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BTC Markets

AUSTRAC RegisteredAU Order BookAU Native · Est 2013

Trade on BTC Markets ↗

One of Australia's longest-running exchanges: a Melbourne-based AUD order book that has traded through every cycle since 2013 with a quiet, institutional bent.

Headquarters

Melbourne

Founded

2013

AUSTRAC

Registered - BTC Markets Pty Ltd, ABN 45 164 093 887VASP register, checked 25 Jul 2026

AU Entity

BTC Markets Pty Ltd

AUD Deposits

PayID · Osko

Model

Order book

Assets

30+

Coindaily Score

80 /100

Regulatory standing in Australia

BTC Markets has run continuously from Melbourne since 2013 and is AUSTRAC-registered, making it one of the most weathered names in the local market - it has operated through every boom, bust and banking squeeze the Australian industry has seen.

It positions toward institutions and self-managed super funds as much as retail, with corporate accounts, OTC settlement and local operations staff. Its regulatory record is notably quiet: no public enforcement actions of significance across more than a decade.

Like all Australian spot venues it operates under AUSTRAC registration rather than an ASIC licence; its longevity and clean record are the trust signals here.

Costs in practice

Maker

0.85%

Taker

0.85%

Typical Spread

0.20%

Effective Cost

~1.05%

Order-book venue: effective cost ≈ taker fee + spread. Figures match the Coindaily exchanges table and are modelled; check the live schedule before trading.

btcmarkets.net

BTC Markets homepage

Homepage as served to Australian visitors · captured Jun 2026

Local offerings & AUD rails

AUD rails: PayID and Osko with fast local settlement
Genuine AUD order books on ~30 majors
Corporate, institutional and SMSF account support with local staff
OTC desk for large orders
Fee tiers fall steeply with volume from the 0.85% headline

Where it wins

Twelve-plus years of continuous, incident-free AU operation
Real order book and local institutional support
Clean regulatory record

Where it costs you

0.85% retail headline fee is the highest of the local books
~30 assets only
Books are thinner than global venues - size orders accordingly

Trading fee from

0.85% at the entry tier, falling to 0.10% above $5m rolling 30-day volume

https://www.btcmarkets.net/fees

AUD deposit

Free and instant via PayID/Osko, free via BSB bank transfer, card carries an undisclosed fee

https://www.btcmarkets.net/fees

SMSF accounts

Yes - designated SMSF accounts, plus company and family trust

https://www.btcmarkets.net/smsf-bitcoin-investment

What it costs

Trading fees, subscriptions, deposits and withdrawals

Exchange trading fee, AUD and USDT pairsA single percentage applied to both sides of the trade. There is no maker discount on AUD pairs - the same rate is charged whether you add or remove liquidity.

0.85% entry tierAll fees include GST for Australian residents

Volume tier scheduleTwenty tiers based on a rolling 30-day total of AUD and USDT trading volume across all trades. Volume is recalculated hourly and the rate is locked in when the order is created.

0.85% down to 0.10%0.10% applies above $5,000,000

What it takes to beat 0.50%The stale 0.85% headline is the entry rate only, but the discount curve is slow at the retail end. You need $70,000 of 30-day volume to reach 0.50% and $200,000 to reach 0.25%.

$70,000 per 30 daysFor the 0.50% tier

BTC-quoted pairsETH-BTC, LTC-BTC and XRP-BTC use a genuine maker-taker model with a maker rebate. These trades do not count towards your AUD and USDT volume tier.

-0.05% maker / 0.20% takerThree pairs only

Simple TradeThe beginner buy/sell flow charges no trading fee. Instead a spread is built into the quoted price, and BTC Markets does not publish what that spread is.

No fee, spread insteadSpread size not disclosed

AUD deposit feePayID/Osko and direct bank transfer by BSB and account number are both listed as free on the published fee schedule.

FreePayID/Osko and bank transfer

AUD withdrawal feeWithdrawals to an Australian bank account held in your own name are free of charge, with no cap on how many you make.

Free

Crypto withdrawal feesFlat per-asset amounts rather than a percentage. Crypto deposits are free. Published examples include Bitcoin, Ethereum and the stablecoins.

0.0002 BTC, 0.005 ETH, 5 USDTFull table published per asset

Limits and the costs that hide

Spreads, deposit caps and charges that do not appear on a fee page

Simple Trade spread is unpublishedThe terms of service confirm the spread is payable to BTC Markets as compensation and varies by market conditions, asset, order size and liquidity. No indicative range is given anywhere on the site.

Not disclosedVaries per order

OTC spread is disclosedUnusually for an Australian desk, BTC Markets publishes an indicative OTC spread band. There are no separate trading fees on OTC, the spread is the whole cost.

0.75% to 1.0%Quote is inclusive of spread

Card deposit feeThe fee schedule lists AUD deposits as free, but the card deposit guide tells you to review the fee shown at checkout. The percentage is never published.

