How to buy crypto under 18 in Australia

Dominic Harper // November 11 // 0 Comments

If you are under 18 and want to buy crypto, it can be a bit tricky. Although it is not considered illegal in Australia, many crypto exchanges, especially the popular ones, don’t allow you to buy crypto if you are under 18.

Fortunately, there are many great crypto exchange platforms in Australia that don’t require KYC (Know Your Customer) verification. It means that you can easily buy and trade crypto without submitting your ID.

It is important to remember the risks of investing in crypto since it is a very volatile asset. You can easily lose all of your investment in a short period of time. Be sure to conduct your own research before investing, and we strongly advise you to speak to your parents first. Finally, a good rule of thumb is to never invest more than you can afford to lose. With all that in mind, let’s find out the best places to buy crypto for under 18s in Australia.

Best Exchanges in Australia to buy crypto (under 18s) - Tested and Reviewed in 2022

We have tested and reviewed hundreds of crypto exchanges to find the best ones that don’t require ID verification. Below is the list of our top choices, make sure to check them all out to make the best decision according to your needs.

  1. 1
     Bybit - Best Crypto Exchange in Australia to buy crypto under 18
  2. 2
     MEXC Global - Best for huge range of coins
  3. 3
     KuCoin - Best for free crypto trading bots
  4. 4
     Margex - Best for margin trading crypto under 18
  5. 5
     PrimeXBT - Best CFD trading for under 18s
  6. 6
     Bisq - Best decentralized Bitcoin exchange

Best places to buy crypto under 18 - Reviews

#1. Bybit – Best Crypto Exchange to buy crypto under 18 in Australia

FREE $5 BITCOIN and up to $30,000 bonus when you sign up with this link

Bybit is definitely our #1 choice of crypto exchange for underage Australians who want to buy crypto. It is a legitimate and trusted platform, with over 10 million users and $10 billion trading volume daily. The platform is also very easy to use, and you can buy crypto using a credit card, your bank account, or even Google Pay and Apple Pay.

Bybit supports several different coins that you instantly purchase, including popular cryptocurrencies such as BTC, ETH, and USDT. If you want to get access to all 220+ coins, you can simply buy USDT and trade it for the coin that you want.

Trading fees are low, at only 0.1% for spot trading, but Bybit is currently celebrating its milestone of reaching 10 million users, and you can now trade for FREE. Make sure you sign up here before the promotion expires. If you like to trade derivatives, the fees are extremely competitive, at only 0.01% for makers and 0.06% for takers.

  • The best exchange for buying crypto for under 18s in Australia
  • Lowest trading fees - spot trading: 0%, derivatives: 0.01% / 0.06% (maker/taker)
  • More than 220+ cryptocurrencies supported
  • 24/7 Live Chat support is always available

#2. MEXC Global – Best for huge range of 1,520 coins:

FREE $25 USDT and 10% off fees if you sign up with this link

Although MEXC provides a limited number of tokens you can buy directly using AUD, you can easily trade your crypto (such as USDT) for any of the 1,520+ coins supported on this exchange. Since MEXC does not require KYC or ID verification, you can easily invest in crypto if you are under 18. 

MEXC is also a great platform for those who want to do trade rather than simply buy crypto. The trading fees on MEXC are very low, at 0.2% for spot trading, and 0.02/0.06% (maker/taker) for futures trading. If you sign up with our link, you will receive 10% off your trading fees plus $25 FREE USDT!

MEXC also offers a great Copy Trading feature for those who are inexperienced with trading, but want to make decent profits. Copy Trading allows you to choose a successful trader to mimic, and then MEXC will automatically make the same trades for you. 

  • Massive range of 1,520+ coins and 2,114 trading pairs
  • $25 FREE USDT and 10% off trading fees with this link
  • Supports spot trading, margin trading, derivatives trading
  • Copy trading and free crypto trading bots included
  • Low fees: 0.2% for spot and 0.02/0.06% (maker/taker) for futures

#3. KuCoin – Best for free crypto trading bots:

KuCoin is the best choice for those looking for a platform with free trading bots. You can set up the bots to the parameters you like, so that your trades are executed no matter what time, even if you are not online. It currently offers Spot Grid, Futures Grid, Smart Rebalance, Infinity Grid, and DCA bots. 

