BTC Markets review

4.0Last reviewed 2026-08-23

BTC Markets is one of the oldest Australian venues still trading, and it is built for people who want AUD order books and API access rather than a buy button. Its weakness is the price of admission: the entry-tier taker fee is the highest of the major local platforms.

Operating from Melbourne since 2013 and registered with AUSTRAC under ABN 45 164 093 887, it has long been a reference point for Australian dollar bitcoin liquidity. Traders use it for local market depth, historical AUD price data and a proper API rather than for cheap retail buys.

The fee schedule is where you have to be honest about your own volume. AUD pairs start at 0.85 percent taker for low-volume accounts and only reach 0.10 percent once you are trading more than 5 million Australian dollars a month. On bitcoin-denominated markets the schedule is different again, paying makers a 0.05 percent rebate and charging takers 0.20 percent.

Funding is genuinely good. PayID and Osko deposits are free and land almost immediately, and AUD withdrawals go back out over Osko at no cost, including on weekends. First deposits can take up to a day to clear while your bank runs its own checks.

Visit BTC MarketsOpens www.btcmarkets.net

Founded: 2013
Headquarters: Melbourne, Victoria, Australia
Fees: AUD pairs start at 0.85 percent taker and reach 0.10 percent only above 5 million Australian dollars a month. PayID and Osko deposits and withdrawals are free.
KYC: Required
Payment methods: Local bank transfer, PayID / Osko, Credit or debit card
Status: Operating

How you can pay on BTC Markets

Every deposit rail BTC Markets supports in at least one market. Which of them you can use depends on your country; the country guides below list the exact methods per market.

Domestic bank rail: Local bank transfer PayID / Osko
Card: Credit or debit card

As published by BTC Markets: PayID, Direct bank deposit, Credit or debit card.

Pros and cons

What works

Deep Australian dollar order books and a long local price history, useful if you care about execution
Free instant PayID and Osko deposits, and free AUD withdrawals that clear on weekends
AUSTRAC-registered and trading in Australia since 2013
A proper API for anyone automating recurring buys rather than clicking through an app

What to watch

The 0.85 percent entry-tier taker fee on AUD pairs is the highest of the major Australian platforms
The discount schedule only becomes meaningful in the millions of dollars a month
The interface assumes you already understand order books, which makes it a poor first exchange

Fees in detail

maker: Tiered by 30-day volume; bitcoin markets pay makers a 0.05 percent rebate
taker: 0.85 percent on AUD pairs at the entry tier, falling to 0.10 percent above 5 million Australian dollars a month
deposit note: PayID and Osko deposits are free and near-instant, though a first payment can take up to 24 hours to clear.
withdrawal note: AUD withdrawals are processed free over Osko where your bank supports it, including on weekends.

Where we recommend BTC Markets

Countries where BTC Markets ranks in our local guide. Availability beyond these is possible but unverified by us.

Australia

Frequently asked questions

Why is BTC Markets more expensive than other Australian exchanges?

Its AUD entry tier starts at 0.85 percent taker, where CoinSpot's market screen is 0.1 percent and Independent Reserve's is 0.50 percent. The fee only becomes competitive at volumes above 5 million Australian dollars a month.

How fast are AUD deposits?

PayID and Osko deposits are free and usually arrive within a minute. Your first payment can take up to 24 hours while your bank completes its own checks.

Who is BTC Markets actually for?

Active traders who want Australian dollar order books, local market depth and API access. If you are making a monthly purchase and moving it to a wallet, cheaper platforms will serve you better.

Is BTC Markets registered in Australia?

Yes, with AUSTRAC, under ABN 45 164 093 887. That covers anti-money-laundering and know-your-customer obligations rather than guaranteeing customer balances.