Charged, amount not publishedShown only at checkout

Card deposit minimumCard deposits have a floor as well as a daily cap. Only Australian-issued Visa and Mastercard debit or credit cards in your own name are accepted.

$30 minimum

Daily deposit limits are not publishedNew accounts start on the lowest tier unless pre-arranged with onboarding. The actual dollar amounts are only visible inside your account, and raising them needs a request that may require extra documents.

Account-specific, undisclosedDeposits over the cap are delayed

AUD withdrawal limits are not published eitherAccounts open on the default minimum withdrawal tier. A higher limit requires a support ticket and you may be asked to justify it.

Support ticket to raise

Returned crypto deposit feeIf a crypto deposit cannot be completed and has to be sent back to an external wallet, a flat charge covers the network fee and reversal processing.

AU$10 or equivalent

Interest on your AUD balanceThe terms of service require you to waive any right to interest earned on fiat sitting in your account. BTC Markets keeps whatever the bank pays on customer money.

Retained by BTC MarketsYou waive the right

What you can trade

Assets, Australian dollar pairs, staking and derivatives

Tradeable assetsCounted live from the public markets endpoint. This is a deliberately narrow list next to the 400-plus menus at CoinSpot or Swyftx.

43 assets50 markets in total

Direct AUD pairsEvery single listed asset has a native AUD order book. Nothing is routed through a stablecoin or a conversion step, which is the core reason to use this exchange.

43 of 43100% AUD coverage

Non-AUD order booksA small number of crypto-quoted and stablecoin-quoted markets sit alongside the AUD books for traders who want to rotate without touching fiat.

3 BTC-quoted, 4 USDT-quoted

Staking and earnThe staking page is explicit: BTC Markets cannot offer staking under the current Australian regulatory regime. The earlier Algorand rewards program was suspended for the same reason.

Not availableWithdrawn on regulatory grounds

Algorand rewards endedThe one earn product BTC Markets did run was shut down when Algorand moved to a governance model the exchange said it could not support in Australia.

SuspendedNo replacement yet

DerivativesThe markets endpoint returns spot order books only. There are no perpetuals, futures, margin or leveraged products anywhere in the product set.

Spot onlyNo margin or leverage

Tokenised gold and AUDAn unusual corner of the listing set. Meld Gold and Tether Gold are gold-backed tokens, and Macropod is an AUD-denominated token, all with AUD order books.

MCAU, XAUT, AUDM

Minimum order sizesSet per market in base-asset units rather than as a flat dollar floor, and they are very small. Bitcoin and the majors can be bought in tiny fractions.

Per market, fractionalFor example 0.14 ADA, 0.005 AAVE

How your assets are held

Custody, reserves, insurance and self-custody

Custody modelFully custodial. BTC Markets describes it as a managed service and holds your coins for you, while recommending you withdraw to a personal wallet after purchase.

Custodial, exchange-heldSelf-custody encouraged

Third-party custodianBTC Markets has integrated BitGo, a regulated qualified custodian, for digital asset transaction processing and wallet infrastructure.

BitGoCCSS and SOC2 accredited

Cold storageThe terms of service commit BTC Markets to moving digital assets into and out of secure storage including cold storage under internal risk policies. No hot/cold split ratio is published.

Off-site cold wallet storageRatio not disclosed

How your AUD is heldCash sits with an Australian financial institution in BTC Markets' name or a third party's name. Critically, the terms let BTC Markets choose segregated or pooled accounts at its own discretion.

Segregated or pooled, at their discretionNot a client trust account

No commingling with company fundsWhichever structure is used, the terms commit BTC Markets to keeping records identifying assets attributable to each user and to not mixing its own money with customer money.

Contractually committed

Proof of reservesThe regulation page sets out AUSTRAC registration, ADCA certification and ISO 27001, but no reserve attestation or Merkle-tree proof is published anywhere on the site.

Not publishedNo attestation found

Insurance for customersNo customer-facing insurance policy is offered. The terms disclaim liability for loss from cyberattack, unauthorised access or third-party failure except where caused by BTC Markets' own fraud or wilful misconduct.

None offeredBroad liability disclaimers

If the custodian failsWorth reading closely. Your claim is limited to a pro-rata share of whatever BTC Markets recovers from the custodian, after it first deducts its own legal, enforcement and adviser costs.

Pro-rata share of net recoveryRecovery costs deducted first

Who can open an account

Entity types onboarded in Australia

IndividualThe standard retail account, open to Australian residents aged 18 and over with a valid government-issued ID.

Yes

SMSFA designated SMSF account type, kept separate from members' personal holdings, which matters for the annual audit. This is one of the platform's genuine differentiators.

YesDesignated SMSF account

CompanyCompany accounts are onboarded, including corporate trustee structures used by self-managed super funds.

