easy to use platform with an instant buy feature. Although it may not be the most cost effective option for savvy users to buy Etheruem in terms of fee's as their instant buy option for ETH is usually around 1%.
Independent Reserve is Australia's longest running and most trusted cryptocurrency and Ethereum exchange.
Their easy to use platform enables users to instantly buy Ethereum with low fees using AUD, NZD or USD. Independent Reserve have the best fee structure in Australia starting at 0.05% up to 0.5%.
SwyftX are a cryptocurrency exchange based in Brisbane, Australia who offer low fee investing and trading for Bitcoin, Ethereum and other DeFi coins. Their platform is extremely easy to use and is available on Web, iOS and Android.
Their exchange offers a suite of products including instant buy, market order, limit orders, automatic dollar cost averaging and much more.
FTX is one of the best exchanges in Australia to buy Ethereum through spot (normal) investing, or with leverage of up to 100X. FTX is a trusted and globally recognised exchange that enables instant AUD deposits for Australians to buy ETH and over 100 different cryptocurrencies.
Digital Surge is a leading digital asset exchange in Australia that enables easy onboarding and low fee trading for Ethereum and over 100 other cryptocurrencies.
Their platform offers a uniquely user-friendly experience with one of the cleanest dashboards and trading user-interfaces around the world.
Gemini is one of the most well-known exchanges in the world that was founded by the popular Winkelvoss twins. Based in New York, they are one of the safest and most well regulated exchanges around the world. Their platform offers customers in Australia an easy way to buy Ethereum and earn interest on their holdings through Gemini Earn.
One downside for Australian residents is that verification and deposit times can be slow. This is where we would recommend a local exchange like CoinSpot for fast onboarding and deposits.
Coinbase is a world renown cryptocurrency exchange that allows you to buy Ethereum in Australia with a debit card or credit card. Their instant payment method with debit cards and credit cards make them one of the easiest and fastest ways to buy ETH in Australia.
It is important to note that their fees for instant purchases are extremely high, starting at 3.99% per transaction when you buy Bitcoin in Australia and other cryptocurrencies.
Cointree is an Australian run and regulated digital asset exchange that allows you to buy Ethereum and over 100 different cryptocurrencies.
Their platform boasts over 80,000 users since being founded in early 2013. They offer an easy to use platform, a wide variety of crypto's, great on-boarding for SMSFs and much more.
Coinstash is a relatively new cryptocurrency exchange in Australia that allows users to buy Ethereum (ETH) on their platform.
Based in Brisbane, Australia - Coinstash is a rapidly growing exchange in the space that has a clean and easy to use UI for both new and seasoned investors in the space to get onboarded with the top cryptocurrencies.
Founded in 2014, Zebpay serves over 3 million customers worldwide and has enabled $3 billion dollars in Ethereum and cryptocurrency trading.
Their platform is open to users in Australia to buy ETH. They are one of the few exchanges to offer an easy to use web and iOS/Android application.
BTCmarkets is a leading order book exchange based in Melbourne, Australia that allows users to buy Ethereum as well as 20 other cryptocurrencies.
They are one of the longest running exchanges in the country and are well known for their deep liquidity for large Ethereum buys and low fees.
Coinjar is a cryptocurrency exchange based in Melbourne Australia that offers a simple way to buy Ethereum through both their web and mobile applications. Their easy to use platform provides generous daily limits for deposits and withdrawals, as well as no deposit fees for users who are looking to purchase Ethereum with BPAY or PayID.
They are one of the few cryptocurrency exchanges in Australia that have developed a native Android and iOS app - which is one of the simplest ways to buy ETH in the country.
Easy Crypto Australia is a retail friendly shop front exchange that enables users to buy Ethereum, Bitcoin and over 40 other cryptocurrencies within minutes.
They offer an easy to use point and click interface, alongside managed wallets for you to hold your crypto all in one platform.
Ethereum is a cryptocurrency that was the brainchild of Vitalik Buterin which serves as a decentralised computing platform to enable developers to build dApps or decentralised applications. They do this by leveraging smart contracts, which is a functionality native to Ethereum and their coding language solidity. The token of Ethereum is ETH and it serves as the currency for the platform and will soon be used to stake on the platform for people to accrue fees from transactions on the network.
Yes you can buy Ethereum shares as an Australian resident. Read our complete guide on how to buy Ethereum with CommSec to learn more.
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