How to buy crypto under 18 in Australia

Dominic Harper // January 9 // 0 Comments

Key Takeaways

  • Buying crypto under 18 in Australia can be challenging due to age restrictions on popular exchanges.
  • Several crypto exchanges in Australia do not require ID verification, making it possible for under 18s to buy and trade crypto.
  • Recommended exchanges for under 18s in Australia include Bybit, MEXC, Weex, KuCoin, Margex, PrimeXBT, and Bisq.
  • Each exchange offers unique features such as low trading fees, a wide range of cryptocurrencies, copy trading, free crypto trading bots, margin trading, and decentralized trading.

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 2024

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 - Best for huge range of coins
  3. 3
     Kine - Best decentralised crypto exchange
  4. 4
     Weex - Best for fee-free spot trading, margin market depth, and copy trading
  5. 5
     KuCoin - Best for free crypto trading bots
  6. 6
     Margex - Best for margin trading crypto under 18
  7. 7
     PrimeXBT - Best CFD trading for under 18s
  8. 8
     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 280+ 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. If you like to trade derivatives, the fees are extremely competitive, at only 0.01% for makers and 0.06% for takers. To read more about Bybit, see my detailed review.

  • The best exchange for buying crypto for under 18s in Australia
  • Lowest trading fees - spot trading: 0.1%, derivatives: 0.01% / 0.06% (maker/taker)
  • More than 280+ cryptocurrencies supported
  • 24/7 Live Chat support is always available

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

FREE $30 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 0.0/0.1% for spot trading, and 0.0/0.03% (maker/taker) for futures trading. If you sign up with our link, you will receive 10% off your trading fees plus $30 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
  • $30 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: 0.0/0.1% for spot and 0.0/0.03% (maker/taker) for futures

#3. Kine – Best decentralised crypto exchange (DEX):

FREE $8,060 USDT rewards if you sign up with this link

Kine is the best decentralised crypto exchange for Australians, which means it is easy to sign up if you are under 18. No KYC is required, so you can remain completely anonymous. All you need to start trading is your own crypto wallet, such as MetaMask. Note that Kine has a CEX and DEX version of the exchange, so to trade without ID, you need to ensure you are using the DEX (decentralised) version of the site.

To buy crypto you can easily use AUD to buy USDT, using your debit/credit card. If you want a cryptocurrency besides USDT, you can easily trade it on the exchange.

Kine has low derivatives trading fees of 0.05%, with no gas fees for trades thanks to the Layer 2 Network. Keep in mind that Kine only offers derivatives trading at the time of writing, so if you are interested in spot trading, you will need to select a different exchange. There are plans to introduce spot trading in the near future, so keep an eye out.

Make sure you take advantage of the great sign-up offer for new customers who sign up with this link. Deposit $200 to receive 10 USDT bonus, deposit $1,000 to receive 50 USDT, and if you deposit $5,000 you receive a huge 8,000 USDT! Sign up now and claim your bonus before it expires.

  • Low trading fees of 0.05% with no gas
  • Unlimited liquidity and minimal slippage
  • Huge welcome bonus of over $8,000 USDT
  • Copy successful traders; profit from the experience of others
  • Stake, Farm, and Earn crypto with Kine Finance

#4. Weex – Best for fee-free spot trading, margin market depth, and copy trading:

FREE $58 USDT rewards if you sign up with this link

Weex is a top choice for those who are under 18 and want to start trading crypto. There is no need for KYC to sign up or use Weex, so it's perfect for those who are underage. For spot trading, there is no fee at all, for makers and takers. This is great for increasing your profits, as every dollar you save on fees means extra money in your pocket.

Weex does not offer many coins for spot trading, so to access more trading pairs you can check out their futures trading, with low fees of 0.02% for makers and 0.06% for takers. The standout feature of Weex is their incredible market depth, with the highest levels of liquidity of any crypto exchange. For trades of any size, orders will be filled quickly, with minimal slippage. 

If you are new to trading, and don't know where to begin, you can take advantage of Weex's copy trading functionality. Copy trading is where you choose an experienced trader that you want to follow (based on their win rate, profit and loss, etc), and then Weex will place the same trades every time the professional trader makes an order. This means that you will profit at the same time as the professional, all without having to do any research or place any orders yourself. 

One thing to note is that Weex doesn't support direct purchases of crypto using AUD. If you want to trade using Weex, you will need to buy crypto on another exchange and send it to your Weex account. 

  • Zero fees for spot trading
  • Low futures trading fees of 0.02/0.06% (maker/taker)
  • Highest margin market depth, and low slippage
  • Copy trading feature activated with a single click
  • Extremely secure exchange, and holds regulatory licenses from around the globe

#5. 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

#6. 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)

#7. 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

#8. 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.

Access FREE crypto trading course for beginners,

and learn to trade like a professional

Recent Posts