Yes

Family trustTrust accounts are explicitly listed among the supported entity types alongside individual, SMSF and company.

Yes

Joint accountsNot listed among the four supported entity types and not covered anywhere in the help centre. Treat as unavailable until BTC Markets confirms otherwise.

Not listedUnconfirmed

MinorsThe eligibility clause requires an individual to be at least 18 years of age. There is no minor or custodial account product.

No18 and over only

ResidencyAustralian residents only for standard onboarding. Non-residents must contact support and are accepted only as approved overseas users at BTC Markets' discretion.

Australian residentsOverseas by exception only

Identity verificationKYC runs through FrankieOne, with all customers screened against global sanctions and politically exposed person lists as part of AUSTRAC obligations.

FrankieOne, plus sanctions and PEP screening

Trading features

Order types, recurring buys, tooling and access

Order types on the exchangeA real trader's set for an Australian venue: market and limit plus three conditional types, all placed against a live AUD order book rather than a broker quote.

Market, limit, stop, stop limit, take profit

Trailing stopsNot among the documented order types. If you want a trailing exit you have to manage it manually or through the API.

Not offered

Stop orders are sell-onlyAn easy trap. The FAQ states stop orders are currently available only for sell orders, so you cannot use one to enter a long position on a breakout.

Sell side only

Advanced limit order controlsTime-in-force settings and a post-only flag let makers guarantee they never cross the spread, which matters on the BTC-quoted books where makers earn a rebate.

Time-in-force and post-only

Recurring buysDaily, weekly or monthly automated purchases with a chosen date, time and time zone. Available on the majority of major listed assets.

$10 minimum per buyDaily, weekly or monthly

Recurring buy ceilingThe cap is low enough to matter for anyone dollar-cost-averaging a meaningful amount. Above it you have to place orders manually or stack multiple schedules.

$1,000 maximum per buy

API accessA properly documented v3 REST API with batch order placement and client order IDs, plus WebSocket streaming and a FIX gateway. Free and public documentation.

REST v3, WebSocket and FIXFIX access is VIP Tier III

Mobile order typesThe app is a cut-down version of the web exchange. Stop and take-profit orders are web-only, so conditional exits cannot be set from your phone.

Market, limit and stop limit only

Money in and out

Minimums, methods and settlement speed

PayID and OskoThe default funding route. Free and instant from any Australian bank account that supports Osko/NPP, using the PayID payments@btcmarkets.net plus your unique reference.

Free, instantFirst payment can take 24 hours

Bank transfer by BSBA direct deposit option using an account name, BSB, account number and reference. Fast if your bank supports fast payments, otherwise it is a business-days wait.

Free, 1 to 2 business daysFaster if your bank supports NPP

Card depositsAustralian-issued Visa and Mastercard debit or credit only, in your own name. International cards, Amex, JCB, crypto cards, prepaid and gift cards are all rejected.

Usually instantFee applies, amount unpublished

Third-party payments blockedDeposits are accepted only from a bank account in your own name. Paying in from a partner's or a company's account will not be credited.

Own accounts only

AUD withdrawalsFree domestic bank transfer to an Australian account in your name. If you hold only crypto you must sell to AUD first before any cash withdrawal is possible.

FreeYour own Australian bank account

Crypto withdrawals need manual enablingA real friction point. On Complete Trading Access accounts you must lodge a support ticket naming the destination wallet or exchange, its website and the public address before crypto withdrawals are turned on.

Support ticket requiredDestination details must be supplied

Seven-day withdrawal freeze after 2FA removalIf two-factor authentication is removed from your account, withdrawals are automatically disabled for seven days. Lifting it early needs a support ticket and identity checks.

7 daysAnti-takeover control

Travel Rule from 1 July 2026Now live. Every crypto withdrawal must carry the recipient's full legal name and whether they are an individual or non-individual. Nicknames or initials that do not match records will see the transfer rejected.

Beneficiary details mandatoryAUSTRAC requirement

Tax and reporting

What you get at tax time, and what you do not

No capital gains calculationsBTC Markets withdrew estimated taxable event reporting from 1 July 2022. It no longer estimates capital gains, losses or taxable income for you.

Discontinued in 2022

What you actually getTwo raw reports: an end-of-financial-year wallet balance snapshot and a full transaction history for the tax period. You or your accountant do the rest.

Wallet balance and transaction historyUnder Account then Reports for Tax

How far back reports goUseful for anyone reconstructing an old position. Both report types are available for every financial year from 2017/2018 onwards, and full transaction history runs from account opening.

Back to 2017/2018

End of financial year price listA genuinely handy extra. BTC Markets publishes the closing AUD price of every listed asset at 23:59:59 AEST on 30 June, with tables going back to 2015/2016.

