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Popular Crypto Wallet Australia 2022- Some of our Top Picks

If you’re looking to buy Bitcoin in Australia – you will need to have a top-rated wallet at your disposal. The top wallets in the market not only allow you to keep your Bitcoin safe – but also come packed with exchange services and other useful tools.

In this article, we discuss our top crypto wallets in Australia and show you how to get set up in less than five minutes.

Best Crypto Wallets Australia List

Below you will find a list of the top crypto wallets in Australia right now.

  1. Etoro Money Crypto Wallet – Our Overall Top Crypto Wallet Australia
  2. Coinbase – Our Top Crypto Wallet Australia For Beginners
  3. Binance -Top Crypto Wallet Australia Packed With Features And Tools
  4. Blockfi – Safe Cryptocurrency Wallet Australia To Store Bitcoin
  5. Huobi – Crypto Wallet With Access To Hundreds Of Markets
  6. Bybit – Online Crypto Wallet Backed By A Leading Exchange
  7. Coinjar – Simple Crypto Wallet Allowing You To Buy And Sell Bitcoin
  8. Zengo – User-Friendly Crypto Wallet Australia With Easy Set-Up
  9. Coincorner – Quick And Easy Way To Buy And Store Crypto
  10.  Luno – Our Best Crypto Wallet Australia For First-Timers

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Cryptoassets are a highly volatile unregulated investment product. No Australia or EU investor protection.

Scroll down to read our reviews of the above crypto wallets as well as a guide on how to buy Bitcoin using the best Bitcoin app Australia. 

What Is The Top Crypto Wallet In Australia?

In this section of our article, you will find a detailed review of our top crypto wallets in the  Australian marketplace. This way you’ll be able to learn how to buy Bitcoin safely in 2022.

We covered a full range of important metrics when researching the best wallet providers – such as safety, fees, supported coins, and user-friendliness.   

1. Etoro Money Crypto Wallet – Our Overall Best Crypto Wallet Australia

We found that the eToro Money Crypto Wallet is our overall best option in the Australian market. This popular wallet is backed by a leading brokerage firm that is authorized and regulated by the Financial Conduct Authority (FCA).

The wallet itself is licensed by the Gibraltar Financial Services Commission (GFSC), so you can be sure that your Bitcoin tokens are being kept safe. In addition to Bitcoin, the eToro Money Crypto Wallet also allows you to store lots of other digital currencies.

You can also use the wallet to exchange 500 cryptocurrency pairs. The eToro Money Crypto Wallet comes in the shape of a mobile app – which is compatible with both iOS and Android. You can use the app to buy cryptocurrencies with a debit/credit card, bank transfer, or an e-wallet like Paypal.

This means that you can facilitate all of your digital currency needs through a single platform. What we also like about the eToro Money Crypto Wallet is that it has been designed with beginners in mind. For instance, if you were to lose or forget your private keys, the eToro team can help you regain access to your wallet.

The process of accessing your crypto wallet with eToro is seamless, and we will explain it thoroughly below:

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Cryptoassets are a highly volatile unregulated investment product. No Australia or EU investor protection.

Step 1: Opening your account

 

To open an account with the eToro crypto wallet, all you need to do is access the website and create an account. Click on “Join Now” and you will be taken to the next step to open your crypto wallet account with eToro, which should be adding your information such as email, password, name, etc.

Step 2: Deposit Initial Funds

eToro has a range of payment methods you can choose from. It’s actually one of the best paypal crypto wallets, and one of the most sought-after places to Buy Bitcoin with Paypal. You can choose from Neteller, wire transfer, Paypal, credit and debit cards and a couple of other methods available. The minimum deposit is £200, and this amount will be used towards buying and storing cryptocurrency in your crypto wallet.

>>> Buy Crypto on eToro <<<

Cryptoassets are a highly volatile unregulated investment product. No Australia or EU investor protection.

Step 3: Buying Crypto and storing in your eToro wallet

Going back to your watchlist, select the cryptocurrency you want to add to your crypto wallet, and complete a buying order. Once you’ve bought it, you will be able to add it to your eToro wallet in the “Portfolio” section.

>>> Buy Crypto on eToro <<<

Cryptoassets are a highly volatile unregulated investment product. No Australia or EU investor protection.

How Do Crypto Wallets Work?

In simple terms, the best crypto wallets in Australia allow you to store your digital tokens in a safe and secure manner. As we cover in more detail shortly, crypto wallets come in various forms.

For instance, while some prefer to download a crypto wallet app to their mobile phone, others will elect to install software on a desktop device.

Nevertheless, top crypto wallets in Australia also allow you to send and receive Bitcoin at the click of a button.

Types Of Crypto Wallets

As noted above, crypto wallets come in various forms, each of which comes with its own pros and cons.

Bitcoin Software Wallets

Most traders and investors in Australia will opt for a Bitcoin software wallet. This means that the wallet does not exist in tangible form.

