How to Trade Bitcoin in Australia

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Bitcoin has bounced sharply in August 2026, briefly breaking above US$68,000–69,000. As volatility returns, Australian traders are once again looking for the best Bitcoin trading platform to trade BTC. 

* Risk warning: Bitcoin is a highly volatile asset. CFDs are leveraged derivatives and can result in rapid losses. Australian retail clients are subject to ASIC's CFD product intervention rules, including a 2:1 maximum leverage ratio for crypto-asset CFDs. 

Bitcoin Trading

Bitcoin CFDs

Spreads

Floating

Reviews

4.7(Trustpilot)

Account type:

Standard & Pro

Regulation:

ASIC

Min. Deposit:

$100

Virtual Funds:

$50,000

For Australian traders who want to speculate on Bitcoin price movements without buying and storing the underlying cryptocurrency, Mitrade is our pick for Bitcoin CFD trading.

Mitrade Global Pty Ltd holds an Australian Financial Services Licence (AFSL 398528), and the Mitrade platform allows eligible Australian clients to trade Bitcoin and other markets through CFDs. With a Bitcoin CFD, you do not own the underlying BTC. Instead, you take a position on whether the price will rise or fall.

For Australian users, another advantage is access to AUD-based funding options, including PayID, bank transfer and card payment options, subject to availability. New traders can also use Mitrade's demo account to practise with A$50,000 in virtual funds before moving to live CFD trading.

Why we picked Mitrade for Bitcoin CFD trading:

• ASIC-regulated Australian entity

• Bitcoin CFD trading without a cryptocurrency wallet

• Ability to go long or short on BTC

• Commission-free pricing with costs built primarily into spreads

• Simple web and mobile trading platform

• Mobile trading with live market monitoring

• AUD funding options, including PayID

• Free demo trading with virtual funds

• Risk-management tools, including Stop Loss and Trailing Stop

Open a BTC Trading Account

      “Trade BTC CFDs with an ASIC-regulated broker. Fast AUD funding via PayID. ”  

For more experienced Bitcoin traders, the best platform is often one that offers greater control over analysis, execution and trading strategy rather than simply the easiest interface.

This is where platforms such as IG and Pepperstone stand out.

IG provides advanced charting tools, technical indicators, price alerts and multiple trading platforms. Australian clients can access IG's proprietary web platform and mobile app, as well as MetaTrader 4, TradingView and ProRealTime for more specialised analysis and trading workflows. The IG online platform also includes more than 30 indicators, drawing tools and customisable workspaces.

Pepperstone is another strong choice for active and technical traders because of its platform range. Depending on the account and product, traders can access MT4, MT5, cTrader and TradingView. MT5, for example, offers additional order types, strategy testing and automation features, while Pepperstone publishes cryptocurrency CFD spreads and does not charge a separate commission on crypto CFDs.

Execution and pricing should also be considered. Pepperstone reports fast execution and a high fill rate, while IG provides detailed information about its pricing and execution policies. However, active traders should compare the actual BTC spread, overnight financing and any other applicable charges, rather than choosing a platform based solely on headline pricing.

Best for advanced traders who want:

• Advanced charting and technical indicators

• Multiple order types and customisation

• TradingView, MT4, MT5, cTrader or other specialist platforms

• Algorithmic or automated trading capabilities

• Fast execution and detailed order management

• Transparent spread and commission structures

For this type of trader, the best Bitcoin platform is usually the one that best fits their existing trading strategy and preferred platform ecosystem.

For beginners, a good Bitcoin trading platform should prioritise simplicity, education and risk management.

A clean interface can make it easier to understand prices, position sizes, margin requirements and potential exposure before placing a trade. A demo account is also particularly valuable because it allows new traders to explore the platform and test a strategy without immediately risking real money.

For example, IG Australia offers demo accounts with virtual funds and access to its online trading platform, while Mitrade also provides a demo environment that allows users to practise trading with virtual funds. Plus500 similarly offers a demo mode for users to familiarise themselves with CFD trading before opening a live position.

Beginners should also look beyond the trading screen. Educational resources, market analysis, economic calendars and trading guides can help users better understand what moves Bitcoin prices and how leveraged products work.

Risk-management tools are equally important. Features such as Stop Loss, Take Profit, price alerts and position-sizing controls can help traders plan a trade before entering the market. These tools cannot eliminate risk, particularly during periods of sharp volatility, but they can support a more structured trading approach.

Beginners should prioritise:

• An easy-to-use web and mobile interface

• A free demo account

• Educational resources and market analysis

• Clear information about spreads and trading costs

• Stop Loss and Take Profit tools

• Simple deposit and withdrawal options

• Transparent margin and risk information

The best Bitcoin trading platform for a beginner is therefore not necessarily the platform with the most advanced features. A simpler platform with a demo account, clear pricing and practical risk-management tools may be a better place to start.

* Remember: Bitcoin is highly volatile, and CFD trading involves leverage. Beginners should understand the product, practise where appropriate and only trade with money they can afford to lose. 

Australian investors have two very different ways to gain exposure to Bitcoin: buying the cryptocurrency directly or trading Bitcoin through CFDs.

Neither approach is automatically better. The right choice depends largely on whether you want to own Bitcoin as a long-term asset or actively trade its price movements.

Which Option Is Better?

A simple way to think about the difference is:

• Choose Bitcoin CFDs if you want to actively trade short-term price movements, take long or short positions and do not need to own BTC.

• Consider buying Bitcoin directly if you want long-term exposure and prefer to hold the underlying cryptocurrency.

Before choosing either option, Australian investors should understand the costs, risks and regulatory protections involved. ASIC has repeatedly warned investors about the risks associated with CFDs and highly leveraged crypto-related products.

If your goal is to actively trade Bitcoin price movements through CFDs, Mitrade is our top choice because of its straightforward trading platform, Bitcoin CFD access, long and short trading, mobile functionality, demo trading and risk-management tools.

For more experienced traders who want advanced charting and a wider selection of trading platforms, providers such as IG and Pepperstone may be worth considering.

Our Picks at a Glance

• Best Bitcoin CFD Platform: Mitrade

• Best for Advanced Traders: Pepperstone

• Best for Broad Market Access: IG

• Best for Beginners: Plus500

• Best for Social Trading: eToro

Ultimately, the best Bitcoin trading platform is not necessarily the one with the lowest advertised spread or the largest number of features. Australian traders should compare ASIC regulation, Bitcoin trading costs, platform functionality, funding options and the tools available to manage risk.

If you want to actively trade BTC rather than buy and store the cryptocurrency, Bitcoin CFDs can provide a flexible way to gain exposure to both rising and falling markets.

Start Trading Bitcoin in 3 Simple Steps

1

Open an Account

2

Fund Your Account

3

Trade BTC CFDs

Open a Trading Account

* CFDs are leveraged products and can result in rapid losses. When trading Bitcoin CFDs, you do not own the underlying cryptocurrency.