Published every yearEleven financial years listed

KoinlySupported as a tax integration, with a BTC Markets discount code promoted each financial year for Australian customers.

Supported, with discount

Crypto Tax CalculatorAlso supported, with a promoted discount on paid plans. Generates ATO-compliant reports covering DeFi, staking and NFT activity from imported data.

Supported, with discount

SylaThe Australian-built option, and the one that matters most here because it handles company, trust and SMSF reporting - the entity types BTC Markets actually onboards.

Supported, with discountHandles SMSF and trust reporting

No tax adviceStated plainly and repeatedly. BTC Markets does not provide tax advisory services and directs you to a qualified adviser or the ATO.

None given

Platform and support

Apps, account security and how you reach a human

Mobile appsNative iOS and Android apps with deposits, Simple Trade, portfolio and profit-and-loss tracking. Device requirements are relatively aggressive.

iOS 17+ and Android 8+Australian app stores only

Two-factor authenticationTOTP authenticator apps only, such as Google Authenticator, Microsoft Authenticator or Authy. There is no support for hardware security keys or passkeys.

Authenticator app onlyNo hardware key or passkey

Withdrawal address allowlistWorth knowing before you compare. Whitelisting of withdrawal addresses is listed as a VIP Tier I benefit, meaning it is tied to $500,000 of 30-day volume rather than being a standard retail control.

VIP tiers onlyNot a standard retail feature

App-level securitySix-digit PIN or device biometrics, auto-lock after two minutes idle or backgrounded, three PIN attempts before a full login, and enhanced MFA on withdrawals.

PIN, biometrics and auto-lock

How you reach supportTicket-based through the help centre. No phone number, live chat or published support hours appear anywhere on the site or the help centre.

Support ticketsNo published phone or chat

OTC desk hoursThe one part of the business with published hours and named human contact. Minimum trade size is AU$100,000, with no maximum, and settlement is same-day into your account.

9am to 5pm, Mon to FriAU$100,000 minimum

Security incident historyNo custody breach or loss of customer funds in twelve years. The one reported incident was a December 2020 privacy failure where a mass email exposed names and email addresses of about 270,000 users.

One 2020 privacy incidentNo funds lost

Bug bounty and status pageA responsible disclosure programme runs through the support page, and a public status page reports platform uptime and incidents.

Both published

Trust and regulation

The entity you are actually contracting with

Legal entityAn Australian private company registered since June 2013 and GST-registered, with its main business location in Victoria, postcode 3121, in inner Melbourne.

BTC Markets Pty Ltd, ACN 164 093 887ABN 45 164 093 887

The exchange does not hold the AFSLThis is the detail most comparisons get wrong. BTC Markets Pty Ltd is an authorised representative, number 1297122, of a separate licensee. The trading entity is not itself licensed.

Authorised representative onlyAR No. 1297122

Who holds the licenceThe AFSL sits with a sister company, not the exchange. Both entities are under the same group but they are legally distinct.

BTCM Payments Limited, AFSL 525840ACN 643 241 829

What the AFSL actually coversExactly the pattern seen across Australian crypto exchanges. The licence covers non-cash payment products and general advice. Buying and selling spot crypto on the order book sits outside it.

Non-cash payments and general adviceNot spot crypto trading

AUSTRAC registrationA registered digital currency exchange operating under Australian AML/CTF law, with mandatory KYC, ongoing due diligence and suspicious matter reporting.

Registered DCE

External dispute resolutionInternal complaints are answered within 10 business days. Unresolved matters can be escalated to the Australian Financial Complaints Authority as the external ombudsman.

AFCA memberEscalation after 30 days

Independent certificationsISO 27001 for information security management, audited by BSI, plus gold certified membership of the Australian Digital Commerce Association assessed by independent audit.

ISO 27001 and ADCA goldBSI certificate IS 737848

Track recordFounded 2013 and continuously operating since, now reporting over 362,000 Australian traders and $28 billion traded. No ASIC enforcement action against BTC Markets was found.

Operating since 2013362,000+ traders, $28B traded

Figures are read from BTC Markets's own published schedules and disclosures. Crypto platforms change pricing and product availability often - click source on any row to check it yourself, and dispute anything that looks wrong.

Frequently asked questions

How long has BTC Markets operated?

Continuously since 2013 from Melbourne, making it one of Australia's longest-running exchanges, AUSTRAC-registered with no significant public enforcement history.

Is it good for SMSFs and companies?

Yes - corporate and SMSF accounts with local support and OTC settlement are a core focus alongside retail.

Why are the fees higher than global exchanges?

The 0.85% headline applies to low-volume retail and falls quickly with traded volume. You are paying for a local book, local rails and local accountability.

Registrations, licences and product availability change. Check the current AUSTRAC Virtual Asset Service Provider Register and the platform's own disclosures before depositing. This page is general information only, not financial advice, and may contain modelled figures.

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