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You can email it with any customer support issues, use direct chat or submit support tickets through its trading portal. Ready to buy? Since its inception, it has grown along with Australia's cryptocurrency scene, becoming a member of emerging industry groups and releasing new offerings including a blockchain consulting service and an OTC trading desk that does business worldwide. Skip the queue with a quick setup - no ID documents required. Display Name. Streamline verification Only want to do a little bit of trading? Security features. Ask an expert To ask a question simply log in via your email or create an account. Bit Trade was founded and registered in and is one of Australia's first cryptocurrency exchanges. Yes, but you must still have an Australian bank account, an Australian mobile number and need to be either an Australian resident or citizen. It usually takes minutes to go from joining a queue to getting your order filled if it's not your first purchase. The time taken depends on your payment method, whether it's your first time buying from Bit Trade or whether your order is processed during business hours. Great for its quick transfer times Not so great for finding more than the 6 top cryptocurrencies Check out our full list of pros and cons or read on. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. You are about to post a question on finder.{/INSERTKEYS}{/PARAGRAPH} We compare from a wide set of banks, insurers and product issuers. Your Email will not be published. Home page Find the full range of Bit Trade features and services right in front of you. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrency transfers can arrive almost instantly. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Performance is unpredictable and past performance is no guarantee of future performance. However, we aim to provide information to enable consumers to understand these issues. Cons Offers a limited selection of cryptocurrencies compared to some other platforms Does not offer advanced trading features. Step 1: Sign up. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market. Check how long the transfer should take, and consider how long it usually takes your bank or wallet to process transfers. Cons Orders placed after midnight will only be processed at 7am Offers a limited selection of cryptocurrencies compared to some other platforms Does not offer advanced trading features. Step 3: Verify your identity. What should I do if my money or cryptocurrency hasn't arrived? Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. We try to take an open and transparent approach and provide a broad-based comparison service. Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Learn more. You should consider whether the products or services featured on our site are appropriate for your needs. {PARAGRAPH}{INSERTKEYS}Give your savings the boost they need. Times vary from over 15 minutes to 1 day. Finder, or the author, may have holdings in the cryptocurrencies discussed. To use the Bit Trade platform, you must meet the following criteria:. Choose your coins Ready to buy? You should also verify the nature of any product or service including its legal status and relevant regulatory requirements and consult the relevant Regulators' websites before making any decision. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. This means Bit Trade does not hold your funds and you retain full control over your assets. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria. Verification for advanced users Complete the verification process to upgrade your account, and unlock higher limits. Transfers 1 day Cryptocurrency transfers can arrive almost instantly. We provide tools so you can sort and filter these lists to highlight features that matter to you. You can learn more about how we make money here. You will need to verify your identity in line with Australian law before you can buy or sell. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Unlike most centralised exchanges, you aren't depositing funds onto Bit Trade for trading. To get verified, provide suitable identification in line with the prompts you receive after verifying your email. Learn how to buy and sell with Australia's longest-running cryptocurrency exchange. Acceptance by insurance companies is based on things like occupation, health and lifestyle. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan. We encourage you to use the tools and information we provide to compare your options. Consider your own circumstances, and obtain your own advice, before relying on this information. Rather, you're simply placing an order and paying for it. Order processing Up to 12 hours It usually takes minutes to go from joining a queue to getting your order filled if it's not your first purchase. Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks — they are highly volatile and sensitive to secondary activity. It is not a recommendation to trade. Bit Trade is the longest running cryptocurrency exchange in Australia, and according to its ABN, was first registered in You must be an Australian resident or citizen, have an Australian mobile number and have an Australian bank account. Click here to cancel reply. Andrew Munro is the cryptocurrency editor at Finder. If it should have already arrived, contact Bit Trade to follow up on your order. Once your payment is received, you will join the queue to have your order filled. When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. Order processing. Go to the home page and click "sign me up. Can I use Bit Trade outside Australia? While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. It also responds to support requests sent through Facebook and Twitter. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. To work out how competitive Bit Trade's prices actually are compared to other options, even those with a lower apparent service fee, you'll also need to consider the rates you're buying or selling at. How do I create an account at Bit Trade? Andrew has a Bachelor of Arts from the University of New South Wales, and has written guides about everything from industrial pigments to cosmetic surgery. Andrew Munro twitter. Step 4: Buy and sell. Check out our full list of pros and cons or read on. Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. We value our editorial independence and follow editorial guidelines. You can now place orders by choosing what you want, of either Australian dollars, bitcoin, Ether, XRP, Bitcoin Cash or Litecoin, and depositing your payment. Sign up Create an account, and let Bit Trade know how it can best help you. Choose your coin, get the simple but essential market information, and place an order. Step 2: Verify your email address. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service. Bit Trade bitcoin exchange review — July Andrew Munro. Subscribe to the Finder newsletter for the latest money tips and tricks. Please read our website terms of use and privacy policy for more information about our services and our approach to privacy. Sometimes a platform with seemingly higher fees will actually be more cost-effective than a platform with lower fees, but less favourable rates. Only want to do a little bit of trading? How do I reach Bit Trade customer service? Enter your email address, and verify it by following the link in the email you receive from Bit Trade. Optional, only if you want us to follow up with you. Bit Trade has a help address at helpdesk. This significantly reduces your risk of loss in the event that Bit Trade ever gets hacked.