Are you keen to invest in cryptocurrency in 2025? While it may seem like the ship for massive profits in the crypto space has sailed, it’s still very possible to grow your wealth with the right crypto investments.
If you want to get started, you’ll first need to choose among the dozens of licensed crypto exchanges around.
While picking some of the more popular crypto exchanges is usually a reliable choice, there are other considerations you must make to ensure that your crypto journey will be smooth sailing throughout your investing journey.
From your trading style to your selection of crypto tokens to invest in, there are a few critical variables you must consider to ensure that your chosen platform has everything you need to best suit your needs.
Let’s take a look at some of the key factors to consider before you start trading crypto.
1. Pick a Licensed Crypto Exchange Platform
Before picking just any crypto exchange platform, it’s crucial to narrow your choices to platforms that have undergone and passed local regulatory compliance checks.
Partnering with a licensed crypto exchange platform minimises the risk of fraud and theft of your capital. In essence, it helps ensure that your funds are protected and that you’re trading in an established and safe market.
In Australia, the primary office in charge of crypto investment regulation is the Australian Securities and Investments Commission (ASIC) department.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) also hold some responsibility in the crypto sector by minimising the proliferation of money laundering and terrorist acts with this digital token. Crypto platforms operating in Australia need to be licensed under them for counter-terrorism purposes.
With over 400 crypto exchanges registered and regulated in Australia, there’s no shortage of legitimate crypto exchange platforms you can consider entrusting your funds with in the country.
It’s in your best interest to pick among this pool of exchanges, as you’ll be taking on unnecessary additional risk if you choose an unregulated platform instead. If you need a lead, buy Bitcoin from exchanges like bitcoin.com.au, as this exchange has a solid reputation in Australia and much of the crypto world.
2. Look into The Fees and Transaction Costs
Once you’ve identified the regulated crypto platforms, the next way you can narrow down your crypto platform options is by taking a look at the fees of each transaction.
Many Australian crypto exchange platforms advertise minimal fees of about 0.1% or less, but it’s important to dig deeper and see if other fees exist. Furthermore, the type of trading you plan to undertake will also affect the cost of transactions.
Premium or VIP buyers may be offered better services when using these platforms, but the capital spent to access these products will naturally be higher than average. Furthermore, some platforms operate on a per-transaction basis, with higher crypto trades costing less and smaller, one-off deals costing users more.
Given the variance of payment models across crypto exchange platforms, it’s important to know what you’re getting into beforehand. From deposit and withdrawal charges to spreads, fees can range from 1-5% in certain cases, so it’s important to do your research to ensure you won’t face any surprise losses in your transactions.
3. Evaluate Coins and Trading Pairs
When choosing a crypto platform, it’s a good idea to know whether they offer a diverse range of coins that fit your trading style.
Some crypto markets offer thousands of coins, while others may offer just a few hundred. But don’t let the disparity in figures fool you: the exchange with the fewer tokens could be holding the coin or trading pair that fits you the best.
Another consideration to pay attention to is trading pairs. This term refers to two assets you can trade directly with one another, such as BTC/AUD, BTC/ETH, or ETH/USDT.
It’s a good idea to confirm that your chosen crypto exchange supports the trading pairs that you’re eyeing, as this can influence whether you’ll have a smooth experience with your trade or have to deal with multiple conversions.
4. Read Up On Third-Party User Reviews
Another way to gauge the reliability of a crypto exchange platform is by reading up on reviews about it.
Browse forums, blogs, and social media posts to see the user sentiment about a particular crypto exchange. Try to cast aside the marketing hype or paid promotions and cut to the important pros and cons of the exchange platform.
If there are multiple negatives about a crypto platform, then list them down. List the positives as well and match your top contenders against each other. From there, you can make an informed decision on which website you’d like to pick as your home base for fulfilling crypto transactions.
5. Consider Graph Features and Platform Interface
Another consideration to make when picking your crypto exchange is the platform interface and built-in graph features.
Some crypto exchanges are known for being beginner-friendly, such as Coinbase and Binance. You can’t go wrong with either of these options if that’s what you’re aiming for.
That said, if you’re a bit more advanced, or if you want to choose a crypto platform that doesn’t insist on putting you on guiderails, then there are some options that experienced traders can enjoy. For instance, Independent Reserve and Kraken have charting tools and technical indicators that allow you to analyse market trends in greater detail.
Everyone has different needs—and what may work for others may not work for you. As such, before making any large deposits, try to navigate a couple of your preferred crypto exchange platforms and see which one best fits your trading style.
You can determine this by seeing how easy it is to place orders for your desired crypto, track crypto investments, and tinker with more advanced trading activities like futures. By doing this, you’ll familiarise yourself with your chosen platform and have peace of mind knowing that you’ve picked the right one for your crypto investments.
We hope these tips will help you in your journey with cryptocurrency. All the best in your trading journey!