On the contrary, in order to connect to the Bitcoin blockchain, you will need to download software to a mobile phone or desktop device.

Mobile vs Desktop Wallets

Unless you are looking to download the entire Bitcoin blockchain to your device, then we would suggest sticking with a mobile wallet.

This is by far the most convenient way to store, buy, sell, and trade Bitcoin – irrespective of where you are located.

For instance, by downloading the eToro app – which is the best crypto wallet in Australia – you will have access to your Bitcoin tokens at all times. This means that you can send or receive crypto at the click of a button.   

Hardware crypto wallets

Crypto wallets can also be purchased in the form of a hardware device. This is by far the safest way to store Bitcoin in Australia.

When it comes to security, you will need to plug your Bitcoin hardware wallet into a desktop device if you want to perform a transaction.

Bitcoin Paper Wallets

Bitcoin paper wallets are a cost-effective yet highly secure way of securing your digital currency. Put simply, you will be given a wallet address and private key from an online provider.

Then, upon transferring your Bitcoin over to your unique wallet address, you will write your private key down on a piece of paper.

>>> Buy Crypto on eToro <<<

Cryptoassets are a highly volatile unregulated investment product. No Australia or EU investor protection.

How to Choose the Top Crypto Wallet Australia for You

In choosing the top crypto wallet Australia for you, several core metrics need to be considered.

Security and Safety

Apart from eToro, virtually all of the crypto wallets that we came across are unregulated. This means that should anything happen to your digital funds, you will have nowhere to turn.

This is why we think that the eToro Money Crypto Wallet is the best option in the marketplace.

Fees

You also need to check what fees the provider charges in your search for the top crypto wallets in Australia. This includes fees linked to deposits and withdrawals, as well as in-app exchanges.

User Experience

If you’re a complete newbie in the world of digital currencies, it’s best to pick a crypto wallet that offers a great user experience.

Supported Coins

Many Bitcoin investors will also own alternative digital currencies. If this sounds like you, it is best to choose a wallet that supports all of your digital asset holdings.

>>> Buy Crypto on eToro <<<

Cryptoassets are a highly volatile unregulated investment product. No Australia or EU investor protection.

How To Get A Crypto Wallet Australia – Etoro Tutorial

To conclude this article, we will walk you through the process of obtaining and setting up a crypto wallet in less than five minutes.

As we found that the eToro Money Crypto Wallet is the best option in the Australia market, we will use this top-rated provider for our tutorial. 

Step 1: Open eToro Crypto Account

Head over to the eToro website via your desktop or mobile browser. After clicking ‘Join Now’, follow the on-screen instructions by entering your personal information.

Finally, upload a copy of your passport or driver’s license so that eToro can verify your identity. This is a requirement at eToro because the platform is regulated by the FCA.

Step 2: Download eToro Money Crypto Wallet 

Now that you have a verified account, you can proceed to download the eToro Money Crypto Wallet.

Next, open the app and log in with the username and password that you created in the previous step. 

Step 3: Deposit Funds/Crypto 

If you already have Bitcoin in another location, you can transfer the tokens directly to the eToro Money Crypto Wallet.

If not, you can purchase some Bitcoin directly in real-time. As you have already verified your identity, you can do this by depositing funds with an Australian debit/credit card, e-wallet, or bank account.

>>> Buy Crypto on eToro <<<

Cryptoassets are a highly volatile unregulated investment product. No Australia or EU investor protection.

The minimum purchase amount is just $10 (about £7) and you only need to cover the spread.

Either way, once you have Bitcoin in your eToro Money Crypto Wallet, you can keep the tokens there safely until you are ready to cash out. 

Conclusion

In summary, crypto wallets in Australia should be secure, convenient, and cost-effective.

You also need to think about whether you want to store your Bitcoin via a mobile, desktop, or hardware wallet.

We think that eToro offers the overall best crypto wallet in Australia through its iOS and Android app.

This regulated wallet not only allows you to store Bitcoin and heaps of other cryptocurrencies, but you can also buy and sell digital assets at the click of a button.

>>> Buy Crypto on eToro <<<

Cryptoassets are a highly volatile unregulated investment product. No Australia or EU investor protection.

FAQs

How do I get a crypto wallet Australia?

You can download the eToro wallet to your mobile phone and then deposit Bitcoin instantly. The wallet is available on both iOS and Android devices.

What is the safest crypto wallet?

We think that eToro offers the safest crypto wallet in Australia – not least because the provider is regulated. 

What is the top wallet for Bitcoin?

In terms of features, safety, user-friendliness, and supported tokens – we found that the eToro app is the top crypto wallet in Australia.

How do I find my crypto wallet address?

In most cases, you can click on the ‘Receive’ button from within your chosen crypto wallet. In doing so, it will display your crypto wallet address.

Is there a free crypto Wallet in Australia?

Yes, the eToro Money Crypto Wallet can be downloaded free of charge.

 

This article is supplied by CryptoPR and is not necessarily representative of the views of The Herald 

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