You will find a huge range of more than 700+ coins to trade, using trading bots, or manually if you prefer. The trading fees are very low (0.1%), but if you pay fees with the platform’s native token KCS, you will receive a 20% discount. It lowers the fees even further to 0.08%.

You can also easily purchase crypto instantly, even if you are under 18, since you don't need to submit KYC documentation. There are plenty of payment options available, including credit, debit, and prepaid cards, as well as Apple Pay. 

  • More than 700+ cryptocurrencies are available
  • Low trading fees of 0.1%, or only 0.08% if you pay with KCS coin
  • FREE bots to automate your crypto trading
  • Many methods of payment, such as debit/credit card, prepaid cards, and Apple Pay

#4. Margex – Best for margin trading crypto under 18:

Margex is a great platform to buy crypto if you are under 18, using your credit or debit card. However, that’s not all; Margex excels as a margin trading platform that offers top-level security. The platform stores all of the users’ assets in cold storage, but it also uses a unique system that prevents price manipulation. Its MP Shield system combines liquidity from 12 different providers and uses specific AI algorithms to monitor any possible suspicious trading.

The only downside of Margex is that it only supports 13 coins. If you intend to buy or margin trade popular cryptos such as BTC and ETH, that won’t be a problem. However, if you want a wider range of cryptocurrencies, you should use one of the other exchanges on this list. Margex is also very intuitive and easy to use, even for entry-level traders who are just starting out.

  • Best margin trading platform for under 18s
  • Industry-leading security, with unique system to prevent price manipulation
  • $100 bonus and 15% first deposit bonus when you sign up here
  • Low trading fees of 0.019/0.06% (maker/taker)

#5. PrimeXBT – Best CFD trading for under 18s:

PrimeXBT is another option for buying crypto if you're under 18. Like the other exchanges in this list, you can easily buy crypto directly using AUD. But what sets PrimeXBT apart is that if you want to invest in crypto without purchasing the underlying coin, you can trade crypto CFDs (Contracts For Difference). Basically, instead of buying coins, PrimeXBT lets you buy contracts that are linked to the current price of that crypto. In this way, you can earn money by betting on the price of the coin to rise OR fall.

If you are a beginner to crypto, you might not be confident about your trading ability. That’s where PrimeXBT’s Covesting tool comes in! Similar to copy trading, it allows you to choose a profitable investor and automatically make the same trades as that person. That way, you can earn money on profitable crypto trades by making use of other people's experience.

The fees for CFD trading on PrimeXBT are amazingly low at only 0.05%, but remember that you are actually margin trading. It can be very risky, so make sure you have done proper research before you decide to do so.

  • More than 40 cryptocurrencies, and more than 50+ forex pairs to trade
  • By trading CFDs you can make money when price of crypto falls
  • Helpful live chat support team

#6. Bisq – Best decentralized Bitcoin exchange:

Bisq is the ideal choice for those who want to buy crypto with complete anonymity, you don't even have to provide a name. With its reliance on Tor, no crypto or fiat funds are stored on the server, so you can be confident about the safety of your assets.

Although the platform is not the best choice for beginners, it offers over 15 payment methods and you can access over 125 available coins. However, note that you can only buy BTC directly using fiat. To buy other coins, you need to buy BTC first and then trade it for the coin you want.

Trading fees are also very low, at 0.05% for makers and 0.35% for takers. Again, since the platform is decentralized, it is not easy for beginners to navigate, so if you are just starting out with crypto, we would recommend one of the other exchanges in this list.

  • Buy crypto completely anonymously
  • Extremely secure decentralized platform
  • More than 125 cryptocurrencies available

Feel free to read our privacy policy click the link.

About the Author: Dominic Harper

Dominic has a background in finance and is passionate about cryptocurrency, blockchain technology and NFTs. He has been investing in crypto since 2017, and is excited about the potential for innovation and creative uses for NFTs in the near future.

Stay up to date with vital crypto news

Recent Posts

Stay up to date with vital cryptocurrency news